International Journal of Finance & Economics

2011 - 2023

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 28, issue 2, 2023

Does the quality of country‐level governance have an impact on corporate environmental disclosure? Evidence from Gulf Cooperation Council countries pp. 1179-1200

Ali Meftah Gerged, Eshani S. Beddewela and Christopher J. Cowton

Jump volatility spillover network based measurement of systemic importance of Chinese financial institutions pp. 1201-1213

Xin Yang, Shan Chen, Hong Liu, Xiaoguang Yang and Chuangxia Huang

Financial innovation characteristics and banking performance: The mediating effect of risk management pp. 1214-1227

Rim Zouari‐Hadiji

A bargaining model for PLS entrepreneurial financing: A game theoretic model using agent‐based simulation pp. 1228-1241

Adil El Fakir, Richard Fairchild, Mohamed Tkiouat and Abderrahim Taamouti

Investigating the fluctuations of exchange rate based on monetary‐behaviour approach pp. 1242-1249

Saeid Tajdini, Mohsen Mehrara and Ali Taiebnia

Nexus between non‐performing loans and economic growth in emerging countries: Evidence from Turkey with wavelet coherence approach pp. 1250-1260

Mustafa Kartal, Dervis Kirikkaleli and Fatih Ayhan

Analysis of default risk in microfinance institutions under the Basel III framework pp. 1261-1278

Maria Patricia Durango‐Gutiérrez, Juan Lara‐Rubio and Andrés Navarro‐Galera

Dynamic causality between PPI and CPI in China: A rolling window bootstrap approach pp. 1279-1289

Jing Sun, Jinhui Xu, Xin Cheng, Jichao Miao and Hairong Mu

Excessive focus on risk? Non‐performing loans and efficiency of microfinance institutions pp. 1290-1307

Stephen Zamore, Leif Atle Beisland and Roy Mersland

Long‐run co‐variability between oil prices and economic policy uncertainty pp. 1308-1326

Muhammad Shahbaz, Arshian Sharif, Fateh Belaid and Xuan Vinh Vo

The ex‐post impact of agricultural technology adoption on poverty: Evidence from north Shewa zone of Amhara region, Ethiopia pp. 1327-1337

Mesele Belay and Markew Mengiste

Can economic links explain lead–lag relations across firms? pp. 1338-1363

Kailin Zeng and Ebenezer Fiifi Emire Atta Mills

The impact of corruption on commercial banks' credit risk: Evidence from a panel quantile regression pp. 1364-1375

Hatice Jenkins, Ezuldeen Alshareef and Amer Mohamad

Investigating the efficiency of foreign exchange reserves using stochastic frontier analysis: Evidence across the globe pp. 1376-1390

Rachna Agrawal and Ashima Verma

Corporate social responsibility and supply chain: A study for evaluating corporate hypocrisy with special focus on stakeholders pp. 1391-1403

Mohit Tiwari, Tripti Tiwari, Samuel Sam Santhose, Lokanath Mishra, Rejeesh Mr and Vinu Sundararaj

Covid‐19 outbreak and stocks return on the West African Economic and Monetary Union's stock market: An empirical analysis of the relationship through the event study approach pp. 1404-1422

Tibi Didier Zoungrana, Daouda Lawa tan Toé and Mamadou Toé

The determinants of bank profitability of GCC: The role of bank liquidity as moderating variable—Further analysis pp. 1423-1435

Ebrahim Mohammed Al‐Matari

Evaluation of risk adjusted performance of mutual funds in an emerging market pp. 1436-1449

Muhammad Asad Ali, Muhammad Aqil, Syed Hasnain Alam Kazmi and Syed Imran Zaman

Magnet effects of circuit breakers in electronic order‐driven markets: Evidence from China pp. 1450-1469

Cheng Xiang and Jing Lu

Effects of inflation uncertainty and exchange rate volatility on money demand in Pakistan: Bayesian econometric analysis pp. 1470-1487

Muhammad Akbar

Persistence and dependence in geopolitical risks in various developed and developing countries pp. 1488-1496

Sakiru Adebola Solarin, Luis A. Gil‐Alana and Maria Jesus Gonzalez‐Blanch

Analyzing airlines stock price volatility during COVID‐19 pandemic through internet search data pp. 1497-1513

Soudeep Deb

Impacts of financial openness on economic complexity: Cross‐country evidence pp. 1514-1526

Yuyuan Yu and Muhammad Qayyum

Study of linkages between productivity, export, and outward foreign direct investment: An empirical perspective of Indian manufacturing industries pp. 1527-1548

Prajukta Tripathy, Pragyanrani Behera and Bikash Ranjan Mishra

Financial crises, firm‐level shocks and large downturns: Evidence from Greece pp. 1549-1562

Stelios Giannoulakis and Plutarchos Sakellaris

Emerging and advanced economies markets behaviour during the COVID‐19 crisis era pp. 1563-1581

Belaid Fateh, Amine Ben Amar, Stéphane Goutte and Khaled Guesmi

Do Dow Jones Islamic equity indices undergo speculative pressure? New insights from a nonlinear and asymmetric analysis pp. 1582-1601

Arfaoui Mongi and Bechir Raggad

The environmental consequences of blockchain technology: A Bayesian quantile cointegration analysis for Bitcoin pp. 1602-1621

Michael Polemis and Mike G. Tsionas

Financial determinants of corporate credit ratings: An Indian evidence pp. 1622-1637

Rahul Gupta

The effects of the internal control system on the risk, profitability, and compliance of the U.S. banking sector: A quantitative approach pp. 1638-1652

Andreas G. Koutoupis and Theodore Malisiovas

Volatility dynamics of the Tunisian stock market before and during the COVID‐19 outbreak: Evidence from the GARCH family models pp. 1653-1666

Mohamed Fakhfekh, Ahmed Jeribi and Marwa Ben Salem

The dynamics of business cycle connectedness and the decoupling of Asia‐Pacific pp. 1667-1692

Victor Pontines, Davaajargal Luvsannyam, Khuslen Batmunkh and Tsolmon Otgonbat

Innovation and financial performance: An assessment of patenting strategies of Chinese listed firms pp. 1693-1712

Hong Li

Stock returns and interest rate differential in high and low interest rate environments pp. 1713-1728

Afees Salisu and Abdulsalam Abidemi Sikiru

Trade openness, financial development and economic growth in North African countries pp. 1729-1740

Imen Mohamed Sghaier

Dynamic asset allocation with multiple regime‐switching markets pp. 1741-1755

Jianmin Shi

Economic globalization and public debt in Sub‐Saharan Africa pp. 1756-1771

Hodabalo Bataka

Stabilizing instability‐suboptimality‐and‐chaos‐prone fluctuations at crisis junctures: Stochastic possibilities for crisis management pp. 1772-1786

Ahmet Kara

The impact of COVID‐19 pandemic on hospitality stock returns in China pp. 1787-1800

Chi‐Chuan Lee, Chien‐Chiang Lee and Yizhong Wu

The economic impact of legislative complexity and corruption: A cross‐country analysis pp. 1801-1825

Giuseppe Di Vita

Does market power explain margins in dual banking? Evidence from panel quantile regression pp. 1826-1844

Mudeer A. Khattak, Buerhan Saiti and Shabeer Khan

The role of oil and risk shocks in the high‐frequency movements of the term structure of interest rates: Evidence from the U.S. Treasury market pp. 1845-1857

Rangan Gupta, Syed Jawad Hussain Shahzad, Xin Sheng and Sowmya Subramaniam

Impact of intellectual capital efficiency on financial stability in banks: Insights from an emerging economy pp. 1858-1871

Atta Ullah, Chen Pinglu, Saif Ullah, Ningyu Qian and Mubasher Zaman

Hedging against risks associated with travel and tourism stocks during COVID‐19 pandemic: The role of gold pp. 1872-1882

Abdulsalam Abidemi Sikiru and Afees Salisu

Role of capital investment, investment risks, and globalization in economic growth pp. 1883-1898

Chunxia Sun, Hafiz Syed Mohsin Abbas, Xiaodong Xu, Samreen Gillani, Saif Ullah and Muhammad Ahsan Ali Raza

Institutional quality and social cost of intermediation in Africa: Does the level of financial market development matter? pp. 1899-1910

Nana Kwasi Karikari, Kwadwo Kwakye Gyan, Muhammad Ahad Hayat Khan and Baah Aye Kusi

Forecasting stock prices using a data mining method: Evidence from emerging market pp. 1911-1917

Saqib Farid, Rubeena Tashfeen, Tahseen Mohsan and Arsal Burhan

Dynamic spillover analysis of international and Turkish food prices pp. 1918-1928

Hasan Ertugrul and Ünal Seven

Gravity assessment of the impact of alliances on bilateral trade: A comparative analysis of ECOMOG and NATO pp. 1929-1938

Nnanna P. Azu, Ebenezer Fiifi Emire Atta Mills and Benedict N. Akanegbu

Is causality between globalization and energy consumption bidirectional or unidirectional in top and bottom globalized economies? pp. 1939-1964

Muhammad Shahbaz, Mehmet Balcilar, Mantu Kumar Mahalik and Seyi Akadiri

Controlling shareholders' influence on acquisition decisions and value creation: An empirical study from China pp. 1965-1980

Evans Opoku‐Mensah and Yuming Yin

Receptivity of capital structure with financial flexibility: A study on manufacturing firms pp. 1981-1993

Ajaya Kumar Panda, Swagatika Nanda, Apoorva Arunachal Hegde and Akhilesh Kumar Kamalakant Yadav

Co‐movement of foreign exchange rate returns and stock market returns in an emerging market: Evidence from the wavelet coherence approach pp. 1994-2005

Xingxing He, Korhan K. Gokmenoglu, Dervis Kirikkaleli and Syed Kumail Abbas Rizvi

Do foreign lenders' national cultures affect loan pricing? pp. 2006-2036

Kostas Pappas and Alice Liang Xu

The euro to dollar exchange rate in the Covid‐19 era: Evidence from spectral causality and Markov‐switching estimation pp. 2037-2055

Konstantinos Konstantakis, Ioannis G. Melissaropoulos, Theodoros Daglis and Panayotis Michaelides

Do extreme shocks help forecast oil price volatility? The augmented GARCH‐MIDAS approach pp. 2056-2073

Lu Wang, Feng Ma, Guoshan Liu and Qiaoqi Lang

Determinants and hedging effectiveness of China's sovereign credit default swaps pp. 2074-2087

Taurai Muvunza and Yong Jiang

Credit supply, house prices, and financial stability pp. 2088-2108

Feng Min, Fenghua Wen, Jiayu Xu and Nan Wu

Fintech and the economic capital of Chinese commercial bank's risk: Based on theory and evidence pp. 2109-2123

Ting Yao and Liangrong Song

The impact of external governance and regulatory settings on the profitability of Islamic banks: Evidence from Arab markets pp. 2124-2147

Seyed Alireza Athari and Mahboubeh Bahreini

The impact of foreign direct investment on the economic development of emerging countries of the European Union pp. 2148-2177

Adriana Burlea‐Schiopoiu, Simina Brostescu and Liviu Popescu

Do forward premium rates predict the spot rates? Comparison of developed and emerging economies pp. 2178-2187

Wajid Shakeel Ahmed, Shoaib Khattak and Ijlal Ahmed

Time‐frequency dynamics between fear connectedness of stocks and alternative assets pp. 2188-2201

Muhammad Abubakr Naeem, Mudassar Hasan, Abraham Agyemang, Md Iftekhar Hasan Chowdhury and Faruk Balli

Optimal fiscal management in an economy with resource revenue‐financed government‐linked companies pp. 2202-2225

King Yoong Lim and Shuonan Zhang

Volume 28, issue 1, 2023

Celebrating the 27th anniversary of International Journal of Finance and Economics and shaping the future pp. 5-8

Keith Pilbeam, Joscha Beckmann, Ioannis Kyriakou and Jia Liu

International journal of finance and economics: A bibliometric overview pp. 9-46

H. Kent Baker, Satish Kumar, Kirti Goyal and Prashant Gupta

Causal relationship among international crude oil, gold, exchange rate, and stock market: Fresh evidence from NARDL testing approach pp. 47-57

Suresh Kumar, Ankit Kumar and Gurcharan Singh

Is the cost of equity a mere function of leverage? The case of bond IPOs pp. 58-78

Jamal A. Al‐Khasawneh, Paul Dion, Naceur Essaddam and Tashfeen Hussain

Assessment of the effectiveness of foreign aid on the development of Africa pp. 79-92

Jiang Hongli and Prince Asare Vitenu‐Sackey

The effect of integration processes of the Common Market for Eastern and Southern Africa on the economic growth of the member states pp. 93-111

Liu Haiyun, Yassin Elshain Yahia, Md Ismail Hossain and Sayyed Sadaqat Hussain Shah

Emerging market debt and the COVID‐19 pandemic: A time–frequency analysis of spreads and total returns dynamics pp. 112-126

Mariya Gubareva and Zaghum Umar

How do bidirectional migration and multinational business networks affect Japanese international royalty and license revenues? pp. 127-143

Akinori Tomohara

A span of continuous trades and liquidity dynamics in foreign exchange markets pp. 144-168

Chih‐Chung Chien, Shikuan Chen and Ming‐Jen Chang

More pay more gain?—Empirical research on fund management corporation visiting listed company and its fund performance pp. 169-176

Sishi Yue, Dayong Dong, Fengyun Wu and Zuoping Xiao

Investigating the role of ranking household expenditures to reform the subsidies payment system as an economic policy for Iran pp. 177-186

Hamidreza Izadi, Mojtaba Mohammadnejadi Moodi and Morteza Sayareh

Testing to extreme: An application of reverse stress testing engineering on mortgages of commercial banks in China pp. 187-192

Chang Liu, Lin Tang, Dongtao Lin and Jiayi Guo

The profitability of pair trading strategy in stock markets: Evidence from Toronto stock exchange pp. 193-207

GholamReza Keshavarz Haddad and Hassan Talebi

The impact of exchange rate and exchange rate volatility on Mauritius foreign direct investment: A sector‐wise analysis pp. 208-224

Warren Moraghen, Boopen Seetanah and Noor Ul Haq Sookia

A new market risk management approach for commercial banks' fixed‐income securities trading accounts pp. 225-235

Chang Liu, Dongtao Lin, Yifeng Wang and Shuai Qi

Multinational working capital management a study on Toyota Motor Corporation pp. 236-256

Suranjan Bhattacheryay

Banks' holdings of and trading in government bonds pp. 257-283

Michele Manna and Stefano Nobili

The role of corporate governance in attracting foreign investment: An empirical investigation of Saudi‐listed firms in light of vision 2030 pp. 284-294

Hend Alregab

Stock exchange volatility forecasting under market stress with MIDAS regression pp. 295-306

Murat Körs and Mehmet Baha Karan

Uncovered equity returns parity in non‐euro Central European EU member countries pp. 307-315

Lucjan Orlowski, Carolyne Soper and Monika Sywak

The mitigating effect of governance quality on the finance‐renewable energy‐growth nexus: Some international evidence pp. 316-354

Diby Francois Kassi, Yao Li and Zhankui Dong

International trade and economic growth: The role of institutional factors and ethnic diversity in sub‐Saharan Africa pp. 355-371

Romaric Gninlgonakan Coulibaly

A credit scoring model for SMEs using AHP and TOPSIS pp. 372-391

Pranith K. Roy and Krishnendu Shaw

Simulation of interactive contagion between depositors' panic and banking risk pp. 392-404

Shuwen Gong and Huiwen Zou

Household choices on investing in financial risky assets: Do national institutional factors have their own merit? pp. 405-420

Nicholas Apergis and Christos Bouras

Can we learn lessons from the past? COVID‐19 crisis and corporate governance responses pp. 421-429

Khalil Jebran and Shihua Chen

Whether rising tide has lifted all the boats? Effect of inter‐governmental transfers on household income inequality in Pakistan pp. 430-447

Qurat ul Ain, Yan Jie, Larisa Ivașcu, Syed Ghulam Meran Shah and Tahir Yousaf

The relationship between excessive lending, risk premium and risk‐taking: Evidence from European banks pp. 448-471

Thaer Alhalabi, Vitor Castro and Justine Wood

Liquidity risk and expected cryptocurrency returns pp. 472-492

Wei Zhang and Yi Li

Inflation, inflation volatility and terrorism in Africa pp. 493-509

Kazeem Bello Ajide and Olorunfemi Yasiru Alimi

Does corporate tax planning mitigate financial constraints? Evidence from China pp. 510-527

Jie Sun, Lewis Makosa, Jinkun Yang, Fangyuan Yin and Lovemore Sitsha

The impact of COVID‐19 on unemployment rate: An intelligent based unemployment rate prediction in selected countries of Europe pp. 528-543

Muneeb Ahmad, Yousaf Ali Khan, Chonghui Jiang, Syed Jawad Haider Kazmi and Syed Zaheer Abbas

Day‐of‐the‐week effect and market liquidity: A comparative study from emerging stock markets of Asia† pp. 544-561

Badal Khan, Muhammad Aqil, Syed Hasnain Alam Kazmi and Syed Imran Zaman

Reconciling the irreconcilable (talfeeq): The case of currency salam pp. 562-574

Muhammad Zahid Siddique and Muhammad Abubakar Siddique

FDI inflows spillover effect implications on the Asian‐Pacific labour productivity pp. 575-588

Elsadig Ahmed and Rahim Kialashaki

Understand funding liquidity and market liquidity in a regime‐switching model pp. 589-605

Louisa Chen, Liya Shen and Zhiping Zhou

Order book price impact in the Chinese soybean futures market pp. 606-625

Muzhao Jin, Fearghal Kearney, Youwei Li and Yung Chiang Yang

Foreign direct investment, real sector growth and financial development pp. 626-643

Michael Effah Asamoah and Imhotep Paul Alagidede

Endogenous discounting, investment and asset pricing pp. 644-650

Yingjie Niu, Siqi Zhao and Zhentao Zou

The crypto‐trade volume, GDP, energy use, and environmental degradation sustainability: An analysis of the top 20 crypto‐trader countries pp. 651-667

Muhammad Mohsin, Sobia Naseem, Muhammad Zia‐ur‐Rehman, Sajjad Ahmad Baig and Shazia Salamat

Investor sentiment and volatility of exchange‐traded funds: Evidence from China pp. 668-680

Chunpeng Yang and Jun Chi

Stochastic dominance algorithms with application to mutual fund performance evaluation pp. 681-698

Sree Vinutha Venkataraman and S. V. D. Nageswara Rao

Financial savings structure—Eurozone and Visegrad Group pp. 699-717

Agnieszka Zawadzka and Małgorzata Grzywińska‐Rąpca

Should stock returns predictability be ‘hooked on’ long‐horizon regressions? pp. 718-732

Theologos Dergiades and Panos K. Pouliasis

The stability and downside risk to contrarian profits: Evidence from the S&P 500 pp. 733-750

William Forbes, Egor Kiselev and Len Skerratt

Debt financing and technology investment Kuznets curve: Evidence from China pp. 751-765

Umeair Shahzad, Fukai Luo and Jing Liu

On the nexus of innovation, trade openness, financial development and economic growth in European countries: New perspective from a GMM panel VAR approach pp. 766-791

Kais Mtar and Walid Belazreg

Bank distress in the European Union 2008–2015: A closer look at capital, size and revenue diversification pp. 792-820

Stelios Markoulis, Panagiotis Ioannou and Spiros Martzoukos

What matters for financial inclusions? Evidence from emerging economy pp. 821-838

Anum Khan, Muhammad Shujaat Mubarik and Navaz Naghavi

The effect of Confucian culture on household risky asset holdings: Using categorical principal component analysis pp. 839-857

Yongbo Ge, Xiaoran Kong, Geilegeilao Dadilabang and Kung‐Cheng Ho

Equilibrating ripple effect, disturbing information cascade effect and regional disparity – A perspective from China's tiered housing markets pp. 858-875

Qin Xiao

Factors influencing the ability to honour debt repayment obligations by Governments in Africa pp. 876-885

Anselm K. Abotsi

Bank lending margins in a negative interest rate environment pp. 886-901

Whelsy Boungou and Charles Mawusi

The impact of IFRS complexity on analyst forecast properties: The moderating role of high quality audit pp. 902-928

Muhammad Shahin Miah, Haiyan Jiang, Asheq Rahman and Warwick Stent

The role of shareholders and creditors' rights in affecting cash holdings and firm value: A recent evidence from ASEAN pp. 929-961

Tahir Akhtar, Mohammad Ali Tareq and Kashif Rashid

Has the current account broken up with its fundamentals in Central and Eastern Europe? pp. 962-980

Simeon Coleman and Juan Cuestas

Bayesian non‐linear quantile effects on modelling realized kernels pp. 981-995

Manh Cuong Dong, Cathy W. S. Chen and Manabu Asai

A survey on the amount of unnecessary brain and spine magnetic resonance imaging and reasons to affect it in Tehran, Iran pp. 996-1005

Sara Akhavan Rezayat, Sara Emam Gholi Pour, Afsaneh AliKhassi, Zohreh Habibi and Batoul Ahmadi

Asymmetric effect of macroeconomic variables on the emerging stock indices: A quantile ARDL approach pp. 1006-1024

Shabir Mohsin Hashmi and Bisharat Chang

Impact of bank regulation on risk of Islamic and conventional banks pp. 1025-1062

Hafiz Hoque and Heng Liu

Sentiment indices and stock returns: Evidence from China pp. 1063-1080

Yongan Xu, Jianqiong Wang, Zhonglu Chen and Chao Liang

Functional income distribution in Pakistan: Co‐integration and vector error correction model analysis pp. 1081-1091

Abdul Aziz, Javed Ahmed Memon and Aleem Ahmed Qader

Board diversity and corporate innovation: Evidence from Chinese listed firms pp. 1092-1115

Yan‐xi Li and Chao He

Economic and demographic determinants of premium reserve in Western Balkan countries during and after the crisis pp. 1116-1136

Milijana Novovic Buric, Ljiljana Kascelan and Vladimir Kascelan

Another look at contagion across United States and European financial markets: Evidence from the credit default swaps markets pp. 1137-1155

Mike G. Tsionas and Nicholas Apergis

The effect of International Monetary Fund programs on corporate default risk pp. 1156-1174

Thanh Truc Nguyen