Showing 93,311 - 93,320 of 93,377
This study investigates the price movement characteristics of banking issuers listed on the Indonesia Stock Exchange with macroeconomic indicators as an exogenous variable. By using the k-means clustering based on the monthly rate of return, banks are classified into three clusters, lower,...
Persistent link: https://www.econbiz.de/10012627880
This paper studies the effect of stock options expiration day on the underlying shares traded on the National Stock Exchange (NSE). Overall we tested for abnormal trading volume, abnormal price movement, individual stock reversal and stock pinning on expiration days. To the best of our...
Persistent link: https://www.econbiz.de/10012737804
We are the first to investigate the effect of board gender diversity on default risk across countries, largely focusing on various aspects of institutional setting at country-level. Intuitively, board gender diversity is likely to influence default risk as women on the board improves the board...
Persistent link: https://www.econbiz.de/10012958398
This pitch research letter (PRL) applies the pitching template developed by Faff (2015) to an academic project on boardroom gender diversity and default risk. The pitching template helped the pitcher to identify the core elements that form the framework of the research project. The PRL encloses...
Persistent link: https://www.econbiz.de/10012968681
This pitch research letter (PRL) applies the pitch template developed by Faff (2015a) to an academic project in corporate finance; that is, corporate governance and market microstructure, namely, stock liquidity for Australian firms. The pitch template is useful in identifying the core elements...
Persistent link: https://www.econbiz.de/10012970078
Despite the extensive advancement of knowledge in the field of empirical asset pricing, little is known about how this literature applies to asset classes beyond common stocks and bonds. In this paper we apply recent developments in financial economics, which posit an important role for limited...
Persistent link: https://www.econbiz.de/10013292730
Syndicated loans integrate bank monitoring with risk sharing similar to corporate bonds. Consistent with this argument, we find that firms use more loans and fewer bonds, and increase capital expenditures, after initial access to the syndicated loan market. The growth of collateralized loan...
Persistent link: https://www.econbiz.de/10013298638
Following (Almeida, Ardison, Kubudi, Simonsen, & Vicente, 2018) we implement a segmented three factor Nelson-Siegel model for the yield curve using daily observable bond prices and short term interbank rates for Colombia. The flexible estimation for each segment (short, medium, and long)...
Persistent link: https://www.econbiz.de/10012549263
This study reconsiders the Fisher effect for the UK from a different methodological perspective. To this aim, the nonlinear ARDL model recently developed by Shin et al. (2014), is applied over the periods of 1995M1-2008M9 and 2008M10-2018M1. This model decomposes the changes in original...
Persistent link: https://www.econbiz.de/10012306785
This paper studies the interplay between environmental performance and financial valuation of firms in Latin America and the Caribbean. We provide insights into how environmental considerations are integrated into financial decision-making and investor behavior by analyzing the stock market...
Persistent link: https://www.econbiz.de/10014529773