JOURNAL OF ECONOMICS AND BUSINESS最新文献_第2页

Perception towards government advisory, perceived risk and willingness to invest in cryptocurrency 对政府咨询的看法、认知风险和投资加密货币的意愿

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-08-28 DOI: 10.1016/j.jeconbus.2024.106208

Shaista Wasiuzzaman, Ak Md Saiful Luqman Pg Hj Ahmad

{"title":"Perception towards government advisory, perceived risk and willingness to invest in cryptocurrency","authors":"Shaista Wasiuzzaman, Ak Md Saiful Luqman Pg Hj Ahmad","doi":"10.1016/j.jeconbus.2024.106208","DOIUrl":"https://doi.org/10.1016/j.jeconbus.2024.106208","url":null,"abstract":"The aim of this study is to investigate the link between investor perception regarding government advisories on cryptocurrencies, their perceived risk of cryptocurrencies and their willingness to invest in cryptocurrencies. The link is examined via Partial Least Squares-Structural Equation Modelling (PLS-SEM) using 212 responses gathered from a survey questionnaire distributed to groups related to cryptocurrency investment in social media platforms over a period of around four months. It is found that the investor’s perception regarding government advisories on cryptocurrencies, which are cautionary in nature, have a significant negative impact on their perception of the risk of cryptocurrencies. Perception regarding government advisories reduces the willingness to invest in cryptocurrencies. However, it is also found that perceived risk does not have any significant influence on the willingness to invest in cryptocurrencies, indicating that although risk perception is heightened as a result of the cautionary government advise, this does not result in a significant reduction in the willingness to invest in cryptocurrencies. Hence, perceived risk does not play a significant mediating role in influencing the effect government advisories have on the willingness to invest in cryptocurrencies.","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"7 1","pages":""},"PeriodicalIF":3.8,"publicationDate":"2024-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142191534","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

State-dependent intertemporal risk-return tradeoff: Further evidence 取决于国家的跨期风险收益权衡：进一步证据

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-05-01 DOI: 10.1016/j.jeconbus.2024.106161

Surya Chelikani , Joseph M. Marks , Kiseok Nam

{"title":"State-dependent intertemporal risk-return tradeoff: Further evidence","authors":"Surya Chelikani , Joseph M. Marks , Kiseok Nam","doi":"10.1016/j.jeconbus.2024.106161","DOIUrl":"10.1016/j.jeconbus.2024.106161","url":null,"abstract":"<div><p>We suggest that the intertemporal risk-return tradeoff is not necessarily positive but rather state dependent. We further explore the state dependent risk-return relation by examining how the positive risk-return relation is distorted in response to various market conditions, including extreme price changes, differing levels of investor sentiment, the introduction of stock options, and throughout business cycles. The tendency for uninformed investors to be optimistic (pessimistic) in response to good (bad) market news cause overpricing (underpricing), and the resulting trade activity of arbitrageurs that distorts the positive risk-return tradeoff, is documented consistently across these environments. We find that the attenuation (reinforcement) of the positive risk-return relation under investors’ optimistic (pessimistic) expectations is stronger in high (low) sentiment periods, in the presence of extreme returns, in the period after stock options became available, and during expansionary periods. We argue that the asymmetric intertemporal risk-return relation is a consequence of rational arbitrageurs’ trading to exploit mispricing through the selling of overpriced stocks conditional on good news and buying underpriced stocks conditional on bad news.</p></div>","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"130 ","pages":"Article 106161"},"PeriodicalIF":3.8,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139679085","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

A different view on acquisition paradox: Empirical examination of international acquisitions from competitiveness perspective 从不同角度看收购悖论：从竞争力角度对国际收购进行实证研究

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-05-01 DOI: 10.1016/j.jeconbus.2024.106182

Omer F. Genc , Dan Luo

{"title":"A different view on acquisition paradox: Empirical examination of international acquisitions from competitiveness perspective","authors":"Omer F. Genc , Dan Luo","doi":"10.1016/j.jeconbus.2024.106182","DOIUrl":"10.1016/j.jeconbus.2024.106182","url":null,"abstract":"<div><p>Acquisitions are complex strategic decisions and there is not a consensus about the outcomes of them. The complexity and the implications increase with international a<strong>c</strong>quisitions (IA). We examine international acquisitions from a different perspective to see how they affect competitiveness of acquires using a sample of international acquisitions by U.S. firms applying a control sample methodology. Competitiveness outcomes of IAs vary based on the dimension used. They result with lower financial performance, profitability and productivity whereas have a positive effect on market power and innovation of acquirers. Negative performance is consistent with the general belief about agency theory, but our findings also provide support for the resource-based view of enhanced competitiveness. Regarding the success factors, we show that capabilities of acquirers matter more than their resources in explaining post-acquisition competitiveness of acquirers. Acquirers with greater acquisition experience benefit a lot more from IAs compared to firms without acquisition experience. We also show that relatedness of acquirer and target is crucial for creating synergies and efficiencies in terms of enhanced productivity.</p></div>","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"130 ","pages":"Article 106182"},"PeriodicalIF":3.8,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140761765","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

The effect of physical collateral and personal guarantees on business startups 实物抵押和个人担保对初创企业的影响

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-05-01 DOI: 10.1016/j.jeconbus.2024.106172

Yuji Honjo , Arito Ono , Daisuke Tsuruta

引用次数: 0

Basel III countercyclical bank capital buffer estimation and its relation to monetary policy 巴塞尔协议 III》反周期银行资本缓冲估算及其与货币政策的关系

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-05-01 DOI: 10.1016/j.jeconbus.2024.106173

Juan F. Rendón , Lina M. Cortés , Javier Perote

{"title":"Basel III countercyclical bank capital buffer estimation and its relation to monetary policy","authors":"Juan F. Rendón , Lina M. Cortés , Javier Perote","doi":"10.1016/j.jeconbus.2024.106173","DOIUrl":"10.1016/j.jeconbus.2024.106173","url":null,"abstract":"<div><p>This paper proposes a new model to estimate the countercyclical bank solvency capital buffer established in Basel III. The model lies in a flexible semi-nonparametric approach to capture the probability distribution of the capital adequacy ratio, but also a stochastic Ornstein–Uhlenbeck process that incorporates components of the cyclical behavior. We measure the risk of breaching the minimum capital threshold that separates the countercyclical capital buffer from other capital components and analyze its relationship with macroeconomic variables such as interest rates, credit levels, and credit-to-GDP gaps. Furthermore, a vector autoregressive model is estimated to test the existence of the bank-capital channel and the risk-taking channel. The application to Germany and the Netherlands shows that countercyclical buffers are more accurate when skewness and kurtosis are considered and the probability of breaching the regulatory threshold is sensitive to macroeconomic signals. Overall, our model seems to be a useful tool for monitoring prudential policy and as a guide to establish countercyclical capital buffers.</p></div>","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"130 ","pages":"Article 106173"},"PeriodicalIF":3.8,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0148619524000158/pdfft?md5=16682eede1a79874eac4b0f972afb9ac&pid=1-s2.0-S0148619524000158-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140267971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Analysts’ extrapolative expectations in the cross-section 分析师在横截面上的推断预期

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-05-01 DOI: 10.1016/j.jeconbus.2024.106174

Andreas Oesinghaus

引用次数: 0

Unveiling inequalities in consumer credit and payments 揭示消费信贷和支付中的不平等现象

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-03-01 DOI: 10.1016/j.jeconbus.2024.106186

Robert M. Hunt , Dubravka Ritter

引用次数: 0

Who is paying all these fees? An empirical analysis of bank account and credit card fees 谁在支付这些费用？银行账户和信用卡费用的实证分析

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-03-01 DOI: 10.1016/j.jeconbus.2023.106157

Oz Shy , Joanna Stavins

引用次数: 0

Heterogeneous unbanked households: Which types of households are more (or less) likely to open a bank account? 异质性无银行账户家庭：哪类家庭更有可能（或更不可能）开立银行账户？

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-03-01 DOI: 10.1016/j.jeconbus.2023.106156

Fumiko Hayashi, Aditi Routh, Ying Lei Toh

{"title":"Heterogeneous unbanked households: Which types of households are more (or less) likely to open a bank account?","authors":"Fumiko Hayashi, Aditi Routh, Ying Lei Toh","doi":"10.1016/j.jeconbus.2023.106156","DOIUrl":"10.1016/j.jeconbus.2023.106156","url":null,"abstract":"<div><p>Promoting bank account ownership is important because having a bank account is the foundation for households’ financial well-being. Unbanked households differ in their likelihood of opening a bank account, and understanding the factors associated with these differences can help policymakers and industry<span> stakeholders to tailor financial inclusion<span> strategies. This study examines which factors are associated with unbanked households that are more (or less) likely to open a bank account. We use data from the FDIC National Surveys of Unbanked and Underbanked Households and assess the likelihoods of opening a bank account for different groups of unbanked households divided based on their prior banking status and interest in having a bank account. Unbanked households that previously had a bank account and are interested in having a bank account are more likely to open an account. These households tend to be unemployed, more educated, and native born, to have access to digital technologies, to use alternative financial services, and to be unbanked because of unfavorable bank account features. In contrast, households that never had a bank account and are uninterested in a bank account are less likely to open an account. These households tend to be not in the labor force, less educated, of a racial minority, and foreign born, to lack access to digital technologies, and to rely heavily on cash. Moreover, they tend to distrust banks. Advancing financial inclusion for this group will require strategies to increase their trust in the financial services industry.</span></span></p></div>","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"129 ","pages":"Article 106156"},"PeriodicalIF":3.8,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139056105","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

The effect of minimum wages on consumer bankruptcy 最低工资对消费者破产的影响

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2024-03-01 DOI: 10.1016/j.jeconbus.2024.106171

Diego Legal , Eric R. Young

引用次数: 0