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 25, issue 4, 2020

Do fiscal rules reduce government borrowing costs in developing countries? pp. 499-510

John Thornton and Chrysovalantis Vasilakis

An Alternative Version of Purchasing Power Parity pp. 511-517

Dinçer Afat and Michael Frömmel

Global financial crisis and multiscale systematic risk: Evidence from selected European stock markets pp. 518-546

Antonios K. Alexandridis and Mohammad S. Hasan

Supply‐side factors, CEO overconfidence, and zero‐leverage policy pp. 547-564

Tahera Ebrahimi, Jairaj Gupta and Aydin Ozkan

Identifying a robust policy rule for the Fed's response to financial stress pp. 565-578

Saad Ahmad

Trade‐size clustering and informed trading in global markets pp. 579-597

Tao Chen

Financial distress, free cash flow, and interfirm payment network: Evidence from an agent‐based model pp. 598-616

Rémi Stellian and Jenny P. Danna‐Buitrago

New synchronicity indices between real and financial cycles: Is there any link to structural characteristics and recessions in European Union countries? pp. 617-641

Mariarosaria Comunale

Is systemic risk systematic? Evidence from the U.S. stock markets pp. 642-663

Seo Joon Choi, Kanghyun Kim and Sunyoung Park

Monetary policy spillovers in emerging economies pp. 664-683

Nahiyan Faisal Azad and Apostolos Serletis

Volume 25, issue 3, 2020

Do stock price bubbles correlate between China and Pakistan? An inquiry of pre‐ and post‐Chinese investment in Pakistani capital market under China‐Pakistan Economic Corridor regime pp. 323-335

Ayesha Liaqat, Mian Sajid Nazir, Iftikhar Ahmad, Hammad Hassan Mirza and Farooq Anwar

Liner and nonliner sectoral response of stock markets to oil price movements: The case of Saudi Arabia pp. 336-348

Reem Khamis Hamdan and Allam Mohammed Hamdan

What drives the adoption of mobile payment? A Malaysian perspective pp. 349-364

Krishna Moorthy, Loh Chun T'ing, Kwong Chea Yee, Ang Wen Huey, Lee Joe In, Poon Chyi Feng and Tan Jia Yi

Threshold effects in the relationship between financial development and income inequality pp. 365-387

Mohamed Chakroun

Capital structure adjustment and market reaction following seasoned equity offerings pp. 388-411

Faiza Asad, Saqib Gulzar, Kenbata Bangassa and Majid Jamal Khan

Equity premium prediction and structural breaks pp. 412-429

Simon C. Smith

Foreign exchange risk in stock returns pp. 430-443

Jairo Andrés Rendón

All that glitters is not gold: CEOs' celebrity beyond media content pp. 444-460

Marco Caiffa, Vincenzo Farina and Lucrezia Fattobene

Forecasting inflation gap persistence: Do financial sector professionals differ from nonfinancial sector ones? pp. 461-474

Huw Dixon, Joshy Easaw and Saeed Heravi

Risk contagion in the cross‐border banking network: Some new evidence pp. 475-495

Bing Chen, Li Li, Fei Peng and Ruhul Salim

Volume 25, issue 2, 2020

Debt and growth: Decomposing the cause and effect relationship pp. 141-156

Vighneswara Swamy

China's new normal and the implications to domestic and global business pp. 157-171

Abdul‐Rashid Abdul‐Rahaman and Yao Hongxing

Explaining repo specialness pp. 172-196

Alfonso Dufour, Miriam Marra, Ivan Sangiorgi and Frank S. Skinner

Macroeconomic news, public communications, and foreign exchange jumps around U.S. and European financial crises pp. 197-227

Mohamed A. Ayadi, Walid Ben Omrane, Jiahui Wang and Robert Welch

How does monetary policy respond to the dynamics of the shadow banking sector? pp. 228-247

Luca Agnello, Vitor Castro, Fredj Jawadi and Ricardo Sousa

Domestic financial reforms and crisis recoveries pp. 248-260

Yanke Dai, Shu Lin and Hanbo Zou

Dynamic correlation and volatility spillovers across Chinese stock and commodity futures markets pp. 261-273

Sang Hoon Kang and Seong-Min Yoon

The housing market and agricultural land dynamics: Appraising with Economic Policy Uncertainty Index pp. 274-285

Andrew Alola and Gizem Uzuner

Monetary policy trilemma, inflation targeting and global financial crisis pp. 286-296

Eda Gülşen and Erdal Özmen

Banks' profitability, institutions, and regulation in the context of the financial crisis pp. 297-320

Joao Teixeira, Francisco José Silva, Fernando A.T. Costa, Dário M.C. Martins and Maria da Graça Batista

Volume 25, issue 1, 2020

A tale of two shocks: The dynamics of international real estate markets pp. 3-27

Stelios Bekiros, Amanda Dahlström, Gazi Uddin, Oskar Ege and Ranadeva Jayasekera

U.S. economic uncertainty, EU business cycles, and the global financial crisis pp. 28-42

Taufiq Choudhry, Syed S. Hassan and Sarosh Shabi

A study on the co‐movement and influencing factors of stock markets between China and the other G20 members pp. 43-62

Sen Wang and Zhixiu Guo

Changes in sovereign debt dynamics in Central and Eastern Europe pp. 63-71

Juan Cuestas

Central bank independence and inflation—Old story told anew pp. 72-89

Ryszard Kokoszczyński and Joanna Mackiewicz‐Łyziak

Customer concentration, institutions, and corporate bond contracts pp. 90-119

Chenyan Liu, Zuoping Xiao and Hong Xie

Are financial analysts eager postmen of bubble psychology? Evidence in the United Kingdom pp. 120-137

William P. Forbes, Áine Murphy, Cormac O'Keeffe and Chen Su

Volume 24, issue 4, 2019

Special issue of the International Journal of Finance and Economics innovations in finance, economics, risk management, and policy pp. 1407-1408

Keith Cuthbertson, Ioannis Kyriakou, Georgios Sermpinis and Athanasios A. Pantelous

Option‐implied risk measures: An empirical examination on the S&P 500 index pp. 1409-1428

Giovanni Barone‐Adesi, Chiara Legnazzi and Carlo Sala

Option‐implied information and stock herding pp. 1429-1442

Nikolaos Voukelatos and Thanos Verousis

Revisiting Fama–French factors' predictability with Bayesian modelling and copula‐based portfolio optimization pp. 1443-1463

Yang Zhao, Charalampos Stasinakis, Georgios Sermpinis and Filipa Da Silva Fernandes

What influences a bank's decision to go public? pp. 1464-1485

Georgios Sermpinis, Serafeim Tsoukas and Ping Zhang

Internal capital market mergers in weak external market environment: An emerging market evidence pp. 1486-1505

Wei Huang, Hong Zhang, Abhinav Goyal and Jason Laws

Treasuries variance decomposition and the impact of monetary policy pp. 1506-1519

Alexandros Kontonikas, Charles Nolan, Zivile Zekaite and Michael Lamla

Multiplex network analysis of the UK over‐the‐counter derivatives market pp. 1520-1544

Marco Bardoscia, Ginestra Bianconi and Gerardo Ferrara

Volume 24, issue 3, 2019

On the time‐varying links between oil and gold: New insights from the rolling and recursive rolling approaches pp. 1047-1065

Mehmet Balcilar, Zeynel Ozdemir and Muhammad Shahbaz

Financial liberalization, exchange‐rate regime, and banking crisis likelihood pp. 1066-1078

Greg M. Richey

Effects of information sharing on banking credit and economic growth in developing countries: Evidence from the West African Economic and Monetary Union pp. 1079-1090

Salamata Loaba and Pam Zahonogo

Banking efficiency in emerging economies: Does foreign banks entry matter in the Ghanaian context? pp. 1091-1108

Daniel Ofori‐Sasu, Lord Mensah, John Kwame Akuma and Isaac Doku

Latin American stock market dynamics and comovement pp. 1109-1129

Simeon Coleman, Vitor Leone and Otavio R. de Medeiros

Circuit breakers as market stability levers: A survey of research, praxis, and challenges pp. 1130-1169

Imtiaz Mohammad Sifat and Azhar Mohamad

Does one model fit all in global equity markets? Some insight into market factor based strategies in enhancing alpha pp. 1170-1192

Subhransu S. Mohanty

Investigating the relationship between high‐yield bonds and equities and its implications for strategic asset allocation during the Great Recession pp. 1193-1209

Georgios Menounos, Constantinos Alexiou and Sofoklis Vogiazas

Unconventional monetary policies and bank credit in the Eurozone: An events study approach pp. 1210-1224

Luis Martins, Joana Batista and Alexandra Lopes

The impact of global financial crisis on conventional and Islamic banks in the GCC countries pp. 1225-1237

Abdalla Salih, Mahieddine Adnan Ghecham and Sameer Al‐Barghouthi

The international diversification benefits of U.S.‐traded equity products pp. 1238-1253

Martha O'Hagan‐Luff and Jenny Berrill

Alarm index for institutional bank runs pp. 1254-1270

Jan Henrik Wosnitza

The size premium and macrovolatility risks: Evidence from U.S. and U.K. equity markets pp. 1271-1286

Sungjun Cho

To profit or not to profit? Assessing financial sustainability outcomes of microfinance institutions pp. 1287-1299

Rodrigo Leite, Layla dos Santos Mendes and Luiz Claudio Sacramento

An early warning indicator for liquidity shortages in the interbank market pp. 1300-1312

Andrea Eross, Andrew Urquhart and Simon Wolfe

The spillover effects of U.S. monetary policy on emerging market economies pp. 1313-1332

Peter Tillmann, Geun‐Young Kim and Hail Park

Securitization as a response to monetary policy pp. 1333-1344

Jiarui Zhang and Xiaonian Xu

Linking social and economic responsibilities and financial performance: The assisting role of innovation for an oil engineering and development company pp. 1345-1354

Zahra Hashemi Oskouei

Forecasting the volatility of the Australian dollar using high‐frequency data: Does estimator accuracy improve forecast evaluation? pp. 1355-1389

George Bailey and James Steeley

Do U.S. investors worry about fear in international equity markets? Empirical evidence on dynamic panel data pp. 1390-1403

Massaporn Cheuathonghua and Chaiyuth Padungsaksawasdi

Volume 24, issue 2, 2019

Diversification and the benefits of using returns standardized by range‐based volatility estimators pp. 671-684

José Luis Miralles‐Quirós, María Mar Miralles‐Quirós and José Manuel Nogueira

Revealing the nexus between oil and exchange rate in the major emerging markets—The timescale analysis pp. 685-697

Dejan Živkov, Jovan Njegić and Suzana Balaban

Pairs trading across Mainland China and Hong Kong stock markets pp. 698-726

Hanxiong Zhang and Andrew Urquhart

Foreign direct investment with tax holidays and policy uncertainty pp. 727-739

Alcino Azevedo, Paulo J. Pereira and Artur Rodrigues

Transmission of a global financial crisis shock to an emerging economy pp. 740-760

Asim Rehman, Sajid M. Chaudhry and Syed Mujahid Hussain

Board diversity, corporate governance, corporate performance, and executive pay pp. 761-786

Ahmed A. Sarhan, Collins Ntim and Basil Al‐Najjar

Do demographics affect monetary policy transmission in Canada? pp. 787-811

Jeremy Kronick and Steve Ambler

Crude oil price shocks, monetary policy, and China's economy pp. 812-827

Fenghua Wen, Feng Min, Yue-Jun Zhang and Can Yang

How do investors price stocks?—Evidence with real‐time data from Vietnam pp. 828-840

Hao Quach, Hoang Nguyen and Linh Nguyen

Ownership structure, economic fluctuation, and capital structure: Evidence from China pp. 841-854

Xi Wang, David Manry and Gina Rosa

Do foreign portfolio capital flows affect domestic investment? Evidence from Brazil pp. 855-883

Jéfferson Colombo, Tiago R. Loncan and João F. Caldeira

Can cooperative game theory solve the low‐risk puzzle? pp. 884-889

Benjamin R. Auer and Tobias Hiller

Economic benefits of technical analysis in portfolio management: Evidence from global stock markets pp. 890-902

Jying‐Nan Wang, Hung‐Chun Liu, Jiangze Du and Yuan‐Teng Hsu

Generalized fuzzy soft sets theory‐based novel hybrid ensemble credit scoring model pp. 903-921

Dayu Xu, Xuyao Zhang and Hailin Feng

Does aggregate insider trading predict stock returns in China? pp. 922-942

Qing He, Bingqian Cheng and Jing Wen

High‐frequency trading from an evolutionary perspective: Financial markets as adaptive systems pp. 943-962

Viktor Manahov, Robert Hudson and Andrew Urquhart

Interconnectedness of the banking sector as a vulnerability to crises pp. 963-990

Tuomas Antero Peltonen, Michela Rancan and Peter Sarlin

The impacts of global economic policy uncertainty on stock market returns in regime switching environment: Evidence from sectoral perspectives pp. 991-1016

Mohammad Enamul Hoque and Mohd Azlan Shah Zaidi

Expectation hypothesis and term structure anomaly pp. 1017-1029

I‐Doun Kuo, Cathy Yi‐Hsuan Chen and Kai‐Min Huang

Economic precariousness: A new channel in the housing market cycle pp. 1030-1043

Philip Arestis and Ana Rosa Gonzalez‐Martinez

Volume 24, issue 1, 2019

Stock price effects of bank rating announcements: An application to European Union countries pp. 4-19

Júlio Lobão, Luis Pacheco and Susana Campos

Does size affect the relation between option compensation and managerial risk taking? Evidence from Canadian listed companies pp. 20-32

Atreya Chakraborty, Lucia Silva Gao and Shahbaz Sheikh

Currency risk premia: Perceptions of downside risk and deviations from benchmark values pp. 33-48

Steven Furnagiev and Josh Stillwagon

A note on bank loan officers' expectations for credit standards: Evidence from the European bank lending survey pp. 49-53

Dimitris Anastasiou and Konstantinos Drakos

Financial integration and the Great Leveraging pp. 54-79

Daniel Carvalho

Nonfinancial sector debt and the U.S. Great Moderation: Evidence from flow‐of‐funds data pp. 80-96

Maria Grydaki and Dirk Bezemer

Nonperforming loans in the euro area: Are core–periphery banking markets fragmented? pp. 97-112

Dimitris Anastasiou, Helen Louri and Mike Tsionas

U.S. monetary policy and China's exchange rate policy during the great recession pp. 113-130

Juha Tervala

Volatility spillovers between real exchange rate returns and real stock price returns in Malaysia pp. 131-149

Hock Tsen Wong

Domestic lead arranger certification and the pricing of project finance loans pp. 150-167

Frederick S. Ahiabor and Gregory James

The determinants of profitability of Indian commercial banks: A panel data approach pp. 168-185

Faozi A. Almaqtari, Eissa A. Al‐Homaidi, Mosab I. Tabash and Najib H. Farhan

The optimal hedge strategy of crude oil spot and futures markets: Evidence from a novel method pp. 186-203

Lu‐Tao Zhao, Ya Meng, Yue-Jun Zhang and Yun‐Tao Li

Examining pecking order versus trade‐off theories of capital structure: New evidence from Japanese firms pp. 204-211

Shaif Jarallah, Ali Salman Saleh and Ruhul Salim

Industrial structure and the probability of crisis: Stability is not resilience* pp. 212-226

Dongyeol Lee and Hyunjoon Lim

Investor trading behaviour and stock price crash risk pp. 227-240

Liyun Zhou and Jialiang Huang

An investigation of the effects of income inequality on financial fragility: Evidence from Organization for Economic Co‐operation and Development countries pp. 241-259

Chrysovalantis Amountzias

The simultaneous disclosure of shareholder and stakeholder corporate governance practices and their antecedents pp. 260-287

Ernest Gyapong and Godfred Adjapong Afrifa

Exports, capital inflows, relative prices, and income growth in South Korea: An application of the balance of payments constraint growth model pp. 288-295

Alexander Bilson Darku

Spillover effects of credit default risk in the euro area and the effects on the Euro: A GVAR approach pp. 296-312

Timo Bettendorf

Multiperiod stochastic programming portfolio optimization for diversified funds pp. 313-327

Lawrence V. Fulton and Nathaniel D. Bastian

Financial development, sectoral effects, and international trade in Africa: An application of pooled mean group (PMG) estimation approach pp. 328-347

Yakubu Awudu Sare, Anthony Q.Q. Aboagye and Lord Mensah

Effect of investor inattention on price drifts following analyst recommendation revisions pp. 348-360

Andrey Kudryavtsev

The early‐warning system of stock market crises with investor sentiment: Evidence from China pp. 361-369

Rengui Zhang, Xueshen Xian and Haowen Fang

Common idiosyncratic volatility and returns: From an investment horizon perspective pp. 370-390

Libo Yin, Tengjia Shu and Zhi Su

What does unconventional monetary policy do to stock markets in the euro area? pp. 391-411

Tarek Chebbi

Modelling long memory volatility in the Bitcoin market: Evidence of persistence and structural breaks pp. 412-426

Elie Bouri, Luis A. Gil‐Alana, Rangan Gupta and David Roubaud

Effect of determinants on financial leverage in Indian steel industry: A study on capital structure pp. 427-436

Sarada Dakua

Homeownership motivation, rationality, and housing prices: Evidence from gloom, boom, and bust‐and‐boom economies pp. 437-448

Constantinos Alexiou, Aaron‐Samuel Chan and Sofoklis Vogiazas

A simple mathematical programming model for countries' credit ranking problem pp. 449-460

Sadegh Niroomand, Nima Mirzaei and Abdollah Hadi‐Vencheh

Financial firm bankruptcies, international stock markets, and investor sentiment pp. 461-473

Panayiotis Papakyriakou, Athanasios Sakkas and Zenon Taoushianis

Topological applications of multilayer perceptrons and support vector machines in financial decision support systems pp. 474-507

Mohammad Zoynul Abedin, Chi Guotai, Fahmida–E– Moula, A.S.M. Azad and Mohammed Shamim Uddin Khan

Of leaders and followers—An econometric analysis of equity analysts and stock market investors pp. 508-526

Rainer Baule and Hannes Wilke

Interrelations of U.S. market fears and emerging markets returns: Global evidence pp. 527-539

Ghulam Sarwar and Walayet Khan

Does the environmental Kuznets curve exist between globalization and energy consumption? Global evidence from the cross‐correlation method pp. 540-557

Muhammad Shahbaz, Mantu Mahalik, Syed Jawad Hussain Shahzad and Shawkat Hammoudeh

Tail dependence networks of global stock markets pp. 558-567

Fenghua Wen, Xin Yang and Wei-Xing Zhou

Bank competition, stability, and intervention quality pp. 568-587

Angelos Kanas, Hussein A. Hassan Al‐Tamimi, Mohamed Albaity and Ray Saadaoui Mallek

The finance–growth nexus: Does risk premium matter? pp. 588-603

Michael Adusei

Stock return volatility and capital structure measures of nonfinancial firms in a dynamic panel model: Evidence from Pakistan pp. 604-628

Zeeshan Ahmed and Daw Tin Hla

Does financial market growth improve income distribution? A comparison of developed and emerging market economies of the global sample pp. 629-646

Sudharshan Reddy Paramati and Thanh Pham Thien Nguyen

The efficacy of macroeconomic policies in resolving financial market disequilibria: A cross‐country analysis pp. 647-667

Gurcharan Singh, Albert Wilson and Anwar Halari