American J. of Finance and Accounting最新文献_第10页

Dynamic panel estimation models and foreign direct investment in developing countries 动态面板估计模型与发展中国家的外国直接投资

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/ajfa.2020.10032525

Omar Ahmad Al Titi, Musa Essayyad, B. Mishra

引用次数: 0

An examination of technical, pure technical and scale efficiencies in GCC banking 审查海湾合作委员会银行业务的技术、纯技术和规模效率

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/AJFA.2008.019950

Saeed Mubarak Al Muharrami

引用次数: 19

How bad is bad news? Assessing the effects of environmental incidents on firm value 坏消息到底有多坏?评估环境事件对公司价值的影响

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/AJFA.2009.031774

T. Lundgren, Rickard Olsson

引用次数: 14

Institutional ownership, liquidity and firm performance 机构所有权、流动性和公司绩效

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/AJFA.2014.060810

Khemaies Bougatef, Sahbi Missaoui

引用次数: 0

Constructing an alternative dollar index to gauge the movements in currency markets 构建另一种美元指数来衡量外汇市场的走势

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/AJFA.2009.031772

Musa Essayyad, Khaled Albinali, Omar Al‐Titi, M. Sauceda

{"title":"Constructing an alternative dollar index to gauge the movements in currency markets","authors":"Musa Essayyad, Khaled Albinali, Omar Al‐Titi, M. Sauceda","doi":"10.1504/AJFA.2009.031772","DOIUrl":"https://doi.org/10.1504/AJFA.2009.031772","url":null,"abstract":"The methodology of building up a dollar index capturing the appropriate weights of different currencies of trading partners has been challenged. This paper tries to suggest a methodological improvement. The authors employ multivariate statistical techniques to identify appropriate financial and economic weights based on variables that are more relevant and attempts to use those variables to suggest an alternative dollar index that would gauge more accurately the movements in the currency market. Cronbach's (1951) alpha is also used to estimate the internal consistency of the proposed index's components. Our proposed index is based on 12 indicators. We calculate the average inter-item correlation, and alpha reliability coefficient. By calculating the inter-item correlations among the 12 component variables, we study the variables in the expected direction, and statistically significant relationships at the 0.05 level. We then remove the variable which has statistically insignificant relationship. The process works as follows: first, we aggregate the 12 objective indicators to construct a dollar index with equal weight, then, for constructing the dollar index we choose the appropriate weights by allowing them to be determined by the statistical procedure of principal components to determine the weights for an index of the variables.","PeriodicalId":379725,"journal":{"name":"American J. of Finance and Accounting","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125131981","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

Asymmetric mean reversion of stock returns 股票收益的非对称均值回归

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/ajfa.2022.10055487

Sandip Mukherji

引用次数: 0

The Working Capital Management on the Firms Financial Performance with the Moderating Effect of the Effectiveness of Management Policies: Evidence from Manufacturing Companies Listed in Colombo Stock Exchange, Sri Lanka 营运资金管理对企业财务绩效的影响及管理政策有效性的调节作用:来自科伦坡证券交易所上市制造企业的证据

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/ajfa.2022.10053048

Anushka Madushan, Shanika Jayathunga, T. Dissanayake

引用次数: 0

Investor sentiment metrics and stocks market returns: a study of the causality relationship using VAR models 投资者情绪指标与股市收益:基于VAR模型的因果关系研究

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/ajfa.2023.10057975

Nizar Neffati, Dorsaf Ben Aissia

引用次数: 0

The price discovery process in credit derivative market: evidence from sovereign CDS market 信用衍生品市场的价格发现过程:来自主权CDS市场的证据

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/AJFA.2009.031775

Nan Li

{"title":"The price discovery process in credit derivative market: evidence from sovereign CDS market","authors":"Nan Li","doi":"10.1504/AJFA.2009.031775","DOIUrl":"https://doi.org/10.1504/AJFA.2009.031775","url":null,"abstract":"The US subprime loan crisis in 2007 has caused astonishing domestic and international financial turmoil, both directly and indirectly. Being a main factor in facilitating mortgage securitisation, credit derivative market is now under the blame of underestimating credit risk and aggregating the impact of credit risk. It is worthy of revisiting the contribution of credit derivative products to their underlying bond markets in discovering the true level of credit risk. In this paper, I use sampled credit default swap (CDS) contracts written on sovereign borrowers, to investigate the pricing relationship between sovereign CDS and bond markets. My purpose is to find whether the newly innovated derivative market can help bond market to reveal more pricing information on credit risk, or just add more noise to it. Applying vector error correction model (VECM) to a data sample ranging from 1999 to 2002, I find no statistical evidences with regard to the pricing contribution of sovereign CDS market. Instead, sovereign bond market advances in price discovery process by at least one week. Moreover, there exists a significant price gap between the two measures of credit risk: CDS rate and the yield spread of its underlying bond. This further reduces the effectiveness of using sovereign CDS in credit risk hedge.","PeriodicalId":379725,"journal":{"name":"American J. of Finance and Accounting","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134024335","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: 8

Implement CSR to improve firm performance: a reality or a legend evidence from France 实施企业社会责任以提高企业绩效:来自法国的现实或传说证据

American J. of Finance and Accounting Pub Date : 1900-01-01 DOI: 10.1504/ajfa.2020.10032532

Karima Lajnef, S. Ellouz

引用次数: 0