Finance Research Letters

Article	Citations
Repo haircuts: Market practices and the impact of minimum requirements on leverage	447
Cross-country spillover effects of interest rate and credit constraint policies	427
Unveiling the Yin and Yang of expansionary monetary policy: Differential impact on inequality in China based on a national-level survey	397
Editorial Board	342
An economic definition of ‘Fear of Missing Out’ (FOMO)	335
Limit Order Book dynamics and order size modelling using Compound Hawkes Process	326
Investor sentiment and corporate earnings management	298
How ESG engagement shapes firm life cycle progression: Evidence from U.S. data	288
Risk spillovers among energy, metals, and agriculture commodity markets: A network perspective	279
Assessing the volatility of green firms	274
Green gains: The impact of REITs' environmental performance on sustainability-linked loan interest rates	264
Community activism, Social ties and ESG campaign success	258
Corporate social anti-activism and firm stock price: Evidence from DEI program elimination	256
A look across the big pond and into the abyss — Performance of earnout deals in Europe and in times of crisis	226
Detecting exuberance phenomena in thematic investing	218
Correlation among climate risk, climate policy uncertainty, and carbon-intensive stock markets in China	217
Fintech, financial regulation and corporate financialization: Evidence from China	215
Why Was There More Household Stock Market Participation During the COVID-19 Pandemic?	213
Invest in depth or breadth? The influence of multidisciplinary practices on the valuation and legitimation of living artists	210
Firm financialization: The role of policy inconsistency	206
Modelling taxpayers’ behaviour based on prediction of trust using sentiment analysis	189
How green screening influences risk transmission among stock-bond indices: Insight into the dependence structure	185
Global value chain participation and income inequality within enterprises: An empirical study based on Chinese-listed companies	178
Exploring the effect of VAT carryforward and refund policy on enhancing innovation efficiency among China's A-share listed firms	176
SFDR Article 9: Is it all about impact?	175

Tax incentives, financial subsidies and high-quality development of enterprises	173
Demographic change and natural interest rate of China	169
Does corporate social responsibility affect the performance of cross-border M&A of emerging market multinationals?	164
Social governance, financial regulation, and corporate investment efficiency	163
Valuing cryptocurrencies: A model of price and hashrate	162
Environmental policies on the systematic risk of critical metals companies	158
Small price bias in the cryptocurrency market. A cognitive bias revealed by emotions on social networks	158
Financial market reaction to the end of the right-wing populist government: The case of Poland	157
A complementary valuation model and exit multiples	151
Legal background of corporate management and corporate audit quality	150
Management equity incentives, market dynamics, and corporate R&D investment	149
ESG ratings and female corporate leadership: Evidence from African firms	148
Soybean futures responses to meteorological disaster risk —— Empirical evidence from the Chicago board of trade	145
Unconventional, conventional monetary policies, and optimal energy supply structure in China	142
Learning about unprecedented events: Agent-based modelling and the stock market impact of COVID-19	141
How do Equity Investors Assess the Efficiency of Global Financial Institutions?	140
The closed-form approximation to price basket options under stochastic interest rate	140
Management buyouts in times of economic policy uncertainty	140
Crises and changes: The impacts of CSR expenditure on loan and subsidy allocation in China's Pre- and Post-Pandemic periods	138
Historical Determinants of Fintech Development: Evidence from Initial Coin Offerings	137
Futures, provisional sales, and earnings management in the global gold mining industry	137
Effects of China’s capital controls on individual asset categories	137
Does individual SREP results reveal real news?	136
Editorial Board	132
Can prospect theory explain anomalies in the Chinese stock market?	126
Macroprudential policies, national culture, and bank systemic risk: A cross-country comparison	126
Climate governance, CSR strategy, and corporate environmental decoupling	126
The impact of North Korean nuclear threat on stock market linkages in Northeast Asia: The case of South Korea, China, and Japan	126
Rescue one and sacrifice others? Corporate tunneling phenomenon under China's new delisting regulations	125
Ecological rule of law, financial constraints, and investment in heavily polluting enterprises	124
Impact of digital financial inclusion on rural revitalization	123
Intellectual property law enforcement and regional cluster innovation efficiency	122
Evaluation of the operational efficiency of internal capital markets in state-owned enterprises using big data	122
An analysis of how work stress affects employees' proactive work behavior: The moderating role of corporate financial support	120
Option pricing with a two-piece lognormal distribution	118
Strategic IPO timing of technology innovation-driven enterprises: A differential game analysis of market returns, disclosure costs, and industry dynamics	116
How the Economic Policy Uncertainty (EPU) impacts FinTech: The implication of P2P lending markets	116
How good are LLMs in risk profiling?	116
Inspection supervision and corporate green total factor productivity	115
Financial institution agglomeration and corporate labor allocation efficiency—Based on the context of government debt expansion	115
Corporate credit risk and bond yield spreads: Market reactions to the spreads	113
The role of gender in sales behaviour: Evidence from institutional financial brokerage	111
The impact of green investment policies on the development of new energy enterprises: Analysis based on heterogeneity and threshold effects	110
Foreign equity lookback options with guarantees	109
Development of corporate artificial intelligence and the quality of export products	108
The equity market response to climate change litigation	107
Price discovery share: An order invariant measure of price discovery	107
Human capital and corporate social investment: The effect of public policy	106
Can old sin make new shame? Stock market reactions to the release of movies re-exposing past corporate scandals	106
Effects of enterprise viability on corporate green innovation performance	101

Bank efficiency and undesirable output: An analysis of non-performing loans in the Brazilian banking sector	101
Community resilience and house prices: A machine learning approach	101
Political appointees and firms’ long-term capital market performance: Evidence from Central European countries	101
Recurrent neural network based parameter estimation of Hawkes model on high-frequency financial data	101
Breaking barriers to rural entrepreneurship: How productive credit mitigates financial exclusion	100
Are borrowing costs affected by audit market structure? Evidence from market concentration	98
How green finance drives new-quality productivity from the perspective of Chinese modernization	97
Does peer-to-peer crowdfunding boost refugee entrepreneurs?	96
Stepping forward with ease: Government debt governance as a catalyst for entrepreneurship	96
Do local innovation systems promote successful equity crowdfunding campaigns? Evidence from Italy	96
Online public opinion and firm investment preferences	95
Determinants of stock attention and behavioral preferences: Evidence from China's retail investors	93
Climate variability and catastrophe bond premiums	93
Impact of SciTech – Finance integration policy implementation on SME innovation performance: Mediating effect of tax burden	92
The effect of COVID-19 vaccine on the international financial markets	92
Can the Intensity of Environmental Regulation Enhance Corporate Risk-Taking? An Empirical Mechanism of Financial Resource Accessibility	91
Value creation or political trick? An event study on anti-ESG regulations	91
Credit availability, overinvestment, and corporate innovation capability	90
Manual task intensity and male-female wage gap: Evidence from China	90
Digital finance, data elements, and artificial intelligence innovation	89
Carbon prices and green bond markets: Global insights from quantile connectedness	89
Peer digitalization and corporate investment decision	88
Infection, invasion, and inflation: Recent lessons	87
Does smart transformation in manufacturing promote enterprise value chain upgrades?	85
Does exposure to biodiversity risk drive firms’ digital transformation?	85
Cryptocurrencies and the threat versus the act event of geopolitical risk	84
To green or not to green: The influence of board characteristics on carbon emissions	84
Institutional investor stability, executive equity incentives, and corporate innovation	84
Institutional investor networks and crash risk: Evidence from China	84
Are gross financial inflows expansionary or contractionary? Evidence from emerging economies	83
Risk spillovers across energy markets: Insights from the Russia–Ukraine conflict	82
The impact of corporate ESG performance on buyers’ bargaining power in the industrial chain: Evidence from China	82
Green innovation, executives’ environmental awareness, and corporate value chain upgrading	82
Belt and Road Initiative: Driving innovation in tech enterprises through global value chains	82
Can the level of green consumption restrain listed companies’ “greenwashing” behavior? An analysis of the moderating effect of green credit	82
Does ESG performance improve firm creditworthiness?	81
Regional social capital and stock price crash risk: Evidence from the US	81
The impact of digital transformation on firm productivity: From the perspective of sustainable development	81
Does the introduction of CSR criteria into CEO incentive pay reduce their earnings management? The case of companies listed in the SBF 120	81
Transmission effects of real estate risk on municipal bond spreads	80
International tax incentives, cross-border research and development, and corporate innovation performance	79
Prediction of market value of firms with corporate sustainability performance data using machine learning models	79
The impact of economic policy uncertainty on IPO underpricing: Evidence from China	79
Institutional investors' site visits and ESG disclosure: The mediating role of environmental legitimacy pressure	77
ESG disclosure inconsistency and tail risk	77
The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic	77
Energy transition investments and carbon emissions: asymmetric and dynamic effects across developed and emerging economies	77
Firm-level perception of competition and innovation: Textual evidence from China	77
Is it a matter of governance or judicial favoritism? Legal expertise at an executive level and its use in cases of corporate financial fraud	77
Does gambling culture affect firms’ investment efficiency?	76
The Trilogy of Ownership, Income Diversification, and Performance Nexus: Empirical Evidence from Tunisian Banks	76
Coexistence of Bitcoin, fiat money, and risk-free bonds	76
Impacts of gender inequality on international trade and innovation	75
Risk contagion between commodity and China's stock markets under the impact of major events	75
Banks’ ESG disclosure: A new scoring model	75
Comparative analysis of precious metals as hedges for clean energy stocks	75
Green bond and corporate environmental investment: The moderating effect of environmental concern	74
Market reactions to layoff announcements during crises: Examining impacts and conditioners	74
Capital market openness and bank credit risk: Evidence from listed commercial banks	74
Executive financial background, external audit quality and shadow banking in non-financial firms	72
Does customer concentration affect corporate risk-taking? Evidence from China	72
Interconnected dynamics of sustainable cryptocurrencies: Insights from transfer entropy analysis	72
Do investors herd under global crises? A comparative study between Chinese and the United States stock markets	71
Does tax policy affect corporate environmental investment?	71
VAT credit refund policy and corporate risk-taking: Evidence from China	70
Bankruptcy court establishment and corporate risk-taking	70
Does managerial climate awareness affect green bond issuance? The moderating role of managerial myopia	70
Does stepping-back from IFRS pay off? Evidence from European unlisted firms’ cost of debt	70
Does war spread the herding effect in stock markets? Evidence from emerging and developed markets during the Russia-Ukraine war	70
How digital transformation affects bank risk: Evidence from listed Chinese banks	70
Dependences and dynamic spillovers across the crude oil and stock markets throughout the COVID-19 pandemic and Russia-Ukraine conflict: Evidence from the ASEAN+6	69
Digital transformation and corporates' green technology innovation performance–The mediating role of knowledge sharing	68
Regulatory reforms, share buyback and institutional monitoring of insider trading: Evidence from India	68
Digital transformation and labour investment efficiency: Heterogeneity across the enterprise life cycle	68
Exploring the time-varying dependence between Bitcoin and the global stock market: Evidence from a TVP-VAR approach	67
Focus on the impact and predictive analysis of digitalization and green finance on the transformation of mineral and energy companies	67
Is it all about noise? Investor sentiment and risk nexus: evidence from China	67
How Russian-Ukrainian geopolitical risks affect Chinese commodity and financial markets?	67
Which are the factors influencing green bonds issuance? Evidence from the European bonds market	67
Corporate social responsibility and credit risk	66

Risk disclosure and stock price crash risk: Evidence from Chinese listed firms	66
Digital economy, green total factor energy efficiency constraints and corporate resilience	66
Media attention, information asymmetry and agribusiness ESG rating divergence	66
Climate, geopolitical, and energy market risk interconnectedness: Evidence from a new climate risk index	66
Sentiment changes and the Monday effect	66
Media sentiment and corporate R&D manipulation	66
The impact of inclusive finance and education investment on new quality productivity: The nonlinear mediating effect of education development	65
Executives' overseas backgrounds and green innovation in manufacturing enterprises	65
Financing allocation efficiency and firm productivity: Evidence from a Chinese quasi-natural experiment	65
A novel approach to sustainable mean-variance portfolio optimization: Accounting for ESG-related uncertainty	65
FinTech literature reviews: A hybrid approach	65
Cryptocurrency market efficiency in short- and long-term horizons during COVID-19: An asymmetric multifractal analysis approach	65
Population aging, digital divide, and household financial asset choices—An empirical study based on prefecture-level population census data	65
Digital economy policy and corporate low-carbon innovation: Evidence from a quasi-natural experiment in China	64
Tax Authority Enforcement and Corporate Social Security Contributions: Evidence from China	64
The impact of the Russia-Ukraine conflict on market efficiency: Evidence for the developed stock market	64
Using machine learning Meta-Classifiers to detect financial frauds	63
Editorial Board	63
Correlation impulse response functions	63
Does 3D printing technology promote OFDI? Evidence from Chinese listed companies	63
Common institutional ownership and sustainable innovation	62
A unified analytical framework for pricing compound exchange options under quanto and stochastic volatility effects	62
Bank connectedness and excessive risk-taking: Some cross-country evidence	62
Interpretable EU ETS Phase 4 prices forecasting based on deep generative data augmentation approach	61
Once bitten, twice bold? Early life tragedy and central bankers’ reaction to COVID-19	61
Do other firms’ stock price crashes affect corporate investment decisions within the business group: Evidence from Korean Chaebols	61
BNPL and financial fragility in U.S. households	61
Monitoring and governance: The impact of random inspection on goodwill in China	61
Impact of energy uncertainty on corporate credit risk	60
How digital finance promotes industrial diversification: the role of road freight as a moderator	60
The extreme risk spillover effect of international commodity price fluctuations on China's real economy: Discussing the effect of geopolitical conflicts	60
Application of blockchain technology, financial deepening, and internal income distribution within enterprises	60
Mechanisms of digital finance on collaborative innovation of small and medium-sized enterprise clusters	59
Narcissistic leaders do not share! The relationship between top managers' narcissism and the distribution of value added	59
Temperature shocks and bank systemic risk: Evidence from China	59
Aging, financial coverage, and agricultural economic resilience: Nonlinear dynamics and thresholds	59
Impact of fintech on carbon emissions in China: Evidence from the perspectives of green finance and financial efficiency	59
Tax policy reform and corporate innovation in China	59
Financial market connectedness: The role of investors’ happiness	59
The value of diversification: ESG and investment in controversial industries	59
Exploring the black box: Board gender diversity and corporate social performance	59
Executive human capital premium and corporate stock price volatility	59
Corporate altruism, dual innovation and competitive advantage	59
Impact of ownership structure on corporate social responsibility investment: The mediating role of analyst coverage	58
Government accounting supervision and risk of stock price crashes of listed companies: Evidence from the ministry of finance in China	58
Building an index based on key SDG 12 indicators to promote the transition to a circular economy	58
How higher education affects corporate human capital investment: Based on Upper Echelons Theory	58
Digital finance, managerial ability, and corporate financing costs	58
The tax squeeze and the books that bleed: Stress-induced restatements or strategic reshuffling?	57
Research on the impact of industrial policy on corporate financialization	57
Monetization of fan economy, high-level control of social media, and improvement of the film and television ecosystem	57
Environmental regulation and firms' trans-regional investment: Evidence from the implementation of the New Environmental Protection Law	57
Women’s bargaining power and household financial vulnerability: Evidence from China	57
Judicial independence and growth investors' decisions	57
Geopolitical risk and the Saudi stock market: Evidence from a new wavelet packet multiresolution cross-causality	56
R&D disclosure and corporate innovation: Mediating role of financing structure	56
Dynamic forecasting of exchange rate spillovers with TVP-VAR and deep learning models	56
Digital inclusion, transaction costs, and rural revitalization industrialization: Evidence from rural e-commerce clusters in China	55
Local government debt and household human capital investment	55
How does institutional openness promote enterprises' innovation liveness? Evidence from the pilot free trade zone	55
Information sharing among cryptocurrencies: Evidence from mutual information and approximate entropy during COVID-19	55
Signals of video game success on steam: Evidence from Kickstarter campaigns	55
IDIOSYNCRATIC VOLATILITY	55
The impact of environmental regulation on green image management of supply chain: Evidence from China	54
Local gambling preferences and insider trading profits: Evidence from China	54
Corporate ESG performance and competitive strategies from the perspective of financial markets: Strategic significance of firm size	54
Corporate financialization and litigation risk	54
How does tax revenue sharing affect local government governance? Empirical evidence from Chinese cities	54
Corporate digital transformation and financialization: Evidence from Chinese listed firms	54
ESG performance and financial distress prediction of energy enterprises	54
Cross-country spillovers of trade uncertainty and their formation mechanisms	54
Female executive and energy consumption intensity: The role of green innovation	54
Forecasting nonlinear green bond yields in China: Deep learning for improved accuracy and policy awareness	54
Homeownership and household risky asset holdings: Moderating role of social security and the mediating role of subjective well-being	53
Board gender diversity and ESG performance balance in GCC firms	53
Digital transformation and enterprise external pay gap: Internal mechanism and empirical evidence	53
Corporate SDG performance and investor trading behavior	53
Income volatility and household commercial insurance allocation	53
Changes in volatility leverage and spillover effects of crude oil futures markets affected by the 2022 Russia-Ukraine conflict	53
Advances in Explainable Artificial Intelligence (xAI) in Finance	53
Tracking customer risk aversion	52
Does sovereign ESG shape corporate cash management in emerging markets?	52
Reform of the administrative approval system, regional financial development, and corporate performance: An exploration of a market-oriented governance mechanism	52
CEO gender and the probability that firms go public	52
Editorial Board	52
An empirical study of risk diffusion in the cryptocurrency market based on the network analysis	52
Who really cares? Climate change exposure and auditor conservatism: Evidence from China	52
Digital transformation and the herd behavior of corporate investment	52
Analysis of the impact of bank digitization process on liquidity creation and risk-taking	52
Let’s have a party! - Temporal landmarks and firm behaviour: How corporate anniversaries influence managerial decisions	52
Where does corporate social capital matter the most? Evidence From the COVID-19 crisis	51
How does digital asset allocation affect accounting information quality? A perspective from corporate profitability and ownership	51
Stock return predictability in China: Power of oil price trend	51
Proprietary algorithmic traders and liquidity supply during the pandemic	50
Market reaction to analyst forecasts by analysts with familyship: Evidence from South Korea	50