Search Results - subject_exact:"Capital market"

Impact of selected macroeconomic factors on financial markets : a case study of the USA

Tymoshchuk, Taras; Spirzewski, Krzysztof - 2026

The financial environment is under great pressure as a result of dynamically changing macroeconomic factors. In this situation, full of uncertainty, understanding the relationship between macroeconomic factors and financial markets becomes a key issue. Market analysts and investors are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620964

Capital market development and economic growth in Romania : a supply-leading ARDL analysis

Drob, Catalin; Plescau, Ioana; Zichil, Valentin - 2026

This study investigates the long-run and short-run relationships between capital market development, foreign direct investment, trade openness, and real GDP per capita in Romania over 2003-2024, employing the Autoregressive Distributed Lag (ARDL) bound testing approach, complemented by...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061738

Kapitalmärkte als Wachstums- und Innovationshebel

Meyer, Tim - 2026

Die Mobilisierung privaten Kapitals ist ein zentraler Hebel für private Investitionen und eröffnet neue Wachstumspotenziale. Kapitalmarktfinanzierung stärkt die wirtschaftliche Resilienz, begrenzt Risiken eines übergroßen Bankensektors und sichert Unternehmen den Zugang zu Liquidität....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015652038

More than merchant bankers : second-class financial intermediation in eighteenth-century Amsterdam

Feenstra, Alberto - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015137998

Effective financial communication : key concepts, empirical insights, and implications for practice

Hoffmann, Christian; Strauß, Nadine - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015075525

Capital structure and changes in companies' risk during the COVID-19 pandemic in CEE countries

Gajdka, Jerzy; Pietraszewski, Piotr - 2025

The article examines the financial management of companies in the context of the COVID-19 pandemic, in particular, the relationship between their capital structure and risk changes during the pandemic. The study aims to determine how companies' total, systematic and idiosyncratic risks changed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015437836

Takeover bid rules and M&A premiums : who pays the price for investor protection?

Meier, Jan-Hendrik; Paientko, Tetiana; Müller, Louis; … - 2025

The mandatory bid rule (MBR) requires an acquirer in an M&A transaction to make a fair offer to the remaining shareholders when exceeding specific thresholds. This severe encroachment on contractual freedom, which is supposed to protect minority shareholders, should show an impact on the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625984

How does social media affect the usefulness of accounting information?

Zhao, Xiaoyang; Lyu, Xiaoliang; Li, Zengquan - 2025

Accounting information has long been regarded as a crucial source of information in the capital market. However, the advent of big data and advancements in information technology raise questions about the implications of these developments on the usefulness of accounting information. This paper...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015634008

Hidden consequences of consumer protection on the financial market : regulation-introduced bias

Šindelář, Jiří; Budinský, Petr - 2024

This paper deals with the problem of how the risk perception among retail customers is affected by the consumer protection regulation on the financial market. Through a questionnaire survey, we have measured the effect of selected consumer protection measures on banking or investment decisions...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015054101

Exploring the nexus of capital market and investor behaviour : a systematic literature review

Gokhale, Gautam Milind; Mittal, Ankur - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014583828

Probability distributions for modeling stock market returns : an empirical inquiry

Pokharel, Jayanta K.; Aryal, Gokarna; Khanal, Netra; … - 2024

Investing in stocks and shares is a common strategy to pursue potential gains while considering future financial needs, such as retirement and children's education. Effectively managing investment risk requires thoroughly analyzing stock market returns and making informed predictions....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014636305

Capital market response to high quality annual reporting : evidence from UK annual report awards

Chircop, Justin; Gagnon, Jacqueline; Young, Steven - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014576849

Incremental value relevancies in the development of reporting of sustainability performance

Donkor, Augustine; Trireksani, Terri; Djajadikerta, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015152823

The effect of institutional quality and capital market on unemployment in selected sub-Sahara African economies

Eke, Patrick Omoruyi; Busari, Olamilekan Shamsideen - 2024

This study tests institutional quality and the growth-finance' four-contexts hypotheses by investigating the nexus between institutional quality and capital market relative to labour market growth in seven selected sub-Sahara Africa's capital market economies comprising Nigeria, South-Africa,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015189724

Data sources on the 19th and early 20th century German capital market : challenges and opportunities

Lehmann-Hasemeyer, Sibylle H.; Opitz, Alexander - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015419191

The NewConnect market as a source of raising funds for the SMEs

Zabielska, Izabela; Ejsmont, Aneta - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015405341

Impact of selected macroeconomic factors on financial markets: A case study of the USA

Tymoshchuk, Taras; Spirzewski, Krzysztof - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625713

Quantifying greenhouse gas emissions through financial market's development in Tunisia : empirical evidence from novel dynamic ARDL techniques

Karaca, Ali; Bin Salman, Abdulrahman Khalid; Oueslati, Tarek - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616951

Green finance and renewable energy in emerging markets : exploring the roles of financial development

Epor, Simon Okaja; Akande, Joseph Olorunfemi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617032

Scaling CESEE innovation : ecosystem dynamics and strategic relocation opportunities

Bykova, Alexandra; Guadagno, Francesca; Gutzianas, Ioannis - 2026

Europe's innovation bottleneck increasingly manifests in the difficulty of scaling promising startups into globally competitive firms. Central, East and Southeast Europe (CESEE) is particularly exposed to this due to limited finance and local acquirers, which lead to serious risks of relocation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617494

Repo market networks : dynamics under financial stress

Schöller, Vanessa - 2026

The smooth functioning of the repo market is essential to financial stability. However, the market has faced repeated episodes of stress in recent years. This paper examines the resilience of the euro-denominated repo market during recent episodes of elevated financial stress, drawing on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618106

Does Islamic banking promote environmental sustainability? : evidence from QISMUT countries

Smolo, Edib - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618421

The equity market implications of the retail investment boom

Beck, Philippe van der; Cohen, Cameron; Jaunin, Coralie - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618239

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The equity market implications of the retail investment boom

Beck, Philippe van der; Jaunin, Coralie - 2021

Book / Working Paper

Green bond market performance : does investor sentiment contagion matter?

Le Thuy Duong Ha; Hoque, Ariful; Le, Thi - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618423

Public savings banks as transformative agents for an eco-social future? : towards a sustainable savings and investment union

Klüh, Ulrich; Naji, Ilia; Ötsch, Silke - 2026 - This version: June 9, 2026

The paper explores whether and how public savings banks can be transformed into meaningful agents of change for a more sustainable financial system. It outlines concrete elements of an ambitious transition program. We take as context the efforts to further integrate European financial markets...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654674

Welcome to the age of longevity capitalism

Dal Maso, Giulia - 2026

This essay coins and develops the concept of Longevity Capitalism, a biopolitical and financial regime in which both the condition of living longer and the pursuit of longevity are transformed into frontiers of accumulation. As financialisation extends into the domain of ageing, longevity - once...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655150

Money manager capitalism and the growth and spread of Ponzi finance, private market version

Tymoigne, Éric - 2026

Private debt and equity markets have been a funding source for nascent and credit constrained businesses for several decades. Following the 2008 financial crisis, an economic environment characterized by low interest rates, cautious banks, and tighter financial regulations - together with money...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654677

Green finance for environmental sustainability in Nepal

Bista, Smeeth; Bishwakarma, Sagar - 2026

This study examines the relationship between green finance and environmental sustainability in Nepal from 1990 to 2023. Constructing the index for financial development by using Principal Component Analysis (PCA), the relationship is explored using Auto-Regressive Distributed Lag (ARDL) followed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609386

Evaluation and prediction of stock market crash risk in Mexico using log-periodic power-law modeling

Sunil, Suryansh; Goyal, Amit Kumar; Mahadeva, Rajesh; … - 2026

This study applies the Log-Periodic Power-Law (LPPL) framework to three major equity markets-Mexico (IPC), Brazil (IBOVESPA), and the United States (NYSE Composite)-using daily closes from 8 November 1991-30 January 2025 for IPC and NYSE, and 3 May 1993-30 January 2025 for IBOVESPA. Multi-window...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611246

Tracing the history of asset price bubble theory : a literature review

Dubach, Sally - 2026

The literature on rational asset price bubbles has grown substantially, yet its internal logic is difficult to trace without reading across a large and technically demanding body of work. This paper provides a guide to the literature on rational asset price bubble theory, tracing its evolution...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654770

Beyond banks: trust among the financially underserved

Boel, Paola; Puzzello, Daniela; Zimmerman, Peter - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015619026

Deep hybrid CNN-LSTM-GRU model for a financial risk early warning system

Muhammad Ali Chohan; Li, Teng; Abrar, Mohammad; … - 2026

Financial risk early warning systems are essential for proactive risk management in volatile markets, particularly for emerging economies such as China. This study develops a hybrid deep learning model integrating Convolutional Neural Networks (CNNs), Long Short-Term Memory (LSTM), and Gated...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611314

Taxing speculative trades as a prudential policy

Park, Junghum - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015562419

An empirical analysis of the effect of financial sector development on economic growth in emerging economies

Al-Rahamneh, Abdelmajeed A.; Al-Assaf, Ghazi I.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612493

Systemic risk transmission in commodity markets

Georgescu, Irina - 2026

This paper investigates tail-risk transmission and asymmetric dependence in commodity markets using an asymmetric fuzzy vine copula framework applied to gold, crude oil, natural gas, and silver from 1 January 2015 to 1 January 2025, extracted from Yahoo Finance. Bootstrap-based trapezoidal fuzzy...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614141

Financial development, credit rationing and informal credit markets : implications for pattern of trade

Ahuja, Rashmi; Marjit, Sugata - 2026

Firms differ in the extent to which they get access to formal and informal credit sources in developing economies. In developing economies, banks ration credit due to higher perceived borrower risk, information asymmetry, lack of collateral, and market inefficiencies. Due to financial...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609827

Demand-based asset pricing in general equilibrium

Abadi, Joseph - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609903

Entropic geometry and information dynamics in green cryptocurrency markets

Chortane, Sana Gaied; Naoui, Kamel - 2026

Cryptocurrencies play a central role in modern financial markets; however, geopolitical tensions and environmental concerns raise critical questions about their stability and informational efficiency. This study distinguishes between green cryptocurrencies (GCs), based on low-energy validation...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614299

Sukuk, financial crises and growth : empirical evidence from Islamic capital markets

Naz, Syeda Arooj; Gulzar, Saqib; Hassan, M. Kabir - 2026

This paper analyses the role of Sukuk issuance in driving economic growth amid the Global Financial Crisis (2007-2009), considering both short-term fluctuations and long-term outcomes during periods of financial distress.Using the Pooled Mean Group (PMG) approach of the ARDL model, the study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015616427

Regulatory responses to the financial stability implications of stablecoins

Bindseil, Ulrich - 2026 - Final version: 11 February 2026

In essence, the currently large stablecoins are electronic money issued by narrow balance sheet vehicles into a distributed ledger (or a "programmable platform"). Many believe that they will have significant success as a new form of money. Members of the current US administration expect that US...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610715

Stablecoins and monetary policy transmission

Altavilla, Carlo; Boucinha, Miguel; Burlon, Lorenzo; … - 2026

This paper studies the effects of stablecoin adoption-crypto-assets designed to maintain a stable value relative to a reference asset-on bank intermediation and the transmission of monetary policy. Using evidence from the rapid expansion of stablecoins combined with confidential granular data on...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610815

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Stablecoins and monetary policy transmission

Altavilla, Carlo; Boucinha, Miguel; Burlon, Lorenzo; … - 2026

Book / Working Paper

Forecasting stock market behavior in BRICS economies using artificial neural machine learning models

Panigrahi, Shrikant; Kukreja, Gagan; Kumaraswamy, Sumathi - 2026

Purpose - This study aims to forecast the stock market behavior of BRICS nations (Brazil, Russia, India, China and South Africa) using advanced machine learning models. The focus is on identifying market trends, predicting future index prices and analyzing returns. Design/methodology/approach -...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015592502

I am so tired! I don't know what to do! survey fatigue and financial literacy : results from a randomized experiment

Chernesky, Anna; Huynh, Kim P.; Voia, Marcel-Christian - 2026 - Last updated: March 4, 2026

Cross-country evidence finds that there are low levels of financial literacy. Financial literacy is often measured using the "Big Three" questions about interest rates, inflation, and risk. These questions are usually part of a longer survey. Respondents in long surveys may suffer survey fatigue...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610866

Comparative analysis of tail risk in emerging and developed equity markets : an extreme value theory perspective

Dlamini, Sthembiso; Shongwe, Sandile Charles - 2026

This research explores the application of extreme value theory in modelling and quantifying tail risks across different economic equity markets, with focus on the Nairobi Securities Exchange (NSE20), the South African Equity Market (FTSE/JSE Top40) and the US Equity Index (S&P500). The study...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591162

Will central clearing change the market structure of U.S. Treasury repo to become more standardized and trade on an all-to-all basis?

Patel, Ketan - 2026

This paper examines whether the SEC's mandate for central clearing of U.S. Treasury repo transactions could enable all-to-all trading and support the development of a standardized term repo market. By mitigating counterparty risk through central clearing, cash lenders may become more willing to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611478

Workforce shocks and financial markets : asset pricing perspectives

Akhtar, Samreen; Agarwal, Jyoti; Ahmad, Alam; Wiquar, Refia - 2026

Workforce adjustments, such as mass layoffs, are significant corporate events that can influence stock returns and volatility, yet their broader asset-pricing implications remain underexplored. We examine the impact of such workforce shocks on stock performance from an asset-pricing perspective....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591184

Role of artificial intelligence in finance : selective literature review and implications for Asia's financial stability

Zhang, Yang; Qiu, Ziang; Park, Donghyun; Tian, Shu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611634

Lender of Last Resort and financial systemic risks in times of economic stability : evidence from 55 countries

Miao, Wenlong; Ma, Yuxian; Huo, Yuanyuan - 2026

As a cornerstone of the modern financial safety net, the Lender of Last Resort (LOLR) is essential in mitigating liquidity crises and containing financial contagion. However, during periods of economic stability, risk-taking incentives in the banking sector may undermine its effectiveness. Using...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591371

The Financial Lobster Bias

Reyes Marín, Óscar De los; Paz Gil, Iria; … - 2026

The Financial Lobster Bias describes how SMEs, driven by distorted liquidity perceptions, engage in aggressive expansion until financial breakdown occurs. Using data from 10,412 Spanish SMEs (2000-2024), this study shows that liquidity misperception-measured through two versions of the Liquidity...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015591400

Project FuSSE (Fully Scalable Settlement Engine) exploring the scalable, flexible and secure design of modern settlement engines

2026

Financial market infrastructures (FMIs) must remain secure, resilient and adaptable over long horizons, even as payment volumes grow and technologies, standards and threat environments evolve. The continued expansion of digital payments, alongside emerging models such as Internet of Things...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015612456