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Credit Risk and Financial Regulations

Credit Risk and Financial Regulations is a research topic within Finance. Science Explorer counts 15k research works in it since 1952. 10.2% of them reached the world's top 10% most cited for their field and year.

This cluster of papers explores the determinants of credit risk in financial markets, focusing on factors such as credit spread changes, default risk, credit default swaps, bond yields, credit ratings, sovereign debt, market spreads, liquidity, and the role of rating agencies in assessing credit risk.

  • Credit Spread Changes
  • Default Risk
  • Credit Default Swaps
  • Bond Yields
  • Credit Ratings
  • Sovereign Debt
  • Market Spreads
  • Liquidity
  • Rating Agencies
  • Corporate Bonds
Research works
15k
fractional, since 1952
In the world top 10%
1.6k
per year above
Top-10% rate
10.2%
share of its works in the world top 10%
Growth, 2018-21 → 2022-25
-7%
the tick is no change
Largest producer
United States
29% of the 10 largest, 2022-now
Credit Risk and Financial Regulations

Which countries lead Credit Risk and Financial Regulations research?

By volume, the United States and China publish the most (520 and 511 works in 2022-now).

By volume, 2022-now

  1. 1 United States 520 works
  2. 2 China 511 works
  3. 3 United Kingdom 158 works
  4. 4 Germany 133 works
  5. 5 India 113 works
  6. 6 Italy 112 works
  7. 7 France 90 works
  8. 8 Türkiye 73 works
  9. 9 Canada 58 works
  10. 10 Australia 55 works

How concentrated that is

The same countries as shares of everything the list above accounts for. A node where two countries do two thirds of the work and one spread evenly across twelve read alike as a ranking and not at all alike here.

United States: 28.5%China: 28.0%United Kingdom: 8.7%Germany: 7.3%6 others listed: 27.5%29%largest
United States520 · 28.5%China511 · 28.0%United Kingdom158 · 8.7%Germany133 · 7.3%6 others listed501 · 27.5%

Shares of the rows listed above, not of the whole node.

Which institutions lead Credit Risk and Financial Regulations research?

By volume in 2022-now, Centre National de la Recherche Scientifique publishes the most Credit Risk and Financial Regulations research, followed by Bank of Italy and Central University of Finance and Economics.

By volume, 2022-now

  1. 1 Centre National de la Recherche ScientifiqueFrance 22 works
  2. 2 Bank of ItalyItaly 16 works
  3. 3 Central University of Finance and EconomicsChina 15 works
  4. 4 European Central BankGermany 14 works
  5. 5 Columbia UniversityUnited States 13 works
  6. 6 Renmin University of ChinaChina 12 works
  7. 7 New York UniversityUnited States 11 works
  8. 8 Federal Reserve Board of GovernorsUnited States 10 works
  9. 9 University of International Business and EconomicsChina 10 works
  10. 10 Southwestern University of Finance and EconomicsChina 10 works

Who are the leading researchers in Credit Risk and Financial Regulations?

The most-cited researchers publishing on Credit Risk and Financial Regulations include Eugene F. Fama, Andrei Shleifer and Michael C. Jensen.

  1. 1 Eugene F. Fama United States 262k citations
  2. 2 Andrei Shleifer United States 234k citations
  3. 3 Michael C. Jensen United States 203k citations
  4. 4 Daniel J Kim United States 171k citations
  5. 5 Joseph E. Stiglitz United States 167k citations
  6. 6 H. Vincent Poor United States 165k citations
  7. 7 Daron Acemoğlu United States 164k citations
  8. 8 M. Hashem Pesaran United States 150k citations

Ranked by citations received across their whole record, among researchers with at least three works on this topic.

What are the most cited papers in Credit Risk and Financial Regulations?

The most cited paper in Credit Risk and Financial Regulations is "Common risk factors in the returns on stocks and bonds" (Eugene F. Fama, Kenneth R. French, 1993), with 28,079 citations. Next come "ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*" (11,053) and "A Comprehensive Look at The Empirical Performance of Equity Premium Prediction" (4,225).

Most cited papers
#PaperReleasedCitations
1 Common risk factors in the returns on stocks and bonds Eugene F. Fama, Kenneth R. French · Journal of Financial Economics Feb 1993 28,079
2 ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* Robert C. Merton · The Journal of Finance Open access May 1974 11,053
3 A Comprehensive Look at The Empirical Performance of Equity Premium Prediction Ivo Welch, Amit Goyal · Review of Financial Studies 17 Mar 2007 4,225
4 Martingales and arbitrage in multiperiod securities markets J. Michael Harrison, David M. Kreps · Journal of Economic Theory Jun 1979 3,737
5 Deciphering the Liquidity and Credit Crunch 2007–2008 Markus Konrad Brunnermeier · The Journal of Economic Perspectives Open access 2009 3,451
All 100 most cited papers, with filters and sorting

Where is Credit Risk and Financial Regulations research done?

The largest centres of Credit Risk and Financial Regulations research in 2022-now are Beijing (China), London (United Kingdom), New York (United States) and Shanghai (China). Among places with at least 20 works in it, it is an unusually large share of all research in Frankfurt am Main and Washington D.C..

Largest cities, 2022-now

  1. 1 BeijingChina 111 works
  2. 2 LondonUnited Kingdom 60 works
  3. 3 New YorkUnited States 50 works
  4. 4 ShanghaiChina 50 works
  5. 5 Washington D.C.United States 43 works
  6. 6 Frankfurt am MainGermany 33 works
  7. 7 ParisFrance 31 works
  8. 8 SeoulSouth Korea 31 works
  9. 9 RomeItaly 29 works
  10. 10 TokyoJapan 26 works

Where it is the local speciality

  1. Frankfurt am MainDE · 32.7 works16×
  2. Washington D.C.US · 43.5 works4.4×
← less than its size predicts1×more →

Location quotient: how much more of its research is in Credit Risk and Financial Regulations than the world average.

See Credit Risk and Financial Regulations on the map

Where is the best place to study Credit Risk and Financial Regulations?

Among universities, judged by research, University of Chicago, Central University of Finance and Economics and Columbia University score highest, combining citation excellence, specialisation, size, growth and international reach. Research strength is one signal when choosing where to study; it does not measure teaching.

0%20%40%mean 14.7889%fractional works in this field (log) →share of work in the world top 10% →University of ChicagoRenmin University of…Central University o…Columbia University
above the meannear itbelow it

One dot per university in the first ten of the table below, at the default weights. The upper left is the interesting corner: small places doing unusually strong work.

Citation excellenceshare of its work in the world top 10%, 2022-now and all time averaged
40%
Specialisationhow much of its work is in this field, counted up to 10× the world share
10%
Sizeits output in this field, on a log scale
30%
Growthoutput growth, counted from -20% to +20%
10%
Internationalshare of its work with a co-author abroad
10%
Each slider sets a weight; the share it gets of the score is beside it.
#UniversityScoreTop 10%SpecialisationWorksGrowth
1University of ChicagoUnited States 62.129.5%4.7×9 +52.4%
2Central University of Finance and EconomicsChina 54.311.1%58.1×15 +163.2%
3Columbia UniversityUnited States 54.28.5%5.0×12 +36.4%
4Renmin University of ChinaChina 45.813.2%15.8×12 +192.3%
5New York UniversityUnited States 45.115.4%4.2×11 -42.2%
6University of International Business and EconomicsChina 44.015.8%47.2×10 +16.6%
7Southwestern University of Finance and EconomicsChina 41.714.2%31.0×10 +27.1%
8Shanghai University of Finance and EconomicsChina 34.918.7%35.2×8 +26.6%
9Tsinghua UniversityChina 22.26.7%1.9×10 +47.7%

Universities only. The score blends citation excellence (40%), size (30%), specialisation (10%), growth (10%), international reach (10%), 2022-now; growth compares 2018-21 with 2022-25 and counts up to +20%, since a jump from a small base is mostly noise.

Every institution in Credit Risk and Financial Regulations, country by country

Is Credit Risk and Financial Regulations research growing?

Output in 2022-2025 was 7% lower than in 2018-2021, peaking in 2012.

still counting19801990200020102020
grewheldshrank

The same series as a ribbon: one cell per year, darker for more. The line above answers how much; this answers when.

Its share of all research

Growing output can still be a shrinking share: all of science grows. This is Credit Risk and Financial Regulations as a percentage of every work published that year, 0.010% in 2024.

still counting0.010%0.020%0.030%Credit Risk and Financial Regulations0.010% in 202519801990200020102020

Fractional works of Credit Risk and Financial Regulations over all fractional works that year. How the balance of science has shifted.

How much of it reaches the world top 10%

Year by year.

still counting5%10%15%Credit Risk and Financial Regulations11.0% in 2025200020102020

Of each year's works in it, the share that reached the world's 10% most cited for their field and year. A field is the world for its own topics, so there is no other line to hold it against.

Which topics inside it are moving

Growth and decline on one axis around a shared zero. Two lists side by side hide the thing that matters: whether the growth dwarfs the decline, or the other way round.

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