Purpose - This paper examines whether earnings and its components are relevant and sufficient to bridge the gap between banks' market and book values, and also considers if bank efficiency is “value relevant” for banks valuation. Design/methodology/approach -This paper follows the value...

This article examines empirically the effect of ownership structure on the corporate financing decision from the agency theory perspective. This article contributes to the literature by examining the static and the dynamic effects of managerial insiders and large shareholders' ownership on the...

This study examines the banking power in a number of highly concentrated banking industries. In particular, this paper tests the competitive conditions in the banking industries of six Middle Eastern and North African (MENA) countries for the period from 1998 to 2007. Using the new industrial...

Purpose – The purpose of this paper is to examine how the announcement of the mega sport event of the 2022 FIFA World Cup affected the stock market return and volatility for the hosting country (Qatar) and other economically related countries (United Arab of Emirates, Bahrain, Kuwait, Saudi...

[fre] Cet article traite de la volonté affichée au cours de ces dix dernières années par les principales institutions bancaires de la planète de développer des activités de banques d’affaires à l’échelle mondiale. Cette industrie a de fait connu des phénomènes de concentration et...

This note tests the rational expectations-permanent income hypothesis for the six ASEAN countries using the methodology developed by Hall and Flavin. The statistical evidence rejects the hypothesis for each country except Singapore.

This paper investigates household access to consumer credit in the UK using information on 58,642 households between 2001 and 2009. Employing a treatment effects model and propensity score matching, we find that non-white households are less likely to have financing compared to white households....