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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
13 Citations
4,906 Views
23 Pages

This study aims to provide an understanding of the impact of professionalism theory constructs on the applicability of forensic accounting services, as well as reviewing the obstacles to implementing the profession of forensic accounting through a li...

  • Article
  • Open Access
1 Citations
3,168 Views
22 Pages

Studying Differing Impacts of Various Monetary Aggregates on the Real Economy

  • Romeo Victor Ionescu,
  • Costinela Fortea,
  • Monica Laura Zlati and
  • Valentin Marian Antohi

Since we are living in a time of multiple crises and geopolitical unrest, it is important to look at how monetary aggregates affect the real economy. This will help us figure out how uncertainty affects the economy and come up with more stable financ...

  • Article
  • Open Access
6 Citations
3,684 Views
15 Pages

This article examines the impact of the macroenvironment on enterprises in euro-area countries over the period 2006–2020. Our study builds on important works and theories in the field of business, including the work of Kar and Özsahin. We...

  • Article
  • Open Access
1 Citations
3,078 Views
22 Pages

Audit Expectation Gap in the External Audit of Banks in Mozambique

  • Osvaldo Massicame,
  • Helena Coelho Inácio and
  • Maria Anunciação Bastos

The function of the external audit, largely as a result of the scandals and financial crises that have occurred, has been the subject of debate and criticism. This aspect has fostered discussions around the Audit Expectation Gap, which, in short, is...

  • Article
  • Open Access
6 Citations
3,788 Views
18 Pages

In order to help enterprises to achieve high-quality development and improve the capital market regulatory policies by supporting with more factual basis from China, this paper conducts research on clarifying impact mechanism of digital transformatio...

  • Article
  • Open Access
6 Citations
9,270 Views
17 Pages

Assessing the Performance and Risk-Adjusted Returns of Financial Mutual Funds

  • Davinder K. Malhotra,
  • Tim Mooney,
  • Raymond Poteau and
  • Philip Russel

In this study, we provide a comprehensive examination of the performance of financial (specialty sector financial) mutual funds over a 23-year period, a much longer time frame than what has been analyzed in previous literature. To fully understand th...

  • Article
  • Open Access
1 Citations
6,945 Views
23 Pages

Having effective and efficient financing is one of the most critical steps in accelerating public infrastructure development, including toll roads. This study aims to identify critical success factors (CSFs) for implementing toll infrastructure finan...

  • Article
  • Open Access
4 Citations
15,083 Views
15 Pages

Inflation in 2021 and 2022 grew much faster than the Federal Reserve expected. The Fed downplayed inflation in 2021 and then increased the federal funds rate by 500 basis points between March 2022 and May 2023. This paper investigates how this unprec...

  • Article
  • Open Access
10 Citations
8,506 Views
18 Pages

Machine Learning to Forecast Financial Bubbles in Stock Markets: Evidence from Vietnam

  • Kim Long Tran,
  • Hoang Anh Le,
  • Cap Phu Lieu and
  • Duc Trung Nguyen

Financial bubble prediction has been a significant area of interest in empirical finance, garnering substantial attention in the literature. This study aims to detect and forecast financial bubbles in the Vietnamese stock market from 2001 to 2021. Th...

  • Article
  • Open Access
4 Citations
3,852 Views
20 Pages

Cultural Influence on Corporate Sustainability: A Board of Directors Perspective

  • Diana Escandon-Barbosa,
  • Jairo Salas-Paramo and
  • José Luis Duque

This research aims to analyze the triple moderating effect of the board of directors in the country culture of a firm and its influence on the relationship between organizational innovation and organizational learning in corporate sustainability. A s...

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