Convergence and risk-return linkages across financial service firms

Elyasiani, Elyas; Mansur, Iqbal; Pagano, Michael S.

doi:10.1016/j.jbankfin.2006.10.006

Cited by 63 publications

(58 citation statements)

References 76 publications

(66 reference statements)

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“…Kroner and Ng (1998), Cappiello et al (2006) indicate that conditional correlation among financial asset returns is not constant over time. Unlike the constant correlation assumption used in Elyasiani et al (2007), there is no restriction on the conditional correlations among equity returns employed in our BEKK approach. Therefore, the chosen model is more flexible and provides superior estimation accuracy 10 .…”

Section: Methodsmentioning

confidence: 99%

“…This is true when they are issuing long-term products. Elyasiani et al (2007) provide the first empirical study into the currency exposure of U.S.…”

Section: Currency Exposure Of Financial Institutionsmentioning

confidence: 99%

“…Since then, the impact of currency fluctuations has received greater attention (Shapiro 1975;Flood and Lessard, 1986;He and Ng 1998;Bredin and Hyde, 2011). The currency effect on financial institutions' performance has been examined by scholars focusing on U.S. banking Choi et al, 1992;Brick 1994, 1998), Japanese banking (Chamberlain et al, 1997) as well as the insurance industry (Mange 2000;Elyasiani et al, 2007). Typically the extant literature focuses on large institutions, given that these are more likely to be international in focus and therefore potentially more exposed to currency risks.…”

Section: Introductionmentioning

confidence: 99%

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Exchange rate risk and the equity performance of financial intermediaries

Gounopoulos

Molyneux

Staikouras

et al. 2013

International Review of Financial Analysis

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Section: Methodsmentioning

confidence: 99%

“…This is true when they are issuing long-term products. Elyasiani et al (2007) provide the first empirical study into the currency exposure of U.S.…”

Section: Currency Exposure Of Financial Institutionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Exchange rate risk and the equity performance of financial intermediaries

Gounopoulos

Molyneux

Staikouras

et al. 2013

International Review of Financial Analysis

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“…Whereas, this convergence hypothesis has been widely tested in the economic growth dimension, recent applications to financial markets is gaining ground and becoming increasingly popular (Brada et al, 2005;Orlowski, 2005;Kim et al, 2005Kim et al, , 2006Elyasiani et al, 2007;Eun & Lee, 2010;Su et al, 2010;Narayan et al, 2011).…”

Section: Introductionmentioning

confidence: 99%

African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment

Asongu

2012

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. convergence for the most part is between 12% and 28% per annum. As a policy implication, countries should work towards adopting common institutional and structural characteristics that favor stock market development. Terms of use: Documents in

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“…Carlstrom and Samolyk (1995) also proved that asymmetric information exists due to the localized advantages of local banks. Similar studies tended to discuss the direct relationship between local bank lending and regional economic performance (Jeong et al 2006;Elyasiani et al, 2007). In fact, many studies suggested that regional analysis is possessed of several advantages over cross-country analysis.…”

Section: Banking Credit Monetary Policy and Economic Growthmentioning

confidence: 99%

Financial Education on Bank Lending and Economic Volatility in Taiwan

Cortes

Chiang

2017

EURASIA J MATH SCI T

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Education regarding money and banking always tells us that banking is a critical point for macroeconomics. However, there is not enough evidence to further prove the relationship between banking and volatility. In our view, an integration of small and medium-sized enterprises (SMEs) with serious financing constraints, small open economy and bankbased financial system can provide the best opportunity to explore bank-volatility nexus. Fortunately, Taiwan is the most notable case to offer the key to an understanding of banking and volatility for our students of finance. There is sufficient evidence based on panel data analysis with spatial dependency to support the significance of regional bank lending (credit supply) rather than the stock market (credit demand) in explaining volatility. It is clear that the role of bank system in volatility in Taiwan deserves explicit emphasis.

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Convergence and risk-return linkages across financial service firms

Cited by 63 publications

References 76 publications

Exchange rate risk and the equity performance of financial intermediaries

Exchange rate risk and the equity performance of financial intermediaries

African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment

Financial Education on Bank Lending and Economic Volatility in Taiwan

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