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

Preferences for ethical intermediaries and sustainable investment decisions in micro-firms: The role of financial literacy and digital financial capability 微型企业对道德中介机构和可持续投资决策的偏好：金融知识和数字金融能力的作用

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-11 DOI: 10.1016/j.ribaf.2024.102483

{"title":"Preferences for ethical intermediaries and sustainable investment decisions in micro-firms: The role of financial literacy and digital financial capability","authors":"","doi":"10.1016/j.ribaf.2024.102483","DOIUrl":"10.1016/j.ribaf.2024.102483","url":null,"abstract":"<div><p>This study analyses the effects of financial literacy and digital financial capabilities in shaping entrepreneurs’ preferences for ethical financial intermediaries and sustainable investment decisions. Exploiting novel survey data on Italian micro-enterprises, we find that more financially literate business owners have higher preferences for intermediaries with a strong ethical stance, are more likely to make investments inspired by environmental and social criteria and have a higher awareness of sustainable financial products. Moreover, digital financial competencies are found to play a significant role in enhancing preferences for ethical intermediaries and sustainable investment decisions. Finally, we show that the beneficial effect of financial literacy is mostly direct, while the indirect effect operating through higher digital financial abilities, despite being statistically significant, impacts firms’ sustainable financing and investing decisions only to a lower extent.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924002769/pdfft?md5=93a20ac762b0b4805f9376420b9f05cb&pid=1-s2.0-S0275531924002769-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141630328","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

Analyst tracking and innovation inconsistency in companies 分析师跟踪与企业创新不一致

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-10 DOI: 10.1016/j.ribaf.2024.102484

Jing Qiu, Dan Li

引用次数: 0

How does internet finance affect firm exports? Evidence from China 互联网金融如何影响企业出口？来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-08 DOI: 10.1016/j.ribaf.2024.102482

Yuxia Fang , Yuhua Li

引用次数: 0

Technology and automation in financial trading: A bibliometric review 金融交易中的技术与自动化：文献计量学综述

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-06 DOI: 10.1016/j.ribaf.2024.102471

Rosella Carè , Douglas Cumming

引用次数: 0

Dividend payout and corporate transparency: Do CSR governance mechanisms matter? 股利支付与公司透明度：企业社会责任治理机制重要吗？

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-06 DOI: 10.1016/j.ribaf.2024.102480

Ali Uyar , Shaista Wasiuzzaman , Cemil Kuzey , Abdullah S. Karaman

{"title":"Dividend payout and corporate transparency: Do CSR governance mechanisms matter?","authors":"Ali Uyar , Shaista Wasiuzzaman , Cemil Kuzey , Abdullah S. Karaman","doi":"10.1016/j.ribaf.2024.102480","DOIUrl":"https://doi.org/10.1016/j.ribaf.2024.102480","url":null,"abstract":"<div><p>In this paper, we investigate whether dividend payout is associated with corporate transparency (i.e., CSR reporting and assurance) and whether CSR mechanisms (i.e., CSR committee and executive CSR compensation) moderate this relationship. The data covering the period between 2002 and 2019 was retrieved from the Thomson Reuters Eikon and country, industry, and year fixed-effects logistic regression analysis was used to analyze the relationships. The results underline that CSR reporting and assurance are positively associated with dividend payout and CSR committee and executive CSR compensation moderate this relationship significantly. Further analyses indicate that the dividend payout and CSR reporting and assurance relationship is robust to endogeneity concerns, regional samples, and economic downturn periods. In addition, we find that different CSR mechanisms have differential moderating roles in Anglo-Saxon and non-Anglo-Saxon countries; while CSR committee functions a better-moderating role in non-Anglo-Saxon countries, executive CSR compensation performs a better-moderating role in Anglo-Saxon countries.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141593436","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

Assessing dynamic co-movement of news based uncertainty indices and distance-to -default of global FinTech firms 评估基于新闻的不确定性指数与全球金融科技公司违约距离的动态共动关系

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-06 DOI: 10.1016/j.ribaf.2024.102476

Zaheer Anwer , Muhammad Arif Khan , M. Kabir Hassan , Manjeet Kaur Harnek Singh

{"title":"Assessing dynamic co-movement of news based uncertainty indices and distance-to -default of global FinTech firms","authors":"Zaheer Anwer , Muhammad Arif Khan , M. Kabir Hassan , Manjeet Kaur Harnek Singh","doi":"10.1016/j.ribaf.2024.102476","DOIUrl":"https://doi.org/10.1016/j.ribaf.2024.102476","url":null,"abstract":"<div><p>Contemporary literature does not offer evidence on the causal relationship of default risk and investor sentiments for FinTech sector. We bridge this gap by assessing the dynamic co-movement between Distance-to-Default of leading global FinTech firms and three uncertainty indices namely Twitter Market Uncertainty Index-ENG, Twitter Economic Uncertainty Index-ENG, and US daily news-based Economic Policy. The sample period is from 07 April 2016–30 June 2021. The estimations are performed using Wavelet based analytical framework. The results reveal high dynamic co-movement of Twitter based uncertainty indices with Distance-to-Default of FinTech firms. However, there is very little co-movement between economic policy uncertainty and FinTech firms’ stability. The novelty of this work lies in the utilization of National University of Singapore’s Distance-to-Default measure, which is available in daily frequency and capable of performing dynamic data analysis. Our results offer maiden evidence of linkage of default risk and news based uncertainty indices.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141593437","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

How socially sustainable multinational banks promote financial inclusion in developing countries 具有社会可持续性的跨国银行如何促进发展中国家的金融包容性

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-06 DOI: 10.1016/j.ribaf.2024.102470

引用次数: 0

Finance Research and the UN Sustainable Development Goals – an analysis and forward look 金融研究与联合国可持续发展目标--分析与前瞻

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-05 DOI: 10.1016/j.ribaf.2024.102463

Yang Su , Brian M. Lucey , Ashish Kumar Jha

引用次数: 0

Volatility spillover across spot and futures markets: Evidence from dual financial system 现货和期货市场的波动溢出效应：来自双重金融体系的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-05 DOI: 10.1016/j.ribaf.2024.102473

Ahmed H. Elsayed , Mehmet Asutay , Abdelkader O. ElAlaoui , Hashim Bin Jusoh

{"title":"Volatility spillover across spot and futures markets: Evidence from dual financial system","authors":"Ahmed H. Elsayed , Mehmet Asutay , Abdelkader O. ElAlaoui , Hashim Bin Jusoh","doi":"10.1016/j.ribaf.2024.102473","DOIUrl":"https://doi.org/10.1016/j.ribaf.2024.102473","url":null,"abstract":"<div><p>This paper investigates dynamic returns and volatility spillovers between spot and futures markets in a dual financial system. It further analyses the shock transmission of both volume trading and open interest in the futures market. Empirical results suggest that both spot and futures indices are net transmitters of return spillovers to the volume and open interest of the futures market, whereas the futures volume is the only net transmitter of volatility spillovers to all other variables. This is consistent with the Information Arrival Hypothesis theory. The empirical analysis also evidences the presence of a dynamic interdependence between both Islamic and conventional spot market volatilities and the futures market. In particular, the returns and volatility spillover are bidirectional and ricocheting-off transmission in nature. Specifically, such interdependence is stronger in the case of the Islamic spot index than the conventional spot index and during financial shocks.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924002666/pdfft?md5=38c6d570f2d12792b385df3cd80b4fe1&pid=1-s2.0-S0275531924002666-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141593439","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

Financial literacy and the household participation in commercial insurance: Evidence from China 金融知识与家庭参与商业保险：来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-07-05 DOI: 10.1016/j.ribaf.2024.102478

Minjia Guo , Ximing Chen , Tianqi Wang , Jie Cao

引用次数: 0