OOIR: Observatory of International Research

Papers

(The median citation count of European Journal of Finance is 2. 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 2021-05-01 to 2025-05-01.)

Article	Citations
The effects of bundling strategy on bank interest margins: theoretical and empirical evidence	177
Testing the accruals anomaly based on the speed of price adjustment	81
Female venture capitalists on boards and firm innovation in China	74
Do risk disclosures enhance the efficacy of regulatory and supervisory frameworks in restricting banks’ risk-taking?	44
Can social capital and reputation mitigate political and market competition risk?	39
Corruption-related disclosure in the banking industry: evidence from GIPSI countries	39
Portfolio management using time-varying vine copula: an application on the G7 equity market indices	34
Cryptocurrency research: future directions	23
The effects of top management team strategic cognition on corporate financial health and value: an interactive multi-dimensional approach	22
Discontinuous movements and asymmetries in cryptocurrency markets	22
The stress contagion among financial markets and its determinants	21
Bank market power and interest rate setting: why consolidated banking data matter	20
Noise trading and market stability	19
Assessing systemic risk spillovers from FinTech to China’s financial system	17
International monetary policy and cryptocurrency markets: dynamic and spillover effects	17
Bank funding costs and solvency	17
Modeling market fluctuations under investor sentiment with a Hawkes-Contact process	16
Do corruption perceptions impact the pricing and access of euro area corporations to bond markets?	15
Labor unions and debt covenant violations*	14
Global volatility connectedness and the determinants: evidence from multilayer networks	13
Improving financial volatility nowcasts*	13
Source of US market predictability in international equities: the investor attention perspective	12
Senior-subordinated structure: buffer or signal in securitisation?	12
Predicting financial distress: the power of sentiment words in business plans	12
On the impact of low interest rates on common withdrawal rules in old age	12

The impact of the global financial crisis and the European sovereign debt crisis on the capital structure of firms in Europe: do SMEs, and listed firms respond the same?	12
How do fintech start-ups affect financial institutions’ performance and default risk?	12
Does the form of state ownership and political connections influence the incidence of financial statement fraud?	11
The stable tail dependence and influence among the European stock markets: a score-driven dynamic copula approach	11
Sustainability and private investors	10
Bank funding constraints and stock liquidity	10
The determinants of liquidity commonality in the Euro-area sovereign bond market	10
Industry herding by hedge funds	10
UK or the Eurozone: which common currency area can work for Northern Ireland after Brexit?	10
Are fund managers incentivised to ignore stock market jumps?	9
Social trading platforms vs. mutual funds: herding tendencies and portfolio risks	9
The role of board age diversity in the performance of publicly listed Fintech entities	9
Responsible access to credit for sole-traders and micro-organizations under unstable market conditions with psychometrics	9
Why do firms purchase directors and officers liability insurance? – a perspective from short selling threats	9
Stock mispricing and SEO decisions: how does the market respond to the timing behavior?	9
Can financial crisis be detected? Laplacian energy measure	8
Neighbors matter for risk tolerance	8
Distributed Ledger technology systems in securities post-trading services. Evidence from European global systemic banks	8
Board Political Superiority and firm performance variability	8
Hawkes processes in finance: market structure and impact	8
Reevaluating the risk minimization utility of Islamic stocks and bonds (Sukuk) in international financial markets	7
Revealing the risk perception of investors using machine learning	7
Cash-rich seasoned equity issuers	7
The first is free: do employee stocks incentivize stock market participation?	7
The new challenges of global banking and finance	7
Do dividend policies of privately held firms follow a life cycle?	7
The spirit of capitalism, investment, and consumption smoothing	7
Negative rates and bank profit and cost efficiency: evidence for Eurozone	6
Strategic complementarities, geographical agglomeration, and firm investment	6
The diffusion of fintech, financial inclusion and income per capita	6
The impact of efficiency on asset quality in banking	6
Predicting Chinese bond risk premium with machine learning	6
A primer on Chapter 11 bankruptcy filings: why the genders of the CEO and judge (may) matter	6
The impact of bank money on stock market integration: evidence from the Eurozone	6
Capturing the ‘true’ information content of supervisory announcements in Europe	6
Risk in the cryptocurrency markets: the role of structural breaks and fat-tailed distributions in estimating value-at-risk and expected shortfall	6
New insights on the asset growth anomaly: evidence from Europe*	6
Investor attention and idiosyncratic risk in cryptocurrency markets	5
Mutual fund centrality and the remote acquisitions of listed firms in China*	5
Navigating through crisis: an empirical investigation of effective response strategies for reputation restoration	5
Cultural diversity and borrowers’ behavior: evidence from peer-to-peer lending	5
Social media coverage and post-earnings announcement drift: evidence from seeking alpha	5
Inflation expectations and the stock-bond nexus in the US: hedging implications	5
Quantitative easing and the functioning of the gilt repo market	5
Analysts’ forecast anchoring and discontinuous market reaction: evidence from China	5
The dynamics of returns predictability in cryptocurrency markets	5
Valuing basket-spread options with default risk under Hawkes jump-diffusion processes	5
Large-caps liquidity provision, market liquidity and high-frequency market makers’ trading behaviour	5
Long term equity risk premiums in the UK and US: A cautionary tale of weak mean reversion	5
The role of hedge funds in the asset pricing: evidence from China	5

Sustainable finance and governance: an overview	5
Portfolio allocation and borrowing constraints	5
The disposition effect among mutual fund participants: a re-examination	5
The effects of macroprudential policies on credit growth	5
Downside risk optimization with random targets and portfolio amplitude	5
Time-varying spillovers of higher moments between Bitcoin and crude oil markets and the impact of the US–China trade war: a regime-switching perspective	4
Hedging quantitative easing	4
Is zero leverage good for firms’ performance?	4
Do investors feedback trade in the Bitcoin—and why?	4
Valuation of spread options under correlated skew Brownian motions	4
Heuristic portfolio rules with labor income	4
Joint calibration of VIX and VXX options: does volatility clustering matter?	4
To be or not to be in the EU: the international economic effects of Brexit uncertainty	4
Interest rate structured products: can they improve the risk–return profile?	4
Tournament incentives, internal promotion and corporate social responsibility: evidence from China	4
The effect of ‘underwriter–issuer’ personal connections on IPO underpricing	4
Identifying systemic risk drivers of FinTech and traditional financial institutions: machine learning-based prediction and interpretation	4
Mutual fund performance: the model for selecting persistent winners	4
Controlling shareholder’s share pledging and annual report tone management: empirical evidence from Chinese listed firms	4
Euro area monetary asset demand and Divisia aggregates**	4
Price discovery and gains from trade in asset markets with insider trading	4
Information search costs and trade credit: evidence from high-speed rail connections	4
The macroeconomic content of analyst news during economic crises and bailouts	4
Home bias and the need to build a bond market track record	4
Good volatility, bad volatility, and time series return predictability	3
Pricing credit-risky bonds using recovery rate uncertainty and macro-regime switching	3
Are cryptos becoming alternative assets?	3
Liquidity-adjusted value-at-risk: a comprehensive extension with microstructural liquidity components	3
Let me sleep on it: sleep and investor reactions to earnings surprises	3
Cryptocurrency jump contagion with market sentiment events: a study of high frequency cross effect	3
Is the investor's reliance on cognition and emotional regulation predict preference for selecting value versus growth stocks?	3
How do institutional investors dictate corporate cash holdings in a financially constrained environment?	3
Financial ratios and stock returns reappraised through a topological data analysis lens	3
Determinants of the use of European Structural and Investment Funds	3
Corporate tax-shields and capital structure: leveling the playing field in debt vs equity finance	3
Risk management and the cost of equity: evidence from the United Kingdom’s non-life insurance market	3
Adverse impact of capital regulatory reform and policy remedy: theory and evidence	3
Risk taking in the context of financial advice: does gender interaction matter?	3
The combined effects of economic policy uncertainty and environmental, social, and governance ratings on leverage	3
The effect of climate risk on firm cash holdings: evidence from the euro area	3
How do local banks respond to natural disasters?	3
Bank liquidity and capital shocks in unconventional times	3
Keeping it in the family: financial constraints and the succession intention of micro and small enterprises in China	3
Expected profitability, the 52-week high and the idiosyncratic volatility puzzle	3
The impact of government borrowing on corporate acquisitions: international evidence	3
Memory-enhanced momentum in commodity futures markets	3
From text to treasure: the predictive superiority of a FinTech index in stock market returns	3
Organizational culture, competition and bank loan loss provisioning	3
Things often get worse before they get better: using contest theory to explain the effect of informational risk around inclusion in S&P 500 on cost of capital	3
Investor attention and portfolio performance: what information does it pay to pay attention to?	2
Does social trust restrict dual agency costs? Evidence from China	2
Hedging, optimal capital structure and incentives for risk-shifting with preferences for liquidity	2
Internationalization and zero leverage	2
If you feel good, I feel good! The mediating effect of behavioral factors on the relationship between industry indices and Bitcoin returns	2
Modeling demand for ESG	2
Managing for the future: managerial short-termism impact on corporate ESG performance in China	2
Shunned stocks and market states	2
Credit composition and housing price dynamics: a disaggregation approach	2
Country corruption and corporate cash holdings: the mediating effect of firm’s anti-bribery policy	2
Crash risk connectedness in commodity markets	2
A new channel for global volatility propagation	2
Measuring the systemic risk in indirect financial networks	2
Idiosyncratic factors that shape shareholder reward policies in capital intensive companies	2
Forging a path to sustainability: the impact of Fintech on corporate ESG performance	2
The information content of currency option-implied volatilities: implications for ex-ante forecasts of global equity correlations	2
Momentum and market volatility: a Bayesian regime-switching model	2
Confucianism and the costs of high leverage	2
Disentangling prefectural similarities in the capital structure of Japanese SMEs through pairwise testing	2
A parameter based approach to single factor stochastic process selection for real options applications	2
Corruption, national culture and corporate investment: European evidence	2
Transition versus physical climate risk pricing in European financial markets: a text-based approach	2
State-dependent asset allocation using neural networks	2
Persistence or reversal? The effects of abnormal trading volume on stock returns	2
Financial inclusion and financial technology: finance for everyone?	2
Trading patterns in the bitcoin market	2
Economic policies and their effects on financial market	2
Financial network structure and systemic risk	2
The impact of corporate social responsibility on corporate financialization	2
Profitability of insider trading in Turkey	2
Information processing costs and credit ratings: evidence from investor interactive platforms in China	2