Purpose - This paper aims to investigate the critical aspect of financial development, human capital and their interactive term on economic growth from the perspective of emerging economies. Design/methodology/approach - Data set ranged from 2002 to 2017 of 83 emerging countries used in this...

This study investigates the effects of national culture on financial sector development in emerging and developing economies. Prior literature on culture and finance has placed little focus on the multidimensionality of national culture and its potential implications for financial sector...

The remarkable economic growth momentum in emerging and growth-leading economies (EAGLEs) raises concern about a sustainable global environment. Prior literature indicates the significant role of financial development (FD) in striking a win-win balance between economic growth and environmental...

In this paper, we examine whether jumps matter in both equity market returns and integrated volatility. For this purpose, we use the swap variance (SwV) approach to identify monthly jumps and estimated realized volatility in prices for both developed and emerging markets from February 2001 to...

The purpose of this study is to extend the Fama-French three-factor model to include the labor-income growth rate (human capital) in Pakistan's stock market from June 2010 to June 2020 as the fourth factor. To this end, we collected data from 164 non-financial companies listed on the Pakistan...