OOIR: Observatory of International Research

Papers

(The TQCC of Journal of Empirical Finance is 6. 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 2021-05-01 to 2025-05-01.)

Article	Citations
Characteristic-sorted portfolios and macroeconomic risks—An orthogonal decomposition	101
House price bubbles under the COVID-19 pandemic	98
Using, taming or avoiding the factor zoo? A double-shrinkage estimator for covariance matrices	81
Persistent and transient variance components in option pricing models with variance-dependent Kernel	43
Estimation and inference in low frequency factor model regressions with overlapping observations	41
Mispricing and Anomalies: An Exogenous Shock to Short Selling from JGTRRA	39
Uncovered interest rate parity redux: Non-uniform effects	36
Dynamic relationship between Stock and Bond returns: A GAS MIDAS copula approach	33
The effect of venture capital backing on innovation in newly public firms	33
Are cryptocurrencies a safe haven for stock investors? A regime-switching approach	32
Timing is money: The factor timing ability of hedge fund managers	31
Executive compensation and aspirational peer benchmarking	30
The stock market tips	29
Stock price movements: Evidence from global equity markets	29
In search of retail investors: The effect of retail investor attention on odd lot trades	29
Exploring risk premium factors for country equity returns	27
Climate Change Risk and Green Bond Pricing	25
A revisit to bias-adjusted predictive regression	25
Forecasting Bitcoin realized volatility by exploiting measurement error under model uncertainty	24
Customer–supplier relationships and non-linear financial policy response	23
Changes in the electorate and firm values: Evidence from the introduction of female suffrage in Switzerland	22
Tariff uncertainty and firm innovation: Evidence from the U.S.–China Permanent Normal Trade Relation	22
Tone or term: Machine-learning text analysis, featured vocabulary extraction, and evidence from bond pricing in China	20
Identifying the underlying components of high-frequency data: Pure vs jump diffusion processes	19
Forecasting stock returns with large dimensional factor models	19

Caught in the crossfire: How the threat of hedge fund activism affects creditors	18
Decision-based trades: An analysis of institutional investors’ information advantages	18
Partial moments and indexation investment strategies	18
Modeling and forecasting dynamic conditional correlations with opening, high, low, and closing prices	18
Is machine learning a necessity? A regression-based approach for stock return prediction	16
The correlated trading and investment performance of individual investors	16
Easy money and competitive industries’ booms and busts	15
The transformed Gram Charlier distribution: Parametric properties and financial risk applications	15
Estimation with mixed data frequencies: A bias-correction approach	15
Diversification in lottery-like features and portfolio pricing discount: Evidence from closed-end funds	15
Portfolio homogeneity and systemic risk of financial networks	15
The commodity risk premium and neural networks	15
The anatomy of a fee change — evidence from cryptocurrency markets	14
The impact of liquidity risk in the Chinese banking system on the global commodity markets	14
Is gold a hedge or a safe haven against stock markets? Evidence from conditional comoments	13
Firm-level political risk and corporate R&D investment	12
Are stablecoins the money market mutual funds of the future?	12
Smart beta, “smarter” flows	11
Equity issues, creditor control and market timing patterns: Evidence from leverage decreasing recapitalizations	11
Is idiosyncratic risk priced? The international evidence	11
Short-term institutional investors and the diffusion of supply chain information	10
Technological shocks and stock market volatility over a century	10
Machine learning loss given default for corporate debt	10
Do fees matter? Investor’s sensitivity to active management fees	10
Social connectedness and cross-border mergers and acquisitions	10
Depositor responses to a banking crisis: Are finance professionals special?	10
Ownership structure and the cost of debt: Evidence from the Chinese corporate bond market	9
International comovement of r	9
Trading activity and price discovery in Bitcoin futures markets	9
City goes dark: Dark trading and adverse selection in aggregate markets	9
Managerial ability and financial statement disaggregation decisions	9
Margin-buying, short-selling, and stock valuation: Why is the effect reversed over time in China?	9
Bitcoin unchained: Determinants of cryptocurrency exchange liquidity	9
Peer influence and the value of cash holdings	8
Information in unexpected bonus cuts: Firm performance and CEO firings	8
Editorial Board	8
Betting on success: Unveiling the role of local gambling culture in equity crowdfunding	8
The AH premium: A tale of “siamese twin” stocks	8
Do firms use credit lines to support investment opportunities?: Evidence from success in R&D	8
Editorial Board	8
Deciphering big data in consumer credit evaluation	8
What drives the TIPS–Treasury bond mispricing?	8
Why Do U.S. Firms Invest Less over Time?	8
Certainty of uncertainty for asset pricing	8
Managerial commitment and heterogeneity in target-date funds	7
Financial statement disaggregation and bank loan pricing	7
Acute illness symptoms among investment professionals and stock market dynamics: Evidence from New York City	7
Coskewness and reversal of momentum returns: The US and international evidence	7
Stock return prediction: Stacking a variety of models	7
Reserve holding and bank lending	7

Multiple testing of the forward rate unbiasedness hypothesis across currencies	7
Unveiling the villain: Credit supply and the debt trap	7
Market neutrality and beta crashes	7
The protective role of saving: Bayesian analysis of British panel data	7
It is not just What you say, but How you say it: Why tonality matters in central bank communication	7
Technology spillover, corporate investment, and stock returns	7
CEO personality traits and corporate value implication of acquisitions	7
Tail risks and private equity performance	7
Director optimism and CEO equity compensation	7
Small is beautiful? How the introduction of mini futures contracts affects the regular contracts	7
Option gamma and stock returns	7
The aftermath of covenant violations: Evidence from China's corporate debt securities	6
Effects of customer unionization on supplier relationships and supplier value	6
Organization capital and analyst coverage	6
Volatility cascades in cryptocurrency trading	6
Stochastic volatility: A tale of co-jumps, non-normality, GMM and high frequency data	6
Trading the foreign exchange market with technical analysis and Bayesian Statistics	6
Local predictability of stock returns and cash flows	6
The battle between activist hedge funds and labor unions	6
Follow the leader: Index tracking with factor models	6
CEO neuroticism and corporate cash holdings: Evidence from CEOs’ tweets	6
Skilled active liquidity management: Evidence from shocks to fund flows	6
An adaptive long memory conditional correlation model	6
Forecasting realized volatility: Does anything beat linear models?	6
Editorial Board	6
Mispricing chasing and hedge fund returns	6
Stock return predictability and cyclical movements in valuation ratios	6
Does vega-neutral options trading contain information?	6
How price limit affects the market efficiency in a short-sale constrained market? Evidence from a quasi-natural experiment	6
Forecasting realized betas using predictors indicating structural breaks and asymmetric risk effects	6
The value of risk-taking in mergers: Role of ownership and country legal institutions	6