Studies in Economics and Finance: Volume 41 Issue 1

Evolution of short-term contrarian profits

Xuebing Yang, Huilan Zhang

The purpose of this paper is to study the US stock market and try to explain why short-term contrarian profits have largely disappeared in the past two decades.

Capital structure and momentum strategies

George Li, Ming Li, Shuming Liu

The paper aims to investigate whether or not a firm’s capital structure can interact with past stock returns to affect future stock returns. Specifically, the authors examine…

Feedback trading in the cryptocurrency market

Mohamed Shaker Ahmed, Adel Alsamman, Kaouther Chebbi

This paper aims to investigate feedback trading and autocorrelation behavior in the cryptocurrency market.

The impact of bitcoin on gold, the volatility index (VIX), and dollar index (USDX): analysis based on VAR, SVAR, and wavelet coherence

Florin Aliu, Alban Asllani, Simona Hašková

Since 2008, bitcoin has continued to attract investors due to its growing capitalization and opportunity for speculation. The purpose of this paper is to analyze the impact of…

Financial risk tolerance of individuals from the lens of big five personality traits – a multigenerational perspective

Crystal Glenda Rodrigues, Gopalakrishna B.V.

This study aims to analyse the impact of the big five personality traits on the financial risk tolerance of individuals. Furthermore, it also examines the differences in…

Does the day-of-the-week effect exist in other asset classes? Investigation of the globally listed private equity markets

Marcel Steinborn

This study aims to investigate the day-of-the-week (DoW) effect in globally listed private equity (LPE) markets using daily data covering the period 2004–2021.

Exploring the relationship between digital trails of social signals and bitcoin returns

Tezer Yelkenci, Birce Dobrucalı Yelkenci, Gülin Vardar, Berna Aydoğan

This study aims to empirically investigate the linkages between digital trails of social signals (content and profile features of bitcoin-related tweets) and bitcoin price return…

Corporate shareholder value creation as contributor to economic growth

John Henry Hall

The purpose of this paper is to determine if there is a link between corporate shareholder value creation and economic growth. The first objective of this paper is to determine…

Does uncertainty promote exchange rate volatility? Global evidence

Muhammad Aftab, Maham Naeem, Muhammad Tahir, Izlin Ismail

Exchange rate volatility is an important factor affecting investors and policymakers. This study aims to examine the impact of uncertainties, in terms of changes in economic…

Testing for sign and size symmetry between futures prices and spot prices in the markets of energy commodities: risk diversification and policy implications

Dimitrios Panagiotou, Filio Naka

The purpose of this paper is to investigate for symmetries – in sign and size – between spot and futures prices in the markets of energy commodities.