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 2021-04-01 to 2025-04-01.)

Article	Citations
Corporate environmental, social, and governance activities and financial reporting quality: An international investigation	380
Do manager networks affect the efficiency of capital markets? Empirical research based on social network theory	247
Do psychological factors exert greater influence on investment decisions than physiological factors? Evidence from Borsa Istanbul	209
Trading halts and the advantage of institutional investors: Historical evidence from Borsa Istanbul	150
If Money Talks: Climate change-related regulation and firms’ cost of debt	108
Editorial Board	104
Does cross-listing on the Hong Kong stock exchange affect Chinese firms’ green innovation? New evidence	103
Can common institutional ownership constrain the equity pledges of controlling shareholders? Evidence from Chinese listed companies	94
Threshold effects of institutional quality on the financial inclusion and stability nexus: International evidence	88
Evolving roles of energy futures markets: A survey	80
Dynamic dependence between sectoral indexes of BRIC countries and the baltic dirty tanker index: An investigation using the generalized R2 approach	72
When to bet against beta? Ask Google	72
Is ESG investing an ‘equity vaccine’ in times of crisis? Evidence from the 2020 Wuhan Lockdown and the 2022 Shanghai Lockdown	71
Links between US and Turkish agricultural commodity Markets: Nonlinear dependence and tail risk	70
Frequency connectedness and spillovers among oil and Islamic sector stock markets: Portfolio hedging implications	66
Testing mispricing-augmented factor models in an emerging market: A quest for parsimony	64
Does information communication promote financial development? Empirical evidence from China	62
A Pandemic's grip: Volatility spillovers in Asia-Pacific equity markets during the onset of Covid-19	56
An agent-based model of financial market efficiency dynamics	54
Does institutional investor cross holding create synergy? Evidence from the cost of equity	52
The effect of the internal control regulation on reporting quality in China	49
Confucian culture and informal household financing: Evidence from China's counties	46
The effects of chief executive officer gender on firm labor investment efficiency	45
What does currency order flow tell about spot exchange rates of Asian emerging markets?	42
Sweetness by the pound: Sugar and currency correlations in pre-Brexit UK prices	41

Do financial inclusion and income inequality matter for human capital? Evidence from sub-Saharan economies	41
Green leading institutions and corporate green innovation: Legitimacy or efficiency?	40
Does promoter holding affect financed payout of dividends?	40
The necessity of financial inclusion for enhancing the economic impacts of remittances	39
Do market differences matter on dividend policy?	38
Commodity market dynamics: Who's behind booms and busts?	38
Influences of Taiwan's corporate social responsibility report management policy on the information transparency of its capital market	38
Is excess of everything bad? Ramifications of excess liquidity on bank stability: Evidence from the dual banking system	36
Does the trading volume of asset management companies’ bonds contain information on non-performing loans?	33
Oil and GCC foreign exchange forward markets: A wavelet analysis	33
Oil hedging with a multivariate semiparametric value-at-risk portfolio	32
The GCC's regional roller coaster: Do regional factors affect stock market dynamics in the GCC Region? Evidence from non-parametric quantile regression	31
The impact of religious announcements on stock prices and investment decisions on the Saudi stock exchange	31
Asymmetric volatility connectedness among main international stock markets: A high frequency analysis	31
What do we know about the relationship between banks’ risk measures and social-environmental sustainability transparency?	30
Food insecurity and sovereignty threat to uncontrolled price spillover effects in financialized agricultural products: The red meat case in Turkiye	30
Turkish IPOs in a changing regulatory and economic environment	29
Shareholding control, ownership concentration, and the value of the Brazilian firm	26
Information diffusion, trading speed and their potential impact on price efficiency – Literature review	26
Cross-border sovereign risk transmission in BRICIT Nations: Unveiling asymmetries and the role of country risk premiums	26
Contribution to the measurement of digital financial inclusion in Sub-Saharan Africa	25
Heterogeneity and nonlinearity in the relationship between rediscount credits and firm exports	25
Relationship between monetary policy and financial asset returns in Türkiye: Time, frequency, and quantile-based effects	24
Do industries lead the stock market? Evidence from an emerging stock market	24
Underpricing and aftermarket performance of IPOs during the Covid-19 period: Evidence from Istanbul stock exchange	24
From diversity to sustainability: How board meeting frequency, financial performance and foreign members enhance the board gender diversity – ESG performance link	24
Do subsidized export credits affect firms’ behavior in the FX market? Micro evidence from Türkiye	24
A retrospective evaluation of Borsa Istanbul review using a machine learning data analytical approach	23
Does environmental concern drive financial assets? Evidence from China	23
Steadfast in crisis: Can Islamic finance enhance Cameroonian SMEs’ resilience strategies against the COVID-19 pandemic and the Russia/Ukraine war?	22
The impact of personality, behavior, and geography on participation in the private pension system in Türkiye: A machine learning approach	22
Does the islamic label indicate good environmental, social, and governance (ESG) performance? Evidence from sharia-compliant firms in Indonesia and Malaysia	21
The value relevance of risk-related disclosure: Does the tone of disclosure matter?	21
Toward greater stability in stablecoins: Empirical evidence from an analysis of precious metals	21
Geopolitical risks and the energy-stock market nexus: Evidence from Turkiye	21
Examining the relationship between digital finance and financial inclusion: Evidence from MENA countries	20
ESG activities and financial stability: The case of Korean financial firms	20
Socially responsible engagement and firm performance in emerging markets: Testing the mediating effect of intellectual capital	20
The impact of non-performing loan sales on the stock market: The role of corporate governance in an emerging market	20
Quantile-based extended joint connectedness between trade policy uncertainty and GCC Islamic stock sectoral volatility	20
The impact of technology export regulations on corporate R&D investments	19
Dimensions of global financial inclusion and their impact on the achievement of the United Nations Development Goals	19
From Brown to green: Exploring asymmetric nexus between green finance and carbon footprint in BRICS+6 alliance	19
Hedging Bitcoin with conventional assets	19
Derivatives holdings and bank systemic risk: Cross-country evidence	19
The role of corporate governance in the nexus between litigation risk and corporate innovation	18
Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms	18
Blockchain mania: A perspective on corporate executive opportunism	18
Reverse technological spillovers from outward FDI on home countries’ total factor productivity: Does the mode of investment matter?	17
The impact of the global financial crisis on corporate cash holdings: Evidence from Eastern European countries	17

ESG performance and organizational resilience ——based on an “extreme heat event”	17
A new multivariate approach for assessing corporate financial risk using balance sheets	17
Firm climate change risk and financial flexibility: Drivers of ESG performance and firm value	17
ESG, dividend payout policy and the moderating role of audit quality: Empirical evidence from Western Europe	17
Return and risk spillovers between the ESG global index and stock markets: Evidence from time and frequency analysis	16
ESG performance, institutional investors’ preference and financing constraints: Empirical evidence from China	16
Generational theory of behavioral biases in investment behavior	16
How does environmental, social, and governance (ESG) performance determine investment mix? New empirical evidence from BRICS	16
The impact of ESG controversies on the financial performance of firms: An analysis of industry and country clusters	16
Does an Islamic-SRI portfolio really matter? Empirical application of valuation models in Indonesia	16
Towards sustainable financing models: A proof-of-concept for a waqf-based alternative financing model for renewable energy investments	15
The role of financial and trade globalization in enhancing environmental sustainability: Evaluating the effectiveness of carbon taxation and renewable energy in EU member countries	15
Financial literacy among Chinese rural households and its impact on stock-market participation	15
Price prediction of the Borsa Istanbul banks index with traditional methods and artificial neural networks	15
Asset allocation models for big tech stocks: The importance of lower partial moments and short length windows	15
Investor psychology in the stock market: An empirical study of the impact of overconfidence on firm valuation	15
Idiosyncratic risk puzzle and its pricing: Do firm characteristics matter? Evidence of BRICS countries	14
Shadow banking Regulation and the stock price synchronicity --A quasi-natural experiment based on China's new asset management regulation	14
The impact of non-financial disclosure on labor investment: International evidence	14
A novel distance-based moving average model for improvement in the predictive accuracy of financial time series	14
Does financial liberalization spur economic growth? A meta-analysis	14
Short selling and trade credit: New evidence	14
The agency cost of investing in ethical funds: A style analysis approach	13
What drives US stock markets during the COVID-19 pandemic? A global sensitivity analysis	13
Tax expense surprise and emerging markets equity returns	13
Access to an educated workforce and the performance of private firms during the COVID-19 pandemic	13
Correlated information consumption and comovement in the stock market	12
Democracy and corporate R&D investment	12
The relationship between long-term portfolio investments and growth in the context of asset characteristics and development level	12
Factors affecting the credibility of islamic banking Sharī’ah approvals: Perception-based empirical study	12
Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors	11
Cultural proximity, venture capital and firm performance	11
Common institutional ownership and investment efficiency: Empirical evidence from China	11
Market- and future-level sentiment and futures returns in Chinese agricultural futures markets	11
Determinants of ICO success and post-ICO performance	11
International financial integration: Too much?	11
Bank contribution to financial sector systemic risk and expected returns: Evidence from large U.S. banks	11
Asymmetric TVP-VAR connectedness between highly traded commodities and hedging strategies: Evidence from major contagions	11
Antigambling interventions and corporate financialization: Evidence from China	11
Exploring the Gaussian investor sentiment process	11
Financial risk tolerance and its determinants: The perspective of personnel from security services in Ghana	11
Testing asset pricing models with individual stocks: An instrumental variables approach	11
CDS risk premia forecasting with multi-featured deep RNNs: An application on BR[I]CS countries	11