Do institutional quality, innovation and technologies promote financial market development?
by Muhammad Asif Khan; Domicián Máté; Mohamued Elyas Abdulahi; Rabeea Sadaf; Muhammad Atif Khan; József Popp; Judit Oláh
European J. of International Management (EJIM), Vol. 22, No. 3, 2024

Abstract: Over the last two decades, emerging markets have received much attention due to their substantial development. This study investigates the quality of financial institutions, and the innovative technological environment stimulated financial development in various (22) emerging markets from 2006 to 2017. The analyses are based on distinctive competitiveness pillars, and additional control variables from the World Economic Forum's reports and the World Bank's Development Indicators. Another novelty of this research is its investigation of the moderation effect of the quality of institutions on innovation and IC technologies. The empirical findings of linear and dynamic regressions (generalised method of moments) affirm that the interaction of innovation and technology with well-functioning institutions can accelerate the development of financial markets. Additionally, this study offers a few policy implications, so that these economies can improve competitiveness, in order to make emerging financial markets attractive and sustain their development in the long run.

Online publication date: Fri, 02-Feb-2024

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the European J. of International Management (EJIM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com