Although foreign exchange risk inherits more severe exposures for emerging market firms, past empirical research addressing foreign exchange exposure is mainly concentrated on firms operating in developed economies. This ...

This paper examines the impact of globalization on the operational efficiency of emerging market firms by concentrating on the financial outcomes of a firm’s main operations through focusing on operating income and cash ...

The massive ,financial liberalization followed by accelerating financial globalization leaded to significant structural changes in the financial sector: Since financial institutions play a dominant role in functioning of ...