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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.

Wholesale funding and liquidity Creation (2022)
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2022). Wholesale funding and liquidity Creation. Review of Quantitative Finance and Accounting, 59, 1501-1524. https://doi.org/10.1007/s11156-022-01081-9

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... Read More about Wholesale funding and liquidity Creation.

Bank Regulation, Supervision and Liquidity Creation (2022)
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2022). Bank Regulation, Supervision and Liquidity Creation. Journal of International Money and Finance, 124, Article 102629. https://doi.org/10.1016/j.jimonfin.2022.102629

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 th... Read More about Bank Regulation, Supervision and Liquidity Creation.

Multiple credit ratings and liquidity creation (2021)
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2022). Multiple credit ratings and liquidity creation. Finance Research Letters, 46(A), Article 102313. https://doi.org/10.1016/j.frl.2021.102313

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... Read More about Multiple credit ratings and liquidity creation.

Corporate liquidity, supply chain and cost issues awareness within the Covid-19 context: evidence from US management reports’ textual analysis (2021)
Journal Article
Fassas, A., Bellos, S., & Kladakis, G. (2021). Corporate liquidity, supply chain and cost issues awareness within the Covid-19 context: evidence from US management reports’ textual analysis. Corporate governance : the international journal of business in society, 21(6), 1155-1171. https://doi.org/10.1108/cg-09-2020-0399

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... Read More about Corporate liquidity, supply chain and cost issues awareness within the Covid-19 context: evidence from US management reports’ textual analysis.

Bank asset and informational quality (2020)
Journal Article
Kladakis, G., Chen, L., & Bellos, S. K. (2020). Bank asset and informational quality. Journal of International Financial Markets, Institutions and Money, 69, https://doi.org/10.1016/j.intfin.2020.101256

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 the B... Read More about Bank asset and informational quality.