International Review of Financial Analysis

Article	Citations
COVID-19 pandemic, oil prices, stock market, geopolitical risk and policy uncertainty nexus in the US economy: Fresh evidence from the wavelet-based approach	890
Searching for safe-haven assets during the COVID-19 pandemic	388
Return connectedness across asset classes around the COVID-19 outbreak	318
Crude oil market and stock markets during the COVID-19 pandemic: Evidence from the US, Japan, and Germany	207
Predicting stock returns in the presence of COVID-19 pandemic: The role of health news	192
Digitalization, competition strategy and corporate innovation: Evidence from Chinese manufacturing listed companies	184
ESG disclosure and financial performance: Moderating role of ESG investors	169
Women on corporate boards and corporate financial and non-financial performance: A systematic literature review and future research agenda	153
Can digital financial inclusion promote China's economic growth?	149
The impact of the FinTech revolution on the future of banking: Opportunities and risks	141
Diversifying equity with cryptocurrencies during COVID-19	136
Green credit policy and corporate access to bank loans in China: The role of environmental disclosure and green innovation	133
Dynamic volatility spillovers across oil and natural gas futures markets based on a time-varying spillover method	126
Asymmetric nexus between COVID-19 outbreak in the world and cryptocurrency market	120
Directional spillover effects and time-frequency nexus between oil, gold and stock markets: Evidence from pre and during COVID-19 outbreak	119
Green credit regulation, induced R&D and green productivity: Revisiting the Porter Hypothesis	114
The hedging effect of green bonds on carbon market risk	113
Investor attention and global market returns during the COVID-19 crisis	111
Dynamic spillovers between energy and stock markets and their implications in the context of COVID-19	104
Corporate ESG performance and manager misconduct: Evidence from China	101
Gold or Bitcoin, which is the safe haven during the COVID-19 pandemic?	98
Asymmetric volatility spillover among Chinese sectors during COVID-19	97
Tail risk contagion between international financial markets during COVID-19 pandemic	96
Risk transmissions between bitcoin and traditional financial assets during the COVID-19 era: The role of global uncertainties	92
Risk spillovers between FinTech and traditional financial institutions: Evidence from the U.S.	89

Extreme spillovers across Asian-Pacific currencies: A quantile-based analysis	88
Which sentiment index is more informative to forecast stock market volatility? Evidence from China	86
International variations in ESG disclosure – Do cross-listed companies care more?	86
When the Japanese stock market meets COVID-19: Impact of ownership, China and US exposure, and ESG channels	83
Which popular predictor is more useful to forecast international stock markets during the coronavirus pandemic: VIX vs EPU?	82
Asymmetric causality of economic policy uncertainty and oil volatility index on time-varying nexus of the clean energy, carbon and green bond	82
The impact of COVID-19 pandemic on transmission of monetary policy to financial markets	80
Immunizing markets against the pandemic: COVID-19 vaccinations and stock volatility around the world	79
Assessing the safe haven property of the gold market during COVID-19 pandemic	78
Why do institutional investors buy green bonds: Evidence from a survey of European asset managers	78
A tale of two tails among carbon prices, green and non-green cryptocurrencies	77
Dynamic volatility spillovers and investment strategies between the Chinese stock market and commodity markets	76
Tail dependence between Bitcoin and financial assets: Evidence from a quantile cross-spectral approach	76
Climate change, risk factors and stock returns: A review of the literature	76
Impact of internet finance on the performance of commercial banks in China	74
News sentiment in the cryptocurrency market: An empirical comparison with Forex	73
The impact of Covid-19 on G7 stock markets volatility: Evidence from a ST-HAR model	73
Cooperative financial institutions: A review of the literature	72
From COVID-19 herd immunity to investor herding in international stock markets: The role of government and regulatory restrictions	71
Machine learning as an early warning system to predict financial crisis	70
Financial market development: A potentiating policy choice for the green transition in G7 economies	70
Firms' digitalization and stock price crash risk	69
Carbon disclosure, carbon performance and financial performance: International evidence	68
Linkages between DeFi assets and conventional currencies: Evidence from the COVID-19 pandemic	67
Covid-19 pandemic and spillover effects in stock markets: A financial network approach	65
Volatility spillovers across NFTs news attention and financial markets	65
Cash flow uncertainty, financial constraints and R&D investment	64
Trump vs. Paris: The impact of climate policy on U.S. listed oil and gas firm returns and volatility	60
Spillovers and connectedness between major precious metals and major currency markets: The role of frequency factor	58
Small fish in big ponds: Connections of green finance assets to commodity and sectoral stock markets	58
The influence of the COVID-19 pandemic on asset-price discovery: Testing the case of Chinese informational asymmetry	58
Dynamic spillovers across oil, gold and stock markets in the presence of major public health emergencies	58
Investor attention in cryptocurrency markets	56
The impact of the Russian-Ukrainian war on global financial markets	56
Corporate social responsibility and investment efficiency: Does business strategy matter?	55
Dynamic volatility spillover effects between oil and agricultural products	53
Product market competition in accounting, finance, and corporate governance: A review of the literature	53
Time-frequency co-movement of cryptocurrency return and volatility: Evidence from wavelet coherence analysis	53
Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe	53
The impact and role of COVID-19 uncertainty: A global industry analysis	52
The impact of geopolitical uncertainty on energy volatility	52
Time-frequency spillovers among carbon, fossil energy and clean energy markets: The effects of attention to climate change	50
Spatial linkage of volatility spillovers and its explanation across G20 stock markets: A network framework	50
Decentralized exchanges: The “wild west” of cryptocurrency trading	50
What drive carbon price dynamics in China?	50
Environmental regulation and firm product quality improvement: How does the greenwashing response?	49
Do ESG ratings promote corporate green innovation? A quasi-natural experiment based on SynTao Green Finance's ESG ratings	49
Asymmetric interdependencies between large capital cryptocurrency and Gold returns during the COVID-19 pandemic crisis	49
Economic fundamentals or investor perceptions? The role of uncertainty in predicting long-term cryptocurrency volatility	49
ESG performance and corporate risk-taking: Evidence from China	48

Nonlinear effects of climate policy uncertainty and financial speculation on the global prices of oil and gas	48
Environmental regulation, green innovation, and export product quality: What is the role of greenwashing?	48
Economic policy uncertainty and corporate financialization: Evidence from China	48
Global equity market volatilities forecasting: A comparison of leverage effects, jumps, and overnight information	47
Corporate governance quality and financial leverage: Evidence from China	47
Corporate social responsibility, corporate financial performance and the confounding effects of economic fluctuations: A meta-analysis	47
The role of the carbon market in relation to the cryptocurrency market: Only diversification or more?	46
Does oil price have similar effects on the exchange rates of BRICS?	45
Investor sentiment and stock volatility: New evidence	44
Identifying the comovement of price between China's and international crude oil futures: A time-frequency perspective	43
The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets?	43
Which cryptocurrency data sources should scholars use?	43
How world uncertainties and global pandemics destabilized food, energy and stock markets? Fresh evidence from quantile on quantile regressions	41
ESG Controversies, ESG Disclosure and Analyst Forecast Accuracy	41
A bibliometric review of financial market integration literature	41
Inflation targeting & implications of oil shocks for inflation expectations in oil-importing and exporting economies: Evidence from three Nordic Kingdoms	41
The illusion of the metaverse and meta-economy	40
Foreign institutional ownership and corporate cash holdings: Evidence from emerging economies	40
Cyber-attacks and stock market activity	39
Is Bitcoin a better portfolio diversifier than gold? A copula and sectoral analysis for China	39
Herd behaviour & investor sentiment: Evidence from UK mutual funds	39
Media sentiment and short stocks performance during a systemic crisis	39
Ecological compensation in air pollution governance: China's efforts, challenges, and potential solutions	39
Measuring quantile dependence and testing directional predictability between Bitcoin, altcoins and traditional financial assets	39
Can both Bitcoin and gold serve as safe-haven assets? — A comparative analysis based on the NARDL model	39
Board gender diversity, power, and bank risk taking	39
Asymmetric volatility spillover between oil-importing and oil-exporting countries' economic policy uncertainty and China's energy sector	38
Dynamic efficiency and arbitrage potential in Bitcoin: A long-memory approach	38
Controlling shareholder share pledging and stock price crash risk: Evidence from China	38
Bank competition, concentration and EU SME cost of debt	38
Economic resiliency and recovery, lessons from the financial crisis for the COVID-19 pandemic: A regional perspective from Central and Eastern Europe	37
Do state subsidies increase corporate environmental spending?	37
Quantile connectedness between sentiment and financial markets: Evidence from the S&P 500 twitter sentiment index	37
Tail risk measurement in crypto-asset markets	37
R&D and environmentally induced innovation: Does financial constraint play a facilitating role?	36
Green finance and investment behavior of renewable energy enterprises: A case study of China	36
Does Bitcoin still own the dominant power? An intraday analysis	36
Volatility spillover and investment strategies among sustainability-related financial indexes: Evidence from the DCC-GARCH-based dynamic connectedness and DCC-GARCH t-copula approach	36
Fiscal incentives, financial support for agriculture, and urban-rural inequality	36
Financing the green projects: Market efficiency and volatility persistence of green versus conventional bonds, and the comparative effects of health and financial crises	35
Board of directors’ attributes and corporate outcomes: A systematic literature review and future research agenda	35
Retail investor attention and firms' idiosyncratic risk: Evidence from China	35
The dilemma of government intervention in a firm's financing: Evidence from China	35
Quantile connectedness between energy, metal, and carbon markets	35
Re-examination of international bond market dependence: Evidence from a pair copula approach	34
Can fintech innovation promote household consumption? Evidence from China family panel studies	34
Exchange rate return predictability in times of geopolitical risk	33
A network perspective of comovement and structural change: Evidence from the Chinese stock market	33
Bearing an imprint: CEOs' early-life experience of the Great Chinese Famine and stock price crash risk	33
Beyond narrative disclosure tone: The upper echelons theory perspective	33
When bitcoin lost its position: Cryptocurrency uncertainty and the dynamic spillover among cryptocurrencies before and during the COVID-19 pandemic	33
Should investors include green bonds in their portfolios? Evidence for the USA and Europe	32
Asymmetric mean reversion of Bitcoin price returns	32
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	32
How cryptocurrency affects economy? A network analysis using bibliometric methods	32
Predicting stock returns: A risk measurement perspective	32
Key audit matters and stock price synchronicity: Evidence from a quasi-natural experiment in China	32
“Shiny” crypto assets: A systemic look at gold-backed cryptocurrencies during the COVID-19 pandemic	32
Geopolitical risk, climate risk and energy markets: A dynamic spillover analysis	31
Institutional characteristics and the development of crowdfunding across countries	31
Enterprise digital transformation, breadth of ownership and stock price volatility	31
Stock market reaction to COVID-19: Evidence from U.S. Firms’ International exposure	31
Information uncertainty, investor sentiment, and analyst reports	31
A systematic literature review on risk disclosure research: State-of-the-art and future research agenda	30
More heat than light: Investor attention and bitcoin price discovery	30
Multi-dimensional corporate social responsibilities and stock price crash risk: Evidence from China	30
Dynamic spillovers between uncertainties and green bond markets in the US, Europe, and China: Evidence from the quantile VAR framework	30
Investor attention shocks and stock co-movement: Substitution or reinforcement?	30
News-based sentiment and bitcoin volatility	29
Multilayer financial networks and systemic importance: Evidence from China	29
How does fintech influence carbon emissions: Evidence from China's prefecture-level cities	29
Board gender diversity and dividend payout: The critical mass and the family ties effect	29
Forecasting crude oil volatility with geopolitical risk: Do time-varying switching probabilities play a role?	28
Economic policy uncertainty and firm investment decisions: Dilemma or opportunity?	28
The effect of market competition on corporate cash holdings: An analysis of corporate innovation and financial constraint	28
Connectedness structures of sovereign bond markets in Central and Eastern Europe	28
Do the crude oil futures of the Shanghai International Energy Exchange improve asset allocation of Chinese petrochemical-related stocks?	28
Monetary policy and commodity markets: Unconventional versus conventional impact and the role of economic uncertainty	27
Climate risk and bank liquidity creation: International evidence	27
The impacts of investors' sentiments on stock returns using fintech approaches	27

Research on the impact of OFDI on the home country's global value chain upgrading	27
Information connectedness of international crude oil futures: Evidence from SC, WTI, and Brent	27
Extreme spillover effect of COVID-19 pandemic-related news and cryptocurrencies on green bond markets: A quantile connectedness analysis	27
The financial market effects of international aviation disasters	27
A comprehensive look at stock return predictability by oil prices using economic constraint approaches	26
Green bond vs conventional bond: Outline the rationale behind issuance choices in China	26
The ESG effect on the cost of debt financing: A sharp RD analysis	26
Do site visits mitigate corporate fraudulence? Evidence from China	26
International review of financial analysis: A retrospective evaluation between 1992 and 2020	26
Oil price shocks, investor sentiment, and asset pricing anomalies in the oil and gas industry	26
Does economic policy uncertainty drive nonlinear risk spillover in the commodity futures market?	26
Fetching better deals from creditors: Board busyness, agency relationships and the bank cost of debt	25
Shareholder litigation rights and ESG controversies: A quasi-natural experiment	25
CSR, financial and non-financial performance in the tourism sector: A systematic literature review and future research agenda	25
Climate policy uncertainty and risks taken by the bank: Evidence from China	25
Research on China's financial systemic risk contagion under jump and heavy-tailed risk	25
The influence of qualified foreign institutional investors on internal control quality: Evidence from China	24
Pandemic-driven financial contagion and investor behavior: Evidence from the COVID-19	24
Multivariate long memory structure in the cryptocurrency market: The impact of COVID-19	24
The impact of abnormal real earnings management to meet earnings benchmarks on future operating performance	24
Tail connectedness between lending/borrowing tokens and commercial bank stocks	24
Business Tax reform and CSR engagement: Evidence from China	24
Research on optimization of an enterprise financial risk early warning method based on the DS-RF model	24
Time and frequency connectedness of green equity indices: Uncovering a socially important link to Bitcoin	24
What role do futures markets play in Bitcoin pricing? Causality, cointegration and price discovery from a time-varying perspective?	24
The monitoring role of venture capital on controllers' tunneling: Evidence from China	24
Cash-rich firms and carbon emissions	24
The run-up to the global financial crisis: A longer historical view of financial liberalization, capital inflows, and asset bubbles	24
On the asymmetric relationship between stock market development, energy efficiency and environmental quality: A nonlinear analysis	24
Environmental regulations and firms' green innovations: Transforming pressure into incentives	23
Corporate cash holdings, agency problems, and economic policy uncertainty	23
High-technology development zones and innovation in knowledge-intensive service firms: Evidence from Chinese A-share listed firms	23
The effect of earnings management on firm performance: The moderating role of corporate governance quality	23
Non-performing loans in the euro area: Does bank market power matter?	23
Liquidity in the cryptocurrency market and commonalities across anomalies	23
Impacts of COVID-19 outbreak, macroeconomic and financial stress factors on price spillovers among green bond	23
Do green bonds and economic policy uncertainty matter for carbon price? New insights from a TVP-VAR framework	23
Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios	23
ESG scores and target price accuracy: Evidence from sell-side recommendations in BRICS	22
Interconnected multilayer networks: Quantifying connectedness among global stock and foreign exchange markets	22
Does insiders share pledging stifle innovation? Evidence from China	22
Evidence of oil market price clustering during the COVID-19 pandemic	22
Economic policy uncertainty and leverage dynamics: Evidence from an emerging economy	22
A novel two-stage approach for cryptocurrency analysis	22
Corruption and innovation in private firms: Does gender matter?	22
Network structures and idiosyncratic contagion in the European sovereign credit default swap market	22
Constructing a positive sentiment index for COVID-19: Evidence from G20 stock markets	22
Sentiment stocks	22
On the intraday return curves of Bitcoin: Predictability and trading opportunities	21
Does cyber tech spending matter for bank stability?	21
Extreme quantile spillovers and drivers among clean energy, electricity and energy metals markets	21
The BOJ's ETF purchases and its effects on Nikkei 225 stocks	21
Oil price volatility predictability based on global economic conditions	21
Do co-opted boards strategically choose LGBT-supportive policies?	21
Risk quantification for commodity ETFs: Backtesting value-at-risk and expected shortfall	21
Macroeconomic attention, economic policy uncertainty, and stock volatility predictability	21
MAX momentum in cryptocurrency markets	21
China-european railway, investment heterogeneity, and the quality of urban economic growth	21
On the effects of uncertainty measures on sustainability indices: An empirical investigation in a nonlinear framework	21
Price discovery and microstructure in ether spot and derivative markets	21
The efficiency of Bitcoin: A strongly typed genetic programming approach to smart electronic Bitcoin markets	20
Can the Chinese volatility index reflect investor sentiment?	20
Examining the relationship between policy uncertainty and market uncertainty across the G7	20
Economic policy uncertainty and the cost of capital	20
A bibliometric analysis of cultural finance	20
U.S. leveraged loan and debt markets: Implications for optimal portfolio and hedging	20
Delineating social finance	20
How does China's stock market react to supply chain disruptions from COVID-19?	20
Up or down? Short-term reversal, momentum, and liquidity effects in cryptocurrency markets	20
Sentiment and stock market connectedness: Evidence from the U.S. – China trade war	20
Capital market pressure, real earnings management, and institutional ownership stability - Evidence from Poland	20
Does the mandatory disclosure of audit information affect analysts' information acquisition?	20
Systemic risk in the Chinese financial system: A panel Granger causality analysis	20
Voluntary adoption of board risk committees and financial constraints risk	20
Financial contagion intensity during the COVID-19 outbreak: A copula approach	20
Exploring the relationship between cryptocurrencies and hedge funds during COVID-19 crisis	20
VCRIX — A volatility index for crypto-currencies	20
NFTs, DeFi, and other assets efficiency and volatility dynamics: An asymmetric multifractality analysis	20
Climate transition risk in U.S. loan portfolios: Are all banks the same?	19
They're back! Post-financialization diversification benefits of commodities	19
Detecting stock market manipulation via machine learning: Evidence from China Securities Regulatory Commission punishment cases	19
Static and dynamic liquidity spillovers in the Eurozone: The role of financial contagion and the Covid-19 pandemic	19
Policy uncertainty and peer effects: Evidence from corporate investment in China	19
Commodity prices and GDP growth	19
Crude oil price volatility and equity return predictability: A comparative out-of-sample study	19
Corporate immunity, national culture and stock returns: Startups amid the COVID-19 pandemic	19
Investor heterogeneity and momentum-based trading strategies in China	19
Ethical and unethical investments under extreme market conditions	19
Meta-analysis in finance research: Opportunities, challenges, and contemporary applications	19
Geopolitical risk and the returns and volatility of global defense companies: A new race to arms?	18
Environmental subsidy disruption, skill premiums and ESG performance	18
Comparative advantages of regional versus national banks in alleviating SME's financial constraints	18
Oil futures volatility predictability: New evidence based on machine learning models	18
Does carbon emission of firms matter for Bank loans decision? Evidence from China	18
Price informativeness and state-owned enterprises: Considering their heterogeneity	18