International Review of Economics & Finance

1992 - 2025

Current editor(s): H. Beladi and C. Chen

From Elsevier
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Volume 102, issue C, 2025

Price distortion on market resource allocation efficiency: A DID analysis based on national-level big data comprehensive pilot zones

Weijiang Song, Mengyang Zhao and Juan Yu

Financial integration, contagion and policy implications

Augusto Hasman and Margarita Samartín

Analysis of the effects of green technology innovation and industrial structure upgrading on carbon emission intensity

Gongpin Cheng, Yuejun Shi and Hua Zhou

Risk premia-return spillovers among commodity-U.S. equity markets

Marinela Adriana Finta

Synergistic effects and mechanisms of green financial reform, environmental regulation intensity, and regional green innovation levels

Dongjing Wang, Chen Yong, Wang, David (Han) and Tian, Grace (Li)

How does the fair competition policy upgrade enterprises' value chains

Haiyan Jiang and Wan Li

Bank competition and resilience to liquidity shocks

Zehao Liu, Xueyu Yin, Haiyang Tu and Chengsi Zhang

Takeover threats, institutional ownership, and investment efficiency

Yolanda Yulong Wang and Long Yi

Quantifying systemic risk in cryptocurrency markets: A high-frequency approach

João Pedro M. Franco and Márcio P. Laurini

An investigation into the causes of stock market return deviations from real earnings yields

Austin Murphy, Zeina AlSalman and Ioannis Souropanis

Marketization, digital economy, and industrial structure transformation: Mechanisms and regional variations

Siyuan Bi, Xiangjian Zhang, Guolin Xiao and Hanxi Li

How does supply chain finance enhance firms' supply chain resilience?

Mengze Zheng, Rui Wang, Jing Ye and Te Li

Implementation of the new securities law, agency cost, and corporate investment efficiency

Kun Qian and Jiasong Ren

The new patent law and enterprise digital technology Innovation: An analysis of regulatory effects based on financing constraints

Jian Liu, Chuyun Wang and Ziyun Zhao

Research on differentiated empowerment mechanisms of digital finance and social security inputs on farmers' entrepreneurship - A deep analysis based on regional characteristics and threshold effects

Guangfeng Huang, Shuying Wu and Lishuang Chen

Green investors and stock price volatility in tourism enterprises: A perspective on information disclosure quality

Shuyan Lei and Luman Zheng

New quality productive forces, urban-rural integration and industrial chain resilience

Jun Cui and Desheng Du

Strategic adoption of ISO14001 certification and stock price crash risk

Abdullah Alsadan

Flexible tax regime and corporate M&As in China

Ruoyu Chen, Xingyu Wang, Guoqing Wang and Shuoshi Li

Digital villages, green finance, and high-quality agricultural development

Weina Che, Jingjie Fu and Xiaoyang Jiao

Understanding Bank-Level Uncertainty: New insights into banking activity and its macroeconomic impacts

S.M. Woahid Murad, Shams Pathan, Robert B. Durand and Chen Zheng

Research on livelihood capital, endogenous development momentum and sustainable livelihoods of relocated farmers

Junhong Shi, Zhe Xian, Tianqi Zhu and Xiaohong Kang

Corrigendum to “Digital divide or dividend? Exploring the impact of digital economy on regional gaps of high-quality economic development in China using relational data model” [International Review of Economics & Finance 101 (2025) 104222]

Xiaoyan Fan, Guoxuan Ding, Shuting Long, Yiran Dong and Jiajun Yan

Cryptocurrency ETFs vs. nonredeemable investment trusts: An in-depth analysis

Hongfei Tang, Kangzhen Xie and Xiaoqing Eleanor Xu

The collaborative effect of green finance policy on pollution and carbon reduction: A quasi-experimental design

Zhenhua Zhang, Haowen Deng, Mengxin Yan, Chao Feng and Huaping Sun

Time-varying risk aversion and capital Structure: An overlooked effect

David Grau-Vera, Gonzalo Rubio and Francisco Sogorb-Mira

Corporate culture and inventory behavior

M. Kabir Hassan, M. Sydul Karim and Matthew L. Cole

The capital market effects of local government green special Bonds: An examination from the perspective of corporate stock liquidity

Li Chen, Sijia Dai and Zhixuan Wang

Environmental disclosure and corporate cash holdings Policies: Which macro-categories matter?

Carmen Gallucci, Rosalia Santulli and Riccardo Tipaldi

Influence of CEO financial background on the efficiency of financial resource allocation

Lan Yang, Limuge Qi and Lijuan Zhao

Does the commercialization reform of rural credit cooperatives promote the growth of family farms?

Zhongwen Chen, Zeyu Ding and Cheng-To Lin

Does financial flexibility affect corporate ESG Performance? Evidence from China

Haiyue Pan, Chuan Qin, Yan Li, Huiting Jing and Yaning Zhang

Economic policy uncertainty, carbon risk and China's stock market

Yifei Wang and Yingying Zhang

Weathering the policy Storm: How trade uncertainty shapes firm financial performance through innovation and operations

Feiyun Sha, Changxu Ding, Xiaoyu Zheng, Jun Wang and Yafang Tao

Regional economic policy uncertainty, implicit government guarantees and bank's risk-taking

Jingjing Kang and Hao Yang

Does climate policy uncertainty affect the top financiers of the energy sector?

Zaheer Anwer, Zakaria Boulanouar, Saqib Farid and Milena Migliavacca

Navigating competitor networks: The influence of geographic density on corporate governance

Jiaju Lin, Henry Leung and Joakim Westerholm

Corporate governance level, financial robustness, and goodwill bubbles

Weina Che and Haoyi Jia

A multifactor model using large language models and multimodal investor sentiment

Junhuan Zhang, Ziyan Zhang and Jiaqi Wen

Examining agricultural firms' risk-bearing capability via supply chain financing: Insights from China

Yang Zhang and Wei Zhao

Sustainable lending to European SMEs: Implications for bank performance

Liya Zheng, Nawazish Mirza, Muhammad Umar and Chi-Wei Su

Corporate financing constraints and environmental information disclosure hype

Zhihui Yuan and Xianjun Bao

Nationalism and corporate innovation performance

Fang Liu, Zhaomei Zhang, Junjie Zhang and Fenghang Guo

Density as defense: Product space relatedness and export resilience during the COVID-19 pandemic

Minghui Tu and Yuyan Wang

Toward harmonized aviation emission policies: Forecasting CO2 correlation structures across G10 countries

Hongxin Zheng and Xiaowei Lin

Media attention and corporate digital transformation

Dan Chen and Qi Zhang

Impact of low-carbon energy structure transition on rural revitalization

Yifei Shen, Zhonghua Xiao, Jingying Huang, Yong Deng and Junwei Yu

Can the Management's green cognition promote the Enterprise's green Transformation? Based on the perspective of carbon emissions

Jingqi Niu, Ming Qiang and Mengyang Chen

Digital transformation, green behaviors, and environmental policy heterogeneity in resource-based enterprises

Yanlin Wang, A. Ziya, Mengmeng Li and Guangrong Li

Artificial intelligence development and rural labor employment quality

Zhe Li, Minggang Liu and Lu Wang

Transforming energy resilience through supply chain digitization: risk management as a mediator

Zhang Peng

Can the integration of cultural and tourism development narrow the regional income gap? The role of foreign direct investment

Lixue Wang, Tiequan Li, Xinle Peng and Rui Liu

“Minor offenses with heavy penalties “or” equivalent penalties ":Whether the business environment construction can support the breakthrough and innovation of enterprises

Mingxiong Bi, Xiaofen Jiang and Ruoyu Dai

Risk hedging: How geopolitical risks affect enterprises' overseas merger and acquisition?

Heting Zhang and Lin Tian

Comparison of industrial structure optimization paths under environmental regulation: efficiency improvement or structure improvement?

Ruoshan Fan and Sanxin Su

Systemic risk contagion and bailout effects in the global financial system

Ming Qi, Jiawei Zhang, Danyang Shi, Shaoyi Feng and Jing Xu

The impact of narrative R&D disclosures on bond issuance spreads of Chinese firms

Qingwen Liang and Wan Huang

How can market-based environmental regulation drive industrial transformation upgrading? Evidence from China's carbon emissions trading pilot policies

Shuangcheng Luo, Xiaoqing Cai, Qiulan Qian and Hongmei Xia

Trust and commercial insurance participation: An incomplete contract perspective

Xiao Cao, Xiaomin Gong and Andi Zheng

The impact of Digital transformation on carbon emission intensity

Yanni Song, Zijun Xie and Yingchun Song

Does rhetorical nationalism promote innovation sustainability?

Lei Wang, Pu Zhao and Tingting Zhang

The impact of CEO marital status on corporate financialization

Shihua Chen and Cuifang Wang

The impact of regional artificial intelligence development on the resilience of enterprise supply chains

Leyin Ma, Xuchen Luo and Meinong Xi

Digital budget supervision governance and local government fiscal transparency

Pengwei Jin and Ziyue Wang

The Paradox of environmental disclosure:Evidence of greenwashing from suppliers

Xiaofang Xu, Xiangyu Liu, Chen Feng and Yongling Ding

Short selling and enterprise digital Transformation-A quasi-natural experiment based on financing and funding in China

Haomin Zhang, Jing Song, Yu Song and Haixia Mai

Economic policy uncertainty, digital transformation, and bank systemic risk

Yun He, Wei Li, Xiaofen Tan and Yuchen Sun

Does trade uncertainty matter for the composition of energy consumption?

Xiyang Zhao, Xi Yang, Jilin Tian and Wenshou Yan

University-industry collaboration and enterprise total factor productivity

Chong Chen, Jiaying Zhang, Anna Min Du and Zhongyuan Li

The impact of uncertainties on contagions in energy market risk networks: Evidence from synthesizing multiple-order moments and multiple time horizons

Xinya Wang, Samuel A. Vigne and Shupei Huang

Green bond issuance and corporate environmental and financial performance: A meta-analysis

Muhammad Arif Khan and Silvio Vismara

The role of new quality productivity in driving China's green economic growth

Hanbin Zhang and Yi Chen

Converting knowledge into Productivity: The role of intellectual property empowerment and digital economy in enhancing regional new quality productivity forces - Evidence from China

Yiling Liu and Yu-Cheng Lin

The smart city pilot policy and corporate supply chain resilience

Dongshu Cheng, Ying Wei, Mengchen Zhang and Chang Wang

Intellectual property protection and enterprise collaborative innovation

Guangfeng Zhu and Mingli Xia

The impact of mixed-ownership reform on breakthrough innovation of state-owned enterprises

Yi Li, Danhui Fang, Zixuan An and Li Li

The impact of artificial intelligence on firms' financialization: The mediating effects of labor productivity

Jing Zhang and Ming Piao

Tax incentives and corporate technological innovation performance: An analysis from the perspective of R&D investment

Zihang Wu, Ning Zeng and Jiansong Song

Navigating China's green bonds: Insights from cryptocurrency price, oil price, and economic policy uncertainty

Cui-Ping Wen, Kai-Hua Wang, Chi-Wei Su, Xin Li and Zu-Shan Wang

Evaluating digital financial inclusion's impact on regional economic efficiency in China

Zhihao Guan and Jian Han

Policy, investment, and growth: How green finance drives corporate sustainable development?

Miaoyi Jiang and Jun Ma

The impact of tax reduction and fee cuts policy on corporate new-form productivity: Evidence from Chinese A-share listed companies

Junhu Li, Lin Wang, Fang Dong and Qinghai Li

A study on the measurement of China's manufacturing industry chain toughness and regional heterogeneity from a dynamic perspective

Zhao Jia, Yuan Li, Junling Wang, Zehao Wang and Guobin Zhao

Can digital transformation be a “powerful tool” to curb corporate tax avoidance? Mechanism analysis and policy implications based on Chinese data

Xiaoyan Sun, Jie Han and Cem Işık

Judicial independence and corporate innovation: Evidence from China's unified management of local courts reform

Yanqi Liu, Jinjun Ke, Aihua Chen and Xiang Cai

Digital inclusive finance and the construction of agricultural modernization

Xintong Fu and Chunjuan Guo

The impact of new quality productive forces on the resilience of industrial chains: The moderating role of digital finance

Tianqi Zhu, Tiancheng Zhu and Lu Zhao

The impact of new quality productivity on sustainable development performance

Defang Ma, Yuze Xie, Mengkai Wang, Ting Peng and Jiahui Ding

Volatility characteristics of stock markets during the US-China trade war

Ting Yang

Is some uncertainty better than none? Nonlinear relationships between climate policy uncertainty and corporate green performance

Jiapeng Dai, Jasmine Phan Ah Kiaw and Eddy Yap Tat Hiung

Government digital governance and corporate green total factor productivity

Yulai Jiang

Decoupling effects and impact mechanisms of carbon emissions in China's plantation system

Bingbing Liu, Jun Yang, Shuhao Qi and Rui Shi

Can social credit demonstration cities reduce urban carbon emissions?

Yueyue He and Xueping Ning

Research on wage distortion in R&D and innovation activities —— Evidence from China's listed manufacturing enterprises

Yijiu Ding, Bo Li, Dahai Lan, Chunrong Yu and Xueqing Zhang

The impact of blockchain financial technology transformation on supply chain disruption risks

Pengfei Chen, Xue Lei, Ouwen Lin and Yanzhe Yuan

Environmental regulation penalties and corporate environmental information disclosure

Bin Hu and Qian Xu

Green innovation perspective: Artificial intelligence and corporate green development

Qilu Liu, Shanshan Du and Min Li

Intellectual property protection and capital allocation efficiency

Rouhui Li, Yanbo Wang, Jianwen Zheng, Ruijun Wu and Xin Li

Can executive equity incentives enhance corporate debt-paying ability?—An analysis based on the moderating mechanism of patient capital

Fang Fang and Dan Chen

The impact of corporate digital transformation on the accuracy of Management's earnings forecasts

Xiao Zeng and Chenxi Wang

Extreme weather, financial losses, and corporate carbon reduction efficiency

Yunfei Zhao and Huachen Zhang

Digital infrastructure and income disparities: A quasi-natural experiment based on the "Broadband China" strategy

Yongqi Feng, Jiahang Dai and Lei Zhang

Motivation, cognition, and capacity: How income risk shapes retirement saving in an aging society

Zihao Hu, Dong Zhang and Xueping Xiong

The spatial spillover effect of digital economy on regional tax Revenue: An empirical study based on the decay boundary and spillover path

Yanlong Liu and Xu Lian

The impact of digital government construction on common prosperity ——using data collected from 293 prefecture-level cities in China over the 2016–2022 period

Weikang Jiao, Chuan Zhang and Yueyun Wang

Exploring the dynamic linkages between carbon trading market and smart technology indices: A multi-dimensional analysis of China's case

Huifang Liu, Qin He, Ruiyuan Cong, Shenglin Ma and Junxi Gong

Financial literacy and residents' health levels

Luanfeng Wang and Chongqing Dang

Balancing economic growth and pension adequacy: The combined effects of contribution rate reduction and retirement age postponement

Minglu Wang, Yifan Pan and Peng Jing

Design innovation and firm performance: Evidence from patent subtype analysis

Zhenfu Han, Shiyu Tang and Zhuoran Li

Which assets are safe havens? Evidence from 13 stock market downturns

Muhammad A. Cheema, Michael Ryan and Sirajum Munira Sarwar

Artificial intelligence development and household financial asset allocation

Hongjiao Liu

The effect of global geopolitical risks on trade openness

Xianglin Yan and Longguo Piao

How diversification shapes full-fledged Islamic bank Stability? A causal inference approach

Samira Haddou and Adel Boughrara

Human capital structure upgrading and corporate fraud: Evidence from China

Canran Hou and Huan Liu

Research on the relationship between R&D investment, corporate governance and corporate performance --an empirical analysis based on listed pharmaceutical manufacturing enterprises

Dongqi Wan, Yao Yang and Yuanfei Kong

Fiscal decentralization and regional Innovation: Dual mechanisms of human capital mediation and financial development moderation

Haixia Ren, Zhe Xian, Baorong Zhu and Haiying Lin

Does the uncertainty of U.S. economic policy change Chinese communications landscape under the 5G wave?

Haotian Shen and Lijuan Peng

The impact of artificial intelligence on government digital service capacity

Yuan Zhang and Yunqian Li

How does the social insurance law affect enterprises' business credit?

Ying Xu and Xinya Chen

Research on the impact of social media advertisement placement on enterprises' economic benefits

Rong Liu, Na Duan and Jingyi Liu

Do public services affect economic growth? Evidence from China under the fiscal decentralization perspective

Jiaying Song, Xiao Sun and Chuansheng Gao

Double-edged sword effect of customer concentration on the adoption of industrial robots

Jie Yang, Fayan Wang, Jingchi Zhou and Libin Zhao

Industrial and financial cooperation, heterogeneous green technological innovation, and urban low carbon transformation

Yang Wang and Kexin Zhang

Managerial short-termism, ESG performance, and corporate financial Fraud: A heterogeneity analysis based on corporate ownership

Yan Wang and Shen Liu

Smart rural policies and the improvement of supply chain efficiency: An analysis of the promoting role of digital financial development

Zeming Li, Xin Zhou and Yilin Qin

Analysis of the impact mechanisms of the digital economy and executive risk preference on the intelligent transformation of enterprises

Yuzhen Yang and Mingfu Tang

Socioeconomic status, health, subjective well-being and worries about healthcare accessibility among Chinese citizens—based on an age-gender-region stratified model

Yang Zhou, Qiang Xu and Junhong He

The interaction between improvements of business environment, investor attention, and the high-quality development of tourism enterprises

Zhilan Liu, Nan Li and Yuxi Zhang

Agro-industrial clusters, spatial effects and agricultural total factor productivity ——an empirical analysis based on county-level panel data from China

Wei Xu, Shudong Zhou and Huifang Lei

Impact of real-time public sentiment on herding behavior in Taiwan's stock market: Insights across investor types and industries

Yiwen Yang, Yi-Wei Lin and Li-Chen Cheng

How important are ESG ratings for financial institutions? Evidence from corporate leverage ratios across Europe

Giuliana Birindelli, Anita Quas, Michela Rancan and Daniela Vandone

Are deal premiums affected by ESG and financial distress?

Vittorio Laus, Niccolò Nirino, Matilda Shini and Antonio Salvi

Green innovation, financialization, and ESG performance

Liangguo Xu, Xianglin Lu, Ziqing Zhang and Haicheng Shu

Estimation of capital stock and the elasticity of capital-labor substitution in provincial industries in China

Hao Zhang, Feng Wang, Wenna Fan, Hongfei Jiang, Rui Ling and Juan Liu

The impacts of social credit environment improvement on corporate ESG greenwashing: Evidence from China

Menghan Wang, Yinglin Zhang and Xiaoxiao Gong