Finance Research Letters

2004 - 2025

Current editor(s): R. Gençay

From Elsevier
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Volume 70, issue C, 2024

Research on the impact of digital finance on the high-quality development of education

Qi Zhang, Siyuan Zhang, Bihui Huang and Xuandie Hu

Maturity diversification: The use of foreign and domestic bonds

Stephen Sapp

Understanding the rapid development of CBDC in emerging economies

Shaen Corbet, Douglas Cumming, Zachary Glatzer and Sofia Johan

Labor unionization and trade credit: A regression discontinuity design

Jimmy Chengyuan Qu

How does government R&D subsidies affect enterprises’ viability? An investigation on inverted U-shaped relationship

Yajie Han, Liyan Han, Chengkun Liu and Qisong Wang

Intellectual property protection and total factor productivity of enterprises: A quasi-natural experiment of intellectual property courts

Hongwei Fan, Junming Yin, Muhammad Usman and Zhengguang Li

Population aging and sustainable economic development: An analysis based on the role of green finance

Lili Wang, Jian Liang and Beibei Wang

Industrial robots and corporate risk-taking value

Guifang Pu, Yanxiang Xie, Lidong Wu and Kai Wang

Dividend policy adjustments under bankruptcy law: Insights from distressed firms

Geeta Singh

Impact of global financial and energy markets, uncertainty, and climate change attention on Bitcoin carbon footprint

Xiyong Dong, Zhuhua Jiang and Seong-Min Yoon

Digital transformation, supply chain finance, and enterprise innovation

Wei Lei, Kaitao Tang, Jingfeng Shao and Feng Ran

Digital village construction and its mechanistic on farmer entrepreneurship

Jing Qing and Juan Chen

Digitalization's influence on corporate sustainability strategies in the context of new environmental law

Yi Kang, Tianrong Yuan and Muchen Tang

The Information content of annual report and cost of equity capital: Based on Text Vectorization Method

Zhan Shi and Chongjun Fan

Professions need professional talents: Executives with internet experience and digital transformation of manufacturing companies

Yang Bai, Yu Song and Shuangchang Cui

California carbon allowance futures

Shimeng Shi and Jia Zhai

Portfolio optimization by enhanced LinUCB

He Ni, Qin Zhang, Xingjian Guo and Sultan Sikandar Mirza

Market access and firm productivity: Evidence from a natural experiment

Mengting Jiang, Pu Gong and Dongmin Kong

How the Economic Policy Uncertainty (EPU) impacts FinTech: The implication of P2P lending markets

Fuqin Zhou, Chang, Aichih (Jasmine) and Jim Shi

Is digital transformation profitable for banks? Evidence from Europe

Alberto Citterio, Timothy King and Rossella Locatelli

Dynamics of persistence in Brazilian economic uncertainty, expectation, and confidence indexes

Guilherme de Oliveira Lima Cagliari Marques and Mateus Gonzalez de Freitas Pinto

Wavelet quantile correlation between DeFi assets and banking stocks

Emmanuel Joel Aikins Abakah, John W. Goodell, Zunaidah Sulong and Mohammad Abdullah

The influence of CSR on cross-border mergers and acquisitions

Hongxia Feng, Bowen Yang and Pratikshya Bhandari

Chinese corporate biodiversity exposure

Feng He, Longxuan Chen and Brian M. Lucey

Keep calm and carry on: Do emotionally stable executives reduce stock price crash risk?

Jintong Guo, Xiyun Cheng, Ziyi Zhang and Rui Ding

Banks’ portfolio of government debt and sovereign risk: From safe havens to stormy seas

Antonio Afonso, José Alves and Sofia Monteiro

Asset redeployability and the market reaction to cyberattacks

Oneil Harris and Trung Nguyen

How artificial intelligence incidents affect banks and financial services firms? A study of five firms

Isarin Durongkadej, Wenyao Hu and Heng Emily Wang

Corporate ESG indices and stability during periods of deep concerns in financial markets

Bogna Janik and Piotr Płuciennik

Co-jumps in the Chinese stock market before, during and after the COVID-19 pandemic: A network perspective

Renhao Zou, Shuguang Zhang, Zhipeng He and Chenlu Hao

Digital finance and green technology innovation: A dual path test based on market and government

Qingfeng Luo and Jingyuan Wang

Shades of green: The impact of greenwashing on stock price crash risk

Xuchang Zhang, Lingfeng Kong and Xuetong Hu

Volatility forecasting of clean energy ETF using GARCH-MIDAS with neural network model

Li Zhang, Lu Wang, Thong Trung Nguyen and Ruiyi Ren

Judicial independence and entrepreneurship – A quasi-natural experiment based on the judicial delocalization reform

Cheng Chi, Baozeng Ren and Xiaoli Guo

Economic policy uncertainty and narrative R&D disclosures

Keumah Jung and Sehee Kim

Climate risk perception, female directors and greenwashing

Yuying Liu

Green M&A dilemma: Unravelling the impact on high polluting enterprises’ performance

Ruichen Ma, Xiaofei Pan and Sandy Suardi

Social trust and household financial decision-making: An empirical study based on the usage of household financial technology

Pengcheng Wang and Xuelin Yang

Corporate financial digitalization, internal governance, and social trust

Yan Liu, Zhongyin Tang and Wei Shao

The impact of introducing strategic investors on corporate ESG performance—Empirical evidence from private placements in China

Jia Liu, Yu Jin and Chengkai Xu

Rural financial institutions, access to credit and production inputs of rural households

Wenwu Zhang, Xinyao Xia, Ya Zhu, Shunji Zhao and Zijie Zhou

The impact of integrating technology and finance on firm entry: Evidence from China's FinTech pilot policy

Yuxin Liu and Wenfei Liu

Effect of low carbon policy on residents’ health: Evidence from China

Cheng Zhang, Xiaohong Ling and Xiyan Weng

Effects of draft Climate-related Financial Risks Disclosure Framework on stock returns

Dharen Pandey and Vineeta Kumari

Monetary policy uncertainty and financial risk: The mediating role of corporate investment

Ping Tang and Wenshuai Yang

The icing on the cake: ESG effect on the quality factor portfolios

Chia-Wu Lu, Hsueh-Ling Wu and Yu-Hsuan Su

The impact of stock index futures margin levels on market quality

Mengyao Gong, Ting Feng, Zhongshan Liu and Yuandong Gao

Overinvestment is ambitious or reckless? The answer from employees

Ngou Teng Pun, Chee-Wooi Hooy, Zhongda He and Lin Lin

Cross-Border spillover of imported sovereign risk to China: Key factors identification based on XGBoost-SHAP explainable machine learning algorithm

Guifen Shi, Zhizhen Chen, Weichen Luo and Zijun Wei

Fair Competition Review System and cross-regional capital flow: Evidence from China

Shuqi Li and Nuo Xu

Prototyping to address cognitive gaps in Distributed Ledger investments

Tian Wei, Han Wu and Michael Dowling

Business environment, financing constraints and enterprise innovation investment

Liming Sun, Juanjuan Shen, Jun Zhai, Feixiang Lu, Xue Zhang, Aichun Liu and Haoyuan Guan

Analysis of the alleviating effect of accounts receivable pledge financing on financing constraints

Mo Li, Chunyan Li, Mingchen Duan, Wenjia Hou and Xingchen Pan

Policy burden and technological innovation of state-owned enterprises

Ao Li, Chuxi Zheng, Guanyi Wang and Zhi Chen

Digital finance, financial flexibility and corporate green innovation

Mengzhu Chen, Shuai Liu and Lihui Gao

The more valuable the knowledge, the more focused the enterprises: Intellectual property pledge financing and diversification in high-tech enterprises

Jiaying Fan, Yuhan Wang and Meiling Xu

The connectedness features of German electricity futures over short and long maturities

Angelica Gianfreda, Giacomo Scandolo and Derek Bunn

Lead-lag relations between the Chinese carbon and energy markets: Evidence from extreme climate shocks

Jingbo Li, Zhang-Hangjian Chen, Xiang Gao, Ronald Huisman and Kees Koedijk

Time-Varying effects of extreme weather shocks on output growth of the United States

Xin Sheng, Rangan Gupta and Oguzhan Cepni

Why do microfinance institutions charge higher interest rates than banks? The role of operating costs

Md Hamid Uddin, Shabiha Akter, Masnun Al Mahi and Sabur Mollah

Optimal allocation for stock market-excluded retirees: Effects of interest rates, longevity risk, and upfront fees

Ebenezer Fiifi Emire Atta Mills, Siegfried Kafui Anyomi, Ur Koumba, Zhuoqing Zhong and Yuexin Liao

Can green finance supports improve environmental firm performance? Evidence from listed environmental firms in China

Siyu Huang and Zhongwei Luan

Digital finance, value cocreation, and supply chain resilience: Evidence from listed manufacturing firms in China

Guangren Chen and Zuwei Yu

The influence mechanism of internet finance on residents’ online consumption

Xidong Wang and Jing Liu

How AI powers ESG performance in China's digital frontier?

Xukang Liu, Chaoqun Ma and Yi-Shuai Ren

Environmental, social and governance controversies: A bibliometric review and research agenda

Mohammad Hassan Shakil

Financial measures and banking crisis: New evidence

Martin M. Bojaj and David Y. Aharon

Does money buy innovation? The effect of the “Innovative City” pilot on firm innovation in China

Fan Zhou, Nanxin Deng and Di Wu

Climate governance, growth opportunities, and innovation in addressing climate change: Empirical evidence from emerging countries

Isabel-María García-Sánchez, Beatriz Aibar-Guzmán, Nicola Raimo, Filippo Vitolla and Giovanni Schiuma

The pass-through effect of the Reserve Bank of Australia's cash rate on deposit and lending rates

Abbas Valadkhani and Barry O'Mahony

Does funding sources’ regulation affect Chinese local governments’ financing behavior?

Yan Dong and Dingyuan Hu

Time will tell the truth: Performance commitments and earnings management in M&A

Xiqiong He, Hefeng Li and Yitong Li

Who really cares? Climate change exposure and auditor conservatism: Evidence from China

Chao Yang and Di Song

Social proximity to capital and mortgage lending

Jennifer Zhang

The American Inventors Protection Act and the staggered market reaction to patent grants

Caleb M. Houston and Kenneth D. Roskelley

The impact of corporate R&D on the transformation of intellectual property into intangible assets

Yinghua Lin and Jingjing Ye

Exploring the mechanism of regional ecological legal governance's impact on corporate bond credit spreads

Zheyu Dai and Jian Liu

Short selling and firms’ long-term stock return volatility: Evidence from Chinese concept stocks in Hong Kong

Xiaoqi Yang, Gianluca Vagnani, Yan Dong and Xu Ji

Hedging downside risk in agricultural commodities: A novel nonparametric kernel method

Qi Jiang and Yawen Fan

Tax incentives for human capital accumulation and enterprise innovation quality: Evidence of a quasi-natural experiment in China

Cuilan Li, Hailin Chen, Weilin Xie and Ping Wang

Sustainable crowdfunding and cultural contexts: Evidence from a longitudinal multi-country analysis

Luca Farè, Michele Meoli and Silvio Vismara

Incremental marketization reforms and venture capital strategy adjustments: Based on industrial chain innovation development

Yu Ren, Xiongfei Liu and Yi Zhu

Digital finance’s impact on household portfolio diversity: Evidence from Chinese households

Jingxuan Dong

Roots and rewards: Exploring the symbiotic relationship between familism and Chinese family business philanthropy

Kun Wang, Yunfan Yang, Jingfei Ren and Yingkai Tang

ChatGPT: A canary in the coal mine or a parrot in the echo chamber? Detecting fraud with LLM: The case of FTX

Gadzinski Gregory and Liuzzi Vito

Debt maturity and the marginal value of cash holdings

Hail Jung and Sanghak Choi

Are measures of corporate financial constraints universal? Evidence from Brazil

Philipe Balan and Lars Norden

The tone of earnings communication conferences and trade credit financing of listed companies

Shen Luo and Yuanhui Li

How does regional carbon transition affect loan pricing? Evidence from China

Xuanyi Hu, Lanbiao Liu and Daoping Wang

Supply chain network centrality and corporate greenwashing behavior

Kunkun Xue, Xiaoxiao Chen, Peipei Sun and Yongqing Li

Advances in Explainable Artificial Intelligence (xAI) in Finance

Tony Klein and Thomas Walther

Financial development, international reserves, and real exchange rate dynamics: Insights from the Europe and Central Asia region

Jamel Saadaoui

Carbon VIX: A case of decarbonized SPACs

Nebojsa Dimic, Mario Hernandez Tinoco, Vanja Piljak and Milos Vulanovic

Exploring digital green convergence for firm competitiveness

Yanyun Zhang, Shujing Yue and Xiaobing Lai

Does the impact of credit rating downgrade on bond returns vary by region: Empirical evidence from China

Junhui Shan, Guanhua Liu and Lin Zhang

Do markets pay attention to political disinformation?

Christopher Hartwell and Elena Hubschmid-Vierheilig

The impact of CEO reputation on ESG performance in varying managerial discretion contexts

Shiwei Lin, Yiru Zhang, Yanuo Wang and Haipeng Geng

Moderating role of voluntary IFRS adoption on earnings management and credit score of private companies

Michele Bertoni, Paolo Candio and Valentino Pediroda

Does uncertainty affect the relationship between green bond and carbon markets?

BuKwon Kim, Xiyong Dong and Seong-Min Yoon

Risk spillovers and optimal hedging in commodity ETFs: A TVP-VAR Approach

Elroi Hadad, Davinder Malhotra and Evangelos Vasileiou

Digital tax enforcement and shadow banking of non-financial firms: Evidence from China's Golden Tax Project III

Xianhuan Huang, Yujia Zhang, Kam C. Chan and Yao Wang

Bank credit in the digital age: Expansion or excessive expansion?

Wenyang Wu and Shenfeng Tang

Impact of controlling shareholders’ equity pledges on firms’ labour investment efficiency

Yong Qiu, Ziyang Guo, Junlong Li, Biao Li and Dan Qiao