Dr. Elie Bouri

Professor

Email: elie.elbouri@lau.edu.lb
Ext: 2840
Frem Civic Center 509
LAU Byblos Campus

View CV

Dr. Elie Bouri is a professor of finance at the Lebanese American University. A prolific researcher in financial economics, empirical finance, energy finance and cryptocurrencies, his work has been published in top-tier international journals and featured in Forbes, the CFA Digest and other outlets. His findings have been presented at major international conferences and discussed at leading institutions.

He was named to Clarivate Analytics’ Highly Cited Researchers list in the economics and business category for three consecutive years: 2021, 2022 and 2023. Since 2019, he has been ranked among the top 2 percent of the most cited scientists globally, according to the Stanford–Elsevier list. In recognition of his contributions to the field, he received the 2024 Abdul Hameed Shoman Foundation Arab Researchers Award in Economics and Administration Sciences.

As of June 2025, Dr. Bouri is ranked 10th among the top 10 percent of authors worldwide based on publications over the past 10 years, according to RePEc.

Teaching interests

• Investment Analysis
• Financial Markets
• Portfolio Management

Research Interests

• Empirical finance
• Energy finance
• Cryptocurrencies
• Asset volatility
• Dynamic relationships across markets and safe-haven assets

Peer-reviewed Journal articles

• Bouri E., Gkillas K., Gupta R., & Kyei C. (2020). Monetary Policy Uncertainty and Jumps in Advanced Equity Markets. Journal of Risk, 23(1), 101-112. https://doi.org/10.21314/JOR.2020.441. 
• Alqahtani A., Bouri E., & Vo X.V. (2020). Predictability of GCC stock returns: the role of geopolitical risk and crude oil returns. Economic Analysis and Policy, 68, 239-249. https://doi.org/10.1016/j.eap.2020.09.017
• Xu, Y., Bouri, E., Saeed T., & Wen, Z. (2020). Intraday return predictability: Evidence from commodity ETFs and related volatility indices. Resources Policy, 69, 101830. https://doi.org/10.1016/j.resourpol.2020.101830. 
• Shahzad S.J.H., Bouri E., Ahmad T., Naeem M.A., & Vo X.V.  (2020). The pricing of bad contagion in cryptocurrencies: A four-factor pricing model. Finance Research Letters, 41, 101797. https://doi.org/10.1016/j.frl.2020.101797
• Bouri E., Lucey B., Saeed T., & Vo X.V. (2020). Extreme spillovers across Asian-Pacific currencies: A quantile-based analysis. International Review of Financial Analysis, 72, 101605. https://doi.org/10.1016/j.irfa.2020.101605
• Mokni, K., Ajmi, A.N., Bouri, E., & Vo, X.V. (2020). Economic policy uncertainty and the Bitcoin-US stock nexus. Journal of Multinational Financial Management, 57–58, 100656. https://doi.org/10.1016/j.mulfin.2020.100656
• Balcilar M., Bouri E., Gupta R. & Wohar M.E. (2020). Mortgage Default Risks and High-Frequency Predictability of the US Housing Market:  A Reconsideration. Journal of Real Estate Portfolio Management, 26(2), 111-117.  https://doi.org/10.1080/10835547.2020.1854606
• Saeed T., Bouri E., & Alsulami, H. (2020). Extreme return connectedness and its determinants between clean/green and dirty energy. Energy Economics, 96, 105017. https://doi.org/10.1016/j.eneco.2020.105017
• Balcilar M., Bouri E., Gupta R., & Kyei C.K. (2021). High-Frequency Predictability of Housing Market Movements of the United States: The Role of Economic Sentiment. Journal of Behavioral Finance, 22(4), 490-498. https://doi.org/10.1080/15427560.2020.1822359
• Dawar I., Dutta A., Bouri, E., & Saeed T. (2021). Crude oil prices and clean energy stock indices: lagged and asymmetric effects with quantile regression. Renewable Energy, 163, 288-299. https://doi.org/10.1016/j.renene.2020.08.162  
• Bouri E., Dutta, A. & Saeed T. (2021). Forecasting Ethanol Price Volatility under Structural Breaks. Biofuels, Bioproducts & Biorefining, 15(1), 250–256. https://doi.org/10.1002/bbb.2158
• Gupta R., Subramaniam S., Bouri E., & Ji Q. (2021). Infectious Diseases-Related Uncertainty and the Safe-Haven Characteristic of the US Treasury Securities. International Review of Economics and Finance, 71, 289-298. https://doi.org/10.1016/j.iref.2020.09.019
• Zhang, Y.-J., Bouri, E., Gupta, R., & Ma, S.-J. (2021). Risk spillover between Bitcoin and financial markets: An expectile-based approach. North American Journal of Economics and Finance, 55, 101296. https://doi.org/10.1016/j.najef.2020.101296  
• Kumar A., Badhani K.N., Bouri E., & Saeed T. (2021). Herding behavior in the commodity markets of the Asia-Pacific region. Finance Research Letters, 41, 101813. https://doi.org/10.1016/j.frl.2020.101813
• Achckar J. & Bouri E. (2021). Female empowerment/participation in the workplace and firm performance: A study of privately-owned firms, International Journal of Productivity and Performance Management, 70(8), 2149-2162. https://doi.org/10.1108/IJPPM-04-2020-0166
• Shahzad S.J.H., Bouri E., Kang S.H., & Saeed T. (2021). Regime specific spillover across cryptocurrencies and the role of COVID-19. Financial Innovation, 7(5). https://doi.org/10.1186/s40854-020-00210-4
• Bouri, E., Cepni, B., Gabauer, D., & Gupta, R. (2021). Return connectedness across asset classes around the COVID-19 outbreak. International Review of Financial Analysis, 73, 101646. https://doi.org/10.1016/j.irfa.2020.101646
• Naeem, M.A., Bouri, E., Peng, Z., Shahzad S.J.H., & Vo, X.V. (2021). Asymmetric efficiency of cryptocurrencies during COVID19. Physica A - Statistical Mechanics and its Applications, 565, 125562. https://doi.org/10.1016/j.physa.2020.125562
• Bouri E., Lucey B., Saeed T., & Vo X.V. (2021). The realized volatility of commodity futures: Interconnectedness and determinants. International Review of Economics and Finance, 73, 139-151. https://doi.org/10.1016/j.iref.2021.01.006
• Bouri, E., Gupta, R., Majumdar A., & Subramaniam, S. (2021). Time-Varying Risk Aversion and Forecastability of the US Term Structure of Interest Rates. Finance Research Letters, 42, 101924. https://doi.org/10.1016/j.frl.2021.101924
• Bouri, E., Gkillas, K., Gupta, R. & Pierdzioch, C. (2021). Forecasting Power of Infectious Diseases-Related Uncertainty for Gold Realized Variance. Finance Research Letters, 42, 101936. https://doi.org/10.1016/j.frl.2021.101936  
• Raza Syed, Q., & Bouri, E. (2021). Impact of Economic Policy Uncertainty on CO2 Emissions: Evidence from Bootstrap ARDL Approach. Journal of Public Affairs, 22(3), e2595. https://doi.org/10.1002/pa.2595  
• Plakandaras, V., Bouri, E., & Gupta, R. (2021). Forecasting Bitcoin Returns in a Machine Learning Framework: Is there a Role for the U.S. – China Trade War. The Journal of Risk, 23(3), 75-93.  https://doi.org/10.21314/JOR.2021.001
• Dutta, A., Bouri, E., Saeed T., & Vo X.V. (2021). Crude Oil Volatility and the Biodiesel Feedstock Market in Malaysia during the 2014 oil price decline and the COVID-19 outbreak. Fuel, 292, 120221.  https://doi.org/10.1016/j.fuel.2021.120221
• Shahzad, S.J.H., Bouri, E., Kristoufek, L., & Saeed, T. (2021). Impact of the COVID-19 outbreak on the US equity sectors: Evidence from quantile return spillovers. Financial Innovation, 7(14). https://doi.org/10.1186/s40854-021-00228-2
• Bouri, E., Saeed, T., Vo, X.V., & Roubaud, D. (2021). Quantile connectedness in the cryptocurrency market. Journal of International Financial Markets, Institutions & Money, 71, 101302. https://doi.org/10.1016/j.intfin.2021.101302
• Shahzad S.J.H., Bouri, E., Naeem, M.A., & Peng Z. (2021). Asymmetric volatility spillover among Chinese sectors during COVID-19. International Review of Financial Analysis, 75, 101754. https://doi.org/10.1016/j.irfa.2021.101754
• Bouri, E., Gabauer, D., Gupta, R., & Tiwari, A.K. (2021). Volatility Connectedness of Major Cryptocurrencies: The Role of Investor Happiness. Journal of Behavioral and Experimental Finance, 30, 100463. https://doi.org/10.1016/j.jbef.2021.100463
• Dutta, A. Bouri, E., & Saeed T. (2021). News-based Equity Market Uncertainty and Crude Oil Volatility. Energy, 222, 119930. https://doi.org/10.1016/j.energy.2021.119930  
• Bouri, E., Gupta, R., Pierdzioch, C., & Salisu, A.A. (2021). El Niño and Forecastability of Oil-Price Realized Volatility. Theoretical and Applied Climatology, 144 (3-4), 1173–1180. https://doi.org/10.1007/s00704-021-03569-1  
• Bouri, E., Lei, X., Jalkh, N., Xu, Y., & Zhang, H. (2021). Spillovers in higher moments and jumps across US stock and strategic commodity markets. Resources Policy, 72, 102060. https://doi.org/10.1016/j.resourpol.2021.102060  
• Abuzayed, B.M., Bouri, E., Alfayoumi, N.A., & Jalkh, N. (2021). Systemic risk spillover across global and country stock markets during the COVID-19 pandemic. Economic Analysis and Policy, 71, 180-197. https://doi.org/10.1016/j.eap.2021.04.010  
• Bouri, E., Lau C.K.M., Saeed T., Wang S. & Zhao Y. (2021). On the intraday return curves of bitcoin: predictability and trading opportunities. International Review of Financial Analysis, 76, 101784. https://doi.org/10.1016/j.irfa.2021.101784
• Bouri, E., Shahzad S.J.H., Arreola-Hernandez J. & Roubaud, D. (2021). Causal nexus between crude oil and US corporate bonds. The Quarterly Review of Economics and Finance, 80, 577-589. https://doi.org/10.1016/j.qref.2021.04.012
• Arsi S., Guesmi K., & Bouri, E. (2021). Herding Behavior and Liquidity in the Cryptocurrency Market. Asia-Pacific Journal of Operational Research, 39(04), 2140021. https://doi.org/10.1142/S0217595921400212
• Mokni, K., Bouri, E., Ajmi, A.N., & Vo X.V. (2021). Does Bitcoin hedge categorical economic uncertainty? A quantile analysis. SAGE Open,   11(2). https://doi.org/10.1177/21582440211016377
• Yousaf, I., Ali, S., Bouri, E., & Dutta A. (2021). Herding on fundamental/non-fundamental information during the COVID-19 outbreak and cyber-attacks: Evidence from the cryptocurrency market. SAGE Open, 11(3). https://doi.org/10.1177/21582440211029911   
• Balcilar, M., Bouri, E., Gupta, R., & Pierdzioch, C. (2021). El Nino, La Nina, and the Forecastability of the Realized Variance of Heating Oil Price Movements. Sustainability, 13(14), 7987.  https://doi.org/10.3390/su13147987
• Bouri, E., Kanjilal, K., Ghosh, S., Roubaud, D., & Saeed, T. (2021). Rare earth and allied sectors in stock markets: Extreme dependence of return and volatility. Applied Economics,  53(49), 5710–5730. https://doi.org/10.1080/00036846.2021.1927971  
• Dutta, A., Bouri, E., & Nour, M.H. (2021). Climate Bond, Stock, Gold, and Oil Markets: Dynamic Correlations and Hedging Analyses during the COVID-19 Outbreak. Resources Policy, 74, 102265.  https://doi.org/10.1016/j.resourpol.2021.102265
• Azam, M., Hunjra, A.I., Bouri, E., Tan, Y., & Al-Faryan, M.A.S. (2021). Impact of Institutional Quality on Sustainable Development: Evidence from Panel Data covering Developing Countries. Journal of Environmental Management, 298, 113465. https://doi.org/10.1016/j.jenvman.2021.113465  
• Lesame, K., Bouri, E., Gabauer, D., & Gupta, R. (2021). On the dynamics of international real estate investment trust propagation mechanisms: Evidence from time-varying return and volatility connectedness measures. Entropy, 23(8), 1048. https://doi.org/10.3390/e23081048. 
• Shahzad, F., Bouri, E., Mokni, K., & Ajmi, A.N. (2021). Energy, agriculture, and precious metals: Evidence from time-varying Granger causal relationships for both return and volatility. Resources Policy, 74, 102298.https://doi.org/10.1016/j.resourpol.2021.102298  
• Bouri E., Demirer R., Gupta R., & Nel J. (2021). COVID-19 Pandemic and Investor Herding in International Stock Markets. Risks, 9(9), 168. https://doi.org/10.3390/risks9090168
•   Naeem, M.A., Bouri, E., Costa, M.D., Shahzad, S.J.H., & Naifar, N. (2021). Energy markets and green bonds: a tail dependence analysis with time-varying optimal copulas and portfolio implications, Resources Policy, 74, 102418. https://doi.org/10.1016/j.resourpol.2021.102418
• Bathia, D., Tiwari, D., Bouri, E., & Gupta, R. (2021). Investor sentiment connectedness: Evidence from Linear and Nonlinear Causality Approaches. Annals of Financial Economics, 16(4), 2150016.https://doi.org/10.1142/S2010495221500160
• Liu, X., Bouri, E., & Jalkh, N. (2021). Dynamics and determinants of market integration of green, clean, dirty energy investments and conventional stock indices. Frontiers in Environmental Science, 9. https://doi.org/10.3389/fenvs.2021.786528
• Bouri, E., Gupta, R., Kyei, C.K., & Shivambu, R. (2021). Uncertainty and Daily Predictability of Housing Returns and Volatility of the United States: Evidence from a Higher-Order Nonparametric Causality-in-Quantiles Test. TheQuarterly Review of Economics and Finance, 82, 200–206. https://doi.org/10.1016/j.qref.2021.09.004
• Song, Y., Bouri, E., Ghosh, S., & Kanjilal, K. (2021). Rare earth and financial markets: Dynamics of return and volatility connectedness around the COVID-19 outbreak. Resources Policy, 74, 102379. https://doi.org/10.1016/j.resourpol.2021.102379   
• Bouri E., Gupta R., Lau C.K.M., & Roubaud D. (2021). Risk aversion and Bitcoin returns in extreme quantiles. Economics Bulletin, 41(3), 1374-1386. http://www.accessecon.com/Pubs/EB/2021/Volume41/EB-21-V41-I3-P116.pdf  
• Dutta, A., Bouri, E., Dutta, P., & Saeed, T. (2021). Commodity Market Risks and Green Investments: Evidence from India. Journal of Cleaner Production, 318, 128523. https://doi.org/10.1016/j.jclepro.2021.128523  
• Plastun, A., Bouri, E., Gupta, R, & Ji, Q. (2022). Price effects after one-day abnormal returns in developed and emerging markets: ESG versus traditional indices. North American Journal of Economics and Finance, 59, 101572. https://doi.org/10.1016/j.najef.2021.101572
• Bouri E., Gupta R., & Wang S.  (2022). Nonlinear Contagion between Stock and Real Estate Markets: International Evidence from a Local Gaussian Correlation Approach. International Journal of Finance and Economics, 27(2), 2089-2109. https://doi.org/10.1002/ijfe.2261  
• Raza Syed, Q., Bouri, E., Zafar, R.F., & Adekoya, O.B. (2022). Does geopolitical risk mitigate inbound tourism? Evidence from panel quantile regression. Journal of Public Affairs, 22(S1), e2784. http://doi.org/10.1002/pa.2784
• Sheng, X., Gupta, R., Salisu, A.A., Bouri, E. (2022). OPEC News and Exchange Rate Forecasting Using Dynamic Bayesian Learning, Finance Research Letters, 45, 102125. https://doi.org/10.1016/j.frl.2021.102125  
• Salisu, A., Gupta, R., Bouri, E., & Ji, Q. (2022). Mixed-Frequency Forecasting of crude oil volatility based on the information content of global economic conditions. Journal of Forecasting, 44(1), 134-157.  https://doi.org/10.1002/for.2800
• Shahzad, S.J.H., Bouri, E., Ahmad, T., & Naeem, M.A. (2022). Extreme tail network analysis of cryptocurrencies and trading strategies. Finance Research Letters, 44, 102106. https://doi.org/10.1016/j.frl.2021.102106  
• Raza Syed, Q., & Bouri, E. (2022). Spillovers from global economic policy uncertainty and oil price volatility to the volatility of stock markets of oil importers and exporters. Environmental Science and Pollution Research, 29(1), 15603–15613. https://doi.org/10.1007/s11356-021-16722-0  
• Shahzad, S.J.H., Bouri, E., Rehman, M. & Roubaud, D. (2022). The hedge asset for BRICS stock markets: Bitcoin, gold, or VIX. World Economy, 45(1), 292-316. https://doi.org/10.1111/twec.13138
• Shahzad, S.J.H., Bouri, E., Rehman, M., Naeem, M.A., & Saeed, T. (2022). Oil price risk exposure of BRIC stock markets and hedging effectiveness. Annals of Operations Research, 313, 145–170. https://doi.org/10.1007/s10479-021-04078-0  
• Bouri, E., Gupta, R. & Vo, X.V. (2022). Jumps in geopolitical risk and the cryptocurrency market: The singularity of Bitcoin. Defence and Peace Economics, 33(2), 150-161. https://doi.org/10.1080/10242694.2020.1848285
• Gkillas, K., Bouri, E., Gupta, R. & Roubaud, D. (2022). Spillovers in Higher-Order Moments of Crude Oil, Gold, and Bitcoin. The Quarterly Review of Economics and Finance, 84, 398-406. https://doi.org/10.1016/j.qref.2020.08.004
• Hatemi-J., A., Hajji, M., Bouri, E., & Gupta, R. (2022). The Benefits of Diversification between Bitcoin, Bonds, Equities and the US Dollar: A Matter of Portfolio Construction. Asia-Pacific Journal of Operational Research, 39(4), 2040024. https://doi.org/10.1142/S0217595920400242
• Abuzayed, B.M., Alfayoumi, N.A., & Bouri, E. (2022). Hedging UK Stock Portfolio with Gold and Oil: The Impact of Brexit Referendum. Resources Policy, 75, 102434. https://doi.org/10.1016/j.resourpol.2021.102434  
• Shahzad, S.J.H., Hoang, T.H.V., & Bouri E. (2022). From pandemic to systemic risk: contagion in the U.S. tourism sector. Current Issues in Tourism, 25(1), 34-40. https://doi.org/10.1080/13683500.2021.1881050
• Gustafsson, R., Dutta, A., & Bouri, E. (2022). Are energy metals hedges or safe havens for clean energy stock returns?. Energy, 244, 122708. https://doi.org/10.1016/j.energy.2021.122708  
• Bouri, E., Demirer, R., Gabauer, D., & Gupta, R. (2022). Financial market connectedness: The role of investors’ happiness. Finance Research Letters, 44, 102075. https://doi.org/10.1016/j.frl.2021.102075  
• Youssef, I., Ali, S., Bouri, E., & Saeed, T. (2022). Information transmission and hedging effectiveness for the pairs of crude oil-gold and crude oil-Bitcoin during the COVID-19 outbreak. Economic Research, 35(1), 1913-1934. https://doi.org/10.1080/1331677X.2021.1927787
• Bouri, E., Naeem, M.A., Nor, S.M., Mbarki, I., & Saeed, T. (2022). Government Responses to COVID19 and Industry Stock Returns. Economic Research, 35(1), 1967-1990. https://doi.org/10.1080/1331677X.2021.1929374
• Van Eyden, R., Gupta, R., Nel, J., & Bouri, E. (2022). Rare Disaster Risks and Volatility of the Term-Structure of US Treasury Securities: The Role of El Niño and La Niña Events. Theoretical and Applied Climatology, 148, 383–389. https://doi.org/10.1007/s00704-021-03910-8
• Ghosh, B., & Bouri, E. (2022). Long memory and fractality in the universe of volatility indices. Complexity, 22, 6728432. https://doi.org/10.1155/2022/6728432. 
• Dutta, A., & Bouri, E. (2022). Outliers and time-varying jumps in the cryptocurrency markets. Journal of Risk and Financial Management, 15(3), 128. https://doi.org/10.3390/jrfm15030128. 
• Hernandez, J.A., Sadorsky, P., Shahzad, S.J.H., Uddin, G.S., Bouri, E., & Kang, S.H. (2022). Regime specific spillovers across US sectors and the role of oil price volatility, Energy Economics, 107, 105834. https://doi.org/10.1016/j.eneco.2022.105834. 
• Shahzad, S.J.H., Anas, M., & Bouri, E. (2022). Price Explosiveness in Cryptocurrencies and Elon Musk’s Tweets. Finance Research Letters, 47, 102695. https://doi.org/10.1016/j.frl.2022.102695.
• Baumöhl, E., Bouri, E., Hoang, T-H-V., Shahzad S.J.H., & Výrost, T. (2022). Measuring systemic risk in the global banking sector: a cross-quantilogram network approach. Economic Modelling, 109, 105775. https://doi.org/10.1016/j.econmod.2022.105775
• Bouri, E., & Shahzad, S.J.H. (2022). Network topology of dynamic credit default swap curves of energy firms and the role of oil shocks. The Energy Journal, 43 (Special Issue), https://doi.org/10.5547/01956574.43.SI1.ebou.  
• Kumar, A., Iqbal, N., Mitra, S.K., Kristoufek, L., & Bouri, E.  (2022). Connectedness among major cryptocurrencies in standard times and during the COVID-19 outbreak. Journal of International Financial Markets, Institutions & Money, 77, 101523. https://doi.org/10.1016/j.intfin.2022.101523. 
• Wang, J., Ma, F., Bouri, E., & Zhong, J. (2022). Volatility of clean energy and natural gas, uncertainty indices, and global economic conditions. Energy Economics, 108, 105904. https://doi.org/10.1016/j.eneco.2022.105904  
• Ferreira, P., Almeida, D., Dionísio, A., Bouri, E., & Quintino, D. (2022). Energy markets – who are the influencers?. Energy, 239, 121962. https://doi.org/10.1016/j.energy.2021.121962
• Bouri, E., Iqbal, N., & Klein, T. (2022). Climate policy uncertainty and the price dynamics of green and brown energy stocks. Finance Research Letters, 47, 102740. https://doi.org/10.1016/j.frl.2022.102740
• Zhang, X., Bouri, E., Xu, Y., & Zhang, G. (2022). The asymmetric relationship between returns and option-implied higher moments: Evidence from the crude oil market. Energy Economics, 109, 105950. https://doi.org/10.1016/j.eneco.2022.105950.  
• Wang, L., Sarker, P.K., & Bouri, E. (2023). Short- and Long-Run Interactions between Bitcoin and Economic Variables: Evidence from the US. Computational Economics, 61, 1305-1330. https://doi.org/10.1007/s10614-022-10247-5. 
• Wang, Z., Bouri, E., Ferreira, P., Shahzad, S.J.H., & Ferrer, R. (2022). A grey-based correlation with multi-scale analysis: S&P 500 VIX and individual VIXs of large US company stocks. Finance Research Letters, 48, 102872. https://doi.org/10.1016/j.frl.2022.102872
• Bouri, E., Gupta R., Kyie C.K., & Subramaniam S. (2022). High-Frequency Movements of the Term Structure of US Interest Rates: The Role of Oil Market Uncertainty. The Journal of Risk, 24(4), 1–20. https://doi.org/10.21314/JOR.2022.030.  
• Long, H., Zaremba, A., Zhou, W., & Bouri, E. (2022). Macroeconomics Matter: Leading Economic Indicators and the Cross-Section of Global Stock Returns. Journal of Financial Markets, 61, 100736. https://doi.org/10.1016/j.finmar.2022.100736. 
•  Ghosh B., & Bouri E. (2022). Is Bitcoin carbon footprint persistent? Multifractality evidence and policy implications. Entropy, 24(5), 647.  https://doi.org/10.3390/e24050647. 
• Salisu, A.A., Bouri, E., & Gupta, R. (2022). Out-of-sample predictability of gold market volatility: The role of US Nonfarm Payroll. The Quarterly Review of Economics and Finance, 86, 482-488. https://doi.org/10.1016/j.qref.2022.05.004. 
• Sifat, I., Zarei, A., Hosseini, S.M., & Bouri, E. (2022). Interbank Liquidity Risk Transmission to Large Emerging Markets in Crisis Periods. International Review of Financial Analysis, 82, 102200. https://doi.org/10.1016/j.irfa.2022.102200.
• Plastun, A., Bouri, E., Havrylina, A., & Ji, Q. (2022). Calendar anomalies in passion investments: Price patterns and profit opportunities. Research in International Business and Finance, 61, 101678. https://doi.org/10.1016/j.ribaf.2022.101678. 
• Wen, Z., Bouri, E., Xu, Y., & Zhao, Y. (2022). Intraday return predictability in the cryptocurrency markets: momentum, reversal, or both. North American Journal of Economics and Finance, 62, 101733. https://doi.org/10.1016/j.najef.2022.101733.  
• Wang, Y., Bouri, E., Fareed, Z., & Dai, Y. (2022). Geopolitical risk and the systemic risk in the commodity markets under the war in Ukraine. Finance Research Letters, 49, 103066. https://doi.org/10.1016/j.frl.2022.103066. 
• Zhang, Z., Shahzad, S.J.H., & Bouri, E. (2022). Tail risk transmission from commodity prices to sovereign risk of emerging economies Resources Policy, 78, 102869. https://doi.org/10.1016/j.resourpol.2022.102869. 
• Bouri, E., Christou, C., & Gupta, R. (2022). Forecasting Returns of Major Cryptocurrencies: Evidence from Regime-Switching Factor Models. Finance Research Letters, 49, 103193. https://doi.org/10.1016/j.frl.2022.103193
• Salisu, A.A., Gupta, R., Nel, J., & Bouri, E. (2022). The (Asymmetric) Effect of El Niño and La Niña on Gold and Silver Prices in a GVAR Model. Resources Policy, 78, 102897. https://doi.org/10.1016/j.resourpol.2022.102897. 
• Yahya, M., Dutta, A., Bouri, E., Wadström, C., & Uddin, G.S. (2022). Dependence structure between the international crude oil market and the European markets of biodiesel and rapeseed oil. Renewable Energy, 197, 594-605. https://doi.org/10.1016/j.renene.2022.07.112. 
• Bouri, E., Gupta, R., Nel, J., & Shiba, S. (2022). Contagious Diseases and Gold returns: Over 700 Years of Evidence from Quantile Regressions. Finance Research Letters, 50. 103266. https://doi.org/10.1016/j.frl.2022.103266  
• Xu, F., Bouri, E., & Cepni, O. (2022). Blockchain and crypto-exposed US companies and major cryptocurrencies: The role of jumps and co-jumps. Finance Research Letters, 50, 103201. https://doi.org/10.1016/j.frl.2022.103201
• Zhang, Z., Bouri, E., Klein, T., & Jalkh, N. (2022). Geopolitical Risk and the Returns and Volatility of Global Defense Companies: A New Race to Arms?. International Review of Financial Analysis, 83, 102327. https://doi.org/10.1016/j.irfa.2022.102327
• Bouri, E., & Harb, E. (2022). The Size of Extreme Good and Bad Stock Volatility Shocks Does Matter. Journal of International Financial Markets, Institutions & Money, 80, 101626. https://doi.org/10.1016/j.intfin.2022.101626. 
• Ali, F., Bouri, E., Naifar, N., Shahzad, S.J.H., & AlAhmad, M. (2022). An Examination of Whether Gold-backed Islamic Cryptocurrencies are Safe Havens for International Islamic Equity Markets. Research in International Business and Finance, 63, 101768. https://doi.org/10.1016/j.ribaf.2022.101768. 
• Fernandes, L.H.S., Bouri, E., Silva, J.W.L., Bejan, L., & de Araujo, F.H.A. (2022). The resilience of cryptocurrency market efficiency to COVID-19 shock.  Physica A - Statistical Mechanics and its Applications, 607, 128218. https://doi.org/10.1016/j.physa.2022.128218
• Haq, U.I., & Bouri, E. (2022). Sustainable versus conventional cryptocurrencies in the face of cryptocurrency uncertainty indices: An analysis across time and scales, Journal of Risk and Financial Management, 15(10), 442. https://doi.org/10.3390/jrfm15100442.
• Naeem, M.A., Peng, Z., Bouri, E., Shahzad, S.J.H., & Karim, S. (2022). Examining the asymmetries between equity and commodity ETFs during COVID-19. Resources Policy, 79, 103048.https://doi.org/10.1016/j.resourpol.2022.103048
• Gök, R., Bouri, E. & Gemici, E. (2022). Can Twitter-based economic uncertainty predict safe-haven assets under all market conditions and investment horizons?. Technological Forecasting & Social Change, 185, 122091. https://doi.org/10.1016/j.techfore.2022.122091  
• Bouri, E., Kristoufek, L. & Azoury, N. (2022) Bitcoin and the S&P 500: Co-movements at high-order moments in the time-frequency domain, PLOS ONE, 17(11), e0277924. https://doi.org/10.1371/journal.pone.0277924
• Zhang, H., Jin, C., Bouri, E., Gao, W., & Xu, Y. (2023). Realized higher-order moments spillovers between commodity and stock markets: Evidence from China. Journal of Commodity Markets, 30, 100275. https://doi.org/10.1016/j.jcomm.2022.100275. 
• Wang, J., Ma, F., Bouri, E., & Guo, Y. (2023). Which factors drive Bitcoin volatility: macroeconomic, technical, or both?. Journal of Forecasting, 42(4), 970-988. https://doi.org/10.1002/for.2930
• Gauthier, M., Bouoiyour, J., & Bouri, E. (2023). Who is leading: Green or brown energy assets?. Energy Economics, 117, 106339. https://doi.org/10.1016/j.eneco.2022.106339  
• Iqbal, N., Bouri, E., Grebinevych, O., & Roubaud, D. (2023). Modelling extreme risk spillovers in the commodity markets: A quantile-based analysis around crisis periods including COVID19. Annals of Operations Research, 330, 305–334. https://doi.org/10.1007/s10479-022-04522-9.
• Sarker, P.K., Bouri, E., & Lau, M.C.K. (2023). Asymmetric effects of climate policy uncertainty, geopolitical risk, and crude oil prices on clean energy prices. Environmental Science and Pollution Research, 30(6), 15797–15807. https://doi.org/10.1007/s11356-022-23020-w
• Sokhanvar, A., & Bouri, E. (2023). Commodity price shocks related to the war in Ukraine and exchange rates of commodity exporters and importers. Borsa Istanbul Review, 23(1), 44–54. https://doi.org/10.1016/j.bir.2022.09.001.  
• Sibande, X., Gupta, R., Demirer, R., & Bouri, E.  (2023). Investor sentiment and (anti) herding in the currency market: Evidence from Twitter feed data. Journal of Behavioral Finance, 24(1), 56-72. https://doi.org/10.1080/15427560.2021.1917579  
• Aslam, F., Hunjra, A.I., Bouri, I., Mughal, K.S., & Khan, M. (2023). Dependence Structure across Equity Sectors: Evidence from Vine Copulas. Borsa Istanbul Review, 23(1), 184–202. https://doi.org/10.1016/j.bir.2022.10.003
• Bouri, E., Lei, Xu, Y., & Zhang, H. (2023). Connectedness in implied higher-order moments of precious metals and energy markets. Energy, 263, Part B, 125588. https://doi.org/10.1016/j.energy.2022.125588. 
• Kristoufek, L., & Bouri, E. (2023). Exploring sources of statistical arbitrage opportunities among Bitcoin exchanges. Finance Research Letters, 51, 103332. https://doi.org/10.1016/j.frl.2022.103332.  
• Ourir, A., Bouri, E., & Essaadi, E. (2023). Hedging the risks of MENA stock markets with gold:  Evidence from the spectral approach. Computational Economics, 61, 197–231. https://doi.org/10.1007/s10614-021-10204-8
• Shahzad, S.J.H., Ferrer, R., & Bouri, E. (2023). Systemic risk in the global energy sector: Structure, determinants and portfolio management implications. The Energy Journal, 44(6). https://doi.org/10.5547/01956574.44.6.ssha  
• Yousaf, I., Plakandaras, V., Bouri, E., & Gupta, R. (2023). Hedge and safe-haven properties of FAANA against gold, US Treasury, bitcoin, and US Dollar/CHF during the pandemic period. North American Journal of Economics and Finance, 64, 101844. https://doi.org/10.1016/j.najef.2022.101844
• Dutta, A., Bouri, E., Rothovius T., & Uddin, S.G. (2023). Climate risk and green investments: New evidence. Energy, 265, 126376. https://doi.org/10.1016/j.energy.2022.126376
• Raggad, B., & Bouri, E. (2023). Quantile dependence between crude oil returns and implied volatility: Evidence from parametric and nonparametric tests. Mathematics, 11(3), 528. https://doi.org/10.3390/math11030528
• Bouri, E., Salisu, A.A., & Gupta, R. (2023). The predictive power of Bitcoin prices for the realized volatility of US stock sector returns. Financial Innovation, 9(62). https://doi.org/10.1186/s40854-023-00464-8
• Salisu, A.A., Gupta, R., & Bouri, E. (2023). Testing the Forecasting Power of Global Economic Conditions for the Volatility of International REITs using a GARCH-MIDAS Approach. The Quarterly Review of Economics and Finance, 88, 303-3014. https://doi.org/10.1016/j.qref.2023.02.004
• Nekhili, R., & Bouri, E. (2023). Higher-order moments and co-moments’ contribution to spillover analysis and portfolio risk management. Energy Economics, 119, 106596. https://doi.org/10.1016/j.eneco.2023.106596
• Bouri, E., Hammoud, R., & Abou Kassm, C. (2023). The effect of oil volatility and geopolitical risk on GCC stock sectors under various market conditions. Energy Economics, 120, 106617. https://doi.org/10.1016/j.eneco.2023.106617
•  Cheng, N.F.L., Hasanov, A.S., Poon, W.C., & Bouri, E. (2023). The U.S.-China trade war and the volatility linkages between energy and agricultural commodities. Energy Economics, 120, 106605. https://doi.org/10.1016/j.eneco.2023.106605
• van Eyden, R., Gupta, R.,  Nielsen, J., & Bouri, E. (2023). Investor Sentiment and Multi-Scale Positive and Negative Stock Market Bubbles in a Panel of G7 Countries. Journal of Behavioral and Experimental Finance, 38, 100804.   https://doi.org/10.1016/j.jbef.2023.100804   
• Hunjra, A.I., Azam, M., Bruna, M.G., & Bouri, E. (2023). A Cross-Regional Investigation of Institutional Quality in Sustainable Development. Journal of International Financial Markets, Institutions & Money, 84, 101758. https://doi.org/10.1016/j.intfin.2023.101758
• Gök, R., Gemici, E., & Bouri, E. (2023). Predictability of Risk Appetite in Turkey: Local versus Global Factors. Emerging Markets Review, 55, 101018. https://doi.org/10.1016/j.ememar.2023.101018
• Bouri, E., Nekhili, R., Kinateder, H., & Choudhury, T. (2023). Expected inflation and US stock sector indices: A dynamic time-scale tale from inflationary and deflationary crisis periods. Finance Research Letters, 103845. https://doi.org/10.1016/j.frl.2023.103845
• Ghosh, B., Bouri, E., Wee, J.B., & Zulfiqar, N. (2023). Return and volatility properties: Stylized facts from the universe of cryptocurrencies and NFTs. Research In international Business and Finance, 65, 101945.  https://doi.org/10.1016/j.ribaf.2023.101945  
• Bouri, E. (2023). Spillovers in the joint system of conditional higher-order moments: US evidence from green energy, brown energy, and technology stocks. Renewable Energy, 210, 507-523. https://doi.org/10.1016/j.renene.2023.04.006
• Huang, Y., Ma, F., Bouri, E., & Huang, D. (2023). A comprehensive investigation on the predictive power of economic policy uncertainty from non-U.S. countries for U.S. stock market returns. International Review of Financial Analysis, 87, 102656. https://doi.org/10.1016/j.irfa.2023.102656
• Kamal, E., & Bouri, E. (2023). Dependence structure among rare earth and financial markets: A multiscale-vine copula approach, Resources Policy, 83, 103626.  https://doi.org/10.1016/j.resourpol.2023.103626
• Patel, R., Kumar, S., Bouri, E., Iqbal, N. (2023). Spillovers between Green and Dirty Cryptocurrencies and Socially Responsible Investments around the War in Ukraine. International Review of Economics and Finance, 87, 413-162. https://doi.org/10.1016/j.iref.2023.04.013
• Bouri, E., Nekhili, R., & Todorova, N. (2023). Dynamic co-movement in major commodity markets during crisis periods: A wavelet local multiple correlation analysis. Finance Research Letters, 55 Part B, 103996. https://doi.org/10.1016/j.frl.2023.103996
• Shahzad, S.J.H., Bouri, E., & Ferrer, R. (2023). Default risk transmission in Travel and Leisure industry. International Journal of Hospitality Management, 113, 103525. https://doi.org/10.1016/j.ijhm.2023.103525. 
• Li, H., Bouri, E., Gupta, R., & Fang, L., (2023). Return volatility, correlation, and hedging of green and brown stocks: Is there a role for climate risk factors?. Journal of Cleaner Production, 414, 137594. https://doi.org/10.1016/j.jclepro.2023.137594.  
• Bouri, E., Rognone, L., Sokhanvar, A., & Wang, Z. (2023). From climate risk to the returns and volatility of energy assets and green bonds: A predictability analysis under various conditions. Technological Forecasting & Social Change, 194, 122682. https://doi.org/10.1016/j.techfore.2023.122682.
• Bouri, E., Kamal, E., & Kinateder, H. (2023). FTX Collapse and systemic Risk Spillovers from FTX Token to Major Cryptocurrencies. Finance Research Letters, 56, 104099. https://doi.org/10.1016/j.frl.2023.104099 . 
• Gök, R., Gemici, E., & Bouri, E. (2023). Volatility spillovers between sovereign CDS and futures markets in various volatility states: Evidence from an emerging economy around the pandemic. Research in International Business and Finance, 66, 102203. https://doi.org/10.1016/j.ribaf.2023.102023. 
• Nekhili, R., Sultan, J., & Bouri, E. (2023). Liquidity spillovers between cryptocurrency and foreign exchange markets. North American Journal of Economics and Finance, 68, 101969. https://doi.org/10.1016/j.najef.2023.101969
• Abid, I., Bouri, E., Galariotis, E., Guesmi, K., Mzoughi, H. (2023). Bitcoin vs. fiat currencies: Insights from extreme dependence and risk spillover analysis with financial markets. International Review of Financial Analysis, 90, 102806. https://doi.org/10.1016/j.irfa.2023.102806. 
• Bouri, E., Gabauer, D., Gupta, R., Kinateder, H. (2023). Global geopolitical risk and inflation spillovers across European and North American economies. Research in International Business and Finance, 66, 102048. https://doi.org/10.1016/j.ribaf.2023.102048. 
• Abuzayed, B.M., Alfayoumi, N.A., & Bouri, E. (2023). Decomposed oil price shocks and GCC stock market sector returns and volatility. Energy Economics, 126, 106930. https://doi.org/10.1016/j.eneco.2023.106930 . 
• Ma, L., Iqbal, N., Bouri, E., & Zhang, Y. (2023). How good is green finance for green innovation? Evidence from the Chinese high-carbon sector. Resources Policy, 85, 104047. https://doi.org/10.1016/j.resourpol.2023.104047. 
• Zhang, L., Bouri, E., & Chen, Y.  (2023). Co-jump Dynamicity in the Cryptocurrency Market: A Network Modelling Perspective. Finance Research Letters, 58, 104372. https://doi.org/10.1016/j.frl.2023.104372. 
• Bouri, E., & Jalkh, N. (2023). Spillovers of joint volatility-skewness-kurtosis of major cryptocurrencies and their determinants. International Review of Financial Analysis, 90, 102915. https://doi.org/10.1016/j.irfa.2023.102915.
• Kumar, D., Narayan, S., & Bouri, E. (2023). Systemically important financial institutions and drivers of systemic risk: Evidence from India. Pacific-Basin Finance Journal, 82, 102155. https://doi.org/10.1016/j.pacfin.2023.102155. 
• Nekhili, R., Foglia, M., & Bouri, E. (2023). European Bank Credit Risk Transmission during Credit Suisse Collapse. Finance Research Letters, 58, 104452. https://doi.org/10.1016/j.frl.2023.104452. 
• Yousaf, I. Hunjra, A.I., Muneer, M. A., Bouri, E., & Li, Y. (2023). Multidimensional Connectedness among the Volatility of Global Financial Markets around the Russian-Ukrainian conflict. Pacific-Basin Finance Journal, 82, 102163. https://doi.org/10.1016/j.pacfin.2023.102163
• Aslam, F., Ahmed Memon, B., Hunjra, A.I., & Bouri, E. (2023). The dynamics of market efficiency of major cryptocurrencies. Global Finance Journal, 58, 100899. https://doi.org/10.1016/j.gfj.2023.100899
• Bouri, E., Shahzad, S.J.H., & Kristoufek, L. (2023). Editorial to special issue “Hidden market linkages between Bitcoin, cryptocurrencies and financial markets: Evidence from high‑frequency data and higher‑order moments” in financial innovation. Financial Innovation, 9, 119.  https://doi.org/10.1186/s40854-023-00560-9.
• Raggad, B., & Bouri, E. (2023). Gold and crude oil: A time-varying causality across various market conditions. Resources Policy, 86, 104273. https://doi.org/10.1016/j.resourpol.2023.104273
• Ahmed, M.S., & Bouri, E. (2023) Long memory and structural breaks of cryptocurrencies trading volume. Eurasian Economic Review, 33, 469-497.  https://doi.org/10.1007/s40822-023-00238-8
• Wang, C., Bouri, E., Xu, Y., & Zhang, D. (2023). Intraday and overnight tail risks and return predictability in the crude oil market: Evidence from oil-related regular news and extreme shocks. Energy Economics, 127, 107121. https://doi.org/10.1016/j.eneco.2023.107121. 
• Shahzad, S.J.H., Bouri, E., & Ferrer, R. (2023). Twitter Sentiment and Stock Return Volatility of US Travel and Leisure Firms. Economics Bulletin, 43(2), 1133-1142. http://www.accessecon.com/Pubs/EB/2023/Volume43/EB-23-V43-I2-P94.pdf. 
• Gök, R., Pirgaip, B., & Bouri, E. (2023). The efficiency of the new reference rate in Türkiye. Borsa Istanbul Review, 23 (2), S53-S65. https://doi.org/10.1016/j.bir.2023.12.009. 
• Lesame, K., Ngene, G., Gupta, R., & Bouri, E. (2024). Herding in International REITs Markets around the COVID-19 Pandemic. Research in International Business and Finance, 67, 102147. https://doi.org/10.1016/j.ribaf.2023.102147.  
• Chowdhury, M.I.H., Hasan, M., Bouri, E., & Tang, Y. (2024). Emotional Spillovers in the Cryptocurrency Market. Journal of Behavioral and Experimental Finance, 41, 100878. https://doi.org/10.1016/j.jbef.2023.100878.
• Bouri, E., Krsitoufek, L., Shahzad, S.J.H., & Ahmad, T. (2024). Microstructure noise and idiosyncratic volatility anomalies in cryptocurrencies. Annals of Operations Research, 334, 547–573. https://doi.org/10.1007/s10479-022-04568-9
• Zhang, L., Chen, Y., & Bouri, E. (2024). Time-varying jump intensity and volatility forecasting of crude oil returns. Energy Economics, 129, 107236. https://doi.org/10.1016/j.eneco.2023.107236 .  
• Mensi, W., Hanif, W., Bouri, E., & Vo, X.V. (2024). Modeling spillovers between oil and US stock sectors before and during COVID-19 pandemic. International Journal of Emerging Markets, 19(11), 4155-4185. https://doi.org/10.1108/IJOEM-12-2021-1799  
• Jalkh, N., & Bouri, E. (2024). Global geopolitical risk and the long- and short-run impacts on the returns and volatilities of US Treasuries. Defence and Peace Economics, 35(3), 339-366. https://doi.org/10.1080/10242694.2022.2150808
• Bouri, E., Gök, R., Gemici, E., & Kara, E. (2024). Do geopolitical risk, economic policy uncertainty, and oil implied volatility drive assets across quantiles and time-horizons?. The Quarterly Review of Economics and Finance, 93, 137-154. https://doi.org/10.1016/j.qref.2023.12.004 . 
• Iqbal, N., Bouri, E., Liu, G., & Kumar, H. (2024). Extreme implied volatility spillovers and their driving factors: A cross-country and cross-asset analysis. International Journal of Finance and Economics, 29(1), 975-995. https://doi.org/10.1002/ijfe.2717   
• Zhang, H., Zheng, Ji, Hunjra, A.I., Zhao, S., & Bouri, E. (2024). ). How does Urban Land Use Efficiency Improve Resource and Environment Carrying Capacity. Socio-Economic Planning Sciences, 91, 101-760. https://doi.org/10.1016/j.seps.2023.101760.  
• Tedeschi, M., Foglia, M., Bouri, E., & Dai, P.F. (2024). How climate policy uncertainty affects financial market behavior: Evidence from Europe. Economics Letters, 234, 111443. https://doi.org/10.1016/j.econlet.2023.111443. 
• Mokni, K., El Montasser, G., Ajmi, A.N.,  & Bouri, E. (2024). On the efficiency and its drivers in the cryptocurrency market: The case of Bitcoin and Ethereum. Financial Innovation, 10 (39). https://doi.org/10.1186/s40854-023-00566-3.
• Dutta, A., Bouri, E., Rothovius, T., Azoury, N., & Uddin, G.S. (2024). Does Oil Price Uncertainty Matter for the US Transportation Firms?. Energy, 290, 130194. https://doi.org/10.1016/j.energy.2023.130194 .
• Kumar, D., & Bouri, E. (2024). Consumer Confidence, Uncertainties, and the Extreme Return and Risk of UK Travel & Leisure Industry. Tourism Analysis, 29(2), 205-220. https://doi.org/10.3727/108354224X17052877000464.
• Ahmed, R., Bouri, E., Hosseini, S.M., & Shahzad, S.J.H. (2024). Spillover in higher-order moments across carbon and energy markets: A portfolio view. European Financial Management, 30 (5), 2556-2595. https://doi.org/10.1111/eufm.12482.  
• Nekhili, R., Kristjanpoller, W., & Bouri, E. (2024). Blockchain ETFs and the cryptocurrency and Nasdaq markets:  Multifractal and asymmetric cross-correlations. Physica A - Statistical Mechanics and its Applications, 637, 129589. https://doi.org/10.1016/j.physa.2024.129589 . 
• Chen, Y. Zhang, L., & Bouri, E. (2024). Can a Self-exciting Jump Structure Better Capture the Jump Behavior of Cryptocurrencies? A comparative analysis with the S&P 500. Research in International Business and Finance, 69, 102277. https://doi.org/10.1016/j.ribaf.2024.102277
• Bouri, E. and Alsagr, N. (2024). Hedging investment-grade and high-yield bonds with credit VIX. Economics Letters, 237, 111630. https://doi.org/10.1016/j.econlet.2024.111630. 
• Pan, J., Hunjra, A.I., Bruna, M.G., Zhao, S., & Bouri, E. (2024). Shaping sustainability: How to enhance corporate reputation under climate change conditions?. Finance Research Letters, 62, 105174. https://doi.org/10.1016/j.frl.2024.105174.
• Okorie, D.I., Bouri, E., & Mazur, M. (2024). NFTs versus conventional cryptocurrencies: A comparative analysis of market efficiency around COVID-19 and the Russia-Ukraine conflict. The Quarterly Review of Economics and Finance, 95, 126-151. https://doi.org/10.1016/j.qref.2024.03.001.  
• Bouri, E., Quinn, B., Sheenan, L., & Tang, Y. (2024). Investigating Extreme Linkage Topology in the Aerospace and Defense Industry. International review of Financial Analysis, 93, 103166. https://doi.org/10.1016/j.irfa.2024.103166.  
• Hunjra, A.I., Bouri, E., Azam, M., Azam, R.I., & Dai, J. (2024). Economic Growth and Environmental Sustainability in Developing Economies. Research in International Business and Finance, 70, 102341. https://doi.org/10.1016/j.ribaf.2024.102341. 
• Iqbal, N., Bouri, E., Shahzad, S.J.H., & Alsagr, N. (2024). Asymmetric Impacts of Chinese Climate Policy Uncertainty on Chinese Asset Prices. Energy Economics, 133, 107518. https://doi.org/10.1016/j.eneco.2024.107518.  
• Lu, F., Ma, F., Bouri, E., & Liao, Y. (2024). Do commodity futures have a steering effect on China’s spot stock market? New evidence from volatility forecasting. International Review of Financial Analysis, 94, 103262. https://doi.org/10.1016/j.irfa.2024.103262. 
• Salisu, A., Gupta, R., Ogbonna, A., & Bouri, E. (2024). Energy-Related Uncertainty and International Stock Market Volatility. The Quarterly Review of Economics and Finance, 95, 280-293. https://doi.org/10.1016/j.qref.2024.04.005. 
• Menkveld, A.J.,…, Bouri, E.,… et al. (2024). Nonstandard Errors. Journal of Finance, 79(3), 2339-2390. https://doi.org/10.1111/jofi.13337. 
• Bhattacherjee, P., Mishra, S., & Bouri, E. (2024). Does asset-based uncertainty drive asymmetric return connectedness across regional ESG markets? Global Finance Journal, 61, 100972. https://doi.org/10.1016/j.gfj.2024.100972 . 
• Wang, Y., Goutte, S., Bouri, E., & Sokhanvar, A. (2024). Climate risks and the realized higher-order moments of financial markets: Evidence from China. International Review of Economics & Finance, 93, 1064-1087. https://doi.org/10.1016/j.iref.2024.04.042. 
• Bouri, E., & Jalkh, N. (2024). Flight-to-safety across time and market conditions. International Review of Economics & Finance, 94, 103363. https://doi.org/10.1016/j.iref.2024.05.042 . 
• Wang, Y., Feng, J., Shinwari, R., & Bouri, E. (2024). Do green finance and green innovation affect corporate credit rating performance? Evidence from machine learning approach. Journal of Environmental Management, 360, 121212. https://doi.org/10.1016/j.jenvman.2024.121212 .  
• Chen, Y., Zhang, L., & Bouri, E. (2024). Co-bubble transmission and portfolio implications: A dynamic network approach covering two crisis periods and clean versus dirty cryptocurrencies. Journal of International Money and Finance, 145, 103108. https://doi.org/10.1016/j.jimonfin.2024.103108 . 
• Bouri, E., Ghaemi Asl, M.G., Darehshiri, S., & Gabauer, D. (2024). Asymmetric connectedness between conventional and Islamic cryptocurrencies: Evidence from good and bad volatility spillovers. Financial Innovation, 10 (133). https://doi.org/10.1186/s40854-024-00636-0 . 
• Bhattacherjee, P., Mishra, S., Bouri, E., & Wee, J.B. (2024). ESG, clean energy, and petroleum futures markets: Asymmetric return connectedness and hedging effectiveness. International Review of Economics and Finance, 94, 103375. https://doi.org/10.1016/j.iref.2024.103375. 
• Mohammed, K.S., Tedeschi, M., Hunjra, A.I., Bouri, E., & Yan, Y. (2024). The heterogeneous reaction of green and conventional bonds to exogenous shocks. Journal of Environmental Management, 364, 121423.  https://doi.org/10.1016/j.jenvman.2024.121423 .
• Zhao, S., Hunjra, A.I., Tan, Y., Cao, Y., & Bouri, E. (2024). How do green innovations promote regional green total factor productivity? Multidimensional analysis of heterogeneity, spatiality and nonlinearity. Journal of Cleaner Production, 467, 142935. https://doi.org/10.1016/j.jclepro.2024.142935  
• Akbar, S.W., Rehman, A.U., Bouri, E., Ijaz, M.Z., & Arshad, I. (2024). Socio-Economic Issues and Bank Stability: The Moderating Role of Competition. Research in International Business and Finance, 71, 102449. https://doi.org/10.1016/j.ribaf.2024.102449 .  
• Bouri, E., Gupta, R., & Pierdzioch, C. (2024). Modeling the Presidential Approval Ratings of the United States using Machine-Learning: Does Climate Policy Uncertainty Matter?., European Journal of Political Economy, 85,  102602. https://doi.org/10.1016/j.ejpoleco.2024.102602. 
• Lu, F., Zeng, Q., Bouri, E., & Tao, Y. (2024). Forecasting US GDP growth rates in a rich environment of macroeconomic data. International Review of Economics and Finance, 95, 103476.https://doi.org/10.1016/j.iref.2024.103476
• Hunjra, A.I. Arunachalam, M., Verhoeven, P., Colombage, S., & Bouri, E. (2024). The Interplay of CSR, Stakeholder Interest Management, Capital Budgeting, and Firm Performance. Journal of Behavior and Experimental Finance, 43, 100967. https://doi.org/10.1016/j.jbef.2024.100967 . 
• Zhang, L., Bouri, E., & Chen, Y. (2024). Co-Jump Dependency and Transmission across US Commodity Futures: A Network Analysis. Journal of Futures Markets, 44(12), 1851-1868. https://doi.org/10.1002/fut.22547 . 
• Vaissalo, J., Dutta, A., Bouri, E., & Azoury, N. (2024). EU emission allowances and Nordic electricity markets: Volatility dynamics and hedging effectiveness. Energy Reports, 12, 2845-2854. https://doi.org/10.1016/j.egyr.2024.08.072. 
• Bouri, E., Gupta, R., Pierdzioch, C., & Polat, O. (2024). Forecasting U.S. Recessions Using Over 150 Years of Data: Stock-Market Moments versus Oil-Market Moments. Finance Research Letters, 69, 106179. https://doi.org/10.1016/j.frl.2024.106179. 
• Potrykus, M., Ramzan, I., Mazhar, M., & Bouri, E. (2024). Price Bubbles and Co-bubbles in the Green Economy Market. Journal of Environmental Management, 370, 122678. https://doi.org/10.1016/j.jenvman.2024.122678 . 
• Kamal, E., Jalkh, N., & Bouri, E. (2024). Inflation expectations and the stock-bond nexus in the US: Hedging implications. European Journal of Finance, 31(6), 671-695. https://doi.org/10.1080/1351847X.2024.2431503. 
• Kristjanpoller, W., Nekhili, R., & Bouri, E. (2024). Ethereum Futures and Efficiency of Cryptocurrency Spot Markets. Physica A - Statistical Mechanics and its Applications, 654, 130161. https://doi.org/10.1016/j.physa.2024.130161. 
• Bouri, E., Gradojevic, N., & Nekhili, R. (2024). Fear, extreme fear and U.S. stock market returns. Physica A - Statistical Mechanics and its Applications, 656, 130212. https://doi.org/10.1016/j.physa.2024.130212. 
• Dutta, A., & Bouri, E. (2024). Forecasting the volatility of crude oil futures market: New evidence from jump-induced volatility. Energy Strategy Reviews, 56, 101588. https://doi.org/10.1016/j.esr.2024.101588. 
• Lu, F., Ma, F., & Bouri, E. (2024). Stock market volatility predictability: New evidence from energy consumption. Humanities and Social Sciences Communications, 11, 1624. https://doi.org/10.1057/s41599-024-04130-x.
• Bagh, T., Bouri, E., & Khan, M.A. (2024). Climate Change Sentiment, ESG Practices, and Firm Value: International Insights. China Finance Review International, https://doi.org/10.1108/CFRI-07-2024-0381. 
• Anas, M., Bouri, E., & Shahzad, S.J.H.  (2024). A Bibliometric analysis of literature on hedge and safe haven assets. Journal of Economic Surveys, https://doi.org/10.1111/joes.12677. 
• Bouri, E., Dudda, T., Rognone, L., & Walther, T. (2025). Climate risk and the nexus of clean energy and technology stocks. Annals of Operations Research, 347, 445–469. https://doi.org/10.1007/s10479-023-05487-z. 
• Gök, R., Senol, Z, Durgun, B, & Bouri, E. (2025). Green Bonds and Financial Markets: Interdependence across different market situations. Journal of Environmental Management, 373, 123408. https://doi.org/10.1016/j.jenvman.2024.123408.
• Zhang, J., Zeng, Q., Bouri, E., & Gozgor, G. (2025). Newly-constructed Chinese geopolitical risk index and trade stock returns. Research in International Business and Finance, 74, 102705. https://doi.org/10.1016/j.ribaf.2024.102705.
• Bouri, E., Sokhanvar, A., Kinateder, H., & Çiftçioğlu, S. (2025). Tech titans and crypto giants: Mutual returns predictability and trading strategy implications. Journal of International Financial Markets, Institutions & Money, 99, 102109. https://doi.org/10.1016/j.intfin.2024.102109.
• Ma, G., Bouri, E., Xu, Y., & Zhou, Z.I. (2025). The “night effect” of intraday trading: Evidence from Chinese gold and silver futures markets. Global Finance Journal, 64, 101084. https://doi.org/10.1016/j.gfj.2025.101084. 
• Bouri, E., Cepni, O., Gupta, R., & Liu, R. (2025). Supply Chain Constraints and the Predictability of the Conditional Distribution of International Stock Market Returns and Volatility. Economics Letters, 247, 112176. https://doi.org/10.1016/j.econlet.2025.112176.
• Kamal, E., & Bouri, E. (2025). Green bond, stock, cryptocurrency, and commodity markets: A multiscale analysis and portfolio implications. Financial Innovation, 11, 100. https://doi.org/10.1186/s40854-024-00749-6 . 
• Raggad, B., & Bouri, E. (2025). Artificial intelligence and clean/dirty energy markets: Tail-based pairwise connectedness and portfolio implications”. Future Business Journal, 11(29). https://doi.org/10.1186/s43093-025-00451-8. 
• Shahzad, S. J. H., Bouri, E., Karim, S. and Sadorsky, P. (2025). A Partial Correlation-Based Connectedness Approach: Extreme Dependence among Commodities and Portfolio Implications. Energy Economics, 144, 108421. https://doi.org/10.1016/j.eneco.2025.108421.  
• Bagh, T., Hunjra, A.I., Guo, Y., & Bouri, E. (2025). Corporate Capital Structure in BRICS Economies: An Integrated Analysis of ESG, Firm, Industry and Macroeconomic Determinants. International Journal of Finance & Economics, 30(3), 2682-2704. https://doi.org/10.1002/ijfe.3036. 
• Marín‐Rodríguez, N. J., Bouri, E., Gonzalez‐Ruiz, J. D., Botero, S., & Peña, A. (2025). Dynamic Interrelationships among Crude Oil, Green Bond, and Carbon Markets: Evidence form Fuzzy Logic Autoencoders.  Applied Soft Computing, 175, 113112. https://doi.org/10.1016/j.asoc.2025.113112.
• Bouri, E., Benbachir, S., & ElAlawi, M. (2025). How Bitcoin market trends affect major cryptocurrencies. Physica A - Statistical Mechanics and its Applications, 668, 130587. https://doi.org/10.1016/j.physa.2025.130587.
• Basirianmahabadi, E., Lashkaripour, M., Hosseini, S.M., & Bouri, E. (2025). Bitcoin Production Process: An Inherent Barrier to Sustainability.  Energy Economics, 147, 108503. https://doi.org/10.1016/j.eneco.2025.108503.
• Bouri, E., & Demir, E. (2025). Bitcoin-to-gold ratio and stock market returns. Finance Research Letters, 81, 107456. https://doi.org/10.1016/j.frl.2025.107456.
• Babalos V., Bouri, E., & Gupta, R. (2025). Does the introduction of US spot Bitcoin ETFs affect major cryptocurrencies’ spot return and volatility? The Quarterly Review of Economics and Finance, 102, 102006. https://doi.org/10.1016/j.qref.2025.102006.
• Plastun, A., Bouri, E., Nekhili, R. (2025). Price anomalies in non-fungible token Coins. International Journal of the Economics of Business, 32(2), 157-177. https://doi.org/10.1080/13571516.2025.2500942. 
• Abuzayed, B.M., Alfayoumi, N.A., & Bouri, E. (2025). Geopolitical risk and the volatility of GCC stock markets around the war on the Gaza Strip. Defence and Peace Economics, https://doi.org/10.1080/10242694.2025.2500351.  
• Abuzayed, B.M., Alfayoumi, N.A., & Bouri, E. (2025). Gold for global airline stock indices during COVID-19 pandemic: Hedge or safe-haven asset? Journal of Air Transport Management, 127, 102791. https://doi.org/10.1016/j.jairtraman.2025.102791.
• Ullah, A., Bouri, E., Bukhari, W.A.A., Bukhari, A.A.A. (2025). Global Supply Chain Pressure and Chinese Business and Consumer Confidence. Research in International Business and Finance, 77, Part B, 102966. https://doi.org/10.1016/j.ribaf.2025.102966.
• Foglia, M., Plakandaras, B., Gupta, R., & Bouri, E. (2025). Rare Disasters and Multilayer Spillovers between Volatility and Skewness in International Stock Markets over a Century of Data: The Role of Geopolitical Risk. International Review of Economics & Finance, 101, 104183. https://doi.org/10.1016/j.iref.2025.104183.
• Wong, W.W., Zhu, Z., Jiang, I.M., & Bouri, E. (2025). Arbitrage Opportunities in No-Arbitrage Portfolios: The Case of Bitcoin and Treasury Bills.  Investment Analysts Journal, https://doi.org/10.1080/10293523.2025.2501469. 
• Bouri, E., Gupta, R., Marfatia, H.A., Nel, J. (2025). Do climate risks predict US housing returns and volatility? Evidence from a quantiles-based approach. Annals of Financial Economics, 20(1), 2550004. https://doi.org/10.1142/S2010495225500046
• Abuzayed, B.M., Alfayoumi, N.A., Arfaoui, N. and Bouri, E. (2025). Oil price shocks and green investments: Upside risks, hedging and safe-haven. North American Journal of Economics and Finance, 80, 102502. https://doi.org/10.1016/j.najef.2025.102502.
• Trichilli, Y., Rabbani, M.R., Bouri, E., & Boujelbène, M. (2025). Hedging Islamic assets with blockchain Halal index: A regime switching model. Review of Financial Economics, http://doi.org/10.1002/rfe.70021.
• Zhang, L., Bouri, E., & Chen, Y. (2025). Dynamics of co-bubble network across commodity futures prices. Energy Economics, 150, 108839. https://doi.org/10.1016/j.eneco.2025.108839.
• Bouri, E., Jalkh, N., & Demir, E. (2025). Higher-Order Co-Moment Contagion during Trump’s Second Presidential Term: A Trade Policy Uncertainty Perspective. Research in International Business and Finance, 79, 103028. https://doi.org/10.1016/j.ribaf.2025.103028.
• Chen, Y., Liu, Y., Bouri, E., & Zhang, L. (2025). Jump imbalance and Chinese stock market returns. Pacific-Basin Finance Journal, https://doi.org/10.1016/j.pacfin.2025.102923. 
• Salisu, A., Ogbonna, A.E., Gupta, R., & Bouri, E. (2025). Forecasting Spot and Futures Price Volatility of Agricultural Commodities: The Role of Climate-Related Migration Uncertainty. Research in International Business and Finance   80, 103133. https://doi.org/10.1016/j.ribaf.2025.103133 . 
• Anas, M., Bouri, E., & Shahzad, S.J.H. (2025). A Comparative Bibliometric Analysis of Five Major Energy Journals. Energy Economics, 150, 108839. https://doi.org/10.1016/j.eneco.2025.108899. 
• Liu, R., Gupta, R., & Bouri, E. (2025). Conventional and Unconventional Monetary Policy Rate Uncertainty and Stock Market Volatility: A Forecasting Perspective. Studies in Nonlinear Dynamics & Econometrics, https://doi.org/10.1515/snde-2024-0108 . 

Book chapters

• Bouri, E., Gupta, R., Lau, C.K.M., & Roubaud, D. (2020). The predictability between Bitcoin and US technology stock returns: Granger causality in mean, variance, and quantile. In: Corbet, S., Urquhart, A., & Yarovaya, L. (Eds.).Cryptocurrency and Blockchain Technology (1).  Walter de Gruyter GmbH & Co KG. 77–96. https://doi.org/10.1515/9783110660807-005  
• Dutta, P., Dutta, A., & Bouri, E. (2024). How does Corporate Environmental Performance Impact the Stock Performance of Finnish Firms? Implications for Sustainability. In: Hunjra, A.I., Goodell, J.W. (eds) The Palgrave Handbook of Green Finance for Sustainable Development. Palgrave Studies in Impact Finance(). Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-65756-6_16.
• Bouri, E., Gupta, R., & Rossini, L. (2025). The Role of the Monthly ENSO in Forecasting the Daily Baltic Dry Index.In Reference Module in Social Sciences, Encyclopedia of Monetary Policy, Financial Markets and Banking, 493-499. https://doi.org/10.1016/B978-0-44-313776-1.00089-1
• Shahzad, S.J.H., Bouri, E., Kang, S.H., & Saeed, T. (2025). Regime Specific Spillover Across Cryptocurrencies and the Role of COVID-19. In: Kou, G., Li, Y., Zhang, Z., Zhao, J.L., Zhuo, Z. (eds) Blockchain, Crypto Assets, and Financial Innovation. Springer, Singapore. https://doi.org/10.1007/978-981-96-6839-7_11.
• Mokni, K., Montasser, G.E., Ajmi, A.N., & Bouri, E. (2025). On the Efficiency and Its Drivers in the Cryptocurrency Market: The Case of Bitcoin and Ethereum. In: Kou, G., Li, Y., Zhang, Z., Zhao, J.L., Zhuo, Z. (eds) Blockchain, Crypto Assets, and Financial Innovation. Springer, Singapore. https://doi.org/10.1007/978-981-96-6839-7_6.
• Cheema, M.A., Szulczyk, K.R., & Bouri, E. (2025). Does economic policy uncertainty predict cryptocurrency returns?. In: Christopher E C Gan, E.C., Hewa-Wellalage, N., and Hunjra, A.I. (eds) Digital Banking and Finance: A Handbook. World Scientific Publishing, https://doi.org/10.1142/9781800616257_0011.