Showing 141 - 150 of 3,970
This paper highlights the globally-important determinants of financial inclusion. The determinants identified in this paper are formal account ownership; demand for formal savings; demand for formal borrowing; financial literacy and education; debit and credit card usage; the need to receive...
Persistent link: https://www.econbiz.de/10013466287
The collapse of the USSR significantly affected the economic and political situation of all the republics which gained sovereignty as a result. Among them were countries such as Estonia and Kazakhstan. This article considers whether these countries have coped with the new political conditions....
Persistent link: https://www.econbiz.de/10013466306
Working capital management (WCM) plays an important role in a firm's value, financial risk, and firm profitability. WCM requires continuous management to maintain a certain level of the numerous components of working capital (WC). The main aim of this study is to estimate the efficiency of WCM...
Persistent link: https://www.econbiz.de/10013466310
We study how researchers can apply machine learning (ML) methods in finance. We first establish that the two major categories of ML (supervised and unsupervised learning) address fundamentally different problems than traditional econometric approaches. Then, we review the current state of...
Persistent link: https://www.econbiz.de/10013471329
We build a textual score measuring the tone of bank earnings press release documents. We use this measure to define bank manager sentiment as the variation in the textual tone score which is orthogonal to bank-specific and macroeconomic fundamentals. Using this definition of sentiment, we...
Persistent link: https://www.econbiz.de/10013482877
Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees and managers. Using a panel of OECD-headquartered firms, we show that firm productivity temporarily declines...
Persistent link: https://www.econbiz.de/10014001218
The poor use of innovations for financial service delivery among African banks has limited the extent of financial development in the continent. Consequently, financial authorities seeks for a technology-enabled financial solution; an area not well covered in literature. This study therefore,...
Persistent link: https://www.econbiz.de/10014001478
The widespread financial exclusion in Africa despite the continent's high adoption of financial technology (Fintech) suggests that there is a gap between Fintech's adoption and its actual usefulness. This study seeks to measure Fintech's usefulness, its growth and identify its determinants in a...
Persistent link: https://www.econbiz.de/10014001547
We show that risk-mitigating incentives dominate risk-shifting incentives in fragile banks. We study security trading by banks, as banks can easily and quickly change their risk exposure within their security portfolio. For identification, we exploit different crisis shocks and supervisory...
Persistent link: https://www.econbiz.de/10014280704
We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk and uncertainty that is consistent with the Intergovernmental Panel on Climate Change's sixth assessment report. We find that this approach provides economic support for the...
Persistent link: https://www.econbiz.de/10014290188