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 2021-09-01 to 2025-09-01.)

Article	Citations
Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk	1533
Sources of Value Creation in Private Equity Buyouts of Private Firms	193
The effect of mortgage securitization on asset liquidation decisions	152
Building trust takes time: limits to arbitrage for blockchain-based assets	142
Director Expertise and Corporate Sustainability	141
Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission	140
Climate Change Risk and the Cost of Mortgage Credit	127
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks	115
Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds	107
How Important is Affiliation Between Mutual Funds and Distributors for Fund Flows?	100
Forward Guidance and Corporate Lending	100
Comparing Past and Present Inflation	91
Tick Size Wars: The Market Quality Effects of Pricing Grid Competition	88
The Cryptocurrency Elephant in the Room	85
A disaster explanation of equity term structures	79
Asymmetric Information and Corporate Lending: Evidence from SME Bond Markets	77
Supervisory cooperation and regulatory arbitrage	71
Property rights, political connections, and corporate investment	67
Experience Effects in Finance: Foundations, Applications, and Future Directions	58
Contracting when enforcement is weak: evidence from an audit study	54
Securities financing and asset markets: new evidence	54
Privacy policies and consumer data extraction: evidence from US firms	50
Trust and delegated investing: a Money Doctors experiment	48
Debt Renegotiations Outside Distress	45
Are Carbon Emissions Associated with Stock Returns? Comment	44

Bank presence and health	40
Move a little closer? Information sharing and the spatial clustering of bank branches	40
Not in my backyard: intrinsic motivation and corporate pollution abatement	36
Political Beta	35
Bear Beta or Speculative Beta?—Reconciling the Evidence on Downside Risk Premium	35
Liquidity and the strategic value of information	33
The term structure of equity yields—a bottom-up approach	33
Decomposing Long Bond Returns: A Decentralized Theory	31
Disaster Relief, Inc.: when is corporate philanthropy good or bad for shareholders?	27
Fresh air eases work—the effect of air quality on individual investor activity	26
Debt and taxes: the role of corporate group structure	25
Regulatory Sandboxes and Fintech Funding: Evidence from the UK	23
Uniform Mortgage Regulation and Distortion in Capital Allocation	23
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China	23
ESG shareholder engagement and downside risk	23
Hedge funds and the positive idiosyncratic volatility effect	22
Revisiting board independence mandates: Evidence from director reclassifications	22
Correction to: Finance Leases: In the Shadow of Banks	22
Momentum, Reversals, and Investor Clientele	21
Do investors care about biodiversity?	20
Do Place-Based Policies Promote Local Innovation and Entrepreneurship?*	20
A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis	19
How Do Options Add Value? Evidence from the Convertible Bond Market	19
Understanding households’ bank bond holdings	19
Low Carbon Mutual Funds	18
Circuit breakers and market runs	17
Extrapolative income expectations and retirement savings	17
Macroeconomic News and Stock–Bond Comovement	17
The Term Structure of Short Selling Costs	16
Private Company Valuations by Mutual Funds	15
The Variance Risk Premium in Equilibrium Models	15
Introduction: Special Issue on China I	15
When passive funds affect prices: evidence from volatility and commodity ETFs	14
Cross-sectional expected returns: new Fama–MacBeth regressions in the era of machine learning	14
Special Repo Rates and the Cross-Section of Bond Prices: The Role of the Special Collateral Risk Premium	14
Large orders in small markets: execution with endogenous liquidity supply	14
On the valuation skills of corporate bond mutual funds	14
Financial Intermediation, Capital Accumulation, and Crisis Recovery	14
Stock repurchasing bias of mutual funds	14
Passive ownership and short selling	13
Determinants of Short-Term Corporate Yield Spreads: Evidence from the Commercial Paper Market	13
Common ownership and creative destruction: evidence from US consumers	13
The green sin: how exchange rate volatility and financial openness affect green premia	13
Pricing protest: the response of financial markets to social unrest	12
Save more tomorrow, today: experimental evidence on the role of precommitment, urgency, and personalization	12
A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets	12
Social Networks and Hedge Fund Activism	11
Capital Gains Tax, Venture Capital, and Innovation in Start-Ups	11
Market accessibility, bond ETFs, and liquidity	11
Optimal Capital Structure with Stock Market Feedback	11

Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations	10
Correction to: Margin constraints and asset prices	10
Do sell-side analysts say “buy” while whispering “sell”?	10
Does express delivery run ahead of stock price?	10
Asset Prices and Portfolios with Externalities	10
Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds	10
Cross-Border Bank Flows and Systemic Risk	10
Search-Based Peer Groups and Commonality in Liquidity	9
Corporate governance, meritocracy, and careers	9
Social Media and Financial News Manipulation	8
Firm financing through insider stock pledges	8
Humans in charge of trading robots: the first experiment	8
Do Anomalies Really Predict Market Returns? New Data and New Evidence	7
Mobile Apps and Financial Decision Making	7
Valuing Data as an Asset	7
Responsible Hedge Funds	7
Paying off the competition: contracting, market power, and innovation incentives	7
Capital Regulations and the Management of Credit Commitments during Crisis Times	7
Data versus Collateral	7
The Term Structure of Equity Risk Premia: Levered Noise and New Estimates	7
Do salient climatic risks affect shareholder voting?	6
Yield curve momentum	6
Sustainable Finance	6
On the Economic Significance of Stock Return Predictability	6
The Coming Rise in Residential Inflation	6
Bank regulation, investment, and capital requirements under adverse selection	6
Are Carbon Emissions Associated with Stock Returns?—Reply	6
Dual Ownership and Risk-Taking Incentives in Managerial Compensation	6
Is one share/one vote optimal?	6
Does the level of cash always increase with firm size? Theory and evidence from small firms	6
Mutual funds’ strategic voting on environmental and social issues	6
The TIPS Liquidity Premium	6
Cash is king? Understanding financing risk in housing markets	6