Macroeconomics and Finance in Emerging Market Economies最新文献

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The contagion between stock markets: evidence from Vietnam and Asian emerging stocks in the context of COVID-19 Pandemic 股票市场之间的传染:2019冠状病毒病大流行背景下越南和亚洲新兴市场股票的证据
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-28 DOI: 10.1080/17520843.2021.1993653
L. Huong
{"title":"The contagion between stock markets: evidence from Vietnam and Asian emerging stocks in the context of COVID-19 Pandemic","authors":"L. Huong","doi":"10.1080/17520843.2021.1993653","DOIUrl":"https://doi.org/10.1080/17520843.2021.1993653","url":null,"abstract":"","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":"1 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2021-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42394493","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
The behaviour of the risk based capital adequacy ratio in Iran’s banking system 伊朗银行系统中基于风险的资本充足率行为
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-13 DOI: 10.1080/17520843.2021.1988671
E. Rezaei
{"title":"The behaviour of the risk based capital adequacy ratio in Iran’s banking system","authors":"E. Rezaei","doi":"10.1080/17520843.2021.1988671","DOIUrl":"https://doi.org/10.1080/17520843.2021.1988671","url":null,"abstract":"ABSTRACT This study was carried out to identify the determinants of the behaviour of public and private banks in determining their risk and capital over 2001–2016 period by considering the banks’ risk and capital simultaneously. The model was estimated using 2SLS-RE and GMM methods. According to the results, the endogeneity of two variables of risk and capital in equations cannot be rejected. It should be noted that this study does not reject a significant relationship between the risk and thecapital to risk (weighted) assets ratio (CRAR) over the study period.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":"16 1","pages":"285 - 299"},"PeriodicalIF":1.3,"publicationDate":"2021-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43059635","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
Macroeconomic variables and stock market performance: a PMG/ARDL approach for BRICS economies 宏观经济变量与股市表现:金砖国家经济的PMG/ARDL方法
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-12 DOI: 10.1080/17520843.2021.1983704
U. Lone, M. A. Darzi, K. Islam
{"title":"Macroeconomic variables and stock market performance: a PMG/ARDL approach for BRICS economies","authors":"U. Lone, M. A. Darzi, K. Islam","doi":"10.1080/17520843.2021.1983704","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983704","url":null,"abstract":"ABSTRACT The present study seeks to examine the impact of select macroeconomic variables on stock market performance in the BRICS economies. The study has used monthly data over the period 2011–2021. The study has employed both ARDL bounds testing model and PMG/ARDL model to measure the short and long-run relationships. Both the models provide the confirmatory results regarding short as well as long-run relationships for all the BRICS economies excluding South Africa. Also, the variables have been found to be causally related with each other during the sample period. The study has implications for policymakers, regulators, academia and investors.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":"16 1","pages":"300 - 325"},"PeriodicalIF":1.3,"publicationDate":"2021-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49019166","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: 4
Accruals, cash flows and stock returns: evidence from BIST 100 应计项目、现金流量和股票收益:来自BIST 100的证据
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-04 DOI: 10.1080/17520843.2021.1983702
Emine Kaya
{"title":"Accruals, cash flows and stock returns: evidence from BIST 100","authors":"Emine Kaya","doi":"10.1080/17520843.2021.1983702","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983702","url":null,"abstract":"ABSTRACT The purpose of this study is to determine whether there is a relationship between the accruals, cash flows and stock returns for firms which trade in the BIST 100 index between 2005 and 2017 years. Findings prove that the persistence of the earning is high, and the persistence of cash flows is higher than the persistence of accruals. We find that accruals are negative predictors and cash flows are positive predictors for stock returns. In addition, simultaneously, we conclude that the discount rates and the change in the accruals and cash flows act together.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":"16 1","pages":"137 - 156"},"PeriodicalIF":1.3,"publicationDate":"2021-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45053131","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
How do firms manage liquidity during currency crisis? The case of Turkey 在货币危机期间,企业如何管理流动性?土耳其的情况
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-10-01 DOI: 10.1080/17520843.2021.1983703
Ismail Kalash
{"title":"How do firms manage liquidity during currency crisis? The case of Turkey","authors":"Ismail Kalash","doi":"10.1080/17520843.2021.1983703","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983703","url":null,"abstract":"ABSTRACT This study investigates how the 2018-currency crisis in Turkey, which exacerbated the borrowing costs, has affected the liquidity management of a sample of 186 Turkish listed firms. The results reveal that firms that relied heavily on short-term borrowing before the crisis period have responded to the crisis by reducing short-term borrowing and increasing internal cash. However, investment levels and the use and supply of trade credit have not been changed during the crisis. The results also show that the substitution into internal cash is significantly higher for small firms than for large firms.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":"16 1","pages":"247 - 263"},"PeriodicalIF":1.3,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45200463","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
Investigating locational asymmetry in the twin deficit hypothesis for the WAMZ countries WAMZ国家双赤字假说中的区位不对称性研究
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-09-30 DOI: 10.1080/17520843.2021.1982589
Taiwo Ajilore, N. Usman
{"title":"Investigating locational asymmetry in the twin deficit hypothesis for the WAMZ countries","authors":"Taiwo Ajilore, N. Usman","doi":"10.1080/17520843.2021.1982589","DOIUrl":"https://doi.org/10.1080/17520843.2021.1982589","url":null,"abstract":"The study adopts the Quantile Autoregressive Distributed Lags (QARDL) method to examine the existence of locational asymmetry in the nexus between fiscal and current account deficits in the WAMZ zo...","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":" ","pages":""},"PeriodicalIF":1.3,"publicationDate":"2021-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46035933","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
Financing discretionary payout via debt or equity – evidence from India 通过债务或股权为可自由支配支出融资——来自印度的证据
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-09-29 DOI: 10.1080/17520843.2021.1983706
Hardeep Singh Mundi, Deepak Kumar
{"title":"Financing discretionary payout via debt or equity – evidence from India","authors":"Hardeep Singh Mundi, Deepak Kumar","doi":"10.1080/17520843.2021.1983706","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983706","url":null,"abstract":"","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":" ","pages":""},"PeriodicalIF":1.3,"publicationDate":"2021-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42914023","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: 1
Determinants of stock market liquidity – a macroeconomic perspective 股票市场流动性的决定因素——宏观经济视角
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-09-27 DOI: 10.1080/17520843.2021.1983705
P. Naik, Y. Reddy
{"title":"Determinants of stock market liquidity – a macroeconomic perspective","authors":"P. Naik, Y. Reddy","doi":"10.1080/17520843.2021.1983705","DOIUrl":"https://doi.org/10.1080/17520843.2021.1983705","url":null,"abstract":"This study examines the impact of macroeconomic indicators on the liquidity of the Indian stock market by using the Granger Causality, Vector Auto-Regressive Model, and Impulse Response Functions. ...","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":" ","pages":""},"PeriodicalIF":1.3,"publicationDate":"2021-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43060884","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: 1
A test for the contributions of urban and rural inflation to inflation persistence in Nigeria 对尼日利亚城市和农村通货膨胀对持续通货膨胀的贡献的检验
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-09-22 DOI: 10.1080/17520843.2021.1974507
G. Ebuh, Afees A. Salisu, V. Oboh, N. Usman
{"title":"A test for the contributions of urban and rural inflation to inflation persistence in Nigeria","authors":"G. Ebuh, Afees A. Salisu, V. Oboh, N. Usman","doi":"10.1080/17520843.2021.1974507","DOIUrl":"https://doi.org/10.1080/17520843.2021.1974507","url":null,"abstract":"ABSTRACT This study tests the contributions of urban and rural inflation to inflation persistence in Nigeria using the fractional cointegration VAR model and the univariate fractional integration approaches. The results indicate a high contribution of urban and rural inflation to the overall inflation persistence in Nigeria albeit with contrasting evidence for the pre-and post-Global Financial Crisis (GFC) periods. While the urban inflation contributed more than the rural inflation to the persistence of the overall inflation during the pre-GFC, the converse holds during the post-GFC. Although, the empirical analysis of the factors underlying this outcome is reserved for future research, bridging the gap between the two inflation subsamples would be a plausible policy action.","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":"16 1","pages":"222 - 246"},"PeriodicalIF":1.3,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46647100","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
Institutional ownership and firm performance: the case of Morocco 机构所有权与公司绩效:以摩洛哥为例
IF 1.3
Macroeconomics and Finance in Emerging Market Economies Pub Date : 2021-09-21 DOI: 10.1080/17520843.2021.1979327
Harit Satt, Sarah Nechbaoui, M. Hassan, Zairihan Abdul Halim
{"title":"Institutional ownership and firm performance: the case of Morocco","authors":"Harit Satt, Sarah Nechbaoui, M. Hassan, Zairihan Abdul Halim","doi":"10.1080/17520843.2021.1979327","DOIUrl":"https://doi.org/10.1080/17520843.2021.1979327","url":null,"abstract":"","PeriodicalId":42943,"journal":{"name":"Macroeconomics and Finance in Emerging Market Economies","volume":" ","pages":""},"PeriodicalIF":1.3,"publicationDate":"2021-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42970055","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
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