@article{MTMT:35597325, title = {Banks, freedom, and political connections: New evidence from around the world}, url = {https://m2.mtmt.hu/api/publication/35597325}, author = {Cegłowski, Bartłomiej and Jackowicz, Krzysztof and Kozłowski, Łukasz and Kuchciak, Iwa}, doi = {10.1016/j.jfs.2024.101353}, journal-iso = {J FINANC STABIL}, journal = {JOURNAL OF FINANCIAL STABILITY}, volume = {November}, unique-id = {35597325}, issn = {1572-3089}, year = {2024}, eissn = {1878-0962}, pages = {101353} } @article{MTMT:35201468, title = {What determines global sentiment towards China’s Belt and Road Initiative?}, url = {https://m2.mtmt.hu/api/publication/35201468}, author = {García-Herrero, Alicia}, doi = {10.1080/20954816.2024.2379671}, journal-iso = {ECON POLIT STUD-EPS}, journal = {ECONOMIC AND POLITICAL STUDIES-EPS}, volume = {-}, unique-id = {35201468}, issn = {2095-4816}, year = {2024}, eissn = {2470-4024}, pages = {1-19}, orcid-numbers = {García-Herrero, Alicia/0000-0003-4916-7293} } @article{MTMT:35069833, title = {Government Grants and the Impact of Dividend Announcements on Firms’ Stock Price}, url = {https://m2.mtmt.hu/api/publication/35069833}, author = {Ichev, Riste}, doi = {10.4236/tel.2024.143049}, journal-iso = {THEOR ECON LETT}, journal = {THEORETICAL ECONOMICS LETTERS}, volume = {14}, unique-id = {35069833}, issn = {2162-2078}, year = {2024}, eissn = {2162-2086}, pages = {951-961} } @article{MTMT:35191682, title = {Environmental policy and stakeholder engagement: Incident‐based, cross‐country analysis of firm‐level greenwashing practices}, url = {https://m2.mtmt.hu/api/publication/35191682}, author = {Keresztúri, Judit Lilla and Berlinger, Edina and Lublóy, Ágnes}, doi = {10.1002/csr.2945}, journal-iso = {CORP SOC RESPONS ENVIRON MANAGNAG.}, journal = {CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT}, unique-id = {35191682}, issn = {1535-3958}, abstract = {In this study, we investigate how internal and external monitoring systems can help combat greenwashing. We propose a novel, incident‐based measure to investigate the greenwashing behavior of 1218 large and mid‐cap companies across different industries between 2008 and 2020. These companies are constituents of the MSCI World Index, covering 23 developed market economies. We consider a company to be engaged in greenwashing if it improves its environmental ESG subscore while simultaneously being responsible for severe environmental damage. According to our greenwashing indicator, about 7% of the companies were involved in greenwashing at least once during the 13‐year sample period. The proportion of greenwashing companies is highest in the energy, utilities, and materials industries. We find evidence that both internal and external monitoring mechanisms can be effective in deterring companies from adopting greenwashing strategies. Firms with more independent board members, attracting more attention from the investors, and headquartered in countries where the population is more environmentally aware are significantly less likely to engage in greenwashing. The awareness of the population is a key factor especially in the energy, utility, and material sectors.}, year = {2024}, eissn = {1535-3966}, orcid-numbers = {Keresztúri, Judit Lilla/0000-0003-1407-242X; Berlinger, Edina/0000-0002-8264-0823} } @article{MTMT:35085577, title = {Press Freedom and Systemic Risk}, url = {https://m2.mtmt.hu/api/publication/35085577}, author = {Kladakis, George and Skouralis, Alexandros}, doi = {10.2139/ssrn.4810391}, journal-iso = {SOC SCI RES NETW (SSRN)}, journal = {SOCIAL SCIENCE RESEARCH NETWORK: SSRN}, volume = {1}, unique-id = {35085577}, year = {2024}, eissn = {1556-5068}, pages = {1} } @mastersthesis{MTMT:34777249, title = {Green Choices, Grey Areas. Risk Management and Investor Behavior in the ESG Landscape}, url = {https://m2.mtmt.hu/api/publication/34777249}, author = {Márkus, Martin}, unique-id = {34777249}, year = {2024} } @misc{MTMT:34854358, title = {Watchdogs or Petdogs. The Role of Media Freedom on Banking System Stability}, url = {https://m2.mtmt.hu/api/publication/34854358}, author = {My, Nguyen and Ama, Samarasinghe and Michael, T. Skully}, unique-id = {34854358}, year = {2024} } @article{MTMT:35366298, title = {Watchdogs or Petdogs: The role of media freedom on banking system stability}, url = {https://m2.mtmt.hu/api/publication/35366298}, author = {Nguyen, My and Samarasinghe, Ama and Skully, Michael}, doi = {10.1016/j.pacfin.2024.102499}, journal-iso = {PAC BASIN FIN J}, journal = {PACIFIC-BASIN FINANCE JOURNAL}, volume = {87}, unique-id = {35366298}, issn = {0927-538X}, keywords = {media freedom; media ownership; Market discipline; bank stability}, year = {2024}, eissn = {1879-0585} } @article{MTMT:35632299, title = {Trends in political communication on air: implications for democratic consolidation in Ghana}, url = {https://m2.mtmt.hu/api/publication/35632299}, author = {Pimpong, Samuel}, doi = {10.1080/23311983.2024.2438505}, journal-iso = {COGENT ARTS HUMANITE}, journal = {COGENT ARTS & HUMANITIES}, volume = {11}, unique-id = {35632299}, issn = {2331-1983}, year = {2024}, eissn = {2331-1983}, orcid-numbers = {Pimpong, Samuel/0000-0002-5127-914X} } @inproceedings{MTMT:33843787, title = {Challenges in ESG Ratings. Understanding ESG Rating Disagreement and Its Effects on Financial Decision Making}, url = {https://m2.mtmt.hu/api/publication/33843787}, author = {Naffa, Helena and Dudás, Fanni}, booktitle = {Conference Proceedings of the 7th FEB International Scientific Conference: Strengthening Resilience by Sustainable Economy and Business - Towards theSDGs}, unique-id = {33843787}, year = {2023}, pages = {539-548} } @article{MTMT:33634909, title = {Reported corporate misconducts: The impact on the financial markets}, url = {https://m2.mtmt.hu/api/publication/33634909}, author = {Ichev, Riste}, doi = {10.1371/journal.pone.0276637}, journal-iso = {PLOS ONE}, journal = {PLOS ONE}, volume = {18}, unique-id = {33634909}, issn = {1932-6203}, abstract = {This study empirically examines how reported corporate misconducts affect the stock returns of US firms. As the reported misconducts are broadcasted in the newspaper outlets, the cumulative abnormal return (CAR) is -4.1%. Involvement in a reported corporate misconduct gets punished by market participants especially when the act of reported misconduct is blamed on the level of the corporation rather than in involvement of a specific individual, when reported misconducts take place in the home market, and when the linguistic tone used in the newspaper article is negative. Financial penalties imposed, firm size, leverage, revenue growth, and the level of firm foreign exposure are found to have significant impact on the returns during the period of observation. The results suggest that investors recognize the importance to penalize firms in the financial markets when firms act unethically.}, year = {2023}, eissn = {1932-6203}, pages = {e0276637}, orcid-numbers = {Ichev, Riste/0000-0002-0776-9555} } @article{MTMT:32992473, title = {Blowing the whistle on corporate fraud: the role of regulators and journalists in the financial vs non-financial sectors}, url = {https://m2.mtmt.hu/api/publication/32992473}, author = {Keresztúri, Judit Lilla and Berlinger, Edina and Lublóy, Ágnes}, doi = {10.1080/00036846.2022.2096872}, journal-iso = {APPL ECON}, journal = {APPLIED ECONOMICS}, volume = {55}, unique-id = {32992473}, issn = {0003-6846}, year = {2023}, eissn = {1466-4283}, pages = {1273-1284}, orcid-numbers = {Keresztúri, Judit Lilla/0000-0003-1407-242X} } @article{MTMT:34091811, title = {Media Coverage and the Incidence of Financial Restatements in Taiwan}, url = {https://m2.mtmt.hu/api/publication/34091811}, author = {Ko, Shiu-Ming and Lin, Kuo-Hao and Wang, Tsung-Li and Nguyen, Thi Bao Ngoc}, doi = {10.47260/amae/1364}, journal-iso = {ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS}, journal = {ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS}, volume = {13}, unique-id = {34091811}, issn = {1792-7544}, abstract = {AbstractThis study investigates the impact of media coverage on the incidence of financial restatements by testing two competing hypotheses: the media monitoring hypothesis and the media pressure hypothesis. The media monitoring hypothesis suggests a negative relationship between media coverage and financial restatements, as media acts as an external monitor, improving the quality of financial reporting. The media pressure hypothesis posits a positive relationship, as media coverage can induce short-term performance pressure on managers, leading to opportunistic earnings manipulation and restatements. Analyzing a sample of Taiwan-listed companies from 2000 to 2021, our overall findings support for the media pressure hypothesis, indicating that higher media coverage increases the likelihood of financial restatements. Further results suggest that the positive impact of media coverage on restatements is mitigated by the presence of foreign institutional investors acting as substitution governance monitors. We also show that the positive impact of media coverage on restatements is more evident among firms with high coverage of directors’ and officers’ liability insurance, serving as a complementary mechanism to amplify the media-driven short-term performance pressure on managers. This study expands our knowledge of financial restatements and underscores the significance of acknowledging the role of media in short-term market pressure and the quality of financial reporting.JEL classification numbers: G14, G34, L82, M41.Keywords: Media Coverage, Financial Restatements, Corporate Governance, Short-term Pressure.}, year = {2023}, eissn = {1792-7552}, pages = {67-88} } @article{MTMT:33690688, title = {“It’s the Economy, Stupid!”, Is it not? The Relationship between Press Freedom and the Status of the Economy in Western Media Systems}, url = {https://m2.mtmt.hu/api/publication/33690688}, author = {Maniou, Theodora A. and Ketteni, Elena}, doi = {10.1080/1461670X.2023.2184175}, journal-iso = {JOURNALISM STUD}, journal = {JOURNALISM STUDIES}, volume = {1}, unique-id = {33690688}, issn = {1461-670X}, year = {2023}, eissn = {1469-9699}, pages = {1-23}, orcid-numbers = {Maniou, Theodora A./0000-0003-4299-5221; Ketteni, Elena/0000-0002-0889-9204} } @article{MTMT:34091981, title = {A társadalmi felelősségi pontszámok és a működési kockázat kapcsolata kockázati kategóriák szerint}, url = {https://m2.mtmt.hu/api/publication/34091981}, author = {Márkus, Martin}, doi = {10.18414/KSZ.2023.7-8.746}, journal-iso = {KÖZGAZDASÁGI SZEMLE}, journal = {KÖZGAZDASÁGI SZEMLE}, volume = {70}, unique-id = {34091981}, issn = {0023-4346}, abstract = {A társadalmi felelősségi (ESG) pontszámok információt tartalmaznak a vállalatok belső folyamatairól, így ezek kifejezhetik a működési kockázati kezelési képességüket. Jelen tanulmány a különböző működési kockázati kategóriák megjelenésének a gyakoriságát és az okozott kár nagyságát e pontszámok nagyságával és közzétételével magyarázza a kockázati eseményt elszenvedő vállalatok között. Ennek megállapítására Heckman-féle szelekciós, fix hatásos, logisztikus, illetve lineáris regressziós módszereket alkalmaztam az összes, 2012 és 2019 között az Egyesült Államokban tőzsdén jegyzett vállalatnál bekövetkezett működési kockázati eseményre. Az eredmények alapján a magasabb pontszámú vállalatoknál az eszközök fizikai károsodását előidéző események nagyobb eséllyel következnek be, de a károk kisebbek a magasabb felelősségi pontszámú vállalatok esetében, különösen olyan eseményeknél, ahol a helytelen üzletvitel okozta a kárt.* Journal of Economic Literature (JEL) kód: G32, M14, G17.}, year = {2023}, pages = {746-771} } @mastersthesis{MTMT:34878027, title = {Definition and integration of new insights for improving disease surveillance systems}, url = {https://m2.mtmt.hu/api/publication/34878027}, author = {Mehtab, Alam SYED}, doi = {10.13140/RG.2.2.29215.57762}, unique-id = {34878027}, year = {2023} } @article{MTMT:33623174, title = {Does ESG Improve Crisis Resilience? Empirical Evidence of Global Emerging Equity Markets during the Covid-19 Crisis}, url = {https://m2.mtmt.hu/api/publication/33623174}, author = {Naffa, Helena and Dudás, Fanni}, doi = {10.3311/PPso.19147}, journal-iso = {PERIOD POLYTECH SOC MANAG SCI}, journal = {PERIODICA POLYTECHNICA SOCIAL AND MANAGEMENT SCIENCES}, volume = {32}, unique-id = {33623174}, issn = {1416-3837}, abstract = {We examine the role of Environmental, Social, and Governance (ESG) factors in explaining the crisis resilience of 1031 global emerging market (GEM) equities during the Covid-19 crisis downturn of Q1 2020. We use linear and quantile regressions (QR) and find a statistically significant negative relationship between a firm's ESG management score and crisis resilience as proxied by stock maximal drawdown. Our results suggest that companies with better ESG management were less crisis resilient, a finding consistent with agency-theory-based explanations found in the literature. Results are robust across all OLS and QR models.}, year = {2023}, eissn = {1587-3803}, pages = {17-27} } @article{MTMT:33861678, title = {Roles, Obstacles, and Guidelines for Media to Combat Corruption}, url = {https://m2.mtmt.hu/api/publication/33861678}, author = {Suthida, Pattanasrivichian}, journal-iso = {King Prajadhipok's Institute Journal}, journal = {King Prajadhipok's Institute Journal}, volume = {21}, unique-id = {33861678}, issn = {1685-9855}, year = {2023}, eissn = {2730-3896}, pages = {150-176} } @article{MTMT:32838955, title = {The Effect of Corporate Governance Mechanisms on Earnings Management in Malaysian Manufacturing Companies}, url = {https://m2.mtmt.hu/api/publication/32838955}, author = {Al-Zaqeba, Murad Ali Ahmad and S, Abdul Hamid and Ineizeh, Nehad Ibrahim and Hussein, Obada Jebreen and Albawwat, Ala Hussein}, doi = {10.55493/5002.v12i5.4490}, journal-iso = {ASIAN ECONOMIC AND FINANCIAL REVIEW}, journal = {ASIAN ECONOMIC AND FINANCIAL REVIEW}, volume = {12}, unique-id = {32838955}, issn = {2305-2147}, year = {2022}, eissn = {2222-6737}, pages = {354-367}, orcid-numbers = {Al-Zaqeba, Murad Ali Ahmad/0000-0003-0746-912X; S, Abdul Hamid/0000-0001-6945-6848; Ineizeh, Nehad Ibrahim/0000-0002-4388-8586; Hussein, Obada Jebreen/0000-0003-3753-2767; Albawwat, Ala Hussein/0000-0003-1401-131X} } @inproceedings{MTMT:33365143, title = {Challenges in ESG ratings. Understanding ESG rating disagreement and its effects on financial decision making}, url = {https://m2.mtmt.hu/api/publication/33365143}, author = {Dudás, Fanni and Naffa, Helena}, booktitle = {PRIMA Hungary Chapter Research Conferences, 2022}, unique-id = {33365143}, year = {2022}, pages = {18-31} } @inproceedings{MTMT:33365119, title = {The cost of ESG screening strategies in emerging and developed countries}, url = {https://m2.mtmt.hu/api/publication/33365119}, author = {Gergely, Janos Czupy and Naffa, Helena}, booktitle = {PRIMA Hungary Chapter Research Conferences, 2022}, unique-id = {33365119}, year = {2022}, pages = {3-17} } @article{MTMT:33031865, title = {A Study on the Method of Press Freedom Value Assessment Based on Artificial Neural Network}, url = {https://m2.mtmt.hu/api/publication/33031865}, author = {Zhu, Muqing}, doi = {10.1155/2022/7533007}, journal-iso = {WIREL COMMUN MOB COM}, journal = {WIRELESS COMMUNICATIONS & MOBILE COMPUTING}, volume = {2022}, unique-id = {33031865}, issn = {1530-8669}, year = {2022}, eissn = {1530-8677}, pages = {1-10}, orcid-numbers = {Zhu, Muqing/0000-0003-1050-2023} }