Emerging Markets Review

Article	Citations
Does time-varying risk aversion sentiment matter in the connectedness among Sub-Saharan African bond markets?	204
Corrigendum to “Endogenous market development for government securities in lower-income economies” [Emerging Markets Review 50 (2022) 100844]	92
Does air pollution influence investor trading behavior? Evidence from China	85
Financial statement fraud, recidivism and punishment	77
Fintech innovation: Is it beneficial or detrimental to financial inclusion and financial stability? A systematic literature review and research directions	75
The imprint effect of initial institutional environments and bank financing in family businesses	67
What drives the growth of shadow banks? Evidence from emerging markets	67
Borrowing constraints, financial development and the aggregate savings: Theory and evidence	57
Media coverage of startups and venture capital investments	55
Bank board network and financial stability in emerging markets	52
The impact of common ownership between banks and firms on corporate ESG performance: Evidence from China	45
Inflation and west African sectoral stock price indices: An asymmetric kernel method analysis	43
Does managerial networking impinge our morality in Guanxi context? The moderating effect of corruption perception	41
Bank risk-taking and competition in developing banking markets: Does efficiency level matter? Evidence from Africa	40
Impacts of COVID-19 pandemic on corporate cash holdings: Evidence from Korea	37
Local credit in Brazil: The role of digital connectivity and education	37
Making differences work: Financial fraud detection based on multi-subject perceptions	36
Impact of energy restructuring on green technology innovation in the context of climate policy uncertainty	36
Anti-corruption campaign and corporate cash holdings: Evidence from China	36
Fiscal rules and sovereign default	35
Are Latin American stock markets connected? Exploring spillovers and the impact of risk factors	33
Safety nets and investment choices	32
Global monetary policy surprises and their transmission to emerging market economies: An external VAR analysis	31
Board generational diversity in emerging markets	30
Pooling wisdom: The impact of investors' private information transmission on corporate investment efficiency	30

Predictability of risk appetite in Turkey: Local versus global factors	30
What drives portfolio capital inflows into emerging market economies? The role of the Fed's and ECB's balance sheet policies	30
Editorial Board	29
Does the nature of political connection matter for corporate social responsibility engagement? Evidence from China	28
Financial fraud detection for Chinese listed firms: Does managers' abnormal tone matter?	28
The dark side of Bitcoin: Do Emerging Asian Islamic markets help subdue the ethical risk?	27
Share pledging and stock price synchronicity: Evidence from China	27
Unintended consequences: Examining the effects of government digital regulation on corporate fintech innovation in China	26
Managers' individualistic culture and trade credit	26
Higher education expansion and the adoption of robots in China	25
Spillovers and connectedness among BRICS stock markets, cryptocurrencies, and uncertainty: Evidence from the quantile vector autoregression network	23
Residual state ownership, foreign ownership and firms' financing patterns	23
Antiquity, capitalism & development: The finance-growth perspective	23
Finance dependence and exchange rate pass-through: Empirical evidence from China	22
The Effects of Monetary Policy on Capital Flows: An Emerging Market Survey	22
Dynamic connectedness between global commodity sectors, news sentiment, and sub-Saharan African equities	21
Municipal governor turnovers and targeted poverty alleviation of listed private firms	21
The value of official business group affiliation: Evidence from a change in Korean chaebol designation policy	20
Financial crisis, global liquidity and trade credit channel: Evidence from Türkiye	20
Growth-mindset financial education and labor supply of low-income women: An RCT evidence from rural China	20
Trade liberalization, regional trade openness degree, and foreign direct investment:Evidence from China	19
Risk spillover of banking across regions: Evidence from the belt and road countries	18
Fintech competencies in emerging markets: Cognitive hybrid decision-making approach	18
CEO facial masculinity, fraud, and ESG: Evidence from South Korea	18
Editorial Board	17
Editorial Board	17
Central bank swap arrangements and exchange rate volatility: Evidence from China	17
Financial intermediation around national elections: Evidence of state-owned banks as credit smoothers	17
Corrigendum to “Do management climate change concerns mitigate greenwashing? Evidence from China” [Emerging Markets Review 67 (2025) 101308]	17
Does government transparency shape firm decentralization? Evidence from a natural experiment in China	17
Systemic risk spillovers and the determinants in the stock markets of the Belt and Road countries	17
The dog that didn't bite: Sudden Stops in Emerging and Developing Economies during COVID-19	17
A financial risk meter for China	16
Farm location and occupational choices in Sub-Saharan Africa: Implications for agricultural households in Tanzania	16
Do firms manipulate earnings after winning public-private partnership bids? Evidence from China	15
Turkey: From a thriving economic past towards a rugged future? - An empirical analysis on the Turkish financial markets	15
Family firms and risk taking: Does the integration of ESG practices matter?	15
Stock liquidity and investment efficiency: Evidence from the split-share structure reform in China	15
Heterogeneous uncertainty matters! Evidence based on firms' cost management decisions	15
Political favoritism towards resource allocation: Evidence of grants by natural science foundation in China	15
CEOs' hometown connections and corporate risk-taking: Evidence from China	15
Conditional dependence structure and risk spillovers between Bitcoin and fiat currencies	15
The effect of currency risk on crypto asset utilization in Türkiye	14
How does financial inclusion affect bank stability in emerging economies?	14
Greenium in the Chinese corporate bond market	14
Does asynchronous market update matter? Re-examining the price discovery of stock index and futures in China	14
Are business groups different from other family firms? Evidence from corporate investments during political uncertainty	14
Demographic transition and financial assets	14
Intangible assets, corporate tax credits and pharmaceutical establishments	14
How bilateral investment treaties affect cross-border mergers and acquisitions: Novel evidence from China's internationalization	13

Banking market power and its determinants: New insights from MENA countries	13
Board centrality and environmental disclosures: Evidence from the polluting Industries in China	13
Does political turnover affect corporate investment? Evidence from China	13
Interconnectedness and systemic risk in financial networks: Fresh evidence from India	13
Does the green loan policy boost greener production? – Evidence from Chinese firms	12
Air pollution, political costs, and earnings management	12
Factor investing in Brazil: Diversifying across factor tilts and allocation strategies	12
Uncertainty shocks and financial conditions in Latin-American countries	12
Editorial Board	12
The impact of health status on household portfolio efficiency: Insights from medical insurance	12
Machine learning and the cross-section of emerging market stock returns	12
Competition law reform and firm performance: Evidence from developing countries	12
On the communication efforts of the central banks in emerging economies: The case of India	11
FinTech: The disruptive force reducing bank competition pressure	11
Fintech business and corporate social responsibility practices	11
Corporate investment and shadow banking channel of monetary policy	11
Does a sustainability risk premium exist where it matters the most?	11
Women to women: Enabling innovation and firm performance in developing countries	11
Climate change, governance, and macroeconomic stability: Empirical analysis in a panel of African countries	11
Banking relationship and default priority in consumer credit: Evidence from Thai microdata	11
Spillover effects of the recent US monetary policy shocks on the South African economy: The role of monetary and fiscal policy coordination	10
Trade reform, infrastructure investment, and structural transformation in Africa: Evidence from Guinea-Bissau	10
Net privatisation prices in Brazil	10
The effects of decarbonization on corporate cash holdings	10
The impact of proximity within elite corporate networks on the Shariah governance-firm performance nexus: Evidence from the global Shariah elite	10
Unified or divided? Conflicting interests of controlling shareholders in corporate tax avoidance	10
Trade sanctions and global value chains: The role of financial development and capital openness in emerging markets	10
The impacts of green bonds on the green innovation: Evidence from the corporate green transformation in China	9
Stock market index enhancement via machine learning	9
Economic policy uncertainty, non-financial enterprises' shadow banking activities and stock price crash risk	9
FX-hedging for Latin American investors	9
Financial inclusion and women economic empowerment in Ghana	9
Corporate digital transformation and idiosyncratic risk: Based on corporate governance perspective	9
Impact of cultural trade on foreign direct investment: Evidence from China	8
Climate policy and China's external balances	8
How credit constrained are family-owned SMEs in Arab countries?	8
How effective is the cash conversion cycle in improving firm performance? Evidence from BRICS	8
Decentralized finance (literacy) today and in 2034: Initial insights from Singapore and beyond	8
Will Southeast Asia be the next global manufacturing hub? A multiway cointegration, causality, and dynamic connectedness analyses	8
IPOhelper: Mining features in registration statements for listing prediction of technological innovation companies	8
Evaluation of the space-time effects of Covid-19 on household loans and savings in Romania - A spatial panel data approach at county level	8
The clarity of monetary policy communication and financial market volatility in developing economies	7
Does party organization embeddedness boost corporate environmental performance?	7
Shadow banking and loan pricing of commercial banks: Evidence from China	7
To protect or to hide-an investigation on corporate redacted disclosure motives under new FAST act regulation	7
Tail-event driven NETwork dependence in emerging markets	7
Liquidity risk in FinTech lending: Early impact of the COVID-19 pandemic on the P2P lending market	7
Emerging equity markets in a globalized world	7
Different lies to different audiences: Tax avoidance versus earnings inflation	7
House price co-movement and labor migration: Evidence from China	7
The impact of currency depreciation and foreign exchange positions on bank lending: Evidence from an emerging market	7
Does financial liberalization reduce income inequality? Evidence from Africa	7
The intention to use cryptocurrency: A meta-analysis of what we know	7
Are FX communications effective? Evidence from emerging markets	7
Does compliance with screening standards affect the performance of firms?	7
Social progress, business formation, and access to investment capital	6
Evidence of arbitrage trading activity: The case of Chinese metal futures contracts	6
Origin matters: Institutional imprinting and family firm innovation in China	6
Optimal central banking policies: Envisioning the post-digital yuan economy with loan prime rate-setting	6
Interpersonal versus interbank lending networks: The role of intermediation in risk-sharing	6
How does technological progress affect provincial financial resilience? Evidence at the provincial level in China	6
Other people's money: A comparison of institutional investors	6
Editorial Board	6
Nonlinear network connectedness: Assessing financial risk transmission in MENA and influence of external financial conditions	6
Public bank lending in Africa in times of crisis	6
Enforcement actions and systemic risk	6
A machine learning approach for comparing the largest firm effect	6
Editorial Board	6
Climate risks, balance-of-payments constraints and central banking in emerging economies – Insights from Nigeria	6
Beyond religion and culture: The economic consequences of the institutionalization of sharia law	6
Digital divide and household portfolio investment efficiency: Evidence from China	6
Welcome letter from the editor-in-chief	6
Does bank efficiency affect the bank lending channel in China?	5
Star analyst activities and stock price synchronicity: Korean equity market reforms	5
Corrigendum to “Enforcement actions and systemic risk” [Emerging Markets Review 59 (2024) 101115]	5
Hidden costs of separation: Exploring the effect of left-behind experiences on financial market participation in China	5
Combating the rent-seeking among enterprises in China's emissions trading system	5
Effect of accounting information manipulation on innovation: Evidence from China	5
The impact of institutional investors' corporate site visits on corporate social responsibility	5
Bank branching deregulation and the credit risk of the regional banking sector: Evidence from city commercial banks in China	5

Corporate governance of weak stakeholders: Minority investors and investment efficiency	5
Risk substitution in cryptocurrencies: Evidence from BRICS announcements	5
Machine learning portfolios with equal risk contributions: Evidence from the Brazilian market	5
How does CEO famine experience affect corporate labour cost stickiness?	5
Editorial Board	5
Credit risk in Islamic microfinance institutions: The role of women, groups, and rural borrowers	5
Carbon emissions and audit fees: Evidence from emerging markets	5
Editorial Board	5
Central bank green communication and pollution premium: Evidence from China	5
Speculative trading, stock returns and asset pricing anomalies	5
Loan spreads over the credit cycle	5
Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic	5
CEO characteristics and capital structure dynamics: Evidence from a transitional economy	5
Integrity atmosphere and the cost of equity: Evidence from China	4
Collateral eligibility of credit claims and bank liquidity creation: Evidence from China	4
Growing pains: Vietnamese firms' operational efficiency and transition under the CPTPP	4
Culture imprint and gambling preference: Evidence from individual investors' trading in the Chinese stock market	4
Effect of climate-related risk on the costs of bank loans: Evidence from syndicated loan markets in emerging economies	4
Demographic shifts and the strategic use of flexible off-budget debt tools	4
Environmental regulations and innovation for sustainability? Moderating effect of political connections	4
How does Russia's economy affect the region? Transmission channels and policy options	4
Investment under anticorruption: Evidence from the high-profile anticorruption campaign in Vietnam	4
Regulators' work experience at local companies and SOEs' investment efficiency: Evidence from provincial SASAC leaders	4
Judicial Independence and corporate labor investment: Evidence from China	4
Spillovers of U.S. monetary policy uncertainty on inflation targeting emerging economies	4
Foreign exchange interventions and foreign shocks	4
Cash holdings of minority family businesses in Indonesia	4
Institutional conditions, economic policy uncertainty and foreign institutional investment in China	4
The Nexus among board diversity and bank stability: Implications from gender, nationality and education	4
Innovation spillovers within business groups: Evidence from Korean chaebols	3
Analysis of the performance of Islamic gold-backed cryptocurrencies during the bear market of 2020	3
Testing technical trading strategies on China's equity ETFs: A skewness perspective	3
Insider trading and information asymmetry: Evidence from the Korea Exchange	3
Social capital and cost of debt: Evidence from Chinese CEO network centrality	3
Cutting corners, cutting dividends: Evidence from reverse mergers in China	3
Doom loops in Latin America	3
CSR news and stock prices: A fine-grained analysis in an underexamined Muslim setting	3
Impact of asymmetry on exchange rate determination: The role of fundamentals	3
The moderating role of a corporate life cycle with the impact of economic value-added on corporate social responsibility: Evidence from China's listed companies	3
Dynamic financial connectedness among the US, China, and countries of the Belt and Road Initiative	3
Dynamics and predictability in informal currency markets: The case of the Cuban Peso	3
How stressed are the banks? An inter-temporal network analysis	3
In the radiance of enlightenment: The influence of nontheistic religions on corporate default risk	3
The cyclicality of official bilateral lending: Which cycle do flows follow?	3
Do corporate environmental violations affect trade credit? Evidence from China	3
Threshold effects, technology purchasing, and firm outcomes: An absorptive capacity perspective	3
Large state-owned shareholders and social insurance contributions in private firms: Evidence from China	3
Kuwait Stock Exchange: A re-examination of seasonal anomalies	3
Modelling the demand for financial assets: The case of Sri Lanka	3
From the core to the European periphery: Spillover effects of financial cycles	3
Diversification and financialization of non-financial corporations: Evidence from China	3
Credit financing, accounting quality and distress under financial turmoil: Evidence from small partnerships	3
Global value chains in sub-Saharan Africa: The role of business regulations, policies and institutions	3
Political capital and physical capital: Substitute or complement? Evidence from China's anti-corruption campaign	3
Chairperson's intra-country migrant marriage and corporate R&D investment: Evidence from Chinese family firms	3
Risk-sharing networks, consumption, and asset allocation: Micro-evidence from China	3
The spillover effects of China's monetary policy shock: Evidence from B&R countries	3
Optimizing systemic risk through credit network reconstruction	2
Ultimate government control and stock price crash risk: Evidence from China	2
The perils of popularity: Retail investor attention and misguided M&As	2
Bank liquidity and exposure to industry shocks: Evidence from Ukraine	2
How to reduce the default contagion risk of intercorporate credit guarantee networks? Evidence from China	2
Does corporate social responsibility benefit society? Evidence from Latin America	2
Learning by doing or catering: Firm-specific experience and analyst forecast accuracy	2
Your skin or mine: Ensuring the viability of a central counterparty	2
Editorial Board	2
Connectedness and risk spillovers among sub-Saharan Africa and MENA equity markets	2
Disruptive technology and audit risks: Evidence from FTSE 100 companies	2
Editorial for multi-source data-driven financial fraud risk analysis	2
Does fintech matter for financial inclusion and financial stability in BRICS markets?	2
Editorial Board	2
Untangling the finance-growth nexus: The dual role of financial development in the transmission of shocks	2
Artificial intelligence and corporate investment efficiency: Evidence from China	2
Executive overconfidence, corporate investment, and institutional ownership: Evidence from Vietnam	2
FinTech and the COVID-19 pandemic: Evidence from electronic payment systems	2
Multivariate dynamics between emerging markets and digital asset markets: An application of the SNP-DCC model	2
Effects of monetary policy news on financial assets: Evidence from Brazil on a bivariate VAR-GARCH model (2006–17)	2
Multibanking in microfinance yields positive performance: Evidence from Ecuadorian entrepreneurs	2
Enhancing bank liquidity creation through digital innovation: Exploring the impact of macroprudential policy sentiments	2
Dynamic volatility spillovers among commodities, bitcoin, and emerging markets	2
Dividend policy and religion: International evidence from firms with Islamic Label	2
The impact of corporate governance and state ownership on the default probabilities of Chinese firms	2
Institutional determinants of emerging market returns and flows	2
The evolution of consumption inequality and risk-insurance in Chile	2
Cloning success or falling into a trap: The role of a founder CEO in the corporate comeback again	2
Banks' leverage in foreign exchange derivatives in times of crisis: A tale of two countries	2
Venture capital investment in Latin America: The role of experience, distances, and network features	2
Monetary policy surprises and interest rates under China's evolving monetary policy framework	2
Mandatory disclosure and bank earnings management in India	2
Energy firms in emerging markets: Systemic risk and diversification opportunities	2
International reserves, currency depreciation and public debt: New evidence of buffer effects in Africa	2