International Journal of Finance & Economics

2011 - 2025

Continuation of International Journal of Finance & Economics.

Current editor(s): Mark P. Taylor, Keith Cuthbertson and Michael P. Dooley

From John Wiley & Sons, Ltd.
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Volume 30, issue 2, 2025

Efficiency and financial risk management practices of microfinance institutions pp. 1011-1031

Konstantinos N. Baltas and José M. Liñares‐Zegarra

Mediating effect of financial inclusion on FinTech innovations and economic development in West Africa: Evidence from the Benin Republic pp. 1032-1048

Guillaume Edou Tchidi and Wei Zhang

The impact of dividend payout policies on real estate market diversification pp. 1049-1073

Metin Ilbasmıs, Marc Gronwald and Yuan Zhao

Credit risk modelling within the euro area in the COVID‐19 period: Evidence from an ICAS framework pp. 1074-1105

Georgios Chortareas, Apostolos G. Katsafados, Theodore Pelagidis and Chara Prassa

Directors' and officers' liability insurance and minority shareholders' participation in corporate governance pp. 1106-1123

Ruigang Zhang, Runze Yang and Hanwen Huo

The tail connectedness among conventional, religious, and sustainable investments: An empirical evidence from neural network quantile regression approach pp. 1124-1142

Xin Jin, Bisharat Hussain Chang, Chaosheng Han and Mohammed Ahmar Uddin

Effects of QE on sovereign bond spreads through the safe asset channel pp. 1143-1162

Jan Willem van den End

Do women in the boardroom influence foreign acquisitions' premium and outcomes? Evidence from China pp. 1163-1189

Pei Chu, Mohamed Elsayed and Yousry Ahmed

Determinants of the degree of fiscal sustainability pp. 1190-1205

Antonio Afonso, José Alves and José Carlos Coelho

Partial index tracking enhanced mean–variance portfolio pp. 1206-1224

Zhaokun Cai, Zhenyu Cui and Majeed Simaan

Does environmental credit affect bank loans? Evidence from Chinese A‐share listed firms pp. 1225-1248

Shihao Yin, Zhongguo Lin, Panni Li and Binbin Peng

Japanese stock market sectoral dynamics: A time and frequency analysis pp. 1249-1274

Rim El Khoury, Muneer M. Alshater and Onur Polat

Does a co‐opted director affect a firm's financial distress risk? pp. 1275-1301

Aitzaz Ahsan Alias Sarang, Asad Ali Rind, Riadh Manita and Asif Saeed

What drives the return and volatility spillover between DeFis and cryptocurrencies? pp. 1302-1318

Ata Assaf, Ender Demir and Oguz Ersan

Impacts of cross‐border equity portfolio flow and central bank transparency on financial development: The role of economic freedom and international bonds pp. 1319-1347

Frank Kwabi, Chizindu Wonu, Ernest Ezeani, Andrews Owusu and Vitor Leone

Unveiling financial inclusion dynamics: Fintech's resonance in Association of Southeast Asian Nations (ASEAN) pp. 1348-1371

Dao Ha, Mai Nguyen, Kim Nguyen and Ahmet Şensoy

Defence spending and real growth in an asymmetric environment: Accessing evidence from a developing economy pp. 1372-1389

Adedeji Daniel Gbadebo, Festus Victor Bekun, Joseph Olorunfemi Akande and Ahmed Oluwatobi Adekunle

CEO cultural heritage and R&D expenditures pp. 1390-1410

Yu Sung Ha, Jangkoo Kang and Kyung Yoon Kwon

Environmental and social governance performance and enterprise total factor productivity pp. 1411-1428

Zhonghua Cheng and Lele Han

Does the firm's life cycle matter in the relationship between short‐term debt and investment efficiency? pp. 1429-1449

Ala'a Adden Awni Abuhommous

Bank leverage and systemic risk: Impact of bank risk‐taking and inter‐bank business pp. 1450-1474

Xiaoming Zhang, Wenzhe Zhang and Chien‐Chiang Lee

Political power differential and forced CEO turnover: Evidence from Chinese non‐state‐owned enterprises pp. 1475-1499

Xingyi Zhang, Qingfeng Wang and Weimin Liu

Acquisition deal characteristics and earnings management: New evidence from Gulf Cooperation Council countries pp. 1500-1521

Mahmoud Alghemary, Basil Al‐Najjar and Nereida Polovina

Optimal decisions of retailer's loans from bank pp. 1522-1539

Bo Yan, Mengru Liang and Lifeng Liu

Do ESG funds engage in portfolio pumping to gain higher flows? An application of Benford's Law pp. 1540-1563

Aineas Mallios and Taylan Mavruk

Margin buying activity and stock market trading in China: Is there a connection? pp. 1564-1582

Hui Hong, Shitong Wu and Cheng Zhang

Do creditors care about greening in corporations? Do contingencies matter? pp. 1583-1609

Abdullah S. Karaman, Ali Meftah Gerged and Ali Uyar

Trade and flow of value in global value chains pp. 1610-1631

Peijie Wang and Zhiyuan Liu

Climate risks and the REITs market pp. 1632-1648

Afees A. Salisu, Ahamuefula E. Ogbonna and Xuan Vinh Vo

Market power, optimal scale and competition promotion in banking: Analysis in the GCC region pp. 1649-1670

Sara Alfaihani, Oleg Badunenko and Shabbar Jaffry

Are financial sanctions truly “smart”? Evidence from the perspective of cross‐border capital flows pp. 1671-1688

Yang Liu, Wei Lang and Aihua Wang

How underinvestment reduces underpricing pp. 1689-1706

Marco Bade and Hans Hirth

Inequality and poverty in Spain: Insights from a regional convergence analysis pp. 1707-1723

Nicholas Apergis, Francisco J. Delgado and Claudia Suárez‐Arbesú

Financial stability and sustainable development: Perspectives from fiscal and monetary policy pp. 1724-1741

Le Quoc Dinh, Tran Thi Kim Oanh and Nguyen Thi Hong Ha

On modelling non‐performing loans in bank efficiency analysis pp. 1742-1757

Giannis Karagiannis and Stavros Kourtzidis

Does e‐commerce infrastructure increase enterprise productivity? Evidence from China's e‐commerce demonstration city pp. 1758-1784

Xiong Zhou and Pengcheng Jiang

Why do firms extend trade credit? The role of inventories pp. 1785-1802

Filipa Da Silva Fernandes, Alessandra Guariglia, Alexandros Kontonikas and Serafeim Tsoukas

Bilateral investment treaties and sovereign default risk: Evidence for emerging markets pp. 1803-1830

Stefan Eichler and Jannik André Nauerth

Does financial stability communication affect financial asset prices? Evidence from the Bank of England's communication experiment pp. 1831-1855

Hamdi Jbir

Green intent or black smoke: Exploring investor sentiment on sustainable development pp. 1856-1872

Chi Wei Su, Xin Yue Song, Meng Qin and Oana‐Ramona Lobonţ

Factors affecting firm‐level job cuts during the COVID‐19 pandemic: A cross‐country evidence pp. 1873-1892

Bibhuti Sarker

The impact of inflation on inequality in the CEMAC and UEMOA zones of Sub‐Saharan Africa pp. 1893-1914

Mihai Mutascu, Albert Lessoua and Nicolae Bogdan Ianc

Commodity price volatility, institutions and economic growth: An empirical investigation pp. 1915-1938

Fréjus‐Ferry Houndoga and Gabriel Picone

Can digital M&A reduce the stock price crash risk? pp. 1939-1968

Jingyi Guan and Yunhui Wen

Economic policy uncertainty and credit risk in microfinance: A cross‐country analysis pp. 1969-1985

Mufang Xie

Embedded theoretical quality option pricing in Treasury bond futures—Starting from the definition deviation of conversion factor pp. 1986-2000

Xiaofeng Yang and Ling Zhao

Sustainable investing in emerging markets: Evidence from the Sustainable Stock Exchanges initiative pp. 2001-2015

Yuwen Dai

How do the reserve currency and uncertainties in major markets affect the uncertainty of oil prices over time? pp. 2016-2041

Baris Kocaarslan and Ugur Soytas

The S&P 500 sectoral indices responses to economic news sentiment pp. 2042-2060

Mohamed Arbi Madani

Market supervisor monetary penalties for non‐compliance with informational requirements: Do investors care? pp. 2061-2079

Bartosz Kurek and Ireneusz Górowski

Volume 30, issue 1, 2025

Do institutional quality and its threshold matter in the sensitivity of the renewable energy transition to financial development? New empirical perspectives pp. 5-43

Clement Olaniyi, Mamdouh Abdulaziz Saleh Al‐Faryan and Eyitayo Oyewunmi Ogbaro

Behavioural explanations of Expectile VaR forecasting and dynamic hedging strategies for downside risk during the COVID‐19 pandemic: Insights from financial markets pp. 44-70

Yousra Trichilli, Sahbi Gaadane, Mouna Boujelbène Abbes and Afif Masmoudi

Mandatory CSR disclosure, institutional ownership and firm value: Evidence from China pp. 71-85

Syed Zulfiqar Ali Shah, Saeed Akbar and Xiaoyun Zhu

Does democracy matter in banking performance? Exploring the linkage between democracy, economic freedom and banking performance in the European Union member states pp. 86-116

Adela Socol and Iulia Iuga

Banks, financial markets, and income inequality pp. 117-133

Yousef Makhlouf, Neil M. Kellard and Dmitri V. Vinogradov

Language and private debt renegotiation pp. 134-171

Christophe Godlewski

The influence of non‐financial enterprises' financialization on total factor productivity of enterprises: Promotion or inhibition? pp. 172-189

Yanwei Lyu, Jinning Zhang, Xinnian Qing and Yangyang Bai

Unconventional monetary policy in the Euro area: Impacts on loans, employment, and investment pp. 190-220

Antonio Afonso and Francisco Pereira

FinTech innovation, stability and efficiency: Evidence from Malaysian bank industry pp. 221-241

Rubi Ahmad, Changqian Xie, Panpan Wang, Biao Liu, Fauzi Zainir and Magda Ismail Abdel Mohsin

The impact of conventional and unconventional monetary policies on loan default risk—Evidence from UK peer‐to‐peer lending platforms pp. 242-260

Anh Nguyet Vu

An empirical investigation of the relationship between brand value and firm value: Evidence from Turkey pp. 261-281

Serhat Konuk, Ömer Doruk and Yıldırım Beyazıt Önal

Is illiquidity priced in an international factor pricing model? A dynamic panel data application with robust IV pp. 282-314

François‐Eric Racicot, William F. Rentz and Raymond Théoret

How do intangible assets and financial constraints affect stock returns in Vietnam before and during the COVID‐19 pandemic? pp. 315-329

Khoa Dang Duong, Tran Ngoc Huynh and Linh Thi Diem Truong

How do credit ratings affect corporate investment efficiency? pp. 330-351

Di Xiao and Xinyu Yu

U.S. economic uncertainty shocks and extreme capital flows episodes: An empirical analysis of emerging and developing economies pp. 352-368

Xinqian Du and Tian Pu

Time‐varying causality between investor sentiment and oil price: Does uncertainty matter? pp. 369-381

Mohamed Sahbi Nakhli, Khaled Mokni and Manel Youssef

Does brand capital improve stock liquidity? Evidence from China pp. 382-404

Muhammad Ansar Majeed, Irfan Ullah, Samia Tariq and Tanveer Ahsan

Green finance, environmental quality and technological innovation in China pp. 405-425

Yan Su and Chien‐Chiang Lee

Your gender identity is who you are: Female chief executive officers and corporate debt structure pp. 426-454

Yuxuan Huang, Qi Zhu, Cheng Yan and Yeqin Zeng

Cross‐border buyout exit success pp. 455-476

Siyang Tian

Does institutional quality matter for renewable energy promotion in OECD economies? pp. 477-492

Shuddhasattwa Rafiq, Sudharshan Reddy Paramati, Md. Samsul Alam, Khalid Hafeez and Muhammad Shafiullah

Risk spillover measurement of carbon trading market considering susceptible factors: A network perspective pp. 493-521

Qingli Dong, Lanlan Lian and Qichuan Jiang

Digitalization and firms' systematic risk in China pp. 522-551

Kangqi Jiang, Mengling Zhou and Zhongfei Chen

Exchange rate misalignment and financial development in Africa pp. 552-569

Tii Nchofoung, Nathanael Ojong and Ladifatou Ndi Gbambie Gachili

Frequent batch auction versus continuous time auction under order cancellation and maker‐taker fee pp. 570-589

Hengshun Ge and Haijun Yang

Analysing the impacts of unscheduled news events on stock market contagion during the epidemic pp. 590-601

Yi Zhang, Long Zhou, Baoxiu Wu and Fang Liu

Do political connections matter for bank efficiency in times of crisis? pp. 602-625

Omneya Abdelsalam, Sabur Mollah, Emili Tortosa‐Ausina and Ahmed A. El‐Masry

Banking uncertainty and corporate financial constraints pp. 626-651

Japan Huynh

The ECB press conference statement: deriving a new sentiment indicator for the euro area pp. 652-664

Dimitrios Kanelis and Pierre L. Siklos

Does a reduction in the pension insurance contribution ratio promote firm productivity? Evidence from a quasinatural experiment in China pp. 665-688

Xiaohan Liu, Jianmin Liu, Jia Liu, Jinguang Wu and Yu Hao

The implications of non‐synchronous trading in G‐7 financial markets pp. 689-709

Dimitrios Dimitriou, Dimitris Kenourgios, Theodore Simos and Alexandros Tsioutsios

War‐associated geopolitical risks and uncertainty: Implications for real wages pp. 710-728

Muhammad Ali Nasir and David Spencer

The COVID‐19 pandemic and European trade patterns: A sectoral analysis pp. 729-749

Guglielmo Maria Caporale, Anamaria Diana Sova and Robert Sova

How culture and legal environment affect classification shifting? Global evidence pp. 750-780

Eric O. Boahen and Emmanuel Mamatzakis

Rental market structure and housing dynamics: An interacted panel VAR investigation pp. 781-802

Michał Rubaszek, David Stenvall and Gazi Salah Uddin

On stakeholder theory and corporate investment under financial frictions pp. 803-810

Dariya Mykhayliv and Klaus G. Zauner

The nexus between bank efficiency and leverage pp. 811-839

Konstantinos N. Baltas

Governance, debt service, information technology and access to electricity in Africa pp. 840-854

Simplice Asongu and Sara le Roux

The effect of IFRS adoption on bank internationalisation pp. 855-878

Vincent Tawiah and Babajide Oyewo

Fundamental analysis of Initial Coin Offerings pp. 879-892

Yunxia Bai and Bofu Zhang

The asymmetric role of temperature deviations in economic growth: Fresh evidence from global countries and panel quantile estimates pp. 893-903

Nicholas Apergis and Mobeen Ur Rehman

Too costly to make a difference: An examination on the relationship between online financing and economic growth pp. 904-924

Jiapin Deng, Yanchu Liu and Wenyue Xiao

Financialisation of the European Union Emissions Trading System and its influencing factors in quantiles pp. 925-940

Ping Wei, Jingzi Zhou, Xiaohang Ren and Luu Duc Toan Huynh

The impact of the regulatory business environment on SMEs' funding choices in developing countries: Evidence from Africa pp. 941-960

Andrew E. Hansen‐Addy, Mario Davide Parrilli and Ishmael Tingbani

Looking in the rear‐view mirror: Evidence from artificial intelligence investment, labour market conditions and firm growth pp. 961-982

Ishmael Tingbani, Samuel Salia, Christopher Hartwell and Alhassan Yahaya

Can Modern Monetary Theory fit the post‐Crisis US facts? Evidence from a full DSGE model pp. 983-1006

Chunping Liu, A. Patrick Minford and Zhirong Ou