Many studies have recognised the importance of a variety of factors in the internationalisation of firms. Only a few, however, have attempted to integrate these factors into a comprehensive framework. In this study, taking the network approach as its main analytical foundation, …
Existing research demonstrates that corporate financing decisions influence the cash-flow rights and control rights of the securities issued by companies differently and that the same corporate capital structures and/or ownership patterns have diverse effects and aims across cou…
It is well established in the financial economics literature that potential gains from international diversification are generated from the imperfect correlation between national stock market returns. This empirical study explores the factors that impede perfect integration amon…
After an introductory chapter on growth, development, institutions, and transition, this thesis presents three chapters on how institutions, government's policy priorities and policy responses affect economic development. Chapter II explores how various institutions are related …
The field of stock returns and assessing stock returns utilising financial ratios has attracted substantial interest from various stakeholders. In terms of previous research, the role of financial ratios on stock returns has been based on studies in developed markets, with limit…
In late 2008, economies worldwide underwent close to complete economic paralysis in what has now been established as the worst financial crisis since the Great Depression. In response, economic research focused on understanding how a well-developed financial market such as the U…
This work attempts to determine the exchange rate policy objectives of monetary authorities in emerging markets and analyze the instruments used to achieve them. The introductory chapter discusses a wide range of issues related to exchange rate policy, exchange rate regimes, and…
Although international debt has been the long-standing focus of investors and academics, recent developments in emerging markets suggest that domestic debt is a more interesting object of inquiry. This dissertation focuses on the determinants of domestic and foreign borrowing by…
Some emerging markets have been leaders in the world and have grown at a higher rate benefiting from higher Foreign Direct Investments (FDI) by Trans National Corporations (TNCs) and some have been laggards and have not able to attract as much FDI and grow that efficiently. Why …
This study investigates the dynamic relation between stock prices and exchange rates in three emerging markets, Egypt, Saudi Arabia and the United Arab Emirates. First, an institutional analysis of the three emerging markets is provided then econometric techniques are applied to…
The purpose of this dissertation is to provide a better understanding of contemporaneous issues in international finance. The first chapter documents empirically the significant differences between persistent episodes of current account surplus and current account deficits in th…
In the modern economy, international capital flows become more crucial in driving an economy, especially in the developing countries. Mach research focuses on the effect of financial capital flows on economic growth and/or development. Several researches have studied the linkage…
Economic crises place great pressures on authoritarian regimes. Why do some authoritarian regimes survive economic crises by adopting adjustment policies that their supporters demand, while other authoritarian regimes offer inconsistent adjustment policies and subsequently colla…
The recent wave of financial crises in the 1990s and the 2000s resulted in severe economic distress among emerging market countries across several regions. The exchange rate plunged sharply at the time of crisis and output severely contracted. Using the quarterly data of the Asi…
This research examines the economic forces influencing emerging equity markets in Latin America and Asia. This is done by studying the sensitivity of equity index returns in six Latin American and eight Asian emerging markets with respect to each country's economic variable set.…
The first essay of this dissertation examines the 1997 Asian financial crisis. It is shown that existing literature on currency crises fail to provide any early warning indicators that would have predicted the across-the-board distress seen in the Asian economies. An alternative…
My dissertation consists of three essays on empirical economic growth. Chapters I and II reconsider the current practice of cross-country growth regressions. Chapter III focuses on the emerging market crises and economic growth. In the face of persisting income inequalities acro…
This study examines the potential integration between Middle Eastern stock markets, especially Arab countries. I investigate the efficiency, diversification, correlation, and potential integration in Middle Eastern countries stock markets, in particular Egypt, Israel, Jordan, Mo…