North American Journal of Economics and Finance

Article	Citations
Bank liquidity supply and corporate investment during the 2008–2009 financial crisis	92
Tail risk and investors’ concerns: Evidence from Brazil	77
Pricing efficiency and asymmetric multifractality of major asset classes before and during COVID-19 crisis	74
How does economic policy uncertainty drive time–frequency connectedness across commodity and financial markets?	66
The impact of the shutdown policy on the asymmetric interdependence structure and risk transmission of cryptocurrency and China’s financial market	62
Network-augmented time-varying parametric portfolio selection: Evidence from the Chinese stock market	60
Infectious diseases tracking and sectoral stock market returns: A quantile regression analysis	52
Beyond death: The impact of a population-wide health shock on life insurance	51
Asymmetric information and inside management trading in the Chinese market	49
Forecasting stock return volatility in data-rich environment: A new powerful predictor	48
Market risks that change domestic diversification benefits	48
US structural drivers of international portfolio returns	47
Editorial Board	47
Contingent factors of the coinsurance function of internal capital markets: Evidence from the US nonlife insurance industry	46
Asymmetric dynamics between the Baltic Dry Index and financial markets during major global economic events	46
Unveiling hidden connections: Spillover among BRICS' cryptocurrency-implied exchange rate discounts and US financial markets	45
Accelerated depreciation of fixed assets and cash dividend distribution	44
The role of investor sentiment and market belief in forecasting V-shaped disposition effect: Evidence from a Bayesian learning process with DSSW model	44
Financial cycle comovement with monetary and macroprudential policy and global factors: Evidence from India	42
Multiperiod portfolio allocation: A study of volatility clustering, non-normalities and predictable returns	41
Contagion effects of external monetary shocks on systemic financial risk in China: Evidence from the Euro area and Japan	40
Robust optimal reinsurance–investment for α-maxmin mean–variance util	40
Effect of sectoral holdings on the flow-performance sensitivity of mutual funds	40
Editorial Board	39
Clustering effects and evolution of the global major 10-year government bond market structure: A network perspective	38

A non-zero-sum investment and reinsurance game between two mean–variance insurers with dynamic CVaR constraints	36
CEO narcissism and asymmetric cost behavior	35
Pecking order of convertible security financing for start-up ventures and overinvestment	35
Optimal incentives for managerial innovation	33
Bank ownership and governance quality in India: Evolution and detection of convergence clubs	31
Does pension fund ownership reduce market manipulation? Evidence from China	31
Downside risk and profitability ratios: The case of the New York Stock Exchange	31
Interdependent capital structure choices and the macroeconomy	30
Editorial Board	30
The impact of offshore exchange rate expectations on onshore exchange rates: The case of Chinese RMB	29
Valuation of callable accreting interest rate swaps: Least squares Monte-Carlo method under Hull-White interest rate model	29
Modeling the unintended consequences of short selling for innovation investment	28
Economic policy uncertainty and industry risk on China’s stock market	28
The influence and predictive powers of mixed-frequency individual stock sentiment on stock returns	28
Investor co-attention and stock return co-movement: Evidence from China’s A-share stock market	28
A new copula for modeling portfolios with skewed, leptokurtic and high-order dependent risk factors	28
An analytical solution for the robust investment-reinsurance strategy with general utilities	28
Ambiguity, limited commitment, and the q theory of investment	27
Multi-step barrier products and static hedging	27
Further evidence on financial information and economic activity forecasts in the United States	27
Tax policy and interregional competition for mobile venture capital by the creative class	26
Editorial Board	26
Did small or large US banks transmit more risk during the Subprime crisis?	26
Are the profitability and investment factors valid ICAPM risk factors? Pre-1963 evidence	25
Life-cycle model with subsistence consumption constraint and state-dependent utilities	25
Geopolitical risk and stock market volatility in emerging markets: A GARCH – MIDAS approach	25
Intraday return predictability in the cryptocurrency markets: Momentum, reversal, or both	25
Regime switches and commonalities of the cryptocurrencies asset class	24
Reassessing the inversion of the Treasury yield curve as a sign of U.S. recessions: Insights from the housing and credit markets	24
Long-term wealth growth portfolio allocation under parameter uncertainty: A non-conservative robust approach	23
The US debt–growth nexus along the business cycle	22
House price synchronization across the US states: The role of structural oil shocks	22
Dispersion in analysts’ target prices and stock returns	22
Board internationalization and corporate social responsibility	21
Does the Central Bank of Peru respond to exchange rate movements? A Bayesian estimation of a New Keynesian DSGE model with FX interventions	21
Network analysis of local currency Asian government bond markets: Assessments of the ABFI and the ABMI	21
A unified entropic pricing framework of option: Using Cressie-Read family of divergences	21
COVID-19 stringency measures and foreign investment: An early assessment	20
The impact of Twitter-based sentiment on US sectoral returns	20
The interrelationship between order flow, exchange rate, and the role of American economic news	20
Unveiling the gold-oil whirl amidst market uncertainty shocks in China	19
Green bonds and traditional and emerging investments: Understanding connectedness during crises	19
Economic policy uncertainty and cost of debt financing: International evidence	18
Is there one safe-haven for various turbulences? The evidence from gold, Bitcoin and Ether	18
The transition of the global financial markets' connectedness during the COVID-19 pandemic	18
ESG rating divergence and stock price crash risk	18
How does investor attention matter for crude oil prices and returns? Evidence from time-frequency quantile causality analysis	18
Time–frequency quantile dependence between Bitcoin and global equity markets	18
Diversified behavioral portfolio as an alternative to Modern Portfolio Theory	17
The economic value of Bitcoin: A volatility timing perspective with portfolio rebalancing	17

Forecasting risk measures using intraday and overnight information	17
Spillover and connectedness among G7 real estate investment trusts: The effects of investor sentiment and global factors	17
Wavelet coherence analysis of returns, volatility and interdependence of the US and the EU money markets: Pre & post crisis	17
The power of market: Venture capital and enterprise digital transformation	17
Risk spillovers among oil, gold, stock, and foreign exchange markets: Evidence from G20 economies	17
Estimating yield spreads volatility using GARCH-type models	17
Forecasting the realized volatility of Energy Stock Market: A multimodel comparison	17
Dynamic credit risk transmissions among global major industries: Evidence from the TVP-VAR spillover approach	17
Closed-form approximations for basket option pricing under normal tempered stable Lévy model	16
Macro topology structure and evolution of Chinese Public Funds’ Co-holding Network	16
Investor sentiment or information content? A simple test for investor sentiment proxies	16
Risk spillover mechanism among commercial banks and FinTech institutions throughout public health emergencies	16
Yield curve trading strategies exploiting sentiment data	16
Does liquidity connectedness affect stock price crash risk? Evidence from China	16
Can hybrid model improve the forecasting performance of stock price index amid COVID-19? Contextual evidence from the MEEMD-LSTM-MLP approach	16
Impact of green finance on low-carbon transformation: Spatial spillover effects in China	16
Copula-MIDAS-TRV model for risk spillover analysis − Evidence from the Chinese stock market	16
Geopolitical risk hedging or timing: Evidence from hedge fund strategies	16
Value at risk and return in Chinese and the US stock markets: Double long memory and fractional cointegration	15
Research on the time-varying effects among green finance markets in China: A fresh evidence from multi-frequency scale perspective	15
Narcissistic leaders and corporate cash Holdings: Evidence in China	15
The COVID-19 Pandemic and Sovereign Bond Risk	15
Risk spillover analysis of China’s financial sectors based on a new GARCH copula quantile regression model	15
How does news-driven monetary policy frictions affect nonperforming loans?--Taking Chinese commercial banks as an example	14
The effects of financial openness and financial efficiency on Chinese macroeconomic volatilities	14
How do precious and industrial metals hedge oil in a multi-frequency semiparametric CVaR portfolio?	14
Stablecoins as the cornerstone in the linkage between the digital and conventional financial markets	14
Cross-region risk spillover between the stock and stock index futures markets under exogenous shocks	14
Exploring the dynamic impact of transaction taxes on market quality in HFT and non-HFT environments: An agent-based modeling approach	14
Pricing of vulnerable exchange options with early counterparty credit risk	14
Economic policy uncertainty and stock market returns: New evidence	14
Financial development and economic growth in a microfounded small open economy model	14
Hedge and safe-haven properties of FAANA against gold, US Treasury, bitcoin, and US Dollar/CHF during the pandemic period	13
Digital finance and misallocation of resources among firms: Evidence from China	13
Investor sentiment and energy futures predictability: Evidence from Feasible Quasi Generalized Least Squares	13
Optimal reinsurance-investment game for two insurers with SAHARA utilities under correlated markets	13
The contagion effect of jump risk across Asian stock markets during the Covid-19 pandemic	13
A kind of new time-weighted nonnegative lasso index-tracking model and its application	13
Trade friction and price discovery in the USD–CAD spot and forward markets	13
Herding in Open-end Funds: Evidence from China	13
Stability and risk contagion in the global sovereign CDS market under Russia-Ukraine conflict	12
Recent evidence on the short-term and long-term performance persistence of emerging-market mutual fund returns	12
Monetary policy and bank performance: The role of business models	12
Time-frequency connectedness of crude oil, economic policy uncertainty and Chinese commodity markets: Evidence from rolling window analysis	12
Exploring the dynamic spillover of cryptocurrency environmental attention across the commodities, green bonds, and environment-related stocks	12
Investor sentiment and stock price jumps: A network analysis based on China’s carbon–neutral sectors	12
The effects of oil price shocks on inflation in the G7 countries	12
Dissecting returns of non-fungible tokens (NFTs): Evidence from CryptoPunks	12
Sources of CEO power and firm mergers & acquisitions——Evidence from Chinese listed family firms	11
Unveiling asymmetric return spillovers with portfolio implications among Indian stock sectors during Covid-19 pandemic	11
Does the Confucianism in audit firms enhance the corporate ESG Disclosure?	11
Re-examining China and the u.s.’s respective green bond markets in extreme conditions: Evidence from quantile connectedness	11
Multiscale dynamic interdependency between China’s crude oil futures and petrochemical-related commodity futures: An integrated perspective from the industry chain system	11
Pricing options on the maximum or the minimum of several assets with default risk	11
A common component of Fama and French factor variances	11
ESG and Stock Price Volatility Risk: Evidence from Chinese A-share Market	11
Active portfolio management in the face of ESG uncertainty: An agile framework for adaptive investment strategies	11
Going Green: Effect of green bond issuance on corporate debt financing costs	11
Does corporate digital transformation improve capital market transparency? Evidence from China	10
Can digital financial inclusion promote female entrepreneurship? Evidence and mechanisms	10
Which uncertainty measure better predicts gold prices? New evidence from a CNN-LSTM approach	10
Impact of government’s support policy on decision-making of platform participants under ESG	10
Real-time GARCH@CARR: A joint model of returns, realized measure of volatility and current intraday information	10
Hand in hand or left behind: The dual impact of leading firms’ digital technologies on industry digital transformation	10
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
Can NFTs hedge the risk of traditional assets after the COVID-19 pandemic?	9
Dynamic time series momentum of cryptocurrencies	9
Do U.S. and Japanese uncertainty shocks play important roles in affecting transition mechanisms of Japanese stock market?	9
Risk spillover from crude oil prices to GCC stock market returns: New evidence during the COVID-19 outbreak	9
Extreme risk spillovers between crude palm oil prices and exchange rates	9
Fintech, strategic incentives and investment to human capital, and MSEs innovation	9
Systemic financial risk early warning of financial market in China using Attention-LSTM model	9
Equilibrium mean–variance reinsurance and investment strategies for a general insurance company under smooth ambiguity	9
Do real estate investors trade on momentum?	9
A penalized U-MIDAS multinomial logit model with applications to corporate credit ratings	9
Dynamic volatility spillovers between industries in the US stock market: Evidence from the COVID-19 pandemic and Black Monday	9
Impact of climate change on dynamic tail-risk connectedness among stock market social sectors: Evidence from the US, Europe, and China	9
Predictability of tail risks of Canada and the U.S. Over a Century: The role of spillovers and oil tail Risks☆	9
Stock-level sentiment contagion and the cross-section of stock returns	9
Optimal investment under high-water mark contracts with model ambiguity	9

Multi-step double barrier options under time-varying interest rates	9
Pricing European continuous-installment currency options with mean-reversion	9
Collateral policy of the central bank and corporate financing costs: Evidence from China	9
Finance and collusion in oligopolistic markets	9
The effect of interconnectivity on stock returns during the Global Financial Crisis	9
Analysis of the cross-region risk contagion effect in stock market based on volatility spillover networks: Evidence from China	9
Impact of Off-Balance-Sheet Activities on the Effectiveness of Monetary Policy	8
Valuing three-asset barrier options and autocallable products via exit probabilities of Brownian bridge	8
Multi-player dynamic game model for Bitcoin transaction bidding prediction	8
Reaction of the U.S. Treasury market to economic news when intrapersonal uncertainty and interpersonal disagreement are high	8
Limitations of portfolio diversification through fat tails of the return Distributions: Some empirical evidence	8
Official or unofficial? extreme bounds analysis on the determinants of sovereign default	8
Terms of trade or market power? Further evidence from dynamic spillovers in return and volatility between Malaysian crude palm oil and foreign exchange markets	8
Strategic information leakage with market supervision	8
Who is more important, parents or children? Economic and environmental factors and health insurance purchase	8
Does organization capital matter? An analysis of the performance implications of CEO power	8
Determinants of CDS in core and peripheral European countries: A comparative study during crisis and calm periods	8
Economic uncertainty and corporate cash holdings: Evidence from Taiwan	8
Evaluation of volatility spillovers for asymmetric realized covariance	8
Can real-time investor sentiment help predict the high-frequency stock returns? Evidence from a mixed-frequency-rolling decomposition forecasting method	8
Topological properties of reconstructed credit networks and banking systemic risk	8
Is Bitcoin a better hedging and safe-haven investment than traditional assets against currencies? Evidence from the time-frequency domain approach	8
Systemic risk of Chinese financial institutions and asset price bubbles	8
Rushing through the clouds, or waiting to die? The effect of the green credit policy on heavily polluting firms	8
Stock Market’s responses to intraday investor sentiment	8
Investor sentiment response to COVID-19 outbreak-related news: A sectoral analysis of US firms	7
International oil shocks and the volatility forecasting of Chinese stock market based on machine learning combination models	7
Time-frequency co-movement and network connectedness between green bond and financial asset markets: Evidence from multiscale TVP-VAR analysis	7
Editorial Board	7
Economic policy uncertainty, macroeconomic shocks, and systemic risk: Evidence from China	7
Stock market reactions to upside and downside volatility of Bitcoin: A quantile analysis	7
Valuation of piecewise linear barrier options	7
Herding behavior in the cryptocurrency market during COVID-19 pandemic: The role of media coverage	7
What are the determinants and managerial motivations for employee ownership in retirement pension plans?	7
Analytical valuation of vulnerable chained options	7
Information asymmetry, sentiment interactions, and asset price	7
Dynamic volatility spillover among cryptocurrencies and energy markets: An empirical analysis based on a multilevel complex network	7
Cross-regional connectedness of financial market: Measurement and determinants	7
The COVID-19 pandemic uncertainty, investor sentiment, and global equity markets: Evidence from the time-frequency co-movements	7
Predicting financial distress in Latin American companies: A comparative analysis of logistic regression and random forest models	7
Economic fundamentals, policy responses, and state-level municipal bond sensitivity to COVID-19 prevalence	7
The effects of formal and informal CEO power on debt policy persistence	7
Is the cash-returns relationship risk induced?	6
Unraveling the multiscale comovement of green bonds and structural shocks: An oil-driven analysis	6
The effect of output and the real exchange rate on equity price dynamics	6
Who speaks louder, financial instruments or credit rating agencies? Analyzing the effects of different sovereign risk measures on interest rates in Brazil	6
Democracy and dividend policy around the world	6
The default contagion of contingent convertible bonds in financial network	6
Interactions between financial constraints and economic growth	6
Application of the LPPL model in the identification and measurement of structural bubbles in the Chinese stock market	6
Moral hazard, debt overhang and capital structure	6
Downside liquidity risk premium: From the perspective of higher moment	6
Time-frequency transmission mechanism of EPU, investor sentiment and financial assets: A multiscale TVP-VAR connectedness analysis	6
Peer effect on dividends and return comovement	6
Volatility forecasting in the Bitcoin market: A new proposed measure based on the VS-ACARR approach	6
Multidimensional noise and non-fundamental information diversity	6
The impact of revenue diversification on profitability, capital, and risk in US banks by size	6
The intermediating role of the Chinese renminbi in Asian currency markets: Evidence from partial wavelet coherence	6
Private benefits from control block trades in the Spanish stock exchange	6
The valuation of real options for risky barrier to entry with hybrid stochastic and local volatility and stochastic investment costs	6
US banks efficiency after global financial crisis: Transient and persistent decomposition	6
The dark side of stock market liberalization: Perspectives from corporate R&D activities in China	6
Editorial Board	6
Investor protection, hedge fund leverage and valuation	6
Disclosure quality, price efficiency, and expected returns	6
The time-varying risk–return trade-off and its explanatory and predictive factors	6
Network analysis on Bitcoin arbitrage opportunities	6
Independent director tenure and corporate transparency	5
Evolution of price effects after one-day abnormal returns in the US stock market	5
Searching for informed traders in stock markets: The case of Banco Popular	5
Quantifying China’s financial reach up through the pandemic: The African experience	5
Dynamic spillover and connectedness between oil futures and European bonds	5
Cross-shareholding network and corporate bond financing cost in China	5
Spillovers of U.S. market volatility and monetary policy uncertainty to global stock markets	5
Addressing the financial impact of natural disasters in the era of climate change	5
Liquidity and asset pricing: Evidence from the Chinese stock markets	5
How does the money market development impact the bank lending channel of emerging Countries? A case from China	5
Models of optimal contract in lending: Evaluating the impact of diversified versus focused policies on riskiness of borrower base	5
Optimal consumption and portfolio choices in the stochastic SIS model	5
A new approach to capital control for emerging market economies	5
A novel estimation of time-varying quantile correlation for financial contagion detection	5
Is a co-jump in prices a sparse jump?	5
Cryptocurrency market spillover in times of uncertainty	5
How can investors build a better portfolio in small open economies? Evidence from Asia’s Four Little Dragons	5
How macroeconomic conditions affect systemic risk in the short and long-run?	5
Heterogeneous beliefs with herding behaviors and asset pricing in two goods world	5
Deregulation of short selling and corporate cash dividend policy: A quasi-natural experiment from China	5
CEO optimism, CEO selection, compensation, and corporate investment decision: The case of CEOs who were rehired as CEOs by another firms after turnover	5
Economic policy uncertainty, oil price volatility and stock market returns: Evidence from a nonlinear model	5
Continuous wavelet analysis of Chinese renminbi: Co-movement and lead-lag relationship between onshore and offshore exchange rates	5
Green bonds and clean energy stocks: Safe havens against global uncertainties? A wavelet quantile-based examination	5
Contagion testing in frontier markets under alternative stressful S&P 500 market scenarios	5
The impact of outcome uncertainty on corporate investment compensation peer effects	5
Can monthly-return rank order reveal a hidden dimension of momentum? The post-cost evidence from the U.S. stock markets	4
How do technological innovations affect corporate investment and hiring?	4