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
Community activism, Social ties and ESG campaign success 社区活动、社会关系和ESG运动的成功
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-12 DOI: 10.1016/j.frl.2024.106607
Akhil Raju, Vijaya B. Marisetty
{"title":"Community activism, Social ties and ESG campaign success","authors":"Akhil Raju, Vijaya B. Marisetty","doi":"10.1016/j.frl.2024.106607","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106607","url":null,"abstract":"ESG campaigns on rewards-based crowdfunding platforms face challenges due to their immeasurable rewards to investors. In this study, we examine the role of community activism and social ties in campaign success. Using community activism and social ties at county-level data in the US, we show that, those ESG campaigns (compared to propensity score matched non-ESG campaigns) launched in the counties with strong social ties and counties where there is higher civic engagement, show higher success rate. Our results highlight the role of quality of community engagement and the strength of social ties in ESG campaign success.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"59 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142884061","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
Corporate digitalization and innovation: The role of female executives 企业数字化与创新：女性高管的角色
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-12 DOI: 10.1016/j.frl.2024.106646
Tingfang Zhou, Jie Zhao
{"title":"Corporate digitalization and innovation: The role of female executives","authors":"Tingfang Zhou, Jie Zhao","doi":"10.1016/j.frl.2024.106646","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106646","url":null,"abstract":"The rapid advancement of digitalization in the past decade has brought tremendous changes to enterprises. In this article, utilizing a sample of A-share listed firms on the Shanghai Stock Exchange and Shenzhen Stock Exchange over the period of 2011 to 2021, we attempt to discover the implications of corporate digitalization for innovation performance. We provide reliable evidence that digitalization enhances corporate innovation performance. Moreover, we find this positive relationship is more pronounced when the firm has a larger ratio of female executives. In sum, this study advances the studies on digitalization and innovation, and generates valuable practical implications.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"48 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142911682","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 digital economy and the resilience of enterprise exports: Supply chain stability as a mediator 数字经济与企业出口弹性：供应链稳定性作为中介
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-12 DOI: 10.1016/j.frl.2024.106650
Kai Cui, Wen Yang
{"title":"The digital economy and the resilience of enterprise exports: Supply chain stability as a mediator","authors":"Kai Cui, Wen Yang","doi":"10.1016/j.frl.2024.106650","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106650","url":null,"abstract":"This study investigates the link between the digital economy and the resilience of enterprise exports, demonstrating that the digital economy strengthens the resilience of enterprise exports, with supply chain stability acting as a mediating factor. Moreover, the effect of the digital economy on the resilience of enterprise exports differs across regions, depending on the varying levels of the digital economy development in the East, Middle, and West. The findings remain consistent even after conducting robustness and endogeneity tests.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"15 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142911686","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
Modelling jumps with CARMA(p,q)-Hawkes: An application to corporate bond markets CARMA(p,q)-Hawkes的跳跃模型：在公司债券市场的应用
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-11 DOI: 10.1016/j.frl.2024.106563
Lorenzo Mercuri, Andrea Perchiazzo, Edit Rroji
{"title":"Modelling jumps with CARMA(p,q)-Hawkes: An application to corporate bond markets","authors":"Lorenzo Mercuri, Andrea Perchiazzo, Edit Rroji","doi":"10.1016/j.frl.2024.106563","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106563","url":null,"abstract":"In this paper, we employ the CARMA(p,q)-Hawkes model to investigate the intraday jumps observed in the corporate bond prices. We introduce a bivariate extension of the model, which deals with the cross-effect of upward and downward price movements. An empirical analysis is conducted on green and brown bonds with analogous characteristics. The findings indicate that higher-order univariate/bivariate CARMA(p,q)-Hawkes models produce a superior fit in jump activity with respect to Hawkes models with exponential kernels.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"31 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142841950","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 inclusion, Fintech, HDI, and green finance on environmental sustainability in E-7 countries 七国集团国家的金融包容性、金融科技、人类发展指数和绿色金融对环境可持续性的影响
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-11 DOI: 10.1016/j.frl.2024.106617
Ghulam Ghouse, Muhammad Ishaq Bhatti, Muhammad Junaid Nasrullah
{"title":"The impact of financial inclusion, Fintech, HDI, and green finance on environmental sustainability in E-7 countries","authors":"Ghulam Ghouse, Muhammad Ishaq Bhatti, Muhammad Junaid Nasrullah","doi":"10.1016/j.frl.2024.106617","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106617","url":null,"abstract":"This paper explores the complex relationships between financial inclusion, fintech adoption, the Human Development Index (HDI), and green finance in promoting environmental sustainability within E-7 economies. Using structural equation model, our analysis reveals a significant direct impact of HDI on environmental sustainability, with green innovation serving as a crucial mediator. These findings highlight the essential role of green innovation in enhancing sustainability in emerging economies, offering new insights into the synergy between financial practices, human development, and environmental conservation.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"257 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142841958","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
Invisible handcuffs: Nepotism culture and SMEs’ innovation 无形的手铐：裙带文化与中小企业创新
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-11 DOI: 10.1016/j.frl.2024.106589
Wenyu Xie, Weijun Yin, Dorothy Tu
{"title":"Invisible handcuffs: Nepotism culture and SMEs’ innovation","authors":"Wenyu Xie, Weijun Yin, Dorothy Tu","doi":"10.1016/j.frl.2024.106589","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106589","url":null,"abstract":"This paper investigates how nepotism culture affects SMEs’ innovation behavior. Using a large international datasets of small and medium enterprises, we establish the negative effect of nepotism culture on SMEs’ innovation, and observe the heterogeneous impact based on the presence of informal payments, financial constraints, and female ownership. Our results suggest that nepotism culture hinders highly skilled human capital and formal training, both of which are paramount for technological advancement and economic development. The policy implication is that promoting merit-based recruitment and reducing nepotistic practices could enhance innovation capacity, especially by fostering a more competitive environment.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"78 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142841959","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
From frenzy to flip: Unpacking foreign investor behavior in the wake of regulatory change 从狂热到翻转：解读监管变化后的外国投资者行为
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-11 DOI: 10.1016/j.frl.2024.106645
M A Aneesha, P J Jijo Lukose
{"title":"From frenzy to flip: Unpacking foreign investor behavior in the wake of regulatory change","authors":"M A Aneesha, P J Jijo Lukose","doi":"10.1016/j.frl.2024.106645","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106645","url":null,"abstract":"This study investigates the effects of a regulatory change that enabled a new category of Foreign Portfolio Investors (FPIs) to participate in the Indian IPO market. We find a significant increase in FPI demand and their share in the total institutional holdings post-regulation. Further, we observe a significant rise in flipping activity accompanied by a decline in FPI holdings during the two quarters after an IPO. Despite these changes, the level of information uncertainty remains largely unchanged. These findings underscore regulatory interventions' complex and multifaceted consequences on FPI behavior and its broader implications for IPO market dynamics.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"1 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142884064","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
ETFs, financing constraints and corporate investment efficiency: An analysis of the regulatory effect based on equity incentive policies etf、融资约束与企业投资效率：基于股权激励政策的监管效果分析
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-10 DOI: 10.1016/j.frl.2024.106628
Qi Liu
{"title":"ETFs, financing constraints and corporate investment efficiency: An analysis of the regulatory effect based on equity incentive policies","authors":"Qi Liu","doi":"10.1016/j.frl.2024.106628","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106628","url":null,"abstract":"The diversity of ETF products and their trading adaptability provide an effective means to optimize investment portfolios and enhance capital allocation efficiency, thereby better promoting corporate investment efficiency. This paper conducts an empirical analysis based on data from listed companies between 2008 and 2022, leading to the following conclusions: ETFs have a positive effect on improving corporate investment efficiency. They help alleviate financing constraints, which in turn boosts investment efficiency. The impact of ETFs is stronger on companies in the eastern regions, and the effect is greater on non-state-owned enterprises than on state-owned ones. Moreover, when equity incentive policies are well-implemented, the positive influence of ETFs on investment efficiency is further amplified.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"78 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142884066","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
Spillover among biodiversity attention, climate policy uncertainty and global stock markets 生物多样性关注度、气候政策不确定性和全球股市之间的溢出效应
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-10 DOI: 10.1016/j.frl.2024.106627
Dandan Ma, Qiang Ji, Dayong Zhang, Wanli Zhao
{"title":"Spillover among biodiversity attention, climate policy uncertainty and global stock markets","authors":"Dandan Ma, Qiang Ji, Dayong Zhang, Wanli Zhao","doi":"10.1016/j.frl.2024.106627","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106627","url":null,"abstract":"This paper investigates the spillover effects among global climate policy uncertainty (GCPU), global biodiversity attention (GBA) and the stock markets of the G7 and BRICS nations. In the static network, GBA's spillover effects towards stock markets are mild, with the US market experiencing the highest net spillover, while GCPU shows a large and widespread effect on various stock markets. In the dynamic network, the results show the spillovers from GBA towards the US stock market and from GCPU towards various stock markets both increasing during international conferences related to climate change and biodiversity.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"60 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142841988","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
Valuing options with hybrid default risk under the stochastic volatility model 在随机波动模型下对具有混合违约风险的期权进行估值
IF 10.4 2区 经济学
Finance Research Letters Pub Date : 2024-12-10 DOI: 10.1016/j.frl.2024.106521
Ana Yun, Geonwoo Kim
{"title":"Valuing options with hybrid default risk under the stochastic volatility model","authors":"Ana Yun, Geonwoo Kim","doi":"10.1016/j.frl.2024.106521","DOIUrl":"https://doi.org/10.1016/j.frl.2024.106521","url":null,"abstract":"In this paper, we study the valuation of options with hybrid default risk when the underlying assets are driven by a two-factor stochastic volatility model. The hybrid default model is developed by integrating the reduced-form and structural models, and the correlation between the underlying asset and default risk is considered. In the proposed framework, we adopt the probabilistic approach based on the measure-change technique to obtain an explicit pricing formula for the option. Finally, we present several numerical examples including discussions.","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"86 1","pages":""},"PeriodicalIF":10.4,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142841952","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