Finance Research Letters

2004 - 2025

Current editor(s): R. Gençay

From Elsevier
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Volume 78, issue C, 2025

Impacts of aging and social security expenditure on regional green innovation

Xiaotian Zhang and Yani Li

Soybean futures responses to meteorological disaster risk —— Empirical evidence from the Chicago board of trade

Yu Yang, Huilu Rong, Gaoxin Cheng and Hui Gao

Too much teamwork? The effect of corporate collaboration culture on breakthrough innovation

Weimin Chen, Yalin Luo, Miao Rao and Pengdong Zhang

How leadership turnover influences global financial markets

Yosef Bonaparte, Andrey Mikhailitchenko and Frank J. Fabozzi

Impact of ownership structure on corporate social responsibility investment: The mediating role of analyst coverage

Tianjing Liu and Yongjun Sun

Wealth management purchases on corporate innovation: Moderating effects of financing constraints

Yangzi Zhang and Liping Liu

The cost of misclassification in mutual funds

Fei Fang and Sitikantha Parida

Can companies’ participation in ESG ratings improve green innovation efficiency? Evidence from Chinese A-share listed companies

Ling Shen, Xiaozhong Yang and Guangcheng Ma

Financialization, institutional ownership, and long-term performance of growth ChiNext market enterprises

Weibo Hu and Ping Chen

Research on the policy effect of central Bank's giving priority to green bonds under the collateral framework

Ruoyu Chen, Jingzhi Zhu and Xingyu Wang

Crowdfunding business models through the lens of sustainable development: A taxonomy for backers and funders

Roberto Cerchione, Giuseppe Liccardo and Renato Passaro

The impact of core competitiveness on pay for performance sensitivity

Wen Zong, Yanchao Liu, Aimei Li and Yueyue Zhang

Financial literacy of ChatGPT: Evidence through financial news

Ya-Ling Chiu, Xuechen Gao, Hung-Chun Liu and Qiong Zhai

Forecasting volatility in commodity markets with climate risk

Yangli Guo, Pei Peng, Ling Zhou and Yusui Tang

Implied equity premium and market beta

Zhan Wang, K. Victor Chow and Jiahao Gu

Home bias and herding in carbon market trading

Jia Liu, Yen-Hsien Lee, Ben-Ang Li and J. Jimmy Yang

Exploring the links between bank competition, economic policy uncertainty, and corporate financialization

Sheng Wang, Haifeng Meng and Zhisheng Chen

Exploration of the relationship between firm growth and R&D investment under monetary policy adjustment

Min Liu, Jiurui He and Nana Liu

Geopolitical risk and corporate investment efficiency

Xuan Thang Nguyen, Thanh Cong Nguyen and Huy Viet Hoang

Comparison of an affine term structure model with Fed chair speeches in large language models

Eunmi Ko, Alphaeus Dmonte and Marcos Zampieri

Standing on the shoulders of giants: The innovation capability acquisition of group affiliates

Jun Shao, Junjie Wang and Junzi Zhang

Let’s switch again! Testing for speculative oil price bubbles based on rotated market expectations

Robinson Kruse-Becher

Macroeconomic factors, industrial enterprises, and debt default prediction: Based on the VAR-GRU model

Zhenqing Liu, Yi Luo and Mohan Duan

Can AI beat a naive portfolio? An experiment with anonymized data

Marcelo S. Perlin, Cristian R. Foguesatto, Fernanda M. Müller and Marcelo B. Righi

ESG rating disagreement and corporate Total Factor Productivity: Inference and prediction

Zhanli Li and Zichao Yang

Is Fintech driving household asset allocation towards the law of one price?

Yueli Xu, Binhua Guo, Shuwei Zhan and Yao Lu

Rethinking MM2: Tax shields and equity valuation

Hyoung-Goo Kang and Doojin Ryu

Leverage risk and REIT returns

Alain Coën and Philippe Guardiola

Impact of ESG disclosure on corporate sustainability

Kai Duan, Chuan Qin, Shenglin Ma, Xue Lei, Qianqian Hu and Jinhuika Ying

The integration of technology and finance and corporate innovation boundary

Jian Huang, Cheng Guo and Siyu Yan

From headlines to pipelines: Unpacking the impact of the Russia-Ukraine conflict through sentiment and topics

Ernest N. Biktimirov and Moyosore J. Babalola

Confucian traditional culture and corporate digital transformation in China

Yao Chen, Chaoqun Li, Yifan Ding and Shiyong Wang

Intensity of environmental regulation, integration of digital and physical realms, and level of corporate green development

Yu Xiao, Junxian Wu and Yongqian Tu

Local government debt, digital finance and climate change: Study from the perspective of green innovation

Yiqi He, Yuxuan Hou, Xinyi Song and Xi Chen

Strengthening resilience through trade: Development of service trade and enhancing export resilience

Zeyu Li and Yanyan Jiang

Does digital transformation reduce China's corporate pollution emission intensity?

Songsheng Mao, Tingfeng Tang and Gongyan Yang

Macro-banking stability, sovereign debt and the inflation channel

Qingqing Cao, Raoul Minetti and Nicholas Rowe

Escaping the GVC trap: How does global value chain (GVC) participation impact the integration of the industrial and innovation chains?

Huasheng Song, Dianer Ding and Jianjun Zhou

Accelerated depreciation tax policy for fixed assets and IPO underpricing: Evidence from China

Jing Zeng, Gaoling Luo and Jun Wu

The unexpected effect of digital inclusive finance on

Yujiao Li and Yunge Han

Downside risk transmission between green cryptocurrencies and carbon efficient equities: Evidence from a frequency connectedness approach

Saad Alshammari, Marouene Mbarek, Fatma Mrad and Badreddine Msolli

Firm-level litigation risk and CEO equity incentives

Ashrafee T. Hossain, Najah Attig, Greg Hebb and Mostafa Hasan

Does social trust enhance firm engagement in supply chain finance?

Tianlin Liu and Bing Zhang

A new quality factor adjusted by fraud probability

Ying Chen, Yuqiao Bu, Libing Fang and Yuanchu Xu

The market's implied loss aversion under power-log utility investor preferences

Jivendra K. Kale

The contingent effects of foreign ownership on ESG performance under financial performance feedback

Minji Kim, Hye-Kyung Yu and Tohyun Kim

Consumer risk preference and financial credit: Moderating role of family factors in China

Xin Liu, Hua Nie and Ruofei Wang

Digital transformation and organizational resilience

Zhenzhen Wang and Junting Jia

Digital transformation, innovation capability, and ESG performance

Qiong Liu and Hairong Wang

Leveraging higher education for economic development

Lingyu Chen and Xiaoxue Dong

Does cybersecurity regulation reduce corporate data-breach risk?

Lujia Gao, Zhaoying Chen, Wei Zhao and Xuanyu Lai

The influence of regulatory intensity on corporate trade credit

Loan Quynh Thi Nguyen

Idiosyncratic risk and international trade: New evidence

Volkan Sezgin, Ömer Tuğsal Doruk, Ahmet Yasir Barak and Hasan Murat Ertuğrul

Geopolitical risk and Taiwan’s government bond yields: Evidence from Nancy Pelosi’s visit

Haoran Bai, Zhiwu Hong and Linlin Niu

Financial development and growth volatility revisited

Philipp Struthmann

On the corporate performance of issuers of various green assets

Xiaorui Piao and Bin Mei

Environmental taxes, political connections, and firm financialization: Evidence from China's environmental tax reform

Zhijiu Yang, Fengyi You, Yanfang Qin and Ge Wu

Cross-listing and ESG rating disagreement

Dongliang Yuan, Duo Shang and Xinmei Wu

Regulatory inquiry letters and green M&As of heavily polluting firms

Xue Wang, Jinlong Qiu, Zhaoxue Qiu and Wenshuang Bao

Labor productivity, internal pay disparity, and organizational resilience

Yubing Zhao, Zhe Yuan and Junting Jia

Endogenous growth and data heterogeneity in data economics

Wenkang Zhang and Jing Wu

Kick down the ladder? The impact of cryptocurrency bans on company legal risks and employee structure

Yi Xu, Jiajun Qi, Jilong Chen and Lingbing Feng

Population aging, unemployment rate and regional innovation

Chuanpeng Wang, Chunlei Li and Yuanlun Wang

Pursuing fame or interests: cross non-controlling major shareholders and private information in related party transactions

Chengjie Cui, Xiaoqing Li and Yawen Hao

Digital transformation, artificial intelligence and enterprise innovation performance

Jinghao Ma, Yujie Shang and Zhenghan Liang

‘Crypto president’: Do narrative political signals drive cryptocurrency returns?

Sami Ben Jabeur, Zouhaier Dhifaoui, Yassine Bakkar and Houssein Ballouk

Does multi-scale GARCH information enhance volatility prediction?

Rentian Yu, Haotian Xiao, Yukun Zhu and Gongqiu Zhang

Are independent directors vases? Evidence based on social connectedness and firm performance in China

Jieli Xing and Xiong Xiong

RegTech and regulators’ error detection activities: Evidence from China

Changyuan Xia, Yingzi Ye and Haizong Yu

Digital economy and corporate sustainability: Mediating roles of green innovation and risk-taking

Wei Bu, Zhongyi Yan and Shuning Yang

The impact of the carbon trading pilot program on the financing cost of green bonds

Haojun Yuan, Jing Liao and Martin Young

Firm carbon risk exposure and financial stability

Freeman Brobbey Owusu, Mohammad Abdullah, Chi-Chuan Lee and Agyapomaa Gyeke-Dako

Green finance innovation and high-quality economic development: Evidence from a quasi-natural experiment

Shuhao Kang and Wei Geng

Influence of artificial intelligence development on supply chain diversification

Bilin Wu, Hang Chen and Yanchao Shi

Firm-bank common ownership and earnings management: Evidence from China

Yu Wang, Gaoya Song and Yiming Lu

Risk contagion between commodity and China's stock markets under the impact of major events

Shichao Hu, Jiaying Luo, Ganlin Pu, Shengxi Xue and Xueping Wang

From risk aversion to sustainability: How women directors influence investment in the energy firms?

Ishwar Khatri

The impact of economic policy uncertainty on household portfolios effectiveness: Evidence from China

Zhongyu Sun and Jun Li

Development of corporate artificial intelligence and the quality of export products

Jiaqi Liu, Chuan Qin and Xiaojing Chu

Tail risk spillovers between international agricultural commodity and China's financial markets: based on quantile time-frequency perspective

Xianming Huang, Luying Liu, Heng Jiang and Yuqi Pu

Crowdfunding and sustainable development: A systematic review

Rosella Carè, Rabia Fatima and Paolo Agnese

Economic policy uncertainty and carbon emissions: Do CSR committee and CSR reporting matter?

Rim Ben Abdesslem, Imed Chkir, Lamia Chourou and Hatem Rjiba

Impact of transportation infrastructure upgrading on the rapid development of regional economy: A quasi-natural experiment based on the opening of high-speed railway

Jianqiang Zhao, Yan Guo and Chunxue Bi

Board internationalization, supervisory board structure, and corporate legal risks

Rui Gu, Junmei Liu and Yitian Tang

Liquidity spillovers in US stock market based on multilayer networks

Jinyu Yuan and Chuangxia Huang

Digital finance, managerial ability, and corporate financing costs

Jiayue Xie, Shengnan Wang, Lu Chen and Yan Liu

Opportunities for higher education for children, financial literacy and household capital

Junwei Ni and Yidan Gao

Can fintech drive innovation in enterprise digital business models?

Jiqing Liu, Xiaojing Lv, Gui Zhang and Meng Zhang

A novel method for analyzing financial market efficiency through fuzzy set theory

Abolfazl Askari and Ehsan Hajizadeh

Transmission effects of real estate risk on municipal bond spreads

Yan Ding, Changzheng Li and Sisi Ye

Exploring the risk-taking effects of industry–finance integration

Ying Cheng, Liang Qiao, Chaodan Yang, Chao Li, Wei Zhang and Haiying Chen

The impact of the US-China tensions on FDI dynamics in emerging economies

Ling Liu, Giray Gozgor, Mantu Kumar Mahalik and Shreya Pal

Big data development, accounting information quality, and corporate innovation

Yan Kong, Yang Li and Bonan Wan

Financial investment and green development: How does financialization affect green total factor productivity?

Sijing Li, Yingkai Yin, Zeyan Jiao and Qiuyun Zhao