Do differences in creditor rights across countries affect creditors' recovery rates in distressed exchanges? Theories of strategic debt service imply opposing effects, with borrowers in creditor friendly jurisdictions restructuring later but having lower deviations from the absolute priority...

This study examines the link between bank earnings management and cost of equity and trading volume, using a broad sample comprising 22,217 banks from 50 countries over the period 1990 to 2006. The extent of bank earnings management in a country is measured using three distributional properties...

Purpose – In this paper the authors aim to study the impact of customer demographics on service value, customer satisfaction, and customer loyalty in the private banking industry, i.e. a high-involvement context.Design/methodology/approach – The authors estimate a structural equation model...

We revisit the relationship between ESG and stock returns using a novel, monthly consensus rating for a global universe. Our results illustrate that how well or bad a firm does along the different dimensions of corporate social responsibility does affect the return of its shares. Fund managers...

Adopted by the United Nations (UN) General Assembly in December 2018, the Global Compact on Refugees (GCR) and its Comprehensive Refugee Response Framework (CRRF) point to a paradigm shift in international refugee policy. The social and economic independence of refugees in destination countries...

Der im Dezember 2018 von der Generalversammlung der Vereinten Nationen (VN) verabschiedete Globale Flüchtlingspakt (GCR) und der darin enthaltene Comprehensive Refugee Response Framework (CRRF) weisen auf einen Paradigmenwechsel in der internationalen Flüchtlingspolitik hin. Insbesondere soll...

"How do the risk factors that drive asset prices influence exchange rates? Are the parameters of asset price processes relevant for specifying exchange rate processes? Most international asset pricing models focus on the analysis of asset returns given exchange rate processes. Little work has...