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Impact of financial innovation and institutional quality on financial development in emerging markets
Alawi, Suha Mahmoud; Abbassi, Wajih; Saqib, Rukhma; … - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-11
Financial innovation and institutional quality play a key role in financial development. This study investigates the impact of financial innovation and institutional quality on financial development in an emerging markets setting. We used the sample of 17 emerging markets based on the...
Persistent link: https://www.econbiz.de/10013163539
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What's different about bank holding companies?
Chami, Ralph; Cosimano, Thomas F.; Ma, Jun; Rochon, Céline - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-32
We develop a dynamic model of a BHC that encompasses both a trading desk and a loan desk, and explore the role of risk …
Persistent link: https://www.econbiz.de/10013273441
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Risk-sharing and the creation of systemic risk
Acharya, Viral V.; Iyer, Aaditya M.; Sundaram, Rangarajan K. - In: Journal of risk and financial management : JRFM 13 (2020) 8/183, pp. 1-18
We address the paradox that financial innovations aimed at risk-sharing appear to have made the world riskier … liquid assets. When risk-sharing is primitive, agents self-hedge and hold more liquid assets; this buffers aggregate risks …, resulting in few correlated failures compared to when there is greater risk sharing. We apply this insight to build a model of a …
Persistent link: https://www.econbiz.de/10012321952
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The architecture of financial networks and models of financial instruments according to the "just transition mechanism" at the European level
Manta, Otilia; Guliamos, Kōstas Iō.; Kong, Jie; Li, Zhou - In: Journal of risk and financial management : JRFM 13 (2020) 10/235, pp. 1-25
At the global level and in particular the European level, challenges related to climate change and the transition to green transactions have created an imperative where identifying or developing innovative financial instruments, appropriate for these priorities, have become our research...
Persistent link: https://www.econbiz.de/10012387976
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Barriers to financial innovation : corporate finance perspective
Błach, Joanna - In: Journal of risk and financial management : JRFM 13 (2020) 11/273, pp. 1-23
This paper addresses the application of financial innovations from the corporate finance perspective. The objective is to identify and prioritize the main types of barriers to the implementation of financial innovations by nonfinancial firms. The motivation behind the study lies in the...
Persistent link: https://www.econbiz.de/10012389805
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Fintech innovations in the financial service industry
Anifa, Mansurali; Ramakrishnan, Swamynathan; Joghee, … - In: Journal of risk and financial management : JRFM 15 (2022) 7, pp. 1-19
Digital transformation underscored by the fourth industrial revolution has led to the emergence of sophisticated technology-enabled financial services known as fintech, that has swiftly altered traditional financial services space. Global adoption of fintech is rapidly increasing due to its...
Persistent link: https://www.econbiz.de/10013369581
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The implication of IFRS financial instruments disclosure on value relevance
Alsarayreh, Taleb; Altarawneh, Mohammad Saleh; Eltweri, … - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17
The main objective of this research is to examine the effects of financial instruments declared under IFRSs on value relevance over thirteen years. The research sample included 35 European enterprises that were listed on the main market of the London Stock Exchange from 2007 to 2019. This study...
Persistent link: https://www.econbiz.de/10013471005
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Consumer segmentation of green financial products based on sociodemographic characteristics
Gáspár, Sándor; Pataki, László; Barta, Ákos; … - In: Journal of risk and financial management : JRFM 16 (2023) 2, pp. 1-19
investments with a similar risk, using the sample we examined we proved that there is a homogenous group (C2) in Hungary which …
Persistent link: https://www.econbiz.de/10014305951
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Corporate green bond issuances : an international evidence
Lebelle, Martin; Lajili Jarjir, Souad; Sassi, Syrine - In: Journal of risk and financial management : JRFM 13 (2020) 2/25, pp. 1-21
Using an international sample of corporate Green bond issuances over the recent period, this paper highlights the potential consequences of the issuance of a Green bond on the issuer's financial performance. Starting with a first sample of 2079 Green bond issuances of 190 unique issuers from...
Persistent link: https://www.econbiz.de/10012173945
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Do REITs outperform stocks and fixed-income assets? : new evidence from mean-variance and stochastic dominance approaches
Chiang, Thomas C.; Hooi Hooi Lean; Wong, Wing Keung - In: Journal of risk and financial management : JRFM 1 (2008) 1, pp. 1-40
This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first … order to maximize their expected utility, the risk-averse prefer fixed-income assets over real estate, which, in turn, is …
Persistent link: https://www.econbiz.de/10011556251