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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

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

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

CBOE volatility index (VIX) and corporate market leverage

Wong, Wing Keung - In: Cogent Economics & Finance 10 (2022) 1, pp. 1-22

Our paper investigates the nexus between the CBOE Volatility Index (VIX) and the market leverage of firms listed on the US stock market. Analyzing the yearly database of non-financial US firms from 2000 to 2019, we find that an increase in the VIX index has a positive impact on the leverage of...

Persistent link: https://www.econbiz.de/10015074132

Economic policy uncertainty and corporate leverage - does cash holdings matter? Evidence from the U.S.

Jumah, Zahid; Younas, Zahid Irshad; Safdar, Nabeel; … - In: Cogent Economics & Finance 11 (2023) 1, pp. 1-28

This research study examines the mediating role of cash holdings between the economic policy uncertainty (EPU) and corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at NYSE over 1995-2018, we provide novel evidence that cash...

Persistent link: https://www.econbiz.de/10015074807

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

The dynamic of bank stock price and its fundamentals: Evidence from Indonesia

Widjaja, Hendrik; Ariefianto, Mochammad Doddy - In: Cogent Economics & Finance 10 (2022) 1, pp. 1-21

This study examines the relationship between bank stock price and its selected fundamentals, namely, profitability … (proxied by ROE and NIM) to bank stock price. Credit and liquidity risk measures do not significantly affect stock price. …

Persistent link: https://www.econbiz.de/10015074046

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

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