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 2022-06-01 to 2026-06-01.)

Article	Citations
The effect of mortgage securitization on asset liquidation decisions	308
Director Expertise and Corporate Sustainability	271
Building trust takes time: limits to arbitrage for blockchain-based assets	209
Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk	203
Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds	163
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks	147
The cryptocurrency elephant in the room	142
A disaster explanation of equity term structures	140
Comparing Past and Present Inflation	132
Asymmetric Information and Corporate Lending: Evidence from SME Bond Markets	100
Supervisory cooperation and regulatory arbitrage	82
Property rights, political connections, and corporate investment	71
Move a little closer? Information sharing and the spatial clustering of bank branches	63
Securities financing and asset markets: new evidence	62
Privacy policies and consumer data extraction: evidence from US firms	58
Bank presence and health	50
Debt Renegotiations Outside Distress	48
Trust and delegated investing: a Money Doctors experiment	46
Contracting when enforcement is weak: evidence from an audit study	46
Not in my backyard: intrinsic motivation and corporate pollution abatement	43
Are Carbon Emissions Associated with Stock Returns? Comment	43
Fresh air eases work—the effect of air quality on individual investor activity	38
Decomposing Long Bond Returns: A Decentralized Theory	36
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China	36
The term structure of equity yields—a bottom-up approach	34

Liquidity and the strategic value of information	32
Debt and taxes: the role of corporate group structure	31
Regulatory Sandboxes and Fintech Funding: Evidence from the UK	31
ESG shareholder engagement and downside risk	30
Disaster Relief, Inc.: when is corporate philanthropy good or bad for shareholders?	30
Do investors care about biodiversity?	25
Revisiting board independence mandates: Evidence from director reclassifications	25
Hedge funds and the positive idiosyncratic volatility effect	25
A “Bad Beta, Good Beta” Anatomy of Currency Risk Premiums and Trading Strategies	24
A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis	21
Understanding households’ bank bond holdings	21
Low Carbon Mutual Funds	19
Personal financial advice and portfolio quality	19
Macroeconomic News and Stock–Bond Comovement	19
Extrapolative income expectations and retirement savings	18
The Variance Risk Premium in Equilibrium Models	18
Circuit breakers and market runs	18
The Term Structure of Short Selling Costs	18
On the valuation skills of corporate bond mutual funds	17
Stock repurchasing bias of mutual funds	17
Cross-sectional expected returns: new Fama–MacBeth regressions in the era of machine learning	17
The green sin: how exchange rate volatility and financial openness affect green premia	16
Pricing protest: the response of financial markets to social unrest	16
Large orders in small markets: execution with endogenous liquidity supply	15
When passive funds affect prices: evidence from volatility and commodity ETFs	15
Cybersecurity and financial stability	14
Financial Intermediation, Capital Accumulation, and Crisis Recovery	14
Passive ownership and short selling	14
A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets	14
Common ownership and creative destruction: evidence from US consumers	13
Save more tomorrow, today: experimental evidence on the role of precommitment, urgency, and personalization	13
Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations	13
Market accessibility, bond ETFs, and liquidity	13
Capital Gains Tax, Venture Capital, and Innovation in Start-Ups	13
Cross-Border Bank Flows and Systemic Risk	12
Asset Prices and Portfolios with Externalities	12
Optimal Capital Structure with Stock Market Feedback	12
Correction to: Margin constraints and asset prices	11
Corporate governance, meritocracy, and careers	11
Does express delivery run ahead of stock price?	11
Firm financing through insider stock pledges	11
Humans in charge of trading robots: the first experiment	11
Do sell-side analysts say “buy” while whispering “sell”?	11
Mobile Apps and Financial Decision Making	10
Trading ahead of barbarians’ arrival at the gate: insider trading on noninside information	10
Social Media and Financial News Manipulation	10
Do Anomalies Really Predict Market Returns? New Data and New Evidence	10
Paying off the competition: contracting, market power, and innovation incentives	10
Yield curve momentum	9
The Term Structure of Equity Risk Premia: Levered Noise and New Estimates	9

Behavioral messages and debt repayment	9
Capital Regulations and the Management of Credit Commitments during Crisis Times	9
Side effects of separating retail and investment banking: Evidence from the United Kingdom	9
Valuing Data as an Asset	8
Does the level of cash always increase with firm size? Theory and evidence from small firms	7
Is one share/one vote optimal?	7
Cash is king? Understanding financing risk in housing markets	7
Bank regulation, investment, and capital requirements under adverse selection	7
Do salient climatic risks affect shareholder voting?	7
Dual Ownership and Risk-Taking Incentives in Managerial Compensation	7
The Coming Rise in Residential Inflation	7
Leasing as a Mitigation of Financial Accelerator Effects	6
Strategic borrowing from passive investors	6
Non-compete agreements and labor allocation across product markets	6
Credit ratings: strategic issuer disclosure and optimal screening	6
Does Socially Responsible Investing Change Firm Behavior?	6
Sustainable Finance	6
Are Carbon Emissions Associated with Stock Returns?—Reply	6
Escaping Air Pollution: Immigrants, Students, and Spillover Effects on Property Prices Abroad	6
Mutual funds’ strategic voting on environmental and social issues	6
A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion	6