OOIR: Observatory of International Research

Papers

(The median citation count of Review of 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 2021-08-01 to 2025-08-01.)

Article	Citations
Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk	1458
Mortgage Debt, Hand-to-Mouth Households, and Monetary Policy Transmission	179
Sources of Value Creation in Private Equity Buyouts of Private Firms	142
Building trust takes time: limits to arbitrage for blockchain-based assets	136
Director Expertise and Corporate Sustainability	134
Climate Change Risk and the Cost of Mortgage Credit	133
Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks	119
Forward Guidance and Corporate Lending	109
Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds	100
How Important is Affiliation Between Mutual Funds and Distributors for Fund Flows?	94
Tick Size Wars: The Market Quality Effects of Pricing Grid Competition	91
Asymmetric Information and Corporate Lending: Evidence from SME Bond Markets	86
Comparing Past and Present Inflation	79
Property rights, political connections, and corporate investment	79
Supervisory cooperation and regulatory arbitrage	75
Experience Effects in Finance: Foundations, Applications, and Future Directions	73
Debt Renegotiations Outside Distress	72
Contracting when enforcement is weak: evidence from an audit study	69
Securities financing and asset markets: new evidence	64
Are Carbon Emissions Associated with Stock Returns? Comment	58
Privacy policies and consumer data extraction: evidence from US firms	52
Trust and delegated investing: a Money Doctors experiment	51
Bank presence and health	46
Move a little closer? Information sharing and the spatial clustering of bank branches	44
Political Beta	43

Not in my backyard: intrinsic motivation and corporate pollution abatement	41
Bear Beta or Speculative Beta?—Reconciling the Evidence on Downside Risk Premium	41
The Costs and Benefits of Liquidity Regulations: Lessons from an Idle Monetary Policy Tool	39
The term structure of equity yields—a bottom-up approach	38
Debt and taxes: the role of corporate group structure	34
Liquidity and the strategic value of information	34
Decomposing Long Bond Returns: A Decentralized Theory	33
The Risk of Implicit Guarantees: Evidence from Shadow Banks in China	31
Disaster Relief, Inc.: when is corporate philanthropy good or bad for shareholders?	31
Fresh air eases work—the effect of air quality on individual investor activity	30
Regulatory Sandboxes and Fintech Funding: Evidence from the UK	27
ESG shareholder engagement and downside risk	24
Uniform Mortgage Regulation and Distortion in Capital Allocation	23
Correction to: Finance Leases: In the Shadow of Banks	22
Revisiting board independence mandates: Evidence from director reclassifications	21
Momentum, Reversals, and Investor Clientele	21
Do investors care about biodiversity?	21
Hedge funds and the positive idiosyncratic volatility effect	21
Understanding households’ bank bond holdings	20
Do Place-Based Policies Promote Local Innovation and Entrepreneurship?*	20
How Do Options Add Value? Evidence from the Convertible Bond Market	19
A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis	19
Low Carbon Mutual Funds	18
The Term Structure of Short Selling Costs	17
Circuit breakers and market runs	17
Private Company Valuations by Mutual Funds	17
Introduction: Special Issue on China I	15
On the valuation skills of corporate bond mutual funds	15
Macroeconomic News and Stock–Bond Comovement	15
Stock repurchasing bias of mutual funds	15
Extrapolative income expectations and retirement savings	15
Financial Intermediation, Capital Accumulation, and Crisis Recovery	14
Special Repo Rates and the Cross-Section of Bond Prices: The Role of the Special Collateral Risk Premium	14
Pricing protest: the response of financial markets to social unrest	14
Cross-sectional expected returns: new Fama–MacBeth regressions in the era of machine learning	14
Large orders in small markets: execution with endogenous liquidity supply	14
The Variance Risk Premium in Equilibrium Models	14
A New Wolf in Town? Pump-and-Dump Manipulation in Cryptocurrency Markets	13
When passive funds affect prices: evidence from volatility and commodity ETFs	13
Common ownership and creative destruction: evidence from US consumers	13
Save more tomorrow, today: experimental evidence on the role of precommitment, urgency, and personalization	12
Determinants of Short-Term Corporate Yield Spreads: Evidence from the Commercial Paper Market	12
Optimal Capital Structure with Stock Market Feedback	12
Passive ownership and short selling	12
Capital Gains Tax, Venture Capital, and Innovation in Start-Ups	12
The green sin: how exchange rate volatility and financial openness affect green premia	12
Social Networks and Hedge Fund Activism	11
Market accessibility, bond ETFs, and liquidity	11
Expanding Footprints: The Impact of Passenger Transportation on Corporate Locations	11
Asset Prices and Portfolios with Externalities	10

Do sell-side analysts say “buy” while whispering “sell”?	10
Cross-Border Bank Flows and Systemic Risk	10
Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds	10
Correction to: Margin constraints and asset prices	10
Corporate governance, meritocracy, and careers	9
Humans in charge of trading robots: the first experiment	9
Does express delivery run ahead of stock price?	9
Social Media and Financial News Manipulation	9
Search-Based Peer Groups and Commonality in Liquidity	9
Firm financing through insider stock pledges	9
Data versus Collateral	8
Paying off the competition: contracting, market power, and innovation incentives	8
Do Anomalies Really Predict Market Returns? New Data and New Evidence	8
Capital Regulations and the Management of Credit Commitments during Crisis Times	7
Mobile Apps and Financial Decision Making	7
Valuing Data as an Asset	7
Is one share/one vote optimal?	7
The Term Structure of Equity Risk Premia: Levered Noise and New Estimates	7
Responsible Hedge Funds	7
The Coming Rise in Residential Inflation	7
Yield curve momentum	7
Bank regulation, investment, and capital requirements under adverse selection	7
Cash is king? Understanding financing risk in housing markets	6
Dual Ownership and Risk-Taking Incentives in Managerial Compensation	6
Sustainable Finance	6
Does the level of cash always increase with firm size? Theory and evidence from small firms	6
Does Money Talk? Divestitures and Corporate Environmental and Social Policies	6
Mutual funds’ strategic voting on environmental and social issues	6
The TIPS Liquidity Premium	6
Do salient climatic risks affect shareholder voting?	6
On the Economic Significance of Stock Return Predictability	6
Are Carbon Emissions Associated with Stock Returns?—Reply	6