Finance Research Letters

2004 - 2025

Current editor(s): R. Gençay

From Elsevier
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Volume 56, issue C, 2023

A U-shaped relationship between real financialization and financial risk: Evidence from a single threshold model

Xiang Yan, Xuefang Wang and Sheng Liu

Governmental subsidies, corporate environmental investments and firm performance: Evidence based on oil & petroleum industry

Dawei Xue, Jiayin Feng and Zhihong Zhu

Time-varying market efficiency of safe-haven assets

Ugochi C. Okoroafor and Thomas Leirvik

Uncertainty in systemic risks rankings: Bayesian and frequentist analysis

Elena Goldman

Does carbon emission of firms aggravate the risk of financial distress? Evidence from China

Xin Ding, Jingshan Li, Tiantian Song, Chenyang Ding and Wenhao Tan

Joint extreme risk of energy prices-evidence from European energy markets

Yiqun Sun, Hao Ji, Xiurong Cai and Jiangchen Li

A comparative study of firm value models: Default risk of corporate bonds

Sung Ik Kim

Network analysis of international financial markets contagion based on volatility indexes

Weinan Lin, Ruolan Ouyang, Xuan Zhang and Chengkai Zhuang

FDI in services and firm innovation

Xuefeng Wang and Haiyun Liu

Equity incentive, political connection and bank loan in private enterprises

Lingnan Cai

Historical or contemporary causes of corruption: International evidence

Zhang Qia and Jin Yanting

An explainable financial risk early warning model based on the DS-XGBoost model

Tianjiao Zhang, Weidong Zhu, Yong Wu, Zihao Wu, Chao Zhang and Xue Hu

Corporate financialization, internal control and financial fraud

Junmin Tian and Hui Sun

A note on the dynamic adoption and valuation theory in tokenomics

Zhuyi Shen, Shibo Wang and Jinqiang Yang

The reaction of the financial market to the January 6 United States Capitol attack: An intraday study

John Stephens, Seyed Mehdian, Ştefan Gherghina and Ovidiu Stoica

Cartel pricing dynamics and discount factor uncertainty

Anton-Giulio Manganelli

Investigating the impact of technology and noise shocks on capital flows

Yang Yang, Yanling Tang, Ren Zhang and Li Wu

Carbon productivity and volatility

Hail Jung, Junyoup Lee and Chang-Keun Song

A semi-parametric analysis of the cash flow sensitivity of cash

Marvelous Kadzima and Michael Machokoto

Asymmetric information, credit market and the optimal regulation of brand market

Bo Wang and Suli Zheng

Financial development gap, institutional distance and international cooperation on production capacity

Xuewei Yu, Jingyi Jiao and Hongying Yin

Minority shareholder activism, threat of exit and pay-performance sensitivity

Han Han, Zhibin Wang and Xueqing Zhao

Climate uncertainty and marginal climate capital needs

Timotheos Angelidis, Athanasios Sakkas and George Spiliotopoulos

Monetary policy transmission through banks when liquidity is abundant but unevenly distributed

Mattia Girotti and Guillaume Horny

Extreme return and volatility connectedness among real estate tokens, REITs, and other assets: The role of global factors and portfolio implications

Mohammad Abdullah, David Adeabah, Emmanuel Abakah and Chi-Chuan Lee

Extrapolative beliefs about Bitcoin returns

Ralitsa Petkova

Network effects on risk co-movements: A network quantile autoregression-based analysis

Yu Chen, Yu Gao, Lei Shu and Xiaonan Zhu

The stock price of European insurance companies: What is the role of ESG factors?

Caterina Di Tommaso and Maria Mazzuca

Quality of institutions and employment dynamics of social enterprises: Evidence from Italian regions

Francesco Savoia, Federica Bandini, Daniela Bolzani and Eleonora Grassi

Analyzing commodity futures and stock market indices: Hedging strategies using asymmetric dynamic conditional correlation models

Saad Alshammari and Hassan Obeid

Did the collapse of Silicon Valley Bank catalyze financial contagion?

Md Akhtaruzzaman, Sabri Boubaker and John W. Goodell

Dynamic connectedness, asymmetric risk spillovers, and hedging performance of China's green bonds

Yuanyuan Man, Sunpei Zhang and Jianing Liu

Determinants of non-performing loans: An explainable ensemble and deep neural network approach

Chioma Ngozi Nwafor and Obumneme Zimuzor Nwafor

Learning about unprecedented events: Agent-based modelling and the stock market impact of COVID-19

Davide Bazzana, Michele Colturato and Roberto Savona

Information infrastructure, technic link and corporate innovation

Wang Lumeng, Chen Hailin and Chen Shilai

Corporate innovation and internationalization: Evidence from China

Fang Fang

SAFE Artificial Intelligence in finance

Paolo Giudici and Emanuela Raffinetti

The impact of digital finance on online shopping

Airu Jiang

Intergroup competition, group status, and individuals’ cooperation behavior: Evidence from a laboratory experiment

Yizi Wang

The effect of asymmetric information disappears: Evidence in share repurchases and market efficiency

Chien-Chiang Lee, Bokyung Park and Chih-Wei Wang

Mixed blessing: Mixed ownership reform and innovation behaviour of Chinese state-owned enterprises

Yueyang Zhao and Jinzhou Mao

Good for the planet, good for the wallet: The ESG impact on financial performance in India

Amar Rao, Vishal Dagar, Kazi Sohag, Leila Dagher and Tauhidul Tanin

The signaling effect of policy loans: Do commercial banks follow up or stand by?

Wei Fan, Qianwei Ying and Guo Meng

FTX Collapse and systemic risk spillovers from FTX Token to major cryptocurrencies

Elie Bouri, Elham Kamal and Harald Kinateder

Predict or to be predicted? A transfer entropy view between adaptive green markets, structural shocks and sentiment index

Joaquim Ferreira and Flávio Morais

ESG performance and stock price fragility

Hu Wang, Hong Shen and Shouwei Li

Market systemic risk, predictability and macroeconomics news

Cindy S.H. Wang, Rui Fan and Yiqiang Xie

A Real-Time GARCH-MIDAS model

Xinyu Wu, An Zhao and Tengfei Cheng

Inflation and systemic risk: A network econometric model

Javier Sánchez García and Salvador Cruz Rambaud

Fair value information and regulatory capital management using financial asset reclassification by Korean insurers

Eugenia Y. Lee, Young Jun Kim and Sangyoon Lee

R&D disclosure and corporate innovation: Mediating role of financing structure

Zhiying Liu, Kaili Hu and Ammar Hussain

FinTech finance and social-environmental performance around the world

Charilaos Mertzanis

The Chinese oil futures volatility: Evidence from high-low estimator information

Xiaozhou Huang, Yubao Wang and Juan Song

Information shocks and investor underreaction: Evidence from the Bitcoin market

Yongqiang Meng, John W. Goodell and Dehua Shen

The impact of internet articles on investor trading decisions by investor types: Evidence from Korean stock market

Hyunkwon Cho, Ga-Young Choi and Joonil Lee

Common ownership along supply chain and trade credit: Evidence from China

Yanhui Xu

Volatility connectedness between global COVOL and major international volatility indices

Danyang Xu, Yang Hu, Shaen Corbet and John W. Goodell

Does Chinese companies' OFDI enhance their own green technology innovation?

Weiwei Zhang, Shijin Zhang, Fu Chen, Yuan Wang and Yichi Zhang

Impacts of digital inclusive finance on household entrepreneurship

Jinshun Wu and Luyao Wu

Twitter matters for metaverse stocks amid economic uncertainty

Ahmet Faruk Aysan, Jonathan Batten, Giray Gözgör, Rabeh Khalfaoui and Zhamal Nanaeva

Supplier geographical concentration and corporate innovation

Yurong Xiong, Haomin Wu, Xin Ding and Ji Wu

Leading the charge: The impact of executives with R&D backgrounds on corporate digital transformation

Weichen Yan, Zhipeng Cai and Aishu Yang

Climate change and blue returns: Evidence from Niche firms in China

Haiyan Wang, Nawazish Mirza, Muhammad Umar and Xin Xie

Stock liquidity and controlling shareholders' encroachment of private interests: Evidence from China

Xiqiong He, Xiang Gu and Hao Liu

Institutional investors’ monitoring attention, CEO compensation, and relative performance evaluation

Cai Liu and Chao Yin

DSGE on the metaverse

Yunxia Bai, Bofu Zhang and Liuyang Xue

How did major global asset classes respond to Silicon Valley Bank failure?

Wajahat Azmi, Zaheer Anwer, Shujaat Naeem Azmi and Haitham Nobanee

Managerial ability and stock price synchronicity

Xiaojun Gan and Pei Hu

Firms’ delayed replies and investor confidence: Evidence from M&A comment letters in China

Mengrui Han, Qianwei Ying and Li Huang

Corporate advertising expense and share price synchronization

Yixuan Chou and Wenjin Tang

Analysis of the carbon emission reduction effect of Fintech and the transmission channel of green finance

Jie Xu, Fu Chen, Weiwei Zhang, Yiting Liu and Tingting Li

The impact of the Bitcoin price on carbon neutrality: Evidence from futures markets

Xiangling Wu and Shusheng Ding

Challenging golden standards in EWMA smoothing parameter calibration based on realized covariance measures

Jan Patrick Hartkopf and Laura Reh

IFRS 9, banking risk and COVID-19: Evidence from Europe

Yadira Salazar, Paloma Merello and Ana Zorio-Grima

Do NFTs act as a good hedge and safe haven against Cryptocurrency fluctuations?

Anoop S Kumar and Steven Raj Padakandla

An event-driven bank stress indicator: The case of US regional banks

Rafael B. De Rezende

Green finance reform and stock price crash risk: Evidence from Chinese heavily polluting companies

Tao Cen

Financial openness and fintech credit

Subroto Rapih, Susantiningrum,, Budi Wahyono, Jorge Borges and Somesanook Phongsounthone

SFDR, investor attention, and European financial markets

Giuliana Birindelli, Helen Chiappini and Raja Nabeel-Ud-Din Jalal

Promotion incentives, tenure uncertainty, and local government debt risk

Mengtao Zhang, Wenchuan Chen, Aidi Kou and Yanjun Wu

Transforming firm innovation: International evidence on consumption tax adoption

Chen Lin, Lai Wei and Ying Xu

Digital banking and deposit: Substitution effect of mobile applications on web services

Lei Wu, Dongli Yu and Yongbin Lv

What has been changed in SPAC mergers? Evidence from Korea since their introduction

Hyung Cheol Kang and Sangwon Lee

The welfare impact of Euro on European consumers

Ermanno Affuso, Jan Buleca, Dengjun Zhang and Martin Zoricak

Does mandatory quarterly reporting induce managerial myopic behavior? Evidence from Japan

Yuya Koga and Tomoyasu Yamaguchi

Retail investor attention and corporate environmental performance: Evidence from china

Yaxin Ming, Yubo Li, Nian Liu and Jing Li

Deconstructing the Gerber statistic

Emlyn Flint and Daniel Polakow

Explainable artificial intelligence in finance: A bibliometric review

Xun-Qi Chen, Chao-Qun Ma, Yi-Shuai Ren, Yu-Tian Lei, Ngoc Quang Anh Huynh and Seema Narayan

The value of online investor relations under COVID-19: Evidence from investor interactive platforms in China

Xiaoqing Zhang

The power of paper: Scientific disclosure and firm innovation

Qifeng Zhao, Qianfeng Luo and Yunqing Tao

The two faces of subsidized loans

Eduardo K. Kayo, Walter Eclache da Silva and Roy Martelanc

How does the Paris Agreement affect firm productivity? International evidence

Jing Pang, Zhaoda Liu, Wanyue Hou and Yunqing Tao

Does digital transformation restrain corporate financialization? Evidence from China

Ziqi Zhang, Zhi Su and Fang Tong

Has shareholder background been priced?–Evidence from the issuance of financial bonds by financial leasing companies

Xia Chen, Lili Wang, Yinghuan Zhu and Yue Shang

Leverage adjustment behaviors and stock price crash risk

Shiwei Su, Songbo Jia and Guangping Shi

Corporate strategy aggressiveness and bond credit spreads

Shuguang Wang and Qiqi Hou

Digital financial inclusion and the share of labor income: Firm-level evidence

Wenpeng Zhu

The governance of non-state shareholders and corporate ESG: Empirical evidence from China

Zengrui Tian, Bingsheng Zhu and Yuzhong Lu

Climate change and Japanese economic policy uncertainty: Asymmetric analysis

Jiaming Zhang, Yang Zou, Yitian Xiang and Songlin Guo

Can an early exit mechanism attract more pledges in equity-based crowdfunding? Evidence from China

Gongbing Bi and Jiancheng Lv

Narrative attention and related cryptocurrency returns

Khanh Quoc Nguyen, Thanh Huong Nguyen and Bao Linh Do

Rule improvements and irrational characteristics of herd behaviour–The effects of SMT policy

Jia Liu, Pengju Fu and Chunyan Lin

How connected is the crypto market risk to investor sentiment?

Xudong Lin, Yiqun Meng and Hao Zhu

How Russian-Ukrainian geopolitical risks affect Chinese commodity and financial markets?

Min Wang and Yuquan Su

Cryptocurrency return dependency and economic policy uncertainty

Kuang-Chieh Yen, Wei-Ying Nie, Hsuan-Ling Chang and Li-Han Chang