Studies in Economics and Finance: Volume 40 Issue 2

Asymmetric effects of economic policy uncertainty on Bitcoin’s hedging power

Md Hakim Ali, Christophe Schinckus, Md Akther Uddin, Saeed Pahlevansharif

Even though Bitcoin has been often labelled as a safe haven asset class in the literature, the influence of economic policy uncertainty (EPU) on the diversifying opportunities…

Insiders’ characteristics and market timing capabilities: buying and selling evidence

Dinis Daniel Santos, Paulo Gama

This paper aims to study individual managers’ market timing capabilities while trading (either buying or selling) stock from their portfolios, as well as the impact of gender…

Underdiversification puzzle, volatility puzzle and equity premium puzzle: a common solution

Kavous Ardalan

The purpose of this paper is to use some of the contributions of the option pricing theory to solve three outstanding puzzles in finance: the underdiversification puzzle, the…

Size premium or size discount? – A dynamic capital mobility based interpretation

Garrison Hongyu Song

The size effect that there exist return differences between small market-cap firms and large market-cap counterparts in the stock market has become one of the most controversial…

A note on financial literacy among literate people and their participation in different securities market segments

Carlos Francisco Alves

This paper aims to investigate the relationship between perceived and actual financial literacy, among generally literate people, pertaining to market participation and market…

Risk hedging properties of infrastructure: a quantile regression approach

Surbhi Gupta, Anil K. Sharma

This paper aims to examine the hedge, diversifier and safe haven properties of the global listed infrastructure sector and subsector indices against two traditional asset classes…

Analysis of the dynamic return and volatility connectedness for non-ferrous industrial metals during the COVID-19 pandemic crisis

Zaghum Umar, Francisco Jareño, Ana Escribano

This paper aims to examine the dynamic return and volatility connectedness for six major industrial metals (tin, lead, nickel, zinc, copper and aluminium) and the coronavirus…

VIX and major agricultural future markets: dynamic linkage and time-frequency relations around the COVID-19 outbreak

Ran Lu, Hongjun Zeng

The purpose of this paper is to examine the volatility spillover and lead-lag relationship between the Chicago Board Options Exchange volatility index (VIX) and the major…

The interrelationships between bank risk and market discipline in Southeast Asia

Dat T. Nguyen, Tu Le

The purpose of this study is to examine whether a bidirectional relationship between bank risk and market discipline may exist in Southeast Asia.

Revisiting Uzawa–Lucas with public human capital spending and productivity heterogeneity

Quoc Hung Nguyen

This paper aims to study the effects of public human capital spending on growth under the presence of financial frictions and productivity heterogeneity. In addition, this paper…