All Outputs (4)

Credit rating downgrades and systemic risk (2023)
Journal Article
Kladakis, G., & Skouralis, A. (2024). Credit rating downgrades and systemic risk. Journal of International Financial Markets, Institutions and Money, 90, Article 101902. https://doi.org/10.1016/j.intfin.2023.101902

We examine whether changes in issuer credit ratings by the three main providers are associated with changes in systemic risk. First, we find that rating downgrades result in an increase in bank systemic risk, whereas upgrades do not proportionally re... Read More about Credit rating downgrades and systemic risk.

Origin Region Wealth Effect and Inbound Tourism to Europe (2023)
Journal Article
Adamolekun, G., & Kladakis, G. (in press). Origin Region Wealth Effect and Inbound Tourism to Europe. Tourism Analysis, https://doi.org/10.3727/108354223x16951532650252

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... Read More about Origin Region Wealth Effect and Inbound Tourism to Europe.

Societal trust and bank opacity (2023)
Journal Article
Kladakis, G., Bellos, S. K., & Skouralis, A. (2023). Societal trust and bank opacity. Journal of Financial Regulation and Compliance, 31(5), 770-783. https://doi.org/10.1108/jfrc-05-2023-0073

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 r... Read More about Societal trust and bank opacity.

Ethical bank disclosures and liquidity creation (2023)
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2023). Ethical bank disclosures and liquidity creation. Journal of International Financial Markets, Institutions and Money, 84, Article 101754. https://doi.org/10.1016/j.intfin.2023.101754

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 pe... Read More about Ethical bank disclosures and liquidity creation.