North American Journal of Economics and Finance

Article	Citations
Oil price shocks, geopolitical risks, and green bond market dynamics	182
Can crude oil drive the co-movement in the international stock market? Evidence from partial wavelet coherence analysis	77
Forecasting stock index price using the CEEMDAN-LSTM model	76
“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet	71
Connectedness and systemic risk spillovers analysis of Chinese sectors based on tail risk network	70
Risk spillover and network connectedness analysis of China’s green bond and financial markets: Evidence from financial events of 2015–2020	68
Impact of COVID-19 pandemic on stock markets: Conventional vs. Islamic indices using wavelet-based multi-timescales analysis	63
The impact of China’s one belt one road initiative on international trade in the ASEAN region	63
Accessibility of financial services and household consumption in China: Evidence from micro data	61
Risk spillover between Bitcoin and conventional financial markets: An expectile-based approach	52
Forecasting stock market returns: New technical indicators and two-step economic constraint method	52
How does FinTech affect the development of the digital economy? Evidence from China	49
COVID-19 and asymmetric volatility spillovers across global stock markets	49
Risk spillover from crude oil prices to GCC stock market returns: New evidence during the COVID-19 outbreak	49
Is there one safe-haven for various turbulences? The evidence from gold, Bitcoin and Ether	46
Risk spillovers between cryptocurrencies and traditional currencies and gold under different global economic conditions	43
Time-frequency connectedness of crude oil, economic policy uncertainty and Chinese commodity markets: Evidence from rolling window analysis	40
Adaptive market hypothesis: The story of the stock markets and COVID-19 pandemic	40
Multiscale financial risk contagion between international stock markets: Evidence from EMD-Copula-CoVaR analysis	40
Revisiting the safe haven role of Gold across time and frequencies during the COVID-19 pandemic	39
Analysis of the impact of COVID-19 pandemic on G20 stock markets	39
The role of insurance growth in economic growth: Fresh evidence from a panel of OECD countries	39
A comparative study of forecasting corporate credit ratings using neural networks, support vector machines, and decision trees	39
Systemic financial risk early warning of financial market in China using Attention-LSTM model	38
The impact of economic uncertainty and geopolitical risks on bank credit	37

Time and frequency connectedness and portfolio diversification between cryptocurrencies and renewable energy stock markets during COVID-19	36
Dynamic behaviors and contributing factors of volatility spillovers across G7 stock markets	35
Financial innovation and bank growth: The role of institutional environments	35
Carbon option price forecasting based on modified fractional Brownian motion optimized by GARCH model in carbon emission trading	34
How do stock price indices absorb the COVID-19 pandemic shocks?	33
Dynamic volatility spillovers between industries in the US stock market: Evidence from the COVID-19 pandemic and Black Monday	33
The dynamic impact of oil price shocks on the stock market and the USD/RMB exchange rate: Evidence from implied volatility indices	32
Economic policy uncertainty and cost of debt financing: International evidence	32
The effects of oil price shocks on inflation in the G7 countries	32
Non-linear causal linkages of EPU and gold with major cryptocurrencies during bull and bear markets	31
Asymmetric volatility connectedness among U.S. stock sectors	31
Exploring the dynamic spillover of cryptocurrency environmental attention across the commodities, green bonds, and environment-related stocks	31
Systemic risk of Chinese financial institutions and asset price bubbles	30
Economic policy uncertainty and stock market returns: New evidence	30
Customer concentration and corporate innovation: Evidence from China	29
The COVID-19 Pandemic and Sovereign Bond Risk	28
Geopolitical risk and stock market volatility in emerging markets: A GARCH – MIDAS approach	28
Liquidity creation and bank profitability	27
The impact of financial technology on China’s banking industry: An application of the metafrontier cost Malmquist productivity index	27
Risk spillovers and hedge strategies between global crude oil markets and stock markets: Do regime switching processes combining long memory and asymmetry matter?	27
The impact of COVID-19 on the G7 stock markets: A time-frequency analysis	26
Can digital financial inclusion promote female entrepreneurship? Evidence and mechanisms	26
CEO overconfidence and labor investment efficiency	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
Dynamic spillover and connectedness between oil futures and European bonds	26
Investor sentiment and Bitcoin relationship: A quantile-based analysis	25
The nonlinear effect of oil price shocks on financial stress: Evidence from China	25
Factors affecting institutional investors to add crypto-currency to asset portfolios	25
Time–frequency quantile dependence between Bitcoin and global equity markets	25
CEO duality, information costs, and firm performance	25
Risk spillover analysis across worldwide ESG stock markets: New evidence from the frequency-domain	24
Herding in the bad times: The 2008 and COVID-19 crises	24
Time-frequency co-movements between bank credit supply and economic growth in an emerging market: Does the bank ownership structure matter?	24
Do cryptocurrencies provide better hedging? Evidence from major equity markets during COVID-19 pandemic	24
Spillovers between sovereign CDS and exchange rate markets: The role of market fear	23
Value investing versus other investment strategies: A volatility spillover approach and portfolio hedging strategies for investors	23
Income diversification and bank risk in Asia Pacific	23
Multiscale features of extreme risk spillover networks among global stock markets	22
The impact of non-performing loans on bank lending in Europe: An empirical analysis	22
Dynamic volatility transmission and portfolio management across major cryptocurrencies: Evidence from hourly data	22
Herding behavior in the cryptocurrency market during COVID-19 pandemic: The role of media coverage	22
COVID-19 related media sentiment and the yield curve of G-7 economies	21
Market volatility and illiquidity during the COVID-19 outbreak: Evidence from the Saudi stock exchange through the wavelet coherence approaches	21
Economic policy uncertainty and stock market sector time-varying spillover effect: Evidence from China	21
The COVID-19 pandemic uncertainty, investor sentiment, and global equity markets: Evidence from the time-frequency co-movements	21
Economic uncertainty, oil prices, hedging and U.S. stock returns of the airline industry	21
Connectedness of commodity, exchange rate and categorical economic policy uncertainties — Evidence from China	21
Wavelet coherence analysis of returns, volatility and interdependence of the US and the EU money markets: Pre & post crisis	21
Liquidity, earnings management, and stock expected returns	20
Financial development and economic growth in a microfounded small open economy model	20

Time-varying asymmetric volatility spillover between global markets and China’s A, B and H-shares using EGARCH and DCC-EGARCH models	20
The outbreak of COVID-19 and stock market liquidity: Evidence from emerging and developed equity markets	19
Stablecoins as a tool to mitigate the downside risk of cryptocurrency portfolios	19
Measuring systemic risk of the Chinese banking industry: A wavelet-based quantile regression approach	19
Multi-scale systemic risk and spillover networks of commodity markets in the bullish and bearish regimes	19
The value of implementing enterprise risk management: Evidence from Taiwan’s financial industry	19
Forecast on silver futures linked with structural breaks and day-of-the-week effect	19
Did the introduction of Bitcoin futures crash the Bitcoin market at the end of 2017?	19
Retail investors’ trading and stock market liquidity	18
Spillovers and diversification potential of bank equity returns from developed and emerging America	18
What drives dynamic connectedness of the U.S equity sectors during different business cycles?	18
Time-dependent lead-lag relationships between the VIX and VIX futures markets	18
Bank profitability in the Eurasian Economic Union: Do funding liquidity and systemic importance matter?	18
Impacts of COVID-19 on global stock sectors: Evidence from time-varying connectedness and asymmetric nexus analysis	18
Forecasting solar stock prices using tree-based machine learning classification: How important are silver prices?	17
Pricing efficiency and asymmetric multifractality of major asset classes before and during COVID-19 crisis	17
Does transaction activity predict Bitcoin returns? Evidence from quantile-on-quantile analysis	17
The effect of economic policy uncertainty on China’s housing market	17
The asymmetric effect of crude oil prices on stock prices in major international financial markets	17
VIX forecasting based on GARCH-type model with observable dynamic jumps: A new perspective	17
Network VAR models to measure financial contagion	16
Connectedness of non-fungible tokens and conventional cryptocurrencies with metals	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
The impact of the macroeconomic factors in the bank efficiency: Evidence from the Chinese city banks	16
Bank systemic risk and CEO overconfidence	16
How have the dependence structures between stock markets and economic factors changed during the COVID-19 pandemic?	16
Liquidity indicators, early warning signals in banks, and financial crises	16
Contagion effect of systemic risk among industry sectors in China’s stock market	16
Sensitivity of US equity returns to economic policy uncertainty and investor sentiments	16
Time-frequency transmission mechanism of EPU, investor sentiment and financial assets: A multiscale TVP-VAR connectedness analysis	15
Intraday return predictability in the cryptocurrency markets: Momentum, reversal, or both	15
Contagion between real estate and financial markets: A Bayesian quantile-on-quantile approach	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
Stock market reactions to upside and downside volatility of Bitcoin: A quantile analysis	15
Digital finance and misallocation of resources among firms: Evidence from China	14
The role of the board and the audit committee in corporate risk management	14
Time-frequency effect of crude oil and exchange rates on stock markets in BRICS countries: Evidence from wavelet quantile regression analysis	14
Stablecoins as the cornerstone in the linkage between the digital and conventional financial markets	14
A study on the bursting point of Bitcoin based on the BSADF and LPPLS methods	14
Institutional quality and corporate financing decisions around the world	14
Individual new energy consumption and economic growth in China	14
House price synchronization across the US states: The role of structural oil shocks	14
The effects of exchange rate fluctuations on the stock market and the affecting mechanisms: Evidence from BRICS countries	14
Holding risky financial assets and subjective wellbeing: Empirical evidence from China	14
Spillover effects in oil-related CDS markets during and after the sub-prime crisis	13
Time-frequency causality and dependence structure between crude oil, EPU and Chinese industry stock: Evidence from multiscale quantile perspectives	13
Who is more important, parents or children? Economic and environmental factors and health insurance purchase	13
Analysis of the cross-region risk contagion effect in stock market based on volatility spillover networks: Evidence from China	13
The influence of international oil price fluctuation on the exchange rate of countries along the “Belt and Road”	13
Does government funding promote or inhibit the financialization of manufacturing enterprises? Evidence from listed Chinese enterprises	13
Interconnectivity among cryptocurrencies, NFTs, and DeFi: Evidence from the Russia-Ukraine conflict	13
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	13
How does economic policy uncertainty drive time–frequency connectedness across commodity and financial markets?	13
Economic uncertainty and national bitcoin trading activity	13
Dependence dynamics of Islamic and conventional equity sectors: What do we learn from the decoupling hypothesis and COVID-19 pandemic?	13
Stock Market’s responses to intraday investor sentiment	13
Dynamic spillovers and linkages between gold, crude oil, S&P 500, and other economic and financial variables. Evidence from the USA	13
Infectious diseases tracking and sectoral stock market returns: A quantile regression analysis	13
Heterogeneity dependence between oil prices and exchange rate: Evidence from a parametric test of Granger causality in quantiles	12
Partial cross-quantilogram networks: Measuring quantile connectedness of financial institutions	12
Herding in Open-end Funds: Evidence from China	12
COVID-19 stringency measures and foreign investment: An early assessment	12
Geopolitical risks and investor sentiment: Causality and TVP-VAR analysis	12
Derivatives market and economic growth nexus: Policy implications for emerging markets	12
Time-frequency co-movement and network connectedness between green bond and financial asset markets: Evidence from multiscale TVP-VAR analysis	12
Spillover and connectedness among G7 real estate investment trusts: The effects of investor sentiment and global factors	12
The ‘COVID’ crash of the 2020 U.S. Stock market	12
An evolutionary game theory model for the inter-relationships between financial regulation and financial innovation	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
Price effects after one-day abnormal returns in developed and emerging markets: ESG versus traditional indices	12
A novel two-stage method for well-diversified portfolio construction based on stock return prediction using machine learning	11
Knowledge capital, CEO power, and firm value: Evidence from the IT industry	11
Stock index futures price prediction using feature selection and deep learning	11
Estimating yield spreads volatility using GARCH-type models	11
The impact of COVID-19 on the tourism and hospitality Industry: Evidence from international stock markets	11
Foreign direct investment and financial markets influences: Results from the United States	11
Exploring the development trend of internet finance in China: Perspective from club convergence	11
Spillovers of U.S. market volatility and monetary policy uncertainty to global stock markets	11
Hedge and safe-haven properties of FAANA against gold, US Treasury, bitcoin, and US Dollar/CHF during the pandemic period	11

Impact of CEO narcissism and hubris on corporate sustainability and firm performance	11
Time-varying impact of monetary policy shocks on US stock returns: The role of investor sentiment	11
Oil, Gas, or Financial Conditions-Which One Has a Stronger Link with Growth?	11
How can investors build a better portfolio in small open economies? Evidence from Asia’s Four Little Dragons	11
Forecasting stock market volatility: Can the risk aversion measure exert an important role?	10
Forecasting risk in the US Dollar exchange rate under volatility shifts	10
The financial investment decision of non-financial firms in China	10
The dynamic connectedness and hedging opportunities of implied and realized volatility: Evidence from clean energy ETFs	10
Dynamic time series momentum of cryptocurrencies	10
How does investor attention matter for crude oil prices and returns? Evidence from time-frequency quantile causality analysis	10
The empirical linkages among market returns, return volatility, and trading volume: Evidence from the S&P 500 VIX Futures	10
What drives the liquidity premium in the Chinese stock market?	10
Dependent relationships between Chinese commodity markets and the international financial market: Evidence from quantile time-frequency analysis	10
Evolution of price effects after one-day abnormal returns in the US stock market	10
Predictability of tail risks of Canada and the U.S. Over a Century: The role of spillovers and oil tail Risks☆	10
Measuring real–financial connectedness in the U.S. economy	10
Spatial analysis of liquidity risk in China	10
Group penalized logistic regressions predict up and down trends for stock prices	10
Valuing spread options with counterparty risk and jump risk	10
Catastrophe bond spread and hurricane arrival frequency	10
Do alternative energy markets provide optimal alternative investment opportunities?	9
The impact of economic uncertainty on the decision of fertility: Evidence from Taiwan	9
Time-varying risk spillovers in Chinese stock market – New evidence from high-frequency data	9
Corporate cash holdings and total factor productivity – A global analysis	9
The momentum and reversal effects of investor sentiment on stock prices	9
Identifying states of global financial market based on information flow network motifs	9
Incorporating the RMB internationalization effect into its exchange rate volatility forecasting	9
Modelling international sovereign risk information spillovers: A multilayer network approach	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
How does the money market development impact the bank lending channel of emerging Countries? A case from China	9
The impact of the shutdown policy on the asymmetric interdependence structure and risk transmission of cryptocurrency and China’s financial market	9
Regime switches and commonalities of the cryptocurrencies asset class	9
Spillover effect of economic policy uncertainty on the stock market in the post-epidemic era	9
Hedging the extreme risk of cryptocurrency	9
Are Google searches making the Bitcoin market run amok? A tail event analysis	9
Hedging and pricing early-exercise options with complex fourier series expansion	9
Investment committees and corporate cash holdings	9
Modeling non-normal corporate bond yield spreads by copula	8
A novel LASSO – TLBO – SVR hybrid model for an efficient portfolio construction	8
Global convergence of inflation rates	8
Does diversification promote systemic risk?	8
Supply chain finance and impacts of consumers’ sustainability awareness	8
Liquidity and asset pricing: Evidence from the Chinese stock markets	8
Cross-region risk spillover between the stock and stock index futures markets under exogenous shocks	8
Risk contagion in the banking network: New evidence from China	8
Valuation of options on the maximum of two prices with default risk under GARCH models	8
Does transparency of central banks communication affect credit market? Empirical evidence for advanced and emerging markets	8
Time-varying beta in functional factor models: Evidence from China	8
Risk spillover analysis of China’s financial sectors based on a new GARCH copula quantile regression model	8
What factor contributes to productivity growth of Chinese city banks: The role of regional difference	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
Interactions between investors’ fear and greed sentiment and Bitcoin prices	8
Dynamic volatility modelling of Bitcoin using time-varying transition probability Markov-switching GARCH model	8
Global stock markets risk contagion: Evidence from multilayer connectedness networks in the frequency domain	8
The contagion effect of jump risk across Asian stock markets during the Covid-19 pandemic	8
Lottery mindset, mispricing and idiosyncratic volatility puzzle: Evidence from the Chinese stock market	7
Oil price shocks and credit spread: Structural effect and dynamic spillover	7
Stock index direction forecasting using an explainable eXtreme Gradient Boosting and investor sentiments	7
The double-edged sword effect of diversified operation on pre- and post-loan risk in the government-led Chinese commercial banks	7
Corporate governance and the insolvency risk of financial institutions	7
Return and volatility spillovers across the Western and MENA countries	7
Impact of Basel III liquidity regulations on U.S. Bank performance in different conditional profitability spectrums	7
The effective of China's monetary policy: Quantity versus price rules	7
Institutional investors’ ownership stability and their investee firms’ equity mispricing	7
Contagion effects in ASEAN-5 exchange rates during the Covid-19 pandemic	7
Dynamic volatility connectedness between industrial metal markets	7
Searching hedging instruments against diverse global risks and uncertainties	7
The Fama-French’s five-factor model relation with interest rates and macro variables	7
Targeted monetary policy and agriculture business loans	7
New empirical assessment of export price competitiveness: Industry-specific real effective exchange rates in Asia	7
Robust drivers of Bitcoin price movements: An extreme bounds analysis	7
Instability spillovers in the banking sector: A spatial econometrics approach	7
Does CEO-chairman dialect similarity affect stock price informativeness for Chinese listed firms?	7
Analyzing quantile spillover effects among international financial markets	7
How the CEO power and age dissimilarity shape the chair-CEO pay gap: Empirical evidence from China	7
Liquidity spillovers between cryptocurrency and foreign exchange markets	7
Fractal statistical measure and portfolio model optimization under power-law distribution	7
Optimal investment and reinsurance policies for an insurer with ambiguity aversion	7
Diversified behavioral portfolio as an alternative to Modern Portfolio Theory	7
Extreme dependence and spillovers between uncertainty indices and stock markets: Does the US market play a major role?	7
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
The risk spillover between China’s economic policy uncertainty and commodity markets: Evidence from frequency spillover and quantile connectedness approaches	7
Directors’ prior life experience and corporate donations: Evidence from China	7
Continuous wavelet analysis of Chinese renminbi: Co-movement and lead-lag relationship between onshore and offshore exchange rates	6
Valuation of piecewise linear barrier options	6
The impact of offshore exchange rate expectations on onshore exchange rates: The case of Chinese RMB	6
Investor co-attention and stock return co-movement: Evidence from China’s A-share stock market	6
Economic policy uncertainty, oil price volatility and stock market returns: Evidence from a nonlinear model	6
Disclosure quality, price efficiency, and expected returns	6
Independent director tenure and corporate transparency	6
Monetary policy and bank performance: The role of business models	6
Rushing through the clouds, or waiting to die? The effect of the green credit policy on heavily polluting firms	6
The dark side of stock market liberalization: Perspectives from corporate R&D activities in China	6
The impact of Twitter-based sentiment on US sectoral returns	6
A kind of new time-weighted nonnegative lasso index-tracking model and its application	6