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International Journal of Financial Studies, Volume 12, Issue 2

June 2024 - 28 articles

Cover Story: In the realm of financial modeling, the choice of probability distribution for stock returns is pivotal in portfolio construction and risk mitigation strategies. The selection of an appropriate distribution directly influences the accuracy of return forecasts, the assessment of risk, and the optimization of portfolio allocations. By carefully matching the characteristics of a distribution—such as its skewness, kurtosis, and tail behavior—to the empirical data of stock returns, analysts can better capture the inherent uncertainties and dynamics of financial markets. This informed approach not only enhances the robustness of investment strategies but also bolsters decision-making processes, ensuring portfolios are effectively positioned to navigate turbulent financial landscapes with greater confidence. View this paper
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Articles (28)

  • Article
  • Open Access
2 Citations
2,175 Views
15 Pages

Share Repurchases and Corporate Sustainability: Evidence from South Africa

  • Frank Mouton,
  • Carly Londt,
  • Gerhard Cloete,
  • Wynand Hattingh and
  • Gretha Steenkamp

This study examined the relationship between share repurchases and corporate sustainability in South Africa during 2011–2019. According to stakeholder theory, companies may feel a sense of obligation to not only distribute returns to shareholde...

  • Article
  • Open Access
5 Citations
1,988 Views
28 Pages

All the n possible returns on a financial asset are the components of an element of a linear space over R. This paper shows how to transfer all these n possible returns on a one-dimensional straight line. In this research work, two or more than two f...

  • Article
  • Open Access
1,901 Views
25 Pages

The Constant Leverage covering strategy for the equity momentum portfolio (CLvg) developed in this project cannot mask its shortcomings by increasing leverage. It has to successfully forecast and avoid more losses than profits to perform better than...

  • Article
  • Open Access
3 Citations
2,461 Views
12 Pages

This study investigated how the COVID-19 pandemic impacted earnings management practices within both public and private firms in Korea. Amid active government efforts and policies to overcome the pandemic crisis, we anticipate that the earnings manag...

  • Article
  • Open Access
4 Citations
4,220 Views
20 Pages

Using the volatility spillover index method based on the quantile vector autoregression (QVAR) model, this paper systematically examines structural changes and corresponding spillover effects within 20 major stock markets under both extreme and norma...

  • Article
  • Open Access
1 Citations
2,008 Views
22 Pages

The establishment of government investment funds serves as a crucial measure for governments at all levels to leverage their certification role and financial resources in attracting social capital to support enterprise development. This paper empiric...

  • Article
  • Open Access
5 Citations
10,417 Views
16 Pages

Political risk, one of the most significant uncertainty shocks, affects firms’ future attitudes toward risks and plays a crucial role in their decision making. A stock price crash risk is a classical topic in financial markets; therefore, this...

  • Article
  • Open Access
1,353 Views
11 Pages

Bank Accessibility and Entrepreneurial Activity: Evidence from Brazil

  • Rodrigo de Oliveira Leite,
  • Matheus Moura,
  • Layla Mendes and
  • Leonardo Henrique Lima de Pilla

A robust body of research suggests that entrepreneurial activities benefit from financial development and external financing access. However, there is a gap in understanding how and the extent to which the accessibility to financial services is assoc...

  • Article
  • Open Access
3 Citations
2,654 Views
16 Pages

We examine the nonlinear relationship between interest rates on bank risk-taking behavior in South Africa between 2008:q1 and 2022:q3 using nonlinear autoregressive distributive lag (NARDL) and quantile autoregressive distributive lag (QARDL) models....

  • Article
  • Open Access
4 Citations
6,763 Views
18 Pages

The aim of this study is to analyse and assess the yields and liquidity of sovereign green bonds in selected countries and to compare the yields between sovereign green bonds and conventional bonds. Sovereign green bonds are issued by governments to...

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