Based on a three-factor international capital asset pricing model, we examine whether the world market, the local market and the currency risks are priced in the Canadian equity market. The analysis presented in this paper is based on data collected from 2003 to 2010. As the dataset also...

Using weekly data from 2003 to 2011, this paper examines the presence of exchange rate exposure in thirteen Canadian industry sectors. This study contributes to the literature in a number of ways: (i) it considers the presence of exposure not only in the full sample but also in the pre and...

This paper aims to extend the existing literature on foreign exchange rate risk pricing. Unlike the existing studies on Canada, we use six alternative bilateral and one multilateral exchange rate proxies. Furthermore, using both a two-factor and a three-factor capital asset pricing model (CAPM),...

This study investigates the impact of foreign direct investment (FDI) on bank stability in the Gulf Cooperation Council (GCC) region, differentiating between Islamic and conventional banks. The results reveal a negative relationship between FDI and bank stability, and Islamic banks can mitigate...

This study explores the impact of real economic policy (business condition risk) on the oil-stock nexus risk connectedness during the COVID-19 pandemic. It uses multivariate wavelet coherency and partial wavelet coherency methods to isolate the effects of global risk indices, such as the US...

This study explores whether the COVID-19 outbreak and Russian-Ukrainian (R-U) confict have impacted the efciency of cryptocurrencies. The novelty of this study is the use of the Cramér-von Mises test to examine cryptocurrency efciency. We used a sample of daily prices for the six largest...

The question of whether corporate debt can impact free-floating shares and stock liquidity is still a controversial research topic until recently. Using a sample of the 411 largest US non-financial firms over the period 2007-2017, our analysis shows that more corporate debt weakens the influence...

A number of existing empirical studies have attempted to estimate the foreign direct investment-related productivity spillover effects to domestic firms in host economies using various methodologies and measures of FDI. This literature has produced mixed results. While some studies found...

This study employs spatial econometric techniques to examine the heterogeneous effects of foreign direct investment (FDI) on industrialization across China's four major regions - East, Central, West, and Northeast - using panel data from 31 provinces (1998-2016). Our findings reveal significant...