**About the Editor**

**Michael McAleer** PhD (Economics), 1981, from Queen's University, Canada. He is University Research Chair Professor, Department of Finance, Asia University, Taiwan; Erasmus Visiting Professor of Quantitative Finance, Econometric Institute, Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands; Adjunct Professor, Department of Economic Analysis and ICAE, Complutense University of Madrid (founded 1293), Spain; Adjunct Professor, Department of Mathematics and Statistics, University of Canterbury, New Zealand; and IAS Adjunct Professor, Institute of Advanced Sciences, Yokohama National University, Japan. On numerous occasions, he has been a visiting professor at the University of Tokyo, Kyoto University, Osaka University, Kobe University, and Yokohama National University, Japan; University of Padova (founded 1222), Italy, Complutense University of Madrid (founded 1293), Spain; Foscari University of Venice, Italy; University of Zurich, Switzerland; University of Hong Kong, Chinese University of Hong Kong; and Hong Kong University of Science and Technology. China. He is an elected Distinguished Fellow of the International Engineering and Technology Institute (DFIETI), and an elected Fellow of the Academy of the Social Sciences in Australia (FASSA), International Environmental Modelling and Software Society (FIEMSS), Modelling and Simulation Society of Australia and New Zealand (FMSSANZ), Tinbergen Institute, The Netherlands,*Journal of Econometrics* and *Econometric Reviews*. He is the Editor-in-Chief of six international journals, is on the editorial boards of a further 40+ international journals, and has served as co-Guest Editor of numerous Special Issues of the *Journal of Econometrics* (Elsevier), *Econometric Reviews* (Taylor and Francis), *Environmental Modelling and Software* (Elsevier),*Mathematics and Computers in Simulation* (Elsevier), *North American Journal of Economics and Finance* (Elsevier), *International Review of Economics and Finance* (Elsevier), *Annals of Financial Economics* (World Scientific), *Journal of Risk and Financial Management* (MDPI), *Sustainability* (MDPI), *Energies* (MDPI), *Risks* (MDPI), *Journal of Economic Surveys* (Wiley), *Economic Record* (Wiley), *Advances in Decision Sciences* (Asia University), and *China Finance Review International* (Emerald). In terms of academic publications, he has published 880+ journal articles and books in economics, theoretical and applied financial econometrics, quantitative finance, risk and financial management, theoretical and applied econometrics, theoretical and applied statistics, time series analysis, energy economics and finance, sustainability, environmental modelling, carbon emissions, climate change econometrics, forecasting, informatics, data mining, bibliometrics, and international rankings of journals and academics.

#### **Preface to "Review Papers for Journal of Risk and Financial Management (JRFM)"**

This book comprises an editorial and seven invaluable and interesting review papers for *Journal of Risk and Financial Management (JRFM)*. The covered topics include the rising complexity of bank regulatory capital requirements from global guidelines to their United States (US) implementation; connections among big data, computational science, economics, finance, marketing, management, and psychology; factors, outcome, and the solutions of supply chain finance, with a review and future directions; time-varying price–volume relationships; adaptive market efficiency and a survey of the empirical literature; improved covariance matrix estimation for portfolio risk measurement; stock investment and excess returns with a critical review in the light of the efficient market hypothesis and a cross section analysis of country equity returns; and a review of the empirical literature.

> **Michael McAleer** *Editor*

## *Editorial* **Review Papers for** *Journal of Risk and Financial Management* **(***JRFM***)**

**Michael McAleer 1,2,3,4,5**


Received: 14 August 2020; Accepted: 17 August 2020; Published: 18 August 2020

**Abstract:** This paper evaluates an editorial and seven invaluable and interesting review papers for the *Journal of Risk and Financial Management* (*JRFM*). The topics covered include the rising complexity of bank regulatory capital requirements from global guidelines to their United States (US) implementation, connections among big data, computational science, economics, finance, marketing, managemen<sup>t</sup> and psychology, factors, outcome, and the solutions of supply chain finance, with a review and future directions, time-varying price-volume relationship, adaptive market efficiency, and a survey of the empirical literature, improved covariance matrix estimation for portfolio risk measurement, stock investment and excess returns, with a critical review in the light of the efficient market hypothesis, and a cross section analysis of country equity returns, and a review of the empirical literature.

**Keywords:** bank regulatory capital requirements; big data; computational science; economics; finance; marketing; management; psychology; supply chain finance; price-volume relationship; adaptive market efficiency; covariance matrix estimation; portfolio risk measurement; stock investment; excess returns; efficient market hypothesis; country equity returns
