Finance Research Letters

2004 - 2026

Current editor(s): R. Gençay

From Elsevier
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Volume 107, issue C, 2026

Strong financial supervision and divergence in bank liquidity creation: Empirical evidence from new asset management regulations

Mengyuan Li, Houli Zhang and Peiheng Ruan

ESG Failures and managerial opportunism: Evidence from earnings management

Yin-Hua Yeh and Chen-Chieh Liao

Drowned ideas: the impact of floods on corporate innovation in China

Wang Bo and Gang Chen

Stress selective behavior: Asymmetric responses of bitcoin and gold to valuation and uncertainty shocks

Ricardo Teruel-Gutiérrez, Juan Andrés Bernal-Conesa and Genoveva Aparicio Serrano

Can green finance foster corporate environmental performance or induce strategic greenwashing?

Yingjia Liu, Longfeng Liu and Shurui Li

Investigating the relationship between investor decisions, firm quality, and market sentiment in initial public offerings

Ali Baghani, Elnaz Sabzei and Ali Kianifar

Role of capital structure in moderating working capital management relation on valuation and risk

Jiyang Cheng, Ajay Kumar Patel, Hawazen Almugren, Varun Chotia and Bhumika Gupta

How digital transformation reshapes the credit ratings of tourism enterprises: the mechanism of digital asset valuation

Yuqin Huang and Xiaozhou Peng

A Bayesian Student-t specification for the MF2-GARCH model with applications in equity and crypto markets

Donald J. Lacombe, Yuan Yuan and Pengyu Qian

Digital dividend for public well-being: How digital economy equalizes public sports services in China

Yongkang Zhao

The effect of educational fiscal input and human capital on sports industry development

Chen Shen, Jianjun Cheng and Zhicong Shi

Industrial robot penetration and corporate environmental performance: The influence of supply chain finance dependence

Wenju Gao, Jinshi Wang, Fengmei Liu and Juxiu Zhu

Dynamic capital investment with data

Jiaxi Jiang and Pengfei Luo

Bank branching and economic development: A Bayesian quantile regression approach

Rodrigo Cuenca-de-Armas, Maria Teresa Balaguer-Coll, Lorenzo Caldirola, David Conesa and Emili Tortosa-Ausina

Risk assessment, financial openness, and economic development in belt and road initiative countries

Yahong Wang and Zhaomei Wu

External constraints and regime shifts in China’s yield curve dynamics

Hongyi Xia and Ni Gao

From short-term opportunism to long-term orientation: Artificial intelligence, managerial myopia, and corporate shadow banking

Haoxiang Tang and Hui Yang

From access to income: Digital inclusive finance in rural China

Zirui Li, Min Li, Mengke Xuan and Yiyu Weng

Bitcoin option expiration, gamma exposure, and intraday price reversals

Dustin Weiss, Robert Gaudiosi, Z. Ivy Zhou and Robert I. Webb

Operational efficiency and firm-level regulatory intensity

Yulin Li and Xiaohui Liu

Time burden: Life expectancy, pension insurance contribution rate reduction, and rural migrant workers’ working hours

Yun-Zhi Hu

Nature's toll on the books: biodiversity exposure and earnings management

G M Wali Ullah, Quynh Nguyen, Salmin Mostafa and Isma Khan

Mortgage choice in families

Christopher Hansman

Cross-border creditor protection and emerging-market firms’ access to global bond markets

Yongwen Luo and Xiao Wang

Wokeness on the line: AI-based analysis of the Trump effect on corporate ESG communication and market reaction

Benjamin Clapham, Florian Ewald and Jenny Jakobs

Institutional investors’ limited attention and corporate excess perks: Evidence from China

Yiyun Zhao

The capital structure of autonomous agents: Optimal contracting in the machine-to-machine economy

Inkee Jang and Hyoung-Goo Kang

Geopolitical shocks and on-chain dollar demand: State-dependent evidence from USDT and USDC

Shengting Gao, Bo Zhang and Wei Dai

When geopolitics ripples through banks: Global risk spillovers and Chinese bank fragility

Yixue Hao and Xiaozhu Guo

Validated corporate narratives and return predictability: Evidence from China’s STAR Market

Yuhao Xie, Bowen Xue and Tao Yi

Is investor sentiment cyclical? evidence from China’s stock market

Bo Zhang and Yaopeng Huang

Low-volatility filtering and spillover predictability in cryptocurrency portfolios

Sujin Pyo and Huisu Jang

Building walls or breaking barriers? Digital governance risk exposure, legal protection, and corporate fixed asset investment decisions

Yuxin Guo and Xiaoyin Xia

Does green finance promote rural revitalization? Evidence from the mediating role of inclusive green growth

Lili Yang, Qiaoqiao Kong and Zhongwei Li

How does ESG affect household stock market participation? Evidence from China

Yutong Wang, Quanyun Song and Guangyu Zhai

Quantifying and monetizing the marginal carbon impact of energy production

Thomas Kokholm and Jonas Pausgaard

Research on the impact of digital-green synergistic transformation on enterprise green innovation resilience

Lange Liu, Lizhi Wang and Rui Jiang

Salience, asymmetric effect and stock returns

Chenguang Wang, Kai Yao and Jinpeng Liu

A trajectory-equilibrium framework for derivative pricing under bounded exponential paths

Nicola Cadei

Trump tariff shockwaves: Trade policy uncertainty and global equity connectedness

Yao Zheng

Signaling overreporting and underreporting in sustainability: A methodological framework based on ESG rating divergences

Rosella Castellano, Federico Cini, Annalisa Ferrari and Umberto Filotto

Corporate litigation and trade credit dynamics✰

Ayman Samak, Lukai Yang and Anthony Izuagie

Tax digitalization and corporate bank loans: international evidence

Wei Wang and Guoliu Hu

Does corporate AI adoption improve investment efficiency? Evidence from textual analysis of 10-K filings

Fu-Hsuan Hsu, Chia-Ling Lee, Fang Gong and Chih-Yu Chuang

Do LLM-based overnight news indicators add value beyond A50 futures?

Junhui Huang and Jianbin Wu

Inclusive finance and agricultural industrial chain extension: Evidence from rural China

Xinya Wang, Tianyu Lei and Wenrong Yuan

Do data groups mitigate corporate idiosyncratic risk? Quasiexperimental evidence from China

Jingyu Wang, Xiangkai Qin, Lihong Wu and Qi Bian

Digital transformation and tax haven investment: evidence from China

Biao Yi, Xiaoyu Yang, Jiaqi Wang and Xueman Xiang

Information flow between Bitcoin and traditional financial assets: Evidence from specific macroeconomic episodes

Keyong Chen, Wei Shao and Jian Wang

How climate risk impacts interaction among green assets under varying market states: Evidence from a time-frequency QVAR model integrating an autoencoder

Wei-Yi-Qing Wang, Chi Xie, Xiao-Xin Li and Zhi-Yu Zhang

The function of financial development: Regional rule of law environment and enterprise innovation performance

Qin Liu and Weigang Li

Exploring the synergistic effects between high-quality development of tourism and supply chain finance

Qiulin Wang and Jia Liu

Eco-innovation and corporate profitability: The shielding effect of ESG under Geopolitical Uncertainty

Isabel-María García-Sánchez, Germán López-Pérez and José L. Zafra-Gómez

Geopolitical risk, portfolio choice, and retirement delay

Junkee Jeon and Takwon Kim

Local government environmental regulatory pressures and corporate biodiversity disclosures

Xiaoming Wei, Wenqi Han, Deli Wang and Shengqi Wu

The influence mechanism and heterogeneity of green finance on corporate green technological innovation

Yuanchao Zhang, Chaoran Zhou, Tianyang Jing and Yining Geng

Supply Chain finance and joint R&D performance in strategic alliances

Shaohua Wang, Wanting Zhang, Hong Fan and Zeming Shangguan

The pricing of information sensitivity in the wealth management products: Evidence from China

Qiurong Yang and Gang Bai

Traded-coordinate hessians and hedge-feedback fragility: barrier curvature in the down-and-in put channel

Mohammed Ahnouch and Erwan Le Saout

Financial exclusion in collaborative governance innovation

Haibo Tan and Puyu Li

Stock price fragility and corporate financing constraints: Evidence from China

Can Yang, Dongwei Su and Gang Liu

From bringing in to going out: The impact of foreign bank entry on enterprises’ OFDI

Yao-Hua Zhu, Pei-Hua Zhu, Xuan-Bo Zhou, Xiang-Hui Meng and Chang Xue

Scrolling toward short-termism: social media reliance, overconfidence, and investment horizons

Augustine Tarkom, Kenneth P. Moon and Vance Lesseig

Data asset confirmation, supply chain finance and value enhancement of cultural and tourism projects

Zhilan Liu, Bo Wu, Yejun Wang and Nan Li

How financial soundness shapes firm value volatility: Moderating effects of financial frictions

Hengfeng Zhang, Bujian Han and Lin He

Digital-real integration and manufacturing servitization upgrading: the function of supply chain finance

Jia Chen and Guixiang Zhao

Green finance, digital and intelligent innovation, and high-quality development in agriculture

Xiaobei Wei, Fengwen Wang, Qing You and Yudong Zhang

Financial support, education quality, and rural revitalization

Weili Zhang, Suwei Zhang and Xiaomei Gong

Do dispersion-based tests capture herding? Evidence from cryptocurrency markets

Ulaş Ünlü and Fatih Bayram

Unemployment insurance and ESG

Hafiz Hoque, Yina Liang and Boru Ren

A p-tempered α-stable Ornstein–Uhlenbeck model for temperature dynamics with applications to weather derivative pricing

Chao Liu, Hao Shi and Yusen Jia

Free-float, institutional ownership and R&D investment

Paulo Morais Francisco

Early Warning signals of high growth: Testing a reverse-Altman model on emerging market firms

Andrea Carpino, Amith Vikram Megaravalli and Vincenzo Verdoliva

How does short-term debt for long-term use induce strategic green innovation tendency in high-polluting firms?

Yibo Yan and Chunmei Mao

Why publish in top journals? Publication incentives and binary classification in finance, economics and business

Stefano Bonini

Liquidity spillovers in the cryptocurrency market: An entropy-based network analysis

Kai-Ge Zhang, Yaofeng Hu and Ming-Yuan Yang

Transition risk and ESG materiality in credit rating downgrades: evidence from explainable machine learning

Sylwia Frydrych

Does market entry liberalization stimulate corporate innovative dynamism? Evidence from the natural experiment of China’s listed companies

Mingyuan Ma, Dong Leng and Hang Mei

Does ESG rating disagreement undermine ESG performance under mandatory disclosure? Evidence from China

Jinlong Li

FinTech development, supply chain resilience, and logistics networks

Huili Yao, Yongchun Xu and Haisheng Ke

Economic hardship in employment, housing, and finance among transgender populations in the context of federal protection rollbacks

Arjee Javellana Restar, Teresa DeAtley, Adedotun Ogunbajo, Simon Sandh, Aaron Breslow, Renata Sanders, José Bauermeister, Trace Kershaw, Don Operario and Kristi E. Gamarel

ESG controversies and bank risk: Evidence from Brazil

Lars Norden and Fabio Stoll

Can computing power deployment promote corporate data assetization?

Lixia Liu, Xinzhi Zhang and Chuan Zhang

Data assetization and firm risk-taking: evidence from China

Ming Ma and Mianzhi Yang