OOIR: Observatory of International Research

Papers

(The median citation count of Review of Finance is 5. 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
Correction to: The TIPS Liquidity Premium	1163
Building trust takes time: limits to arbitrage for blockchain-based assets	138
Margin constraints and asset prices	111
Empirical determinants of momentum: a perspective using international data	109
Liquidity and the strategic value of information	106
Female innovative entrepreneurship and maternity risk	105
Do Insiders Hire CEOs with High Managerial Talent?	96
Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk	95
Life is Too Short? Bereaved Managers and Investment Decisions	88
Tradable Risk Factors for Institutional and Retail Investors	83
Sustainable Finance	75
The term structure of equity yields—a bottom-up approach	69
Precious Neighbors: The Value of Co-Locating with the Government	64
Capital Gains Tax, Venture Capital, and Innovation in Start-Ups	63
Debt and taxes: the role of corporate group structure	62
Is news really news? The effects of selective disclosure regulations	59
Optimal Capital Structure with Stock Market Feedback	58
Decomposing Long Bond Returns: A Decentralized Theory	56
The labor effects of R&D tax incentives: evidence from VC-backed startups	52
Does the level of cash always increase with firm size? Theory and evidence from small firms	50
Market accessibility, bond ETFs, and liquidity	50
Sources of Value Creation in Private Equity Buyouts of Private Firms	48
Small Business Lending in Financial Crises: The Role of Government-Guaranteed Loans	47
The TIPS Liquidity Premium	41
On the Economic Significance of Stock Return Predictability	40

Saving externality: when depositing too much breaks the bank	36
Cash is king? Understanding financing risk in housing markets	35
Disaster Relief, Inc.: when is corporate philanthropy good or bad for shareholders?	35
How do corporate tax hikes affect investment allocation within multinationals?	35
Portfolios for Long-Term Investors	30
Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission	29
How Does Human Capital Affect Investing? Evidence from University Endowments	28
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China	28
Fresh air eases work—the effect of air quality on individual investor activity	27
Director Expertise and Corporate Sustainability	26
Are Carbon Emissions Associated with Stock Returns?—Reply	26
Social Networks and Hedge Fund Activism	23
Dual Ownership and Risk-Taking Incentives in Managerial Compensation	22
The Dollar Profits to Insider Trading	22
Cancer and Portfolio Choice: Evidence from Norwegian Register Data	22
Climate Change Risk and the Cost of Mortgage Credit	21
Mutual funds’ strategic voting on environmental and social issues	20
Does Money Talk? Divestitures and Corporate Environmental and Social Policies	19
ESG shareholder engagement and downside risk	18
The Distress Anomaly is Deeper than You Think: Evidence from Stocks and Bonds	18
Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations	18
Regulatory Sandboxes and Fintech Funding: Evidence from the UK	17
Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds	17
Economic Policy Uncertainty and the Yield Curve	16
Forward Guidance and Corporate Lending	15
What drives commodity price variation?	15
Local IPOs and household stock market participation	14
Uniform Mortgage Regulation and Distortion in Capital Allocation	14
Correction to: Finance Leases: In the Shadow of Banks	14
Complementarity of sovereign and corporate debt issuance: mind the gap	14
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks	13
Common risk factors in cross-sectional FX options returns	13
Credit ratings: strategic issuer disclosure and optimal screening	13
Do private firms (mis)learn from the stock market?	12
Momentum, Reversals, and Investor Clientele	12
Gate Fees: The Pervasive Effect of IPO Restrictions on Chinese Equity Markets	12
Hedge funds and the positive idiosyncratic volatility effect	12
A Theory of the Nominal Character of Stock Securities	12
Entrepreneur Death and Startup Performance	11
Indirect Costs of Financial Distress	11
Dissemination, Publication, and Impact of Finance Research: When Novelty Meets Conventionality	10
Do investors care about biodiversity?	10
Cross-Border Bank Flows and Systemic Risk	10
Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds	10
A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion	10
Do Place-Based Policies Promote Local Innovation and Entrepreneurship?*	10
Moneyness, Underlying Asset Volatility, and the Cross-Section of Option Returns	9
Asset Prices and Portfolios with Externalities	9
Does Socially Responsible Investing Change Firm Behavior?	8
Optimal investment and equilibrium pricing under ambiguity	8

Do sell-side analysts say “buy” while whispering “sell”?	8
Do Responsible Investors Invest Responsibly?	8
Finance Leases: In the Shadow of Banks	8
Pricing event risk: evidence from concave implied volatility curves	8
Revisiting board independence mandates: Evidence from director reclassifications	8
Language and Domain Specificity: A Chinese Financial Sentiment Dictionary	8
A Tale of Two Cities: Mainland Chinese Buyers in the Hong Kong Housing Market	7
Firm financing through insider stock pledges	7
Escaping Air Pollution: Immigrants, Students, and Spillover Effects on Property Prices Abroad	7
Leverage and Cash Dynamics	7
Delegated Learning and Contract Commonality in Asset Management	7
Search-Based Peer Groups and Commonality in Liquidity	7
Securities law precedents, legal liability, and financial reporting quality	7
Market Timing and Predictability in FX Markets	7
The start matters: time-varying investor demand, hedge fund inceptions, and performance	7
Long-Horizon Stock Returns Are Positively Skewed	7
Erratum to: ADHD Symptoms and Financial Distress	7
Humans in charge of trading robots: the first experiment	7
Strategic borrowing from passive investors	6
Withdrawn as Duplicate: Bank Stress Testing: Public Interest or Regulatory Capture?	6
Hub-and-Spoke Regulation and Bank Leverage	6
Leasing as a Mitigation of Financial Accelerator Effects	6
Understanding households’ bank bond holdings	6
Political Networks and Stock Price Comovement: Evidence from Network-Connected Firms in China	6
Does express delivery run ahead of stock price?	6
Corporate governance, meritocracy, and careers	5
Models behaving badly: The limits of data-driven lending	5
How Important is Affiliation Between Mutual Funds and Distributors for Fund Flows?	5
How Do Options Add Value? Evidence from the Convertible Bond Market	5
Correction to: Margin constraints and asset prices	5
Return Extrapolation and Dividends	5
External financing, technological changes, and employees	5
CISS of death: measuring financial crises in real time	5
The power of the people: labor unions and corporate social responsibility	5
A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis	5