The cross-correlation function between terms of trade and trade balance has been found to resemble a pattern that is labelled the S-curve. Support for this pattern has been provided for developed and less developed countries by previous research. This paper investigates the S-curve for 10...

Several different approaches have been followed by researchers to test the validity of Purchasing Power Parity (PPP). Since the introduction of the unit-root tests, researchers have applied a battery of these tests to determine whether the real exchange rates are stationary. If the answer is in...

Purpose: The authors reinforce the existing literature on the effect of overall globalization on institutional quality (IQ), while incorporating the effects of economic, political and social aspects of globalization, human capital, government expenditure and population growth. To this end, the...

Purpose: The purpose of this paper is to investigate whether higher disclosure levels at both Islamic and conventional banks are associated with higher stock price volatility in the member countries of the Gulf Cooperation Council (GCC). Design/methodology/approach: To do this, the authors...

Purpose: This paper tests the impact of the financial structure of banks on the bank lending channel of monetary policy transmission in Colombia. Design/methodology/approach: We use a monthly panel of 51 commercial banks for the period 1996:4–2014:8. Findings: An increase in the monetary...

Purpose: The extant literature provides substantial evidence that various facets of national culture play a significant role in corporate financial decision making. We systematically review the role of national culture on the various thematic domains of corporate financial decision making to...

Purpose: The purpose of this paper is to examine the importance of market imperfection, namely, variation in managerial ability (MA), on dividend policy in China. The authors focus on the Chinese market as it is dominated by state-owned enterprises and test whether the association between MA...