In this paper, we explore the path and interpretation of the Asian financial crisis (1997-1999). Much of the literature on the crisis has stressed issues of liquidity and market stability, the problems of determining cause and effect, and the role of institutions in amplifying or ameliorating...

This paper explores whether increasing fossil fuel divestment commitments are related to thereduction of capital flows into the oil & gas sector, based on an analysis of syndicated lending, equity and bond underwriting across 33 countries from 2000 to 2015. We find that increasing oil & gas...

We investigate how different types of environmental policies and new regional environmental knowledge affect new venture creation in and financing of green (low carbon), brown (fossil fuel) and gray (unrelated to natural resources) technologies across 24 OECD countries and 293 regions over the...

The Geography of Finance tackles crucial issues regarding the emerging global market for corporate governance. The authors describe and explain the transformation of European corporate governance in the light of the imperatives driving global financial markets, using an innovative analytical...

This paper seeks to understand the Asian crisis through the eyes of the City of London. Relying upon material provided by <I>The Financial Times</I> (FT), we construct an index of pessimism to chart the dominant City of London interpretation of the path of the crisis. This index is set against data on...</i>

Are foreign investors in emerging markets more financial statement literate than domestic investors? If so, this conjecture implies that foreign (domestic) investors are more likely to revise their return expectations to cash flow (discount rate) news. It also implies that cash flow news and...

This study shows that auditors are more likely to charge higher audit fees, issue false-positive going concern opinions (i.e., Type I error), and resign from high asset redeployability (AR) firms. In supplemental tests, we use path analysis to show that the significant associations between AR...

In response to the limited engagement with critical social science concerning the governance of Islamic banking and finance (IBF), this paper examines the development and governance of IBF in Malaysia and Singapore through the entanglements of conventional ‘market-disciplinary rule regimes',...