Coronavirus Information Spread and Banks’ Stock Returns in Nigeria: An Event Study Approach |
Author : Ikwuagwu, Henry Chinedu, Efanga, Udeme Okon, Kingsley Nwagu, Ihemeje J.C. |
Abstract | Full Text |
Abstract :This research study empirically assessed the corona virus information spread and banks’ stock returns in Nigeria. The study adopted event study approach which suites the research because of its descriptive nature. The daily data of closing share prices of the selected banks listed in Nigerian Stock Exchange (NSE) was collected from NSE website for a period of 146 days. Using 124 days estimation window, the result shows that the Intercept (C) and Market Returns (MKTR) has a coefficient of -0.00125 and -0.00848 respectively. Analyzing the stock of commercial banks in the Nigerian stock exchange during the first 100 days of COVID-19 contagious infectious disease outbreak in Nigeria, we find that the pandemic disease interacts positively with stock returns which is against the expectation. Specifically, banking firms’ abnormal returns on the corona virus information spread at 100th day are positive but insignificant. We therefore conclude that COVID-19 information into the Nigerian banking sector triggers positive investment in the sector with desirable abnormal returns. We therefore call the relevant authorities to adequately consider policy responses implemented in the sector, and to further analyze information about the COVID-19. |
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Impacts of Covid-19 Outbreak in Mental Health of Physicians and Nurses |
Author : Leonardo Maso Nassar, Lisa Wolf, Jorge Luis Sánchez Arevalo |
Abstract | Full Text |
Abstract :COVID-19 was a disease emerged in China and quickly became a pandemic. The pandemic has put health professionals under strong pressure. This situation can cause perpetual damage to mental health. Objective: the objective of the study was to conduct a scooping review to investigate the studies already produced on COVID-19 s mental impacts on physicians and nurses. Methodology: the mnemonic population, concept and context of the Joanna Briggs Institute was used for a scooping review. Results: two studies carried out in China and three letters to the editors were found addressing mental problems in physicians and nurses. Conclusion: despite being a recent disease, COVID-19 already demonstrates impacts on the mental health of physicians and nurses. Although the articles were made in China, reports from other countries suggest that physicians and nurses around the world are mentally impacted by work during the pandemic, with relates of suicides ideation and suicide cases among nurses in Italy, in England, in USA, in Mexico and in India. |
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Capital Structure and Financial Returns: Longitudinal Panel Evidence from NReits |
Author : Njideka Maryclara Aguome, Oluchi Adeline Diala, Chicheta Francis Nissi |
Abstract | Full Text |
Abstract :The study is an investigation of the nexus between capital structure and financial returns. The investigation was conducted on panel data of all real estate investment trusts in Nigeria (N-REITs) listed in the Nigerian Stock Exchange from 2009 to 2020. The independent variable was capital structure indicators of short-term debt, long-term debt, and total debt. The dependent variable was proxied using 3 accounting measures of return on asset, return on equity, and earnings per share. Data was sourced from secondary sources, specifically from the annual records and financial statements of N-REITs for the period. Upon data analysis with regression, the study found that capital structure had an insignificant relationship with the financial returns of N-REITs. However, for Sky Shelter Fund REIT, the result was contrary due to its statistically significant positive relationship between capital structure and returns. The findings of the study on the means, median, and standard deviation of NREIT capital structures show compliance with the pecking-order hypothesis of firm financing. |
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Restructuring of Electric Power Sector: The Transition from Monopoly to Competitive Market Conditions |
Author : Dario Maradin |
Abstract | Full Text |
Abstract :The electric power sector is facing comprehensive changes reflected in the reorganization of the entire market, in the economic relations management, and the technical and technological functioning of companies. The changes are in fact a consequence of various restructuring processes in the electric power sector, which are parallelly unfolding depending on the course and dynamics of the implementation of the structural reform. In the electric power industry, these processes primarily involve liberalization, namely, opening the market to all business entities, and thus introducing competition to the electric power market. The establishment of competition in the electric power industry is facilitated by the process of vertical unbundling of electric power activities, which can be divided into market-oriented and regulated activities. The purpose of this paper is to present the structural reforms and processes of restructuring the electric power industry which is transforming from monopoly market structures to competitive market conditions. |
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The Influence of Corporate Governance Mechanism, Accounting Conservatism, And Company Size on Earnings Quality |
Author : Wiwik Pratiwi, Trisha Pralita |
Abstract | Full Text |
Abstract :This research aims to provide empirical evidence on the influence of corporate governance mechanism (audit committee, independence board of commissioner, institutional ownership, managerial ownership), accounting conservatism, and company size on earnings quality.
Sample used in this research are manufacturing company listed in Indonesia Stock Exchange (IDX) in 2016-2018 using purposive sampling and obtained 29 companies. This research used secondary data of annual report or financial statement obtained from Indonesia Stock Exchange (IDX) or company website in 2016-2018 period. Data were analyzed using multiple regression method.
The finding of this research are institutional ownership and managerial ownership partially has positive significant effect to earnings quality. The accounting conservatism and company size partially has negative significant effect to earnings quality. Whether the audit committee and independence board of commissioner has no significant effect to earnings quality. In addition, corporate governance mechanism, accounting conservatism and company size simultaneously has a significant effect to earnings quality. |
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The MAFIOTISMUS” And “Financially Banking Resource-Based Technological Mafia-Driven MATERIALISMUS” Of Prof. Momtchil Dobrev - The Ideologies of the Deep State |
Author : Lord Prof. PhD Momtchil Dobrev-Halachev, Lady Prof. Mariola Garibova- Dobreva |
Abstract | Full Text |
Abstract :Lord prof PhD Momtchil Dobrev-Halachev developed 2010 “Financially banking resource-based technological mafia-driven materialism” as a based principle materialismus since more than 17 century.08 “Theory of generating of crises”, 2010 “Theory and praxice of the Mafiotismus ”And 2001“ Theory of the mafia ”. Based on these two theories this paper explains the establishment of mafiotismus all over the world - principles, theory and praxis we prove with the guiding article that these are the ideologies of the Deep State. |
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