This paper is among the first to investigate high-frequency herding tendencies among exchange traded funds (ETF) traders within the commodities asset class. Operating on 64 popularly traded and liquid ETFs spread across five sub-sectors from 2009 to 2021, we apply four different...

This systematic review examines the intricate relationship between digital transformation and the performance of firms and managers, and the economic conduits through which these influences propagate. Various analytical methods were utilized, including a thematic evolution map that revealed...

This paper evaluates artificial intelligence's (AI's) foray into financial markets and the resultant implications for theory and practice. I argue for reevaluating mainstream financial theories and proactively building governance frameworks. I also advocate for external audits and oversight that...

In this study, we use high-frequency microstructure components to explore commodity ETF herding. We employ a new GARCH model incorporating cross-sectional and market volatility at 15-, 30-, 45-, and 60-minute intervals. We document that during market instability and the COVID-19 pandemic,...

Tech enthusiasts and industry promoters allege that decentralized autonomous organizations (DAOs) confer a competitive advantage of traditional firms through increased efficiency, cost reduction, and scalability. To evaluate such claims systematically, we undertake a comprehensive GICS...

Analyzing extensive panel data from 2005 to 2022, we provide granular evidence on the heterogenous impacts of age and gender diversity on corporate risk appetite in firms listed in S&P Europe 350 index. An innovative quantile regression approach unmasks diversity’s contingent effects across...

Till date, empirical works on the utility of social media sentiments in predicting financial market outcomes have yielded mixed results. This paper contributes to this discourse by providing new insights into the limited salience of uncertainty sentiments on Twitter for a broad range of...

Purpose: The purpose of this study is to examine the efficiency and productivity performance of zakat funds managed by Directorates of Religious Affairs and Endowments (DRAE) in Algeria. Design/methodology/approach: In this study, the authors employ data envelopment analysis and measure...

Purpose: This paper aims to investigate the value of information content and informativeness of the analyst report for Sharīʿah-compliant shares in Malaysia. Design/methodology/approach: The authors use a sample of 657 daily published analyst reports on Sharīʿah-compliant shares from 2010...