Research in International Business and Finance最新文献

The COVID-19 pandemic and feedback trading dynamics: Unveiling global patterns COVID-19 大流行和反馈交易动态：揭示全球模式

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-11-12 DOI: 10.1016/j.ribaf.2024.102638

Chia-Hsien Tang , Yen-Hsien Lee , Chan-Shin Chen , Ya-Ling Huang

引用次数: 0

Market reaction to EU CRD IV regulation in the banking industry 银行业对欧盟 CRD IV 法规的市场反应

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-11-10 DOI: 10.1016/j.ribaf.2024.102652

Sara Longo , Michele Fabrizi , Antonio Parbonetti

引用次数: 0

The impact of carbon awareness, country-governance, and innovation on the cost of equity: Evidence from oil and gas firms 碳意识、国家治理和创新对股权成本的影响：来自石油和天然气公司的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-11-08 DOI: 10.1016/j.ribaf.2024.102640

Nohade Nasrallah , Rim El Khoury , Osama F. Atayah , Hazem Marashdeh , Khakan Najaf

{"title":"The impact of carbon awareness, country-governance, and innovation on the cost of equity: Evidence from oil and gas firms","authors":"Nohade Nasrallah , Rim El Khoury , Osama F. Atayah , Hazem Marashdeh , Khakan Najaf","doi":"10.1016/j.ribaf.2024.102640","DOIUrl":"10.1016/j.ribaf.2024.102640","url":null,"abstract":"<div><div>The present paper explores the impact of carbon awareness on the cost of equity (COE) with a keen focus on the influence of country governance and innovation factors. Drawing on Bloomberg data spanning from 2011 to 2022, our analysis encompasses 263 firms within the Oil and Gas sector across 50 countries, culminating in 2122 annual observations. Through the employment of a comprehensive suite of regression analyses—including median regression, M-estimator regression, and MM-estimator regression, alongside Firm-Fixed Effect and Reverse Causality Models—we uncover a consistently negative association between carbon awareness and COE. Our investigation further assesses the effect of country-level governance on COE, revealing a universally negative correlation. Among governance indicators, regulatory quality emerges as a particularly significant factor. Similarly, we observe a consistent negative relationship between country-level innovation and COE, reinforcing the significance of national innovation capabilities in financial performance metrics. These findings remain robust across a range of tests, underscoring their reliability and relevance. The study is important for policymakers, investors, managers, and strategic environmentalists.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102640"},"PeriodicalIF":6.3,"publicationDate":"2024-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142653580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Towards the estimation of ESG ratings: A machine learning approach using balance sheet ratios 估算环境、社会和治理评级：使用资产负债表比率的机器学习方法

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-11-07 DOI: 10.1016/j.ribaf.2024.102653

Federico Cini , Annalisa Ferrari

引用次数: 0

The effect of international diversification on investment efficiency 国际多样化对投资效率的影响

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-11-06 DOI: 10.1016/j.ribaf.2024.102641

Alireza Askarzadeh , Kenneth Yung , Fatemeh Askarzadeh

{"title":"The effect of international diversification on investment efficiency","authors":"Alireza Askarzadeh , Kenneth Yung , Fatemeh Askarzadeh","doi":"10.1016/j.ribaf.2024.102641","DOIUrl":"10.1016/j.ribaf.2024.102641","url":null,"abstract":"<div><div>Although internationalization research has proliferated recently, scant attention has been devoted to understanding why international expansion decreases firm value. By applying the concepts of transaction cost economics and agency theory, we propose that the impact of internationalization on investment efficiency—a critical determinant of international strategy success—is significant. Internationalization often exacerbates information asymmetry and complicates effective monitoring leading to diminished investment efficiency. Moreover, this relationship is moderated by international experience, the intensity of industry competition, and the stage of the firm's lifecycle. An Ordinary Least Squares regression analysis of a US sample with 49,168 firm-year observations between 1989 and 2022 supports our predictions. This study not only advances internationalization theories but also provides a fresh perspective on the performance implications of international expansion, underscoring the organizational and industrial conditions that influence the success of internationalization efforts.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102641"},"PeriodicalIF":6.3,"publicationDate":"2024-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142653578","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Sustainable development goals and environmental performance: Exploring the contribution of governance, energy, and growth 可持续发展目标与环境绩效：探索治理、能源和增长的贡献

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-29 DOI: 10.1016/j.ribaf.2024.102646

Mirza Muhammad Naseer , Ahmed Imran Hunjra , Alessia Palma , Tanveer Bagh

{"title":"Sustainable development goals and environmental performance: Exploring the contribution of governance, energy, and growth","authors":"Mirza Muhammad Naseer , Ahmed Imran Hunjra , Alessia Palma , Tanveer Bagh","doi":"10.1016/j.ribaf.2024.102646","DOIUrl":"10.1016/j.ribaf.2024.102646","url":null,"abstract":"<div><div>This study investigates the impact of renewable and non-renewable energy consumption, governance quality, and economic growth on environmental sustainability across frontier, emerging, and developed economies from 2001 to 2021. The Environmental Performance Index (EPI) and Sustainable Development Goals (SDGs) are environmental sustainability measures. The study addresses potential endogeneity issues through advanced econometric techniques and explores the differential impacts of energy sources, governance structures, and economic factors on environmental performance. The findings reveal significant variations in how these factors influence environmental sustainability across frontier, emerging, and developed economies. The results demonstrate a positive relationship between renewable energy consumption and governance quality with environmental sustainability, while non-renewable energy consumption exhibits a negative association. Economic growth emerges as a crucial factor influencing both environmental performance and the advancement of SDGs. This research contributes to the expanding literature on environmental sustainability by presenting a comprehensive analysis of its determinants across different economic contexts. The findings provide valuable insights for policymakers, underscoring the importance of tailored approaches to energy policy, governance reforms, and economic development strategies in the pursuit of environmental sustainability goals.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102646"},"PeriodicalIF":6.3,"publicationDate":"2024-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142653583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Broadband infrastructure and enterprise digital transformation: Evidence from China 宽带基础设施与企业数字化转型：来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-28 DOI: 10.1016/j.ribaf.2024.102645

Meng Li , Zhengqi Wang , Linhan Shu , Haoyu Gao

引用次数: 0

A paradox of emerging government securities market development 新兴政府证券市场发展的悖论

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-14 DOI: 10.1016/j.ribaf.2024.102582

Tadashi Endo

{"title":"A paradox of emerging government securities market development","authors":"Tadashi Endo","doi":"10.1016/j.ribaf.2024.102582","DOIUrl":"10.1016/j.ribaf.2024.102582","url":null,"abstract":"<div><div>Many governmental and international attempts to develop government securities markets (GSMs) in low-income economies have been unsuccessful. Common causes of the failures are a lack of understanding of the development dynamics of emerging GSMs and developmentally and locally suitable policies. Emerging GSMs tend to get trapped in a paradoxical market failure in which the market system cannot develop a GSM or core financial infrastructure. In contrast to advanced GSMs in which the government plays a minor role, emerging GSMs require the government to play a significant role in establishing and supporting a market structure that provides traders with “utilities” to facilitate trading. Using a multiplicative factor model and diagrams and referring to empirically observed development patterns of the Indian GSM, this study examined the effects of “utilities” and found that diminishing returns to utility explained the development dynamics of emerging GSMs. The analyses in this study also used the theories of club, consumer purchasing behavior, and diffusion of innovation. For better policy analyses and formulation for emerging GSM development, the study proposes a financial market utility hypothesis and a two-dimensional policy framework.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102582"},"PeriodicalIF":6.3,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142653528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Genome-scale analysis of interactions between genetic perturbations and natural variation. 基因组尺度分析遗传扰动与自然变异之间的相互作用。

2区经济学

Research in International Business and Finance Pub Date : 2024-01-16 DOI: 10.1101/2023.05.06.539663

Joseph J Hale, Takeshi Matsui, Ilan Goldstein, Martin N Mullis, Kevin R Roy, Chris Ne Ville, Darach Miller, Charley Wang, Trevor Reynolds, Lars M Steinmetz, Sasha F Levy, Ian M Ehrenreich

{"title":"Genome-scale analysis of interactions between genetic perturbations and natural variation.","authors":"Joseph J Hale, Takeshi Matsui, Ilan Goldstein, Martin N Mullis, Kevin R Roy, Chris Ne Ville, Darach Miller, Charley Wang, Trevor Reynolds, Lars M Steinmetz, Sasha F Levy, Ian M Ehrenreich","doi":"10.1101/2023.05.06.539663","DOIUrl":"10.1101/2023.05.06.539663","url":null,"abstract":"<p><p>Interactions between genetic perturbations and segregating loci can cause perturbations to show different phenotypic effects across genetically distinct individuals. To study these interactions on a genome scale in many individuals, we used combinatorial DNA barcode sequencing to measure the fitness effects of 7,700 CRISPRi perturbations targeting 1,712 distinct genes in 169 yeast cross progeny (or segregants). We identified 460 genes whose perturbation has different effects across segregants. Several factors caused perturbations to show variable effects, including baseline segregant fitness, the mean effect of a perturbation across segregants, and interacting loci. We mapped 234 interacting loci and found four hub loci that interact with many different perturbations. Perturbations that interact with a given hub exhibit similar epistatic relationships with the hub and show enrichment for cellular processes that may mediate these interactions. These results suggest that an individual's response to perturbations is shaped by a network of perturbation-locus interactions that cannot be measured by approaches that examine perturbations or natural variation alone.</p>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"51 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10827069/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76945936","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Finance and sales growth at the firms level in Iran: Does type of spending matter? 伊朗企业层面的财务和销售增长：支出类型重要吗？

IF 6.5 2区经济学

Research in International Business and Finance Pub Date : 2023-10-18 DOI: 10.1016/j.ribaf.2023.102142

Iman Cheratian , Saleh Goltabar , Hassan F. Gholipour , Mohammad Reza Farzanegan

引用次数: 0