Finance Research Letters

2004 - 2025

Current editor(s): R. Gençay

From Elsevier
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Volume 79, issue C, 2025

Cash duration, risk, and implications for stock returns

Roi D. Taussig

Mapping complex interdependencies through higher order moments: Cross-market spillovers and shocks in BRICS

Muhammad Shahzad Ijaz, Robert Faff, Mahrukh Khurram and Irfan Munir

Anti-Unfair competition law, corporate financialization, and corporate social responsibility fulfillment

Yingying Zhao and Zhiyu Wang

Can Fintech enhance firms’ ambidextrous innovation capabilities? Perspective of organizational resilience

Yuanyang Liu, Xuemei Tian and Yang Long

Redefining the future: Summary of research and future directions

Laura Gonzalez and Ivelina Pavlova

Stochastic ESG scores and nonpecuniary ESG preferences: An extension to CAPM

Kei Nakagawa, Keisuke Morita and Ryuta Sakemoto

The effects of government bailouts on bank performance in the EU

Soňa Sivá

A complementary valuation model and exit multiples

Hyoung-Goo Kang and Doojin Ryu

How does a fair competitive policy affect manufacturing enterprises' digital transition? Evidence from the implementation of the fair competition review system

Hao Li and He Wang

Effects of equity incentives on corporate ESG performance–Multiperiod difference-in-differences method

Hang Wang and Haiying Liu

The impact of basic medical insurance on household financial asset allocation

Xi Liu, Zheng Wang and Jinmin Zhao

Research on the impact of public data openness on urban-rural income inequality

Guohao Zou, Cunbin Fan and Chufeng Yang

Does provincial gambling intensity affect corporate maturity mismatch? Evidence from China

Hui Shi

Financial conditions and Sino-US tensions: A Granger causality analysis of diverging financial condition indicators

Yifei Cai, Yijuan Shen and Gazi Salah Uddin

Does investor short-horizon affect stock mispricing? An empirical study based on higher order expectation theory

Tao Gao, Xiaolei Cui and Longbing Xu

Recruitment compensation gaps and firm value

Haocheng Yue and Jingcheng Li

Linguistic nuances and the valuation of corporate investments in innovation

Michael Machokoto, Tesfaye T. Lemma and Reon Matemane

Unlocking financing opportunities: The impact of the ELITE Program on SMEs’ Financing

Pietro Fera, Antonio Meles, Nicola Moscariello, Luigi Raffaele Pellegrino and Giorgio Ricciardi

Herding behavior in African stock markets: A state-space assessment during times of crisis

Kodjovi Assoe, Mohamed Lamine Mbengue, Babacar Sène and Oumar Sy

Does ESG explain stock returns? Evidence from Chinese stock markets

Zili Shang, Bo Yu and Keith S.K. Lam

Uncovering nonlinear dependencies in the Treasury-funds rate spread: Quantile-based explanation

Fanyu Meng

Sino–US trade frictions and corporate investment

Yanqiong Li, Dongning Li and Jie He

ESG and sustainable development: Evidence from DCC-GARCH R2 decomposed connectedness measures

Nabila Boukef Jlassi, Amine Lahiani, Salma Mefteh-Wali and Nada Mselmi

Market competition, environmental governance subsidies, and environmental penalty risks

Yang Jiao, Hairong Tang, Da Tu and Hongli Liu

Business structure, competition, and financial stability: Evidence from China's property-liability insurance market

Shuang Wu and Yanan Chen

Fintech and low-carbon urban development

Ting Zeng and Yuan Jiang

Gold and cryptocurrencies as safe-havens: Lessons from wartime

Boris Pastén-Henríquez, Pablo Tapia-Griñen and Jorge Sepúlveda-Velásquez

The effect of employee stock ownership plans on enhancing corporate innovation

Xiaohan Sun, Yongyu Lu and Shan Tian

Analysis of the impact of bank digitization process on liquidity creation and risk-taking

Lu Wang, Xinli Zhao and Ling Wan

Local government debt and household human capital investment

Chao Wang and Wei Geng

Legal governance and banking efficiency

Shuwen Wang and Han Luo

The resilient power of CSR: Sustained risk reduction despite widespread ESG adoption

Jorge Merladet, Sara Lumbreras and Andrés Ramos

Social governance, financial regulation, and corporate investment efficiency

Zhongyi Gong, Pei He and Yuyang Sun

From rules to results: How the ecological rule of law drives corporate pollution reduction

Chuanfei Wang and Pu Sun

A benchmark-asset principal component factorization for index tracking on large investment universes

F. Cesarone, A. Di Paolo, M. Bufalo and G. Orlando

Investor network attention, information disclosure quality, and stock liquidity in enterprises

Huilian Fu, Jingyi Cai, Sinan Xia and Lianjie Zhou

Does big data tax governance alleviate maturity mismatch in corporate investment and financing

Qian Niu, Qiuyuan Ou and Fengli Kang

FinTech literature reviews: A hybrid approach

Dharen Kumar Pandey

Environmental responsibility governance: Local environmental legislation influence on corporate environmental investment decisions

Yuge Hu, Yifei Dong and Pradeep Paraman

Do green finance policies promote the development of publicly listed tourism enterprises? The mediating effect of financing constraints

Nan Qiao and Bohan Xu

The role of enterprises in the relationship between climate risk and regional governmental income

Dahai Yu and Yao Tan

Attention to climate events and carbon price volatility

Xue Gong, Shidong Ji and Yaojie Zhang

Board gender diversity and organization capital

Chu-Bin Lin, Zhengyang Qi, Yi-Wen Chen and Yicheng Sun

How do enterprise big data applications mitigate asset mispricing?

Xiaolan Lin and Li Wang

The impact of financial support and innovation awareness on farmers' adoption of green production technology

Chao Han, Juekai Lyu and Daojun Zhong

Subcategories of ESG controversies and firm value

Cédric Faure, Emmanuelle Nys and Amine Tarazi

New energy demonstration cities policy and urban green transformation

Peng Wang and Donghai Li

Green finance and micro-zone level carbon emissions

Peng Lu, Ziwei Wang and Yibo Liu

Do green investors empower companies to develop sustainably? A study based on the perspective of innovation investment and corporate governance levels

Hongcui Yu and Jinsong Zhang

Does good corporate governance reduce cost of mutual fund investments: An emerging market perspective

Dr. Munawar Sayyad, Dr. Kaushik Bhattacharjee and Dr. Rajesh Pathak

Does the abrupt change of a partner or manager affect audit quality?

Huanmin Yan, Zile Yu, Haodong Zhao, Hangyu Jiang and Xuehua Zhang

What does green bond prospectus communicate about credit spread?

Shivani Sharma and Udayan Sharma

Cautious but effective: CEO elite education and the timeline of mergers and acquisitions

Xuan-Qi Su

Financial transparency and dividend policy: The moderating effect of analyst coverage

Yifan Peng and Wenchang Li

Expanding horizons, shrinking habitats: Firm scope and biodiversity risk

Mostafa Monzur Hasan, Ashrafee T. Hossain and Lien Duong

Can digital finance change corporate capital structure?

Jiapin Gao and Fang Hu

Environmental courts, green credit, and corporate carbon reduction

Yilin Li, Keying Li, Juan Li, Yinglong Zheng, Tian, Grace (Li) and Wang, David (Han)

Social insurance, wage levels, and corporate innovation efficiency

Xiang Hua

Impact of environmental regulation intensity and digital economy on regional environmental penalties

Miaomiao Chui, Yinglong Zheng, Tao Peng and Dinghao Shi

Development of the green finance market, carbon emission trading, and corporate environmental responsibility

Kang Wang and Yixiang Xu

Impact of corporate financialization constraints on export activities: Analysis of the moderating effect of economic policy uncertainty

Haonan Yu and Shan Tian

Financial regulation, digital currency, and risk management

Wei Zeng, Yongqian Tu, Xin Juan and Tian, Grace (Li)

Establishment of regional environmental courts, development of financial technology, and optimization of the business environment

ZiYan Chen and Tao Zhao

The effect of financial advisor reputation on mergers and acquisitions performance

Yinhui Hao and Yan Zhou

Empirical research on the acceptance of digital finance and consumption patterns among middle-aged and elderly people in rural areas: The impact mechanism of life satisfaction and income level

Tifeng Liu, Guoqing Shi, Fei Gu and Junzhuo Xu

Corporate litigation risk and total factor productivity: The mechanism of financing constraints

Yan Liu, Yinglong Zheng, Juan Li and Xuemei Cheng

Changes in stock price synchronicity driven by digital transformation: The role of media attention and accounting conservatism

Zhengzheng Huang and Yanwei Hao

Heterogeneous institutional investor behaviour and corporate digital technology innovation

Shiguo Xu, Lianjie Zhou and Mengwei He

Female executives, corporate social responsibility, and green innovation

Siyang Hu and Shaoling Wu

Rural financial development, agricultural mechanization, and total factor productivity

Wenbin Min

Green credit, monetary policy, and bank risk-taking

Fei Huang, Huiming Zhu and Saijun Wu

Development of artificial intelligence, green finance, and high-quality development of regional cultural industries

Li Ke, Pinglan Lin and Xiaoyun Chen

Intellectual property protection: How bankruptcy courts shape corporate technological innovation and patent quality

Xiaoming Wu and Kai Wu

How does improvements in regional security level mitigate corporate financing constraints?

Shuchao Zhou, Qiang He and Tianqi Zhao

Risk, gender, and digital finance

Fan Liu, Angela C. Lyons and Eddy S. Fang

Convertible bond issuance and liquidity of small-cap listed companies

Conghua Wen, Rui Jiang and Xiao Lin

Towards net zero: Implications of environmental regulations on green finance

Md Al Mamun, Sabri Boubaker, Md Zakir Hassan and Riadh Manita

Beyond regular hours: Government overtime and new quality productivity of Chinese listed firms

Yanfei Wu and Kai Wu

The antecedent configurations of the supply chain finance adoption in China: Evidence from SEM and fsQCA findings

Xinzhu Pu, Shuochen Luan and Xiaobo Li

How does judicial improvement affect manufacturing firms' cross-regional development?

Houyang Du, Yanfeng Zhang and Weiran Zhang

The impact of environmental information disclosure quality on corporate value: The mediating role of innovation investment

Xianzi Yang, Chao Zheng and Miao Wang

Intermediary roles of box office earnings and leading actor influences on the relationship between box office buzz and stock price fluctuations

Lingjuan Liu, Weina Qin, Huangang Zheng and Wei Liu

How do green acquisitions facilitate enterprise carbon emission reductions?

Min Hu and Miao Huang

Impact of foreign shareholding on major shareholders’ tunneling

Shengyang Zhong, Yibo Liu, Xin Zhang, Shuai Huang and Wen Zhang

Role of private placement targets in shaping long-term corporate performance

Jun Han and Chong Xiao

Do legal advisors boost M&A performance

Meng Qi, Wei Wu, Yue Yan, Shuying Wu and Zheng Ji

The impact of ESG engagement on corporate patenting strategy

Xuehui Zhang, Le Miao, Guoying Mu and Mingwen He

Supply network centrality and ESG performance: A resource dependence perspective

Siying Quan, Peng Cheng and Jia Zhai

Can payday loan bans and financial literacy benefit consumers?

Eric McKee, Oscar Solis and Wei Zhang

Exploration of the spillover effects of cross-regional cooperation under the Belt and Road Initiative: A discussion based on the regulation of financial technology

Liyi Liao

Role of digital innovation's moderating effect on the relationship between organizational resilience and corporate risk-taking

Chong Zhang, Hanxiao Lu, Chaobo Zhou and Chen Gan

Shortages and machine-learning forecasting of oil returns volatility: 1900–2024

Onur Polat, Dhanashree Somani, Rangan Gupta and Sayar Karmakar

Supply chain resilience, logistics efficiency, and enterprise competitiveness

Dawei Zheng and Tingdong Wang

Economic policy uncertainty and active management: Evidence from SRI funds

Neveen Ahmed, Barbara Abou Tanos, Omar Farooq and Mohammed Bouaddi

Corporate green transition and financial risk: Evidence from China's micro-enterprises

Fenfen Wang, Yu Zhang, Qingfeng Luo and Can Wang

Regional digital–green synergy transformation and enterprise new quality productive forces

Zidan Shan, Xiangyu Han, Dou Huang and Guang Xu

Analysts' vs. investors' optimism bias in legal and normative CSR

Grace Il-Joo Kang and G-Song Yoo