International Review of Financial Analysis

Article	Citations
Searching for safe-haven assets during the COVID-19 pandemic	424
Return connectedness across asset classes around the COVID-19 outbreak	372
ESG disclosure and financial performance: Moderating role of ESG investors	304
Digitalization, competition strategy and corporate innovation: Evidence from Chinese manufacturing listed companies	271
Crude oil market and stock markets during the COVID-19 pandemic: Evidence from the US, Japan, and Germany	238
Can digital financial inclusion promote China's economic growth?	218
The impact of the FinTech revolution on the future of banking: Opportunities and risks	209
Predicting stock returns in the presence of COVID-19 pandemic: The role of health news	204
Women on corporate boards and corporate financial and non-financial performance: A systematic literature review and future research agenda	203
Green credit policy and corporate access to bank loans in China: The role of environmental disclosure and green innovation	181
Corporate ESG performance and manager misconduct: Evidence from China	164
Do ESG ratings promote corporate green innovation? A quasi-natural experiment based on SynTao Green Finance's ESG ratings	151
Diversifying equity with cryptocurrencies during COVID-19	149
Dynamic volatility spillovers across oil and natural gas futures markets based on a time-varying spillover method	147
Green credit regulation, induced R&D and green productivity: Revisiting the Porter Hypothesis	146
The hedging effect of green bonds on carbon market risk	136
Directional spillover effects and time-frequency nexus between oil, gold and stock markets: Evidence from pre and during COVID-19 outbreak	135
Investor attention and global market returns during the COVID-19 crisis	131
Asymmetric nexus between COVID-19 outbreak in the world and cryptocurrency market	127
Firms' digitalization and stock price crash risk	120
Climate change, risk factors and stock returns: A review of the literature	118
International variations in ESG disclosure – Do cross-listed companies care more?	117
Dynamic spillovers between energy and stock markets and their implications in the context of COVID-19	116
Asymmetric volatility spillover among Chinese sectors during COVID-19	116
Gold or Bitcoin, which is the safe haven during the COVID-19 pandemic?	116

Risk transmissions between bitcoin and traditional financial assets during the COVID-19 era: The role of global uncertainties	116
Tail risk contagion between international financial markets during COVID-19 pandemic	109
Asymmetric causality of economic policy uncertainty and oil volatility index on time-varying nexus of the clean energy, carbon and green bond	108
Risk spillovers between FinTech and traditional financial institutions: Evidence from the U.S.	108
Extreme spillovers across Asian-Pacific currencies: A quantile-based analysis	107
Why do institutional investors buy green bonds: Evidence from a survey of European asset managers	105
When the Japanese stock market meets COVID-19: Impact of ownership, China and US exposure, and ESG channels	101
Which sentiment index is more informative to forecast stock market volatility? Evidence from China	97
A tale of two tails among carbon prices, green and non-green cryptocurrencies	95
Dynamic volatility spillovers and investment strategies between the Chinese stock market and commodity markets	95
Time-frequency spillovers among carbon, fossil energy and clean energy markets: The effects of attention to climate change	95
The impact of the Russian-Ukrainian war on global financial markets	95
Which popular predictor is more useful to forecast international stock markets during the coronavirus pandemic: VIX vs EPU?	95
Carbon disclosure, carbon performance and financial performance: International evidence	95
The impact of COVID-19 pandemic on transmission of monetary policy to financial markets	94
ESG performance and corporate risk-taking: Evidence from China	93
Volatility spillovers across NFTs news attention and financial markets	93
Assessing the safe haven property of the gold market during COVID-19 pandemic	92
Impact of internet finance on the performance of commercial banks in China	91
Cooperative financial institutions: A review of the literature	89
Immunizing markets against the pandemic: COVID-19 vaccinations and stock volatility around the world	87
Tail dependence between Bitcoin and financial assets: Evidence from a quantile cross-spectral approach	86
Machine learning as an early warning system to predict financial crisis	84
Covid-19 pandemic and spillover effects in stock markets: A financial network approach	84
Cash flow uncertainty, financial constraints and R&D investment	83
Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe	82
Financial market development: A potentiating policy choice for the green transition in G7 economies	82
The impact of Covid-19 on G7 stock markets volatility: Evidence from a ST-HAR model	82
Environmental regulation and firm product quality improvement: How does the greenwashing response?	79
Trump vs. Paris: The impact of climate policy on U.S. listed oil and gas firm returns and volatility	79
From COVID-19 herd immunity to investor herding in international stock markets: The role of government and regulatory restrictions	79
ESG Controversies, ESG Disclosure and Analyst Forecast Accuracy	78
Nonlinear effects of climate policy uncertainty and financial speculation on the global prices of oil and gas	76
Corporate social responsibility and investment efficiency: Does business strategy matter?	76
Economic policy uncertainty and corporate financialization: Evidence from China	76
Linkages between DeFi assets and conventional currencies: Evidence from the COVID-19 pandemic	76
Investor attention in cryptocurrency markets	75
Product market competition in accounting, finance, and corporate governance: A review of the literature	73
The impact of geopolitical uncertainty on energy volatility	73
Dynamic spillovers across oil, gold and stock markets in the presence of major public health emergencies	72
Media coverage and corporate ESG performance: Evidence from China	69
Corporate governance quality and financial leverage: Evidence from China	68
Small fish in big ponds: Connections of green finance assets to commodity and sectoral stock markets	66
Environmental regulation, green innovation, and export product quality: What is the role of greenwashing?	63
Spillovers and connectedness between major precious metals and major currency markets: The role of frequency factor	62
The influence of the COVID-19 pandemic on asset-price discovery: Testing the case of Chinese informational asymmetry	62
Time-frequency co-movement of cryptocurrency return and volatility: Evidence from wavelet coherence analysis	61
Board of directors’ attributes and corporate outcomes: A systematic literature review and future research agenda	61
Decentralized exchanges: The “wild west” of cryptocurrency trading	60
Retracted: Towards sustainable development: How does ESG performance promotes corporate green transformation	60

Should investors include green bonds in their portfolios? Evidence for the USA and Europe	59
Geopolitical risk, climate risk and energy markets: A dynamic spillover analysis	59
What drive carbon price dynamics in China?	59
Spatial linkage of volatility spillovers and its explanation across G20 stock markets: A network framework	59
Volatility spillover and investment strategies among sustainability-related financial indexes: Evidence from the DCC-GARCH-based dynamic connectedness and DCC-GARCH t-copula approach	59
Green finance and investment behavior of renewable energy enterprises: A case study of China	58
The impact and role of COVID-19 uncertainty: A global industry analysis	58
The illusion of the metaverse and meta-economy	58
Controlling shareholder share pledging and stock price crash risk: Evidence from China	56
R&D and environmentally induced innovation: Does financial constraint play a facilitating role?	55
Environmental regulations and firms' green innovations: Transforming pressure into incentives	55
The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets?	54
Which cryptocurrency data sources should scholars use?	54
Economic fundamentals or investor perceptions? The role of uncertainty in predicting long-term cryptocurrency volatility	53
Board gender diversity, power, and bank risk taking	53
Asymmetric interdependencies between large capital cryptocurrency and Gold returns during the COVID-19 pandemic crisis	53
Quantile connectedness between energy, metal, and carbon markets	53
Global equity market volatilities forecasting: A comparison of leverage effects, jumps, and overnight information	52
A bibliometric review of financial market integration literature	52
Investor sentiment and stock volatility: New evidence	51
Herd behaviour & investor sentiment: Evidence from UK mutual funds	51
Identifying the comovement of price between China's and international crude oil futures: A time-frequency perspective	51
How world uncertainties and global pandemics destabilized food, energy and stock markets? Fresh evidence from quantile on quantile regressions	51
The role of the carbon market in relation to the cryptocurrency market: Only diversification or more?	50
Fiscal incentives, financial support for agriculture, and urban-rural inequality	50
CSR, financial and non-financial performance in the tourism sector: A systematic literature review and future research agenda	50
Economic policy uncertainty and firm investment decisions: Dilemma or opportunity?	49
Economic resiliency and recovery, lessons from the financial crisis for the COVID-19 pandemic: A regional perspective from Central and Eastern Europe	49
Do state subsidies increase corporate environmental spending?	49
Foreign institutional ownership and corporate cash holdings: Evidence from emerging economies	48
Cyber-attacks and stock market activity	48
Tail risk measurement in crypto-asset markets	48
Quantile connectedness between sentiment and financial markets: Evidence from the S&P 500 twitter sentiment index	47
Asymmetric volatility spillover between oil-importing and oil-exporting countries' economic policy uncertainty and China's energy sector	47
Can fintech innovation promote household consumption? Evidence from China family panel studies	47
Climate policy uncertainty and risks taken by the bank: Evidence from China	46
Bank competition, concentration and EU SME cost of debt	46
Information connectedness of international crude oil futures: Evidence from SC, WTI, and Brent	45
Higher-order moment risk connectedness and optimal investment strategies between international oil and commodity futures markets: Insights from the COVID-19 pandemic and Russia-Ukraine conflict	45
How does fintech influence carbon emissions: Evidence from China's prefecture-level cities	45
Media sentiment and short stocks performance during a systemic crisis	45
How does digital inclusive finance affect economic resilience: Evidence from 285 cities in China	45
Does economic policy uncertainty drive nonlinear risk spillover in the commodity futures market?	44
Enterprise digital transformation, breadth of ownership and stock price volatility	44
The ESG effect on the cost of debt financing: A sharp RD analysis	44
Retail investor attention and firms' idiosyncratic risk: Evidence from China	44
Research on optimization of an enterprise financial risk early warning method based on the DS-RF model	43
Ecological compensation in air pollution governance: China's efforts, challenges, and potential solutions	43
Inflation targeting & implications of oil shocks for inflation expectations in oil-importing and exporting economies: Evidence from three Nordic Kingdoms	43
Can both Bitcoin and gold serve as safe-haven assets? — A comparative analysis based on the NARDL model	43
Is Bitcoin a better portfolio diversifier than gold? A copula and sectoral analysis for China	43
Digital finance and corporate financial fraud	43
Multi-dimensional corporate social responsibilities and stock price crash risk: Evidence from China	42
Dynamic efficiency and arbitrage potential in Bitcoin: A long-memory approach	42
COVID-19 and finance scholarship: A systematic and bibliometric analysis	42
How cryptocurrency affects economy? A network analysis using bibliometric methods	42
Multilayer financial networks and systemic importance: Evidence from China	42
Can ESG ratings mitigate managerial myopia? Evidence from Chinese listed companies	42
A systematic literature review on risk disclosure research: State-of-the-art and future research agenda	41
Does Bitcoin still own the dominant power? An intraday analysis	41
Research on the impact of OFDI on the home country's global value chain upgrading	40
When bitcoin lost its position: Cryptocurrency uncertainty and the dynamic spillover among cryptocurrencies before and during the COVID-19 pandemic	40
Measuring quantile dependence and testing directional predictability between Bitcoin, altcoins and traditional financial assets	40
Exchange rate return predictability in times of geopolitical risk	39
The dilemma of government intervention in a firm's financing: Evidence from China	39
Dynamic spillovers between uncertainties and green bond markets in the US, Europe, and China: Evidence from the quantile VAR framework	39
The effect of earnings management on firm performance: The moderating role of corporate governance quality	39
Climate risk and bank liquidity creation: International evidence	39
News-based sentiment and bitcoin volatility	39
Information uncertainty, investor sentiment, and analyst reports	39
Business Tax reform and CSR engagement: Evidence from China	38
Time and frequency connectedness of green equity indices: Uncovering a socially important link to Bitcoin	38
Financing the green projects: Market efficiency and volatility persistence of green versus conventional bonds, and the comparative effects of health and financial crises	38
Interconnected multilayer networks: Quantifying connectedness among global stock and foreign exchange markets	38
Key audit matters and stock price synchronicity: Evidence from a quasi-natural experiment in China	38
The influence of qualified foreign institutional investors on internal control quality: Evidence from China	38
Shareholder litigation rights and ESG controversies: A quasi-natural experiment	38
Forecasting crude oil volatility with geopolitical risk: Do time-varying switching probabilities play a role?	38
The effect of market competition on corporate cash holdings: An analysis of corporate innovation and financial constraint	38
“Shiny” crypto assets: A systemic look at gold-backed cryptocurrencies during the COVID-19 pandemic	37

Re-examination of international bond market dependence: Evidence from a pair copula approach	37
Environmental subsidy disruption, skill premiums and ESG performance	37
A network perspective of comovement and structural change: Evidence from the Chinese stock market	37
A bibliometric analysis of cultural finance	36
Cash-rich firms and carbon emissions	36
Stock market reaction to COVID-19: Evidence from U.S. Firms’ International exposure	36
Institutional characteristics and the development of crowdfunding across countries	35
Extreme spillover effect of COVID-19 pandemic-related news and cryptocurrencies on green bond markets: A quantile connectedness analysis	35
Board gender diversity and dividend payout: The critical mass and the family ties effect	35
Do green bonds and economic policy uncertainty matter for carbon price? New insights from a TVP-VAR framework	34
Asymmetric mean reversion of Bitcoin price returns	34
Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios	34
High-technology development zones and innovation in knowledge-intensive service firms: Evidence from Chinese A-share listed firms	34
Liquidity in the cryptocurrency market and commonalities across anomalies	33
The impacts of investors' sentiments on stock returns using fintech approaches	33
Macroeconomic attention, economic policy uncertainty, and stock volatility predictability	33
Green bond vs conventional bond: Outline the rationale behind issuance choices in China	33
Predicting stock returns: A risk measurement perspective	33
Fintech, macroprudential policies and bank risk: Evidence from China	32
NFTs, DeFi, and other assets efficiency and volatility dynamics: An asymmetric multifractality analysis	32
The impact of abnormal real earnings management to meet earnings benchmarks on future operating performance	32
Fintech inputs, non-performing loans risk reduction and bank performance improvement	32
Investor attention shocks and stock co-movement: Substitution or reinforcement?	32
Extreme quantile spillovers and drivers among clean energy, electricity and energy metals markets	32
Can digital innovation improve firm performance: Evidence from digital patents of Chinese listed firms	32
Corporate cash holdings, agency problems, and economic policy uncertainty	32
Do site visits mitigate corporate fraudulence? Evidence from China	32
Do the crude oil futures of the Shanghai International Energy Exchange improve asset allocation of Chinese petrochemical-related stocks?	31
Climate transition risk, profitability and stock prices	31
VCRIX — A volatility index for crypto-currencies	31
International review of financial analysis: A retrospective evaluation between 1992 and 2020	31
Sustainable development: The impact of political risk, macroeconomic policy uncertainty and ethnic conflict	31
Economic policy uncertainty and the cost of capital	31
Does carbon emission of firms matter for Bank loans decision? Evidence from China	31
Tail connectedness between lending/borrowing tokens and commercial bank stocks	31
ESG scores and target price accuracy: Evidence from sell-side recommendations in BRICS	30
On the asymmetric relationship between stock market development, energy efficiency and environmental quality: A nonlinear analysis	30
Explain systemic risk of commodity futures market by dynamic network	30
Does insiders share pledging stifle innovation? Evidence from China	30
Connectedness structures of sovereign bond markets in Central and Eastern Europe	30
Monetary policy and commodity markets: Unconventional versus conventional impact and the role of economic uncertainty	30
Measuring bank risk: Forward-looking z-score	29
Constructing a positive sentiment index for COVID-19: Evidence from G20 stock markets	29
Ethical and unethical investments under extreme market conditions	29
Corporate digital transformation and labor structure upgrading	29
Systemic risk in the Chinese financial system: A panel Granger causality analysis	29
Sentiment stocks	29
Climate transition risk in U.S. loan portfolios: Are all banks the same?	29
Multivariate long memory structure in the cryptocurrency market: The impact of COVID-19	28
The monitoring role of venture capital on controllers' tunneling: Evidence from China	28
Economic policy uncertainty and leverage dynamics: Evidence from an emerging economy	28
Quantifying the extreme spillovers on worldwide ESG leaders' equity	28
Geopolitical risk and the returns and volatility of global defense companies: A new race to arms?	28
The effect of the digital divide on household consumption in China	27
Non-performing loans in the euro area: Does bank market power matter?	27
How does China's stock market react to supply chain disruptions from COVID-19?	27
Pandemic-driven financial contagion and investor behavior: Evidence from the COVID-19	27
Impacts of COVID-19 outbreak, macroeconomic and financial stress factors on price spillovers among green bond	27
Corporate immunity, national culture and stock returns: Startups amid the COVID-19 pandemic	27
Research on China's financial systemic risk contagion under jump and heavy-tailed risk	27
Does cyber tech spending matter for bank stability?	27
The impacts of climate policy uncertainty on stock markets: Comparison between China and the US	27
Geopolitical risk and corporate payout policy	26
Household green consumption: Does digital inclusion matter?	26
Financial contagion intensity during the COVID-19 outbreak: A copula approach	26
Information transmission among energy markets, cryptocurrencies, and stablecoins under pandemic conditions	26
Policy uncertainty and peer effects: Evidence from corporate investment in China	26
Network structures and idiosyncratic contagion in the European sovereign credit default swap market	26
Geopolitical, economic uncertainty and bank risk: Do CEO power and board strength matter?	26
Does FinTech development facilitate firms' innovation? Evidence from China	26
Green bonds: Green investments or greenwashing?	26
Does economic policy uncertainty affect cross-border M&As? —— A data analysis based on Chinese multinational enterprises	26
Oil price volatility predictability based on global economic conditions	26
A comprehensive look at stock return predictability by oil prices using economic constraint approaches	26
Voluntary adoption of board risk committees and financial constraints risk	26
A novel two-stage approach for cryptocurrency analysis	26
Evidence of oil market price clustering during the COVID-19 pandemic	26
Effects of investor sentiment and country governance on unexpected conditional volatility during the COVID-19 pandemic: Evidence from global stock markets	25
What role do futures markets play in Bitcoin pricing? Causality, cointegration and price discovery from a time-varying perspective?	25
Retail investor attention and corporate innovation in the big data era	25
Up or down? Short-term reversal, momentum, and liquidity effects in cryptocurrency markets	25
Price discovery and microstructure in ether spot and derivative markets	25
Capital market pressure, real earnings management, and institutional ownership stability - Evidence from Poland	25
Effect of digital inclusive finance on common prosperity and the underlying mechanisms	25
Exploring the relationship between cryptocurrencies and hedge funds during COVID-19 crisis	25
News-based ESG sentiment and stock price crash risk	25
Customer concentration and digital transformation	24
Do co-opted boards strategically choose LGBT-supportive policies?	24
Sentiment and stock market connectedness: Evidence from the U.S. – China trade war	24
U.S. leveraged loan and debt markets: Implications for optimal portfolio and hedging	24
Overcoming spatial stratification of fintech inclusion: Inferences from across Chinese provinces to guide policy makers	24
Investor strategies in the green bond market: The influence of liquidity risks, economic factors and clientele effects	24
The BOJ's ETF purchases and its effects on Nikkei 225 stocks	24
Examining the relationship between policy uncertainty and market uncertainty across the G7	24
The effect of CEO social capital, CEO duality and state-ownership on corporate innovation	24