Pub Date : 2024-01-12DOI: 10.1080/23322039.2023.2297604
Thuy Tien Huynh, Dang Thuy Truong
{"title":"Disparity in housing affordability: evidence from a developing city","authors":"Thuy Tien Huynh, Dang Thuy Truong","doi":"10.1080/23322039.2023.2297604","DOIUrl":"https://doi.org/10.1080/23322039.2023.2297604","url":null,"abstract":"","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"22 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139532434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-17DOI: 10.1080/23322039.2023.2285188
Mulugeta Bekele, Maria Sassi, K. Jemal, Beyan Ahmed
{"title":"The dynamic linkage between renewable energy consumption and environmental sustainability in Sub-Saharan African countries: Heterogeneous macro-panel data analysis","authors":"Mulugeta Bekele, Maria Sassi, K. Jemal, Beyan Ahmed","doi":"10.1080/23322039.2023.2285188","DOIUrl":"https://doi.org/10.1080/23322039.2023.2285188","url":null,"abstract":"","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"7 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138966518","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-07DOI: 10.1080/23322039.2023.2256127
Koffi Sodokin, Essowaba Egbeleo, Richard Kuessi, M. Couchoro, A. Agbodji
Abstract This study investigates the relationship between prudential regulation and banking risk in the West African Economic and Monetary Union contingent on institutional quality. The empirical analysis employed panel data from 63 banks spanning 2006–2019. The key findings reveal that stringent banking regulations and supervision enhance banks’ stability. Capital regulations, activity restrictions, and supervisory authorities reduce the risk of bank insolvency. The results suggest that a favorable institutional climate promotes rigorous enforcement of regulatory standards and robust supervision, thereby amplifying their efficacy. Overall, this study concludes that prudential policies exhibit risk-mitigating effects in West African Economic and Monetary Union countries conditional on sound institutional frameworks.
{"title":"Regulation, institutional quality, and stability of the banking system in West African Economic and Monetary Union","authors":"Koffi Sodokin, Essowaba Egbeleo, Richard Kuessi, M. Couchoro, A. Agbodji","doi":"10.1080/23322039.2023.2256127","DOIUrl":"https://doi.org/10.1080/23322039.2023.2256127","url":null,"abstract":"Abstract This study investigates the relationship between prudential regulation and banking risk in the West African Economic and Monetary Union contingent on institutional quality. The empirical analysis employed panel data from 63 banks spanning 2006–2019. The key findings reveal that stringent banking regulations and supervision enhance banks’ stability. Capital regulations, activity restrictions, and supervisory authorities reduce the risk of bank insolvency. The results suggest that a favorable institutional climate promotes rigorous enforcement of regulatory standards and robust supervision, thereby amplifying their efficacy. Overall, this study concludes that prudential policies exhibit risk-mitigating effects in West African Economic and Monetary Union countries conditional on sound institutional frameworks.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132797362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-06DOI: 10.1080/23322039.2023.2255496
Million Adafre Bushashe, Y. Bayiley
Abstract This study’s purpose is to assess fiscal federalism’s effect on public service provision in Ethiopia. The study adopted an explanatory research design. Considering 10 Sub-National Governments (SNGs) from 2005 to 2018, it employed Partial Least Square Structural Model (PLS-SEM). It also utilized Gaussian copula (GC) estimations since it helps to avoid the endogeneity. The study proved that expenditure decentralization significantly fosters public service provision. Revenue decentralization has no significant role in enhancing public service provision. Besides, though expenditure decentralization has adversely affected SNGs’ capacity, revenue decentralization positively contributes to SNGs’ capacity. On the one hand, SNG’s capacity plays a significant positive mediating role in the impact of revenue decentralization on public service provision. On the other hand, it negatively mediates the contribution of expenditure decentralization on public provision. The most important implication is that the government should raise revenue sources for SNGs and reduce federal grants. In addition, inter-governmental fiscal interactions should uphold the benefit principle and connectedness between the expenditure and revenue sides. The present study bridges gaps in the existing knowledge since it embraced ignored variables (i.e. SNG capacity) essential in the debates of fiscal federalism theories. Therefore, this makes the study more complete and gives a remedy for the piecemeal work of previous studies.
{"title":"Fiscal federalism and public service provision in Ethiopia: A mediating role of sub-national governments capacity","authors":"Million Adafre Bushashe, Y. Bayiley","doi":"10.1080/23322039.2023.2255496","DOIUrl":"https://doi.org/10.1080/23322039.2023.2255496","url":null,"abstract":"Abstract This study’s purpose is to assess fiscal federalism’s effect on public service provision in Ethiopia. The study adopted an explanatory research design. Considering 10 Sub-National Governments (SNGs) from 2005 to 2018, it employed Partial Least Square Structural Model (PLS-SEM). It also utilized Gaussian copula (GC) estimations since it helps to avoid the endogeneity. The study proved that expenditure decentralization significantly fosters public service provision. Revenue decentralization has no significant role in enhancing public service provision. Besides, though expenditure decentralization has adversely affected SNGs’ capacity, revenue decentralization positively contributes to SNGs’ capacity. On the one hand, SNG’s capacity plays a significant positive mediating role in the impact of revenue decentralization on public service provision. On the other hand, it negatively mediates the contribution of expenditure decentralization on public provision. The most important implication is that the government should raise revenue sources for SNGs and reduce federal grants. In addition, inter-governmental fiscal interactions should uphold the benefit principle and connectedness between the expenditure and revenue sides. The present study bridges gaps in the existing knowledge since it embraced ignored variables (i.e. SNG capacity) essential in the debates of fiscal federalism theories. Therefore, this makes the study more complete and gives a remedy for the piecemeal work of previous studies.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128318514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-06DOI: 10.1080/23322039.2023.2254579
Gaurav Gairola, Kushankur Dey
Abstract The agriculture sector observed the penetration of parametric weather risk financial products, including weather index insurance and weather derivatives, between the late 1990s and the early 2000s. However, the adoption of such products remains low. While the reasons for low adoption are mentioned in the extant literature, there is a lack of a theoretical framework that captures the moderators accelerating and inhibiting pricing structure and willingness to pay for parametric weather risk mitigants in agriculture. Also, the extant literature does not adequately explain the relationships or interdependencies between pricing structure and willingness to pay for parametric weather risk mitigants. This study bridges this gap by performing an integrative literature review. The review integrates the bibliometric analysis and systematic literature review and categorizes the extant literature into five focal areas: (1) weather analytics capability; (2) design, pricing, and testing; (3) users’ criteria for adoption; (4) prototyping; and (5) product efficacy of weather risk mitigation. A conceptual framework evolved from the review classifies the moderators into accelerants and inhibitors of pricing and willingness to pay. The framework hypothesizes that product design, contract specifications such as tick size and strike levels, hedge effectiveness, and instrument adoption have a recursive interaction with the willingness to pay and pricing structure. Future research directions guided by the proposed framework can motivate scholars and practitioners to explore the scope of bundling parametric (index) insurance and weather derivatives as a standalone product to enhance adoption.
{"title":"Moderators of pricing and willingness to pay for parametric weather risk mitigants in agriculture: An integrative review, conceptual framework, and research agenda","authors":"Gaurav Gairola, Kushankur Dey","doi":"10.1080/23322039.2023.2254579","DOIUrl":"https://doi.org/10.1080/23322039.2023.2254579","url":null,"abstract":"Abstract The agriculture sector observed the penetration of parametric weather risk financial products, including weather index insurance and weather derivatives, between the late 1990s and the early 2000s. However, the adoption of such products remains low. While the reasons for low adoption are mentioned in the extant literature, there is a lack of a theoretical framework that captures the moderators accelerating and inhibiting pricing structure and willingness to pay for parametric weather risk mitigants in agriculture. Also, the extant literature does not adequately explain the relationships or interdependencies between pricing structure and willingness to pay for parametric weather risk mitigants. This study bridges this gap by performing an integrative literature review. The review integrates the bibliometric analysis and systematic literature review and categorizes the extant literature into five focal areas: (1) weather analytics capability; (2) design, pricing, and testing; (3) users’ criteria for adoption; (4) prototyping; and (5) product efficacy of weather risk mitigation. A conceptual framework evolved from the review classifies the moderators into accelerants and inhibitors of pricing and willingness to pay. The framework hypothesizes that product design, contract specifications such as tick size and strike levels, hedge effectiveness, and instrument adoption have a recursive interaction with the willingness to pay and pricing structure. Future research directions guided by the proposed framework can motivate scholars and practitioners to explore the scope of bundling parametric (index) insurance and weather derivatives as a standalone product to enhance adoption.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131240883","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-06DOI: 10.1080/23322039.2023.2256197
Isubalew Daba Ayana, Wondaferahu Mulugeta Demissie, A. Sore
Abstract Following the upsurge of external debt in SSA countries, the effect of external debt on economic growth has captured the attention of empirical studies during the last two decades of the twenty-first century. This study investigated the short- and long-run effect of external debt on the economic growth of 39 SSA countries during the last decade for the periods of 2011–2021. The annual balanced dynamic panel data for the study were sourced from a recognized trustworthy data source, the world development indicator. The result of the study divulged that external debt has a significant negative impact in both the short and long run. Unequivocally, other things remaining constant, a percentage change in total external debt is associated with a 0.034 percent decline in the real GDP of SSA in the short run, while it leads to 0.65 percent shrinkage in the real GDP of SSA in the long run. The study concludes that the negative impact of the long run is greater than that of the short run. The policy implication is that SSA countries should allocate the external debt on the projects that bring other investment opportunities to amortize external debt. Further, the strategies that improve domestic revenue mobilization sources that compliment external debt such as improving informal sectors to broaden tax bases and minimizing domestic revenue leakages need to be established in SSA countries.
{"title":"Effect of external debt on economic growth in sub-Saharan Africa: System GMM estimation","authors":"Isubalew Daba Ayana, Wondaferahu Mulugeta Demissie, A. Sore","doi":"10.1080/23322039.2023.2256197","DOIUrl":"https://doi.org/10.1080/23322039.2023.2256197","url":null,"abstract":"Abstract Following the upsurge of external debt in SSA countries, the effect of external debt on economic growth has captured the attention of empirical studies during the last two decades of the twenty-first century. This study investigated the short- and long-run effect of external debt on the economic growth of 39 SSA countries during the last decade for the periods of 2011–2021. The annual balanced dynamic panel data for the study were sourced from a recognized trustworthy data source, the world development indicator. The result of the study divulged that external debt has a significant negative impact in both the short and long run. Unequivocally, other things remaining constant, a percentage change in total external debt is associated with a 0.034 percent decline in the real GDP of SSA in the short run, while it leads to 0.65 percent shrinkage in the real GDP of SSA in the long run. The study concludes that the negative impact of the long run is greater than that of the short run. The policy implication is that SSA countries should allocate the external debt on the projects that bring other investment opportunities to amortize external debt. Further, the strategies that improve domestic revenue mobilization sources that compliment external debt such as improving informal sectors to broaden tax bases and minimizing domestic revenue leakages need to be established in SSA countries.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127872640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-06DOI: 10.1080/23322039.2023.2254560
Shubham Kakran, Arpit Sidhu, P. Bajaj, Vishal Dagar
Abstract The interconnection of stock markets offers valuable insights into the broader dynamics of global financial markets. This study uses the Diebold and Yilmaz index model to analyze and measure volatility spillovers and interconnectedness among APEC stock markets. The objective is to identify major transmitters of volatility spillovers and assess the magnitude of different crisis cycles. The results show that the US is the major contributor (69.54%) to volatility spillovers in APEC stock markets, followed by Canada (52.92%) and Mexico (37.09%). These three economies are part of the highly integrated regional bloc, say, North American Free Trade Agreement (NAFTA). New Zealand has the highest net inflow of spillovers, while spillovers account for 32.86% of the error variance across APEC equity markets. Moreover, notable spikes in volatility spillovers have been observed as a result of various events, including the Chinese stock bubble, the Global Financial Crisis (2007–2008), European debt crises, the Chinese stock market crash, the cryptocurrency crash, the COVID-19 pandemic, and the Russia-Ukraine conflict. The study’s findings imply that policymakers should enhance economic integration and cooperation within APEC countries to manage volatility spillovers effectively. The research highlights market interactions for a large sample, aiding in identifying investment opportunities and risk management strategies.
{"title":"Novel evidence from APEC countries on stock market integration and volatility spillover: A Diebold and Yilmaz approach","authors":"Shubham Kakran, Arpit Sidhu, P. Bajaj, Vishal Dagar","doi":"10.1080/23322039.2023.2254560","DOIUrl":"https://doi.org/10.1080/23322039.2023.2254560","url":null,"abstract":"Abstract The interconnection of stock markets offers valuable insights into the broader dynamics of global financial markets. This study uses the Diebold and Yilmaz index model to analyze and measure volatility spillovers and interconnectedness among APEC stock markets. The objective is to identify major transmitters of volatility spillovers and assess the magnitude of different crisis cycles. The results show that the US is the major contributor (69.54%) to volatility spillovers in APEC stock markets, followed by Canada (52.92%) and Mexico (37.09%). These three economies are part of the highly integrated regional bloc, say, North American Free Trade Agreement (NAFTA). New Zealand has the highest net inflow of spillovers, while spillovers account for 32.86% of the error variance across APEC equity markets. Moreover, notable spikes in volatility spillovers have been observed as a result of various events, including the Chinese stock bubble, the Global Financial Crisis (2007–2008), European debt crises, the Chinese stock market crash, the cryptocurrency crash, the COVID-19 pandemic, and the Russia-Ukraine conflict. The study’s findings imply that policymakers should enhance economic integration and cooperation within APEC countries to manage volatility spillovers effectively. The research highlights market interactions for a large sample, aiding in identifying investment opportunities and risk management strategies.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129722212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-05DOI: 10.1080/23322039.2023.2254589
Fahd Alduais
Abstract This research explores the relationship between a company’s commitment to Environmental, Social, and Governance (ESG) factors and its capital equity cost (COE) in the Chinese market. Using statistical methods like regression analysis, the study aims to uncover how ESG disclosure relates to COE. Key findings reveal that environmental and social disclosures increase capital equity costs, indicating higher costs for companies with strong ESG practices. However, governance disclosures don’t significantly impact COE, suggesting that environmental and social aspects carry more weight in shaping investor perceptions and influencing costs compared to governance. The research also shows that this ESG-COE link is more significant for financially sound companies, indicating greater cost implications for strong performers. The study further demonstrates that strong ESG practices are perceived as lower risk, leading to lower capital equity costs. Chinese firms with high ESG scores tend to have lower capital costs, indicating rising investor appreciation for ESG in the Chinese market. The study’s robustness check supports these findings, reinforcing the growing importance of ESG in investment decisions. This research has implications for companies, investors, and policymakers, stressing the role of ESG in attracting investment and reducing costs. Policymakers can use these insights to encourage improved ESG practices and transparency. Overall, the study underscores ESG’s impact on capital equity costs in China, offering valuable insights for decision-makers and highlighting ESG’s relevance in financial choices.
{"title":"Unravelling the intertwined nexus of firm performance, ESG practices, and capital cost in the Chinese business landscape","authors":"Fahd Alduais","doi":"10.1080/23322039.2023.2254589","DOIUrl":"https://doi.org/10.1080/23322039.2023.2254589","url":null,"abstract":"Abstract This research explores the relationship between a company’s commitment to Environmental, Social, and Governance (ESG) factors and its capital equity cost (COE) in the Chinese market. Using statistical methods like regression analysis, the study aims to uncover how ESG disclosure relates to COE. Key findings reveal that environmental and social disclosures increase capital equity costs, indicating higher costs for companies with strong ESG practices. However, governance disclosures don’t significantly impact COE, suggesting that environmental and social aspects carry more weight in shaping investor perceptions and influencing costs compared to governance. The research also shows that this ESG-COE link is more significant for financially sound companies, indicating greater cost implications for strong performers. The study further demonstrates that strong ESG practices are perceived as lower risk, leading to lower capital equity costs. Chinese firms with high ESG scores tend to have lower capital costs, indicating rising investor appreciation for ESG in the Chinese market. The study’s robustness check supports these findings, reinforcing the growing importance of ESG in investment decisions. This research has implications for companies, investors, and policymakers, stressing the role of ESG in attracting investment and reducing costs. Policymakers can use these insights to encourage improved ESG practices and transparency. Overall, the study underscores ESG’s impact on capital equity costs in China, offering valuable insights for decision-makers and highlighting ESG’s relevance in financial choices.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126384097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-03DOI: 10.1080/23322039.2023.2251272
Hanh Hong Le, Jean- Laurent Viviani, Fitriya Fauzi
: This study aims to investigate the material loss review published by the Federal Deposit Insurance Corporation (FDIC) on 98 failed banks from 2008 to 2015. The text mining techniques via machine learning, i.e. bag of words, document clustering, and topic modeling, are employed for the investigation. The pre-processing step of text cleaning is first performed prior to the analysis. In comparison with traditional methods using financial ratios, our study generates actionable insights extracted from semi-structured textual data, i.e. the FDIC’s reports. Our text analytics suggests that to prevent from being a failure; banks should beware of loans, board management, supervisory process, the concentration of acquisition, development, and construction (ADC), and commercial real estate (CRE). In addition, the primary reasons that US banks went failure from 2008 to 2015 are explained by two primary topics, i.e. loan and management.
{"title":"Why do banks fail? An investigation via text mining","authors":"Hanh Hong Le, Jean- Laurent Viviani, Fitriya Fauzi","doi":"10.1080/23322039.2023.2251272","DOIUrl":"https://doi.org/10.1080/23322039.2023.2251272","url":null,"abstract":": This study aims to investigate the material loss review published by the Federal Deposit Insurance Corporation (FDIC) on 98 failed banks from 2008 to 2015. The text mining techniques via machine learning, i.e. bag of words, document clustering, and topic modeling, are employed for the investigation. The pre-processing step of text cleaning is first performed prior to the analysis. In comparison with traditional methods using financial ratios, our study generates actionable insights extracted from semi-structured textual data, i.e. the FDIC’s reports. Our text analytics suggests that to prevent from being a failure; banks should beware of loans, board management, supervisory process, the concentration of acquisition, development, and construction (ADC), and commercial real estate (CRE). In addition, the primary reasons that US banks went failure from 2008 to 2015 are explained by two primary topics, i.e. loan and management.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127108941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-03DOI: 10.1080/23322039.2023.2253076
Saib Fakhar, Fateh Mohd Khan, M. Tabash, Gayas Ahmad, Javaid Akhter, M. Al-Absy
Abstract Recent financial upheavals and economic downturns have triggered and sped up the research on financial distress in general and in the Banking industry in specific. The current review attempts to gauge and map performance trends and intellectual knowledge structure of the financial distress research in the banking industry. A hybrid approach was adopted to inventorize, analyse and evaluate the financial distress literature pertaining to the banking industry (1982–2022); the authors apply bibliometric analysis to identify critical financial distress literature articles and journals, followed by the identification of central financial distress literature research themes through co-citation analysis. We found that financial distress researchers have published 11 papers each year since 1982, and the number of citations received by the research domain has significantly risen, adding more importance to this research domain. Further, the analysis helps delineate four thematic knowledge clusters throwing light on the nomological network of the field and giving a bird’s eye-view of the intellectual structure of the field. Since this review utilised data from a single database, i.e. Scopus, any shortcomings associated with the database would undoubtedly impact the results.
{"title":"Financial distress in the banking industry: A bibliometric synthesis and exploration","authors":"Saib Fakhar, Fateh Mohd Khan, M. Tabash, Gayas Ahmad, Javaid Akhter, M. Al-Absy","doi":"10.1080/23322039.2023.2253076","DOIUrl":"https://doi.org/10.1080/23322039.2023.2253076","url":null,"abstract":"Abstract Recent financial upheavals and economic downturns have triggered and sped up the research on financial distress in general and in the Banking industry in specific. The current review attempts to gauge and map performance trends and intellectual knowledge structure of the financial distress research in the banking industry. A hybrid approach was adopted to inventorize, analyse and evaluate the financial distress literature pertaining to the banking industry (1982–2022); the authors apply bibliometric analysis to identify critical financial distress literature articles and journals, followed by the identification of central financial distress literature research themes through co-citation analysis. We found that financial distress researchers have published 11 papers each year since 1982, and the number of citations received by the research domain has significantly risen, adding more importance to this research domain. Further, the analysis helps delineate four thematic knowledge clusters throwing light on the nomological network of the field and giving a bird’s eye-view of the intellectual structure of the field. Since this review utilised data from a single database, i.e. Scopus, any shortcomings associated with the database would undoubtedly impact the results.","PeriodicalId":106250,"journal":{"name":"Cogent Economics & Finance","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117317602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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