This paper investigates the relationship between liquidity, information asymmetry, political risk rating, government and regulatory quality rating for non-U.S. stocks in the energy industries listed on the New York Stock Exchange (NYSE). Our …

We study determinants of COVID-19 vaccine donations from recipients’ perspective, especially considering supply chain and institutional weakness (corruption) aspects. Results, based on data from more than 130 nations, show that strengthened supply …

This paper uses a two-regime Markov-switching GARCH model to illustrate that the state-switching of returns in the EU carbon market and its associated energy and stock markets is related to the occurrence of major events. Using the European …

The COVID-19 pandemic substantially impacted many aspects of regular life including financial markets. The increased media attention and slowdown associated with the pandemic provide the opportunity to explore how both institutional and retail …

The corporate firms are affected by the impact of Covid-19 crisis on business activities, cash flow, and firm leverage. It is required to analyze the Speed of Adjustment (SoA) through which firms adjust their leverage toward target during …

We assess the impact of changes in oil prices on building permit applications in the top oil-producing counties, using monthly data between 2004 and 2021. In the long-run, a positive shock in oil prices increases the number of home permit …

This study examines the long memory properties in the volatility of the foreign exchange markets of Egypt, Ghana, Kenya, Nigeria and South Africa. Applying the FIEGARCH model to daily data from June 2, 1997, to December 31, 2021, we find long …

This paper investigates the impact of economic policy uncertainty (EPU) on U.S. banks' performance over the period 2001:Q1-2021:Q1. The empirical results indicate that EPU exerts an adverse influence on banks’ return on assets (ROA), but this …

We examine how the small-minus-big (SMB) size premium changes when firms from different industries are included and excluded from its calculation. Through this analysis, we are able to deduce whether firms in a particular industry play a …

In this study, we examine the impact of fiscal rules on debt affordability across an extensive sample of developed and emerging market economies, employing a panel data model that accommodates weakly exogenous regressors and effectively addresses …

Our study investigates the relationship among liquidity, information asymmetry, and business ethics for non-U.S. stocks listed on the New York Stock Exchange (NYSE). Our results show that non-U.S. stocks from countries with lower ethical standards …

This work exploits a large panel dataset on Italian manufacturing SMEs to examine the relationship between leverage and firms’ financial stability. Specifically, we evaluate whether and to what extent this link is affected by the degree of …

This paper utilizes fractional integration and cointegration techniques to investigate the stochastic properties of the bilateral linkages between the Consumer Sentiment Index (CSI) of eight developed economies, Australia, Canada, France, Germany …

This paper empirically investigates the performance of portfolio screening strategies based on ESG (Environmental, Social, Governance) scores, by testing three main hypotheses motivated by the introduction of sustainability considerations within …

This paper examines the asymmetric multifractality and efficiency in four DeFi assets (BAT-Basic Attention Token, LINK-Chainlink, MKR-Maker, and SNX-Synthetix) using the asymmetric MF-DFA approach and Hurst exponents. The results show different …

In general, financial markets of limited attention or visibility are expected to exhibit more inefficient asset prices. Such markets thus require eventual, increased trading to resolve these inefficiencies. In this study, we consider this …

This study examines the evolving information environment in a sample of post-IPO firms from 2010 to 2020 by exploring the relationship between firm-level manager sentiments and excess buy-and-hold stock returns. We confirm that there is a negative …

We examine whether impending government shutdowns affect money market fund (MMF) investors and managers. Research suggests that market participants place increased risk on US Treasury Bills around government shutdown periods. There are three sets …

This paper investigates the effects of health insurance enrollment on health disparities among different racial groups in the United States. Two models were constructed and estimated empirically where a health insurance disparity model was nested …

We utilize a representative sample of the U.S. adult population to analyze how unbanked consumers make payments for goods and services and how they pay their bills.