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International Journal of Financial Studies, Volume 8, Issue 3

2020 September - 21 articles

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Articles (21)

  • Article
  • Open Access
2 Citations
8,006 Views
21 Pages

We examine stock prices and the number of stocks traded around ex-dividend dates of German stocks with tax-free dividend. Tax-free dividends are temporarily tax-exempt, as they reduce the initial purchasing price of a stock. With our analysis of this...

  • Article
  • Open Access
2 Citations
3,919 Views
16 Pages

Stock repurchases have become a preferred method of distributing cash to stockholders. However, given the high level of information asymmetry and weak corporate governance as well as poor investor protection in Vietnam, many Vietnamese firms use stoc...

  • Article
  • Open Access
2 Citations
7,487 Views
14 Pages

This study explored the option value embedded in a reverse mortgage in Korea through an empirical analysis, using the Black–Scholes option-pricing model. The value of a reverse mortgage is affected by the variation in house prices. However, old...

  • Article
  • Open Access
5 Citations
4,584 Views
16 Pages

Robust Optimization-Based Commodity Portfolio Performance

  • Ramesh Adhikari,
  • Kyle J. Putnam and
  • Humnath Panta

This paper examines the performance of a naïve equally weighted buy-and-hold portfolio and optimization-based commodity futures portfolios for various lookback and holding periods using data from January 1986 to December 2018. The application of...

  • Article
  • Open Access
6 Citations
4,698 Views
13 Pages

This study presents empirical evidence about the determinants of long-term government bond yields for 19 economies of the European Monetary Union (EMU) over the period 1995–2018 within a multivariate panel framework. The fixed effects estimator...

  • Article
  • Open Access
6 Citations
3,490 Views
17 Pages

The 2008 global financial crisis provides us with a wide range of study fields on cross-asset contagion mechanisms in the US financial markets. After a decade of the so-called subprime crisis, the impact of market news on asset volatilities increased...

  • Article
  • Open Access
24 Citations
11,169 Views
15 Pages

In Kenya, the last few years has seen the performance of companies listed under the commercial and services segment on the Nairobi Securities Exchange (NSE), experience mixed fortunes. The study sought to assess the implications of financial risk on...

  • Article
  • Open Access
7 Citations
6,167 Views
24 Pages

The objectives of this study are to determine the level of conformity between Current Issued Reports (CIRs) and Integrated Report (IR) elements of the Amman Stocks Exchange (ASE) listed companies, as well as to determine whether the investigated corp...

  • Feature Paper
  • Article
  • Open Access
3 Citations
4,133 Views
15 Pages

Forecasting Credit Ratings of EU Banks

  • Vasilios Plakandaras,
  • Periklis Gogas,
  • Theophilos Papadimitriou,
  • Efterpi Doumpa and
  • Maria Stefanidou

The aim of this study is to forecast credit ratings of E.U. banking institutions, as dictated by Credit Rating Agencies (CRAs). To do so, we developed alternative forecasting models that determine the non-disclosed criteria used in rating. We compile...

  • Article
  • Open Access
4 Citations
3,925 Views
27 Pages

This study empirically analyzes the effect of debt origin on investment efficiency. According to previous studies that report that the quality of financial reporting may vary depending on the origin of the debt, the empirical analysis predicted that...

  • Feature Paper
  • Article
  • Open Access
11 Citations
7,220 Views
20 Pages

This case study is based on actual project and consultancy work, balancing real life experience with a review and analysis of empirical and theoretical literature. Tidal stream energy (TSE) is still a nascent technology, but with much better predicta...

  • Feature Paper
  • Article
  • Open Access
3 Citations
3,864 Views
32 Pages

Corporate finance research focuses on C corps (CCs) neglecting pass-throughs (PTs). We answer this neglect by examining PT outputs for the categories of debt choice, valuation, and leverage gain. In the process, we expand on the nongrowth PT research...

  • Article
  • Open Access
398 Citations
65,650 Views
14 Pages

This study sought to investigate the impact of AI on digital financial inclusion. Digital financial inclusion is becoming central in the debate on how to ensure that people who are at the lower levels of the pyramid become financially active. Fintech...

  • Article
  • Open Access
10 Citations
6,537 Views
15 Pages

Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine

  • Alexander Baranovsky,
  • Nataliia Tkachenko,
  • Vladimer Glonti,
  • Valentyna Levchenko,
  • Kateryna Bogatyrova,
  • Zaza Beridze,
  • Larisa Belinskaja and
  • Iryna Zelenitsa

Traditionally, public procurement has been associated with the measurement of achieving savings. However, recent research shows that the economic impact of public procurement is not limited only to savings, but by measuring the impact of four capital...

  • Article
  • Open Access
3 Citations
4,870 Views
10 Pages

Information about the possibilities of changes in national and international macroeconomic variables affects the expectations and behavior of individuals and firms more quickly than real changes in those macroeconomic variables. In this research, we...

  • Article
  • Open Access
45 Citations
7,637 Views
19 Pages

This study aims to examine the effect of the bank-specific and macroeconomic determinants of profitability for the banking sector of Pakistan. To incorporate the issues of endogeneity, unobserved heterogeneity, and profit persistence, we apply a gene...

  • Article
  • Open Access
4 Citations
5,267 Views
19 Pages

Vision 2030 of the Kingdom of Saudi Arabia (KSA) requires numerous national and multinational organizations to re-engineer themselves to achieve the required targets for the upturn of the Saudi economy. In this respect, the quality of indigenous good...

  • Article
  • Open Access
61 Citations
13,469 Views
13 Pages

Sustainable and responsible investing (SRI) is a strategy that seeks to combine both financial return and social good. The need to create and preserve SRI represents a key argument in investment decision-making, which leads other firms and investors...

  • Article
  • Open Access
14 Citations
8,137 Views
13 Pages

Audit of Museum Marketing Communication in the Modern Management Context

  • Václav Kupec,
  • Michal Lukáč,
  • Peter Štarchoň and
  • Gabriela Pajtinková Bartáková

Marketing communication is a concise part of modern museum management. Museums operate in a competitive environment; therefore, it is important to pay sustained attention to every component of a given museum’s marketing communication. Changes,...

  • Article
  • Open Access
16 Citations
5,958 Views
13 Pages

We examined the determinants of the U.S. consumer sentiment by applying linear and nonlinear models. The data are monthly from 2009 to 2019, covering a large set of financial and nonfinancial variables related to the stock market, personal income, co...

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Int. J. Financial Stud. - ISSN 2227-7072