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International Journal of Financial Studies, Volume 13, Issue 1

March 2025 - 47 articles

Cover Story: Inflation remained quiescent for several decades before surging in 2021 and 2022. Inflation subsequently decelerated in 2023 and 2024. This paper investigates how the increase and decrease in inflation after 2019 affected the U.S. stock market. To this end, a fully specified multi-factor model that measures the exposure of 54 assets to inflation, monetary policy, and other macroeconomic variables over the period from 1994 to 2019 is created. Inflation betas are then used to investigate how investor perceptions of inflation changed between 2020 and 2024. The results indicate that concerns surrounding inflation roiled the stock market over this period. The Fed’s anti-inflationary policies whipsawed markets even further. These findings highlight the dangers that arise when monetary policy allows inflation to accelerate. View this paper
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Articles (47)

  • Article
  • Open Access
2 Citations
6,414 Views
20 Pages

Household savings are a long-term financial issue that can undermine the financial well-being of American families if not addressed. This study examines financial planning strategies through the Behavioral Life-Cycle (BLCH) hypothesis, focusing on lo...

  • Article
  • Open Access
2 Citations
2,138 Views
24 Pages

While achieving common prosperity necessitates a focus on the efficiency and equity of the primary income distribution, income inequality persists in China. As a critical tax incentive mechanism, China’s Accelerated Depreciation Policy (ADP) of...

  • Article
  • Open Access
1 Citations
2,319 Views
30 Pages

This study aims to investigate the impact of the market structure and efficiency on firm performance in the meat and milk processing industry in Poland, Czechia, and Slovakia. Using stochastic frontier analysis and a profitability regression model ap...

  • Article
  • Open Access
1 Citations
3,990 Views
19 Pages

The effects of certain abilities on financial outcomes have been debated for several years. Some argue that financial knowledge is key to financial success, while others have found financial skill and self-assessed knowledge are more important. This...

  • Article
  • Open Access
2 Citations
1,949 Views
16 Pages

Biotechnology firms operate in a highly innovative and capital-intensive environment, characterized by high levels of R&D, long product development periods, significant regulations, and high levels of uncertainty. These firms rely heavily on inta...

  • Article
  • Open Access
1 Citations
2,670 Views
19 Pages

Pricing the Audit Risk of Innovation: Intangibles and Patents

  • Daqun Zhang,
  • Donald R. Deis and
  • Hsiao-Tang Hsu

The economic literature documents that the investment rate in intangible assets, including intellectual property (IP), has far outpaced that of tangible assets for several decades. In this context, our research delves into the impact of self-created...

  • Article
  • Open Access
2 Citations
3,642 Views
21 Pages

Women entrepreneurs in the Middle Eastern region, particularly in the United Arab Emirates (UAE), face several challenges (e.g., cultural) coupled with the recent transformation of the digital economy. This issue poses a significant challenge for fin...

  • Article
  • Open Access
3 Citations
3,067 Views
18 Pages

This paper revisits the effects of financial market openness and stock market returns on economic development in the Gulf Cooperation Council countries over the period 1993–2022. We performed the panel stationarity test advanced that accommodat...

  • Article
  • Open Access
3,034 Views
18 Pages

This paper empirically examines the impact of CEO narcissism on corporate financialization using Shanghai and Shenzhen A-share listed companies from 2009–2022. The results find that CEO narcissism leads to corporate financialization, and the pr...

  • Article
  • Open Access
1 Citations
2,873 Views
18 Pages

Robust Portfolio Selection Under Model Ambiguity Using Deep Learning

  • Sadegh Miri,
  • Erfan Salavati and
  • Mostafa Shamsi

In this study, we address the ambiguity in portfolio optimization, particularly focusing on the uncertainty related to the statistical parameters governing asset returns. We propose a novel method that combines robust optimization with artificial neu...

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Int. J. Financial Stud. - ISSN 2227-7072