Nexus of Institutional Quality and Stock Market Development: Long-Run Relationships in Dynamic Heterogeneous Panel

Meo, Muhammad Saeed; Ali, Ramzan; Poswal, Bilal Aziz; Ali, Mubbshar

doi:10.31384/jisrmsse/(2018).16.2.2

Cited by 3 publications

(2 citation statements)

References 22 publications

(28 reference statements)

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“…However, the credit rating theory is beneficial to analyze the strength of the financial market (Gehrig & Stenbacka, 2007). The countries which significantly enhance the organizational performance as well as maintain good standards of accountability are positively correlated with significant confidence on equity financing by the investors in the country (Meo et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Role of Credit Information Sharing and the Funding Cost of Banks

Ali

Butt

et al. 2019

SJOM

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Purpose - The objective of the study is to investigate the relationship between the credit information sharing and the funding cost of banks of the top ten “AA rating” commercial banks of Pakistan as the Commercial banks also play a significant role in the economy of every country. Design/Methodology - In this study, panel data were analyzed from 2011 to 2017. We selected the top ten “AA rating” banks from Pakistan credit rating agency (PACRA) website, and data related to another related variables are obtained from financial statements of the respective banks. Generalized Method of Moments (GMM) statistical technique was employed to measure the relationship among related variables. Findings - The result of the study shows that there is a negative and significant relationship between credit information sharing, operation efficiency, and funding cost. On the other side, profitability has a positive and significant relationship with the funding cost of the bank. Practical Implications - To manage the funding cost policymakers must focus two key findings which are credit information sharing and operational efficiency of bank and set up a credit information sharing institutions which help to reduce information irregularity and ultimately manage the funding cost of the banks.

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Section: Literature Reviewmentioning

confidence: 99%

Role of Credit Information Sharing and the Funding Cost of Banks

Ali

Butt

et al. 2019

SJOM

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“…To determine the effect of shareholder distraction on merger performance, following Meo et al (2018), equation 6.4 was used:…”

Section: Effect Of Shareholders' Distraction On Merger Performancementioning

confidence: 99%

Institutional shareholders' monitoring and control over corporate decisions: evidence from JSE listed companies.

Obagbuwa

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Empirical Evidence of Co-Movement between the Canadian CDS, Stock Market And TSX 60 Volatility Index

Ali

Butt

Khan

et al. 2020

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Purpose- The prime objective of this study was to find the co-movement between the Canadian credit default swaps market, the Stock market and volatility index (TSX 60 Index) Design/ Methodology- To achieve this purpose, daily data containing 2870 observations starting from the 1st of January 2009 to the 30th of December 2019 were analyzed. This study employed the wavelet approach to present results in short-term, medium-term, long-term, and very long time. Findings- The findings of this study showed a negative correlation between the CDS market, stock market, and the TSX 60 index in the short-term as well as in the long-term term, while in medium-term and very long-term period correlation is strongly positive. The wavelet co-movement results in the short-term and long-term were negative, while this relationship in the medium-term and very long-term period was strongly positive. Practical Implications- This research provides simultaneous valuable information for investment decisions in the short, medium, and long term time horizons, as well as for the policymakers in the Canadian credit default swaps market, stock market, and the volatility index (TSX 60 Index).

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Nexus of Institutional Quality and Stock Market Development: Long-Run Relationships in Dynamic Heterogeneous Panel

Cited by 3 publications

References 22 publications

Role of Credit Information Sharing and the Funding Cost of Banks

Role of Credit Information Sharing and the Funding Cost of Banks

Institutional shareholders' monitoring and control over corporate decisions: evidence from JSE listed companies.

Empirical Evidence of Co-Movement between the Canadian CDS, Stock Market And TSX 60 Volatility Index

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