Forthcoming articles

 


International Journal of Business and Emerging Markets

 

These articles have been peer-reviewed and accepted for publication in IJBEM, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.

 

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International Journal of Business and Emerging Markets (3 papers in press)

 

Regular Issues

 

  • Innovation in VUCA world: Evidence from Tunisian firms in a post-revolution context.   Order a copy of this article
    by Dora Abidi, Koichi Nakagawa 
    Abstract: Researchers have examined the positive impact of organizational entrepreneurial orientation (OEO) and managerial cognition about environmental changes (MGC) on innovation. However, Volatility, Uncertainty, Complexity, and Ambiguity (VUCA) in todays business environment has affected firms and their innovation-decision. Thus, factors which help innovation to thrive may eventually hamper its performance in such an environment. Assessing 67 Tunisian enterprises following the Jasmine revolution, we examine the VUCA context and the joint impact of organizational and managerial factors on innovation. Our results indicate that OEO and MGC both positively influence innovation performance, but their joint impact is negative. Thus, innovation will be less successful if managers and organizations are either highly or slightly innovation oriented. Consequently, a moderate level of innovativeness leads to higher organizational success in a VUCA environment. Such orientation refers to the first follower strategy, where the firm learns from a first movers experience, then respond to the environmental changes.
    Keywords: organizational innovation; first follower; strategy; managerial cognition of environmental changes; entrepreneurial orientation; VUCA; Tunisia.

  • Banks and public capital markets in European emerging economies   Order a copy of this article
    by Victoria Geyfman 
    Abstract: A critical aspect of integration of emerging markets (EM) of Eastern Europe into the global financial system is the continuing financial liberalization process and the development of effective domestic capital markets. While these countries have made considerable progress in this area since the early stages of economic transformation in the 1990s, the level of financial development and market capitalization remains weak by the developed worlds standards. Furthermore, the systems are still dominated by foreign financial institutions. This study examines the development of capital markets and the effect of macroeconomic, bank-level, and regulatory fundamentals on the banking institutions decision to participate in public capital markets. The study also examines the predominance of foreign-owned banks in EM and assesses their effect on the development of financial markets. The study suggests that the regulatory void and an increased level of exposure to volatile stock markets are the likely culprits of banks reluctance to list their shares on local exchanges.
    Keywords: Emerging market economies; Eastern Europe; capital market development; foreign-owned banks; financial crisis.

  • Application of Z-Score Model to Non-Financial Sector of Pakistan   Order a copy of this article
    by Muhammad Tahir, Sidra Hanif 
    Abstract: The article applies Z-score model to predict the financial distress-level of 131 firms of five industries from non-financial sector of Pakistan, including automobile, food, chemical, engineering and cement industry. First, Z-score was calculated for all the firms within the five industries. Afterwards, the skewed nature of the dataset lead to the application of Kruskal-Wallis test to reach through the conclusion. The results rank the financial health of the automobile industry at first place in contrast to that of the cement industry at last place. Hence, the cement industry has weaker financial health among all others in the sample. Thus, the study recommends to employ Z-score model to be aware of financial health of the firms, so that some immediate measures could be adopted to avoid severe future consequences. Moreover, the results of the study are useful for the stakeholders of the firms. For example, investors can use this information to assess the financial health of the firms before investing their money.
    Keywords: Financial Health; Altman Z-score; Emerging Market Score; Financial Leverage; Liquidity; Distress level.