The impact of financial flexibility and directors’ academic experience on corporate R&D investments: a quantile regression approach

2021 ◽  
pp. 1-15
Author(s):  
Chai Feng ◽  
Sultan Sikandar Mirza ◽  
Tanveer Ahsan ◽  
Ammar Ali Gull
Keyword(s):  
Quantile Regression ◽  
Academic Experience ◽  
Financial Flexibility ◽  
Regression Approach ◽  
The Impact

scholarly journals Determinants of household income of micro-finance women participants: a quantile regression approach

2020 ◽  
Vol 1 (1) ◽  
pp. 63-74
Author(s):  
Jarita Duasa ◽  
Nur Hidayah Zainal
Keyword(s):  
Quantile Regression ◽  
Capita Income ◽  
Per Capita Income ◽  
Content Type ◽  
Income Distributions ◽  
Asset Value ◽  
Regression Approach ◽  
Convenience Sampling ◽  
Per Capita ◽  
The Impact

Purpose The purpose of this study is to adopt quantile regression to investigate the impact of several factors on per capita income of participants of micro-financing scheme (Amanah Ikhtiar Malaysia [AIM]), who are mostly women at different point on the income distributions. Design/methodology/approach This study uses data collected from a survey on respondents who are the participants of AIM program using convenience sampling in Perak and Kelantan. Findings The empirical results show that the value of asset, value of loan, household size, ratio of spending to income and dummy state are consistently giving similar impacts on per capita income of participants at different quantiles. Originality/value However, age negatively and significantly affects per capita income only at middle and lower quantiles but not at higher quantile of per capita income.

scholarly journals Debt Overhang, Gazelles’ Growth, and Fiscal Policy: A Note from the Quantile Regression Approach

2021 ◽  
Vol 13 (18) ◽  
pp. 10457
Author(s):  
Sorin Gabriel Anton ◽  
Mihaela Onofrei ◽  
Emilia Gogu ◽  
Bogdan Constantin Neculau ◽  
Florin Mihai
Keyword(s):  
Fiscal Policy ◽  
Quantile Regression ◽  
Firm Growth ◽  
Tax Rates ◽  
Lower Growth ◽  
Effective Tax Rates ◽  
Debt Overhang ◽  
Regression Approach ◽  
Negative Effect ◽  
The Impact

The paper aims to examine the relationship between leverage and firm growth and the impact of fiscal policy on this relationship using a panel data quantile regression approach. Employing a sample of gazelles from emerging Europe for the 2006–2014 period, we find that debt overhang negatively affects firm growth only for the lower growth quantiles. In addition, we found that the negative effect is higher for the gazelles located in countries with lower corporate income effective tax rates. However, for the higher growth quantiles, the impact of debt on firm growth is positive and statistically significant. Our results reconcile the mixed results of the previous studies and have practical implications for financing strategies in emerging markets.

scholarly journals Capital Structure and Bank Profitability in Vietnam: A Quantile Regression Approach

2020 ◽  
Vol 13 (8) ◽  
pp. 168 ◽  
Author(s):  
Tu D. Q. Le ◽  
Dat T. Nguyen
Keyword(s):  
Capital Structure ◽  
Quantile Regression ◽  
Banking System ◽  
Capital Requirements ◽  
Bank Capital ◽  
Bank Profitability ◽  
Continuous Increase ◽  
Regression Approach ◽  
The Impact ◽  
Quantile Regression Method

We empirically investigate the impact of capital structure on bank profitability using a quantile regression method in the Vietnamese banking system during 2007–2019. Our results suggest that the nonlinear relationship between capitalization and bank profitability is only significant at the 90th quantile. This is the first study to conclude that the turning point of capital ratio increases throughout the profitability distribution. Our findings thus suggest that a continuous increase in bank capital requirements does not necessarily result in higher bank profitability.

scholarly journals Environmental, Social, Governance Risk and Corporate Sustainable Growth Nexus: Quantile Regression Approach

2021 ◽  
Vol 18 (20) ◽  
pp. 10865
Author(s):  
Xiaodong Teng ◽  
Yanzhi Wang ◽  
Aiguo Wang ◽  
Bao-Guang Chang ◽  
Kun-Shan Wu
Keyword(s):  
Quantile Regression ◽  
Negative Relationship ◽  
Ordinary Least Squares ◽  
Sustainable Growth ◽  
Detailed Knowledge ◽  
Course Of Action ◽  
Regression Approach ◽  
Negative Effect ◽  
Sustainable Growth Rate ◽  
The Impact

Despite a huge body of literature revealing that the effect of environmental, social and governance (ESG) scores on a firms' financial performance and value, it lacks the empirical research on the nexus between corporate sustainable growth and ESG risk in the existing research. The paper aims to examine the nexus between ESG risk and corporate sustainable growth. This study utilizes a quantile regression approach to explore how ESG risk affects corporate sustainable growth (proxied by sustainable growth rate, SGR). The ordinary least squares estimation results confirm that ESG significantly negatively affects corporate sustainable growth. The quantile regression results reveal ESG risk has a significant negative effect on corporate sustainable growth in the upper quantiles of SGR, but not in the lower and median quantiles. The results show that the impact of ESG risk on the corporate sustainable growth is asymmetric and affected by the distribution of SGR. Furthermore, the research results identify that the negative relationship between ESG risk and corporate sustainable growth is particularly apparent for firms in environmentally sensitive industries. This study greatly contributes to existing literature, as with this detailed knowledge, managers can make decisions based on these associations and identify the most lucrative course of action.

scholarly journals THE IMPACT OF TOURISM UNCERTAINTY ON AIRLINE STOCK MARKETS IN KOREA: A QUANTILE REGRESSION APPROACH

2021 ◽  
Vol 22 (4) ◽  
pp. 923-939
Author(s):  
Ji-Hong Jeon
Keyword(s):  
Quantile Regression ◽  
Stock Prices ◽  
Stock Markets ◽  
Disease Outbreaks ◽  
Terrorist Attacks ◽  
Policy Uncertainty ◽  
Regression Approach ◽  
Using Data ◽  
The Impact ◽  
Global Travel

This study explores the impact of tourism uncertainty, including economic policy uncertainty (EPU) and travel crises arising from issues such as terrorism and disease outbreaks, on airline stock markets in Korea. Airline stock prices are particularly affected by tourism uncertainty. Using data from 2001–2018 and events influencing tourism uncertainty such as the 9/11 terrorist attacks and severe acute respiratory syndrome, quantile regression approach reveals how EPU influences airline stock prices in Korea during three market phases – bearish, normal, and bullish. EPU and travel crises negatively affect airline stock prices in Korea. Specifically, we document that higher EPU and more global travel crises lead to deeper reductions in stock prices in bullish markets. These results provide implications and insights for airline investors, stakeholders, and organizations concerned about the influence of tourism uncertainty on airline stock prices in Korea.

scholarly journals The impact of natural amenity on farmland values: A quantile regression approach

2013 ◽  
Vol 33 ◽  
pp. 151-160 ◽  
Author(s):  
Hiroki Uematsu ◽  
Aditya R. Khanal ◽  
Ashok K. Mishra
Keyword(s):  
Quantile Regression ◽  
Regression Approach ◽  
Farmland Values ◽  
The Impact ◽  
Natural Amenity
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