... of quantile-based models in capturing the dynamic behavior of sovereign credit risk under varying market conditions. Research limitations/implications Findings are specific to BRIC economies and may not generalize to all emerging markets. Future studies could extend the scope to other regions...

...Shan Jin; Christopher Gan; Dao Le Trang Anh Purpose Using a novel measure of firm-level exposure to climate opportunity from 2002 to 2022, this paper examines the impact of climate opportunity exposure on the cost of capital for nonfinancial listed firms in emerging markets. Design/methodology...

...Hee-Joon Ahn; Jun Cai; Yan-Leung Cheung Purpose This paper focuses on execution costs as liquidity measure. Execution costs are related to volatility and are an important component of a firm’s cost of capital. The purpose of this paper is to examine whether emerging market firms have lower...

... ; Peng and Zhou, 2005). Firms in emerging markets face short organizational life, small size and resource constraints. The pressure to survive is likely to persuade their managers to leverage firm’s development fully from their knowledge (Filatotchev et al., 2009). The KBV proposes...

... are relatively immature with fewer financial products available. Moreover, there are more restrictions on these markets, such as short‐selling and over‐weighting constraints, which may distort investors' optimal investment decisions. As a result, purely domestic investments in emerging markets are largely mean...