JOURNALOFFINANCIALANDQUANTITATIVEANALYSIShttps://doi.org/10.1017/S0022109023000789PublishedonlinebyCambridgeUniversityPress©TheAuthor(s),2023.PublishedbyCambridgeUniversityPressonbehalfoftheMichae...