North American Journal of Economics and Finance

Article	Citations
Multi-step barrier products and static hedging	107
Editorial Board	100
US structural drivers of international portfolio returns	91
Trade friction and price discovery in the USD–CAD spot and forward markets	84
An analytical solution for the robust investment-reinsurance strategy with general utilities	65
Modeling the unintended consequences of short selling for innovation investment	61
Recent evidence on the short-term and long-term performance persistence of emerging-market mutual fund returns	60
Unveiling the gold-oil whirl amidst market uncertainty shocks in China	56
The impact of audit fees and auditor tenure on company valuation: An analysis of large U.S. audit firms	52
Monetary policy and bank performance: The role of business models	51
Legal shifts and corporate strategy: The impact of China’s New Securities Law on earnings management	50
Dynamics of market power and stability in GCC banking: econometric analysis and policy implications	49
Clustering effects and evolution of the global major 10-year government bond market structure: A network perspective	48
The transition of the global financial markets' connectedness during the COVID-19 pandemic	47
A non-zero-sum investment and reinsurance game between two mean–variance insurers with dynamic CVaR constraints	46
Hand in hand or left behind: The dual impact of leading firms’ digital technologies on industry digital transformation	46
Dissecting returns of non-fungible tokens (NFTs): Evidence from CryptoPunks	45
Exploring the dynamic spillover of cryptocurrency environmental attention across the commodities, green bonds, and environment-related stocks	44
The impact of Twitter-based sentiment on US sectoral returns	42
Credit ratings and top executives’ political ideology	42
Expected versus unexpected Inflation:The role of Trade Policy	42
Asymmetric dynamics between the Baltic Dry Index and financial markets during major global economic events	41
On the connectedness between the uncertainty of central bank digital currency adoption and stablecoins	40
Which uncertainty measure better predicts gold prices? New evidence from a CNN-LSTM approach	40
Geopolitical risk and stock market volatility in emerging markets: A GARCH – MIDAS approach	39

Can real-time investor sentiment help predict the high-frequency stock returns? Evidence from a mixed-frequency-rolling decomposition forecasting method	39
Does the international oil market interact with China’s financial market? New evidence from time-varying higher moments	38
Strategic cooperation in fintech field and efficiency of commercial banks	36
Determinants of CDS in core and peripheral European countries: A comparative study during crisis and calm periods	35
The effect of compound heat-drought risk on municipal corporate bonds pricing: Evidence from China	35
Can NFTs hedge the risk of traditional assets after the COVID-19 pandemic?	35
Impact of Off-Balance-Sheet Activities on the Effectiveness of Monetary Policy	35
Editorial Board	34
Editorial Board	34
Can monthly-return rank order reveal a hidden dimension of momentum? The post-cost evidence from the U.S. stock markets	32
Economic fundamentals, policy responses, and state-level municipal bond sensitivity to COVID-19 prevalence	32
Unveiling the bright side of rice-farming culture in shaping innovation: Evidence from Chinese listed firms	31
Deregulation of short selling and corporate cash dividend policy: A quasi-natural experiment from China	31
Dynamic volatility spillovers between industries in the US stock market: Evidence from the COVID-19 pandemic and Black Monday	31
Enhanced index tracking: A relative downside risk approach	31
Fintech, strategic incentives and investment to human capital, and MSEs innovation	30
Green bonds and clean energy stocks: Safe havens against global uncertainties? A wavelet quantile-based examination	30
Bank systemic risk prediction based on text mining and explainable machine learning	29
International oil shocks and the volatility forecasting of Chinese stock market based on machine learning combination models	29
Managerial response to institutional investor distraction	28
Optimal venture capital entry–exit strategy with jump–diffusion risk	28
Foreign ownership and M&A activity: Evidence from China	27
Dynamic volatility spillover and market emergency: Matching and forecasting	27
Examining the nexus between oil shocks and sovereign credit risk: Multidimensional insights from major oil exporters	27
Exchange rate misalignments, capital flows and volatility	27
Cross-sectional quantile regression for estimating conditional VaR of returns during periods of high volatility	27
Special issue: Financial technology, innovation, and corporate finance	27
Editorial Board	26
Pricing vulnerable spread options with liquidity risk under Lévy processes	26
A crisis like no other? Financial market analogies of the COVID-19-cum-Ukraine war crisis	25
Asymmetric impact of global crude oil on Chinese sectors and optimal portfolio strategies: An analysis of the higher-order moment tail risk spillovers	25
Regional market uncertainty and corporate investment	25
How do the dual effects of financial development change the transmission of monetary policy? – Evidence from China	25
Spillovers and directional predictability between international energy commodities and their implications for optimal portfolio and hedging	25
Asymmetries in the international spillover effects of monetary policy: Based on TGVAR model	25
Inflation synchronization and shock transmission between the eurozone and the non-euro CEE Economies: A wavelet quantile VAR approach	24
Oil price shocks, economic policy uncertainty and China’s producer price index: Evidence from quantile regression analysis	24
Static and dynamic return and volatility connectedness between transportation tokens and transportation indices: Evidence from quantile connectedness approach	24
Cybersecurity risk and firm growth: Empirical evidence based on text analysis	23
Dynamic interrelations and the potential of global industrial sectors to function as a refuge for the global transition towards a low-carbon economy	23
Stock index futures price prediction using feature selection and deep learning	23
Connectedness of commodity, exchange rate and categorical economic policy uncertainties — Evidence from China	23
A comparison of bitcoin futures return and return volatility based on news sentiment contemporaneously or lead-lag	22
Oil price shocks and stock–bond correlation	22
Spillover shifts in the FX market: Implication for the behavior of a safe haven currency	22
Examining the transmission of credit and liquidity risks: A network analysis for EMU sovereign debt markets	22
The British Stock Market, currencies, brexit, and media sentiments: A big data analysis	21
News and intraday jumps: Evidence from regularization and class imbalance	21
Influence of a wider trading range on stock price efficiency: Evidence from ChiNext stocks in China	21
The temporal variability in the returns of socially responsible funds to structural oil shocks	21

Measuring market volatility connectedness to media sentiment	21
Corrigendum to “Can monthly-return rank order reveal a hidden dimension of momentum? The post-cost evidence from the U.S. stock markets” [North Am. J. Econ. Fin. 65 (2023) 101884]	21
Editorial Board	21
Who is smarter? Evidence from extreme financial risk contagion in hedge funds and mutual funds	20
Hedging Bitcoin with commodity futures: An analysis with copper, gas, gold, and crude oil futures	20
The neo-Fisherian effect in a new Keynesian model with real money balances	20
Measuring liquidity with return volatility: An analytical approach based on heavy-tailed Censored-GARCH model	20
Institutional opening of capital market and stock price Bubble: Evidence from China	19
Explosive behavior in historic NASDAQ market prices	19
Geography of corporate networks and housing price spillovers: evidence from U.S. States	19
Stock market forecasting accuracy of asymmetric GARCH models during the COVID-19 pandemic	19
Outperforming ESG stocks portfolio: A machine learning ranking model with catboots regressor	19
Risky finance, riskier climate: when financial instability meets climate risks on the bridge of sustainability uncertainty	18
Decoding the stock market dynamics in the banking sector: Short versus long-term insights	18
Interactions between investors’ fear and greed sentiment and Bitcoin prices	18
Non-executive employee stock ownership plans and corporate innovation efficiency: Evidence from China	18
Quantile connectedness of oil price shocks with socially responsible investments	18
Stablecoins as a tool to mitigate the downside risk of cryptocurrency portfolios	18
Is there a dark side to financial inclusion? Understanding the relationship between financial inclusion and market risk	18
Hedging the extreme risk of cryptocurrency	18
Can volatility spread fully capture the put–call parity violation?	17
A measure of quantile-on-quantile connectedness for the US treasury yield curve spread, the US Dollar, and gold price	17
Organizational capital and stock performance during Crises: Moderating role of generalist CEO	17
The “effect modifier” of US interest rate in the economic policy uncertainties and economic conditions of fifty (50) US states: A semi-parametric smooth varying-coefficient approach	17
Liquidity spillovers between cryptocurrency and foreign exchange markets	17
Systemic risk monitoring model from the perspective of public information arrival	17
Stock market extreme risk prediction based on machine learning: Evidence from the American market	17
Multi-scale systemic risk and spillover networks of commodity markets in the bullish and bearish regimes	17
Editorial Board	16
Constrained portfolio optimization via Artificial Gorilla Troops: Benchmarking against swarm-intelligence metaheuristic algorithms	16
Cross-category and cross-country spillovers of economic policy uncertainty: Evidence from the US and China	16
SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears	16
The outbreak of COVID-19 and stock market liquidity: Evidence from emerging and developed equity markets	16
On the non-neutrality of socially responsible investing in the presence of a greenium	16
Pricing VIX options based on mean-reverting models driven by information	16
Individual investment adaptations to COVID-19 lockdowns	16
The impact of VIX on China’s financial market: A new perspective based on high-dimensional and time-varying methods	16
Forecasting volatility of China’s crude oil futures based on hybrid ML-HAR-RV models	15
The risk spillover between China’s economic policy uncertainty and commodity markets: Evidence from frequency spillover and quantile connectedness approaches	15
Systemic risk among Chinese oil and petrochemical firms based on dynamic tail risk spillover networks	15
Contagion effect of systemic risk among industry sectors in China’s stock market	15
CEO succession and corporate innovation: A managerial myopic perspective	15
Geopolitical risk and firm value: Evidence from emerging markets	15
Can U.S. macroeconomic indicators forecast cryptocurrency volatility?	14
How does FinTech affect the development of the digital economy? Evidence from China	14
Political sentiment and MAX effect	14
Systemic spillovers in high-growth private market sectors: determinants and portfolio implications	14
Investigating the impact of the Covid-19 pandemic on stock markets volatility in USA and Europe	14
Text Spillover: Measuring connectedness of financial institutions based on news text data	14
Editorial Board	14
Inflation risk and stock returns: Evidence from US aggregate and sectoral markets	14
Do cryptocurrencies provide better hedging? Evidence from major equity markets during COVID-19 pandemic	14
Momentum mechanisms under heterogeneous beliefs	14
Which liquidity indicator is more informative to market volatility? Spectrum analysis of China’s base metal futures market	13
Carbon emission control, tariff-carbon tax reform and intersectoral migration in the presence of international capital inflows	13
Hard to arbitrage, hard for analysts to forecast	13
The RP-PCA factors and stock return predictability: An aligned approach	13
Adaptive online portfolio selection incorporating systematic risk of the financial market	13
Information sharing in a perfectly competitive market	13
Private health insurance consumption and public health-care provision in OECD countries: Impact of culture, finance, and the pandemic	13
Upside/Downside spillovers between oil and Chinese stock sectors: From the global financial crisis to global pandemic	13
Money, payments systems, limited participation, and central banking	13
Regulation and crises: A concave story	13
Impact of Basel III liquidity regulations on U.S. Bank performance in different conditional profitability spectrums	12
Commonality, macroeconomic factors and banking profitability	12
The valuation of variance swaps with psychological barriers in the underlying dynamics	12
Re-examining China and the u.s.’s respective green bond markets in extreme conditions: Evidence from quantile connectedness	12
Geopolitical risks and investor sentiment: Causality and TVP-VAR analysis	12
Did the Indian stock market overreact to Covid-19?	12
Early warning systems for cryptocurrency markets: Predicting ‘zombie’ assets using machine learning	12
Real-time GARCH@CARR: A joint model of returns, realized measure of volatility and current intraday information	12
Pricing options on the maximum or the minimum of several assets with default risk	12
The cross-border interaction of financial stress: From the perspective of pattern causality	12
Return and volatility spillovers across the Western and MENA countries	12
Sources of CEO power and firm mergers & acquisitions——Evidence from Chinese listed family firms	12
Reassessing the inversion of the Treasury yield curve as a sign of U.S. recessions: Insights from the housing and credit markets	12
Multiperiod portfolio allocation: A study of volatility clustering, non-normalities and predictable returns	11
Digital finance and misallocation of resources among firms: Evidence from China	11
Effect of sectoral holdings on the flow-performance sensitivity of mutual funds	11
The effects of financial openness and financial efficiency on Chinese macroeconomic volatilities	11

Narcissistic leaders and corporate cash Holdings: Evidence in China	11
Corporate investment amid trade policy uncertainty: Past lessons, future presidency	10
The effect of output and the real exchange rate on equity price dynamics	10
A penalized U-MIDAS multinomial logit model with applications to corporate credit ratings	10
Investor sentiment and energy futures predictability: Evidence from Feasible Quasi Generalized Least Squares	10
Stablecoins as the cornerstone in the linkage between the digital and conventional financial markets	10
ESG and Stock Price Volatility Risk: Evidence from Chinese A-share Market	10
Unveiling asymmetric return spillovers with portfolio implications among Indian stock sectors during Covid-19 pandemic	10
ESG rating divergence and stock price crash risk	10
Research on the time-varying effects among green finance markets in China: A fresh evidence from multi-frequency scale perspective	10
Can hybrid model improve the forecasting performance of stock price index amid COVID-19? Contextual evidence from the MEEMD-LSTM-MLP approach	10
Dynamic volatility spillover among cryptocurrencies and energy markets: An empirical analysis based on a multilevel complex network	9
Modeling dynamic conditional correlations with leverage effects and volatility spillover effects: Evidence from the Chinese and US stock markets affected by the recent trade friction	9
The effects of formal and informal CEO power on debt policy persistence	9
Dynamic connectedness of climate risks, oil shocks, and China’s energy futures market: Time-frequency evidence from Quantile-on-Quantile regression	9
Overconfident investors, Predictable Returns, and optimal consumption-portfolio rules	9
Dynamic q-dependent cross-correlation test for investment classification and its application on green finance	9
Impacts of COVID-19 on global stock sectors: Evidence from time-varying connectedness and asymmetric nexus analysis	9
The threshold effect of political connection on the green innovation of businesses: Evidence from China	9
The impact of revenue diversification on profitability, capital, and risk in US banks by size	9
Spillover of fear among the US and BRICS equity markets during the COVID-19 crisis and the Russo-Ukrainian conflict	9
Searching for informed traders in stock markets: The case of Banco Popular	9
Editorial Board	9
Is a co-jump in prices a sparse jump?	9
Option trading volume and the cross-section of option returns	9
Information asymmetry, sentiment interactions, and asset price	9
A new approach to capital control for emerging market economies	9
Does inter-industry risk spillover network predict financial crisis? Evidence from a gated graph neural networks approach	9
Analytical valuation of vulnerable chained options	9
The time-varying relationship between climate uncertainty, low-carbon stocks and green bonds	9
Economic policy uncertainty, macroeconomic shocks, and systemic risk: Evidence from China	9
Corporate cash value and ESG management: Panel data analyses of stock indices across countries	9
Temporal and spatial heterogeneity of resource misallocation in Chinese banks and its influential factors	9
Investor sentiment response to COVID-19 outbreak-related news: A sectoral analysis of US firms	9
Models of optimal contract in lending: Evaluating the impact of diversified versus focused policies on riskiness of borrower base	9
Network measurement and influence mechanism of dynamic risk contagion among global stock markets: Based on time-varying spillover index and complex network method	8
Animal Behavior in Capital markets: Herding formation dynamics, trading volume, and the role of COVID-19 pandemic	8
Valuing American options using multi-step rebate options	8
Searching hedging instruments against diverse global risks and uncertainties	8
Mutual fund style drift measured using higher moments and its cash flow incentive	8
Dealer markets: A reinforcement learning mean field game approach	8
The influence of private equity and venture capital on the post-IPO performance of newly-public acquirers	8
The debt-growth nexus in Canada: evidence from an open-economy ARDL model	8
Banking market structure and corporate investment efficiency	8
Bank competition, government interest in green initiatives and carbon emissions reduction: An empirical analysis using city-level data from China	8
WITHDRAWN: Extreme risk contagion from the United States to BRICS stock markets: A multivariate quantile analysis	8
Multivariate risk aversion utility, application to ESG investments	8
Modeling and forecasting commodity price volatility using a common leverage factor	8
Commodity financialization and funding liquidity in China	8
How can media attention reveal ESG improvement opportunities? A multi-algorithm machine learning-based approach for Taiwan’s electronics industry	8
Explosiveness in the renewable energy equity sector: International evidence	8
Price impact, strategic interaction and portfolio choice	8
Network volatility, contagion, and two-pillar policies: Insights from Chinese financial sector data	8
From collapse to contagion: How bank failures influence stock markets	7
Understanding the conditional out-of-sample predictive impact of the price of crude oil on aggregate equity return volatility	7
The role of ESG factor in stock clustering based on risk-return-liquidity dimensions	7
How does node centrality in a financial network affect asset price prediction?	7
Dynamic impact of the US yield curve on green bonds: Navigating through recent crises	7
Market risk modeling with option-implied covariances and score-driven dynamics	7
Impact of the COVID-19 outbreak and its related announcements on the Chinese conventional and Islamic stocks’ connectedness	7
Creditable bonds’ multifunctional roles during the COVID-19 pandemic	7
Financial regulatory policy uncertainty: An informative predictor for financial industry stock returns	7
Dependence dynamics of Islamic and conventional equity sectors: What do we learn from the decoupling hypothesis and COVID-19 pandemic?	7
Dynamic interaction of risk–return trade-offs between oil market and China’s stock market: An analysis from the risk preferences perspective	7
The impact of volatility regime dynamics on option pricing	7
Heterogeneous beliefs with information processing capacity constraints and asset pricing in a monetary economy	7
Procyclical variation margins in central clearing	7
Predicting the portfolio risk of high-dimensional international stock indices with dynamic spatial dependence	7
Coordination and non-coordination risks of monetary and macroprudential authorities: A robust welfare analysis	7
Deposit competition and effectiveness of bank capital requirements	7
Cross-market information transmission and stock market volatility prediction	7
The research on non-linear relationship between enterprise digital transformation and stock price crash risk	7
IPO performance and the size effect: Evidence for the US and Canada	7
Editorial Board	7
Optimal consumption and portfolio selection for retirees under inflation and pension default risk	7
Stock index direction forecasting using an explainable eXtreme Gradient Boosting and investor sentiments	7
Which stock price component drives the Amihud illiquidity premium?	7
Editorial Board	7
Editorial Board	7
Regional FinTech development and total factor productivity among firms: Evidence from China	7
Spillover effects of clean energy risks and the impacts of economic policy uncertainty on the stability of the equity market: A dependence dynamics analysis	6
Does climate change matter for bank profitability? Evidence from China	6
Financial stability policy and downside risk in stock returns	6
Multiscale features of extreme risk spillover networks among global stock markets	6
Catastrophe risk with global climate change determines the price of catastrophe equity puts	6
Editorial Board	6
Credit information sharing and corporate debt maturity structure: Evidence from a quasi-natural experiment in China	6
Editorial Board	6
Dynamic and asymmetric effects between carbon emission trading, financial uncertainties, and Chinese industry stocks: Evidence from quantile-on-quantile and causality-in-quantiles analysis	6
The role of digital transformation in mergers and acquisitions	6
Uncertainty about interest rates and the real economy	6
Fund immunity to the COVID-19 pandemic: Evidence from Chinese equity funds	6
Monetary policy spillovers among five systemic economies: Evidence from the time and frequency domains	6
Liquidity indicators, early warning signals in banks, and financial crises	6
Cognitive biases, downside risk shocks, and stock expected returns	6