Research in International Business and Finance

Article	Citations
Stock markets’ reaction to COVID-19: Cases or fatalities?	766
Are cryptocurrencies a safe haven for equity markets? An international perspective from the COVID-19 pandemic	386
Can fintech improve the efficiency of commercial banks? —An analysis based on big data	193
ESG disclosure and Firm performance: A bibliometric and meta analysis	183
Innovation as recovery strategy for SMEs in emerging economies during the COVID-19 pandemic	173
Artificial intelligence and machine learning in finance: A bibliometric review	146
COVID-19, government policy responses, and stock market liquidity around the world: A note	134
The impact of COVID-19 on the stock market crash risk in China	118
A systematic review of the bubble dynamics of cryptocurrency prices	109
Impact of COVID-19 on stock market efficiency: Evidence from developed countries	93
Does COVID-19 open a Pandora's box of changing the connectedness in energy commodities?	93
On the nonlinear relationship between energy use and CO2 emissions within an EKC framework: Evidence from panel smooth transition regression in the MENA region	91
Are stablecoins truly diversifiers, hedges, or safe havens against traditional cryptocurrencies as their name suggests?	87
Trade credit research before and after the global financial crisis of 2008 – A bibliometric overview	87
Does economic policy uncertainty affect cryptocurrency markets? Evidence from Twitter-based uncertainty measures	87
A bibliometric analysis of ESG performance in the banking industry: From the current status to future directions	85
Corporate Social Responsibility Amid Social Distancing During the COVID-19 Crisis: BRICS vs. OECD Countries	81
How do financial globalization, institutions and economic growth impact financial sector development in European countries?	77
Did COVID-19 change spillover patterns between Fintech and other asset classes?	77
Oil prices and economic policy uncertainty: Evidence from global, oil importers, and exporters’ perspective	76
Blockchain in banking and finance: A bibliometric review	76
Return and volatility spillovers between energy and BRIC markets: Evidence from quantile connectedness	76
How does corporate social responsibility affect financial performance, financial stability, and financial inclusion in the banking sector? Evidence from Pakistan	75
In search of safe haven assets during COVID-19 pandemic: An empirical analysis of different investor types	72
The historic oil price fluctuation during the Covid-19 pandemic: What are the causes?	67

Volatility spillover between economic sectors in financial crisis prediction: Evidence spanning the great financial crisis and Covid-19 pandemic	67
Financial crises and the dynamics of the spillovers between the U.S. and BRICS stock markets	67
Can FinTech improve corporate investment efficiency? Evidence from China	66
Impact of the Covid-19 induced panic on the Environmental, Social and Governance leaders equity volatility: A time-frequency analysis	66
Twitter-Based uncertainty and cryptocurrency returns	65
Banking sector reactions to COVID-19: The role of bank-specific factors and government policy responses	63
A firefly algorithm modified support vector machine for the credit risk assessment of supply chain finance	61
Does the porter hypothesis work well in the emission trading schema pilot? Exploring moderating effects of institutional settings	61
The impact of digital transformation of manufacturing on corporate performance — The mediating effect of business model innovation and the moderating effect of innovation capability	61
Does low-carbon pilot city program reduce carbon intensity? Evidence from Chinese cities	58
Central Bank Digital Currencies: Agendas for future research	57
Nonlinear dynamic correlation between geopolitical risk and oil prices: A study based on high-frequency data	56
The COVID-19 black swan crisis: Reaction and recovery of various financial markets	56
COVID-19 Sentiment and the Chinese Stock Market: Evidence from the Official News Media and Sina Weibo	54
ESG disclosure and technological innovation capabilities of the Chinese listed companies	54
Comparing COVID-19 with the GFC: A shockwave analysis of currency markets	51
Machine learning sentiment analysis, COVID-19 news and stock market reactions	50
COVID-19 pandemic and economic policy uncertainty: The first test on the hedging and safe haven properties of cryptocurrencies	50
Asymmetric effect of COVID-19 pandemic on E7 stock indices: Evidence from quantile-on-quantile regression approach	50
Financing constraints and firm-level responses to the COVID-19 pandemic: International evidence	49
The impact of government environmental attention on firms’ ESG performance: Evidence from China	49
Green bond issuance and corporate ESG performance: Steps toward green and low-carbon development	48
Volatility communicator or receiver? Investigating volatility spillover mechanisms among Bitcoin and other financial markets	48
Studying the properties of the Bitcoin as a diversifying and hedging asset through a copula analysis: Constant and time-varying	47
Capture the contagion network of bitcoin – Evidence from pre and mid COVID-19	47
Economic policy uncertainty and stock liquidity: The mitigating effect of information disclosure	47
Artificial intelligence, digital transformation and cybersecurity in the banking sector: A multi-stakeholder cognition-driven framework	46
The impact of economic policy uncertainty on a firm’s green behavior: Evidence from China	46
Does the Covid-19 pandemic affect faith-based investments? Evidence from global sectoral indices	45
The role of economic structural factors in determining pandemic mortality rates: Evidence from the COVID-19 outbreak in France	45
COVID-19 social distancing and the US service sector: What do we learn?	44
Insurance and economic policy uncertainty	44
Insurance fraud detection: Evidence from artificial intelligence and machine learning	44
Uncertainty and herding behavior: evidence from cryptocurrencies	44
Modelling the nonlinear relationship between oil prices, stock markets, and exchange rates in oil-exporting and oil-importing countries	44
Controlling shareholder pledging and corporate ESG behavior	44
Time and frequency dynamics of connectedness and hedging performance in global stock markets: Bitcoin versus conventional hedges	44
COVID-19, stock market and sectoral contagion in US: a time-frequency analysis	43
Spatial econometric analysis of effect of New economic momentum on China’s high-quality development	43
Gold and US sectoral stocks during COVID-19 pandemic	43
Nonlinear tail dependence in cryptocurrency-stock market returns: The role of Bitcoin futures	43
On the short-term persistence of mutual fund performance in Europe	43
Determinants of bank risk governance structure: A cross-country analysis	42
The recovery of global stock markets indices after impacts due to pandemics	42
No more black boxes! Explaining the predictions of a machine learning XGBoost classifier algorithm in business failure	42
Are investors sensitive to climate-related transition and physical risks? Evidence from global stock markets	42
World equity markets and COVID-19: Immediate response and recovery prospects	42
The financial impact of COVID-19: Evidence from an event study of global hospitality firms	42
Sustainable finance and blockchain: A systematic review and research agenda	42
Central bank digital currencies: An agenda for future research	42

Dynamics of the sheltering role of Bitcoin against crude oil market crash with varying severity of the COVID-19: A comparison with gold	42
Does the US-China trade war affect co-movements between US and Chinese stock markets?	41
Digital transformation and trade credit provision: Evidence from China	40
COVID-19, government interventions and emerging capital markets performance	40
Countering money laundering and terrorist financing: A case for bitcoin regulation	39
Is idiosyncratic volatility priced in cryptocurrency markets?	38
Resource misallocation, production efficiency and outward foreign direct investment decisions of Chinese enterprises	38
Do non-traditional banking activities reduce bank liquidity creation? Evidence from Vietnam	38
Human Capital Allocation and Enterprise Innovation Performance: An Example of China's Knowledge-Intensive Service Industry	37
The role of global economic conditions in forecasting gold market volatility: Evidence from a GARCH-MIDAS approach	37
Corporate social responsibility and cost of capital: The moderating role of policy intervention	36
The influence of the COVID-19 pandemic on the hedging functionality of Chinese financial markets	36
Return spillover analysis across central bank digital currency attention and cryptocurrency markets	36
Downside risk in Dow Jones Islamic equity indices: Precious metals and portfolio diversification before and after the COVID-19 bear market	35
Artificial intelligence adoption in the insurance industry: Evidence using the technology–organization–environment framework	35
Investor attention and cryptocurrency: Evidence from wavelet-based quantile Granger causality analysis	35
Do sentiment trades explain investor overconfidence around analyst recommendation revisions?	34
Digital economy and business investment efficiency: Inhibiting or facilitating?	34
The impact of corporate governance and agency effect on earnings management – A test of the dual banking system	34
Border disputes, conflicts, war, and financial markets research: A systematic review	34
The role of internal corporate governance mechanisms on default risk: A systematic review for different institutional settings	34
Bank funding, market power, and the bank liquidity creation channel of monetary policy	33
Bitcoin’s price efficiency and safe haven properties during the COVID-19 pandemic: A comparison	33
Digital financial inclusion. Visualizing the academic literature	33
Investigating individual privacy within CBDC: A privacy calculus perspective	33
Multilayer network analysis of investor sentiment and stock returns	33
Past, present, and future of the application of machine learning in cryptocurrency research	32
Systemic stablecoin and the defensive case for Central Bank Digital Currency: A critique of the Bank of England’s framing	32
Stock market reactions to domestic sentiment: Panel CS-ARDL evidence	32
Investigating volatility spillover of energy commodities in the context of the Chinese and European stock markets	32
Vulnerability of financial markets in India: The contagious effect of COVID-19	32
Forecasting Value-at-Risk of Cryptocurrencies with RiskMetrics type models	31
Research on the accelerating effect of green finance on the transformation of energy consumption in China	31
Crude oil shocks and African stock markets	31
Does Supply Chain Finance (SCF) alleviate funding constraints of SMEs? Evidence from China	30
Economic policy uncertainty and financing structure: A new panel data evidence from selected Asian economies	30
Thirty years of herd behavior in financial markets: A bibliometric analysis	29
Bank liquidity hoarding and corporate maturity mismatch: Evidence from China	29
The performance of Islamic versus conventional stocks during the COVID-19 shock: Evidence from firm-level data	29
An examination of whether gold-backed Islamic cryptocurrencies are safe havens for international Islamic equity markets	29
Does digital innovation cause better ESG performance? an empirical test of a-listed firms in China	29
Governance and monetary policy impacts on public acceptance of CBDC adoption	29
Forecasting volatility of Bitcoin	28
The impact of bank FinTech on liquidity creation: Evidence from China	28
Do emerging and developed countries differ in terms of sustainable performance? Analysis of board, ownership and country-level factors	28
From me to you: Measuring connectedness between Eurozone financial institutions	28
Intraday volume-return nexus in cryptocurrency markets: Novel evidence from cryptocurrency classification	27
Capital regulation, competition and risk-taking: Policy implications for banking sector stability in the MENA region	27
The voice of minority shareholders: Online voting and corporate social responsibility	27
COVID-19 and stock returns: Evidence from the Markov switching dependence approach	27
Stock market volatility and the COVID-19 reproductive number	27
An extreme value analysis of the tail relationships between returns and volumes for high frequency cryptocurrencies	27
Linkage dynamics of sovereign credit risk and financial markets: A bibliometric analysis	27
Shadow banking business and firm risk-taking: Evidence from China	26
The conditioning role of performance on the bank risk-taking channel of monetary policy: Evidence from a multiple-tool regime	26
Central bank digital currencies and the international payment system: The demise of the US dollar?	26
The global economic policy uncertainty spillover analysis: In the background of COVID-19 pandemic	26
Ownership discrimination and private firms financing in China	26
The non-linear relationship between oil prices and stock prices: Evidence from oil-importing and oil-exporting countries	25
Quantile dependencies and connectedness between the gold and cryptocurrency markets: Effects of the COVID-19 crisis	25
Quantifying systemic risk in US industries using neural network quantile regression	25
The effects of daily growth in COVID-19 deaths, cases, and governments’ response policies on stock markets of emerging economies	24
Too big to fail: The aftermath of Silicon Valley Bank (SVB) collapse and its impact on financial markets	24
Determinants of financial inclusion in South Asia: The moderating and mediating roles of internal conflict settlement	24
Economic policy uncertainty and shadow banking: Firm-level evidence from China	24
Board governance and bank performance: A meta- analysis	24
Financial performances, entrepreneurial factors and coping strategy to survive in the COVID-19 pandemic: case of Vietnam	24
On the asymmetrical connectedness between cryptocurrencies and foreign exchange markets: Evidence from the nonparametric quantile on quantile approach	24
Can happiness predict future volatility in stock markets?	24
Shariah compliance and corporate cash holdings	24
“Digital Gold” and geopolitics	23
Venture capital financing during crises: A bibliometric review	23
Does confucianism influence corporate earnings management?	23
Excessive managerial entrenchment, corporate governance, and firm performance	23
The Role of National Culture in International Financial Reporting Standards Adoption	23
Acceptance of digital investment solutions: The case of robo advisory in Germany	23
Return and volatility properties: Stylized facts from the universe of cryptocurrencies and NFTs	23
Measurement and prediction of systemic risk in China’s banking industry	23
Five decades of research on capital budgeting – A systematic review and future research agenda	23
How does the COVID-19 affect earnings management: Empirical evidence from China	22

Exploring the predictability of cryptocurrencies via Bayesian hidden Markov models	22
EU-27 bank failure prediction with C5.0 decision trees and deep learning neural networks	22
Does compliance with corporate governance codes help to mitigate financial distress?	22
Multiscale information transmission between commodity markets: An EMD-Based transfer entropy network	22
Does green technology innovation matter to the cost of equity capital?	22
Economic policy uncertainty: Persistence and cross-country linkages	22
Does global climate risk encourage companies to take more risks?	22
A novel two-stage hybrid default prediction model with k-means clustering and support vector domain description	22
Performance of Canadian banks and oil price movements	22
Connectedness among fan tokens and stocks of football clubs	21
Earnings management and internal governance mechanisms: The role of religiosity	21
The impact of the ESG disclosure on sell-side analysts’ target prices: The new era post Paris agreements	21
Real returns from unreal world? Market reaction to Metaverse disclosures	21
Modelling the asymmetric linkages between spot gold prices and African stocks	21
Firm-level trade credit responses to COVID-19-induced monetary and fiscal policies: International evidence	21
External financing and earnings management: Evidence from international data	21
The impact of central bank digital currency news on the stock and cryptocurrency markets: Evidence from the TVP-VAR model	21
Multilayer networks in the frequency domain: Measuring extreme risk connectedness of Chinese financial institutions	20
Which industries benefited from Trump environmental policy news? Evidence from industrial stock market reactions	20
Effects of Price of Gold on Bombay Stock Exchange Sectoral Indices: New Evidence for Portfolio Risk Management	20
Existence of long memory in crude oil and petroleum products: Generalised Hurst exponent approach	20
Climate change and the pricing of sovereign debt: Insights from European markets	20
Naval disasters, world war two and the British stock market	20
Are there asymmetric linkages between African stocks and exchange rates?	20
Dynamic linkages among transparency, income inequality and economic growth in developing countries: Evidence from panel vector autoregressive (PVAR) model	20
Volatility spillovers between WTI and Brent spot crude oil prices: an analysis of granger causality in variance patterns over time	20
Reporting quality and financial leverage: Are qualitative characteristics or earnings quality more important? Evidence from an emerging bank-based economy	20
Asymmetric volatility dynamics in cryptocurrency markets on multi-time scales	20
The crossroads of ESG and religious screening on firm risk	20
Industry policy, cross-region investment, and enterprise investment efficiency	19
Media sentiment and cross-sectional stock returns in the Chinese stock market	19
How much finance is in climate finance? A bibliometric review, critiques, and future research directions	19
Greenness index: IPO performance and portfolio allocation	19
Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies	19
Global geopolitical risk and inflation spillovers across European and North American economies	19
Retail investor trading and ESG pricing in China	19
Infectious disease equity market volatility, geopolitical risk, speculation, and commodity returns: Comparative analysis of five epidemic outbreaks	19
Does economic policy uncertainty drive the dynamic spillover among traditional currencies and cryptocurrencies? The role of the COVID-19 pandemic	19
A model for CBDC audits based on blockchain technology: Learning from the DCEP	19
Inter- and intra-regional stock market relations for the GCC bloc	19
Does mandatory CSR disclosure improve stock price informativeness? Evidence from China	19
Risk, resilience, and Shariah-compliance	19
Internationalization and the capital structure of firms in emerging markets: Evidence from Latin America before and after the financial crisis	19
Comovements between heavily shorted stocks during a market squeeze: Lessons from the GameStop trading frenzy	19
Central bank digital currency: A systematic literature review using text mining approach	18
Does digital finance lessen credit rationing?—Evidence from Chinese farmers	18
Tail-risk spillovers from China to G7 stock market returns during the COVID-19 outbreak: A market and sectoral analysis	18
Estimating the reaction of Bitcoin prices to the uncertainty of fiat currency	18
Stock market dependence in crisis periods: Evidence from oil price shocks and the Qatar blockade	18
How do economic policy uncertainty and geopolitical risk drive Bitcoin volatility?	18
On the volatility of cryptocurrencies	18
Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach	18
Financial Sector transparency and net interest margins: Should the private or public Sector lead financial Sector transparency?	18
Are green IPOs priced differently? Evidence from China	18
Simultaneous effects of clustering and endogeneity on the underpricing difference of IPO firms: A global evidence	18
Economic growth and environmental sustainability in developing economies	18
Correlation between geopolitical risk, economic policy uncertainty, and Bitcoin using partial and multiple wavelet coherence in P5 + 1 nations	18
How to calm down the markets? The effects of COVID-19 economic policy responses on financial market uncertainty	17
Forecasting Value-at-Risk of cryptocurrencies using the time-varying mixture-accelerating generalized autoregressive score model	17
Attention allocation and international stock return comovement: Evidence from the Bitcoin market	17
Economic policy uncertainty, agency problem, and funding structure: Evidence from U.S. banking industry	17
Bankruptcy prediction using fuzzy convolutional neural networks	17
Time-frequency causality and connectedness between oil price shocks and the world food prices	17
Forecasting gold volatility with geopolitical risk indices	17
Do perceived risks and benefits impact trust and willingness to adopt CBDCs?	17
Value at risk and returns of cryptocurrencies before and after the crash: long-run relations and fractional cointegration	17
Effects of a negative interest rate policy in bank profitability and risk taking: Evidence from European banks	17
Institutional investor information network, analyst forecasting and stock price crash risk	17
Coronavirus disease outbreak and supply chain disruption: Evidence from Taiwanese firms in China	17
The determinants of issuing central bank digital currencies	17
The heterogeneity of innovation, government R&D support and enterprise innovation performance	17
The impact of personality traits on attitude to financial risk	17
Regional imbalances of market efficiency in China’s pilot emission trading schemes (ETS): A multifractal perspective	17
The entry and exit dynamics of the cryptocurrency market	17
From sentiment to systemic risk: Information transmission in Asia-Pacific stock markets	17
Accounting for digital currencies	16
Non-state shareholder governance and shadow banking business: Evidence from Chinese state-owned manufacturing enterprises	16
Impact of financial development and internet use on export growth: New evidence from machine learning models	16
Nonlinearity in forecasting energy commodity prices: Evidence from a focused time-delayed neural network	16
Bank globalization and efficiency: Host- and home-country effects	16
Quantile connectedness between Chinese stock and commodity futures markets	16
ESG in the financial industry: What matters for rating analysts?	16
Supply chain management based on volatility clustering: The effect of CBDC volatility	16
Investor attention, ETF returns, and country-specific factors	16
Evolution of research in finance over the last two decades – A topographical view	16
The COVID-19 pandemic, volatility, and trading behavior in the bitcoin futures market	16
Trade matters except to war neighbors: The international stock market reaction to 2022 Russia’s invasion of Ukraine	16
Forecasting cryptocurrency returns with machine learning	16
Extreme sentiment and herding: Evidence from the cryptocurrency market	16
How can firms' transition to a low-carbon economy affect the distance to default?	15
Political uncertainty, innovation-driven strategy, and corporate R&D	15
The bright side of market power in Asian banking: Implications of bank capitalization and financial freedom	15
Impact of the COVID-19 event on U.S. banks’ financial soundness	15
Mapping the landscape of FinTech in banking and finance: A bibliometric review	15
The mechanism of credit risk contagion among internet P2P lending platforms based on a SEIR model with time-lag	15