Finance plays a major role in discussions about state capitalism emerging markets, but the focus has so far been on banks. Capital markets have neglected. Moreover, findings from growing literature financialization indicate that some cases there is increasing involvement development and functioning of capital markets. Hence, relationship between finance these economies may be fundamentally diff...

Many emerging market companies expand beyond their home markets to diversify cash flows, hit growth targets, achieve economies of scale, or access global capital markets. Despite compelling reasons to expand abroad, the process of globalization remains difficult and fraught with risk. As they expand beyond their home markets, emerging market companies must woo customers with different preferenc...

Introduction In the increasingly competitive environment in India, the development and launch of new products have become an important competitive tool. In a crowded marketplace, there is greater need for differentiation; in markets that tend to be stagnant there is pressure to create excitement. The development and launch of new products helps in both situations. In certain industries like the...

This paper presents both the time-series and cross-country evidence on the growth of global equity markets and attempts to shed some light on the sources of equity market growth. I show that for developed countries market size is positively related to correlation of stock markets with the global portfolio, and that it is negatively related to government consumption. For emerging market countrie...