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International Journal of Financial Studies, Volume 8, Issue 4

December 2020 - 21 articles

Cover Story: As the events of 2020 have shown, social and economic responsibilities are innately connected. Banks are at the core of these connections because banks determine which investments get made. This study considers how the CSR investments that banks make impact their own future, making a distinction between internal and external CSR investments. Internal investments are those that narrowly consider internal stakeholders, while external investments consider a broader, more inclusive nexus of stakeholders. The results show that CSR investments by banks do create bank value and lower bank risk, but this is entirely driven by their external CSR investments, not by their internal CSR investments. The moral is that greenwashing destroys value while long-term strategic and inclusive CSR investments create value, growth and prosperity for U.S. banks. View this paper.
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Articles (21)

  • Article
  • Open Access
4 Citations
4,007 Views
21 Pages

A Comprehensive Approach for Calculating Banking Sector Risks

  • Carmelo Salleo,
  • Alberto Grassi and
  • Constantinos Kyriakopoulos

We propose a comprehensive approach for the analysis of real economy and government sector risk transmission to the banking system and apply it in ten Euro-Area countries from 2005 to 2017. A flexible methodology is developed to model banks’ as...

  • Article
  • Open Access
19 Citations
6,196 Views
22 Pages

Within bank activities, which is normally defined as the joint exercise of savings collection and credit supply, risk-taking is natural, as in many human activities. Among risks related to credit intermediation, credit risk assumes particular importa...

  • Article
  • Open Access
2,947 Views
18 Pages

Farmland valuation models usually incorporate local purchasing power as one of the pricing factors. A plausible rationale is that a larger population and higher income per capita imply increasing demand for agricultural products and farmland. In this...

  • Article
  • Open Access
2 Citations
3,409 Views
14 Pages

Oil, also called black gold, is considered as the commodity which has the greatest impact on the world’s economy, and it has been studied in terms of its relationship and effects on macroeconomic variables such as Gross Domestic Product (GDP),...

  • Article
  • Open Access
1 Citations
4,247 Views
13 Pages

This study empirically examines the relationship between executive compensation and mergers and acquisitions (M&A) behaviors by identifying the influence of short- and long-term incentive on the propensity and scale of M&A. When the short-ter...

  • Feature Paper
  • Article
  • Open Access
8 Citations
8,979 Views
28 Pages

This study analyzes the effect that banks’ investments in corporate social responsibility (CSR) have on bank performance. I find that banks’ investments in CSR have a positive impact on financial performance, measured in terms of both acc...

  • Article
  • Open Access
5 Citations
4,450 Views
24 Pages

The regulation of microfinance services is likely to have a wide-ranging influence on the microfinance sector, particularly on institutions and their clients. This paper reveals the impact of a specific regulatory regime, the “Microcredit Regul...

  • Article
  • Open Access
1 Citations
3,316 Views
16 Pages

This study develops a quasi-closed-form solution for the valuation of an American put option and the critical price of the underlying asset. This is an important area of research both because of a large number of transactions for American put options...

  • Article
  • Open Access
4 Citations
5,483 Views
25 Pages

Do Analysts’ Cash Flow Forecasts Improve Firm Value?

  • Hyun Min Oh,
  • Sam Bock Park and
  • Jong Hyun Kim

We examine whether analysts’ cash flow forecasts improve firm value. First, we analyze whether the joint issuance of financial analysts’ earnings and cash flow forecasts improve firm value. Second, we analyze whether the quality of analys...

  • Feature Paper
  • Article
  • Open Access
29 Citations
6,102 Views
10 Pages

Dealing with Carbon Risk and the Cost of Debt: Evidence from the European Market

  • Fabio Pizzutilo,
  • Massimo Mariani,
  • Alessandra Caragnano and
  • Marianna Zito

The ever-increasing attention towards climate change has led to investigate the economic and financial impact of environmental risk. In this scenario, we aimed at investigating the relationship between a specific component of environmental risk, name...

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Int. J. Financial Stud. - ISSN 2227-7072