Research in International Business and Finance最新文献

Market-based environmental regulations and green innovation: Evidence from the pilot carbon markets in China

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-04-11 DOI: 10.1016/j.ribaf.2025.102896

Shimeng Liu , Xiong Xiong , Ya Gao

引用次数: 0

Digital trade and firm ESG performance: The perspective of finance development

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-04-11 DOI: 10.1016/j.ribaf.2025.102894

Qin Zhu, Xiangxiang Zhou

{"title":"Digital trade and firm ESG performance: The perspective of finance development","authors":"Qin Zhu, Xiangxiang Zhou","doi":"10.1016/j.ribaf.2025.102894","DOIUrl":"10.1016/j.ribaf.2025.102894","url":null,"abstract":"<div><div>ESG serves as an important avenue for global green and sustainable economic development, but the driving factors that affect the ESG performance of enterprises need to be further explored. This paper examines 257 cities in China to measure urban digital trade (DT) from the perspective of digital finance. Furthermore, it explores the role and influence mechanism of urban DT on corporate ESG performance, based on data from 1303 China A share-listed companies. The results show that DT significantly improves corporate ESG performance by boosting green technology innovation and enterprise yields and cutting agent costs, respectively. Moreover, this promoting role is more pronounced in cities with higher levels of digital finance, non-resource dependency, and advanced regional coordinated development. The higher the quality of a city's innovation environment, the stronger the role of DT in corporate ESG performance. Robustness tests, such as the dual machine learning method, validate these conclusions. This study integrates the perspective of the development of digital finance, and provides support basis and policy inspiration for the ESG performance of enterprises empowered by digital trade.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"77 ","pages":"Article 102894"},"PeriodicalIF":6.3,"publicationDate":"2025-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143829212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Extreme events and quantile time-frequency volatility connectedness across crude oil, green bonds and low-carbon equity markets

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-04-08 DOI: 10.1016/j.ribaf.2025.102905

Jikai Wang , Gaoxiu Qiao

{"title":"Extreme events and quantile time-frequency volatility connectedness across crude oil, green bonds and low-carbon equity markets","authors":"Jikai Wang , Gaoxiu Qiao","doi":"10.1016/j.ribaf.2025.102905","DOIUrl":"10.1016/j.ribaf.2025.102905","url":null,"abstract":"<div><div>This paper quantifies the static and dynamic volatility connectedness among Chinese and international crude oil prices, green bonds, and low-carbon equity in both time and frequency domains and across quantiles, with a focus on critical extreme spillover effects accompanying extreme events. By introducing novel indicators, the Connectedness Survival Rate (CSR) and Quantile Connectedness Survival Rate (QCSR), we evaluate the stability of connectedness and prove the economic significance of these indicators. Empirical results demonstrate that extreme events significantly amplify the time-varying volatility connectedness, with pronounced aggregation at extreme quantiles. In the mean frequency domain, Chinese green bonds and low-carbon equity exhibit higher independence, effectively serving as short-term and long-term hedging tools, respectively. The connectedness evolves from long-term to short-term under extreme events. The newly introduced indicators reveal high volatility and long-term vulnerability of connectedness during extreme events. Our findings provide essential quantitative references for enhancing the resilience of these markets in times of frequent extreme events.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"77 ","pages":"Article 102905"},"PeriodicalIF":6.3,"publicationDate":"2025-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143826387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does SDG-13 disclosure impact the performance of insurance companies?

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-04-08 DOI: 10.1016/j.ribaf.2025.102903

Caterina Di Tommaso , Maria Mazzuca , Vincenzo Pacelli

引用次数: 0

Tokens and cryptocurrencies: Evidence from asymmetric frequency connectedness approach

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-04-05 DOI: 10.1016/j.ribaf.2025.102884

Marouene Mbarek , Badreddine Msolli

引用次数: 0

Higher-order moment and cross-moment spillovers among MENA stock markets: Insights from geopolitical risks and global fear

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-04-03 DOI: 10.1016/j.ribaf.2025.102885

Mohamad Husam Helmi , Jinxin Cui , Ahmed H. Elsayed , Mohammad Enamul Hoque

引用次数: 0

The impact of China’s outward FDI on agricultural productivity

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-03-30 DOI: 10.1016/j.ribaf.2025.102886

Runong Xu , Yufeng Chen , Anna Min Du

{"title":"The impact of China’s outward FDI on agricultural productivity","authors":"Runong Xu , Yufeng Chen , Anna Min Du","doi":"10.1016/j.ribaf.2025.102886","DOIUrl":"10.1016/j.ribaf.2025.102886","url":null,"abstract":"<div><div>China's outward foreign direct investment (OFDI) has emerged as a critical driver of economic development in Belt and Road (B&R) countries. However, its role in fostering agricultural productivity growth in the region remains underexplored. This study investigates the relationship between China's OFDI and agricultural productivity in 58 B&R countries from 2003 to 2021. Utilizing panel data, we quantitatively assess agricultural productivity while incorporating the influence of Chinese OFDI. Furthermore, the analysis distinguishes between high-income and middle- to low-income countries, offering a nuanced understanding of differential impacts. The results indicate that China's OFDI significantly enhances agricultural productivity across the region, with a particularly pronounced effect in middle- and low-income countries. This suggests that Chinese investments are more impactful in countries with lower income levels, underscoring their critical role in addressing disparities and promoting sustainable agricultural development. The findings provide actionable insights for policymakers in China and B&R countries, emphasizing strategies to deepen investment collaboration and advance agricultural sustainability, food security, and nutrition outcomes.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"77 ","pages":"Article 102886"},"PeriodicalIF":6.3,"publicationDate":"2025-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143768315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Domestic value chain, digital finance and the quality of firm's export products

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-03-29 DOI: 10.1016/j.ribaf.2025.102877

Ma Xiaoli , Shi Benye , Lu Hongliang , Ali Raza

{"title":"Domestic value chain, digital finance and the quality of firm's export products","authors":"Ma Xiaoli , Shi Benye , Lu Hongliang , Ali Raza","doi":"10.1016/j.ribaf.2025.102877","DOIUrl":"10.1016/j.ribaf.2025.102877","url":null,"abstract":"<div><div>Chinese firms have strategically positioned themselves within the global value chain by leveraging low-cost labor to achieve substantial growth in exports and economic development. This study presents a theoretical model that offers valuable insights into how embedding in domestic value chains influences the quality of firms' export products. Based on this framework, the paper empirically examines the impact of domestic value chain embedding on export product quality at the micro-firm level. The findings indicate that domestic value chain embedding has a significant positive effect on export product quality. Further analysis reveals that this impact operates through mechanisms through increased efficiency in fixed asset investment and productivity. Heterogeneity tests show that the effects of domestic value chain embedding are more pronounced in eastern regions, labor-intensive industries, firms with fewer financial constraints, and firms with lower initial product quality. Moreover, the results highlight that global and domestic value chains are complementary, rather than substitutive, in promoting export product quality. Finally, the study finds that digital finance positively moderates the relationship between domestic value chain embedding and export product quality.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"77 ","pages":"Article 102877"},"PeriodicalIF":6.3,"publicationDate":"2025-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143792231","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Access to credit and fintech: A lexicon-based sentiment analysis application on Twitter data

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-03-28 DOI: 10.1016/j.ribaf.2025.102875

Marilena Bredice, Anna Vittoria Formisano, Sara Kullafi, Pasquale Palma

引用次数: 0

Strategic fit of potential M&As between dual banks and conventional banks: Does Islamic banking matter?

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2025-03-25 DOI: 10.1016/j.ribaf.2025.102876

Daniel Alejandro Bonfil Penella , Felix Rainer Schmitz , Yong Tan , Jorge Antunes , Peter Wanke , S. M Julkar Naeen Abir , Md. Abul Kalam Azad

{"title":"Strategic fit of potential M&As between dual banks and conventional banks: Does Islamic banking matter?","authors":"Daniel Alejandro Bonfil Penella , Felix Rainer Schmitz , Yong Tan , Jorge Antunes , Peter Wanke , S. M Julkar Naeen Abir , Md. Abul Kalam Azad","doi":"10.1016/j.ribaf.2025.102876","DOIUrl":"10.1016/j.ribaf.2025.102876","url":null,"abstract":"<div><div>During the last decades, Islamic banking has become a major influence for worldwide banking, which led to conventional banks using their existing infrastructure and branches to provide Islamic banking services. Despite the growing impact of this new type of bank, referred to as dual bank, including conventional and Islamic banking services, only a few authors have marginally analyzed them, none of them in a merger and acquisition (M&A) context. This study examines a global strategic fit of 375 bank M&As in 39 nations between 2011 and 2020. An input-oriented, two-stage network DEA (Data Envelopment Analysis) approach is used, computing several efficiency scores of the merged banks. Merging in our analysis involves a virtual combination of inputs and outputs of pairs of separate banks to test the efficiencies of this virtually merged entity. The findings reveal that the bank type impacts the virtual efficiency: dual bank M&As show a large advantage over conventional bank M&As.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"77 ","pages":"Article 102876"},"PeriodicalIF":6.3,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143746305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0