Claudia Girardone, Laura Nieri, Stefano Piserà, Rosalia Santulli
{"title":"Does FinTech credit affect firms’ cost of capital and capital structure?","authors":"Claudia Girardone, Laura Nieri, Stefano Piserà, Rosalia Santulli","doi":"10.1080/1351847x.2024.2383643","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2383643","url":null,"abstract":"This paper explores the effect of FinTech credit on firms’ cost of capital and capital structure. Based on a sample of 3,491 non-financial firms operating in 38 OECD countries during the period 201...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141942721","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}
{"title":"Macroeconomic uncertainty and the excess returns of stock","authors":"Yingfan Ge, Xiangyun Xu, Cong Yu, Jie Meng","doi":"10.1080/1351847x.2024.2385063","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2385063","url":null,"abstract":"This paper proposes a theoretical model based on traditional ICAPM and dividend growth models but with variance-belief formation features such as overextrapolation and sticky expectation to link th...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"59 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141942722","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}
{"title":"Portfolio optimization beyond utility maximization: the case of driftless markets","authors":"Jan Vecer, Mark Richard, Stephen Taylor","doi":"10.1080/1351847x.2024.2375221","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2375221","url":null,"abstract":"This paper presents a novel perspective on portfolio optimization by recognizing that prices can be expressed as a scaled likelihood ratio of state price densities. This insight leads to the immedi...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141741111","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}
Marina Koelbl, Ralf Laschinger, Bertram I. Steininger, Wolfgang Schaefers
{"title":"Revealing the risk perception of investors using machine learning","authors":"Marina Koelbl, Ralf Laschinger, Bertram I. Steininger, Wolfgang Schaefers","doi":"10.1080/1351847x.2024.2364831","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2364831","url":null,"abstract":"Corporate disclosures convey crucial information to financial market participants. While machine learning algorithms are commonly used to extract this information, they often overlook the use of id...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"72 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141942723","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}
{"title":"The first is free: do employee stocks incentivize stock market participation?","authors":"Ulf Nielsson, Oliver-Alexander Press","doi":"10.1080/1351847x.2024.2369298","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2369298","url":null,"abstract":"Relatively few people participate in the stock market. We investigate whether getting employee stocks as part of one’s compensation makes people more likely to actively invest in stocks. We find th...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141611420","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}
Panagiota Siameti, Dimitris K. Chronopoulos, George Dotsis
{"title":"Negative rates and bank profit and cost efficiency: evidence for Eurozone","authors":"Panagiota Siameti, Dimitris K. Chronopoulos, George Dotsis","doi":"10.1080/1351847x.2024.2366367","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2366367","url":null,"abstract":"This paper studies the effect of Negative Interest Rates Policies (NIRP) on the performance of Eurozone Banks. To this end, we apply a stochastic frontier analysis (SFA) to a sample of 1446 banks f...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"46 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141611417","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}
{"title":"Does the form of state ownership and political connections influence the incidence of financial statement fraud?","authors":"Yang Wang, John K. Ashton, Jia Liu","doi":"10.1080/1351847x.2024.2363421","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2363421","url":null,"abstract":"Do forms of state ownership and politically connected senior management affect the incidence of financial statement fraud? In this study, we consider these questions and provide new evidence as to ...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"2018 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141510478","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}
{"title":"CEO overconfidence and the speed of adjustment of cash holdings","authors":"Izidin El Kalak, Marc Goergen, Yilmaz Guney","doi":"10.1080/1351847x.2024.2364829","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2364829","url":null,"abstract":"In this study, we examine the links between CEO overconfidence, the speed of adjustment (SOA) of cash holdings, and firm value for listed US firms, finding a positive effect of CEO overconfidence o...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141510479","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}
Pedro Luis Vega-Gutiérrez, Félix J. López-Iturriaga, Juan Antonio Rodríguez-Sanz
{"title":"Economic policy uncertainty and capital structure in Europe: an agency approach","authors":"Pedro Luis Vega-Gutiérrez, Félix J. López-Iturriaga, Juan Antonio Rodríguez-Sanz","doi":"10.1080/1351847x.2024.2364044","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2364044","url":null,"abstract":"Motivated by the unprecedented levels of economic policy uncertainty (EPU) recently experienced in Europe, we study how EPU affects capital structure and whether cultural, institutional, and financ...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"49 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141510480","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}
Yan Chen, Gang-Jin Wang, You Zhu, Chi Xie, Gazi Salah Uddin
{"title":"Identifying systemic risk drivers of FinTech and traditional financial institutions: machine learning-based prediction and interpretation","authors":"Yan Chen, Gang-Jin Wang, You Zhu, Chi Xie, Gazi Salah Uddin","doi":"10.1080/1351847x.2024.2358940","DOIUrl":"https://doi.org/10.1080/1351847x.2024.2358940","url":null,"abstract":"We study systemic risk drivers of FinTech and traditional financial institutions under normal and extreme market conditions. We use machine learning (ML) techniques (i.e. random forest and gradient...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"43 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141252108","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}