Results 141 to 150 of about 308,452 (217)

Financial Literacy, Financial Development and Economic Growth

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT While significant progress has been made in exploring the importance of financial literacy, its impact on economic growth and financial development from a macroeconomic point of view remains thinly understood. This paper provides fresh evidence on the relationship between financial literacy, financial development and economic growth.
Spyridon Boikos   +2 more
wiley   +1 more source

Strong Decay of Correlations for Gibbs States in Any Dimension. [PDF]

open access: yesJ Stat Phys
Bluhm A, Capel Á, Pérez-Hernández A.
europepmc   +1 more source

ESG Performance and Credit Risk: Evidence From Chinese Manufacturing Companies

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT This study investigates the effect of corporate environmental, social, and governance (ESG) performance on credit risk using a sample of manufacturing firms listed on China's Shanghai and Shenzhen A‐share markets from 2009 to 2021. Employing fixed effects, the generalised method of moments, and instrumental variable models, we find that ...
Yanan Wang   +4 more
wiley   +1 more source

Inconsistency of the Capital Asset Pricing Model in a Multi‐Currency Environment

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT The capital asset pricing model (CAPM) is a widely adopted model in asset pricing theory and portfolio construction because of its intuitive nature. One of its main conclusions is that there exists a global market portfolio that each rational investor should hold in proportion to the risk‐free asset. In this paper, we demonstrate theoretically
Khalifa Al‐Thani   +4 more
wiley   +1 more source

Revisiting the Impact of Foreign Direct Investment on Crime: A Global Analysis

open access: yesInternational Studies of Economics, EarlyView.
ABSTRACT Drawing upon extensive literature on Foreign Direct Investment (FDI) spillovers, we hypothesize that FDI inflow represents a double‐edged sword with respect to crime in host countries. On one hand, FDI can contribute to economic growth and social well‐being by infusing capital and knowledge into the host countries, thereby potentially ...
Yuan Chen   +3 more
wiley   +1 more source

Estimating Treatment Effects With Limited Exogeneity: A Machine Learning Approach to Selection Bias

open access: yesInternational Studies of Economics, EarlyView.
ABSTRACT This paper presents a novel method for estimating treatment effects in cases where prior knowledge of the exogeneity of the treatment variable is limited. We employ a machine learning technique, double selection via Lasso, to identify a robust set of control variables without requiring prior assumptions about their specific identities or ...
Rui Sun, Shiyi Chen
wiley   +1 more source

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