Event studies are widely used in finance research to investigate the implications of
announcements of corporate initiatives, regulatory changes, or macroeconomic shocks on …

This paper explores how implicit government guarantees affect the yield spreads of Chinese
corporate bonds. We argue that quasi-municipal corporate bonds (“Chengtou” bonds) …

The procedures used in corporate bond event studies to date fail to control for
heteroskedasticity due to differences in return volatility by term-to-maturity, rating, and other …

Purpose The purpose of this study is to evaluate the global developments in the area of
fintech solutions by analyzing Islamic and Conventional banks core accounting and market …

We demonstrate that legislation has a simple, yet previously undetected, impact on stock
prices. Exploiting the voting record of legislators whose constituents are the affected …

The ramifications of the Global Financial Crisis, which erupted in 2007, continue to surprise
not only the general public but also finance professionals, economists, and journalists …

The sovereign debt crisis in the euro area highlighted the close connections between the
financial health of banks and sovereigns and was associated with higher funding costs and …

We analyze the impact of the Dodd–Frank Act on the shareholder wealth gains using a
sample of 640 completed US M&As announced between 1990 and 2014. Our results …

This study investigates the impact of audit committee oversight on the financial reporting
quality of US bank holding companies. To overcome identification concerns, we use Section …

Bail-in regulation is a centrepiece of the post-crisis overhaul of bank resolution. It requires
major banks to maintain a sufficient amount of" bail-in debt" that can absorb losses during …