OOIR: Observatory of International Research

Papers

(The median citation count of Emerging Markets Finance and Trade 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 2020-11-01 to 2024-11-01.)

Article	Citations
Local Bank, Digital Financial Inclusion and SME Financing Constraints: Empirical Evidence from China	125
Corporate Social Responsibility and High-quality Development: Do Green Innovation, Environmental Investment and Corporate Governance Matter?	123
Effects of Digital Finance on Green Innovation considering Information Asymmetry: An Empirical Study Based on Chinese Listed Firms	119
The Response of the Stock Market to the Announcement of Global Pandemic	83
Government Fighting Pandemic, Stock Market Return, and COVID-19 Virus Outbreak	82
Can Central Bank Mitigate the Effects of the COVID-19 Pandemic on the Macroeconomy?	77
Re-examining Bitcoin Volatility: A CAViaR-based Approach	64
Are Cryptos Safe-Haven Assets during Covid-19? Evidence from Wavelet Coherence Analysis	63
Herding Behavior in Chinese Stock Markets during COVID-19	62
Does a Government Response to COVID-19 Hurt the Stock Price of an Energy Enterprise?	49
Part A: Special Section on COVID-19 Research	48
Does It Pay to Be Responsible? The Performance of ESG Investing in China	48
Nexus between Green Finance and Renewable Energy Development in China	47
COVID-19 Shock and Global Value Chains: Is There a Substitute for China?	47
Financial Market Risks during the COVID-19 Pandemic	43
Digital Technology and Corporate Social Responsibility: Evidence from China	43
Who has done a better job in fighting the COVID-19 epidemic? Left or Right?	43
COVID-19 Pandemic and Household Liquidity Constraints: Evidence from Micro Data	40
Stock Market Volatility Spillovers in G7 and BRIC	40
Investment Lag, Financially Constraints and Company Value—Evidence from China	39
Political Connections, Industry Entry Choice and Performance Volatility: Evidence from China	37
Does Economic Policy Uncertainty Affect Green Bond Markets? Evidence from Wavelet-Based Quantile Analysis	36
The Impact of Urbanization on CO₂ Emissions in China: The Key Role of Foreign Direct Investment	35
Does Lockdown Bring Shutdown? Impact of the COVID-19 Pandemic on Foreign Direct Investment	34
Media Attention, Environmental Information Disclosure and Corporate Green Technology Innovations in China’s Heavily Polluting Industries	33

Oil Price and Exchange Rate Behaviour of the BRICS	31
Impact of COVID-19 on Financial Constraints and the Moderating Effect of Financial Technology	30
Digital Transformation and Within-Firm Pay Gap: Evidence from China	28
Will Gold Always Shine amid World Uncertainty?	27
Does Entrepreneur Invest More in Environmental Protection When Joining the Communist Party? Evidence from Chinese Private Firms	26
Firm Sustainable Growth during the COVID-19 Pandemic: The Role of Customer Concentration	25
The Relationship between Trade Liberalization and Environmental Pollution across Enterprises with Different Levels of Viability in China	25
Implications of COVID-19 Pandemic on China’s Exports	25
Does Financialization of Non-Financial Corporations Promote or Prohibit Corporate Risk-Taking?	24
Exogenous Shocks on the Dual-country Industrial Network: A Simulation Based on the Policies during the COVID-19 Pandemic	24
Flights-to-quality from EM Bonds to safe-haven US Treasury Securities: A time-frequency Analysis	24
Effects of Country and Geopolitical Risks on Income Inequality: Evidence from Emerging Economies	22
How COVID-induced Uncertainty Influences Chinese Firms’ OFDI Binary Margins	21
The Dynamic Correlation between China’s Policy Uncertainty and the Crude Oil Market: A Time-varying Analysis	21
Does Local Governments’ Environmental Information Disclosure Promote Corporate Green Innovations?	21
Can Digital Transformation Facilitate Firms’ M&A: Empirical Discovery Based on Machine Learning	21
Stock Liquidity and Firm Value in the Time of COVID-19 Pandemic	21
Digital Finance and the Efficiency of Household Investment Portfolios	20
Trade Sustainability and Efficiency under the Belt and Road Initiative: A Stochastic Frontier Analysis of China’s Trade Potential at Industry Level	20
Local Attention to Environment and Green Innovation: Evidence from Listed Manufacturing Companies in 120 Cities in China	20
Spatial Effects of Participation in Global Value Chains on CO₂ Emissions: A Global Spillover Perspective	18
Stock Market Linkages between the Asean Countries, China and the US: A Fractional Integration/cointegration Approach	18
Digital Payments and Households’ Consumption: A Mental Accounting Interpretation	17
Does Green Finance Drive Environmental Innovation in China?	17
How Does Uncertainty Affect Volatility Correlation between Financial Assets? Evidence from Bitcoin, Stock and Gold	17
Pandemic Effect on Analyst Forecast Dispersion: Earnings Uncertainty or Information Lockdown?	16
Political Background and Household Financial Asset Allocation in China	16
Impact of Low-Carbon City Construction Policy on Green Innovation Performance in China	16
Third Party Environmental Disclosure and Firm’s Green Innovation: Evidence from a Natural Experiment in China	16
The Roles of Anti-Monopoly on Green Innovation: Evidence from the Chinese Manufacturing Industry	16
Systemic Risk of China’s Financial Industry during the Spread of the COVID-19 Epidemic and the Breakdown of Crude Oil Negotiation	16
Confucianism and Earnings Management: Evidence from China	15
Does ESG Screening Enhance or Destroy Stock Portfolio Value? Evidence from China	15
Institutional Investors and Corporate Social Responsibility: Evidence from China	15
Household-owned Businesses’ Vulnerability to the COVID-19 Pandemic	15
The Impact of Exchange Rate Futures Fluctuations on Macroeconomy: Evidence from Ten Trading Market	15
More Stable, More Sustainable: Does TMT Stability Affect Sustainable Corporate Social Responsibility?	15
Regional Digital Finance and Corporate Financial Risk: Based on Chinese Listed Companies	15
Capital Market Opening and ESG Performance	14
The Impact of early-life Natural Disaster Experiences on the Corporate Innovation by CEOs	14
Is “Born Global” a Viable Market Entry Mode for the Internationalization of SMEs? Evidence from China before COVID-19	14
Innovation in Business Groups: Evidence from China	14
The Impacts of Economic Policy Uncertainty on Trade Flow	14
CEO Military Background and Investment Efficiency	13
Green Finance, Technological Innovation, and Energy Efficiency Improvements: Evidence from China’s Green Finance Reform Pilot Zone	13
Impact of the COVID-19 Pandemic on Economic Sentiment: A Cross-Country Study	13
A Note on the COVID-19 Shock and Real GDP in Emerging Economies	12
Decoupling Between the Energy and Semiconductor Sectors During the Pandemic: New Evidence from Wavelet Analysis	12
Tone of Textual Information in Annual Reports and Regulatory Inquiry Letters: Data from China	12
The Relationship between the Airport Economy and Regional Development in China	12

The Shielding Effect of Access to Finance on Small and Medium-Sized Enterprises during the COVID-19 Crisis: Comparing Fintech and Traditional Finance	12
Board Interlocks and Stock Liquidity: New Evidence from an Emerging Market	11
Internal Control, Political Connection, and Executive Corruption	11
“Business Tax to Value-added Tax” and Enterprise Innovation Output: Evidence from Listed Companies in China	11
Can Artificial Intelligence Improve Firms’ Competitiveness during the COVID-19 Pandemic: International Evidence	11
The Carbon Emissions Trading Scheme and Corporate Environmental Investments: A Quasi-natural Experiment from China	11
The Impact of Green Development on Modernization in China: Evidence from 108 Cities in the Yangtze River Economic Belt	11
Short Sales and Corporate Investment Efficiency: Evidence from China	11
Examining the Coupling Coordination Relationship between Digital Inclusive Finance and Technological Innovation from a Spatial Spillover Perspective: Evidence from China	11
How Property Rights Affect Firm’s Labor Investment Efficiency? Evidence from a Property Law Enactment in China	11
The Impact of Domestic and Global Risk Factors on Turkish Stock Market: Evidence from the NARDL Approach	11
How Do Economic Freedom and Technological Innovation Affect Green Total-Factor Productivity? Cross-Country Evidence	11
Bank Loans for Small Businesses in Times of COVID-19: Evidence from China	10
Corporate Social Responsibility and Carbon Emission Intensity: Is There a Marketization Threshold Effect?	10
Institutional Investor Networks and ESG Performance: Evidence from China	10
The Impact of China’s FDI on Economic Growth: Evidence from Africa with a Long Memory Approach	10
Environmental, Social, and Governance Performance and Enterprise Dynamic Financial Behavior: Evidence from Panel Vector Autoregression	10
Does Mandatory Disclosure of CSR Reports Affect Accounting Conservatism? Evidence from China	10
Measurement of Individual Investor Sentiment and Its Application: Evidence from Chinese Stock Message Board	10
China’s Carbon Emission Trading Scheme and Firm Performance	10
Can Passive Investors Improve Corporate Social Responsibility? Evidence from Chinese Listed Firms	10
Green Development Efficiency and Spatial Characteristics of Urban Clusters: A Case of Yangtze River Delta City Cluster	10
The Digital Transformation Effect in Trade Credit Uptake: The Buyer Perspective	9
How Does Geopolitical Risk Affect Corporate Innovation? Evidence from China’s Listed Companies	9
Is the Development of Inclusive Finance Truly Able to Alleviate Poverty?——an Empirical Study Based on Spatial Effect and Threshold Effect	9
Effectiveness of Fiscal and Monetary Policies in Promoting Environmental Quality: Evidence from Five Large Emerging Economies	9
When Regional Comprehensive Economic Partnership Agreement(RCEP) Meets Comprehensive and Progressive Trans-Pacific Partnership Agreement(CPTPP): Considering the “Spaghetti Bowl” Effect	9
Environmental Regulations and Industrial Enterprises Innovation Strategy: Evidence from China	9
Internet Finance, Financing of Small and Micro Enterprises and the Macroeconomy	9
Social Insurances and Risky Financial Market Participation: Evidence from China	9
Will the Supporting Policies Help the Recovery of SMEs during the Pandemic of COVID-19? — Evidence from Chinese Listed Companies	9
Intellectual Property Protection, Financial Innovation and Corporate Innovation: Evidence from a Quasi-Natural Experiment in China	9
The Impact of COVID-19 Pandemic on Emerging Country Stock Markets: Evidence of the Value Effect	9
Digital Financial Inclusion, Household Financial Participation and Well-Being: Micro-Evidence from China	9
Economic Policy Uncertainty and Corporate Bank Credits: Evidence from China	9
The Role of Economic Policy Uncertainty in Predicting Output Growth in Emerging Markets: A Mixed-Frequency Granger Causality Approach	9
Targeted Poverty Alleviation Information Disclosure and Equity Financing Cost	9
The Green Incentives and Green Bonds Financing under the Belt and Road Initiative	9
The Financial Market in China under the COVID-19	9
Management Earnings Forecasts Bias, Internal Control, and Stock Price Crash Risk: New Evidence from China	9
Determinants and Consequences of Risk Disclosure: Evidence from Chinese Stock Markets during the COVID-19 Pandemic	9
Will the Narrowing Pay Gap in Chinese State-owned Enterprises Improve Internal Control Quality?	8
Capital Supervision, Information Disclosure and Risk-taking—Evidence from Rural Commercial Banks in China	8
Directors’ Foreign Experience and Firm Innovation	8
Real Earnings Management, Manipulation Incentives and Accounting Conservatism:Evidence from China	8
The Risk Spillover Effect of COVID-19 Breaking News on the Stock Market	8
How Does the Market React to Corporate Philanthropic Behavior? —evidence from the COVID-19 Pandemic Shock	8
Impact of Local Government Competition and Land Finance on Haze Pollution: Empirical Evidence from China	8
Advanced Human Capital Structure, Industrial Intelligence and Service Industry Structure Upgrade ——Experience from China’s Developments	8
The Catering Effect of Green Mergers and Acquisitions in Heavy Pollution Industries	8
ESG Rating Dispersion and Expected Stock Return in China	8
Oil and BRIC Stock Markets before and after COVID-19: A Local Gaussian Correlation Approach	8
Carbon Emissions and Clean Energy Investment: Global Evidence	8
The Role of CBDC in Green Finance and Sustainable Development	8
Corporate Disclosures in Pandemic Times. The Annual and Interim Reports Case	8
The Ownership Concentration − Innovation Nexus: Evidence From SMEs Around The World	8
Greenfield or M&A? The Role of Economic Policy Uncertainty in Home and Host Countries	8
The Network Structure Characteristics and Determinants of the Belt & Road Industrial Robot Trade	8
Time-varying Effects of U.S. Economic Policy Uncertainty on Exchange Rate Return and Volatility in China	8
Supply-Chain Concentration and Inefficient Investment	8
Can Mixed-Ownership Reform of State-Owned Enterprises Restrain Excessive Perquisite Consumption by Executives?	8
How Can FinTech Reduce Corporate Zombification Risk?	8
Does Government Decentralization Shape Firms’ Pollution Emissions? Evidence from a Natural Experiment in China	7
The Effects of Nonstate Shareholder on the Excess Perquisites: Evidence from Chinese Mixed Ownership Reform	7
How Does Analyst Coverage Affect Corporate Social Responsibility? Evidence from China	7
CEO Power and Corporate Green Governance from the Perspective of Input-output Efficiency	7
Driving Impact of Digital Transformation on Total Factor Productivity of Corporations: The Mediating Effect of Green Technology Innovation	7
Vertical Interlock and Firm Value: The Role of Corporate Innovation	7
The Impact of Deep Preferential Trade Agreements on (Global Value Chain) Trade: Who Signs Them Matters	7
Executives’ Foreign Work Experience and International Knowledge Spillovers: Evidence from China	7
Strategic Deviance, Diversification and Enterprise Resilience in the Context of COVID-19: Heterogeneous Effect of Managerial Power	7
Corporate Social Responsibility Disclosure, Market Supervision, and Green Investment	7
Academic Independent Director Abnormal Resignations and R&D Investment: Evidence from China	7
The Impact of Trade Facilitation on the Networks of Value-Added Trade——Based on Social Network Analysis	7
The Stock and CDS Market Consequences of Political Uncertainty: The Arab Spring	7
Nexus Among Digital Economy, Green Innovation, and Green Development: Evidence from China	7
Does a Stronger Business Environment Increase Export Variety?	7
Can Digital Finance Improve Corporate Environmental Performance? Evidence from Heavy Polluting Listed Companies in China	7
The Urbanization–Environmental Pollution Nexus: An Analysis Based on a Spatial Perspective	7
The Effect of Perceived Organizational Support toward the Environment on Team Green Innovative Behavior: Evidence from Chinese Green Factories	7

Innovation Input on Enterprise Value: Based on the Moderating Effect of Ownership Structure	7
The Effect of Strategic Corporate Social Responsibility on Financial Performance: Evidence from China	7
Investor Limited Attention, Opinion Divergence, and Post-earnings-announcement Drift: Evidence from China	7
Corporate Tax Integrity and the Market Reactions to Covid-19: Evidence from China	6
Risk Spillover of Global Treasury Bond Markets in the Time of COVID-19 Pandemic	6
The Impact of Financial Literacy on Rural Household Self-Employment: The Mediating Role of Financial Ability	6
Financial Mismatch and Default Risk: Evidence from Chinese Nonfinancial Listed Private Enterprises	6
Does Financial Development Promote Economic Globalization? Evidence from the Top and the Bottom Globalized Emerging Economies	6
Does Operational Risk Management Benefit from FinTech?	6
Geographic Proximity and Information Efficiency of Capital Market: Evidence from China	6
The Role of Green Finance in Green Innovation: Global Perspective from 75 Developing Countries	6
Commodity Prices and Forecastability of International Stock Returns over a Century: Sentiments versus Fundamentals with Focus on South Africa	6
The Dimension of Bank Liquidity Creation: Culture Viewpoint	6
Forecasting Performance of Different Betas: Mexican Stocks before and during the COVID-19 Pandemic	6
CCTV News’ Asymmetric Impact on the Chinese Stock Market during COVID-19: A Combination Analysis Based on the SVAR and NARDL Models	6
Is Financial Risk A Stumbling Block to the Development of Digital Economy? A Global Case	6
Controlling Shareholder Characteristics and Corporate Debt Default Risk: Evidence Based on Machine Learning	6
The Dynamic Nexus Among Energy Diversification and Carbon Emissions in the E7 Economies: Investigating the Moderating Role of Financial Development	6
Return and Volatility Spillovers among Sector Indexes in Shanghai-Shenzhen-Hong Kong Stock Markets: Evidence from the Time and Frequency Domains	6
Can the Deferred Donation Deduction Policy Promote Corporate Charitable Donations? Empirical Evidence from China	6
Executives with Economic Management Education Backgrounds and Stock Price Crash Risk: Evidence from Chinese A-share Markets	6
How Does Carbon Market Affect Corporate Risk-Taking? — Evidence from China	6
Does Financial Constraint Hinder Firm Growth?	6
Transportation Infrastructure and Analyst Earnings Forecasts: Evidence from High-Speed Rails in China	6
The Impact of Mobile Finance Use on Livelihoods of Farmers in Rural China	6
Special Issue on the Pandemic Research	5
How Does Financial Development Affect Global Energy Security? A Functional Data Analysis	5
Does Housing Boom Boost Corporate Financialization?—Evidence from China	5
Measuring Uncertainty in Export Destinations And Its Impact on Economic Growth: Evidence from Turkey	5
Scenario Analysis on the Macroeconomic Impact of COVID-19: A Computable General Equilibrium Approach	5
Technological Knowledge Spillover in Business Groups: Evidence from China	5
How Does Industrial Upgrading Affect Urban Ecological Efficiency? New Evidence from China	5
Political Promotion Incentives and Firm Risk: Evidence from State-owned Enterprises in China	5
Ownership Structure, Diversification, and Bank Performance: International Evidence	5
The Effects of Low-Carbon Governance on Energy-Environmental Efficiency: Evidence from China’s Low-Carbon City Pilot Policy	5
Economic Policy Uncertainty, Industrial Intelligence, and Firms’ Labour Productivity: Empirical Evidence from China	5
Measuring Economic Uncertainty in China^†	5
The Effects of Zombie Firms on the Financial Information Transparency of Other Firms	5
CEO Reputation and Corporate Risk-Taking: Managerial Competence or Managerial Defence?	5
Examining the Internal-Structural Effects of Internet Development on China’s Urban Green Total Factor Productivity	5
The Impact of Interfirm Cooperative R&D on Firm Performance: Evidence from Chinese Publicly Listed Companies	5
Corporate Tax Integrity and the Cost of Debt: Evidence from China	5
The Impacts of Digital Transformation on Labor Income Share: Evidence from China	5
Top Executives’ Multi-Background and M&A Decisions: Evidence from Chinese-Listed Firms	5
Monetary Policies and Financial Stress During the COVID-19 Pandemic: An Event Study Analysis	5
Blockchain Development and Corporate Performance in China: The Role of Ownership	5
Nineteen Years of Emerging Markets Finance and Trade: A Bibliometric Analysis	5
The comovement between epidemics and atmospheric quality in emerging countries	5
Tax Enforcement and Corporate Social Responsibility: Evidence from a Natural Experiment in China	5
Macroeconomic Effects of Covid-19 in a Commodity-Exporting Economy: Evidence from Mongolia	5
The Optimal Patent Portfolio of The Technology Standards Alliances in Innovation Competition	5
Low-Carbon Transition of Enterprises and Financial Market Stability: From the Perspective of Stock Price Crash Risk	5
SHIBOR Fluctuations and Stock Market Liquidity: An MF-DCCA Approach	5
How Does Exogenous Shock Change the Structure of Interbank Network?: Evidence from China under COVID-19	5
Impacts of Digital Trade Restrictiveness on Green Technology Innovation: An Empirical Analysis	5
Frozen Economy During COVID-19	5
Bank Competition and Firm Labor Investment Efficiency: Evidence from China	5
Executive Compensation Incentives and Corporate R&D Investments: An Analysis Based on the Moderating Effect of Managerial Power	4
Political Party System and Enterprise Innovation: Is China Different?	4
Internal Capital Markets and R&D Investment: Evidence from Korean Chaebols	4
What is an Optimal Allocation in Hong Kong Stock, Real Estate, and Money Markets: An Individual Asset, Efficient Frontier Portfolios, or a Naïve Portfolio? Is This a New Financial Anomaly?	4
Out-of- Sample Stock Return Predictability of Alternative COVID-19 Indices	4
Absence of Controlling Shareholders and Litigation Risk: Evidence from China	4
Market Concentration, Bank’s Pricing Power, and Deposit Rates: Evidence from Dual Banking System	4
Exchange Comment Letters and Corporate Social Responsibility: Evidence from China	4
Pandemic, Precautionary Saving, and Household Portfolio Choice: Evidence from China	4
Performance Shortfall Scope and Emerging Economy enterprises’ Overseas R&D	4
Goodwill Impairment, Loss Avoidance Effects and Subsequent Corporate M&A Decisions	4
Impact of Environmental Taxation on Financial Performance of Energy-Intensive Firms: The Role of Digital Transformation	4
COVID-19, Supply Chain Breakdowns, and Firm Value	4
Pricing of Liquidity Risk: New Evidence from the Latin American Emerging Stock Markets	4
Identifying Sovereign Risk Spillover Channels: A Spatial Econometric Approach	4
Blessing in Disguise: Policy Uncertainty and Bank Systemic Risk	4
Does Managerial Foreign Experience Deter Corporate Fraud	4
The Role of Environmental, Social, Governance (ESG) Practices and Ownership on Firm Performance in Emerging Markets	4
Early Experience Within Tizhi System, Policy Perception and Corporate Innovation: Evidence from Chinese Private Firms	4
Foreign Experienced CEOs’ and Financial Statement Comparability	4
Oil, Foreign Exchange Swaps and Interest Rates in the GCC Countries	4
Mandatory internal control and earnings management	4
Corruption and Corporate Cash Holdings	4
Ultimate Ownership, Corporate Diversification, and Cash Dividends: Evidence from China	4
Impacts of Earnings Management and Institutional-financial Development on Capital Structure Choice in Latin-American Markets	4
Does the Leadership of the Board of Directors Affect Corporate Performance? Based on the Empirical Research of China’s SMEs	4
Manager Sentiment Bias and Stock Returns: Evidence from China	4
Mandatory CSR Disclosure and Pay Gap: Evidence from China	4
Deepening of Free Trade Agreements and International Trade: Evidence from China	4
Product Competition and Firm Overcapacity: Evidence from China	4
Can Inquiry Letters Make R&D Information Pricing More Effective? Evidence from China	4
Exchange Inquiry Letters and Stock Price Informativeness: Evidence from China	4
Do Political Connections Matter for Firm Trade Credit?	4
Nexus of Interest Rate Liberalization and Loan Pricing: Evidence from Entrusted Loans in China	4
The Role of Top Management Team in Oversea Location Choice: Evidence from Chinese Firms’ Investments in European Industrial Clusters	4
The Digital Impact on Environmental Performance: Evidence from Chinese Publishing	4
Economic Growth, Urban Governance, and Environment Protection	4
Offspring Education, Regional Differences and Farmers’ Subjective Well-being	4