North American Journal of Economics and Finance

Article	Citations
US structural drivers of international portfolio returns	92
Editorial Board	84
A non-zero-sum investment and reinsurance game between two mean–variance insurers with dynamic CVaR constraints	79
Trade friction and price discovery in the USD–CAD spot and forward markets	75
Cross-region risk spillover between the stock and stock index futures markets under exogenous shocks	73
On the connectedness between the uncertainty of central bank digital currency adoption and stablecoins	71
The impact of audit fees and auditor tenure on company valuation: An analysis of large U.S. audit firms	58
Modeling the unintended consequences of short selling for innovation investment	54
Unveiling the gold-oil whirl amidst market uncertainty shocks in China	54
Recent evidence on the short-term and long-term performance persistence of emerging-market mutual fund returns	54
Tail risk and investors’ concerns: Evidence from Brazil	53
Multi-step barrier products and static hedging	51
Dissecting returns of non-fungible tokens (NFTs): Evidence from CryptoPunks	50
Monetary policy and bank performance: The role of business models	49
The impact of the shutdown policy on the asymmetric interdependence structure and risk transmission of cryptocurrency and China’s financial market	47
The impact of Twitter-based sentiment on US sectoral returns	46
The influence and predictive powers of mixed-frequency individual stock sentiment on stock returns	43
Which uncertainty measure better predicts gold prices? New evidence from a CNN-LSTM approach	43
An analytical solution for the robust investment-reinsurance strategy with general utilities	42
Investor co-attention and stock return co-movement: Evidence from China’s A-share stock market	41
Clustering effects and evolution of the global major 10-year government bond market structure: A network perspective	41
Hand in hand or left behind: The dual impact of leading firms’ digital technologies on industry digital transformation	39
The transition of the global financial markets' connectedness during the COVID-19 pandemic	39
Asymmetric dynamics between the Baltic Dry Index and financial markets during major global economic events	39
Geopolitical risk and stock market volatility in emerging markets: A GARCH – MIDAS approach	39

Exploring the dynamic spillover of cryptocurrency environmental attention across the commodities, green bonds, and environment-related stocks	39
Deregulation of short selling and corporate cash dividend policy: A quasi-natural experiment from China	37
Impact of Off-Balance-Sheet Activities on the Effectiveness of Monetary Policy	37
Determinants of CDS in core and peripheral European countries: A comparative study during crisis and calm periods	36
Can monthly-return rank order reveal a hidden dimension of momentum? The post-cost evidence from the U.S. stock markets	36
Does the international oil market interact with China’s financial market? New evidence from time-varying higher moments	35
Editorial Board	34
Can real-time investor sentiment help predict the high-frequency stock returns? Evidence from a mixed-frequency-rolling decomposition forecasting method	34
Editorial Board	33
Green bonds and clean energy stocks: Safe havens against global uncertainties? A wavelet quantile-based examination	31
The effect of compound heat-drought risk on municipal corporate bonds pricing: Evidence from China	31
Dynamic volatility spillovers between industries in the US stock market: Evidence from the COVID-19 pandemic and Black Monday	31
Can NFTs hedge the risk of traditional assets after the COVID-19 pandemic?	30
Fintech, strategic incentives and investment to human capital, and MSEs innovation	30
Strategic cooperation in fintech field and efficiency of commercial banks	29
Economic fundamentals, policy responses, and state-level municipal bond sensitivity to COVID-19 prevalence	29
International oil shocks and the volatility forecasting of Chinese stock market based on machine learning combination models	29
Extreme risk spillovers between crude palm oil prices and exchange rates	29
Exchange rate misalignments, capital flows and volatility	29
Inflation synchronization and shock transmission between the eurozone and the non-euro CEE Economies: A wavelet quantile VAR approach	28
Optimal venture capital entry–exit strategy with jump–diffusion risk	28
Oil price shocks, economic policy uncertainty and China’s producer price index: Evidence from quantile regression analysis	28
Asymmetric impact of global crude oil on Chinese sectors and optimal portfolio strategies: An analysis of the higher-order moment tail risk spillovers	28
Managerial response to institutional investor distraction	27
Valuing technological synergies in mergers	26
Stock index futures price prediction using feature selection and deep learning	26
Connectedness of commodity, exchange rate and categorical economic policy uncertainties — Evidence from China	26
Editorial Board	25
Special issue: Financial technology, innovation, and corporate finance	25
Cross-sectional quantile regression for estimating conditional VaR of returns during periods of high volatility	25
Fractal statistical measure and portfolio model optimization under power-law distribution	24
Foreign ownership and M&A activity: Evidence from China	24
Forecasting the Value-at-Risk of REITs using realized volatility jump models	24
Asymmetries in the international spillover effects of monetary policy: Based on TGVAR model	23
Static and dynamic return and volatility connectedness between transportation tokens and transportation indices: Evidence from quantile connectedness approach	23
How do the dual effects of financial development change the transmission of monetary policy? – Evidence from China	23
A crisis like no other? Financial market analogies of the COVID-19-cum-Ukraine war crisis	23
Examining the nexus between oil shocks and sovereign credit risk: Multidimensional insights from major oil exporters	23
Spillover shifts in the FX market: Implication for the behavior of a safe haven currency	23
Pricing vulnerable spread options with liquidity risk under Lévy processes	23
Spillovers and directional predictability between international energy commodities and their implications for optimal portfolio and hedging	23
Regional market uncertainty and corporate investment	22
Editorial Board	22
Measuring market volatility connectedness to media sentiment	22
Dynamic volatility spillover and market emergency: Matching and forecasting	22
Influence of a wider trading range on stock price efficiency: Evidence from ChiNext stocks in China	21
Hedging Bitcoin with commodity futures: An analysis with copper, gas, gold, and crude oil futures	21
A model of dynamic tail dependence between crude oil prices and exchange rates	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
Decoding the stock market dynamics in the banking sector: Short versus long-term insights	21

A comparison of bitcoin futures return and return volatility based on news sentiment contemporaneously or lead-lag	20
Interactions between investors’ fear and greed sentiment and Bitcoin prices	20
Stock market forecasting accuracy of asymmetric GARCH models during the COVID-19 pandemic	20
Explosive behavior in historic NASDAQ market prices	20
Examining the transmission of credit and liquidity risks: A network analysis for EMU sovereign debt markets	20
Stablecoins as a tool to mitigate the downside risk of cryptocurrency portfolios	20
The British Stock Market, currencies, brexit, and media sentiments: A big data analysis	20
Who is smarter? Evidence from extreme financial risk contagion in hedge funds and mutual funds	19
Non-executive employee stock ownership plans and corporate innovation efficiency: Evidence from China	19
Oil price shocks and stock–bond correlation	19
The temporal variability in the returns of socially responsible funds to structural oil shocks	18
Quantile connectedness of oil price shocks with socially responsible investments	18
Measuring liquidity with return volatility: An analytical approach based on heavy-tailed Censored-GARCH model	18
News and intraday jumps: Evidence from regularization and class imbalance	18
Hedging the extreme risk of cryptocurrency	18
Multi-scale systemic risk and spillover networks of commodity markets in the bullish and bearish regimes	17
Is there a dark side to financial inclusion? Understanding the relationship between financial inclusion and market risk	17
Systemic risk monitoring model from the perspective of public information arrival	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
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 impact of VIX on China’s financial market: A new perspective based on high-dimensional and time-varying methods	17
Liquidity spillovers between cryptocurrency and foreign exchange markets	17
Stock market extreme risk prediction based on machine learning: Evidence from the American market	17
SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears	17
How does FinTech affect the development of the digital economy? Evidence from China	17
Contagion effect of systemic risk among industry sectors in China’s stock market	16
Tax aggressiveness and idiosyncratic volatility	16
Individual investment adaptations to COVID-19 lockdowns	16
Can U.S. macroeconomic indicators forecast cryptocurrency volatility?	16
Forecasting volatility of China’s crude oil futures based on hybrid ML-HAR-RV models	16
CEO succession and corporate innovation: A managerial myopic perspective	16
Systemic risk among Chinese oil and petrochemical firms based on dynamic tail risk spillover networks	16
The risk spillover between China’s economic policy uncertainty and commodity markets: Evidence from frequency spillover and quantile connectedness approaches	16
Editorial Board	16
The outbreak of COVID-19 and stock market liquidity: Evidence from emerging and developed equity markets	16
Do cryptocurrencies provide better hedging? Evidence from major equity markets during COVID-19 pandemic	15
Inflation risk and stock returns: Evidence from US aggregate and sectoral markets	15
Cross-category and cross-country spillovers of economic policy uncertainty: Evidence from the US and China	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
Pricing VIX options based on mean-reverting models driven by information	15
Geopolitical risk and firm value: Evidence from emerging markets	15
Currency news and international bond markets	14
Text Spillover: Measuring connectedness of financial institutions based on news text data	14
Loss from the chasing of MAX stocks: Evidence from China	14
Editorial Board	14
Information sharing in a perfectly competitive market	14
Momentum mechanisms under heterogeneous beliefs	14
Return and volatility spillovers across the Western and MENA countries	13
Upside/Downside spillovers between oil and Chinese stock sectors: From the global financial crisis to global pandemic	13
Which liquidity indicator is more informative to market volatility? Spectrum analysis of China’s base metal futures market	13
The RP-PCA factors and stock return predictability: An aligned approach	13
Measuring real–financial connectedness in the U.S. economy	13
Political sentiment and MAX effect	13
Did the Indian stock market overreact to Covid-19?	13
Impact of Basel III liquidity regulations on U.S. Bank performance in different conditional profitability spectrums	13
Carbon emission control, tariff-carbon tax reform and intersectoral migration in the presence of international capital inflows	13
Money, payments systems, limited participation, and central banking	13
Hard to arbitrage, hard for analysts to forecast	13
Regulation and crises: A concave story	12
Geopolitical risks and investor sentiment: Causality and TVP-VAR analysis	12
Multiperiod portfolio allocation: A study of volatility clustering, non-normalities and predictable returns	12
A penalized U-MIDAS multinomial logit model with applications to corporate credit ratings	12
Reassessing the inversion of the Treasury yield curve as a sign of U.S. recessions: Insights from the housing and credit markets	12
The effects of financial openness and financial efficiency on Chinese macroeconomic volatilities	12
Private health insurance consumption and public health-care provision in OECD countries: Impact of culture, finance, and the pandemic	12
Adaptive online portfolio selection incorporating systematic risk of the financial market	12
Unveiling asymmetric return spillovers with portfolio implications among Indian stock sectors during Covid-19 pandemic	12
The valuation of variance swaps with psychological barriers in the underlying dynamics	12
Pricing options on the maximum or the minimum of several assets with default risk	12
Commonality, macroeconomic factors and banking profitability	12
Are the profitability and investment factors valid ICAPM risk factors? Pre-1963 evidence	12
The cross-border interaction of financial stress: From the perspective of pattern causality	12
Effect of sectoral holdings on the flow-performance sensitivity of mutual funds	12
ESG and Stock Price Volatility Risk: Evidence from Chinese A-share Market	12
Re-examining China and the u.s.’s respective green bond markets in extreme conditions: Evidence from quantile connectedness	11
Sources of CEO power and firm mergers & acquisitions——Evidence from Chinese listed family firms	11
Research on the time-varying effects among green finance markets in China: A fresh evidence from multi-frequency scale perspective	11
ESG rating divergence and stock price crash risk	11
Can hybrid model improve the forecasting performance of stock price index amid COVID-19? Contextual evidence from the MEEMD-LSTM-MLP approach	11

Narcissistic leaders and corporate cash Holdings: Evidence in China	11
Real-time GARCH@CARR: A joint model of returns, realized measure of volatility and current intraday information	11
Investor sentiment and energy futures predictability: Evidence from Feasible Quasi Generalized Least Squares	11
Diversified behavioral portfolio as an alternative to Modern Portfolio Theory	10
The effects of formal and informal CEO power on debt policy persistence	10
A new approach to capital control for emerging market economies	10
The time-varying relationship between climate uncertainty, low-carbon stocks and green bonds	10
Valuation of piecewise linear barrier options	10
Digital finance and misallocation of resources among firms: Evidence from China	10
The effect of output and the real exchange rate on equity price dynamics	10
Overconfident investors, Predictable Returns, and optimal consumption-portfolio rules	10
Who is more important, parents or children? Economic and environmental factors and health insurance purchase	10
Temporal and spatial heterogeneity of resource misallocation in Chinese banks and its influential factors	10
Models of optimal contract in lending: Evaluating the impact of diversified versus focused policies on riskiness of borrower base	10
Stablecoins as the cornerstone in the linkage between the digital and conventional financial markets	10
Analytical valuation of vulnerable chained options	10
Searching for informed traders in stock markets: The case of Banco Popular	10
The impact of revenue diversification on profitability, capital, and risk in US banks by size	10
Spillover of fear among the US and BRICS equity markets during the COVID-19 crisis and the Russo-Ukrainian conflict	10
Mutual fund style drift measured using higher moments and its cash flow incentive	9
Impacts of COVID-19 on global stock sectors: Evidence from time-varying connectedness and asymmetric nexus analysis	9
Is a co-jump in prices a sparse jump?	9
Economic policy uncertainty, macroeconomic shocks, and systemic risk: Evidence from China	9
Option trading volume and the cross-section of option returns	9
Commodity financialization and funding liquidity in China	9
Impact of COVID-19 pandemic on stock markets: Conventional vs. Islamic indices using wavelet-based multi-timescales analysis	9
Information asymmetry, sentiment interactions, and asset price	9
Dynamic volatility spillover among cryptocurrencies and energy markets: An empirical analysis based on a multilevel complex network	9
Dynamic connectedness of climate risks, oil shocks, and China’s energy futures market: Time-frequency evidence from Quantile-on-Quantile regression	9
Animal Behavior in Capital markets: Herding formation dynamics, trading volume, and the role of COVID-19 pandemic	9
Investor sentiment response to COVID-19 outbreak-related news: A sectoral analysis of US firms	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 threshold effect of political connection on the green innovation of businesses: Evidence from China	9
Banking market structure and corporate investment efficiency	9
WITHDRAWN: Extreme risk contagion from the United States to BRICS stock markets: A multivariate quantile analysis	9
How does node centrality in a financial network affect asset price prediction?	8
Price impact, strategic interaction and portfolio choice	8
Dynamic impact of the US yield curve on green bonds: Navigating through recent crises	8
The research on non-linear relationship between enterprise digital transformation and stock price crash risk	8
Dynamic interaction of risk–return trade-offs between oil market and China’s stock market: An analysis from the risk preferences perspective	8
The impact of volatility regime dynamics on option pricing	8
Multivariate risk aversion utility, application to ESG investments	8
Dealer markets: A reinforcement learning mean field game approach	8
How can media attention reveal ESG improvement opportunities? A multi-algorithm machine learning-based approach for Taiwan’s electronics industry	8
The influence of private equity and venture capital on the post-IPO performance of newly-public acquirers	8
Applications of machine learning for corporate bond yield spread forecasting	8
From collapse to contagion: How bank failures influence stock markets	8
The role of ESG factor in stock clustering based on risk-return-liquidity dimensions	8
Editorial Board	8
Network volatility, contagion, and two-pillar policies: Insights from Chinese financial sector data	8
Explosiveness in the renewable energy equity sector: International evidence	8
Stock index direction forecasting using an explainable eXtreme Gradient Boosting and investor sentiments	8
Valuing American options using multi-step rebate options	8
Network measurement and influence mechanism of dynamic risk contagion among global stock markets: Based on time-varying spillover index and complex network method	8
Cross-market information transmission and stock market volatility prediction	8
Dependence dynamics of Islamic and conventional equity sectors: What do we learn from the decoupling hypothesis and COVID-19 pandemic?	8
Searching hedging instruments against diverse global risks and uncertainties	8
Bank competition, government interest in green initiatives and carbon emissions reduction: An empirical analysis using city-level data from China	8
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
Is insurance normal or inferior? -A regret theoretical approach-	7
Lessons from naïve diversification about the risk-reward trade-off	7
Monetary policy spillovers among five systemic economies: Evidence from the time and frequency domains	7
Editorial Board	7
Which stock price component drives the Amihud illiquidity premium?	7
Predicting the portfolio risk of high-dimensional international stock indices with dynamic spatial dependence	7
Regional FinTech development and total factor productivity among firms: Evidence from China	7
Understanding the conditional out-of-sample predictive impact of the price of crude oil on aggregate equity return volatility	7
The interactive impact of green supporting factors on bank credit creation: An agent-based stock-flow consistent approach	7
Public attention, sentiment and the default of Silicon Valley Bank	7
Heterogeneous beliefs with information processing capacity constraints and asset pricing in a monetary economy	7
Procyclical variation margins in central clearing	7
Coordination and non-coordination risks of monetary and macroprudential authorities: A robust welfare analysis	7
Optimal consumption and portfolio selection for retirees under inflation and pension default risk	7
IPO performance and the size effect: Evidence for the US and Canada	7
Financial regulatory policy uncertainty: An informative predictor for financial industry stock returns	7
Editorial Board	7
Financial stability policy and downside risk in stock returns	6
Editorial Board	6
Global convergence of inflation rates	6
Small but salient: Minority shareholders’ innovation attention in interactive online platforms and corporate innovation	6
Portfolio balance effect of the U.S. QE between commodities and financial assets in commodity-exporting countries	6
Volatility and returns connectedness between cryptocurrency and China’s financial markets: A TVP-VAR extended joint connectedness approach	6
How do stock price indices absorb the COVID-19 pandemic shocks?	6
Liquidity indicators, early warning signals in banks, and financial crises	6
A study on the incentive compensation structure with payroll tax: A continuous-time principal-agent model	6
Does climate change matter for bank profitability? Evidence from China	6
The effect of oil price uncertainty on corporate investment in the presence of growth options: Evidence from listed companies in China (1998–2019)	6
Creditable bonds’ multifunctional roles during the COVID-19 pandemic	6
COVID-19 related media sentiment and the yield curve of G-7 economies	6
Multiscale features of extreme risk spillover networks among global stock markets	6
Portfolio tail risk forecasting for international financial assets: A GARCH-MIDAS-R-Vine copula model	6
Editorial Board	6
Deposit competition and effectiveness of bank capital requirements	6
Do regulatory penalties reduce risk-taking of banks?	6