Liu Xia's scientific contributions

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Publications (2)


Stock Price Reaction Following Corporate Press Releases: Evidence from Dhaka Stock Exchange (DSE), Bangladesh
  • Article
  • Full-text available

June 2023

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93 Reads

European Journal of Business Management and Research

Liu Xia

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This study examines the correlation between corporate press releases and stock prices in the Dhaka Stock Exchange. The authors collected data and used statistical analysis to determine if there was a relationship between press releases and the subsequent movement of stock prices. The results of the study showed that press releases had a significant impact on the stock prices in the exchange. The authors found that positive press releases resulted in an increase in stock prices, while negative press releases led to a decrease in stock prices. Additionally, the effect of press releases on stock prices was more significant for small and medium-sized firms compared to large firms. These findings suggest that press releases are an essential communication tool for firms to communicate with investors and can have a significant impact on their stock prices. This study provides valuable insights into the effects of press releases on stock prices in the Dhaka Stock Exchange. The findings can help firms to better understand the impact of press releases on their stock prices and to make more informed decisions about their communication strategies. It can also help investors to make better-informed decisions about their investment portfolios.

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Green finance in FY20 by PCBs (In million BDT).
The Recent Developments of Green Banking A Study on Private Commercial Banks in Bangladesh

February 2022

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624 Reads

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3 Citations

The emergence of green banking in the modern banking industry is not new. This study focuses on the recent developments made in green banking to private commercial banks of Bangladesh. The study also highlights the contribution made by financial institutions to promote the green economy of the country. Review of secondary data is the basis for this research where data is collected from different sources such as published annual reports of the private commercial banks, Bangladesh bank website, articles, newspaper, published journals on green banking. The obtained data is reviewed by applying descriptive statistics. The study reveals that the central bank has played a significant role in adopting green banking policy in the sector of private commercial banks. A dedicated department of the central bank issued policies and regulations to establish a green financing environment in the overall financial system of Bangladesh. Even though the country is lagging in comparison to developed economies in implementing green policies to the financial system, the private commercial banks are the forerunner to adopt this. The government also assesses the need for the development of the green economy as the country is also committed to building a sustainable economy through the initiatives of green policy.

Citations (1)


... We have not seen the region's banking sector actively playing the role of the green financing champion of the future. For instance, in state bank of Pakistan issued green banking guidelines in 2017 (Afridi et al. 2021), and Bangladesh Bank formed the sustainable finance department (SFD) in 2015 (Ibrahim et al. 2022) for green financing initiatives, and green banking in India is still at nascent stage (Sharma and Choubey 2022), as it started issuing green financing in 2008. The region's banking sector development is still facing challenges of deepening and developing the green banking sector in terms of infrastructure for green financing services, cost, and risk of providing green credit. ...

Reference:

Do banking sector development, economic growth, and clean energy consumption scale up green fnance investment for a sustainable environment in South Asia: evidence for newly developed RALS co‑integration
The Recent Developments of Green Banking A Study on Private Commercial Banks in Bangladesh