We empirically examine the impact of economic policy uncertainty (EPU) on banks’ funding structure (FUD). Using an extensive dataset of U.S. bank holding companies, we find that high policy uncertainty strengthens banks’ FUD. For banks with a pre-existing low FUD, an increase in EPU raises...

In this study, we examine the impact of class action litigation shocks on corporate innovation. Our experimental design is based on an unanticipated court ruling that reduces the risk of shareholder class action lawsuits for firms located within the jurisdiction of the US Ninth Circuit....

We evaluate the influence of five major uncertainty factors on four asset classes. Our time-varying findings suggest that each asset hedges only a particular uncertainty factor, whereas gold does more than one factor, especially during COVID-19. Our quantile regression results show that gold and...

This study examines the dynamics of lead-lag and comovements between geopolitical risk and African stocks using daily data from February 2022 to July 2022. By employing the squared wavelet coherence and wavelet coherence phase difference under the bi-wavelet econometric framework, we report that...

This study aims to empirically examine the relationship between working capital management and firm performance in Scandinavian markets for the period 2007-2020. This study reports an inverse relationship between WCM, and firm performance measured through return on assets, gross operating...

Using hand collected information of Shariah scholars on 114 Islamic banks over the period of 8 years, link between intermediation margin and reputation of these scholars is investigated. Consistent with resource-based view and signalling theory, we found positive association between the two...

Stewardship theory suggests CEO duality can provide strong leadership and facilitate the development and coordination of firm strategy. These benefits should affect both firm risk and financial performance. We use the 2020 coronavirus outbreak as a natural experiment to determine whether CEO...

Ever since the COVID-19 pandemic hit the global economy, banks all over the world experienced substantial reductions in loan growth and increases in distressed and non-performing assets. The persistent increase in non-performing loans accompanied by low interest rates led to a surge in banking...

In this paper, we investigate the differential impact of ESG activities on banks’ technical efficiency for conventional and Islamic banks. We employ a Data Envelopment Analysis (DEA) technique to determine the efficiency scores of the banks. Based on a sample of 14 conventional and 11 Islamic...

We examine the immediate impacts of COVID-19 on FDIC chartered banks’ performance. Our experimental design analyzes the performance of community banks and large banks before and during the COVID-19 pandemic. Community banks outperform large banks significantly in several key measures in the...