Credit rating downgrades and systemic risk
Journal Article
Kladakis, G., & Skouralis, A. (2024)
Credit rating downgrades and systemic risk. Journal of International Financial Markets, Institutions and Money, 90, Article 101902. https://doi.org/10.1016/j.intfin.2023.101902
We examine whether changes in issuer credit ratings by the three main providers are associated with changes in systemic risk. First, we find that rating downgrades result in a...
Origin Region Wealth Effect and Inbound Tourism to Europe
Journal Article
Adamolekun, G., & Kladakis, G. (in press)
Origin Region Wealth Effect and Inbound Tourism to Europe. Tourism Analysis, https://doi.org/10.3727/108354223x16951532650252
Despite the role of wealth in modelling the propensity to consume luxurious goods and services, the literature has so far neglected the role of wealth as inferred from the sto...
Societal trust and bank opacity
Journal Article
Kladakis, G., Bellos, S. K., & Skouralis, A. (2023)
Societal trust and bank opacity. Journal of Financial Regulation and Compliance, 31(5), 770-783. https://doi.org/10.1108/jfrc-05-2023-0073
Purpose
This paper aims to examine the relationship between societal trust and bank asset opacity using an international sample of banks.
Design/methodology/approach
The auth...
Wholesale funding and liquidity Creation
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2022)
Wholesale funding and liquidity Creation. Review of Quantitative Finance and Accounting, 59, 1501-1524. https://doi.org/10.1007/s11156-022-01081-9
We examine the relationship between wholesale funding and liquidity creation using a sample of 825 banks in 84 countries during the post-crisis period of 2010–2020. We find th...
Bank Regulation, Supervision and Liquidity Creation
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2022)
Bank Regulation, Supervision and Liquidity Creation. Journal of International Money and Finance, 124, Article 102629. https://doi.org/10.1016/j.jimonfin.2022.102629
The exposures of the banking system during the global financial crisis of 2007–2009 alerted regulators who strengthened their regulation and supervision of banks to prevent fu...
Multiple credit ratings and liquidity creation
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2022)
Multiple credit ratings and liquidity creation. Finance Research Letters, 46(A), Article 102313. https://doi.org/10.1016/j.frl.2021.102313
We examine the relationship between multiple credit rating purchases by banks and liquidity creation using a diverse sample of 486 banks from 71 countries. We show that liquid...
Corporate liquidity, supply chain and cost issues awareness within the Covid-19 context: evidence from US management reports’ textual analysis
Journal Article
Fassas, A., Bellos, S., & Kladakis, G. (2021)
Corporate liquidity, supply chain and cost issues awareness within the Covid-19 context: evidence from US management reports’ textual analysis. Corporate governance : the international journal of business in society, 21(6), 1155-1171. https://doi.org/10.1108/cg-09-2020-0399
Purpose
The purpose of this study is to assess the management responses and intentions of 3,279 US firms from all industries, before and after the coronavirus outbreak, to ide...
Bank asset and informational quality
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2020)
Bank asset and informational quality. Journal of International Financial Markets, Institutions and Money, 69, https://doi.org/10.1016/j.intfin.2020.101256
We examine the relationship between bank asset and informational quality. We use a diversified panel of 699 banks from 84 countries and measure opacity (lack of informational ...