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This paper focuses on execution costs as liquidity measure. Execution costs are related to volatility and are an important component of a firm’s cost of capital. The purpose of this paper is to examine whether emerging market firms have lower execution costs when they face less restrictions on foreign investment and when they have more foreign shareholders.

The authors begin by documenting the cross-sectional behavior of execution costs. The authors then obtain preliminary evidence on the interaction between execution costs, the investability index and actual foreign investment. These results foreshadow those the authors obtain with the regression analysis. The ordinary least square results show that more investable firms have lower execution costs after the authors control for firm size, stock price, return volatility, industry effects and country effects. This evidence is very robust and highly significant. Direct foreign ownership (FO) in emerging market firms also appear to be associated with lower execution costs. The economic benefit from lowering the investability index on trade execution costs is highly significant.

Using a large cross-sectional sample from 23 emerging markets, the authors show that firms with more ex ante restrictions on FO, measured by the investability index, have lower execution costs, such as quoted spreads (QS) and effective spreads (ES), after the authors control for firm size, stock price, return volatility, industry factors and country effects. In addition, direct FO in emerging market firms appears to be associated with lower execution costs. However, ex ante restrictions on FO dominate the influence of direct FO. For a 0.5 increase in the investability index in the range of 0–1, the QS will be reduced by 17 percent of the mean QS, and the ES will be reduced by 12 percent of the mean ES from the sample stocks.

There are important differences between the approach and most of the financial liberalization studies. First, whereas most of the earlier studies are conducted at the level of country or market analysis, the investigation is at the level of individual stocks. Second, the authors focus on a cross-sectional association that avoids a criticism leveled at time series analyses. Over-time studies often use specific time points to represent financial liberalization watersheds. This approach can be misleading when financial liberalizations are viewed as processes that unfold over time. Third, the proxies for financial openness are available not only for individual firms across markets, but the authors also make a distinction between potential and actual foreign investment. The authors further categorize actual foreign investment into direct and indirect FO.

In addition to quantitative analysis, the purpose of this paper is to measure the quality of articles published in foreign LIS journals by Pakistani authors based on their Impact Factor (IF) scores reported in the Journal Citation Reports (JCR) of 2010; also to discuss the significance and implications of this study for the current and potential authors in Pakistan and other developing countries.

The data for this study were collected from two sets of sources: first, online sources of Google Scholar, LISA, LISTA, an online 50‐year cumulative index of Pakistani LIS literature, and web pages of several authors; and second, printed indexes and bibliographies. The data collected were manually entered into MS Excel for tabulation and created nine tables, which formed the basis of discussion in the paper.

The contribution of Pakistani authors to foreign LIS journals is reasonable in number and below average in quality, according to the JCR IF scores. The authorship patterns show that there is a shift from single‐authorship to collaborative authorship. The contribution of academics is several times higher than that of library practitioners. Likewise the non‐resident Pakistani authors' share in the global LIS literature is much larger as compared to their counterparts living in Pakistan.

This is the first study that evaluates the quality of Pakistani LIS literature using the more popular journal ranking method, JCR IF. The results of this study are expected to have a positive impact on Pakistani authors as they start preparing articles according to the quality requirements of JCR‐ranked journals in the future.

This paper investigates a retrospective on the Journal of Derivatives and Quantitative Studies (JDQS) on its 30th anniversary based on bibliometric. JDQSs yearly publications, citations, impact factors, and centrality indices grew up in early 2010s, and diminished in 2020. Keyword network analysis reveals the JDQS's main keywords including behavioral finance, implied volatility, information asymmetry, price discovery, KOSPI200 futures, volatility, and KOSPI200 options. Citations of JDQS articles are mainly driven by article age, demeaned age squared, conference, nonacademic authors and language. In comparison between number of views and downloads for JDQS articles, we find that recent changes in publisher and editorial and publishing policies have increased visibility of JDQS.

The purpose of this paper is to investigate the effects of different kinds of merger and acquisitions (M&As) on domestic industries’ productivity in the form of technological change (TC) and efficiency change (EC) in the Brazilian extracting and processing industries.

Panel data analysis is employed to test the impact of different kinds of M&As spillovers on each component of productivity growth. The database contains data collected from 2007 to 2011 referring to the Brazilian industries. The estimation procedure involves two stages. The first stage decomposes TFP growth into EC and TC using a input-based Malmquist Productivity Index. In the second step, EC and TC indexes are used interchangeably as a dependent variable in panel data regressions on the M&As-spillover variables.

The results indicate a positive relationship between TC and M&As made by Brazilian majority capital acquiring foreign-held capital from a company established abroad, which is consistent with reverse spillover theory. They also suggest an inverse relationship between TC and M&A operations made by companies with foreign majority capital acquiring both Brazilian-held capital and foreign-held capital from a company established in Brazil. Only the sectors that are capable of increasing their productivity via TC are able to benefit from technology transfer.

This study is limited by the extent of data aggregation applied, which did not identify M&A transaction effects at the firm level. The available data do not allow isolating the effects of M&A processes on industry performance, given the co-occurrence of several factors that affect the performance of the industry. The study results imply that public managers must remain cognizant of the critical need to preserve and maximize competition between foreign and domestic firms while promoting a competitive environment that encourages the development of domestic technological capacities and skilled human capital.

M&A processes raise important issues with respect to organizational decisions and industrial policy. Studies of M&A transactions may be of fundamental importance to the expansion of healthy companies as they evolve through successive stages of growth and development. Liberalizing regulations to promote M&A transactions, and corporate market control is only justified if it promotes social welfare and economic development. Understanding the complexity and dynamics of this phenomenon and appreciating the heterogeneity of possible outcomes can lead to more relevant discussion regarding their contributions.

Results found in this study indicate the need for greater efforts to understand how M&A operations, especially those associated to foreign-held capital, interact with local owned enterprises in developing economies and what benefits can be achieved through public policy. M&A operations need to be well evaluated by considering the kinds and intensities of externalities they might generate, whether and how local firms can potentially internalize those gains, building up absorptive capacities in order to achieve productivity spillover gains.

This study not only offers a more accurate understanding of the diverse nature and effects of M&A operations, but also stimulates a more relevant public policy discussion related to both foreign direct investment and OFDI incentives in Brazil. The growing economic importance of the activities of developing emerging countries’ multinational enterprises is making governments more inclined to re-evaluate their political strategies. Indeed, governments are beginning to recognize that markets need to be created, monitored and nurtured.

In the era of the digital economy, higher demands are placed on versatile talents, and the cultivation of students with innovative and entrepreneurial abilities has become an important issue for the further development of higher education, thus leading to extensive and in-depth research by many scholars. The study summarizes the characteristics and patterns of dual-innovation education at different stages of development, hoping to provide a systematic model for the development of dual-innovation education in China and make up for the shortcomings.

This paper uses Citespace software to visualize and analyze the relevant literature in CNKI and Web of Science databases from a bibliometric perspective, focusing on quantitative analysis in terms of article trends, topic clustering, keyword co-linear networks and topic time evolution, etc., to summarize and sort out the development of innovation and entrepreneurship education research at home and abroad.

The study found that the external characteristics of the literature published in the field of bi-innovation education in China and abroad are slightly different, mainly in that foreign publishers are more closely connected and have formed a more stable ecosystem. In terms of research hotspots, China is still in a critical period of reforming its curriculum and teaching model, and research on the integration of specialization and creative education is in full swing, while foreign countries focus more on the cultivation of students' entrepreneurial awareness and the enhancement of individual effectiveness. In terms of cutting-edge analysis, the main research directions in China are “creative education”, “new engineering”, “integration of industry and education” and “rural revitalization”.

Innovation and entrepreneurship education in China is still in its infancy, and most of the studies lack an overall overview and comparison of foreign studies. Based on the econometric analysis of domestic and foreign literature, this paper proposes a path for domestic innovation and entrepreneurship education reform that can make China's future education reform more effective.

This paper aims to contribute to research on corporate governance in regulated sectors, with emphasis in the field of activity of foreign investors through the ownership structure and legal system that regulates companies in Brazil.

In the first moment, the investigation had a quantitative approach of relational nature. Based on the data about the valuation of actions, statistical methods were applied to a secondary database containing measurable information provided by the organizations that operate the Brazilian stock-market and documentary evidence provided by the companies. In the second moment, a qualitative approach was adopted, resorting on the use of semi-structured interviews with investors and agents of the sector.

The results lead to two paths: presenting the perspective that foreign investors play a key role in improving governance practices because foreign ownership mitigates agency problems, provides adequate follow-up and optimizes the use of corporate resources; and evidencing the existence of a mitigation of operational risks in the face of the various obligations imposed by the concession contract with the regulatory agency, without direct interference under the ownership structure of regulated companies.

The literature portrays a distinct economic scenario in Brazil, where stock control is pulverized and mechanisms of corporate governance and scope of action of investors and regulated sectors are well-defined and implemented.

A great part of the studies from this field discusses the same object: the impact of the adoption of corporate governance mechanisms on selected efficiency indicators or on the value of the companies' actions. This investigation, on the other hand, targeted a differentiated approach so that its contribution would lie in the investigation under the influence of the regulation on the legal attributions and the performance of the investors how many conflicts between the other shareholder/regulatory body, as the control measures import by the regulatory agent the concessionaires of the Brazilian highways and transportation sector.

The identification of the presence of foreign investors as a determinant for: better performance of companies in Brazilian regulated sector in terms of market valuation; better mitigation of requirements with the regulatory framework for the agencies that regulate the concession sector, targeting a reduction in the asymmetry of information and transparency among all stakeholders.

The fact that Brazil is an emerging country that lacks a rigid legal system and corruption-control measures in corporate environments and public sectors, stresses the importance of the application of the “Best Codes of Corporate Governance Practices” in the main developed countries. This also stresses the need for effective supervisory bodies that contribute to a better financial performance of companies, guaranteeing investors the legal system.

There is no particularly efficient way to measure research output, but effectual assessment of research output is necessary to motivate and encourage researchers to enhance their research performance and disseminate knowledge. The purpose of this paper is to highlight the exacerbating pressure on Indian academics to deliver incessantly in terms of research output and identify an agreeable way to increase research output. The metric explores trends in management publications by Indian academics and presents an overview of collaborative practices by Indian management researchers that could shine a light on the trends of collaborative publishing future.

The study focuses on publications in the area of Business and Management. Scopus was used with advanced filters to draw relevant research papers. Data were then sorted and filtered on the basis of quality determined through Australian Business Deans Council rankings and diverse bibliometric information to understand the pattern of research output of Indian academics.

The research found that the rate of collaboration with researchers from the home country is low for top rated publications. Majority of publications were listed in Scopus indexed journals, whereas a handful featured in A and A* journals. A and A* journals were predominantly co-authored with academics from universities outside the country. Tradeoff was achieved by majority of authors by getting published in B, followed by C category journals to achieve research outputs.

The study is limited to publications in the area of Business and Management and may be extended to other disciplines such as economics, engineering, law, medical sciences, etc., to understand publishing trends at universities in the country. The study can also be conducted in understanding a similar dilemma with academics at other countries that are evolving in research culture.

The study would help management researchers to dig deep into the root cause and understand why and how collaborations within and outside the country impact the quality of publications. The results would further encourage ranking agencies to award suitable grades to colleges that promote collaboration within the country as well as international collaboration. The study also conducts a benchmarking exercise of the institutions in the country that would be useful for researchers, journals and colleges.

While earlier studies have highlighted the importance of foreign collaborations in academic publishing, there are a handful of studies that have focused on the role of collaboration within the home country. The practice of Indian authors collaborating with Indian counterparts at other universities would help understand the expertise of researchers at different universities and encourage the collaboration process and quality of publications in the country.

Selected volumes of the Pakistan Development Review (PDR) and the Pakistan Economic and Social Review (PESR) were analysed to find the citation pattern of their articles. Eight volumes of each journal were selected, two volumes representing a decade. The results revealed that the PDR has been the most cited journal. The mean score of citations per article remained insignificantly different in the two core journals. More than 50 per cent of the citations from both journals were single‐authored. More than 50 per cent of the citations were from non‐journal sources, mainly books. Although citations from online sources were seen, it was a negligible number. About 47 per cent of the total citations of the PDR were up to five years old compared with the citations of the PESR, where only 25 per cent fell into this category. Most of the authors used foreign books as citations. There is a significant similarity in the top most cited journals in both cases. Most of the frequently cited journals were from the USA.

Some reference books are not only useful but a pleasure to read. For anyone interested in literature, the outstanding example is the Wilson Authors Series, which, for over fifty years, has provided excellent summaries of the lives and works of critically acclaimed or popular writers known to English‐speaking readers. Through their coverage of minor writers and inclusion of the autobiographical statements of many twentieth‐century writers, these volumes have constituted a valuable record of the literary scene. Despite the proliferation of literary reference works in recent years, some covering more authors, others providing lengthier articles, the Wilson series has remained a cornerstone of the reference collections of libraries of all sizes and a model of concise biographical writing.

This paper aims to investigate the development of accounting academia in an emerging country situated in Central and Eastern Europe.

First, the authors analyze publications in the main three local Romanian journals dedicated to accounting, using content analysis and statistical tests in line with the issues analyzed for accounting publications in the international literature. Second, they mobilize personal experience of, and observations of local developments by, the authors.

The authors find that the decision of establishing a national journal ranking system in Romania in 2005 had both positive and negative consequences. Romanian accounting academics were asked after 2005 to focus on a very short notice on writing research papers, following a long period of communism and about 15 years of post-communism during which they wrote textbooks and professional papers. Journal and university rankings therefore influenced the publication behavior of such researchers, leading to searches for efficiency, ease of publications, publications outside accounting as well as to a difficult publication of their research outcome by internationally relevant accounting journals.

Publications in the three Romanian accounting journals for one year were analyzed and the personal experience of the authors mobilized. However, following this study, university administrators and national regulators can better ascertain the effect of their actions, and use these findings to better plan their future actions.

This paper contributes to accounting research literature by offering insights into the current state of accounting research and publication in an emerging economy (Romania), and by investigating the institutional factors that may be responsible for this state of affairs.