TY - JOUR AU - Cegłowski, Bartłomiej AU - Jackowicz, Krzysztof AU - Kozłowski, Łukasz AU - Kuchciak, Iwa TI - Banks, freedom, and political connections: New evidence from around the world JF - JOURNAL OF FINANCIAL STABILITY J2 - J FINANC STABIL VL - November PY - 2024 SP - 101353 SN - 1572-3089 DO - 10.1016/j.jfs.2024.101353 UR - https://m2.mtmt.hu/api/publication/35597325 ID - 35597325 LA - English DB - MTMT ER - TY - JOUR AU - García-Herrero, Alicia TI - What determines global sentiment towards China’s Belt and Road Initiative? JF - ECONOMIC AND POLITICAL STUDIES-EPS J2 - ECON POLIT STUD-EPS VL - - PY - 2024 SP - 1 EP - 19 PG - 19 SN - 2095-4816 DO - 10.1080/20954816.2024.2379671 UR - https://m2.mtmt.hu/api/publication/35201468 ID - 35201468 LA - English DB - MTMT ER - TY - JOUR AU - Ichev, Riste TI - Government Grants and the Impact of Dividend Announcements on Firms’ Stock Price JF - THEORETICAL ECONOMICS LETTERS J2 - THEOR ECON LETT VL - 14 PY - 2024 IS - 03 SP - 951 EP - 961 PG - 11 SN - 2162-2078 DO - 10.4236/tel.2024.143049 UR - https://m2.mtmt.hu/api/publication/35069833 ID - 35069833 LA - English DB - MTMT ER - TY - JOUR AU - Keresztúri, Judit Lilla AU - Berlinger, Edina AU - Lublóy, Ágnes TI - Environmental policy and stakeholder engagement: Incident‐based, cross‐country analysis of firm‐level greenwashing practices JF - CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT J2 - CORP SOC RESPONS ENVIRON MANAGNAG. PY - 2024 PG - 19 SN - 1535-3958 DO - 10.1002/csr.2945 UR - https://m2.mtmt.hu/api/publication/35191682 ID - 35191682 AB - 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. LA - English DB - MTMT ER - TY - JOUR AU - Kladakis, George AU - Skouralis, Alexandros TI - Press Freedom and Systemic Risk JF - SOCIAL SCIENCE RESEARCH NETWORK: SSRN J2 - SOC SCI RES NETW (SSRN) VL - 1 PY - 2024 SP - 1 SN - 1556-5068 DO - 10.2139/ssrn.4810391 UR - https://m2.mtmt.hu/api/publication/35085577 ID - 35085577 LA - English DB - MTMT ER - TY - THES AU - Márkus, Martin TI - Green Choices, Grey Areas. Risk Management and Investor Behavior in the ESG Landscape TS - Risk Management and Investor Behavior in the ESG Landscape PY - 2024 SP - 133 UR - https://m2.mtmt.hu/api/publication/34777249 ID - 34777249 LA - English DB - MTMT ER - TY - GEN AU - My, Nguyen AU - Ama, Samarasinghe AU - Michael, T. Skully TI - Watchdogs or Petdogs. The Role of Media Freedom on Banking System Stability TS - The Role of Media Freedom on Banking System Stability PY - 2024 PG - 44 UR - https://m2.mtmt.hu/api/publication/34854358 ID - 34854358 LA - English DB - MTMT ER - TY - JOUR AU - Nguyen, My AU - Samarasinghe, Ama AU - Skully, Michael TI - Watchdogs or Petdogs: The role of media freedom on banking system stability JF - PACIFIC-BASIN FINANCE JOURNAL J2 - PAC BASIN FIN J VL - 87 PY - 2024 PG - 24 SN - 0927-538X DO - 10.1016/j.pacfin.2024.102499 UR - https://m2.mtmt.hu/api/publication/35366298 ID - 35366298 LA - English DB - MTMT ER - TY - CHAP AU - Naffa, Helena AU - Dudás, Fanni ED - Zlatko, Nedelko ED - Romana, Korez Vide TI - Challenges in ESG Ratings. Understanding ESG Rating Disagreement and Its Effects on Financial Decision Making TS - Understanding ESG Rating Disagreement and Its Effects on Financial Decision Making T2 - Conference Proceedings of the 7th FEB International Scientific Conference: Strengthening Resilience by Sustainable Economy and Business - Towards theSDGs PB - University of Maribor Faculty of Economics and Business CY - Maribor SN - 9789612867362 PY - 2023 SP - 539 EP - 548 PG - 10 UR - https://m2.mtmt.hu/api/publication/33843787 ID - 33843787 LA - English DB - MTMT ER - TY - JOUR AU - Ichev, Riste TI - Reported corporate misconducts: The impact on the financial markets JF - PLOS ONE J2 - PLOS ONE VL - 18 PY - 2023 IS - 2 SP - e0276637 SN - 1932-6203 DO - 10.1371/journal.pone.0276637 UR - https://m2.mtmt.hu/api/publication/33634909 ID - 33634909 AB - 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. LA - English DB - MTMT ER - TY - JOUR AU - Keresztúri, Judit Lilla AU - Berlinger, Edina AU - Lublóy, Ágnes TI - Blowing the whistle on corporate fraud: the role of regulators and journalists in the financial vs non-financial sectors JF - APPLIED ECONOMICS J2 - APPL ECON VL - 55 PY - 2023 IS - 11 SP - 1273 EP - 1284 PG - 12 SN - 0003-6846 DO - 10.1080/00036846.2022.2096872 UR - https://m2.mtmt.hu/api/publication/32992473 ID - 32992473 LA - English DB - MTMT ER - TY - JOUR AU - Ko, Shiu-Ming AU - Lin, Kuo-Hao AU - Wang, Tsung-Li AU - Nguyen, Thi Bao Ngoc TI - Media Coverage and the Incidence of Financial Restatements in Taiwan JF - ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS J2 - ADVANCES IN MANAGEMENT AND APPLIED ECONOMICS VL - 13 PY - 2023 IS - 6 SP - 67 EP - 88 PG - 22 SN - 1792-7544 DO - 10.47260/amae/1364 UR - https://m2.mtmt.hu/api/publication/34091811 ID - 34091811 AB - 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. LA - English DB - MTMT ER - TY - JOUR AU - Maniou, Theodora A. AU - Ketteni, Elena TI - “It’s the Economy, Stupid!”, Is it not? The Relationship between Press Freedom and the Status of the Economy in Western Media Systems JF - JOURNALISM STUDIES J2 - JOURNALISM STUD VL - 1 PY - 2023 SP - 1 EP - 23 PG - 23 SN - 1461-670X DO - 10.1080/1461670X.2023.2184175 UR - https://m2.mtmt.hu/api/publication/33690688 ID - 33690688 LA - English DB - MTMT ER - TY - JOUR AU - Márkus, Martin TI - A társadalmi felelősségi pontszámok és a működési kockázat kapcsolata kockázati kategóriák szerint JF - KÖZGAZDASÁGI SZEMLE J2 - KÖZGAZDASÁGI SZEMLE VL - 70 PY - 2023 IS - 7-8 SP - 746 EP - 771 PG - 26 SN - 0023-4346 DO - 10.18414/KSZ.2023.7-8.746 UR - https://m2.mtmt.hu/api/publication/34091981 ID - 34091981 AB - 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. LA - Hungarian DB - MTMT ER - TY - THES AU - Mehtab, Alam SYED TI - Definition and integration of new insights for improving disease surveillance systems PY - 2023 SP - 119 DO - 10.13140/RG.2.2.29215.57762 UR - https://m2.mtmt.hu/api/publication/34878027 ID - 34878027 LA - English DB - MTMT ER - TY - JOUR AU - Naffa, Helena AU - Dudás, Fanni TI - Does ESG Improve Crisis Resilience? Empirical Evidence of Global Emerging Equity Markets during the Covid-19 Crisis JF - PERIODICA POLYTECHNICA SOCIAL AND MANAGEMENT SCIENCES J2 - PERIOD POLYTECH SOC MANAG SCI VL - 32 PY - 2023 IS - 1 SP - 17 EP - 27 PG - 11 SN - 1416-3837 DO - 10.3311/PPso.19147 UR - https://m2.mtmt.hu/api/publication/33623174 ID - 33623174 AB - 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. LA - English DB - MTMT ER - TY - JOUR AU - Suthida, Pattanasrivichian TI - Roles, Obstacles, and Guidelines for Media to Combat Corruption JF - King Prajadhipok's Institute Journal J2 - King Prajadhipok's Institute Journal VL - 21 PY - 2023 IS - 1 SP - 150 EP - 176 PG - 27 SN - 1685-9855 UR - https://m2.mtmt.hu/api/publication/33861678 ID - 33861678 LA - Thai DB - MTMT ER - TY - JOUR AU - Al-Zaqeba, Murad Ali Ahmad AU - S, Abdul Hamid AU - Ineizeh, Nehad Ibrahim AU - Hussein, Obada Jebreen AU - Albawwat, Ala Hussein TI - The Effect of Corporate Governance Mechanisms on Earnings Management in Malaysian Manufacturing Companies JF - ASIAN ECONOMIC AND FINANCIAL REVIEW J2 - ASIAN ECONOMIC AND FINANCIAL REVIEW VL - 12 PY - 2022 IS - 5 SP - 354 EP - 367 PG - 14 SN - 2305-2147 DO - 10.55493/5002.v12i5.4490 UR - https://m2.mtmt.hu/api/publication/32838955 ID - 32838955 LA - English DB - MTMT ER - TY - CHAP AU - Dudás, Fanni AU - Naffa, Helena ED - Keresztúri, Judit Lilla ED - Dömötör, Barbara Mária TI - Challenges in ESG ratings. Understanding ESG rating disagreement and its effects on financial decision making TS - Understanding ESG rating disagreement and its effects on financial decision making T2 - PRIMA Hungary Chapter Research Conferences, 2022 PB - Befektetések és Vállalati Pénzügyi Tanszék Alapítványa CY - Budapest SN - 9786158064279 PY - 2022 SP - 18 EP - 31 PG - 14 UR - https://m2.mtmt.hu/api/publication/33365143 ID - 33365143 LA - English DB - MTMT ER - TY - CHAP AU - Gergely, Janos Czupy AU - Naffa, Helena ED - Keresztúri, Judit Lilla ED - Dömötör, Barbara Mária TI - The cost of ESG screening strategies in emerging and developed countries T2 - PRIMA Hungary Chapter Research Conferences, 2022 PB - Befektetések és Vállalati Pénzügyi Tanszék Alapítványa CY - Budapest SN - 9786158064279 PY - 2022 SP - 3 EP - 17 PG - 15 UR - https://m2.mtmt.hu/api/publication/33365119 ID - 33365119 LA - English DB - MTMT ER - TY - JOUR AU - Zhu, Muqing TI - A Study on the Method of Press Freedom Value Assessment Based on Artificial Neural Network JF - WIRELESS COMMUNICATIONS & MOBILE COMPUTING J2 - WIREL COMMUN MOB COM VL - 2022 PY - 2022 SP - 1 EP - 10 PG - 10 SN - 1530-8669 DO - 10.1155/2022/7533007 UR - https://m2.mtmt.hu/api/publication/33031865 ID - 33031865 LA - English DB - MTMT ER -