Using data from the World Bank Enterprise Surveys from 2006 to 2023, this paper studies the corporate ethical standards of technological digital oriented firms. The findings indicate that technology and digitalization positively impact the adoption of environmental and social standards. However,...

Does the adoption of the Enterprise Risk Management (ERM) improve bank profitability? Does ERM also reduce bank risk? By analyzing a sample of banks located in European emerging markets between 2005 and 2013, the aim of this chapter is to empirically investigate the determinants of firm...

While previous papers mostly used the U.S. and U.K. data, we applied an international dataset to examine the flow–performance relationship of international equity and bond mutual funds. By incorporating a novel measure of asset managers’ market timing ability, drawn from the logic of...

Central bank informal communication became more frequent and acquired more mass media attention after the global financial crisis. Do investors remember past central bank communications when a new communication is released? Focusing on the United States, we show that abnormal stock returns...

This paper examines the type of corporate culture that leads to misconduct activities. Takingthe management's tone in the 10-K report as the culture, we found that a higher internalcompete culture (or tournament culture) increases the rate of misconduct activities such asrestatements, earnings...

When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers' quality or by banks in countries with credit booms before the...