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This study analyzes the effects of the macroeconomic indicators on the lending interest rates in the leading emerging countries by considering the significance of the interest rates for economic growth since high-level interest rates decrease economic growth and volatile interest rates deteriorate economic stability. In this context, the lending interest rate is considered as the dependent variable; foreign exchange (FX) rates, gross domestic product (GDP), and inflation are included as the independent variables that are the main macroeconomic indicators; annual data from 1990 to 2019 are used, and the panel data analysis is applied. The empirical analysis results reveal that (i) FX rates, GDP, and inflation have a significant effect on the lending interest rates at the panel level; (ii) the significance of these macroeconomic indicators vary at the country level; (iii) GDP is the most influential factor on the lending interest rates at both panel and the country level. The analysis results underline the effects of macroeconomic factors on the lending interest rates. Therefore, countries should apply appropriate policies to lessen the adverse effects of the macroeconomic indicators on the interest rates so that economic growth can be supported by low-level lending interest rates. Hence, emerging countries can benefit from low-level lending interest rates.

The main objective of the research is to study the relationship between governance and economic development in emerging economies. We used MSCI countries as a sample due to their increasing importance. Our research is based on the World Bank data for Worldwide Governance Indicators (WGI) of observed countries from 2002 to 2018. The Principal Component Analysis (PCA) and Generalized Method of Moments (GMM) were applied to identify the relationship between the GDP index as a dependent variable and the WGI as an independent variable and other control variables. The experimental results showed that there was no significant relationship between governance and economic development. On the basis of these findings, it is emphasized that the countries in the sample should give more importance to governance.

The main objective of the research is to study the relationship between governance and economic development in emerging economies. We used MSCI countries as a sample due to their increasing importance. Our research is based on the World Bank data for Worldwide Governance Indicators (WGI) of observed countries from 2002 to 2018. The Principal Component Analysis (PCA) and Generalized Method of Moments (GMM) were applied to identify the relationship between the GDP index as a dependent variable and the WGI as an independent variable and other control variables. The experimental results showed that there was no significant relationship between governance and economic development. On the basis of these findings, it is emphasized that the countries in the sample should give more importance to governance. [ABSTRACT FROM AUTHOR]

Copyright of Bartin University Journal of Faculty of Economics & Administrative Sciences / Bartın Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi is the property of Bartin University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Itobiad: Journal of the Human & Social Science Researches / İnsan ve Toplum Bilimleri Araştırmaları Dergisi is the property of Itobiad: Journal of the Human & Social Science Researches and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In this study, the response of credit default swap (CDS) spreads to the credit rating announcements is explored in the context of some emerging countries including Turkey, China, South Africa, Brazil and Russia. By applying an event study analysis and using data for credit rating announcements of Moody's, Fitch and S&P and daily 5-year CDS spreads for the period June 01, 2009, to May 31, 2018, it is found that positive credit rating events significantly decrease CDS spreads, whereas it is vice versa for negative credit rating events. While negative events have been anticipated by CDS markets, it is not the case for positive events. Moreover, after negative credit rating announcements, CDS spreads start to decrease significantly. H owever, it is not found a ny significant change in CDS spreads following the positive events. In general, it is concluded that credit rating events convey valuable information to CDS markets especially around the announcement date, and it is identified that both negative and positive credit rating events are important determinants of CDS spreads. [ABSTRACT FROM AUTHOR]

The importance of the corporate quality concept has been further heightened by the lack of public and private sector corporate governance policies among the important causes of international crises and corporate scandals. In the related literature it is stated that institutional quality is an integral part of the performance of the stock market in a country. The aim of this study is to investigate the impact of institutional quality on stock market performance, taking into account the economic development levels of countries. For this purpose, data from 26 developed countries and 34 emerging countries for 2002-2015 periods were analyzed by dynamic panel data analysis method. According to empirical analysis result; it can be said that the institutional quality plays an important role in the improvement of the stock market performance of the countries. Findings show that institutional quality and organizational quality components have more influence on stock market performance in developing countries in general. Findings of this study show that policy makers need to pursue a policy agenda to improve the quality of the official institutions and the labor market, especially for developing countries, along with innovation and investments for the development of the financial market. [ABSTRACT FROM AUTHOR]

Copyright of Omer Halisdemir Universitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Omer Halisdemir University, Faculty of Economics & Admistrative Sciene and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)