Since 2016, the Centers for Medicare and Medicaid Services (CMS) has been displaying HCAHPS Star Ratings on Hospital Compare, which has driven hospitals to improve quality and reduce costs. These ratings measure Medicare beneficiaries’ experience with their health plans and the health care...

Using event study methodology, we investigate whether bilateral investment protection treaties afford protection to foreign investors. Examining arbitral decisions for firms from six countries shows that firms that received awards from arbitrators gained in market value by as much as 3%. Per...

On June 16 2009, in what authorities called ``a surprise development'' the Turkish Government removed a provision from its existing laws that had allowed Turkish residents to borrow in foreign currency from banks operating in Turkey. The development ended a long era of foreign currency lending...

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...

Purpose: Motivated by the news media and a lack of comprehensive research on the USA, the purpose of this paper is to examine the relationship between changes in road fatalities and gasoline prices, per capita disposable personal income, alcohol consumption per adult, blood alcohol...