Research in International Business and Finance

Article	Citations
Editorial Board	474
Are real interest rates a monetary phenomenon? Evidence from 700 years of data	367
Related party lending and rural bank risk: Evidence during the Covid-19 period	200
Monetary policy and currency variance risk premia	194
Controlling shareholder’s escape threat: Foreign residency rights and stock price crash risk	167
The logics of sovereign credit ratings in developed and developing countries	167
Bubbles, crashes, and financial market contagion: Evidence from G7 economies	156
COVID-19, a blessing in disguise for the Tech sector: Evidence from stock price crash risk	145
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]	144
U.S.–China relations and cross-border capital flows: Is digital technology a “Buffer” or a “Booster”?	136
Internal control opinion shopping: Does initial audit fee discounting matter?	135
Corporate venture capital and firm productivity: Evidence from China	133
Emerging market multinationals’ pursuit of strategic assets through cross-border acquisitions	123
Navigating sustainable finance: Examining the impact of sustainable credit policy on energy consumption intensity	119
EU-27 bank failure prediction with C5.0 decision trees and deep learning neural networks	118
Unraveling the phenomenon of Born Globals from emerging markets: a systematic literature review and research agenda	115
Asset encumbrance in banks: Is systemic risk affected?	113
Carbon emissions and discontinued operations	109
The impact of insider-appointment on the fulfillment of M&A performance commitments: Based on the power-responsibility paradox	105
Asymmetric dynamics between geopolitical conflict sentiment and cryptomarkets	105
Are institutional investors effective monitors in a country where closely held firms predominate? Insights from agency problem-driven dividend payouts	103
Global economic uncertainty and the Chinese stock market: Assessing the impacts of global indicators	102
Impact of corporate philanthropy on firm performance: The moderating role of board structure	92
Does fintech drive sustainability? Insights from clean energy and global partnerships	89
Quantile connectedness between Chinese stock and commodity futures markets	87

The effects of portfolio rebalancing strategies on the performance of global mutual funds	84
Digital finance, institutional quality, and air pollution: Evidence from China	83
Can non-punitive regulation curb corporate greenwashing?Evidence from a word embedding model	83
Performance of ESG-integrated smart beta strategies in Asia-Pacific stock markets	83
Has FinTech changed the sensitivity of corporate investment to interest rates?—Evidence from China	80
Unpacking energy consumption in China's urbanization: Industry development, population growth, and spatial expansion	79
Analyst optimism and market sentiment: Evidence from European corporate sustainability reporters	78
Credit risk prediction based on loan profit: Evidence from Chinese SMEs	78
ESG news and firm value: Evidence from China’s automation of pollution monitoring	78
ESG reputational risk and market valuation: Evidence from the European banking industry	78
Understanding the impact of the financial technology revolution on systemic risk: Evidence from US and EU diversified financials	76
Does market microstructure affect time-varying efficiency? Evidence from emerging markets	73
Extreme return connectedness among renewable energy and rare earth markets: The role of global factors	73
ESG leaders and crypto currency market: Asymmetric TVP-VAR connectedness and investment approaches	73
Accounting for digital currencies	72
Corporate governance, fraud learning cycles, and financial fraud detection: Evidence from Chinese listed firms	72
Connectedness and systemic risk between FinTech and traditional financial stocks: Implications for portfolio diversification	70
Editorial Board	70
Are stock markets efficient with respect to the Google search volume index? A robustness check of the literature studies	69
Nurturing finance and harvesting intelligence: The green growth of urban industrial intelligence fueled by green finance	68
Why do entrepreneurial firms switch lead venture capital? A double-sided matching perspective	67
A sparsity algorithm for finding optimal counterfactual explanations: Application to corporate credit rating	67
The effects of regulatory mechanism on enterprise carbon reduction policies	66
Market response to environmental social and governance performance: A global analysis	66
The takeover Tango: Unraveling the impact of state-owned enterprise acquisitions on American competitors	65
Does common ownership affect stock price synchronicity?	64
The digital economy and entrepreneurial dynamics: An empirical analysis of urban regions in China	64
Dynamic risk and hedging strategies in post-COVID digital asset sectors	63
Guarantee requirements by European central counterparties and international volatility spillovers	63
Revisiting asset co-movement: Does network topology really matter?	63
Hedge funds and sentiment-induced overpricing: Arbitrageurs or speculators?	62
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	62
Influence of social sustainable development goals sentiment on listed companies	62
Trade credit financing, social trust, and financial distress: Evidence from Chinese listed companies	61
How do deep-level and surface-level board diversity affect bank risk?	61
FinTech and unemployment: New evidence on the role of labor market regulation	61
Analysing and forecasting co-movement between innovative and traditional financial assets based on complex network and machine learning	60
Precious metals and currency markets during the Russia-Ukraine conflict’s inflationary periods	60
Bank equity returns and oil prices: The story from U.S. regional banks during the “shale oil” revolution	60
Climate risk, informal lending default, and financial risk spillovers: A dual perspective of physical and transition risks	60
The motivations and influencing factors of share pledging: An analysis of pledging and trading strategies	60
Volatility transmission in the property market during two inflationary periods: The 2008–2009 global financial crisis and the COVID-19 crisis	59
Global Stock Markets during Covid-19: Did Rationality Prevail?	59
How does climate risk affect corporate financialization?	58
Predicting financial cycles with dynamic ensemble selection frameworks using leading, coincident and lagging indicators	58
Market competition and strategic interaction in the Spanish FinTech industry	58
Sovereign credit ratings, fiscal burden and corporate investment policies: An international evidence	57
Banking on the brink: An incremental cost-based view of financial stress	57
Central Bank Digital Currencies: Agendas for future research	56
The impact of blue finance on sustainable development in marine ranching: Exploring multiple pathway	56

Sports failures and stock returns between rationality and emotionality: Evidence from the UEFA Champions League	54
Does Confucian culture affect shadow banking activities? Evidence from Chinese listed companies	54
Financial inclusion, digital technology, and economic growth: Further evidence	53
Can CFOs improve enterprise loan bargaining power? An empirical analysis based on CFO characteristics	53
Institutional investors, heterogeneity, and capital structure decisions: Evidence from an emerging market	53
How do Chinese urban investment bonds affect its economic resilience? Evidence from double machine learning	53
Firm digitalization and bank lending: Evidence from China	51
Editorial Board	51
Is gold still a safe haven for stock markets? New insights through the tail thickness of portfolio return distributions	51
Analyzing spillover dynamics between semiconductor and clean energy stocks: A higher-order moment approach	50
Mutual fund herding and audit pricing	50
Interconnectedness in the FOREX market during the high inflation regime: A network analysis	50
Intrafirm inventor network integration and cross-sectional stock returns	50
Systemic tail dependence in disruptive technology ETFs & crypto assets: A partial correlation network	49
Brand capital and corporate stock risk: A theoretical and empirical analysis	48
How can firms' transition to a low-carbon economy affect the distance to default?	48
Military experience and sustainable development goal disclosure	48
Treasure hunt in emerging markets: Empirical evidence for European pension funds	48
Demographic structure and SME credit availability: Rethinking SME finance amid unprecedented demographic transformations	47
Network structure, dynamic evolution and block characteristics of sovereign debt risk: The global evidence	47
The effect of ESG performance on value creation of strategic alliances	47
Genetic distance and cross-border M&A completion: Evidence from Chinese firms	47
Peer effects in corporate advertisement expenditure: Evidence from China	46
Entrepreneurship in the digital era	46
Extraction of characteristic information from financial super-long texts and prediction of corporate violations	46
Nonlinear effects of FinTech adoption on ESG disclosure: Evidence from emerging economies and the role of institutional heterogeneity	46
Liquidity creation in dual banking systems: Do insolvency reforms matter?	46
How carbon markets reshape the structure of traditional energy markets: New evidence from EU energy and carbon markets	45
Synthetic data generation with deep generative models to enhance predictive tasks in trading strategies	45
Day-night anomaly returns in China: The role of institutions	45
What determines potential usage of the digital euro?	45
Can big data inhibit earnings management in corporations? — An analysis based on national big data comprehensive pilot zones	45
Sequential management of energy and low-carbon portfolios	44
Imported financial risk in global stock markets: Evidence from the interconnected network	44
The impact of environmental protection fee-to-tax reform on differentiated environmental management behavior of firms	44
Registration reform and stock mispricing: Causal inference based on double machine learning	44
The impact of green public finance and green taxes on environmental and non-environmental innovation	44
Financial inclusion and bank stability in ASEAN: A non-linear analysis of risk and opportunity	44
China’s secondary privatization and corporate investment efficiency	43
An evolutionary analysis of the diffusion of low-carbon technology innovation in supply networks	43
The impact of economic uncertainty on corporate ESG performance: Global evidence	43
Investment efficiency under financial constraints: The role of CEO power	43
Combination of antecedent conditions affecting the development of Chinese new energy market based on fuzzy sets	43
Futures markets and the baltic dry index: A prediction study based on deep learning	43
Institutional investor information network, analyst forecasting and stock price crash risk	43
Decentralized autonomous organizations: The new global digital venture capital	43
Are base layer blockchains establishing a new sector? Evidence from a connectedness approach	43
Firms’ perceived trade policy uncertainty and management’s disclosure strategies: Evidence from financial statement comparability	43
Does data asset disclosure contribute to the market efficiency? Evidence from China	42
Share pledging of controlling shareholders and corporate social responsibility disclosure	42
CEO narcissism and ESG misconduct	41
Towards the estimation of ESG ratings: A machine learning approach using balance sheet ratios	41
Green finance and green innovation: the Moderating role of ESG and synergies with inclusive finance	41
Digital transformation and trade credit provision: Evidence from China	40
Does Supply Chain Finance (SCF) alleviate funding constraints of SMEs? Evidence from China	40
Effect of twitter investor engagement on cryptocurrencies during the COVID-19 pandemic	40
Female political leaders and R&D investment	39
Does policy-oriented environmental disclosure increase market uncertainty? Evidence from stock price volatility in China	39
Climate laws and financial stability	38
How do women directors ensure corporate ethics? The role of board tenure	38
IPOs and firms’ financial distress risk: International evidence	38
Effects of family ownership and family management on the performance of entrepreneurial firms	38
Firm-level political risk and CEO compensation	38
Uncertainty words and corporate information environment	38
Payout policy and ESG: A European investigation	38
Uncovering patterns of fintech behavior in Italian banks: A multidimensional statistical analysis	37
Influence of share pledging on corporate social responsibility: Evidence from India	37
Forecasting corporate bankruptcy in imbalanced datasets using a new hybrid machine learning approach	37
Is soft information substitutive or complementary to hard news for investor attention? Evidence from corporate advertising in Japan	37
Portfolio insurance strategy in the cryptocurrency market	37
Decomposition of social networks and household purchase of insurance as knowledge products	37
Does digital finance aggravate bank competition? Evidence from China	37
Does firm environmental performance mitigate the market reaction to COVID-19 uncertainty?	36
Do conventional and new energy stock markets herd differently? Evidence from China	36
Overconfident male CEOs and corporate outcomes: The moderating role of female CFOs	36
Infectious disease equity market volatility, geopolitical risk, speculation, and commodity returns: Comparative analysis of five epidemic outbreaks	36
Corporate bond defaults and spillover effects on bank risk: Evidence from city commercial banks in China	36
Multilayer network analysis of investor sentiment and stock returns	36
The dichotomy of inclusiveness and vulnerability as a consequence of banking platform development	36
A Support Vector Machine model for classification of efficiency: An application to M&A	36

The geographic distance of independent directors and stock price crash risk: Evidence from China	36
Asymmetry in returns and volatility between green financial assets, sustainable investments, clean energy, and international stock markets	36
Price limits, investor asset allocation, and price volatility: Evidence from China’s registration-based IPO reform	36
Corrigendum to “Accounting for digital currencies” [Res. Int. Bus. Financ. 64 (2023) 101897]	36
Market-based environmental regulations and green innovation: Evidence from the pilot carbon markets in China	36
Dynamic response of the natural interest rate to extreme climate	36
How does macroeconomic uncertainty influence energy futures?: Evidence from extraordinary events	35
Unleashing stock volatility and its implications for stock crash risk: Evidence from China’s price limit policies	35
Higher-order and cross-moment spillovers among emerging technology, sustainable investing and traditional financial markets: Insights from multi-dimensional driving factors	35
Climate risk and banking stability in China: A dynamic analysis from the short- and long-term perspectives	35
Internationalization and donations allocated to domestic market: Evidence from emerging market SMEs	34
Expansion of local government debt and stock price crash risk: Evidence from China	34
A tale of two revolutions: Environmental, social, and governance performance and dividend policy in Egyptian-listed companies during unstable times	34
Market responses to sentiment shocks: A machine learning approach to major sporting events	34
Does utilizing smart contracts induce a financial connectedness between Ethereum and non-fungible tokens?	34
Does government ownership influence the dividend payments of European banks?	34
Exploring the nexus between sustainable energy tokens, electric vehicles, and the hydrogen economy	34
Does ESG information disclosure increase firm value? The mediation role of financing constraints in China	33
Corporate ESG performance and credit misallocation: Evidence from China	33
Local government debt and firm productivity: Evidence from China	33
Firm-level real climate risk, institutional investors, and green innovation	33
How do FinTech companies contribute to the achievement of SDGs? Insights from case studies	33
The fintech revolution: Exploring the potential of fintech finance in reducing corporate credit constraints	33
The performance of green bond portfolios under climate uncertainty: A comparative analysis with conventional and black bond portfolios	33
Dancing with dragon: The RMB and developing economies’ currencies	32
Changes in supply chain relationships and the enterprise internationalization process	32
The heterogeneity of innovation, government R&D support and enterprise innovation performance	32
Impact of environmental, social and governance initiatives on firm value: Analysis using AI-based ESG scores for Japanese listed firms	32
The impact of debt: International versus local debt in microfinance organizations	32
ESG reactions to fintech: The role of cross-border capital flows	32
When stock price crash risk meets fundamentals	32
Financial inclusion and income inequality in developing countries: The role of aging populations	32
The importance of owner loans for rebalancing the capital structure of small knowledge-intensive service firms	32
Social trust and the demand for audit quality	32
The impact of European firms’ emissions reduction effectiveness on financial constraints: Evidence from the quintuple helix model perspective	31
Mutual fund flows and returns dynamics: Investor preferences and performance persistence	31
Forecasting gold volatility with geopolitical risk indices	31
Large scale mean-variance strategies in the U.S. stock market	31
Three channels of monetary policy international transmission: Identifying spillover effects from the US to China	31
Strategic fit of potential M&As between dual banks and conventional banks: Does Islamic banking matter?	31
Zero-leverage and firm performance – Evidence from Taiwan	30
Potential diversification benefits: A comparative study of Islamic and conventional stock market indexes	30
Local optimistic expectations and corporate capital structure decisions	30
Web search volume acceleration and cross-sectional returns	30
How does the geographic concentration of institutional investors affect corporate risk? Evidence from China	30
Left to their own devices: Ownership concentration and payout policy	30
Artificial intelligence and green innovation: Investigating the effects of executive pay and firm age	30
Green money talks: Does green bond issuance promote corporate green governance?	30
Does passive ownership affect corporate governance? Evidence from the Bank of Japan’s ETF purchasing program	30
Climate policy uncertainty and corporate greenwashing: Developing a new metric for selective investment practices	29
Harnessing digital finance for sustainability: An integrative review and research agenda	29
How do industry tournament incentives affect firm debt maturity?	29
ESG disclosure and investment-financing maturity mismatch: Evidence from China	29
Digital payments and GDP growth: A behavioural quantitative analysis	29
Forecasting aggregate stock market volatility with industry volatilities: The role of spillover index	29
Dynamic interlinkages between carbon risk and volatility of green and renewable energy: A TVP-VAR analysis	29
The influence of institutional void and socio-cultural factors on the internationalization of emerging multinationals	29
Italian SMEs and access to credit: Does being “green” matter?	29
Uncertainty or investor attention: Which has more impact on Bitcoin volatility?	29
Interpretable selective learning in credit risk	29
Redefining insurance through technology: Achievements and perspectives in Insurtech	29
The impact of environmental, social, and governance (ESG) practices on investment efficiency in China: Does digital transformation matter?	29
The role of culture in driving innovation: A quasi-natural experiment from China	29
Estimating time-varying factors’ variance in the string-term structure model with stochastic volatility	28
“Volatility in a Mug Cup”: Spillovers among cocoa, coffee, sugar futures and the role of climate policy risk	28
Determinants of credit spreads and cash flow-related lending in commercial real estate	28
Global trends and insights into cryptocurrency-related financial crime	28
The effect of downstream expansion on upstream employment: Quasi-natural experimental evidence from China’s Accelerated Depreciation Policy	28
Editorial Board	28
The nonlinear impacts of energy price shocks on bank diversification: Evidence from G7 economies	27
Cryptocurrencies and financial market stability: Theoretical modeling and empirical evidence of spillover effects from sequential attention cycles of crypto investors	27
Do north–south cultural differences affect share repurchases?—Evidence from China	27
The governance nexus: The impact of CFO-CEO collusion on controlling shareholders’ equity pledging	27
Hedging climate risk: The role of green energy exchange-traded funds	27
How does international capital flows drive green technological innovation in emerging and developed markets?	27
Convergence or divergence? The impact of common institutional ownership on firms’ innovation trajectories	27
Can investors’ informed trading predict cryptocurrency returns? Evidence from machine learning	27
An asymmetrical approach to understanding consumer characteristics in banking trust during the COVID-19 pandemic in Italy	27
Editorial Board	27
Network centrality, style drift, and mutual fund performance	27
Free riding or participation in governance: Minority shareholders’ online voting and corporate responsiveness	27
Can a self-exciting jump structure better capture the jump behavior of cryptocurrencies? A comparative analysis with the S&P 500	27
Multiscale information network among fossil energy, renewable energy and ESG investment under the Russo-Ukrainian conflict	27
Corporate misconduct and innovation: Evidence from the pharmaceutical industry	27
Price effects after one-day abnormal returns and crises in the stock markets	27
The impact of digital transformation on the servitization transformation of manufacturing firms	27
Culture, financial literacy, and leverage of small firms	27
Finance and sales growth at the firms level in Iran: Does type of spending matter?	27
The determinants and consequences of tax avoidance: A psychological contract perspective	26
Flexible fintech regulation and corporate digital innovation: Evidence from a quasi-natural experiment	26
The development fit index of digital currency electronic payment between China and the one belt one road countries	26
Following the crowd: peer effects in corporate annual report tone	26
The impact of economic policy uncertainty and digital integration on ESG practices in European companies	26
Academic independent directors and corporate misconduct: Evidence from China	26
Towards more inclusive finance: Exploring the mystery of low carbon green technological innovation	26