The article identified the countries which are more successful than others to control the COVID-19 pandemic so far, and then identified the possible factors for variations of such successes. Though, such initial success may not last for long due to another fresh outbreak of the disease, but the...

This paper examines the random walk hypothesis (RWH) by testing the weak-form of efficiency of twelve Arab stock markets. These markets to include: Saudi Arabia, Amman, Kuwait, Dubai, Abu Dhabi, Egypt, Morocco, Tunisia, Qatar, Oman, Bahrain and Palestine. The study utilized parametric and...

A landmark achievement of the Uruguay Round, and notably, the Agreement on Agriculture, was the full inclusion of agriculture in multilateral rules and disciplines. Since the birth of World Trade Organization (WTO), a significant number of member countries have used the dispute settlement...

In this paper, we analyze the connectedness between the recent spread of COVID-19, oil price volatility shock, the stock market, geopolitical risk and economic policy uncertainty in the US within a time-frequency framework. The coherence wavelet method and the wavelet-based Granger causality...

A core element of most analyses of how capitalism is failing us is the shareholder primacy doctrine that has taken hold of corporate law and corporate governance. The doctrine has been developed in theory (among others through the agency theory) and practice (e.g. executive remuneration and...

This paper investigates the role of the intensity and relevance of ESG materiality in equity returns. Adopting the classifications of materiality provided by the Sustainability Accounting Standards Board (SASB), the paper introduces the concept of the financial relevance and financial intensity...

Consistent with the original evidence in Komla and Agudze (2019) and as documented in the preceding regressions, we find that, in the period of low oil price regime, the dollar-won basis and crude oil prices exhibit negative comovements, so that marginal increases in oil prices relate to wider...

Uncertainty about government economic policies (GEPU) leads economic agents to act cautiously. In this paper, we postulate that such GEPU leads banks to hoard higher amount of liquid assets as a precautionary motive. Using bank-level data from 21 countries over the period 1998-2018, we find that...

Researchers who have been concerned with the economic implications of military spending have mostly concentrated on its impact on economic growth, corruption, real exchange rate and inflation. In this paper we investigate the impact of military spending on black market premium, an area that has...

Investigating the impact of institutional factors on macroeconomic variables has gained momentum in recent years. In this paper we investigate the impact of political rights and civil liberties on the black market premium on foreign exchange. After taking account of other important determinants...