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Persistent link: https://www.econbiz.de/10011568915
We investigate whether ESG ratings predict future ESG news and the associated market reactions. We find that the consensus rating predicts future news, but its predictive ability diminishes for firms with large disagreement between raters. Relation between news and market reaction is moderated...
Persistent link: https://www.econbiz.de/10012511894
intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance …
Persistent link: https://www.econbiz.de/10011410386
This paper assesses how legal origin influences financial development through regulation quality and the rule of law …. It employs all the dimensions identified by the Financial Development and Structure Database of the World Bank. The law … size. The results broadly support the benefits of law mechanisms in financial development. The findings only show partial …
Persistent link: https://www.econbiz.de/10011410393
investor protection laws in Britain c.1900 to test the influential law and finance hypothesis. Our evidence suggests that there …
Persistent link: https://www.econbiz.de/10012102541
Persistent link: https://www.econbiz.de/10014312297
Persistent link: https://www.econbiz.de/10011546461
Purpose - In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus … genuine effect exists between financial development and economic growth. A finance-growth nexus might not be appealing in our … consistent with the mainstream positive finance-growth nexus should provide new scholarly insights into the relationship …
Persistent link: https://www.econbiz.de/10011409927
Purpose - In a meta-study on the finance-growth nexus, we have bridged the gap between Schumpeterian authors and … sympathizers of a questionable finance-growth nexus. Design/methodology/approach - Over 20 fundamental characteristics that have … focused on the finance-growth nexus. …
Persistent link: https://www.econbiz.de/10011410019
With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...
Persistent link: https://www.econbiz.de/10011410296