Ask harder questions.
Build stronger evidence.

Journal of Business Venturing

Filling the Legitimacy Void: The Value of Sustainability Orientation Across Investor Segments in Venture Financing ↗

Feilian Xia, James Thewissen, Paul P. Momtaz & Shuo Yan

42, 106641

Examines when sustainability can compensate for missing institutional backing in venture financing.

Abacus

Narrative Disclosure Strategies Around Stock-for-Stock M&As ↗

James Thewissen, Beibei Yan, Özgür Arslan-Ayaydin, Shuo Yan & Serene Xu Ni

Early View

Studies strategic changes in the tone and narrative structure of bidder disclosures around acquisitions.

Journal of Financial Research

Topics That Matter: ESG Reports and Information Asymmetry ↗

James Thewissen, Prabal Shrestha, Özgür Arslan-Ayaydin & Beibei Yan

2026

Connects the thematic content of ESG reporting with information asymmetry in capital markets.

Business Strategy and the Environment

Do Circular Economy Strategies Create Value? Evidence From the United States ↗

Josep Oriol Izquierdo-Montfort, Yves De Rongé, James Thewissen, Sébastien Wilmet & Özgür Arslan-Ayaydin

2026

Uses more than 7,500 ESG reports to examine how markets value different circular economy strategies.

Financial Review

Hitting the Right Note: The Impact of Lexical Complexity on Initial Coin Offering Success ↗

James Thewissen, Jennifer Thewissen, Özgür Arslan-Ayaydin & Diego Barrio Herrezuelo

61(1), 135–173

Investigates how vocabulary and linguistic complexity relate to the success of token offerings.

The British Accounting Review

Picturing Success: The Informational Role of Visual Cues in Initial Coin Offerings ↗

Feilian Xia, James Thewissen, Diego Barrio Herrezuelo, Özgür Arslan-Ayaydin & Shuo Yan

58(3), 101503

Examines the informational role of infographics alongside textual disclosure in entrepreneurial financing.

Small Business Economics

Institutional Background in Crowdfunding: Trust, Signals, and Backers’ Decisions ↗

Prabal Shrestha, Veroniek Collewaert & James Thewissen

67(2), 865–914

Innovations in Education and Teaching International

Readiness and Responsible Practices: Academics’ Perspectives on AI Integration through the CAIR Framework ↗

Z. Cheng, James Thewissen, M. Bi & C. Zhu

2026

Journal of Circular Economy

Circularity Without a Compass: The Measurement Problem in Circular Economy Research ↗

James Thewissen, Sébastien Wilmet, Yves De Rongé, Özgür Arslan-Ayaydin & Karine Cerrada Cristia

4(2), 1–11

Journal of International Accounting, Auditing and Taxation

CEO Retirement and Cost Stickiness ↗

Jamie Y. Tong, James Thewissen, Serene Xu Ni & Shimin Chen

60, 100738

Babel

What on Earth Does Language Have to Do with Money-making? ↗

Jennifer Thewissen, James Thewissen, Diego Barrio Herrezuelo, Karine Cerrada Cristia & Özgür Arslan-Ayaydin

56, 18–21

Working paper & conference research

Time Will Tell: Linguistic Temporality and Investor Decisions in Digital Entrepreneurial Finance ↗

Feilian Xia, Diego Barrio Herrezuelo, James Thewissen, Jennifer Thewissen

CRC2026 · Best PhD Paper Award

Journal of Behavioral and Experimental Finance

Board Gender Diversity Reforms and Corporate Social Responsibility: International Evidence ↗

Yingying Xin, James Thewissen, Albert Tsang & Shuo Yan

45, 101025

8th Cryptocurrency Research Conference

How Circular Economy Drives Token Investments? ↗

James Thewissen, Sébastien Wilmet, Josep Oriol Izquierdo Montfort, Yves De Rongé

The 95th Annual Meeting of the Southern Economic Association

Circularity and Venture Capital: Impact of Circularity on ICO Performance ↗

James Thewissen, Sébastien Wilmet, Josep Oriol Izquierdo Montfort, Yves De Rongé

Working paper

Le langage inclusif en entreprise, c’est aussi une question d’argent ↗

Jennifer Thewissen, Karine Cerrada Cristia, Özgür Arslan-Ayaydin, James Thewissen, Diego Barrio Herrezuelo

8th Cryptocurrency Research Conference

Speaking to All: The Economic Impact of Inclusive Language in Entrepreneurial Finance ↗

James Thewissen, Jennifer Thewissen, Diego Barrio Herrezuelo, Özgür Arslan-Ayaydin, Karine Cerrada Cristia

Entrepreneurship Theory and Practice

Founder-CEO Extraversion and Sustainability Orientation in Initial Coin Offerings ↗

Feilian Xia, James Thewissen, Winifred Huang & Shuo Yan

48(4), 941–980

Connects founder personality, sustainability commitments and fundraising outcomes.

International Review of Financial Analysis

The Power of a Name: Exploring the Relationship Between ICO Name Fluency and Investor Decision Making ↗

Feilian Xia, James Thewissen, Prabal Shrestha & Shuo Yan

93, 103142

Financial Management

Currency Flotation and Dividend Policies: Evidence from China’s Central Parity Reform ↗

Yilin Luo, Chenkai Ni & James Thewissen

53(1), 145–174

Springer

The ESG Framework and the Energy Industry: Demand and Supply, Market Policies and Value Creation ↗

James Thewissen, Özgür Arslan-Ayaydin, Wim Westerman & André Dorsman (eds.)

Edited book

The ESG Framework and the Energy Industry

The ESG Framework and the Energy Industry: Demand and Supply, Market Policies, and Value Creation ↗

James Thewissen, Özgür Arslan-Ayaydin, Wim Westerman & André Dorsman

Book chapter · 1–5

Strategic Entrepreneurship Journal

A Sense of Risk: Responses to Crowdfunding Risk Disclosures ↗

Prabal Shrestha, James Thewissen, Özgür Arslan-Ayaydin & Annaleena Parhankangas

17(4), 925–970

Studies how the content, expression and source of risk information affect crowdfunding decisions.

The European Journal of Finance

Linguistic Errors and Investment Decisions: The Case of ICO White Papers ↗

Jennifer Thewissen, James Thewissen, Wouter Torsin & Özgür Arslan-Ayaydin

29(7), 826–868

Examines how spelling and grammatical errors in ICO white papers influence investment decisions.

European Accounting Review

International Earnings Announcements: Tone, Forward-looking Statements, and Informativeness ↗

Elaine Henry, James Thewissen & Wouter Torsin

32(2), 275–309

Studies the tone, forward-looking content and informativeness of international earnings announcements.

Journal of Corporate Finance

Unpacking the Black Box of ICO White Papers: A Topic Modeling Approach ↗

James Thewissen, Prabal Shrestha, Wouter Torsin & Anna M. Pastwa

75, 102225

Maps the thematic content of 5,210 ICO white papers and examines its information value to investors.

International Review of Financial Analysis

Is Cross-listing a Panacea for Improving Earnings Quality? The Case of H- and B-share Firms in China ↗

Özgür Arslan-Ayaydin, Shimin Chen, Serene Xu Ni & James Thewissen

81, 102113

Comptabilité Contrôle Audit

Earnings Management Methods and CEO Political Affiliation ↗

Özgür Arslan-Ayaydin, James Thewissen & Wouter Torsin

28(2), 83–128

Journal of Business Finance & Accounting

Disclosure Tone Management and Labor Unions ↗

Özgür Arslan-Ayaydin, James Thewissen & Wouter Torsin

48(1–2), 102–147 · online 2020

International Review of Economics & Finance

Institutions, Regulations and Initial Coin Offerings: An International Perspective ↗

Prabal Shrestha, Özgür Arslan-Ayaydin, James Thewissen & Wouter Torsin

72, 102–120

Explores the role of country-level institutions and regulation in token financing.

Asian Review of Accounting

Does Managerial Ability Affect Disclosure? Evidence from Earnings Press Releases ↗

Beibei Yan, Özgür Arslan-Ayaydin, James Thewissen & Wouter Torsin

29(2), 192–226

28th International Annual EurOMA Conference

Mismatch between corporate circular economy practices and literature: Sustainability report analysis of highly-rated ESG companies ↗

Petchprakai Sirilertsuwan, Josep Oriol Izquierdo Montfort, Yves De Ronge, James Thewissen

International Review of Financial Analysis

Managerial Career Concerns and the Content of Corporate Disclosures: An Analysis of the Tone of Earnings Press Releases ↗

Özgür Arslan-Ayaydin, Norman Bishara, James Thewissen & Wouter Torsin

72, 101598

Springer

Regulations in the Energy Industry: Financial, Economic and Legal Implications ↗

André Dorsman, Özgür Arslan-Ayaydin & James Thewissen (eds.)

Edited book

Regulations in the Energy Industry

Introduction: Financial Implications of Regulations in the Energy Industry ↗

André B. Dorsman, Özgür Arslan-Ayaydin & James Thewissen

Book chapter · 1–6

Regulations in the Energy Industry : Financial, Economic and Legal Implications

Blockchain as a Technology Backbone for an Open Energy Market ↗

Özgür Arslan-Ayaydin, Prabal Shrestha, James Thewissen

Book chapter · 65–84

Financial Management

Jockeying for Position in CEO Letters: Impression Management and Sentiment Analytics ↗

Kris Boudt & James Thewissen

48(1), 77–115

Shows how the positioning of positive and negative language can shape a disclosure’s message.

Pacific Accounting Review

The Informativeness of Impression Management: Financial Analysts and Rhetorical Style of CEO Letters ↗

Beibei Yan, Walter Aerts & James Thewissen

31(3), 462–496

International Review of Financial Analysis

When Does the Tone of Earnings Press Releases Matter? ↗

Kris Boudt, James Thewissen & Wouter Torsin

57, 231–245

Energy Economy, Finance and Geostrategy

The Crowding-Out Effect of Green Energy Innovation ↗

Özgür Arslan-Ayaydin, James Thewissen & Wouter Torsin

Book chapter · 89–112

37th Babson College Entrepreneurship Research Conference and Doctoral Consortium

Kickstart your business: The use of impression management in reward-based crowdfunding ↗

Prabal Shrestha, James Thewissen, Sofie De Prijcker

Factor Investing

The Alpha and Beta of Equity Hedge UCITS Funds: Implications for Momentum Investing ↗

Nabil Bouamara, Kris Boudt, Benedict Peeters, James Thewissen

Book chapter · 415–446

Journal of Banking & Finance

Managers Set the Tone: Equity Incentives and the Tone of Earnings Press Releases ↗

Özgür Arslan-Ayaydin, Kris Boudt & James Thewissen

72, S132–S147

Examines managerial incentives, disclosure tone and investor responses to earnings announcements.

Energy & Environment

The Financial Reward for Environmental Performance in the Energy Sector ↗

Özgür Arslan-Ayaydin & James Thewissen

27(3–4), 389–413

Energy and Finance: Sustainability in the Energy Industry

The Green Thumb in the Energy Industry: The Impact of Managerial Political Affiliation on Corporate Environmental Performance ↗

Özgür Arslan-Ayaydin & James Thewissen

Book chapter · 29–47

Energy and Finance: Sustainability in the Energy Industry

When Corporate Social Responsibility Causes Tone Inflation in Earnings Press Releases: Evidence from the Oil and Gas Industry ↗

Özgür Arslan-Ayaydin & James Thewissen

Book chapter · 83–106

Accounting & Finance

Analysts’ Forecast Error: A Robust Prediction Model and Its Short-term Trading Profitability ↗

Kris Boudt, Peter de Goeij, James Thewissen & Geert Van Campenhout

55(3), 683–715

Energy Technology and Valuation Issues

The Impact of Environmental Strengths and Concerns on the Accounting Performance of Firms in the Energy Sector ↗

Özgür Arslan-Ayaydin, James Thewissen

Book chapter · 83–107