This paper aims to conduct a comparative analysis of the evolution of financial systems in emerging countries and / or development. This comparative analysis is performed through the use of various techniques namely the principal component analysis and hierarchical clustering on a sample of 52...

This paper highlights the relevant role of the quality of institutions in maintaining banking stability. Poor institutions constitute the key determinants in explaining the emergence of banking crises. An empirical study of 52 emerging and / or developing countries from 1996 to 2009 finds that...

In recent years, studying stock markets using multi-agent based models has grow into an important research area due to the fact that this line of attack replicates the nature of the financial market where varied traders with a mixture of expectations and diverse points of rationality network...

This paper aims to conduct a comparative analysis of the financial systems evolution in emerging and / or developing after significant financial changes. This comparative analysis was performed by the calcul of a composite financial development indicator on a sample of 52 emerging and / or...

This article attempts to shed light on the impact of oil prices, investor sentiment, and conventional index on 11 Islamic indices, particularly during the subprime financial crisis and the oil crisis. Empirical evidence suggests that the Malaysian and Indonesian Islamic indices are very much...

R&D treatment could be influenced by earnings management purposes due to the flexibility allowed in the R&D accounting standards. This paper attempts to determine whether discretionary R&D treatments are motivated by financial performance or can be constrained by board independence. The study is...

The aim of this paper is to investigate the impact of research and development investment (R&D) on managers’ behaviour. Specifically, considering that R&D is a specific investment, inherently exposed to a high level of uncertainty and high information asymmetry and that R&D accounting choices...

In this paper, we examine the relationship between liquidity, liquidity risk and credit risk in emerging sovereign bonds after the subprime crisis period. In our study, we concentrate in the effect of liquidity and credit risk in the problem of liquidity and in the emerging bond market. The...

This paper proposes a framework to gauge the degree of volatility transmission during the subprime crisis of 2008 between U.S stock market and developed stock markets (France, Germany, United Kingdom, Japan) by deriving tests for conditional independence among daily volatility measures and...