OOIR: Observatory of International Research

Papers

(The TQCC of Borsa Istanbul Review is 11. 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 2020-11-01 to 2024-11-01.)

Article	Citations
The role of green finance in reducing CO2 emissions: An empirical analysis	316
Does green finance really deliver what is expected? An empirical perspective	164
Impact of ESG performance on firm value and profitability	141
Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries	114
The COVID-19 outbreak and high frequency information transmission between major cryptocurrencies: Evidence from the VAR-DCC-GARCH approach	93
Financial inclusion and stability in the Asian region using bank-level data	92
Network analysis of global stock markets at the beginning of the coronavirus disease (Covid-19) outbreak	88
ESG practices and corporate financial performance: Evidence from Borsa Istanbul	85
Can digital finance promote urban innovation? Evidence from China	79
ESG performance, institutional investors’ preference and financing constraints: Empirical evidence from China	70
Digital financial inclusion and sustainable employment: Evidence from countries along the belt and road	69
Business cycles and energy intensity. Evidence from emerging economies	68
Promoting enterprise productivity: The role of digital transformation	61
Does financial development matter for economic growth in the emerging markets?	60
Does ownership concentration affect corporate environmental responsibility engagement? The mediating role of corporate leverage	58
Intellectual capital efficiency and bank performance: Evidence from islamic banks	52
Institutional quality and the financial inclusion-poverty alleviation link: Empirical evidence across countries	52
Pandemics and the emerging stock markets	51
The role of audit quality in the ESG-corporate financial performance nexus: Empirical evidence from Western European companies	51
The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being	50
Does ESG performance affect the financial performance of environmentally sensitive industries? A comparison between emerging and developed markets	46
Revisiting the nexus among foreign direct investment, corruption and growth in developing and developed markets	45
Using quantum spherical fuzzy decision support system as a novel sustainability index approach for analyzing industries listed in the stock exchange	41
Commodity price shocks related to the war in Ukraine and exchange rates of commodity exporters and importers	41
Financial stability of Asian Nations: Governance quality and financial inclusion	40

Volatility spillover effects between Islamic stock markets and exchange rates: Evidence from three emerging countries	38
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?	34
Female CEOs and corporate investment efficiency: Evidence from China	34
Does the islamic label indicate good environmental, social, and governance (ESG) performance? Evidence from sharia-compliant firms in Indonesia and Malaysia	34
Testing the random walk hypothesis for leading cryptocurrencies	34
ESG, dividend payout policy and the moderating role of audit quality: Empirical evidence from Western Europe	34
Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms	33
Examining the relationship between digital finance and financial inclusion: Evidence from MENA countries	33
The spillover effects of political risk, financial risk, and economic freedom on ecological footprint: Empirical evidence from Belt and Road Initiative countries	32
Asymmetric volatility connectedness among main international stock markets: A high frequency analysis	32
Oil prices and the green bond market: Evidence from time-varying and quantile-varying aspects	32
The necessity of financial inclusion for enhancing the economic impacts of remittances	30
The response of exchange rates to economic policy uncertainty: Evidence from Russia	28
Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis	26
Environmental consequences of financial development in emerging and growth-leading economies: A multidimensional assessment	26
Do precious metals hedge against global supply chain uncertainty?	24
Corporate cash holdings in emerging markets	24
The impacts of foreign portfolio flows and monetary policy responses on stock markets by considering COVID-19 pandemic: Evidence from Turkey	23
Does Islamic microfinance serve maqāsid al-shari'a?	22
Crash risk and ESG disclosure	22
The impact of the global financial crisis on corporate cash holdings: Evidence from Eastern European countries	21
The impact of air pollution on corporate cash holdings	20
The influence of country governance on the capital structure and investment financing decisions of firms: An international investigation	20
Diversity and risk taking in Islamic banks: Does public listing matter?	20
Return and risk spillovers between the ESG global index and stock markets: Evidence from time and frequency analysis	19
Optimal hedge ratios and hedging effectiveness: An analysis of the Turkish futures market	18
Determinants of corporate carbon disclosure: A step towards sustainability reporting	18
Trustworthiness, good governance and risk taking in MENA countries	18
Towards sustainable financing models: A proof-of-concept for a waqf-based alternative financing model for renewable energy investments	18
Board gender diversity and stock price crash risk: Going beyond tokenism	18
Dividend policy and earnings management: Do agency problem and financing constraints matter?	17
Frequency connectedness and spillovers among oil and Islamic sector stock markets: Portfolio hedging implications	17
Emerging market portfolios and Islamic financial markets: Diversification benefits and safe havens	17
Do market differences matter on dividend policy?	17
Overconfidence bias and investment performance: A mediating effect of risk propensity	17
Green finance and green transition by enterprises: An exploration of market-oriented governance mechanisms	17
Dimensions of global financial inclusion and their impact on the achievement of the United Nations Development Goals	17
Investor sentiment, corporate social responsibility, and financial performance: Evidence from Japanese companies	16
Does innovation in environmental, social, and governance disclosures pay off in China? An integrated reporting perspective	16
How does the monetary transmission mechanism work? Evidence from Turkey	16
Can ESG mitigate the diversification discount in cross-border M&A?	16
Does an Islamic-SRI portfolio really matter? Empirical application of valuation models in Indonesia	16
Does air pollution matter in a supplier's trade credit strategy? Evidence from an emerging market	16
Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors	16
Corporate ESG investments and Firm's value under the real-option framework: Evidence from two world-leading economies	15
Do financial inclusion and income inequality matter for human capital? Evidence from sub-Saharan economies	15
Short and long-term volatility transmission from oil to agricultural commodities – The robust quantile regression approach	15
The impact of fintech and banks M&A on Acquirer's performance: A strategic win or loss?	15
Earnings management and theoretical adjustment in capital structure performance pattern: Evidence from APTA economies	15
Do institutional investors drive the IPO valuation?	15

Stock liquidity, stock price crash risk, and foreign ownership	14
Covid-19 pandemic, asset prices, risks, and their convergence: A survey of Islamic and G7 stock market, and alternative assets	14
Fintech adoption, the regulatory environment and bank stability: An empirical investigation from GCC economies	14
The impact of corruption on the performance of newly established enterprises: Empirical evidence from a transition economy	14
Corporate social responsibility disclosure and financial reporting quality: Evidence from Gulf Cooperation Council countries	14
Does managerial ability transform organization from the inside out? Evidence from sustainability performance of financially constrained firms in an emerging economy	14
Dependence structure across equity sectors: Evidence from vine copulas	14
Firm climate change risk and financial flexibility: Drivers of ESG performance and firm value	14
The effects of national culture on financial sector development: Evidence from emerging and developing economies	14
Finance, talent and income inequality: Cross-country evidence	14
Synergy between stock prices and investor sentiment in social media	14
Investor psychology in the stock market: An empirical study of the impact of overconfidence on firm valuation	14
Credit portfolio optimization: A multi-objective genetic algorithm approach	13
COVID-19 and connectedness between Sustainable and Islamic equity markets	13
The nexus between asymmetric financial inclusion and economic growth: Evidence from the top 10 financially inclusive economies	13
Hedging Bitcoin with conventional assets	13
How investor attention affects stock returns? Some international evidence	12
Internal and external corporate social responsibility activities and firm value: Evidence from the shared growth in the supply chain	12
The effect of the internal control regulation on reporting quality in China	12
How do market capitalization and intellectual capital determine industrial investment?	12
How does environmental, social, and governance (ESG) performance determine investment mix? New empirical evidence from BRICS	12
Spillovers between Twitter Uncertainty Indexes and sector indexes: Evidence from the US	11
Value drivers of startup valuation from venture capital equity-based investing: A global analysis with a focus on technological factors	11
A new multivariate approach for assessing corporate financial risk using balance sheets	11
Directional predictability in foreign exchange rates of emerging markets: New evidence using a cross-quantilogram approach	11
Does FinTech penetration drive financial development? Evidence from panel analysis of emerging and developing economies	11
Firm-specific or market-wide information: How does analyst coverage influence stock price synchronicity?	11
Investigating the volatility spillover effect between derivative markets and spot markets via the wavelets: The case of Borsa İstanbul	11
Board age and value diversity: Evidence from a collectivistic and paternalistic culture	11
Trustworthiness and margins in Islamic small business financing: Evidence from Indonesia	11
How does corporate social performance affect investment inefficiency? An empirical study of China market	11
Market multiples and stock returns among emerging and developed financial markets	11
Concentration, capital, and bank stability in emerging and developing countries	11