Listar COFIN_Articles por fecha de publicación
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The time-varying risk–return trade-off and its explanatory and predictive factors
Elsevier (2023)We analyze the intertemporal dimension of the risk–return trade-off and determine the drivers that better explain and predict its evolution. To this end, we propose a novel estimate of the relationship between return and ... -
Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
Wiley (2022-12-15)This research aims to shed light on the effect of corporate social responsibility (CSR) disclosure on capital structure, a significant strategic policy for all listed companies. Furthermore, it aims to explore the moderating ... -
Revisiting the Silver Crisis
Elsevier (2022-09-22)This paper examines the Silver Crisis of the late 1970s, which resulted in a $150 million lawsuit against the Hunt Brothers. In August 1988, the Hunt Brothers were found guilty by a jury of conspiracy, manipulation, ... -
La inversión sostenible como integradora de los aspectos sociolaborales, ambientales y de gobernanza en el mercado financiero: productos, medición y normativa en Europa
Centro de Estudios Financieros - CEF (2022-07-07)La inversión sostenible (IS) se ha convertido en uno de los temas más destacados para la comunidad empresarial, los mercados financieros y la sociedad en los últimos años. Cada vez más, las inversiones buscan estimular la ... -
Sustainable development through the effect of board diversity and CEO duality on corporate risk: Does the state-owned enterprises matter?
Wiley (2022-04-12)To date, not much research has been devoted to analyzing the impact of some corporate governance mechanisms (board diversity and CEO duality) on corporate risk. Consequently, we believe that it is necessary to study such ... -
The non-linear trade-off between return and risk and its determinants
Elsevier (2022-04-08)We estimate a discrete approximation of the risk-return trade-off for the US market by using the whole universe of stocks from July 1963 to September 2017. We find the relationship between return and total risk to be ... -
Mutual fund performance and changes in factor exposure
Wiley (2022-03-21)In this article, we examine whether active mutual funds that markedly change their exposure to systematic risk factors subsequently outperform. We propose a new returns-based approach to assess the degree to which mutual ... -
Does Perceived Corruption Converge? International Evidence
De Gruyter (2022-03-17)This article analyses the evolution over time of perceived corruption for a large set of countries worldwide. To proxy corruption, we use the recently proposed Bayesian Corruption Index (Standaert, S. (2015). Divining the ... -
Market risk aversion under volatility shifts: An experimental study
Elsevier (2022-03-15)We propose an experiment to analyze the relationship between volatility regimes and investors’ behavior and explore the mechanism by which aggregated risk aversion is configured. We design a market in which the volatility ... -
Earnings management of target firms and deal premiums: The role of industry relatedness
Elsevier (2022-03)This paper contributes to the merger and acquisitions (M&A) literature by providing evidence for the role of industry relatedness in the association between target firms' earnings management (EM) before the deal and the ... -
The effect of mandatory adoption of IFRS on the magnitude of accruals
Emerald (2022-02-14)Purpose: This paper investigates whether the greater flexibility of International Financial Reporting Standards (IFRS) in contrast to accounting models that were used before those standards became mandatory meant a ... -
Countercyclical prudential buffers and bank risk-taking
Elsevier (2022-01-31)We investigate the effects of countercyclical prudential buffers on bank risk-taking. We exploit the introduction of dynamic loan loss provisioning in Spain, mandating that banks use historical average loss rates in their ... -
Market must be defended: The role of counter-espionage policy in protecting domestic market welfare
Elsevier (2022-01-08)Governments of advanced economies are extremely concerned about the illicit acquisition of information on critical technologies employed by their industries, and countering this economic espionage is quickly becoming one ... -
Transitioning the agri-food system. Does closeness mean sustainability? how production and shipping strategies impact socially and environmentally. Comparing Spain, South Africa and U.S. citrus fruit productions
Taylor and Francis (2022)Agricultural techniques and orchard management play an important role in food production sustainability and there is an increasing number of research papers that focus on food cradle-to-gate life cycle assessment. In ... -
Contribution of sustainable investment to sustainable development within the framework of the SDGS: the role of the asset management industry
Emerald (2022)PURPOSE: This study aims to understand how scholarly research addresses sustainable investments’ contribution to sustainable development within the Sustainable Development Goals (SDG) framework. This is achieved by ... -
Foreign versus local control of Spanish private subsidiaries and modified audit opinions
Asociación Española de Profesores Universitarios de Contabilidad, ASEPUC (2022)This paper studies the relation between foreign control and the likelihood of receiving modified audit opin-ions (MAOs) by private subsidiaries. To further analyze this relation, we partition MAOs based on theirunderlying ... -
Board competences and CSR reporting: the moderating role of CEO power
Asociación Española de Profesores Universitarios de Contabilidad, ASEPUC (2022)Studies addressing the impact of board capabilities on CSR reporting are scarce. The aim of this research is to provide further evidence of the impact that certain board capabilities, such as board specific skills, ... -
The Export Strategy and SMEs Employment Resilience During Slump Periods
De Gruyter (2021-12-31)The Spanish economy was the most hit by the Great Recession. It suffered a greater decrease in the gross domestic product (GDP) (affecting especially internal demand). However, it suffered a greater increase in exports ... -
The moderating effects of corporate social responsibility assurance in the relationship between corporate social responsibility disclosure and corporate performance
Wiley (2021-11-10)The aim of this research is to analyse the impact of corporate social responsibility (CSR) disclosure on corporate performance. It also analyses the moderating effect of CSR assurance on the association between CSR disclosure ...