Imran Yousaf

Position:

Assistant Professor of Economics
Office:

CBPM B312
Email:

iyousaf@kean.edu

Education

PhD in Finance, 2020

M.Phil. in Economics and Finance, 2014

BBA (Hons) in Finance, 2012

Biography

Dr. Imran Yousaf is an Assistant Professor at College of Business and Public Management, Wenzhou-Kean University. He received his Doctoral degree in Finance from the Capital University of Science and Technology, Islamabad, Pakistan. Before joining WKU in 2022, he was an Assistant Professor of Finance at the Air University Islamabad. He has eight and half years of full-time teaching experience using case study pedagogy. He spent some time in the health service industry and State Bank of Pakistan before joining as a faculty member.

He has published his research in peer-reviewed academic journals, such as Energy Economics, Journal of International Financial Markets, Institutions & Money, International Review of Financial Analysis, Finance Research Letters, Journal of Behavioral and Experimental Finance, Pacific-Basin Finance Journal, International Review of Economics & Finance, Research in International Business and Finance, Emerging Markets Review, Economic Modelling, Annals of Operations Research, Global Finance Journal, North American Journal of Economics and Finance, International Journal of Emerging Markets, Financial Innovation, and Resources Policy etc. His research work has been featured in the ‘Institutional Investors’ financial magazine. He is serving as an Associate Editor for Research in International Business and Finance (RIBAF) and Editorial Board Member for two prestigious finance journals: Financial Innovation, and Annals of Financial Economics. He has published several case studies at Ivey Publishing.

Research Interests

FinTech & Cryptocurrencies
NFTs, Defi, and other tokens
Financial Market’s Connectedness
Hedging & Portfolio management
Contagion & Financial Crisis
Behavioral finance
Corporate Finance for family firms

Selected Publications

1. Yousaf, I., Suleman, M. T., & Demirer, R. (2022). Green investments: A luxury good or a financial necessity?. Energy Economics, 105, 105745. (SSCI-Q1, IF 12.8, ABDC A*, ABS 3)

2. Yousaf, I., Nekhili., R., & Umar, M. (2022). Extreme connectedness between renewable energy tokens and fossil fuel markets. Energy Economics, 114, 106305. (SSCI-Q1, IF 12.8, ABDC A*, ABS 3)

3. Ali, S., Ijaz, M. S., Yousaf, I., & Li, Y. (2023). Connectedness and portfolio management between renewable energy tokens and metals: evidence from TVP-VAR approach. Energy Economics. 127, 107103. (SSCI-Q1, IF 12.8, ABDC A*, ABS 3)

4. Yousaf, I., Youssef, M., & Goodell, J. W. (2024). Tail connectedness between artificial intelligence tokens, artificial intelligence ETFs, and traditional asset classes. Journal of International Financial Markets, Institutions and Money, 91, 101929. (SSCI-Q1, IF 4.0, ABDC A, ABS 3)

5. Abakah, E. J. A., Abdullah, M., Yousaf, I., Tiwari, A. K. (2024). Economic sanctions sentiment and global stock markets. Journal of International Financial Markets, Institutions & Money, 91,101910. (SSCI-Q1, IF 4.0, ABDC A, ABS 3)

6. Yousaf, I., Abrar, A., & Yarovaya, L. (2023). Decentralized and Centralized Exchanges: Which Digital Tokens Pose a Greater Contagion Risk?. Journal of International Financial Markets, Institutions & Money, 89, 101881. (SSCI-Q1, IF 4.0, ABDC A, ABS 3)

7. Yousaf, I., Pham, L., & Goodell, J. W. (2023). The connectedness between meme tokens, meme stocks, and other asset classes: Evidence from a quantile connectedness approach. Journal of International Financial Markets, Institutions & Money, 82, 101694. (SSCI-Q1, IF 4.0, ABDC A, ABS 3)

8. Mensi, W., Yousaf, I., Vo, X. V., & Kang, S. H. (2021). Asymmetric spillover and network connectedness between Gold, Brent oil, and EU subsector markets. Journal of International Financial Markets, Institutions & Money, 76, 101487. (SSCI-Q1, IF 4.0, ABDC A, ABS 3)

9. Jareño, F., & Yousaf, I. (2023). Artificial intelligence-based tokens: Fresh evidence of connectedness with artificial intelligence-based equities. International Review of Financial Analysis, 89, 102826. (SSCI-Q1, IF 8.2, ABDC A, ABS 3)

10. Yousaf, I., Nekhili, R., & Gubareva, M. (2022). Linkages between DeFi assets and conventional currencies: Evidence from the COVID-19 pandemic. International Review of Financial Analysis, 81, 102082. (SSCI-Q1, IF 8.2, ABDC A, ABS 3)

11. Yousaf, I., Youssef, M., & Goodell, J. W. (2022). Quantile connectedness between sentiment and financial markets: Evidence from the S&P 500 twitter sentiment index. International Review of Financial Analysis, 83, 102322. (SSCI-Q1, IF 8.2, ABDC A, ABS 3)

12. Yousaf, I., Jareño, F., & Esparcia, C. (2022). Tail connectedness between lending/borrowing tokens and commercial bank stocks. International Review of Financial Analysis, 84, 102417. (SSCI-Q1, IF 8.2, ABDC A, ABS 3)

13. Yousaf, I., Jareño, F., & Tolentino, M. (2023). Connectedness between Defi assets and equity markets during COVID-19: A sector analysis. Technological Forecasting and Social Change, 187, 122174. (SSCI-Q1, IF 12.0, ABDC A, ABS 3)

14. Yousaf, I., Qureshi, S., Qureshi, F., & Gubareva, M. (2023). Connectedness of COVID vaccination with economic policy uncertainty, oil, bonds, and sectoral equity markets: Evidence from the US. Annals of Operations Research. https://doi.org/10.1007/s10479-023-05267-9 (SSCI-Q2, IF 4.82, ABDC A, ABS 3)

15. Yousaf, U., Tauni, M. Z., Yousaf, I., & Su, N. (2023). Board competence and green innovation—Does external governance matter?. Business Strategy and the Environment. https://doi.org/10.1002/bse.3641. (SSCI-Q1, IF 13.4, ABDC A, ABS 3)

16. Yousaf, I., Abrar, A., & Goodell, J. W. (2024). Environmental attention and uncertainties of cryptocurrency market Examining linkages with crypto-mining stocks. Finance Research Letters, 59, 104672. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

17. Ali, S., Naveed, M., Yousaf, I., & Khattak, M. S. (2024). From Cryptos to Consciousness: Dynamics of Return and Volatility Spillover between Green Cryptocurrencies and G-7 Markets. Finance Research Letters, 60, 104899. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

18. Yousaf, I., Riaz, Y., & Goodell, J. W. (2023). The impact of the SVB collapse on global financial markets: Substantial but narrow. Finance Research Letters, 55, 103948. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

19. Yousaf, I., & Goodell, J. W. (2023). Reputational contagion and the fall of FTX: Examining the response of tokens to the delegitimization of FTT. Finance Research Letters, 54, 103704. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

20. Yousaf, I., Riaz, Y., & Goodell, J. W. (2023). Integration between asset management tokens, asset management stock, and other financial markets: Evidence from TVP-VAR modeling. Finance Research Letters, 57, 104276. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

21. Yousaf, I., & Goodell, J. W. (2023). Linkages between CBDC and cryptocurrency uncertainties, and digital payment stocks. Finance Research Letters, 54, 103765. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

22. Yousaf, I., Riaz, Y., & Goodell, J. W. (2023). What do responses of financial markets to the collapse of FTX say about investor interest in cryptocurrencies? Event-study evidence. Finance Research Letters, 53, 103661. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

23. Yousaf, I., Abrar, A., & Goodell, J. W. (2023). Connectedness between travel & tourism tokens, tourism equity, and other assets. Finance Research Letters, 53, 103595. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

24. Yousaf, I., & Goodell, J. W. (2023). Responses of US equity market sectors to the Silicon Valley Bank implosion. Finance Research Letters, 55, 103934. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

25. Yousaf, I., Riaz, Y., & Goodell, J. W. (2023). Energy cryptocurrencies: Assessing connectedness with other asset classes. Finance Research Letters, 52, 103389. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

26. Yousaf, I., & Yarovaya, L. (2022). Herding behavior in conventional cryptocurrency market, non-fungible tokens, and DeFi assets. Finance Research Letters, 50, 103299. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

27. Yousaf, I., & Yarovaya, L. (2022). The relationship between trading volume, volatility and returns of Non-Fungible Tokens: evidence from a quantile approach. Finance Research Letters, 50, 103175. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

28. Yousaf, I., & Hassan, A. (2019). Linkages between crude oil and emerging Asian stock markets: new evidence from the Chinese stock market crash. Finance Research Letters, 31, 207-217. (SSCI-Q1, IF 10.4, ABDC A, ABS 2)

29. Yousaf, I., Hunjra, A. I., Alshater, M. M., 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. (SSCI-Q1, IF 4.6, ABDC A, ABS 2)

30. Al-Nassar, N., Yousaf, I., & Beljid, M. (2023). Spillovers between the positively and negatively affected service sectors from the COVID-19 health crisis. Pacific Basin Finance Journal, 79, 102009. (SSCI-Q1, IF 4.6, ABDC A, ABS 2)

31. Yousaf, I., & Yarovaya, L. (2022). Spillovers between the Islamic gold-backed cryptocurrencies and equity markets during the COVID-19: A sectorial analysis. Pacific Basin Finance Journal, 71, 101705. (SSCI-Q1, IF 4.6, ABDC A, ABS 2)

32. Umar, Z., Yousaf, I., Gubareva, M., & Vo, X. V. (2022). Spillover and risk transmission between the term structure of the US interest rates and Islamic equities. Pacific Basin Finance Journal, 72, 101712. (SSCI-Q1, IF 4.6, ABDC A, ABS 2)

33. Yousaf, I., Beljid, M., Chaibi, A., & Ajlouni, A. A. (2022). Do volatility spillover and hedging among GCC stock markets and global factors vary from normal to turbulent periods? Evidence from the global financial crisis and Covid-19 pandemic crisis. Pacific Basin Finance Journal. 73, 101764. (SSCI-Q1, IF 4.6, ABDC A, ABS 2)

34. Umar, Z., Yousaf, I., & Aharon, D. (2021). The relationship between yield curve components and equity sectorial indices: Evidence from China. Pacific Basin Finance Journal, 68, 101591. (SSCI-Q1, IF 4.6, ABDC A, ABS 2)

35. Yousaf, I., Pham, L., & Goodell, J. W. (2023). Interconnectedness between healthcare tokens and healthcare stocks: Evidence from a quantile VAR approach. International Review of Economics & Finance, 86, 271-283. (SSCI-Q1, IF 4.5, ABDC A, ABS 2)

36. Naeem, M. A., Yousaf, I., Karim, S., Farid, S., & Tiwari, A. K. (2023). Comparing asymmetric price efficiency in regional ESG markets before and during COVID-19. Economic Modelling, 118, 106095. (SSCI-Q1, IF 4.7, ABDC A, ABS 2)

37. Yousaf, I., Jareño, F., & Martínez-Serna, M. I. (2023). Extreme spillovers between insurance tokens and insurance stocks: Evidence from the quantile connectedness approach. Journal of Behavioral and Experimental Finance, 39, 100823. (SSCI-Q1, IF 6.6, ABDC A)

38. Yousaf, I., Patel, R., & Yarovaya, L. (2022). The reaction of G20+ stock markets to the Russia-Ukraine conflict. Journal of Behavioral and Experimental Finance, 35, 100723. (SSCI-Q1, IF 6.6, ABDC A)

39. Umar, Z., Gubareva, M., Yousaf, I., & Ali, S. (2021). A tale of company fundamentals vs sentiment driven pricing: The case of GameStop. Journal of Behavioral and Experimental Finance, 30, 100501. (SSCI-Q1, IF 6.6, ABDC A)

40. Yousaf, I., & Yarovaya, L. (2022). Static and dynamic connectedness between NFTs, Defi and other assets: portfolio implication. Global Finance Journal, 53, 100719. (SSCI-Q1, IF 5.2, ABDC A, ABS 2)

Case Studies

Yousaf, I., Li, F., & Nawaz, A. (2021). Identifying Industries through Financial Statement Analysis: Pakistan 2017. Ivey ID: 9B21B012. Canada: Ivey Publishing.
Web link: https://hbsp.harvard.edu/product/W21321-PDF-ENG

Yousaf, I., Li, F., & Nawaz, A. (2021). Anwal Gas Traders: Capital Budgeting for Expansion Project. Ivey ID: W25080. Canada: Ivey publishing.
Web link: https://hbsp.harvard.edu/product/W25080-PDF-ENG

Li, F., Yousaf, I., & Nawaz, A. (2021). Identifying Industries: Financial Statement Analysis and Financial Ratio Analysis. Ivey ID: W25421_P. Canada: Ivey publishing.
Web link: https://hbsp.harvard.edu/product/W25421-PDF-ENG

Nawaz, A., Yousaf, I., & Li, F. (2023). Imaam Spinning Mills: Cost of Capital of a Private Company. Ivey ID: W34046. Canada: Ivey publishing. Web link: https://hbsp.harvard.edu/product/W34046-PDF-ENG