International Review of Financial Analysis

Article	Citations
Return connectedness across asset classes around the COVID-19 outbreak	387
ESG disclosure and financial performance: Moderating role of ESG investors	333
Digitalization, competition strategy and corporate innovation: Evidence from Chinese manufacturing listed companies	305
Crude oil market and stock markets during the COVID-19 pandemic: Evidence from the US, Japan, and Germany	245
Can digital financial inclusion promote China's economic growth?	236
The impact of the FinTech revolution on the future of banking: Opportunities and risks	227
Do ESG ratings promote corporate green innovation? A quasi-natural experiment based on SynTao Green Finance's ESG ratings	194
Green credit policy and corporate access to bank loans in China: The role of environmental disclosure and green innovation	192
Corporate ESG performance and manager misconduct: Evidence from China	179
Green credit regulation, induced R&D and green productivity: Revisiting the Porter Hypothesis	156
Diversifying equity with cryptocurrencies during COVID-19	153
Dynamic volatility spillovers across oil and natural gas futures markets based on a time-varying spillover method	152
Firms' digitalization and stock price crash 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	133
Climate change, risk factors and stock returns: A review of the literature	130
Asymmetric nexus between COVID-19 outbreak in the world and cryptocurrency market	127
Risk transmissions between bitcoin and traditional financial assets during the COVID-19 era: The role of global uncertainties	125
International variations in ESG disclosure – Do cross-listed companies care more?	125
Asymmetric volatility spillover among Chinese sectors during COVID-19	122
Dynamic spillovers between energy and stock markets and their implications in the context of COVID-19	121
Gold or Bitcoin, which is the safe haven during the COVID-19 pandemic?	121
Why do institutional investors buy green bonds: Evidence from a survey of European asset managers	119
ESG performance and corporate risk-taking: Evidence from China	113
Asymmetric causality of economic policy uncertainty and oil volatility index on time-varying nexus of the clean energy, carbon and green bond	111

Tail risk contagion between international financial markets during COVID-19 pandemic	109
The impact of the Russian-Ukrainian war on global financial markets	108
Carbon disclosure, carbon performance and financial performance: International evidence	105
A tale of two tails among carbon prices, green and non-green cryptocurrencies	102
When the Japanese stock market meets COVID-19: Impact of ownership, China and US exposure, and ESG channels	101
Volatility spillovers across NFTs news attention and financial markets	100
Media coverage and corporate ESG performance: Evidence from China	98
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
Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe	95
The impact of COVID-19 pandemic on transmission of monetary policy to financial markets	94
Assessing the safe haven property of the gold market during COVID-19 pandemic	92
Cash flow uncertainty, financial constraints and R&D investment	91
Economic policy uncertainty and corporate financialization: Evidence from China	89
Nonlinear effects of climate policy uncertainty and financial speculation on the global prices of oil and gas	88
Financial market development: A potentiating policy choice for the green transition in G7 economies	88
Immunizing markets against the pandemic: COVID-19 vaccinations and stock volatility around the world	87
Covid-19 pandemic and spillover effects in stock markets: A financial network approach	87
The impact of Covid-19 on G7 stock markets volatility: Evidence from a ST-HAR model	86
Trump vs. Paris: The impact of climate policy on U.S. listed oil and gas firm returns and volatility	86
ESG Controversies, ESG Disclosure and Analyst Forecast Accuracy	83
Corporate social responsibility and investment efficiency: Does business strategy matter?	83
From COVID-19 herd immunity to investor herding in international stock markets: The role of government and regulatory restrictions	82
Linkages between DeFi assets and conventional currencies: Evidence from the COVID-19 pandemic	81
Investor attention in cryptocurrency markets	80
Environmental regulation and firm product quality improvement: How does the greenwashing response?	79
Environmental regulation, green innovation, and export product quality: What is the role of greenwashing?	75
Should investors include green bonds in their portfolios? Evidence for the USA and Europe	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
Retracted: Towards sustainable development: How does ESG performance promotes corporate green transformation	72
Corporate governance quality and financial leverage: Evidence from China	72
Dynamic spillovers across oil, gold and stock markets in the presence of major public health emergencies	72
Green finance and investment behavior of renewable energy enterprises: A case study of China	70
Small fish in big ponds: Connections of green finance assets to commodity and sectoral stock markets	70
Geopolitical risk, climate risk and energy markets: A dynamic spillover analysis	68
Spillovers and connectedness between major precious metals and major currency markets: The role of frequency factor	62
Environmental regulations and firms' green innovations: Transforming pressure into incentives	62
The illusion of the metaverse and meta-economy	62
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
Controlling shareholder share pledging and stock price crash risk: Evidence from China	60
Which cryptocurrency data sources should scholars use?	60
What drive carbon price dynamics in China?	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
Fiscal incentives, financial support for agriculture, and urban-rural inequality	58
The impact and role of COVID-19 uncertainty: A global industry analysis	58
Investor sentiment and stock volatility: New evidence	57
CSR, financial and non-financial performance in the tourism sector: A systematic literature review and future research agenda	57
The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets?	57

A bibliometric review of financial market integration literature	57
Enterprise digital transformation, breadth of ownership and stock price volatility	57
Economic policy uncertainty and firm investment decisions: Dilemma or opportunity?	56
Cyber-attacks and stock market activity	56
How does fintech influence carbon emissions: Evidence from China's prefecture-level cities	56
Quantile connectedness between energy, metal, and carbon markets	56
R&D and environmentally induced innovation: Does financial constraint play a facilitating role?	55
Asymmetric interdependencies between large capital cryptocurrency and Gold returns during the COVID-19 pandemic crisis	54
Board gender diversity, power, and bank risk taking	53
Information connectedness of international crude oil futures: Evidence from SC, WTI, and Brent	53
Can fintech innovation promote household consumption? Evidence from China family panel studies	52
Household green consumption: Does digital inclusion matter?	52
Global equity market volatilities forecasting: A comparison of leverage effects, jumps, and overnight information	52
Climate policy uncertainty and risks taken by the bank: Evidence from China	52
How world uncertainties and global pandemics destabilized food, energy and stock markets? Fresh evidence from quantile on quantile regressions	51
Does economic policy uncertainty drive nonlinear risk spillover in the commodity futures market?	51
How does digital inclusive finance affect economic resilience: Evidence from 285 cities in China	51
The role of the carbon market in relation to the cryptocurrency market: Only diversification or more?	50
Economic resiliency and recovery, lessons from the financial crisis for the COVID-19 pandemic: A regional perspective from Central and Eastern Europe	49
Tail risk measurement in crypto-asset markets	48
Quantile connectedness between sentiment and financial markets: Evidence from the S&P 500 twitter sentiment index	48
Digital finance and corporate financial fraud	48
The influence of qualified foreign institutional investors on internal control quality: Evidence from China	48
The ESG effect on the cost of debt financing: A sharp RD analysis	47
Asymmetric volatility spillover between oil-importing and oil-exporting countries' economic policy uncertainty and China's energy sector	47
Ecological compensation in air pollution governance: China's efforts, challenges, and potential solutions	46
Media sentiment and short stocks performance during a systemic crisis	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
Retail investor attention and firms' idiosyncratic risk: Evidence from China	44
News-based sentiment and bitcoin volatility	44
Is Bitcoin a better portfolio diversifier than gold? A copula and sectoral analysis for China	44
The effect of market competition on corporate cash holdings: An analysis of corporate innovation and financial constraint	44
Multilayer financial networks and systemic importance: Evidence from China	43
Environmental subsidy disruption, skill premiums and ESG performance	43
Can both Bitcoin and gold serve as safe-haven assets? — A comparative analysis based on the NARDL model	43
Research on optimization of an enterprise financial risk early warning method based on the DS-RF model	43
Dynamic spillovers between uncertainties and green bond markets in the US, Europe, and China: Evidence from the quantile VAR framework	43
COVID-19 and finance scholarship: A systematic and bibliometric analysis	42
Cash-rich firms and carbon emissions	42
Can ESG ratings mitigate managerial myopia? Evidence from Chinese listed companies	42
Multi-dimensional corporate social responsibilities and stock price crash risk: Evidence from China	42
When bitcoin lost its position: Cryptocurrency uncertainty and the dynamic spillover among cryptocurrencies before and during the COVID-19 pandemic	42
How cryptocurrency affects economy? A network analysis using bibliometric methods	42
A systematic literature review on risk disclosure research: State-of-the-art and future research agenda	42
Dynamic efficiency and arbitrage potential in Bitcoin: A long-memory approach	42
Business Tax reform and CSR engagement: Evidence from China	41
Interconnected multilayer networks: Quantifying connectedness among global stock and foreign exchange markets	41
Research on the impact of OFDI on the home country's global value chain upgrading	40
Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios	40
Effect of digital inclusive finance on common prosperity and the underlying mechanisms	39
Board gender diversity and dividend payout: The critical mass and the family ties effect	39
Climate risk and bank liquidity creation: International evidence	39
Exchange rate return predictability in times of geopolitical risk	39
A network perspective of comovement and structural change: Evidence from the Chinese stock market	39
Information uncertainty, investor sentiment, and analyst reports	39
The effect of earnings management on firm performance: The moderating role of corporate governance quality	39
Fintech inputs, non-performing loans risk reduction and bank performance improvement	39
Can digital innovation improve firm performance: Evidence from digital patents of Chinese listed firms	39
Forecasting crude oil volatility with geopolitical risk: Do time-varying switching probabilities play a role?	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
Shareholder litigation rights and ESG controversies: A quasi-natural experiment	38
Key audit matters and stock price synchronicity: Evidence from a quasi-natural experiment in China	38
Extreme quantile spillovers and drivers among clean energy, electricity and energy metals markets	38
Time and frequency connectedness of green equity indices: Uncovering a socially important link to Bitcoin	38
Re-examination of international bond market dependence: Evidence from a pair copula approach	37
“Shiny” crypto assets: A systemic look at gold-backed cryptocurrencies during the COVID-19 pandemic	37
Extreme spillover effect of COVID-19 pandemic-related news and cryptocurrencies on green bond markets: A quantile connectedness analysis	37
Stock market reaction to COVID-19: Evidence from U.S. Firms’ International exposure	37
Corporate digital transformation and labor structure upgrading	37
Effects of climate policy uncertainty on green innovation in Chinese enterprises	36
The effect of digital infrastructure development on enterprise green transformation	36
The impact of abnormal real earnings management to meet earnings benchmarks on future operating performance	36
A bibliometric analysis of cultural finance	36
Green bond vs conventional bond: Outline the rationale behind issuance choices in China	36
Corporate cash holdings, agency problems, and economic policy uncertainty	35
Economic policy uncertainty and the cost of capital	35
On the asymmetric relationship between stock market development, energy efficiency and environmental quality: A nonlinear analysis	34
High-technology development zones and innovation in knowledge-intensive service firms: Evidence from Chinese A-share listed firms	34
The impacts of investors' sentiments on stock returns using fintech approaches	34
Exploring the carbon emission reduction effects of corporate climate risk disclosure: Empirical evidence based on Chinese A-share listed enterprises	34

Do green bonds and economic policy uncertainty matter for carbon price? New insights from a TVP-VAR framework	34
Do site visits mitigate corporate fraudulence? Evidence from China	34
Does carbon emission of firms matter for Bank loans decision? Evidence from China	34
Predicting stock returns: A risk measurement perspective	34
Measuring bank risk: Forward-looking z-score	34
Investor climate sentiment and financial markets	33
Liquidity in the cryptocurrency market and commonalities across anomalies	33
Does FinTech development facilitate firms' innovation? Evidence from China	33
Macroeconomic attention, economic policy uncertainty, and stock volatility predictability	33
Investor attention shocks and stock co-movement: Substitution or reinforcement?	33
Climate transition risk in U.S. loan portfolios: Are all banks the same?	33
Fintech, macroprudential policies and bank risk: Evidence from China	32
Digital finance development and bank liquidity creation	32
Board gender diversity, quotas, and ESG disclosure: Global evidence	32
The impacts of climate policy uncertainty on stock markets: Comparison between China and the US	32
NFTs, DeFi, and other assets efficiency and volatility dynamics: An asymmetric multifractality analysis	32
Tail connectedness between lending/borrowing tokens and commercial bank stocks	31
Sustainable development: The impact of political risk, macroeconomic policy uncertainty and ethnic conflict	31
Retail investor attention and corporate innovation in the big data era	31
Explain systemic risk of commodity futures market by dynamic network	31
VCRIX — A volatility index for crypto-currencies	31
Climate transition risk, profitability and stock prices	31
International review of financial analysis: A retrospective evaluation between 1992 and 2020	31
News-based ESG sentiment and stock price crash risk	31
Corporate immunity, national culture and stock returns: Startups amid the COVID-19 pandemic	30
ESG scores and target price accuracy: Evidence from sell-side recommendations in BRICS	30
Connectedness structures of sovereign bond markets in Central and Eastern Europe	30
Geopolitical risk and stock price crash risk: The mitigating role of ESG performance	29
Customer concentration and digital transformation	29
Systemic risk in the Chinese financial system: A panel Granger causality analysis	29
Constructing a positive sentiment index for COVID-19: Evidence from G20 stock markets	29
Ethical and unethical investments under extreme market conditions	29
Subjective perception of economic policy uncertainty and corporate social responsibility: Evidence from China	29
Quantifying the extreme spillovers on worldwide ESG leaders' equity	28
Multivariate long memory structure in the cryptocurrency market: The impact of COVID-19	28
Geopolitical, economic uncertainty and bank risk: Do CEO power and board strength matter?	28
Information transmission among energy markets, cryptocurrencies, and stablecoins under pandemic conditions	28
The stages of enterprise digital transformation and its impact on internal control: Evidence from China	28
Effects of investor sentiment and country governance on unexpected conditional volatility during the COVID-19 pandemic: Evidence from global stock markets	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
Oil price volatility predictability based on global economic conditions	28
Geopolitical risk and the returns and volatility of global defense companies: A new race to arms?	28
Voluntary adoption of board risk committees and financial constraints risk	27
The effect of the digital divide on household consumption in China	27
Impacts of COVID-19 outbreak, macroeconomic and financial stress factors on price spillovers among green bond	27
Pandemic-driven financial contagion and investor behavior: Evidence from the COVID-19	27
Geopolitical risk and corporate payout policy	27
How does China's stock market react to supply chain disruptions from COVID-19?	27
MAX momentum in cryptocurrency markets	26
Financial contagion intensity during the COVID-19 outbreak: A copula approach	26
Will temperature change reduce stock returns? Evidence from China	26
Does economic policy uncertainty affect cross-border M&As? —— A data analysis based on Chinese multinational enterprises	26
The Covid-19 outbreak, corporate financial distress and earnings management	26
Green bonds: Green investments or greenwashing?	26
Evidence of oil market price clustering during the COVID-19 pandemic	26
Oil futures volatility predictability: New evidence based on machine learning models	26
A comprehensive look at stock return predictability by oil prices using economic constraint approaches	26
China-european railway, investment heterogeneity, and the quality of urban economic growth	26
Up or down? Short-term reversal, momentum, and liquidity effects in cryptocurrency markets	26
Policy uncertainty and peer effects: Evidence from corporate investment in China	26
Does social media coverage deter firms from withholding bad news? Evidence from stock price crash risk	25
Sentiment and stock market connectedness: Evidence from the U.S. – China trade war	25
Exploring the relationship between cryptocurrencies and hedge funds during COVID-19 crisis	25
Chinese corporate distress prediction using LASSO: The role of earnings management	25
Do co-opted boards strategically choose LGBT-supportive policies?	25
Does the marginal child increase household debt? – Evidence from the new fertility policy in China	25
Mutual supervision or conspiracy? The incentive effect of multiple large shareholders on audit quality requirements	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
U.S. leveraged loan and debt markets: Implications for optimal portfolio and hedging	24
Can the Chinese volatility index reflect investor sentiment?	24
The effect of CEO social capital, CEO duality and state-ownership on corporate innovation	24
The BOJ's ETF purchases and its effects on Nikkei 225 stocks	24
Green finance policy, ESG rating, and cost of debt——Evidence from China	24
Detecting stock market manipulation via machine learning: Evidence from China Securities Regulatory Commission punishment cases	24
Applying machine learning algorithms to predict default probability in the online credit market: Evidence from China	24
Prediction and interpretation of daily NFT and DeFi prices dynamics: Inspection through ensemble machine learning & XAI	24
Does broadband infrastructure affect corporate mergers and acquisitions? Quasi-natural experimental evidence from China	23
Price informativeness and state-owned enterprises: Considering their heterogeneity	23
The efficiency of Bitcoin: A strongly typed genetic programming approach to smart electronic Bitcoin markets	23
Static and dynamic liquidity spillovers in the Eurozone: The role of financial contagion and the Covid-19 pandemic	23
Corporate social irresponsibility: The relationship between ESG misconduct and the cost of equity	23
The impact of the COVID-19 pandemic and Russia-Ukraine war on multiscale spillovers in green finance markets: Evidence from lower and higher order moments	23
Analysis of risk correlations among stock markets during the COVID-19 pandemic	23
Oil price uncertainty and corporate cash holdings: Global evidence	22
When does attention matter? The effect of investor attention on stock market volatility around news releases	22
Revisiting the economic policy uncertainty and resource rents nexus: Moderating impact of financial sector development in BRICS	22
On the intraday return curves of Bitcoin: Predictability and trading opportunities	22
The effect of domestic to foreign ownership change on firm performance in Europe	22
Does investor sentiment predict bitcoin return and volatility? A quantile regression approach	22
Modeling the global sovereign credit network under climate change	22
Place-based policy upgrading, business environment, and urban innovation: Evidence from high-tech zones in China	22
Multinationality and capital structure dynamics: A corporate governance explanation	22
Supply chain financing, digital financial inclusion and enterprise innovation: Evidence from China	21