This article examines several key global market conditions, such as a proxy for market uncertainty and measures of interbank funding stress, to assess financial volatility and the likelihood of crisis. Using Markov regime-switching techniques, it shows that the Lehman Brothers failure was a...

This article supplies empirical evidence of the dynamic interactions between international macroeconomic determinants and 10 emerging market sector indices. As so far empirical research has followed the scientific approach of examining each country separately, this article conducts a...

The pricing of equity in six European emerging capital markets is analysed using both the conventional CAPM and a ‘conditional’ CAPM wherein up and down markets are separated. International influences on the stock markets are also analysed. The empirical evidence from a sample of...

Two important issues in the analysis of association among financial markets are the degree of dependence and the underlying shape commanding the cross-market dependencies, so that any model used to describe this association must cope with both the issues. In the study presented in this article,...

This study seeks evidence on whether the return series on Bangladesh's Dhaka Stock Exchange (DSE) is independent and follows the random walk model. The study focuses on assessing if the DSE deviates from idealised efficiency. The sample primarily includes all the listed companies on the DSE...

This article deals with the issue whether the ambition by foreign TNCs to secure quality control, technology and knowledge exclusiveness, cost efficiency and delivery terms among its host country suppliers leads to a strategy to tie up the suppliers to a forced dependence on their customers. It...

It is an unresolved issue whether insertion of emerging market firms into global value chains (GVCs) is a better way of internationalisation than developing own export products and independent sales channels–as has been the ‘conventional’ internationalisation path of firms...

This article explores the relevance of different entry modes for Danish exporting small and medium enterprises (SMEs). Internal and external resources that influence the choice of entry modes into the Brazil, Russia, India and China (BRIC) markets are investigated from both a resource-based view...

This study examines the relationship between exchange rate changes and firm value. For this purpose, a sample of 342 Indian non-financial firms grouped into 20 industry portfolios is studied over the period of April 2006 to March 2011. The sensitivity of industry’s stock returns to actual...

While a large body of research has dealt with firm’s choice of ownership mode when entering a foreign market, little attention has been paid to the ex-post performance after initial entry. This article combines the transactional cost economics, Dunning’s OLI paradigm as well as the...