Iftekhar Hasan's research while affiliated with Fordham University and other places

... 5. In unreported tests, we use two-way clustering by firm and year, following Chen et al. (2021), and our results remain intact. ...

... Empirical evidence supports that agents from high social capital environments are less opportunistic (Ang et al., 2015;Hasan et al., 2017;Lin & Pursiainen, 2018), and they are more trusting on others (Guiso et al., 2008;Bottazzi et al.,. 2016;Hasan et al., 2021). ...

... A key consideration will be the role of financial intermediaries (banks and financial institutions that accept transferable deposits) in strengthening the links between resource allocation, economic efficiency and environmental sustainability. Among other roles, the financial intermediary sector mobilizes savings and allocates these savings to other economic entities (Abrar et al., 2021;Umar et al., 2021). In theory, the composition of investment and consumption demand in the economy changes as financial resources are withdrawn from the surplus units to finance productive sectors (Umar et al., 2021;Wen et al., 2021;Zhang et al., 2021). ...

... The choice of using RE for panel data analysis is because the main variable of interest of IW (Islamic Windows) is a rarely changing variable or relatively time-invariant variable. The use of fixed effects, in this case, is inappropriate (Arifin, Hasan, & Kabir, 2020;Doumpos, Hasan, & Pasiouras, 2017). The coefficient of β_1become the main focus; if the β_1 significant, it implies that Islamic windows' stability differs from their full-fledged counterparts. ...

... Ambrocio et al. (2020) survey 149 leading academic researchers on bank capital regulation and find that the vast majority believe that an increase in capital regulation would translate to a higher cost of bank lending. ...

... El capital social se refiere a los recursos reales y disponibles que se generan por la interacción de individuos que crean redes o lazos (Nahapiet y Ghoshal, 1998;Nappi, 2014). Para comprender mejor la forma como el liderazgo compartido influye en el desempeño empresarial, es pertinente analizar el rol mediador que puede ejercer el capital social en dicha relación, ya que cuando se comparten las responsabilidades del liderazgo hay unos efectos producidos por esta interacción, como la cohesión, la confianza, el compromiso y la cognición de equipo, que favorecen el desarrollo del capital social, el cual a su vez puede influir directamente en los resultados de la empresa (Hasan, He y Lu, 2020). En esencia, cuando se implementa el liderazgo compartido en los equipos directivos, aumenta la colaboración y la coordinación, por lo que se crea un lenguaje compartido y que fortalece las relaciones del equipo con todos los colaboradores, de tal forma que se fortalece a su vez el capital social de la organización. ...

... In their study, Al-Awadhi et al. (2020) demonstrate that the daily COVID-19 confirmed cases and total cases of death interacts negatively with stock returns for all companies on the Chinese stock market. Goodel et al. (2020) examine the comovement of Bitcoin with daily COVID-19 world deaths. They find that level of COVID-19 world deaths cause a growth in Bitcoin prices. ...

... A 100-basis point decrease in GDP growth decreases loan granting by lowly capitalized banks by 3.4 percent more than by highly capitalized banks, and by 1.6 percent more by lowly than by highly liquid banks (the latter difference is not statistically significant, however). 15 Hence, the change in the interest rate for the bank lending channel has a much larger differential impact in this case on loan granting than a similarly sized change in GDP growth (recall that their standard deviations were both close to 100 basis points), though the effect goes especially through bank liquidity. ...

... These insights have been complemented by studies that examine CSR's influence on profits at the firm level. For instance, hasan et al. (2018) emphasise how CSR enhances a firm's competitive advantage and can create shareholder value (see also Lins et al. 2017;hasan et al. 2019). Likewise, Albuquerque et al. (2019) have explored how the implementation of CSR can be used as a marketing and showcasing strategy to signal product differentiation. ...

... In frictionless environment, firms deemed more financially flexible. Constructive environment, favourable policies by making external funding more reliant, ensures quick and cost-effective adjustment of financial structure (Denis 2011;Gu et al. 2019). Reversely, volatile market environment, strict regulations, underdeveloped capital market constraints external funding, forcing the firms to rely more on internal funds. ...