The North American Journal of Economics and Finance

1992 - 2025

Continuation of North American Review of Economics and Finance.

Current editor(s): Hamid Beladi

From Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 79, issue C, 2025

Adaptive online portfolio selection incorporating systematic risk of the financial market

Liwei Yang, Rumei Liu and Jianing Zhang

Cryptocurrencies as safe havens for geopolitical risk? A quantile analysis approach

Bin Mo, Jiaru Chen, Qinling Shi and Zichun Zeng

Corporate ESG performance and stock pricing efficiency

Shaowei Chen and Zhiliang Wu

Calendar effects on returns, volatility and higher moments: Evidence from crypto markets

Bernardina Algieri, Kokulo K. Lawuobahsumo, Arturo Leccadito and Iliess Zahid

Misaligned expectations and bond term premium measures

Jesús Vázquez

The optimal timing and conditions for the digital transformation of traditional enterprises

Zhuming Chen and Wanhua Liang

From collapse to contagion: How bank failures influence stock markets

Václav Brož and Petr Teplý

On the connectedness between the uncertainty of central bank digital currency adoption and stablecoins

Thai Hong Le, Hiep Ngoc Luu, Dinh Dinh Do, Trung-Anh Nguyen and Toan Canh Pham

Optimal consumption and portfolio selection for retirees under inflation and pension default risk

Zhenmei Lin, Chong Lai and Rui Li

Common risk factors in REIT Returns: New insights

Alain Coën and Philippe Guardiola

The FED model: Is it still with us?

David G. McMillan

Network volatility, contagion, and two-pillar policies: Insights from Chinese financial sector data

Xiaoyuan Zhang and Hang You

Asymmetric impact of social media sentiments and stock market uncertainty on Indian sectoral returns: A quantile-on-quantile approach

Hera Asif Khan and Rishman Jot Kaur Chahal

Multidimensional risk contagions in commodity markets: A multi-layer information networks method

Zongrun Wang, Huan Zhu and Yunlong Mi

Ambiguity and stock price crash risk: Evidence from China

Yinan Li, Qiang Liu and Shuxin Guo

Risk transmission between oil price shocks and major equity indices across bull and bear markets over various time horizons

Walid Mensi, Mariya Gubareva and Tamara Teplova

Strategic information asymmetry in tail-risk markets

Omid M. Ardakani

Tail risk spillover and systemic importance among fossil energy markets: Evidence from china

Huike Zheng, Chiyuan Gao and Jing Deng

The effect of compound heat-drought risk on municipal corporate bonds pricing: Evidence from China

Ziqi Lei, Ping Li and Yujing Wang

Hedging downside risk for REITs

Jian Zhou

The impact of audit fees and auditor tenure on company valuation: An analysis of large U.S. audit firms

José Manuel Santos-Jaén, María del Carmen Valls Martínez, Gema Martín de Almagro Vázquez and Ana León-Gómez

Volume 78, issue C, 2025

Cryptocurrencies, stocks, and economic policy uncertainty: A FAVAR analysis

Andrea Civelli and Laura Jackson Young

Pricing of American timer options

Mijin Ha, Sangmin Park, Ji-Hun Yoon and Donghyun Kim

Connectedness of China’s green bond and green stock markets at the low- and high-order moments: The role of economic and climate policy uncertainty

Yu Wang, Adrian Wai Kong Cheung, Wan-Lin Yan and Bin Wang

Impacts of geographical conflicts on risk tango between oil and equity markets: An empirical evidence from oil-importing and exporting nations

Aziz Ullah, Kang-Lin Peng, Chih-Chiang Lu and Ying Jin

The link between energy prices and stock markets in European Union countries

Robert Adrian Grecu, Alexandru Adrian Cramer, Daniel Traian Pele and Stefan Lessmann

Financing the firm or fueling risk? how share-pledged loans for corporate use shape corporate performance

Yuanling Li, Zhongyi Xiao, Fei Shen, Hanbing Zou and Weiping Li

The valuation of variance swaps with psychological barriers in the underlying dynamics

Shiyu Song and Yiming Jiang

Long-term forecasting in asset pricing: Machine learning models’ sensitivity to macroeconomic shifts and firm-specific factors

Yihe Qian and Yang Zhang

Analytically pricing crude oil options under a jump-diffusion model with stochastic liquidity risk and convenience yield

Sha Lin, Meiling Chen and Xin-Jiang He

Can industrial intelligence promote net-zero development? An analysis of resource dependence

Kai Jiang, Baogui Xin and Ernesto D.R. Santibanez Gonzalez

A hybrid model for intraday volatility prediction in Bitcoin markets

Prakash Raj, Koushik Bera and N. Selvaraju

Effect of digital finance on household financial asset allocation: a social psychology perspective

Jing Yang, Jianxun Shi and Ling Xu

Forecasting volatility of China’s crude oil futures based on hybrid ML-HAR-RV models

Genhua Hu, Xiaoqing Ma and Tingting Zhu

Do US sectoral contagion and news-based economic policy uncertainty cause fear or greed behavior in Bitcoin investors?

Umaid A. Sheikh and Muhammad Tahir Suleman

Carbon finance development, industrial structure and green financial instruments

Chenyuan Zhao, Zhaolongyu Lei, Xu Zhao and Yuxuan Wang

How can media attention reveal ESG improvement opportunities? A multi-algorithm machine learning-based approach for Taiwan’s electronics industry

Shu Ling Lin, Yu Rou Lin and Xiao Jin

A note on the relationship between Bitcoin price and sentiment: New evidence obtained from a cryptocurrency heist

Mingnan Li, Viktor Manahov and John Ashton

Asymmetric impact of global crude oil on Chinese sectors and optimal portfolio strategies: An analysis of the higher-order moment tail risk spillovers

Ruibin Liang, Sheng Cheng and Xinran Li

Carbon emission control, tariff-carbon tax reform and intersectoral migration in the presence of international capital inflows

Tai-Liang Chen, Mingjie Yang and Yuxiang Zou

The dynamics of corporate climate risk and market volatility: International evidence

Mirza Muhammad Naseer, Yongsheng Guo and Xiaoxian Zhu

Managerial integrity and stock returns

Mo Yang, Jiawei Cao, Yifan Meng and Hao Gong

The resonance effect of economic policy uncertainty worldwide: A time–frequency analysis

Xiaojun Zhao, Xinru Geng, Yurui Huang, Yuhang Wu and Na Zhang

Volume 77, issue C, 2025

The temporal variability in the returns of socially responsible funds to structural oil shocks

Mobeen Ur Rehman, Neeraj Nautiyal, Rami Zeitun and Xuan Vinh Vo

Multivariate Affine GARCH in portfolio optimization. Analytical solutions and applications

Marcos Escobar-Anel, Yu-Jung Yang and Rudi Zagst

Asymmetry and determinants of financial connectivity in G20: Evidence from a quantile-based and lasso regression analysis

Guangyi Yang, Yong Li and Xiaoxing Liu

Evaluating the hedging potential of energy, metals, and agricultural commodities for U.S. stocks post-COVID-19

SeungOh Han

CEO turnover and financial policy transfer

Daniel Sungyeon Kim, Kwangwon Ahn, Hanwool Jang and Jaeyoon Lee

Project risk neutrality in the context of asymmetric information

Fabian Alex

Stock and corporate bond liquidity: When having the same issuer induces commonality

Elena Márquez-de-la-Cruz, Ana R. Martínez-Cañete and Belén Nieto

Portfolio tail risk forecasting for international financial assets: A GARCH-MIDAS-R-Vine copula model

Yinhong Yao, Xiuwen Chen and Zhensong Chen

Are ESG factors truly unique?

Svetoslav Covachev, Jocelyn Martel and Sofia Brito-Ramos

The time-varying relationship between climate uncertainty, low-carbon stocks and green bonds

Ziyao Xu, Deheng Zhou, Junfeng Ma and Jing Yuan

Corporate ESG disclosure and regulatory inquiry: Evidence from comment letters on annual reports

Xin Li, Yan Tong and Guoquan Xu

Monetary policy expectations and financial Markets: A Quantile-on-Quantile connectedness approach

Nader Naifar

Comparison of the interdependence relationship between crude oil futures and spot in China and international crude oil markets − evidence from time-frequency and quantile perspectives

Fengyuan Shi, Yiwen Deng and Yaoqi Guo

The Big Mac index: An exact multilateral clarification

Michael Kunkler

Oil price shocks, economic policy uncertainty and China’s producer price index: Evidence from quantile regression analysis

Yun Qin and Zitao Zhang

Green credit and systemic risk: From the perspectives of policy and scale

Chien-Chiang Lee, Qian Xiao and Xiaoming Zhang

Economic Nexus among the Belt and Road Initiative participating countries

Yiguo Chen, Peng Luo and Tsangyao Chang

Systemic risk among Chinese oil and petrochemical firms based on dynamic tail risk spillover networks

Tingqiang Chen, Xin Zheng and Lei Wang

Does Chinese mixed-ownership reform improve innovation quality in privately-owned enterprises? A dual-perspective evidence from managerial myopia and resource-based view

Xuehua Gu

Examining the transmission of credit and liquidity risks: A network analysis for EMU sovereign debt markets

Adrián Fernandez-Perez, Marta Gómez-Puig and Simon Sosvilla-Rivero

A RGARCH-CARR-SK model: A new high-frequency volatility forecasting and risk measurement model based on dynamic higher moments and generalized realized measures

Junjie Liu, Qingnan Zhou and Zhenlong Chen