Studies in Economics and Finance
Issue(s) available: 117 – From Volume: 1 Issue: 1, to Volume: 41 Issue: 1
The impact of digital inclusive finance on high-quality consumption: evidence from Jiangsu, Zhejiang and Shanghai of China
Jiangjiao Duan, Mengdi ChenDigital inclusive finance has a positive promotion effect on the development of the national economy, but little research exists on how digital inclusive finance affects…
How is the ECB’s quantitative easing transmitted to the financial markets?
Donia Aloui, Abderrazek Ben MaatougOver the last few years, the European Central Bank (ECB) has adopted unconventional monetary policies. These measures aim to boost economic growth and increase inflation through…
The effects of the Russia–Ukraine war and the Wagner Group coup on defense stocks in Europe: an event study analysis
Svetoslav Covachev, Gergely FazakasThis study aims to examine the impact of the beginning of the Russia–Ukraine war and the Wagner Group’s attempted military coup against Putin’s regime on the European defense…
Closing the loop: does corporate sustainability capability matter for improving energy efficiency? Evidence from Pakistan
Arifa Tanveer, Shihong Zeng, Wei TianThis study aims to examine whether and how corporate sustainability capability influences energy efficiency through competitive intensity and slack resource availability.
Dynamic connectedness among market volatilities: a perspective of COVID-19 and Russia-Ukraine conflict
Prince Kumar Maurya, Rohit Bansal, Anand Kumar MishraThis paper aims to investigate the dynamic volatility connectedness among 13 G20 countries by using the volatility indices.
Precious metal prices: a tale of four US recessions
Pablo Agnese, Pedro Garcia del Barrio, Luis Alberiko Gil-Alana, Fernando Perez de GraciaThe purpose of this paper is to examine the degree of persistence in four precious metal prices (i.e. gold, palladium, platinum and silver) during the last four US recessions.
Are there other fish in the sea? Exploring the hedge, diversifier and safe-haven features of ESG investments
Luca Pedini, Sabrina SeveriniThis study aims to conduct an empirical investigation to assess the hedge, diversifier and safe-haven properties of different environmental, social and governance (ESG) assets…
Can mutual fund characteristics predict future performance? Evidence from Portugal
Maria Inês Sá, Paulo Leite, Maria Carmo CorreiaThis paper aims to investigate not only the performance of Portuguese mutual funds investing in domestic and international equities but also which fund characteristics, such as…
Hidden truncation model with heteroskedasticity: S&P 500 index returns reexamined
Rachid BelhachemiThis paper aims to introduce a heteroskedastic hidden truncation normal (HTN) model that allows for conditional volatilities, skewness and kurtosis, which evolve over time and are…
Stock market indices and interest rates in the US and Europe: persistence and long-run linkages
Guglielmo Maria Caporale, Luis Alberiko Gil-Alana, Eduard MelnicencoThis paper aims to analyse the persistence of the S&P500 and DAX 30 stock indices as well as of the Fed’s Effective Federal Funds rate and of the European Central Bank’s Marginal…
Country-level governance and sustainable development goals: implications for firms’ sustainability performance
Faozi A. Almaqtari, Tamer Elsheikh, Khaled Hussainey, Mohammed A. Al-BukhraniThe purpose of this study is to examine the impact of country-level governance on sustainability performance, taking into account the effect of sustainable development goals…
Return and volatility transmission among economic policy uncertainty, geopolitical risk and precious metals
Opeoluwa Adeniyi Adeosun, Suhaib Anagreh, Mosab I. Tabash, Xuan Vinh VoThis paper aims to examine the return and volatility transmission among economic policy uncertainty (EPU), geopolitical risk (GPR), their interaction (EPGR) and five tradable…
Estimating the excess of interests paid by consumers when applying an upper rate. The case of Spain
Salvador Cruz Rambaud, Paula Ortega PeralsThe framework of this paper is financial mathematics and, more specifically, the control of data fraud and manipulation with their subsequent economic effects, namely, in…
ESG and the performance of energy and utility portfolios: evidence from Australia
Scott J. NiblockThis study aims to establish the effect of environmental, social and governance (ESG) practices on Australian energy and utility investment performance.
Co-volatility dynamics in global cryptocurrency and conventional asset classes: a multivariate stochastic factor volatility approach
Shalini VelappanThis study aims to investigate the co-volatility patterns between cryptocurrencies and conventional asset classes across global markets, encompassing 26 global indices ranging…
The impact of the COVID-19 pandemic on regional inflation in Indonesia
Iqbal Reza Nugraha, Gumilang Aryo Sahadewo, Sekar Utami SetiastutiThis paper aims to examine the impact of COVID-19 on inflation in Indonesia. There are two questions in this study: (1) Is there an impact of COVID-19 on inflation in Indonesia…
Balancing prosperity and sustainability: unraveling financial risks and green finance through a COP27 lens
Shakeel Sajjad, Rubaiyat Ahsan Bhuiyan, Rocky J. Dwyer, Adnan Bashir, Changyong ZhangThis study aims to examine the relationship between financial development (FD), financial risk, green finance and innovation related to carbon emissions in the G7 economies.
Does banning cryptocurrencies affect stock markets?
Ahmed W. ElroukhThis paper aims to investigate the impact of banning cryptocurrencies on stock markets.
Measuring the degree of connection between currency futures: Empirical dive into higher moments
Murat Donduran, Muhammad Ali FaisalThe purpose of this study is to unfold the existing information channel in the higher moments of currency futures for different time horizons.
Cost efficiency of municipal green bonds’ measures: a marginal abatement cost curves approach
Tommaso Piseddu, Fedra VanhuyseWith more cities aiming to achieve climate neutrality, identifying the funding to support these plans is essential. The purpose of this paper is to exploit the present of a…
Uncovering time and frequency co-movement among green bonds, energy commodities and stock market
Miklesh Prasad Yadav, Shruti Ashok, Farhad Taghizadeh-Hesary, Deepika Dhingra, Nandita Mishra, Nidhi MalhotraThis paper aims to examine the comovement among green bonds, energy commodities and stock market to determine the advantages of adding green bonds to a diversified portfolio.
Spillover effects and transmission of shocks in Visegrad equity markets
Florin Aliu, Vincenzo Asero, Alban Asllani, Jiří KučeraPaper aims to investigate the interdependencies and spillover effects that the Visegrad (V4 hereafter) Equity Markets hold on each other. The V4 group stands for the political…
Politics, integration of ESG in CEO compensation, and firm credit ratings: evidence from the USA
Emma Y. Peng, William Smith IIIThis paper aims to investigate how a US firm’s political landscape affects the integration of environmental, social and governance (hereafter ESG) measures in CEO compensation…
Does religion influence the household finance? Evidence from Europe
Rashed Isam Ashqar, Júlio LobãoThis paper aims to examine the influence of religious backgrounds and religiosity on three dimensions of household finance (the decision to hold secured debt, the likelihood of…
Drivers of the next-minute Bitcoin price using sparse regressions
Ikhlaas Gurrib, Firuz Kamalov, Olga Starkova, Elgilani Eltahir Elshareif, Davide ContuThis paper aims to investigate the role of price-based information from major cryptocurrencies, foreign exchange, equity markets and key commodities in predicting the next-minute…
ESG consideration in venture capital: drivers, strategies and barriers
Elfi M. Lange, Niloofar Ghotbedini BanadakiThere is an increasing awareness of environmental, social and governance (ESG) factors in the private equity (PE) environment. While many studies deal with the implementation of…
American option evaluations using higher moments
Patrice Gaillardetz, Saeb HachemBy using higher moments, this paper extends the quadratic local risk-minimizing approach in a general discrete incomplete financial market. The local optimization subproblems are…
Leading and lagging role between financial stress and crude oil
Ahmet Galip GençyürekThe crude oil market plays a key role in addressing the issue of energy economics. This paper aims to detect the causality relationship between the crude oil market and economy…
The relevance of carbon performance and board characteristics on carbon disclosure
Ghassan H. Mardini, Fathia Elleuch LahyaniThe purpose of this study is to examine the impact of carbon performance on carbon disclosure among nonfinancial French-listed firms, while also considering the corporate board’s…
Excess cash or excess headache? Demonetisation and bank behaviour in India
Saumen Majumdar, Swati Agarwal, Saibal GhoshSudden and unannounced policy changes by the government that provide banks with windfall deposits creates a challenge in terms of resource deployment. In the process, there is an…
Impacts of climate pact on global oil and gas sector stocks
Vineeta Kumari, Rima Assaf, Faten Moussa, Dharen Kumar PandeyThe purpose of this study is to examine the impacts of the Glasgow Climate Pact on global oil and gas sector stocks. Further, this study also examines if the nations' Climate…
Conviction, diversification or something else: constructing optimal portfolios with additional attributes
Muhammad Farid Ahmed, Stephen SatchellThe purpose of this paper is to provide theory for some popular models and strategies used by practitioners in constructing optimal portfolios. King (2007), for example, advocated…
A cross-quantile correlation and causality-in-quantile analysis on the relationship between green investments and energy commodities during the COVID-19 pandemic period
Aarzoo Sharma, Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah, Freeman Brobbey OwusuThis paper aims to examine the cross-quantile correlation and causality-in-quantiles between green investments and energy commodities during the outbreak of COVID-19. To be…
Does board gender diversity affect firms’ expected risk?
Jodonnis Rodriguez, Krishnan Dandapani, Edward R. LawrenceThis study aims to explore the impact of board gender diversity on firms’ forward-looking risk, as perceived by both the firm’s management and its investors. The authors seek to…
Is short-term firm performance an indicator of a sustainable financial performance? Empirical evidence
Umar Nawaz Kayani, Christopher Gan, Mustafa Raza Rabbani, Yousra TrichilliThis study aims to thoroughly examine and understand the relationship between working capital management (WCM) and the sustainable financial performance (FP) in the context of the…
The dynamic trade-off theory of capital structure: evidence from a panel of US industrial companies
Ridha EsghaierThis paper aims to test the empirical validity of the dynamic trade-off theory in its symmetric and asymmetric versions in explaining the capital structure of a panel of publicly…
How does fear spread across asset classes? Evidence from quantile connectedness
Panos FousekisThis study aims to investigate the connectivity among four principal implied volatility (“fear”) markets in the USA.
Do financial innovations influence bank performance? Evidence from China
Shaen Corbet, Yang (Greg) Hou, Yang Hu, Les Oxley, Mengxuan TangThe rapid growth of Fintech presents a growing challenge for banking institutions, particularly those with more traditional, service backgrounds. This paper aims to examine the…
COVID-19, stability and regulation: evidence from Indonesian banks
Putra Pamungkas, Taufiq Arifin, Irwan Trinugroho, Evan Lau, Bruno S. SergiThis study aims to investigate the effect of credit relaxation policy during the COVID-19 pandemic and its efficacy as a countercyclical policy on bank risk and stability.
A collective decision-making model of p2p lending platforms compared to bank lending
Ruth Ben-Yashar, Miriam KrauszThis study aims to develop a theoretical model that uses the decision-making theory in a financial intermediation setting to provide insights into the differences between the…
The economic and environmental effects of an optimal emission reduction subsidy policy in the presence of business cycles
Fariba Ramezani, Amir Arjomandi, Charles HarvieAs a by-product of the production process, emissions can follow output fluctuations. Hence, disregarding the relationship between economic fluctuations and emissions could result…
ISSN:
1086-7376Online date, start – end:
1977Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Prof Niklas Wagner