Publications

Using a large dataset of manufacturing firms from 65 countries, we examine whether and how firm inflexibility influences implied cost of equity over the period 1989–2018. We find that, on average, a firm with higher level of inflexibility have a higher implied cost of equity.

In July 2021, the European central bank (ECB) announced the application of new environmental criteria to purchase private assets as part of its Quantitative Easing (QE) program.

To attract highly qualified remote workers to their cities and countries, governments have implemented mechanisms for the stay of digital nomads, thereby promoting local economic development.

Following the 2008 Global Financial Crisis, the central banks of many advanced economies resorted to unconventional monetary policies including, the adoption of a negative interest rate policy, aimed at spurring economic recovery and growth.

Despite numerous efforts by policymakers, trade among African countries remain abysmal. In this paper, we investigate whether democracy affects intra-Africa trade of goods.

Using data from 5474 banks located in 23 OECD countries over the period 2019Q2-2022Q1, we study the influence of COVID-19 on bank profitability (before and during the COVID-19 vaccination period).

To the question of whether global stock market indices are sensitive to climate change, the answer is “Yes”.

Using a panel of U.S. public firms, we present the first evidence highlighting the relation between green technology innovation and cost of equity capital. Consistent with our prediction, we find that greater green technology innovation is associated with lower cost of equity capital.