This research paper presents empirical support to the role of market discipline in augmenting bank capital ratios in a competitive banking environment. Using a panel data set of domestic commercial banks in Pakistan from 2009-2014 the study analyses whether the market penalized banks for...

This paper aims to provide a more comprehensive understanding of the impact of financial developments on output volatility. Using cross-sectional and panel datasets for 79 countries from 1961 to 2012, we find that financial expansion plays a significant role in mitigating output volatility,...

This study presents empirical support for the role of market discipline in augmenting bank capital ratios in a competitive banking environment. Using a panel dataset on domestic commercial banks in Pakistan from 2009 to 2014, the study determines if the market penalized banks for any increase in...

This study explores the impact of financial innovation on economic growth with a unique focus on its detrimental effects. Using data from 164 countries for 1990 to 2017, the paper uses panel OLS regression model with an exhaustive set of variables to conduct the base analysis while GMM is used...

Purpose: The purpose of the study is to examine overreaction effect in the Chinese stock market after the global financial crisis (GFC) of 2007 for all the stocks listed in Shanghai Stock Exchange (SSE) Composite 50 index. Design/methodology/approach: To capture overreaction effect in the stock...

The mutual funds' returns, inter alia, are dependent on fund managers' performance. This makes human capital efficiency very central for consistent risk-adjusted performance. The persistence in performance becomes more critical during periods of high turbulence, like the one we are experiencing...