Research in International Business and Finance

Article	Citations
Editorial Board	482
Are real interest rates a monetary phenomenon? Evidence from 700 years of data	384
Related party lending and rural bank risk: Evidence during the Covid-19 period	208
Monetary policy and currency variance risk premia	197
The logics of sovereign credit ratings in developed and developing countries	172
Controlling shareholder’s escape threat: Foreign residency rights and stock price crash risk	168
Bubbles, crashes, and financial market contagion: Evidence from G7 economies	162
Corrigendum to “Carbon pricing and sovereign credit risk: A threshold analysis of policy design and economic structure for climate-fiscal resilience” [Res. Int. Bus. Financ. 81 (2025) 103197]	151
COVID-19, a blessing in disguise for the Tech sector: Evidence from stock price crash risk	151
U.S.–China relations and cross-border capital flows: Is digital technology a “Buffer” or a “Booster”?	140
Corporate venture capital and firm productivity: Evidence from China	135
Internal control opinion shopping: Does initial audit fee discounting matter?	135
Emerging market multinationals’ pursuit of strategic assets through cross-border acquisitions	129
Navigating sustainable finance: Examining the impact of sustainable credit policy on energy consumption intensity	122
Unraveling the phenomenon of Born Globals from emerging markets: a systematic literature review and research agenda	120
EU-27 bank failure prediction with C5.0 decision trees and deep learning neural networks	120
Asymmetric dynamics between geopolitical conflict sentiment and cryptomarkets	115
Carbon emissions and discontinued operations	115
Asset encumbrance in banks: Is systemic risk affected?	115
The impact of insider-appointment on the fulfillment of M&A performance commitments: Based on the power-responsibility paradox	106
Are institutional investors effective monitors in a country where closely held firms predominate? Insights from agency problem-driven dividend payouts	105
Global economic uncertainty and the Chinese stock market: Assessing the impacts of global indicators	104
Impact of corporate philanthropy on firm performance: The moderating role of board structure	93
Does fintech drive sustainability? Insights from clean energy and global partnerships	93
The effects of portfolio rebalancing strategies on the performance of global mutual funds	91

Performance of ESG-integrated smart beta strategies in Asia-Pacific stock markets	87
Digital finance, institutional quality, and air pollution: Evidence from China	87
Unpacking energy consumption in China's urbanization: Industry development, population growth, and spatial expansion	86
Has FinTech changed the sensitivity of corporate investment to interest rates?—Evidence from China	86
ESG news and firm value: Evidence from China’s automation of pollution monitoring	84
Accounting for digital currencies	83
Vertical institutional ownership and analyst forecast bias: Evidence from industry chain equity linkages	82
ESG leaders and crypto currency market: Asymmetric TVP-VAR connectedness and investment approaches	80
Corporate governance, fraud learning cycles, and financial fraud detection: Evidence from Chinese listed firms	80
Analyst optimism and market sentiment: Evidence from European corporate sustainability reporters	79
Credit risk prediction based on loan profit: Evidence from Chinese SMEs	78
Does market microstructure affect time-varying efficiency? Evidence from emerging markets	76
Understanding the impact of the financial technology revolution on systemic risk: Evidence from US and EU diversified financials	76
ESG reputational risk and market valuation: Evidence from the European banking industry	75
Can non-punitive regulation curb corporate greenwashing?Evidence from a word embedding model	75
Quantile connectedness between Chinese stock and commodity futures markets	74
Connectedness and systemic risk between FinTech and traditional financial stocks: Implications for portfolio diversification	73
Extreme return connectedness among renewable energy and rare earth markets: The role of global factors	73
Editorial Board	71
Are stock markets efficient with respect to the Google search volume index? A robustness check of the literature studies	69
Why do entrepreneurial firms switch lead venture capital? A double-sided matching perspective	69
Market response to environmental social and governance performance: A global analysis	68
The takeover Tango: Unraveling the impact of state-owned enterprise acquisitions on American competitors	68
The effects of regulatory mechanism on enterprise carbon reduction policies	68
Does common ownership affect stock price synchronicity?	67
Dynamic risk and hedging strategies in post-COVID digital asset sectors	66
Guarantee requirements by European central counterparties and international volatility spillovers	66
Revisiting asset co-movement: Does network topology really matter?	66
The effect of the 2008–09 short selling sales ban on UK security equities in relation to market metrics of volatility, liquidity, and price discovery	66
Hedge funds and sentiment-induced overpricing: Arbitrageurs or speculators?	65
Influence of social sustainable development goals sentiment on listed companies	65
How do deep-level and surface-level board diversity affect bank risk?	65
FinTech and unemployment: New evidence on the role of labor market regulation	64
Precious metals and currency markets during the Russia-Ukraine conflict’s inflationary periods	64
Trade credit financing, social trust, and financial distress: Evidence from Chinese listed companies	64
Bank equity returns and oil prices: The story from U.S. regional banks during the “shale oil” revolution	63
The motivations and influencing factors of share pledging: An analysis of pledging and trading strategies	63
Analysing and forecasting co-movement between innovative and traditional financial assets based on complex network and machine learning	63
Sovereign credit ratings, fiscal burden and corporate investment policies: An international evidence	61
Global Stock Markets during Covid-19: Did Rationality Prevail?	61
Market competition and strategic interaction in the Spanish FinTech industry	61
Climate risk, informal lending default, and financial risk spillovers: A dual perspective of physical and transition risks	61
Predicting financial cycles with dynamic ensemble selection frameworks using leading, coincident and lagging indicators	61
Natural gas and financial commodities towards resilience: A novel factor-based connectedness model	60
How does the effectiveness of external supervision affect corporate opportunistic behavior? Identification based on corporate R&D manipulation	60
Banking on the brink: An incremental cost-based view of financial stress	59
Firm digitalization and bank lending: Evidence from China	59
Can CFOs improve enterprise loan bargaining power? An empirical analysis based on CFO characteristics	58
The impact of blue finance on sustainable development in marine ranching: Exploring multiple pathway	57
Volatility transmission in the property market during two inflationary periods: The 2008–2009 global financial crisis and the COVID-19 crisis	57

Does Confucian culture affect shadow banking activities? Evidence from Chinese listed companies	57
How does climate risk affect corporate financialization?	56
Central Bank Digital Currencies: Agendas for future research	56
A sparsity algorithm for finding optimal counterfactual explanations: Application to corporate credit rating	56
How do Chinese urban investment bonds affect its economic resilience? Evidence from double machine learning	54
Nurturing finance and harvesting intelligence: The green growth of urban industrial intelligence fueled by green finance	54
Financial inclusion, digital technology, and economic growth: Further evidence	54
Sports failures and stock returns between rationality and emotionality: Evidence from the UEFA Champions League	53
Institutional investors, heterogeneity, and capital structure decisions: Evidence from an emerging market	52
The digital economy and entrepreneurial dynamics: An empirical analysis of urban regions in China	51
Does Supply Chain Finance (SCF) alleviate funding constraints of SMEs? Evidence from China	51
Green finance and green innovation: the Moderating role of ESG and synergies with inclusive finance	51
Towards the estimation of ESG ratings: A machine learning approach using balance sheet ratios	50
The impact of environmental protection fee-to-tax reform on differentiated environmental management behavior of firms	50
Entrepreneurship in the digital era	50
Does data asset disclosure contribute to the market efficiency? Evidence from China	50
Effect of twitter investor engagement on cryptocurrencies during the COVID-19 pandemic	49
Mutual fund herding and audit pricing	49
CEOs’ green governance abilities and corporate green innovation	49
Editorial Board	49
Institutional investor information network, analyst forecasting and stock price crash risk	49
Digital transformation and trade credit provision: Evidence from China	49
Interconnectedness in the FOREX market during the high inflation regime: A network analysis	48
Intrafirm inventor network integration and cross-sectional stock returns	48
Analyzing spillover dynamics between semiconductor and clean energy stocks: A higher-order moment approach	48
Genetic distance and cross-border M&A completion: Evidence from Chinese firms	47
How can firms' transition to a low-carbon economy affect the distance to default?	47
Military experience and sustainable development goal disclosure	47
Treasure hunt in emerging markets: Empirical evidence for European pension funds	47
Brand capital and corporate stock risk: A theoretical and empirical analysis	47
The effect of ESG performance on value creation of strategic alliances	46
Demographic structure and SME credit availability: Rethinking SME finance amid unprecedented demographic transformations	46
Liquidity creation in dual banking systems: Do insolvency reforms matter?	46
Decentralized autonomous organizations: The new global digital venture capital	45
How carbon markets reshape the structure of traditional energy markets: New evidence from EU energy and carbon markets	45
Nonlinear effects of FinTech adoption on ESG disclosure: Evidence from emerging economies and the role of institutional heterogeneity	45
What determines potential usage of the digital euro?	45
Synthetic data generation with deep generative models to enhance predictive tasks in trading strategies	45
Peer effects in corporate advertisement expenditure: Evidence from China	45
Financial inclusion and bank stability in ASEAN: A non-linear analysis of risk and opportunity	45
Day-night anomaly returns in China: The role of institutions	45
Extraction of characteristic information from financial super-long texts and prediction of corporate violations	45
Sequential management of energy and low-carbon portfolios	44
Are base layer blockchains establishing a new sector? Evidence from a connectedness approach	44
An evolutionary analysis of the diffusion of low-carbon technology innovation in supply networks	44
China’s secondary privatization and corporate investment efficiency	44
The impact of green public finance and green taxes on environmental and non-environmental innovation	44
Combination of antecedent conditions affecting the development of Chinese new energy market based on fuzzy sets	44
Registration reform and stock mispricing: Causal inference based on double machine learning	43
Does policy-oriented environmental disclosure increase market uncertainty? Evidence from stock price volatility in China	43
Female political leaders and R&D investment	43
Futures markets and the baltic dry index: A prediction study based on deep learning	42
Is gold still a safe haven for stock markets? New insights through the tail thickness of portfolio return distributions	42
Can big data inhibit earnings management in corporations? — An analysis based on national big data comprehensive pilot zones	42
Firms’ perceived trade policy uncertainty and management’s disclosure strategies: Evidence from financial statement comparability	42
The impact of economic uncertainty on corporate ESG performance: Global evidence	42
Payout policy and ESG: A European investigation	42
Systemic tail dependence in disruptive technology ETFs & crypto assets: A partial correlation network	42
CEO narcissism and ESG misconduct	41
Investment efficiency under financial constraints: The role of CEO power	41
Network structure, dynamic evolution and block characteristics of sovereign debt risk: The global evidence	40
Imported financial risk in global stock markets: Evidence from the interconnected network	40
Share pledging of controlling shareholders and corporate social responsibility disclosure	40
Firm-level political risk and CEO compensation	39
How do women directors ensure corporate ethics? The role of board tenure	39
Climate laws and financial stability	38
Decomposition of social networks and household purchase of insurance as knowledge products	38
The dichotomy of inclusiveness and vulnerability as a consequence of banking platform development	38
Is soft information substitutive or complementary to hard news for investor attention? Evidence from corporate advertising in Japan	38
Does digital finance aggravate bank competition? Evidence from China	38
Overconfident male CEOs and corporate outcomes: The moderating role of female CFOs	38
Portfolio insurance strategy in the cryptocurrency market	38
Uncertainty words and corporate information environment	38
Forecasting corporate bankruptcy in imbalanced datasets using a new hybrid machine learning approach	38
Corrigendum to “Accounting for digital currencies” [Res. Int. Bus. Financ. 64 (2023) 101897]	38
Climate risk and banking stability in China: A dynamic analysis from the short- and long-term perspectives	37
Do conventional and new energy stock markets herd differently? Evidence from China	37
Corporate bond defaults and spillover effects on bank risk: Evidence from city commercial banks in China	37
Infectious disease equity market volatility, geopolitical risk, speculation, and commodity returns: Comparative analysis of five epidemic outbreaks	37
From ESG risk to financial strength: How controversy management and corporate governance shape resilience	37

Market-based environmental regulations and green innovation: Evidence from the pilot carbon markets in China	37
Dynamic response of the natural interest rate to extreme climate	37
Unleashing stock volatility and its implications for stock crash risk: Evidence from China’s price limit policies	37
Does utilizing smart contracts induce a financial connectedness between Ethereum and non-fungible tokens?	36
A tale of two revolutions: Environmental, social, and governance performance and dividend policy in Egyptian-listed companies during unstable times	36
Market responses to sentiment shocks: A machine learning approach to major sporting events	36
Firm-level real climate risk, institutional investors, and green innovation	36
Exploring the nexus between sustainable energy tokens, electric vehicles, and the hydrogen economy	36
How does macroeconomic uncertainty influence energy futures?: Evidence from extraordinary events	36
Does government ownership influence the dividend payments of European banks?	36
IPOs and firms’ financial distress risk: International evidence	35
How do FinTech companies contribute to the achievement of SDGs? Insights from case studies	35
Changes in supply chain relationships and the enterprise internationalization process	35
The geographic distance of independent directors and stock price crash risk: Evidence from China	35
Internationalization and donations allocated to domestic market: Evidence from emerging market SMEs	35
The performance of green bond portfolios under climate uncertainty: A comparative analysis with conventional and black bond portfolios	35
Does firm environmental performance mitigate the market reaction to COVID-19 uncertainty?	34
Does ESG information disclosure increase firm value? The mediation role of financing constraints in China	34
Local government debt and firm productivity: Evidence from China	34
Expansion of local government debt and stock price crash risk: Evidence from China	34
Corporate ESG performance and credit misallocation: Evidence from China	34
When stock price crash risk meets fundamentals	33
Price limits, investor asset allocation, and price volatility: Evidence from China’s registration-based IPO reform	33
Asymmetry in returns and volatility between green financial assets, sustainable investments, clean energy, and international stock markets	33
Influence of share pledging on corporate social responsibility: Evidence from India	33
The impact of debt: International versus local debt in microfinance organizations	33
A Support Vector Machine model for classification of efficiency: An application to M&A	33
Effects of family ownership and family management on the performance of entrepreneurial firms	33
Financial inclusion and income inequality in developing countries: The role of aging populations	33
Uncovering patterns of fintech behavior in Italian banks: A multidimensional statistical analysis	33
Multilayer network analysis of investor sentiment and stock returns	33
Higher-order and cross-moment spillovers among emerging technology, sustainable investing and traditional financial markets: Insights from multi-dimensional driving factors	33
The fintech revolution: Exploring the potential of fintech finance in reducing corporate credit constraints	33
The importance of owner loans for rebalancing the capital structure of small knowledge-intensive service firms	32
ESG reactions to fintech: The role of cross-border capital flows	32
Large scale mean-variance strategies in the U.S. stock market	32
How does the geographic concentration of institutional investors affect corporate risk? Evidence from China	32
Social trust and the demand for audit quality	32
Mutual fund flows and returns dynamics: Investor preferences and performance persistence	32
Green money talks: Does green bond issuance promote corporate green governance?	32
Strategic fit of potential M&As between dual banks and conventional banks: Does Islamic banking matter?	32
Three channels of monetary policy international transmission: Identifying spillover effects from the US to China	32
The heterogeneity of innovation, government R&D support and enterprise innovation performance	32
Web search volume acceleration and cross-sectional returns	32
Zero-leverage and firm performance – Evidence from Taiwan	32
Climate policy uncertainty and corporate greenwashing: Developing a new metric for selective investment practices	31
How do industry tournament incentives affect firm debt maturity?	31
Local optimistic expectations and corporate capital structure decisions	31
Does passive ownership affect corporate governance? Evidence from the Bank of Japan’s ETF purchasing program	31
Forecasting aggregate stock market volatility with industry volatilities: The role of spillover index	31
Left to their own devices: Ownership concentration and payout policy	31
Italian SMEs and access to credit: Does being “green” matter?	31
Digital payments and GDP growth: A behavioural quantitative analysis	30
ESG disclosure and investment-financing maturity mismatch: Evidence from China	30
Dynamic interlinkages between carbon risk and volatility of green and renewable energy: A TVP-VAR analysis	30
Dancing with dragon: The RMB and developing economies’ currencies	30
Forecasting gold volatility with geopolitical risk indices	30
The role of culture in driving innovation: A quasi-natural experiment from China	30
The influence of institutional void and socio-cultural factors on the internationalization of emerging multinationals	30
Artificial intelligence and green innovation: Investigating the effects of executive pay and firm age	30
“Volatility in a Mug Cup”: Spillovers among cocoa, coffee, sugar futures and the role of climate policy risk	30
The impact of environmental, social, and governance (ESG) practices on investment efficiency in China: Does digital transformation matter?	30
The impact of European firms’ emissions reduction effectiveness on financial constraints: Evidence from the quintuple helix model perspective	29
Impact of environmental, social and governance initiatives on firm value: Analysis using AI-based ESG scores for Japanese listed firms	29
Interpretable selective learning in credit risk	29
Potential diversification benefits: A comparative study of Islamic and conventional stock market indexes	29
Uncertainty or investor attention: Which has more impact on Bitcoin volatility?	29
Harnessing digital finance for sustainability: An integrative review and research agenda	29
Global trends and insights into cryptocurrency-related financial crime	29
Determinants of credit spreads and cash flow-related lending in commercial real estate	28
Network centrality, style drift, and mutual fund performance	28
Can investors’ informed trading predict cryptocurrency returns? Evidence from machine learning	28
The governance nexus: The impact of CFO-CEO collusion on controlling shareholders’ equity pledging	28
Estimating time-varying factors’ variance in the string-term structure model with stochastic volatility	28
Redefining insurance through technology: Achievements and perspectives in Insurtech	28
How does international capital flows drive green technological innovation in emerging and developed markets?	28
Convergence or divergence? The impact of common institutional ownership on firms’ innovation trajectories	28
Multiscale information network among fossil energy, renewable energy and ESG investment under the Russo-Ukrainian conflict	28
An asymmetrical approach to understanding consumer characteristics in banking trust during the COVID-19 pandemic in Italy	28
Editorial Board	28
Price effects after one-day abnormal returns and crises in the stock markets	28
Finance and sales growth at the firms level in Iran: Does type of spending matter?	28
Cryptocurrencies and financial market stability: Theoretical modeling and empirical evidence of spillover effects from sequential attention cycles of crypto investors	28
Corporate misconduct and innovation: Evidence from the pharmaceutical industry	28
Signaling vs. agency theory: What drives dividends of promoter-owned firms during a crisis?	27
The development fit index of digital currency electronic payment between China and the one belt one road countries	27
Editorial Board	27
Following the crowd: peer effects in corporate annual report tone	27
Too big to fail: The aftermath of Silicon Valley Bank (SVB) collapse and its impact on financial markets	27
Emission trading policy and firm-level carbon disclosure in China: Unveiling the potential of market-based environmental regulation	27
The determinants and consequences of tax avoidance: A psychological contract perspective	27
Does the porter hypothesis work well in the emission trading schema pilot? Exploring moderating effects of institutional settings	27
The determinants of issuing central bank digital currencies	27
Do north–south cultural differences affect share repurchases?—Evidence from China	27
Does financial inclusion affect corporate risk-taking?	27