...Satish Kumar; Rajesh Pathak Purpose We investigate how the COVID-19 pandemic affected the efficiency of exchange rate, stock and cryptocurrency returns by analyzing a well-known calendar anomaly, the turn-of-the-month (TOM) effect. Design/methodology/approach We define the TOM days...

...Uttam Karki; Himanshu Seth; Vaneet Bhatia Purpose This study aims to scrutinize the role of environmental, social and governance (ESG) performance and its indicators in achieving working capital management (WCM) efficiency. Design/methodology/approach Using a sample comprising 520 firm-year...

... the efficiency of these PSBs in navigating this unprecedented crisis. Design/methodology/approach The evaluation encompasses panel data on an annual basis spanning from 2020 to 2023. To assess the overall efficiency of merged PSBs, the advanced statistical technique like one-step system generalized method...

...Yichlal Simegn Filatie; Dhiraj Sharma Purpose The main objective of this study is to analyze the mediating role of intellectual capital in the relationship between diversification, financial stability, and efficiency of the banking sector in Ethiopia. Design/methodology/approach Secondary data...

...Himanshu Seth; Deepak Deepak; Namita Ruparel; Saurabh Chadha; Shivi Agarwal Purpose This study aims to assess the efficiency of managing working capital in 1,388 Indian manufacturing firms from 2008 to 2019 and investigate the effects of firm-specific and macro-level determinants on working...

...Paolo Coccorese; Biswa Swarup Misra Purpose This paper investigates the relationship between market power and efficiency for Indian banks in order to test the validity of the quiet life hypothesis (QLH) during 2005–2019. Design/methodology/approach First, the bank-level DEA efficiency scores...

...Navendu Prakash; Shveta Singh; Seema Sharma Purpose This paper empirically examines the short-term and long-term associations between risk, capital and efficiency (R-C-E) in the Indian banking sector across 2008–2019 to answer the presence of causation or contemporaneousness in the R-C-E nexus...

... be seen at http://creativecommons.org/licences/by/4.0/legalcode Performance Efficiency Agency costs Panel analysis Football Financial fair play H1. The financial performance influences the sport results and not vice versa. Since the beginning of the new millennium...

...Hakan Aygoren; Emrah Balkan Purpose The aim of this study is to investigate the role of efficiency in capital asset pricing. The paper explores the impact of a four-factor model that involves an efficiency factor on the returns of Nasdaq technology firms. Design/methodology/approach The paper...

...Himanshu Seth; Saurabh Chadha; Namita Ruparel; Puneet Kumar Arora; Satyendra Kumar Sharma Purpose The purpose of this paper is to empirically investigate the relationship between working capital management (WCM) efficiency and exogenous variables of the Indian manufacturing sector along with its...

...Porchiung Ben Chou; Michael A. Ehrlich; Ronald Sverdlove Purpose By applying models of social and economic networks to financial institutions, the purpose of this paper is to address the issues of how policy makers can promote financial network stability and social efficiency. Design...

... cost of health care delivery (access), efficiency, market power, cost and price. Implications for health care industry policy are provided. Findings A significant majority of results conclude lower costs, increased efficiency, but higher prices (due to a market concentration effect) following...

...Benjamin Amoah; Kwaku Ohene-Asare; Godfred Alufar Bokpin; Anthony Q.Q. Aboagye Purpose The purpose of this paper is to investigate the factors that tend to influence credit union efficiency, specifically examining cost efficiency (CE) and technical efficiency. Design/methodology/approach Using...

... on the risk exposure and consequently on the efficiency level of Islamic and conventional banks. Findings In general, overconfidence bias causes excessive risk taking and the degradation of the cost efficiency level. Moreover, these effects emerge with a delay of three to four years and have implications...

...Najla Mezzi Purpose The purpose of this paper is to study the efficiency level of Islamic banks, the differences between Islamic banks in the MENA region and Southeast Asia and the role of the governance in improving performance. Design/methodology/approach This paper examines, on the one hand...

... this important aspect of ETF trading. Even in the analyses of net returns, we document positive excess returns from 2008 to 2010. We consider these results as evidence for inefficiency in ETF prices during the periods of high uncertainty (i.e. low information efficiency). Forth, we explore the time series...

...Salma Louati; Awatef Louhichi; Younes Boujelbene Purpose Based on a matched sample of 34 Islamic banks and 89 conventional ones, the purpose of this paper is to analyze and compare the risk-capital-efficiency interconnection. Design/methodology/approach Based on the triple square model (3SLS...

...Thanh Pham Thien Nguyen; Son Hong Nghiem Purpose The purpose of this paper is to examine the operational efficiency and effects of market concentration and diversification on the efficiency of Chinese and Indian banks in the 1997-2011 period. Design/methodology/approach This study employs...

... to operate on the efficient frontier. After projecting each mutual fund’s return and risk to the efficient frontier the authors find that a majority of the mutual funds should reduce risk to be consistent with the capital market line. Originality/value – Many researchers have used data envelopment...

...Abdul Latif Alhassan Purpose – The purpose of this paper is to explore the non-linear relationship between income diversification and efficiency of Ghanaian banks within the universal banking era. Design/methodology/approach – The stochastic frontier analysis (SFA) technique is employed...