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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
4 Citations
2,549 Views
10 Pages

This study investigates how a company’s internal control team affects their investment decision making, considering the level of industry competition within the South Korean capital market. A model obtained from the literature was employed to t...

  • Article
  • Open Access
5 Citations
3,470 Views
27 Pages

Financial market data are abundant with outliers, and the search for an appropriate extreme value theory (EVT) approach to apply is an endless debate in the statistics of extremes research. This paper uses EVT methods to model the five-year daily all...

  • Article
  • Open Access
5 Citations
6,044 Views
15 Pages

The Pakistani banking sectors facing numerous challenges because of poor internal audit quality. Internal audit quality has long been a source of contention. The current study examines the factors that affect internal audit quality in Pakistani comme...

  • Article
  • Open Access
2 Citations
4,438 Views
22 Pages

Research proposes that economic policy uncertainty (EPU) leads to exchange rate fluctuations. Given that African countries experience higher levels of uncertainty in developed/emerging markets, we examine the extent to which domestic and foreign EPU...

  • Article
  • Open Access
12 Citations
4,900 Views
21 Pages

An Empirical Analysis of the Dynamics Influencing Bank Capital Structure in Africa

  • Ayodeji Michael Obadire,
  • Vusani Moyo and
  • Ntungufhadzeni Freddy Munzhelele

Financial institutions, particularly banks, have long grappled with the dilemma of structuring their capital optimally. This process, commonly referred to as capital structure decision-making, is of paramount importance, especially within the financi...

  • Article
  • Open Access
3,136 Views
19 Pages

This paper examines the determinants of bond issuance in the Chinese market and the influence of capital structure—in particular direct debt finance—on firm performance and the cost of debt. The results reveal that institutional factors i...

  • Article
  • Open Access
1 Citations
1,972 Views
16 Pages

Portfolio optimization is a mathematical formulation whose objective is to maximize returns while minimizing risks. A great deal of improvement in portfolio optimization models has been made, including the addition of practical constraints. As the nu...

  • Article
  • Open Access
3 Citations
4,652 Views
12 Pages

Digital Credit and Its Determinants: A Global Perspective

  • Tu D. Q. Le,
  • Thanh Ngo and
  • Dat T. Nguyen

Digital credit has gained much attention from academic researchers, practitioners, and policymakers worldwide. This study empirically evaluates the determinants of digital credit using cross-country data from 2013 to 2019. The conventional ordinary l...

  • Article
  • Open Access
14 Citations
4,586 Views
32 Pages

A Bibliometric Analysis of the FinTech Agility Literature: Evolution and Review

  • Abdelkebir Sahid,
  • Yassine Maleh,
  • Shahram Atashi Asemanjerdi and
  • Pedro Antonio Martín-Cervantes

Bibliometric analysis is crucial in understanding the evolution of research trends and knowledge in various fields. This study applies bibliometric analysis to explore the growth of the research paradigm on agility in the FinTech literature, using co...

  • Article
  • Open Access
1 Citations
2,859 Views
13 Pages

This paper examines the relationship between the presence of blockholdings and stock returns and return volatility in the United Arab Emirates. Earlier studies report mixed results for the direction of the relationships across both developed and emer...

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