Finance Research Letters

2004 - 2026

Current editor(s): R. Gençay

From Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 90, issue C, 2026

Can green finance policies promote substantive green transformation in firms? Evidence from the risk-taking and market competition

Aiping Zhang, Hongze Zhang, Jixian Meng, Wei Li and Yu Zhang

How does data security promote enterprises' data assetization? Evidence from the implementation of the Data Security Law

Xiaoshan Liu and Houyang Du

Analyst forecast accuracy and corporate financial performance

Mei Yang, Furong Yang and Zaiyun Yang

The road to decentralization: Optimal coverage on Decentralized Physical Infrastructure Networks (DePIN)

Jorge Soria Ruiz-Ogarrio, Jorge Moya Velasco and Carlos Estévez-Mendoza

Digital government development, supply chain finance, and the business environment for enterprises

Boxun Li and Xudong Xiong

Sectoral stress testing of bank credit risk in China: A SUR model analysis of macroeconomic and geopolitical shocks

Pingling Cai, Xinmiao Zhou and Haohan Wang

Expectations and market reactions to data breaches

Ndackyssa Oyima-Antseleve

Impact of digital inclusive finance on firm employment growth

Xiaoye Shang and Canhui Liu

Executive risk preferences, supply chain finance depth, and corporate credit availability: An empirical analysis based on the mediating effect

Shiyan Peng, Zhuohang Li, Xiaobei Wei and Jingyi Liu

Big Data Governance Institutional Reform, Level of Financialization, and Corporate Innovation

Yi Zhang, Yingjie Zhang, Na Wang, Shuxian Li, Xiaojie Zhang, Yue Song and Menglu Wang

Logistics, financial innovation, and the green economy: How sustainable development reshapes trade networks

Xiuyang Cai

The impact of managers' overconfidence and corporate tax avoidance: a full-life-cycle perspective

Yang Su, Anbei Liu and Wenhao Lei

Digital intelligent transformation, financial collaboration, and economic resilience of tourism enterprises

Yu Huan, Dong Liu, Liyong Huang and Chunxiang Luo

Government regulatory capacity, financial risk prevention and control, and regional economic resilience

Mengchu Li, Jincheng Liu and Fengshan Li

The belt and road initiative, financial culture, and corporate investment behavior

Nijie Xu, Yijia Yu and Xiangjian Zhang

Judicial efficiency, carbon emission trading regulation, and regional financial risk

Wanshu Xu and Haoyu Wang

News reporting authenticity, financialization, and corporate innovation development strategy

Jing Li and Qiang Chen

Environmental tax refund policy, cross-regional corporate investment, and green governance

Chunxia Liu and Xiaokui Jia

AI-driven, human–AI collaboration, and employee performance: The roles of digital finance

Siyi Wan and Yuhong Jiang

New securities law, internal control quality, and corporate investment efficiency

Jingsong Li and Anqi Liu

Financing constraints, land supply constraints, and firms' total factor productivity: evidence from farmland protection policies

Linfeng Xiang, Yong Xia, Zhicheng Liu and Xiaoshun Qin

Blockchain investment, FinTech, and employee innovation

Yuxue Wang and Xin Gao

Establishment of environmental protection courts, green finance, and corporate operating performance

Yaoqi Zheng

The impact of competition policy on corporate financialization: A quasi-natural experiment based on the anti-monopoly law

Yilin Liu and Xi Jiang

Financial regulation, capital market stability, and occupational crime

Zixuan Yuan and Hao Pan

Digital transformation, financing constraints, and corporate earnings management

Rong Zang and Ya Wei

Financial data security, rule of law environment, and corporate financing efficiency

Jianhua Tong, Yijia Yu and Yongqian Tu

Supply Chain, Innovation Factors, and Industrial Synergistic Agglomeration: Evidence from a natural experiment in China

Weijing Wang, Shunyu Yang, Yingjie Zhang, Wei Guo, Hui Cui and Qilong Sun

Registration system reform and risk of stock price collapse: the mediating effect based on auditor reputation

Junhua Yang, Xing He, Menghao Zhang, Xinxiang Gao, Congcong Gou and Xilong Chen

Silence is safer: ESG disclosure via social media

Ying Li, Dian Shen and He Li

How does digital finance shape technological upgrading in the agricultural industry: The roles of FinTech, total factor productivity, and fiscal expenditure

Linna Zhu and Yong Gao

The impact of non-institutional forces on green economy development: From the perspective of digital business environment

Zenan Zhang and Yiming Zhu

The nexus between artificial intelligence and financial resilience: a time-varying correlation

Zhilong Qin, Wei Ren and Qingqing Peng

Digital finance and manufacturing innovation: Evidence from R&D investment and patent output in emerging economies

Zhu Wenjuan

Managerial aggressiveness, internal green governance, and asset pricing efficiency

Jialin Liu, Xinyi Shi, Shujie Li and Zaishui Yu

GenAI investment in the industrial chain and firm breakthrough innovation

Yun Yao and Kaining Zhang

Environmental health management and firm productivity: Evidence from China

Luo Wan, Xiangjie Xie and Hongmin Chen

The impact of credit rating deviation on employee compensation levels: Evidence from South Korea

Natalie Kyung Won Kim, Dongchang Kang, Sewon Kwon and Jimin Yeom

Do match surprises move fan token prices? Evidence from UEFA competitions

Morris Justin Blom and Marco Henriques Pereira

Speculation around celebration: Holiday, January, and lottery stocks in Korea

Giho Jeong, Jihoon Goh and Donghoon Kim

Media enterprise business model innovation in the new-media era: A value-chain reconstruction perspective

Meilian Jiang, Jingru Li and Zifei Cheng

Digital economy and high-quality tourism development: Roles of environmental regulations and foreign direct investments

Lin Cheng

Geoeconomic tensions and financial market responses in northeast Asia: Evidence from trade policy uncertainty

Longyun Jin, Yida Xu and Mingyue Li

Climate commitments and market risks: Analysing the drivers of sovereign green bond issuance in India

Narasingha Das, Rudra Prakash Pradhan and Laeeq Razzak Janjua

Does artificial intelligence enhance bank profitability? Evidence from China

Zhen Li

United States monetary policy and Chinese corporate leverage ratio

Bing Zhang, Gaozhe Jiang and Enshuo Liang

Do SOE business groups spur green innovation? A-share evidence from China

Liang Yin, Yujie Tan, Qian Liu and Peng Gao

Can data asset intensity alleviate the risk of financial distress?

Changqing Liu and Nor Hamimah Mastor

How can artificial intelligence break through technological blockades? - evidence from China

Pengqun Gao, Guangyu Wang and Yinxia Li

Total factor productivity and digital financial inclusion: The nonlinear role of human capital

Xiangyi Kong and Jinghui Xu

Political corruption, regulatory red tape and stock returns

Shaker Ahmed, Ashrafee T. Hossain and Samir Saadi

Artificial intelligence-driven environmental risk assessment and green investment efficiency: Evidence from Chinese listed companies

Kaikai Luo and Xiangcheng Zhu

Fiscal subsidy policies and enterprise R&D investment: Sustainable exploration of China’s new energy vehicle industry

Ge Ban and Yun Wang

Do green bonds boost corporate investment efficiency? Evidence from China’s mandatory bond market

Haiyan Ma, Guangyi Luo, Yuan Li and Huiting Jing

Can corporate digital investment enhance green production efficiency? Evidence from Chinese listed firms

Gaocai Chen and Fan Wang

Hedging or speculation? Evidence from the US and Chinese option markets

Yihao Xu

The impact of monetary policy uncertainty on corporate innovation investment: A dual-channel analysis based on financing constraints and risk-taking

Haitao Liang and Sichen Wang

Equity financing costs and AI innovation: measuring patent quality via citation networks

Naixin Guo, Fan Pan and Jiongming Ren

Does sci-tech finance promote enterprise to engage in green transformation?

Jianbo Niu, Lu Wang and Chong Zhang

Fast ETFs, slow bonds: price adjustment under monetary tightening

Egle Karmaziene and Juan M. Terrada

Market reaction to SEC identifications under the Holding Foreign Companies Accountable Act: Evidence from U.S.-listed Chinese firms

Lu Peng, Xudong Ji, Helen Mengbing Ren and Peng Cheng

Facing crisis, what should the central bank say?

Dayu Liu, Yingying Li, Tingting Zhao and Kaishuo Xu

Ambiguity and market returns: A composite index perspective

Zaur Abdullazade

Digital transformation, innovation ambidexterity, and equity financing: evidence based on the cost of capital

Pinzhen He, Ziwei Li and Qin Li

Digital economy development, green technology innovation, and corporate labor investment efficiency enhancement: Dynamic mechanisms and heterogeneity

Yani Xie, Abu Hanifah Ayob and Hanjie Zheng

Green bond issuance and climate change in developing countries: The role of political stability

Nikhil M N, Shekhar Mishra, Elie Bouri and M Sandesh

ESG underperformance duration and corporate greenhushing: Evidence from China

Zichao Zhang, Delin Meng, Yiqun Shi and Chao Liu

ESG index reconstitutions and stock returns: Does culture have a role?

Tunahan Tayar and Zeynep Önder

Electricity shortages, price asymmetries, and behavioural responses in the Indian energy market

Pratik Biswas, Chandan Sharma and Hemachandra Padhan

Dynamic tail risk contagion in multi-asset markets: A DCC-MGH framework with CoEVaR analysis during systemic crises

Hairong Zheng, Sikai Wang, Tingting Zhang and Shuying Chen

Do green funds reduce corporate green innovation bubbles: The role of green finance policy

Qihai Cai, Ze Yu and Yichong Lin

Managerial climate risk perception bias and corporate investment inefficiency: Evidence from Chinese listed firms

Yifan Zhao and Jialong Li

The impact of green investors on corporate carbon disclosure: Evidence from Chinese listed companies

Bangzhu Zhu and Ze Song

Carbon trading policy pilot, green bond financing, and the valuation enhancement of specialized, fine, characteristic, and innovative enterprises

Xu Zhang and Shangxu Wu

The impact of investor sentiment index on stock market crash risk: An analysis of the mediating effect of stock price synchronization

Cui-Xia Zhao and Yan Li

Baijiu as an alternative investment: The financial performance of the world’s most consumed spirit

Shutian Li, Philippe Masset and Jean-Philippe Weisskopf

Research on pricing of carbon options based on an improved jump test method

Xiaohu Liang and Yijing Pan

Overlapping factor momentum

Weiyi Liu, Huachen Zhang and Die Wan

Do differences in stakeholder’s religiosity affect firms’ risk-taking?Evidence from the US credit unions

Andrés Mesa-Toro

Too much of a good thing? Tourism’s dual role in poverty vulnerability

Tongtong Zheng and Qi Pan

Does the wolf come again? The disappeared effect of trade war news on China’s stocks (2018 vs 2025)

Yabo Li, Zhen Zhang and Lei Yin

Family ownership, managerial incumbency, and firm performance: Evidence from China under policy uncertainty

Shilong Zheng and Xuelian Piao

Driving material civilization success:Unleashing supply chain enterprise collaborative research and development using AI

Lin Yang and Xianjun Xie

Digital Financial Infrastructure and Corporate Sustainability: Evidence from China’s e-CNY

Jiangang Zhang and Zhimin Cao

ESG rating disagreement, executive environmental background, and corporate green innovation: Evidence from China

Shuning Yang, Yuanhui Li and Wenxia Ge

Digital finance development and pricing efficiency of enterprise data assets

Yaqi Wang, Zidan Shan and Shuchen Zhang