International Review of Financial Analysis

1992 - 2025

Current editor(s): B.M. Lucey

From Elsevier
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Volume 83, issue C, 2022

Government support for environmental regulation: Evidence from China

Tong Fu, Siying Yang and Ze Jian

A key driver for the mixed relationship between loan risk premiums and collateral: Evidence from China

Xuan Zhang, Yongmin Zhang, Eric Scheffel and Yang Zhao

Natural gas volatility predictability in a data-rich world

Fei Lu, Feng Ma, Pan Li and Dengshi Huang

Financing Irish high-tech SMEs: The analysis of capital structure

Conor Neville and Brian Lucey

Analysis of risk correlations among stock markets during the COVID-19 pandemic

JunFeng Wu, Chao Zhang and Yun Chen

Fund trading divergence and performance contribution

Ruth Gimeno, Laura Andreu and José Luis Sarto

Time-frequency spillovers among carbon, fossil energy and clean energy markets: The effects of attention to climate change

Qian Ding, Jianbai Huang and Hongwei Zhang

Volatility spillover and investment strategies among sustainability-related financial indexes: Evidence from the DCC-GARCH-based dynamic connectedness and DCC-GARCH t-copula approach

Wenting Zhang, Xie He and Shigeyuki Hamori

Hedge fund networks, information dissemination, and stock price comovement: Evidence from China

Lu Li, Yihang Li, Xueding Wang, Tusheng Xiao and Hongjun Zhu

Innovation links, information diffusion, and return predictability: Evidence from China

Kailin Zeng, Ting Tang, Fangbiao Liu and Ebenezer Fiifi Emire Atta Mills

Shadow price of equity and political connectedness: A study of Chinese commercial banks

Mingquan Zhou and Yang Yang

Audit quality and seasoned equity offerings methods

Man Dang, Premkanth Puwanenthiren, Cameron Truong, Darren Henry and Xuan Vinh Vo

The effects of overnight events on daytime trading sessions

Hyuna Ham, Doojin Ryu and Robert I. Webb

The informativeness of brokerage reports: Privately-circulated versus publicly-disseminated news

Chen-Hui Wu

Not only skill but also scale: Evidence from the hedge funds industry

Maher Kooli and Min Zhang

Temporal aggregation of the Aumann–Serrano and Foster–Hart performance indexes

Jiro Hodoshima and Toshiyuki Yamawake

Are carry, momentum and value still there in currencies?

Mark C. Hutchinson, Panagiotis E. Kyziropoulos, John O'Brien, Philip O'Reilly and Tripti Sharma

First offshore bond issuances and firm valuation

Nebojsa Dimic, Vitaly Orlov and Vanja Piljak

A study of cross-industry return predictability in the Chinese stock market

Michael Ellington, Michalis P. Stamatogiannis and Yawen Zheng

Voluntary disclosure and adverse selection: Bayesian game theoretical inference for green bond labelling regimes

Karim Henide

Predicting equity premium out-of-sample by conditioning on newspaper-based uncertainty measures: A comparative study

Nima Nonejad

Air pollution and mediation effects in stock market, longitudinal evidence from China

Alan Xu

Concentrated commonalities and systemic risk in China's banking system: A contagion network approach

Qing Shi, Xiaoqi Sun and Yile Jiang

Corporate control and shareholder activism in Germany: An empirical analysis of hedge fund strategies

Wolfgang Bessler and Marco Vendrasco

Futures volatility forecasting based on big data analytics with incorporating an order imbalance effect

Shusheng Ding, Tianxiang Cui and Yongmin Zhang

Opening price manipulation and its value influences

Jie Liu, Chonglin Wu, Lin Yuan and Jia Liu

Do precious metals hedge crude oil volatility jumps?

Debojyoti Das, Vaneet Bhatia, Surya Bhushan Kumar and Sankarshan Basu

On the destabilizing nature of capital gains taxes

Roberto Dieci, Laura Gardini and Frank Westerhoff

A tale of two Us: Corporate leverage and financial asset allocation in China

Sichao Ma, Ji Shen, Fanzhi Wang and Wanting Wu

Geographical diversification using ETFs: Multinational evidence from COVID-19 pandemic

Hamed Yousefi and Mohammad Najand

Trust and cross-border mergers and acquisitions

Min Maung

Investor attention, aggregate limit-hits, and stock returns

Haidong Cai, Ying Jiang and Xiaoquan Liu

Does the truth rest with the minority? Divergent views on nonfinancial firms' financial investments from the private equity market

Yong Huang, Chao Yan and Kam C. Chan

Bank affiliation and discounts on closed-end funds

Z. Nuray Güner and Zeynep Önder

The capital structure of domestic and foreign denominated debt: Firm-level evidence from South Korea

Cullen Goenner and Kwan Yong Lee

Under watchful eyes: Analyst site visits and firm earnings management

Zhan Gao, Xiaofeng Quan and Xingmei Xu

The effect of earnings management on firm performance: The moderating role of corporate governance quality

Christopher Boachie and Emmanuel Mensah

Climate transition risk, profitability and stock prices

Juan Reboredo and Andrea Ugolini

Origin matters: How does institution imprint affect family business TFP?

Chen Cheng, Siming Li and Jiajun Han

Static and dynamic liquidity spillovers in the Eurozone: The role of financial contagion and the Covid-19 pandemic

Stefano Grillini, Aydin Ozkan and Abhijit Sharma

Mutual supervision or conspiracy? The incentive effect of multiple large shareholders on audit quality requirements

Lipai Zhang and Biao Li

Using implied volatility jumps for realized volatility forecasting: Evidence from the Chinese market

Wuyi Ye, Wenjing Xia, Bin Wu and Pengzhan Chen

A non-probabilistic approach to efficient portfolios

Eiko Sekine and Kazuo Yamanaka

Kidnapped mutual funds: Irrational preference of naive investors and fund incentive distortion

Xiaochen Chang, Songlin Guo and Junkai Huang

Subsidiary financing choices: The roles of institutional distances from home countries

Yan Du, John W. Goodell, Vanja Piljak and Milos Vulanovic

Does the mandatory disclosure of audit information affect analysts' information acquisition?

Dongmin Kong, Mianmian Ji and Shasha Liu

Quantile connectedness between energy, metal, and carbon markets

Jinyu Chen, Zhipeng Liang, Qian Ding and Zhenhua Liu

Small fish in big ponds: Connections of green finance assets to commodity and sectoral stock markets

Muhammad Abubakr Naeem, Sitara Karim, Gazi Uddin and Juha Junttila

Stock price default boundary: A Black-Cox model approach

Yunkun Shi, Charalampos Stasinakis, Yaofei Xu, Cheng Yan and Xuan Zhang

Firm-level political risk, liquidity management, and managerial attributes

Chunmi Jeon, Seongjae Mun and Seung Hun Han

Nonlinear effects of climate policy uncertainty and financial speculation on the global prices of oil and gas

Jiaqi Guo, Shaobo Long and Weijie Luo

Can local policy uncertainty curtail corporate speculation on financial assets?

Abuduwali Aibai, Yuchao Peng, Peiyi Shen and Hongmei Xu

Strategic networks, certification, and initial public offerings

Li-Yu Chen, Jung-Ho Lai and Shao-Chi Chang

International financial stress spillovers to bank lending: Do internal characteristics matter?

Samira Haddou

Dynamic connectedness and optimal hedging strategy among commodities and financial indices

Néjib Hachicha, Amine Ben Amar, Ikrame Ben Slimane, Makram Bellalah and Jean-Luc Prigent

ESG disclosure and financial performance: Moderating role of ESG investors

Zhongfei Chen and Guanxia Xie

Why do individuals not participate in the stock market?

Yulia Merkoulova and Chris Veld

How do labor adjustment costs affect corporate tax planning? Evidence from labor skills

Justin Hung Nguyen

The information content of CDS implied volatility and associated trading strategies

Yukun Shi, Ding Chen, Biao Guo, Yaofei Xu and Cheng Yan

Sovereign and bank dependence in the eurozone: A multi-scale approach using wavelet-network analysis

Stephan Bales

Cash holdings and real asset liquidity

Adam Usman

Oil futures volatility predictability: New evidence based on machine learning models11All the authors contribute to the paper equally

Xinjie Lu, Feng Ma, Jin Xu and Zehui Zhang

Forecasting stock-market tail risk and connectedness in advanced economies over a century: The role of gold-to-silver and gold-to-platinum price ratios

Afees Salisu, Christian Pierdzioch, Rangan Gupta and David Gabauer

Economic policy uncertainty and firm investment decisions: Dilemma or opportunity?

Qunxi Kong, Rongrong Li, Ziqi Wang and Dan Peng

Distressed acquirers and the bright side of financial distress

Ali Nejadmalayeri and Aaron Rosenblum

Who are better monitors? Comparing styles of supervisory and independent directors

Di Lu, Guanchun Liu and Yuanyuan Liu

Asymmetric causality of economic policy uncertainty and oil volatility index on time-varying nexus of the clean energy, carbon and green bond

Xiong Wang, Jingyao Li and Xiaohang Ren

Application of text mining to the analysis of climate-related disclosures

Angel-Ivan Moreno and Teresa Caminero

Take it with a pinch of salt—ESG rating of stocks and stock indices

Szilárd Erhart

When bitcoin lost its position: Cryptocurrency uncertainty and the dynamic spillover among cryptocurrencies before and during the COVID-19 pandemic

Mohammad Al-Shboul, Ata Assaf and Khaled Mokni

Environmental regulation, green innovation, and export product quality: What is the role of greenwashing?

Dongyang Zhang

Volatility spillovers across NFTs news attention and financial markets

Yizhi Wang

Crude oil pricing and statecraft: Surprising lessons from US economic sanctions

Ayman Omar and Brendan John Lambe

Pandemic-driven financial contagion and investor behavior: Evidence from the COVID-19

Ying Yuan, Haiying Wang and Xiu Jin

The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets?

Muhammad Cheema, Robert Faff and Kenneth Szulczyk

What drives cross-market correlations during the United States Q.E.?

Pick Schen Yip, Robert Brooks, Hung Do and Xuan Vinh Vo

Investor sentiment indices based on k-step PLS algorithm: A group of powerful predictors of stock market returns

Ziyu Song and Changrui Yu

Quantile connectedness between sentiment and financial markets: Evidence from the S&P 500 twitter sentiment index

Imran Yousaf, Manel Youssef and John W. Goodell

Environmental assurance, gender, and access to finance: Evidence from SMEs

Dengjun Zhang, Nirosha Wellalage and Viviana Fernandez

Geopolitical risk and the returns and volatility of global defense companies: A new race to arms?

Zhengyong Zhang, Elie Bouri, Tony Klein and Naji Jalkh

Foreign ownership and the financing constraints of firms operating in a multinational environment

Ilias Kampouris, Charilaos Mertzanis and Aristeidis Samitas

Diamond investments – Is the market free from multiple price bubbles?

Marcin Potrykus

Index tracking and beta arbitrage effects in comovement

Yixin Liao, Jerry Coakley and Neil Kellard

Climate change news sensitivity and mutual fund performance

Thang Ho

Industry tournament incentives and the speed of leverage adjustments: Evidence from China

Senlin Miao, Fenghua Wen and Yun Zhang

Internationalization, foreign exchange exposure and firm risk

Napaporn Likitwongkajon and Chaiporn Vithessonthi

Cultural diversity among directors and corporate social responsibility

Olga Dodd, Bart Frijns and Alexandre Garel