OOIR: Observatory of International Research

Papers

(The TQCC of Journal of Empirical 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 2021-04-01 to 2025-04-01.)

Article	Citations
Reinsurance demand and liquidity creation: A search for bicausality	100
Uncovered interest rate parity redux: Non-uniform effects	95
The effects of economic uncertainty on financial volatility: A comprehensive investigation	80
Detecting jumps amidst prevalent zero returns: Evidence from the U.S. Treasury securities	42
Corporate social responsibility and excess perks	36
Introducing article numbering to Journal of Empirical Finance	35
Information in unexpected bonus cuts: Firm performance and CEO firings	35
Editorial Board	32
Equity markets volatility clustering: A multiscale analysis of intraday and overnight returns	31
The role of bad-news coverage and media environments in crash risk around the world	31
Do firms use credit lines to support investment opportunities?: Evidence from success in R&D	30
Dynamic risk management and asset comovement	29
Why Do U.S. Firms Invest Less over Time?	29
Mispricing and Anomalies: An Exogenous Shock to Short Selling from JGTRRA	27
Estimation and inference in low frequency factor model regressions with overlapping observations	27
A portfolio-level, sum-of-the-parts approach to return predictability	26
What drives the TIPS–Treasury bond mispricing?	24
House price bubbles under the COVID-19 pandemic	23
Shadow capital in venture financing: Selection, valuation, and exit dynamic	22
Factor correlation and the cross section of asset returns: A correlation-robust machine learning approach	20
Forecasting realized volatility: Does anything beat linear models?	19
Banker directors on board and corporate tax avoidance	18
Do mutual funds and ETFs affect the commonality in liquidity of corporate bonds?	18
Isolating momentum crashes	18
The non-linear trade-off between return and risk and its determinants	17

Characteristic-sorted portfolios and macroeconomic risks—An orthogonal decomposition	16
Do leveraged warrants prompt individuals to speculate on stock price reversals?	15
Peer influence and the value of cash holdings	15
Does subsidiary bank failure affect parents’ capital decisions? Evidence from US bank holding companies	15
New evidence on Bayesian tests of global factor pricing models	15
Running a mutual fund: Performance and trading behavior of runner managers	15
Timing is money: The factor timing ability of hedge fund managers	14
Using, taming or avoiding the factor zoo? A double-shrinkage estimator for covariance matrices	14
Intraday VaR: A copula-based approach	14
Gold, platinum, and mutual fund flows	13
The AH premium: A tale of “siamese twin” stocks	12
Persistent and transient variance components in option pricing models with variance-dependent Kernel	12
Can we forecast better in periods of low uncertainty? The role of technical indicators	11
Forecasting tail risk measures for financial time series: An extreme value approach with covariates	11
The effect of venture capital backing on innovation in newly public firms	11
Are cryptocurrencies a safe haven for stock investors? A regime-switching approach	10
Time-varying Z-score measures for bank insolvency risk: Best practice	10
The Influence of Long-term Managerial Orientation on Pay Inequality	10
Investor sentiment and stock returns: Global evidence	10
Oil price shocks and the US stock market: A nonlinear approach	10
Dynamic relationship between Stock and Bond returns: A GAS MIDAS copula approach	10
How do bail-in amendments in Directive (EU) 2017/2399 affect the subordinated bond yields of EU G-SIBs?	9
Bond issuance and the funding choices of European banks: The consequences of public debt	9
Editorial Board	9
Endogeneity in the mutual fund flow–performance relationship: An instrumental variables solution	9
Conditional out-of-sample predictability of aggregate equity returns and aggregate equity return volatility using economic variables	9
Deciphering big data in consumer credit evaluation	9
Spillover effects in managerial compensation	8
Is convexity efficiently priced? Evidence from international swap markets	8
Expensive anomalies	8
Economic evaluation of asset pricing models under predictability	8
Limit order revisions across investor sophistication	8
Mortgage credit growth for lower-income borrowers during the 2000s housing boom: Evidence and implications	8
Stock price movements: Evidence from global equity markets	8
Editorial Board	8
Executive compensation and aspirational peer benchmarking	8
Option valuation via nonaffine dynamics with realized volatility	8
Exploring risk premium factors for country equity returns	7
Policy risk and insider trading	7
Short-term momentum and reversals, turnover, and a stock’s price-to-52-week-high ratio	7
Editorial Board	7
Price convergence between credit default swap and put option: New evidence	7
An empirical application of Particle Markov Chain Monte Carlo to frailty correlated default models	7
The stock market tips	7
Implied local volatility models	7
Forecasting realized volatility with wavelet decomposition	7
Social capital and the pricing of initial public offerings	7
Whose money is smart? Individual and institutional investors’ trades based on analyst recommendations	7
In search of retail investors: The effect of retail investor attention on odd lot trades	7
A revisit to bias-adjusted predictive regression	7

Big portfolio selection by graph-based conditional moments method	6
Do share repurchases facilitate movement toward target capital structure? International evidence	6
Tariff uncertainty and firm innovation: Evidence from the U.S.–China Permanent Normal Trade Relation	6
Bank stocks, risk factors, and tail behavior	6
The diversification benefits and policy risks of accessing China’s stock market	6
Predictive regression with p-lags and order-6
How does bank opacity affect credit growth and return predictability?	6
Betting on success: Unveiling the role of local gambling culture in equity crowdfunding	6
Portfolio allocation over the life cycle with multiple late-in-life saving motives	6
Household portfolio allocation, uncertainty, and risk	6
Corporate hedging fragility in the over-the-counter market	6
Empirical analysis of crude oil dynamics using affine vs. non-affine jump-diffusion models	6
Do financial variables help predict the conditional distribution of the market portfolio?	6
Mutual fund (sub)advisor connections and crowds	6
Natural disasters and the role of regional lenders in economic recovery	6