Browsing Finance & Economics by Publisher "Elsevier"
Now showing items 21-40 of 83
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Do oil shocks affect the green bond market?
( Elsevier , 2022 , Article)This study examines the predictive power of oil shocks for the green bond markets. In line with this aim, we investigated the extent to which oil shocks could be used to accurately make in- and out-of-sample forecasts for ... -
Does ICT diffusion matter for corruption? An Economic Development Perspective
( Elsevier , 2017 , Article)This study assess the impact of ICT diffusion on corruption by using instrumental variables method on a panel data set of 175 countries over the period 1996-2014. We check for the stability of the ICT-corruption nexus for ... -
Does ICT promote democracy similarily in developed and developing countries? A linear and nonlinear panel threshold framework
( Elsevier , 2020 , Article)This paper assesses the impact of ICT adoption on democracy for a panel of 70 countries over the period 2000-2017. We consider two different measures of ICT and check for the stability of the relationship for different ... -
Does minority management affect a firm's capital structure? Evidence from Japan
( Elsevier , 2022 , Article)This study evaluates the effect of minority management (MG) on capital structure for a sample of listed Japanese companies over three sectors. We used a dynamic panel, threshold-based model that can control for endogeneity ... -
Does renewable energy index respond to the pandemic uncertainty?
( Elsevier , 2021 , Article)Unlike very recent studies examining the most widely traded commodities (such as; oil and gold) under an overwhelming time pressure and amid high pandemic uncertainty, the effects of world pandemic and economic policy ... -
Dynamic risk spillovers and portfolio risk management between precious metals and global foreign exchange markets
( Elsevier , 2020 , Article)This study examines portfolio management and risk spillovers between four major precious metals (gold, silver, palladium and platinum) and 20 important U.S. exchange markets. To this end, we employ the multivariate DECO-GARCH ... -
Dynamic volatility transmission and portfolio management across major cryptocurrencies: Evidence from hourly data
( Elsevier , 2020 , Article)This study used hourly data to examine the dynamic conditional correlations and hedging strategies in the main cryptocurrency markets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Multivariate generalized ... -
Evolving efficiency of spot and futures energy markets: A rolling sample approach
( Elsevier , 2015 , Article)In this paper, we examine the weak-form efficient market hypothesis of energy markets by testing the random walk behavior of spot and futures prices. We contribute to the financial market efficiency literature by investigating ... -
Financial inclusion and ethnic development: Evidence from satellite light density at night
( Elsevier , 2021 , Article)We contribute to the nascent literature on financial inclusion by taking a meso-level perspective. Focusing on eleven ethnic groups in Nigeria and Senegal, we deal with the paucity of data at subnational levels by combining ... -
Financial literacy, financial development, and leverage of small firms
( Elsevier , 2023 , Article)This study examines the relationship between financial literacy and the leverage of small firms, specifically of the legal forms, sole proprietorships, and partnerships. Using a cross-section of 73,302 firms in 22 countries, ... -
Financing new entrepreneurship: Credit or microcredit?
( Elsevier , 2022 , Article)Building on the theory of information asymmetry, we investigate the impact of conventional banking versus the impact of microfinance on new entrepreneurship. We use a panel dataset collected from 49 developing countries ... -
Funding liquidity risk and banks' risk-taking: Evidence from Islamic and conventional banks
( Elsevier , 2020 , Article)The purpose of this paper is to investigate the impact of funding liquidity risk on the risk-taking behaviour of Islamic and conventional banks. Using bank-level and country-level data from 18 countries over the period ... -
Further evidence on the rationality of interest rate expectations: A comprehensive study of developed and emerging economies
( Elsevier , 2016 , Article)This study performs unbiasedness and efficiency tests of three-month and twelve-month ahead interest rate forecasts of one short-term and one long-term security of 10 developed and 20 emerging economies by exploiting a new ... -
Government debt and stock price crash risk: International Evidence
( Elsevier , 2024 , Article)We add to the literature on the economic outcomes of government debt and argue that government debt increases crash risk via two channels: (i) hoarding bad news and (ii) tax avoidance. Based on a large international sample, ... -
Hedging UK stock portfolios with gold and oil: The impact of Brexit
( Elsevier , 2022 , Article)The purpose of this paper is to examine dynamic co-movements and portfolio management strategies between UK stock indices (aggregate market index and sector indices) and each of gold and crude oil futures markets, during ... -
How does corruption undermine banking stability? A threshold nonlinear framework
( Elsevier , 2020 , Article)This study assesses the effect of corruption on the occurrence of banking crises for a sample of 38 countries over the period 2000-2017. We consider both the direct and the indirect channels through which corruption might ... -
The impact of business and political news on the GCC stock markets
( Elsevier , 2020 , Article)This paper investigates the impact of business and political news on stock market returns in the Gulf Cooperation Council (GCC) countries. For this purpose, it employs a Markov switching model including a separate index ... -
Impact of global health crisis and oil price shocks on stock markets in the GCC
( Elsevier , 2022 , Article)This study examines the impact of global COVID-19 cases and oil price shocks on the stock markets in the GCC. Using the Kalman filter to generate the unexpected oil price shocks, we find that, with the exception of Oman, ... -
Impact of renewable and non-renewable energy consumption on economic growth: New evidence from the MENA Net Oil Exporting Countries (NOECs)
( Elsevier , 2016 , Article)This study explores the economic growth – energy consumption nexus for two samples of MENA Net Oil Exporting Countries (NOECs) during the period 1980–2012. Using panel cointegration approach, we found strong evidence for ... -
The impact of Twitter-based sentiment on US sectoral returns
( Elsevier , 2022 , Article)This paper scrutinizes the effect of Twitter-based sentiment on US sectoral returns using data from between 21 June 2010 and 13 April 2020. We apply causality in quantiles as a non-parametric measure, followed by a rolling ...