Research in International Business and Finance最新文献_第9页

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

Comparing the resilience of socially responsible and SIN investment during the COVID-19 pandemic 比较社会责任投资和 SIN 投资在 COVID-19 大流行期间的抗灾能力

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-09-06 DOI: 10.1016/j.ribaf.2024.102537

David Meehan , Shaen Corbet

{"title":"Comparing the resilience of socially responsible and SIN investment during the COVID-19 pandemic","authors":"David Meehan , Shaen Corbet","doi":"10.1016/j.ribaf.2024.102537","DOIUrl":"10.1016/j.ribaf.2024.102537","url":null,"abstract":"<div><p>This study analyses the performance dynamics of socially responsible investment (SRI) and SIN investment exchange-traded funds (ETFs) during the COVID-19 pandemic in the United States. Utilising a GARCH methodology, the research examines ETF returns while considering significant COVID-19-related events to assess their impact. The study diverges from the conventional narrative of SIN stocks’ superiority by illustrating the resilience and outperformance of SRI ETFs in terms of returns and volatility stability during the pandemic. This finding challenges previous assertions in the literature and suggests a potential paradigm shift in investment strategies during periods of global crisis. The results underscore the importance of integrating Environmental, Social, and Governance (ESG) factors into investment decisions, especially in turbulent times. This study offers investors actionable insights into the benefits of SRI ETFs, demonstrating their ability to provide stable returns and reduced risk during economic downturns. Fund managers can leverage these findings to align their portfolios with ESG principles, enhancing resilience against future crises. Policymakers can also draw on this evidence to promote sustainable investment frameworks that support long-term financial stability. Overall, this study contributes to the evolving discourse on sustainable investing, positioning SRI as a viable approach that balances financial performance with societal impact.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102537"},"PeriodicalIF":6.3,"publicationDate":"2024-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924003301/pdfft?md5=1dfecedb6514d1ffd4b1ce8d602eeef1&pid=1-s2.0-S0275531924003301-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142171661","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

Inter- and intra-connectedness between energy, gold, Bitcoin, and Gulf cooperation council stock markets: New evidence from various financial crises 能源、黄金、比特币和海湾合作委员会股票市场之间的内在联系：来自各种金融危机的新证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-08-31 DOI: 10.1016/j.ribaf.2024.102548

Ijaz Younis , Muhammad Abubakr Naeem , Waheed Ullah Shah , Xuan Tang

{"title":"Inter- and intra-connectedness between energy, gold, Bitcoin, and Gulf cooperation council stock markets: New evidence from various financial crises","authors":"Ijaz Younis , Muhammad Abubakr Naeem , Waheed Ullah Shah , Xuan Tang","doi":"10.1016/j.ribaf.2024.102548","DOIUrl":"10.1016/j.ribaf.2024.102548","url":null,"abstract":"<div><p>This study analyzes the inter-dependence of the oil, gold, Bitcoin (BTC), and Gulf Cooperation Council stock markets during the recent Russia–Ukraine and Israel–Palestine conflicts. The study found that these markets were less inter-connected during oil battles and the Russia–Ukraine conflict but more inter-connected during the COVID-19 crisis. Findings indicated that Oman, Kuwait, gold, and Qatar are the most significant spillover receivers, whereas the United Arab Emirates (UAE), Kingdom of Saudi Arabia, and West Texas Intermediate are the primary risk spillover transmitters in the Israel–Palestine conflict. Additionally, BTC and the UAE are significant transmitters, whereas Kuwait and Qatar are the highest-risk spillover receivers in the Russia–Ukraine war. Portfolio estimates revealed that gold, BTC, and/or oil are useful in various equity markets for portfolio diversification and hedging under different market conditions and time horizons. These data can guide managers in portfolio construction and risk diversification.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102548"},"PeriodicalIF":6.3,"publicationDate":"2024-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924003416/pdfft?md5=4b9029588c946c81f657b503cd0d7c07&pid=1-s2.0-S0275531924003416-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142129688","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

Does data asset disclosure contribute to the market efficiency? Evidence from China 数据资产披露有助于提高市场效率吗？来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-08-30 DOI: 10.1016/j.ribaf.2024.102549

Yanlin Wei , Junrui Zhang , Maoyong Cheng , Tingting Liu

{"title":"Does data asset disclosure contribute to the market efficiency? Evidence from China","authors":"Yanlin Wei , Junrui Zhang , Maoyong Cheng , Tingting Liu","doi":"10.1016/j.ribaf.2024.102549","DOIUrl":"10.1016/j.ribaf.2024.102549","url":null,"abstract":"<div><p>Information regarding firms' data assets and stock pricing has been more closely related when data is integrated into firms' value creation processes. However, since data asset disclosure can also be engaged in impression management by firms, its contribution to market efficiency may be impeded. Using a sample of Chinese A-share listed firms from 2014 to 2020, this study examines the impact of increased data asset information disclosure on the subsequent stock price volatility. The findings suggest that more data asset disclosure reduces stock return idiosyncratic volatility. The mechanism analysis shows that data asset disclosure reduces idiosyncratic volatility of stock prices by mitigating analyst forecast dispersion and noise trading induced by buy-sell imbalances. Moreover, this mitigating effect is more pronounced in firms with more analyst following, observable digital investments, and higher liquidity. But the effect is diminished if firms use a more positive abnormal tone in their annual reports.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102549"},"PeriodicalIF":6.3,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924003428/pdfft?md5=79c4c5d310ede9a8977bff4e358f50e5&pid=1-s2.0-S0275531924003428-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142162061","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

Connectedness and frequency connection among green bond, cryptocurrency and green energy-related metals around the COVID-19 outbreak COVID-19 爆发前后绿色债券、加密货币和绿色能源相关金属之间的关联性和频率联系

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-08-30 DOI: 10.1016/j.ribaf.2024.102547

Hongjun Zeng , Qingcheng Huang , Mohammad Zoynul Abedin , Abdullahi D. Ahmed , Brian Lucey

{"title":"Connectedness and frequency connection among green bond, cryptocurrency and green energy-related metals around the COVID-19 outbreak","authors":"Hongjun Zeng , Qingcheng Huang , Mohammad Zoynul Abedin , Abdullahi D. Ahmed , Brian Lucey","doi":"10.1016/j.ribaf.2024.102547","DOIUrl":"10.1016/j.ribaf.2024.102547","url":null,"abstract":"<div><p>We investigate the return interdependence among green bonds, cryptocurrency indices and green energy-related metals. We apply time-varying parametric vector autoregression (TVP-VAR) conenctedness, wavelet coherence, Wavelet Quantile Correlation （WQC) and Quantile on Quantile (QQR) Connectedness Methods. Our empirical findings show that return connectedness has become even stronger after the outbreak of COVID-19, with both green bonds and cryptocurrency indices acting as net receivers of return spillovers. Surprisingly, Copper functioned as a net sender of return spillovers over the entire observation period. Findings revealed that the cryptocurrency index exhibited a consistent positive correlation with the green energy-related metals market at medium to short-term frequencies, whereas green bonds showed a negative correlation with metals market at short-term frequencies and a positive correlation at long-term frequencies.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102547"},"PeriodicalIF":6.3,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924003404/pdfft?md5=876438c49b92a12d5fdfc661c0edec57&pid=1-s2.0-S0275531924003404-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142117691","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

Return and volatility connectedness between agricultural tokens and us equity sectors 农业代币与美国股票部门之间的收益和波动关联性

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-08-27 DOI: 10.1016/j.ribaf.2024.102544

Shoaib Ali , Mohamed Yousfi , Sumayya Chughtai , Anna Min Du

{"title":"Return and volatility connectedness between agricultural tokens and us equity sectors","authors":"Shoaib Ali , Mohamed Yousfi , Sumayya Chughtai , Anna Min Du","doi":"10.1016/j.ribaf.2024.102544","DOIUrl":"10.1016/j.ribaf.2024.102544","url":null,"abstract":"<div><p>This study investigates the return and volatility interconnectedness between emerging digital assets, specifically agricultural tokens, and U.S. equity sectors using the TVP-VAR model. Analyzing data from August 7, 2020, to January 2, 2024, the findings indicate modest interconnections between agricultural tokens and U.S. sectors, with time-varying behavior. Notably, return interconnectedness is generally stronger than volatility, except at the sample period's outset, where volatility dominates. Return spillovers predominantly drive the connectedness system, though agricultural tokens uniquely act as net recipients of both return and volatility spillovers, while U.S. equity sectors mainly transmit spillovers. Optimal portfolio analysis, utilizing portfolio weights and hedge ratios, reveals that incorporating agricultural tokens offers portfolio diversification benefits and enhances hedging performance. Investors are advised to frequently adjust portfolios to maximize diversification and hedging gains. These findings provide significant portfolio implications for policymakers, market participants, and investors.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"72 ","pages":"Article 102544"},"PeriodicalIF":6.3,"publicationDate":"2024-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0275531924003374/pdfft?md5=1d6c245bbe8ae40326b9926a2890e170&pid=1-s2.0-S0275531924003374-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142099412","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

Interplay between oil prices, country risks, and stock returns in the context of global conflict: A PVAR approach 全球冲突背景下石油价格、国家风险和股票回报之间的相互作用：PVAR 方法

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-08-27 DOI: 10.1016/j.ribaf.2024.102545

Qingyuan Dong , Qunyang Du , Anna Min Du

引用次数: 0