BITCOIN: IS IT AN ALTERNATIVE FOR THE STOCK EXCHANGES? A COMPARATIVE PANEL DATA ANALYSIS FOR THE FAR EAST ASIAN COUNTRIES AND TURKEY UNDER THE CROSS-SECTIONAL DEPENDENCE

This study investigates the determinants of audit report lag (ARL) for a sample of banks. Researchers have been interested in the determinants of ARL, in part, because it impacts the timeliness of public disclosures. However, prior ARL research has relied exclusively on regression analysis of cross-sectional samples of companies from many industries. In addition to focusing exclusively on banks, panel data analysis is introduced and compared with cross-sectional analysis to demonstrate its power in dynamic settings and its potential to improve estimation. Results reveal important differences between cross-sectional analysis and panel data analysis. First, bank size is negatively related to ARL in cross-section but positively related to ARL using panel data analysis. The cross-sectional size estimate is subject to omitted variables bias, and furthermore, cross-sectional analysis fails to capture variation in size over time in relation to ARL. Panel data analysis both accounts for omitted variables and captures the dynamics of the relationship between size and ARL. As well, the panel data model's explanatory power far exceeds that of the cross-sectional model. This is primarily due to the panel model's use of firm-specific intercepts that both capture the role of reporting tradition and eliminate heterogeneity bias. Thus, panel data analysis proves to be a powerful tool in the analysis of ARL.

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Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

Asian Social Science ◽

10.5539/ass.v12n3p14 ◽

2016 ◽

Vol 12 (3) ◽

pp. 14

Author(s):

Wan Sallha Yusoff ◽

Mohd Fairuz Md. Salleh ◽

Azlina Ahmad ◽

Norida Basnan

Keyword(s):

Data Analysis ◽

Panel Data ◽

Firm Value ◽

Financial Stability ◽

Panel Data Analysis ◽

Location Decisions ◽

Asian Countries ◽

Diversification Strategies ◽

The Stability ◽

Southeast Asian Countries

<p>This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. Overall, this paper suggests that in order to diversify globally, it is necessarily for the manager in the guest country to evaluate and fully understand the host country’s geopolitical situation and its financial stability.</p>

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Causal relationship between trade openness, economic growth and energy consumption: A panel data analysis of Asian countries

Energy Policy ◽

10.1016/j.enpol.2014.02.009 ◽

2014 ◽

Vol 69 ◽

pp. 82-91 ◽

Cited By ~ 118

Author(s):

Samia Nasreen ◽

Sofia Anwar

Keyword(s):

Economic Growth ◽

Energy Consumption ◽

Data Analysis ◽

Panel Data ◽

Causal Relationship ◽

Panel Data Analysis ◽

Trade Openness ◽

Asian Countries

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Investigating the Lee thesis: how bad is democracy for Asian economies?

European Political Science Review ◽

10.1017/s1755773910000214 ◽

2010 ◽

Vol 2 (3) ◽

pp. 451-473 ◽

Cited By ~ 8

Author(s):

Carl Henrik Knutsen

Keyword(s):

Economic Growth ◽

Data Analysis ◽

Panel Data ◽

Primary School ◽

Growth And Development ◽

Panel Data Analysis ◽

Asian Countries ◽

Average Effect ◽

Economic Growth And Development ◽

Asian Context

This paper discusses the hypothesis that democracy hurts economic growth and development, also known as the Lee thesis, and discusses why one could expect dictatorship to be particularly beneficial for growth in the Asian context. Three general theoretical arguments in support of the Lee thesis are then presented. However, the empirical results, based on panel data analysis on more than 20 Asian countries, do not support the hypothesis that dictatorship increases economic growth in Asia. There is no significant, average effect of democracy on growth. Asian dictatorships do invest a larger fraction of their GDP than democracies, but they are worse at generating high enrollment ratios in education after primary school.

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Financing structure of portuguese start-ups

Risk Governance and Control Financial Markets & Institutions ◽

10.22495/rgc7i4c1art5 ◽

2017 ◽

Vol 7 (4-1) ◽

pp. 135-147

Author(s):

Liliana Raquel R. Silva ◽

Luís M. P. Gomes

Keyword(s):

Data Analysis ◽

Panel Data ◽

Financial Crisis ◽

Panel Data Analysis ◽

Financial Structure ◽

Cross Sectional ◽

Legal Form ◽

Financing Structure ◽

Creative Solutions ◽

Start Ups

The context where the companies operate has become more challenging given the binomial competitiveness and financial crisis. Market imbalances are an opportunity to explore creative solutions that characterize Start-Ups’ profiles. However, its innovative character carries risks that determine major funding difficulties. This way this article aims to investigate the influence of a set of variables in the composition of the financial structure of Portuguese Start-Ups. The methodology used is based on a cross-sectional data, integrating multivariate regressions (Logit, Tobit, and OLS), enriched by panel data analysis. The results show that company’s size, assets structure and legal form are statistically relevant.

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DETERMINANTS OF SERVICE EXPORT IN SELECTED DEVELOPING ASIAN COUNTRIES

International Journal of Business and Society ◽

10.33736/ijbs.549.2017 ◽

2017 ◽

Vol 18 (1) ◽

Cited By ~ 2

Author(s):

Siti Aisah Ahmad ◽

Shivee Ranjanee Kaliappan ◽

Normaz Wana Ismail

Keyword(s):

Developing Countries ◽

Data Analysis ◽

Panel Data ◽

Direct Investment ◽

Panel Data Analysis ◽

Value Added ◽

Annual Data ◽

Asian Countries ◽

Asian Developing Countries ◽

Service Export

This paper attempts to empirically examine the determinants of service export in selected developing Asian countries (China, Hong Kong, South Korea, India, Iran, Indonesia, Malaysia, Philippines, Singapore, Thailand, Kuwait, Saudi Arabia and Turkey). The study conducted a static linear panel data analysis on annual data covering the period of 1985-2012. The main finding indicates that exchange rate, foreign income, foreign direct investment (FDI), the value added by services and communication facilities are likely to influence services exports in the selected developing Asian countries. This suggests that these countries have the opportunity to compete globally by exporting services, provided that they are able to exploit and enhance their potential by focusing on the significant and relevant indicators. Keywords: Services Exports; Asian Developing Countries; Panel Data.

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