Research in International Business and Finance

Article	Citations
Stock markets’ reaction to COVID-19: Cases or fatalities?	695
Are cryptocurrencies a safe haven for equity markets? An international perspective from the COVID-19 pandemic	335
Greenwashing in environmental, social and governance disclosures	212
Can fintech improve the efficiency of commercial banks? —An analysis based on big data	146
Innovation as recovery strategy for SMEs in emerging economies during the COVID-19 pandemic	144
COVID-19, government policy responses, and stock market liquidity around the world: A note	115
The impact of COVID-19 on the stock market crash risk in China	104
ESG disclosure and Firm performance: A bibliometric and meta analysis	100
A systematic review of the bubble dynamics of cryptocurrency prices	86
Impact of COVID-19 on stock market efficiency: Evidence from developed countries	81
Does COVID-19 open a Pandora's box of changing the connectedness in energy commodities?	81
On the nonlinear relationship between energy use and CO2 emissions within an EKC framework: Evidence from panel smooth transition regression in the MENA region	79
Artificial intelligence and machine learning in finance: A bibliometric review	77
Trade credit research before and after the global financial crisis of 2008 – A bibliometric overview	76
Corporate Social Responsibility Amid Social Distancing During the COVID-19 Crisis: BRICS vs. OECD Countries	74
Are stablecoins truly diversifiers, hedges, or safe havens against traditional cryptocurrencies as their name suggests?	73
Does bitcoin co-move and share risk with Sukuk and world and regional Islamic stock markets? Evidence using a time-frequency approach	69
How does economic policy uncertainty affect the bitcoin market?	68
Does economic policy uncertainty affect cryptocurrency markets? Evidence from Twitter-based uncertainty measures	67
Did COVID-19 change spillover patterns between Fintech and other asset classes?	65
Empirical investigation of changes in policy uncertainty on stock returns—Evidence from China’s market	62
How does corporate social responsibility affect financial performance, financial stability, and financial inclusion in the banking sector? Evidence from Pakistan	62
How do financial globalization, institutions and economic growth impact financial sector development in European countries?	61
Return and volatility spillovers between energy and BRIC markets: Evidence from quantile connectedness	60
Oil prices and economic policy uncertainty: Evidence from global, oil importers, and exporters’ perspective	59

In search of safe haven assets during COVID-19 pandemic: An empirical analysis of different investor types	58
Financial crises and the dynamics of the spillovers between the U.S. and BRICS stock markets	57
Impact of the Covid-19 induced panic on the Environmental, Social and Governance leaders equity volatility: A time-frequency analysis	54
The historic oil price fluctuation during the Covid-19 pandemic: What are the causes?	54
Does the porter hypothesis work well in the emission trading schema pilot? Exploring moderating effects of institutional settings	53
Twitter-Based uncertainty and cryptocurrency returns	53
Volatility spillover between economic sectors in financial crisis prediction: Evidence spanning the great financial crisis and Covid-19 pandemic	51
Does financial deepening attract foreign direct investment? Fresh evidence from panel threshold analysis	51
A bibliometric analysis of ESG performance in the banking industry: From the current status to future directions	49
Does low-carbon pilot city program reduce carbon intensity? Evidence from Chinese cities	49
Nonlinear dynamic correlation between geopolitical risk and oil prices: A study based on high-frequency data	49
Asymmetric volatility spillovers between economic policy uncertainty and stock markets: Evidence from China	48
Banking sector reactions to COVID-19: The role of bank-specific factors and government policy responses	47
A firefly algorithm modified support vector machine for the credit risk assessment of supply chain finance	46
The COVID-19 black swan crisis: Reaction and recovery of various financial markets	45
Asymmetric effect of COVID-19 pandemic on E7 stock indices: Evidence from quantile-on-quantile regression approach	45
Can FinTech improve corporate investment efficiency? Evidence from China	43
COVID-19 Sentiment and the Chinese Stock Market: Evidence from the Official News Media and Sina Weibo	43
The role of economic structural factors in determining pandemic mortality rates: Evidence from the COVID-19 outbreak in France	42
Price discovery in bitcoin futures	42
COVID-19 pandemic and economic policy uncertainty: The first test on the hedging and safe haven properties of cryptocurrencies	42
Modelling the nonlinear relationship between oil prices, stock markets, and exchange rates in oil-exporting and oil-importing countries	41
Comparing COVID-19 with the GFC: A shockwave analysis of currency markets	41
Blockchain in banking and finance: A bibliometric review	41
COVID-19, stock market and sectoral contagion in US: a time-frequency analysis	40
Capture the contagion network of bitcoin – Evidence from pre and mid COVID-19	40
Studying the properties of the Bitcoin as a diversifying and hedging asset through a copula analysis: Constant and time-varying	40
COVID-19 social distancing and the US service sector: What do we learn?	40
The recovery of global stock markets indices after impacts due to pandemics	39
Determinants of bank risk governance structure: A cross-country analysis	39
Does the Covid-19 pandemic affect faith-based investments? Evidence from global sectoral indices	39
The financial impact of COVID-19: Evidence from an event study of global hospitality firms	38
The impact of economic policy uncertainty on a firm’s green behavior: Evidence from China	38
World equity markets and COVID-19: Immediate response and recovery prospects	37
COVID-19, government interventions and emerging capital markets performance	36
Gold and US sectoral stocks during COVID-19 pandemic	36
Insurance and economic policy uncertainty	35
Dynamics of the sheltering role of Bitcoin against crude oil market crash with varying severity of the COVID-19: A comparison with gold	35
Correlations among cryptocurrencies: Evidence from multivariate factor stochastic volatility model	35
The causal, linear and nonlinear nexus between sectoral FDI and infrastructure in Pakistan: Using a new global infrastructure index	34
Time and frequency dynamics of connectedness and hedging performance in global stock markets: Bitcoin versus conventional hedges	34
Do non-traditional banking activities reduce bank liquidity creation? Evidence from Vietnam	34
Financing constraints and firm-level responses to the COVID-19 pandemic: International evidence	33
Uncertainty and herding behavior: evidence from cryptocurrencies	33
Volatility communicator or receiver? Investigating volatility spillover mechanisms among Bitcoin and other financial markets	33
Nonlinear tail dependence in cryptocurrency-stock market returns: The role of Bitcoin futures	33
The role of global economic conditions in forecasting gold market volatility: Evidence from a GARCH-MIDAS approach	32
Artificial intelligence, digital transformation and cybersecurity in the banking sector: A multi-stakeholder cognition-driven framework	32
Is idiosyncratic volatility priced in cryptocurrency markets?	32
Confucian Culture and Trade Credit: Evidence from Chinese Listed Companies	32

Trading behaviour connectedness across commodity markets: Evidence from the hedgers’ sentiment perspective	31
Capital regulation, deposit insurance and bank risk: International evidence from normal and crisis periods	31
On the short-term persistence of mutual fund performance in Europe	31
Central Bank Digital Currencies: Agendas for future research	31
Bitcoin’s price efficiency and safe haven properties during the COVID-19 pandemic: A comparison	31
Machine learning sentiment analysis, COVID-19 news and stock market reactions	31
Countering money laundering and terrorist financing: A case for bitcoin regulation	30
Downside risk in Dow Jones Islamic equity indices: Precious metals and portfolio diversification before and after the COVID-19 bear market	30
Resource misallocation, production efficiency and outward foreign direct investment decisions of Chinese enterprises	30
Spatial econometric analysis of effect of New economic momentum on China’s high-quality development	29
Crude oil shocks and African stock markets	29
Controlling shareholder pledging and corporate ESG behavior	29
The influence of the COVID-19 pandemic on the hedging functionality of Chinese financial markets	29
The impact of digital transformation of manufacturing on corporate performance — The mediating effect of business model innovation and the moderating effect of innovation capability	29
Digital transformation and trade credit provision: Evidence from China	28
Systemic risk, economic policy uncertainty and firm bankruptcies: Evidence from multivariate causal inference	28
The impact of corporate governance and agency effect on earnings management – A test of the dual banking system	28
Volatility spillovers and hedging effectiveness between the oil market and Eurozone sectors: A tale of two crises	28
Investor attention and cryptocurrency: Evidence from wavelet-based quantile Granger causality analysis	28
Uncertainty and R&D investment: Does product market competition matter?	28
Economic policy uncertainty and stock liquidity: The mitigating effect of information disclosure	28
Bank funding, market power, and the bank liquidity creation channel of monetary policy	28
Threshold cointegration, nonlinearity, and frequency domain causality relationship between stock price and Turkish Lira	27
Vulnerability of financial markets in India: The contagious effect of COVID-19	27
Uncovering the global network of economic policy uncertainty	27
The role of internal corporate governance mechanisms on default risk: A systematic review for different institutional settings	27
Human Capital Allocation and Enterprise Innovation Performance: An Example of China's Knowledge-Intensive Service Industry	26
Insurance fraud detection: Evidence from artificial intelligence and machine learning	26
Stock market reactions to domestic sentiment: Panel CS-ARDL evidence	26
Multilayer network analysis of investor sentiment and stock returns	26
ESG disclosure and technological innovation capabilities of the Chinese listed companies	26
Systemic stablecoin and the defensive case for Central Bank Digital Currency: A critique of the Bank of England’s framing	25
Economic policy uncertainty and financing structure: A new panel data evidence from selected Asian economies	25
Sustainable finance and blockchain: A systematic review and research agenda	25
Do sentiment trades explain investor overconfidence around analyst recommendation revisions?	25
Does the US-China trade war affect co-movements between US and Chinese stock markets?	25
The conditioning role of performance on the bank risk-taking channel of monetary policy: Evidence from a multiple-tool regime	25
Corporate social responsibility and cost of capital: The moderating role of policy intervention	24
No more black boxes! Explaining the predictions of a machine learning XGBoost classifier algorithm in business failure	24
Are investors sensitive to climate-related transition and physical risks? Evidence from global stock markets	24
Central bank digital currencies: An agenda for future research	24
Stock market volatility and the COVID-19 reproductive number	23
Intraday volume-return nexus in cryptocurrency markets: Novel evidence from cryptocurrency classification	23
Past, present, and future of the application of machine learning in cryptocurrency research	23
Investors’ risk perceptions in the US and global stock market integration	23
On the role of Islamic and conventional banks in the monetary policy transmission in Malaysia: Do size and liquidity matter?	22
High frequency momentum trading with cryptocurrencies	22
Forecasting Value-at-Risk of Cryptocurrencies with RiskMetrics type models	22
Liquidity risk and stock performance during the financial crisis	22
Financial performances, entrepreneurial factors and coping strategy to survive in the COVID-19 pandemic: case of Vietnam	22
From me to you: Measuring connectedness between Eurozone financial institutions	22
State ownership and the cost of debt: Evidence from corporate bond issuances in China	22
Does financial globalization still spur growth in emerging and developing countries? Considering exchange rates	22
An extreme value analysis of the tail relationships between returns and volumes for high frequency cryptocurrencies	22
The performance of Islamic versus conventional stocks during the COVID-19 shock: Evidence from firm-level data	22
Digital economy and business investment efficiency: Inhibiting or facilitating?	22
Exploring the predictability of cryptocurrencies via Bayesian hidden Markov models	21
Thirty years of herd behavior in financial markets: A bibliometric analysis	21
Research on the accelerating effect of green finance on the transformation of energy consumption in China	20
Ownership discrimination and private firms financing in China	20
Capital regulation, competition and risk-taking: Policy implications for banking sector stability in the MENA region	20
The non-linear relationship between oil prices and stock prices: Evidence from oil-importing and oil-exporting countries	20
Quantifying systemic risk in US industries using neural network quantile regression	20
The voice of minority shareholders: Online voting and corporate social responsibility	20
Can happiness predict future volatility in stock markets?	20
Multiscale information transmission between commodity markets: An EMD-Based transfer entropy network	20
COVID-19 and stock returns: Evidence from the Markov switching dependence approach	20
Modelling the asymmetric linkages between spot gold prices and African stocks	20
Causal relationship between spot and futures prices with multiple time horizons: A nonparametric wavelet Granger causality test	19
The global economic policy uncertainty spillover analysis: In the background of COVID-19 pandemic	19
Artificial intelligence adoption in the insurance industry: Evidence using the technology–organization–environment framework	19
Measurement and prediction of systemic risk in China’s banking industry	19
Existence of long memory in crude oil and petroleum products: Generalised Hurst exponent approach	19
Green bond issuance and corporate ESG performance: Steps toward green and low-carbon development	19
The effects of board structure on corporate performance: Evidence from East African frontier markets	19
The Role of National Culture in International Financial Reporting Standards Adoption	18
Acceptance of digital investment solutions: The case of robo advisory in Germany	18
Economic policy uncertainty: Persistence and cross-country linkages	18
Shariah compliance and corporate cash holdings	18
Linkage dynamics of sovereign credit risk and financial markets: A bibliometric analysis	18

An examination of whether gold-backed Islamic cryptocurrencies are safe havens for international Islamic equity markets	18
Naval disasters, world war two and the British stock market	18
Investigating individual privacy within CBDC: A privacy calculus perspective	18
Comovements between heavily shorted stocks during a market squeeze: Lessons from the GameStop trading frenzy	18
Border disputes, conflicts, war, and financial markets research: A systematic review	18
Forecasting volatility of Bitcoin	17
Excessive managerial entrenchment, corporate governance, and firm performance	17
Effects of a negative interest rate policy in bank profitability and risk taking: Evidence from European banks	17
Effects of Price of Gold on Bombay Stock Exchange Sectoral Indices: New Evidence for Portfolio Risk Management	17
Firm-level trade credit responses to COVID-19-induced monetary and fiscal policies: International evidence	17
“Digital Gold” and geopolitics	17
Stock market dependence in crisis periods: Evidence from oil price shocks and the Qatar blockade	17
On the asymmetrical connectedness between cryptocurrencies and foreign exchange markets: Evidence from the nonparametric quantile on quantile approach	17
Volatility spillovers between WTI and Brent spot crude oil prices: an analysis of granger causality in variance patterns over time	17
Attention allocation and international stock return comovement: Evidence from the Bitcoin market	17
The effects of daily growth in COVID-19 deaths, cases, and governments’ response policies on stock markets of emerging economies	17
EU-27 bank failure prediction with C5.0 decision trees and deep learning neural networks	16
Does mandatory CSR disclosure improve stock price informativeness? Evidence from China	16
Media sentiment and cross-sectional stock returns in the Chinese stock market	16
Earnings management and internal governance mechanisms: The role of religiosity	16
Coronavirus disease outbreak and supply chain disruption: Evidence from Taiwanese firms in China	16
Board governance and bank performance: A meta- analysis	16
Can enhancing financial inclusivity lower climate risks by inhibiting carbon emissions? Contextual evidence from emerging economies	16
The fair value of a token: How do markets price cryptocurrencies?	16
Does confucianism influence corporate earnings management?	16
Financial Sector transparency and net interest margins: Should the private or public Sector lead financial Sector transparency?	16
Independence in bank governance structure: Empirical evidence of effects on bank risk and performance	16
Shadow banking business and firm risk-taking: Evidence from China	16
The distributional impact of access to finance on poverty: evidence from selected countries in Sub-Saharan Africa	16
Value at risk and returns of cryptocurrencies before and after the crash: long-run relations and fractional cointegration	16
Does high profitability improve stability for European banks?	16
The impact of business and political news on the GCC stock markets	15
Asymmetric volatility dynamics in cryptocurrency markets on multi-time scales	15
Economic policy uncertainty and shadow banking: Firm-level evidence from China	15
The impact of bank FinTech on liquidity creation: Evidence from China	15
Governance and monetary policy impacts on public acceptance of CBDC adoption	15
Central bank digital currencies and the international payment system: The demise of the US dollar?	15
Reporting quality and financial leverage: Are qualitative characteristics or earnings quality more important? Evidence from an emerging bank-based economy	15
Determinants of financial inclusion in South Asia: The moderating and mediating roles of internal conflict settlement	15
Financial crisis, shareholder protection and cash holdings	15
Responsible investment in the Chinese stock market	15
Bank business models and liquidity creation	15
Return and volatility properties: Stylized facts from the universe of cryptocurrencies and NFTs	15
Economic policy uncertainty, agency problem, and funding structure: Evidence from U.S. banking industry	15
Investor attention, ETF returns, and country-specific factors	15
Are there asymmetric linkages between African stocks and exchange rates?	15
Evolution of research in finance over the last two decades – A topographical view	15
The COVID-19 pandemic, volatility, and trading behavior in the bitcoin futures market	15
Earnings management in the pre-IPO process: Biases and predictors	15
Examining the Effect of Globalization on Insurance Activities in Large Emerging Market Economies	15
A novel two-stage hybrid default prediction model with k-means clustering and support vector domain description	14
Forecasting Value-at-Risk of cryptocurrencies using the time-varying mixture-accelerating generalized autoregressive score model	14
How much finance is in climate finance? A bibliometric review, critiques, and future research directions	14
Which industries benefited from Trump environmental policy news? Evidence from industrial stock market reactions	14
The mechanism of credit risk contagion among internet P2P lending platforms based on a SEIR model with time-lag	14
Are green IPOs priced differently? Evidence from China	14
Investigating volatility spillover of energy commodities in the context of the Chinese and European stock markets	14
The impact of personality traits on attitude to financial risk	14
Does utilizing smart contracts induce a financial connectedness between Ethereum and non-fungible tokens?	14
Five decades of research on capital budgeting – A systematic review and future research agenda	14
Does green technology innovation matter to the cost of equity capital?	14
Greenness index: IPO performance and portfolio allocation	14
Dynamic linkages among transparency, income inequality and economic growth in developing countries: Evidence from panel vector autoregressive (PVAR) model	14
Do emerging and developed countries differ in terms of sustainable performance? Analysis of board, ownership and country-level factors	14
Estimating the reaction of Bitcoin prices to the uncertainty of fiat currency	14
Digital financial inclusion. Visualizing the academic literature	14
Identifying systemically important financial institutions in Turkey	14
Performance of Canadian banks and oil price movements	14
Bank globalization and efficiency: Host- and home-country effects	14
Do differences in national cultures affect cross-country conditional conservatism behavior under IFRS?	13
The impact of the ESG disclosure on sell-side analysts’ target prices: The new era post Paris agreements	13
The crossroads of ESG and religious screening on firm risk	13
Does compliance with corporate governance codes help to mitigate financial distress?	13
External financing and earnings management: Evidence from international data	13
Is knowledge powerful? Evidence from financial education and earnings quality	13
How to calm down the markets? The effects of COVID-19 economic policy responses on financial market uncertainty	13
Inter- and intra-regional stock market relations for the GCC bloc	13
CEO gender and managerial entrenchment	13
Determinants of hedge fund performance during ‘good’ and ‘bad’ economic periods	13
Tail-risk spillovers from China to G7 stock market returns during the COVID-19 outbreak: A market and sectoral analysis	13
Connectedness among fan tokens and stocks of football clubs	12
Did David win a battle or the war against Goliath? Dynamic return and volatility connectedness between the GameStop stock and the high short interest indices	12
Eco-efficiency and financial performance in Latin American countries: An environmental intensity approach	12
The entry and exit dynamics of the cryptocurrency market	12
Impact of the COVID-19 event on U.S. banks’ financial soundness	12
Industry policy, cross-region investment, and enterprise investment efficiency	12
Risk contagion of COVID-19 in Japanese firms: A network approach	12
Real returns from unreal world? Market reaction to Metaverse disclosures	12
Risk, resilience, and Shariah-compliance	12
A model for CBDC audits based on blockchain technology: Learning from the DCEP	12
Return spillover analysis across central bank digital currency attention and cryptocurrency markets	12
Forecasting gold volatility with geopolitical risk indices	12
Pricing Efficiency and Arbitrage in the Bitcoin Spot and Futures Markets	12
Does Supply Chain Finance (SCF) alleviate funding constraints of SMEs? Evidence from China	12
Bank liquidity hoarding and corporate maturity mismatch: Evidence from China	12