North American Journal of Economics and Finance

Article	Citations
Oil price shocks, geopolitical risks, and green bond market dynamics	166
Can crude oil drive the co-movement in the international stock market? Evidence from partial wavelet coherence analysis	73
Forecasting stock index price using the CEEMDAN-LSTM model	67
Connectedness and systemic risk spillovers analysis of Chinese sectors based on tail risk network	64
“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet	63
Impact of COVID-19 pandemic on stock markets: Conventional vs. Islamic indices using wavelet-based multi-timescales analysis	59
The impact of China’s one belt one road initiative on international trade in the ASEAN region	59
Efficient predictability of stock return volatility: The role of stock market implied volatility	58
Risk spillover and network connectedness analysis of China’s green bond and financial markets: Evidence from financial events of 2015–2020	58
Accessibility of financial services and household consumption in China: Evidence from micro data	55
Visiting the effects of oil price shocks on exchange rates: Quantile-on-quantile and causality-in-quantiles approaches	51
Forecasting stock market returns: New technical indicators and two-step economic constraint method	50
Why cryptocurrency markets are inefficient: The impact of liquidity and volatility	50
Risk spillover between Bitcoin and conventional financial markets: An expectile-based approach	47
COVID-19 and asymmetric volatility spillovers across global stock markets	47
Is there one safe-haven for various turbulences? The evidence from gold, Bitcoin and Ether	43
Risk spillover from crude oil prices to GCC stock market returns: New evidence during the COVID-19 outbreak	43
How does FinTech affect the development of the digital economy? Evidence from China	42
Multiscale financial risk contagion between international stock markets: Evidence from EMD-Copula-CoVaR analysis	39
Risk spillovers between cryptocurrencies and traditional currencies and gold under different global economic conditions	38
Adaptive market hypothesis: The story of the stock markets and COVID-19 pandemic	38
Revisiting the safe haven role of Gold across time and frequencies during the COVID-19 pandemic	36
Systemic financial risk early warning of financial market in China using Attention-LSTM model	36
The role of insurance growth in economic growth: Fresh evidence from a panel of OECD countries	36
Analysis of the impact of COVID-19 pandemic on G20 stock markets	36

A comparative study of forecasting corporate credit ratings using neural networks, support vector machines, and decision trees	35
Time-frequency connectedness of crude oil, economic policy uncertainty and Chinese commodity markets: Evidence from rolling window analysis	35
Financial innovation and bank growth: The role of institutional environments	33
Time and frequency connectedness and portfolio diversification between cryptocurrencies and renewable energy stock markets during COVID-19	33
The effects of oil price shocks on inflation in the G7 countries	32
Economic policy uncertainty and cost of debt financing: International evidence	31
Dynamic behaviors and contributing factors of volatility spillovers across G7 stock markets	31
The impact of economic uncertainty and geopolitical risks on bank credit	31
Non-linear causal linkages of EPU and gold with major cryptocurrencies during bull and bear markets	30
The dynamic impact of oil price shocks on the stock market and the USD/RMB exchange rate: Evidence from implied volatility indices	30
The economic and financial properties of crude oil: A review	30
Carbon option price forecasting based on modified fractional Brownian motion optimized by GARCH model in carbon emission trading	30
How do stock price indices absorb the COVID-19 pandemic shocks?	29
Asymmetric volatility connectedness among U.S. stock sectors	28
Oil price uncertainty and movements in the US government bond risk premia	28
Liquidity creation and bank profitability	27
The COVID-19 Pandemic and Sovereign Bond Risk	27
Dynamic volatility spillovers between industries in the US stock market: Evidence from the COVID-19 pandemic and Black Monday	27
Economic policy uncertainty and stock market returns: New evidence	27
Analysis of the impact of Sino-US trade friction on China’s stock market based on complex networks	27
Systemic risk of Chinese financial institutions and asset price bubbles	26
Forecasting the Chinese stock market volatility with international market volatilities: The role of regime switching	25
Exploring the dynamic spillover of cryptocurrency environmental attention across the commodities, green bonds, and environment-related stocks	25
The impact of COVID-19 on the G7 stock markets: A time-frequency analysis	25
Time–frequency quantile dependence between Bitcoin and global equity markets	25
The nonlinear effect of oil price shocks on financial stress: Evidence from China	25
CEO duality, information costs, and firm performance	24
The impact of financial technology on China’s banking industry: An application of the metafrontier cost Malmquist productivity index	24
Factors affecting institutional investors to add crypto-currency to asset portfolios	24
CEO overconfidence and labor investment efficiency	24
Customer concentration and corporate innovation: Evidence from China	24
Can digital financial inclusion promote female entrepreneurship? Evidence and mechanisms	23
Risk spillover analysis across worldwide ESG stock markets: New evidence from the frequency-domain	23
Do cryptocurrencies provide better hedging? Evidence from major equity markets during COVID-19 pandemic	22
Investor sentiment and Bitcoin relationship: A quantile-based analysis	22
Does oil price variability affect the long memory and weak form efficiency of stock markets in top oil producers and oil Consumers? Evidence from an asymmetric MF-DFA approach	22
Herding in the bad times: The 2008 and COVID-19 crises	22
Herding behavior in the cryptocurrency market during COVID-19 pandemic: The role of media coverage	22
Risk spillovers and hedge strategies between global crude oil markets and stock markets: Do regime switching processes combining long memory and asymmetry matter?	22
Income diversification and bank risk in Asia Pacific	22
Time-frequency co-movements between bank credit supply and economic growth in an emerging market: Does the bank ownership structure matter?	21
Wavelet coherence analysis of returns, volatility and interdependence of the US and the EU money markets: Pre & post crisis	21
Market volatility and illiquidity during the COVID-19 outbreak: Evidence from the Saudi stock exchange through the wavelet coherence approaches	21
Geopolitical risk and stock market volatility in emerging markets: A GARCH – MIDAS approach	21
Dynamic spillover and connectedness between oil futures and European bonds	20
Liquidity, earnings management, and stock expected returns	20
COVID-19 related media sentiment and the yield curve of G-7 economies	20
Forecast on silver futures linked with structural breaks and day-of-the-week effect	19
Is corporate tax avoidance associated with investment efficiency?	19
Improving the realized GARCH’s volatility forecast for Bitcoin with jump-robust estimators	19

Spillovers between sovereign CDS and exchange rate markets: The role of market fear	19
The value of implementing enterprise risk management: Evidence from Taiwan’s financial industry	19
Economic policy uncertainty and stock market sector time-varying spillover effect: Evidence from China	18
Measuring systemic risk of the Chinese banking industry: A wavelet-based quantile regression approach	18
The COVID-19 pandemic uncertainty, investor sentiment, and global equity markets: Evidence from the time-frequency co-movements	18
Did the introduction of Bitcoin futures crash the Bitcoin market at the end of 2017?	18
The impact of non-performing loans on bank lending in Europe: An empirical analysis	18
Value investing versus other investment strategies: A volatility spillover approach and portfolio hedging strategies for investors	17
Retail investors’ trading and stock market liquidity	17
Financial development and economic growth in a microfounded small open economy model	17
The outbreak of COVID-19 and stock market liquidity: Evidence from emerging and developed equity markets	17
Economic uncertainty, oil prices, hedging and U.S. stock returns of the airline industry	17
Connectedness of commodity, exchange rate and categorical economic policy uncertainties — Evidence from China	17
Multiscale features of extreme risk spillover networks among global stock markets	17
Time-varying asymmetric volatility spillover between global markets and China’s A, B and H-shares using EGARCH and DCC-EGARCH models	17
Dynamic volatility transmission and portfolio management across major cryptocurrencies: Evidence from hourly data	17
The impact of the macroeconomic factors in the bank efficiency: Evidence from the Chinese city banks	16
Multi-scale systemic risk and spillover networks of commodity markets in the bullish and bearish regimes	16
Spillovers and diversification potential of bank equity returns from developed and emerging America	16
The asymmetric effect of crude oil prices on stock prices in major international financial markets	16
The effect of economic policy uncertainty on China’s housing market	16
The blind power: Power-led CEO overconfidence and M&A decision making	16
Does transaction activity predict Bitcoin returns? Evidence from quantile-on-quantile analysis	16
Impacts of COVID-19 on global stock sectors: Evidence from time-varying connectedness and asymmetric nexus analysis	16
Contagion effects and risk transmission channels in the housing, stock, interest rate and currency markets: An Empirical Study in China and the U.S.	16
Stock market reactions to upside and downside volatility of Bitcoin: A quantile analysis	15
Forecasting solar stock prices using tree-based machine learning classification: How important are silver prices?	15
Network VAR models to measure financial contagion	15
Bank profitability in the Eurasian Economic Union: Do funding liquidity and systemic importance matter?	15
Pricing efficiency and asymmetric multifractality of major asset classes before and during COVID-19 crisis	15
Time-dependent lead-lag relationships between the VIX and VIX futures markets	15
Bank systemic risk and CEO overconfidence	15
Sensitivity of US equity returns to economic policy uncertainty and investor sentiments	15
VIX forecasting based on GARCH-type model with observable dynamic jumps: A new perspective	15
A study of the efficiency of the Chinese clean energy stock market and its correlation with the crude oil market based on an asymmetric multifractal scaling behavior analysis	15
How have the dependence structures between stock markets and economic factors changed during the COVID-19 pandemic?	15
What drives dynamic connectedness of the U.S equity sectors during different business cycles?	14
The role of the board and the audit committee in corporate risk management	14
Holding risky financial assets and subjective wellbeing: Empirical evidence from China	14
Liquidity indicators, early warning signals in banks, and financial crises	14
A study on the bursting point of Bitcoin based on the BSADF and LPPLS methods	14
The influence of international oil price fluctuation on the exchange rate of countries along the “Belt and Road”	13
Time-varying lead–lag structure between investor sentiment and stock market	13
Time-frequency effect of crude oil and exchange rates on stock markets in BRICS countries: Evidence from wavelet quantile regression analysis	13
House price synchronization across the US states: The role of structural oil shocks	13
Contagion effect of systemic risk among industry sectors in China’s stock market	13
Individual new energy consumption and economic growth in China	13
Liquidity and firm value in an emerging market: Nonlinearity, political connections and corporate ownership	13
Stablecoins as a tool to mitigate the downside risk of cryptocurrency portfolios	13
Analysis of the cross-region risk contagion effect in stock market based on volatility spillover networks: Evidence from China	13
Intraday return predictability in the cryptocurrency markets: Momentum, reversal, or both	13
Does government funding promote or inhibit the financialization of manufacturing enterprises? Evidence from listed Chinese enterprises	12
The effects of exchange rate fluctuations on the stock market and the affecting mechanisms: Evidence from BRICS countries	12
Contagion between real estate and financial markets: A Bayesian quantile-on-quantile approach	12
Institutional quality and corporate financing decisions around the world	12
Connectedness of non-fungible tokens and conventional cryptocurrencies with metals	12
Is Bitcoin a better hedging and safe-haven investment than traditional assets against currencies? Evidence from the time-frequency domain approach	12
Overnight stock returns, intraday returns, and firm-specific investor sentiment	12
Spillover effects in oil-related CDS markets during and after the sub-prime crisis	12
Derivatives market and economic growth nexus: Policy implications for emerging markets	12
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	12
COVID-19 stringency measures and foreign investment: An early assessment	12
Economic uncertainty and national bitcoin trading activity	12
Foreign direct investment and financial markets influences: Results from the United States	11
An evolutionary game theory model for the inter-relationships between financial regulation and financial innovation	11
Dynamic spillovers and linkages between gold, crude oil, S&P 500, and other economic and financial variables. Evidence from the USA	11
Digital finance and misallocation of resources among firms: Evidence from China	11
Dependence dynamics of Islamic and conventional equity sectors: What do we learn from the decoupling hypothesis and COVID-19 pandemic?	11
Exploring the development trend of internet finance in China: Perspective from club convergence	11
Stock Market’s responses to intraday investor sentiment	11
How does economic policy uncertainty drive time–frequency connectedness across commodity and financial markets?	11
Time-frequency causality and dependence structure between crude oil, EPU and Chinese industry stock: Evidence from multiscale quantile perspectives	11
Oil, Gas, or Financial Conditions-Which One Has a Stronger Link with Growth?	11
Herding in Open-end Funds: Evidence from China	11
Price effects after one-day abnormal returns in developed and emerging markets: ESG versus traditional indices	10
Impact of CEO narcissism and hubris on corporate sustainability and firm performance	10
Knowledge capital, CEO power, and firm value: Evidence from the IT industry	10
Partial cross-quantilogram networks: Measuring quantile connectedness of financial institutions	10
Predictability of tail risks of Canada and the U.S. Over a Century: The role of spillovers and oil tail Risks☆	10
Exchange rate regimes and market integration: evidence from the dynamic relations between renminbi onshore and offshore markets	10

Forecasting risk in the US Dollar exchange rate under volatility shifts	10
Industry risk transmission channels and the spillover effects of specific determinants in China’s stock market: A spatial econometrics approach	10
Spatial analysis of liquidity risk in China	10
Group penalized logistic regressions predict up and down trends for stock prices	10
Who is more important, parents or children? Economic and environmental factors and health insurance purchase	10
Estimating yield spreads volatility using GARCH-type models	10
News will tell: Forecasting foreign exchange rates based on news story events in the economy calendar	10
Forecasting stock market volatility: Can the risk aversion measure exert an important role?	10
The ‘COVID’ crash of the 2020 U.S. Stock market	10
Interconnectivity among cryptocurrencies, NFTs, and DeFi: Evidence from the Russia-Ukraine conflict	10
Dependent relationships between Chinese commodity markets and the international financial market: Evidence from quantile time-frequency analysis	10
Asymmetric dependence structures for regional stock markets: An unconditional quantile regression approach	10
Stablecoins as the cornerstone in the linkage between the digital and conventional financial markets	10
Hedge and safe-haven properties of FAANA against gold, US Treasury, bitcoin, and US Dollar/CHF during the pandemic period	10
Time-frequency transmission mechanism of EPU, investor sentiment and financial assets: A multiscale TVP-VAR connectedness analysis	9
Identifying states of global financial market based on information flow network motifs	9
News sentiment, credit spreads, and information asymmetry	9
Investment committees and corporate cash holdings	9
Incorporating the RMB internationalization effect into its exchange rate volatility forecasting	9
Spillover and connectedness among G7 real estate investment trusts: The effects of investor sentiment and global factors	9
Heterogeneity dependence between oil prices and exchange rate: Evidence from a parametric test of Granger causality in quantiles	9
Hedging and pricing early-exercise options with complex fourier series expansion	9
Spillovers of U.S. market volatility and monetary policy uncertainty to global stock markets	9
The impact of COVID-19 on the tourism and hospitality Industry: Evidence from international stock markets	9
A novel two-stage method for well-diversified portfolio construction based on stock return prediction using machine learning	9
How does the money market development impact the bank lending channel of emerging Countries? A case from China	9
Do alternative energy markets provide optimal alternative investment opportunities?	9
Regime switches and commonalities of the cryptocurrencies asset class	9
Are Google searches making the Bitcoin market run amok? A tail event analysis	9
The dynamic connectedness and hedging opportunities of implied and realized volatility: Evidence from clean energy ETFs	9
Catastrophe bond spread and hurricane arrival frequency	9
The empirical linkages among market returns, return volatility, and trading volume: Evidence from the S&P 500 VIX Futures	9
Evolution of price effects after one-day abnormal returns in the US stock market	9
What drives the liquidity premium in the Chinese stock market?	9
Dynamic time series momentum of cryptocurrencies	9
Time-varying impact of monetary policy shocks on US stock returns: The role of investor sentiment	9
How does investor attention matter for crude oil prices and returns? Evidence from time-frequency quantile causality analysis	9
How does HFT activity impact market volatility and the bid-ask spread after an exogenous shock? An empirical analysis on S&P 500 ETF	9
Asymmetric determinants of corporate bond credit spreads in China: Evidence from a nonlinear ARDL model	8
Nonlinear dynamics of gold and the dollar	8
Dynamic volatility modelling of Bitcoin using time-varying transition probability Markov-switching GARCH model	8
How can investors build a better portfolio in small open economies? Evidence from Asia’s Four Little Dragons	8
Liquidity and asset pricing: Evidence from the Chinese stock markets	8
What factor contributes to productivity growth of Chinese city banks: The role of regional difference	8
The financial investment decision of non-financial firms in China	8
Global convergence of inflation rates	8
Modelling international sovereign risk information spillovers: A multilayer network approach	8
Supply chain finance and impacts of consumers’ sustainability awareness	8
Does transparency of central banks communication affect credit market? Empirical evidence for advanced and emerging markets	8
Valuing spread options with counterparty risk and jump risk	8
Risk spillover analysis of China’s financial sectors based on a new GARCH copula quantile regression model	8
Modeling non-normal corporate bond yield spreads by copula	8
Geopolitical risks and investor sentiment: Causality and TVP-VAR analysis	8
The impact of fertility policy on the actuarial balance of China’s urban employee basic medical insurance fund–The selective two-child policy vs. the universal two-child policy	8
Valuation of options on the maximum of two prices with default risk under GARCH models	8
Tornado activity, house prices, and stock returns	8
Stock index futures price prediction using feature selection and deep learning	8
Time-frequency co-movement and network connectedness between green bond and financial asset markets: Evidence from multiscale TVP-VAR analysis	8
Corporate cash holdings and total factor productivity – A global analysis	8
The momentum and reversal effects of investor sentiment on stock prices	8
The impact of the shutdown policy on the asymmetric interdependence structure and risk transmission of cryptocurrency and China’s financial market	8
A novel LASSO – TLBO – SVR hybrid model for an efficient portfolio construction	8
Optimal effort in the principal-agent problem with time-inconsistent preferences	8
Dynamic and asymmetric effects between carbon emission trading, financial uncertainties, and Chinese industry stocks: Evidence from quantile-on-quantile and causality-in-quantiles analysis	7
Does CEO-chairman dialect similarity affect stock price informativeness for Chinese listed firms?	7
Returns, volatility and spillover – A paradigm shift in India?	7
Empirical modeling of high-income and emerging stock and Forex market return volatility using Markov-switching GARCH models	7
The Fama-French’s five-factor model relation with interest rates and macro variables	7
Cross-region risk spillover between the stock and stock index futures markets under exogenous shocks	7
The contagion effect of jump risk across Asian stock markets during the Covid-19 pandemic	7
Spillover effect of economic policy uncertainty on the stock market in the post-epidemic era	7
New empirical assessment of export price competitiveness: Industry-specific real effective exchange rates in Asia	7
Directors’ prior life experience and corporate donations: Evidence from China	7
Interactions between investors’ fear and greed sentiment and Bitcoin prices	7
Global stock markets risk contagion: Evidence from multilayer connectedness networks in the frequency domain	7
Optimal investment and reinsurance policies for an insurer with ambiguity aversion	7
Diversified behavioral portfolio as an alternative to Modern Portfolio Theory	7
Impact of Basel III liquidity regulations on U.S. Bank performance in different conditional profitability spectrums	7
Extreme dependence and spillovers between uncertainty indices and stock markets: Does the US market play a major role?	7
Risk contagion in the banking network: New evidence from China	7
Hedging the extreme risk of cryptocurrency	7
Does diversification promote systemic risk?	7
The double-edged sword effect of diversified operation on pre- and post-loan risk in the government-led Chinese commercial banks	7
Infectious diseases tracking and sectoral stock market returns: A quantile regression analysis	7
Valuation of piecewise linear barrier options	6
Factors affecting delinquency of household credit in the U.S.: Does consumer sentiment play a role?	6
Time-varying risk spillovers in Chinese stock market – New evidence from high-frequency data	6
Corporate governance and the insolvency risk of financial institutions	6
Targeted monetary policy and agriculture business loans	6
Current account and credit growth: The role of household credit and financial depth	6
Time-varying beta in functional factor models: Evidence from China	6
Disclosure quality, price efficiency, and expected returns	6
Government support and bank performance during the 2007–2008 financial crisis	6
Identifying credit demand, financial intermediation, and supply of funds shocks: A structural VAR approach	6
Does inequality help in forecasting equity premium in a panel of G7 countries?	6