Showing papers in "Research in International Business and Finance in 2020"

TL;DR: In this paper, the authors examined the stock markets' response to the COVID-19 pandemic and found negative market reaction was strong during early days of confirmed cases and then between 40 and 60 days after the initial confirmed cases.

TL;DR: As Tether successfully maintained its peg to the US dollar during the COVID-19 turmoil, it acted as a safe haven investment for all of the international indices examined.

TL;DR: In this paper, the authors identify "greenwashers" as firms which seem very transparent and reveal large quantities of ESG data but perform poorly in ESG aspects, and measure the extent to which large-cap firms engage in greenwashing.

TL;DR: In this article, the authors investigate the stochastic properties of six major cryptocurrencies and their bilateral linkages with six stock market indices using fractional integration techniques and provide evidence of no cointegration between the six cryptocurrencies.

TL;DR: In this article, the impact of corporate governance mechanisms on the financial performance of Indian and GCC listed firms was analyzed and found that board accountability and audit committee have an insignificant impact on firms' performance measured by ROE and Tobin's Q.

TL;DR: In this paper, the influence of economic policy uncertainty (EPU) at domestic and global levels on aggregate bank credit growth has been examined through both supply and demand side factors of bank credit in 22 economies over the period 2001-2015.

TL;DR: A survey of the academic literature concerning the formation of pricing bubbles in digital currency markets can be found in this paper, where the authors present a robust bibliography based on large deviations of market quotes from fundamental values that can serve as a guide to policymakers, academics and investors.

TL;DR: In this article, the co-movements between Bitcoin and the Dow Jones World Stock Market Index, regional Islamic stock markets, and Sukuk markets were examined and the benefits of portfolio diversification with BTC and Islamic assets vary across time and frequencies.

TL;DR: In this article, the authors present an overview of the state-of-the-art in trade credit research by examining 1191 publications between 1955 and 2019 and compare the extant research across the three sub-domains of banking and finance, production and operations, and accounting.

TL;DR: In this paper, the authors examined how economic policy uncertainty (EPU) impacts the Bitcoin (BTC) markets denominated in local currencies and constructed the value-weighted BTC/GBP and BTC/USD composite indices.

TL;DR: Wang et al. as mentioned in this paper examined the impact of economic policy uncertainty on firm-specific crash risk and found that firms with high valuation uncertainty are more sensitive to economic policy uncertainties and are more likely to experience stock price crashes.

TL;DR: In this article, the authors examined the impact of financial regulation on financial inclusion in Sub-Saharan Africa, considering the moderating role of financial stability, and found that financial stability augments financial regulation.

TL;DR: This article found evidence that a rise in economic policy uncertainty (EPU) leads to a decline in stock returns in Chinese market; however, a positive coefficient was observed in the lagged EPU as stock prices rebound.

TL;DR: In this paper, the authors examined the role of financial globalization, institutions and economic growth on the development of financial sector in European countries using panel data covering the period of 1989-2016.

TL;DR: In this article, the authors investigated the nexus between financial deepening and foreign direct investment in the context of a heterogeneous panel of One Belt One Road partner countries, using a relatively new FD index proposed by the International Monetary Fund.

TL;DR: Stablecoins can serve as safe havens in specific situations, although most act merely as an effective diversifier in normal market conditions, and the safe haven property of stablecoins changes across market conditions.

TL;DR: In this article, a dataset of 120 regulatory events from five classes was used to test the relevance of the regulatory framework for cryptocurrency value, showing statistically and economically significant impact of anti-money laundering and issuance regulation.

TL;DR: In this article, the authors select the most optimum model or set of models useful for modeling sixteen of the most popular crypto-currencies associated volatility, and the most effectively fit model or superior set is then selected through maximizing the likelihood and minimizing the AIC and BIC information criteria.

TL;DR: In this paper, the authors examined the spillover dynamics between the U.S. and BRICS stock markets using the multivariate DECO-GJR-GARCH model and spillover index method.

TL;DR: In this article, board diversity is classified into relation-oriented diversity (gender and age) and task oriented diversity (tenure and education), and the effect of board diversity on stock price crash risk is analyzed.

TL;DR: In this paper, the authors examined the role of economic structural factors on COVID-19 mortality rates, focusing on a densely populated region of France, and found evidence that higher economic "precariousness indicators" such as unemployment and poverty rates, lack of formal education and housing are important factors in determining COVID19 mortality rate.

TL;DR: In this article, the authors investigated the multivariate dependence between oil prices, equity markets, and exchange rates in certain oil-importing and oil-exporting countries by applying the vine copulas approach which offers a greater flexibility and permits the modelling of complex dependency patterns for high-dimensional distributions.

TL;DR: In this article, the authors studied the contribution of the newly launched future contracts to the bitcoin price discovery process and found that although the volume of bitcoins traded in the decentralized spot market overwhelms that of the futures market, the latter plays a more important role in incorporating new information about the value of bitcoin.

TL;DR: In this paper, the authors explore the spillovers between economic policy uncertainty (EPU) and stock market realized volatility (RV), and they find that RV is a net receiver that is more vulnerable to shocks from U.S. EPU than to Chinese EPU.

TL;DR: In a time-varying copula analysis, given by the Student-t copula, it is found that even under normal market conditions, for some markets, the role of Bitcoin as a hedge asset might fail on a high number of days.

TL;DR: In this paper, the authors analyze the incentives of large shareholders to implement the corporate governance system that favors their interests within a framework of highly concentrated ownership and poor legal protection for investors.

TL;DR: In this article, the authors investigated the impact of economic policy uncertainty on insurance premiums in a panel of 15 countries over the period 1998-2016 by employing heterogeneous panel estimation techniques with cross-sectional dependence.

TL;DR: In this paper, the authors investigated the relationship between the growing role played by Islamic finance, its connection with sustainability and the drivers of such relationship, based on a sample of 224 banks from sixteen emerging and advanced countries in the period 2014-2017.

TL;DR: In this paper, the authors analyzed the connectedness network for commercial traders' sentiment across agriculture, energy, metals and livestock futures markets and found that most of them would avoid risks in these markets by operating in the metal markets, which can be considered safe for PMPU traders.

TL;DR: In this paper, the authors investigate causal relationships between systemic risk, economic policy uncertainty and firm bankruptcies, conditional on global volatility proxied by the VIX index, in a sample of 15 advanced and major emerging market economies during January 2008-June 2018.