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Foreign currency borrowing and firm financing constraints in emerging markets: evidence from India
(Managerial Finance, 2020-08-23)
Purpose
First, the purpose of this study is to examine the relationship between foreign-currency debt and firms' financing constraints for India, the second-largest emerging market economy after China. Second, this study ...
Insolvency regimes and firms' default risk under economic uncertainty and shocks
(Economic Modelling, 2020-06-18)
One of the arguments often advanced for implementing a stronger insolvency and bankruptcy framework is that it enhances credit discipline among firms. Using a large cross-country firm-level dataset, we empirically test ...
The implications of economic uncertainty for bank loan portfolios
(Indian Institute of Management Ahmedabad, 2020-10-02)
This paper analyses the impact of economic uncertainty on the composition of bank credit across household and firm loans. Using bank-level data spanning 40 developed and developing countries, we find that higher economic ...
Government responses, business continuity, and management sentiment: impact on debt financing during COVID-19
(Indian Institute of Management Ahmedabad, 2021-04-03)
We examine how the government responses, amenability to remote working, and managerial outlook associated with COVID-19 influence debt financing by firms around the world. We find that the propensity and the amount of loan ...
Pandemic panic? effects of health system capacity on firm confidence during COVID-19
(Indian Institute of Management Ahmedabad, 2021-07-02)
In this study, we examine the impact of health system capacity and government responses on firms’ business confidence in response to the COVID-19 pandemic. Using a sample of firm-level data from 53 countries, we find that ...
Risk-sensitive Basel regulations and firms' access to credit: direct and indirect effects
(Elsevier, 2021-03-09)
This paper examines the impact of risk-sensitive Basel regulations on debt financing of firms around the world. It investigates how firms cope with the impact through adjustments to their financing sources and capital ...
Sovereign credit ratings, relative risk ratings and private capital flows: evidence from emerging and frontier markets
(Emerald Publishing, 2021-05-13)
Purpose
Relative risk ratings measure the degree by which a country’s sovereign rating is better or worse than other countries (Basu et al., 2013). However, the literature on the impacts of sovereign ratings on capital ...
The Financial Landscape of Emerging Economies: Current State, Challenges and Solutions (Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application)
(Springer Nature Switzerland, 2020-11-26)
This volume presents current developments in the field of finance from an emerging markets perspective. Featuring most of the contributions presented at the second International Conference on Economics and Finance (ICEF-2020), ...
The Evolving Financial Landscape in Emerging Markets and Developing Economies
(Springer Nature, 2020-11-26)
Emerging Markets and Developing Economies (EMDEs) have been a significant driver of global growth in the twenty-first century. This paper analyses the changing contours of the financial sector and the challenges faced by ...