Global Finance Journal

Article	Citations
Balancing the books: The role of energy-related uncertainty in corporate leverage	334
Editorial Board	201
The regulatory environment and financial constraints of private firms in the European Union	179
Liquidity spillovers in the global stock markets: Lessons for risk management	119
How does foreign economic policy uncertainty affect domestic analyst earnings forecasts?	116
Profitability and low-risk anomalies reexamined	102
Fiduciary or loyalty? Evidence from top management counsel and stock liquidity	83
The digital economy, market integration and environmental gains	73
Do Sukuk provide diversification benefits to conventional bond investors? Evidence from Turkey	70
Public sector unions and municipal debt	67
Under the microscope: Trade initiation activities around earnings and takeover announcements in a market with continuous disclosure	64
Foreword to 2021 New Zealand Finance Meeting	55
Culture and exit mechanisms: International evidence	53
Does social capital matter in underwriter's fees?	52
Deferring real options with solar renewable energy certificates	51
Supply chain contagion effects of negative CSR events: A stock market reaction perspective	51
Does bank capital reduce liquidity creation?	48
How do voting powers matter in equity finance? Evidence from chinese private placements	47
Does news related to digital economy and central bank digital currency affect digital economy ETFs? Evidence from TVP-VAR connectedness and wavelet local multiple correlation analyses	45
ESG activities and firm cash flow	43
The impact of reporting changes on hidden liquidity: Evidence from the Chicago stock exchange	43
Asset securitizations and bank stability: Evidence from different banking systems	43
Data breaches (hacking) and trade credit	43
Equity misvaluation and debt markets	42
Money talks, green walks: Does financial inclusion promote green sustainability in Africa?	41

The impact of capital on bank profitability during the COVID-19 pandemic	41
Greasing the wheels of irreversible investment: International evidence on the economic effects of corruption	39
Global perspectives on corporate social responsibility, political institutions, and the political economy	39
Stabilizing global foreign exchange markets in the time of COVID-19: The role of vaccinations	38
Tail risk transmission in technology-driven markets	38
Busy board and corporate debt maturity structure	37
Green property finance and CO2 emissions in the building industry	36
Do large-cap exchange-traded funds perform better than their small-cap counterparts in extreme market conditions?	36
Tokenization of sukuk: Ethereum case study	34
Research on safe-haven currencies under global uncertainty —A new perception based on the East Asian market	34
Impact of Fintech on labor allocation efficiency in firms: Empirical evidence from China	33
Price sensitivity of the consumer-investor: Evidence from energy prices and mutual fund fees	33
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	30
Equity market response to natural disasters: Does firm's corporate social responsibility make difference?	29
Information content of the limit order book: A cross-sectional analysis in Borsa Istanbul	29
Does asset-based uncertainty drive asymmetric return connectedness across regional ESG markets?	27
Risk governance and financial stability: A comparative study of conventional and Islamic banks in the GCC	27
Editorial Board	26
Climate risk, ESG performance, and ESG sentiment in US commercial banks	26
Dynamic spillover effects among green bond, renewable energy stocks and carbon markets during COVID-19 pandemic: Implications for hedging and investments strategies	26
Editorial Board	26
The green transition and tech firms' financial performance: Insights from patent data	25
Corporate social responsibility as a common risk factor	24
Corporate political risk and environmental performance	24
Informational linkage and price discovery between China's futures and spot markets: Evidence from the US–China trade dispute	24
Climate transition risk in sovereign bond markets	23
Learning, foreign operations and operating performance	23
Editorial Board	23
FinTech entrepreneurial ecosystem in India: Role of incubators and accelerators	23
Resistance or motivation? Impact of climate risk on corporate greenwashing: An empirical study of Chinese enterprises	23
Firm valuations and board compensation: Evidence from alternative banking models	23
Clusters of social impact firms: A complex network approach	22
The “night effect” of intraday trading: Evidence from Chinese gold and silver futures markets	21
Does the location of directors' additional positions matter? A new dimension of board structure	21
Measuring the risk appetite of bank-controlling shareholders: The Risk-Weighted Ownership index	21
Trend following or reversal: Does culture affect predictions and trading behavior?	21
Credit market conditions, expected return proxies, and bank stock returns	20
Foreign institutional investors and share pledging: Evidence from China's stock market openness reform	20
CEO and CFO equity compensation and dividend payout over the firm lifecycle	20
Multinationals and stock return comovement	19
CSR in the bond market: Pricing stakeholders and the moderating role of the institutional context	19
FinTech development and commercial bank efficiency in China	19
Terror threat and investor sentiment: International evidence	19
Financial turbulence, systemic risk and the predictability of stock market volatility	18
Do Muslim CEOs and Muslim stakeholders prefer Islamic debt financing?	18
Extreme weather, climate risk, and the lead–lag role of carbon	18
Stock returns and income inequality: Asymmetric evidence from state level data in the U.S.	17
Editorial: Special issue on green finance and the post-COVID-19 world	17
Editorial Board	17
Exploring the drivers of investment in Fintech: Board composition and home bias in banking	17

Opportunistic earnings management or performance-related effects? Evidence from dividend-paying firms	16
Property crime and lottery-related anomalies	16
Deep reinforcement learning for portfolio selection	16
Cross-sector comovements and policy impact in the COVID-19 stock market: A dynamic factor approach	16
Limits of arbitrage and their impact on market efficiency: Evidence from China	16
ESG rating disagreement and the cost of equity capital	16
Information asymmetry in non-US stocks: The compounding and mitigating effects of tax havens and corruption	16
Political legitimacy and CSR reporting: Evidence from non-SOEs in China	16
The impact of news on the volatility of ESG firms	16
A time–frequency comovement and causality relationship between Bitcoin hashrate and energy commodity markets	15
Role of digital finance, investment, and trade in technological progress	15
Spreading the fear: The central role of CBOE VIX in global stock market uncertainty	15
Economic policy uncertainty and the inhibitory effect of firms' green technology innovation	14
Digital technology innovation and corporate resilience	14
Extreme connectedness of agri-commodities with stock markets and its determinants	14
Monetary winds of change: Exploring the link between policy shifts and bank profitability in developed and emerging European markets	14
Which market dominates the price discovery in currency futures? The case of the Chicago Mercantile Exchange and the Intercontinental Exchange	14
Bank scandal contagion: Evidence from the Wells Fargo cross-selling scandal	14
Unlocking the black box of sentiment and cryptocurrency: What, which, why, when and how?	14
Bridging the gap: Uncovering static and dynamic relationships between digital assets and BRICS equity markets	14
Risk implications of dependence in the commodities: A copula-based analysis	14
Internationalization and firm performance	14
Real asset liquidity, cash holdings, and the cost of corporate debt	13
High-speed railway opening and urban green productivity in the post-COVID-19: Evidence from green finance	13
Corrigendum to “Private placement, share prices, volume and financial crisis: An emerging market study” [Global Finance Journal Volume 24, Issue 3, 2013, Pages 203–221]	13
Are hedge fund managers skilled?	13
State contingent banking and asset price bubbles: The case of Islamic banking industry	13
Green bonds: Do investors benefit from third-party certification?	12
Trading behaviour and market sentiment: Firm-level evidence from an emerging Islamic market	12
Intraday impact of macroeconomic and COVID-19 news on Latin American stock indexes	12
Explaining differences in CEO gender diversity across industries: Do personality traits matter?	12
Technical efficiency of Islamic and conventional banks with undesirable output: Evidence from a stochastic meta-frontier directional distance function	12
Firm performance & effective mitigation of adverse business scenarios	12
Dynamics of mining markets: Equilibrium implications for professional and casual miners	12
In search of COVID-19 and stock market behavior	12
Comparing the impact of Chinese and U.S. economic policy uncertainty on the volatility of major global stock markets	12
Capital structure of Islamic banks: How different are they from conventional banks?	12
Managerial market timing: What is the pot size for long-term shareholders assuming firm management acts in their best interest and does have an informational advantage?	12
Do different streams of capital flows affect asset prices differently?	11
Do female CEOs matter for ESG scores?	11
The role of ESG performance in firms' resilience during the COVID-19 pandemic: Evidence from Nordic firms	11
Dynamic connectedness, spillover, and optimal hedging strategy among FinTech, Sukuk, and Islamic equity markets	11
Disaster response: The COVID-19 pandemic and insider trading around the world	11
Corporate governance and liquidity creation nexus in Islamic banks—Is managerial ability a channel?	10
Comovement and S&P 500 membership	10
Corrigendum to “Managerial market timing under credit risk: How do timed buybacks and stock issuances influence the value of long-term shareholders?” [Global Finance Journal 55 (2023) 100807]	10
Understanding drought shocks: Bank financial stability and loan performance	10
Editorial Board	10
A leap of faith that echoes well? The value impact of Chinese firms starting up business overseas	10
Unlocking the impact of digital technology progress and entry dynamics on firm's total factor productivity in Chinese industries	10
Does social network connectedness affect acquirer merger performance around the world?	10
The impact of term limits on municipal borrowing costs	10
The evolution of corporate social responsibility in China: Do political connection and ownership matter?	10
Does ESG rating disagreement impede corporate green innovation?	9
Can the green credit policy reduce carbon emission intensity of “high-polluting and high-energy-consuming” enterprises? Insight from a quasi-natural experiment in China	9
The power of attention: examining the roles of institutional investor and macroeconomic news attention in shaping share liquidity	9
The rising risks of fossil fuel lobbying	9
The evolution of corporate payout in Canada	8
Fintech's impact on conventional and Islamic sustainable equities: Short- and long-term contributions of the digital financial ecosystem	8
Macroprudential regulation and bank risk: The role of shareholders' and creditors' rights	8
Large blockholders and stock price crash risk: An international study	8
Retrospective wisdom: Long-term orientation and the rating downgrades of financial institutions	8
A MIDAS multinomial logit model with applications for bond ratings	8
Editorial Board	8
Home equity and retirement funding: Challenges and opportunities	8
Overlapping board connections with banker directors and corporate loan terms: Evidence from syndicated loans	8
Noninterest income mix and bank performance: Generalized propensity score fractional dose–response function evidence	7
Islamic microfinance: A bibliometric review	7
National culture and saving: How collectivism, uncertainty avoidance, and future orientation play roles	7
Asymmetric time-frequency risk spillovers between the Fourth Industrial Revolution assets and commodity futures: Is economic policy uncertainty a driving factor?	7
Can extra-financial ratings serve as an indicator of ESG risk?	7
CEO casting call: Investor attention to corporate leadership appointments	7
Effects of female directors on gender diversity at lower organization levels and CSR performance: Evidence in Japan	7
The dynamics of market efficiency of major cryptocurrencies	7
Is there a green fund premium? Evidence from twenty seven emerging markets	7
Increasing profitability through contingent convertible capital: Empirical evidence from European banks	7
Exploring a Quasi-absolute priority rule for pay-outs to operational creditors in bankruptcy resolutions: Evidence from India	7
Linkages between financial and macroeconomic indicators in emerging markets and developing economies	7
Heterogeneity of foreign investors and Knightian uncertainty: Evidence from the Chinese capital market	6
Unveiling interconnectedness and risk spillover among cryptocurrencies and other asset classes	6

Value-at-risk and the cross section of emerging market hedge fund returns	6
Empirical effects of sanctions and support measures on stock prices and exchange rates in the Russia–Ukraine war	6
Oil shocks and currency behavior: A dual approach to digital and traditional currencies	6
China's economic policy uncertainty and firm-level investment in Southeast Asian economies: The role of trade connection and financial development	6
Financial technology and financial capability: Study of the European Union	6
Impact of oil demand and supply shocks on the exchange rates of selected Southeast Asian countries	6
The liquidity of active ETFs	6
Do institutional ownership and innovation influence idiosyncratic risk?	6
Idiosyncratic return volatility and the role of firm fundamentals: A cross-country analysis	6
Transition to Islamic equities: Systematic risk and Shari'ah compliance	6
Firm-level risk of climate change: Evidence from climate disasters	6
Executive stock ownership, debt choice, and the moderating effect of institutional owners	6
Pricing of European currency options considering the dynamic information costs	6
Do insiders profit from public environmental information? Evidence from insider trading	6
Does corporate sexual orientation equality affect labor investment efficiency?	5
Design of employee pension benefits model and China's pension gender gap	5
An algorithmic trading system based on a stacked generalization model and hidden Markov model in the foreign exchange market	5
Equity market linkages across Latin American countries	5
Climate change and corporate credit worthiness: International evidence	5
The holding behavior of Shariah financial assets within the global Islamic financial sector: A macroeconomic and firm-based model	5
Impact of environmental, social, and governance rating disagreement on real earnings management in Chinese listed companies	5
A state-dependent international CAPM for partially integrated markets: Using local and US risk factors	5
Internal alliance and firm risk	5
Synthetic cap rate indices (1991-Covid era)	5
US partisan conflict uncertainty and households' access to bank credit: Evidence from UK survey data	5
Do R&D subsidies promote or inhibit firm R&D collaboration? An empirical analysis on the role of risk tolerance in China	5
Do market, resource and knowledge distance impact inbound cross-border acquisition?	5
Corporate governance and CSR disclosure: Evidence from French listed companies	5
Research on the FinTech risk early warning based on the MS-VAR model: An empirical analysis in China	5
Informational role of analyst and investor days	5
Is there a tradeoff between management earnings forecasts and sustainability reporting?	5
Quantile connectedness and the determinants between FinTech and traditional financial institutions: Evidence from China	4
Will technological advancement affect Bitcoin trading and pricing? Evidence from BRC-20 tokens	4
Does foreign monetary policy drive Australian banks' wholesale funding costs?	4
Cognitive, affective, and normative factors affecting digital insurance adoption among persons with disabilities: A two-stage SEM-ANN analysis	4
Global power and Stock market co-movements: A study of G20 markets	4
When do ESG controversies reduce firm value in India?	4
Does executive gender matter for corporate financial policies under uncertainty?	4
Digital finance, financing constraints, and green technological innovation: A spatial analysis	4
The impact of financial crises on industrial growth in the Middle East and North Africa	4
Nexus analysis of financial management, digital finance and new technologies	4
National culture and small firms' use of trade credit: Evidence from Europe	4
Extreme negative events and corporate acquisitions: Terrorist attacks	4
Editorial Board	4
Employee effort and earnings management	4
Technical indicators and cross-sectional expected returns	4
The Eurozone banking sector in the time of COVID-19: Measuring volatility connectedness	4
Does ESG matter to investors? ESG scores and the stock price response to new information	4
Financial inclusion and bank profitability: Evidence from a developed market	4
Conventional and downside CAPM: The case of London stock exchange	4
Robinhood investors and corporate misconduct	4
Cross-commodity hedging for illiquid futures: Evidence from China's base metal futures market	4
Time-varying asymmetric spillovers among cryptocurrency, green and fossil-fuel investments	4
Beyond the headlines: Sentiment divergence and financial distress	4
Pandemic-induced fear and stock market returns: Evidence from China	4
The effect of issuance documentation disclosure and readability on liquidity: Evidence from green bonds	4
The determinants of funding liquidity risk in decentralized lending	3
Does compliance with corporate governance increase profitability? Evidence from an emerging economy: Pakistan	3
Long-term international diversification of equities	3
Exploring Bubbles in the Digital Economy: The Case of China	3
Competitive dynamics and risk of non-life insurance in Taiwan: An empirical study	3
The effect of digital economy and environmental regulation on green total factor productivity: Evidence from China	3
Executive compensation disclosure in emerging markets with weak shareholder enforcement: A multi-level analysis	3
Managerial market timing under credit risk: How do timed buybacks and stock issuances influence the value of long-term shareholders?	3
Piecing together the extent of retail fractional trading	3
Does the stock market anticipate events and supreme court decisions in corporate cases?	3
Asymmetric dependency among US national financial conditions and clean energy markets	3
Managing man and machine: Automation potential and labor investment efficiency	3
The effect of equity market uncertainty on informational efficiency: Cross-sectional evidence	3
Stock, foreign exchange and commodity markets linkages: Implications for risk diversification and portfolio management	3
Brazilian stock-market efficiency before and after COVID-19: The roles of fractality and predictability	3
Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking	3
Value of climate change news: A textual analysis	3
Do pricing efficiencies in Indian equity ETF market impact its performance?	3
Who trades bitcoin futures and why?	3
Informed trading in the options market surrounding data breaches	3
The impact of public health emergencies on small and medium-sized enterprises: Evidence from China	3
Climate risk, ESG ratings, and the flow-performance relationship in mutual funds	3
Competition in dual markets: Implications for banking system stability	3
Tail risk network analysis of Asian banks	3
Local culture and tax avoidance: Evidence from gambling preference behavior	3
Pyramidal structure, vertical interlock, and corporate innovation	3
Risk-adjusted profitability and stability of Islamic and conventional banks: Does revenue diversification matter?	3
Sleeplessness, distraction and stock market performance: Evidence from the world cup	3
Predictability of stock market returns: New evidence from developed and developing countries	3
Currency hedging for single-currency equity portfolios: Does cross-asset risk matter?	3
Asymmetric volatility connectedness between Islamic stock and commodity markets	3
Corporate social responsibility and voting over public goods	3
The pitfalls of (non-definitive) Environmental, Social, and Governance scoring methodology	3
The impact of oil shocks on the stock market	3