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International Journal of Financial Studies, Volume 11, Issue 4

December 2023 - 36 articles

Cover Story: The figure plots represent the months between 2020 and 2023 when there was a statistically significant relationship between the returns of 53 assets and their betas concerning Bauer and Swanson’s monetary policy measure. The coefficients show how investors’ responses to monetary policy affected assets with an average exposure to contractionary monetary policy. The figure also shows that investors in 2020 anticipated more flexible monetary policies. Although inflation soared in 2021, investors did not foresee a tighter policy. As inflation increased in 2022, investors factored in the likelihood of contractionary monetary policy changes. It is striking how investors’ perceptions of monetary policy changed from month to month in 2022. View this paper
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Articles (36)

  • Article
  • Open Access
3 Citations
3,454 Views
19 Pages

Despite the expansion of financial institutions and the proliferation of mobile financial services, reaching the unbanked and bringing them under formal financial services has become a policy concern in many developing countries. Due to the lack of f...

  • Article
  • Open Access
7 Citations
6,164 Views
14 Pages

This research aims to broaden the understanding of the determinants of climate change disclosure, where the study analyzes the impact of corporate business strategy and Chief Executive Officer (CEO) overconfidence on the level of climate change discl...

  • Article
  • Open Access
2 Citations
3,391 Views
21 Pages

This research explored the relationship between financial development and economic growth in the MENA region from 1996 to 2022. Using panel data, it assessed whether financial institutions and financial markets had differing impacts on economic growt...

  • Article
  • Open Access
2 Citations
3,158 Views
15 Pages

Dynamic Stability of Public Debt: Evidence from the Eurozone Countries

  • Epameinondas Katsikas,
  • Nikiforos T. Laopodis and
  • Konstantinos Spanos

This paper investigates the dynamic stability of public debt and its solvency condition in the face of crisis periods (1980–2021) in a sample of 11 euro-area countries. The focus is on the feedback loop between the dynamic stability of public d...

  • Article
  • Open Access
5 Citations
4,684 Views
24 Pages

This study examines whether and how risk disclosures in Management Discussion and Analysis (MD&A) affected the stock price crash risk of China’s publicly listed firms over the period of 2017–2021. The empirical results show that risk...

  • Article
  • Open Access
3 Citations
3,129 Views
14 Pages

The accelerated growth and interconnectedness of financial institutions and movement towards products and activities outside the regulatory purview have been met with huge concerns. South Africa is one of the emerging economies that this conundrum ha...

  • Article
  • Open Access
2 Citations
4,728 Views
27 Pages

This paper proposes two data-driven models (including LSTM pricing model, WGAN pricing model) and an improved model of LSM based on GAN to analyze the pricing of convertible bonds. In addition, the LSM model with higher precision in traditional prici...

  • Feature Paper
  • Article
  • Open Access
2,540 Views
31 Pages

Factor Sufficiency in Asset Pricing: An Application for the Brazilian Market

  • Rafaela Dezidério dos Santos Rocha and
  • Márcio Laurini

The multifactor asset pricing model derived from the Fama–French approach is extensively used in asset risk premium estimation procedures. Even including a considerable number of factors, it is still possible that omitted factors affect the est...

  • Article
  • Open Access
1 Citations
3,458 Views
10 Pages

India is among the largest and fastest-growing economies in the world. To continue its growth, energy is and will continue to be one of its most important considerations. With a population of over one billion, India is the third largest consumer of p...

  • Article
  • Open Access
1 Citations
3,376 Views
16 Pages

Influence of Transparency and Disclosures on the Dividend Distribution Decisions in the Firms: Do Profitability and Efficiency of Firms Matter?

  • Shailesh Rastogi,
  • Geetanjali Pinto,
  • Amit Kumar Pathak,
  • Satyendra Pratap Singh,
  • Arpita Sharma,
  • Souvik Banerjee,
  • Jagjeevan Kanoujiya and
  • Pracheta Tejasmayee

The purpose of this study is to determine if the impact of transparency and disclosure (TD) levels on shareholders’ current income (dividends) is moderated by technical efficiency (te) and profitability. The study employs econometrics on panel...

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Int. J. Financial Stud. - ISSN 2227-7072Creative Common CC BY license