Emerging Markets Finance and Trade最新文献

{"title":"Does Independence of Board Committees Enhance Corporate Performance? The Case of Russia","authors":"Marina Zavertiaeva, Evgeniya Shenkman, Ekaterina Kazarina","doi":"10.1080/1540496x.2023.2278649","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2278649","url":null,"abstract":"This article analyzes the service of independent directors on audit, compensation, nomination, and strategy committees as a driver of book- and market-based performance using a sample of 77 Russian...","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"164 12","pages":""},"PeriodicalIF":4.0,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138524320","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Influence of Financial Support on Regional Innovation Across Different Phases of the COVID-19 Pandemic","authors":"Min Zhang, Xin Jin, Yuanheng Li, Xiaoyi Tang","doi":"10.1080/1540496x.2023.2278654","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2278654","url":null,"abstract":"The financial market and regional innovation have been severely affected by the COVID-19 pandemic. This paper investigates the impact of financial support on regional innovation at different stages...","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"49 1","pages":""},"PeriodicalIF":4.0,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138524328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"When Do Second-Generation Returnees Affect Family Firms’ Entrepreneurial Risk-Taking? The Moderating Role of Managerial Discretion","authors":"Ying Fu, Chien-Chiang Lee, Weiqi Dai, Emma Su","doi":"10.1080/1540496x.2023.2276746","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2276746","url":null,"abstract":"We posit that the dual identities of second-generation returnees present a complex situation regarding their influence on family firms’ entrepreneurial risk-taking (ERT). On one hand, their status ...","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"63 4","pages":""},"PeriodicalIF":4.0,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138524330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Launching Prosocial Crowdfunding Campaigns: The Final Countdown","authors":"Fábio Duarte, Ricardo Emanuel-Correia, Sabrina Tomé, Ana Paula Matias Gama","doi":"10.1080/1540496x.2023.2278645","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2278645","url":null,"abstract":"Prosocial crowdfunding has achieved a growing audience by providing a financing source for entrepreneurs in the microfinance space. Using data from Kiva, a leading prosocial crowdfunding platform, ...","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"84 1","pages":""},"PeriodicalIF":4.0,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138524331","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Investor Sentiment, Financing Constraints, and Earnings Persistence","authors":"Chunhui You, Jing Wang","doi":"10.1080/1540496x.2023.2284307","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2284307","url":null,"abstract":"Based on the background of investor sentiment volatility in the capital market, this article empirically examines the relationship between investor sentiment and corporate earnings persistence and ...","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"24 11","pages":""},"PeriodicalIF":4.0,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138524319","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Assessing the Effects of Macroprudential Policy on the Indian Macroeconomy","authors":"Sanjiv Kumar, K.P. Prabheesh","doi":"10.1080/1540496x.2023.2278643","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2278643","url":null,"abstract":"This study examines the impact of macroprudential policy (MaPP) on macroeconomic conditions. Using data from 2004–2005 to 2019–2020, this study finds that increased use of MaPP is associated with h...","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"1 2","pages":""},"PeriodicalIF":4.0,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138524329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Empirical Analysis of the “China‒US factor” in Stock Market Linkages","authors":"Huai Qian, Bingkun Yang, Weihua Huang","doi":"10.1080/1540496x.2023.2273514","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2273514","url":null,"abstract":"","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135870016","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does the Shareholding Proportion of Large Shareholders Affect the Horizontal Organizational Structure? Evidence from Listed Companies in China","authors":"Qianhua Lei, Qiao Zhang, Huili Chen","doi":"10.1080/1540496x.2023.2270136","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2270136","url":null,"abstract":"","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"233 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135870484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effects of Low-Carbon Governance on Energy-Environmental Efficiency: Evidence from China’s Low-Carbon City Pilot Policy","authors":"Kai Tang, Kun Zhang","doi":"10.1080/1540496x.2023.2267735","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2267735","url":null,"abstract":"ABSTRACTEnergy-environmental efficiency directly relates to global climate change and sustainable development. The research applies a staggered DiD design to estimate the effects of low-carbon governance on energy-environmental efficiency via panel data of 284 cities in China. Results show that low-carbon governance significantly improves both unified energy-environmental efficiency and pure energy-environmental efficiency. Heterogeneity analysis reveals that low-carbon governance in central cities has no significant effect on energy-environmental efficiency, while that in peripheral cities can improve energy-environmental efficiency, which indirectly confirms the law of decreasing returns to scale. At the same time, low-carbon governance in both resource-based and non-resource-based cities improves energy-environmental efficiency. However, among resource-based cities, low-carbon governance in growth and mature cities facilitates energy-environmental efficiency, while this effect disappears in declining and regeneration cities. Mechanism tests suggest that low-carbon governance immediately improves energy-environmental efficiency through intensive energy use and carbon emission reduction channels. The intermediate effect channels are mainly driven by fiscal decentralization, industrial structure upgrading, industrial agglomeration, innovation, and marketization, where fiscal decentralization plays a dominant role.KEYWORDS: Climate policylow-carbon governanceenergy-environmental efficiencyEBMJEL: C61Q43R38 AcknowledgmentsWe are grateful to Chun-Ping Chang for his guidance on an earlier version of this article. We are also grateful to the anonymous referees for helpful suggestions. All errors are our own.Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1. According to Montinola, Qian, and Weingast (Citation1995), “Race to the top” denotes that, under a rational fiscal decentralization regime, a portion of independent fiscal rights and responsibilities are devolved for local governments to increase their sensitivity to the demands and preferences of potential competitors, and then to motivate local governments for competitively improving investment efficiency until the top.2. Sustainable development requires that economic activities reduce pollution and greenhouse gas emissions as much as possible. Following Zhang et al. (Citation2020), we consider CO2 and all pollutant emissions as non-desired outputs in order to measure energy environmental efficiency more precisely.3. The four municipalities directly under the central government are Beijing, Shanghai, Tianjin, and Chongqing. Except for Shenzhen, Dalian, Qingdao, Ningbo, and Xiamen, all of the 15 sub-provincial cities are provincial capitals. The 27 provincial capitals include Shijiazhuang, Shenyang, Harbin, Hangzhou, Fuzhou, Jinan, Guangzhou, Wuhan, Chengdu, Kunming, Lanzhou, Taipei, Nanning, Yinchuan, Taiyuan, Changchun, Nanjing, Hefei, Nanchang, Zhengzhou","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136376624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does Private Means Better? A Water and Sanitation Quasi-Experimental Design","authors":"Arthur Dassan, Joelson Oliveira Sampaio, Vinícius Augusto Brunassi Silva, Rodrigo De-Losso","doi":"10.1080/1540496x.2023.2267737","DOIUrl":"https://doi.org/10.1080/1540496x.2023.2267737","url":null,"abstract":"","PeriodicalId":11693,"journal":{"name":"Emerging Markets Finance and Trade","volume":"106 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134907354","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}