Research in International Business and Finance

Article	Citations
The effects of portfolio rebalancing strategies on the performance of global mutual funds	457
Analyst optimism and market sentiment: Evidence from European corporate sustainability reporters	347
Extreme return connectedness among renewable energy and rare earth markets: The role of global factors	189
Editorial Board	188
Are real interest rates a monetary phenomenon? Evidence from 700 years of data	160
Related party lending and rural bank risk: Evidence during the Covid-19 period	158
Monetary policy and currency variance risk premia	149
The logics of sovereign credit ratings in developed and developing countries	143
Can non-punitive regulation curb corporate greenwashing?Evidence from a word embedding model	134
Unpacking energy consumption in China's urbanization: Industry development, population growth, and spatial expansion	133
Has FinTech changed the sensitivity of corporate investment to interest rates?—Evidence from China	128
Controlling shareholder’s escape threat: Foreign residency rights and stock price crash risk	126
COVID-19, a blessing in disguise for the Tech sector: Evidence from stock price crash risk	113
Performance of ESG-integrated smart beta strategies in Asia-Pacific stock markets	113
Corrigendum to “Carbon pricing and sovereign credit risk: A threshold analysis of policy design and economic structure for climate-fiscal resilience” [Res. Int. Bus. Financ. 81 (2025) 103197]	108
Digital finance, institutional quality, and air pollution: Evidence from China	107
ESG news and firm value: Evidence from China’s automation of pollution monitoring	106
U.S.–China relations and cross-border capital flows: Is digital technology a “Buffer” or a “Booster”?	105
Internal control opinion shopping: Does initial audit fee discounting matter?	98
Corporate governance, fraud learning cycles, and financial fraud detection: Evidence from Chinese listed firms	94
Corporate venture capital and firm productivity: Evidence from China	90
Does fintech drive sustainability? Insights from clean energy and global partnerships	87
Carbon emissions and discontinued operations	86
Impact of corporate philanthropy on firm performance: The moderating role of board structure	85
Asymmetric dynamics between geopolitical conflict sentiment and cryptomarkets	83

The impact of insider-appointment on the fulfillment of M&A performance commitments: Based on the power-responsibility paradox	82
Understanding the impact of the financial technology revolution on systemic risk: Evidence from US and EU diversified financials	80
Are institutional investors effective monitors in a country where closely held firms predominate? Insights from agency problem-driven dividend payouts	78
Credit risk prediction based on loan profit: Evidence from Chinese SMEs	75
EU-27 bank failure prediction with C5.0 decision trees and deep learning neural networks	74
Emerging market multinationals’ pursuit of strategic assets through cross-border acquisitions	72
Navigating sustainable finance: Examining the impact of sustainable credit policy on energy consumption intensity	71
ESG leaders and crypto currency market: Asymmetric TVP-VAR connectedness and investment approaches	71
Asset encumbrance in banks: Is systemic risk affected?	70
ESG reputational risk and market valuation: Evidence from the European banking industry	70
Global economic uncertainty and the Chinese stock market: Assessing the impacts of global indicators	69
Does market microstructure affect time-varying efficiency? Evidence from emerging markets	69
Accounting for digital currencies	69
Quantile connectedness between Chinese stock and commodity futures markets	69
Connectedness and systemic risk between FinTech and traditional financial stocks: Implications for portfolio diversification	69
Editorial Board	68
The takeover Tango: Unraveling the impact of state-owned enterprise acquisitions on American competitors	67
FinTech and unemployment: New evidence on the role of labor market regulation	66
Are stock markets efficient with respect to the Google search volume index? A robustness check of the literature studies	66
Nurturing finance and harvesting intelligence: The green growth of urban industrial intelligence fueled by green finance	64
Dynamic risk and hedging strategies in post-COVID digital asset sectors	63
Why do entrepreneurial firms switch lead venture capital? A double-sided matching perspective	63
A sparsity algorithm for finding optimal counterfactual explanations: Application to corporate credit rating	63
Trade credit financing, social trust, and financial distress: Evidence from Chinese listed companies	63
Market response to environmental social and governance performance: A global analysis	62
Market competition and strategic interaction in the Spanish FinTech industry	61
Institutional investors, heterogeneity, and capital structure decisions: Evidence from an emerging market	61
The effects of regulatory mechanism on enterprise carbon reduction policies	60
How do Chinese urban investment bonds affect its economic resilience? Evidence from double machine learning	60
How does climate risk affect corporate financialization?	60
Revisiting asset co-movement: Does network topology really matter?	59
Influence of social sustainable development goals sentiment on listed companies	58
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	58
Guarantee requirements by European central counterparties and international volatility spillovers	58
Banking on the brink: An incremental cost-based view of financial stress	57
Hedge funds and sentiment-induced overpricing: Arbitrageurs or speculators?	57
Climate risk, informal lending default, and financial risk spillovers: A dual perspective of physical and transition risks	57
Analysing and forecasting co-movement between innovative and traditional financial assets based on complex network and machine learning	57
Can CFOs improve enterprise loan bargaining power? An empirical analysis based on CFO characteristics	57
Precious metals and currency markets during the Russia-Ukraine conflict’s inflationary periods	56
Global Stock Markets during Covid-19: Did Rationality Prevail?	56
How do deep-level and surface-level board diversity affect bank risk?	56
Volatility transmission in the property market during two inflationary periods: The 2008–2009 global financial crisis and the COVID-19 crisis	56
The impact of blue finance on sustainable development in marine ranching: Exploring multiple pathway	55
The digital economy and entrepreneurial dynamics: An empirical analysis of urban regions in China	55
Bank equity returns and oil prices: The story from U.S. regional banks during the “shale oil” revolution	54
Sports failures and stock returns between rationality and emotionality: Evidence from the UEFA Champions League	54
The motivations and influencing factors of share pledging: An analysis of pledging and trading strategies	54
Firm digitalization and bank lending: Evidence from China	54
Central Bank Digital Currencies: Agendas for future research	53

Does common ownership affect stock price synchronicity?	53
Predicting financial cycles with dynamic ensemble selection frameworks using leading, coincident and lagging indicators	53
Financial inclusion, digital technology, and economic growth: Further evidence	51
Sovereign credit ratings, fiscal burden and corporate investment policies: An international evidence	49
The impact of environmental protection fee-to-tax reform on differentiated environmental management behavior of firms	49
Does Confucian culture affect shadow banking activities? Evidence from Chinese listed companies	49
Are base layer blockchains establishing a new sector? Evidence from a connectedness approach	48
Imported financial risk in global stock markets: Evidence from the interconnected network	48
Editorial Board	47
Intrafirm inventor network integration and cross-sectional stock returns	46
Mutual fund herding and audit pricing	46
Female political leaders and R&D investment	46
Does policy-oriented environmental disclosure increase market uncertainty? Evidence from stock price volatility in China	46
Sequential management of energy and low-carbon portfolios	46
China’s secondary privatization and corporate investment efficiency	46
Financial inclusion and bank stability in ASEAN: A non-linear analysis of risk and opportunity	45
Analyzing spillover dynamics between semiconductor and clean energy stocks: A higher-order moment approach	45
Interconnectedness in the FOREX market during the high inflation regime: A network analysis	45
Demographic structure and SME credit availability: Rethinking SME finance amid unprecedented demographic transformations	44
Combination of antecedent conditions affecting the development of Chinese new energy market based on fuzzy sets	44
The impact of green public finance and green taxes on environmental and non-environmental innovation	44
Liquidity creation in dual banking systems: Do insolvency reforms matter?	44
Systemic tail dependence in disruptive technology ETFs & crypto assets: A partial correlation network	43
Institutional investor information network, analyst forecasting and stock price crash risk	43
Extraction of characteristic information from financial super-long texts and prediction of corporate violations	43
Network structure, dynamic evolution and block characteristics of sovereign debt risk: The global evidence	42
How can firms' transition to a low-carbon economy affect the distance to default?	42
Registration reform and stock mispricing: Causal inference based on double machine learning	42
Treasure hunt in emerging markets: Empirical evidence for European pension funds	42
Brand capital and corporate stock risk: A theoretical and empirical analysis	42
Military experience and sustainable development goal disclosure	42
Does Supply Chain Finance (SCF) alleviate funding constraints of SMEs? Evidence from China	42
Peer effects in corporate advertisement expenditure: Evidence from China	42
Can big data inhibit earnings management in corporations? — An analysis based on national big data comprehensive pilot zones	41
Entrepreneurship in the digital era	41
Futures markets and the baltic dry index: A prediction study based on deep learning	41
Decentralized autonomous organizations: The new global digital venture capital	41
Synthetic data generation with deep generative models to enhance predictive tasks in trading strategies	40
Share pledging of controlling shareholders and corporate social responsibility disclosure	40
Day-night anomaly returns in China: The role of institutions	40
Effect of twitter investor engagement on cryptocurrencies during the COVID-19 pandemic	40
CEOs’ Green Governance Abilities and Corporate Green Innovation	39
An evolutionary analysis of the diffusion of low-carbon technology innovation in supply networks	39
Green finance and green innovation: the Moderating role of ESG and synergies with inclusive finance	39
Does data asset disclosure contribute to the market efficiency? Evidence from China	39
Is gold still a safe haven for stock markets? New insights through the tail thickness of portfolio return distributions	38
CEO narcissism and ESG misconduct	38
Digital transformation and trade credit provision: Evidence from China	38
Payout policy and ESG: A European investigation	38
Investment efficiency under financial constraints: The role of CEO power	38
Firms’ perceived trade policy uncertainty and management’s disclosure strategies: Evidence from financial statement comparability	37
The effect of ESG performance on value creation of strategic alliances	37
The impact of economic uncertainty on corporate ESG performance: Global evidence	37
Genetic distance and cross-border M&A completion: Evidence from Chinese firms	37
IPOs and firms’ financial distress risk: International evidence	36
The dichotomy of inclusiveness and vulnerability as a consequence of banking platform development	36
Climate laws and financial stability	36
Firm-level political risk and CEO compensation	36
Towards the estimation of ESG ratings: A machine learning approach using balance sheet ratios	36
Uncertainty words and corporate information environment	36
How do women directors ensure corporate ethics? The role of board tenure	36
Portfolio insurance strategy in the cryptocurrency market	35
Corporate ESG performance and credit misallocation: Evidence from China	35
Does digital finance aggravate bank competition? Evidence from China	35
Overconfident male CEOs and corporate outcomes: The moderating role of female CFOs	35
How do FinTech companies contribute to the achievement of SDGs? Insights from case studies	35
Effects of family ownership and family management on the performance of entrepreneurial firms	35
Is soft information substitutive or complementary to hard news for investor attention? Evidence from corporate advertising in Japan	35
Influence of share pledging on corporate social responsibility: Evidence from India	34
Uncovering patterns of fintech behavior in Italian banks: A multidimensional statistical analysis	34
Price limits, investor asset allocation, and price volatility: Evidence from China’s registration-based IPO reform	34
Internationalization and donations allocated to domestic market: Evidence from emerging market SMEs	34
Decomposition of social networks and household purchase of insurance as knowledge products	34
Infectious disease equity market volatility, geopolitical risk, speculation, and commodity returns: Comparative analysis of five epidemic outbreaks	34
Dynamic response of the natural interest rate to extreme climate	34
Unleashing stock volatility and its implications for stock crash risk: Evidence from China’s price limit policies	34
Forecasting corporate bankruptcy in imbalanced datasets using a new hybrid machine learning approach	34
The geographic distance of independent directors and stock price crash risk: Evidence from China	34
Multilayer network analysis of investor sentiment and stock returns	34
Does firm environmental performance mitigate the market reaction to COVID-19 uncertainty?	33

Firm-level real climate risk, institutional investors, and green innovation	33
How does macroeconomic uncertainty influence energy futures?: Evidence from extraordinary events	33
The performance of green bond portfolios under climate uncertainty: A comparative analysis with conventional and black bond portfolios	33
Do conventional and new energy stock markets herd differently? Evidence from China	33
The fintech revolution: Exploring the potential of fintech finance in reducing corporate credit constraints	33
Crowdfunding in a Shifting Landscape: The Impact of Competition and Exogenous Shocks on Platform Dynamics	33
Does government ownership influence the dividend payments of European banks?	33
A Support Vector Machine model for classification of efficiency: An application to M&A	33
Climate risk and banking stability in China: A dynamic analysis from the short- and long-term perspectives	33
Does utilizing smart contracts induce a financial connectedness between Ethereum and non-fungible tokens?	32
A tale of two revolutions: Environmental, social, and governance performance and dividend policy in Egyptian-listed companies during unstable times	32
Changes in supply chain relationships and the enterprise internationalization process	32
Corporate bond defaults and spillover effects on bank risk: Evidence from city commercial banks in China	32
Does ESG information disclosure increase firm value? The mediation role of financing constraints in China	32
Market-based environmental regulations and green innovation: Evidence from the pilot carbon markets in China	32
Asymmetry in returns and volatility between green financial assets, sustainable investments, clean energy, and international stock markets	32
Local government debt and firm productivity: Evidence from China	32
Exploring the nexus between sustainable energy tokens, electric vehicles, and the hydrogen economy	32
Social trust and the demand for audit quality	31
The impact of debt: International versus local debt in microfinance organizations	31
The heterogeneity of innovation, government R&D support and enterprise innovation performance	30
Three channels of monetary policy international transmission: Identifying spillover effects from the US to China	30
Forecasting gold volatility with geopolitical risk indices	30
Mutual fund flows and returns dynamics: Investor preferences and performance persistence	30
Financial inclusion and income inequality in developing countries: The role of aging populations	30
The impact of environmental, social, and governance (ESG) practices on investment efficiency in China: Does digital transformation matter?	30
ESG disclosure and investment-financing maturity mismatch: Evidence from China	30
Harnessing digital finance for sustainability: An integrative review and research agenda	30
The impact of European firms’ emissions reduction effectiveness on financial constraints: Evidence from the quintuple helix model perspective	30
How do industry tournament incentives affect firm debt maturity?	29
Strategic fit of potential M&As between dual banks and conventional banks: Does Islamic banking matter?	29
Does passive ownership affect corporate governance? Evidence from the Bank of Japan’s ETF purchasing program	29
Forecasting aggregate stock market volatility with industry volatilities: The role of spillover index	29
Large scale mean-variance strategies in the U.S. stock market	29
When stock price crash risk meets fundamentals	29
Artificial intelligence and green innovation: Investigating the effects of executive pay and firm age	29
Web search volume acceleration and cross-sectional returns	29
ESG reactions to fintech: The role of cross-border capital flows	29
Italian SMEs and access to credit: Does being “green” matter?	29
Impact of environmental, social and governance initiatives on firm value: Analysis using AI-based ESG scores for Japanese listed firms	28
The importance of owner loans for rebalancing the capital structure of small knowledge-intensive service firms	28
The role of culture in driving innovation: A quasi-natural experiment from China	28
Interpretable selective learning in credit risk	28
Green money talks: Does green bond issuance promote corporate green governance?	28
Digital payments and GDP growth: A behavioural quantitative analysis	28
How does the geographic concentration of institutional investors affect corporate risk? Evidence from China	27
Climate policy uncertainty and corporate greenwashing: Developing a new metric for selective investment practices	27
Dancing with dragon: The RMB and developing economies’ currencies	27
Dynamic interlinkages between carbon risk and volatility of green and renewable energy: A TVP-VAR analysis	27
The influence of institutional void and socio-cultural factors on the internationalization of emerging multinationals	27
Uncertainty or investor attention: Which has more impact on Bitcoin volatility?	27
Global trends and insights into cryptocurrency-related financial crime	27
“Volatility in a Mug Cup”: Spillovers among cocoa, coffee, sugar futures and the role of climate policy risk	27
Zero-leverage and firm performance – Evidence from Taiwan	27
Local optimistic expectations and corporate capital structure decisions	27
Redefining insurance through technology: Achievements and perspectives in Insurtech	27
Potential diversification benefits: A comparative study of Islamic and conventional stock market indexes	27
Left to their own devices: Ownership concentration and payout policy	27
Determinants of credit spreads and cash flow-related lending in commercial real estate	26
The effect of downstream expansion on upstream employment: Quasi-natural experimental evidence from China’s Accelerated Depreciation Policy	26
Product market competition and stock price crash risk: Exploring the role of managerial ownership	26
Cryptocurrencies and financial market stability: Theoretical modeling and empirical evidence of spillover effects from sequential attention cycles of crypto investors	26
Does financial inclusion affect corporate risk-taking?	26
Value effect of AI innovation zones: Green premium and cost reduction pathways in environmental disclosure	26
Can investors’ informed trading predict cryptocurrency returns? Evidence from machine learning	26
Editorial Board	26
Estimating time-varying factors’ variance in the string-term structure model with stochastic volatility	26
Following the crowd: peer effects in corporate annual report tone	26
Multiscale information network among fossil energy, renewable energy and ESG investment under the Russo-Ukrainian conflict	26
Editorial Board	25
The development fit index of digital currency electronic payment between China and the one belt one road countries	25
The determinants and consequences of tax avoidance: A psychological contract perspective	25
Does global climate risk encourage companies to take more risks?	25
The dichotomy of corporate litigation risk in shaping ESG disclosure: Does green innovation matter?	25
Finance and sales growth at the firms level in Iran: Does type of spending matter?	25
The governance nexus: The impact of CFO-CEO collusion on controlling shareholders’ equity pledging	25
The nonlinear impacts of energy price shocks on bank diversification: Evidence from G7 economies	25
Corporate misconduct and innovation: Evidence from the pharmaceutical industry	25
An asymmetrical approach to understanding consumer characteristics in banking trust during the COVID-19 pandemic in Italy	25
The impact of digital transformation on the servitization transformation of manufacturing firms	25
Flexible fintech regulation and corporate digital innovation: Evidence from a quasi-natural experiment	25
Anticipatory gains and event-driven losses in blockchain-based fan tokens: Evidence from the FIFA World Cup	25
Artificial intelligence innovation and financial information quality: Evidence from firm patent data	25
Can a self-exciting jump structure better capture the jump behavior of cryptocurrencies? A comparative analysis with the S&P 500	25
Free riding or participation in governance: Minority shareholders’ online voting and corporate responsiveness	25
Network centrality, style drift, and mutual fund performance	24
The determinants of issuing central bank digital currencies	24
Culture, financial literacy, and leverage of small firms	24
Signaling vs. agency theory: What drives dividends of promoter-owned firms during a crisis?	24
The impact of economic policy uncertainty and digital integration on ESG practices in European companies	24
Hedging climate risk: The role of green energy exchange-traded funds	24
Price effects after one-day abnormal returns and crises in the stock markets	24
Economic policy uncertainty, institutional environments, and corporate cash holdings	24
Emission trading policy and firm-level carbon disclosure in China: Unveiling the potential of market-based environmental regulation	24
The role of institutional quality in the nexus between green financing and sustainable development	24