International Review of Finance

2000 - 2025

Current editor(s): Bruce D. Grundy, Naifu Chen, Ming Huang, Takao Kobayashi and Sheridan Titman

From International Review of Finance Ltd.
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Volume 25, issue 1, 2025

Political protection: The case of large‐scale oil spills and the stock prices of energy firms

Ahmed S. Baig, Benjamin M. Blau, Todd G. Griffith and Ryan J. Whitby

Foreign institutional ownership and corporate labor investment

Trung K. Do and Anh‐Tuan Le

Climate change, tax avoidance, and shareholder value: Evidence from the Paris Agreement

Pattanaporn Chatjuthamard, Pandej Chintrakarn, Pornsit Jiraporn and Sang Mook Lee

Environmental protection tax and trade credit: Evidence from China

Xueyao Lu, Lin Cheng and Yuhao Niu

Do non‐controlling blockholders with common ownership monitor controlling shareholders effectively? Evidence from China

Kai Wang and Lihong Wang

The real effect of CDS trading: Evidence from corporate employment

Shaojie Lai, Shiang Liu, Xiaoling Pu and Jianing Zhang

Do passive investors influence corporate social responsibility? A risk‐management perspective

Wenxuan Hou and Xiaoyu Zhang

The bright side of cross ownership: Evidence from the corporate resilience to COVID‐19 crisis in China

Yihui Chen, Xin He and Haoyuan Wei

The impact of democracy on liquidity and information asymmetry for NYSE cross‐listed stocks

Jang‐Chul Kim, Qing Su and Teressa Elliott

Dynamic impact of climate risks on financial systemic risk: Evidence from China

Ruwei Tian and Xin Li

Trust in the retirement system and investment decisions of property investors

Reza Tajaddini, Hassan Gholipour Fereidouni and Amir Arjomandi

The impact of country level investor protection on economic policy uncertainty and corporate investment link

Serhat Yildiz, Qun Wu and Ethan D. Watson

Does culture matter in corporate cash holdings?

Yongning Deng and Sipeng Zeng

Bond market structure and volatility

Isarin Durongkadej and Louis Piccotti

Regret aversion and asset pricing anomalies in the Chinese stock market

Yajie Wang and Jiayu Yang

Do stock markets care about climate change: A public media perspective

Minh Nhat Nguyen and Ruipeng Liu

Institutional investors and workplace safety

Chune Young Chung, Wonseok Choi and Huy Pham

Corporate culture and debt maturity

Suzona Asad, Mostafa Monzur Hasan and Buhui Qiu

Forecasting China's inflation rate: Evidence from machine learning methods

Xingfu Xu, Shufei Li and Wei‐han Liu

Initial public offering over‐issuance and a firm's acquisition behavior: Evidence from China

Nancy Huyghebaert, Ting Liu and Lihong Wang

Testing and forecasting price jumps with return moments

Fang Zhen, Xinfeng Ruan and Jin E. Zhang

Public trust and bank branching regulation on personal loan grants and default risk: Evidence from regional commercial banks in China

Mohan Fonseka and Grant Richardson

Risk‐averse or altruistic? Board chairs' early‐life experience and debt maturity

Yong Chen, Yun‐Ching Chang and Guan‐Ying Huang

Inventor‐base concentration and corporate cash holdings

Jin Wang

Do environmental, social, and governance disclosure assurance reduce the cost of equity capital? Evidence from Chinese listed financial institutions

Hao Huang, Li Tang and Ling Zhao

Can financial education programs alleviate household vulnerability to poverty? Evidence from the JinHui financial education project in China

Ziying Yang, Man Guo, Tian Xiong and Manping Tang

The informational role of cross‐border trading: Evidence from the intraday price discovery in China

Kalok Chan and Yuan Lu

Local bias under natural disasters

Haiqiang Chen, Yining Chen and Dongxu Li

Bond defaults in China: Using machine learning to make predictions

Bei Cui, Li Ge and Priscila Grecov

The efficiency of corporate R&D investments: Information‐sharing and government subsidies

Zhaohua Li and Takeshi Yamada

A direct measure of investor sentiment

Haiyuan Yin, Sophie X. Kong and Wenjuan Kou

Volume 24, issue 4, 2024

Do retail investors gamble more during lockdown? pp. 572-603

Pantisa Pavabutr and Bin Zhao

Aggregate uncertainty, information acquisition, and analyst stock recommendations pp. 604-640

Amanjot Singh, Harminder Singh and Venura Welagedara

Why do managers announce the intention to sell large assets? pp. 641-668

Abe de Jong, Pouyan Ghazizadeh, Frederik P. Schlingemann and Farhan Shazia

Does size matter? Examining the probability of firm emergence from bankruptcy pp. 669-713

Miftah Zikri, Syed Shams, Afzalur Rashid and Chandrasekhar Krishnamurti

The information effect versus governance effect of comment letters: Evidence from the cost of equity capital pp. 714-742

Yikun Chen, Ning Hu, Yanan Cao, Savannah (Yuanyuan) Guo and Yuhan Wang

Marketization and corporate cash holdings: Role of financial constraint alleviation pp. 743-771

Lin Lei, Han Zhou and Dingding Wang

Optimal design of deferred compensation for bank executives under agency conflicts pp. 772-792

Liu Gan, Mingyu Xu, Yingxian Tan and Linyue Chen

The role of diversification in stabilizing bank credit over the business cycle pp. 793-813

Mirzet Šeho, Md. Mahmudul Haque and Mohammad Ashraful Chowdhury

Volume 24, issue 1, 2024

Do academic directors matter? Evidence from Taiwan equity market pp. 4-29

Tai‐Hsi Wu, Mei‐Chen Lin, Pei‐Ju Lucy Ting and Jyun Yan Huang

The price of the slow lane: Traffic congestion and stock block trading premium pp. 30-52

Tingqiu Cao, Xianhang Qian and Le Zhang

Cognition ability, financial advice seeking, and investment performance: New evidence from China pp. 53-82

Ziying Yang, Jie Gao and Du Yu

Return and volatility connectedness and net directional patterns in spillover transmissions: East and Southeast Asian equity markets pp. 83-103

Cesario Mateus, Miramir Bagirov and Irina Mateus

Different demands for almost the same assets? Demographic structure's different effect on direct and indirect equity purchase pp. 104-127

Sei‐Wan Kim and Namwon Hyung

In family we trust—In good and bad times pp. 128-138

Philippe Masset, Cédric Poretti and Jean‐Philippe Weisskopf

The effect of corporate annual report quality on the relationship between institutional blockholder monitoring and firm's information environment pp. 139-153

Chune Young Chung, Amirhossein Fard and Hong Kee Sul

Climate risks and forecastability of the weekly state‐level economic conditions of the United States pp. 154-162

Oguzhan Cepni, Rangan Gupta, Wenting Liao and Jun Ma

Volume 23, issue 4, 2023

Impact of professor‐directors on Chinese firms' environmental performance pp. 696-720

Liqiang Chen, Hong Fan and Xiaofei Song

Local green finance policies and corporate ESG performance pp. 721-749

Qihang Xue, Huimin Wang and Caiquan Bai

Accumulating human capital: Corporate innovation and firm value pp. 750-776

Xun Wang and Jingwen Yu

Political institutions and corporate risk‐taking: International evidence pp. 777-793

Helen X. H. Bao and Rohan Cardoza

The contribution of macroprudential policies to banks' resilience: Lessons from the systemic crises and the COVID‐19 pandemic shock pp. 794-830

Tiago Matos, João C. A. Teixeira and Tiago M. Dutra

Topic tones of analyst reports and stock returns: A deep learning approach pp. 831-858

Hitoshi Iwasaki, Ying Chen and Jun Tu

The cross‐predictability of industry returns in international financial markets pp. 859-885

Xin Wang and Haofei Zhang

Economic growth and labor investment efficiency pp. 886-902

Amanjot Singh

A novel approach to portfolio selection using news volume and sentiment pp. 903-917

Kin‐Yip Ho, Kun Tracy Wang and Wanbin Walter Wang

Volume 23, issue 3, 2023

Environmental performance and employee welfare: Evidence from health benefit costs pp. 484-501

Yuqi Gu

The impacts of RMB internationalization on onshore and offshore RMB markets pp. 502-523

Yang‐Chao Wang, Jui‐Jung Tsai, Shushu Li and Yiying Huang

Influence of dividend tax policy tied to investment horizon on stock price stability: Evidence from the 2015 dividend tax reform in China pp. 524-552

Nianzhi Guo, Ping‐Wen Sun and Huiqin Xiao

Institutional investors and cross‐border mergers and acquisitions: The 2000–2018 period pp. 553-583

Jinsuk Yang, Qing Hao and Mahmut Yasar

Political uncertainty and investments by private and state‐owned enterprises pp. 584-614

Neeru Chaudhry and Chris Veld

Firm‐level political risk and implied cost of equity capital pp. 615-644

Dev Mishra

Robust irreversible investment strategy with ambiguity to jump and diffusion risk pp. 645-665

Shuang Li and Haijun Wang

Economic policy uncertainty and fund flow performance sensitivity: Evidence from New Zealand pp. 666-679

Sara Ali, Ihsan Badshah, Riza Demirer and Prasad Hegde

Trade dependence and stock market reaction to the Russia‐Ukraine war pp. 680-691

Reza Tajaddini and Hassan Gholipour Fereidouni

Volume 23, issue 2, 2023

Climate risks and U.S. stock‐market tail risks: A forecasting experiment using over a century of data pp. 228-244

Afees Salisu, Christian Pierdzioch, Rangan Gupta and Renee van Eyden

Average skewness in global equity markets pp. 245-271

Yigit Atilgan, K. Ozgur Demirtas, A. Doruk Gunaydin and Imra Kirli

The real effects of local mutual funds: Evidence from corporate innovation pp. 272-300

Hyoseok (David) Hwang

Buy and buy again: The impact of unique reference points on (re)purchase decisions pp. 301-316

Gizelle D. Willows and Daniel W. Richards

The trend premium around the world: Evidence from the stock market pp. 317-358

Hai Lin, Pengfei Liu and Cheng Zhang

Institutional investors' corporate site visits and corporate investment efficiency pp. 359-392

He Xiao

Co‐movement among oil, stock, bond, and housing markets: An analysis of U.S., Asian, and European economies pp. 393-436

Nafeesa Yunus

An analysis of the evolution of global financial network of the coordinated portfolio investment survey pp. 437-459

Sang Jin Ahn, Jae Woong Jung, Hyeng Keun Koo and Seryoong Ahn

A new unique impulse response function in linear vector autoregressive models pp. 460-468

Yanlin Shi

An explosion time characterization of asset price bubbles pp. 469-479

Robert Jarrow and Simon S. Kwok

Volume 23, issue 1, 2023

Are socially responsible exchange‐traded funds paying off in performance? pp. 4-26

Ya Dai, Liang Guo, Steve Liu and Hongxian Zhang

Social responsibility, moral hazard, and collateral requirement: Evidence from a quasi‐natural experiment in India pp. 27-36

Nemiraja Jadiyappa, Santosh Shrivastava and Avinash Ghalke

The role of tail network topological characteristic in portfolio selection: A TNA‐PMC model pp. 37-57

Mengting Li, Qifa Xu, Cuixia Jiang and Qinna Zhao

Stock return predictability of the cumulative abnormal returns around the earnings announcement date: Evidence from China pp. 58-86

Ping‐Wen Sun and Zipeng Wen

How does the volatility‐timing strategy perform in mutual funds portfolios pp. 87-102

Zhida Yin, Jilin Jiang and Zongxin Qian

Stock market, credit market, and heterogeneous innovations pp. 103-129

Xun Wang

The maturity‐lengthening role of national development banks pp. 130-157

Alfredo Schclarek, Jiajun Xu and Jianye Yan

Impact of mortgage soft information in loan pricing on default prediction using machine learning pp. 158-186

Thi Mai Luong, Harald Scheule and Nitya Wanzare

Quantile price convergence and spillover effects among Bitcoin, Fintech, and artificial intelligence stocks pp. 187-205

Emmanuel Abakah, Aviral Tiwari, Chi‐Chuan Lee and Matthew Ntow‐Gyamfi

Information of employee decisions and stock returns in the Korean stock market pp. 206-224

Jaewan Bae and Jangkoo Kang