Emerging Markets: Finance eJournal最新文献_第4页

Impact of Environmental, Social and Governance (ESG) Factors on Stock Returns of Emerging Markets 环境、社会和治理(ESG)因素对新兴市场股票收益的影响

Emerging Markets: Finance eJournal Pub Date : 2021-06-08 DOI: 10.2139/ssrn.3866655

DINABANDHU BAG, Satyajit Mohanty

引用次数: 1

How do Family and Managerial Ownership Structure Effect Real Earnings Management? 家族和管理层股权结构如何影响真实盈余管理?

Emerging Markets: Finance eJournal Pub Date : 2021-06-01 DOI: 10.9734/AJEBA/2021/V21I730401

M. Siraji, M. Nazar

{"title":"How do Family and Managerial Ownership Structure Effect Real Earnings Management?","authors":"M. Siraji, M. Nazar","doi":"10.9734/AJEBA/2021/V21I730401","DOIUrl":"https://doi.org/10.9734/AJEBA/2021/V21I730401","url":null,"abstract":"Despite several works on corporate governance examine the ownership structure on earnings management, the empirical research on Real Earnings Management (REM) is limited. Thus, the main purpose of the research is to examine the effect of family and managerial ownership on real earnings management of selected non-financial listed companies at the Colombo Stock Exchange (CSE) in Sri Lanka. The researchers use a quantitative approach to address this current issue, and the data were collected using a sample of 206 firms listed at the CSE during the highest market capitalization period from 2015/2016 to 2019/2020 and eliminated the companies listed in the industry of bank, finance and insurance because the companies are governing by rules and regulation. The study found that family and managerial ownership play a prominent role and negatively related to real earning management activity. The finding of the study contributes to knowledge in earnings management of agency theory literature in developing economies, and help the investors, supplier auditors and policymakers for their decision-making activities by detecting the real earning management in different ownership structure.","PeriodicalId":153840,"journal":{"name":"Emerging Markets: Finance eJournal","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128525636","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

IPO-Audit Expertise, Audit Quality, and Capital Allocation Efficiency: Evidence from China ipo审计专业知识、审计质量与资本配置效率:来自中国的证据

Emerging Markets: Finance eJournal Pub Date : 2021-06-01 DOI: 10.2139/ssrn.3876506

Donghui Wu, Zhifeng Yang, Feiteng Ye

引用次数: 0

Real Earnings Management Through Sales Manipulation and Firm Performance: Evidence from China 通过销售操纵和企业绩效的真实盈余管理:来自中国的证据

Emerging Markets: Finance eJournal Pub Date : 2021-05-23 DOI: 10.2139/ssrn.3851575

Jahidur Rahman, Ni Xiong

引用次数: 1

Effects of Capital Account Liberalization on Emerging Stock Market: Evidence from China’s Shanghai - Hong Kong Stock Connect 资本项目自由化对新兴股市的影响:来自中国沪港通的证据

Emerging Markets: Finance eJournal Pub Date : 2021-05-18 DOI: 10.2139/ssrn.3848706

Feng Xiao

引用次数: 0

Effect Of Gender, Age And Income 0n Investors' Risk Perception In Investment Decision: A Survey Study 性别、年龄和收入对投资者投资决策风险感知影响的调查研究

Emerging Markets: Finance eJournal Pub Date : 2021-05-11 DOI: 10.2139/ssrn.3843470

Palash Bairagi, Anindita Chakraborty

引用次数: 4

Performance Analysis of Financial Ratios - Indian Public Non-Life Insurance Sector 财务比率的绩效分析-印度公共非寿险部门

Emerging Markets: Finance eJournal Pub Date : 2021-04-30 DOI: 10.2139/ssrn.3837465

Jeelan Basha., Dr. Bhadrappa Haralayya

引用次数: 16

Impact of Blockchain on Financial Technology – Challenges and Strategies 区块链对金融技术的影响——挑战与策略

Emerging Markets: Finance eJournal Pub Date : 2021-04-23 DOI: 10.2139/ssrn.3832937

Ayan Tyagi

引用次数: 0

Impacts of Corporate Announcements on Stock Returns during the Global Pandemic: Evidence from the Indian Stock Market 全球疫情期间公司公告对股票收益的影响:来自印度股票市场的证据

Emerging Markets: Finance eJournal Pub Date : 2021-04-23 DOI: 10.2139/ssrn.3851438

Dharen Kumar Pandey, V. Kumari

{"title":"Impacts of Corporate Announcements on Stock Returns during the Global Pandemic: Evidence from the Indian Stock Market","authors":"Dharen Kumar Pandey, V. Kumari","doi":"10.2139/ssrn.3851438","DOIUrl":"https://doi.org/10.2139/ssrn.3851438","url":null,"abstract":"PurposeThe authors examine the impacts of corporate announcements on stock returns during the pandemic stress.Design/methodology/approachThe authors employ the event study methodology with the market model on a sample of 90 events (announcement and ex-date).FindingsThe authors find that all the corporate announcements do not impact the stock returns in a similar pattern. While the bonus announcement, ex-bonus and ex-split events led to positive significant abnormal returns on the event date, the rights issue and stock-split announcements failed to influence the stock returns. The findings suggest that before making such announcements, the corporates should wait until the market recovers because even the positively impacting events result in negative market responses during pandemic stress.Practical implicationsThis study will guide the policymakers to stimulate share prices during such pandemics with the help of various corporate announcements. The investors will be assisted in understanding the stock market mechanism and making wise decisions before reacting to corporate actions during a pandemic or emergency period. While the policymakers are concerned with influencing the share prices, the investors are concerned with the composition of the risk-return parameters in their portfolio. This study will act as an essential investment tool for both.Originality/valueTo the best of the authors’ knowledge, the authors conduct the first-ever study to examine the impacts of corporate announcements during a pandemic stress period that significantly contributes to the literature. The authors examine the announcement effects in India and accurately anticipate that this study will be a pioneer in this field. This study also paves the way for future researches in this area.","PeriodicalId":153840,"journal":{"name":"Emerging Markets: Finance eJournal","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114071050","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 19

Changing Environment for Opening of Chinese Financial Sector and Implications 中国金融业开放环境的变化及其启示

Emerging Markets: Finance eJournal Pub Date : 2021-04-22 DOI: 10.2139/ssrn.3885408

S. Hyun, Su Yeob Na, Youngsun Kim, Koun Cho, Bongkyo Seo

{"title":"Changing Environment for Opening of Chinese Financial Sector and Implications","authors":"S. Hyun, Su Yeob Na, Youngsun Kim, Koun Cho, Bongkyo Seo","doi":"10.2139/ssrn.3885408","DOIUrl":"https://doi.org/10.2139/ssrn.3885408","url":null,"abstract":"The opening of China's financial sector has progressed at a very slow pace, unlike the manufacturing and trade sectors that have pushed for an active opening to the outside world. The Chinese economy has been growing rapidly while serving as a global production base, but since 2012, it has become necessary to modify its approaches to achieve growth as it enters an era of medium-speed growth. Recently, new reform and opening measures have been taken in various fields to improve the quality of the Chinese economy, and the need for reform and opening in the financial sector has also increased. Internally, the financial system centered on China's state-owned commercial banks has focused on indirect financing, which has served as a major obstacle to upgrading China's economy and industry to the next level, further increasing the need for reform and opening of the financial sector. Moreover, externally, the U.S.-China conflict which began in earnest in 2018, is applying strong pressure toward reform and opening in China’s financial sector. The Chinese government began to show a proactive attitude toward financial opening amid such internal needs and external pressure, and an important development was seen in China’s financial opening when President Xi Jinping declared further opening measures at the Boao Forum in April 2018. The Chinese financial authorities have prepared follow-up measures related to financial opening, and the Chinese government’s efforts toward financial opening in the three years from 2018 to 2020 yielded more results than the ten-year opening period since its accession to the WTO. Against this backdrop, this study examines the main contents of China’s financial opening process, which has been accelerating recently, and derives evaluation and implications.","PeriodicalId":153840,"journal":{"name":"Emerging Markets: Finance eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130697514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0