Prelims

Emerging Market Finance: New Challenges and Opportunities

ISBN: 978-1-83982-059-5, eISBN: 978-1-83982-058-8

ISSN: 1569-3767

Publication date: 28 September 2020

Citation

(2020), "Prelims", Jeon, B.N. and Wu, J. (Ed.) Emerging Market Finance: New Challenges and Opportunities (International Finance Review, Vol. 21), Emerald Publishing Limited, Leeds, pp. i-viii. https://doi.org/10.1108/S1569-376720200000021017

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Emerald Publishing Limited

Copyright © 2020 Emerald Publishing Limited


Half Title

Emerging Market Finance

series-page

International Finance Review

Series Editor: J. Jay Choi

INTERNATIONAL FINANCE REVIEW VOLUME 21

Title Page

Emerging Market Finance: New Challenges and Opportunities

Edited by

Bang Nam Jeon

Drexel University, USA

Ji Wu

Southwestern University of Finance and Economics, China

United Kingdom – North America – Japan – India – Malaysia – China

Copyright Page

Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2020

Copyright © 2020 Emerald Publishing Limited

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A catalogue record for this book is available from the British Library

ISBN: 978-1-83982-059-5 (Print)

ISBN: 978-1-83982-058-8 (Online)

ISBN: 978-1-83982-060-1 (Epub)

ISSN: 1569-3767 (Series)

Contents

List of Contributors vii
Part I An Overview
Chapter 1 Emerging Market Finance: New Challenges and Opportunities
Bang Nam Jeon and Ji Wu 3
Part II Global Banking Activity, Risk, and Contagion
Chapter 2 Do Foreign Bank Branches Affect Lending of Foreign- and State-owned Banks? Empirical Evidence from CESEE Countries
Oskar Kowalewski 11
Chapter 3 Nonperforming Loans in Asia: Determinants and Macrofinancial Linkages
Junkyu Lee and Peter Rosenkranz 33
Chapter 4 Corporate Default Risk and Loan Pricing Behavior in China
Hongyi Chen, Jianghui Chen and Gaofeng Han 55
Chapter 5 Chinese Banks in Russia: Market Expansion Strategies and New Opportunities
Ekaterina Serbina 75
Chapter 6 Global Shock and Foreign Bank Lending: Choice of Home and Local Currency Loans in Indonesia
Yuki Masujima 89
Chapter 7 Spillover Effects of Global Monetary Shocks on Foreign Banks: Evidence from an Emerging Economy
Bang Nam Jeon, Hosung Lim and Ji Wu 113
Part III Stock Market Behavior in Emerging Economies
Chapter 8 Global Stock Market Prices Response to Uncertainty Changes in US Monetary and Fiscal Policies
Thomas C. Chiang 131
Chapter 9 The Asymmetry Effect and Volatility Persistence in Stock Market Returns: Evidence from Brazil, China, Mexico and Turkey
Ihsan Erdem Kayral, Hilal Merve Alagoz and Nisa Sansel Tandogan 149
Chapter 10 Tests of Multifactor Asset Pricing Models in Asian Stock Markets
Dazhi Zheng, Thomas C. Chiang and Edward Nelling 165
Chapter 11 Tunisian Revolution and Herd Behavior: Empirical Evidence from the Tunisia Stock Exchange
Ahmed Bouteska 185
Part IV Global financing for firms and financial inclusion
Chapter 12 A Theory of Domestic and International Trade Finance
JaeBin Ahn 203
Chapter 13 The Impact of CEO and Firm-specific Characteristics on Capital Structure: Evidence from Romanian Firms
Ştefan Cristian Gherghina, Georgeta Vintilă and Diana Alexandra Toader 231
Chapter 14 Optimal Financial Inclusion
Peterson K. Ozili 251
Chapter 15 Social Inclusion and Sustainable Economic Development: Evidence from EU Economies
Iustina Alina Boitan and Emilia Mioara Câmpeanu 261
Index 279

List of Contributors

JaeBin Ahn Graduate School of International Studies, Seoul National University, Korea
Hilal Merve Alagoz Department of International Trade and Business, Faculty of Social Sciences and Humanities, Konya Food and Agriculture University, Turkey
Iustina Alina Boitan Faculty of Finance and Banking, Bucharest University of Economic Studies, Romania
Ahmed Bouteska Faculty of Economics and Management of Tunis, Tunis El Manar University, Tunisia
Emilia Mioara Câmpeanu Faculty of Finance and Banking, Bucharest University of Economic Studies, Romania
Hongyi Chen Hong Kong Institute for Monetary and Financial Research, The Hong Kong Academy of Finance, Hong Kong
Jianghui Chen The Chinese University of Hong Kong, Hong Kong
Thomas C. Chiang Department of Finance, Bennett S. LeBow College of Business, Drexel University, USA
Stefan Cristian Gherghina Department of Finance, Bucharest University of Economic Studies, Romania
Gaofeng Han Hong Kong Institute for Monetary and Financial Research, The Hong Kong Academy of Finance, Hong Kong
Bang Nam Jeon School of Economics, Bennett S. LeBow College of Business, Drexel University, USA
Ihsan Erdem Kayral Department of Economics, Faculty of Social Sciences and Humanities, Konya Food and Agriculture University, Turkey
Oskar Kowalewski IESEG School of Management and LEM-CNRS 9221, France; Institute of Economics, Polish Academy of Sciences, Poland
Junkyu Lee Asian Development Bank, Sustainable Development and Climate Change Department, Philippines
Hosung Lim Economic Research Institute, Bank of Korea, Korea
Yuki Masujima Bloomberg Economics, Bloomberg L.P., Japan
Edward Nelling Department of Finance, Bennett S. LeBow College of Business, Drexel University, USA
Peterson K. Ozili Central Bank of Nigeria, Nigeria
Peter Rosenkranz Asian Development Bank, Economic Research and Regional Cooperation Department, Philippines
Ekaterina Serbina The Centre for Chinese Economy and Social Studies, The Institute of Far Eastern Studies, The Russian Academy of Science, Russia
Nisa Sansel Tandogan Department of Economics, Faculty of Social Sciences and Humanities, Konya Food and Agriculture University, Turkey
Diana Alexandra Toader Department of Finance, Bucharest University of Economic Studies, Romania
Georgeta Vintilă Department of Finance, Bucharest University of Economic Studies, Romania
Ji Wu Research Institute of Economics and Management, Southwestern University of Finance and Economics, China
Dazhi Zheng Economics and Finance Department, West Chester University, USA
Prelims
Part I : An Overview
Chapter 1: Emerging Market Finance: New Challenges and Opportunities
Part II : Global Banking Activity, Risk, and Contagion
Chapter 2: Do Foreign Bank Branches Affect Lending of Foreign- and State-owned Banks? Empirical Evidence from CESEE Countries
Chapter 3: Nonperforming Loans in Asia: Determinants and Macrofinancial Linkages
Chapter 4: Corporate Default Risk and Loan Pricing Behavior in China
Chapter 5: Chinese Banks in Russia: Market Expansion Strategies and New Opportunities
Chapter 6: Global Shock and Foreign Bank Lending: Choice of Home and Local Currency Loans in Indonesia
Chapter 7: Spillover Effects of Global MonetaRy Shocks on Foreign Banks: Evidence from an Emerging Economy
Part III : Stock Market Behavior in Emerging Economies
Chapter 8: Global Stock Market Prices Response to Uncertainty Changes in US Monetary and Fiscal Policies
Chapter 9: The Asymmetry Effect and Volatility Persistence in Stock Market Returns: Evidence from Brazil, China, Mexico and Turkey
Chapter 10: Tests of Multifactor Asset Pricing Models in Asian Stock Markets
Chapter 11: Tunisian Revolution and Herd Behavior: Empirical Evidence from the Tunisia Stock Exchange
Part IV : Global financing for firms and financial inclusion
Chapter 12: A Theory of Domestic and International Trade Finance
Chapter 13: The Impact of CEO and Firm-Specific Characteristics on Capital Structure: Evidence from Romanian Firms
Chapter 14: Optimal Financial Inclusion
Chapter 15: Social Inclusion and Sustainable Economic Development: Evidence from EU Economies
Index