经济学最新文献_第5页

Norms and Efficiency in a Multi-Group Society: An Online Experiment 多群体社会中的规范与效率：在线实验

IF 1.1 4区经济学

Journal of Public Economic Theory Pub Date : 2024-12-17 DOI: 10.1111/jpet.70010

Marco Catola, Simone D'Alessandro, Pietro Guarnieri, Veronica Pizziol

引用次数: 0

Within-regime volatility dynamics for observable- and Markov-switching score-driven models 可观测和马尔可夫切换分数驱动模型的区间波动动态

IF 10.4 2区经济学

Finance Research Letters Pub Date : 2024-12-16 DOI: 10.1016/j.frl.2024.106631

Szabolcs Blazsek, Dejun Kong, Samantha R. Shadoff

引用次数: 0

Does ESG enhance asset quality and funding cost management in banking diversification?

IF 10.4 2区经济学

Finance Research Letters Pub Date : 2024-12-16 DOI: 10.1016/j.frl.2024.106542

Seungho Baek, Moonsoo Kang

{"title":"Does ESG enhance asset quality and funding cost management in banking diversification?","authors":"Seungho Baek, Moonsoo Kang","doi":"10.1016/j.frl.2024.106542","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106542","url":null,"abstract":"This study examines the impact of Environmental, Social, and Governance (ESG) practices on asset quality and funding cost management within the global banking sector, focusing on the role of income diversification. Motivated by the increasing importance of sustainability in finance, this research explores how ESG performance influences banks’ loan portfolio quality and funding costs, particularly through a focus on classical interest income from lending activities versus non-traditional non-interest income. Utilizing a dataset of 1,865 banks across both developed and emerging markets from 2005 to 2022, this study employs panel fixed-effect regression models to assess the relationship between ESG integration, income diversification, and financial outcomes. The findings reveal that banks with stronger ESG performance experience enhanced asset quality and reduced funding costs due to a greater reliance on interest income activities. However, over-diversification into non-interest income activities is associated with deteriorating asset quality and increased credit costs. These results have significant implications for financial risk management, regulatory policy, and the development of sustainable banking practices in both mature and developing financial markets. The study provides a foundation for guiding banking sector policies that balance revenue diversification and ESG sustainability, ultimately enhancing banks’ asset quality and funding cost management.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"32 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142884059","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Hello, stranger? How attraction trumps interaction in ‘new’ public space

IF 4.7 1区经济学

Urban Studies Pub Date : 2024-12-16 DOI: 10.1177/00420980241295974

Sverre Bjerkeset

{"title":"Hello, stranger? How attraction trumps interaction in ‘new’ public space","authors":"Sverre Bjerkeset","doi":"10.1177/00420980241295974","DOIUrl":"https://doi.org/10.1177/00420980241295974","url":null,"abstract":"Chance interaction among diverse strangers is a much-celebrated feature of urbanity. The rise in privately owned and managed public spaces, tending to displace people, activities and exchanges that may threaten business interests, has thus raised broad concerns. However, how such ‘new’, high-profile public spaces of the neoliberal or entrepreneurial city differ from ‘traditional’, everyday ones in terms of spontaneous encounters, is not well covered in the ever-growing public space research. Drawing on long-term ethnographic fieldwork in Oslo, Norway, this article explores the occurrence of peaceful chance interactions among strangers in ‘new’ public space. In the two examined urban squares, representing ‘traditional’ and ‘new’ public space, strangers interact on a regularised versus an episodic basis, reflecting major differences in ‘contact-supporting circumstances’. A close reading of the pertinent scholarly literature indicates that these findings have a broader significance. The article’s key contribution is the detailed documentation and conceptualisation of basic circumstances that distinguish a ‘new’ from an ordinary, everyday public space with regards to chance interactions. Herein, the study points to an important shift in urban governance and planning since the 1980s. A market-led notion of attractiveness in the physical and social environment takes centre stage in prestigious urban developments, at the expense of the disordered exchanges of everyday life.","PeriodicalId":51350,"journal":{"name":"Urban Studies","volume":"89 1","pages":""},"PeriodicalIF":4.7,"publicationDate":"2024-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142831908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century

IF 8.9 1区经济学

Journal of Financial Economics Pub Date : 2024-12-16 DOI: 10.1016/j.jfineco.2024.103974

Mathijs Cosemans, Rik Frehen

引用次数: 0

Zoning a productive city? A typology of clustering, diversity and specialisation in Melbourne’s urban industrial areas

IF 4.7 1区经济学

Urban Studies Pub Date : 2024-12-16 DOI: 10.1177/00420980241297839

Carl Grodach, Nícolas Guerra-Tão

{"title":"Zoning a productive city? A typology of clustering, diversity and specialisation in Melbourne’s urban industrial areas","authors":"Carl Grodach, Nícolas Guerra-Tão","doi":"10.1177/00420980241297839","DOIUrl":"https://doi.org/10.1177/00420980241297839","url":null,"abstract":"This research focuses on identifying the nuanced land use dynamics of urban industrial zones. Industrial lands in major Western cities have undergone significant change in the face of increasingly competitive property markets. At the same time, many countries seek to reshore manufacturing and support local industrial activity amid changes in production technologies, global supply chain shocks and geopolitical insecurity. Yet policymakers often fail to seriously consider the contemporary character of industrial zones and research has yet to analyse this in a systematic way. In response, we employ k-means cluster analysis to develop a typology of industrial zones in Melbourne, Australia. The typology captures a range of industrial zone clusters, which vary by industry mix, specialisation and spatial pattern. While some clusters represent traditional industrial areas, others are highly diverse in terms of firm and employment mix encompassing service sector activity and specialised manufacturing industries. These variations underscore the limitations of traditional zoning frameworks focused predominately on use separation and point towards the need for more responsive and context-specific urban economic development and industrial land use policies.","PeriodicalId":51350,"journal":{"name":"Urban Studies","volume":"58 1","pages":""},"PeriodicalIF":4.7,"publicationDate":"2024-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142831910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Aging of population, digital financial inclusion, and public education expenditure

IF 10.4 2区经济学

Finance Research Letters Pub Date : 2024-12-16 DOI: 10.1016/j.frl.2024.106652

Huilin Wang, Jiliang Liu

引用次数: 0

Is the difference between deep hedging and delta hedging a statistical arbitrage? 深度套期保值和 delta 套期保值之间的区别是统计套利吗？

IF 10.4 2区经济学

Finance Research Letters Pub Date : 2024-12-16 DOI: 10.1016/j.frl.2024.106590

Pascal François, Geneviève Gauthier, Frédéric Godin, Carlos Octavio Pérez Mendoza

引用次数: 0

New industrial path development in “less glamorized regions”: actors, agencies, and rural opportunities