Research in International Business and Finance最新文献_第10页

Green credit’s impact on pollution and economic development: A study from Vietnam 绿色信贷对污染和经济发展的影响：越南研究

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-12 DOI: 10.1016/j.ribaf.2024.102570

Duc Huu Nguyen , Huan Huu Nguyen , Tam Ha Minh Nguyen , Xihui Haviour Chen

{"title":"Green credit’s impact on pollution and economic development: A study from Vietnam","authors":"Duc Huu Nguyen , Huan Huu Nguyen , Tam Ha Minh Nguyen , Xihui Haviour Chen","doi":"10.1016/j.ribaf.2024.102570","DOIUrl":"10.1016/j.ribaf.2024.102570","url":null,"abstract":"<div><p>Vietnam is actively pursuing sustainable economic development while transitioning to a greener economy, facing challenges in balancing economic growth with environmental sustainability. The evaluation of current sustainable development efforts and the identification of effective green financial tools are critical for Vietnam's progress. This study introduces the Sustainable Economic Development (SED) Index, a comprehensive measure of sustainable economic development quality across Vietnam's 63 provinces from 2015 to 2022. Using a range of analytical techniques, we explore the relationships between green credit, environmental pollution, and sustainable economic development during this period. Our findings indicate rapid growth in sustainable economic development until 2019, followed by a deceleration due to the COVID-19 pandemic and the Ukraine war. Green credit emerges as a pivotal factor in supporting sustainable economic growth, managing climate risks, and mitigating environmental pollution, particularly during times of uncertainty. Additionally, we observe spatial spillover effects, where the benefits of green credit and the challenges of environmental pollution transcend provincial boundaries. The study recommends promoting green credit policies, fostering regional cooperation, and enhancing local competitiveness, digital transformation, and social equality to advance Vietnam's journey toward sustainable economic development.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102570"},"PeriodicalIF":6.3,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924003635/pdfft?md5=25520102c6662ed2a848f3da66549201&pid=1-s2.0-S0275531924003635-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142171663","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

Impact of political risk on emerging market risk premiums and risk adjusted returns 政治风险对新兴市场风险溢价和风险调整后回报的影响

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-12 DOI: 10.1016/j.ribaf.2024.102573

Ralph Sonenshine, Aya Aboulhosn

{"title":"Impact of political risk on emerging market risk premiums and risk adjusted returns","authors":"Ralph Sonenshine, Aya Aboulhosn","doi":"10.1016/j.ribaf.2024.102573","DOIUrl":"10.1016/j.ribaf.2024.102573","url":null,"abstract":"<div><div>Researchers have observed the political risk, sign paradox whereby a decrease in political risk is associated with an increase in stock market returns. This apparent contradiction may be driven by a few political risk factors or perhaps certain emerging market (EM) countries<em>.</em> This paper examines this issue by assessing how key political risk components impact equity risk premiums and risk adjusted returns among EM countries. Using monthly stock market return data for 28 EM countries from 2000 to 2019, we segment countries into high and low political risk groups to explore heterogeneous effects. We find that improvements in political risk increase risk adjusted returns by lowering the volatility of returns. Differences were also found between EM countries with improvements in government stability leading to higher risk adjusted returns among high political risk EM countries. In contrast for low political risk countries, democracy was found to have a negative effect on equity premiums, while law and order and investment profile have a positive impact. Finally, our results suggest key political risk subcomponents, such as investment profile and corruption, impact risk adjusted returns during times of financial crisis.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102573"},"PeriodicalIF":6.3,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142358510","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

Place-based policies and local technology spillovers: Evidence from national high-tech zones in China 以地方为基础的政策与地方技术溢出效应：中国国家高新区的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-12 DOI: 10.1016/j.ribaf.2024.102580

Donghui Li , Wei Chen , Kaixuan Hao

引用次数: 0

Interconnectedness and return spillover among APEC currency exchange rates: A time-frequency analysis 亚太经合组织货币汇率之间的相互关联性和回报溢出效应：时频分析

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-11 DOI: 10.1016/j.ribaf.2024.102572

Shubham Kakran , Parminder Kaur Bajaj , Dharen Kumar Pandey , Ashish Kumar

{"title":"Interconnectedness and return spillover among APEC currency exchange rates: A time-frequency analysis","authors":"Shubham Kakran , Parminder Kaur Bajaj , Dharen Kumar Pandey , Ashish Kumar","doi":"10.1016/j.ribaf.2024.102572","DOIUrl":"10.1016/j.ribaf.2024.102572","url":null,"abstract":"<div><div>By combining TVP-VAR Model (time domain connectedness) and TVP-VAR based Baruník and Křehlík model (frequency domain connectedness), this study analyzes the impact of the COVID-19 pandemic, the Russia-Ukraine war, and the Silicon Valley Bank (SVB) collapse on the Asia Pacific Economic Cooperation (APEC) forum currency exchange rates. The results reveal that APEC currencies have time-varying effects (tend to cluster in appreciation and depreciation patterns in both the short and long term) and have generated higher total return spillover during COVID-19 (in the time domain) than the Russia-Ukraine war and SVB collapse. During COVID-19 (87.18 %) (total return spillover), impacts were more severe than the Russia-Ukraine crisis (79.49 %) and the Silicon Valley Bank collapse (75.55 %). Moreover, the South Korean won, Thai Bhat and Australian Dollar are identified as consistent shock transmitters, and Malaysian Ringgit, Philippine peso, Indonesian Rupiah, and Chinese Yuan as consistent shock receivers in the time domain. The findings have substantial repercussions for financial regulators and investors.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102572"},"PeriodicalIF":6.3,"publicationDate":"2024-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142320410","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

Asset pricing when social preference meets lottery preference: Evidence from China 当社会偏好与彩票偏好相遇时的资产定价：来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-11 DOI: 10.1016/j.ribaf.2024.102576

Jing Lu , Rong Ran , Kuan-Cheng Ko , Nien-Tzu Yang

引用次数: 0

Are stock markets efficient with respect to the Google search volume index? A robustness check of the literature studies 股票市场对谷歌搜索量指数有效吗？文献研究的稳健性检验

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-11 DOI: 10.1016/j.ribaf.2024.102574

Sarra Ghaddab , Christian de Peretti , Lotfi Belkacem

{"title":"Are stock markets efficient with respect to the Google search volume index? A robustness check of the literature studies","authors":"Sarra Ghaddab , Christian de Peretti , Lotfi Belkacem","doi":"10.1016/j.ribaf.2024.102574","DOIUrl":"10.1016/j.ribaf.2024.102574","url":null,"abstract":"<div><p>The Efficient Market Hypothesis (EMH) is still a debated subject in the financial area. Particularly, no conclusions are drawn to date in link with the Google Search Volume Index (GSVI). To conclude on this question, our paper takes up the work of Škrinjarić (2019) by proposing robustness tests, various econometric improvements and the inclusion of additional explanatory variables. On a database of ten emerging European indices studied by Škrinjarić (2019), a dynamic panel model was applied. Unlike Škrinjarić (2019) who modeled the time-series separately and thus neglected any possible dependence or homogeneity between countries, our study operates within the framework of panel data. Drawing from a robust estimation approach, our findings indicate that the GSVI has no impact on market returns. In essence, this suggests that internet search queries fail to provide avenues for investors to seize arbitrage opportunities. Such findings support the EMH in the studied markets and underline the exposure of prior studies to robustness challenges.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102574"},"PeriodicalIF":6.3,"publicationDate":"2024-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142241264","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

Time horizon and corporate investment: Evidence from private and public firms around the world 时间跨度与企业投资：来自全球私营企业和上市公司的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-11 DOI: 10.1016/j.ribaf.2024.102577

Serkan Akguc , Jongmoo Jay Choi

引用次数: 0

Commercial bank NSFR adjustment and risk: Evidence from China 商业银行 NSFR 调整与风险：来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-07 DOI: 10.1016/j.ribaf.2024.102559

Minghui Li , Kaiyue Li , Yeni Huang , Zhongyu Cao

引用次数: 0

Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation 实现可持续性：研究环境退化的金融、经济和社会决定因素

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-06 DOI: 10.1016/j.ribaf.2024.102557

Rim El Khoury , Anna Min Du , Nohade Nasrallah , Hazem Marashdeh , Osama F. Atayah

引用次数: 0

The environmental and social performance of firms and the impact of different types of institutional ownership: A French perspective 企业的环境和社会绩效以及不同类型机构所有权的影响：法国视角

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-06 DOI: 10.1016/j.ribaf.2024.102558

Houssein Ballouk , Vanessa Serret , Mohamed Khenissi

引用次数: 0