George Kladakis

Edinburgh Napier University · The Business School

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 quality) with rating disagreements between issuer-specific ratings by three credit rating agencies (S&P, Moody’s and Fitch). Results from panel ordered logit regressions show...

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 liquidity creation is negatively associated with the number of ratings purchased by the bank, and that capital can positively moderate this relationship, allowing banks that obtain...

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 future problems. Yet, banks need to perform one of their main functions in the economy, which is creating liquidity. This raises the question: does greater regulation and superv...

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 that asset-side liquidity creation is consistently negatively associated with short-term wholesale funding, but not with long-term wholesale funding. Our results suggest that th...

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 authors use an international data set of banks and panel regressions. For robustness purposes, the authors use multiple measures of both societal trust and bank opacity as well as...

Ethics in finance and in banks have attracted increasing attention after the global financial crisis of 2007–2009. Although engagement in more ethical activities for banks has been a legitimate social expectation, the impact of it on the financial performance appears to be unclear. We examine whether ethics-related disclosures can help banks create...

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 stock market in modelling tourism inflow. Using 43 European countries over the period 1994-2019, we demonstrate that demand-side wealth effect as inferred from the Morgan Stanley...

Abstract 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 identify the level of managerial concern about specific financial issues and potential economic costs of the COVID-19 pandemic. Design/methodology/approach This paper...