发布求助
文献互助 智能选刊 最新文献

Finance Research Letters最新文献

筛选
英文 中文
The role of enterprises in the relationship between climate risk and regional governmental income
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-21 DOI: 10.1016/j.frl.2025.107252
Dahai Yu , Yao Tan
{"title":"The role of enterprises in the relationship between climate risk and regional governmental income","authors":"Dahai Yu ,&nbsp;Yao Tan","doi":"10.1016/j.frl.2025.107252","DOIUrl":"10.1016/j.frl.2025.107252","url":null,"abstract":"<div><div>Most domestic enterprises perceive overseas relocation as infeasible. By developing a damage ranking index to evaluate relative climate change risks across China's 31 provincial regions and using panel data from 2003 to 2019, this study reveals that enterprises exhibit complete mediation effects in the relationship between climate change risk and governmental income. Large enterprises and private enterprises exhibit the most and least sensitivities, respectively, to external influences. Furthermore, comparative heterogeneity tests suggest that, within the context of rapid regional development, only minor damage from climate disasters has occurred in China, implying that its domestic climate regulations are primarily motivated by a commitment to global climate mitigation responsibilities.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107252"},"PeriodicalIF":7.4,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143683234","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
Does good corporate governance reduce cost of mutual fund investments: An emerging market perspective
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-21 DOI: 10.1016/j.frl.2025.107265
Dr. Munawar Sayyad (Assistant Professor - Finance and Accounting) , Dr. Kaushik Bhattacharjee (Associate Professor - Finance and Accounting) , Dr. Rajesh Pathak (Associate Professor - Finance and Accounting)
{"title":"Does good corporate governance reduce cost of mutual fund investments: An emerging market perspective","authors":"Dr. Munawar Sayyad (Assistant Professor - Finance and Accounting) ,&nbsp;Dr. Kaushik Bhattacharjee (Associate Professor - Finance and Accounting) ,&nbsp;Dr. Rajesh Pathak (Associate Professor - Finance and Accounting)","doi":"10.1016/j.frl.2025.107265","DOIUrl":"10.1016/j.frl.2025.107265","url":null,"abstract":"<div><div>We investigate if the quality of corporate governance affects the cost of investing in mutual funds. Using data of mutual funds from India, we show that firms with smaller and more independent board associate with lower total expense ratio (TER). Moreover, bank sponsored funds and funds from privately held AMCs exhibit lower TER. Additionally, investing in funds with women directors on the board is cost effective. Our results are consistent with agency and signaling theory and survive to the battery of robustness test including alternate specifications, methods (Tobit and Quantile regressions) and test of endogeneity.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107265"},"PeriodicalIF":7.4,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143739172","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
Does big data tax governance alleviate maturity mismatch in corporate investment and financing
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-20 DOI: 10.1016/j.frl.2025.107248
Qian Niu , Qiuyuan Ou , Fengli Kang
{"title":"Does big data tax governance alleviate maturity mismatch in corporate investment and financing","authors":"Qian Niu ,&nbsp;Qiuyuan Ou ,&nbsp;Fengli Kang","doi":"10.1016/j.frl.2025.107248","DOIUrl":"10.1016/j.frl.2025.107248","url":null,"abstract":"<div><div>The maturity mismatch between corporate investment and financing is an urgent issue. This study uses data of Chinese A-share listed firms from 2009 to 2021 to examine whether local big data tax governance can address this mismatch. Furthermore, it investigates corporate tax compliance to understand how big data tax governance affects this mismatch. Results show that big data tax governance intensifies firms’ investment and financing mismatch by improving corporate tax compliance.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107248"},"PeriodicalIF":7.4,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143705949","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
The effects of government bailouts on bank performance in the EU
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-20 DOI: 10.1016/j.frl.2025.107181
Soňa Sivá
{"title":"The effects of government bailouts on bank performance in the EU","authors":"Soňa Sivá","doi":"10.1016/j.frl.2025.107181","DOIUrl":"10.1016/j.frl.2025.107181","url":null,"abstract":"<div><div>This paper evaluates the effects of EU government bailout policies in the years 2008–2014 on bank performance using the difference-in-differences and propensity score methods. The findings reveal that bailed-out banks exhibited higher lending activities compared to non-aided banks, both in EU core and EU periphery regions. However, this increase in lending in the EU periphery was accompanied by a rise in non-performing loans. These findings underscore financial market fragmentation during the EU debt crisis and confirm the theory that bailouts, while mitigating credit constraints, may also incentivize excessive risk-taking.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107181"},"PeriodicalIF":7.4,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143698066","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
The impact of financial support and innovation awareness on farmers' adoption of green production technology
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-20 DOI: 10.1016/j.frl.2025.107259
Chao Han, Juekai Lyu, Daojun Zhong
{"title":"The impact of financial support and innovation awareness on farmers' adoption of green production technology","authors":"Chao Han,&nbsp;Juekai Lyu,&nbsp;Daojun Zhong","doi":"10.1016/j.frl.2025.107259","DOIUrl":"10.1016/j.frl.2025.107259","url":null,"abstract":"<div><div>To analyze the impact mechanisms of financial support, innovation awareness, and other related factors on farmers’ willingness to adopt green production technology, this study uses the Oprobit model to investigate data from 521 surveys in Henan, Guangdong, and Fujian provinces. Results indicate that (1) the more monetary support farmers receive, the stronger their willingness to adopt green production technology will be. Concurrently, risk perception has a negative moderating influence on the process of monetary support affecting farmers’ willingness to adopt green production technology. (2) The more policy support farmers receive, the stronger their willingness to adopt green production technology will be. Additionally, the market environment has a positive promotional influence on the process of policy support affecting farmers’ willingness to adopt green production technology. (3) The stronger a farmers’ technological capabilities, the stronger their willingness to adopt green production technology will be. Technology adoption costs have a negative moderating influence on the path of technological capabilities affecting farmers’ willingness to adopt green production technology.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107259"},"PeriodicalIF":7.4,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143683230","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
Legal governance and banking efficiency
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-20 DOI: 10.1016/j.frl.2025.107239
Shuwen Wang , Han Luo
{"title":"Legal governance and banking efficiency","authors":"Shuwen Wang ,&nbsp;Han Luo","doi":"10.1016/j.frl.2025.107239","DOIUrl":"10.1016/j.frl.2025.107239","url":null,"abstract":"<div><div>This study using panel data from 15 middle- and high-income countries between 2000 and 2022. Employing a fixed effects panel model, the analysis also investigates the moderating effect of income inequality on these relationships. The results indicate that the legal environment, corruption control, and regulatory quality all positively contribute to banking efficiency. Moderation analysis reveals that income inequality does not influence the positive effect of the legal environment but strengthens the positive effects of corruption control and regulatory quality. The study suggests that policymakers should prioritize strengthening legal infrastructure and improving regulatory standards to support banking system efficiency.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107239"},"PeriodicalIF":7.4,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143748663","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
Financial conditions and Sino-US tensions: A Granger causality analysis of diverging financial condition indicators
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-20 DOI: 10.1016/j.frl.2025.107199
Yifei Cai , Yijuan Shen , Gazi Salah Uddin
{"title":"Financial conditions and Sino-US tensions: A Granger causality analysis of diverging financial condition indicators","authors":"Yifei Cai ,&nbsp;Yijuan Shen ,&nbsp;Gazi Salah Uddin","doi":"10.1016/j.frl.2025.107199","DOIUrl":"10.1016/j.frl.2025.107199","url":null,"abstract":"<div><div>The study reveals that US financial conditions consistently Granger-cause variations in Sino-US political tensions, with the reverse causality observed only when using the Chicago Fed’s National Financial Conditions Index, while no such impact is found with the newly introduced US - Fed Financial Conditions Impulse on Growth Index, highlighting the importance of using diverse financial indicators to assess the impact of political tensions.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107199"},"PeriodicalIF":7.4,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143683172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does the abrupt change of a partner or manager affect audit quality?
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-20 DOI: 10.1016/j.frl.2025.107266
Huanmin Yan , Zile Yu , Haodong Zhao , Hangyu Jiang , Xuehua Zhang
{"title":"Does the abrupt change of a partner or manager affect audit quality?","authors":"Huanmin Yan ,&nbsp;Zile Yu ,&nbsp;Haodong Zhao ,&nbsp;Hangyu Jiang ,&nbsp;Xuehua Zhang","doi":"10.1016/j.frl.2025.107266","DOIUrl":"10.1016/j.frl.2025.107266","url":null,"abstract":"<div><div>Using a sample of Chinese A-share listed companies, this study examines how the abrupt change of a partner or manager impacts audit quality. Findings suggest that the abrupt change of a partner or manager significantly reduces audit quality. The negative impact on audit quality is the most significant when both partner and manager changed rather than when either the partner or manager changed. Further analysis shows that disclosing a change or reappointing a former auditor can mitigate the negative impact of this abrupt change on audit quality. The negative effects of abrupt auditor change on audit quality are more pronounced in smaller accounting firms and non-state-owned enterprises compared with larger accounting firms and state-owned enterprises. These findings can help improve the auditor appointment mechanism within accounting firms.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107266"},"PeriodicalIF":7.4,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143683239","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
New energy demonstration cities policy and urban green transformation
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-20 DOI: 10.1016/j.frl.2025.107261
Peng Wang , Donghai Li
{"title":"New energy demonstration cities policy and urban green transformation","authors":"Peng Wang ,&nbsp;Donghai Li","doi":"10.1016/j.frl.2025.107261","DOIUrl":"10.1016/j.frl.2025.107261","url":null,"abstract":"<div><div>This study examines the effectiveness of China's New Energy Demonstration City policy in advancing urban green transformation. Using panel data from 286 prefecture-level cities spanning 2007–2021, we apply a difference-in-differences approach to assess the policy's impact on green total factor productivity. Our analysis identifies significant positive effects driven by two key mechanisms: foreign direct investment, promoting technology transfer, and infrastructure development, enhancing resource allocation efficiency. The findings highlight variations in policy effectiveness across regions and urban hierarchies, with differing impacts between Eastern and Central–Western regions as well as between center and noncenter cities. These results provide empirical insights for optimizing environmental policies to suit diverse urban contexts.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107261"},"PeriodicalIF":7.4,"publicationDate":"2025-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143696129","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
A novel method for analyzing financial market efficiency through fuzzy set theory
IF 7.4 2区 经济学
Finance Research Letters Pub Date : 2025-03-19 DOI: 10.1016/j.frl.2025.107243
Abolfazl Askari, Ehsan Hajizadeh
{"title":"A novel method for analyzing financial market efficiency through fuzzy set theory","authors":"Abolfazl Askari,&nbsp;Ehsan Hajizadeh","doi":"10.1016/j.frl.2025.107243","DOIUrl":"10.1016/j.frl.2025.107243","url":null,"abstract":"<div><div>This paper introduces the Fuzzy Market Inefficiency Measure (FMIM), a novel approach for evaluating financial market efficiency by leveraging fuzzy set theory. FMIM addresses limitations in traditional metrics by modeling inefficiency as a triangular fuzzy number, capturing the inherent uncertainties and non-linear dynamics of financial markets. The methodology incorporates fuzzy regression with triangular membership functions and employs a straightforward optimization framework for parameter estimation. Empirical analysis across diverse asset classes—including equities, commodities, and cryptocurrencies—demonstrates FMIM's robustness, particularly during periods of heightened market uncertainty, such as the 2008 financial crisis and the 2020 COVID-19 pandemic. FMIM not only detects pronounced inefficiencies during turbulence but also provides nuanced insights into subtle variations under stable conditions. By introducing a flexible and adaptive framework, FMIM offers researchers, analysts, and policymakers a powerful tool for advancing the understanding of inefficiency dynamics in complex financial environments.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"78 ","pages":"Article 107243"},"PeriodicalIF":7.4,"publicationDate":"2025-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143683960","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
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信