Studies in Economics and Finance: Volume 39 Issue 2

What might happen to the global stock market after Brexit?

Zhiyuan Ren

The stock market is vulnerable to various exogenous factors, and its fluctuations can reflect the effects of political, economic and market factors. The purpose of this paper is…

Investor activism strategies of private equity firms: evidence from continental Europe

Irina Berezinets, Yulia Ilina

This paper aims to deal with the issue of shareholder activism of private equity investors in public companies. The study identifies characteristics of target firms and investors…

What do foreign flows tell us about stock market movements in the presence of permanent and transitory shocks?

Hardik Marfatia

There is no research on understanding the difference in the nature of volatility and what it entails for the underlying relationship between foreign institutional investors (FII…

Are ESG stocks safe-haven during COVID-19?

Ghulame Rubbaniy, Ali Awais Khalid, Muhammad Faisal Rizwan, Shoaib Ali

The purpose of this study is to investigate safe-haven properties of environmental, social and governance (ESG) stocks in global and emerging ESG stock markets during the times of…

Legal protection systems, corporate governance and firm performance: a cross-country comparison

Yosra Ghabri

This paper builds on the “Law and Finance” theory and aims to examine the effect of the legal and institutional environment on the governance–performance relationship in the…

Financial development and the redistributive channel of monetary policy

Johnson Worlanyo Ahiadorme

This paper aims to examine the distributional channel of monetary policy (MP) and evaluate how financial development (FD) affects the transmission mechanism from MP to income…

The time-varying correlation between cryptocurrency policy uncertainty and cryptocurrency returns

Yunus Karaömer

This study aims to analyze the time-varying correlation between the cryptocurrency policy uncertainty (UCRY Policy) and cryptocurrency returns. More specifically, it analyzes…

Geopolitical uncertainty and sovereign bond yields of BRICS economies

Sowmya Subramaniam

The politically unstable economies have high and volatile sovereign spread. The purpose of this paper is to investigate the impact of geopolitical uncertainty on sovereign bond…

Does financial literacy “grease the wheels” of the loans market? A note

Fátima Sol Murta, Paulo Miguel Gama

What is the impact of financial literacy on the lending activity of banks? Based on the results of the S&P Global FinLit Survey for an extensive sample of countries, this paper…