Borsa Istanbul Review

Papers
(The median citation count of Borsa Istanbul Review is 3. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2020-02-01 to 2024-02-01.)
ArticleCitations
The role of green finance in reducing CO2 emissions: An empirical analysis223
Does green finance really deliver what is expected? An empirical perspective114
Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries86
The COVID-19 outbreak and high frequency information transmission between major cryptocurrencies: Evidence from the VAR-DCC-GARCH approach79
Network analysis of global stock markets at the beginning of the coronavirus disease (Covid-19) outbreak74
Global and country-specific geopolitical risk uncertainty and stock return of fragile emerging economies65
Financial inclusion and stability in the Asian region using bank-level data64
Business cycles and energy intensity. Evidence from emerging economies62
ESG practices and corporate financial performance: Evidence from Borsa Istanbul55
Digital financial inclusion and sustainable employment: Evidence from countries along the belt and road51
Policy uncertainty and Bitcoin returns50
Can digital finance promote urban innovation? Evidence from China48
Pandemics and the emerging stock markets47
Does financial development matter for economic growth in the emerging markets?47
Impact of ESG performance on firm value and profitability46
Does ownership concentration affect corporate environmental responsibility engagement? The mediating role of corporate leverage45
Economic development, financial development, and income inequality nexus44
Exploring market overreaction, investors’ sentiments and investment decisions in an emerging stock market40
Sovereign credit risk and economic risk in Turkey: Empirical evidence from a wavelet coherence approach38
Promoting enterprise productivity: The role of digital transformation35
Revisiting the nexus among foreign direct investment, corruption and growth in developing and developed markets34
Volatility spillover effects between Islamic stock markets and exchange rates: Evidence from three emerging countries33
Simulations of US-Iran war and its impact on global oil price behavior32
Institutional quality and the financial inclusion-poverty alleviation link: Empirical evidence across countries31
Financial stability of Asian Nations: Governance quality and financial inclusion31
Using quantum spherical fuzzy decision support system as a novel sustainability index approach for analyzing industries listed in the stock exchange31
Intellectual capital efficiency and bank performance: Evidence from islamic banks30
Commodity price shocks related to the war in Ukraine and exchange rates of commodity exporters and importers28
ESG performance, institutional investors’ preference and financing constraints: Empirical evidence from China27
Female CEOs and corporate investment efficiency: Evidence from China27
The nexus between oil price and islamic stock markets in Africa: A wavelet and Multivariate-GARCH approach26
The role of audit quality in the ESG-corporate financial performance nexus: Empirical evidence from Western European companies26
Risk transmissions between sectoral Islamic and conventional stock markets during COVID-19 pandemic: What matters more between actual COVID-19 occurrence and speculative and sentiment factors?24
The spillover effects of political risk, financial risk, and economic freedom on ecological footprint: Empirical evidence from Belt and Road Initiative countries24
Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms23
Testing the random walk hypothesis for leading cryptocurrencies23
Performance analysis of Islamic and conventional portfolios: The emerging markets case23
Does the islamic label indicate good environmental, social, and governance (ESG) performance? Evidence from sharia-compliant firms in Indonesia and Malaysia22
The necessity of financial inclusion for enhancing the economic impacts of remittances22
Financial structure and economic growth nexus revisited21
Oil prices and the green bond market: Evidence from time-varying and quantile-varying aspects21
Asymmetric volatility connectedness among main international stock markets: A high frequency analysis21
The response of exchange rates to economic policy uncertainty: Evidence from Russia21
Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis21
Corporate cash holdings in emerging markets20
ESG, dividend payout policy and the moderating role of audit quality: Empirical evidence from Western Europe20
Does Islamic microfinance serve maqāsid al-shari'a?19
The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being18
Environmental consequences of financial development in emerging and growth-leading economies: A multidimensional assessment18
The impact of the global financial crisis on corporate cash holdings: Evidence from Eastern European countries17
Board gender diversity and stock price crash risk: Going beyond tokenism16
Time-varying propagations between oil market shocks and a stock market: Evidence from Turkey16
The impacts of foreign portfolio flows and monetary policy responses on stock markets by considering COVID-19 pandemic: Evidence from Turkey16
Predicting IPO initial returns using random forest15
How does the monetary transmission mechanism work? Evidence from Turkey15
Do market differences matter on dividend policy?15
Trustworthiness, good governance and risk taking in MENA countries15
Institutional environment and determinants of adjustment speed to the target capital structure in the MENA region14
Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors14
The influence of country governance on the capital structure and investment financing decisions of firms: An international investigation14
Emerging market portfolios and Islamic financial markets: Diversification benefits and safe havens14
Do institutional investors drive the IPO valuation?14
Towards sustainable financing models: A proof-of-concept for a waqf-based alternative financing model for renewable energy investments14
Optimal hedge ratios and hedging effectiveness: An analysis of the Turkish futures market13
Can ESG mitigate the diversification discount in cross-border M&A?13
Does ESG performance affect the financial performance of environmentally sensitive industries? A comparison between emerging and developed markets13
The impact of air pollution on corporate cash holdings13
The effects of national culture on financial sector development: Evidence from emerging and developing economies13
Crash risk and ESG disclosure13
Dividend policy and earnings management: Do agency problem and financing constraints matter?12
Does an Islamic-SRI portfolio really matter? Empirical application of valuation models in Indonesia12
Short and long-term volatility transmission from oil to agricultural commodities – The robust quantile regression approach12
Does air pollution matter in a supplier's trade credit strategy? Evidence from an emerging market12
Finance, talent and income inequality: Cross-country evidence12
Diversity and risk taking in Islamic banks: Does public listing matter?12
Credit portfolio optimization: A multi-objective genetic algorithm approach11
Return and risk spillovers between the ESG global index and stock markets: Evidence from time and frequency analysis11
The importance of trust distance on stock market correlation: Evidence from emerging economics11
The effect of the internal control regulation on reporting quality in China11
Hedging Bitcoin with conventional assets11
Examining the relationship between digital finance and financial inclusion: Evidence from MENA countries11
Earnings management and theoretical adjustment in capital structure performance pattern: Evidence from APTA economies10
How does corporate social performance affect investment inefficiency? An empirical study of China market10
Overconfidence bias and investment performance: A mediating effect of risk propensity10
Impact of financial development on sentiment-return relationship: Insight from Asia-Pacific markets10
Internal and external corporate social responsibility activities and firm value: Evidence from the shared growth in the supply chain10
The effect of private pension scheme on savings: A case study for Turkey10
Dependence structure across equity sectors: Evidence from vine copulas9
Value drivers of startup valuation from venture capital equity-based investing: A global analysis with a focus on technological factors9
Capital flows under global uncertainties: Evidence from Turkey9
The causal linkages between investor sentiment and excess returns on Borsa Istanbul9
Investor sentiment, corporate social responsibility, and financial performance: Evidence from Japanese companies9
Board age and value diversity: Evidence from a collectivistic and paternalistic culture9
Determinants of corporate carbon disclosure: A step towards sustainability reporting9
Investigating the volatility spillover effect between derivative markets and spot markets via the wavelets: The case of Borsa İstanbul9
Green finance and green transition by enterprises: An exploration of market-oriented governance mechanisms9
Testing the pecking order theory of capital structure: Evidence from Turkey using panel quantile regression approach8
The impact of corruption on the performance of newly established enterprises: Empirical evidence from a transition economy8
Does innovation in environmental, social, and governance disclosures pay off in China? An integrated reporting perspective8
Frequency connectedness and spillovers among oil and Islamic sector stock markets: Portfolio hedging implications8
Does managerial ability transform organization from the inside out? Evidence from sustainability performance of financially constrained firms in an emerging economy8
The effect of product market competition on stability and capital ratio of banks in Southeast Asian countries8
Market multiples and stock returns among emerging and developed financial markets8
COVID-19 and connectedness between Sustainable and Islamic equity markets8
The nexus between asymmetric financial inclusion and economic growth: Evidence from the top 10 financially inclusive economies8
A new multivariate approach for assessing corporate financial risk using balance sheets8
Global financial cycles and exchange rate forecast: A factor analysis7
The impact of investor sentiment on returns, cash flows, discount rates, and performance7
Testing the validity of purchasing power parity in alternative markets: Evidence from the fourier quantile unit root test7
Dimensions of global financial inclusion and their impact on the achievement of the United Nations Development Goals7
Covid-19 pandemic, asset prices, risks, and their convergence: A survey of Islamic and G7 stock market, and alternative assets7
Spillovers between Twitter Uncertainty Indexes and sector indexes: Evidence from the US7
What are the effects of financial stress on economic activity and government debt? An empirical examination in an emerging economy7
Do financial inclusion and income inequality matter for human capital? Evidence from sub-Saharan economies7
Directional predictability in foreign exchange rates of emerging markets: New evidence using a cross-quantilogram approach7
Investors’ net buying pressure and implied volatility dynamics7
Corporate social responsibility disclosure and financial reporting quality: Evidence from Gulf Cooperation Council countries6
Frontier economies and economic growth: Evidence from European and Central Asian Countries6
Political uncertainty of impeachment upon corporate investment decisions6
Realized volatility transmission within Islamic stock markets: A multivariate HAR-GARCH-type with nearest neighbor truncation estimator6
The portfolios with strong brand value: More returns? Lower risk?6
Pricing the common stocks in an emerging capital market: Comparison of the factor models6
Further evidence on co-movement between equity funds and business cycle variables in BRICS: A Wavelet analysis6
Concentration, capital, and bank stability in emerging and developing countries6
Trustworthiness and margins in Islamic small business financing: Evidence from Indonesia6
Oil assets and portfolio diversification: Firm-level analysis for Borsa Istanbul6
Financial constraints and firm employment: Evidence from Turkey6
The day of the week effect and interest rates6
Stock liquidity, stock price crash risk, and foreign ownership6
How does corporate social responsibility affect the cost of equity capital through operating risk?6
Asymmetric volatility transmission across Northeast Asian stock markets6
CEE and SEE equity market return spillovers: Creating profitable investment strategies6
The impact of corporate political activity on innovation in Sub-Saharan African countries: A double-edged sword6
Does stock market listing boost or impede corporate investment?5
How do market capitalization and intellectual capital determine industrial investment?5
The impact of universal banking on macroeconomic dynamics: A nonlinear local projection approach5
Information cascades, short-selling constraints, and herding in equity markets5
The impact of fintech and banks M&A on Acquirer's performance: A strategic win or loss?5
The relationship between global wealth and happiness: An analytical study of returns and volatility spillovers5
Hedging Dow Jones Islamic and conventional emerging market indices with CDS, oil, gold and the VSTOXX: A comparison between DCC, ADCC and GO-GARCH models5
Democracy and corporate R&D investment5
Testing mispricing-augmented factor models in an emerging market: A quest for parsimony5
Venture capital healthcare investments and health care sector growth: A panel data analysis of Europe5
Voluntary carbon market derivatives: Growth, innovation & usage5
Do precious metals hedge against global supply chain uncertainty?5
Investors' personal characteristics and trading decisions under distressed market conditions5
Corporate growth – Trade credit relationship: Evidence from a panel of countries5
On systemic risk contagion in the euro area: Evidence from frequency connectedness and the DY approaches5
Performance of islamic vs conventional banks in OIC countries: Resilience and recovery during Covid-195
Dividend payout policies of politically connected firms: Evidence from Malaysia5
How does green finance asymmetrically affect greenhouse gas emissions? Evidence from the top-ten green bond issuer countries4
Sukuk versus bonds: New evidence from the primary market4
The relative importance of textual indexes in predicting the future performance of banks: A connection weight approach4
The value relevance of risk-related disclosure: Does the tone of disclosure matter?4
Investor psychology in the stock market: An empirical study of the impact of overconfidence on firm valuation4
A comparison of bid-ask spread proxies and determinants of bond bid-ask spread4
Bank market power and discouraged SMEs: International evidence4
How investor attention affects stock returns? Some international evidence4
Underpricing and aftermarket performance of IPOs during the Covid-19 period: Evidence from Istanbul stock exchange4
Influences of Taiwan's corporate social responsibility report management policy on the information transparency of its capital market4
Effect of analysts' earnings pressure on environmental information disclosure of firms: Can corporate governance alleviate the earnings obsession?4
The momentum effect in the Tunisian stock market: Risk hypothesis vs. underreaction hypothesis4
Food insecurity and sovereignty threat to uncontrolled price spillover effects in financialized agricultural products: The red meat case in Turkiye4
Does information communication promote financial development? Empirical evidence from China4
Do analysts pay attention to managerial sentiment? Evidence from analysts' following decisions and earnings forecasts3
What drives US stock markets during the COVID-19 pandemic? A global sensitivity analysis3
Oil and GCC foreign exchange forward markets: A wavelet analysis3
Who affects whom? Impact of the national culture of international audit firms and their affiliates on the financial reporting quality of audit clients3
The effect of managerial ability on voluntary disclosure of carbon emissions3
Does FinTech penetration drive financial development? Evidence from panel analysis of emerging and developing economies3
Leveraging financial inclusion through Islamic microfinance: A new model proposal for participation banks in Turkiye3
Institutional shareholding and the dividend payout policy of Islamic mutual funds: Evidence from international Islamic funds industry3
International financial integration: Too much?3
Is excess of everything bad? Ramifications of excess liquidity on bank stability: Evidence from the dual banking system3
Does auditing multiple clients affiliated with the same business group reduce audit quality? Evidence from an emerging market3
Robo-Sukuk pricing for Chinese equities3
Exchange rate uncertainty and the connectedness of inflation3
Determinants of a global financial center: An exploratory analysis3
Effects of commodity exchange-traded note introductions: Adjustment for seasonality3
Turkish IPOs in a changing regulatory and economic environment3
An agent-based model of financial market efficiency dynamics3
Is short-term debt a substitute for or complementary to good governance?3
Earnings management uncertainty, implicit guarantees, and the corporate bond yield spread: Evidence from China3
The grass is greener on the other side: Comparison of green versus brown corporate bonds3
Employee turnover and the credit risk of microfinance institutions (MFIs): International evidence3
0.019062042236328