econ papers | Gist.Science

Expert financial communication and market response: Evidence from analyst recommendation actions in China

This study demonstrates that in China's equity market, expert financial communication via analyst recommendation actions (upgrades, downgrades, and maintains) predicts subsequent market-adjusted returns more consistently than static recommendation levels, with the effect being particularly pronounced for smaller, less-covered stocks and reinforced by forecast revisions within reports.

Zitao Wei, Yeguang Chi2026-10-27

📈 economics

Overnight cryptocurrency downside and opening versus intraday equity returns in Southeast Asia

This study analyzes data from August 2020 to July 2026 across four Southeast Asian markets to demonstrate that while overnight cryptocurrency downside negatively impacts equity returns in all regions, the timing of this effect varies significantly, with Vietnam showing a predominant concentration of the association during intraday trading rather than at the market open.

Quan Pham, Xuan Phan2026-10-27

📈 economics

The Nexus between Logistics Management, Competitive Advantage, and Organizational Performance in SMEs: Evidence from the Jordanian Fabric Sector

Drawing on the Resource-Based View and data from 130 Jordanian fabric SMEs, this study reveals that while logistics management significantly enhances both competitive advantage and organizational performance directly, it does not significantly mediate performance through competitive advantage, suggesting that firm-level capabilities may impact outcomes via pathways other than competitive advantage in this specific developing-economy context.

Amer alqudah2026-10-27

📈 economics

Bayesian Modeling of Corporate Financial Distress Risk in Emerging Markets with Evidence from Moroccan Firms

This study proposes and validates a Bayesian hierarchical logistic model using MCMC simulation to enhance the prediction of corporate financial distress among Moroccan listed firms, demonstrating superior predictive stability and uncertainty quantification compared to traditional methods in the context of emerging market volatility.

Oumaima ABOUZAID2026-10-27

📈 economics

Environmental Digital Capability in Mandated Industry 4.0 Implementation at HAL and BEL

This study analyzes environmental digital capability in HAL and BEL under a government-mandated Industry 4.0 framework using 2025 administrative data, revealing that while environmental implementation trajectories align with adjusted production indices, significant gaps persist between digital implementation scores and actual environmental outcomes, underscoring the need to distinguish between maturity metrics and measured sustainability improvements.

Catherene Julie Aarthy C, Smriti Verma2026-10-27

📈 economics

Empirical Evaluation of Trend Filters and Exit Configurations in a Renko-Based Algorithmic Trading System

This study empirically evaluates a Renko-based algorithmic trading strategy on BTC/USD data, finding that while all six trend-filter configurations yielded positive simulated profits with a base reverse-logic exit, they all resulted in losses when paired with a specific explicit risk-management configuration, highlighting a critical sensitivity to exit architecture.

Venkata Maheswara Rao Atchula, Pawan Kumar Pareek2026-10-27

📈 economics

Circumventing EU Sanctions through Third-Country Refining: Evidence from Russian Oil Trade

Using a gravity-model and event-study framework, this paper provides evidence that China, India, and Turkey have acted as key intermediaries in circumventing EU sanctions by importing Russian crude oil and exporting refined products to the EU following the 2022 restrictions.

Tadashi Ito, Kiyoyasu Tanaka2026-10-27

📈 economics

Policy architectures for electric mobility

This article analyzes how distinct policy architectures in Norway, the Netherlands, and Quebec shape electric mobility adoption, arguing that durable electrification depends less on isolated incentives than on the strategic combination, sequencing, and recalibration of diverse regulatory and economic instruments within specific institutional contexts.

Antunes Muaquesse2026-10-27

📈 economics

On the Representation of Option Prices with Stochastic Interest Rates

This paper proposes a general representation formula for pricing vanilla options under stochastic, correlated interest rates that serves as an alternative to the Change of Numéraire method, providing semi-analytical approximations for affine models and a variance-reduced Monte Carlo estimator validated by numerical experiments.

First Fabio Antonelli, Second Alessandro Ramponi2026-10-27

📈 economics

Assessing reskilling programs to manage the European green transition

This study demonstrates that individually tailored reskilling programs, which leverage workers' existing transferable skills, are significantly more effective than standardized green or digital training in managing Europe's labor market transition, ultimately reducing aggregate income losses and highlighting the need for region-specific policies rather than funding based solely on the number of at-risk jobs.

Clara Krämer, Felix Zaussinger, Florian Egli2026-10-27

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