Purpose: The study aims to explore macroeconomic and banking industry-specific determinants of non-performing loans (NPLs) for Chinese banks, spanning from 2005 to 2014. Design/methodology/approach: It uses three different models to explore the determinants. The first model has only...

Purpose: The purpose of this study is to investigate the effect of investment efficiency on cost of equity capital. Design/methodology/approach: Prior research indicated that any governance mechanism which reduces the agency conflict reduces the cost of equity capital. This study provides...

Purpose: This study aims to explore the relationship between product market competition (competition hereafter) and the quality of analysts’ forecasts. Design/methodology/approach: This study uses industry-level (i.e. Herfindahl–Hirschman index), as well as firm-level (i.e. Lerner index)...

Purpose The purpose of this paper is to find whether Chinese equity funds outperform the market and do Chinese fund managers possess positive market timing ability. This study also aims to investigate whether well-performing (worst) funds of last year continue to perform well (worst) in the...

Purpose This study analyzes the impact of changes in bank capital on liquidity creation. More specifically, it tests “financial fragility – crowding out” and “risk absorption” hypotheses for Indian banks. Design/methodology/approach It uses the data of 136 listed and unlisted banks,...