New issue of the Risk Governance and Control: Financial Markets & Institutions journal

The editorial team of Virtus Interpress is delighted to introduce the second issue of the journal Risk Governance and Control: Financial Markets & Institutions in 2021 (volume 11, issue 2). This issue is presented by scholars from Sweden, Italy, Tunisia, Lithuania, Greece and China.

The issue analyses such key topics as human capital, structural capital, efficiency, financial performance, stock market performance, variance decomposition, liquidity, liquidity spillovers, market connectedness, corporate social responsibility, firm performance, SCVPS, state-owned firms, IFRS 9, corporate finance, credit rating agencies, financial markets and institutions, dynamic equicorrelation, entropy, market sectors, investors’ risks and returns, etc.

The full issue of the journal is available at the following link.

The first paper by Noomen Chaabane aims to review, analyse, and provide empirical evidence about the impact of the intellectual capital (IC) characteristics on the firm performance on listed 26 companies in Tunisian Stock Exchange for the years 2010–2019. The author argues that even though human capital is a critical component in the knowledge economy, investors do not take into account its importance.

Linas Jurkšas, Deimantė Teresienė, and Rasa Kanapickiene are investigating the cross-market linkages. The authors’ findings should be of particular interest to bond market investors, risk managers, and analysts who try to scrutinize the liquidity and price transmission mechanism of sovereign bonds in their portfolios.

Then, Simon Man Shing So is focusing on the ownership issue and its impact on value per share in relation to environmental protection standards.

Enrico Geretto, Maurizio Polato,and Laurence Jones, using a DSCR-based dual-leg approach, try to propose a generalisation logically consistent with the guidelines on loan origination and monitoring recently expressed by the European Banking Authority (EBA).

The study by Ola Nilsson investigates whether legislative pressure influences credit rating agency (CRA) behavior. The author stresses the argument that legislators’ push for changes in this context is that they want to see a faster flow of information from the Credit Rating Agencies (CRAs) but they receive even less information than before due to the risk-averse mentality of CRAs.

Finaly, Athanasios Noulas, Ioannis Papanastasiou, and Simeon Papadopoulos empirically examine the behavior of seven sectors (markets) namely: industry-services, emporium, construction, petroleum, telecommunications, food-beverages, and banks.

We hope that you will enjoy reading this issue!