OOIR: Observatory of International Research

Papers

(The TQCC of Journal of International Financial Markets Institutions & Money is 14. 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 2022-07-01 to 2026-07-01.)

Article	Citations
Turkish currency crunch: Examining behavior across investor types	163
Do U.S. Institutional investors react to international politics?	155
When fiscal discipline meets macroeconomic stability: The Euro-stability bond	139
Editorial Board	115
Determinants of firms’ default on unsecured loans in the P2P crowdfunding market	111
Understanding sovereign credit ratings: Text-based evidence from the credit rating reports	109
License to Give Up? informal competition and registered SMEs’ discouragement	101
Information effect of credit rating announcements in transition economies	100
The impact of foreign ownership on the media’s role in curbing insider trading around private meetings	99
Should I stay or should I go? Stock market reactions to companies' decisions in the wake of the Russia-Ukraine conflict	90
Directors with foreign experience and corporate cash holdings	89
Cross-border capital flows and bank risk-taking:Evidence from China’s capital flow structure	87
European stock market volatility connectedness: The role of country and sector membership	81
Do big data mutual funds outperform?	76
The Shock of US-China trade war and the job Market: Downstream shrinkage and upstream employment	72
High-frequency connectedness between Bitcoin and other top-traded crypto assets during the COVID-19 crisis	71
The connectedness between meme tokens, meme stocks, and other asset classes: Evidence from a quantile connectedness approach	71
Energy market deregulation: A new perspective on dividend smoothing	68
Extractive institutions and banks’ implicit subsidies	65
From the executive suite to the environment: How does CEO power affect climate change disclosures?	64
Debt enforcement and loan loss provisions: Chinese evidence from the establishment of bankruptcy courts	62
Managing cryptocurrency risk exposures in equity portfolios: Evidence from high-frequency data	60
Editorial Board	60
Access to capital and energy efficiency: How high-speed rail investments benefit high-tech firms	59
How to develop global energy-intensive sectors in the presence of carbon tariffs?	58

Fintech, human development and energy poverty in sub-Saharan Africa	54
Does systematic tail risk matter?	54
Foreign controlling shareholders and corporate investment	53
Employment protection, corporate governance, and labor productivity around the World	49
The effects of homeownership on stock demand: A housing assignments quasi-experiment	47
Predictable liquidity properties in a Segmented, inelastic stock market	47
Tail dependence structure and extreme risk spillover effects between the international agricultural futures and spot markets	47
Leveraged finance exposure in the banking system: Systemic risk and interconnectedness	46
Did cryptomarket chaos unleash Silvergate's bankruptcy? investigating the high-frequency volatility and connectedness behind the collapse	44
Macro fundamentals and the resurgence of the Feldstein–Horioka puzzle in Europe	44
Learning financial survival from disasters	44
Social capital and retail investor behavior: evidence from the corporate social irresponsibility shocks in Taiwan	44
Joint effect of linguistic style and ethnicity on entrepreneurial fundraising: Evidence from equity crowdfunding	43
Corrigendum to “Societal trust and corporate risk-taking: International evidence” [J. Int. Fin. Mark. Instit. Money 76 (2022) 101490]	39
Global financial uncertainty shocks and external monetary vulnerability: The role of dominance, exposure, and history	38
Real earnings management and debt choice	38
Climate risk and the systemic risk of banks: A global perspective	38
Foreign ownership and stock liquidity uncertainty	37
Banks’ environmental policies and banks’ financial stability	37
Covered interest rate parity deviations, COVID-19 pandemic infection cases, and vaccination	36
Does ESG contracting align or compete with stakeholder interests?	36
Central bank digital currency and systemic risk	35
Carry and conditional value at risk trend: Capturing the short-, intermediate-, and long-term trends of left-tail risk forecasts	35
Do industries predict stock market volatility? Evidence from machine learning models	34
Sovereign credit rating downgrades and Growth-at-Risk	33
Climate risk and predictability of global stock market volatility	32
Investor heterogeneity and negative skewness in stock returns: Evidence from institutional investors	31
Biodiversity risk and firms’ access to trade credit	31
Fragile networks, costly credit: supply chain risk and bank loan contracting	30
Social capital, trust, and bank tail risk: The value of ESG rating and the effects of crisis shocks	30
Sovereign risk dynamics in the EU: The time varying relevance of fiscal and external (im)balances*	30
Currency carry trades, risk management, and firm value: Evidence from Korean banking industry	30
Financial earthquakes and aftershocks: From Brexit to Russia-Ukraine conflict and the stability of European banks	30
Does local government debt regulation improve rural banks’ performance? Evidence from China	29
Bilateral investment treaties and portfolio investment	29
Asymmetric Higher-Moment spillovers between sustainable and traditional investments	29
Organization capital, dividends and firm value: International evidence	29
Gold-mining stocks, risk factors, and tail patterns	28
Foreign investments during financial crises: Institutional investors’ informational skills create value when familiarity does not	28
Systemic risk under the radar: Evidence from building societies and challenger banks	28
Does market misvaluation drive cross-border M&As?	28
Cross-market overnight time-series momentum	27
Carbon concentration in bank portfolios and efficiency: the role of credit risk and capitalization	27
The dynamics of money supply determination under asset purchase programs: A market-based versus a bank-based financial system	27
The effect of margin trading, stock index futures, and firm characteristics on stock price synchronicity: Evidence from China	27
The effect of investor-driven information diffusion on excess comovement: Evidence from retail and institutional investors in China and the United States	27
Network structure and risk-adjusted return approach to stock indices integration: A study on Asia-Pacific countries	27
Impacts of carbon market and climate policy uncertainties on financial and economic stability: Evidence from connectedness network analysis	26
Explaining cryptocurrency returns: A prospect theory perspective	26
Geopolitical risk, financial constraints, and tax avoidance	26

What drives DeFi market returns?	26
Financial derivatives, analyst forecasts, and stock price synchronicity: Evidence from an emerging market	25
Differences in bank and microfinance business models: An analysis of the loan monitoring systems and funding sources	25
Family firm, financial constraint, and environmental preparedness: An international study	25
Banking networks, systemic risk, and the credit cycle in emerging markets	24
Why do stock markets negatively price democracy?	24
Editorial Board	24
From systematic to systemic risk among G7 members: Do the stock or real estate markets matter?	23
Does equity market openness increase productivity? the dual effects of Shanghai-Hong Kong stock Connect program in China	23
Asset pricing in bull and bear markets	23
Liquidity dynamics between virtual and equity markets	23
Does international trade moderate economic development’s impact on income inequality in the EU?	23
Technical analysis in cryptocurrency markets: Do transaction costs and bubbles matter?	23
Clustering asset markets based on volatility connectedness to political news	23
The governance effects of social media engagement on M&A outcomes: Evidence from China	23
Was the ICO boom just a sideshow of the Bitcoin and Ether Momentum?	22
Cross-border equity flows and information transmission: Evidence from Chinese stock markets	22
Do infectious diseases explain Bitcoin price Fluctuations?	22
Underdog mentality, identity discrimination and access to peer-to-peer lending market: Exploring effects of digital authentication	22
ESG performance and investment efficiency: The impact of information asymmetry	22
The role of US bank liquidity and regulations in Covered Interest Parity deviations	21
Editorial Board	21
Fan tokens: Sports and speculation on the blockchain	21
Exchange rate regime changes and market efficiency: An event study	21
Factor timing in currency markets	21
Financial sector development and microcredit to small firms	21
Bank competition and corporate tax avoidance: the Chinese experience	21
Monetary policy, cyclicality, and bank stability: Evidence from emerging economies	21
Digital disruptors at the gate. Does FinTech lending affect bank market power and stability?	21
Do ESG investments improve portfolio diversification and risk management during times of uncertainty	20
Global climate policy uncertainty and financial markets	20
Bank lending during the COVID-19 pandemic: A comparison of Islamic and conventional banks	20
The short-run impact of investor expectations’ past volatility on current predictions: The case of VIX	19
Social media as an amplifier of insider trading profits	19
Other comprehensive income volatility and bank risk	19
International political uncertainty and climate risk in the stock market	19
Green bonds’ connectedness with hedging and conditional diversification performance	19
Editorial Board	19
The effect of individualism on bank risk and bank Performance: An international study	18
Executives’ early-life experience and corporate debt contracting: Evidence from CEO military experience	18
Board tenure diversity and investment efficiency: A global analysis	18
Local product market competition and investment home bias	18
Regulatory arbitrage, shadow banking and monetary policy in China	18
Forecasting international financial stress: The role of climate risks	18
The long-run risk premium in the intertemporal CAPM: International evidence	18
Bankruptcy reforms and corporate debt structure	18
One crash, too many: Global uncertainty, sentiment factors and cryptocurrency market	18
Editorial Board	18
Financial Globalization, Fragmentation, and Crises: Over a Century-long Journey	17
Digital disruption in financing: Are fintech and bigtech credit reshaping corporate access to capital?	17
Do CoCos serve the goals of macroprudential supervisors or bank managers?	17
Are state-owned enterprises more responsible for carbon neutrality? Evidence from stock market reactions to China’s commitment to carbon neutrality	17
Editorial Board	17
Editorial Board	16
Is donation funding a dilemma for microfinance institutions?	16
FinTech platforms and mutual fund markets	16
Hedging effectiveness of bitcoin and gold: Evidence from G7 stock markets	16
New insights into liquidity resiliency	16
Macroeconomic attention and stock market return predictability	15
Self-regulation for responsible banking and ESG disclosure scores: Is there a link?	15
Predicting the conditional distribution of US stock market systemic Stress: The role of climate risks	15
Political risk, hedge fund strategies, and returns: Evidence from G7 countries	15
Information arrival and its impact on the loan secondary market: Evidence from the COVID-19 crisis	15
Can bilateral RMB swap reduce monetary policy spillovers from the United States to China?	15
Contagion effects of permissionless, worthless cryptocurrency tokens: Evidence from the collapse of FTX	14
Financial openness, liability composition of banks, and bank risk: International evidence	14
External investor protection and internal corporate governance: Substitutes or complements for motivating foreign portfolio investment?	14
Financial-judicial specialization and corporate innovation: Evidence from the establishment of financial courts in China	14
Empirical study on voting results and proxy advisor recommendations in Japan	14
Hedging effectiveness of cryptocurrencies in the European stock market	14
Sovereign credit rating provision and financial development	14
The Vienna initiative as a signaling mechanism to disrupt the banking doom loop	14