IJFS, Vol. 12, Pages 39: Delaware Reincorporation and the Double-Exit Puzzle: Evidence from Post-Initial Public Offering Acquisitions International Journal of Financial Studies doi: 10.3390/ijfs12020039 Authors: Yang Xu Vincent Jia Xinze Qian Haizhi Wang Xiaotian Zhang Initial public offerings and mergers and acquisitions represent important opportunities for investors to exit and harvest their entrepreneurial success. Some firms are acquired shortly after their initial public offerings. This exit strategy is known as a double exit. In addition, issuing firms may choose to reincorporate in Del ..read more

IJFS, Vol. 12, Pages 40: Assessing the Circular Economy Funds: Performance, Fees, Risks, and Sustainability International Journal of Financial Studies doi: 10.3390/ijfs12020040 Authors: Fei Fang Sitikantha Parida We studied various fund investing options in the circular economy sector. We found that most circular economy mutual funds and exchange-traded funds charge higher fees and take higher risks than their benchmarks. However, they appear to have underperformed their benchmarks during their short existence so far. Most of these funds are rated as sustainable and low-carbon funds. Investors ..read more

IJFS, Vol. 12, Pages 37: The Impact of Financial Development on Renewable Energy Consumption: The Case of Vietnam and Other ASEAN Members International Journal of Financial Studies doi: 10.3390/ijfs12020037 Authors: Chien Van Nguyen The purpose of this study was to evaluate the impact of financial development and renewable energy consumption in Vietnam and some selected countries in Southeast Asia. After researching over the period from 1970 to 2022, using quantitative analyses, including the ordinary least squares (OLS), fixed effects method (FEM), and random effects method (REM), and measuri ..read more

IJFS, Vol. 12, Pages 38: Investigating ESG Funds in China: Management Fees and Investment Performance International Journal of Financial Studies doi: 10.3390/ijfs12020038 Authors: Michael C. S. Wong Wei Li This study investigates the association among management fees, ESG scores, and investment performance of ESG funds in China. It explores the significance of comprehending the cost–benefit analysis and long-term yields associated with sustainable investing. The investigation specifically concentrates on China’s open-end equity funds and uncovers some noteworthy dis ..read more

IJFS, Vol. 12, Pages 36: Data-Driven Sustainable Investment Strategies: Integrating ESG, Financial Data Science, and Time Series Analysis for Alpha Generation International Journal of Financial Studies doi: 10.3390/ijfs12020036 Authors: Afreen Sorathiya Pradnya Saval Manha Sorathiya In today’s investment landscape, the integration of environmental, social, and governance (ESG) factors with data-driven strategies is pivotal. This study delves into this fusion, employing sophisticated statistical techniques and Python programming to unveil insights often overlooked by traditional a ..read more

IJFS, Vol. 12, Pages 35: Synergizing Sustainability and Financial Prosperity: Unraveling the Structure of Business Profit Growth through Consumer-Centric Strategies—The Cases of Kosovo and Albania International Journal of Financial Studies doi: 10.3390/ijfs12020035 Authors: Enkeleda Lulaj Blerta Dragusha Eglantina Hysa Marian Catalin Voica This research investigates the synergistic relationship between sustainability and financial prosperity in businesses, specifically focusing on the impact of consumers on profit growth in Kosovo and Albania. The study aims to understand consumers&a ..read more

IJFS, Vol. 12, Pages 34: Forecasting Selected Commodities’ Prices with the Bayesian Symbolic Regression International Journal of Financial Studies doi: 10.3390/ijfs12020034 Authors: Krzysztof Drachal Michał Pawłowski This study firstly applied a Bayesian symbolic regression (BSR) to the forecasting of numerous commodities’ prices (spot-based ones). Moreover, some features and an initial specification of the parameters of the BSR were analysed. The conventional approach to symbolic regression, based on genetic programming, was also used as a benchmark tool. Secondly, var ..read more

IJFS, Vol. 12, Pages 33: Crowdfunding versus Traditional Banking: Alternative or Complementary Systems for Financing Projects in Portugal? International Journal of Financial Studies doi: 10.3390/ijfs12020033 Authors: Bruno Torres Zélia Serrasqueiro Márcio Oliveira In an era where crowdfunding in Portugal is garnering increased public attention, exemplified by notable campaigns like the recent funding of the nurses’ strike, we explore its potential as an alternative financial source to traditional banking. Through a comprehensive case study, we delve into pertinent issues, encompa ..read more

IJFS, Vol. 12, Pages 32: How Audit Fees Impact Earnings Management in Service Companies on the Amman Stock Exchange through Audit Committee Characteristics International Journal of Financial Studies doi: 10.3390/ijfs12020032 Authors: Ayman Shehadeh Mahmoud Daoud Daoud Nassar Husam Shrouf Mohammad Haroun Sharairi The primary objective of this research was to investigate the potential moderating role of audit fees in the relationship between audit committee characteristics and earnings management. Specifically, this study aimed to establish connections between audit committee features, such as c ..read more

IJFS, Vol. 12, Pages 31: A Stochastically Correlated Bivariate Square-Root Model International Journal of Financial Studies doi: 10.3390/ijfs12020031 Authors: Allan Jonathan da Silva Jack Baczynski José Valentim Machado Vicente We introduce a novel stochastically correlated two-factor (i.e., bivariate) diffusion process under the square-root format, for which we analytically obtain the corresponding solutions for the conditional moment-generating functions and conditional characteristic functions. Such solutions recover verbatim those of the uncorrelated case which encompasses a range of proce ..read more