Research in International Business and Finance最新文献_第2页

Bad news travels fast: Extreme rainfall, migration networks, and migration 坏消息传得很快：极端降雨、迁徙网络和迁徙

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103112

Zhuoyang Lyu , Zhengsheng Li , Li Yu , Yue Jiang

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引用次数: 0

Short-run and long-run volatility spillovers from China to countries of the Belt and Road Initiative 中国对“一带一路”沿线国家的短期和长期波动溢出效应

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103106

Walter Bazán-Palomino, Diego Winkelried

引用次数: 0

Exploring portfolio diversification with alternative investments: An international TVP-VAR approach 用另类投资探索投资组合多样化：一种国际ttv - var方法

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103143

Alexandros Tsioutsios , Larisa Yarovaya , Dimitrios Dimitriou

引用次数: 0

Forecasting spot and futures price volatility of agricultural commodities: The role of climate-related migration uncertainty 预测农产品现货和期货价格波动：气候相关移民不确定性的作用

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103133

Afees A. Salisu , Ahamuefula E. Ogbonna , Rangan Gupta , Elie Bouri

{"title":"Forecasting spot and futures price volatility of agricultural commodities: The role of climate-related migration uncertainty","authors":"Afees A. Salisu , Ahamuefula E. Ogbonna , Rangan Gupta , Elie Bouri","doi":"10.1016/j.ribaf.2025.103133","DOIUrl":"10.1016/j.ribaf.2025.103133","url":null,"abstract":"<div><div>There is a lack of research explicitly connecting climate-related migration uncertainties to the volatility of agricultural commodities. Existing studies emphasize supply shocks while neglecting the effects of migration and uncertainties linked to climate-related migration. In this paper, we evaluate the forecasting ability of the newly developed climate-related migration uncertainty index (CMUI) and its two components, the climate uncertainty index (CUI) and the migration uncertainty index (MUI), for the return volatility of agricultural commodity prices in both the futures and spot markets. Employing a GARCH-MIDAS model, based on mixed data frequencies covering the period from 1977Q4 (with the earliest daily observation on October 3, 1977) to 2024Q1 (with the latest daily observation on March 29, 2024), we conduct both statistical and economic evaluations, including the Modified Diebold-Mariano test, Model Confidence Set procedure, and risk-adjusted performance metrics. The results demonstrate that integrating CUI, MUI, and CMUI into the predictive model of the return volatility of agricultural commodities significantly improves forecast accuracy relative to the conventional GARCH-MIDAS-RV benchmark. These findings suggest that climate and migration related uncertainty indices are both statistically significant and economically relevant, offering enhanced forecasting power and investment performance.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"80 ","pages":"Article 103133"},"PeriodicalIF":6.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049458","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

Convergence or divergence? The impact of common institutional ownership on firms’ innovation trajectories 收敛还是发散？共同机构所有权对企业创新轨迹的影响

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103137

Yuhan He , Fengguang Lyu , Shougui Luo

{"title":"Convergence or divergence? The impact of common institutional ownership on firms’ innovation trajectories","authors":"Yuhan He , Fengguang Lyu , Shougui Luo","doi":"10.1016/j.ribaf.2025.103137","DOIUrl":"10.1016/j.ribaf.2025.103137","url":null,"abstract":"<div><div>Understanding how innovation trajectories are shaped is a central concern in innovation management research. This paper investigates whether common institutional ownership (CIO) drives convergence or divergence in the innovation trajectories of firms. Using a large sample of Chinese A-share listed firm-pairs from 2010 to 2022, we find that CIO significantly enhances innovation similarity among invested firms, highlighting the knowledge spillover effect in innovation governance. The results are robust across various model specifications and robustness checks. Further analysis reveals that CIO facilitates inter-firm patent collaboration and patent citation, and site visits play a positive moderating role, thereby fostering innovation convergence. We also find that intra-industry relationships and heterogeneous ownership structures amplify inter-firm knowledge flows, reinforcing the role of CIO in facilitating knowledge transfer. Overall, our study provides new insights into the governance effect of CIO, examining its role in inter-firm innovation behavior and advancing the understanding of innovation convergence at the micro level.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"80 ","pages":"Article 103137"},"PeriodicalIF":6.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145118622","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

Time-frequency quantile co-movement between agricultural commodities and sovereign CDS: Evidence from Latin America countries 农产品与主权CDS的时频分位数联动：来自拉丁美洲国家的证据

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103157

Liya Hau , Dingyi Yang , Qingyao Zeng , Huiming Zhu

引用次数: 0

Peer effects in bank liquidity hoarding and its impact on bank risk: Evidence from Chinese commercial banks 银行流动性囤积的同伴效应及其对银行风险的影响——来自中国商业银行的证据

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103145

Konglin Ke, Haohao Rui, Dekai Tan

{"title":"Peer effects in bank liquidity hoarding and its impact on bank risk: Evidence from Chinese commercial banks","authors":"Konglin Ke, Haohao Rui, Dekai Tan","doi":"10.1016/j.ribaf.2025.103145","DOIUrl":"10.1016/j.ribaf.2025.103145","url":null,"abstract":"<div><div>This study investigates whether banks strategically incorporate the liquidity hoarding behaviors of their peers when shaping their own liquidity management strategies, and how these dynamics impact financial stability. Using a dataset of Chinese commercial banks and a comprehensive identification strategy, we find that the liquidity hoarding decisions made by banks are significantly influenced by those of their peers. These correlated decisions are evident across assets, liabilities, and off-balance-sheet activities. The mechanism analysis indicates that peer effects in bank liquidity hoarding are primarily driven by learning behavior and blame avoidance. Under higher economic policy uncertainty and regulatory pressure, peer effects become more pronounced, leading banks to align more closely with their peers' behavior. We further find that, although liquidity hoarding behaviors may reduce risk at the individual bank level, they heighten systemic risk by amplifying shared vulnerabilities across the sector. This underscores the need for macroprudential regulation to address liquidity risk in the banking sector.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"80 ","pages":"Article 103145"},"PeriodicalIF":6.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145220791","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

Corporate reputation gains from green innovation: Moderating effects of subsidies and eco-friendly products 绿色创新带来的企业声誉收益：补贴和环保产品的调节效应

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103108

Kainat Iftikhar , Tanveer Bagh , Muhammad Nadir Shabbir

{"title":"Corporate reputation gains from green innovation: Moderating effects of subsidies and eco-friendly products","authors":"Kainat Iftikhar , Tanveer Bagh , Muhammad Nadir Shabbir","doi":"10.1016/j.ribaf.2025.103108","DOIUrl":"10.1016/j.ribaf.2025.103108","url":null,"abstract":"<div><div>Green innovation is increasingly recognized as a strategic driver of sustainable development and corporate reputation. This study investigates the impact of green innovation on corporate reputation among Chinese listed firms from 2014 to 2022, employing rigorous identification techniques, including instrumental variable regression and propensity score matching, to address endogeneity. The findings demonstrate that green innovation significantly enhances corporate reputation. Furthermore, the analysis highlights the moderating roles of government subsidies and environmentally friendly products, indicating that subsidies can diminish the positive effects of green innovation. In contrast, firms producing green products experience greater benefits in terms of reputation. The mediating role of environmental certification in strengthening the relationship between green innovation and corporate reputation is also established. Cross-sectional analyses reveal asymmetrical influence of green innovation across high-tech, polluted, and environmentally friendly firms. Overall, this research contributes to existing literature and provides valuable policy insights for policymakers and business analysts, emphasizing the importance of balancing government support and market-driven approaches to enhance corporate reputation through green innovation.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"80 ","pages":"Article 103108"},"PeriodicalIF":6.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144890248","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

Influence of social sustainable development goals sentiment on listed companies 社会可持续发展目标情绪对上市公司的影响

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103068

Tuong Bao Diep , Stéphane Goutte , Hoang-Viet Le , Fei Liu , Huong Giang Nguyen , Hans-Jörg von Mettenheim

{"title":"Influence of social sustainable development goals sentiment on listed companies","authors":"Tuong Bao Diep , Stéphane Goutte , Hoang-Viet Le , Fei Liu , Huong Giang Nguyen , Hans-Jörg von Mettenheim","doi":"10.1016/j.ribaf.2025.103068","DOIUrl":"10.1016/j.ribaf.2025.103068","url":null,"abstract":"<div><div>This study contributes to forecasting financial time series, focusing on the social Sustainable Development Goals (SDGs) to enhance investment strategies. By analyzing stock portfolios across the United States, Europe, and Vietnam, we explore whether companies with strong social commitments are rewarded in the stock market. Our conservative approach, which involves systematic portfolio rebalancing, ensures a thorough examination of the relationship between social responsibility and financial performance, contributing valuable insights to sustainable finance. Our findings reveal that long portfolios, particularly those based on social SDGs, consistently outperform traditional benchmarks. This outperformance is especially pronounced in the European and Vietnamese markets. In contrast, the U.S. market shows less pronounced gain. A standout result is observed in the Vietnamese market, where portfolios focused on the ’Gender Equality’ SDG exhibit notably low drawdowns, suggesting greater stability and resilience. Additionally, market-neutral portfolios, which balance long positions against index benchmarks, perform exceptionally well in Vietnam, reflecting the unique dynamics of this market and its growing emphasis on social responsibility. These results highlight the dual benefits of social SDG-based portfolio management in achieving both financial outperformance and positive social impact.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"80 ","pages":"Article 103068"},"PeriodicalIF":6.9,"publicationDate":"2025-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049457","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

Text readability of regulatory policies and bank profit efficiency 监管政策的文本可读性与银行利润效率

IF 6.9 2区经济学

Research in International Business and Finance Pub Date : 2025-08-01 DOI: 10.1016/j.ribaf.2025.103096

Yuejiao Duan , Xiaoyun Fan , Zijun Wang

引用次数: 0