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Articles ( Showing 21-40 of 115 items)
Searched for: [ Keywords: "Financial Markets" ] clear all
Journal Article
Financial Inclusion and Environmental Sustainability in Emerging and Developing Countries: Do control of corruption and trade openness matter?
by Emna Trabelsi  and  Thouraya Fhima
Abstract
This study investigates the impact of financial inclusion on environmental sustainability in 178 emerging and developing countries from 1996 to 2022. Employing a composite index derived through Principal Component Analysis (PCA) as a measure of financial inclusion and covering four aspects (access, depth, efficiency, stability), our analysis reveals negative outcomes. The findi [...] Read more

Review
Climate Economics and Finance: A Literature Review
by Hao Dong  and  Tao Li
Abstract
"Climate Economics and Finance" has risen to prominence as a crucial field, encompassing three primary dimensions: Climate Economics, Climate Finance, and the Intersection of Climate Change and Financial Markets. The adverse externalities arising from climate change, exemplifying a classic instance of "market failure" within market economic frameworks, have garnered global atte [...] Read more

Journal Article
Short-Term Shocks Between Central European Stock Markets: An Approach During The 2020 and 2022 Events
by Rui Manuel Teixeira Dias , Mariana Chambino  and  Nicole Rebolo Horta
Abstract
Stock indexes are used as a barometer of economic health, and fluctuations in these markets can have a substantial influence on the economy. For example, the Covid-19 pandemic caused severe economic disruption, as reflected in stock market indexes. Similarly, Russia's invasion of Ukraine has geopolitical implications that might undermine global trade and economic stability, imp [...] Read more

Journal Article
The role of financial drivers on regional economic resilience: Does information technology level matter?
by Xiaoli Hao  and  Junhong Qu
Abstract
Economic globalization has intensified economic volatility around the world, and the importance of economic resilience has become increasingly prominent in the face of rising uncertainty due to frequent domestic and foreign shocks. Based on provincial panel data in China from 2008-2019, a comprehensive indicator system is constructed to measure regional economic resilience (RER [...] Read more

Journal Article
How does Financial Development Affect Regional Economic Growth in China? A Mediating Role of Industrial Structure Optimization
by Tao Zhu , Yu Liu  and  Jingru Chen
Abstract
Financial development and industrial structure optimization are two-wheeled engines for promoting high-quality development, but the causal identification of the two is still poorly understood. This paper addresses this research gap by comprehensively analyzing the relationship between them. Regional economic growth is a necessary condition for achieving high-quality development [...] Read more

Journal Article
Path to Improve the Professional Quality of Students Majoring in Financial News: Micro Evidence from 300 Questionnaires from Three Universities
by Chunhua Zhang  and  Yanjun Jin
Abstract
There must be a better match between the supply of financial news graduates in colleges and the media's demand for financial news talents. Based on 300 questionnaires and in-depth interviews from three universities, namely Shanghai University of Finance and Economics, Nanjing University of Finance and Economics, and Jiangxi University of Finance and Economics, this paper uses t [...] Read more

Journal Article
The Impact of RCEP on Dual Circulation and Greater Bay Area — From the Perspective of China’s Stock Market Conditions
by Bin Mo  and  He Nie
Abstract
With the daily data from Nov 20, 2019 to Oct 31, 2022, this paper examines the dynamic nonlinear effects of RCEP on Dual Circulation and Greater Bay Area stock market from a quantile perspective. The rolling window quantile regressions detect the positive effects of RCEP on Dual Circulation and Greater Bay Area stock markets with significant time-varying characteristics. Meanwh [...] Read more

Journal Article
Trinity for Innovation: Industry-University-Research Amends Factor Misallocation Based on the Dual Perspective of Capital and Labor Force
by Liwen Cheng , Zhouyi Gu , Changsong Wang  and  Hong Jie
Abstract
Based on provincial panel data in China, this study is the first to investigate whether industry-university-research collaborative innovation (IURCI) can help to improve factor misallocation. It is found that IURCI can significantly improve capital misallocation and labor misallocation, and the effect has regional differences, which shows that the improvement effect is obvious [...] Read more
Hit Affiliation:
School of Information Technology, Zhejiang Financial College, Hangzhou, 310018, China

Journal Article
Impact of Carbon Emission Trading Market on Regional Urbanization: an Empirical Study Based on a Difference-In-Differences Model
by Haoyuan Cheng , Xiaoqian Liu  and  Zhenlong Xu
Abstract
China's carbon emission trading market has been formally established, but few studies have been conducted to analyze the impact of this policy on the regional urbanization level. Therefore, this paper evaluates whether the carbon trading pilot policy can enhance the regional urbanization level in China through the difference-in-differences method and analyzes the mediating role [...] Read more

Letter
Getting high on the market: Stock price movements, drug abuse, and health implications
by Tomasz Piotr Wisniewski  and  Brendan John Lambe
Abstract
Using an international dataset, this letter finds that high stock returns are associated with increased death rates from drug use disorders. Although the out-of-pocket expenditure on healthcare also rises following a stock market surge, the net effect on life expectancy is significantly negative. [...] Read more

Journal Article
Are Industry Returns Informative about Other Industries and Fundamentals?
by Nikiforos T. Laopodis
Abstract
This paper examines the information content of selected US industries focusing on the dynamic linkages among these industries, the stock market and a number of fundamental variables. The period of investigation spans from January 1960 to December 2021. The empirical strategy includes several methodologies such as regressions, vector autoregressions and volatility models. The id [...] Read more

Journal Article
Nexus Between Asset Class Volatility and the Output Gap in Nigeria: A Bayesian Var Approach
by richard umeokwobi , Abayomi Awujola , Emeka Nkoro  and  Marvelous Aigbedion
Abstract
Excessive volatility in financial markets can disrupt economic activity, affect investor and consumer confidence, and potentially lead to financial crises in an economy. Due to this backdrop, this study examined the link between asset class volatility and the output gap in Nigeria. The asset classes were categorized into stock, crude, gold, and bitcoin. The study adopted the GA [...] Read more

Journal Article
Ways to improve cross-regional resource allocation: Does the development of digitalization matter?
by Haitao Wu , Yu Hao , Chuanzhen Geng , Weiheng Sun , Youcheng Zhou  and  Feiling Lu
Abstract
The long-term extensive economic development has caused China's resource and environmental problems, especially the resource misallocation. The way China prioritises its limited resources is being significantly impacted by the rise of the digital economy and the interconnectedness of new technologies and the real economy. This paper quantitatively examines the linear and nonlin [...] Read more

Journal Article
Divergences among ESG rating systems: Evidence from financial indexes
by Conghao Zhu  and  Cunyi Yang
Abstract
This paper specifically underscores the disparities among various ESG rating systems in China, highlighting their varied interpretations and emphasis on corporate financial factors. Analyzing data on Chinese listed firms from 2009-2022, we observe that while company size and leverage ratio uniformly correlate with ESG scores across rating agencies such as Bloomberg, Huazheng, W [...] Read more

Journal Article
How do financial regulations and economic freedoms affect bank profitability? Empirical Evidence from the OIC Region
by Ousman Mohammed Yimam
Abstract
Banks operating within a free economic environment and with constructive regulatory frameworks can function with enhanced efficiency, augmenting their profitability. This study aimed to examine the influence of economic freedom and financial restrictions on banks' profitability within the Organization of Islamic Cooperation member nations. The study used a sample of 1453 banks, [...] Read more

Journal Article
Student loan debt and U.S. married households’ stock investment decisions
by Thomas Korankye
Abstract
This study aims to examine the effects of student loan debt on the decisions of U.S. married households to invest in stocks located in non-retirement accounts. Using longitudinal datasets from the 2011 to 2017 U.S. Panel Study of Income Dynamics and a fixed effects logit model, the results show mixed findings. The presence of student debt decreases the probability that married [...] Read more
Hit Affiliation:
Personal and Family Financial Planning, Norton School of Human Ecology, The University of Arizona, Tucson, USA

Letter
Time-frequency dependency between stock market volatility, and Islamic gold-backed and conventional cryptocurrencies
by Md. Mamunur Rashid  and  Md. Ruhul Amin
Abstract
We extend the Shariah-compliant digital assets and Islamic Fintech literature through exploring the time-frequency associations between the volatility index (VIX) and cryptocurrencies (both Islamic and traditional). Employing wavelet-based technique, we find that Islamic cryptocurrencies demonstrate low or no coherency with stock market volatility compared to traditional crypto [...] Read more

Journal Article
Central bank policy formulation under COVID-19 in Ghana: A fit-for-purpose?
by Johnson Worlanyo Ahiadorme  and  Deodat E. Adenutsi
Abstract
This paper evaluates the fit-for-purpose of the monetary policy measures implemented by the Bank of Ghana in response to the COVID-19 pandemic. We examine the effectiveness of the BoG’s policy interventions in the context of vector autoregressions augmented with macroeconomic and financial indicators. We demonstrate that the BoG’s monetary policy measures have had n [...] Read more

Journal Article
Carbon emissions trading price forecasts by multi-perspective fusion
by Chong Zhang  and  Zhiying Feng
Abstract
The precise prediction of carbon emissions trading prices is the foundation for the stable and sustainable development of the carbon financial market. In recent years, influenced by a combination of factors such as the pandemic, trading regulations, and policies, carbon prices have exhibited strong random volatility and clear non-stationary characteristics. Traditional single-p [...] Read more

Journal Article
State intervention in land pricing and endogenous risk aversion
by Yong He
Abstract
This study explores the cause and effect of endogenous risk aversion in land pricing, where state intervention through taxation remains a general practice. Using a consumption-based asset pricing model incorporating taxation, it is shown that high taxation, due to the indexation effect, supporting land prices and reducing individuals' risk expectations, could lead to an endogen [...] Read more