Finance Research Letters

2004 - 2026

Current editor(s): R. Gençay

From Elsevier
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Volume 108, issue C, 2026

Short-term gains or long-term returns? Green finance and the sustainable development of heavily polluting enterprises

Xiaocai Zhu, Siyuan Ren and Jun Wang

Eliminating short-termism: How does patient capital promote the integrated development of culture and tourism?

Juan Yu, Nan Zhong, Pengbo Yuan and Zhenlin Chen

Do government-guided funds increase corporate risk-taking? Evidence from China

Mingming Wen and Quan Chen

Informational inertia in a decentralized prediction market: Evidence from the May 2024 CPI leak

Emrehan Aktuğ and Orhan Torul

Presidential cryptomessages: Political announcements and anticipatory trading in cryptocurrency markets

Dan Gabriel Anghel and Codruț Ivașcu

Regime labels are not representation-invariant: Implications for model risk governance

Kai Zheng, Rand Low and Ruili Wang

Third-country multi-issuers, runs and the guarantee pool proposal

Riccardo Russo

Relative economic policy uncertainty and outward foreign direct investment

Yuhyeon Bak, Hope Hyeun Han and Saiah Lee

Explicit pricing and equilibrium coupon for autocallable reverse convertibles with a lock-up period

Zhong-Wei Liao, Niushan Gao and Yuanshun Li

Shockwaves in cryptocurrency markets: return and variation responses to global events

Rosanna Spanò, Annamaria Zampella, Francesco Campanella and Luana Serino

Reinforcement learning for option hedging: Static implied-volatility fit versus shortfall-aware performance

Ziheng Chen, Minxuan Hu, Jiayu Yi and Wenxi Sun

Strategic real option exercising under ambiguity

Dandan Song, Yu Lu and Wenwei Wang

Does eco-innovation mitigate the cash drain from renewable energy usage?

Dua Ali Baloch, Kaleemullah Abbasi and Ashraful Alam

The greenium dynamics in the financial sector

Anna Maria Fiori, Chiara Pederzoli and Edit Rroji

CSR decoupling and financial reporting: Does talk walk misalignment predict opportunistic non-GAAP earnings

Sijin Chen, Liyu He and Parmod Chand

Dynamic risk transmissions among China's new energy industry chain stocks: New insights into the R2 decomposed connectedness

Chuwen Wang, Yufeng Chen and Zhitao Zhu

Subspace regularized principal component analysis using prior exposure information

Kei Nakagawa, Masahiro Kato and Mitsuyoshi Imamura

Recreational marijuana legalization and personal bankruptcy

Yingzhong Wang and Lili Wu

Supply–Demand Ambiguity and asset prices: Evidence from stocks and bonds

Burçin Kısacıkoğlu

Geopolitical shocks, risk preferences, and attention to cryptocurrency

Dongfa Feng, Yaoming Zhang, Yao Zhang and Si Zhou

Bank-backed PE/VC, digital finance, and corporate innovation: Evidence from China

Ruifeng Chang and Yuhui Liu

Loan pricing under relative performance evaluation

Othman Alolah and Khadija S. Almaghrabi

Too much of a good thing: Algorithmic trading, price discovery, and the efficiency threshold in emerging equity markets

Giridhar Reddy Bojja, Loknath Sai Ambati, Venkata Vinay Anga, Harsha Sammangi and Ahmed M. Abdelmoniem

Volatility regime probabilities and the horizon profile of tail risk

Alev Atak

Industrial policy innovation and financial resource allocation: A perspective based on supply chain finance development

Ruopeng Huang, Xin Liu and Lu Yao

Country-specific equity market responses to a geopolitical tariff threat

Wisarut Suwanprasert

Regulating local government arrears and labor income share

Xiaomin Wang, Shiyong Zhao, Ying Li and Zhen Wu

From crypto to stocks: a hidden Markov analysis of trading app gateway effects

Jaeyoon Lee, Hwang Kim and Jiyeon Yun

Does excessive digitalization make firms more vulnerable? Examining digitalization and financial risk

Ding Zhang, Nan Zhong and Jiaxin Zhou

Assessing the greenium of transition bonds in japanese electric power bonds: evidence from Japan’s electric utilities

Yasuaki Amatatsu

Inflation targeting, monetary policy rate and public debt servicing in OECD countries

Preeta George and Chinmay Joshi

Diminished "Risk-Free" Options: Shadow Banking Regulation and Corporate Cash Holdings

Huayuting Peng and Yiyi Qin

Political uncertainty and cash holdings: New evidence from an emerging economy

Rohit Thakur and Bhanu Pratap Singh

Reassessing bank performance rankings: A non-compensatory composite indicator approach

Julián Llorent and Ignacio Contreras

Large Language models for banking supervision: reliability evidence from European systemic banks

Carlos García-Llorente and Ignacio Olmeda

Exchange rate expectations and explainable AI

Theo Berger, Robert L. Czudaj and Reyhaneh Rezaei Khavas

Impact of generative AI on local housing values through AI exposure

Sen Li and Chunyu Guo

The compounding cost of price limits: A multi-period perspective on tail risk

Xiaoman Su and Shuyuan Qi

Energy enterprise resilience and crisis response: a dynamic capability perspective

Si Chen and Zanxin Wang

Digital innovation, financing structure optimization, and corporate green transformation: Examining the mediating effect of green technology investment

Zhonghua Ma, Xiaolin Ma, Zitong He and Xiaodong Dong

Predicting insider trading with short-horizon returns and disclosure timing

Yezhou Sha and Boyang Li

How policy implementation lags affect FDI-driven equilibrium in BRI countries?

Yuanyuan Ma, Yifei Chen and Shu Liu

From the bottom up: how employee stock ownership affects corporate ESG greenwashing

Wanlin Sun, Fanghong Wang, Yiyang Zhou and Fenmian Wang

Can digital economy mitigate vertical fiscal imbalance? Evidence from China

Mo Li, Yan Zhao and Yun Wang

Perceived mobile-money sufficiency and bank-based intermediation: Evidence from user-reported financial needs

Waqas Shair, Abrista Devi, Sundas Naeem and Bhavya krishna Balasubramanian

What impact does the energy transition have on corporate ESG performance? Identifying causal mechanisms using double machine learning

Huijuan Sun and Ning Bai

Can multimodal large language models extract investment signals from financial charts? Evidence from portfolio backtests

Sungsoo Kim and Ha Young Kim

How does core enterprises' credit risk spread to SMEs? Evidence from financing and liquidity channels

Yu Liu and Jianwen Luo

Does high-frequency consumption data predict equity risk premiums?

Yutaka Miyashita, Ryuta Sakemoto and Yuhki Yamamoto

Stock return forecasting under climate policy uncertainty: A regime-dependent model comparison

Ahmed S. Wafi, Sherif El-Halaby and Khaldoon Albitar

Lucky Zodiac years and chairmen’s M&A decisions: An adaptive heuristic perspective

Hongze Li, Lin Li and Bin Yu

Narrative disclosure quality and stock price informativeness: Evidence from Japan’s disclosure reform

Wenxuan Wang, Mariko Yasu and Kyoko Nagata

Macroprudential policy transmission and differentiated supervision under banking network spillovers in China

Xiao Shuai

An analysis of the conditional impact of administrative discretion standardization on inclusive finance based on city-level panel data

Zidan Jiang and Suzhen Ouyang

The role of environmental judicial specialization in enhancing corporate credit ratings: Evidence from the establishment of environmental courts

Teng Ma, Weixian Chen, Hong Li, Yilin Zhang and Jiyao Yang

Psychological insurance and ESG fund investment: Evidence from zodiac conflict beliefs in China

Zhenguo Wu, Yuxia Ke and Bin Yu

Litigation spillovers: How securities class action lawsuits against peers shape ESG strategy?

Zhihui Sun and Dejun Wu

Fintech and the classification ratings of securities firms

Jue Feng, Wenniu Jiao and Peng Yue

Abnormal temperature and retail fund trading

Chuwen Chen and Xingguo Luo

Tick size increase and futures liquidity

Olesya Lobanova and Alexandre Aidov

E-commerce service quality and customer loyalty in online gold trading platforms

Tingting Lu, Chuanze Liu, Yifeng Zhu and Qinghai Li

The Impact of supply chain shareholding on stock price synchronicity

Pengju Zhao

Technological blockade and inter-firm technological complementarity–evidence from the U.S. entity list targeting China

Jinfeng Zhuang and Yeqing Ma

Identifying central bank multi-objective preferences using large language models: Evidence from China

Jiangyao Li, Lingchao Meng and Bowen Xue

FinTech, digital payments, and urban inclusion

Xinchen Lan, Yang Liu, Xiaoying Su and Yuxin Ling

Underwriting partnerships and pricing efficiency of China’s LGFV bonds

Meilin Zhang and Alice Y. Ouyang

Financial market reactions to the novelty of information in FOMC minutes

Niklas Humann, Dimitrios Kanelis, Lars H. Kranzmann and Pierre L. Siklos

Intellectual property protection policy and firms' digital investment: Evidence from a quasi-natural experiment

Yiming Lu and Yu Wang

When popularity strikes: Evidence from an event study on social trading platforms

Ralph Nasr, Bruno Pecchioli and Nicolas Huck

Economic uncertainty and the beta anomaly in G10 Countries

Yigit Atilgan, K. Ozgur Demirtas, A. Doruk Gunaydin and Aynur Dilan Tosun

Algorithmic window dressing? Section-level machine readability around Russell reconstitution

Binghong Li, Arthur Walter Chen, Runzhi Guo and Shuya Lou

Pricing scarcity: A machine learning test of water futures efficiency

Nima Rafizadeh

Political duration risk in foreign treasury portfolios: Evidence from the 2022 sanctions shock

Wassim Rajhi

When culture diverges: Manager-employee misalignment and firm outcomes

Bishal Bc and Thuy Simpson

Detecting deposit stress in real time: Rate shock and early warning model performance

Nilufer Ozdemir