OOIR: Observatory of International Research

Papers

(The TQCC of Borsa Istanbul Review is 10. 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 2020-04-01 to 2024-04-01.)

Article	Citations
The role of green finance in reducing CO2 emissions: An empirical analysis	244
Does green finance really deliver what is expected? An empirical perspective	120
Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries	91
The COVID-19 outbreak and high frequency information transmission between major cryptocurrencies: Evidence from the VAR-DCC-GARCH approach	85
Network analysis of global stock markets at the beginning of the coronavirus disease (Covid-19) outbreak	75
Global and country-specific geopolitical risk uncertainty and stock return of fragile emerging economies	71
Financial inclusion and stability in the Asian region using bank-level data	69
Business cycles and energy intensity. Evidence from emerging economies	64
Impact of ESG performance on firm value and profitability	64
ESG practices and corporate financial performance: Evidence from Borsa Istanbul	61
Can digital finance promote urban innovation? Evidence from China	59
Digital financial inclusion and sustainable employment: Evidence from countries along the belt and road	58
Policy uncertainty and Bitcoin returns	51
Does financial development matter for economic growth in the emerging markets?	50
Pandemics and the emerging stock markets	49
Does ownership concentration affect corporate environmental responsibility engagement? The mediating role of corporate leverage	48
Exploring market overreaction, investors’ sentiments and investment decisions in an emerging stock market	43
ESG performance, institutional investors’ preference and financing constraints: Empirical evidence from China	41
Promoting enterprise productivity: The role of digital transformation	40
Revisiting the nexus among foreign direct investment, corruption and growth in developing and developed markets	38
Sovereign credit risk and economic risk in Turkey: Empirical evidence from a wavelet coherence approach	38
Institutional quality and the financial inclusion-poverty alleviation link: Empirical evidence across countries	36
Financial stability of Asian Nations: Governance quality and financial inclusion	35
Volatility spillover effects between Islamic stock markets and exchange rates: Evidence from three emerging countries	35
Using quantum spherical fuzzy decision support system as a novel sustainability index approach for analyzing industries listed in the stock exchange	34

Intellectual capital efficiency and bank performance: Evidence from islamic banks	32
The role of audit quality in the ESG-corporate financial performance nexus: Empirical evidence from Western European companies	31
Commodity price shocks related to the war in Ukraine and exchange rates of commodity exporters and importers	29
The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being	28
Female CEOs and corporate investment efficiency: Evidence from China	27
The nexus between oil price and islamic stock markets in Africa: A wavelet and Multivariate-GARCH approach	27
Does ESG performance affect the financial performance of environmentally sensitive industries? A comparison between emerging and developed markets	25
Asymmetric volatility connectedness among main international stock markets: A high frequency analysis	25
Oil prices and the green bond market: Evidence from time-varying and quantile-varying aspects	25
The spillover effects of political risk, financial risk, and economic freedom on ecological footprint: Empirical evidence from Belt and Road Initiative countries	25
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
Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms	24
Testing the random walk hypothesis for leading cryptocurrencies	24
ESG, dividend payout policy and the moderating role of audit quality: Empirical evidence from Western Europe	24
The necessity of financial inclusion for enhancing the economic impacts of remittances	23
Does the islamic label indicate good environmental, social, and governance (ESG) performance? Evidence from sharia-compliant firms in Indonesia and Malaysia	23
The response of exchange rates to economic policy uncertainty: Evidence from Russia	22
Corporate cash holdings in emerging markets	21
Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis	21
Does Islamic microfinance serve maqāsid al-shari'a?	20
Environmental consequences of financial development in emerging and growth-leading economies: A multidimensional assessment	19
The impact of the global financial crisis on corporate cash holdings: Evidence from Eastern European countries	18
The impacts of foreign portfolio flows and monetary policy responses on stock markets by considering COVID-19 pandemic: Evidence from Turkey	18
The influence of country governance on the capital structure and investment financing decisions of firms: An international investigation	17
Towards sustainable financing models: A proof-of-concept for a waqf-based alternative financing model for renewable energy investments	17
Crash risk and ESG disclosure	16
Board gender diversity and stock price crash risk: Going beyond tokenism	16
Trustworthiness, good governance and risk taking in MENA countries	16
Time-varying propagations between oil market shocks and a stock market: Evidence from Turkey	16
How does the monetary transmission mechanism work? Evidence from Turkey	15
Do market differences matter on dividend policy?	15
Do precious metals hedge against global supply chain uncertainty?	15
The impact of air pollution on corporate cash holdings	15
Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors	15
Optimal hedge ratios and hedging effectiveness: An analysis of the Turkish futures market	14
Can ESG mitigate the diversification discount in cross-border M&A?	14
Do institutional investors drive the IPO valuation?	14
Emerging market portfolios and Islamic financial markets: Diversification benefits and safe havens	14
The effects of national culture on financial sector development: Evidence from emerging and developing economies	14
Institutional environment and determinants of adjustment speed to the target capital structure in the MENA region	14
Does air pollution matter in a supplier's trade credit strategy? Evidence from an emerging market	13
Does an Islamic-SRI portfolio really matter? Empirical application of valuation models in Indonesia	13
Dividend policy and earnings management: Do agency problem and financing constraints matter?	13
Examining the relationship between digital finance and financial inclusion: Evidence from MENA countries	13
Diversity and risk taking in Islamic banks: Does public listing matter?	13
Overconfidence bias and investment performance: A mediating effect of risk propensity	12
Green finance and green transition by enterprises: An exploration of market-oriented governance mechanisms	12
Short and long-term volatility transmission from oil to agricultural commodities – The robust quantile regression approach	12
Frequency connectedness and spillovers among oil and Islamic sector stock markets: Portfolio hedging implications	12
Finance, talent and income inequality: Cross-country evidence	12

Return and risk spillovers between the ESG global index and stock markets: Evidence from time and frequency analysis	12
Hedging Bitcoin with conventional assets	11
Internal and external corporate social responsibility activities and firm value: Evidence from the shared growth in the supply chain	11
The effect of the internal control regulation on reporting quality in China	11
Credit portfolio optimization: A multi-objective genetic algorithm approach	11
Dimensions of global financial inclusion and their impact on the achievement of the United Nations Development Goals	11
The nexus between asymmetric financial inclusion and economic growth: Evidence from the top 10 financially inclusive economies	10
The effect of private pension scheme on savings: A case study for Turkey	10
The causal linkages between investor sentiment and excess returns on Borsa Istanbul	10
How does corporate social performance affect investment inefficiency? An empirical study of China market	10
Investigating the volatility spillover effect between derivative markets and spot markets via the wavelets: The case of Borsa İstanbul	10
Covid-19 pandemic, asset prices, risks, and their convergence: A survey of Islamic and G7 stock market, and alternative assets	10
Determinants of corporate carbon disclosure: A step towards sustainability reporting	10
Investor sentiment, corporate social responsibility, and financial performance: Evidence from Japanese companies	10
Impact of financial development on sentiment-return relationship: Insight from Asia-Pacific markets	10
Earnings management and theoretical adjustment in capital structure performance pattern: Evidence from APTA economies	10
Value drivers of startup valuation from venture capital equity-based investing: A global analysis with a focus on technological factors	10