North American Journal of Economics and Finance

Article	Citations
Oil price shocks, geopolitical risks, and green bond market dynamics	201
Forecasting stock index price using the CEEMDAN-LSTM model	92
Risk spillover and network connectedness analysis of China’s green bond and financial markets: Evidence from financial events of 2015–2020	77
“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet	77
Connectedness and systemic risk spillovers analysis of Chinese sectors based on tail risk network	77
Impact of COVID-19 pandemic on stock markets: Conventional vs. Islamic indices using wavelet-based multi-timescales analysis	70
The impact of China’s one belt one road initiative on international trade in the ASEAN region	68
Risk spillover from crude oil prices to GCC stock market returns: New evidence during the COVID-19 outbreak	62
How does FinTech affect the development of the digital economy? Evidence from China	60
Risk spillover between Bitcoin and conventional financial markets: An expectile-based approach	59
COVID-19 and asymmetric volatility spillovers across global stock markets	59
Risk spillovers between cryptocurrencies and traditional currencies and gold under different global economic conditions	49
A comparative study of forecasting corporate credit ratings using neural networks, support vector machines, and decision trees	49
The impact of economic uncertainty and geopolitical risks on bank credit	49
Time-frequency connectedness of crude oil, economic policy uncertainty and Chinese commodity markets: Evidence from rolling window analysis	48
Is there one safe-haven for various turbulences? The evidence from gold, Bitcoin and Ether	48
Analysis of the impact of COVID-19 pandemic on G20 stock markets	46
Systemic financial risk early warning of financial market in China using Attention-LSTM model	45
Adaptive market hypothesis: The story of the stock markets and COVID-19 pandemic	44
Multiscale financial risk contagion between international stock markets: Evidence from EMD-Copula-CoVaR analysis	44
Time and frequency connectedness and portfolio diversification between cryptocurrencies and renewable energy stock markets during COVID-19	42
Asymmetric volatility connectedness among U.S. stock sectors	42
Geopolitical risk and stock market volatility in emerging markets: A GARCH – MIDAS approach	41
Carbon option price forecasting based on modified fractional Brownian motion optimized by GARCH model in carbon emission trading	41
Economic policy uncertainty and cost of debt financing: International evidence	40

How do stock price indices absorb the COVID-19 pandemic shocks?	40
Dynamic volatility spillovers between industries in the US stock market: Evidence from the COVID-19 pandemic and Black Monday	40
Exploring the dynamic spillover of cryptocurrency environmental attention across the commodities, green bonds, and environment-related stocks	39
Revisiting the safe haven role of Gold across time and frequencies during the COVID-19 pandemic	39
Can digital financial inclusion promote female entrepreneurship? Evidence and mechanisms	39
Systemic risk of Chinese financial institutions and asset price bubbles	36
Non-linear causal linkages of EPU and gold with major cryptocurrencies during bull and bear markets	35
The effects of oil price shocks on inflation in the G7 countries	35
Economic policy uncertainty and stock market returns: New evidence	35
The dynamic impact of oil price shocks on the stock market and the USD/RMB exchange rate: Evidence from implied volatility indices	34
The impact of financial technology on China’s banking industry: An application of the metafrontier cost Malmquist productivity index	33
Customer concentration and corporate innovation: Evidence from China	33
Risk spillover analysis across worldwide ESG stock markets: New evidence from the frequency-domain	31
CEO overconfidence and labor investment efficiency	31
Herding in the bad times: The 2008 and COVID-19 crises	31
Factors affecting institutional investors to add crypto-currency to asset portfolios	31
Liquidity creation and bank profitability	30
Herding behavior in the cryptocurrency market during COVID-19 pandemic: The role of media coverage	30
Multi-scale systemic risk and spillover networks of commodity markets in the bullish and bearish regimes	30
Investor sentiment and Bitcoin relationship: A quantile-based analysis	29
The COVID-19 Pandemic and Sovereign Bond Risk	29
Risk spillovers and hedge strategies between global crude oil markets and stock markets: Do regime switching processes combining long memory and asymmetry matter?	28
Dynamic spillover and connectedness between oil futures and European bonds	28
Value investing versus other investment strategies: A volatility spillover approach and portfolio hedging strategies for investors	28
CEO duality, information costs, and firm performance	28
The impact of COVID-19 on the G7 stock markets: A time-frequency analysis	28
Spillovers between sovereign CDS and exchange rate markets: The role of market fear	28
Time-frequency co-movements between bank credit supply and economic growth in an emerging market: Does the bank ownership structure matter?	27
Time–frequency quantile dependence between Bitcoin and global equity markets	27
Connectedness of commodity, exchange rate and categorical economic policy uncertainties — Evidence from China	27
The nonlinear effect of oil price shocks on financial stress: Evidence from China	27
Do cryptocurrencies provide better hedging? Evidence from major equity markets during COVID-19 pandemic	26
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	26
Income diversification and bank risk in Asia Pacific	26
Stablecoins as a tool to mitigate the downside risk of cryptocurrency portfolios	25
The impact of non-performing loans on bank lending in Europe: An empirical analysis	25
Geopolitical risks and investor sentiment: Causality and TVP-VAR analysis	25
Economic policy uncertainty and stock market sector time-varying spillover effect: Evidence from China	25
Multiscale features of extreme risk spillover networks among global stock markets	25
Market volatility and illiquidity during the COVID-19 outbreak: Evidence from the Saudi stock exchange through the wavelet coherence approaches	25
Dynamic volatility transmission and portfolio management across major cryptocurrencies: Evidence from hourly data	24
The asymmetric effect of crude oil prices on stock prices in major international financial markets	24
COVID-19 related media sentiment and the yield curve of G-7 economies	24
Retail investors’ trading and stock market liquidity	22
Liquidity, earnings management, and stock expected returns	22
Pricing efficiency and asymmetric multifractality of major asset classes before and during COVID-19 crisis	22
Time-varying asymmetric volatility spillover between global markets and China’s A, B and H-shares using EGARCH and DCC-EGARCH models	22
Sensitivity of US equity returns to economic policy uncertainty and investor sentiments	22
Digital finance and misallocation of resources among firms: Evidence from China	22
Economic uncertainty, oil prices, hedging and U.S. stock returns of the airline industry	22

Impacts of COVID-19 on global stock sectors: Evidence from time-varying connectedness and asymmetric nexus analysis	22
Financial development and economic growth in a microfounded small open economy model	22
Measuring systemic risk of the Chinese banking industry: A wavelet-based quantile regression approach	21
The value of implementing enterprise risk management: Evidence from Taiwan’s financial industry	21
Wavelet coherence analysis of returns, volatility and interdependence of the US and the EU money markets: Pre & post crisis	21
The outbreak of COVID-19 and stock market liquidity: Evidence from emerging and developed equity markets	21
Time-frequency co-movement and network connectedness between green bond and financial asset markets: Evidence from multiscale TVP-VAR analysis	21
Connectedness of non-fungible tokens and conventional cryptocurrencies with metals	21
The COVID-19 pandemic uncertainty, investor sentiment, and global equity markets: Evidence from the time-frequency co-movements	21
Did the introduction of Bitcoin futures crash the Bitcoin market at the end of 2017?	20
What drives dynamic connectedness of the U.S equity sectors during different business cycles?	20
Forecasting solar stock prices using tree-based machine learning classification: How important are silver prices?	20
A study on the bursting point of Bitcoin based on the BSADF and LPPLS methods	20
The effect of economic policy uncertainty on China’s housing market	19
Does transaction activity predict Bitcoin returns? Evidence from quantile-on-quantile analysis	19
Intraday return predictability in the cryptocurrency markets: Momentum, reversal, or both	19
Network VAR models to measure financial contagion	19
Stablecoins as the cornerstone in the linkage between the digital and conventional financial markets	18
Interconnectivity among cryptocurrencies, NFTs, and DeFi: Evidence from the Russia-Ukraine conflict	18
Time-frequency effect of crude oil and exchange rates on stock markets in BRICS countries: Evidence from wavelet quantile regression analysis	18
Spillovers and diversification potential of bank equity returns from developed and emerging America	18
Interactions between investors’ fear and greed sentiment and Bitcoin prices	18
Holding risky financial assets and subjective wellbeing: Empirical evidence from China	18
Herding in Open-end Funds: Evidence from China	18
The impact of the macroeconomic factors in the bank efficiency: Evidence from the Chinese city banks	18
Bank profitability in the Eurasian Economic Union: Do funding liquidity and systemic importance matter?	18
Stock market reactions to upside and downside volatility of Bitcoin: A quantile analysis	18
The role of the board and the audit committee in corporate risk management	17
Liquidity indicators, early warning signals in banks, and financial crises	17
Contagion between real estate and financial markets: A Bayesian quantile-on-quantile approach	17
Stock Market’s responses to intraday investor sentiment	17
Economic uncertainty and national bitcoin trading activity	17
How have the dependence structures between stock markets and economic factors changed during the COVID-19 pandemic?	17
Dynamic spillovers and linkages between gold, crude oil, S&P 500, and other economic and financial variables. Evidence from the USA	17
Contagion effects and risk transmission channels in the housing, stock, interest rate and currency markets: An Empirical Study in China and the U.S.	17
Price effects after one-day abnormal returns in developed and emerging markets: ESG versus traditional indices	17
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	17
Stock index futures price prediction using feature selection and deep learning	17
Who is more important, parents or children? Economic and environmental factors and health insurance purchase	17
The ‘COVID’ crash of the 2020 U.S. Stock market	16
Time-frequency causality and dependence structure between crude oil, EPU and Chinese industry stock: Evidence from multiscale quantile perspectives	16
Is Bitcoin a better hedging and safe-haven investment than traditional assets against currencies? Evidence from the time-frequency domain approach	16
Spillover and connectedness among G7 real estate investment trusts: The effects of investor sentiment and global factors	16
Does government funding promote or inhibit the financialization of manufacturing enterprises? Evidence from listed Chinese enterprises	16
Knowledge capital, CEO power, and firm value: Evidence from the IT industry	16
Analysis of the cross-region risk contagion effect in stock market based on volatility spillover networks: Evidence from China	16
How does economic policy uncertainty drive time–frequency connectedness across commodity and financial markets?	16
Contagion effect of systemic risk among industry sectors in China’s stock market	16
Bank systemic risk and CEO overconfidence	16
Partial cross-quantilogram networks: Measuring quantile connectedness of financial institutions	16
Time-frequency transmission mechanism of EPU, investor sentiment and financial assets: A multiscale TVP-VAR connectedness analysis	16
Institutional quality and corporate financing decisions around the world	15
House price synchronization across the US states: The role of structural oil shocks	15
Spillover effect of economic policy uncertainty on the stock market in the post-epidemic era	15
The effects of exchange rate fluctuations on the stock market and the affecting mechanisms: Evidence from BRICS countries	15
The influence of international oil price fluctuation on the exchange rate of countries along the “Belt and Road”	15
Corporate cash holdings and total factor productivity – A global analysis	15
Impact of CEO narcissism and hubris on corporate sustainability and firm performance	14
Dependence dynamics of Islamic and conventional equity sectors: What do we learn from the decoupling hypothesis and COVID-19 pandemic?	14
Spillovers of U.S. market volatility and monetary policy uncertainty to global stock markets	14
Infectious diseases tracking and sectoral stock market returns: A quantile regression analysis	14
Spillover effects in oil-related CDS markets during and after the sub-prime crisis	14
Group penalized logistic regressions predict up and down trends for stock prices	14
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	14
The impact of COVID-19 on the tourism and hospitality Industry: Evidence from international stock markets	14
Heterogeneity dependence between oil prices and exchange rate: Evidence from a parametric test of Granger causality in quantiles	14
The dynamic connectedness and hedging opportunities of implied and realized volatility: Evidence from clean energy ETFs	14
Individual new energy consumption and economic growth in China	14
Modelling international sovereign risk information spillovers: A multilayer network approach	13
Estimating yield spreads volatility using GARCH-type models	13
The empirical linkages among market returns, return volatility, and trading volume: Evidence from the S&P 500 VIX Futures	13
How does HFT activity impact market volatility and the bid-ask spread after an exogenous shock? An empirical analysis on S&P 500 ETF	13
Overnight stock returns, intraday returns, and firm-specific investor sentiment	13
A novel two-stage method for well-diversified portfolio construction based on stock return prediction using machine learning	13
Exploring the development trend of internet finance in China: Perspective from club convergence	13
The risk spillover between China’s economic policy uncertainty and commodity markets: Evidence from frequency spillover and quantile connectedness approaches	12
The contagion effect of jump risk across Asian stock markets during the Covid-19 pandemic	12
COVID-19 stringency measures and foreign investment: An early assessment	12
Extreme dependence and spillovers between uncertainty indices and stock markets: Does the US market play a major role?	12
An evolutionary game theory model for the inter-relationships between financial regulation and financial innovation	12

Hedge and safe-haven properties of FAANA against gold, US Treasury, bitcoin, and US Dollar/CHF during the pandemic period	12
Incorporating the RMB internationalization effect into its exchange rate volatility forecasting	12
Dynamic time series momentum of cryptocurrencies	12
How does investor attention matter for crude oil prices and returns? Evidence from time-frequency quantile causality analysis	12
Robust drivers of Bitcoin price movements: An extreme bounds analysis	11
Forecasting stock market volatility: Can the risk aversion measure exert an important role?	11
Hedging the extreme risk of cryptocurrency	11
The fluctuation correlation between investor sentiment and stock index using VMD-LSTM: Evidence from China stock market	11
Investment committees and corporate cash holdings	11
Forecasting risk in the US Dollar exchange rate under volatility shifts	11
Dependent relationships between Chinese commodity markets and the international financial market: Evidence from quantile time-frequency analysis	11
Time-varying risk spillovers in Chinese stock market – New evidence from high-frequency data	11
Global stock markets risk contagion: Evidence from multilayer connectedness networks in the frequency domain	11
How can investors build a better portfolio in small open economies? Evidence from Asia’s Four Little Dragons	11
Impact of Basel III liquidity regulations on U.S. Bank performance in different conditional profitability spectrums	11
Time-varying impact of monetary policy shocks on US stock returns: The role of investor sentiment	11
Stock index direction forecasting using an explainable eXtreme Gradient Boosting and investor sentiments	11
Oil, Gas, or Financial Conditions-Which One Has a Stronger Link with Growth?	11
The momentum and reversal effects of investor sentiment on stock prices	11
Dynamic and asymmetric effects between carbon emission trading, financial uncertainties, and Chinese industry stocks: Evidence from quantile-on-quantile and causality-in-quantiles analysis	10
Geopolitical risk and firm value: Evidence from emerging markets	10
Spatial analysis of liquidity risk in China	10
Predictability of tail risks of Canada and the U.S. Over a Century: The role of spillovers and oil tail Risks☆	10
Evolution of price effects after one-day abnormal returns in the US stock market	10
Targeted monetary policy and agriculture business loans	10
Institutional investors’ ownership stability and their investee firms’ equity mispricing	10
Do alternative energy markets provide optimal alternative investment opportunities?	10
Derivatives market and economic growth nexus: Policy implications for emerging markets	10
Valuing spread options with counterparty risk and jump risk	10
Monetary policy and bank performance: The role of business models	10
A novel LASSO – TLBO – SVR hybrid model for an efficient portfolio construction	10
The impact of the shutdown policy on the asymmetric interdependence structure and risk transmission of cryptocurrency and China’s financial market	10
What drives the liquidity premium in the Chinese stock market?	10
Dynamic volatility connectedness between industrial metal markets	10
Catastrophe bond spread and hurricane arrival frequency	10
Risk spillover analysis of China’s financial sectors based on a new GARCH copula quantile regression model	10
The research on non-linear relationship between enterprise digital transformation and stock price crash risk	9
Does diversification promote systemic risk?	9
Pricing vulnerable options with stochastic liquidity risk	9
Cross-region risk spillover between the stock and stock index futures markets under exogenous shocks	9
Identifying states of global financial market based on information flow network motifs	9
Can green bond issuance promote enterprise green technological innovation?	9
Valuation of options on the maximum of two prices with default risk under GARCH models	9
The amplifying role of geopolitical Risks, economic policy Uncertainty, and climate risks on Energy-Stock market volatility spillover across economic cycles	9
Liquidity spillovers between cryptocurrency and foreign exchange markets	9
Supply chain finance and impacts of consumers’ sustainability awareness	9
Energy, metals, market uncertainties, and ESG stocks: Analysing predictability and safe havens	9
Diversified behavioral portfolio as an alternative to Modern Portfolio Theory	9
Instability spillovers in the banking sector: A spatial econometrics approach	9
Risk contagion in the banking network: New evidence from China	9
A hybrid approach of wavelet transform, ARIMA and LSTM model for the share price index futures forecasting	9
The impact of VIX on China’s financial market: A new perspective based on high-dimensional and time-varying methods	9
The impact of economic uncertainty on the decision of fertility: Evidence from Taiwan	9
Hedging and pricing early-exercise options with complex fourier series expansion	9
How does the money market development impact the bank lending channel of emerging Countries? A case from China	9
Regime switches and commonalities of the cryptocurrencies asset class	9
Risk reporting and stock return in the UK: Does market competition Matter?	9
Measuring real–financial connectedness in the U.S. economy	9
Global convergence of inflation rates	9
SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears	9