Results 41 to 50 of about 418 (215)
Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT This study investigates whether green bond issuance in the presence of environmental, social and governance (ESG) performance improvements affects banks' financial performance. Using a panel of 1738 bank‐year observations from 2009 to 2023, the study examines the efficacy of ESG pillars in enhancing the value of green bond issuance ...
Egidio Palmieri +2 more
wiley +1 more source
Physical Climate Risk in Asset Management
Corporate Social Responsibility and Environmental Management, EarlyView.ABSTRACT Climate‐related phenomena are increasingly affecting regions worldwide, manifesting as floods, water scarcity, and heat waves, significantly impairing companies' assets and productivity. It is essential for asset managers to quantify the exposure of their portfolios to such risk.
Michele Azzone +3 more
wiley +1 more source
Bank Capital Regulation and Derivatives Clearing
International Journal of Finance &Economics, EarlyView.ABSTRACT As part of the post global financial crisis banking reforms, regulators introduced a leverage ratio requirement, a minimum capital requirement over a bank's total exposures. We assess the consequences of this requirement for derivative clearing services to clients, which creates exposures for the dealers, by exploiting its earlier introduction
Jonathan Acosta‐Smith +2 more
wiley +1 more source
Ekonomi, Politika & Finans Araştırmaları Dergisi, 2023 Kredi temerrüt swapları (CDS) bir kredinin geri ödenmeme durumuna karşı, belirli bir tutar karşılığında alacaklı tarafı koruma altına alan kredi türev enstrümanı şeklinde tanımlanmaktadır. Bu kapsamda çalışmada risk prim göstergesi olan CDS ile Küresel Ekonomi Politikası Belirsizlik Endeksi olan GEPU ve seçilmiş makro ekonomik göstergelerin ilişkisi ...
Hakan KUM +2 more
openaire +1 more source
Measuring Currency Risk Premium: The Case of Turkey
International Journal of Finance &Economics, EarlyView.ABSTRACT This study examines the determinants of a change in currency expectations for the Turkish Lira (TL) versus the US dollar with different maturities (1 month, 3 months and 1 year). The risk premium is estimated using the interest rate differential and a latent component called the missing risk premium.
Idil Uz Akdogan +2 more
wiley +1 more source
Fiscal Rules, Independent Fiscal Institutions and Sovereign Risk: Evidence From the European Union
International Journal of Finance &Economics, EarlyView.ABSTRACT This paper examines the effects of fiscal rules (FRs) and independent fiscal institutions (IFIs) on sovereign risk. To address potential endogeneity issues, we employ the System Generalised Method of Moments (GMM) estimator in an analysis comprising 24 European Union member states throughout the 2007–2019 period.
Bogdan Căpraru +2 more
wiley +1 more source
Exchange Rate Risk and Deviations From Purchasing Power Parity
International Journal of Finance &Economics, EarlyView.ABSTRACT This paper proposes a new solution to the purchasing power parity (PPP) puzzles, arguing that investors' higher‐order risk attitudes, combined with higher‐order uncertainty about nominal exchange rates, as reflected by skewness and kurtosis, drive a risk premium that leads to deviations from PPP.
Michael G. Arghyrou +2 more
wiley +1 more source
Sustainability Performance and Corporate Risk: Evidence From the Tourism Industry
International Journal of Finance &Economics, EarlyView.ABSTRACT We investigate the impact of sustainability performance (Refinitiv Environmental, Social, and Governance [ESG] scores) on corporate risk (CR). We apply stakeholder theory and the resource‐based view to an international sample of 247 tourism firms from 2002 to 2018.
Omneya Abdelsalam +4 more
wiley +1 more source
Psychology &Marketing, EarlyView.ABSTRACT This study investigates how predecision comfort, a positive emotional state experienced before making a choice, influences consumers' transition from a deliberative to an implemental mindset. While the notion that comfort facilitates decisive action may seem intuitive, consumer decision‐making theory has predominantly emphasised cognitive ...
Sean Sands +3 more
wiley +1 more source
The impact of war in Ukraine on market and credit risk: A case study of EuroStoxx companies
Review of Financial Economics, EarlyView.Abstract In this article, we explore the impact of the beginning of the war between Ukraine and Russia on both the market and credit risk of large European companies to find out which were more sensitive and if the reactions varied by sector. We sampled from companies included in the EuroStoxx 600 index and those whose CDS can be found in the iTraxx ...
Cecilia Téllez Valle +2 more
wiley +1 more source