Finance Research Letters

2004 - 2025

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 52, issue C, 2023

Can altcoins act as hedges or safe-havens for Bitcoin?

Yi Li, Brian Lucey and Andrew Urquhart

The neglected cohort: The impact of silent majority in social media on stock returns

Wen Long and Yanqiang Zhong

Do investors herd in a volatile market? Evidence of dynamic herding in Taiwan, China, and US stock markets

Wan-Ru Yang and Ming-Che Chuang

Impact of Russia-Ukraine war attention on cryptocurrency: Evidence from quantile dependence analysis

Rabeh Khalfaoui, Giray Gözgör and John W. Goodell

Can the global financial cycle explain the episodes of exuberance in international housing markets?

Xichen Wang and Qingya Liu

Can bonds hedge stock market risks? Green bonds vs conventional bonds

Xiyong Dong, Youlin Xiong, Siyue Nie and Seong-Min Yoon

Constructing a financial inclusion index for Mexican municipalities

María del Carmen Dircio-Palacios-Macedo, Paula Cruz-García, Fausto Hernández-Trillo and Emili Tortosa-Ausina

A closer look at the regime-switching evidence of bull and bear markets

Chris Kirby

Social media marketing for equity crowdfunding: Which posts trigger investment decisions?

Maik Eisenbeiss, Sven A. Hartmann and Lars Hornuf

Executive team heterogeneity and the moral hazard of equity pledging: Evidence from China

Yue Yuan

Effect of COVID-19 on non-performing loans in China

Lawrence Kryzanowski, Jinjing Liu and Jie Zhang

A class of portfolio optimization solvable problems

Yuyang Cheng and Marcos Escobar-Anel

Detecting wash trading for nonfungible tokens

Sven Serneels

Can average skewness really predict financial returns? The euro area case

Jan Annaert, Marc De Ceuster and Jef Van Cappellen

A new “Wall Street Darling?” effects of regulation sentiment in cryptocurrency markets

Yosef Bonaparte and Gennaro Bernile

Does innovation success reduce the cost of financing? Evidence from private investments in public equity

Yini Liu

Financial stabilization policy, market sentiment, and stock market returns

Jianlei Yang

Digital art and non-fungible-token: Bubble or revolution?

Claudio Boido and Mauro Aliano

External capital market frictions, corporate governance, and tax avoidance: Evidence from the TED spread

Karen Aparicio and Ryoonhee Kim

Non-linear shrinkage of the price return covariance matrix is far from optimal for portfolio optimization

Christian Bongiorno and Damien Challet

Measuring trade rule uncertainty and its impacts on the commodity market

Xinwei Zhao, Xianhua Mi, Chaoqun Ma and Geng Peng

Do Political connections influence investment decisions? Evidence from India

Kousik Ganguly, Ajay Kumar Mishra and Bhavik Parikh

Interlinkage between corporate social, environmental performance and financial performance: Firm-mediators in a multi-country context

Ranjan Das Gupta and Soumya G. Deb

Are short stocks susceptible to geopolitical shocks? Time-Frequency evidence from the Russian-Ukrainian conflict

Zaghum Umar, Ahmed Bossman, Sun-Yong Choi and Xuan Vinh Vo

Energy cryptocurrencies: Assessing connectedness with other asset classes

Imran Yousaf, Yasir Riaz and John W. Goodell

Disentangling domiciles and investor locations in European mutual fund data

David Rakowski

The role of uncertainty index in forecasting volatility of Bitcoin: Fresh evidence from GARCH-MIDAS approach

Yufei Xia, Chong Sang, Lingyun He and Ziyao Wang

Water and traditional asset classes

Ana Carmen Díaz-Mendoza and Ángel Pardo

Real effect of bond yield liberalization on corporate investment

Xiaowei Lin, Jianyong Wang, Lingli Zhang and Ying Chen

Do yield curve inversions predict recessions in the euro area?

David Sabes and Jean-Guillaume Sahuc

How ‘special’ are international banks sponsoring Irish-resident SPEs?

Brian Golden and Eduardo Maqui

The moment restrictions for the durable consumption model with recursive utility revisited

Masakatsu Okubo

Turkish Lira crisis and its impact on sector returns

Dlawar Mahdi Hadi, Sitara Karim, Muhammad Abubakr Naeem and Brian Lucey

The Lightning Network: Turning Bitcoin into money

Anantha Divakaruni and Peter Zimmerman

Fleeing entrepreneurs: “Original sin” suspicion and controlling shareholders’ foreign residency rights

Xi Wen, Xue Tan and Zhixuan Shen

The peer effect of penalty against firm leaders

Wenjing Cai, Fuxiu Jiang and Jia Ma

Board characteristics and IPO underpricing in China: The perspective of moderating effect of venture capitalists

Shuangjin Wang, Puxuan Wang, Richard Cebula and Maggie Foley

Digitalization and firm centralization: A quasi-natural experiment based on the “Broadband China” policy

Wenzhe Zhang and Guangqiang Liu

Testing for short explosive bubbles: A case of Brent oil futures price

Shaoping Wang, Hao Feng and Da Gao

Management buyouts in times of economic policy uncertainty

Benjamin Hammer, Sven Mettner, Denis Schweizer and Norbert Wünsche

Are blockchain and cryptocurrency M&As harder to close?

Evrim Akdoğu and Serif Aziz Simsir

Pricing VIX futures: A framework with random level shifts

Xiaoyi Chen, JianFen Feng and Tianyi Wang

Green credit policy and investment-cash flow sensitivity: Evidence from a quasi-natural experiment

Jing Zhao, Jingchang Huang and Feng Liu

Modeling volatility and dependence of European carbon and energy prices

Jonathan Berrisch, Sven Pappert, Florian Ziel and Antonia Arsova

How did Covid-19 affect investors’ interpretation of earnings news? The role of accounting conservatism

D’Augusta, Carlo and Francesco Grossetti

Co-opted board and firm climate change risk

Abdul Ghafoor, Mirzet Šeho and Imtiaz Sifat

Do diverse and inclusive workplaces benefit investors? An Empirical Analysis on Europe and the United States

Karoline Bax

Digital transformation and firm cost stickiness: Evidence from China

Yufeng Chen and Jing Xu

A research on incentive method of investment linkage based on the perspective of quantum game

Yang Liu, Mengying Cui and Xubin Gao

Common institutional ownership and corporate innovation: Synergy of interests or grabs of interests

Junrui Li and Lei Liu

Nonfinancial indicators in identifying stock price crash risk

Lang Wei and Yiling Zhang

Uncertainty in the financial regulation policy and the boom of cryptocurrencies

Syed Raza, Komal Akram Khan, Khaled Guesmi and Ramzi Benkraiem

Learning specialists and market resilience

Alfredo Contreras

Short-selling and mutual fund herding: The Chinese evidence

Lixuan Feng and Cheng Xiang

Pre-holiday limit order cancellation of individual and institutional investors

Wei-Yu Kuo and Jing Zhao

Use of Contingent Payment Mechanism in Nonperforming Loan Auctions

Ashish Pandey and Kousik Guhathakurta

Cash shortfalls in IPO firms

Lei Liu, Gady Jacoby, Xiaoping Song and Steven Xiaofan Zheng

Time-varying relationship between geopolitical uncertainty and agricultural investment

Rabin K. Jana and Indranil Ghosh

The impact of ESG tilting on the performance of stock portfolios in times of crisis

Emanuele Teti, Maurizio Dallocchio and Giulio L'Erario

Mandatory dividends and economic policy uncertainty: A challenge for investment opportunities

Jorge Sepúlveda Velásquez, Pablo Tapia Griñen and Boris Pastén Henríquez

Do macroeconomic variables drive exchange rates independently?

Rita Biswas, Xiao Li and Louis R. Piccotti

Uncertainty of uncertainty and accounting conservatism

Xin Cui, Tingting Ma, Xiaochen Xie and John W. Goodell

Investor attention on the Russia-Ukraine conflict and stock market volatility: Evidence from China

Haonan Zhou and Xinjie Lu

Valuation of chooser options with state-dependent risks

Yu-Min Lian and Jun-Home Chen

Stock price reaction to ECB communication: Introductory Statements vs. Questions & Answers

Pawel Baranowski, Hamza Bennani and Wirginia Doryń

Bounded pool mining and the bounded Bitcoin price

Dun Jia and Yifan Li

Patent-related intellectual property and corporate investment

Paresh Kumar Narayan, Seema Narayan and Vuong Thao Tran

“Not all climate risks are alike”: Heterogeneous responses of financial firms to natural disasters in China

Yajie Chen, Kun Guo, Qiang Ji and Dayong Zhang

Firm inflexibility and the implied cost of equity

Sadok El Ghoul, Zhengwei Fu, Omrane Guedhami and Samir Saadi

Public debt - economic growth nexus in emerging and developing economies: Exploring nonlinearity

Blessy Augustine and O.P.C. Muhammed Rafi

COVID-19 and risk spillovers of China's major financial markets: Evidence from time-varying variance decomposition and wavelet coherence analysis

Qiwei Xie, Lu Cheng, Ranran Liu, Xiaolong Zheng and Jingyu Li

The impact of fractional trading on risk aversion for non-professional investors

Janhavi Shankar Tripathi and Erick W. Rengifo

Family competition via divergence in the trading of funds

Laura Andreu, Ruth Gimeno and Miguel Serrano

The breadth of ownership and corporate earnings management

Guangyuan Ma, Yihong Wang, Yekun Xu and Limin Zhang

Green revenues and stock returns: Cross-market evidence

Alexander Bassen, Hao Shu and Weiqiang Tan

Heterogeneity of public services, gender identity, and the spatial allocation of real estate

Shilong Ge, Xiaozhong Yang, Cheng Zhang and Ying Xiong

The impact of the level of green finance development on corporate debt financing capacity

Yu He and Ruizhi Liu

Copula approach to market volatility and technology stocks dependence

Barbara Rašiová and Peter Árendáš

Self-discipline or self-interest: CEOs’ hometown identity and excess perks

Jing Chen, Xiaoqi Huang, Xinghe Liu, Hao Xiong and Cheng Xu

The volatility connectedness between agricultural commodity and agri businesses: Evidence from time-varying extended joint approach

Efe Cagli, Pinar Evrim Mandaci and Dilvin Taskin

Can environmental disclosure improve price efficiency? The perspective of price delay

Jitao Zhang and Yongliang Yang

Innovative efficiency and firm value: Evidence from China

Dongmin Kong, Yiwei Yang and Qin Wang

Bank-specific capital requirements: Short and long-run determinants

Carlos Alves, Alberto Citterio and Bernardo P. Marques

Voice or noise? Repetitive information and stock performance

Jin Xiaoman, Li Qing, Wang Jun and Zhao Jingmei

The role of venture capitalist monitoring in mitigating cost stickiness: Evidence from Korea's IPO market

Daecheon Yang, Jeong-Ho Koo and Jaemin Kim

The mitigation role of corporate sustainability: Evidence from the CDS spread

Stefano Caiazza, Giuseppe Galloppo and Giovanni La Rosa

Firms' exposures on COVID-19 and stock price crash risk: Evidence from China

Xiaowei Kong, Yifan Jin, Lihua Liu and Jialu Xu

Financial literacy and household energy efficiency: An analysis of credit market and supply chain

Xiang Ye and Pengpeng Yue

Impact of economic policy uncertainty on higher education expansion

Dong Wang, Ziwei Wang and Xiaohua Zong

Geopolitical uncertainty and crude oil volatility: Evidence from oil-importing and oil-exporting countries

Zhiyuan Pan, Xiao Huang, Li Liu and Juan Huang

The importance of trade policy uncertainty to energy consumption in a changing world

Yutang Xie, Yujia Cao and Xiaotao Li

The macroeconomic attention index: Evidence from China

Qing Zeng, Jiawei Cao, Yangli Guo and Dayong Dong

Machine learning approaches for constructing the national anti-money laundering index

Guike Zhang, Zengan Gao, June Dong and Dexiang Mei

The spillover effect of economic policy uncertainty: Evidence from analyst behaviors in Hong Kong

Zhaobo Zhu, Hang Lin, Min Chen and Peiwen Han

Nowcasting of the Short-run Euro-Dollar Exchange Rate with Economic Fundamentals and Time-varying Parameters

Boniface Yemba, Olusegun Michael Otunuga, Biyan Tang and Nabaneeta Biswas

Economic policy uncertainty, investor protection, and the value of excess cash: A cross-country comparison

Ramzi Benkraiem, Safa Gaaya, Faten Lakhal and Nadia Lakhal

The instability of stablecoins

Kun Duan and Andrew Urquhart

Two heads better than one? Strategic alliance and firms excess cash holdings

Wenrui Chen, Xinghe Liu and Yun Hong

Impact of Chinese financial development on OFDI reverse technology spillovers: Evidence from China

Xiaoli Huang and Xiaohua Huang

Does public policy towards venture capital promote local innovation? Evidence from China's establishment of fund town

Qing Yang, Ying Sophie Huang, Feng Guo, Jindan Zhang and Xiaoyang Zhao

Are banks rewarded for financial consumer protection? Evidence from a quasi-natural experiment

Ailian Zhang, Shuyao Wang, Donald Lien and Yu, Chia-Feng (Jeffrey)

The Power of the Imperial Envoy: The Impact of Central Government Onsite Environmental Supervision Policy on Corporate Green Innovation

Yulei Li, Shiyang Hu, Shu Zhang and Rui Xue

Gender-based CEO transitions: The role of the Big Three

Xiaochuan Song

Examining the relationship between financial literacy and demographic factors and the overconfidence of Saudi investors

Yasmeen Ansari, Mansour Saleh Albarrak, Noorjahan Sherfudeen and Arfia Aman

Can gender Pay-Gap disclosures make a difference?

Abudy, Menachem (Meni), David Y. Aharon and Efrat Shust

Foreign-law premium for European high-yield corporate bonds

Ranko Jelic, Yiming Zeng and Nikolaos Karouzakis

Risk linkages between China's stock market and APEC stock markets under China's market liberalization

Guanglin Sun, Xiaoyang Yao, Jianfeng Li and Tongyu Lu

Regulatory capital and bank risk-resilience amid the Covid-19 pandemic: How are the Basel reforms faring?

Makafui Anani and Felix Owusu

Growth … What growth?

Onur Kemal Tosun and Brian Lucey

Monetary policy uncertainty, market structure and bank risk-taking: Evidence from China

Xinyu Ge, Yan Liu and Jiali Zhuang

The effect of PWS arrangements on M&A activities

Dayan Huang, Aiju Kou, Chengyi Liu and Shanmin Liu