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Testing capital structure theories using error correction models : evidence from China, India, and South Africa

Kannadhasan, M.; Thakur, Bhanu Pratap Singh; Gupta, … - In: Cogent economics & finance 6 (2018) 1, pp. 1-19

structure choice made by the firms that are operating in China, India, and South Africa. The study tests the capital structure … using a large data-set of firms in China, India, and South Africa that has not been done so far. …

Persistent link: https://www.econbiz.de/10011901881

Predicting financial statement manipulation in South Africa : a comparison of the Beneish and Dechow models

Marais, Alastair; Vermaak, Claire; Shewell, Patricia - In: Cogent economics & finance 11 (2023) 1, pp. 1-33

Recently, South Africa has suffered from several large financial statement frauds. To assist stakeholders in … South Africa. The study also explored similarities in earnings management characteristics between false positives and … adequately. Therefore, investors and other stakeholders should use caution when applying these models in South Africa. …

Persistent link: https://www.econbiz.de/10014500717

Cash flow volatility and capital structure in MENA and Africa : the moderating role of fixed assets

Abdulrahamn Naser; Bany-Ariffin, Amin Noordin; … - In: Cogent economics & finance 12 (2024) 1, pp. 1-15

structure in the Middle East and North Africa (MENA) and African markets. This study applies a two-step system generalized … North Africa (MENA) and African countries spanning 2011 to 2020 applying the panel two-step system generalized method of …

Persistent link: https://www.econbiz.de/10015374017

The nature of inconsistencies in two measures of risk preferences in a sample of young African South Africans

Cohen, Zachary Ezra; Romm, Aylit T. - In: Cogent economics & finance 10 (2022) 1, pp. 1-19

In this paper, we attempt to unpack the nature of revealed inconsistencies in two measures of risk preferences for a sample of young African South Africans. The first measure is a self-reported propensity to take risk in general, and the second is a risk preference elicited through a...

Persistent link: https://www.econbiz.de/10013415410

On the global integration of REITs market returns : a multiresolution analysis

Ijasan, Kola; Tweneboah, George; Omane-Adjepong, Maurice; … - In: Cogent economics & finance 7 (2019) 1, pp. 1-18

methods. United States, Hong Kong, Belgium, South Africa and Australia’s daily REITs returns are used as proxies for North … America, Asia, Europe, Africa and the Oceania continents, respectively. Highlights from our results indicate the following … less developed market (especially Africa’s REIT) across scales. Third, there are prospects of gaining higher expected daily …

Persistent link: https://www.econbiz.de/10014232756

The hedging effectiveness of gold against US stocks in a post-financial crisis era

Shrydeh, Najib; Shahateet, Mohammed Issa; Mohammad, Suleiman - In: Cogent economics & finance 7 (2019) 1, pp. 1-23

Purpose-The purpose of this paper is to examine the transmission mechanisms and dynamic spillover effects between gold spot prices and US equity prices following the 2007 Global Financial Crisis. It also aims at estimating hedging effectiveness between stocks and gold in major US financial...

Persistent link: https://www.econbiz.de/10014233046

Do foreign shareholders improve corporate earnings quality in emerging markets? : evidence from Vietnam

Vinh Xuan Bui; Chu, Thi Kim Huong - In: Cogent economics & finance 7 (2019) 1, pp. 1-22

Employing a panel dataset of Vietnamese non-financial listed firms, we find that firms with greater foreign shareholdings are aligned with higher quality of financial disclosure. More specially, we find that greater foreign shareholdings are associated with (i) lower earnings management; (ii)...

Persistent link: https://www.econbiz.de/10014233052

Student-managed investment course : a learner-centric approach to investment management

Rajasulochana, Subramania Raju; Heggede, Savitha; … - In: Cogent economics & finance 7 (2019) 1, pp. 1-23

While there has been a rapid growth of business and management schools in India since 1990, the curricula, teaching methods and the mode of delivery largely remain an instructor-led approach overlooking the needs of learners and potential employers. This paper presents a learner-centric...

Persistent link: https://www.econbiz.de/10014233063

Tail-risk spillovers and interconnectedness in international logistics markets : a QVAR approach

Alqaralleh, Huthaifa; El Khoury, Rim; Alshater, Muneer Maher - In: Cogent economics & finance 12 (2024) 1, pp. 1-26

This research explores the interdependence within the international logistics sector among 17 nations, utilizing a quantile-based technique to assess the transmission of returns. By analyzing daily data from DataStream spanning from 1 June 2016, to 12 August 2024, we apply the Quantile Vector...

Persistent link: https://www.econbiz.de/10015211234

Factor affecting technical efficiency of the banking sector : evidence from Ethiopia

Abdulahi, Salah Mohammed; Yitayaw, Mekonnen Kumlachew; … - In: Cogent economics & finance 11 (2023) 1, pp. 1-26

An efficient bank is more robust to shocks, fosters competitiveness, and promotes stability of the financial system. This study estimates Ethiopia's commercial banks' level of efficiency and its determinants during the period 2014-2020. Data Envelopment Analysis (DEA), Malmquist DEA, and Tobit...

Persistent link: https://www.econbiz.de/10014500751