... distribution Generalised autoregressive score G15 G16 C32 Funding: This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors. Diversification allows investors to minimise risks by selecting assets...

... Structural equations System-wide connectedness Systemic risk C32 C51 C58 E44 F31 G15 Funding: The authors received no specific funding for this work. The seminal work of King and Wadhwani (1990) argues that shocks transmit in stock markets because rational agents infer...

... investors G12 G14 G15 G18 Default, liquidity and tax are considered major determinants of yield spreads of risky bonds. Empirically, there is a well-known “credit spread puzzle,” in that default and tax can hardly account for the observed level or change of yield spreads for corporate bonds...

... assessment of system-level and sector-specific resilience and its evolution. Higher-order financial network Chinese stock sectors Collective risk resonance Sectoral resilience G15 C32 Yaoxun Deng can be contacted at: dyx_pm@hunnu.edu.cn 10 06 2025 18 07 2025 13 09 2025...

... 21 08 2024 05 02 2025 10 04 2025 © Emerald Publishing Limited 2025 Emerald Publishing Limited Licensed re-use rights only C32 C58 G15 Over the past three years, the NFT market has been marked by significant volatility and dynamic shifts, undergoing periods...

... G15 G11 G01 G12 Q02 Building on this understanding, various studies have explored the impact of the Hamas conflict on financial markets, assessing its broader economic consequences. Research by Kaplanski and Levy (2012) , Kollias et al. (2010) , and Eldor and Melnick (2007...

... to dramatic price swings and instability. These studies underscore the role of information-based herding in creating and exacerbating market anomalies that pose significant risks to financial stability. G15 G18 G41 G32 Ooi Kok Loang can be contacted at: kokloangooi94@hotmail.com 02...

... Licensed re-use rights only Internal capital market Agency theory International fourth quarter investment G15 G30 G31 The topic of internal capital market can be dated back to Coase (1937)   [1] and has become popular in corporate finance since studies such as Myers and Majluf...

... Emerald Publishing Limited Licensed re-use rights only COVID-19 pandemic Bank systemic risk Conditional value-at-risk Marginal expected shortfall Cross-country evidence G01 G15 G21 In 2020, following a sudden outbreak of COVID-19, this novel coronavirus spread expeditiously...

... Geopolitical risk Safe-haven D81 F31 G12 G15 Gold has been widely held by Chinese residents not only for its beauty but also for its capacity to retain value. During times of dramatic social change, economic downturn, financial crisis or war, gold is a favored instrument used as a hedge...

... assets, is used as the main measure of firm valuation. In robustness checks, we also measure firm valuations with logarithmic Tobin's q (LogTobinQ) or logarithmic market-to-book equity (LogMB). E24 G10 G12 G15 J24 We proxy firm city with the headquarter city by following...

... Scaled momentum strategies Volatility Investment horizon Persistence G10 G12 G15 The positive returns from momentum strategy have shown resilience over time for different asset classes and across distinct samples [ 1 ]. These positive returns can be attained by going long and short...

... Publishing Limited Licensed re-use rights only Stock–bond return correlation Stock-gold return correlation Downside risk Economic policy uncertainty Geopolitical risk Safe haven G10 G11 G14 G15 This paper investigates the impact of changes in economic policy uncertainty...

... and volatility forecasting in China's index futures market and reveals the underlying market mechanisms of liquidity-induced volatility. Realized volatility Volatility forecasting HAR model Trading behavior Equity futures G13 G15 G17 In this paper, we examine whether the high frequency...

... fiat currencies from 23 Bitcoin exchanges. Day-of-the-week effect Bitcoin return Currencies Rolling window G14 G15 The day-of-the-week effect, which is known as one of the calendar anomalies in financial markets, refers to the fact that returns are different on specific weekdays...

...-use rights only Downside risk Chinese stock market Economic policy uncertainty G11 G12 G15 It is well recognized that sudden changes in economic policy uncertainty (EPU) will produce harmful effects on macroeconomic activity and cause financial market instability (Bloom, 2009...

... volatility FOMC Risk-neutral density Target rates G10 G15 The monetary policy decisions of central banks are well recognized to have strong influence on price movements in the financial market. The decisions are announced on known and scheduled dates; however, market participants do...

... or face higher liquidity costs. © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Emerging markets Foreign ownership Execution costs Investability G11 G15 We examine the cross-sectional relationship between a firm’s stock market...

... Hong Kong, Taiwan and Macao Foreign direct investment Exports Lateral direct investment Time-varying causality Vertical direct investment C32 F14 G15 This study aims to test the causal link between foreign direct investment (FDI) and exports in China and to determine...

...: Hua Wang can be contacted at: wanghua_bisf@126.com © Emerald Group Publishing Limited 2016 Exchange rate volatility Effective exchange rate Spatial effects G22 G15 N25 The exchange rate has essential effects on import and export trades. The People’s Bank of China (PBOC) has...