Finance Research Letters

2004 - 2025

Current editor(s): R. Gençay

From Elsevier
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Volume 51, issue C, 2023

The sustainable practices of multinational banks as drivers of financial inclusion in developing countries

Fernando Úbeda, Alvaro Mendez and Francisco Forcadell

Tail risk forecasting of realized volatility CAViaR models

Cathy W. S. Chen, Hsiao-Yun Hsu and Toshiaki Watanabe

The GMWB guarantee embedded in Life Insurance Contracts: Fair Value Pricing Problem

Fatma Mrad, Haykel Hamdi, Kamel Naoui and Ilyes Abid

Geopolitical risk and household stock market participation

Kiryoung Lee

Commodity market exposure to energy-firm distress: Evidence from the Colonial Pipeline ransomware attack

John W. Goodell and Shaen Corbet

Testing explosive bubbles with time-varying volatility: The case of Spanish public debt

Vicente Esteve and Maria Prats

Exploring sources of statistical arbitrage opportunities among Bitcoin exchanges

Ladislav Krištoufek and Elie Bouri

Political connections and economic policy uncertainty: A global evidence

Chwee-Ming Tee and Chee-Wooi Hooy

Organizational capital and firm risk – Testing the outside option

Douglas O. Cook and M. Tony Via

Off-balance sheet disclosure and leverage adjustment speed

Tae-Nyun Kim and Yutong Xie

On-demand fast trading on decentralized exchanges

Michael Brolley and Marius Zoican

Does earnings management affect linguistic features of MD&A disclosures?

Samit Paul and Prateek Sharma

Will Bitcoin ever become less volatile?

Ladislav Krištoufek

Measuring sovereign bond fragmentation in the Eurozone

Michele Costola and Matteo Iacopini

Going green: Do green bonds act as a hedge and safe haven for stock sector risk?

Monika Chopra and Chhavi Mehta

A three-factor stochastic model for forecasting production of energy materials

Michele Bufalo and Giuseppe Orlando

Anatomy of a Stablecoin’s failure: The Terra-Luna case

Antonio Briola, David Vidal-Tomás, Yuanrong Wang and Tomaso Aste

Typhoon strikes, distracted analyst and forecast accuracy: Evidence from China

Na Liu, Wenchuan Chen, Jianyong Wang and Huaizhi Shi

Does Directors’ and Officers’ Liability Insurance improve corporate governance of Chinese listed firms? The moderating role of insider ownership

Man Wang and Lujia Sun

The greater the volume, the greater the analyst

Egle Karmaziene

The dark side of political promotion incentives: Evidence from firm performance

Xinru Bo, Fan, Xiaomin (Michelle) and Aiguo Kong

Fintech credit, big tech credit and income inequality

Martin Hodula

S&P volatility, VIX, and asymptotic volatility estimates

Yosef Bonaparte, Arjun Chatrath and Rohan Christie-David

State capital and cash holdings in natural private enterprises: New evidence and a new explanation

Yulong Yang, Youhua Qian and Shengnan Li

Loan and financing diversification and bank stability in dual-banking systems

Mirzet Šeho, Mohammed Sharaf Mohsen Shaiban and Abdul Ghafoor

Does the realized distribution-based measure dominate particular moments? Evidence from cryptocurrency markets

Jen-Wei Yang, Shih-Yung Chiu and Kuang-Chieh Yen

Robust forecasting with scaled independent component analysis

Lei Shu, Feiyang Lu and Yu Chen

Not so fast: Identifying and remediating slow and imprecise cryptocurrency exchange data

Sean Foley, William Krekel, Vito Mollica and Jiri Svec

Financial Health of Medical Schemes in South Africa

Abdul Latif Alhassan

Board faultlines and risk-taking

Guifang Pu, Yanxiang Xie and Kai Wang

CEO social capital and litigation risk

Lu Zhang, Fei Peng, Yuan George Shan and Yiping Chen

Which component of air quality index drives stock price volatility in China: a decomposition-based forecasting method

Jize Yu, Li Zhang, Lijuan Peng and Rui Wu

Does organization capital increase firm risk? Evidence from firms with human resource executives☆

Xuejing Xing and Shan Yan

Generalized two-barrier proportional step options

Xin Li

Managerial perspectives on climate change and stock price crash risk

Hail Jung and Chang-Keun Song

The role of Environmental, Social, and Governance (ESG) in predicting bank financial distress

Alberto Citterio and Timothy King

Institutional distance and US-based international mutual funds’ financial performance

Jorge Fleta-Asín and Fernando Muñoz

On pricing double-barrier options with Markov regime switching

Xiaoyuan Zhang and Tianqi Zhang

Corporate Carbon-Risk and Credit-Risk: The Impact of Carbon-Risk Exposure and Management on Credit Spreads in Different Regulatory Environments

Maurice Dumrose and André Höck

Muddy the waters to conceal information? Evidence from firms' inconsistent answers during Q&As

Lini Duan, Lingyi Li, Kyung-Hye Park and Di Wu

Signing auditors’ cultural background and client investment efficiency

Fei Hou, Meina Li, Yang Xu and Song Zhou

Strategic information disclosure and the cost of equity capital: Evidence from China

Mo Yang, Yan Li and Dayong Dong

Stock liquidity and firm-level political risk

Kuntal Das and Mona Yaghoubi

Can geopolitical risks excite Germany economic policy uncertainty: Rethinking in the context of the Russia-Ukraine conflict

Lihua Shen and Yanran Hong

Emigration and outward FDI in China: Key role of institutional quality

Lin Chen and Chen Cheng

Do business trainings for audit committees matter in organizations? Focusing on earnings management

Bomi Song, Heesun Chung, Bum-Joon Kim and Catherine Heyjung Sonu

Efficient portfolios computed with moment-based bounds

David P. Morton, Steftcho Dokov and Ivilina Popova

Regional social capital and stock price crash risk: Evidence from the US

Mohammad Hendijani Zadeh

Digital finance and corporate ESG

Weiwei Mu, Kefu Liu, Yunqing Tao and Yongwei Ye

A model for measuring over-financialization: Evidence from Chinese companies

Lixia Wang, Neng Hao, Hui Fang, Maoguo Wu and Xinlei Ma

Assessing the credit creation process under the Basel III framework: Some evidence from the Eurozone

Fotini Economou and Yannis Panagopoulos

Inefficient investment and digital transformation: What is the role of financing constraints?

Guiyang Xu, Guanggui Li, Peibo Sun and Dan Peng

How do stock prices respond to the leading economic indicators? Analysis of large and small shocks

Jing Liu and Zhonglu Chen

Rational distorted beliefs investor; which risk matters?

Mohammed Bouaddi and Khouzeima Moutanabbir

Do weather conditions drive China's carbon-coal-electricity markets systemic risk? A multi-timescale analysis

Yi Zhao, Xingyu Dai, Dongna Zhang, Qunwei Wang and Yaru Cao

Do we need to consider multiple inter-bank linkages for systemic risk in China’s banking industry? Analysis based on the multilayer network

Liqin Hu, Yiran Gan and Huailing Wen

Do travel uncertainty and invasion rhetoric spur Metaverse financial asset? – Gauging the role of media influence

Indranil Ghosh, Esteban Alfaro-Cortés, Matías Gámez and Noelia García

US monetary policy and BRICS stock market bubbles

Rangan Gupta, Jacobus Nel and Joshua Nielsen

Safe havens for Bitcoin

Martin Nedved and Ladislav Krištoufek

Bank's funding costs: Do ESG factors really matter?

Paolo Agnese and Emanuela Giacomini

Risk-weighted cryptocurrency indices

Wenjun Feng and Zhengjun Zhang

More sustainable, more productive: Evidence from ESG ratings and total factor productivity among listed Chinese firms

Xiang Deng, Weihao Li and Xiaohang Ren

Asymmetric effects of geopolitical risk on major currencies: Russia-Ukraine tensions

Ahmed Bossman, Mariya Gubareva and Tamara Teplova

An investigation of market reaction differences between mega-deals and non–mega deals considering industry concentration

Zaihan Gao and Yue Bao

Take your time: How delayed information and restricted decision opportunities improve belief formation in investment decisions

Kevin Trutmann, Steve Heinke and Jörg Rieskamp

Availability heuristic and expected returns

Jun Xie, Yuying Fang, Bin Gao and Chunzhi Tan

The relationship between global risk aversion and returns from safe-haven assets

Zaghum Umar, Ahmed Bossman, Sun-Yong Choi and Tamara Teplova

The informational role of fund flow in the profitable predictability of mutual funds

Ehab Yamani

Social distancing and local bias

Yi Liu and Justin Jin

Temperature shocks and bank systemic risk: Evidence from China

Xiaoni Song and Tong Fang

Institutional ownership heterogeneity and ESG performance: Evidence from China

Yizhi Wang, Yongjia Lin, Xiaoqing Fu and Songhe Chen

The effect of earnings management on bank efficiency: Evidence from ECB-supervised banks

Catarina Proença, Mário Augusto and José Murteira

Do investors and managers of active ETFs react to social media activities?

Sha Liu

Asymmetric information in peer-to-peer lending: empirical evidence from China

Jin Wang and Rui Li

A new look at financial markets efficiency from linear response theory

Antonio M. Puertas, Joaquim Clara-Rahola, Miguel A. Sánchez-Granero, F. Javier de las Nieves and Juan Trinidad-Segovia

The impact of climate policy uncertainty on firm value: Does corporate social responsibility engagement matter?

Asil Azimli

Breaking barriers to innovation: The power of digital transformation

Yuhao Niu, Wen Wen, Sai Wang and Sifei Li

Visceral emotions and Bitcoin trading

Yongkil Ahn and Dongyeon Kim

Does CEOs' early-life experience of the Great Chinese Famine always benefit stakeholders? The case of trade credit

Chengai Li, Lin Pan and Kam C. Chan

Road construction and rural household income: Empirical evidence from village road paving in China

Hong Zhang, Wenbing Dong and Xian Fang

Examining financial and business cycle interaction using cross recurrence plot analysis

Sinéad Ashe and Paul Egan

Booster or stabilizer? Economic policy uncertainty: New firm-specific measurement and impacts on stock price crash risk

Liang Wang, Qikai Wang and Fan Jiang

Public information manipulation in the financial market

Bo Wang and Suli Zheng

The effects of personality and IQ on portfolio outcomes

Chris Firth, Neil Stewart, Constantinos Antoniou and David Leake

The impact of access to credit on energy efficiency

Jun Zhou, Zhichao Yin and Pengpeng Yue

Non-fungible token artworks: More crypto than art?

Giulio Anselmi and Giovanni Petrella

Attention and retail investor herding in cryptocurrency markets

Sophia Koch and Thomas Dimpfl

Employment protection and corporate risk-taking

Quoc Trung Tran

Dynamic volatility connectedness among cryptocurrencies and China's financial assets in standard times and during the COVID-19 pandemic

Xingyi Li, Kai Gan and Qi Zhou

Not a short-run noise! The low-frequency volatility of energy inflation

Michele Andreani and Federico Giri

Heterogeneous venture capital and technological innovation network evolution: Corporate reputation as mediating variable

Lan Wang, Zimo Lang, Jiayin Duan and Hanyu Zhang

Pay dispersion and CSR

Moon Deok Park and Seung Hun Han

National culture and the demand for physical money during the first year of the COVID-19 pandemic

Radosław Kotkowski

Forecast Targeting and Financial Stability: Evidence from the European Central Bank and Bank of England

Claudia Curi and Lucia Milena Murgia

Multiple large shareholders and corporate environmental performance

Rongwu Zhang and Wenqiang Fu

Corporate climate risk exposure and capital structure: Evidence from Chinese listed companies

Yunhe Li and Zhaolong Zhang

Time-frequency extreme risk spillover network of cryptocurrency coins, DeFi tokens and NFTs

Xingzhi Qiao, Huiming Zhu, Yiding Tang and Cheng Peng

The market value of green innovation: A comparative analysis of global renewable energy firms

Xin Lv, Tianyu Liu, Weijia Dong and Wenjun Su

Internet searching and investment sensitivity to stock price: Evidence from a quasi-natural experiment

Jing Zhao, Jingchang Huang and Huan Dou

Modified degree of operating leverage risk measure

David Y. Aharon, Yoram Kroll and Sivan Riff

Bank reputation and operational risk: The impact of ESG

Simona Galletta, John W. Goodell, Sebastiano Mazzù and Andrea Paltrinieri

Causes and consequences of flocked resignations of independent directors: Inferences from firm impacts following Kangmei Pharmaceutical's scandal

John W. Goodell, Mingsheng Li and Desheng Liu

Stay close to me: What do ESG scores tell about the deal timing in M&A transactions?

Cardillo Giovanni and Harasheh Murad

Tax incentives and the financialization of the real sector: Evidence from the accelerated depreciation policy in China

Xing Li and Guangjun Shen

Climate policy uncertainty and stock market volatility: Evidence from different sectors

Wendai Lv and Bin Li