International Journal of Emerging Markets: Volume 18 Issue 9


Table of contents

Family influence on career decisions: perceptions of Latin American CEOs

Maria Rita Blanco, Mariela N. Golik

The career is a space where family and work lives amalgamate. The role of work for the individual, and the meaning of work within the culture, will determine the relevance of…

FDI inflow, ICT and economic performance of India: an empirical investigation

Suryakanta Nayak, Dukhabandhu Sahoo

The aim of this study is to examine the impact of foreign direct investment (FDI) inflow and information and communication technology (ICT) on the economic performance of India by…

Impact of economic and market factors on the market liquidity timing ability of mutual fund managers in Turkey

Hale Yalcin, Sema Dube

The authors examine whether Turkish fund managers employ liquidity timing along with market return timing, and if additional economic and market factors could affect their timing…

How does Buddhism affect corporate cash holdings?

Yaoqin Li, Xichan Chen, Wanli Li, Xixiong Xu

This study explores whether and how Buddhism impacts corporate cash holdings. Buddhist culture affects investors' perception of how cash is deployed and then influences corporate…

Good and bad high-frequency volatility spillovers among developed and emerging stock markets

Walid Mensi, Ramzi Nekhili, Xuan Vinh Vo, Sang Hoon Kang

This paper examines dynamic return spillovers and connectedness networks among international stock exchange markets. The authors account for asymmetry by distinguishing between…

Assessing the impact of COVID-19 on the valuation of Indian companies using a financial model

Pitabas Mohanty, Supriti Mishra

Fear grips stock markets when a pandemic like COVID-19 strikes, severely affecting stock prices. However, fundamental value drivers of companies do not change drastically during…

Unexpected investment, tunnelling and financial constraints

Le Hong Ngoc Ha, An Thai

Based on a sample of 1,435 Vietnamese listed firms over the period from 2005 to 2017, this study examines the sensitivity of unexpected investment to free cash flow and its…

Coopetition in social entrepreneurship: a strategy for social value devolution

Leandro da Silva Nascimento, Júlio César da Costa Júnior, Viviane Santos Salazar, Adriana Fumi Chim-Miki

Coopetition is a well-studied phenomenon in traditional enterprises. However, it lacks deepening in the social sphere, specifically on hybrid organizations (social and commercial…

The impact of organizational practices on formation and development of psychological contract: expatriates' perception-based view

Hafsa Bashir, Bashir Ahmad, Muhammad Waseem Bari, Qurat Ul Ain Khan

Based on signaling and motivation theories, this study investigates the impact of organizational practices on the formation and development of expatriates' psychological contracts…

Diversity and consumer dispositions towards foreign countries in an emerging market

Aybegüm Güngördü Belbağ

The current study builds on social identity theory and realistic conflict theory aims to identify the relationships amongst consumers' ethnocentrism, animosity, discomfort with…

The emergence of family entrepreneurship in the transition economy of Cuba

Eli Gimmon, Christian Felzensztein

To better understand the emergence of small-scale entrepreneurial firms in the under-researched transition economy of Cuba.

Effect of advertising expenditures on analyst coverage: evidence from an emerging market

Omar Farooq, Harit Satt, Fatimazahra Bendriouch

This paper aims to document the relationship between advertising expenditures and analyst coverage in a sample of Indian firms during the period between 2000 and 2019.

Understanding message (de)coding in multi-lingual slogans: industrial perspectives from Turkey and Russia

Betül Çal, Tahire Hüseyinli

The main goal of the study is to investigate how same-brand slogans simultaneously in use in two emerging markets, namely Turkey and Russia, differ semantically. The study further…

Influence of consumer cosmopolitanism on purchase intention of foreign vs local brands: a developing country perspective

Ankur Srivastava, Nitin Gupta, Nripendra P. Rana

This study investigates the role of consumer cosmopolitanism on consumer attitudes and purchase intentions (PIs) towards foreign and local brands.


State ownership and value of cash: new evidence from an emerging market

Quoc Trung Tran

The purpose of this paper is to examine how state ownership influences value of cash in an institutional environment supporting soft-budget constraint.

Revisiting the contingency theory: dissection of entrepreneurial orientation elements in retail franchisee performance

Samantha Naidu, Gurmeet Singh, Jashwini Narayan

This study aims to analyze how various contingencies within the contingency theory influence the entrepreneurial orientation (EO) elements and performance of retail franchisees in…

What effect did the Green Credit Policy have on China's energy or emission intensive firms?

Qin Zhang, Li Xu, Keying Wang, Xunpeng Shi

The role of energy or emission intensive firms face contradictory demands from advancing economic development and environmental improvement and protection and thus require…

Dynamic capability of the firm: analysis of the impact of internationalisation on SME performance in an emerging economy

Mahfuzur Rahman, Dieu Hack-Polay, Sujana Shafique, Paul Agu Igwe

Internationalisation is considered as a key strategy for the growth of Small and Medium Enterprises (SMEs). The purpose of this paper is to examine the relationship between…


Does intellectual capital and corporate governance have an impact on annual report readability? Evidence from an emerging market

Tamanna Dalwai, Syeeda Shafiya Mohammadi, Gaitri Chugh, Mahdi Salehi

This study examines the impact of intellectual capital efficiency and corporate governance mechanisms on the annual report readability of Oman's financial sector companies.


Barriers to corporate social responsibility: an Indian SME perspective

Sushil Kumar Dixit, Samant Shant Priya

Small and medium enterprises (SMEs) across the world are generally found to have a limited interest in wider social issues. SMEs face many barriers in operating in a socially…

An investigation of employee perception of micro-corporate social responsibility and societal behavior: a moderated-mediated model

Appel Mahmud, Donghong Ding, Zulqurnain Ali

The micro-level research investigating employees' attitudinal, behavioral and psychological reactions to corporate social responsibility (CSR) has recently been expanded within…

Executive directors' pay-performance link and board diversity: evidence from high free cash flow and low-growth firms

Chwee Ming Tee

The purpose of this study is to examine whether board diversity can attenuate weaker executive directors' pay-performance link in high free cash flow and low-growth firms…

Host country corruption and headquarters-subsidiary relationships in emerging economies

Muhammad Shujaat Mubarik, Miao Miao, Muhammad Faraz Mubarak, Syed Imran Zaman, Syed Hasnain Alam Kazmi, Navaz Naghavi

The primary objective of this study is to investigate the impact of a host country's corruption on the autonomy of a foreign subsidiary from a country with lower tolerance for…

Central bank's communication and markets' reactions: Polish evidence

Janusz Brzeszczyński, Jerzy Gajdka, Tomasz Schabek, Ali M Kutan

This study contributes to the pool of knowledge about the impact of monetary policy communication of central banks on financial instruments' prices and assets' value in emerging…

Inclusive growth in Africa: are Chinese investment and local industry participation compatible?

Emmanuel T. Kodzi Jr

This paper aims to explore whether increasing Chinese foreign direct investment (FDI) is associated with rising contributions of local industry in African countries connected to…


Does foreign direct investment influence R&D activity in the host country? Evidence from Vietnam

Van Ha, Mark J. Holmes, Gazi Hassan

This study focuses on the linkages between foreign direct investment and the research and development (R&D) and innovation activity of domestic enterprises in Vietnam.

Do innovations improve firm performance in the Indian manufacturing sector? A mediation and synergy effect analysis

Farha Fatema, Mohammad Monirul Islam

This study examines the effects of both technological and non-technological innovations on the overall performance of Indian manufacturing firms, and identifies the mediation and…

Do macroeconomic conditions affect corporate cash holdings and cash adjustment dynamics? Evidence from GCC countries

Moncef Guizani, Ahdi Noomen Ajmi

This study aims to investigate the influence of macroeconomic conditions on corporate cash holdings in terms of their influence on the level of cash and the speed of adjustment of…

“Reluctant stayers do not get what they want”: the relationship between procedural injustice and workplace incivility

Riann Singh

Research has explored the behavioural responses of reluctant stayers to various organisational perceptions. This study extends current research to explain how employees who…

The relationship between cross-border acquisitions and R&D investments by Indian firms – substituting or complementing

Ajay Kumar Singal, Faisal Mohammad Ahsan

Emerging economy firms seek strategic assets through cross-border acquisitions (CBAs) to upgrade their capabilities. The paper explores the relation between emerging economy…

Antecedents and consequences of consumers' attitudes toward product placements: evidence from India

Ravineet Kaur, Rakesh Kumar Sharma, Apurva Bakshi

Advertising clutter has fueled the rise of nontraditional advertising methods. The current study, conducted in India, adopted the consumer socialization framework to assess…

Does asymmetric information affect firm's financing decisions?

Muhammad Munir Ahmad, Ahmed Imran Hunjra, Faridul Islam, Qasim Zureigat

The authors examine the impact of asymmetric information on firm's financing decisions, the feedback effect of changes in capital structure on the level of asymmetric information…

Why and how do individual entrepreneurs use digital channels in an emerging market? Determinants of use and channel coordination

Moez Bellaaj

Many studies have examined the use of social media by either customers or firms, especially in developed markets. However, little is known about why young individual entrepreneurs…


What inhibits consumers in emerging countries from engaging in status consumption? A latent class conjoint analysis approach

A.R.S. Ibn Ali, Wirawan Dony Dahana

This paper aims to address how the status consumption tendency of consumers in emerging markets is negatively influenced by five individual traits: self-control…

Analysis of global economic policy uncertainty and export flows for emerging markets with panel VAR modeling

Çağlayan Aslan, Senay Acikgoz

The purpose of this paper to examine how global economic policy uncertainty (GEPU) affects export flows of emerging market economies.

Value-added intellectual capital and productive efficiencies: evidence from Taiwan listed electronics companies

Irene Wei Kiong Ting, Wen-Min Lu, Qian Long Kweh, Chunya Ren

This study examines the effect of value-added (VA) intellectual capital on business performance from the perspective of productive efficiency, which is derived from its main…

Conflicts, trust toward the acquirer from emerging economies and post-acquisition cooperation intention

Xun Zhang, Jun Wu, Ning Zhang, Biao Xu

The purpose of this paper is to examine the impact of inter-group conflicts on the trust toward the acquirer and then further on cooperation intention after acquisitions in…

Impact of environmental management practices on corporate sustainability: evidence from the Maldives hospitality industry

Anitha Moosa, Feng He

This paper aims to explore how environmental management practices impact different dimensions of corporate sustainability. It also explores the mediating impact of environmental…

Capital structure and political connections: evidence from GCC banks and the financial crisis

Fatma Ahmed, David G. McMillan

This paper investigates the effect of political connections on the capital structure of banks before and after the financial crisis in Gulf Cooperation Council (GCC) countries.

Do participants in the bond market care about corporate social responsibility? Evidence from China

Jun Hu, Wenbin Long, Yu Wang, Linzi Zhou

Using a sample of listed Chinese companies that issued bonds from 2010 to 2019, the authors empirically test the link between CSR and corporate bond pricing, and the mechanism and…

International strategies of Chinese tourism MNEs: the impact of the belt and Road Initiative and state ownership

Diego Quer, Rosario Andreu

The Belt and Road Initiative (BRI), an ambitious plan led by the Chinese government aiming to reach a close integration between countries, is reshaping the global institutional…

The use and knowledge of export promotion programs in the early internationalization of Brazilian SMEs

Marcelo André Machado, Viviane Bischoff

This paper aimed to evaluate the differences in the use and knowledge of export promotion programs (EPPs) between Brazilian SMEs that internationalized early and SMEs that…

Customer participation in service innovation using SNS smartphone apps: an investigation of the Indian hotel service industry

Bijoylaxmi Sarmah, Yupal Shukla, Ravi Chatterjee, Shampy Kamboj

Existing research lacks a comprehensive understanding of the individual factors that may transform an “ordinary” customer into an active participator in the service innovation…

Poverty prevalence and negative spillovers in Sub-Saharan Africa: a focus on extreme and multidimensional poverty in the region

Olumide Olaoye, Cleopatra Oluseye Ibukun, Mustafa Razzak, Naftaly Mose

The paper analyses the prevalence of extreme and multidimensional poverty in line with the sustainable development agenda. In addition, the paper examines the drivers of extreme…

Agency perspective in Islamic political treatises: implications for contemporary management research

Semih Ceyhan, Mehmet Barca

Classical assumptions of agency theory (AT) fall short of providing satisfactory answers to modern management and organizational knowledge (MOK) problems, and there is a need for…

The evolving passage of consumer ethics research: a systematic literature review

Syed Masroor Hassan, Zillur Rahman

As a crucial counter-equivalent to business ethics, consumer ethics has emerged as a promising research domain for practitioners and academicians alike. Despite its pertinence for…


Effect of open-mindedness and humble behavior on innovation: mediator role of learning

Hadi Al-Abrrow, Akram Sami Fayez, Hasan Abdullah, Khai Wah Khaw, Alhamzah Alnoor, Gadaf Rexhepi

This study examines the effect of open-mindedness (OM) and humble behavior on innovation through the mediator role of learning.

Managerial ability, earnings quality and ISIS: evidence from Iraq

Ameneh Bazrafshan, Naser Makarem, Reza Hesarzadeh, Wafaa SalmanAbbood

This study investigates the association between managerial ability and earnings quality in firms listed on the Iraq Stock Exchange and how the emergence of the Islamic State of…

Determinants of stock market reaction to cross-border acquisitions: evidence from emerging economies

Samta Jain, Smita Kashiramka, P. K. Jain

The global economy has witnessed an exponential increase in cross-border acquisitions (CBAs) by emerging market companies (EMCs), demanding a relook at their internationalization…

Exploration of dissonance segments among fashion apparel consumers: Evidence from a developing nation

Mohit Jamwal, Sita Mishra

The purpose of this paper is to examine the existence and profile consumer segments based on dissonance in Indian apparel fashion retail market.

Symmetric and asymmetric adjustment of bank deposit interest rates: empirical evidence from Kenya

Moses Nzuki Nyangu, Freshia Wangari Waweru, Nyankomo Marwa

This paper examines the sluggish adjustment of deposit interest rate categories with response to policy rate changes in a developing economy.

The impact of board composition and ownership structure on dividend payout policy: evidence from Saudi Arabia

Helmi A. Boshnak

This study examines the impact of board composition and ownership structure variables on dividend payout policy in Saudi Arabian firms. In particular, it aims to determine the…


Club convergence and drivers of house prices across Turkish cities

Lokman Gunduz, Mustafa Kemal Yilmaz

This paper aims to examine the convergence pattern of residential house prices in a panel of 55 major cities in Turkey over the period between 2010 and 2018 and to investigate the…

Does investor sentiment differently affect stocks in different sectors? Evidence from China

Hongli Niu, Yao Lu, Weiqing Wang

This paper aims to investigate the dynamic relationship between the investor sentiment and the return of various sectors in the Chinese stock market.

On the foreign direct investment–economic growth relationship in Africa: does economic freedom mediate this relationship?

Olufemi Adewale Aluko, Muazu Ibrahim, Xuan Vinh Vo

In this study, the authors examine how economic freedom mediates the impact of foreign direct investment (FDI) on economic growth in Africa.

Psychological empowerment and employees' creativity in Vietnam telecommunications enterprises: the mediating role of creative process engagement and intrinsic motivation

Thi Phuong Linh Nguyen, Hau Xuan Doan

The objective of this study is to investigate the relationship between psychological empowerment and employee creativity with the mediating role of creative process engagement and…

Systems approach to cloud computing adoption in an emerging economy

Mahak Sharma, Ruchita Gupta, Padmanav Acharya, Karuna Jain

Cloud computing (CC) services have given a tremendous boost to the creation of efficient and effective solutions. With developing countries at a slow pace of adoption, this…

Toward the inter-channel synergy renaissance in emerging markets: evidence from adding clicks to bricks in Serbia

Dragan Stojković, Aleksa Dokić, Bozidar Vlacic, Susana Costa e Silva

Newly established intersections between offline and online channels create room for enhancing inter-channel synergies. The nature and structure of emerging markets only further…

Determinants of frugal innovation for firms in emerging markets: the roles of leadership, knowledge sharing and collaborative culture

Phong Ba Le

Due to the vital role of frugal innovation (FI) for firms in developing and emerging economies, the purpose of this study is to investigate the effect of transformational…

Foreign ownership, state ownership and cash holdings under the global financial crisis: evidence from the emerging market of Vietnam

Quynh Nga Nguyen Thi, Quoc Trung Tran, Hong Phat Doan

This paper investigates how the global financial crisis changes the effects of state ownership and foreign ownership on corporate cash holdings in an emerging market.

Cover of International Journal of Emerging Markets



Online date, start – end:


Copyright Holder:

Emerald Publishing Limited

Open Access:



  • Prof Ilan Alon