Search Results - "Journal of banking & finance"

Stock market volatility around national elections by Białkowski, Jędrzej, Gottschalk, Katrin, Wisniewski, Tomasz Piotr

“…This paper investigates a sample of 27 OECD countries to test whether national elections induce higher stock market volatility. It is found that the…”
Get full text

The effect of pro-environmental preferences on bond prices: Evidence from green bonds by Zerbib, Olivier David

“…•Investors’s pro-environmental preferences have a low impact on bond prices.•Pro-environmental preferences induce a negative yield premium of 2 bps on…”
Get full text

Economic policy uncertainty, cost of capital, and corporate innovation by Xu, Zhaoxia

“…We examine the impact of government economic policy uncertainty (GEPU) on corporate innovation and identify a cost-of-capital transmission channel. We find…”
Get full text

Banking sector performance during the COVID-19 crisis by Demirgüç-Kunt, Asli, Pedraza, Alvaro, Ruiz-Ortega, Claudia

“…This paper examines the impact of financial sector policy announcements on bank stocks around the world during the onset of the COVID-19 crisis. Overall, we…”
Get full text

Geographic proximity and corporate investment efficiency: Evidence from high-speed rail construction in China by Wu, Yizhong, Lee, Chien-Chiang, Lee, Chi-Chuan, Peng, Diyun

“…•We assess the effect of HSR construction on investment efficiency in China.•Using a DID approach, we find that HSR can improve investment efficiency.•The…”
Get full text

Political connections and corporate investments: Evidence from the recent anti-corruption campaign in China by Pan, Xiaofei, Tian, Gary Gang

Get full text

Measuring firm size in empirical corporate finance by Dang, Chongyu, (Frank) Li, Zhichuan, Yang, Chen

“…In empirical corporate finance, firm size is commonly used as an important, fundamental firm characteristic. However, no research comprehensively assesses the…”
Get full text

Female board directorship and firm performance: What really matters? by Bennouri, Moez, Chtioui, Tawhid, Nagati, Haithem, Nekhili, Mehdi

“…Using a sample of 394 French firms for the period of 2001 to 2010, we study the relationship between female directorship and firms’ accounting (ROA and ROE)…”
Get full text

Oil prices, US stock return, and the dependence between their quantiles by Sim, Nicholas, Zhou, Hongtao

“…In this article, we examine the relationship between oil prices and US equities by proposing a novel quantile-on-quantile (QQ) approach to construct estimates…”
Get full text

Bank systemic risk around COVID-19: A cross-country analysis by Duan, Yuejiao, El Ghoul, Sadok, Guedhami, Omrane, Li, Haoran, Li, Xinming

“…Using 1,584 listed banks from 64 countries during the COVID-19 pandemic, we conduct the first broad-based international study of the effect of the pandemic on…”
Get full text

Corporate social responsibility and stock price crash risk by Kim, Yongtae, Li, Haidan, Li, Siqi

“…•We examine whether corporate social responsibility affects stock price crash risk.•Firms’ CSR performance is negatively associated with future crash risk.•The…”
Get full text

Hedging geopolitical risk with precious metals by Baur, Dirk G., Smales, Lee A.

“…We analyse the relationship between geopolitical risk and asset prices and show that geopolitical risk is distinct from existing measures of economic,…”
Get full text

CSR-contingent executive compensation contracts by Ikram, Atif, Li, Zhichuan (Frank), Minor, Dylan

“…Firms have increasingly started tying their executives’ compensation to CSR-related objectives. In this paper, we attempt to understand why firms offer…”
Get full text

Trust and stock price crash risk: Evidence from China by Li, Xiaorong, Wang, Steven Shuye, Wang, Xue

“…This paper examines the impact of social trust on stock price crash risk. Social trust measures the level of mutual trust among the members of a society. Using…”
Get full text

Corporate social responsibility and market efficiency: Evidence from ESG and misvaluation measures by Bofinger, Yannik, Heyden, Kim J., Rock, Björn

“…We study the impact of corporate social responsibility (CSR) on firm misvaluation in the US. Our results indicate that a firms Environmental, Social and…”
Get full text

How likely is contagion in financial networks? by Glasserman, Paul, Young, H. Peyton

“…Interconnections among financial institutions create potential channels for contagion and amplification of shocks to the financial system. We estimate the…”
Get full text

The impact of COVID-19 pandemic on bank lending around the world by Ҫolak, Gönül, Öztekin, Özde

“…We evaluate the influence of the pandemic on global bank lending and identify bank and country characteristics that amplify or weaken the effect of the disease…”
Get full text

Does corporate social responsibility create shareholder value? The importance of long-term investors by Nguyen, Phuong-Anh, Kecskés, Ambrus, Mansi, Sattar

“…We study the effect of corporate social responsibility (CSR) on shareholder value. We argue that long-term investors can ensure that managers choose the amount…”
Get full text

Shari’ah supervision, corporate governance and performance: Conventional vs. Islamic banks by Mollah, Sabur, Zaman, Mahbub

“…•We find that Shari’ah supervision increases performance of Islamic banks.•We also find that board structure and CEO power play significant roles in explaining…”
Get full text

FinTech adoption and financial inclusion: Evidence from household consumption in China by Yang, Tong, Zhang, Xun

“…This paper provides micro-level evidence on how FinTech adoption affects household consumption and consumption inequality. Our hypothesis is that through…”
Get full text