International Journal of Financial Studies, Volume 13, Issue 3

The FTX collapse marked a significant shock to global crypto markets, prompting concerns about systemic contagion. This paper investigates the dynamic connectedness between cryptocurrencies, DeFi tokens, and tech stocks, focusing on the systemic impa...

This study identifies a nonlinear relationship among liquidity, tracking error, and risk-adjusted performance in JETFs. Collecting daily data for 1077 JETFs from January 2008 to April 2022, we find a concave association, whereby both highly liquid an...

As investors increasingly use Environmental, Social, and Governance (ESG) criteria, a key challenge remains: ESG data is typically reported annually, while financial markets move much faster. This study investigates whether incorporating annual ESG s...

This study examines whether the integration of Environmental, Social, and Governance (ESG) factors enhances the accuracy of financial forecasts. Using a dataset of 2548 publicly listed companies from 98 countries, we evaluate a range of machine learn...

Banks in the United States face persistent challenges from non-performing loans (NPLs), despite conducting thorough client evaluations before issuing loans. To mitigate the impact of NPLs and support both local and global growth, banks must adopt eff...

This study investigates how energy consumption and foreign direct investment (FDI) influenced economic growth in BRICS+ countries from 1990 to 2021, using a two-step System GMM estimator to address endogeneity and dynamic effects. While the results s...

This study investigates the nexus between leverage and financial performance in a sample of 54 Moroccan agricultural small- and medium-sized enterprises (SMEs) over the period of 2017–2022. Drawing on trade-off, pecking order, and agency theori...

This paper explores the central role of monetary governance, i.e., high politics and low politics, in protecting a currency’s exchange rate and reducing its volatility during periods of global crisis. Using annual panel data from 15 developed a...

This study investigates whether, and to what extent, dividend-paying firms follow pecking order behavior when altering their capital structure. Using a panel of 3173 U.S. firms from 1960 to 2020 (49,424 firm-year observations), we examine four financ...

With the continuous deepening of the financialisation level of Chinese enterprises, the output of capital-deepening enterprises is inevitably affected. Taking A-share listed companies on the Shanghai and Shenzhen Stock Exchanges in China from 2007 to...