OOIR: Observatory of International Research

Papers

(The TQCC of Review of Financial Studies is 24. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-01-01 to 2025-01-01.)

Article	Citations
The Real Effects of Secondary Market Trading Structure: Evidence from the Mortgage Market	278
Disloyal Managers and Shareholders’ Wealth	240
Trade Credit and the Transmission of Unconventional Monetary Policy	235
The State Price Density Implied by Crude Oil Futures and Option Prices	229
Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel	219
Publisher's Note	194
New Perspectives on Insurance	192
Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment	168
Corporate Capture of Blockchain Governance	152
Do Temporary Demand Shocks Have Long-Term Effects for Startups?	132
Volatility Risk Pass-Through	117
Monetary Policy Risk: Rules versus Discretion	115
The Leading Premium	108
Erratum to: Investors’ Attention to Corporate Governance	106
Competing for Talent: Firms, Managers, and Social Networks	101
Credit Building or Credit Crumbling? A Credit Builder Loan’s Effects on Consumer Behavior and Market Efficiency in the United States	101
The Dynamics of Loan Sales and Lender Incentives	98
Can Risk Be Shared across Investor Cohorts? Evidence from a Popular Savings Product	97
Designing Securities for Scrutiny	93
Import Penetration and Executive Compensation	90
What Moves Stock Prices? The Roles of News, Noise, and Information	89
Field of Study and Financial Problems: How Economics Reduces the Risk of Default	88
OTC Intermediaries	86
Stock Market Stimulus	83
Fractional Trading	83

Debt Maturity and the Dynamics of Leverage	78
Housing Consumption and Investment: Evidence from Shared Equity Mortgages	76
Health Care Costs and Corporate Investment	76
The Incidence of Student Loan Subsidies: Evidence from the PLUS Program	74
Duration-Based Valuation of Corporate Bonds	66
Real Consequences of Shocks to Intermediaries Supplying Corporate Hedging Instruments	64
Long-Term Investors, Demand Shifts, and Yields	64
Competition and Innovation Revisited: A Project-Level View	63
Macroprudential Regulation, Quantitative Easing, and Bank Lending	61
Institutional Investors and Infrastructure Investing	60
A Fistful of Dollars: Financial Incentives, Peer Information, and Retirement Savings	59
A Theory of the Term Structure of Interest Rates under Limited Household Risk Sharing	58
Digitalization and Retirement Contribution Behavior: Evidence from Administrative Data	57
Labor Force Demographics and Corporate Innovation	56
Missing Data in Asset Pricing Panels	54
Valuing Financial Data	54
The Total Return and Risk to Residential Real Estate	54
Student Loans, Access to Credit, and Consumer Credit Demand	53
Credit Cycles, Expectations, and Corporate Investment	52
Pay, Stay, or Delay? How to Settle a Run	52
How ETFs Amplify the Global Financial Cycle in Emerging Markets	51
High Inflation: Low Default Risk and Low Equity Valuations	51
Teams and Bankruptcy	50
Narrative Asset Pricing: Interpretable Systematic Risk Factors from News Text	49
Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity	49
Asset Pricing with Fading Memory	48
Mortgage Finance and Climate Change: Securitization Dynamics in the Aftermath of Natural Disasters	48
What Do Mutual Fund Investors Really Care About?	48
The Human Factor in Acquisitions: Cross-industry Labor Mobility and Corporate Diversification	47
Competition for Attention in the ETF Space	47
Illiquidity and Higher Cumulants	44
Gendered Prices	43
Machine Learning for Continuous-Time Finance	42
Opioid Crisis Effects on Municipal Finance	42
Flight to Safety: How Economic Downturns Affect Talent Flows to Startups	41
Noise in Expectations: Evidence from Analyst Forecasts	41
Methodological Variation in Empirical Corporate Finance	40
Real Effects of Search Frictions in Consumer Credit Markets	39
How Global Is Your Mutual Fund? International Diversification from Multinationals	38
The Coholding Puzzle: New Evidence from Transaction-Level Data	38
Bond Price Fragility and the Structure of the Mutual Fund Industry	37
The Market Inside the Market: Odd-Lot Quotes	36
Financial Market Ethics	36
Markets versus Mechanisms	36
Banks as Liquidity Multipliers	36
Corporate ESG Profiles and Banking Relationships	35
The Effect of Carbon Pricing on Firm Emissions: Evidence from the Swedish CO2 Tax	35
Climate Change and Long-Run Discount Rates: Evidence from Real Estate	35
Digital Payments and Consumption: Evidence from the 2016 Demonetization in India	34
Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks, and Firms	33

Adjusting to Macroprudential Policies: Loan-to-Value Limits and Housing Choice	33
Comomentum: Inferring Arbitrage Activity from Return Correlations	33
Banking on Carbon: Corporate Lending and Cap-and-Trade Policy	33
News Diffusion in Social Networks and Stock Market Reactions	32
Idiosyncratic Risk in Housing Markets	31
Trust and Insurance Contracts	31
Deposit Insurance and Depositor Behavior: Evidence from Colombia	30
Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Removing Capital Requirements for an Asset Class	30
Private Renegotiations and Government Interventions in Credit Chains	30
Are Analyst “Top Picks” Informative?	29
The Impact of Risk Cycles on Business Cycles: A Historical View	29
Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting	28
International Portfolio Choice with Frictions: Evidence from Mutual Funds	28
Intermediaries and Asset Prices: International Evidence since 1870	28
Monitoring in Originate-to-Distribute Lending: Reputation versus Skin in the Game	28
Rating Agency Fees: Pay to Play in Public Finance?	27
Persistent Crises and Levered Asset Prices	27
Tuition, Debt, and Human Capital	27
Fiscal Cyclicality and Currency Risk Premia	27
Human Capital Portability and Careers in Finance	26
Private Information, Securities Lending, and Asset Prices	26
The Good, the Bad, and the Missed Boom	26
Estimating General Equilibrium Spillovers of Large-Scale Shocks	25
Using Social Media to Identify the Effects of Congressional Viewpoints on Asset Prices	25
When Do Low-Frequency Measures Really Measure Effective Spreads? Evidence from Equity and Foreign Exchange Markets	25
Financial Crises and the Transmission of Monetary Policy to Consumer Credit Markets	25
Short-Termism Spillovers from the Financial Industry	24
Asset Price Dynamics with Limited Attention	24
Decentralizing Money: Bitcoin Prices and Blockchain Security	24
Inflating Away the Public Debt? An Empirical Assessment	24
Factor Momentum	24
Moving the Goalposts? Mutual Fund Benchmark Changes and Relative Performance Manipulation	24
Extrapolative Bubbles and Trading Volume	24