Showing 1 - 10 of 5,118
We distill evidence about the effects of COVID-19 on companies. Stock price reactions to the shock differed greatly across firms, depending on their resilience to social distancing, financial flexibility, and corporate culture. The same characteristics affected the response of firms' sales,...
Persistent link: https://www.econbiz.de/10013403279
Purpose – This paper analyses the connection between the sustainability performance of Chinese banks and their financial indicators to explore whether sustainability regulations can be implemented without decreasing the financial performance of the banking sector.Design/methodology/approach...
Persistent link: https://www.econbiz.de/10012928231
China. Egocentric lending networks are constructed using the public loan announcements of firms listed on China's two stock … to the standard firm characteristics, suggesting that partly state-owned corporations in China still enjoy privileged … access to bank financing, despite substantial reforms and growing competition in China's banking sector …
Persistent link: https://www.econbiz.de/10013031887
This study investigates the impact of corporate governance characteristics and political connections of directors on the profitability of banks in Pakistan. The study uses the data of 26 domestic banks over the latest and large period of 2007-2016. Our findings firstly affirm that bank...
Persistent link: https://www.econbiz.de/10012150464
This Article examines whether recent shifts among private and public markets are part of a more general phenomenon of “shapeshifting” among corporate entities. A shapeshift is a transformation of corporate form involving the creation or use of a new legal entity and one or more changes in...
Persistent link: https://www.econbiz.de/10013148211
This paper investigates whether and how high-speed rail (HSR) construction affects local bank performance. Using the difference-in-difference method, we find that the city commercial banks (CCBs) significantly experience an overall decrease in ROA after HSR is introduced in the headquarters...
Persistent link: https://www.econbiz.de/10014237906
This study examines the relationship between access to finance and growth in sales for Micro, Small, and Medium Enterprises (MSMEs) in Iran. Using data from 486 firms in five provinces, our findings indicate that external financing positively impacts sales growth for MSMEs. The results suggest...
Persistent link: https://www.econbiz.de/10014245441
This paper empirically investigates firm-specific determinants of agency costs, a relatively new and unexplored area in corporate finance. We estimate dynamic agency costs models, linking debt, firm size, and R&D activity to agency costs for a panel of U.S. information and communication...
Persistent link: https://www.econbiz.de/10012890375
The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship banks became bigger. In fact, opaque borrowers grew more...
Persistent link: https://www.econbiz.de/10013314846
The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship banks became bigger. In fact, opaque borrowers grew more...
Persistent link: https://www.econbiz.de/10012383736