You are currently on the new version of our website. Access the old version .

Journal of Risk and Financial Management, Volume 18, Issue 3

2025 March - 60 articles

Cover Story: This study investigates the performance of homebuilder exchange-traded funds (ETFs), which offer investors exposure to residential real estate through diversified holdings in construction and related companies. Spanning from 2006 to 2023, our analysis applies both traditional and conditional performance models, including an extended Carhart factor framework. The results show that, while homebuilder ETFs outperform benchmarks in certain periods, particularly during the COVID-19 lockdowns, they also carry higher downside risk. The findings highlight portfolio managers' strengths in security selection despite limitations in market timing, offering timely insights for investors in the housing-linked ETF space. View this paper
  • Issues are regarded as officially published after their release is announced to the table of contents alert mailing list .
  • You may sign up for email alerts to receive table of contents of newly released issues.
  • PDF is the official format for papers published in both, html and pdf forms. To view the papers in pdf format, click on the "PDF Full-text" link, and use the free Adobe Reader to open them.

Articles (60)

  • Article
  • Open Access
9 Citations
27,418 Views
15 Pages

Financial Literacy, Financial Knowledge, and Financial Behaviors in OECD Countries

  • Manuel Carlos Nogueira,
  • Luís Almeida and
  • Fernando Oliveira Tavares

As an integral part of financial inclusion, adequate and correct financial knowledge provides individuals with tools to achieve better financial performance throughout their lives. Financial knowledge also contributes to agents exhibiting financial b...

  • Editorial
  • Open Access
1,468 Views
4 Pages

Financial Econometrics and Quantitative Economic Analysis

  • Sergej Gričar,
  • Nemanja Lojanica and
  • Tamara Backović

Since the foundational contributions of Katarina Juselius and Søren Johansen on cointegration, along with earlier works by influential scholars like Clive Granger, the field has witnessed significant developments [...]

  • Article
  • Open Access
8 Citations
4,670 Views
13 Pages

Building on the Innovation Diffusion Theory, this study proposes and explores the influence of financial literacy on the behavioral intention to use central banks’ digital currency (CBDC) and the moderating role of trust of respondents in the f...

  • Article
  • Open Access
1 Citations
3,024 Views
22 Pages

This study examines the impact of corruption on business innovation from a comparative perspective and shows that this relationship is inherently heterogeneous across firms and countries. It addresses two main research questions: (i) Does corruption...

  • Article
  • Open Access
1 Citations
2,781 Views
17 Pages

This study explores the determinants of CEO compensation in the banking sector, focusing on cross-listing and loan growth. Using 8800 observations from 45 countries spanning 2004 to 2018, the analysis reveals significant differences in compensation s...

  • Article
  • Open Access
3 Citations
5,556 Views
14 Pages

The Greater Sustainability of Stablecoins Relative to Other Cryptocurrencies

  • Adi Wolfson,
  • Gerard Khaladjan,
  • Yotam Lurie and
  • Shlomo Mark

Cryptocurrencies are decentralized digital financial services that do not physically exist in the world of tangible products and goods, and therefore purportedly offer some positive environmental sustainability features. However, since they are based...

  • Article
  • Open Access
3,296 Views
23 Pages

This study seeks to quantify the rising financial linkages between mainland China, Australia, Hong Kong, New Zealand, and the six largest Association of Southeast Asian Nations (ASEAN group). Stock market co-movements would be consistent with growing...

  • Article
  • Open Access
1 Citations
3,818 Views
16 Pages

Projects are exposed to risks that may hinder their success regarding cost, schedule, and quality/content. After identifying these risks, the project manager must select a subset for mitigation, constrained by a limited risk response budget. The prob...

  • Article
  • Open Access
4 Citations
6,662 Views
17 Pages

Artificial Intelligence in Financial Behavior: Bibliometric Ideas and New Opportunities

  • Aliya Bayakhmetova,
  • Lyudmila Rudenko,
  • Liubov Krylova,
  • Buldyryk Suleimenova,
  • Shakizada Niyazbekova and
  • Ardak Nurpeisova

Artificial intelligence is transforming financial behavior and decision-making processes, offering new opportunities to optimize financial systems and reduce bias. This study explores the intersection of AI and financial behavior using bibliometric a...

  • Article
  • Open Access
3 Citations
4,678 Views
25 Pages

Optimizing Portfolios with Pakistan-Exposed Exchange-Traded Funds: Risk and Performance Insight

  • Ali Jaffri,
  • Abootaleb Shirvani,
  • Ayush Jha,
  • Svetlozar T. Rachev and
  • Frank J. Fabozzi

This study examines the investment landscape of Pakistan as an emerging and frontier market, focusing on implications for international investors, particularly those in the United States, through exchange-traded funds (ETFs) with exposure to Pakistan...

of 6

Get Alerted

Add your email address to receive forthcoming issues of this journal.

XFacebookLinkedIn
J. Risk Financial Manag. - ISSN 1911-8074