Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad最新文献_第6页

The aftermarket performance of Spanish REITs 西班牙房地产投资信托基金的后市场表现

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-07-18 DOI: 10.1080/02102412.2021.1927531

Leticia Castaño, Josefina Farinos, Ana M. Ibáñez

引用次数: 3

Value investing: application of different strategies to equity mutual funds 价值投资:不同策略在股票共同基金中的应用

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-07-10 DOI: 10.1080/02102412.2021.1909318

Juan Manuel Iglesias García, Luís Otero González, Pablo Durán Santomil

引用次数: 1

Interest rates, liquidity and the corporate financing decision throughout the business cycle: a European analysis 整个商业周期中的利率、流动性和企业融资决策:欧洲分析

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-04-05 DOI: 10.1080/02102412.2021.1914388

Pedro Luis Vega-Gutierrez, Juan Antonio Rodriguez-Sanz

引用次数: 0

Family ownership and corporate social responsibility disclosure 家族所有权与企业社会责任披露

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-03-25 DOI: 10.1080/02102412.2021.1904661

Abdullah Alsaadi

{"title":"Family ownership and corporate social responsibility disclosure","authors":"Abdullah Alsaadi","doi":"10.1080/02102412.2021.1904661","DOIUrl":"https://doi.org/10.1080/02102412.2021.1904661","url":null,"abstract":"ABSTRACT This study investigates the association between family ownership and the level of CSR disclosure, and to what extent country-level institutional differences and level of industry risk differences influence this association. Using a sample of firms domiciled across 14 European countries for the period from 2010 to 2017, the empirical results show that there is a negative association between family ownership and CSR disclosure. The study also indicates that both institutional environments and the industry risk have influence on the association between family ownership and CSR disclosure. In particular, family-owned firms domiciled in coordinated market economies demonstrate a higher degree of CSR disclosure in comparison to their counterparts operating in liberal market economies. Further, the results show various levels of associations between family ownership and CSR disclosure, as well as social and environmental disclosures, for family-owned firms domiciled in the sub-categories of CMEs. In terms of industry risk, family-owned firms operating in high-risk industries have higher scores of CSR compared to firms in low-risk industries. Moreover, family-owned firms that operate in high-risk industries have higher scores of environmental disclosure, compared to social disclosure, in order to increase their legitimacy on environmental issues.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127698336","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: 12

The effect of a switch of management company on pension plan fees 管理公司变更对养老金计划费用的影响

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-02-23 DOI: 10.1080/02102412.2021.1896195

I. Abínzano, L. Muga, R. Santamaría

引用次数: 0

International diversification and performance in family firm: Exploring nonlinear relationships with the governance structure in an emerging economy 家族企业国际多元化与绩效:新兴经济体治理结构的非线性关系探讨

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-02-02 DOI: 10.1080/02102412.2021.1886453

Christian Espinosa-Méndez, Mauricio Jara

{"title":"International diversification and performance in family firm: Exploring nonlinear relationships with the governance structure in an emerging economy","authors":"Christian Espinosa-Méndez, Mauricio Jara","doi":"10.1080/02102412.2021.1886453","DOIUrl":"https://doi.org/10.1080/02102412.2021.1886453","url":null,"abstract":"ABSTRACT In this study, we researched the relationship between international diversification and performance in family firms in an emerging economy. Likewise, from the perspective of the governance structure, we investigated non-linear relationships between business group membership, concentration of ownership as well as pyramid ownership with the performance of internationally diversified family firms. Considering a sample of 83 companies that have been listed on the Santiago de Chile Stock Exchange during the period between 2003 and 2013, we find an inverted U relationship between international diversification and performance; a U relationship between international diversification and performance in family firms; an inverted U relationship between the performance of internationalised family firms and affiliation to a business group; a U relationship between the performance of internationalised family firms and concentration of ownership; and a non-linear relationship in the inverted U form between the performance of internationalised family firms and high divergence between control and cash flow rights and U in the case of low divergence.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133402486","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: 2

The speed of adjustment in net operating working capital: an international study 净营运资金的调整速度:一项国际研究

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-01-05 DOI: 10.1080/02102412.2020.1864176

Sonia Baños-Caballero, Pedro J. García‐Teruel, P. Martínez‐Solano

引用次数: 1

Variance risk premium and expected currency return: the story is different at the tails of the distribution 方差风险溢价和预期货币回报:分布的尾部情况不同

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2021-01-02 DOI: 10.1080/02102412.2020.1863127

B. Sahin

引用次数: 1

Bank rating migrations before and since the onset of the financial crisis 银行评级在金融危机爆发前后发生了变化

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2020-11-20 DOI: 10.1080/02102412.2020.1805953

Carlos Salvador Muñoz, Luis Tormo García, M. C. Ramos-Herrera

{"title":"Bank rating migrations before and since the onset of the financial crisis","authors":"Carlos Salvador Muñoz, Luis Tormo García, M. C. Ramos-Herrera","doi":"10.1080/02102412.2020.1805953","DOIUrl":"https://doi.org/10.1080/02102412.2020.1805953","url":null,"abstract":"ABSTRACT This paper analyses bank rating dynamics in Europe and the United States from 2000 to 2016. In particular, two questions are addressed: (i) whether the rating agencies replicate prior changes in ratings made by other agencies (the lead-lag strategy) and (ii) whether previous rating signals (changes in ratings and in watchlist status) issued by an agency influence the likelihood of that agency making further rating changes (rating momentum). The results obtained constitute further evidence of the interdependence between the downgrades and upgrades issued by pairs of agencies. This interdependence increased significantly since the onset of the global financial crisis, when banks experienced a significant deterioration in their financial situation and the rating agencies were in the spotlight. The results also provide evidence that rating momentum is an important factor in predicting future rating actions and that, following the onset of the crisis, agencies are more likely to conduct subsequent downgrades than upgrades. Therefore, the findings suggest that rating dynamics are good predictors of upcoming rating actions, and that CRAs adopted more conservative behaviour since the onset of the crisis.","PeriodicalId":244340,"journal":{"name":"Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116876686","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: 2

EUROPEAN ACCOUNTING: HOPWOOD VS BREXIT on the development of the Spanish accounting academic community within the framework of the European Accounting Association 欧洲会计:HOPWOOD VS BREXIT关于欧洲会计协会框架内西班牙会计学术界的发展

Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad Pub Date : 2020-11-12 DOI: 10.1080/02102412.2020.1824114

L. Cañibano

引用次数: 2