OOIR: Observatory of International Research

Papers

(The median citation count of Review of Finance is 5. 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 2021-05-01 to 2025-05-01.)

Article	Citations
Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk	1228
Sources of Value Creation in Private Equity Buyouts of Private Firms	144
Director Expertise and Corporate Sustainability	119
Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission	116
Building trust takes time: limits to arbitrage for blockchain-based assets	116
Climate Change Risk and the Cost of Mortgage Credit	114
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks	99
Forward Guidance and Corporate Lending	97
Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds	88
How Important is Affiliation Between Mutual Funds and Distributors for Fund Flows?	88
Property rights, political connections, and corporate investment	80
Supervisory cooperation and regulatory arbitrage	73
Experience Effects in Finance: Foundations, Applications, and Future Directions	70
Tick Size Wars: The Market Quality Effects of Pricing Grid Competition	66
Asymmetric Information and Corporate Lending: Evidence from SME Bond Markets	65
Comparing Past and Present Inflation	65
Debt Renegotiations Outside Distress	63
Securities financing and asset markets: new evidence	62
Contracting when enforcement is weak: evidence from an audit study	62
Trust and delegated investing: a Money Doctors experiment	60
Are Carbon Emissions Associated with Stock Returns? Comment	55
Move a little closer? Information sharing and the spatial clustering of bank branches	54
The Costs and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool	49
Not in my backyard: intrinsic motivation and corporate pollution abatement	48
Bear Beta or Speculative Beta?—Reconciling the Evidence on Downside Risk Premium	43

Political Beta	42
Disaster Relief, Inc.: when is corporate philanthropy good or bad for shareholders?	37
The term structure of equity yields—a bottom-up approach	37
Liquidity and the strategic value of information	36
Debt and taxes: the role of corporate group structure	35
Decomposing Long Bond Returns: A Decentralized Theory	33
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China	30
Fresh air eases work—the effect of air quality on individual investor activity	30
Regulatory Sandboxes and Fintech Funding: Evidence from the UK	29
ESG shareholder engagement and downside risk	27
Uniform Mortgage Regulation and Distortion in Capital Allocation	26
Correction to: Finance Leases: In the Shadow of Banks	25
Hedge funds and the positive idiosyncratic volatility effect	24
Momentum, Reversals, and Investor Clientele	23
Do investors care about biodiversity?	22
Revisiting board independence mandates: Evidence from director reclassifications	22
Do Place-Based Policies Promote Local Innovation and Entrepreneurship?*	20
Understanding households’ bank bond holdings	19
A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis	19
Macroeconomic News and Stock–Bond Comovement	18
Low Carbon Mutual Funds	18
How Do Options Add Value? Evidence from the Convertible Bond Market	18
The Term Structure of Short Selling Costs	17
Extrapolative income expectations and retirement savings	16
Private Company Valuations by Mutual Funds	16
Circuit breakers and market runs	16
Introduction: Special Issue on China I	15
The Variance Risk Premium in Equilibrium Models	15
Stock repurchasing bias of mutual funds	15
Special Repo Rates and the Cross-Section of Bond Prices: The Role of the Special Collateral Risk Premium	14
Financial Intermediation, Capital Accumulation, and Crisis Recovery	14
Cross-sectional expected returns: new Fama–MacBeth regressions in the era of machine learning	14
On the valuation skills of corporate bond mutual funds	14
The green sin: how exchange rate volatility and financial openness affect green premia	13
A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets	13
Determinants of Short-Term Corporate Yield Spreads: Evidence from the Commercial Paper Market	13
Large orders in small markets: execution with endogenous liquidity supply	13
Common ownership and creative destruction: evidence from US consumers	12
When passive funds affect prices: evidence from volatility and commodity ETFs	12
Pricing protest: the response of financial markets to social unrest	12
Passive ownership and short selling	12
Market accessibility, bond ETFs, and liquidity	11
Optimal Capital Structure with Stock Market Feedback	11
Capital Gains Tax, Venture Capital, and Innovation in Start-Ups	11
Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds	10
Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations	10
Do sell-side analysts say “buy” while whispering “sell”?	10
Cross-Border Bank Flows and Systemic Risk	10
Social Networks and Hedge Fund Activism	10
Correction to: Margin constraints and asset prices	9

Asset Prices and Portfolios with Externalities	9
Does express delivery run ahead of stock price?	9
Do Anomalies Really Predict Market Returns? New Data and New Evidence	8
Corporate governance, meritocracy, and careers	8
Responsible Hedge Funds	8
Social Media and Financial News Manipulation	8
Search-Based Peer Groups and Commonality in Liquidity	8
Firm financing through insider stock pledges	8
Data versus Collateral	8
Humans in charge of trading robots: the first experiment	8
Mobile Apps and Financial Decision Making	8
The Term Structure of Equity Risk Premia: Levered Noise and New Estimates	7
Bank regulation, investment, and capital requirements under adverse selection	7
Cash is king? Understanding financing risk in housing markets	7
Do salient climatic risks affect shareholder voting?	7
Yield curve momentum	7
Valuing Data as an Asset	7
The Coming Rise in Residential Inflation	7
Capital Regulations and the Management of Credit Commitments during Crisis Times	7
Trading Volume and Time Varying Betas	7
Is one share/one vote optimal?	7
Does the level of cash always increase with firm size? Theory and evidence from small firms	7
On the Economic Significance of Stock Return Predictability	6
Does Money Talk? Divestitures and Corporate Environmental and Social Policies	6
Are Carbon Emissions Associated with Stock Returns?—Reply	6
Mutual funds’ strategic voting on environmental and social issues	6
Dual Ownership and Risk-Taking Incentives in Managerial Compensation	6
The TIPS Liquidity Premium	6
Credit ratings: strategic issuer disclosure and optimal screening	5
Language and Domain Specificity: A Chinese Financial Sentiment Dictionary	5
The start matters: time-varying investor demand, hedge fund inceptions, and performance	5
Economic Policy Uncertainty and the Yield Curve	5
Moneyness, Underlying Asset Volatility, and the Cross-Section of Option Returns	5
A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion	5
Leasing as a Mitigation of Financial Accelerator Effects	5
Sustainable Finance	5
Dissemination, Publication, and Impact of Finance Research: When Novelty Meets Conventionality	5
Does Socially Responsible Investing Change Firm Behavior?	5
Escaping Air Pollution: Immigrants, Students, and Spillover Effects on Property Prices Abroad	5