When markets are characterized by inefficiencies, short-term financial capital may help improve firms' performance.doi:10.1016/j.jup.2019.100940Fernando Moreira da SilvaFernando Ribeiro SerraD. SmithElsevierUtilities Policy
Overcoming Institutional Voids: A Reputation-Based View of Long-Run Survivalemerging marketsinstitutional voidsreputationbusiness historyintangible resourcesEmerging markets are characterized by underdeveloped institutions and frequent environmental shifts. Yet they also contain many firms that have survived over ...
On the other hand, these markets are characterized by high risk and uncertainty due to weak and inefficient regulatory institutions (Meyer, 2001, Meyer and Peng, 2005). Furthermore, the historical ties among the former Soviet republics and Russia are likely to play an important role in ...
We find evidence that institutional investors herd more in markets characterized by low levels of information asymmetry (high level of information transparency). This result suggests that institutional investors' herding behavior is likely driven by correlated signals from fundamental information. Lastly, ...
Eyes wide shut: The politics of currency crises in emerging markets. During the second stage, as prospects deteriorate, ambiguous information triggers a status quo bias in public policy, delaying adjustment further. During the... F Neumann - The Johns Hopkins University. 被引量: 0发表: 2005年...
(following the trend). Industrial players are more likely to participate in the former approach (with pricing power), while capital markets are more inclined towards the latter. Bottom pricing ability is a common trait among leaders in strong cyclical industries, as once the industry enters a ...
In a study aimed at validating the EKC in 47 emerging markets and developing economies (Le and Ozturk, 2020), institutional quality was found to boost carbon emissions. However, using annual data from 30 sub-Saharan African countries (Karim et al., 2022) confirmed that corruption control, ...
Spotting Institutional Voids in Emerging Markets With the demise of communism, many countries in the world are striving to build their economic activity around markets and to participate in free trade arrangements, such as the World Trade Organization (WTO), European Union (EU), and No... T Kh...
A large number of labour markets are characterized by competitive entry. Young workers compete for entry into those firms that provide the best career opportunities, and they do so to become established in particular occupations. When labour markets are characterized by strong institutions, such ...
Transactions include zoning, conversion, or purchases of land that occur outside of, or in opposition to, formal markets and governance processes. These transactions typically involve exchanges between marginalized urban residents who cannot afford formal urban land and services, and the actors with ...