Corporate Finance and Financial Development

This book addresses key issues in corporate finance and explores them from financial development and financial stability perspectives in emerging markets. Emerging economies are susceptible to rapidly changing financial sectors and products as well as financial upheavals. In this light, the growing interdependence of states and capital markets, and the risk of crises have an impact on the financing of firms. The chapters in this book highlight how companies and policies in emerging markets are affected and deal with the current post-crisis world. By combining academic and industry insights, the critical issues in corporate finance, financial development, and the preparedness of emerging markets are explored.

Corporate Finance and Financial Development: An Introduction.- Entrepreneurs' dynamic capabilities, financial resource development and financial performance among small and medium enterprises in emerging markets: Experience from Tanzania.- Does ICT Diffusion Drive the Finance-Growth Nexus? Evidence from sub-Saharan Africa.- Foreign direct investment, tourism, and financial development in Africa.- Effect of Bank Mergers on Cost of Capital – Evidence from India.- Does the Effect of Financial Development on Economic Growth depend on the Real Sector in sub-Saharan Africa?.- Financial sector reforms and the significance to banking sector in Tanzania.- Causal Relationship between Financial Development, Economic Growth, and Income Inequality: Panel Data Evidence from Asian and North African Countries.- Board Diversity and Bank Outcomes in India.- Dynamics of Industrial Production, Financial Development and Carbon Emission in Nigeria.- Corporate finance and financial development: a conclusion.