Special Issue "Bank Funding and Corporate Financial Policies during COVID-19 and FinTech Period"

A special issue of International Journal of Financial Studies (ISSN 2227-7072).

Deadline for manuscript submissions: closed (14 April 2023) | Viewed by 6150

Special Issue Editors

Department of Business Administration and Law, University of Calabria, Rende 87036, Italy
Interests: SMEs issues; entrepreneurship; capital structure; corporate diversification; internationalization; investment-cashflow sensitivity and financial constraint; local financial development; corporate governance; ownership structure and value creation
Department of Business Administration and Law, University of Calabria, Rende 87036, Italy
Interests: management; corporate and entrepreneurial finance; banking; FinTech; innovation and sustainability

Special Issue Information

Dear Colleagues,

The coronavirus pandemic represents an unprecedented shock to the world's economy, although the COVID-19 crisis drastically differs from the 2008-2010 global financial crisis and the 2011-2013 sovereign debt crisis. Indeed, many firms have had to significantly revise their business model due to the effects of the pandemic. Moreover, we are experiencing a disruptive change in the demand side of the product markets, with implications for financial markets and, thus, banks and credit institutes. This shift has had severe consequences on the financing of firms; therefore, resolving corporate financial policies is crucial to understand how entrepreneurs have reacted and adapted during this downturn period. The present Special Issue aims to stimulate discussion and present research on the emerging challenges and opportunities concerning financial decisions that companies are faced with in the era of COVID-19 and technological digitalisation in banking. Moreover, we are particularly interested in the role of banks and credit institutes in the downturn period and how the bank-firm relationship has evolved during this economic crisis and with the advent of FinTech. Papers covering theoretical and practical implications for banks and firms regarding their handling of the crisis and those focusing on future economic recovery perspectives are welcome in this Special Issue. 

Topics of interest include (but are not limited to):

  • Bank funding and capital structure;
  • The role of banks and credit institutes in supporting firms during the coronavirus downturn;
  • How firms have managed their capital structure, cash holdings, and trade credit decisions during the COVID-19 pandemic;
  • How the development of FinTech in banking influences the bank-firm relationship;
  • The effect of FinTech on financial decisions of new and existing firms in banking;
  • The influence of FinTech on corporate financial policies during the COVID-19 era;
  • How financial flexibility has supported firms during COVID-19 crisis;
  • How financially constrained firms have reacted to the COVID-19 crisis.

We invite authors to contribute original research articles focusing on both theory and practice. All submissions must be original unpublished work that is not being considered for publication elsewhere.

Dr. Maurizio La Rocca
Dr. Francesco Fasano
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. International Journal of Financial Studies is an international peer-reviewed open access quarterly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • bank funding
  • banking relationship
  • financial policies
  • capital structure
  • cash holdings
  • trade credit
  • COVID-19
  • FinTech
  • financial flexibility
  • financial constraints
  • corporate finance
  • entrepreneurial finance

Published Papers (3 papers)

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Research

Article
The Effect of Financial Policies Implemented during COVID-19 on Bank Credit in the Central American Region
Int. J. Financial Stud. 2023, 11(2), 68; https://doi.org/10.3390/ijfs11020068 - 16 May 2023
Viewed by 1060
Abstract
As a result of the COVID-19 pandemic, governments and central banks worldwide implemented a wide range of policies to support households and businesses, among them a series of measures to support the availability of credit. This paper quantitatively assesses how monetary and regulatory [...] Read more.
As a result of the COVID-19 pandemic, governments and central banks worldwide implemented a wide range of policies to support households and businesses, among them a series of measures to support the availability of credit. This paper quantitatively assesses how monetary and regulatory policy measures helped lessen the effect of the economic downturn on bank credit to the private sector, and on non-performing loans, and focuses on small EMEs, which have been the subject of little analysis in this regard. Specifically, it looks at a number of countries in the Central American region. The resulting estimates show that the policies implemented substantially reduced the negative impact of the crisis on bank credit and nonperforming loans, and that the measures largely responsible for this mitigation were regulatory rather than monetary. Full article
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Article
Behavior of Banks’ Stock Market Prices during Long-Term Crises
Int. J. Financial Stud. 2023, 11(1), 31; https://doi.org/10.3390/ijfs11010031 - 06 Feb 2023
Viewed by 2085
Abstract
Countries are drastically impacted by financial and fiscal crises. Financial crises have the worst impact on not only society, but also the economy. The Canadian economy underwent financial crises and recessions several times during the last century. In this paper, daily closing stock [...] Read more.
Countries are drastically impacted by financial and fiscal crises. Financial crises have the worst impact on not only society, but also the economy. The Canadian economy underwent financial crises and recessions several times during the last century. In this paper, daily closing stock prices of five large Canadian banks were studied during the last five crisis periods. It is aimed to determine the most effective or dominant index prices on the daily closing stock price of the banks during the crisis periods. The five periods were selected from secondary data from January 1975 to December 2020 by using the graphs and the crises in the literature. Multiple linear regression was performed to analyze the impact of price indexes during crisis periods. Findings show that “price index—financials” had a positive impact on the daily closing price of banks during the last five economic crises in Canada. Since the banks have different investment tools in their portfolio, the impacts of price indexes on the daily closing prices depend on these portfolios, which ultimately could have led to the economic crises. Full article
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Article
The Global Pandemic, Laboratory of the Cashless Economy?
Int. J. Financial Stud. 2022, 10(4), 109; https://doi.org/10.3390/ijfs10040109 - 26 Nov 2022
Cited by 3 | Viewed by 2345
Abstract
The COVID-19 pandemic has had a profound impact on payment systems and preferences around the world, reducing the use of cash in favor of digital payment instruments and accelerating the discussion around the need for a central bank digital currency. This article presents [...] Read more.
The COVID-19 pandemic has had a profound impact on payment systems and preferences around the world, reducing the use of cash in favor of digital payment instruments and accelerating the discussion around the need for a central bank digital currency. This article presents the digital payments and cashless agenda before and after the pandemic, focusing on how the changing payments landscape has influenced the priorities and decisions of regulators, banks and other financial intermediaries, with regards to the future shape of payment systems. It finds that while the pandemic demonstrated the benefits associated with building an advanced, competitive and integrated digital payments eco-system, it has also brought to the forefront more fragmentation than convergence between payment systems in different regions of the world. Full article
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