This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …

This paper provides a review of the recent financial institution mergers and acquisition
(M&A) literature covering over 150 studies. Several robust themes emerge in the post-2000 …

In the context of developing FinTech innovation, a commercial bank's use of FinTech
innovation can improve its risk management capability, thereby reducing its risk-taking. This …

Financial inclusion has gone beyond the rhetoric surrounding social development and
financial stability, but also expanding into pathos of arbitrage benefits made from cheap …

This paper investigates the impact of local banks and digital financial inclusion on Small and
Medium-sized Enterprise (SME) financing constraints. Using data from Chinese SMEs for …

The optimal design of a central bank digital currency (CBDC) is analyzed in an environment
where agents sort into cash, CBDC, and bank deposits according to their preferences over …

Abstract Information, which can arrive in multiple forms, is a fundamental component of all
financial transactions and markets. We define hard and soft information and describe the …

Financial inclusion has become an important public policy priority following the recent global
financial crisis. Yet, we know very little of how it impacts soundness of the providers of …

Green innovation is a feasible and potential option that governments can adopt to reduce
reliance on fossil fuels and speed the transition to renewable energy sources. This study …

We study how relationship lending and transaction lending vary over the business cycle. We
develop a model in which relationship banks gather information on their borrowers, allowing …