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Article
Did the rating standard for banks change after the crisis?
Did rating agencies tighten their rating standard after the overwhelming critique on their generous ratings before 2008? This study aims to examine whether 2008 is the cutoff year to investigate whether the ba...
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Article
Banking Crises and Market Timing: Evidence from M&As in the Banking Sector
We investigate whether the gains are greater for banks that conduct mergers and acquisitions (M&As) during banking crises than during non-crisis periods. We contribute to the literature by examining 1984 M&As ...
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Article
Application of multi-level matching between financial performance and corporate social responsibility in the banking industry
This study applies a new matching method to examine the old yet debatable idea that high corporate social responsibility (CSR) is associated with improved bank financial performance (FP). The conventional matc...
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Article
Political connections, financial constraints, and corporate investment
This study investigates whether firms politically connected to the ruling party can mitigate financial constraints and increase their investments. Data on Taiwan-listed companies from 1991 to 2010 are used to ...
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Article
The Sovereign Effect on Bank Credit Ratings
We investigate the effect of sovereign credit ratings on bank credit ratings, known as the sovereign effect. Our study differs from the literature in three respects. First, we examine whether bank ratings belo...
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Article
The Government’s Role in Government-owned Banks
In this study, we reinvestigate the question of whether government banks are inferior to private banks. We use cross country data from 1993 to 2007 to trace the different types of government banks. These types...
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Article
The Benefits of Political Connection: Evidence from Individual Bank-Loan Contracts
This paper investigates whether political connections improve the access of firms to financing. We propose three hypotheses to prove that political benefits exist. First, do politically connected firms obtain ...
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Article
Roles played by financial development in economic growth: application of the flexible regression model
This study presents the nonlinear relationship that exists between financial development and economic growth. This study applies the flexible nonlinear regression model of Hamilton (Econometrica 69(3):537–573,...
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Article
Measuring technical and allocative efficiencies for banks in the transition countries using the Fourier flexible cost function
The transition economies are known to have quite different market structures from the market economies. State-owned banks accounts for a major part of the financial sector in East European countries before the...
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Chapter
The Prediction of Default with Outliers: Robust Logistic Regression
This paper suggests a Robust Logit method, which extends the conventional logit model by taking outliers into account, to implement forecast of defaulted firms. We employ five validation tests to assess the in...
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Article
Ambition Versus Conscience, Does Corporate Social Responsibility Pay off? The Application of Matching Methods
In this article, we examine the effect of corporate social responsibility (CSR) on firms’ financial performance (CSR-effect). Two competing hypotheses, social impact hypothesis and shift of focus hypothesis, are ...
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Chapter
Determinants of Location Choice of Foreign Banks Within China: Evidence from Cities
This chapter investigates location choice of foreign banks within China based on a panel data of 40 cities. Our empirical results show that the market opportunity is the most crucial factor to affect foreign b...
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Article
Corporate Social Responsibility, Investor Protection, and Earnings Management: Some International Evidence
To many, recent allegations of accounting fraud (or earnings management; EM) at Enron, coupled with similar ones at many other corporations, are a strong indication of a serious decay in business ethics. In ac...
