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Journal of Risk and Financial Management, Volume 16, Issue 10

October 2023 - 45 articles

Cover Story: Ethereum is the second largest cryptocurrency in terms of market capitalization. It has a flourishing ecosystem and its blockchain allows for smart contracts. Transaction fees, which are referred to as “gas prices”, are of fundamental importance to this blockchain and its users. This research builds and estimates a bootstrapped quantile regression model to examine whether blockchain activity, such as the number of transactions and smart contracts, can explain changes in Ethereum gas prices. The empirical approach allows us to see relationships across the full distribution of gas price changes. This is essential given that Ethereum has undergone fundamental economic and technological regime changes, such as the recent implementation of the Ethereum Improvement Proposal (EIP) 1559. View this paper
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Articles (45)

  • Article
  • Open Access
1 Citations
4,519 Views
21 Pages

Commodity Prices and the US Business Cycle

  • Matthew van der Nest and
  • Gary van Vuuren

This article explores the relationship between commodity price cycles and the US business cycle. Commodity price cycles are known to foster capricious macroeconomic activity, and understanding their behaviour offers valuable economic insight. The US...

  • Article
  • Open Access
2 Citations
2,704 Views
12 Pages

An Investigation of the Predictability of Uncertainty Indices on Bitcoin Returns

  • Jinghua Wang,
  • Geoffrey M. Ngene,
  • Yan Shi and
  • Ann Nduati Mungai

Policymakers and portfolio managers pay keen attention to sources of uncertainties that drive asset returns and volatility. The influence of uncertainty on Bitcoin has the potential to drive fluctuations in the entire cryptocurrency market. We invest...

  • Article
  • Open Access
1 Citations
2,514 Views
19 Pages

Environmental Performance and a Nation’s Growth: Does the Economic Status and Style of Governance of a Country Matter?

  • Shailesh Rastogi,
  • Jagjeevan Kanoujiya,
  • Pracheta Tejasmayee,
  • Souvik Banerjee,
  • Neha Parashar and
  • Asmita Dani

The literature abounds with studies on the impact of the growth of nations on the environment. However, studies on the financial materiality of environmental concerns are found less often. This study aims to determine the impact of environmental conc...

  • Article
  • Open Access
1 Citations
2,640 Views
21 Pages

Revenue-sharing (RS) contracts are a common approach in incentivizing innovation of upstream suppliers by addressing the uneven profit distribution between upstream and downstream firms. Considering the possible overconfidence characterizing decision...

  • Article
  • Open Access
7 Citations
4,896 Views
23 Pages

This study investigates the effect of the characteristics of the board of directors on the accrual and real earnings management level, focusing on the role of the corruption level. The employed dataset consists of 469 European-listed firms from 2011...

  • Article
  • Open Access
9 Citations
8,503 Views
28 Pages

This study explores the effect of fintech-driven inclusive finance on the profitability of banks using an unbalanced panel dataset from 660 banks across 40 developing countries between 2011 and 2021. We start with a fixed-effect estimate and subseque...

  • Article
  • Open Access
2,364 Views
17 Pages

In this paper, we derive closed-form formulas of first-order approximation for down-and-out barrier and floating strike lookback put option prices under a stochastic volatility model using an asymptotic approach. To find the explicit closed-form form...

  • Article
  • Open Access
4 Citations
13,886 Views
17 Pages

This paper aims to reveal the asymmetric co-integration relationship and asymmetric causality between Bitcoin and global financial assets, namely gold, crude oil and the US dollar, and make a comparison for their asymmetric relationship before and af...

  • Article
  • Open Access
20 Citations
14,408 Views
25 Pages

Deciphering DeFi: A Comprehensive Analysis and Visualization of Risks in Decentralized Finance

  • Tim Weingärtner,
  • Fabian Fasser,
  • Pedro Reis Sá da Costa and
  • Walter Farkas

Decentralized finance (DeFi) promises a revolution in financial accessibility, transparency, and automation. Yet, its very novelty exposes participants to a number of additional risks and challenges. This study aims to address the risks associated wi...

  • Article
  • Open Access
11 Citations
8,680 Views
19 Pages

This paper examines the link between creative and innovative leadership and FinTech adoption through the transmission mechanisms of perceived ease of use (PEOU) and perceived usefulness (PU). This study used a questionnaire survey method to collect d...

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J. Risk Financial Manag. - ISSN 1911-8074