72 hasil
Menampilkan 1–20 · 0,51 detik · RSS
Modern Finance
ISSN 2956-7742 · Modern Finance Institute · 72 artikel di indeks
-
Artikel Jurnal
Do political connections affect firm performance? Evidence from a family-firm-dominated country
This study explores whether the family firms outperform nonfamily firms in Bangladesh. Secondly, we test whether family firms with political connections outperform non-connected family firms, given that more than 60 percent of Members of Parliament (MPs) have business backgrounds in the same…
-
Artikel Jurnal
Non-linear relationship in financial inclusion research: Thematic review, evidence, mechanisms, and methods
Emerging studies document a nonlinear relationship between financial inclusion and economic outcomes, but offer little or no explanation for why such a relationship exists. This study reviews 26 research articles reporting nonlinear relationships between financial inclusion and economic outcomes…
-
Artikel Jurnal
Feedback trading in socially responsible ETFs: Does geopolitical risk matter?
Socially responsible ETFs have grown in popularity as investors seek socially conscious investments. This study examines feedback trading in U.S.-listed socially responsible ETFs from 2019 to 2023 using asymmetrical GARCH models. The results indicate that investors exhibit positive feedback…
-
Artikel Jurnal
When Bitcoin moves, who follows? State-dependent predictability across gold and green assets
This study examines whether Bitcoin contains economically meaningful predictive information for gold, green bonds, and renewable-energy assets and whether such relationships vary across market conditions. Using daily data from February 2018 to February 2023, we combine multi-horizon predictive…
-
Artikel Jurnal
Gender differences in financial knowledge calibration among German high school students
Financial education should not only increase knowledge but also help students assess what they know. This study examines gender differences in the calibration between objective financial knowledge and subjective self-assessment among 609 final-year German high school students. We estimate financial…
-
Artikel Jurnal
Machine learning stock selection: Evidence from the South African factor zoo
This study examines whether machine learning can predict Johannesburg Stock Exchange stock returns using South African factor zoo features. Six models are tested in an expanding-window, walk-forward design, with portfolio performance evaluated across alternative weighting schemes and…
-
Artikel Jurnal
Bridging nature and finance: Financial and macroeconomic determinants of biodiversity loss in emerging markets
This study examines the financial and macroeconomic factors affecting biodiversity loss in 51 emerging markets using the number of threatened species in biodiversity ecosystems for the years 2018 and 2022. We find that bank branch expansion and private sector credit expansion are associated with…
-
Artikel Jurnal
Inclusive financial development and banking sector stability in Africa: Is there a bi-causal relationship?
This study examines the bi-causal relationship between inclusive finance and banking sector stability in Africa. The study employs the two-step system GMM and the Dumitrescu and Hurlin (2012) Granger Non-Causality Test on annual data of 41 African countries over the period, 2004-2022. The results…
-
Artikel Jurnal
Resource endowment, environmental innovation, and foreign direct investment in Africa: The role of financial development
This paper investigates the moderating role of financial development on the relationship between natural resource endowment, environmental innovation, and FDI inflows across 54 African countries from 1990 to 2023. Using panel data, PCSE, and quantile regression methods, results indicate that…
-
Artikel Jurnal
Credit ratings and the pricing of risk in the Indian corporate bond market
This paper examines the pricing of credit risk in the Indian corporate bond market, where credit ratings are highly concentrated in the highest categories. Using a comprehensive dataset of bond issuances from 2010 to 2019, we document substantial variation in spreads within the AAA category. The…
-
Artikel Jurnal
Predicting volatility of cryptocurrencies: Deep learning and GARCH family models
This paper examines the application of econometric models, deep learning architectures, and hybrid combinations of both methods for volatility forecasting in cryptocurrency markets. Using daily data on 10 major cryptocurrencies from 2020–2025, this work benchmarks GARCH-family models, deep learning…
-
Artikel Jurnal
Measuring agentic AI adoption and control frameworks in finance
Agentic artificial intelligence (AI) systems can execute actions rather than merely generate content, raising distinct governance and operational risk questions for financial institutions. This study measures how agentic AI is entering U.S. finance firms’ annual filings by treating disclosures as…
-
Artikel Jurnal
The determinants of scale economies in the Ghanaian banking industry
The study analyses the presence and determinants of economies of scale in Ghana's Banking sector, using 366 unbalanced annual panel data observations from 29 banks in Ghana from 2007 to 2023. A stochastic cost function was used to estimate scale economies, while the determinants of scale economies…
-
Artikel Jurnal
Macroeconomic and behavioural drivers of sectoral liquidity on the JSE under changing market conditions
This study examines the dynamic relationship between investor sentiment, inflation, and interest rates on sector-level liquidity within the Johannesburg Stock Exchange (JSE) from 2007 to 2024, using a Markov Switching Model to capture regime shifts between bull and bear markets. A key contribution…
-
Artikel Jurnal
Dynamic energy hedging and safe havens in BRICS Plus stock markets
This paper examines whether crude oil and natural gas act as diversifiers, hedges, and safe havens for BRICS Plus stock markets during the COVID-19 pandemic, the Russia–Ukraine conflict, and the Silicon Valley Bank collapse. Results indicate that crude oil serves as an effective diversifier in…
-
Artikel Jurnal
ChatGPT, financial literacy, and individual investment decisions
This study investigates the use of ChatGPT across different investment tasks in the French stock market. Based on a PLE-SEM approach, the findings indicate that investors primarily use these tools for data analysis, risk management, and sentiment analysis, leveraging their ability to process…
-
Artikel Jurnal
Bridging personality and behavior in financial trading: A qualitative perspective
Our study investigates the relationship between personality traits (OCEAN Big Five model) and trading decision styles through a qualitative and interpretative perspective. Relying on semi-structured interviews with eight student participants following a stock market simulation, our research…
-
Artikel Jurnal Teks lengkap
Bank efficiency in the digital age: The role of financial technology in Tanzanian banks
The global rise of financial technology offers opportunities and challenges for banking businesses, including Tanzanian banks. This study examines the influence of a bank's FinTech index on the efficiency of 30 Tanzanian commercial banks categorized as large, medium, and small from 2010–2021. Using…
-
Artikel Jurnal
Could ChatGPT have earned abnormal returns? A retrospective test from the U.S. stock market
This paper attempts to assess the ability of OpenAI’s ChatGPT to provide high-quality recommendations for a casual investor looking to beat the market. Going back to 1985 and instructing the GPT-4 model to restrict its knowledge to only what could have been known at the time of stock selection, the…
-
Artikel Jurnal
The effect of underwriter reputation and market sentiment on IPO underpricing: Evidence from Indonesia
Underpricing is a phenomenon that occurs worldwide, and many factors could affect its variation, either from internal or external aspects. This paper examines whether market sentiment and underwriter reputation explain the cross-sectional variation of underpricing among 424 Indonesian initial…