Using a quarterly sample of the 19 biggest US banks—i.e., four universal banks and fifteen regional banks—we find, with the help of a robust GMM method accounting for the endogeneity of bank diversification in fee-based income, that low interest …

This study investigates whether specific types of institutional futures traders have varying impacts on the quality of the underlying stock market. An assessment of the traders’ effect on market-level price efficiency and excess volatility reveals …

In the literature on climate change, it is well established that CO2 is a major greenhouse gas (GHG) and SO2 is a significant atmospheric cooling aerosol. Previous studies have tended to focus on the relationship between CO2 emissions and measures …

We examine whether a CEO’s composition of firm stockholdings between restricted and unrestricted shares impacts the firm’s payout policy. We document a positive and statistically significant relationship between measures of payout policy and the …

This study investigates the effects of the COVID-19 pandemic on herding behaviour among investors in two well-developed markets. Utilizing daily prices of stock indexes from the period of December 5, 2017 to February 28, 2022 for USA and January …

We investigate whether the United States economy responds negatively to oil price uncertainty and whether oil price shocks exert asymmetric effects on economic activity. In doing so, we use monthly data and modify the (Elder and Serletis J Money …

This paper investigates the impact of economic policy communication via social media on stock market uncertainty. It uses a sample of Donald Trump’s tweets to identify and cluster policy-related tweets using a double machine learning approach …

We use a semiparametric GARCH-in-Mean copula model to examine the price evolution and volatility dynamics of crude oil, natural gas, and hydrocarbon gas liquids markets using data from January 2002 to December 2021. We find that uncertainty has a …

This study investigates whether the market can detect the productivity changes in US bank acquirers during the deregulation of the 1990s and the regulation in the aftermath of the 2008 financial crisis. We find that the market reacts negatively to …

Data breaches continue to plague most industries but especially the healthcare sector. While previous studies have aimed at assessing the financial implications arising from data breaches, none of them focused on the healthcare sector. This study …

This paper deals with the analysis of the statistical properties of the profitability yielded by Private Equity from a fractionally integrated viewpoint. Using quarterly data from 1981q2 to 2021q3, the results support the hypothesis of …

This paper investigates the effect of earnings management practices on firm performance and focuses on how economic policy uncertainty (EPU) moderates the association between earnings management and firm performance. The analysis is based on a …

In this paper, a simple and tractable model of cost pass through is presented to explain the rate of transmission of exchange rate variations to the markups of exporting firms. The explanation is based on the assumption of endogenous firms …

There is an ongoing debate regarding the economic consequences of public policies designed to curb public health crises, such as the COVID-19 pandemic. Many opponents of such policies claim that their economic costs may outweigh their health …

This study analyzes the nonlinear price pattern and its underlying source of nonlinearity for U.S. housing markets along with the plausible explanations of chaos and bubble-like characteristics during 1987 to 2019. The results from the BDS test …

This study investigates the predictive power of the financial stress on the dynamic of the Middle East and North Africa (MENA) financial market returns from 2007 to 2021. Based on a Quantile Regression, we show that financial stress has highest …

This paper examines how stock returns respond to oil prices with monthly data from 1990 to 2020 for 12 major economies: 6 oil-exporting countries and 6 oil-importing countries. Combining short and long-run empirical approaches in …

Using a sample of cross-listed and U.S. firms, we examine whether firms’ growth opportunities are associated with discretionary accruals and/or real activities management. While existing papers have reported mixed evidence for U.S. firms, we are …

Current trend in applied research points at application of Shin et al.’s (2014) nonlinear ARDL approach to asymmetric error-correction modeling and asymmetric cointegration. Two studies in the literature have applied these approaches to assess the …

Since ancient times, corruption has been one of the essential topics for economists and politicians. Moreover, it is a concern for both developed and developing countries and a significant obstacle to economic development. The primary objective of …