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Ownership structure and bank risk-taking in ASEAN countries: A quantile regression approach

In: Cogent Economics & Finance 8 (2020) 1, pp. 1-19

ownership structure and bank risk-taking behavior is correlated with the characteristics of individual banks in terms of … quantile regression. First, state ownership and foreign ownership affect bank risk-taking positively in high-risk banks while … distributions of bank risk. These findings suggest that appropriate ownership structure can constrain bank risk-taking activities in …

Persistent link: https://www.econbiz.de/10014001441

Gender diversity in the boardroom and corporate cash holdings: The moderating effect of investor protection

Gupta, Namrata; Harymawan, Iman - In: Risks 10 (2022) 3, pp. 1-18

This paper investigates whether gender diversity in the boardroom is associated with corporate cash holdings and whether investor protection moderates the effect of corporate board gender diversity on corporate cash holdings. Using 20,750 firm-year observations from 33 countries, our analyses...

Persistent link: https://www.econbiz.de/10013200950

Economic policy uncertainty and investment in Spain

Dejuan-Bitria, Daniel; Ghirelli, Corinna - In: SERIEs - Journal of the Spanish Economic Association 12 (2021) 3, pp. 351-388

The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We focus on Spain for the period 1998-2014. To measure policy-related uncertainty, we borrow the economic policy uncertainty (EPU) indicator available for this country. We find...

Persistent link: https://www.econbiz.de/10014496061

Funding liquidity and bank lending

Tran, Dung Viet - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-16

We investigate how funding liquidity affects the bank lending using a large sample of US bank holding companies. We …

Persistent link: https://www.econbiz.de/10012657580

Are there alternatives to bankruptcy? A study of small business distress in Spain

García-Posada, Miguel; Mora Sanguinetti, Juan S. - In: SERIEs - Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 287-332

Small businesses, the majority of Spanish firms, rarely file for formal bankruptcy when dealing with financial distress. This is why business bankruptcy rates in Spain are among the lowest in the world, even during the current economic crisis. To explain this fact we present the following...

Persistent link: https://www.econbiz.de/10011650289

The use of discriminant analysis to assess the risk of bankruptcy of enterprises in crisis conditions using the example of the tourism sector in Poland

Wieprow, Joanna; Gawlik, Agnieszka - In: Risks 9 (2021) 4, pp. 1-11

The aim of this article is to use multiple discriminant analysis (MDA) and logit models to assess the risk of bankruptcy of companies in the Polish tourism sector in the crisis conditions caused by the COVID-19 pandemic. A review of the literature is used to select models appropriate to analyze...

Persistent link: https://www.econbiz.de/10013200746

Predicting financial distress: Importance of accounting and firm-specific market variables for Pakistan' s listed firms

Waqas, Hamid; Rohani, Md-Rus - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-16

This study is intended to identify the predictors of financial distress for the Pakistani firms. Variables used are the financial ratios representing profitability, liquidity, leverage, and cash flows, as well as two important market factors which are size and idiosyncratic standard deviation of...

Persistent link: https://www.econbiz.de/10012657471

The impact of bank capital, bank liquidity and credit risk on profitability in postcrisis period: A comparative study of US and Asia

Abbas, Faisal; Iqbal, Shahid; Aziz, Bilal - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-18

The purpose of this study is to explore the influence of bank capital, bank liquidity level and credit risk on the … USA banking industry. The findings show that bank capital and credit risk influence profitability in Asian developed … is similar for large, small and medium-size banks. The results of this paper indicate that liquidity and bank capital …

Persistent link: https://www.econbiz.de/10012657522

Schumpeter meets Goldilocks: The scarring effects of firm destruction

González, Beatriz; Moral-Benito, Enrique; Soler, Isabel - In: SERIEs - Journal of the Spanish Economic Association 14 (2023) 3/4, pp. 555-577

This paper uncovers an inverted U-shaped relationship between firm exit and total factor productivity (TFP) growth using Spanish data. At low levels of firm exit, Schumpeterian cleansing effects dominate and the effect of firm destruction on TFP is positive, but when exit rates are very high,...

Persistent link: https://www.econbiz.de/10014496149

Cross-listing, managerial compensation and corporate governance

Luo, Yongli - In: Cogent Economics & Finance 2 (2014) 1, pp. 1-17

This study examines the relationship between cross-listing and managerial compensation of Chinese firms that concurrently issued A- and B-shares or A- and H-shares during 2001 - 2010. The results show that executive compensation is a positive factor to motivate Chinese A-share firms to...

Persistent link: https://www.econbiz.de/10011559138