Journal of Risk Finance: Volume 24 Issue 5

Income smoothing management and loan loss provisions in the banking system

Alba Gómez-Ortega, Ana Licerán-Gutiérrez, Maria de la Paz Horno-Bueno

The “public interest” of financial institutions was used as an argument to intervene in accounting practices. The Bank of Spain's standard was not compatible with International…

Spillover effects of CEO performance-induced removal on competitor CEOs' firms' financial policies

Saif-Ur-Rehman, Khaled Hussainey, Hashim Khan

The authors examine the spillover effects of CEO removal on the corporate financial policies of competing firms among S&P 1500 firms.

Environment, social and governance (ESG) performance and CDS spreads: the role of country sustainability

Lutfi Abdul Razak, Mansor H. Ibrahim, Adam Ng

Based on a sample of 1,872 firm-year observations for 573 global firms over the period 2013–2016, this study aims to provide empirical evidence on how environmental, social and…

Contagion in the Euro area sovereign CDS market: a spatial approach

Nadia Ben Abdallah, Halim Dabbou, Mohamed Imen Gallali

This paper explores whether the Euro-area sovereign credit default swap market is prone to contagion effects. It investigates whether the sharp increase in sovereign CDS spread of…

Effects of chairman ownership on financing decisions: empirical evidence from GCC

Hamada Elsaid Elmaasrawy, Omar Ikbal Tawfik, Khaled Hussainey

This study aims to examine the impacts of board chairman characteristics on the decision to finance with debts.

Examining the efficiency of stock markets using multifractal detrended fluctuation analysis. Empirical evidence from OIC (Organization of Islamic Cooperation) countries during the GFC and COVID-19 pandemic

Muhammad Rehan, Mustafa Gül

This study aimed to examine the efficient market hypothesis (EMH) for the stock markets of 12 member countries of the Organization of Islamic Cooperation (OIC), such as Egypt…

Geopolitical uncertainty and the cost of debt financing: the moderating role of information asymmetry

Salma Mokdadi, Zied Saadaoui

This paper aims to study the impact of geopolitical uncertainty on corporate cost of debt and the moderating role of information asymmetry between creditors and borrowing firms.