Australian Economic Papers最新文献_第8页

Enterprise life cycle, financial technology and digital transformation of banks—Evidence from China 企业生命周期、金融科技与银行数字化转型——来自中国的证据

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-04-24 DOI: 10.1111/1467-8454.12305

Zhu Yongjie

{"title":"Enterprise life cycle, financial technology and digital transformation of banks—Evidence from China","authors":"Zhu Yongjie","doi":"10.1111/1467-8454.12305","DOIUrl":"10.1111/1467-8454.12305","url":null,"abstract":"Financial technology formed by the combination of digital technology and traditional finance is gradually changing the financial services model. The development of financial technology has influenced the behaviour of commercial banks. It has promoted the innovation of commercial banks. And it has promoted the digital transformation of commercial banks. In this paper, it is intended to explore the relationship between financial technology and digital transformation of banks through positive analysis. As well as to explore how the age of enterprises listed and enterprise life cycle affect the relationship between financial technology and digital transformation of banks. This paper conducts an empirical research on the data of China's A-share listed banks from 2011 to 2021 using a two-way fixed effects regression method. The results of the research indicate that financial technology promotes banks' digital transformation. Meanwhile, the age of enterprise listing and enterprise life cycle play a positive moderating role in financial technology promoting banks' digital transformation. In this paper, it is the first time to conduct an empirical research with the number of monthly active users of mobile banking as a proxy variable for digital transformation of banks, which enriches the study of financial technology. It has certain reference value for promoting digital transformation of banks.","PeriodicalId":46169,"journal":{"name":"Australian Economic Papers","volume":"62 3","pages":"486-500"},"PeriodicalIF":1.9,"publicationDate":"2023-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46965684","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Market power and markups: Malign markers for the Australian macroeconomy 市场力量和加价:澳大利亚宏观经济的恶性标志

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-04-13 DOI: 10.1111/1467-8454.12302

A. Leigh

引用次数: 0

Market power and markups: Malign markers for the Australian macroeconomy 市场力量和加价：澳大利亚宏观经济的恶意标志

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-04-13 DOI: 10.1111/1467-8454.12302

Andrew Leigh

引用次数: 0

Australia's gambling epidemic: The role of Covid-19 support payment 澳大利亚的赌博流行病：新冠肺炎-19支持付款的作用

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-04-11 DOI: 10.1111/1467-8454.12303

Opoku Adabor

引用次数: 0

Risk contagion in financial markets: A systematic review using bibliometric methods 金融市场的风险传染:使用文献计量学方法的系统回顾

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-04-05 DOI: 10.1111/1467-8454.12301

Fei Su, Lili Zhai, Yunyan Zhou, Zixi Zhuang, Feifan Wang

{"title":"Risk contagion in financial markets: A systematic review using bibliometric methods","authors":"Fei Su, Lili Zhai, Yunyan Zhou, Zixi Zhuang, Feifan Wang","doi":"10.1111/1467-8454.12301","DOIUrl":"10.1111/1467-8454.12301","url":null,"abstract":"We explore evolving research trends and hotspots in financial contagion through keywords co-occurrence and co-citation network analyses. 2,071 articles have been collected from Web of Science Core Collection database from 2005 to 2021 and been analyzed by using bibliometric methods. The results indicate a tremendous growth in research on financial contagion, especially following the Global Finance Crisis. The current research mainly focuses on understanding the causes and consequences of past financial crises and recessions, examining the network effects of banks and other important financial institutions on risk contagion, developing new systematic approaches to modelling financial contagion, and providing empirical evidences for financial contagion among various asset classes and across different countries and regions. We find that there is still no consensus regarding the causes and measures of financial contagion, however, new promising perspectives have emerged to expand research in this area. We also propose several future directions for studies on financial contagion based on the research gap identified in this review.","PeriodicalId":46169,"journal":{"name":"Australian Economic Papers","volume":"63 1","pages":"163-199"},"PeriodicalIF":1.9,"publicationDate":"2023-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47710643","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Appropriation, migration, and unemployment 拨款、移民和失业

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-03-28 DOI: 10.1111/1467-8454.12300

Jiancai Pi, Shuxi Duan

引用次数: 0

Impact of global macroeconomic factors on spillovers among Australian sector markets: Fresh findings from a wavelet-based analysis 全球宏观经济因素对澳大利亚部门市场溢出效应的影响:基于小波分析的新发现

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-03-23 DOI: 10.1111/1467-8454.12299

Zhuhua Jiang, Rim El Khoury, Muneer M. Alshater, Seong-Min Yoon

{"title":"Impact of global macroeconomic factors on spillovers among Australian sector markets: Fresh findings from a wavelet-based analysis","authors":"Zhuhua Jiang, Rim El Khoury, Muneer M. Alshater, Seong-Min Yoon","doi":"10.1111/1467-8454.12299","DOIUrl":"10.1111/1467-8454.12299","url":null,"abstract":"This study investigates the spillover dynamics among 10 Australian sectoral indices and their connectedness to global factors, including the WTI crude oil price, oil market volatility, Australian exchange rate, U.S. stock market volatility index and Infectious Disease Tracker Index. Using data from May 14, 2007 to March 31, 2022, this study applies the time-varying parameter vector autoregressive model to study their static and dynamic connectedness, wavelet coherence analysis to investigate the time-frequency co-movement of global macroeconomic factors with Australian sector stock indices and wavelet decomposition-based Granger causality. The results show that aggressive stocks (Industrials, Consumer Discretionary and Financials) are net transmitters, while defensive stocks (Health, Information Technology, Communication and Utilities) are net receivers of spillovers. The coronavirus pandemic has increased systemic risk, causing radical changes in net connectedness. Additionally, global macroeconomic factors drive the connectedness of the Australian sectoral indices, with oil and exchange rates moving in phase, and oil volatility, stock volatility and the Infectious Disease Tracker Index moving in antiphase. Global stock and oil market volatility has a significant impact on the Australian sector's returns over short-, medium- and long-term horizons. This study provides valuable insights to investors and policymakers by carefully examining the relationships between global factors and Australian sectoral indices.","PeriodicalId":46169,"journal":{"name":"Australian Economic Papers","volume":"63 1","pages":"78-105"},"PeriodicalIF":1.9,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46840497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Short interest and the stock market relation with news sentiment from traditional and social media sources 空头兴趣和股市与传统和社交媒体来源的新闻情绪的关系

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-03-12 DOI: 10.1111/1467-8454.12297

Ben Chamberlain, Zhangxin (Frank) Liu, Lee A. Smales

引用次数: 2

Predicting long-run risk factors of stock returns: Evidence from Australia 预测股票收益的长期风险因素:来自澳大利亚的证据

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-03-09 DOI: 10.1111/1467-8454.12298

Rajabrata Banerjee, Tony Cavoli, Ron McIver, Shannon Meng, John K. Wilson

引用次数: 0

Can China's new rural pension scheme alleviate the relative poverty of rural households? An empirical analysis based on the PSM-DID method 中国新的农村养老金计划能缓解农村家庭的相对贫困吗？基于PSM‐DID方法的实证分析

IF 1.9 4区经济学

Australian Economic Papers Pub Date : 2023-03-07 DOI: 10.1111/1467-8454.12295

Limin Wen, Shufang Sun

{"title":"Can China's new rural pension scheme alleviate the relative poverty of rural households? An empirical analysis based on the PSM-DID method","authors":"Limin Wen, Shufang Sun","doi":"10.1111/1467-8454.12295","DOIUrl":"10.1111/1467-8454.12295","url":null,"abstract":"Based on five-period panel data from the China Family Panel Studies 2010–2018, this paper uses the propensity score matching difference-in-differences (PSM-DID) method to comprehensively evaluate the effects of the New Rural Pension Scheme (NRPS) on alleviating rural households' relative poverty. At the same time, based on the theory of sustainable livelihoods of rural households, the mediating effects model is applied to analyse the mechanism of rural households' livelihood capital. The results of the study are as follows. (1) The NRPS helps alleviate the relative poverty of rural households. (2) The livelihood capital of rural households is an important mechanism for the NRPS to alleviate the relative poverty of rural households, and social capital, financial capital, and human capital all play a part in the mediating effect. (3) The results of the heterogeneity tests based on the stage of rural households' participation in the NRPS and the region of participation in the NRPS indicate that the governance effects of the NRPS on rural households' relative poverty are more significant among households in the contributory stage and the central and western regions. Additionally, the results are supported by robustness tests, such as replacing the dependent variable and the PSM method. The findings of this paper have important implications for the establishment of a long-term mechanism to address relative poverty and the construction of a more efficient and inclusive rural social pension insurance system in China and other developing countries.","PeriodicalId":46169,"journal":{"name":"Australian Economic Papers","volume":"62 3","pages":"396-429"},"PeriodicalIF":1.9,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41494314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0