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 2021-11-01 to 2025-11-01.)

Article	Citations
When fiscal discipline meets macroeconomic stability: The Euro-stability bond	161
Should I stay or should I go? Stock market reactions to companies' decisions in the wake of the Russia-Ukraine conflict	153
Determinants of firms’ default on unsecured loans in the P2P crowdfunding market	137
European stock market volatility connectedness: The role of country and sector membership	125
Information effect of credit rating announcements in transition economies	119
Turkish currency crunch: Examining behavior across investor types	112
Serial acquirers and stock price crash risk: International evidence	110
The impact of foreign ownership on the media’s role in curbing insider trading around private meetings	101
Understanding sovereign credit ratings: Text-based evidence from the credit rating reports	101
Do big data mutual funds outperform?	87
Editorial Board	83
Do U.S. Institutional investors react to international politics?	81
High-frequency connectedness between Bitcoin and other top-traded crypto assets during the COVID-19 crisis	79
The Shock of US-China trade war and the job Market: Downstream shrinkage and upstream employment	79
Directors with foreign experience and corporate cash holdings	75
The connectedness between meme tokens, meme stocks, and other asset classes: Evidence from a quantile connectedness approach	74
Access to capital and energy efficiency: How high-speed rail investments benefit high-tech firms	71
Managing cryptocurrency risk exposures in equity portfolios: Evidence from high-frequency data	66
Employment protection, corporate governance, and labor productivity around the World	59
How to develop global energy-intensive sectors in the presence of carbon tariffs?	56
Extractive institutions and banks’ implicit subsidies	55
Does systematic tail risk matter?	52
Fintech, human development and energy poverty in sub-Saharan Africa	52
Editorial Board	51
Antidumping, firm performance, and subsequent responses	49

Foreign controlling shareholders and corporate investment	48
Tail dependence structure and extreme risk spillover effects between the international agricultural futures and spot markets	46
The economic consequences of violence against civilians: Developing economic resilience to violence	46
Havenly acquisitions	45
From the executive suite to the environment: How does CEO power affect climate change disclosures?	44
Societal trust and corporate risk-taking: International evidence	43
Covered interest rate parity deviations, COVID-19 pandemic infection cases, and vaccination	41
Macro fundamentals and the resurgence of the Feldstein–Horioka puzzle in Europe	41
Predictable liquidity properties in a Segmented, inelastic stock market	41
Real earnings management and debt choice	41
Leveraged finance exposure in the banking system: Systemic risk and interconnectedness	40
Learning financial survival from disasters	39
Central bank digital currency and systemic risk	39
Global financial uncertainty shocks and external monetary vulnerability: The role of dominance, exposure, and history	38
Did cryptomarket chaos unleash Silvergate's bankruptcy? investigating the high-frequency volatility and connectedness behind the collapse	38
Corrigendum to “Societal trust and corporate risk-taking: International evidence” [J. Int. Fin. Mark. Instit. Money 76 (2022) 101490]	37
Do visiting monks give better sermons? An analysis of the foreign experience of Chinese fund managers	36
Acquisition experience and director remuneration	36
Joint effect of linguistic style and ethnicity on entrepreneurial fundraising: Evidence from equity crowdfunding	35
Does ESG contracting align or compete with stakeholder interests?	34
Climate risk and the systemic risk of banks: A global perspective	34
Banks’ environmental policies and banks’ financial stability	34
Foreign ownership and stock liquidity uncertainty	34
Organization capital, dividends and firm value: International evidence	33
Does local government debt regulation improve rural banks’ performance? Evidence from China	33
Bilateral investment treaties and portfolio investment	33
Sovereign credit rating downgrades and Growth-at-Risk	32
Asymmetric Higher-Moment spillovers between sustainable and traditional investments	32
Sovereign risk dynamics in the EU: The time varying relevance of fiscal and external (im)balances*	31
Do industries predict stock market volatility? Evidence from machine learning models	31
Carry and conditional value at risk trend: Capturing the short-, intermediate-, and long-term trends of left-tail risk forecasts	29
Financial earthquakes and aftershocks: From Brexit to Russia-Ukraine conflict and the stability of European banks	29
Currency carry trades, risk management, and firm value: Evidence from Korean banking industry	28
Investor heterogeneity and negative skewness in stock returns: Evidence from institutional investors	28
Tax avoidance regulations and stock market responses	28
Unintentional herd behavior via the Google search volume index in international equity markets	26
Family firm, financial constraint, and environmental preparedness: An international study	26
Social capital, trust, and bank tail risk: The value of ESG rating and the effects of crisis shocks	26
Climate risk and predictability of global stock market volatility	26
The dynamics of money supply determination under asset purchase programs: A market-based versus a bank-based financial system	25
Does market misvaluation drive cross-border M&As?	25
Currency carry trade: The decline in performance after the 2008 Global Financial Crisis	25
Self-disclosed peer effects on corporate capital structure	25
What drives DeFi market returns?	25
Gold-mining stocks, risk factors, and tail patterns	25
EPU spillovers and stock return predictability: A cross-country study	25
Differences in bank and microfinance business models: An analysis of the loan monitoring systems and funding sources	25
Geopolitical risk, financial constraints, and tax avoidance	25
The effect of margin trading, stock index futures, and firm characteristics on stock price synchronicity: Evidence from China	24
Securitisation special purpose entities, bank sponsors and derivatives	24

Impacts of carbon market and climate policy uncertainties on financial and economic stability: Evidence from connectedness network analysis	24
Revisiting the PPP puzzle: Nominal exchange rate rigidity and region of inaction	24
Financial liberalization and the investment-cash flow sensitivity	23
Explaining cryptocurrency returns: A prospect theory perspective	23
Investor attention factors and stock returns: Evidence from China	23
Foreign investments during financial crises: Institutional investors’ informational skills create value when familiarity does not	23
Financial derivatives, analyst forecasts, and stock price synchronicity: Evidence from an emerging market	23
Why do stock markets negatively price democracy?	22
Liquidity dynamics between virtual and equity markets	22
Network structure and risk-adjusted return approach to stock indices integration: A study on Asia-Pacific countries	22
From systematic to systemic risk among G7 members: Do the stock or real estate markets matter?	21
The governance effects of social media engagement on M&A outcomes: Evidence from China	21
Cross-border equity flows and information transmission: Evidence from Chinese stock markets	21
Trade facilitation costs and corruption: Evidence from China	21
Banking networks, systemic risk, and the credit cycle in emerging markets	21
Clustering asset markets based on volatility connectedness to political news	21
Does international trade moderate economic development’s impact on income inequality in the EU?	21
Does equity market openness increase productivity? the dual effects of Shanghai-Hong Kong stock Connect program in China	20
Asset pricing in bull and bear markets	20
Exchange rate regime changes and market efficiency: An event study	20
ESG performance and investment efficiency: The impact of information asymmetry	20
The asymmetry of the Amihud illiquidity measure on the European markets: The evidence from Extreme Value Theory	20
Do infectious diseases explain Bitcoin price Fluctuations?	20
Financial sector development and microcredit to small firms	20
Technical analysis in cryptocurrency markets: Do transaction costs and bubbles matter?	20
Editorial Board	20
The role of US bank liquidity and regulations in Covered Interest Parity deviations	20
Global climate policy uncertainty and financial markets	19
Digital disruptors at the gate. Does FinTech lending affect bank market power and stability?	19
Do ESG investments improve portfolio diversification and risk management during times of uncertainty	19
Are we living in an illusion? A fresh look at the importance of bank capital in the quest for stability	19
Fan tokens: Sports and speculation on the blockchain	19
Green bonds’ connectedness with hedging and conditional diversification performance	19
A canary in a Coalmine! religious agency and its impact on the performance of Islamic banks	18
Was the ICO boom just a sideshow of the Bitcoin and Ether Momentum?	18
Editorial Board	18
Editorial Board	18
Bank lending during the COVID-19 pandemic: A comparison of Islamic and conventional banks	17
The short-run impact of investor expectations’ past volatility on current predictions: The case of VIX	17
Are state-owned enterprises more responsible for carbon neutrality? Evidence from stock market reactions to China’s commitment to carbon neutrality	17
Underdog mentality, identity discrimination and access to peer-to-peer lending market: Exploring effects of digital authentication	17
Editorial Board	17
Other comprehensive income volatility and bank risk	17
International political uncertainty and climate risk in the stock market	17
Digital disruption in financing: Are fintech and bigtech credit reshaping corporate access to capital?	17
Executives’ early-life experience and corporate debt contracting: Evidence from CEO military experience	16
Performance of intraday technical trading in China’s gold market	16
Asymmetric impact of Sino-US interest rate differentials and economic policy uncertainty ratio on RMB exchange rate	16
Social media as an amplifier of insider trading profits	16
Board tenure diversity and investment efficiency: A global analysis	16
Regulatory arbitrage, shadow banking and monetary policy in China	16
One crash, too many: Global uncertainty, sentiment factors and cryptocurrency market	16
Bankruptcy reforms and corporate debt structure	16
Editorial Board	16
Editorial Board	16
Have crisis-induced banking supports influenced European bank performance, resilience and price discovery?	16
Local product market competition and investment home bias	16
Corporate social responsibility in market liberalization: Evidence from Shanghai-Hong Kong Stock Connect	16
Forecasting international financial stress: The role of climate risks	16
The effect of individualism on bank risk and bank Performance: An international study	16
Two faces of financial systems: Provision of services versus shock-smoothing	16
The long-run risk premium in the intertemporal CAPM: International evidence	16
Can bilateral RMB swap reduce monetary policy spillovers from the United States to China?	15
FinTech platforms and mutual fund markets	15
Predicting the conditional distribution of US stock market systemic Stress: The role of climate risks	15
Hedging effectiveness of bitcoin and gold: Evidence from G7 stock markets	15
Political risk, hedge fund strategies, and returns: Evidence from G7 countries	15
New insights into liquidity resiliency	15
Self-regulation for responsible banking and ESG disclosure scores: Is there a link?	15
Do financial markets reward government spending efficiency?	15
Contagion effects of permissionless, worthless cryptocurrency tokens: Evidence from the collapse of FTX	14
Infrastructure financing in Africa	14
Do CoCos serve the goals of macroprudential supervisors or bank managers?	14
Financial openness, liability composition of banks, and bank risk: International evidence	14
Do macroprudential policies affect bank efficiency? Evidence from emerging economies	14
Hedging effectiveness of cryptocurrencies in the European stock market	14
Does climate risk shape firms’ accounting conservatism?	14
GCC Sovereign Wealth Funds: Why do they take control?	14