Purpose: This study uses the unique setting of unusual market activity (UMA) replies to examine the market reaction and the effects of disclosure and investor protection amid information uncertainty. Design/methodology/approach: A total of 1527 hand-collected UMA replies from the interlinked...

The paper aims to analyze the effect of bank risk appetite on banks' default probabilities during the year of COVID-19 in 12 countries while controlling for bank-specific and country-specific effects over time. A System Generalized Methods of Moments (GMM) model of default probabilities is...

This study integrates environmental literacy and integrated behavioral model to address the reduce, reuse, and recycle (3Rs) issues of households in Malaysia. A total of 166 questionnaires were collected from the top five states with the highest number of households and analyzed using the...

Purpose: The purpose of this paper is to examine whether any specific informal corporate governance mechanisms under consideration in this study, namely, political connection, business group affiliation and ownership concentration, are able to mitigate the diversification discount for...

Purpose: This paper investigates the market responses towards four types of politically connected (PCON) firms during two political events – general election and change of leader in Malaysia. Design/methodology/approach: The authors capture the market response using cumulative abnormal return...