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Public sector corruption affects economic and financial outcomes, such as GDP growth, foreign direct investment, and … government funding costs. Less is known about the spillovers from perceptions of public sector corruption on the private sector … corporate bond market. In this paper, we assess the role of public sector corruption perception on corporate bond market …
Persistent link: https://www.econbiz.de/10013403925
Persistent link: https://www.econbiz.de/10010243130
This paper aims to analyze the stock exchange consolidation process in Emerging Markets, with particular reference to the United Arab Emirates (UAE). More specifically, this paper aims to investigate whether the UAE stock exchanges will be characterized by the same consolidation process, which...
Persistent link: https://www.econbiz.de/10013099976
This paper provides an overview of the strategic and operational issues as well as institutional challenges, related to the implementation of the Sovereign Asset and Liability Management (SALM) approach. Application of an SALM framework allows the authorities to identify and monitor sovereign...
Persistent link: https://www.econbiz.de/10012843498
The Warsaw Stock Exchange is one of Europe's largest exchanges by the number of IPOs, although it retains features of a market in post-transition countries, including a relatively small size, shallowness and a weak institutional framework. In this study, we use a large dataset to explore firms'...
Persistent link: https://www.econbiz.de/10012972809
The Warsaw Stock Exchange is one of Europe’s largest exchanges by the number of IPOs, although it retains features of a market in post-transition countries, including a relatively small size, shallowness and a weak institutional framework. In this study, we use a large dataset to explore...
Persistent link: https://www.econbiz.de/10011107655
This paper examines the association between firm valuation and the sources of debt financing. In particular, using a sample of 353 firms, we test whether the decision to issue bonds affects the firm's stock market performance in the emerging Russian markets. Our results indicate that public debt...
Persistent link: https://www.econbiz.de/10011056993
This paper looks at the impact of corruption on stock market development, emphasizing the difference between developing … and developed economies and the role corruption may play in preventing firms from listing. After setting up a theoretical … model that explains why corruption's impact on stock market development may differ, we use a sample of 87 economies …
Persistent link: https://www.econbiz.de/10013298294
rewards against a host of risks and challenges endemic to these markets, including greater political and economic uncertainty …
Persistent link: https://www.econbiz.de/10013037766
The current study attempts to investigate that the depressed wealth effect of liquidity risk is priced in developed and emerging markets or not. Multiple liquidity measures including Amivest liquidity, market efficiency coefficient, Roll estimator and value turnover are used in the study for...
Persistent link: https://www.econbiz.de/10014349097