Corporate Leverage in Emerging Markets: Discussing the Implications for Legislative Fiscal Oversight

8 Pages Posted: 11 Feb 2016

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: July 2015

Abstract

The last decade has witnessed a surge of leveraging activity among emerging market corporations, and this has major implications both for riskiness in global equities, as well as for the mechanisms for fiscal oversight such as legislative scrutiny of national debt levels in developing countries. This discussion provides an overview of the major concerns that have emerged due to corporate leveraging in emerging markets from (1) a legislative scrutiny standpoint, and (2) stock market returns. The discussion emerges at a time (2016) when emerging economies are already faced with severe stock market turmoil, making these considerations all the more pertinent and timely.

Keywords: Leverage; Emerging Markets; Corporate Debt; Debt Crisis; Accountability; Governance

Suggested Citation

Chohan, Usman W., Corporate Leverage in Emerging Markets: Discussing the Implications for Legislative Fiscal Oversight (July 2015). Available at SSRN: https://ssrn.com/abstract=2730622 or http://dx.doi.org/10.2139/ssrn.2730622

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Rawalpindi
Pakistan

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