Purpose – The purpose of this paper is to examine how financial characteristics associated with the choice of a big audit firm with further investigation on the agency costs of free cash flows.Design/methodology/approach – The sample used for this work includes industrial listed companies...

This paper demonstrates the use of Random Regression Forests (RRF) for optimal lag selection. Using an extended sample of 144 data series, of various data types with different frequencies and sample sizes, we perform optimal lag selection using RRF and compare the results with seven...

Using data of the constituents of the MSCI USA ESG leader index, this study investigates the herding behavior in the US ESG stocks over the period from January 03, 2007 to September 30, 2020. Our results reveal a significant herding behavior in the US ESG leader stocks. Our findings also show...

We use wavelet coherence analysis on global COVID-19 fear index and soft commodities spot and futures prices to investigate safe-haven properties of soft commodities during the period of novel Corona virus pandemic. The results show that staple food soft commodities (wheat, corn, and cocoa) and...

Design/methodology/approach: We employ machine-learning tools to build a happiness function and integrate it in an agent-based model to test for the direct and indirect welfare effects of implementing Islamic banking principles. Purpose : We model the benefits of Islamic banking on the...

This study analyses the dynamics of intentional and fundamental herding and its non-linear determinants in the North-American energy market using state-space models and quantile-on-quantile regression technique. Our findings demonstrate significant presence of herding in North-American energy...

Spread's predictive ability is reviewed by implementing a number of linear and probit models. We conduct a comparative analysis of the forecasting performance of various specifications by focusing on the last three major US economic slowdowns. The results indicate that although linear models are...

The purpose of this paper is to present an innovative model to evaluate the fair price of a subset of structured products for a hypothetical US structured bond with coupons. Assuming that interest rates are described by the Cox-Ingersoll-Ross process we use an Euler-Maruyama scheme to price...