Journal of Financial Services Research最新文献

筛选
英文 中文
Option-Implied Skewness and the Value of Financial Intermediaries 期权隐含偏度与金融中介的价值
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-10-20 DOI: 10.1007/s10693-022-00387-y
Silvia Bressan, Alex Weissensteiner
{"title":"Option-Implied Skewness and the Value of Financial Intermediaries","authors":"Silvia Bressan, Alex Weissensteiner","doi":"10.1007/s10693-022-00387-y","DOIUrl":"https://doi.org/10.1007/s10693-022-00387-y","url":null,"abstract":"<p>In this paper, we analyze the relationship among skewness, value, and stock returns for US financial intermediaries. Further, we compare skewness based on past returns to risk-neutral skewness based on options. We find that the option-implied skewness has a significantly higher explanatory power. In line with the strand of literature on investors exploiting mispriced stocks through option trading, we find that a higher ex ante skewness indicates a low valuation that predicts higher returns. We investigate the relationship between skewness and value for each segment of intermediaries, and we show that the link is strongest for financial technology firms.</p>","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138508697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Access to Credit in a Market Downturn 在市场低迷时期获得信贷
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-10-18 DOI: 10.1007/s10693-022-00388-x
B. Casu, L. Chiaramonte, E. Croci, Stefano Filomeni
{"title":"Access to Credit in a Market Downturn","authors":"B. Casu, L. Chiaramonte, E. Croci, Stefano Filomeni","doi":"10.1007/s10693-022-00388-x","DOIUrl":"https://doi.org/10.1007/s10693-022-00388-x","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43548587","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 4
Systemic Risk: Bank Characteristics Matter 系统性风险:银行特征至关重要
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-09-03 DOI: 10.1007/s10693-022-00386-z
Sharif Mazumder, Louis R. Piccotti
{"title":"Systemic Risk: Bank Characteristics Matter","authors":"Sharif Mazumder, Louis R. Piccotti","doi":"10.1007/s10693-022-00386-z","DOIUrl":"https://doi.org/10.1007/s10693-022-00386-z","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43252743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 1
Correction to: Bank Risk and Firm Investment: Evidence from Firm-Level Data 修正:银行风险与企业投资:来自企业层面数据的证据
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-04-19 DOI: 10.1007/s10693-022-00383-2
A. Shamshur, L. Weill
{"title":"Correction to: Bank Risk and Firm Investment: Evidence from Firm-Level Data","authors":"A. Shamshur, L. Weill","doi":"10.1007/s10693-022-00383-2","DOIUrl":"https://doi.org/10.1007/s10693-022-00383-2","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45724857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
US National Banks and Local Economic Fragility 美国国家银行与地方经济脆弱性
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-04-13 DOI: 10.1007/s10693-022-00382-3
G. Calice, Yong Kyu Gam
{"title":"US National Banks and Local Economic Fragility","authors":"G. Calice, Yong Kyu Gam","doi":"10.1007/s10693-022-00382-3","DOIUrl":"https://doi.org/10.1007/s10693-022-00382-3","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45885048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Investor Diversity and Liquidity in The Secondary Loan Market 二级贷款市场的投资者多样性和流动性
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-04-07 DOI: 10.1007/s10693-022-00377-0
João A. C. Santos, Pei Shao
{"title":"Investor Diversity and Liquidity in The Secondary Loan Market","authors":"João A. C. Santos, Pei Shao","doi":"10.1007/s10693-022-00377-0","DOIUrl":"https://doi.org/10.1007/s10693-022-00377-0","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42718118","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 1
Effects of Macroprudential Policies on Bank Lending and Credit Risks 宏观审慎政策对银行贷款和信贷风险的影响
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-03-24 DOI: 10.1007/s10693-022-00378-z
S. Behncke
{"title":"Effects of Macroprudential Policies on Bank Lending and Credit Risks","authors":"S. Behncke","doi":"10.1007/s10693-022-00378-z","DOIUrl":"https://doi.org/10.1007/s10693-022-00378-z","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45188899","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 8
Bank Risk and Firm Investment: Evidence from Firm-Level Data 银行风险与企业投资:来自企业层面数据的证据
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-03-05 DOI: 10.1007/s10693-022-00379-y
A. Shamshur, L. Weill
{"title":"Bank Risk and Firm Investment: Evidence from Firm-Level Data","authors":"A. Shamshur, L. Weill","doi":"10.1007/s10693-022-00379-y","DOIUrl":"https://doi.org/10.1007/s10693-022-00379-y","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44189811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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 much do Investors Rely on Credit Ratings: Empirical evidence from the U.S. and E.U. CLO primary market 投资者对信用评级的依赖程度:来自美国和欧盟CLO一级市场的经验证据
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-03-01 DOI: 10.1007/s10693-021-00372-x
F. Fabozzi, Vivian M. van Breemen, Dennis Vink, Mike Nawas, Austin Gengos
{"title":"How much do Investors Rely on Credit Ratings: Empirical evidence from the U.S. and E.U. CLO primary market","authors":"F. Fabozzi, Vivian M. van Breemen, Dennis Vink, Mike Nawas, Austin Gengos","doi":"10.1007/s10693-021-00372-x","DOIUrl":"https://doi.org/10.1007/s10693-021-00372-x","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43902510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 1
Bank Market Power and Access to Credit: Bank-Firm Level Evidence From the Euro Area 银行市场力量与信贷获取:来自欧元区的银行企业层面证据
IF 1.4 4区 经济学
Journal of Financial Services Research Pub Date : 2022-01-31 DOI: 10.1007/s10693-021-00373-w
Pietro Grandi, Caroline Ninou Bozou
{"title":"Bank Market Power and Access to Credit: Bank-Firm Level Evidence From the Euro Area","authors":"Pietro Grandi, Caroline Ninou Bozou","doi":"10.1007/s10693-021-00373-w","DOIUrl":"https://doi.org/10.1007/s10693-021-00373-w","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46764089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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: 2
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信