Journal of Multinational Financial Management最新文献_第8页

Does mutual fund family size matter? International evidence 共同基金家族的规模重要吗?国际证据

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100708

Yihao Chen , Antonio F. Miguel , Xiayue Liu

引用次数: 0

Cross-listing and the alignment between short and long-run performance 交叉上市和短期和长期业绩之间的对齐

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100702

Imen Ghadhab

引用次数: 0

Do the specific countries in which a multinational corporation operates affect its private loan contracts? 跨国公司经营的具体国家是否会影响其私人贷款合同?

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100709

Brandon Ater , Bowe Hansen

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引用次数: 0

Does cross-border banking enhance competition and cost efficiency? Evidence from Africa 跨境银行业务是否提高了竞争和成本效率?来自非洲的证据

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100695

Luc Matabaro Borauzima , Dominique Niyondiko , Aline Muller

{"title":"Does cross-border banking enhance competition and cost efficiency? Evidence from Africa","authors":"Luc Matabaro Borauzima , Dominique Niyondiko , Aline Muller","doi":"10.1016/j.mulfin.2021.100695","DOIUrl":"10.1016/j.mulfin.2021.100695","url":null,"abstract":"<div><p>Over the last two decades, the unprecedented expansion of cross-border banking on the African banking market has raised concern about their effects on host countries’ markets. This paper investigates to what extent this expansion has affected competition and cost efficiency in the African banking market using a sample of 429 active commercial banks from 2000 to 2015. Results show that CBB activities enhance competition, mainly driven by African CBB. At the regional scale, these effects are more substantial in Sub-Saharan Africa (SSA) because African CBBs have more expanded their activities in SSA. We also document that more efficient banks alleviate the competition induced by the expansion of African CBBs. The latter exhibit lower efficiency and therefore do not encourage bank efficiency. This study further shows that macroeconomic conditions and institutional variables are essential drivers of bank competition and cost efficiency in Africa. These results are robust to alternative estimation techniques (system-GMM, Quantile regression-Adaptative MCMC, Matching) and proxies of competition and cost efficiency.</p></div>","PeriodicalId":47268,"journal":{"name":"Journal of Multinational Financial Management","volume":"62 ","pages":"Article 100695"},"PeriodicalIF":4.2,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.mulfin.2021.100695","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47104780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Determinants of non-compliant equity funds with EU portfolio concentration limits 不符合欧盟投资组合集中度限制的股票基金的决定因素

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100707

Lidia Loban, José Luis Sarto, Luis Vicente

引用次数: 0

Country-segment disclosure of foreign operations from Central and Eastern Europe: Country-level determinants and value relevance 来自中欧和东欧的外国业务的国家部门披露:国家层面的决定因素和价值相关性

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100718

Alina Taran , Can Simga-Mugan , Marilena Mironiuc

引用次数: 1

Big data analytics, order imbalance and the predictability of stock returns 大数据分析、订单失衡和股票回报的可预测性

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100717

Erdinc Akyildirim , Ahmet Sensoy , Guzhan Gulay , Shaen Corbet , Hajar Novin Salari

{"title":"Big data analytics, order imbalance and the predictability of stock returns","authors":"Erdinc Akyildirim , Ahmet Sensoy , Guzhan Gulay , Shaen Corbet , Hajar Novin Salari","doi":"10.1016/j.mulfin.2021.100717","DOIUrl":"10.1016/j.mulfin.2021.100717","url":null,"abstract":"<div><p>Financial institutions<span> have adopted big data to a considerable extent to provide better investment decisions. Consequently, high-frequency algorithmic traders use a vast amount of historical data with various statistical models to maximize their trading profits. Until recently, high-frequency algorithmic trading<span> was the domain of institutional traders with access to supercomputers. Nowadays, any investor can potentially make high-frequency trades because of easy access to big data and software to analyze and execute trades. With that in mind, Borsa Istanbul introduced real time big data analytics as a product to its customers. These analytics are derived in real time from order book and trade data and aim to level the playing field between investment firms and retail traders. Using classical benchmark models in the literature, we show that Borsa Istanbul’s order imbalance-based data analytics are useful in predicting both time-series and cross-sectional intraday excess future returns, proving that this product is extremely beneficial to market participants, particularly day traders.</span></span></p></div>","PeriodicalId":47268,"journal":{"name":"Journal of Multinational Financial Management","volume":"62 ","pages":"Article 100717"},"PeriodicalIF":4.2,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41544485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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: 2

Trade, financial openness and dual banking economies: Evidence from GCC Region 贸易、金融开放和双重银行经济:来自海湾合作委员会地区的证据

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100693

Ashraf Khan , M. Kabir Hassan , Andrea Paltrinieri , Salman Bahoo

引用次数: 5

The diverse effects of currency crises on multinational and local firms: The use of foreign currency debt 货币危机对跨国公司和本地公司的不同影响:外币债务的使用

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-12-01 DOI: 10.1016/j.mulfin.2021.100706

Jing Jin , Rose C. Liao , Gilberto Loureiro

引用次数: 1

Does foreign direct investment deepen the financial system in Southeast Asian economies? 外国直接投资是否深化了东南亚经济体的金融体系?

IF 4.2 3区经济学

Journal of Multinational Financial Management Pub Date : 2021-09-01 DOI: 10.1016/j.mulfin.2021.100682

Mollah Aminul Islam , Haiyun Liu , Muhammad Asif Khan , Md Tariqul Islam , Md Reza Sultanuzzaman

引用次数: 12