Finance Research Letters

2004 - 2025

Current editor(s): R. Gençay

From Elsevier
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Volume 74, issue C, 2025

Institutional joint shareholding, digital transformation and corporate ESG performance

Yaoxing Hu and Xinyao Yang

Digital finance and agricultural total factor productivity–From the perspective of capital deepening and factor structure

Yaling Wu, Bi Wu, Xiaohong Liu and Shiwei Zhang

Is Bitcoin the best safe haven against geopolitical risk ?

Messaoud Chibane and Nathalie Janson

Enterprise investment in the era of digital finance: Information transparency and investment efficiency analysis

Shengnan Xu and Shaohua Su

Population aging, market competition and enterprise green innovation

Weijian Qiu, Wenxuan Yang and Le Qiu

Supply chain digitalization and corporate green innovation

Wang Yue

Evaluating the development of China's modern industrial system

Qingjiang Han and Changyi Deng

Unraveling nuclear connections in energy market dynamics

Muhammad Shahzad Ijaz, Brian M. Lucey, Alishba Rahman and Mushtaq Hussain Khan

Bet-on agreements and stock price informativeness

Zhenzhen Zhao, Yuanqi Li and JianHan Wu

Multifractality and sample size influence on Bitcoin volatility patterns

Tetsuya Takaishi

Carbon emissions reduction: Crowding out or feeding back on corporate profitability?

Zhehao Huang, Yaya Su and Yuanqi Zhao

Digital economy, labor force transfer, and high-quality agricultural development

Yi Song, Rui Zhang and Yuqing Hao

Intermediate inputs, import trade and corporate ESG performance

Yang Gao, Wanli Ma and Cheng Chen

Local tournament incentives and labor investment efficiency

Chun Mei and Mingmao Deng

Enterprise financialization, technological empowerment, and enterprise risk-taking

Rui Zhao, Yining Wang, Xi Lun, Na Li, Rong Wang, Yin Zhang and Menglu Wang

Impact of employee compensation structure on company performance: Moderating effects of ownership concentration

Xia Liu, FangJingya Cheng, Ronghe Zhang and Zhuohang Li

Labor agglomeration, industrial structure upgrading and low-carbon economic development

Chenzi Yu and Hong Jin

The effect of financial literacy on agricultural entrepreneurship

Bin Li and Shoufu Zhang

Digital inclusive finance and rural households’ economic resilience

Yanxia Wu and Jie Zhang

The US-China tension and fossil fuel energy price volatility relationship

Sitong Li, Huangen Chen and Gengxuan Chen

The impact of public health initiatives on sportswear companies

Xiwen Xu, Teng Zhang, Fan Xu and Sihang Deng

Do private lending risks exacerbate urban economic imbalances? Evidence from 293 Chinese cities

Xiaoqing Fang, Huixiao Guo, Shupei Huang and Xinya Wang

What you see is not what you get: ESG scores and greenwashing risk

Manuel C. Kathan, Sebastian Utz, Gregor Dorfleitner, Jens Eckberg and Lea Chmel

Green financial policy, environmental regulation, and energy use efficiency

Zhuoya Ren, Yuan Bo and Yuanye Lei

Integration of technology and finance with breakthroughs in enterprise digital technology

Qiwei Wu, Zheng Wu and Jing Pang

Beyond Green Labels: Assessing Mutual Funds’ ESG Commitments through Large Language Models

Katherine Wood, Chaehyun Pyun and Hieu Pham

Multiple large shareholders, related-party transactions and accounting conservatism

Mengmeng Chen and Guoan Ye

Encouraging entrepreneurship through digital inclusive finance

Zhuo Chen, Jialu Zhang and Xiawei Liu

The impact of local debt management on corporate ESG Performance: A quasi-natural experiment based on the new budget law

Ming Wei and Xingui Xu

How does board gender diversity shape ESG performance?

Yaqin Zhu and Jing Chen

Effects of digital media development on corporate financial behavior: Moderating role of corporate social responsibility

Fengzhan Zhu, Dan Zhang and Li Li

Does health insurance keep people from travelling? A heterogeneity analysis of the tourism sector

Yongfang Li, Yibo Zhang and Ying Zhang

Executive pay disparity, internal control, and corporate social responsibility

Weixuan Hu

Media attention, information asymmetry and agribusiness ESG rating divergence

Tianyu Chen, Ding Yin, Xinghua Li and Xuegao Xu

Unraveling the impact of R&D investment on corporate growth: Empirical insights on intensity- and growth rate-based differences

Drini Morina, Henning Lucas and Stefanie Heiden

The impact of environmental regulation on green image management of supply chain: Evidence from China

Donghui Li, Zhanxiang Zhang and Rui Xu

Randomized inspection and investment-price sensitivity: A natural experiment in China

Lina Xie and Chenxi Wang

Digitalization and supply chain finance risk: Evidence from listed firms in the construction industry

Zhihui Han and Zhitao Wang

Identification of systemic financial risks: The role of climate risks

Wenqiang Zhu, Shouwei Li, Hongyu Su and Sitong Yang

Correlation aversion in foreign direct investment

Navruz Khotamov and Naoto Jinji

Rising bubbles by margin calls

David Alaminos

Environmental policies stringency and cross-border banking: The mediating role of green industries

Subroto Rapih, Jorge Tavares Borges and Susantiningrum,

Predicting break-even in FinTech startups as a signal for success

Claudio Garitta and Laura Grassi

Environmental, social, and governance performance and leverage manipulation

Jing Huang, Jiaxuan Guo and Yongheng Chen

Corporate SDG adoption, share price synchronicity, and the role of incentive-compatible contracts in India

Rajat Sharma, Sonia Chawla, Vishal Dagar and Leila Dagher

Media coverage and corporate green innovation

Xiao Gao and Guangyao Zhang

Innovative human capital, government support for science and technology policy, and supply chain resilience

Lanxuanjie Zhou, Chenxi Tang and Yougen Cao

Digital transformation and corporate creditworthiness

Xiaofei Zhen and Yiyang Zhou

The green premium: How environmental consciousness elevates crowdfunding success

Francesco Appio, Tarik Bazgour, Federico Platania and Celina Toscano Hernandez

Gender disparity in the participation to equity crowdfunding campaigns

Claudio Bonvino, Andrea Odille Bosio and Giancarlo Giudici

Crowdfunding food waste related campaigns: The role of waste hierarchy classification and target market

Ciro Troise, Stefania Testa, Enrico Battisti and Silvano Cincotti

Equity crowdfunding for sustainable oriented ventures: Lead investor impact on campaign success and post-campaign performance

Nicola Del Sarto and Cristiano Bellavitis

Rising tides, rising funds: Floods and climate mitigation campaigns in equity crowdfunding

Monica Billio, Vincenzo Butticè, Francesca Di Pietro, Francesca Tenca and Silvio Vismara

Financing sustainable entrepreneurship: Unpacking the role of campaign information and risk disclosure in reward-based crowdfunding

Christian Hopp, Pascal Dey, Maria Riniker and Matthias Rüdiger

State-owned enterprises: A bibliometric review and research agenda

Claudia Curi, Paolo Mancuso and Alessandro Scarpa

The role of media visibility in mitigating greenwashing driven by executive environmental cognition: Evidence from China

Yanpeng Chen and Tajul Ariffin Masron

Can strict financial regulation improve analysts’ forecast accuracy? Evidence based on a quasi-natural experiment in China

Tao Jiang and Gang Wu

Stay single or get Married?: Impact of Long-term care insurance on Individuals’ marriage decisions

Siyuan Wang, Yuqing Han and Baozhu Wang

Can fair competition enhance corporate ESG performance? Evidence from a quasi-natural experiment of China's fair competition review system

Yangqiu Ren, Guoliu Hu and Qing Wan

Low-risk anomaly: Idiosyncratic risk or return distribution

Tianyang Li and Yinzhu Li

New-type infrastructure and corporate digital transformation: Evidence from a multimethod machine learning approach

Chen Chen and Zhixin Xue

Generative AI-assisted evaluation of ESG practices and information delays in ESG ratings

Qishu Wang

Public debt and corporate debt: Is there a crowding out effect in Brazil?

Carlos Stahlhoefer Hoerlle and Eduardo Kazuo Kayo

Using deep learning to predict energy stock risk spillover based on co-investor attention

Jingjian Si, Xiangyun Gao and Jinsheng Zhou

Portfolio optimization using deep learning with risk aversion utility function

Kenji Kubo and Kei Nakagawa

Analyzing the transmission effects of monetary policy in production networks under economic policy uncertainty

Pin Peng, Yuanzhi Kang and Wanli Huang

Time-frequency volatility spillovers between CBDC uncertainty and cryptocurrencies

Jieru Wan, Liyan Han and You Wu

Curvature and the mean-variance-ESG frontier: A new measure of risk-return-ESG trade-offs

Amine Mounir

Financial decentralization, financial expansion and sustainable development of real enterprises from the perspective of return on invested capital

Wenxin Wang

The impact of digital transformation on green innovation: Novel evidence from firm resilience perspective

Qi Luo, Lisha Deng, Zeming Zhang and Hao Wang

Crowdfunding for sustainable development: Comparing stand-alone and combined applications

Francesca Michelino, Vincenzo Varriale, Francesco Appio and Mauro Caputo

Geopolitical risks and exchange rates

Hakan Yilmazkuday

Social insurance contribution rates, income levels, and corporate innovation

Yuming Ouyang

A multi-pronged analysis of common and market-specific equity outliers across the G7, China, and global markets using country ETFs

Abbas Valadkhani

Digitalization intensity and its impact on financial performance: The role of scalable platforms

Roberto Moro-Visconti, Javier Sánchez García, Joaquín López Pascual and Salvador Cruz Rambaud

Air quality and stock price crash risk: From the perspective of audit quality

Jia Xu, Weiqi Liu and Hanzhang Wu

Effects of green finance and digital transformation on enhancing corporate ESG performance

Tingxuan Sun, Suqin Liu and Min Guo

ESG performance, bank fintech and risk-taking

Wei You and Bojing Liu

Do AI incidents and hazards matter for AI-themed cryptocurrency returns?

Jying-Nan Wang, Hung-Chun Liu and Yuan-Teng Hsu

Time-frequency co-movements between climate uncertainty and carbon market returns: Evidence based on wavelet coherence analysis

Jin-Hui Cao, Chi Xie, Gang-Jin Wang, You Zhu and Jiatong Liu

When climate risk hits corporate value: The moderating role of financial constraints, flexibility, and innovation

Mirza Muhammad Naseer, Yongsheng Guo and Xiaoxian Zhu

Conciliating environmental and financial performance in emerging countries

Maurizio Dallocchio, Francesco Pistolesi and Emanuele Teti

Impact of venture capital on total factor productivity: Insights from enterprise-investment institution factor flows

Xuxia Ma and Shanshan Zhu

Government accounting supervision and corporate supply chain risk

Yizhen Lyu

Digital communication and informed trading: Evidence from social distancing orders

JinGi Ha

Regional vitality and population growth: The reality of the Yangtze River Economic Belt

Yi Liu and Miao Lyu

Environmental protection tax legislation and corporate reputation in China: A legal perspective

Zenghong Ran and Pengfei Ji

North Korea threat risk, Korean business groups and corporate tax avoidance

Gun Lee and Hongmin Chun

Digital finance and firm green innovation: The role of media and executives

Wenwen Wang

Belt and Road Initiative: Driving innovation in tech enterprises through global value chains

Wensheng Dai

Fostering green technological innovation through carbon emission trading policies

Feifei Hu, Huibin Chang, Dongxue Wang and Xiaowei Chen

Asymmetric effects of media climate sentiment divergence on the volatility of green and grey energy stocks

Yating Fu, Lingyun He, Yufei Xia, Rongyan Liu and Ling Chen

Climate risks and the connectedness between clean and dirty energy markets

Jingyan Huang, Zhenhua Liu and Kun Guo

Impact of green credit on financing constraints of energy-consuming firms

Shanshan Zhao, Qiong Wu and Xiaodong Zhou

The spillover effect of IPO technology risk information on stock price synchronization: Evidence from China

Haiyan Xue, Jin Shi, Xindong Zhang and Shusheng Ding

The impact of excess goodwill on stock market crash risk from an external auditing perspective

Jingyi Sun, Pengju Xia, Li Xue and Jiangning Wu

Government governance, family financial support, and financial well-being of the elderly: Evidence from CHARLS Data

Liuhui Yang and Ruoyi Li

The impact of managerial myopia on corporate resilience: From the perspectives of resistance and recovery

Taiyu Zhang, Xiaohang Ren and Songsheng Chen

Impact of accelerated depreciation policies for fixed assets on firms’ green innovation performance

Yuanheng Li, Xinyu Chai, Ruiqian Su and Kedong Chen

The role of interlocking directorates and managerial characteristics on corporate green innovation

Xiaoyue Zhang and Weizheng Sun

Holistic bidding strategies: Addressing target shareholders’ behavioral resistance in M&As

Beni Lauterbach, Blake Loriot, Yevgeny Mugerman and Joshua Shemesh

Trying to think: An experimental study of the impact of cognitive load on financial risk taking by groups

E. Lahav, R. Manos, G. Kashy-Rosenbaum and N. Sitbon