Global Finance Journal

Article	Citations
Balancing the books: The role of energy-related uncertainty in corporate leverage	384
Liquidity spillovers in the global stock markets: Lessons for risk management	230
Profitability and low-risk anomalies reexamined	139
Editorial Board	90
The regulatory environment and financial constraints of private firms in the European Union	78
The diminishing lustre: Gold's market volatility and the fading safe haven effect	77
How does foreign economic policy uncertainty affect domestic analyst earnings forecasts?	63
Fiduciary or loyalty? Evidence from top management counsel and stock liquidity	61
Watchdogs of greenwashing: The role of long-term institutional cross-ownership	61
The digital economy, market integration and environmental gains	55
Public sector unions and municipal debt	54
Does social capital matter in underwriter's fees?	54
How do voting powers matter in equity finance? Evidence from chinese private placements	54
Supply chain contagion effects of negative CSR events: A stock market reaction perspective	52
Foreword to 2021 New Zealand Finance Meeting	51
Under the microscope: Trade initiation activities around earnings and takeover announcements in a market with continuous disclosure	51
The stock market effects of committing and setting GHG targets: evidence from the science-based targets initiative	50
Culture and exit mechanisms: International evidence	47
Deferring real options with solar renewable energy certificates	46
Does bank capital reduce liquidity creation?	46
Data breaches (hacking) and trade credit	45
Asset securitizations and bank stability: Evidence from different banking systems	45
The impact of reporting changes on hidden liquidity: Evidence from the Chicago stock exchange	45
ESG activities and firm cash flow	43
Does news related to digital economy and central bank digital currency affect digital economy ETFs? Evidence from TVP-VAR connectedness and wavelet local multiple correlation analyses	42

Global perspectives on corporate social responsibility, political institutions, and the political economy	42
Stabilizing global foreign exchange markets in the time of COVID-19: The role of vaccinations	41
Money talks, green walks: Does financial inclusion promote green sustainability in Africa?	40
Equity misvaluation and debt markets	40
Research on safe-haven currencies under global uncertainty —A new perception based on the East Asian market	40
Busy board and corporate debt maturity structure	39
The impact of capital on bank profitability during the COVID-19 pandemic	37
Greasing the wheels of irreversible investment: International evidence on the economic effects of corruption	34
Impact of Fintech on labor allocation efficiency in firms: Empirical evidence from China	33
Do large-cap exchange-traded funds perform better than their small-cap counterparts in extreme market conditions?	32
Tail risk transmission in technology-driven markets	32
Tokenization of sukuk: Ethereum case study	31
Green property finance and CO2 emissions in the building industry	30
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	29
Price sensitivity of the consumer-investor: Evidence from energy prices and mutual fund fees	29
Information content of the limit order book: A cross-sectional analysis in Borsa Istanbul	29
Does asset-based uncertainty drive asymmetric return connectedness across regional ESG markets?	28
Climate risk, ESG performance, and ESG sentiment in US commercial banks	28
Risk governance and financial stability: A comparative study of conventional and Islamic banks in the GCC	28
Equity market response to natural disasters: Does firm's corporate social responsibility make difference?	27
Dynamic spillover effects among green bond, renewable energy stocks and carbon markets during COVID-19 pandemic: Implications for hedging and investments strategies	26
Editorial Board	26
Editorial Board	25
Corporate social responsibility as a common risk factor	24
Firm valuations and board compensation: Evidence from alternative banking models	24
Resistance or motivation? Impact of climate risk on corporate greenwashing: An empirical study of Chinese enterprises	23
Corporate political risk and environmental performance	23
Learning, foreign operations and operating performance	23
Climate transition risk in sovereign bond markets	23
The green transition and tech firms' financial performance: Insights from patent data	23
FinTech entrepreneurial ecosystem in India: Role of incubators and accelerators	22
Trend following or reversal: Does culture affect predictions and trading behavior?	22
Informational linkage and price discovery between China's futures and spot markets: Evidence from the US–China trade dispute	22
Financial turbulence, systemic risk and the predictability of stock market volatility	22
Credit market conditions, expected return proxies, and bank stock returns	22
Measuring the risk appetite of bank-controlling shareholders: The Risk-Weighted Ownership index	22
Foreign institutional investors and share pledging: Evidence from China's stock market openness reform	22
Extreme weather, climate risk, and the lead–lag role of carbon	21
Terror threat and investor sentiment: International evidence	21
Do Muslim CEOs and Muslim stakeholders prefer Islamic debt financing?	21
Clusters of social impact firms: A complex network approach	21
Multinationals and stock return comovement	21
Exploring the drivers of investment in Fintech: Board composition and home bias in banking	20
The “night effect” of intraday trading: Evidence from Chinese gold and silver futures markets	20
Political legitimacy and CSR reporting: Evidence from non-SOEs in China	19
Net stable funding ratio: Implication for Bank stability in Europe	19
FinTech development and commercial bank efficiency in China	19
Property crime and lottery-related anomalies	18
Information asymmetry in non-US stocks: The compounding and mitigating effects of tax havens and corruption	18
Cross-sector comovements and policy impact in the COVID-19 stock market: A dynamic factor approach	18

Stock returns and income inequality: Asymmetric evidence from state level data in the U.S.	18
Editorial Board	18
Bridging the gap: Uncovering static and dynamic relationships between digital assets and BRICS equity markets	17
Opportunistic earnings management or performance-related effects? Evidence from dividend-paying firms	17
Digital technology innovation and corporate resilience	17
Editorial: Special issue on green finance and the post-COVID-19 world	17
Sailing through uncertainty: Shipping's role in financial shock transmission and hedging strategies	17
Walking quietly: Fiduciary waivers and blockholder exit	17
Deep reinforcement learning for portfolio selection	16
Economic policy uncertainty and the inhibitory effect of firms' green technology innovation	16
Spreading the fear: The central role of CBOE VIX in global stock market uncertainty	16
ESG rating disagreement and the cost of equity capital	16
Editorial Board	16
Role of digital finance, investment, and trade in technological progress	16
Limits of arbitrage and their impact on market efficiency: Evidence from China	16
The impact of news on the volatility of ESG firms	16
Bank scandal contagion: Evidence from the Wells Fargo cross-selling scandal	15
When ESG news talks: How media sentiment shapes corporate financial behavior in China	15
Unlocking the black box of sentiment and cryptocurrency: What, which, why, when and how?	15
Which market dominates the price discovery in currency futures? The case of the Chicago Mercantile Exchange and the Intercontinental Exchange	15
Risk implications of dependence in the commodities: A copula-based analysis	14
Extreme connectedness of agri-commodities with stock markets and its determinants	14
Monetary winds of change: Exploring the link between policy shifts and bank profitability in developed and emerging European markets	14
Internationalization and firm performance	14
Business expectations and public policies amid exogenous shocks: The COVID-19 case in Latin America	13
Ownership concentration and equity transactions: The ambivalent role of controlling shareholders in firm performance in Latin American contexts	13
Intraday impact of macroeconomic and COVID-19 news on Latin American stock indexes	13
Technological progress and carbon emissions: Evidence from the European Union	13
Capital structure of Islamic banks: How different are they from conventional banks?	13
Corrigendum to “Private placement, share prices, volume and financial crisis: An emerging market study” [Global Finance Journal Volume 24, Issue 3, 2013, Pages 203–221]	13
Real asset liquidity, cash holdings, and the cost of corporate debt	13
Nonparametric identification of factors for the cross-section of Latin American stock returns	12
Technical efficiency of Islamic and conventional banks with undesirable output: Evidence from a stochastic meta-frontier directional distance function	12
Does climate risk influence exchange rates?	12
Trading behaviour and market sentiment: Firm-level evidence from an emerging Islamic market	12
Sovereign fiscal capacity, implicit subsidies, and bank value	12
Firm performance & effective mitigation of adverse business scenarios	12
The evolution of corporate social responsibility in China: Do political connection and ownership matter?	11
In search of COVID-19 and stock market behavior	11
Financial structure and economic efficiency in Sub-Saharan Africa	11
Do different streams of capital flows affect asset prices differently?	11
Dynamics of mining markets: Equilibrium implications for professional and casual miners	11
Comparing the impact of Chinese and U.S. economic policy uncertainty on the volatility of major global stock markets	11
Disaster response: The COVID-19 pandemic and insider trading around the world	11
Dynamic connectedness, spillover, and optimal hedging strategy among FinTech, Sukuk, and Islamic equity markets	11
The role of ESG performance in firms' resilience during the COVID-19 pandemic: Evidence from Nordic firms	11
Green bonds: Do investors benefit from third-party certification?	11
Explaining differences in CEO gender diversity across industries: Do personality traits matter?	11
The power of attention: examining the roles of institutional investor and macroeconomic news attention in shaping share liquidity	10
A leap of faith that echoes well? The value impact of Chinese firms starting up business overseas	10
Comovement and S&P 500 membership	10
Does social network connectedness affect acquirer merger performance around the world?	10
Corrigendum to “Managerial market timing under credit risk: How do timed buybacks and stock issuances influence the value of long-term shareholders?” [Global Finance Journal 55 (2023) 100807]	10
The rising risks of fossil fuel lobbying	10
Do female CEOs matter for ESG scores?	10
Corporate governance and liquidity creation nexus in Islamic banks—Is managerial ability a channel?	10
The impact of term limits on municipal borrowing costs	10
Editorial Board	10
Unlocking the impact of digital technology progress and entry dynamics on firm's total factor productivity in Chinese industries	9
Can the green credit policy reduce carbon emission intensity of “high-polluting and high-energy-consuming” enterprises? Insight from a quasi-natural experiment in China	9
The devil is in the details: Does information in credit rating announcements affect dividend policy?	9
Editorial Board	9
A MIDAS multinomial logit model with applications for bond ratings	9
Understanding drought shocks: Bank financial stability and loan performance	9
Home equity and retirement funding: Challenges and opportunities	9
Exploring a Quasi-absolute priority rule for pay-outs to operational creditors in bankruptcy resolutions: Evidence from India	9
Does ESG rating disagreement impede corporate green innovation?	9
Macroprudential regulation and bank risk: The role of shareholders' and creditors' rights	9
The evolution of corporate payout in Canada	9
Retrospective wisdom: Long-term orientation and the rating downgrades of financial institutions	9
Accounting disclosures and stock price efficiency: Evidence from mandatory IFRS adoption	8
Linkages between financial and macroeconomic indicators in emerging markets and developing economies	8
Noninterest income mix and bank performance: Generalized propensity score fractional dose–response function evidence	8
CEO casting call: Investor attention to corporate leadership appointments	8
Asymmetric time-frequency risk spillovers between the Fourth Industrial Revolution assets and commodity futures: Is economic policy uncertainty a driving factor?	8
Large blockholders and stock price crash risk: An international study	8
Effects of female directors on gender diversity at lower organization levels and CSR performance: Evidence in Japan	8
Responsive CSR as damage control and the effect of institutional owner commitment	8
Do ESG rating changes matter? Evidence from Chinese stock market	8
Fintech's impact on conventional and Islamic sustainable equities: Short- and long-term contributions of the digital financial ecosystem	8

Can extra-financial ratings serve as an indicator of ESG risk?	8
The dynamics of market efficiency of major cryptocurrencies	8
AI strategies for financial inclusion and gender equality in MENAT: Evidence from Egypt, Turkey, and the UAE	7
Heterogeneity of foreign investors and Knightian uncertainty: Evidence from the Chinese capital market	7
Firm-level risk of climate change: Evidence from climate disasters	7
Transition to Islamic equities: Systematic risk and Shari'ah compliance	7
Increasing profitability through contingent convertible capital: Empirical evidence from European banks	7
China's economic policy uncertainty and firm-level investment in Southeast Asian economies: The role of trade connection and financial development	7
Friendly press, fading greens: The effect of media connection on firm greenwashing	7
Unveiling interconnectedness and risk spillover among cryptocurrencies and other asset classes	7
Financial technology and financial capability: Study of the European Union	7
Value-at-risk and the cross section of emerging market hedge fund returns	6
Empirical effects of sanctions and support measures on stock prices and exchange rates in the Russia–Ukraine war	6
Impact of oil demand and supply shocks on the exchange rates of selected Southeast Asian countries	6
How resilient are PE/VC returns to real shocks?	6
Corporate environmental responsibility and financial constraints for unlisted SMEs	6
Do insiders profit from public environmental information? Evidence from insider trading	6
Research on the FinTech risk early warning based on the MS-VAR model: An empirical analysis in China	6
Do institutional ownership and innovation influence idiosyncratic risk?	6
An algorithmic trading system based on a stacked generalization model and hidden Markov model in the foreign exchange market	6
Oil shocks and currency behavior: A dual approach to digital and traditional currencies	6
Climate change and corporate credit worthiness: International evidence	6
Executive stock ownership, debt choice, and the moderating effect of institutional owners	6
Equity market linkages across Latin American countries	5
Pandemic-induced fear and stock market returns: Evidence from China	5
Pricing of European currency options considering the dynamic information costs	5
Design of employee pension benefits model and China's pension gender gap	5
The effect of issuance documentation disclosure and readability on liquidity: Evidence from green bonds	5
Does ESG matter to investors? ESG scores and the stock price response to new information	5
Corporate governance and CSR disclosure: Evidence from French listed companies	5
A state-dependent international CAPM for partially integrated markets: Using local and US risk factors	5
Informational role of analyst and investor days	5
Institutional openness and the labor income share of enterprises - A decade and a half of empirical evidence from China's free trade zones	5
Is there a tradeoff between management earnings forecasts and sustainability reporting?	5
The Eurozone banking sector in the time of COVID-19: Measuring volatility connectedness	5
Internal alliance and firm risk	5
Synthetic cap rate indices (1991-Covid era)	5
Does corporate sexual orientation equality affect labor investment efficiency?	5
Digital finance, financing constraints, and green technological innovation: A spatial analysis	5
Do market, resource and knowledge distance impact inbound cross-border acquisition?	5
Director networks and misconduct	5
Impact of environmental, social, and governance rating disagreement on real earnings management in Chinese listed companies	5
The determinants of funding liquidity risk in decentralized lending	4
Financial inclusion and bank profitability: Evidence from a developed market	4
US partisan conflict uncertainty and households' access to bank credit: Evidence from UK survey data	4
Green finance reform and reshaping firm-banking relationships: Evidence from China	4
Does executive gender matter for corporate financial policies under uncertainty?	4
Quantile connectedness and the determinants between FinTech and traditional financial institutions: Evidence from China	4
Robinhood investors and corporate misconduct	4
Tail risk network analysis of Asian banks	4
Will technological advancement affect Bitcoin trading and pricing? Evidence from BRC-20 tokens	4
Beyond the headlines: Sentiment divergence and financial distress	4
The impact of financial crises on industrial growth in the Middle East and North Africa	4
Hydroclimatic risk mispricing: Evidence from China	4
Employee effort and earnings management	4
Time-varying asymmetric spillovers among cryptocurrency, green and fossil-fuel investments	4
Global power and Stock market co-movements: A study of G20 markets	4
Conventional and downside CAPM: The case of London stock exchange	4
Editorial Board	4
Do R&D subsidies promote or inhibit firm R&D collaboration? An empirical analysis on the role of risk tolerance in China	4
Technical indicators and cross-sectional expected returns	4
Terrorism and cross-border mergers and acquisitions	4
Nexus analysis of financial management, digital finance and new technologies	4
When do ESG controversies reduce firm value in India?	4
Extreme negative events and corporate acquisitions: Terrorist attacks	4
The pitfalls of (non-definitive) Environmental, Social, and Governance scoring methodology	3
Predictability of stock market returns: New evidence from developed and developing countries	3
Sleeplessness, distraction and stock market performance: Evidence from the world cup	3
Value of climate change news: A textual analysis	3
Analytical fixed income pricing in discrete time: A new family of models	3
Pyramidal structure, vertical interlock, and corporate innovation	3
Does the stock market anticipate events and supreme court decisions in corporate cases?	3
Competition in dual markets: Implications for banking system stability	3
Climate risk, ESG ratings, and the flow-performance relationship in mutual funds	3
Political turnover and related party transactions in Chinese state-owned enterprises	3
Who trades bitcoin futures and why?	3
Stock, foreign exchange and commodity markets linkages: Implications for risk diversification and portfolio management	3
Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking	3
The impact of public health emergencies on small and medium-sized enterprises: Evidence from China	3
Corporate social responsibility and voting over public goods	3
The effect of equity market uncertainty on informational efficiency: Cross-sectional evidence	3
Cognitive, affective, and normative factors affecting digital insurance adoption among persons with disabilities: A two-stage SEM-ANN analysis	3
ESG news spillover and corporate investment efficiency	3
Does compliance with corporate governance increase profitability? Evidence from an emerging economy: Pakistan	3
The effect of digital economy and environmental regulation on green total factor productivity: Evidence from China	3
Informed trading in the options market surrounding data breaches	3
Managerial market timing under credit risk: How do timed buybacks and stock issuances influence the value of long-term shareholders?	3
Local culture and tax avoidance: Evidence from gambling preference behavior	3
Piecing together the extent of retail fractional trading	3
Executive compensation disclosure in emerging markets with weak shareholder enforcement: A multi-level analysis	3
Managing man and machine: Automation potential and labor investment efficiency	3
The impact of oil shocks on the stock market	3
Asymmetric dependency among US national financial conditions and clean energy markets	3