Studies in Economics and Finance: Volume 34 Issue 2

The “celebrities” in finance: a citation analysis of finance journals

Angelito Calma

The purpose of this paper is to examine the ten highly ranked journals in finance, and identify the most published authors, most cited articles, top publishing countries, top…

Does investor sentiment affect price-earnings ratios?

Boonlert Jitmaneeroj

A large number of empirical studies investigate the determinants of price-earnings (P/E) ratio by focusing on fundamental factors. However, there has been an increasing concern…

How does household debt affect financial asset holdings? Evidence from euro area countries

Merike Kukk

The paper aims to investigate the impact of financial liabilities on households’ holdings of financial assets. The debt-to-income ratio of the household sector increased from 75…

Joint liability in a classic microfinance contract: review of theory and empirics

Bhawani Singh Rathore

The purpose of this paper is to investigate the role of joint liability in improving the repayment performance of a microfinance program.

Water-depletion and single-state municipal bond fund risk

Marta Álvarez, Javier Rodriguez

The purpose of this paper is to investigate the relationship between single-state municipal bond fund risk and water scarcity in the USA.

Improved VaR forecasts using extreme value theory with the Realized GARCH model

Samit Paul, Prateek Sharma

This study aims to forecast daily value-at-risk (VaR) for international stock indices by using the conditional extreme value theory (EVT) with the Realized GARCH (RGARCH) model…

The role of toeholds on asymmetric information in mergers and acquisitions

Sebouh Aintablian, Wissam El Khoury, Zouhaier M’Chirgui

This paper aims to examine empirically the role of toeholds in reducing asymmetric information in mergers and acquisitions by establishing a relationship between the toehold and…

Financial development, oil dependence and economic growth: Evidence from the Republic of Yemen

Ramez Abubakr Badeeb, Hooi Hooi Lean

This paper aims to examine the validity of the question of whether oil dependence has a negative impact on the relationship between financial development and economic growth in…