OOIR: Observatory of International Research

Papers

(The median citation count of Review of Finance is 7. 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 2022-01-01 to 2026-01-01.)

Article	Citations
The effect of mortgage securitization on asset liquidation decisions	1930
Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk	251
Building trust takes time: limits to arbitrage for blockchain-based assets	200
Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission	173
Director Expertise and Corporate Sustainability	170
Climate Change Risk and the Cost of Mortgage Credit	166
Sources of Value Creation in Private Equity Buyouts of Private Firms	140
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks	134
Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds	127
The cryptocurrency elephant in the room	119
A disaster explanation of equity term structures	108
Supervisory cooperation and regulatory arbitrage	102
Asymmetric Information and Corporate Lending: Evidence from SME Bond Markets	93
Tick Size Wars: The Market Quality Effects of Pricing Grid Competition	76
Property rights, political connections, and corporate investment	69
Comparing Past and Present Inflation	62
Trust and delegated investing: a Money Doctors experiment	60
Privacy policies and consumer data extraction: evidence from US firms	57
Contracting when enforcement is weak: evidence from an audit study	56
Securities financing and asset markets: new evidence	52
Bank presence and health	46
Debt Renegotiations Outside Distress	43
Move a little closer? Information sharing and the spatial clustering of bank branches	43
Are Carbon Emissions Associated with Stock Returns? Comment	41
Not in my backyard: intrinsic motivation and corporate pollution abatement	39

Political Beta	38
Bear Beta or Speculative Beta?—Reconciling the Evidence on Downside Risk Premium	34
Fresh air eases work—the effect of air quality on individual investor activity	30
Disaster Relief, Inc.: when is corporate philanthropy good or bad for shareholders?	29
The term structure of equity yields—a bottom-up approach	29
Decomposing Long Bond Returns: A Decentralized Theory	28
Debt and taxes: the role of corporate group structure	28
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China	27
Liquidity and the strategic value of information	27
ESG shareholder engagement and downside risk	27
Regulatory Sandboxes and Fintech Funding: Evidence from the UK	27
Correction to: Finance Leases: In the Shadow of Banks	26
Revisiting board independence mandates: Evidence from director reclassifications	25
Momentum, Reversals, and Investor Clientele	25
Hedge funds and the positive idiosyncratic volatility effect	25
Do investors care about biodiversity?	24
Understanding households’ bank bond holdings	21
A “Bad Beta, Good Beta” Anatomy of Currency Risk Premiums and Trading Strategies	21
How Do Options Add Value? Evidence from the Convertible Bond Market	20
A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis	19
Extrapolative income expectations and retirement savings	18
The Term Structure of Short Selling Costs	18
Low Carbon Mutual Funds	18
Private Company Valuations by Mutual Funds	18
Circuit breakers and market runs	18
On the valuation skills of corporate bond mutual funds	17
Macroeconomic News and Stock–Bond Comovement	17
Cross-sectional expected returns: new Fama–MacBeth regressions in the era of machine learning	16
Stock repurchasing bias of mutual funds	16
Introduction: Special Issue on China I	16
Large orders in small markets: execution with endogenous liquidity supply	16
The Variance Risk Premium in Equilibrium Models	16
Passive ownership and short selling	15
Financial Intermediation, Capital Accumulation, and Crisis Recovery	15
Common ownership and creative destruction: evidence from US consumers	15
Determinants of Short-Term Corporate Yield Spreads: Evidence from the Commercial Paper Market	15
When passive funds affect prices: evidence from volatility and commodity ETFs	15
Pricing protest: the response of financial markets to social unrest	15
A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets	14
The green sin: how exchange rate volatility and financial openness affect green premia	14
Save more tomorrow, today: experimental evidence on the role of precommitment, urgency, and personalization	13
Social Networks and Hedge Fund Activism	12
Capital Gains Tax, Venture Capital, and Innovation in Start-Ups	12
Optimal Capital Structure with Stock Market Feedback	12
Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations	12
Market accessibility, bond ETFs, and liquidity	12
Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds	11
Cross-Border Bank Flows and Systemic Risk	11
Asset Prices and Portfolios with Externalities	11
Do sell-side analysts say “buy” while whispering “sell”?	11

Do Anomalies Really Predict Market Returns? New Data and New Evidence	10
Firm financing through insider stock pledges	10
Correction to: Margin constraints and asset prices	10
Paying off the competition: contracting, market power, and innovation incentives	10
Corporate governance, meritocracy, and careers	10
Humans in charge of trading robots: the first experiment	10
Does express delivery run ahead of stock price?	10
Mobile Apps and Financial Decision Making	9
The Term Structure of Equity Risk Premia: Levered Noise and New Estimates	9
Social Media and Financial News Manipulation	9
Yield curve momentum	9
Data versus Collateral	9
Responsible Hedge Funds	9
Capital Regulations and the Management of Credit Commitments during Crisis Times	9
Is one share/one vote optimal?	8
The Coming Rise in Residential Inflation	8
Valuing Data as an Asset	8
Bank regulation, investment, and capital requirements under adverse selection	8
Dual Ownership and Risk-Taking Incentives in Managerial Compensation	7
On the Economic Significance of Stock Return Predictability	7
Does Money Talk? Divestitures and Corporate Environmental and Social Policies	7
Do salient climatic risks affect shareholder voting?	7
Are Carbon Emissions Associated with Stock Returns?—Reply	7
Sustainable Finance	7
Does the level of cash always increase with firm size? Theory and evidence from small firms	7
Cash is king? Understanding financing risk in housing markets	7
Mutual funds’ strategic voting on environmental and social issues	7