International Review of Financial Analysis

1992 - 2025

Current editor(s): B.M. Lucey

From Elsevier
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Volume 85, issue C, 2023

Climate transition risk in U.S. loan portfolios: Are all banks the same?

Quyen Nguyen, Ivan Diaz-Rainey, Duminda Kuruppuarachchi, Matthew McCarten and Kian Tan

Peer performance and the asymmetric timeliness of earnings recognition

Zheng Fu, Yechi Ma, Suyang Li and Lu Qiao

When does the Japan Empowering Women Index outperform its parent and the ESG Select Leaders Indexes?

Kohei Aono and Tatsuyoshi Okimoto

A dynamic analysis of the neglected firm effect

Athanasios Andrikopoulos and Min Zheng

Can minority investor activism promote corporate risk-taking? Evidence from a quasi-natural experiment in China

Shen Chen, Yuran Chen, Di Zhang and Jinmei Wang

Catastrophe bond pricing in the primary market: The issuer effect and pricing factors

Marian Chatoro, Sovan Mitra, Athanasios A. Pantelous and Jia Shao

The impact of different goodwill accounting methods on stock prices: A comparison of amortization and impairment-only methodologies

Emanuel Bagna, Enrico Cotta Ramusino and Matteo Ogliari

Comovements between multidimensional investor sentiment and returns on internet financial products

Rongda Chen, Shengnan Wang, Chenglu Jin, Jingjing Yu, Xinyu Zhang and Shuonan Zhang

Disproportional control rights and debt maturity

Ning Gao, Wei Jiang and Jiaxu Jin

Does Fintech facilitate cross-border M&As? Evidence from Chinese A-share listed firms

Yichen Wang, Jun Hu and Jia Chen

A bibliometric analysis of cultural finance

John W. Goodell, Satish Kumar, Oumaima Lahmar and Nitesh Pandey

From dusk till dawn (and vice versa): Overnight-versus-daytime reversals and feedback trading

Vasileios Kallinterakis and Rabaa Karaa

In search of climate distress risk

Quyen Nguyen, Ivan Diaz-Rainey and Duminda Kuruppuarachchi

CEO personality traits and debt contracting: Evidence from pilot CEOs

Steven Freund, Tunde Kovacs, Nam H. Nguyen and Hieu V. Phan

Measuring financial soundness around the world: A machine learning approach

Alessandro Bitetto, Paola Cerchiello and Charilaos Mertzanis

Serving the truth: Do directors with media background improve financial reporting quality?

Jing Bai, Xuesong Tang and Yuxin Zheng

Dissecting hedge funds' strategies

Mohammad Noori and Asmerilda Hitaj

Volatility forecasting of crude oil futures market: Which structural change-based HAR models have better performance?

Yue-Jun Zhang and Han Zhang

A novel downside beta and expected stock returns

Jinjing Liu

Corporate investment, financing, and exit model with an earnings-based borrowing constraint

Michi Nishihara, Takashi Shibata and Chuanqian Zhang

The change in stock-selection risk and stock market returns

Jing Liu, Qiubei He, Yan Li, Luu Duc Toan Huynh and Chao Liang

COVID-19 and finance scholarship: A systematic and bibliometric analysis

Sabri Boubaker, John W. Goodell, Satish Kumar and Riya Sureka

Business groups and environmental violations: Evidence from China

Yasir Shahab, Tanveer Hussain, Peng Wang, Ma Zhong and Satish Kumar

Analyst coverage and the idiosyncratic skewness effect in the Taiwan stock market

Mei-Chen Lin

Does broadband infrastructure affect corporate mergers and acquisitions? Quasi-natural experimental evidence from China

Nan Sun, Dongmin Kong and Yunqing Tao

The calming effects of conflict: The impact of partisan conflict on market volatility

Deborah B. Beyer and Zaifeng S. Fan

Forecasting global stock market volatilities in an uncertain world

Zhao-Chen Li, Chi Xie, Zhi-Jian Zeng, Gang-Jin Wang and Ting Zhang

The European Central Bank and green finance: How would the green quantitative easing affect the investors' behavior during times of crisis?

Donia Aloui, Ramzi Benkraiem, Khaled Guesmi and Samuel Vigne

Visiting monks: Are nonlocal CEOs paid more?☆

Lian Guo, Diefeng Peng, Yulei Rao and Zili Zhuang

Information flows and the law of one price

Rui Fan, Oleksandr Talavera and Vu Tran

Signaling effect of cash holdings adjustment before bond issuance

Chien-Chiang Lee, Chih-Wei Wang and Zhi-Ting Xu

Electronic payment, natural environment and household consumption: Evidence from China household finance survey

Jiayi Li, Sumei Luo and Guangyou Zhou

Broadband internet and stock market participation

Yi Wang, Geng Niu, Yang Zhou and Weijie Lu

Volume 84, issue C, 2022

Fund portfolio networks: A climate risk perspective

Adrien Amzallag

How does news sentiment affect the states of Japanese stock return volatility?

Lingbing Feng, Tong Fu and Yanlin Shi

Insurance-adjusted valuation, decision making, and capital return

Hangsuck Lee, Doojin Ryu and Jihoon Son

Do shareholder views affect corporate political activities?

Andreas G.F. Hoepner and Ming-Tsung Lin

Two sides of the same coin: Green Taxonomy alignment versus transition risk in financial portfolios

Lucia Alessi and Stefano Battiston

Is there “productivity paradox” in Chinese producer-service enterprises' OFDI?

Yixin Dai, Ruijia Zhang, Hanqing Hu and Keqiang Hou

Multiscaling and rough volatility: An empirical investigation

Giuseppe Brandi and T. Di Matteo

Does tax avoidance increase or decrease when tax enforcement is stronger? Evidence using CSR heterogeneity perspective

Ilanit Gavious, Gilad Livne and Ester Chen

Industry herding in crypto assets

Yuan Zhao, Nan Liu and Wanpeng Li

Estimating the impact of green ESIF in Romania using input-output model

Adriana AnaMaria Davidescu, Oana Popovici and Vasile Alecsandru Strat

Ambiguity and asset pricing: An empirical investigation for an emerging market

Baki Cem Şahin and Seza Danışoğlu

Macroeconomic attention, economic policy uncertainty, and stock volatility predictability

Feng Ma, Yangli Guo, Julien Chevallier and Dengshi Huang

Why do small businesses have difficulty in accessing bank financing?

Richard Harrison, Youwei Li, Samuel A. Vigne and Yuliang Wu

Category-specific EPU indices, macroeconomic variables and stock market return predictability

Qing Zeng, Xinjie Lu, Dayong Dong and Pan Li

Firm-level political risk and corporate leverage decisions

Daniel Gyimah, Albert Danso, Emmanuel Adu-Ameyaw and Agyenim Boateng

Term premium dynamics in an emerging market: Risk, liquidity, and behavioral factors

Cenk C. Karahan and Emre Soykök

An equilibrium model of the term structures of bonds and equities

Hideyuki Takamizawa

Internal information quality and financial policy peer effects

Yongda Liu, Carol Padgett and Chao Yin

Firm-level political sentiment and corporate tax avoidance

Yi Liu, Justin Jin, Zehua Zhang and Ran Zhao

Research on stock volatility risk and investor sentiment contagion from the perspective of multi-layer dynamic network

Xiao-Li Gong, Jian-Min Liu, Xiong Xiong and Wei Zhang

Carbon risk and dividend policy: Evidence from China

Bo Zhu and Rui Hou

Measuring systemic risk contribution of global stock markets: A dynamic tail risk network approach

Ze Wang, Xiangyun Gao, Shupei Huang, Qingru Sun, Zhihua Chen, Renwu Tang and Zengru Di

Non-state shareholders entering of state-owned enterprises and equity mispricing: Evidence from China

Wencong Li, Xingquan Yang and Xingqiang Yin

Terrorist attacks and corporate investment: The beneficial value of CEO overconfidence

Hyeong Joon Kim and Seongjae Mun

Chief financial officer overconfidence and stock price crash risk

Lu Qiao, Emmanuel Adegbite and Tam Huy Nguyen

Climate reputation risk and abnormal returns in the stock markets: A focus on large emitters

Gianni Guastella, Matteo Mazzarano, Stefano Pareglio and Anastasios Xepapadeas

The face of achievement: Editors' facial structure and journal performance

Jinfang Tian, Mingxuan Zhang, Rui Xue, Wei Cao and Yuli Shan

CEO overconfidence: Towards a new measure

Khalil Hatoum, Christophe Moussu and Roland Gillet

Critical dynamics related to a recent Bitcoin crash

Pavlos I. Zitis, Yiannis Contoyiannis and Stelios M. Potirakis

Do capital buffers matter? Evidence from the stocks and flows of nonperforming loans

Antonella Francesca Cicchiello, Matteo Cotugno, Salvatore Perdichizzi and Giuseppe Torluccio

Sustainable development: The impact of political risk, macroeconomic policy uncertainty and ethnic conflict

Ahmed Hunjra, Muhammad Azam, Maria Giuseppina Bruna, Peter Verhoeven and Mamdouh Abdulaziz Sa Al-Faryan

Dynamic trading with uncertain exit time and transaction costs in a general Markov market

Haixiang Yao, Danping Li and Huiling Wu

Can machine learning models save capital for banks? Evidence from a Spanish credit portfolio

Andres Alonso and José Manuel Carbó

ESG Controversies, ESG Disclosure and Analyst Forecast Accuracy

Frank Schiemann and Raphael Tietmeyer

Private market impact investing firms: Ownership structure and investment style

Theodor F. Cojoianu, Andreas G.F. Hoepner and Yanan Lin

Exploring the relationship between Bitcoin price and network’s hashrate within endogenous system

Jan Kubal and Ladislav Krištoufek

Stock market return predictability: A combination forecast perspective

Wendai Lv and Jipeng Qi

Oil price uncertainty and stock price informativeness: Evidence from investment-price sensitivity in China

Qi Zhu, Sisi Jin, Yuxuan Huang, Cheng Yan and Chuanglian Chen

Internal whistleblowing and stock price crash risk

Xiaowei Lin, Zijun Ding, Aihua Chen and Huaizhi Shi

Time and frequency connectedness of green equity indices: Uncovering a socially important link to Bitcoin

John W. Goodell, Shaen Corbet, Miklesh Prasad Yadav, Satish Kumar, Sudhi Sharma and Kunjana Malik

Effects of air pollution on accounting conservatism

Junfeng Wu, Baohua Liu, Samuel Chang and Kam C. Chan

Corporate misconduct, media coverage, and stock returns

Hee-Eun Kim, Hoje Jo, Tae-Wook Ahn and Junesuh Yi

The ESG effect on the cost of debt financing: A sharp RD analysis

Gimede Gigante and Davide Manglaviti

Does investor sentiment predict bitcoin return and volatility? A quantile regression approach

Ishanka K. Dias, J.M. Ruwani Fernando and P. Narada D. Fernando

Unidirectional and bidirectional LSTM models for edge weight predictions in dynamic cross-market equity networks

Biplab Bhattacharjee, Rajiv Kumar and Arunachalam Senthilkumar

Who buys Bitcoin? The cultural determinants of Bitcoin activity

Sean Foley, Bart Frijns, Alexandre Garel and Tai-Yong Roh

The bullwhip effect and credit default swap market: A study based on firm-specific bullwhip effect measure

Nan Hu, Peng Liang, Ling Liu and Lu Zhu

Sustainable mutual fund performance and flow in the recent years through the COVID-19 pandemic

Fei Fang and Sitikantha Parida

Media coverage and the decision to withdraw an IPO

Diego Amaya, Jean-Yves Filbien and Maher Kooli

ESG scores and target price accuracy: Evidence from sell-side recommendations in BRICS

Muhammad Umar, Nawazish Mirza, Syed Kumail Abbas Rizvi and Bushra Naqvi

Bank competition and corporate financial asset holdings

Guangning Tian, Bo Li and Yue Cheng

Central bank communication, corporate maturity mismatch and innovation

Xun Han, Sichao Ma, Yuchao Peng and Xinyan Xie

Rating manipulation and creditworthiness for platform economy: Evidence from peer-to-peer lending

Yezhou Sha

Time-variation, multiple testing, and the factor zoo

Simon C. Smith

A regime-switching real-time copula GARCH model for optimal futures hedging

Hsiang-Tai Lee and Chien-Chiang Lee

Shareholder litigation rights and ESG controversies: A quasi-natural experiment

Sirimon Treepongkaruna, Khine Kyaw and Pornsit Jiraporn

Does social media coverage deter firms from withholding bad news? Evidence from stock price crash risk

Chunying Wu, Xiong Xiong, Ya Gao and Jin Zhang

Do regulatory policies matter to corporate innovation?

Khaled Elmawazini, Gamal Atallah, Mohammed Rafiquzzaman and Khaled Guesmi

Foreign shareholders, relative foreign policy uncertainty and corporate cash holdings

Di Cui, Mingfa Ding, Yikai Han and Sandy Suardi

Corporate social responsibility orientation and textual features of financial disclosures

Marwa Soliman and Walid Ben-Amar

Max headroom: Discretionary capital buffers and bank risk

Martien Lubberink

Measuring informational efficiency of the European carbon market — A quantitative evaluation of higher order dependence

Cristina Sattarhoff and Marc Gronwald

The supply of analysts and earnings forecasts

Ying Wang, Zisen Liu and Xin Wang

IPO underpricing and mutual fund allocation: New evidence from registration system

Feifan Sun, Chen Yin, Sili Zhou and Zijing Zhu

Learning from failures: Director interlocks and corporate misconduct

Ziwei Wang, Shouyu Yao, Ahmet Sensoy, John W. Goodell and Feiyang Cheng

Entrepreneur’s incentives for risk-taking and short-term debt

Chunpeng Lin and Jinqiang Yang

The extreme risk connectedness of the new financial system: European evidence

Vincenzo Pacelli, Federica Miglietta and Matteo Foglia

Internal and external analysis of community banks' performance

Wei Wang, Jun Huang, Haibo Wang and Bahram Alidaee

Corporate responsibility towards employees and innovation: Evidence from an emerging market

Tao Li and Yan Wang

Overcoming spatial stratification of fintech inclusion: Inferences from across Chinese provinces to guide policy makers

Yang Zhao, John W. Goodell, Qingli Dong, Yong Wang and Mohammad Zoynul Abedin

Evaluating the performance of futures hedging using factors-driven realized volatility

Xing Yu, Yanyan Li, Xue Gong and Nan Zhang

The impact of margin trading and short selling on the investment-to-price sensitivity. Evidence from China

Apostolos Dasilas

Which affects stock performances more, words or deeds of the key person?

Yingying Xu and Donald Lien

Management friendship and insider opportunism

Pham, Man Duy (Marty)

Dynamic spillovers between uncertainties and green bond markets in the US, Europe, and China: Evidence from the quantile VAR framework

Shaobo Long, Hao Tian and Zixuan Li

Tail connectedness between lending/borrowing tokens and commercial bank stocks

Imran Yousaf, Francisco Jareño and Carlos Esparcia

The impact of institutional analyst forecast divergence on crude oil market: Evidence from the mixed frequency models

Yuan-Yuan Zhang and Yue-Jun Zhang

Can salience theory explain investor behaviour? Real-world evidence from the cryptocurrency market

Rongxin Chen, Gabriele M. Lepori, Chung-Ching Tai and Ming-Chien Sung

Executive team heterogeneity, equity pledges, and stock Price crash risk: Evidence from China

Ziyang Li, Ning Han, Qing Zeng and Yu Li

The reduced-rank beta in linear stochastic discount factor models

Yang Sun, Xuan Zhang and Zhekai Zhang

Product market competition and the value of corporate cash: An agency theory explanation

Jinjin Zhang, Huili Chen, Pengdong Zhang and Min Jiang

Determinants and consequences of debt maturity structure: A systematic review of the international literature

Julia Yonghua Wu, Solomon Opare, Md. Borhan Uddin Bhuiyan and Ahsan Habib

Board of directors’ attributes and corporate outcomes: A systematic literature review and future research agenda

Yun Lu, Collins Ntim, Qingjing Zhang and Pingli Li

Quantifying the extreme spillovers on worldwide ESG leaders' equity

Yu Chen and Boqiang Lin

Mandatory disclosure of comment letters and analysts' forecasts

Ning Hu, Jiayi Xu and Shuang Xue