Original Research Economics
Exchange Rate Pass-Through and Central Bank Credibility: Evidence on Inflation Targeting Countries

Elham Kamal

Volume 8, Issue 11 , November 2021, Pages 795-815


  This paper sheds a new light on the role of central bank credibility (CBC) in explaining the extent of exchange rate pass-through (ERPT) in two stages. In the first stage, using 60 months rolling window regression of the inflation on the nominal effective exchange rate is obtained time-varying ERPT during ...  Read More

Original Research Accounting
Does Risk Disclosure Affect Firm's Cost of Capital?

Saeed Pakdelan; Alireza Azarberahman; Sara Akbari; Jalal Azarberahman

Volume 8, Issue 11 , November 2021, Pages 816-837


  Risk disclosure refers to providing information to the user to inform of any opportunities or threats .Theoretically, disclosure mainly aims to reduce the information asymmetry as well as investor uncertainty, thereby indirectly lowering the equity cost. An advantage of risk disclosure is its effectiveness ...  Read More

Case Study Management
Effect of Mobile Distribution Application Services on Sales of Fast-Moving Consumer Goods: A Case of Pz Cussons Limited

Simon Githae

Volume 8, Issue 11 , November 2021, Pages 838-854


  One of the areas of focus recently has been the potential of mobile apps services as a solution to overcome low levels of infrastructure development, that hinder full exploitation of business opportunities in developing countries like Kenya. It was with this in view that the primary objective of this ...  Read More

Case Study Accounting
The Effect of Stock Price Crash Risk on the Cost of Capital with the Mediating Role of Shareholders’ Ownership

Hadis Naderi; Majid Moradi; Farzin Khoshkar

Volume 8, Issue 11 , November 2021, Pages 855-866


  Stock prices face several negative and sudden adjustments and managers postpone disclosing the negative/bad news for a long term. A consequence of stock price cash risk may be on the cost of capital which is funds’ cost for a company, or from an investor's perspective, it is the necessary rate ...  Read More