North American Journal of Economics and Finance

Article	Citations
Editorial Board	122
US structural drivers of international portfolio returns	119
An analytical solution for the robust investment-reinsurance strategy with general utilities	118
Unveiling the gold-oil whirl amidst market uncertainty shocks in China	100
Legal shifts and corporate strategy: The impact of China’s New Securities Law on earnings management	72
Dynamics of market power and stability in GCC banking: econometric analysis and policy implications	67
The transition of the global financial markets' connectedness during the COVID-19 pandemic	67
Credit ratings and top executives’ political ideology	56
Editorial Board	54
Dissecting returns of non-fungible tokens (NFTs): Evidence from CryptoPunks	53
Expected versus unexpected Inflation:The role of Trade Policy	53
Recent evidence on the short-term and long-term performance persistence of emerging-market mutual fund returns	51
Which uncertainty measure better predicts gold prices? New evidence from a CNN-LSTM approach	51
Multi-step barrier products and static hedging	50
Asymmetric dynamics between the Baltic Dry Index and financial markets during major global economic events	50
Corrigendum to “Regime-Switching volatility and risk quantification in South Asian and developed stock Markets: A Comparative perspective using Markov-Switching GARCH with MLE and MCMC estimations” [N	50
The impact of audit fees and auditor tenure on company valuation: An analysis of large U.S. audit firms	50
Exploring the dynamic spillover of cryptocurrency environmental attention across the commodities, green bonds, and environment-related stocks	48
Geopolitical risk and stock market volatility in emerging markets: A GARCH – MIDAS approach	48
Clustering effects and evolution of the global major 10-year government bond market structure: A network perspective	45
A non-zero-sum investment and reinsurance game between two mean–variance insurers with dynamic CVaR constraints	45
Modeling the unintended consequences of short selling for innovation investment	43
The impact of Twitter-based sentiment on US sectoral returns	42
Hand in hand or left behind: The dual impact of leading firms’ digital technologies on industry digital transformation	41
On the connectedness between the uncertainty of central bank digital currency adoption and stablecoins	39

Unveiling the bright side of rice-farming culture in shaping innovation: Evidence from Chinese listed firms	39
Impact of Off-Balance-Sheet Activities on the Effectiveness of Monetary Policy	38
Determinants of CDS in core and peripheral European countries: A comparative study during crisis and calm periods	38
Can real-time investor sentiment help predict the high-frequency stock returns? Evidence from a mixed-frequency-rolling decomposition forecasting method	37
Strategic cooperation in fintech field and efficiency of commercial banks	37
The effect of compound heat-drought risk on municipal corporate bonds pricing: Evidence from China	37
Economic fundamentals, policy responses, and state-level municipal bond sensitivity to COVID-19 prevalence	35
Green bonds and clean energy stocks: Safe havens against global uncertainties? A wavelet quantile-based examination	34
Editorial Board	34
Can NFTs hedge the risk of traditional assets after the COVID-19 pandemic?	33
Bank systemic risk prediction based on text mining and explainable machine learning	32
Enhanced index tracking: A relative downside risk approach	32
MRN-based connectedness: A nonlinear approach for capturing systemic risk dynamics in financial systems	32
Can monthly-return rank order reveal a hidden dimension of momentum? The post-cost evidence from the U.S. stock markets	32
Deregulation of short selling and corporate cash dividend policy: A quasi-natural experiment from China	32
Does the international oil market interact with China’s financial market? New evidence from time-varying higher moments	32
International oil shocks and the volatility forecasting of Chinese stock market based on machine learning combination models	30
Optimal venture capital entry–exit strategy with jump–diffusion risk	29
Fintech, strategic incentives and investment to human capital, and MSEs innovation	29
Static and dynamic return and volatility connectedness between transportation tokens and transportation indices: Evidence from quantile connectedness approach	29
The impact of coordination of monetary policy and macroprudential policy on systemic risks in the real estate market	28
Investment and asset pricing with relative wealth concerns and multiple risky assets	28
Regional market uncertainty and corporate investment	28
Dynamic volatility spillover and market emergency: Matching and forecasting	27
A crisis like no other? Financial market analogies of the COVID-19-cum-Ukraine war crisis	27
Editorial Board	27
Special issue: Financial technology, innovation, and corporate finance	27
Foreign ownership and M&A activity: Evidence from China	26
Asymmetric impact of global crude oil on Chinese sectors and optimal portfolio strategies: An analysis of the higher-order moment tail risk spillovers	26
Oil price shocks, economic policy uncertainty and China’s producer price index: Evidence from quantile regression analysis	26
Spillover shifts in the FX market: Implication for the behavior of a safe haven currency	26
Stock index futures price prediction using feature selection and deep learning	26
Inflation synchronization and shock transmission between the eurozone and the non-euro CEE Economies: A wavelet quantile VAR approach	26
How do the dual effects of financial development change the transmission of monetary policy? – Evidence from China	25
Dynamic interrelations and the potential of global industrial sectors to function as a refuge for the global transition towards a low-carbon economy	25
Managerial response to institutional investor distraction	24
Cross-sectional quantile regression for estimating conditional VaR of returns during periods of high volatility	24
Spillovers and directional predictability between international energy commodities and their implications for optimal portfolio and hedging	24
Asymmetries in the international spillover effects of monetary policy: Based on TGVAR model	24
Pricing vulnerable spread options with liquidity risk under Lévy processes	24
Cybersecurity risk and firm growth: Empirical evidence based on text analysis	24
Examining the nexus between oil shocks and sovereign credit risk: Multidimensional insights from major oil exporters	24
Institutional opening of capital market and stock price Bubble: Evidence from China	24
Outperforming ESG stocks portfolio: A machine learning ranking model with catboots regressor	23
Measuring liquidity with return volatility: An analytical approach based on heavy-tailed Censored-GARCH model	23
The neo-Fisherian effect in a new Keynesian model with real money balances	23
Editorial Board	23
Geography of corporate networks and housing price spillovers: evidence from U.S. States	23
Who is smarter? Evidence from extreme financial risk contagion in hedge funds and mutual funds	23
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]	22

Quantile connectedness of oil price shocks with socially responsible investments	22
Oil price shocks and stock–bond correlation	22
Hedging Bitcoin with commodity futures: An analysis with copper, gas, gold, and crude oil futures	22
The temporal variability in the returns of socially responsible funds to structural oil shocks	21
Hedging the extreme risk of cryptocurrency	21
News and intraday jumps: Evidence from regularization and class imbalance	21
The British Stock Market, currencies, brexit, and media sentiments: A big data analysis	21
Economic uncertainty, shadow banking, and systemic risk: A perspective of interbank network structure analysis	20
Decoding the stock market dynamics in the banking sector: Short versus long-term insights	20
Measuring market volatility connectedness to media sentiment	20
Stock market extreme risk prediction based on machine learning: Evidence from the American market	20
Non-executive employee stock ownership plans and corporate innovation efficiency: Evidence from China	20
Risky finance, riskier climate: when financial instability meets climate risks on the bridge of sustainability uncertainty	20
Explosive behavior in historic NASDAQ market prices	19
Influence of a wider trading range on stock price efficiency: Evidence from ChiNext stocks in China	19
Interactions between investors’ fear and greed sentiment and Bitcoin prices	19
A comparison of bitcoin futures return and return volatility based on news sentiment contemporaneously or lead-lag	19
Stablecoins as a tool to mitigate the downside risk of cryptocurrency portfolios	19
Stock market forecasting accuracy of asymmetric GARCH models during the COVID-19 pandemic	19
Examining the transmission of credit and liquidity risks: A network analysis for EMU sovereign debt markets	19
Liquidity spillovers between cryptocurrency and foreign exchange markets	19
Is there a dark side to financial inclusion? Understanding the relationship between financial inclusion and market risk	18
Multi-scale systemic risk and spillover networks of commodity markets in the bullish and bearish regimes	18
A measure of quantile-on-quantile connectedness for the US treasury yield curve spread, the US Dollar, and gold price	18
Organizational capital and stock performance during Crises: Moderating role of generalist CEO	18
Constrained portfolio optimization via Artificial Gorilla Troops: Benchmarking against swarm-intelligence metaheuristic algorithms	17
The outbreak of COVID-19 and stock market liquidity: Evidence from emerging and developed equity markets	17
Investigating the impact of the Covid-19 pandemic on stock markets volatility in USA and Europe	17
Can volatility spread fully capture the put–call parity violation?	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
Systemic spillovers in high-growth private market sectors: determinants and portfolio implications	17
Pricing VIX options based on mean-reverting models driven by information	17
Forecasting volatility of China’s crude oil futures based on hybrid ML-HAR-RV models	17
Can U.S. macroeconomic indicators forecast cryptocurrency volatility?	16
On the non-neutrality of socially responsible investing in the presence of a greenium	16
Cross-category and cross-country spillovers of economic policy uncertainty: Evidence from the US and China	16
Editorial Board	16
SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears	16
Do cryptocurrencies provide better hedging? Evidence from major equity markets during COVID-19 pandemic	16
Individual investment adaptations to COVID-19 lockdowns	16
Systemic risk monitoring model from the perspective of public information arrival	16
How does FinTech affect the development of the digital economy? Evidence from China	16
Inflation risk and stock returns: Evidence from US aggregate and sectoral markets	15
The risk spillover between China’s economic policy uncertainty and commodity markets: Evidence from frequency spillover and quantile connectedness approaches	15
Systemic risk in corporate bond markets: Thematic vs. Exogenous recessions	15
Dynamic conditional correlations and connectedness in emerging-market exchange rates§	15
Systemic risk among Chinese oil and petrochemical firms based on dynamic tail risk spillover networks	15
Geopolitical risk and firm value: Evidence from emerging markets	15
CEO succession and corporate innovation: A managerial myopic perspective	14
Hard to arbitrage, hard for analysts to forecast	14
Editorial Board	14
Text Spillover: Measuring connectedness of financial institutions based on news text data	14
The impact of VIX on China’s financial market: A new perspective based on high-dimensional and time-varying methods	14
The cross-border interaction of financial stress: From the perspective of pattern causality	13
Information sharing in a perfectly competitive market	13
The RP-PCA factors and stock return predictability: An aligned approach	13
Carbon emission control, tariff-carbon tax reform and intersectoral migration in the presence of international capital inflows	13
Regulation and crises: A concave story	13
Adaptive online portfolio selection incorporating systematic risk of the financial market	13
Momentum mechanisms under heterogeneous beliefs	13
Money, payments systems, limited participation, and central banking	13
Early warning systems for cryptocurrency markets: Predicting ‘zombie’ assets using machine learning	12
Political sentiment and MAX effect	12
Upside/Downside spillovers between oil and Chinese stock sectors: From the global financial crisis to global pandemic	12
Private health insurance consumption and public health-care provision in OECD countries: Impact of culture, finance, and the pandemic	12
Commonality, macroeconomic factors and banking profitability	12
Which liquidity indicator is more informative to market volatility? Spectrum analysis of China’s base metal futures market	12
Geopolitical risks and investor sentiment: Causality and TVP-VAR analysis	12
Did the Indian stock market overreact to Covid-19?	12
Impact of Basel III liquidity regulations on U.S. Bank performance in different conditional profitability spectrums	12
Real-time GARCH@CARR: A joint model of returns, realized measure of volatility and current intraday information	11
Pricing options on the maximum or the minimum of several assets with default risk	11
Investor sentiment and energy futures predictability: Evidence from Feasible Quasi Generalized Least Squares	11
Can hybrid model improve the forecasting performance of stock price index amid COVID-19? Contextual evidence from the MEEMD-LSTM-MLP approach	11
The valuation of variance swaps with psychological barriers in the underlying dynamics	11
Effect of sectoral holdings on the flow-performance sensitivity of mutual funds	11
Stablecoins as the cornerstone in the linkage between the digital and conventional financial markets	11
Unveiling asymmetric return spillovers with portfolio implications among Indian stock sectors during Covid-19 pandemic	11
Reassessing the inversion of the Treasury yield curve as a sign of U.S. recessions: Insights from the housing and credit markets	11
The effects of financial openness and financial efficiency on Chinese macroeconomic volatilities	11

Sources of CEO power and firm mergers & acquisitions——Evidence from Chinese listed family firms	11
A penalized U-MIDAS multinomial logit model with applications to corporate credit ratings	11
Multiperiod portfolio allocation: A study of volatility clustering, non-normalities and predictable returns	11
Digital finance and misallocation of resources among firms: Evidence from China	10
ESG rating divergence and stock price crash risk	10
A new approach to capital control for emerging market economies	10
Corporate investment amid trade policy uncertainty: Past lessons, future presidency	10
The effect of output and the real exchange rate on equity price dynamics	10
ESG and Stock Price Volatility Risk: Evidence from Chinese A-share Market	10
Re-examining China and the u.s.’s respective green bond markets in extreme conditions: Evidence from quantile connectedness	10
Research on the time-varying effects among green finance markets in China: A fresh evidence from multi-frequency scale perspective	10
Analytical valuation of vulnerable chained options	10
Spillover of fear among the US and BRICS equity markets during the COVID-19 crisis and the Russo-Ukrainian conflict	9
Is a co-jump in prices a sparse jump?	9
Editorial Board	9
Investor sentiment response to COVID-19 outbreak-related news: A sectoral analysis of US firms	9
Impacts of COVID-19 on global stock sectors: Evidence from time-varying connectedness and asymmetric nexus analysis	9
Dynamic q-dependent cross-correlation test for investment classification and its application on green finance	9
Corporate cash value and ESG management: Panel data analyses of stock indices across countries	9
Searching for informed traders in stock markets: The case of Banco Popular	9
Temporal and spatial heterogeneity of resource misallocation in Chinese banks and its influential factors	9
The impact of revenue diversification on profitability, capital, and risk in US banks by size	9
The threshold effect of political connection on the green innovation of businesses: Evidence from China	9
Information asymmetry, sentiment interactions, and asset price	9
Does inter-industry risk spillover network predict financial crisis? Evidence from a gated graph neural networks approach	9
The effects of formal and informal CEO power on debt policy persistence	9
Overconfident investors, Predictable Returns, and optimal consumption-portfolio rules	9
Models of optimal contract in lending: Evaluating the impact of diversified versus focused policies on riskiness of borrower base	9
Dynamic connectedness of climate risks, oil shocks, and China’s energy futures market: Time-frequency evidence from Quantile-on-Quantile regression	9
Economic policy uncertainty, macroeconomic shocks, and systemic risk: Evidence from China	9
The time-varying relationship between climate uncertainty, low-carbon stocks and green bonds	9
How does node centrality in a financial network affect asset price prediction?	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
Stock index direction forecasting using an explainable eXtreme Gradient Boosting and investor sentiments	8
Optimal consumption and portfolio selection for retirees under inflation and pension default risk	8
Valuing American options using multi-step rebate options	8
How can media attention reveal ESG improvement opportunities? A multi-algorithm machine learning-based approach for Taiwan’s electronics industry	8
Dynamic impact of the US yield curve on green bonds: Navigating through recent crises	8
Banking market structure and corporate investment efficiency	8
Dynamic volatility spillover among cryptocurrencies and energy markets: An empirical analysis based on a multilevel complex network	8
Explosiveness in the renewable energy equity sector: International evidence	8
Option trading volume and the cross-section of option returns	8
Dealer markets: A reinforcement learning mean field game approach	8
Multivariate risk aversion utility, application to ESG investments	8
Oil price uncertainty and macro-financial systemic risk	8
Animal Behavior in Capital markets: Herding formation dynamics, trading volume, and the role of COVID-19 pandemic	8
Modeling and forecasting commodity price volatility using a common leverage factor	8
Network volatility, contagion, and two-pillar policies: Insights from Chinese financial sector data	8
Searching hedging instruments against diverse global risks and uncertainties	8
Mutual fund style drift measured using higher moments and its cash flow incentive	8
Bank competition, government interest in green initiatives and carbon emissions reduction: An empirical analysis using city-level data from China	8
Industrial policy and downside risk: Evidence from CHIPS-Exposed firms	8
Are green bonds the new quasi-havens? novel evidence from sentiment-driven volatility spillovers	8
The debt-growth nexus in Canada: evidence from an open-economy ARDL model	8
WITHDRAWN: Extreme risk contagion from the United States to BRICS stock markets: A multivariate quantile analysis	8
The research on non-linear relationship between enterprise digital transformation and stock price crash risk	7
Understanding the conditional out-of-sample predictive impact of the price of crude oil on aggregate equity return volatility	7
Procyclical variation margins in central clearing	7
Dynamic interaction of risk–return trade-offs between oil market and China’s stock market: An analysis from the risk preferences perspective	7
Coordination and non-coordination risks of monetary and macroprudential authorities: A robust welfare analysis	7
Deposit competition and effectiveness of bank capital requirements	7
Volatility and returns connectedness between cryptocurrency and China’s financial markets: A TVP-VAR extended joint connectedness approach	7
Financial stability policy and downside risk in stock returns	7
Editorial Board	7
IPO performance and the size effect: Evidence for the US and Canada	7
Editorial Board	7
Market risk modeling with option-implied covariances and score-driven dynamics	7
From collapse to contagion: How bank failures influence stock markets	7
Cross-market information transmission and stock market volatility prediction	7
The role of ESG factor in stock clustering based on risk-return-liquidity dimensions	7
COVID-19 related media sentiment and the yield curve of G-7 economies	7
Credit information sharing and corporate debt maturity structure: Evidence from a quasi-natural experiment in China	7
Creditable bonds’ multifunctional roles during the COVID-19 pandemic	7
The impact of volatility regime dynamics on option pricing	7
Which stock price component drives the Amihud illiquidity premium?	7
Heterogeneous beliefs with information processing capacity constraints and asset pricing in a monetary economy	7
Regional FinTech development and total factor productivity among firms: Evidence from China	7
Editorial Board	7
Editorial Board	7
Monetary policy spillovers among five systemic economies: Evidence from the time and frequency domains	7
Do regulatory penalties reduce risk-taking of banks?	7
Does climate change matter for bank profitability? Evidence from China	7
How do precious and industrial metals hedge oil in a multi-frequency semiparametric CVaR portfolio?	6
The dynamics of corporate climate risk and market volatility: International evidence	6
Portfolio tail risk forecasting for international financial assets: A GARCH-MIDAS-R-Vine copula model	6
Forecasting VIX using two-component realized EGARCH model	6
A common component of Fama and French factor variances	6
Market risks that change domestic diversification benefits	6
Multiscale dynamic interdependency between China’s crude oil futures and petrochemical-related commodity futures: An integrated perspective from the industry chain system	6
Green bond and green stock in China: The role of economic and climate policy uncertainty	6
Macro topology structure and evolution of Chinese Public Funds’ Co-holding Network	6
Optimal reinsurance-investment game for two insurers with SAHARA utilities under correlated markets	6
The role of investor sentiment and market belief in forecasting V-shaped disposition effect: Evidence from a Bayesian learning process with DSSW model	6
The resonance effect of economic policy uncertainty worldwide: A time–frequency analysis	6
Spillover effects of clean energy risks and the impacts of economic policy uncertainty on the stability of the equity market: A dependence dynamics analysis	6