Details about Andrew Urquhart

Access statistics for papers by Andrew Urquhart.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pur103

Working Papers

2025

1. An adoption model of cryptocurrencies
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
   See also Journal Article An adoption model of cryptocurrencies, European Journal of Operational Research, Elsevier (2025) (2025)

2024

2. Scoring goals: The impact of English Premier League football teams on local university admissions
   Economics Discussion Papers, Department of Economics, University of Reading
   See also Journal Article Scoring goals: The impact of English Premier League football teams on local university admissions, Economics Letters, Elsevier (2024) (2024)

2023

3. The role of interpersonal trust in cryptocurrency adoption
   Post-Print, HAL
   See also Journal Article The role of interpersonal trust in cryptocurrency adoption, Journal of International Financial Markets, Institutions and Money, Elsevier (2023) View citations (10) (2023)

2022

4. Demand elasticities of Bitcoin and Ethereum
   Post-Print, HAL
   See also Journal Article Demand elasticities of Bitcoin and Ethereum, Economics Letters, Elsevier (2022) (2022)

2021

5. What effect did the introduction of Bitcoin futures have on the Bitcoin spot market?
   Post-Print, HAL View citations (17)
   See also Journal Article What effect did the introduction of Bitcoin futures have on the Bitcoin spot market?, The European Journal of Finance, Taylor & Francis Journals (2021) View citations (17) (2021)

Journal Articles

2025

1. An adoption model of cryptocurrencies
   European Journal of Operational Research, 2025, 323, (1), 253-266
   See also Working Paper An adoption model of cryptocurrencies, LSE Research Online Documents on Economics (2025) (2025)
2. Carbon risk and debt financing: An international perspective
   Journal of International Money and Finance, 2025, 153, (C)
3. Corrigendum to “Spillover effects between fossil energy and green markets: Evidence from informational inefficiency” [Energy EconomicsVolume 131, March 2024, 107317]
   Energy Economics, 2025, 143, (C)

2024

4. 10 years of stablecoins: Their impact, what we know, and future research directions
   Economics Letters, 2024, 244, (C) View citations (1)
5. Blockchain factors
   Journal of International Financial Markets, Institutions and Money, 2024, 94, (C)
6. Central bank digital currencies: A critical review
   International Review of Financial Analysis, 2024, 91, (C) View citations (2)
7. Cryptocurrency research: future directions
   The European Journal of Finance, 2024, 30, (16), 1849-1854 View citations (1)
8. Do clean and dirty cryptocurrencies connect financial assets differently? The perspective of market inefficiency
   Research in International Business and Finance, 2024, 70, (PB)
9. Forecasting Bitcoin volatility using machine learning techniques
   Journal of International Financial Markets, Institutions and Money, 2024, 97, (C)
10. Labor investment inefficiency and LGBTQ+-friendliness
    International Review of Financial Analysis, 2024, 95, (PB)
11. Macroeconomic momentum and cross-sectional equity market indices
    Journal of International Financial Markets, Institutions and Money, 2024, 92, (C) View citations (1)
12. Modeling Price and Variance Jump Clustering Using the Marked Hawkes Process*
    Journal of Financial Econometrics, 2024, 22, (3), 743-772
13. Scoring goals: The impact of English Premier League football teams on local university admissions
    Economics Letters, 2024, 244, (C)
    See also Working Paper Scoring goals: The impact of English Premier League football teams on local university admissions, Economics Discussion Papers (2024) (2024)
14. Spillover effects between fossil energy and green markets: Evidence from informational inefficiency
    Energy Economics, 2024, 131, (C) View citations (13)
15. The financial impact of financial fair play regulation: Evidence from the English premier league
    International Review of Financial Analysis, 2024, 92, (C)

2023

16. Attention allocation and cryptocurrency return co-movement: Evidence from the stock market
    International Review of Economics & Finance, 2023, 88, (C), 1173-1185 View citations (4)
17. Can altcoins act as hedges or safe-havens for Bitcoin?
    Finance Research Letters, 2023, 52, (C) View citations (1)
18. Do clean and dirty cryptocurrencies connect with financial assets differently? The role of economic policy uncertainty
    Energy Economics, 2023, 127, (PA) View citations (9)
19. Does Bitcoin affect decomposed oil shocks differently? Evidence from a quantile-based framework
    International Review of Financial Analysis, 2023, 89, (C) View citations (6)
20. Forecasting GDP growth rates in the United States and Brazil using Google Trends
    International Journal of Forecasting, 2023, 39, (4), 1909-1924 View citations (2)
21. No Cryptocurrency Experience Required: Managerial Characteristics in Cryptocurrency Fund Performance
    Review of Corporate Finance, 2023, 3, (4), 529-569 View citations (3)
22. The instability of stablecoins
    Finance Research Letters, 2023, 52, (C) View citations (6)
23. The role of interpersonal trust in cryptocurrency adoption
    Journal of International Financial Markets, Institutions and Money, 2023, 83, (C) View citations (10)
    See also Working Paper The role of interpersonal trust in cryptocurrency adoption, Post-Print (2023) (2023)
24. The unintended consequence of social media criticisms: an earnings management perspective
    The European Journal of Finance, 2023, 29, (1), 33-57 View citations (1)
25. Time-varying dependence between Bitcoin and green financial assets: A comparison between pre- and post-COVID-19 periods
    Journal of International Financial Markets, Institutions and Money, 2023, 82, (C) View citations (23)

2022

26. Crypto and digital currencies — nine research priorities
    Nature, 2022, 604, (7904), 36-39
27. Demand elasticities of Bitcoin and Ethereum
    Economics Letters, 2022, 220, (C)
    See also Working Paper Demand elasticities of Bitcoin and Ethereum, Post-Print (2022) (2022)
28. Intraday time series momentum: Global evidence and links to market characteristics
    Journal of Financial Markets, 2022, 57, (C) View citations (2)
29. Naval disasters, world war two and the British stock market
    Research in International Business and Finance, 2022, 59, (C) View citations (16)
30. The role of media coverage in the bubble formation: Evidence from the Bitcoin market
    Journal of International Financial Markets, Institutions and Money, 2022, 80, (C) View citations (8)
31. UK Vice Chancellor compensation: Do they get what they deserve?
    The British Accounting Review, 2022, 54, (4) View citations (1)
32. Under the hood of the Ethereum blockchain
    Finance Research Letters, 2022, 47, (PA) View citations (7)
33. Why have UK universities become more indebted over time?
    International Review of Economics & Finance, 2022, 82, (C), 771-783 View citations (3)

2021

34. Dynamic efficiency and arbitrage potential in Bitcoin: A long-memory approach
    International Review of Financial Analysis, 2021, 75, (C) View citations (27)
35. Female CFOs, leverage and the moderating role of board diversity and CEO power
    Journal of Corporate Finance, 2021, 71, (C) View citations (25)
36. MAX momentum in cryptocurrency markets
    International Review of Financial Analysis, 2021, 77, (C) View citations (17)
37. Nonlinearity everywhere: implications for empirical finance, technical analysis and value at risk
    The European Journal of Finance, 2021, 27, (13), 1326-1349 View citations (2)
38. Technical trading and cryptocurrencies
    Annals of Operations Research, 2021, 297, (1), 191-220 View citations (19)
39. The efficiency of Bitcoin: A strongly typed genetic programming approach to smart electronic Bitcoin markets
    International Review of Financial Analysis, 2021, 73, (C) View citations (8)
40. Uncertainty of uncertainty and firm cash holdings
    Journal of Financial Stability, 2021, 56, (C) View citations (12)
41. What effect did the introduction of Bitcoin futures have on the Bitcoin spot market?
    The European Journal of Finance, 2021, 27, (13), 1251-1281 View citations (17)
    See also Working Paper What effect did the introduction of Bitcoin futures have on the Bitcoin spot market?, Post-Print (2021) View citations (17) (2021)

2020

42. A three-factor pricing model for cryptocurrencies
    Finance Research Letters, 2020, 34, (C) View citations (37)
43. Do momentum and reversal strategies work in commodity futures? A comprehensive study
    Review of Behavioral Finance, 2020, 12, (4), 375-409 View citations (2)
44. Forecasting the volatility of Bitcoin: The importance of jumps and structural breaks
    European Financial Management, 2020, 26, (5), 1294-1323 View citations (36)
45. Political uncertainty and sentiment: Evidence from the impact of Brexit on financial markets
    European Economic Review, 2020, 129, (C) View citations (9)
46. Should investors include Bitcoin in their portfolios? A portfolio theory approach
    The British Accounting Review, 2020, 52, (4) View citations (56)
47. What drives Bitcoin’s price crash risk?
    Economics Letters, 2020, 191, (C) View citations (28)

2019

48. An early warning indicator for liquidity shortages in the interbank market
    International Journal of Finance & Economics, 2019, 24, (3), 1300-1312 View citations (1)
49. Cryptocurrencies as a financial asset: A systematic analysis
    International Review of Financial Analysis, 2019, 62, (C), 182-199 View citations (388)
50. Does twitter predict Bitcoin?
    Economics Letters, 2019, 174, (C), 118-122 View citations (158)
51. High‐frequency trading from an evolutionary perspective: Financial markets as adaptive systems
    International Journal of Finance & Economics, 2019, 24, (2), 943-962 View citations (3)
52. Information demand and cryptocurrency market activity
    Economics Letters, 2019, 185, (C) View citations (11)
53. Investigating risk contagion initiated by endogenous liquidity shocks: evidence from the US and eurozone interbank markets
    The European Journal of Finance, 2019, 25, (1), 35-53 View citations (1)
54. Is Bitcoin a hedge or safe haven for currencies? An intraday analysis
    International Review of Financial Analysis, 2019, 63, (C), 49-57 View citations (225)
55. Pairs trading across Mainland China and Hong Kong stock markets
    International Journal of Finance & Economics, 2019, 24, (2), 698-726 View citations (3)
56. Portfolio management with cryptocurrencies: The role of estimation risk
    Economics Letters, 2019, 177, (C), 76-80 View citations (58)
57. The Brexit vote and currency markets
    Journal of International Financial Markets, Institutions and Money, 2019, 59, (C), 153-164 View citations (6)
58. The intraday dynamics of bitcoin
    Research in International Business and Finance, 2019, 49, (C), 71-81 View citations (50)
59. The performance of technical trading rules in Socially Responsible Investments
    International Review of Economics & Finance, 2019, 63, (C), 397-411 View citations (1)

2018

60. Does intraday technical trading have predictive power in precious metal markets?
    Journal of International Financial Markets, Institutions and Money, 2018, 52, (C), 102-113 View citations (16)
61. Future directions in international financial integration research - A crowdsourced perspective
    International Review of Financial Analysis, 2018, 55, (C), 35-49 View citations (22)
62. Optimal vs naïve diversification in cryptocurrencies
    Economics Letters, 2018, 171, (C), 93-96 View citations (52)
63. Ultra-high-frequency lead–lag relationship and information arrival
    Quantitative Finance, 2018, 18, (5), 725-735 View citations (3)
64. What causes the attention of Bitcoin?
    Economics Letters, 2018, 166, (C), 40-44 View citations (199)

2017

65. How predictable are precious metal returns?
    The European Journal of Finance, 2017, 23, (14), 1390-1413 View citations (7)
66. Price clustering in Bitcoin
    Economics Letters, 2017, 159, (C), 145-148 View citations (165)
67. Sampling frequency and the performance of different types of technical trading rules
    Finance Research Letters, 2017, 22, (C), 136-139 View citations (12)
68. Stylized facts of intraday precious metals
    PLOS ONE, 2017, 12, (4), 1-21 View citations (9)

2016

69. A calendar effect: Weekend overreaction (and subsequent reversal) in spot FX rates
    Journal of Multinational Financial Management, 2016, 37-38, 158-167 View citations (4)
70. Are stock markets really efficient? Evidence of the adaptive market hypothesis
    International Review of Financial Analysis, 2016, 47, (C), 39-49 View citations (52)
71. Investor sentiment and local bias in extreme circumstances: The case of the Blitz
    Research in International Business and Finance, 2016, 36, (C), 340-350 View citations (5)
72. Liquidity risk contagion in the interbank market
    Journal of International Financial Markets, Institutions and Money, 2016, 45, (C), 142-155 View citations (11)
73. The inefficiency of Bitcoin
    Economics Letters, 2016, 148, (C), 80-82 View citations (553)

2015

74. How exactly do markets adapt? Evidence from the moving average rule in three developed markets
    Journal of International Financial Markets, Institutions and Money, 2015, 38, (C), 127-147 View citations (18)
75. Political uncertainty and the 2012 US presidential election: A cointegration study of prediction markets, polls and a stand-out expert
    International Review of Financial Analysis, 2015, 42, (C), 162-171 View citations (7)
76. War and stock markets: The effect of World War Two on the British stock market
    International Review of Financial Analysis, 2015, 40, (C), 166-177 View citations (66)

2014

77. Calendar effects, market conditions and the Adaptive Market Hypothesis: Evidence from long-run U.S. data
    International Review of Financial Analysis, 2014, 35, (C), 154-166 View citations (56)
78. The Euro and European stock market efficiency
    Applied Financial Economics, 2014, 24, (19), 1235-1248 View citations (6)

2013

79. Efficient or adaptive markets? Evidence from major stock markets using very long run historic data
    International Review of Financial Analysis, 2013, 28, (C), 130-142 View citations (62)

Chapters

2024

1. The environmental, social, and governance (ESG) aspects of Bitcoin
   Chapter 15 in The Elgar Companion to Decentralized Finance, Digital Assets, and Blockchain Technologies, 2024, pp 298-312