Given that the current economic hardship created by COVID-19 is still in progress, it is important to understand firms’ strategic responses to prior external shocks (e.g., the financial crisis in 2007 and 2008) and the relationship between thei...
While some researchers have suggested that the self-employment (SE) sector is a haven during a financial crisis, others believe that SE is not necessarily the desired outcome, but an indicator that the labor market is tightening for some groups. Few...
The 2008–2009 financial crisis, often referred to as the Great Recession, presented one of the greatest challenges to economies since the Great Depression of the 1930s. Before the financial crisis, and in response to the Kyoto Protocol, many co...
The present article proposes a methodology for modeling the evolution of stock market indexes for 2020 using geometric Brownian motion (GBM), but in which drift and diffusion are determined considering two states of economic conjunctures (states of t...
Using cross-sectional data from a nation-wide survey of American head-of-households conducted in the spring of 2010, we examined the ameliorating effects of economic literacy on the probability of specific household financial outcomes resulting from...
A bibliometric study was performed to explore the financial and economic implications of the COVID-19 pandemic. The SCOPUS database was sourced, and VOSviewer version 1.6.20 was used to generate visualizations. Articles published between 2020 and 202...
The purpose of this study was to evaluate the financial performances of the publicly held healthcare companies in crisis periods in Türkiye. The 2018 economic crisis and the COVID-19 pandemic crisis were included in the study as the crisis perio...
In this paper, we investigate investment flows into mutual funds that hold more high corporate social responsible stocks (top CSR funds) vs. mutual funds that hold more low corporate social responsible stocks (bottom CSR funds). Using a large sample...
A firm’s capability of raising funding is closely related to its sustainable development. With a more efficient allocation of funding among the whole society, social resources will be better utilized. Initial Public Offering (IPO) can indeed be...
Every financial crisis triggers some regulatory and supervisory changes related to the ensuing threats. These regulations usually address specific types of risks and reduce them but do not protect the entire system from another crisis. The aim of thi...
Real estate markets are frequently affected by growth and contraction cycles. Given the social and economic impacts of changes on real estate prices, the understanding of these cycles is crucial from a socio-economic perspective, but also, and more i...
The COVID-19 crisis was remarkable because no global recession model could predict or provide early notice of when the coronavirus pandemic would happen and damage the global economy. Resilience to financial shocks is crucial for households as future...
The electricity consumption and economic growth are highly correlated. The financial crisis in 2008 brought a negative effect on China’s economic growth, which also influenced the electricity consumption. The electricity demand of North China region...
In this paper, the effects of the recent global financial crisis on efficiency and profitability of financial institutions were analyzed. In a comparative study, the impacts of the global financial crisis on the performance of Islamic and commercial...
This paper explores the mathematical dynamics of consumer spending during a financial crisis using opponent process theory (OPT). Traditionally applied in psychology, OPT explains how initial emotional responses are followed by counteracting reaction...
We have been observing large fluctuations and price increases in electricity markets in recent years. The COVID-19 pandemic, rising energy costs, political instability and increasing demand for electricity have been the factors intensifying the probl...
We use mean-variance analysis with short selling constraints to diagnose the effects of the recent global financial crisis by evaluating the potential benefits of international diversification in the search for ‘safe havens’. We use stock index data...
The paper aims to understand if and which lessons have been learned since the financial crisis of 2007–2008, highlighting the main deficiencies which still affect the corporate governance and risk management systems more than a decade after. A survey...
‘Financial crisis’ is sometimes regarded as synonymous with ‘economic crisis’, but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the conte...
This study investigated the effects of financial literacy, financial self-control, and demographic determinants on individual financial performance and behavior during the Lebanese crisis period between 2019 and 2021. To the best of our knowledge, th...
This paper investigates the impact of recent financial crisis on six major stock markets during the three periods. To measure the impact of the crisis on different stock markets, we have applied a vector auto-regression (VAR) model and conducted Gran...
The spread of the global financial crisis of 2008/2009 was rapid, and impacted the functioning and the performance of financial markets. Due to the importance of this phenomenon, this study aims to explain the impact of the crisis on stock market beh...
This study aims to fulfil a gap in the literature, delivering a road map to understand the course and nature of the fair value accounting literature, further showing how the 2008–2009 financial crisis affected it. Bibliometric methods analyze 3...
In this study, we try to examine whether the forecast errors obtained by the ANN models affect the breakout of financial crises. Additionally, we try to investigate how much the asymmetric information and forecast errors are reflected on the output v...
Securitization of the agricultural commodity market has accelerated since the beginning of the 21st century, particularly in the times of financial market uncertainty and crisis. Sugar belongs to the group of important agricultural commodities. The g...
This study delves into the impacts of the 2008 global financial crisis (GFC) and the COVID-19 health crisis on U.S. financial indices, exploring the intricate relationship between economic shocks and these indices during downturns. Using Markov switc...
The mix of fixed and variable costs in response to environmental changes is important for the sustainability of a firm. This study examines how demand uncertainty affects managers’ cost structure decisions. Using data on Korean firms from 1982...
Crises appear to be occurring with increased frequency, whether provoked directly by human actions or through indirect causes such as resource scarcity or natural disasters. Crisis management strategies are frequently implemented with the aim of miti...
This paper investigates the impact of what the extant literature has come to view as some of the major causes of the 2007 US housing market crisis. In particular we investigate the hypothesized effect of, lax financial regulations, the “savings glut”...
Sustainable development is the need of the hour today. For over three decades, since the term was used in public little has been done about it. Such important activities for the protection of our ecosystem have been mainly discussed at scientific con...
In the current article, we seek to understand the ways in which unfavorable macro-level circumstances influence the employment outcomes of university graduates, in the long term. We use the 2007–2008 financial crisis as a historical setting and...
This study examines whether the dynamic relationship between the Chinese and international fossil markets changed during the 2008 financial crisis and is changing during the COVID-19 pandemic. The impact of the crises are analyzed by including the pe...
This study examines the impact of the Russian–Ukrainian war on global financial stability, focusing on currency crises, exchange-rate dynamics, and economic vulnerability during 2003–2024 with an outlook for subsequent years. The objectiv...
During financial crises, markets do not only fall or become more volatile. They may also become more dynamically coupled, with the behaviour of one market becoming more recoverable from another. The purpose of this study is to examine whether crisis...
In the contemporary world bustling with global trade, a natural disaster or financial crisis in one country (or region) can cause substantial economic losses and turbulence in the local financial markets, which may then affect the economic activities...
This article empirically examines the connection between the board of directors’ characteristics and excesses in remuneration for directors from a sustainability perspective, highlighting the role of information transparency on remuneration con...
Corporate financial distress typically emerges through a gradual accumulation process, rendering crisis prediction inherently dynamic and path-dependent. However, many existing studies continue to rely on static cross-sectional data or short-term obs...
This article re-examines key explanations of the Global Financial Crisis—product complexity, behavioural biases in decision making, systemic risk, and regulatory arbitrage and capture—and finds a common underlying cause, namely gaming by...
Nowadays, China is faced with increasing downward pressure on its economy, along with an expanding business risk on listed companies in China. Listed companies, as the solid foundation of the national economy, once they face a financial crisis, will...
This study examines the impact of Korean business groups, chaebols, on the sporting performance of their affiliated professional sports teams using game data from 1983 to 2013. We investigated whether or not chaebol ownership of professional sports t...
We propose a strictly causal early–warning framework for financial crises based on topological signal extraction from multivariate return streams. Sliding windows of daily log–returns are mapped to point clouds, from which Vietoris–...
20 August 2019
This study provides empirical evidence related to the “it pays to be green” hypothesis. Based on information from panel data approximately 42 industrial companies during an 8-year period, we determine some of the factors and contingences...
The importance of transnational migration projects for international development has been increasingly recognized over the past decades. Migrants who move from the Global South or East to work in low-wage sectors such as construction, agriculture or...
Financial crises severely constrain entrepreneurs’ access to traditional financing, increasing the need for alternative funding mechanisms. Venture capital (VC) represents one such financing alternative and may also provide strategic and manage...
Sales forecasting is a crucial aspect of any successful manufacturing organisation as it provides the foundation for investment, employment development, and innovation. The Global Financial Crisis (GFC) had a negative impact on the manufacturing sect...
A systematic short-term event review of the major events in the South-East Asia Financial crisis is presented in this article. This analysis adds to the existing literature by focusing on the equity market, rather than on the foreign exchange market...
This study aims to analyse and investigate the most important factors affecting the performance of listed firms in the Athens Stock Exchange, emphasising capital structure, size and sovereign debt rate as a proxy for firms’ borrowing rate. Yet,...
In the era of big data, investor sentiment will have an impact on personal decision making and asset pricing in the securities market. This paper uses the Easteconomy stock forum and Sina stock forum as the carrier of investor sentiment to measure th...
This study investigates the impact of remittances on income inequality in Lebanon using annual time-series data for the years 2000–2023. Applying Johansen’s cointegration test, with financial development (FD), GDP, and household consumpti...
The accuracy of contagion prediction has been one of the most widely investigated and challenging problems in economic research. Much effort has been devoted to investigating the key determinant of contagion and enhancing more powerful prediction mod...
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