OOIR: Observatory of International Research

Papers

(The median citation count of Review of Finance is 6. 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 2021-11-01 to 2025-11-01.)

Article	Citations
Director Expertise and Corporate Sustainability	1726
Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk	221
The effect of mortgage securitization on asset liquidation decisions	175
Climate Change Risk and the Cost of Mortgage Credit	157
Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission	157
Building trust takes time: limits to arbitrage for blockchain-based assets	151
Sources of Value Creation in Private Equity Buyouts of Private Firms	126
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks	125
Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds	115
How Important is Affiliation Between Mutual Funds and Distributors for Fund Flows?	108
A disaster explanation of equity term structures	103
Comparing Past and Present Inflation	96
The cryptocurrency elephant in the room	93
Supervisory cooperation and regulatory arbitrage	91
Tick Size Wars: The Market Quality Effects of Pricing Grid Competition	73
Property rights, political connections, and corporate investment	69
Asymmetric Information and Corporate Lending: Evidence from SME Bond Markets	69
Debt Renegotiations Outside Distress	64
Securities financing and asset markets: new evidence	58
Privacy policies and consumer data extraction: evidence from US firms	53
Trust and delegated investing: a Money Doctors experiment	53
Move a little closer? Information sharing and the spatial clustering of bank branches	53
Contracting when enforcement is weak: evidence from an audit study	49
Bank presence and health	45
Are Carbon Emissions Associated with Stock Returns? Comment	42

Not in my backyard: intrinsic motivation and corporate pollution abatement	40
Bear Beta or Speculative Beta?—Reconciling the Evidence on Downside Risk Premium	39
Political Beta	38
Debt and taxes: the role of corporate group structure	37
Regulatory Sandboxes and Fintech Funding: Evidence from the UK	37
Fresh air eases work—the effect of air quality on individual investor activity	36
The term structure of equity yields—a bottom-up approach	29
Disaster Relief, Inc.: when is corporate philanthropy good or bad for shareholders?	28
Decomposing Long Bond Returns: A Decentralized Theory	25
Liquidity and the strategic value of information	25
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China	25
Revisiting board independence mandates: Evidence from director reclassifications	24
ESG shareholder engagement and downside risk	24
Correction to: Finance Leases: In the Shadow of Banks	24
Do investors care about biodiversity?	23
Momentum, Reversals, and Investor Clientele	23
Hedge funds and the positive idiosyncratic volatility effect	23
Understanding households’ bank bond holdings	22
How Do Options Add Value? Evidence from the Convertible Bond Market	22
A “Bad Beta, Good Beta” Anatomy of Currency Risk Premiums and Trading Strategies	22
A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis	21
Low Carbon Mutual Funds	20
Extrapolative income expectations and retirement savings	20
The Term Structure of Short Selling Costs	20
Circuit breakers and market runs	19
Private Company Valuations by Mutual Funds	17
Macroeconomic News and Stock–Bond Comovement	17
On the valuation skills of corporate bond mutual funds	16
The Variance Risk Premium in Equilibrium Models	16
Stock repurchasing bias of mutual funds	16
Cross-sectional expected returns: new Fama–MacBeth regressions in the era of machine learning	16
Introduction: Special Issue on China I	16
Large orders in small markets: execution with endogenous liquidity supply	15
A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets	15
Financial Intermediation, Capital Accumulation, and Crisis Recovery	15
When passive funds affect prices: evidence from volatility and commodity ETFs	15
Common ownership and creative destruction: evidence from US consumers	15
Determinants of Short-Term Corporate Yield Spreads: Evidence from the Commercial Paper Market	14
Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations	14
Market accessibility, bond ETFs, and liquidity	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	14
Optimal Capital Structure with Stock Market Feedback	14
Pricing protest: the response of financial markets to social unrest	14
Passive ownership and short selling	14
Capital Gains Tax, Venture Capital, and Innovation in Start-Ups	14
Social Networks and Hedge Fund Activism	13
Asset Prices and Portfolios with Externalities	12
Do sell-side analysts say “buy” while whispering “sell”?	12
Cross-Border Bank Flows and Systemic Risk	12

Does express delivery run ahead of stock price?	12
Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds	12
Search-Based Peer Groups and Commonality in Liquidity	11
Corporate governance, meritocracy, and careers	10
Correction to: Margin constraints and asset prices	10
Humans in charge of trading robots: the first experiment	10
Paying off the competition: contracting, market power, and innovation incentives	9
Firm financing through insider stock pledges	9
Social Media and Financial News Manipulation	9
Data versus Collateral	9
Do Anomalies Really Predict Market Returns? New Data and New Evidence	9
Mobile Apps and Financial Decision Making	9
Responsible Hedge Funds	9
Capital Regulations and the Management of Credit Commitments during Crisis Times	9
The Term Structure of Equity Risk Premia: Levered Noise and New Estimates	8
Yield curve momentum	8
Bank regulation, investment, and capital requirements under adverse selection	8
Valuing Data as an Asset	8
Is one share/one vote optimal?	8
Do salient climatic risks affect shareholder voting?	7
Does the level of cash always increase with firm size? Theory and evidence from small firms	7
The Coming Rise in Residential Inflation	7
On the Economic Significance of Stock Return Predictability	7
Cash is king? Understanding financing risk in housing markets	7
Mutual funds’ strategic voting on environmental and social issues	7
Are Carbon Emissions Associated with Stock Returns?—Reply	7
Dual Ownership and Risk-Taking Incentives in Managerial Compensation	6
Dissemination, Publication, and Impact of Finance Research: When Novelty Meets Conventionality	6
Moneyness, Underlying Asset Volatility, and the Cross-Section of Option Returns	6
Sustainable Finance	6
Credit ratings: strategic issuer disclosure and optimal screening	6
Language and Domain Specificity: A Chinese Financial Sentiment Dictionary	6
Economic Policy Uncertainty and the Yield Curve	6
Does Money Talk? Divestitures and Corporate Environmental and Social Policies	6
Does Socially Responsible Investing Change Firm Behavior?	6
A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion	6