OOIR: Observatory of International Research

Papers

(The median citation count of Journal of Financial Markets 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 2021-02-01 to 2025-02-01.)

Article	Citations
Surprise in short interest	48
Climate risks and realized volatility of major commodity currency exchange rates	27
The race to exploit anomalies and the cost of slow trading	25
The market quality implications of speed in cross-platform trading: Evidence from Frankfurt-London microwave networks	24
The volatility of stock investor returns	21
Investment styles and the multiple testing of cross-sectional stock return predictability	20
Who is buying and (not) lending when shorts are selling?	17
The price effect of temporary short-selling bans: Theory and evidence	15
Algorithmic trading and market efficiency around the introduction of the NYSE Hybrid Market	14
Editorial Board	13
Financial oligopolies and parallel exclusion in the credit default swap markets	13
Abnormal stock returns and shorting around securities class action lawsuits: The role of pre-filing news releases	11
Editorial Board	11
Editorial Board	11
Call auction design and closing price manipulation: Evidence from the Hong Kong stock exchange	11
Options-implied information and the momentum cycle	10
Hidden liquidity, market quality, and order submission strategies	9
The alphas of beta and idiosyncratic volatility	9
Editorial Board	9
Information flow and credit rating announcements	9
Editorial Board	9
Recovery from fast crashes: Role of mutual funds	8
Bidding styles of institutional investors in IPO auctions	8
Price bands and their effects on equity markets: Evidence from a natural experiment	8
Back to the futures: When short selling is banned	8

Options-based systemic risk, financial distress, and macroeconomic downturns	7
Asymmetry and the Cross-section of Option Returns	7
Is the index efficient? A worldwide tour with stochastic dominance	7
Can risk-neutral skewness and kurtosis subsume the information content of historical jumps?	7
Can stock trading suspension calm down investors during market crises?	7
Are fund managers rewarded for taking cyclical risks?	6
Short selling and the pricing of PIN information risk	6
Editorial Board	6
Standardization, transparency initiatives, and liquidity in the CDS market	6
Nothing but noise? Price discovery across cryptocurrency exchanges	6
Job postings and aggregate stock returns	6
Editorial Board	5
The impact of margin requirements on voluntary clearing decisions	5
Do analysts distribute negative opinions earlier?	5
Spoilt for choice: Determinants of market shares in fragmented equity markets	5
Are retail investors less aggressive on small price stocks?	5
Order splitting and interacting with a counterparty	5
Market quality surrounding anticipated distraction events: Evidence from the FIFA World Cup	5
Liquidity components: Commonality in liquidity, underreaction, and equity returns	5
Editorial Board	5
Synchronous social media and the stock market	4
Bigger pie, bigger slice: liquidity, value gain, and underpricing in IPOs	4
Price impact versus bid–ask spreads in the index option market	4
Arbitrage in the market for cryptocurrencies	4
Investor attention and municipal bond returns	4
Does shareholder litigation affect the corporate information environment?	4
Editorial Board	4
Search friction, liquidity risk, and bond misallocation	4
The equilibrium prices of auction IPO securities: Empirical evidence	4
Noise traders incarnate: Describing a realistic noise trading process	4
Optimism, divergence of investors’ opinions, and the long-run underperformance of IPOs	4
Finding information in obvious places: Work connections and mutual fund investment ideas	4
Oil information uncertainty and aggregate market returns: A natural experiment based on satellite data	4
The price evolution in financial markets under influence of published opinions	4
Dealer inventory, pricing, and liquidity in the OTC derivatives markets: Evidence from index CDSs	4
Stock liquidity and default risk around the world	4
Liquid speed: A micro-burst fee for low-latency exchanges	4
Overselling winners and losers: How mutual fund managers' trading behavior affects asset prices	4
Climate risks and state-level stock market realized volatility	3
The Bank of Japan's equity purchases and stock illiquidity	3
Financial leverage and stock return comovement	3
On the choice of central counterparties in the EU	3
Ease-of-processing heuristics and asset prices: Evidence from the exchange-traded repo market in China	3
Editorial Board	3
Asset pricing with data revisions	3
Does better liquidity for large orders attract institutional investors and analysts? Evidence from the Tick Size Pilot Program	3
Gender, learning, and earnings estimate accuracy	3
Benchmarking the effects of the Fed's Secondary Market Corporate Credit Facility using Yankee bonds	3
Mood, attention, and household trading: Evidence from terrorist attacks	3
Price discovery in CDS and equity markets: Default risk-based heterogeneity in the systematic investment grade and high yield sectors	3

Transaction costs, frequent trading, and stock prices	3
Does it pay to follow anomalies research? Machine learning approach with international evidence	3
Realizing correlations across asset classes	3
Banning dark pools: Venue selection and investor trading costs	3
Sharing the dividend tax credit pie: The influence of individual investors on ex-dividend day returns	3
Transaction fees: Impact on institutional order types, commissions, and execution quality	3
Do speed bumps curb low-latency investment? Evidence from a laboratory market	2
Daily short selling around reverse stock splits	2
The disappearing profitability of volatility-managed equity factors	2
Editorial Board	2
Editorial Board	2
Does the Nationally Recognized Statistical Rating Organization certification matter for Japanese credit rating agencies?	2
An ETF-based measure of stock price fragility	2
Robinhood, Reddit, and the news: The impact of traditional and social media on retail investor trading	2
Price formation in field prediction markets: The wisdom in the crowd	2
Margin trading, short selling, and information asymmetry	2
A Bayesian analysis of time-varying jump risk in S&P 500 returns and options	2
Editorial Board	2
Hedge fund hold ’em	2
Corporate bond price reversals	2
Attention: How high-frequency trading improves price efficiency following earnings announcements	2
Risk disclosure in IPO advertisement and the quality of the firm	2
Financial congestion	2
The role of options markets in corporate social responsibility	2
When is the order-to-trade ratio fee effective?	2
Price discovery during parallel stocks and options preopening: Information distortion and hints of manipulation	2
The dynamics of short sales constraints and market quality: An experimental approach	2
Extreme illiquidity and cross-sectional corporate bond returns	2
The shrinking stock market	2
Does the U.S. president affect the stock market?	2
Contagious margin calls: How COVID-19 threatened global stock market liquidity	2
Spread position as a leading economic indicator	2
Institutional investor cliques and stock price efficiency: Evidence from China	2
Bootstrap-based probabilistic analysis of spillover scenarios in economic and financial networks	2