Pub Date : 2023-02-13DOI: 10.1007/s10693-023-00399-2
Jun Duanmu, Garrett A. McBrayer
{"title":"Structural Drivers of Credit Rating Uncertainty: An Examination of the Changes Imposed by Dodd-Frank","authors":"Jun Duanmu, Garrett A. McBrayer","doi":"10.1007/s10693-023-00399-2","DOIUrl":"https://doi.org/10.1007/s10693-023-00399-2","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"1 1","pages":"1-25"},"PeriodicalIF":1.4,"publicationDate":"2023-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48257916","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-11DOI: 10.1007/s10693-023-00401-x
Andrea Zaghini
{"title":"Correction to: The Covid Pandemic in the Market: Infected, Immune and Cured Bonds","authors":"Andrea Zaghini","doi":"10.1007/s10693-023-00401-x","DOIUrl":"https://doi.org/10.1007/s10693-023-00401-x","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"1 1","pages":"1"},"PeriodicalIF":1.4,"publicationDate":"2023-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44563362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-14DOI: 10.1007/s10693-023-00397-4
H. Luu, T. Nguyen, Dung Thuy Thi Nguyen, L. T. M. Nguyen, E. Johari
{"title":"Shareholder Litigation Rights and Bank Dividends","authors":"H. Luu, T. Nguyen, Dung Thuy Thi Nguyen, L. T. M. Nguyen, E. Johari","doi":"10.1007/s10693-023-00397-4","DOIUrl":"https://doi.org/10.1007/s10693-023-00397-4","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"1 1","pages":"1 - 33"},"PeriodicalIF":1.4,"publicationDate":"2023-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42713996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-31DOI: 10.1007/s10693-022-00395-y
Davide Castellani, E. Giaretta
{"title":"Multimarket Banks, Local Economic Shocks, and Lending Behavior: When the Effect is on Cost but not on the Amount of Deposit Fundings","authors":"Davide Castellani, E. Giaretta","doi":"10.1007/s10693-022-00395-y","DOIUrl":"https://doi.org/10.1007/s10693-022-00395-y","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"1 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41502029","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-27DOI: 10.1007/s10693-022-00393-0
Nimrod Segev, Sigal Ribon, Michael Kahn, J. de Haan
{"title":"Low Interest Rates and Banks’ Interest Margins: Does Deposit Market Concentration Matter?","authors":"Nimrod Segev, Sigal Ribon, Michael Kahn, J. de Haan","doi":"10.1007/s10693-022-00393-0","DOIUrl":"https://doi.org/10.1007/s10693-022-00393-0","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44846069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.1007/s10693-022-00389-w
Edward R. Lawrence, Ca Nguyen, Alejandro Pacheco
{"title":"Interest Rate Competition among C Banks, S Banks, and Credit Unions","authors":"Edward R. Lawrence, Ca Nguyen, Alejandro Pacheco","doi":"10.1007/s10693-022-00389-w","DOIUrl":"https://doi.org/10.1007/s10693-022-00389-w","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"1 1","pages":"1 - 24"},"PeriodicalIF":1.4,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44985029","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-20DOI: 10.1007/s10693-022-00387-y
Silvia Bressan, Alex Weissensteiner
In this paper, we analyze the relationship among skewness, value, and stock returns for US financial intermediaries. Further, we compare skewness based on past returns to risk-neutral skewness based on options. We find that the option-implied skewness has a significantly higher explanatory power. In line with the strand of literature on investors exploiting mispriced stocks through option trading, we find that a higher ex ante skewness indicates a low valuation that predicts higher returns. We investigate the relationship between skewness and value for each segment of intermediaries, and we show that the link is strongest for financial technology firms.
{"title":"Option-Implied Skewness and the Value of Financial Intermediaries","authors":"Silvia Bressan, Alex Weissensteiner","doi":"10.1007/s10693-022-00387-y","DOIUrl":"https://doi.org/10.1007/s10693-022-00387-y","url":null,"abstract":"<p>In this paper, we analyze the relationship among skewness, value, and stock returns for US financial intermediaries. Further, we compare skewness based on past returns to risk-neutral skewness based on options. We find that the option-implied skewness has a significantly higher explanatory power. In line with the strand of literature on investors exploiting mispriced stocks through option trading, we find that a higher ex ante skewness indicates a low valuation that predicts higher returns. We investigate the relationship between skewness and value for each segment of intermediaries, and we show that the link is strongest for financial technology firms.</p>","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"196 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138508697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-18DOI: 10.1007/s10693-022-00388-x
B. Casu, L. Chiaramonte, E. Croci, Stefano Filomeni
{"title":"Access to Credit in a Market Downturn","authors":"B. Casu, L. Chiaramonte, E. Croci, Stefano Filomeni","doi":"10.1007/s10693-022-00388-x","DOIUrl":"https://doi.org/10.1007/s10693-022-00388-x","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43548587","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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