1,720,966 research outputs found
Public Expenditure on Education and Economic Growth: The Case of Bangladesh
No full textVolume 01. Issue 04, September 201
The effects of interest rates volatility on stock returns: evidence from Bangladesh
No full textVol. 3, Issue No.3, pp.269-279, Summer 201
Impact of corporate governance diversity on carbon emission under environmental policy via the mandatory nonfinancial reporting regulation
Get PDFThis study builds on the expanding literature on the interplay of corporate governance and corporate environment behaviour following the introduction of the carbon reporting directives of the UK Companies Act in 2013. We specifically focus on seeking clarity on the relationship between gender diversity, board independence, and board size with corporate environmental performance. The study examines these relationships under a mandatory nonfinancial reporting (NFR) requirement and tests the impact of regulatory shocks on board composition and channels affecting carbon emission. The findings confirm that board gender diversity and independence improve a firm's environmental performance. And while larger board sizes lead to larger environmental investments, the study finds that larger board sizes leads to poor environmental performance for the firm. The findings contribute to developments in countries, such as the United States, where there is an ongoing debate on the adoption of a mandatory NFR of carbon and the response of corporate boards
Determinants of Dividend Payout Ratio: Evidence from Dhaka Stock Exchange
No full textAbstract The study examine
The Dynamics of Stock Market Responses Following the Cyber-Attacks News: Evidence from Event Study
Get PDFWith the growing digital integration of business operations, cybersecurity risks have also increased significantly, posing a potential threat to stock prices through increased volatility. Our study investigates the impact of cyber-attacks on the stock prices of US listed firms, using a dataset of 776 incidents between 2012 and 2022. We argue that although cyber-attacks typically trigger negative stock market responses, the extent and nature of this reaction depend on several key factors, including the source and credibility of the news, the incident’s severity and distinctiveness, data privacy concerns, and the industry’s overall exposure to cyber risks. Our event study shows that firms lose $309.33 million in market value on the day a cyber-attack is reported. We observe that the negative response intensifies when cyber-attack news emerges in influential sources, indicating a wider media coverage and source credibility effect. We find that the negative reaction is more pronounced when the cyber-attack has a high consequential effect (severity). Moreover, firms that confront cyber-attacks for the first-time face overreaction from investors and greater losses than those with consecutive cyber-attacks. Sub-period analysis focusing on the 2015 Office of Personnel Management (OPM) data breach and the COVID-19 era shows more pronounced stock price impacts during the post-OPM and pre-COVID periods. Cross-sectional findings also reveal that firms with higher societal expectations for data privacy and those operating in sectors more vulnerable to cyber threats experience more negative reactions. Hence, our study provides insights for policymakers, regulators, and corporate leaders on cyber breach disclosure, transparency, timeliness and cybersecurity governance to strengthen market stability, corporate resilience, and investor confidence
Working Capital Financing Policy and Profitability: Empirical Study on Bangladeshi Listed Firms
No full text
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
- …
