International Review of Financial Analysis

Article	Citations
Financial technology, population aging, and corporate innovation	357
Climate policy uncertainty and analyst earnings forecasts: Evidence from the Chinese energy sector	319
Dynamic spillovers between leading cryptocurrencies and derivatives tokens: Insights from a quantile VAR approach	258
Betting on mean reversion in the VIX? Evidence from ETP flows	249
Testing rational expectations in a cointegrated VAR with structural change	243
The impact of cryptocurrency-related cyberattacks on return, volatility, and trading volume of cryptocurrencies and traditional financial assets	228
Quantifying the extreme spillovers on worldwide ESG leaders' equity	205
The effects of negative reputational contagion on international airlines: The case of the Boeing 737-MAX disasters	191
Information uncertainty, investor sentiment, and analyst reports	163
Volatility spillover and investment strategies among sustainability-related financial indexes: Evidence from the DCC-GARCH-based dynamic connectedness and DCC-GARCH t-copula approach	157
Climate risk and bank liquidity creation: International evidence	156
Subsidiary financing choices: The roles of institutional distances from home countries	144
U.S. leveraged loan and debt markets: Implications for optimal portfolio and hedging	139
Micro Mechanisms Driving China's Clean Energy Flourish: Business Expansion and Financing	135
Audit quality and seasoned equity offerings methods	129
Forecasting stock-market tail risk and connectedness in advanced economies over a century: The role of gold-to-silver and gold-to-platinum price ratios	129
Herding and market volatility	127
The liquidity and trading activity effects of acquisition payment methods: Evidence from the announcements of private firms' acquisitions	127
The crisis alpha of managed futures: Myth or reality?	125
Do bitcoin shocks truly Cointegrate with financial and commodity markets?	122
The UK equity release market: Views from the regulatory authorities, product providers and advisors	121
Bank market power and supervisory enforcement actions	118
The importance of climate policy uncertainty in forecasting the green, clean and sustainable financial markets volatility	112
Predicting equity premium out-of-sample by conditioning on newspaper-based uncertainty measures: A comparative study	111
Dynamic connectedness and optimal hedging strategy among commodities and financial indices	105

Exploring household financial strain dynamics	104
Where is the distribution tail threshold? A tale on tail and copulas in financial risk measurement	102
Fat tails in private equity fund returns: The smooth double Pareto distribution	101
Information content of sustainability index recomposition: A synthetic portfolio approach	98
Semi-strong efficient market of Bitcoin and Twitter: An analysis of semantic vector spaces of extracted keywords and light gradient boosting machine models	95
Same same but different – Stylized facts of CTA sub strategies	95
Depositor market discipline: New evidence from selling failed banks	95
Analysis about the Black-Scholes asset price under the regime-switching framework	95
Do cryptocurrencies feel the music?	94
The sources of portfolio volatility and mutual fund performance	92
Does mandating narrative disclosure of innovation help unveil the curtain of R&D expenditure? Evidence from regulation change in China	91
Unconscious thoughts as a spur and halt on good financial decisioning making	91
Bank ownership and stock price informativeness. Does politics matter?	90
Banking competition and regional carbon emissions: Intensifying or suppressing? – Estimation based on a bilateral random frontier model	89
Mutual fund cliques, fund flow-performance sensitivity, and stock price crash risk	88
Government GDP targets and corporate capacity expansion – Empirical evidence based on A-share listed companies	87
M&A performance commitments and insider trading: ‘Listen to their words’ or ‘watch their actions’?	87
The London Whale Scandal under new Scrutiny	86
Temperature and trading behaviours	82
Trade debts and bank lending in years of crisis	82
Timing the volatility risk of beta anomaly: Evidence from hedge fund strategies	81
Do we need higher-order comoments to enhance mean-variance portfolios? Evidence from a simplified jump process	80
Pandemic-driven financial contagion and investor behavior: Evidence from the COVID-19	78
Ambiguity and asset pricing: An empirical investigation for an emerging market	75
Editorial Board	74
A dynamic analysis of the neglected firm effect	74
Critical dynamics related to a recent Bitcoin crash	73
Evaluating the performance of futures hedging using factors-driven realized volatility	72
Risk-taking and performance of government bond mutual funds	70
The impact of different goodwill accounting methods on stock prices: A comparison of amortization and impairment-only methodologies	70
Editorial Board	68
Gold and CoVid-19: Uncovering the safe haven hypothesis with dynamic MSR modeling	68
A non-probabilistic approach to efficient portfolios	66
Fund trading divergence and performance contribution	66
Market-wide illiquidity and the distribution of non-parametric stochastic discount factors	64
Bank affiliation and mutual funds’ trading strategy distinctiveness	62
Behavioral asset pricing under expected feedback mode	62
Editorial Board	62
The impacts of futures trading on volatility and volatility asymmetry of Bitcoin returns	62
Editorial Board	60
The effects of economic and financial shocks on private investment: A wavelet study of return and volatility spillovers	60
Does cybersecurity risk stifle corporate innovation activities?	60
Corporate social performance and financial risk: Further empirical evidence using higher frequency data	59
Leading indicators for the US housing market: New empirical evidence and thoughts about implications for risk managers and ESG investors	59
Risk culture in corporate innovation	59
Climate stress testing for mortgage default probability	59
Hunting the quicksilver: Using textual news and causality analysis to predict market volatility	58
Share repurchase and financialization:Evidence from China	58
Risk taking, performance, and resilience to the COVID-19 pandemic: Evidence from public property-casualty insurers	57
Board gender quotas, female directors and corporate tax aggressiveness: A causal approach	57

Innovation under debtor-friendly institutional policy: Strategic patenting perspective of Chinese listed firms	57
Mixed-ownership structure, non-state-blockholder coalition, and tax avoidance	57
VIX and liquidity premium	57
Modifier effects of country-level transparency on global underpricing difference: New hierarchical evidence	56
Is managerial ability a moderator? The effect of credit risk and liquidity risk on the likelihood of bank default	56
Impacts of sovereign risk premium on bank profitability: Evidence from euro area	55
The impact of institutional analyst forecast divergence on crude oil market: Evidence from the mixed frequency models	54
A volatility model based on adaptive expectations: An improvement on the rational expectations model	54
Does the investment horizon of institutional investors matter for stock liquidity?	54
Good volatility, bad volatility, and the cross section of cryptocurrency returns	54
Understanding mispricing in the travel and leisure industry	53
Do capital buffers matter? Evidence from the stocks and flows of nonperforming loans	53
Oil price uncertainty, workplace misconduct, and cash holding	52
Does Fintech facilitate cross-border M&As? Evidence from Chinese A-share listed firms	52
Top managers' environmental experience and corporate environmental violations: Evidence from China	51
Energy finance research: What happens beneath the literature?	51
Mining the emotional information in the audio of earnings conference calls : A deep learning approach for sentiment analysis of securities analysts' follow-up behavior	51
Local environmental organizations and long-term investor value appropriation	50
Foundation-controlled firms and CEO compensation	48
Should Basel-style liquidity requirements be set countercyclically? Evidence from a numerical analysis	47
Real estate depreciation and cash policy for innovative firms	47
Heterogeneous impact of economic and political uncertainty on green bond volatility: Evidence from the MRS-GARCH-MIDAS-Skewed T model	46
Chaos, overfitting and equilibrium: To what extent can machine learning beat the financial market?	46
Management friendship and insider opportunism	45
Multinational corporations and share pledging of the controlling shareholder	45
Abnormal investment and firm performance	45
Administrative monopoly and state-owned enterprise innovation: Evidence from the fair competition review system in China	45
Monetary policy and uncertainty spillovers: Evidence from a wavelet and frequency connectedness analysis	44
Trade credit provision and innovation: A strategic trade-off	44
Corporate strategic aggression and environmental investment decisions: Evidence from A-share listed firms	44
What has inflation targeting done for household consumption?	44
Firm-level climate risk and accounting conservatism: International evidence	44
Editorial Board	43
Asset redeployability and firm value amidst the COVID-19 pandemic: A real options perspective	43
Crime and covenants	43
Can public data availability affect stock price crash risk? Evidence from China	42
High-technology development zones and innovation in knowledge-intensive service firms: Evidence from Chinese A-share listed firms	42
Assessing resilience to systemic risks across interbank credit networks using linkage-leverage analysis: Evidence from Japan	42
The investment behavior of China-connected mutual funds in the pandemic: Information advantage through operational link	42
Robots and analyst forecast precision: Evidence from Chinese manufacturing	42
Understanding co-movements based on heterogeneous information associations	42
Realized normal volatility and maximum outlying jumps in high frequency returns for Korean won–US Dollar	42
Credit stimulus and corporate excess employees	42
The price discovery in the renminbi/USD market: Two spot, two swap, and three forward FX rates	41
Online sales and stock price synchronicity: Evidence from China	41
The higher the better? Hedging and investment strategies in cryptocurrency markets: Insights from higher moment spillovers	41
Exploring the source of the financial performance in Chinese banks: A risk-adjusted decomposition approach	40
Did U.S. and Chinese investors respond differently to the exogenous shocks from COVID-19 and the war in Ukraine?	39
Top investment banks, confirmation Bias, and the market pricing of forecast revisions	39
Volatility prediction for the energy sector with economic determinants: Evidence from a hybrid model	39
Nonlinear impact of climate transition risks on green stock performance: Perspectives from multiscale and lag effects	39
Ecological finance theory: New foundations	39
The impact of COVID-19 on the relative market efficiency and forecasting ability of credit derivative and equity markets	39
Black mouth, investor attention, and stock return	39
Energy price uncertainty and the value premium	39
The supply of analysts and earnings forecasts	39
The impact of shareholder intervention on overinvestment of free cash flow by overconfident CEOs	39
Asymmetric volatility in the cryptocurrency market: New evidence from models with structural breaks	38
Can energy predict the regional prices of carbon emission allowances in China?	38
Detecting signed spillovers in global financial markets: A Markov-switching approach	38
Do Chinese firms speculate during high economic policy uncertainty? Evidence from wealth management products	38
Can salience theory explain investor behaviour? Real-world evidence from the cryptocurrency market	38
The impact of macroeconomic news sentiment on interest rates	38
Internal capital markets, corporate investment, and the COVID-19 pandemic: Evidence from Korean business groups	38
The effects of overnight events on daytime trading sessions	38
A conditional higher-moment CAPM	38
The effects of macroprudential policy on banks' profitability	37
Are female directors more inclined to avoid risks?	37
Corporate social irresponsibility: The relationship between ESG misconduct and the cost of equity	37
Signaling effect of cash holdings adjustment before bond issuance	37
Dynamic volatility spillovers and investment strategies between the Chinese stock market and commodity markets	36
FDI technology spillovers in Chinese supplier-customer networks	36
Green spillover effect of human capital growth—Evidence from the PM enrollment expansion	36
Digital finance and corporate financial fraud	35
Poverty alleviation and firm productivity: Evidence from China's minimum wage system	35
Financial market development: A potentiating policy choice for the green transition in G7 economies	34
Dynamic spillovers between uncertainties and green bond markets in the US, Europe, and China: Evidence from the quantile VAR framework	34
The contagion effect of overconfidence in business group	34
Does ESG performance affect audit pricing? Evidence from China	34
Can digital financial inclusion promote China's economic growth?	34

Heterogeneous impacts of climate change news on China's financial markets	34
Government audit supervision, financialization, and executives' excess perks: Evidence from Chinese state-owned enterprises	34
A bibliometric analysis of cultural finance	34
Retracted: Towards sustainable development: How does ESG performance promotes corporate green transformation	34
Environmental subsidy disruption, skill premiums and ESG performance	34
Institutional environment and qualified foreign institutional investors' trust in auditing	33
Personal bankruptcy and consumer credit delinquency: The case of personal finance education	33
A bibliometric review of financial market integration literature	33
Information connectedness of international crude oil futures: Evidence from SC, WTI, and Brent	33
ESG disclosure and financial performance: Moderating role of ESG investors	32
Can parental financial literacy enhance children's higher education opportunities?	32
YouTube view count, investor attention and stock returns	32
Digitalization, competition strategy and corporate innovation: Evidence from Chinese manufacturing listed companies	31
Systemic risk from overlapping portfolios: A multi-objective optimization framework	31
Internal information quality and financial policy peer effects	31
Towards an era of multi-source uncertainty: A systematic and bibliometric analysis	31
Population aging and regional innovation levels: Based on the mediating effect of research and development inputs	31
Product market competition and the value of corporate cash: An agency theory explanation	31
The impact of ESG profile on Firm's valuation in emerging markets	31
Tax authority monitoring and corporate information disclosure quality in China	30
SME internationalisation: Do the types of innovation matter?	30
What drives financial market growth in Africa?	30
Investor propensity to speculate and price delay in emerging markets	29
When acquirers are short on cash flow in M&A deals	29
Stock market entry timing and retail investors' disposition effect	29
Assessing the safe haven property of the gold market during COVID-19 pandemic	29
Policy uncertainty and peer effects: Evidence from corporate investment in China	29
Left-tail momentum and tail properties of return distributions: A case of Korea	29
Good growth, bad growth: Market reaction to capital raising for REIT expansion	29
How female directors help firms to attain optimal cash holdings	28
Uncertainty and cryptocurrency returns: A lesson from turbulent times	28
When the Japanese stock market meets COVID-19: Impact of ownership, China and US exposure, and ESG channels	28
NFTs, DeFi, and other assets efficiency and volatility dynamics: An asymmetric multifractality analysis	28
Top management abnormal turnover and stock price crash risk: Evidence from China	28
Information interaction among institutional investors and stock price crash risk based on multiplex networks	28
Female insiders' ethics and trading profitability	28
A comprehensive investigation on the predictive power of economic policy uncertainty from non-U.S. countries for U.S. stock market returns	28
The Bitcoin volume-volatility relationship: A high frequency analysis of futures and spot exchanges	28
The dilemma of hometown identity: Evidence from Chinese corporate cost behavior	28
CEO overconfidence: Towards a new measure	27
Rating manipulation and creditworthiness for platform economy: Evidence from peer-to-peer lending	27
Why do small businesses have difficulty in accessing bank financing?	27
Co-jumps in the U.S. interest rates and precious metals markets and their implications for investors	27
Openness, financial structure, and bank risk: International evidence	27
Does the mandatory disclosure of audit information affect analysts' information acquisition?	27
Does geopolitical risk affect firms' idiosyncratic volatility? Evidence from China	27
Political connections, environmental violations and punishment: Evidence from heavily polluting firms	26
Investor attention in cryptocurrency markets	26
Can digital innovation improve firm performance: Evidence from digital patents of Chinese listed firms	26
Which is more important in stock market forecasting: Attention or sentiment?	26
Investing in wine, precious metals and G-7 stock markets – A co-occurrence analysis for price bubbles	26
Existence of multiple equilibria in a short-term market with persistent liquidity trading	26
Customer concentration and digital transformation	26
Does Bitcoin affect decomposed oil shocks differently? Evidence from a quantile-based framework	26
Examining the volatility of soybean market in the MIDAS framework: The importance of bagging-based weather information	26
Cash flow uncertainty, financial constraints and R&D investment	26
Unintended consequences: How does digital inclusive finance affect migrants' urban settlement intentions?	26
Economic policy uncertainty and cross-border mergers and acquisitions	25
Systemic risk of commodity markets: A dynamic factor copula approach	25
Institutional investor networks and firm innovation: Evidence from China	25
Research on stock volatility risk and investor sentiment contagion from the perspective of multi-layer dynamic network	25
Does the connectedness among fossil energy returns matter for renewable energy stock returns? Fresh insights from the Cross-Quantilogram analysis	25
Corporate social responsibility and the choice of payment method in mergers and acquisitions	24
Capital generates green: Evidence from China's national innovation system policy	24
Carbon-intensive industries in Socially Responsible mutual funds' portfolios	24
Measuring the G20 stock market return transmission mechanism: Evidence from the	24
Banking competition, credit financing and the efficiency of corporate technology innovation	24
Predicting stock returns: A risk measurement perspective	24
Chinese corporate distress prediction using LASSO: The role of earnings management	24
Revisiting the economic policy uncertainty and resource rents nexus: Moderating impact of financial sector development in BRICS	24
Supply chain financing, digital financial inclusion and enterprise innovation: Evidence from China	24
Returns and volatilities of energy futures markets: Roles of speculative and hedging sentiments	24
The path of green finance to promote the realization of low-carbon economic transformation under the carbon peaking and carbon neutrality goals: Theoretical model and empirical analysis	24
Competitive imitation and corporate innovation in private enterprises	23
Can digital economy mitigate vertical fiscal imbalances in Chinese local government? The role of fiscal transparency	23
How Fintech mitigates credit mismatches to promote green innovation: Evidence from Chinese listed enterprises	23
Does corporate culture impact tax shelter? A machine learning approach	23
Equilibrium reinsurance strategies for catastrophe and secondary claims under α	23
FX resilience around the world: Fighting volatile cross-border capital flows	23
Investor attention and anomalies: Evidence from the Chinese stock market	23
The power of religion: Islamic investing in the lab	22
Transforming banking: Examining the role of AI technology innovation in boosting banks financial performance	22
Corporate culture and investment inefficiency	22
Social security, relative deprivation, digital capacity, and household financial investment behavior	22
Editorial Board	22
Do error-tolerance and correction mechanisms enhance the performance of state-owned enterprises in China?	22
Textual analysis of corporate sustainability reporting and corporate ESG scores	22
Executive power discrepancy and corporate ESG greenwashing	22
Green finance policy and green economic transformation	22
Is Bitcoin a hedge or safe-haven asset during the period of turmoil? Evidence from the currency, bond and stock markets	22
Financial flexibility, firm performance, and financial distress: A comparative study of China and the U.S. during pandemics	22
Climate transition risk, environmental news coverage, and stock price crash risk	22
The backfire of mutual funds balancing financial objectives in ESG investments: Evidence from China	22
Retail investor attention and corporate innovation in the big data era	21
Strategic tone management in ESG reports and ESG risk	21