Emerging Markets Review最新文献_第2页

Private savings and COVID-19 in Sub-Saharan Africa 撒哈拉以南非洲的私人储蓄与COVID-19

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-18 DOI: 10.1016/j.ememar.2025.101363

Boileau Loko , Nelie Nembot , Marcos Poplawski-Ribeiro

引用次数: 0

How stressed are the banks? An inter-temporal network analysis 银行的压力有多大？跨时间网络分析

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-17 DOI: 10.1016/j.ememar.2025.101369

Pankaj Swain , Abhishek Poddar , Arun Kumar Misra

引用次数: 0

Does inflation targeting live up to all the hype? 通胀目标制是否如其所言？

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-13 DOI: 10.1016/j.ememar.2025.101358

Taniya Ghosh, Yadavindu Ajit

引用次数: 0

On the time-varying behavior of household credit in Brazil 巴西家庭信贷的时变行为研究

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-12 DOI: 10.1016/j.ememar.2025.101366

Paulo Matos , Aline Soares

{"title":"On the time-varying behavior of household credit in Brazil","authors":"Paulo Matos , Aline Soares","doi":"10.1016/j.ememar.2025.101366","DOIUrl":"10.1016/j.ememar.2025.101366","url":null,"abstract":"<div><div>We add to the debate on access to finance by proposing an empirical exercise to address how credit, monetary, and macroeconomic variables can explain the time-specific behavior of the real variation in earmarked and non-earmarked credit issued to households in Brazil. We test an economic model by reconciling Brazil's limited availability of monthly data with the insights from the theoretical model suggested by Rubaszek and Serwa (2014) and the empirical literature applied to emerging markets. First, we estimate a standard Vector Autoregression (VAR) model. To capture the dynamic nature of household credit, we employ a Bayesian Time-Varying Coefficient VAR model (BTVC-VAR). About the messages of this paper, first we provide a methodological contribution because the joint behavior of both types of credit is crucial to understand their dynamics in the sense of a general equilibrium approach. Second, when we compare the standard VAR and BTCV-VAR, we can see how important it is to allow flexibility of parameters since the dynamics seem to have changed over time, from April 2011 to December 2023. We highlight the significant role played by non-earmarked spread, the average term of both types of credit, economic activity (IBC-BR), and the R$/US$ exchange rate. This exercise contributes to the discussion on financial stability and monetary policy and can be replicated for other emerging markets.</div></div>","PeriodicalId":47886,"journal":{"name":"Emerging Markets Review","volume":"69 ","pages":"Article 101366"},"PeriodicalIF":4.6,"publicationDate":"2025-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145105373","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Social disclosure, business groups and firm risk 社会披露、企业集团与企业风险

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-12 DOI: 10.1016/j.ememar.2025.101364

Dhanushika Samarawickrama, Pallab Kumar Biswas, Helen Roberts

引用次数: 0

Credit financing, accounting quality and distress under financial turmoil: Evidence from small partnerships 金融动荡下的信贷融资、会计质量和困境：来自小型合伙企业的证据

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-10 DOI: 10.1016/j.ememar.2025.101368

Panagiotis E. Dimitropoulos

{"title":"Credit financing, accounting quality and distress under financial turmoil: Evidence from small partnerships","authors":"Panagiotis E. Dimitropoulos","doi":"10.1016/j.ememar.2025.101368","DOIUrl":"10.1016/j.ememar.2025.101368","url":null,"abstract":"<div><div>The impact of the recent financial crisis on the financing opportunities and viability of firms has been extensively studied in the literature, with a focus on large, listed corporations. Loss avoidance behavior allows managers to report a more stable income stream, assisting market participants to assess firm prospects. The scope of this study is to examine the impact of loss avoidance and earnings management on the credit financing of small private partnerships within Greece, which is a country that faced a huge backlash on the viability of small businesses. The study collected a sample from 1119 small partnerships which have published abbreviated financial statements over the period 2003–2018. Empirical evidence suggests that firms with higher loss avoidance and discretionary accruals during the sovereign debt crisis period were receiving more credit from their suppliers, a fact that is positively associated with higher viability (lower distress risk). This is the first study in the literature considering loss avoidance behavior and credit financing before and during a debt crisis, within small partnership firms.</div></div>","PeriodicalId":47886,"journal":{"name":"Emerging Markets Review","volume":"69 ","pages":"Article 101368"},"PeriodicalIF":4.6,"publicationDate":"2025-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

House price co-movement and labor migration: Evidence from China 房价联动与劳动力迁移：来自中国的证据

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-08 DOI: 10.1016/j.ememar.2025.101365

Zhengyi Zhou

引用次数: 0

Formal and informal debt in China: Evidence from the 2014 hukou reform 中国的正式和非正式债务：来自2014年户籍改革的证据

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-08 DOI: 10.1016/j.ememar.2025.101367

Lei Xu , Massimiliano Tani , Yu Zhu , Xin Wen

引用次数: 0

Growth-mindset financial education and labor supply of low-income women: An RCT evidence from rural China 成长型金融教育与低收入妇女劳动力供给：来自中国农村地区的随机对照试验证据

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-08 DOI: 10.1016/j.ememar.2025.101361

Yaojing Wang , Cheng Yuan , Jiayu Zhao

引用次数: 0

Investment under anticorruption: Evidence from the high-profile anticorruption campaign in Vietnam 反腐败下的投资：来自越南高调反腐运动的证据

IF 4.6 2区经济学

Emerging Markets Review Pub Date : 2025-09-04 DOI: 10.1016/j.ememar.2025.101360

Huy Viet Hoang , Khanh Hoang , Viet Hoang , Cuong Nguyen

{"title":"Investment under anticorruption: Evidence from the high-profile anticorruption campaign in Vietnam","authors":"Huy Viet Hoang , Khanh Hoang , Viet Hoang , Cuong Nguyen","doi":"10.1016/j.ememar.2025.101360","DOIUrl":"10.1016/j.ememar.2025.101360","url":null,"abstract":"<div><div>Given Vietnam's current anticorruption campaign and its distinctive context of decentralized governance and public sector dominance, this paper investigates how anticorruption efforts affect corporate investment behaviour during 2006 and 2019. Using a novel text-based measure of anticorruption and comprehensive firm-level datasets, we uncover a consistent pattern that firms tend to delay investments in response to heightened uncertainty triggered by anticorruption activities. This strategic hesitation reflects a rational response to avoid potential regulatory and political uncertainty, and holds across a wide range of robustness checks, including alternative model specifications, variable definitions, and advanced estimation techniques such as system GMM and entropy balancing. Our findings also reveal that anticorruption campaigns significantly reduce informal business costs—particularly bribery, thus highlighting institutional improvements and a more transparent business environment. Notably, while public sector investment efficiency improves under the campaign, private firms show no significant efficiency gains, underscoring the asymmetry in how reforms affect different ownership structures. By bridging institutional reform with corporate finance, the study offers new insights into the channels through which anticorruption influences firm decision-making, governance, and political strategy. This research fills a critical gap in the literature, demonstrating that anticorruption is not merely a legal or ethical issue, but a transformative force in corporate investment dynamics.</div></div>","PeriodicalId":47886,"journal":{"name":"Emerging Markets Review","volume":"69 ","pages":"Article 101360"},"PeriodicalIF":4.6,"publicationDate":"2025-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145010535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0