Examining financial growth nexus of emerging European countries

Nafisa Ahmad and Md. Abul Kalam Azad

Review of Economics and Political Science, 2023, vol. 9, issue 1, 77-97

Abstract: Purpose - Besides the extensive research on managerial efficiency in the financial sector worldwide, emerging economies in Europe remain untapped. This research scrutinises the impact of managerial performance and competitive structures on their financial industry growth in terms of services they offer and ability to liquefy stock in capital markets. Design/methodology/approach - This study contains data from selected emerging European countries' during the period of 2010–2020. This study uses data from the Heritage Foundation's Index of Economic Freedom to control for firm-level indicators. The fixed-effects (FE) method was used to explore the nexus between financial sector growth and management performance as well as competitive firm structure. Findings - The findings provide evidence of the existing impact of firm indicators on the financial sector's growth. Two-step system the generalized method of moments (GMM) estimations are used for the robustness check of the authors' model. Whilst on a scavenger hunt through existing literature, the authors realise that there is an overwhelming lack of enthusiasm in this field. Originality/value - With the intention of better assessment, the authors use regulatory contextual variables to look for any possible impacts and surprisingly discover a pattern in the financial growth nexus.

Keywords: Management performance; Competitive structure; Firm structure; Europe (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:repspp:reps-11-2022-0090

DOI: 10.1108/REPS-11-2022-0090

Access Statistics for this article

Review of Economics and Political Science is currently edited by Dr Heba Nassar

More articles in Review of Economics and Political Science from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().