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Stock exchange

About: Stock exchange is a research topic. Over the lifetime, 39566 publications have been published within this topic receiving 612044 citations.


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Journal ArticleDOI
TL;DR: In this paper, the authors investigated the determinants of corporate cash holdings in Canada and found that market-to-book ratio, cash flow, net working capital, leverage, firm size, board size, and the CEO duality significantly affect the corporate cash holding in Canada.
Abstract: The purpose of this study is to investigate the determinants of corporate cash holdings in Canada. This study also seeks to extend the findings of Afza and Adnan (2007). A sample of 166 Canadian firms listed on Toronto Stock Exchange for a period of 3 years (from 2008-2010) was selected. This study applied co-relational and non-experimental research design. The results show that market-to-book ratio, cash flow, net working capital, leverage, firm size, board size, and the CEO (chief executive officer) duality significantly affect the corporate cash holdings in Canada. This study contributes to the literature on the factors that determine the corporate cash holdings. The findings may be useful for the financial managers, investors, and financial management consultants.

165 citations

Journal ArticleDOI
TL;DR: The authors explored market, regulatory and institutional features that can explain the variation in the relationship between bank competition and bank stability and showed that an increase in competition will have a larger impact on banks' fragility in countries with stricter activity restrictions, lower systemic fragility, better developed stock exchanges, more generous deposit insurance and more effective systems of credit information sharing.
Abstract: This paper documents large cross-country variation in the relationship between bank competition and bank stability and explores market, regulatory and institutional features that can explain this variation. We show that an increase in competition will have a larger impact on banks’ fragility in countries with stricter activity restrictions, lower systemic fragility, better developed stock exchanges, more generous deposit insurance and more effective systems of credit information sharing. The effects are economically large and thus have important repercussions for the current regulatory reform debate.

164 citations

Journal ArticleDOI
TL;DR: The Repurchase of Common Stock as discussed by the authors is a seminal work in the field of finance, and it has been widely cited as a classic work in finance and finance education, and is a contributor to World Business Systems, edited by Jean Boddewyn.
Abstract: Dr. Franck is Professor of International Investment and Trade at Syracuse University. He was Dean of Robert College in Istanbul, Turkey for several years before assuming his current post. He is a contributor to World Business Systems, edited by Jean Boddewyn. Dr. Young is Associate Professor of Finance at Syracuse University. He taught at the Baruch School of Business of the City College of New York before assuming his current post. He is coauthor of The Repurchase of Common Stock.

164 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigated the role of stock markets in economic growth and shed some light on the macroeconomic determinants which must have an important influence on stock markets development.
Abstract: Purpose – The purpose of this study is to investigate the role of stock markets in economic growth and to shed some light on the macroeconomic determinants which must have an important influence on stock markets development.Design/methodology/approach – The empirical study is conducted using an unbalanced panel data from 12 Middle Eastern and North African (MENA) region countries. Econometric issues are based on estimation of some fixed and random effects specifications.Findings – It is found that saving rate, financial intermediary, stock market liquidity and the stabilization variable are the important determinants of stock market development. In addition, it is found that financial intermediaries and stock markets are complements rather than substitutes in the growth process.Practical implications – This paper has some policy implications to MENA region countries. In order to promote stock market development in the region, it is important to encourage savings by appropriate incentives, to improve stock...

164 citations

Posted Content
TL;DR: In this article, a group of Korean companies listed on the Korean Stock Exchange disclosed environmental information in their 1997 semi-annual financial reports, which was the first incidence of corporate social and environmental disclosure made in financial reports in Korea.
Abstract: In 1997, a group of Korean companies listed on the Korean Stock Exchange disclosed environmental information in their 1997 semi-annual financial reports, which was the first incidence of corporate social and environmental disclosure made in financial reports in Korea. The purpose of this study is to examine these initial environmental disclosures in terms of their quality and quantity and to test for possible relationships between the propensity to disclose and a variety of corporate characteristics. Content analysis is conducted to evaluate the overall standards of disclosure and then a variety of association tests are performed to determine whether the propensity to disclose is associated with selected corporate characteristics. Using a sample of disclosing and non-disclosing firms, I find that industry type and firm size are significantly associated with the propensity to disclose. When the analysis is confined within the discloser group only, financial leverage emerges as a significant explanatory variable for the level of disclosure especially in high-profile industries.

164 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20232,414
20225,944
20211,840
20202,645
20192,535
20182,413