Quarterly Review of Economics and Finance

Article	Citations
Do foreign bank investors promote acquirer bank value in Asia-Pacific countries?	155
Time-varying impacts of monetary policies on state-level housing markets: Evidence from the Covid-19 period	141
ESG rating, rating divergence and investment efficiency: International evidence	98
Extreme frequency connectedness, determinants and portfolio analysis of major cryptocurrencies: Insights from quantile time-frequency approach	90
Persistence and long run co-movements across stock market prices	75
Conventional and unconventional shadow rates and the US state-level stock returns: Evidence from non-stationary heterogeneous panels	63
Pandemic, inequality and public health: A quantitative analysis	62
Financial contagion dynamics from the US to the PIIGS amidst the global financial crisis	59
Alternative monetary policy regimes in an oil-exporting economy	58
Comparing the performance and composition of tracking error constrained and unconstrained portfolios	57
Market reactions to the Basel reforms: Implications for shareholders, creditors, and taxpayers	54
Cross hedging with stock index futures	50
Spillover effects, lead and lag relationships, and stable coins time series	49
Does soft shareholder activism hold hard consequences?	46
Optimal inflation rate and fair wage	44
Editorial Board	41
Decomposing the yield curve with linear regressions and survey information	40
Capital regulation, market power and bank risk-taking in the MENA region: New evidence for Islamic and conventional banks	40
Volatility feedback effect and risk-return tradeoff	39
Effects of credit and labor constraints on microenterprises and the unintended impact of changes in household endowments: Use of threshold estimation to detect heterogeneity	39
Bank response to policy-related changes in capital requirements	38
Contracting in a void: The role of the banking sector in developing property rights in Russia	35
The implications of liquidity ratios: Evidence from Pakistan stock exchange limited	34
Further evidence on long-run abnormal returns after corporate events	33
Risk allocation through securitization: Evidence from non-performing loans	32

Another look at calendar anomalies	32
The drivers of the financial integration of microfinance Institutions: Do financial development, agency costs and microfinance performance matter?	31
Financial inclusion and income distribution revisited: New findings	29
Joint analysis of the non-linear debt-growth nexus and capital account liberalization: New evidence from sub-Saharan region	29
Financial stability and monetary policy reaction: Evidence from the GCC countries	29
The impact of sectoral shocks on an efficiency wage equilibrium	28
An empirical comparison between a regression framework and the Synthetic Control Method	27
Mortgage payments and equity premium puzzle	26
“Taking Diversity Into Account”: Real effects of accounting measurement on asset allocation	26
Do real estate mutual fund managers create value?	25
Does e-procurement matter for economic growth? Subnational evidence from Australia	24
Stock price informativeness of risk disclosure: Does time orientation matter?	22
Editorial Board	22
From trauma to resilience: The effect of stress on the labor market outcome of refugees	22
Roling-window bounds testing approach to analyze the relationship between oil prices and metal prices	21
Rivals risk-taking incentives and firm corporate policy	21
A comment on Paul, Weinbach, and Wilson’s (2004) “Efficient markets, fair bets, and profitability in NBA totals 1995-96 to 2001-02”	20
The impact of order flow on event study returns: New evidence from zero-leverage firms	20
Doubts on natural rate of unemployment: Evidence and policy implications	20
Editorial Board	20
Irregularities in forward-looking volatility	20
Money, output, and prices: 1967-2022	19
When and why do stock and bond markets predict US economic growth?	19
Do words affect expectations? The effect of central banks communication on consumer inflation expectations	19
Robust reward-risk performance measures with weakly second-order stochastic dominance constraints	19
Revisiting the accuracy of standard VaR methods for risk assessment: Using the Copula–EVT multidimensional approach for stock markets in the MENA region	18
ECB language and stock returns – A textual analysis of ECB press conferences	18
The effectiveness of board independence in high-discretion firms	18
Global and local banking crises and risk-adjusted efficiency of Indian banks: Are the impacts really perspective-dependent?	18
Price bubbles in commodity market – A single time series and panel data analysis	17
Political connections, investment inefficiency, and the Indian banking crisis	17
Identifying the fair value of Sharpe ratio by an option valuation approach	17
Prospect theory and narrow framing bias: Evidence from emerging markets	17
NFTs versus conventional cryptocurrencies: A comparative analysis of market efficiency around COVID-19 and the Russia-Ukraine conflict	17
Does inter-region portfolio diversification pay more than the international diversification?	17
Information spillovers in Hong Kong REITs and related asset markets	16
Asset redeployability and dividend payout policy	16
An intraday analysis of block orders on the Taiwan Stock Exchange	16
Are there “Ratatouille” restaurants? On anticorrelation of food quality and hygiene	16
Do more harm than good? The optional reverse charge mechanism against cross-border tax fraud	16
Do environmental courts break collusion in environmental governance? Evidence from corporate green innovation in China	15
Investment decisions and passive portfolio construction utilizing patent analytics: A multi-case study on COVID-19 treatment technologies	15
Customer concentration, managerial risk aversion, and hostile takeover threats	15
Liquidity policies with opacity	15
Does import competition from China discipline overconfident CEOs in U.S. firms?	15
Quantifying endogenous and exogenous shocks to financial sector systemic risk: A comparison of GFC and COVID-19	15
Dynamic connectedness between the U.S. financial market and Euro-Asian financial markets: Testing transmission of uncertainty through spatial regressions models	14
The role of the COVID-19 pandemic in US market volatility: Evidence from the VIX index	14
State-dependent effect on voter turnout: The case of US House elections	14
Commodities and portfolio diversification: Myth or fact?	14

Trading strategies and the frequency of time-series	13
FoMO in the Bitcoin market: Revisiting and factors	13
Does environmental information disclosure promote or prohibit financialization of non-financial firms? Evidence from China	13
Interest rate and the social performance of microfinance institutions	13
Are Cryptocurrencies and African stock markets integrated?	13
COVID-19 pandemic and the safe haven property of Bitcoin	12
Do financial technology and financial development lessen shadow economy? Evidence from BRICST economies using heterogenous bootstrap panel causality	12
US quantitative easing and firm’s default risk: The role of Corporate Social Responsibility (CSR)	12
Impact of internet use on value and diversity of risky financial asset portfolios	12
Banking competition, convergence and growth across macro-regions of MENA	12
An empirical nexus between exchange rate and China's outward foreign direct investment: Implications for Pakistan under the China Pakistan economic corridor project	12
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	11
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	11
Are public debt and public debt expectations associated with debt management strategies?	11
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	11
Rigidity in public contracts: Implications for renewal dynamics	11
Intraday analyses on weather-induced sentiment and stock market behavior	11
Erratum regarding missing declaration of competing interest statements in previously published articles	11
From the Fringe to the front-stage. European immigration and the Far-Right vote: An IV approach	11
Beyond financial wealth: The experienced utility of collectibles	11
Directional predictability and time-frequency spillovers among clean energy sectors and oil price uncertainty	11
Duration of membership in the world trade organization and investment-oriented remittances inflows	10
The effect of exchange rate fluctuations on the performance of small and medium sized enterprises: Implications for Brexit	10
Dynamics of asymmetric connectedness among magnificent seven technology giants: Insights from QVAR analysis	10
The COVID-19 pandemic and stock liquidity: Evidence from S&P 500	10
High-frequency trading, stock volatility, and intraday crashes	10
Education and financial literacy: Evidence from compulsory schooling law in China	10
Drivers of Turkish inflation	10
Does Corporate Social Responsibility reporting improve financial performance? The moderating role of board diversity and gender composition	10
Fiscal opacity and reduction of income inequality through taxation: Effects on economic growth	10
The performance of bidding companies in merger and acquisition deals: An empirical study of domestic acquisitions in Hong Kong and Mainland China	10
The sustainability factor in asset pricing: Empirical evidence from the Indian market	9
Implied volatility of structured warrants: Emerging market evidence	9
Markowitz portfolios under transaction costs	9
Impact of a new regulatory policy on thematic and monthly distribution funds in Japan	9
Tug of war with noise traders? Evidence from the G7 stock markets	9
Editorial Board	9
Timing market confidence in the Chinese domestic security market	9
Earnings and liquidity factors	9
Financial contagion in the futures markets amidst global geo-economic events	9
Geopolitical risk and volatility spillovers in oil and stock markets	9
The role of international currency spillovers in shaping exchange rate dynamics in Latin America	9
The longer-term impact of TARP on banks’ default risk	9
Permanent inequality versus earnings instability and transmission of income shocks to consumption expenditure in India	9
The transmission of targeted monetary policy to bank credit supply	9
Navigating the storm: Time-frequency quantile dependence and non-linear causality between crypto-currency market volatility and financial instability	9
The effect of basel III implementation on SME access to financing in emerging markets and developing economies	9
Capital requirements and banks performance under Basel-III: A comparative analysis of Australian and British banks	9
Retail Investors’ Perception towards Green Bonds in Advancing Sustainability: Evidence from India	9
Frequency spillovers and portfolio risk implications between Sukuk, Islamic stock and emerging stock markets	9
Gender diversity on corporate boards: Evaluating the effectiveness of shareholder activism	9
Risk assessment of equity-based conventional and islamic stock portfolios	9
Testing the neo-fisherian hypothesis in Brazil	8
Using multivariate stochastic dominance to enhance portfolio selection and warn of financial crises	8
Access-for-all to financial services: Non-resources tax revenue-harnessing opportunities in developing countries	8
Term structure of equity risk premia in rough terrain: 150 years of the French stock market	8
Editorial Board	8
The impact of financial development on innovation-based exports: Do all firms benefit equally?	8
Quality differentiation and optimal pricing strategy in multi-sided markets	8
Systemic risk and financial networks	8
Firm valuation with state dependent COD taxation	8
Financial literacy and financial advice seeking: Does product specificity matter?	8
Can high trading volume and volatility switch boost momentum to show greater inefficiency and avoid crashes in emerging markets? The economic relationship in factor investing in emerging markets	8
The association between financial market volatility and banking market structure	8
Employee stock ownership plan as a measure of covering up corporate fraud: Evidence from China	8
News-based economic policy uncertainty and financial contagion: An international evidence	8
The geography and determinants of ADR holdings	8
Why are credit-driven crises deep and long-lasting?	8
The financial literacy gender gap and the role of culture	8
On the benefits of active stock selection strategies for diversified investors	8
Households' investments in socially responsible mutual funds	8
Moderating role of ESG disclosures and its impact on firm financial performance	8
When are busy boards beneficial?	8
The role of shared auditors in loan contracts	8
Oil price dynamics and fiscal policy cyclicality in Saudi Arabia: New evidence from partial and multiple wavelet coherences	7
Effects of a development bank on the profitability of commercial banks: Evidence for Brazil	7
Editorial Board	7
Optimal chonsei to monthly rent conversion choice given borrowing constraints	7
Stabilization and the policy mix in a monetary union	7
Hedging demand and near-zero swap spreads: Evidence from the Chinese interest rate swap market	7

The capital ratio and the interest rate spread: A panel threshold regression approach	7
The economic effects of fiscal policy: Further evidence for Spain	7
Robust investment for insurers with correlation ambiguity	7
Decomposing the growth of the high-skilled wage premium in an advanced economy open to trade	7
Pathways to self-sufficiency in the microfinance ecosystem	7
Outliers and momentum in the corporate bond market	7
Is the shadow economy procyclical or countercyclical over the business cycle? International evidence	7
The impact of the ECB’s asset purchase programme on euro area equities	7
Is there a risk premium? Evidence from thirteen measures	7
Uncertainty matters in US financial information spillovers: Evidence from a directed acyclic graph approach	7
Optimal fiscal policy in incomplete market business cycle economies	7
Commodity futures markets under stress and stress-free periods: Further insights from a quantile connectedness approach	6
Heterogeneous effects of foreign exchange appreciation on industrial output: Evidence from disaggregated manufacturing data	6
Aid and social cohesion	6
Debtholder responses to controlling shareholders’ share pledging	6
Cryptocurrency in context of fiat money functions	6
Nexus of Corporate Social Responsibility Expenditure (CSR) and financial performance: Indian banks	6
Independent directors’ dissensions and firm value	6
Erratum regarding missing declaration of competing interest statements in previously published articles	6
Modeling the contagion of bank runs with a Markov model	6
Conditional correlation between exchange rates and stock prices	6
Armageddon and the stock market: US, Canadian and Mexican market responses to the 1962 Cuban Missile Crisis	6
Do geopolitical risks and global market factors influence the dynamic dependence among regional sustainable investments and major commodities?	6
The determinants of Turkish CDS volatility: An ARDL approach covering COVID period	6
Make or buy for public services: Culture matters for efficiency considerations	6
Money/asset ratio as a predictor of inflation	6
A method to measure bank output while excluding credit risk and retaining liquidity effects	6
Hoarding of reserves in the banking industry: Explaining the African paradox	6
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	6
The new bond on the block — Designing a carbon-linked bond for sustainable investment projects	6
Banks' off-balance sheet manipulations	6
R&D subsidy, non-R&D subsidy and institutional investors' subscription for private placement of new shares: Evidence from China's securities market	6
Natural gas volatility prediction via a novel combination of GARCH-MIDAS and one-class SVM	6
Strategic interactions and the sensitivity of cash savings to stock price	6
The effects of countercyclical leverage buffers on macroeconomic and financial stability	6
Oil shocks and investor attention	5
Competition, cost efficiency and stability of banks in the MENA region	5
The effect of financial distress on capital structure: The case of Brazilian banks	5
The positive impact of investment subsidies on the economy with present-biased consumers	5
Do board size, institutional ownership and external auditors matter to market discipline in Indonesian banking?	5
Spillover effects of the unconventional monetary policy of the European Central Bank	5
Panel vector autoregression in R with the package panelvar	5
Estimating financial integration in Europe: How to separate structural trends from cyclical fluctuations	5
Skewness in energy returns: estimation, testing and implications for tail risk	5
Macroprudential policy, capital flow management and monetary policy independence	5
Bank profitability under uncertainty	5
Decomposition of non-performing loans dynamics into a debt-servicing capacity and a risk taking indicators	5
The Bitcoin: to be or not to be a Real Currency?	5
Macro-prudential policy, digital transformations and banks’ risk-taking	5
Insurance and geopolitical risk: Fresh empirical evidence	5
The relationship between Chinese and FOB prices of rare earth elements – Evidence in the time and frequency domain	5
Seasonal patterns of earnings releases and post-earnings announcement drift	5
Impact of Covid-19 on corporate solvency and possible policy responses in the EU	5
Global policy uncertainty and cross-border acquisitions	5
Crude oil and stock markets in the COVID-19 crisis: Evidence from oil exporters and importers	5
Spillovers in Higher-Order Moments of Crude Oil, Gold, and Bitcoin	5
Are impact and financial returns mutually exclusive? Evidence from publicly-listed impact investments	5
Constructing a composite financial inclusion index for developing economies	5
Spillovers and connectedness in foreign exchange markets: The role of trade policy uncertainty	5
Financial inclusion, bank market structure, and financial stability: International evidence	5
Editorial Board	5
Applications of fixed effect models to managerial risk-taking incentives	5
Import penetration and workplace safety	5
Investors' sentiments and the dynamic connectedness between cryptocurrency and precious metals markets	4
Capital expenditures, corporate hedging and firm value	4
Asymmetry in inflation persistence under inflation targeting	4
On the effect of full-fledged IT adoption on stock returns and their conditional volatility: Evidence from propensity score matching	4
Dissecting value-growth strategies conditioned on expectation errors	4
Editorial Board	4
Editorial Board	4
What’s holding back blockchain finance? On the possibility of decentralized autonomous finance	4
Discretionary fiscal policy, fiscal credibility and inflation risk premium	4
Venture capital and corporate financialization: Evidence from China	4
Culture, intellectual property rights, and technology adoption	4
Editorial Board	4
Editorial Board	4
Time-varying dependence of Bitcoin	4
Cross border flows, financial intermediation and interactions of policy rules in a small open economy	4
US foreign investments: Technology transfer, relative backwardness, and the productivity growth of host countries	4
Are bond markets and bank credits complementary or substitutable? Evidence based on the rule of law and countries’ legal origins	4
Empirical evidence of the lending channel of monetary policy under negative interest rates	4
Islamic bank procyclicality in an emerging market economy: Do bank size and financing contracts matter?	4
House prices and household credit in the Eurozone: A single monetary policy with dissonant transmission mechanisms	4
Informational efficiency and GICS classification: Evidence from REITs	4
A novel credit model risk measure: Do more data lead to lower model risk?	3
On the dynamic equicorrelations in cryptocurrency market	3
Customer concentration, managerial risk aversion, and independent directors: A quasi-natural experiment	3
Information disclosure strategies and bank interest rates pricing decisions	3
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	3
Vulnerable options with regime switching and stochastic liquidity	3
The influence of real interest rates and risk premium effects on the ability of the nominal term structure to forecast inflation	3
Asymmetric nexus between economic policy uncertainty and the Indian stock market: Evidence using NARDL approach	3
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	3
Dynamic inflation hedging performance and downside risk: A comparison between Islamic and conventional stock indices	3
The impact of political freedoms on cross-border M&A abandonment likelihood	3