OOIR: Observatory of International Research

Papers

(The TQCC of Quarterly Review of Economics and Finance is 8. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-09-01 to 2025-09-01.)

Article	Citations
Irregularities in forward-looking volatility	152
Rigidity in public contracts: Implications for renewal dynamics	104
The role of the COVID-19 pandemic in US market volatility: Evidence from the VIX index	75
Effects of credit and labor constraints on microenterprises and the unintended impact of changes in household endowments: Use of threshold estimation to detect heterogeneity	70
Readability of asset securitization reporting and bank holding company’s credit risk	69
FoMO in the Bitcoin market: Revisiting and factors	69
Trading strategies and the frequency of time-series	65
Quantifying endogenous and exogenous shocks to financial sector systemic risk: A comparison of GFC and COVID-19	60
ESG rating, rating divergence and investment efficiency: International evidence	52
Do board size, institutional ownership and external auditors matter to market discipline in Indonesian banking?	48
The positive impact of investment subsidies on the economy with present-biased consumers	45
News-based economic policy uncertainty and financial contagion: An international evidence	43
Capital requirements and banks performance under Basel-III: A comparative analysis of Australian and British banks	40
Moderating role of ESG disclosures and its impact on firm financial performance	39
Navigating the storm: Time-frequency quantile dependence and non-linear causality between crypto-currency market volatility and financial instability	38
The capital ratio and the interest rate spread: A panel threshold regression approach	37
Quality differentiation and optimal pricing strategy in multi-sided markets	37
Access-for-all to financial services: Non-resources tax revenue-harnessing opportunities in developing countries	36
Risk assessment of equity-based conventional and islamic stock portfolios	36
Decomposition of non-performing loans dynamics into a debt-servicing capacity and a risk taking indicators	34
The effect of financial distress on capital structure: The case of Brazilian banks	33
Term structure of equity risk premia in rough terrain: 150 years of the French stock market	33
Permanent inequality versus earnings instability and transmission of income shocks to consumption expenditure in India	30
Firm valuation with state dependent COD taxation	30
The sustainability factor in asset pricing: Empirical evidence from the Indian market	30

Time-frequency co-movement and cross-quantile connectedness of exchange rates: Evidence from ASEAN+3 Countries	28
Do geopolitical risks and global market factors influence the dynamic dependence among regional sustainable investments and major commodities?	28
The decline in stock exchange listed firms	27
Cross border flows, financial intermediation and interactions of policy rules in a small open economy	25
Systemic importance of Chinese financial institutions based on the QC-ISAM-ARMA temporal network with coupling	25
Applications of fixed effect models to managerial risk-taking incentives	24
Editorial Board	24
US foreign investments: Technology transfer, relative backwardness, and the productivity growth of host countries	24
Firm-level business uncertainty and the predictability of the aggregate U.S. stock market volatility during the COVID-19 pandemic	24
Editorial Board	24
Are bond markets and bank credits complementary or substitutable? Evidence based on the rule of law and countries’ legal origins	24
Dissecting performance gains from export-induced marketing and technological investments: Revisiting learning by exporting in Indian manufacturing	23
Optimal taxation, minimum wage constraint in a model of capital-skill complementarity	22
Editorial Board	22
The equity premium and the disconnect between uncertainty and volatility: A global perspective	22
Capital requirements and banks’ behavior: Evidence from bank stress tests	22
Genetic diversity and income inequality: The case for Y-chromosome DNA diversity	22
Tax clientele and share repurchase execution	20
Mean--variance portfolio selection problem: Asset reduction via nondominated sorting	20
A local volatility correction to mean-reverting stochastic volatility model for pricing derivatives	20
Social pension insurance and household risky asset investment: Evidence from China	19
Executive and non-executive employee ownership and bank risk: Evidence from European banks	19
A new measure of fund window dressing and its application to Chinese mutual fund market	19
Signaling through tests	18
Asymmetric effects of oil price shocks on the demand for money in Algeria	18
The forward premium anomaly and the currency carry trade hypothesis	18
Nationalization of the private sector labor force, quotas, matching and public jobs, an illustration with Saudi Arabia	17
The sum of all SCARES COVID-19 sentiment and asset return	17
The relationship between investment determinants and environmental sustainability: Evidence through meta-analysis	17
Do ESG disclosures mitigate investors’ reaction on mining disasters? Evidence from Brazil	17
Bank geographic diversification and market competition	17
The COVID-19 pandemic and the degree of persistence of US stock prices and bond yields	17
Gender differences and time allocation: A comparative analysis of Egypt and Tunisia	17
Effect of poverty on financial development: Does trade openness matter?	17
Do influencers pay? Evidence from the Internet celebrity economy in China	17
Frequency domain quantile dependence and connectedness between crude oil and exchange rates: Evidence from oil-importing and exporting countries	17
Geopolitical risks and tourism stocks: New evidence from causality-in-quantile approach	16
On the time-varying responses of Fintech stock returns to geopolitical, financial and market sentiment shocks	16
Are dividend changes exploited in the equity market?	15
Editorial Board	15
Credit booms and crisis-emergent asset comovement: The problem of latent correlation	15
The effect of the evergrande bankruptcy on Chinese real estate listed firms	14
Share pledge transactions as an investor sentiment indicator - Evidence from China	14
Asymmetric nexus between shadow economy and financial instability: Does institutional quality matter?	14
Does monetary policy favor the skilled? − Distributional role of monetary policy	14
Analyzing the risks of an illiquid and global asset: The case of fine wine	14
Predicting abnormal capital flow episodes with machine learning methods	14
Shaken, stirred and indebted: Firm-level effects of earthquakes	14
Macro-prudential policy, its alignment with monetary policy and house price growth: A cross-country study	14
Political patronage and banks’ leverage in the Middle Eastern and North African region: A new neural panel regression analysis	13

Party direct control and corporate fraud: Evidence from China	13
How does credit information sharing shape bank loans?	13
Unveiling dynamics: Financial performance determinants in the Ghanaian insurance industry	13
Hedging uncertainty: Bitcoin's asymmetric diversification benefits in factor-based portfolios	13
Robbing a robber is not robbing	13
In search of hedges and safe havens during the COVID─19 pandemic: Gold versus Bitcoin, oil, and oil uncertainty	13
Recessions and flattening of the yield curve (1960–2021): A two-way road under a regime switching approach	12
Do foreign investors deter corporate fraud? Evidence from China	12
Segmentation, business environment and global informational efficiency of emerging financial markets	12
Credit constraints and spillover effects of financial market liberalization: Case of Colombia	12
Deviating from full rationality but not from theoretical consistency: The behavior of inflation expectations in Brazil	12
Uncertainty and daily predictability of housing returns and volatility of the United States: Evidence from a higher-order nonparametric causality-in-quantiles test	12
How does central bank transparency affect systemic risk? Evidence from developed and developing countries	12
Do emerging stock markets offer an illiquidity premium for local or global investors?	12
Family ties and firm performance empirical evidence from East Asia	11
Do geopolitical risk, economic policy uncertainty, and oil implied volatility drive assets across quantiles and time-horizons?	11
Uncertainty and gender inequality: A global investigation	11
Duration of membership in the world trade organization and investment-oriented remittances inflows	11
Asymmetric cyclical connectedness on the commodity markets: Further insights from bull and bear markets	11
Revisiting the nexus between house pricing and money demand: Power spectrum and wavelet coherence based approach	11
Who needs cash? Digital finance and income inequality	11
Conventional and unconventional shadow rates and the US state-level stock returns: Evidence from non-stationary heterogeneous panels	10
The performance of bidding companies in merger and acquisition deals: An empirical study of domestic acquisitions in Hong Kong and Mainland China	10
Asset redeployability and dividend payout policy	10
Do more harm than good? The optional reverse charge mechanism against cross-border tax fraud	10
Does Corporate Social Responsibility reporting improve financial performance? The moderating role of board diversity and gender composition	10
Import penetration and workplace safety	10
Optimal inflation rate and fair wage	10
Persistence and long run co-movements across stock market prices	10
Financial contagion dynamics from the US to the PIIGS amidst the global financial crisis	10
Financial inclusion and income distribution revisited: New findings	10
The role of international currency spillovers in shaping exchange rate dynamics in Latin America	10
Markowitz portfolios under transaction costs	10
Decomposing the yield curve with linear regressions and survey information	10
NFTs versus conventional cryptocurrencies: A comparative analysis of market efficiency around COVID-19 and the Russia-Ukraine conflict	10
Customer concentration, managerial risk aversion, and hostile takeover threats	10
Political connections, investment inefficiency, and the Indian banking crisis	10
On the benefits of active stock selection strategies for diversified investors	10
Sentiment-return relation and stock price synchronicity: Firm-level versus market-level sentiment	9
Competition, ratings shopping, and yield spread: Evidence from China’s enterprise bond market	9
The association between financial market volatility and banking market structure	9
Hedging demand and near-zero swap spreads: Evidence from the Chinese interest rate swap market	9
Pathways to self-sufficiency in the microfinance ecosystem	9
The effects of countercyclical leverage buffers on macroeconomic and financial stability	9
Time-varying dependence of Bitcoin	9
Impact of a new regulatory policy on thematic and monthly distribution funds in Japan	9
Make or buy for public services: Culture matters for efficiency considerations	9
The transmission of targeted monetary policy to bank credit supply	9
Uncertainty matters in US financial information spillovers: Evidence from a directed acyclic graph approach	9
Green bonds: A demographic study of Retail Investors in India	9
Nexus of Corporate Social Responsibility Expenditure (CSR) and financial performance: Indian banks	9
When are busy boards beneficial?	9
Seasonal patterns of earnings releases and post-earnings announcement drift	8
Money demand function with time-varying coefficients	8
Energy-related uncertainty and international stock market volatility	8
Dynamic dependence and causality between crude oil, green bonds, commodities, geopolitical risks, and policy uncertainty	8
Asymmetry in inflation persistence under inflation targeting	8
Natural disasters and bank liquidity creation in Sub-Saharan African countries: Evidence from banks panel data	8
Agriculture and inflation: Expected and unexpected shocks	8
Does CEO general managerial ability matter in M&A voting?	8
Oil shocks and investor attention	8
Political influence and banking performance: Evidence from the African countries	8
Does AI contribute to systemic risk reduction in non-financial corporations?	8
The asymmetric impact of oil price shocks on China stock market: Evidence from quantile-on-quantile regression	8
Customer concentration, managerial risk aversion, and independent directors: A quasi-natural experiment	8