Internationalisation of emerging market currencies and original sin: Empirical evidence

World Economy ◽  
2021 ◽  
Author(s):  
Delphine Lahet ◽  
Stéphanie Prat
Keyword(s):  
Empirical Evidence ◽  
Emerging Market ◽  
Original Sin

scholarly journals Innovation Processes in Emerging Markets: Empirical Evidence from the Indian Insurance Industry

2014 ◽  
Vol 18 (1) ◽  
pp. 40-57 ◽  
Author(s):  
Mohit Anand ◽  
Philippe Monin
Keyword(s):  
Emerging Markets ◽  
Empirical Evidence ◽  
Research Design ◽  
Insurance Industry ◽  
Emerging Market ◽  
Case Research ◽  
Second Stage ◽  
Multiple Case ◽  
Innovation Processes ◽  
Indian Insurance

How do organizations innovate to respond to emerging market issues? Building on a multiple-case research design, we study four cases of innovation in the Indian insurance industry. In the first stage of our analysis, we identify seven innovation processes: Demystification, technologization, bundlization, indigenization, retailization, commoditization and segmentation. In the second stage, we find that these seven processes serve as generic responses to three typical issues: management of meanings and values, accessibility and affordability that firms face in emerging markets. Our findings contribute to a better understanding of innovation processes in emerging markets.

scholarly journals Some empirical evidence on the relationship between inventory management and social responsibility

2013 ◽  
Vol 2 (3) ◽  
pp. 98-106 ◽  
Author(s):  
Khaled Elsayed
Keyword(s):  
Supply Chain ◽  
Social Responsibility ◽  
Empirical Evidence ◽  
Inventory Management ◽  
Emerging Market ◽  
Developed Countries ◽  
Listed Firms ◽  
Corporate Social ◽  
The Cost ◽  
The Relationship

Despite the crucial role that inventory plays in supply chain management (SCM), research that examines the relationship between inventory and corporate social responsibility (CSR) is rare. This is surprising given the evidence that inventory represents a huge source of cost, a matter that is often reported as a major impediment in practicing social responsibility in SCM. As such, this paper fills this gape in literature by examining directly the effect of inventory management on CSR. Maximum-likelihood ordered logistic regression was performed on a sample of 38 Egyptian listed firms during the period from 2007 to 2010. The results demonstrate that inventory management exerts a positive and significant coefficient on CSR. Further analysis shows that inventory management cannot be safely dropped from model of analysis. Rather, inventory management does add something unique in explaining differences in CSR. For practitioners interested in optimizing their firms’ values, thinking in managing supply chain imperatives, and specially inventory, in terms of social responsibility may guide them to build up a stock of reputational capital that can be used, in turn, to increase the cost of their rivals. This study, to the best of knowledge, is the first one that offers empirical evidence regarding the effect of inventory management on CSR. Moreover, the paper adds to both SCM and CSR literature by providing empirical evidence from Egypt as an emerging market, where much of the existing evidence reflects experience from developed countries

scholarly journals CURRENCY MISMATCHES IN EMERGING MARKET ECONOMIES: IS WINTER COMING?

2020 ◽  
Vol 23 (1) ◽  
pp. 25-54
Author(s):  
Hari Venkatesh ◽  
Gourishankar S Hiremath
Keyword(s):  
Latin American ◽  
Institutional Environment ◽  
Emerging Market ◽  
Trade Openness ◽  
Original Sin ◽  
Emerging Market Economies ◽  
Macroprudential Policy ◽  
Market Economies ◽  
Currency Mismatch ◽  
Currency Mismatches

We develop a currency mismatch index and examine the causes of currency mismatchesin emerging market economies. This study is based on a unique dataset on 22economies from 2008 to 2017. We also construct the original sin index using granulardata on international debt securities. We find Latin American countries, followedby Central European countries, suffer from the original sin and currency mismatchproblems. The panel regression estimates show that country size, trade openness, andthe level of economic and financial development explain cross-country variations incurrency mismatches. Our empirical results suggest that unstable monetary and fiscalpolicies are the primary causes of currency mismatches. The results indicate that abetter institutional environment reduces currency mismatches. These findings call formonetary independence, stable fiscal policy, and macroprudential policy measures tominimize currency mismatches.

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