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Mendel FinAct

Publications

 

Publications since 2021

Q1 journals

  • ALBRECHT, P., KOČENDA, E., OLIVEIRA, A. S., CERETTA, P. S., DRABEK, M., 2025. Event-driven changes in connectedness among commodities and commodity currencies: A quantile, network and probabilistic analysis. Research in International Business and Finance, 75: 102781. 
    Link to the publication
  • SUCHANEK, P., BUCICOVA, N., 2025. The customer satisfaction model in the mobile telecommunications sector after Covid-19 pandemic. PLoS ONE, 20(1): e0317093. 
    Link to the publication 
  • ALBRECHT, P., KOČENDA, E., 2024. Volatility connectedness on the Central European forex markets. International Review of Financial Analysis, 93:103179
    Link to the publication
  • ESTRIN S., HANOUSEK J., SHAMSHUR A., 2024. Does it matter who owns firm? Evidence on the impact of supermajority control on private firm in Europe. International Review of Financial Analysis, 95: 103427. 
    Link to the publication 
  • HORKY, F., FIDRMUC, J., 2024. Financial development and renewable energy adoption in EU and ASEAN countries. Energy economics. 131(March), 107368. ISSN 0140-9883. 
    Link to the publication
  • MURASCU, M., HORKY, F., STRANGO, C., 2023. Good or bad? Digitalisation and green preferences. Energy Economics, 121 (C).
    Link to the publication
  • FLANNERY M., HANOUSEK J., SHAMSHUR A., TRESL J., 2022. M&A Activity and the Capital Structure of Target Firms. Journal of Financial and Quantitative Analysis, 1-32.
    Link to the publication  
  • HANOUSEK, J., Jr., JO, H., PANTZALIS, CH., PARK, J. CH., 2023. A Dilemma of Self-interest vs. Ethical Responsibilities in Political Insider Trading. Journal of Business Ethics. 187(1), 137-167. ISSN 0167-4544.
    Link to the publication
  • FERRIS, S. P., HANOUSEK, J., TRESL, J., 2021. Corporate profitability and the global persistence of corruption. Journal of Corporate Finance, 66, 101855.
    Link to the publication
  • HANOUSEK, J., SHAMSHUR, A., SVEJNAR, J., TRESL, J., 2021. Corruption level and uncertainty, FDI and domestic investment. Journal of International Business Studies, 52(9), 1750-1774.
    Link to the publication
  • HORVÁTHOVÁ E., BADURA T., DUCHOVÁ H., 2021. The value of the shading function of urban trees: A replacement cost approach. Urban Forestry & Urban Greening, 62.
    Link to the publication
  • FIDRMUC, J., LIND, R., 2020. Macroeconomic impact of Basel III: Evidence from a meta-analysis. Journal of Banking & Finance, 112 (C).
    Link to the publication

Q2 journals

  • ALBRECHT, P., KOČENDA, E., 2025. Event-driven changes in volatility connectedness in global forex markets. Journal of Multinational Financial Management. 77:100896.
    Link to the publication
  • SUCHÁNEK, P., ČINČALOVÁ, S., 2024. The relationship of consumer psychology and consumer experience to consumer satisfaction and organisational performance: literature review. Cogent Business & Management, 11(1). 
    Link to the publication
  • KVÍČALA, D., KRÁLOVÁ, M., SUCHÁNEK, P., 2024. The impact of online purchase behaviour on customer lifetime value. Journal of Marketing Analytics. 
    Link to the publication
  • FIDRMUC, J., REICHLE, P., RECK, F., 2023. The Sharing Economy and its Effects on Housing Markets in Selected European Cities. Journal of Housing Economics, 60, 101914.
    Link to the publication
  • FRENSCH R., FIDRMUC J., RINDLER M., 2023. Topography, borders and trade across Europe. Journal of Comparative Economics.
    Link to the publication
  • HORKY, F., MUTASCU, M., FIDRMUC, J., 2023. Oil and Renewable Energy Returns during Pandemic. Environmental Science and Pollution Research, 30(10), 25836 – 25850.
    Link to the publication
  • HORKY, F., KRELL, F., FIDRMUC, J., 2023. Setting the stage: Fairness behavior in virtual reality dictator games. Journal of Behavioral and Experimental Economics, 107, 102114.
    Link to the publication
  • HORKY F., RACHEL C., FIDRMUC J., 2023. Price determinants of non-fungible tokens in the digital art market. Finance Research Letters, 48, 103007.
    Link to the publication
  • KORÁB, P., FIDRMUC, J., DIBOOGLU, S., 2023. Growth and inflation tradeoffs of dollarization: Meta-analysis evidence. Journal of International Money and Finance, Elsevier, 137(C). 
    Link to the publication
  • OLIVEIRA, A. S., CERETTA, P. S., ALBRECHT, P., 2023. Performance comparison of multifractal techniques and artificial neural networks in the construction of investment portfolios. Finance Research Letters, Elsevier, vol. 55(PA).
    Link to the publication
  • PASTOREK, D., 2023. Euro area Uncertainty and Euro Exchange Rate Volatility: Exploring the Role of Transnational Economic Policy. Finance Research Letters, 58(C), 104351.
    Link to the publication
  • BROCKMAN, P., HANOUSEK, J., TRESL, J., UNLU, E., 2022. Dividend Smoothing and Fim Valuation. Journal of Financial and Quantitative Analysis, 57(4), 1621-1647. 
    Link to the publication
  • BĚLÍN, M., HANOUSEK, J., 2021. SFA robustness to violated distributional assumptions: theory, simulations and empirical evidence. Applied Economics. 53(39), 4544-4559. 
    Link to the publication
  • BĚLÍN, M., HANOUSEK, J., 2021. Which sanctions matter? Analysis of the EU/russian sanctions of 2014. Journal of Comparative Economics. 49(1), 244-257. ISSN 0147-5967.
    Link to the publication

Q3 journals

  • OLIVIERA, A., S., CERETTA, P., PASTOREK, D., 2024. An experiment with ANNs and Long-Tail Probability Ranking to Obtain Portfolios with Superior Returns. Computational Economics, 65, 1819-1853.
    Link to the publication
  • KUKUČKOVÁ, S., BAKOŠ, E., SAMSONOVÁ, G., 2024. Intensity and fragility of Czech participatory budgeting during the Covid 19 crisis. Public Money & Management, 45(4), 360-368.
    Link to the publication
  • KASZAB, L., MARŠÁL, A., RABITSCH, K., 2024. Asset pricing with costly and delayed firm entry. Macroeconomic Dynamics. 28(4), 855-879. ISSN 1365-1005. 
    Link to the publication
  • KOHRT, L., HORKÝ, F., FIDRMUC, J., 2024. Exchange Rates in Emerging Markets in the First Wave of the Covid-19 Pandemic. Eastern European Economics. 62(2), 165-186. ISSN 0012-8775. 
    Link to the publication
  • VÖGELE, J.-F., RECK, F., FIDRMUC, J., 2024. The Drug War and Regional Social Capital in Mexico. Journal of International Development. 36(2), 990-1006. ISSN 0954-1748. 
    Link to the publication
  • FIDRMUC, J., HORKÝ, F. 2023. Experience and Firms’ Financing Behavior: A Behavioral Perspective. German Economic Review, In Press.
    Link to the publication
  • HORKY, F., DUBBICK, L., RHEIN, F., FIDRMUC, J., 2023. Don’t miss out on NFTs?! A sentiment-based analysis of the early NFT market. International Review of Economics & Finance, 88, 799-814.
    Link to the publication
  • LITZMAN M., KUKUČKOVÁ S., GROCHOVÁ ISSEVER L., ROZMAHEL P., 2023. Examining the spatial spillover of gambling regulation in the Czech Republic, International Gambling Studies. 
    Link to the publication 
  • KAPOUNEK, S., KUČEROVÁ, Z., KOČENDA, E. 2022. Selective Attention in Exchange Rate Forecasting. Journal of Behavioral Finance.
    Link to the publication
  • KASZAB L., MARSAL A., RABITSCH K., 2022. Asset Pricing with Free Entry and Exit of Firms. Economics Letters, 217, 110648.
    Link to the publication
  • HARTWELL, Ch., HORVATH, R., HORVÁTHOVÁ, E., POPOVA, O., 2022. Natural resources and income inequality in developed countries: synthetic control method evidence. Empirical Economics, 62(2), 297-338.
    Link to the publication
  • FERRIS, S., HANOUSEK, J., HOUSTON, R., 2021. Contractor default: Predictions and penalties in the procurement process. Annals of Public and Cooperative Economics, 93(4), 1001-1039.
    Link to the publication
  • DIBOOGLU, S., KAPOUNEK, S. 2021. The US Current Account, Sustainability, and the International Monetary System. Economic Systems, 45 (4).
    Link to the publication
  • FIDRMUC, J., DEGLER, M., 2021. Temporal and spatial dependence of interregional risk sharing: Evidence from Russia. Macroeconomic Dynamics, 25(1), 178-200.
    Link to the publication

Q4 journals (selected)

  • ALBRECHT, P., MARŠÁLKOVÁ, L., DORŇÁK, P., 2023. News about COVID-19: Unraveling the Market Reactions and Investor Sentiment across Different Stock Exchanges. Ekonomický časopis, 71(4-5), 281-299.
    Link to the publication
  • KUČEROVÁ, Z., KAPOUNEK, S., FIDRMUC, J. 2023. Time–Frequency Analysis of Cryptocurrency Attention. Investment Analysts Journal.
    Link to the publication
  • STEJSKALOVÁ, J., 2023. Behavioral Attention by Google Trends: Evidence from the Car Industry. Ekonomický časopis, 71 (3), 202-221.
    Link to the publication
  • PASTOREK D., DRÁBEK M., ALBRECHT P., 2023. Confirmation of T+35 Failures-To-Deliver  Cycles:  Evidence  from  GameStop  Corp. Czech Journal of Economics and Finance (Finance a uver), 73(1), 56-80.
    Link to the publication
  • PASTOREK, D., MAZŮRKOVÁ, D., 2023. The Heterogeneity of European Bank Lending and the Role of Economic Policy Uncertainty. Ekonomický časopis, 71(3), 258-278.
    Link to the publication
  • KAPOUNEK, S., STEJSKALOVÁ, J., 2023. Tax News: Evidence from Google Searches and News Coverage. Finance a úvěr-Czech Journal of Economics and Finance, 73(4), 330-350.
    Link to the publication
  • STEJSKALOVÁ, J., 2023. Behavioral Attention by Google Trends: Evidence from the Car Industry. Ekonomický časopis. 71(3), 202-221. ISSN 0013-3035. 
    Link to the publication
  • KOHRT L., HORKY F., FIDRMUC J., 2022. Exchange Rates in Emerging Markets in the First Wave of the Covid-19 Pandemic. Eastern European Economics, 1-22.
    Link to the publication
  • ALBRECHT, P., KAPOUNEK, S., KUČEROVÁ, Z., 2022. Economic policy uncertainty and stock markets’ co-movements. International Journal of Finance & Economics ,1-17.
    Link to the publication
  • KAJUROVÁ V., VÁGNEROVÁ LINNERTOVÁ D., 2022. The Nexus between Monetary Policy and Commercial Lending Rates: Comprehensive Evidence from Czechia during Different Policy Stances. Eastern European Economics, 60 (4), 330-351.
    Link to the publication
  • KAPOUNEK, S., HANOUSEK, J., BÍLÝ, F., 2022. Altman Z-score bankruptcy prediction performance of the European private companies. Politicka Ekonomie, 2022 (3), 265-287.
    Link to the publication
  • DAVID, P., LITZMAN, M., ROZMAHEL, P. 2022. The Real Effect of the Czech Tax Policy for Combating the Tobacco Epidemic. Ekonomický časopis. 70(7-8), 589-602. ISSN: 0013-3035
    Link to the publication
  • BAIDOO, K. B., 2021. Asymmetric Effects of Long and Short Selling Positions: Evidence from US Stock Markets. Finance a úvěr-Czech Journal of Economics and Finance, 71(4), 306-322.
    Link to the publication
  • CUIPING, Ch., FIDRMUC, J., RECK, F., 2021. M&As and Price Manipulations in China. Ekonomický časopis, 69(3), 223-236.
    Link to the publication
  • DAVID, P., 2021. The Relationship between Road Tax Rate Reduction Depending on Vehicle Age and Emission Parameters of Taxed Vehicle Categories in the Czech Republic. Ekonomický časopis, 69(8), 775-795. ISSN 0013-3035. 
    Link to the publication
  • FIDRMUC, J., MOROZ, S., RECK, F., 2021. Regional risk-sharing in Ukraine. Empirica. 48(3), 645-660.
    Link to the publication
  • FIEDLER, P., FIDRMUC, J., RECK, F., 2021. Automation, Digitalization, and Income Inequality in Europe. Finance a úvěr-Czech Journal of Economics and Finance, 71(3), 203-219.
    Link to the publication 

Forthcoming publications

Working progress

  • BROGGARD, J., HANOUSEK, J., Jr., HANOUSEK, J., SOKOLOV, K. "Transaction size puzzle in the corporate bonds market"

  • FERRIS, S. P., HANOUSEK, J., Jr., HANOUSEK, J., STEJSKALOVA, J. "The Power of the Crowd: Retail Investors and the Cost of Capital."

  • HANOUSEK, J., HRAMIAK, I., MEGGINSON, W., SHAMSHUR, A. "Corporate Performance and Policies Under Scrutiny: Guilty by Association?"

  • HANOUSEK, J., HANOUSEK, J., Jr., SHAMSHUR, A., WILLIAMS, J. "International tax policies, global minimum tax rate, and their impact on capital structure decisions of MNCs"

  • HANOUSEK, J., MADZHAROVA, B. "Poland's Special Economic Zones: Effects on Regional Economic Development"

  • HANOUSEK, J., PLECITÁ, K. "Carbon emissions, EU firm performance and future"

  • HANOUSEK, J., HANOUSEK, J., Jr., MIKULKA, J., SOKOLOV, K. "Keeping users addicted: Does gamification affect people's risk profile?"

  • HANOUSEK, J., HANOUSEK, J., Jr., JANDÍK, T. "BG structure and asymmetric information" 

  • HANOUSEK, J., HANOUSEK, J., Jr., SVOBODA, D. "Social media sentiment and role of bots"

  • HANOUSEK, J., Jr., FERRIS, S., P., HANOUSEK, J. "Behind Closed Doors: Legislative Information Asymmetry as a Political Risk for Firms?"

  • HASÍKOVÁ, I., HANOUSEK, J. "VAT (non)compliance in the EU: Damaging corruption and shadow economy spillovers vs. government effectiveness and efficiency"

  • PASTOREK, D. "Hidden Signals: Uncovering the Information Power of ETF Failures to Delivery Structures"

  • SVOBODA, D., KAPOUNEK, S., ALBRECHT, P. “Investor Sentiment, Short Selling, and Short Squeeze Predictions”. 

  • KUKUČKOVÁ, S., LITZMAN, M. Assessing Participatory Budgeting's Impact on Voter Turnout - a Quasi-Experimental Analysis. Evidence from the Capital City of Prague.
  • BENKOVÁ, N., KUKUČKOVÁ, S. Understanding Voting in Participatory Budgeting through Behavioral Economics: The Influence of Project Design.
  • BAKOŠ, E. LITZMAN, M., KUKUČKOVÁ, S. Participatory Budgeting and Electoral Engagement: Unveiling the Impact of Local Elections.
  • POLÁCHOVÁ, M., KUKUČKOVÁ, S., LITZMAN, M. Can the choice of voting method promote the active paricipation of the population in decision-making? The case of participatory budgeting. 

Submitted

  • ALBRECHT, P., KOČENDA, E., PASTOREK, D.  Geopolitical risk and extreme spillovers among oil-based commodities. Submitted to the Energy Economics.

  • HANOUSEK, J., Jr., HANOUSEK, J., SOKOLOV, K. X Bots and Earnings Announcements. Submitted to Review of Financial Studies.

  • HANOUSEK, J., Jr., FERRIS, S., P.,  FLANNERY, M. J., HANOUSEK, J., KAPOUNEK, S. The “Cinderella” Effect in Business Groups: Choosing which Subsidiary Firms to Support. Submitted to the Review of Accounting Studies.

  • HANOUSEK, J., Jr., FERRIS, S., P., HANOUSEK, J. Peering into the Crystal Ball: The Information Content of Legislative Trading. Submitted to Journal of Financial and Quantitative Analysis.

  • HANOUSEK, J., MADZHAROVA, B. Poland’s Special Economic Zones: Effects on Regional Economic Development. Submitted to European Economic Review.

  • PASTOREK, D., KAPOUNEK, S. The Systemic Nature of Economic Policy Uncertainty in the European Union. Submitted to Finance Research Letters. 

  • SUCHÁNEK, P., KÁRLOVÁ, M. Generative AI expectation and experience in management study: The case of ChatGPT in student satisfaction. Submitted to Journal of Innovation & Knowledge.
  • SUCHÁNEK, P., KÁRLOVÁ, M. Business performance as a relationship between models of customer satisfaction and financial performance. Submitted to SAGE open

Under review

  • ALBRECHT, P., MAŇOUŠEK, D., PATOREK, D. Riding the Waves of Crypto Sentiment: Examining the Dynamics between Returns and Sentiment in the Cryptocurrency Market. Accepted with minor revision in Czech Journal of Economics and Finance. 

  • ALBRECHT, P., KOČENDA, E., PASTOREK, D. Quantile Connectedness and Portfolio Implications of Permanent and Transitory Shocks in Oil-Based Energy Commodities. Under review in Energy Economics.

  • FIDRMUC, J., HAINZ, Ch., HÖLZL, W. Individual Credit Market Experience and Perception of Aggregate Bank Lending: Evidence from a Firm Survey. Under review in Scandinavian Journal of Economics.

  • HANOUSEK, J. Jr., HANOUSEK, J., MIKULKA, J.,  WILLIAMS, J. Early Outcomes and Future Risk-Taking: Evidence From a Large Gambling Provider. Prepared for Review of Financial Studies.

  • HORVÁTH, R., KAPOUNEK, S. Financial Market Uncertainty in the US: Measurement, Trends, and Effects. Prepared for Journal of Banking & Finance.

  • OLIVEIRA, A. S., CERETTA, P. S., ALBRECHT, P. Value investing or quantitative financing: portfolio decisions based on a new efficient frontier concept. Under review in Expert Systems with Applications.   

  • OLIVEIRA, A. S., CERETTA, P. S., ALBRECHT, P.  Financial literacy: cross-country analysis between Brazil and the Slovak Republic. Under review in Journal of Economics.

  • OLIVEIRA, A. S., CERETTA, P. S., ALBRECHT, P.  Multifractal and Neural Network Approaches to Portfolio Management: A Case Study of the BRICS Stock Markets. Under review in Quarterly Review of Economics and Finance.

  • PASTOREK, D., ALBRECHT, P. Risk Without Reward? The Introduction of Bitcoin spot ETFs. Under review in Journal of International Money and Finance.

  • SEDLÁKOVÁ, L., ALBRECHT, P. Employment of people with disabilities: Overcoming the "simple" economic motivation of companies in favor of societal benefits. Under review in Czech Sociological Review.        

  • SEDLÁKOVÁ, L, ALBRECHT, P., PASTOREK, D. The Effect of Oil Prices on State Owned and Publicly Traded Companies. Under review in International Review of Financial Analysis.