Showing 1 - 10 of 59
Purpose – The purpose of this paper is to uncover the determinants of the ten-year Greek bond yield in both pre- and post-crisis period that caused the unprecedented event, a country member of the Euro area, not to be able to tap the market. In doing so, following the recent literature, the...
Persistent link: https://www.econbiz.de/10014864681
Purpose – The purpose of this paper is to analyse the attitude of European firms towards human resource management (HRM) configuration and HRM practices on a country-level basis. Assuming the persistent relevance of institutional framework, the paper investigates the applicability of the...
Persistent link: https://www.econbiz.de/10014975313
Purpose The paper aims at addressing the following research questions: does institutional quality improve countries' environmental efficiency? And which pillars of institutional quality improve countries' environmental efficiency? Design/methodology/approach By specifying a directional distance...
Persistent link: https://www.econbiz.de/10015350093
Purpose This research aims to model the relationship between the credit risk signals in the credit default swap (CDS) market and agency credit ratings, and determines the factors that help explain the variation in such signals. Design/methodology/approach A comprehensive analysis of the...
Persistent link: https://www.econbiz.de/10014902015
Purpose – This paper aims to determine the equity and debt market reactions of firms to the news of their hiring a credit rating agency (CRA) analyst. Due to recent controversies related to CRAs, the US Securities and Exchange Commission (SEC) requires disclosure of the hiring of an analyst if...
Persistent link: https://www.econbiz.de/10014902116
Purpose – The purpose of this paper is to test the hypothesis that major credit rating agencies (CRAs) have been inconsistent in assessing the implications of monetary union membership for sovereign risks. It is frequently argued that CRAs have acted procyclically in their rating of sovereign...
Persistent link: https://www.econbiz.de/10014902122
Purpose This study aims to investigate whether firms engage in earnings management behavior that attempts to manipulate Credit Rating Agency (CRA) perceptions during the Watchlist process and, if so, whether earnings management behavior appears to influence CRAs’ decisions....
Persistent link: https://www.econbiz.de/10014989847
Purpose – The purpose of this paper is to examine if the simultaneous openness to trade and capital account can promote financial sector development. Design/methodology/approach – Based on a sample of 12 Arab countries over the period from 1985 to 2011, the data were analyzed using the...
Persistent link: https://www.econbiz.de/10014729723
Purpose Level of trust among the members is considered to be an important component that contributes towards the economic growth in an economy. The purpose of this paper is to examine the effect of trust level along with income per capita, human capital (education level), investment, labor force...
Persistent link: https://www.econbiz.de/10014991146
Purpose The purpose of this paper is to find out firm, industry, and country level determinants of capital structure of Pakistani listed non-financial firms. Design/methodology/approach The authors use a fixed effects panel data model over a 39 years (1972-2010) unbalanced panel data of...
Persistent link: https://www.econbiz.de/10015005852