International Review of Financial Analysis

1992 - 2025

Current editor(s): B.M. Lucey

From Elsevier
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Volume 106, issue C, 2025

Equal Employment Opportunity Statement and underpricing in Initial Public Offerings

Jin Huang, Yucheng Huang, Fengshi Jing, Ziang Wang and Bingqing Zhao

Managing extreme risks and interdependence between green cryptocurrencies and precious metals

Shafique Ur Rehman and Desheng Wu

Concentration in mutual fund equity holdings during global economic crises

Mark Fedenia, Hilla Skiba and Tatyana Sokolyk

Weekday variations in the Chinese crude oil futures market: Unveiling the influence of COVID-19 and EIA shocks

Tian Yue, Lu-Lu Li and Wenfeng Wu

Financial system development and trade relations

Bowei Li, Yuyang Dai, Hongmei Yang, Wanlin Chen, Ran Xu and Xiaomin Yin

The synergistic effects of digital technology application on corporate green innovation: Empirical evidence from China

Jing Song, Lixing Xue and Yu Song

Semiconductor game of thrones: A comprehensive study of geopolitical and equity market uncertainty transmission

Małgorzata Snarska, Sylwia Frydrych, Michał Łukowski, Maria Czech and Katarzyna Perez

The impact of biodiversity score on the European firm’s performance

Caterina Di Tommaso, Matteo Foglia and Vincenzo Pacelli

Corporate tax avoidance and stock returns: Unveiling the moderating mechanism of tax plans

Yunxia Bai, Xiaohan Liu and Fahad Alam

Exporting like China: Vertical spillover effects of firms exporting digital products

Kun Li, Peifeng Cai and Jing Wang

The impact of administrative monopoly regulation on industrial enterprises' green transformation: Evidence from China's Fair Competition Review System

Ge Zhang, Songxian Liu and Bingnan Guo

Spatial proximity in venture capital investments and assets intangibility

Xinyue Cai, Peigong Li and Wanwan Zhu

On the time-varying relation between monetary policy uncertainty and bond risk premia

Luyang Li, Ximing Yin and Deshui Yu

Sequential questioning and structured responses: Enhancing the information effectiveness of corporate site visits

Jinyu Yang, Dayong Dong and Chao Liang

The impact and mechanism of digital finance on urban economic resilience

Lijuan Zhao, Junhong Shi and Ya Tao

Reassessing the Illiquidity-Return Relationship: Evidence from Germany, the UK, and the U.S

Thomas Paul, Abdullah Aryoubi and Thomas Walther

The RMB value added real effective exchange rate: Theory, measurement and analysis

Tianyu Hou and Chang Xie

Collateral reform and firm value: Empirical evidence from the natural experiment of civil code of the PRC

Shuwen Wang, Ruiqi Yang and Yanru Li

The economics of resale royalties: Evidence from non-fungible tokens

Yutong Sun, Shangrong Jiang and Shouyang Wang

Can governmental innovation subsidies promote firm innovative economic efficiency? Evidence from China

Yupeng Zhang and Yuchuan Yang

Sharing weal and woe: Do geopolitical risks affect corporate innovation? A global supply chain perspective

Ziyin Huang, Zhuopin Guo, Junsong Chen and Jin Huang

Institutional investors' cross-ownership and internal control quality

Wei Zhou, Baohua Liu, Tao Chen and Yining Chen

Digital transformation and corporate fraud: Evidence from China

Chao Lu, Yiwen Zhao, Kai Xing and Jinxin Liu

Reluctant participants? Weather extremes and ESG inconsistencies

Zhijian Yu

ESG disclosure as advertisement of corporate bond issuances

Andreas G.F. Hoepner, Frank Schiemann, Fabiola I. Schneider and Raphael Tietmeyer

Corporate environmental performance and bond financing cost: A multi-stakeholder signaling perspective

Lan Wang, Xinge Ding, Yudong Yang and Ruiyi Wu

Break down data silos: Does public data openness improve corporate ESG performance?

Song Nie, Shihao Wang and Qiang Ji

Intelligent manufacturing, media attention, and sustainable development performance

Wenlei Shi, Limeng Ying, Guohua Ma, Yanfang Niu, Yuanyuan Lv and Xiaofang Xu

Driving green development: The influence of green credit and informatization-industrialization integration on reducing corporate carbon emissions

Gaocai Chen and Fan Wang

The effect of financial marketization on the nexus between ESG rating uncertainty and corporate innovation

Deng-Kui Si, Fu-You Zhou, Xiao-Lin Li and Dongmin Kong

Trade openness, market integration and economic growth: Evidence from China

Chenyang Yu and Cong Gu

Machine confirming: Validating financial theories with transfer learning

Xin Zhao, Yue Li and Tongyu Wang

Effect of green inclusive finance on carbon emission efficiency: Empirical evidence from provincial panel data in China

Dingjun Yao, Yu Zhang, Jinzhan Hu and Hua Zhou

When trade meets tradition: Unpacking cultural differences and their impact on China’s international trade

Bin Yu, Xingyu Zhong, Binam Ghimire and Niranjan Sapkota

Environmental regulations and corporate supply chain deviation: Evidence and financial implications for sustainable economic development

Xiaohang Ren, Zihui Liao, Miaomiao Tao and Ya Xiao

How does government transparency affect regional financing efficiency? An examination based on the level of provincial government information disclosure

Chuang Liu and Yuxuan Li

Does digital transformation enhance financial flexibility?

Defang Ma, Jindong Wang, Bo Zeng, Ying Liu and Yuze Xie

Does ecology protection conflict with corporate development? Evidence from biodiversity and corporate total factor productivity in China

Yulei Li, Shiyang Hu and Bo Zhu

Air pollution and household commercial insurance purchasing behavior

Jie Lei and Tongyu Wang

The externalities of managerial myopia: Aspiration performance gap and film quality in China

Yiye Yang, Xiaohong Li, Qihao Zhang and Pengdong Zhang

Corporate integrity culture and debt costs

Xiaofang Guo, Xingye Jin, Jingyu Wang and Congjiang Zuo

Governance or collusion? How institutional co-ownership and digital transformation reshape corporate maturity mismatch in investment and financing

Jun Zhai, Zi-lan Zhao, Wen-hao Guo, Bo-wen Yao and Xiao-yan Li

Ark amidst floods: Evidence from personal credit at a Chinese bank

Sichong Chen, Qiyuan Xu, Jingjing Zeng and Yunfeng Zhao

Cross-border banking and the transmission of global shocks to credit cycles in developing economies: A commodity price cycles channel

François d'Assises Babou Bationo, Victor Murinde and Issouf Soumaré

Beyond jobs and wages: The hidden cost of automation on corporate social security contributions

Linlin Wang, Chun Liu, Ding Liu and Yi Zhang

The effect of ESG regulatory enforcement on green bond price efficiency

Zhibin Hao and Jia Guan

Green image, digital transformation, and corporate green innovation

Jinghao Ma, Yujie Shang and Liming Liu

Exploring electronic word-of-mouth evaluation bias caused by online buyer-seller interaction

Ya-Ling Chiu, Yuan-Teng Hsu, Jying-Nan Wang and Chao Yan

Dividends and cash flow risk: Exploring an inverted J-shaped relationship

Jing Nie, Huiyun Ge and Xue Chang

Analysts' escape: The information cost of anti-organized crime

Maoyong Cheng, Zhenjun Li and Dongmin Kong

Climate finance and the short-term debt long-term use of enterprises

Zirong Li, Hong Li, Yan Peng and Jingbo Li

How do data assets affect firm investment?

Shengpeng Xiao, Kedong Wu, Xiao Xiao and Changqing Lin

Digital transformation and green finance efficiency of tourism enterprises: The effect of credit ratings

Xincai Ye and Lin Miao

The impact of digital infrastructure on urban radical innovation: Evidence from the “Broadband China” Demonstration Policy

Xinpeng Wang and Yingying Zhang

Can Industry-Specific Information Disclosure Guidelines Alleviate Corporate ESG Divergence? Evidence from Chinese List Companies

Linghui Kong, Rongquan Chen, Xinyu Huang and Fan Wang

Networked liquidity risk contagion in high-carbon sectors: The role of multi-agent behavioral constraints

Wenyi Wang, Haifei Liu, Lei Wang and Zhen Che

Research on the driving effect of digital inclusive finance on the integration of agriculture, culture and tourism

Guoqing Huang, Qitao Yang, Honghao Zhang, Liying Wang and Xingming Li

Climate risks and corporate leverage

Wenzhe Zhang and Dongmin Kong

Local government debt and corporate labor decisions: Evidence from China

Guanglong Zhang, Qi Lin and Kam C. Chan

Information or power? Financial infrastructure and carbon information disclosure

Yuhui Wu, Yanan Tian, Jie Han and Zhilun Zhang

The effect of third-party certification for green bonds: Evidence from China

Hongwei Xing and Tongtong Wu

Tax incentives, supply chain spillovers, and human capital structural upgrading

Jingyi Li, Wanni Liu, Liang Chen and Haibo Qi

Peer effects of ESG greenwashing within board networks

Yuetong Chen, Dekun Liu, Haiyang He and Liuchuang Li

Digital transformation and wage distortion in R&D and innovation activities - Causal inference based on double machine learning

Yijiu Ding, Bo Li, Shenglin Ma, Chunrong Yu and Xiaoyi Zhao

The impact of job quality on household risky financial asset allocation

Author Name and Hongjiao Liu

Can readability of the ESG report alleviate rating divergence?

Qilin Cao, Qian Ren, Wenke Wang, Mengxi Ren and Haochen Jia

The measurement of financialization and its dynamic relevance with the real economy growth: A TVP-VAR analysis

Jinyan Wu and Yajun Wang

Exploring resilience in the cryptocurrency market: Risk transmission and network robustness

Wei Yin, Fan Wu, Peng Zhou and Berna Kirkulak-Uludag

Impact of differentiated green incentive policies on traditional and certified green product markets

Jingzhe Gao and Haixiao Wei

The impact of artificial intelligence on the green governance performance of enterprises

Mengke Yu, Qingyang Sun and Hui Huang

Nearer means better? CSRC proximity and ESG greenwashing

Zhonghai Yang, Pingting Song and Meng Xu

Green finance, green innovation and carbon intensity

Qi Li, Hanyun Lei and Minggui Yu

Chain leader policy and corporate green innovation—Perspectives of financing constraints and risk-taking

Jingyi Zhou and Mengyuan Xie

Going out and bringing in: Impact of digital finance on firms' cross-regional investments

Cuihua Zhu and Jingyuan Yu

Spillovers from oil price uncertainty to Chinese sectoral stock returns: New insights from effective transfer entropy

Jihong Xiao, Wen Xu, Hong Liu and Yunning Zhao

Restricting insider trading through increasing managerial risk aversion – A behavioral mechanism

Dongxiao Shen and Guanming He

Do banks price firms' biodiversity risk? Evidence from the Kunming declaration

Jun Li, Yihang Jin and Peng Zhou

Why financial economics cannot explain financial management

Tiago Cardão-Pito

Research of FDI and the reduction of the state capital in private firms——Empirical evidence during the crisis period

Peng Gao, Yating Liang, Yujie Tan and Bo Yang

Intelligent manufacturing and the pay gap within firms

Yanqiong Li and Linlang Zhang

Enhancing firm resilience: A dual focus on value creation and risk mitigation

Xiaobo Li, Anna Fung, Hung-Gay Fung and Hongmin Jin

Digital technology preferences in chinese cities from a trade competitiveness perspective

Sisi Zhang and Dexiang Mei

How does environmental regulation affect the sectoral and spatial effects of corporate energy technology innovation spillovers? Evidence from urban clusters in China

Dongyang Zhang and Dingchuan Bai

Do EU-China spillover effects inhibit China's carbon market volatility? A mixed data sampling approach

Yan Fang, Chen Zhu, Xiaojing Chen and Yang Yi

Green financing for ESG investments and wages in a sustainable economy

Hamid Beladi, Chi-Chur Chao, Cong Tam Trinh and Mong Shan Ee

Financial institution coverage and firm's cross-regional investment: Evidence from China

Jennhae Liou, Zijin Wang, Tzeryan Jiau and Qiuyun Zhao

How does green finance influence enterprise greenwashing tendencies? Theoretical and empirical evidence from China

Qianxu Liang, Chaonan Wang and Yongping Li

Embracing paradox: The digital innovation strategy and corporate value—The moderating role of CEO-TMT cognitive complementarity and executive equity incentives

Linjun Cao and Lidong Wu

Cultural biases in the investment decision-making process of institutional investors

Haili Wu

Financial openness, major events, and exchange rate linkage: Empirical analysis based on the DCC-MIDAS model

Wenwen Zhang, Yaosong Zhan and Yiwei Liang

Executives' financial background, corporate financialization and corporate innovation

Tongtong Sun, Ziliang Xie, Yunxing Song and Maopeng Lu

The dual effects of supplier stability on corporate innovation: A path dependence perspective

Chen He, Bo Peng, Yahao Dong and Bofu Deng

Modeling a nonradial measure in nonconvex global technology for banking sector: Evidence from commercial banks in China

Jie Wu, Jipeng Liu and Yinghao Pan

Can brand co-branding trigger stock price volatility? The insider effect of executive trading behavior

Guobin Zhao, Wei Shao, Haroon Iqbal Maseeh, Xue Lei, Ouwen Lin and Yanzhe Yuan

Does stock market liberalization restrain corporate misconduct: Evidence from research and development manipulation

Zhida Zhang, Peiheng Ruan and Yuetang Wang