Research in International Business and Finance

Article	Citations
Internal control opinion shopping: Does initial audit fee discounting matter?	298
Analyst optimism and market sentiment: Evidence from European corporate sustainability reporters	228
Controlling shareholder’s escape threat: Foreign residency rights and stock price crash risk	197
Emerging market multinationals’ pursuit of strategic assets through cross-border acquisitions	142
Perceived vs actual financial crisis and bank credit standards: Is there any indication of self-fulfilling prophecy?	135
Factorial asset pricing models using statistical anomalies	110
Asset encumbrance in banks: Is systemic risk affected?	107
The logics of sovereign credit ratings in developed and developing countries	107
Related party lending and rural bank risk: Evidence during the Covid-19 period	98
Does market microstructure affect time-varying efficiency? Evidence from emerging markets	96
Navigating sustainable finance: Examining the impact of sustainable credit policy on energy consumption intensity	94
Quantile connectedness between Chinese stock and commodity futures markets	93
Are real interest rates a monetary phenomenon? Evidence from 700 years of data	93
COVID-19, a blessing in disguise for the Tech sector: Evidence from stock price crash risk	92
Corporate governance, fraud learning cycles, and financial fraud detection: Evidence from Chinese listed firms	89
Can non-punitive regulation curb corporate greenwashing?Evidence from a word embedding model	88
The effects of portfolio rebalancing strategies on the performance of global mutual funds	87
Performance of ESG-integrated smart beta strategies in Asia-Pacific stock markets	85
Accounting for digital currencies	81
Credit risk prediction based on loan profit: Evidence from Chinese SMEs	78
Existence of long memory in crude oil and petroleum products: Generalised Hurst exponent approach	77
Vulnerability of financial markets in India: The contagious effect of COVID-19	75
Impact of the Covid-19 induced panic on the Environmental, Social and Governance leaders equity volatility: A time-frequency analysis	75
Has FinTech changed the sensitivity of corporate investment to interest rates?—Evidence from China	74
Monetary policy and currency variance risk premia	74

Understanding the impact of the financial technology revolution on systemic risk: Evidence from US and EU diversified financials	73
Global economic uncertainty and the Chinese stock market: Assessing the impacts of global indicators	73
Extreme return connectedness among renewable energy and rare earth markets: The role of global factors	71
Family firms and the cost of borrowing: empirical evidence from East Asia	71
Impact of corporate philanthropy on firm performance: The moderating role of board structure	70
Are institutional investors effective monitors in a country where closely held firms predominate? Insights from agency problem-driven dividend payouts	68
EU-27 bank failure prediction with C5.0 decision trees and deep learning neural networks	67
Unpacking energy consumption in China's urbanization: Industry development, population growth, and spatial expansion	67
Traders’ motivation and hedging pressure in commodity futures markets	67
ESG reputational risk and market valuation: Evidence from the European banking industry	65
Asymmetric dynamics between geopolitical conflict sentiment and cryptomarkets	63
Artificial intelligence, digital transformation and cybersecurity in the banking sector: A multi-stakeholder cognition-driven framework	62
ESG leaders and crypto currency market: Asymmetric TVP-VAR connectedness and investment approaches	61
Connectedness and systemic risk between FinTech and traditional financial stocks: Implications for portfolio diversification	61
Editorial Board	60
Sports failures and stock returns between rationality and emotionality: Evidence from the UEFA Champions League	58
Market response to environmental social and governance performance: A global analysis	56
Guarantee requirements by European central counterparties and international volatility spillovers	56
Market competition and strategic interaction in the Spanish FinTech industry	56
Why do entrepreneurial firms switch lead venture capital? A double-sided matching perspective	55
Revisiting asset co-movement: Does network topology really matter?	55
The effect of the 2008–09 short selling sales ban on UK security equities in relation to market metrics of volatility, liquidity, and price discovery	54
Identifying the asymmetric price dynamics of Islamic equities: Implications for international investors	52
The takeover Tango: Unraveling the impact of state-owned enterprise acquisitions on American competitors	52
Bank equity returns and oil prices: The story from U.S. regional banks during the “shale oil” revolution	52
Global Stock Markets during Covid-19: Did Rationality Prevail?	52
Are stock markets efficient with respect to the Google search volume index? A robustness check of the literature studies	50
Do investors listen? Exploring the effect of investor relationship management on firm-specific stock return variation	50
A sparsity algorithm for finding optimal counterfactual explanations: Application to corporate credit rating	49
Analysing and forecasting co-movement between innovative and traditional financial assets based on complex network and machine learning	49
Institutional investors, heterogeneity, and capital structure decisions: Evidence from an emerging market	48
Can CFOs improve enterprise loan bargaining power? An empirical analysis based on CFO characteristics	47
Financial inclusion, digital technology, and economic growth: Further evidence	47
Volatility transmission in the property market during two inflationary periods: The 2008–2009 global financial crisis and the COVID-19 crisis	47
Does common ownership affect stock price synchronicity?	47
How do Chinese urban investment bonds affect its economic resilience? Evidence from double machine learning	46
Political uncertainty, innovation-driven strategy, and corporate R&D	46
Central Bank Digital Currencies: Agendas for future research	46
Precious metals and currency markets during the Russia-Ukraine conflict’s inflationary periods	46
Top executives’ great famine experience and stock price crash risk	46
Does Confucian culture affect shadow banking activities? Evidence from Chinese listed companies	46
The digital economy and entrepreneurial dynamics: An empirical analysis of urban regions in China	46
How does climate risk affect corporate financialization?	45
Dynamic risk and hedging strategies in post-COVID digital asset sectors	45
The effects of regulatory mechanism on enterprise carbon reduction policies	45
Effect of twitter investor engagement on cryptocurrencies during the COVID-19 pandemic	44
Are base layer blockchains establishing a new sector? Evidence from a connectedness approach	44
Corporate social responsibility and dynamic liquidity management	44
Imported financial risk in global stock markets: Evidence from the interconnected network	43
Futures markets and the baltic dry index: A prediction study based on deep learning	43

Genetic distance and cross-border M&A completion: Evidence from Chinese firms	43
Demographic structure and SME credit availability: Rethinking SME finance amid unprecedented demographic transformations	43
The impact of green public finance and green taxes on environmental and non-environmental innovation	43
Interconnectedness in the FOREX market during the high inflation regime: A network analysis	42
Combination of antecedent conditions affecting the development of Chinese new energy market based on fuzzy sets	42
What determines interest rates for bitcoin lending?	41
Mutual fund herding and audit pricing	40
Sequential management of energy and low-carbon portfolios	40
Editorial Board	40
Network structure, dynamic evolution and block characteristics of sovereign debt risk: The global evidence	40
Female political leaders and R&D investment	39
Earnings management and internal governance mechanisms: The role of religiosity	39
Decentralized autonomous organizations: The new global digital venture capital	39
Linkage dynamics of sovereign credit risk and financial markets: A bibliometric analysis	39
Towards the estimation of ESG ratings: A machine learning approach using balance sheet ratios	39
Digital transformation and trade credit provision: Evidence from China	38
Institutional investor information network, analyst forecasting and stock price crash risk	38
Synthetic data generation with deep generative models to enhance predictive tasks in trading strategies	38
Impact of COVID-19 on stock market efficiency: Evidence from developed countries	37
CEO narcissism and ESG misconduct	37
How can firms' transition to a low-carbon economy affect the distance to default?	37
The voice of minority shareholders: Online voting and corporate social responsibility	37
Banking sector reactions to COVID-19: The role of bank-specific factors and government policy responses	36
China’s secondary privatization and corporate investment efficiency	36
An evolutionary analysis of the diffusion of low-carbon technology innovation in supply networks	36
Firms’ perceived trade policy uncertainty and management’s disclosure strategies: Evidence from financial statement comparability	36
Payout policy and ESG: A European investigation	35
Is gold still a safe haven for stock markets? New insights through the tail thickness of portfolio return distributions	35
Share pledging of controlling shareholders and corporate social responsibility disclosure	34
The impact of environmental protection fee-to-tax reform on differentiated environmental management behavior of firms	34
Does Supply Chain Finance (SCF) alleviate funding constraints of SMEs? Evidence from China	34
Peer effects in corporate advertisement expenditure: Evidence from China	34
Does data asset disclosure contribute to the market efficiency? Evidence from China	34
Day-night anomaly returns in China: The role of institutions	34
Five decades of research on capital budgeting – A systematic review and future research agenda	34
The impact of economic uncertainty on corporate ESG performance: Global evidence	34
Intrafirm inventor network integration and cross-sectional stock returns	33
Entrepreneurship in the Digital Era	33
Registration reform and stock mispricing: Causal inference based on double machine learning	33
The intraday dynamics and intraday price discovery of bitcoin	32
Is soft information substitutive or complementary to hard news for investor attention? Evidence from corporate advertising in Japan	32
Product line transformation, foreign sales, and firm value: Evidence from COVID-19 pandemic governance in urban China	32
How do women directors ensure corporate ethics? The role of board tenure	32
Effects of family ownership and family management on the performance of entrepreneurial firms	32
Portfolio insurance strategy in the cryptocurrency market	32
Does digital finance aggravate bank competition? Evidence from China	32
A Support Vector Machine model for classification of efficiency: An application to M&A	32
Firm-level political risk and CEO compensation	32
Does firm environmental performance mitigate the market reaction to COVID-19 uncertainty?	32
Uncovering patterns of fintech behavior in Italian banks: A multidimensional statistical analysis	32
How do FinTech companies contribute to the achievement of SDGs? Insights from case studies	31
Local government debt and firm productivity: Evidence from China	31
The geographic distance of independent directors and stock price crash risk: Evidence from China	31
Volatility spillover between economic sectors in financial crisis prediction: Evidence spanning the great financial crisis and Covid-19 pandemic	31
Weathering the COVID-19 storm: The case of community banks	31
Decomposition of social networks and household purchase of insurance as knowledge products	31
Is oil risk important for commodity-related currency returns?	31
Climate risk and banking stability in China: A dynamic analysis from the short- and long-term perspectives	30
The performance of green bond portfolios under climate uncertainty: A comparative analysis with conventional and black bond portfolios	30
The dichotomy of inclusiveness and vulnerability as a consequence of banking platform development	30
Influence of share pledging on corporate social responsibility: Evidence from India	30
Does utilizing smart contracts induce a financial connectedness between Ethereum and non-fungible tokens?	30
Market-based environmental regulations and green innovation: Evidence from the pilot carbon markets in China	30
Corporate bond defaults and spillover effects on bank risk: Evidence from city commercial banks in China	30
How does intellectual property protection in the host country affect outward foreign direct investment?	29
Internationalization and donations allocated to domestic market: Evidence from emerging market SMEs	29
Exploring the nexus between sustainable energy tokens, electric vehicles, and the hydrogen economy	29
Infectious disease equity market volatility, geopolitical risk, speculation, and commodity returns: Comparative analysis of five epidemic outbreaks	29
Reporting quality and financial leverage: Are qualitative characteristics or earnings quality more important? Evidence from an emerging bank-based economy	29
Price limits, investor asset allocation, and price volatility: Evidence from China’s registration-based IPO reform	29
The impact of personality traits on attitude to financial risk	29
Overconfident male CEOs and corporate outcomes: The moderating role of female CFOs	29
Unleashing stock volatility and its implications for stock crash risk: Evidence from China’s price limit policies	29
Environmental stocks, CEO health risk and COVID-19	29
Multilayer network analysis of investor sentiment and stock returns	28
Do conventional and new energy stock markets herd differently? Evidence from China	28
Does ESG information disclosure increase firm value? The mediation role of financing constraints in China	28
The historic oil price fluctuation during the Covid-19 pandemic: What are the causes?	28
A tale of two revolutions: Environmental, social, and governance performance and dividend policy in Egyptian-listed companies during unstable times	28
Asymmetry in returns and volatility between green financial assets, sustainable investments, clean energy, and international stock markets	27

Mutual fund flows and returns dynamics: Investor preferences and performance persistence	27
Corporate ESG performance and credit misallocation: Evidence from China	27
Changes in supply chain relationships and the enterprise internationalization process	27
How does macroeconomic uncertainty influence energy futures?: Evidence from extraordinary events	27
Web search volume acceleration and cross-sectional returns	26
The influence of institutional void and socio-cultural factors on the internationalization of emerging multinationals	26
Harnessing digital finance for sustainability: An integrative review and research agenda	26
How do industry tournament incentives affect firm debt maturity?	26
The importance of owner loans for rebalancing the capital structure of small knowledge-intensive service firms	26
Banks’ interconnections and peer effects: Evidence from Chile	26
Zero-leverage and firm performance – Evidence from Taiwan	26
Forecasting aggregate stock market volatility with industry volatilities: The role of spillover index	26
ESG reactions to fintech: The role of cross-border capital flows	25
Interpretable selective learning in credit risk	25
Impact of environmental, social and governance initiatives on firm value: Analysis using AI-based ESG scores for Japanese listed firms	25
Digital payments and GDP growth: A behavioural quantitative analysis	25
Resolving agency and product market views of cash holdings	25
Dancing with dragon: The RMB and developing economies’ currencies	25
The impact of debt: International versus local debt in microfinance organizations	25
Social trust and the demand for audit quality	25
ESG disclosure and investment-financing maturity mismatch: Evidence from China	25
Chinese jigsaw: Solving the equity market response to the COVID-19 crisis: Do alternative asset provide effective hedging performance?	25
Financial inclusion and income inequality in developing countries: The role of aging populations	25
Debt Issues around Mergers & Acquisitions	25
Information spillover features in global financial markets: A systematic analysis	25
Strategic fit of potential M&As between dual banks and conventional banks: Does Islamic banking matter?	25
Three channels of monetary policy international transmission: Identifying spillover effects from the US to China	25
Redefining insurance through technology: Achievements and perspectives in Insurtech	24
Dynamic interlinkages between carbon risk and volatility of green and renewable energy: A TVP-VAR analysis	24
Global trends and insights into cryptocurrency-related financial crime	24
The impact of environmental, social, and governance (ESG) practices on investment efficiency in China: Does digital transformation matter?	24
Uncertainty or investor attention: Which has more impact on Bitcoin volatility?	24
Large scale mean-variance strategies in the U.S. stock market	24
Does passive ownership affect corporate governance? Evidence from the Bank of Japan’s ETF purchasing program	24
“Volatility in a Mug Cup”: Spillovers among cocoa, coffee, sugar futures and the role of climate policy risk	24
Forecasting gold volatility with geopolitical risk indices	24
Potential diversification benefits: A comparative study of Islamic and conventional stock market indexes	24
Artificial intelligence and green innovation: Investigating the effects of executive pay and firm age	24
The heterogeneity of innovation, government R&D support and enterprise innovation performance	23
When stock price crash risk meets fundamentals	23
The effect of downstream expansion on upstream employment: Quasi-natural experimental evidence from China’s Accelerated Depreciation Policy	23
Measuring the evolution of competition and the impact of the financial reform in the Mexican banking sector, 2008–2019	23
Editorial Board	23
An asymmetrical approach to understanding consumer characteristics in banking trust during the COVID-19 pandemic in Italy	23
Price effects after one-day abnormal returns and crises in the stock markets	23
Retail investors matter: The value of corporate interactions	22
Corporate misconduct and innovation: Evidence from the pharmaceutical industry	22
Institutional context as a moderator of the relationship between board structure and acquirer returns	22
Network centrality, style drift, and mutual fund performance	22
Determinants of credit spreads and cash flow-related lending in commercial real estate	22
An empirical study on the regulated Chinese agricultural commodity futures market based on skew Ornstein-Uhlenbeck model	22
Signaling vs. agency theory: What drives dividends of promoter-owned firms during a crisis?	22
Policy uncertainty and overseas property purchases: Evidence from China	22
Free riding or participation in governance: Minority shareholders’ online voting and corporate responsiveness	22
The audit committee’s IT expertise and its impact on the disclosure of cybersecurity risk	21
Estimating time-varying factors’ variance in the string-term structure model with stochastic volatility	21
Product market competition and stock price crash risk: Exploring the role of managerial ownership	21
Finance and sales growth at the firms level in Iran: Does type of spending matter?	21
Policy uncertainty, the use of derivatives: Evidence from U.S. bank holdingcompanies (BHCs)	21
Can investors’ informed trading predict cryptocurrency returns? Evidence from machine learning	21
Anatomy of money-losing IPOs	21
The impact of digital transformation on the servitization transformation of manufacturing firms	21
Anticipatory gains and event-driven losses in blockchain-based fan tokens: Evidence from the FIFA World Cup	21
Can a self-exciting jump structure better capture the jump behavior of cryptocurrencies? A comparative analysis with the S&P 500	20
How does international capital flows drive green technological innovation in emerging and developed markets?	20
The dichotomy of corporate litigation risk in shaping ESG disclosure: Does green innovation matter?	20
Economic policy uncertainty, institutional environments, and corporate cash holdings	20
Shadow banking, macroprudential policy and banks’ systemic risk	20
Does economic policy uncertainty affect cryptocurrency markets? Evidence from Twitter-based uncertainty measures	20
The impact of economic policy uncertainty and digital integration on ESG practices in European companies	20
The impact of FinTech innovation on digital financial literacy in Europe: Insights from the banking industry	20
Culture, financial literacy, and leverage of small firms	20
Too big to fail: The aftermath of Silicon Valley Bank (SVB) collapse and its impact on financial markets	20
How well do investor sentiment and ensemble learning predict Bitcoin prices?	19
Capture the contagion network of bitcoin – Evidence from pre and mid COVID-19	19
Research on the accelerating effect of green finance on the transformation of energy consumption in China	19
Sustainable finance and blockchain: A systematic review and research agenda	19
The development fit index of digital currency electronic payment between China and the one belt one road countries	19
Does global climate risk encourage companies to take more risks?	19
Hedging climate risk: The role of green energy exchange-traded funds	19
Does the porter hypothesis work well in the emission trading schema pilot? Exploring moderating effects of institutional settings	19
Mergers and acquisitions in the financial industry: A bibliometric review and future research directions	19
The determinants of issuing central bank digital currencies	19
Towards more inclusive finance: Exploring the mystery of low carbon green technological innovation	19
Integration of investor behavioral perspective and climate change in reinforcement learning for portfolio optimization	18
How macroprudential regulation and board effectiveness interact to shape bank risk-taking behavior	18
Does market efficiency matter for Shanghai 50 ETF index options?	18
How robust are financial connectedness networks? A network attack assessment	18
The COVID-19 pandemic and feedback trading dynamics: Unveiling global patterns	18
Making sense and transparency in finance literature: Evidence from trends in readability	18
Editorial Board	18
Common institutional ownership and executive pay-performance sensitivity: Mediating role of information transparency and fund occupation	18
Too sunny to borrow: Sunshine and borrower discouragement	18
Does market quality benefit from internationalization? Evidence from Chinese commodity futures markets	18
Readability and banks’ risk-taking behavior: Evidence from GCC	18