---
title: "Abnormal returns research: papers, trends and top journals"
description: "From 2017 to 2026 (so far), the keyword “abnormal returns” appeared in 1,165 papers in the tracked journals, most of them in finance (807), economics (168) and accounting (60)."
url: https://scholar4ai.com/keywords/abnormal-returns
markdown_url: https://scholar4ai.com/keywords/abnormal-returns.md
license: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/)
share_text: "From 2017 to 2026 (so far), the keyword “abnormal returns” appeared in 1,165 papers in the tracked journals, most of them in finance (807), economics (168) and accounting (60). (as of 2026-11-03)"
data_url: https://scholar4ai.com/data/rankings.json
updated: 2026-11-03T18:03:37+09:00
window: 2026-10-05 to 2026-11-03
source: OpenAlex (CC0)
---

# Papers on “abnormal returns”

Research on “abnormal returns” in the 480 tracked journals: papers per year and category, the journals, institutions and countries publishing it, the keywords studied with it and its most-cited papers. It is not among the most frequent keywords of the last 30 days, so this page has no list of its latest papers.

Back to the ranking: https://scholar4ai.com/rankings/keywords.md

## Key findings

- From 2017 to 2026 (so far), the keyword “abnormal returns” appeared in 1,165 papers in the tracked journals, most of them in finance (807), economics (168) and accounting (60).
- 137 of them were published in 2025, against 104 in 2017.
- Since 2023, the institutions with the most of these papers were Monash University (8), Southwestern University of Finance and Economics (8) and University of Liverpool (8).
- The journals publishing most of them were Finance research letters (91), International Review of Financial Analysis (31) and International Review of Economics & Finance (28).
- The most-cited of them is “Are institutional investors with multiple blockholdings effective monitors?” (Journal of Financial Economics, 2018), with 417 citations.

## Papers per year

*Papers per publication year and category*

| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (so far) |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| [Finance](https://scholar4ai.com/categories/finance.md) | 78 | 57 | 67 | 83 | 99 | 68 | 84 | 90 | 95 | 86 |
| [Economics](https://scholar4ai.com/categories/economics.md) | 13 | 14 | 17 | 13 | 17 | 21 | 16 | 19 | 21 | 17 |
| [Accounting](https://scholar4ai.com/categories/accounting.md) | 3 | 10 | 6 | 1 | 5 | 10 | 8 | 6 | 4 | 7 |
| [Management](https://scholar4ai.com/categories/management.md) | 4 | 3 | 8 | 5 | 6 | 10 | 2 | 6 | 7 | 4 |
| [Operations Research](https://scholar4ai.com/categories/operations-research.md) | 2 | 4 | 4 | 2 | 1 | 2 | 2 | 4 | 6 | 0 |
| [Information Systems](https://scholar4ai.com/categories/information-systems.md) | 2 | 0 | 1 | 2 | 0 | 3 | 0 | 2 | 2 | 3 |
| [AI](https://scholar4ai.com/categories/ai.md) | 2 | 2 | 0 | 2 | 3 | 2 | 1 | 0 | 1 | 0 |
| [Marketing](https://scholar4ai.com/categories/marketing.md) | 0 | 2 | 2 | 0 | 0 | 2 | 2 | 1 | 0 | 1 |
| [Tourism and Hospitality](https://scholar4ai.com/categories/tourism-and-hospitality.md) | 0 | 1 | 1 | 1 | 0 | 3 | 0 | 0 | 0 | 1 |
| [Health Economics and Policy](https://scholar4ai.com/categories/health-economics-and-policy.md) | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| [Higher Education and Research](https://scholar4ai.com/categories/higher-education-and-research.md) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| [Statistics](https://scholar4ai.com/categories/statistics.md) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| All categories | 104 | 93 | 106 | 110 | 131 | 121 | 115 | 128 | 137 | 120 |

## Where the papers come from

*Journals with the most papers, since 2023*

| # | Journal | Papers |
|---:|---|---:|
| 1 | [Finance research letters](https://scholar4ai.com/journals/finance-research-letters.md) | 91 |
| 2 | [International Review of Financial Analysis](https://scholar4ai.com/journals/international-review-of-financial-analysis.md) | 31 |
| 3 | [International Review of Economics & Finance](https://scholar4ai.com/journals/international-review-of-economics-finance.md) | 28 |
| 4 | [Economics Letters](https://scholar4ai.com/journals/economics-letters.md) | 23 |
| 5 | [Pacific-Basin Finance Journal](https://scholar4ai.com/journals/pacific-basin-finance-journal.md) | 22 |
| 6 | [Research in International Business and Finance](https://scholar4ai.com/journals/research-in-international-business-and-finance.md) | 20 |
| 7 | [Journal of Banking & Finance](https://scholar4ai.com/journals/journal-of-banking-finance.md) | 17 |
| 8 | [Review of Quantitative Finance and Accounting](https://scholar4ai.com/journals/review-of-quantitative-finance-and-accounting.md) | 15 |
| 9 | [Journal of Corporate Finance](https://scholar4ai.com/journals/journal-of-corporate-finance.md) | 14 |
| 10 | [The North American Journal of Economics and Finance](https://scholar4ai.com/journals/the-north-american-journal-of-economics-and-finance.md) | 11 |

*Institutions with the most papers, since 2023*

| # | Institution | Papers |
|---:|---|---:|
| 1 | [Monash University](https://scholar4ai.com/institutions/monash-university.md) | 8 |
| 2 | [Southwestern University of Finance and Economics](https://scholar4ai.com/institutions/southwestern-university-of-finance-and-economics.md) | 8 |
| 3 | [University of Liverpool](https://scholar4ai.com/institutions/university-of-liverpool.md) | 8 |
| 4 | [Xiamen University](https://scholar4ai.com/institutions/xiamen-university.md) | 8 |
| 5 | [Capital University of Economics and Business](https://scholar4ai.com/institutions/capital-university-of-economics-and-business.md) | 7 |
| 6 | Magadh University | 7 |
| 7 | [Nanjing University](https://scholar4ai.com/institutions/nanjing-university.md) | 7 |
| 8 | Technische Universität Darmstadt | 7 |
| 9 | [Zhejiang University of Finance and Economics](https://scholar4ai.com/institutions/zhejiang-university-of-finance-and-economics.md) | 7 |
| 10 | Centro de Estudos de Economia Aplicada do Atlântico | 6 |

*Countries with the most papers, since 2023*

| # | Country | Papers |
|---:|---|---:|
| 1 | China | 132 |
| 2 | United States | 104 |
| 3 | United Kingdom | 56 |
| 4 | Germany | 45 |
| 5 | France | 31 |
| 6 | Australia | 30 |
| 7 | Italy | 29 |
| 8 | India | 23 |
| 9 | Taiwan | 23 |
| 10 | Hong Kong | 16 |

*Keywords with the most papers, since 2023*

| # | Keyword | Papers |
|---:|---|---:|
| 1 | stock market reaction | 61 |
| 2 | [stock returns](https://scholar4ai.com/keywords/stock-returns.md) | 36 |
| 3 | [Chinese stock market](https://scholar4ai.com/keywords/chinese-stock-market.md) | 35 |
| 4 | [COVID-19 pandemic](https://scholar4ai.com/keywords/covid-19-pandemic.md) | 30 |
| 5 | [corporate governance](https://scholar4ai.com/keywords/corporate-governance.md) | 28 |
| 6 | [ESG ratings](https://scholar4ai.com/keywords/esg-ratings.md) | 21 |
| 7 | [information asymmetry](https://scholar4ai.com/keywords/information-asymmetry.md) | 21 |
| 8 | market reaction | 21 |
| 9 | insider trading | 19 |

## Most-cited papers

*Most-cited papers since 2017*

| # | Citations | Per month | Title | Journal | Published | Authors |
|---:|---:|---:|---|---|---|---|
| 1 | 417 | 4.0 | [Are institutional investors with multiple blockholdings effective monitors?](https://doi.org/10.1016/j.jfineco.2018.03.005) | [Journal of Financial Economics](https://scholar4ai.com/journals/journal-of-financial-economics.md) | 2018-03-20 | Jun‐Koo Kang, Juan Luo, Hyun Seung Na |
| 2 | 384 | 6.2 | [Banking sector performance during the COVID-19 crisis](https://doi.org/10.1016/j.jbankfin.2021.106305) | [Journal of Banking & Finance](https://scholar4ai.com/journals/journal-of-banking-finance.md) | 2021-08-29 | Asli Demirgüç‐Kunt, Álvaro Pedraza, Claudia Ruiz‐Ortega |
| 3 | 377 | 7.3 | [The reaction of G20+ stock markets to the Russia–Ukraine conflict “black-swan” event: Evidence from event study approach](https://doi.org/10.1016/j.jbef.2022.100723) | [Journal of Behavioral and Experimental Finance](https://scholar4ai.com/journals/journal-of-behavioral-and-experimental-finance.md) | 2022-07-22 | Imran Yousaf, Ritesh Jayantibhai Patel, Larisa Yarovaya |
| 4 | 335 | 6.7 | [Impact of Russian-Ukraine war on clean energy, conventional energy, and metal markets: Evidence from event study approach](https://doi.org/10.1016/j.resourpol.2022.102966) | [Resources Policy](https://scholar4ai.com/journals/resources-policy.md) | 2022-08-28 | Muhammad Umar, Yasir Riaz, Imran Yousaf |
| 5 | 305 | 2.9 | [Persistence in the cryptocurrency market](https://doi.org/10.1016/j.ribaf.2018.01.002) | [Research in International Business and Finance](https://scholar4ai.com/journals/research-in-international-business-and-finance.md) | 2018-02-07 | Guglielmo Maria Caporale, Luis A. Gil‐Alana, Alex Plastun |

## Cite this page

Scholar4AI. (2026). Papers on “abnormal returns”. Journal and Conference Research Rankings. Retrieved November 3, 2026, from https://scholar4ai.com/keywords/abnormal-returns

```bibtex
@misc{scholar4ai-keywords-abnormal-returns,
  author = {{Scholar4AI}},
  title = {Papers on “abnormal returns”},
  year = {2026},
  howpublished = {\url{https://scholar4ai.com/keywords/abnormal-returns}},
  urldate = {2026-11-03},
  note = {Journal and Conference Research Rankings; data from OpenAlex (CC0); licensed CC BY-NC 4.0}
}
```

License: CC BY-NC 4.0 (https://creativecommons.org/licenses/by-nc/4.0/).