Online First

Online First, the immediate online pre-published of all accepted papers. Articles in Online First are these have been initially reviewed, initially accepted and initially typeset. But they haven’t being peer-viewed and proofreaded, also, the final date of publication hasn’t been scheduled. Individual articles and its content may differ from the final version of publication, subject to the final version.

  • Open Access

    Article

    Article ID: 684

    CEO’s Emotional Intelligence and ownership concentration efficiency: Evidence from Tunisia

    by Mohamed AA, Anis J

    Financial Forum, Vol.0, No.0, 2020; 380 Views, 20 PDF Downloads

    DOI: https://doi.org/10.18282/ff.v0i0.684

    This article deals with the relationship existing between the emotional aspect and decision-making processes. More specifically, it examines the links between emotional Intelligence and the ownership concentration. I will use logistic binary regression ) to examine this relation: every model treats the relationship between emotional intelligence and one of efficiency criteria of the ownership structure. Emotional intelligence has been measured according to the scale of Schutte and al (Shutte Self Report Emotional Intelligence Scale, SSREI, Shuttle and al. 1998) with a high internal validity level. Regarding, The four cognitive biases they have been measured by means of a questionnaire comprising several items. As for the selected sample, it has been composed of some180 Tunisian executives (belonging to 60 firms). Our results have revealed that the presence of a high emotional intelligence rate is not always positively correlated with the executives’ suggestibility with respect to behavioural biases. They have also affirmed the existence of Substitutability between emotional intelligence and the Ownership structure disciplinary function

  • Open Access

    Article

    Article ID: 695

    Moody’s Bond Ratings in Historical Perspective： Their Purpose and Performance

    by Berry K W

    Financial Forum, Vol.0, No.0, 2020; 329 Views, 18 PDF Downloads

    DOI: https://doi.org/10.18282/ff.v0i0.695

    The securities rating industry has been heavily criticized for its subprime mortgage ratings that performed so poorly during the 2007-9 subprime crisis. This chapter traces the history of Moody’s bond ratings since their inception in 1909. The stated purpose of the ratings was as an aid in investment analysis with the large number of U.S. securities outstanding at the time. However, evidence is reviewed that the Great Depression was a turning point for ratings, with a switch in focus from investment analysis to default analysis. The ratings during this period were compared with a structural default analysis in terms of their ability to rank order defaults that occurred during the Great Depression. The conclusion is that advances in finance has created technologies that tend to outdate the ratings technology. Â