Aref Mahdavi Ardekani

• Ph.D. in Financial Economics
• Professor (Assistant) at Dublin City University

Purpose While previous literature has emphasized the causal relationship from liquidity to capital, the impact of interbank network characteristics on this relationship remains unclear. By applying the interbank network simulation, this paper aims to examine whether the causal relationship between capital and liquidity is influenced by bank positio...

We present EconSentGPT, an economic sentiment prediction model based on a fine-tuned version of the recently-launched artificial intelligence language model, ChatGPT. To assess the model's effectiveness, we analyze a sample of US economic news and a multi-language dataset of European Central Bank Monetary Policy Decisions. Our findings demonstrate...

This paper explores the short-term impact of borrowing via lending-based crowdfunding on performance and health of small and medium enterprises (SMEs) in France. We find that firms borrowing from lending-based crowdfunding platforms are more dynamic (higher asset growth and higher profitability) and innovative, but they have lower leverage, less ca...

By applying the interbank network simulation, this paper examines whether the causal relationship between the capital and liquidity is influenced by bank positions in the interbank network. While existing literature highlights the causal relationship that moves from liquidity to capital, how the interbank network characteristics affect this relatio...

By applying interbank network simulation, this paper investigates the impact of interbank network topology on bank liquidity ratios. Whereas regulators have put more emphasis on liquidity requirements since the global financial crisis of 2007–2008, how differently shaped interbank networks affect individual bank liquidity behavior remains an open i...

This paper investigates whether interbank network topology influences the impact of monetary policy announcements on bank cumulative abnormal returns (CAR's). Although recent studies have emphasized the channels of non-conventional monetary policy actions and the sensitivity of bank stock prices to "News", how such reaction could be influenced by t...

By applying interbank network simulation, this paper investigates the impact of interbank network topology on bank liquidity ratios. Whereas regulators have put more emphasis on liquidity requirements since the global financial crisis of 2007-2008, how differently shaped interbank networks affect individual bank liquidity behavior remains an open i...

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This study has examined the IPO performance in Malaysia from 2007 to 2010. Results show that under-pricing exists in the first day of trading during the particular period, but results show that the degree of under-pricing is dramatically decreased in comparison with what is shown in previous studies. Empirical findings also show that none of return...

The purpose of this study was to examine the relationship between dividend policy and share price volatility with a focus on consumer product companies listed in Malaysian stock market. For this purpose, a sample of 84 companies from 142 consumer product companies listed in main market of Bursa Malaysia were selected and the relationship between sh...

This paper examined the relationship between earnings management and performance of acquiring firms in Malaysia during period of 2004-2010. Earnings management measured by discretionary accruals derived from modified Jones model and firm’s performance estimated by monthly Cumulative Abnormal Return. Firms are selected from both listed cash and shar...

This study examines the impacts of interest rate on banks’ return in 14 international markets. This research covers seven financial ratios as dependent variables as well as the return of the bank. Moreover, size of the banks is a control variable. The sample of data is from 2001 until the end of 2010 and all the ratios collected annually. LM and Ha...

The legal framework of the Islamic banking and finance in Malaysia is subject to the Civil law. Since the Federal Constitution has clearly provided that matters pertaining to banking and finance including the Islamic ones lie strictly at the Civil Court, the Shari’a Court has been ousted from hearing the matters. The Ninth Schedule, Item 1, List II...