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 2020-07-01 to 2024-07-01.)

Article	Citations
The role of green finance in reducing CO2 emissions: An empirical analysis	291
Does green finance really deliver what is expected? An empirical perspective	145
Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries	108
Impact of ESG performance on firm value and profitability	96
The COVID-19 outbreak and high frequency information transmission between major cryptocurrencies: Evidence from the VAR-DCC-GARCH approach	91
Global and country-specific geopolitical risk uncertainty and stock return of fragile emerging economies	82
Network analysis of global stock markets at the beginning of the coronavirus disease (Covid-19) outbreak	78
Financial inclusion and stability in the Asian region using bank-level data	77
ESG practices and corporate financial performance: Evidence from Borsa Istanbul	73
Can digital finance promote urban innovation? Evidence from China	69
Digital financial inclusion and sustainable employment: Evidence from countries along the belt and road	67
Business cycles and energy intensity. Evidence from emerging economies	66
Does financial development matter for economic growth in the emerging markets?	58
Policy uncertainty and Bitcoin returns	54
Promoting enterprise productivity: The role of digital transformation	54
ESG performance, institutional investors’ preference and financing constraints: Empirical evidence from China	53
Exploring market overreaction, investors’ sentiments and investment decisions in an emerging stock market	52
Does ownership concentration affect corporate environmental responsibility engagement? The mediating role of corporate leverage	52
Pandemics and the emerging stock markets	50
Intellectual capital efficiency and bank performance: Evidence from islamic banks	45
Institutional quality and the financial inclusion-poverty alleviation link: Empirical evidence across countries	43
Revisiting the nexus among foreign direct investment, corruption and growth in developing and developed markets	42
The role of audit quality in the ESG-corporate financial performance nexus: Empirical evidence from Western European companies	41
The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being	39
Using quantum spherical fuzzy decision support system as a novel sustainability index approach for analyzing industries listed in the stock exchange	38

Commodity price shocks related to the war in Ukraine and exchange rates of commodity exporters and importers	38
Volatility spillover effects between Islamic stock markets and exchange rates: Evidence from three emerging countries	37
Financial stability of Asian Nations: Governance quality and financial inclusion	37
Female CEOs and corporate investment efficiency: Evidence from China	31
Asymmetric volatility connectedness among main international stock markets: A high frequency analysis	30
Does ESG performance affect the financial performance of environmentally sensitive industries? A comparison between emerging and developed markets	30
ESG, dividend payout policy and the moderating role of audit quality: Empirical evidence from Western Europe	30
Testing the random walk hypothesis for leading cryptocurrencies	30
The necessity of financial inclusion for enhancing the economic impacts of remittances	29
Does the islamic label indicate good environmental, social, and governance (ESG) performance? Evidence from sharia-compliant firms in Indonesia and Malaysia	29
Oil prices and the green bond market: Evidence from time-varying and quantile-varying aspects	28
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?	27
The spillover effects of political risk, financial risk, and economic freedom on ecological footprint: Empirical evidence from Belt and Road Initiative countries	27
Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms	26
The response of exchange rates to economic policy uncertainty: Evidence from Russia	25
Environmental consequences of financial development in emerging and growth-leading economies: A multidimensional assessment	25
Examining the relationship between digital finance and financial inclusion: Evidence from MENA countries	24
Corporate cash holdings in emerging markets	23
Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis	22
Do precious metals hedge against global supply chain uncertainty?	22
Crash risk and ESG disclosure	21
The impacts of foreign portfolio flows and monetary policy responses on stock markets by considering COVID-19 pandemic: Evidence from Turkey	21
Does Islamic microfinance serve maqāsid al-shari'a?	21
The influence of country governance on the capital structure and investment financing decisions of firms: An international investigation	19
The impact of the global financial crisis on corporate cash holdings: Evidence from Eastern European countries	18
Board gender diversity and stock price crash risk: Going beyond tokenism	17
The impact of air pollution on corporate cash holdings	17
Towards sustainable financing models: A proof-of-concept for a waqf-based alternative financing model for renewable energy investments	17
Trustworthiness, good governance and risk taking in MENA countries	17
Time-varying propagations between oil market shocks and a stock market: Evidence from Turkey	16
Does air pollution matter in a supplier's trade credit strategy? Evidence from an emerging market	16
Do market differences matter on dividend policy?	16
Diversity and risk taking in Islamic banks: Does public listing matter?	16
Return and risk spillovers between the ESG global index and stock markets: Evidence from time and frequency analysis	16
Green finance and green transition by enterprises: An exploration of market-oriented governance mechanisms	16
Overconfidence bias and investment performance: A mediating effect of risk propensity	15
Dividend policy and earnings management: Do agency problem and financing constraints matter?	15
Emerging market portfolios and Islamic financial markets: Diversification benefits and safe havens	15
Optimal hedge ratios and hedging effectiveness: An analysis of the Turkish futures market	15
Do institutional investors drive the IPO valuation?	15
Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors	15
Earnings management and theoretical adjustment in capital structure performance pattern: Evidence from APTA economies	15
How does the monetary transmission mechanism work? Evidence from Turkey	15
Can ESG mitigate the diversification discount in cross-border M&A?	15
Does an Islamic-SRI portfolio really matter? Empirical application of valuation models in Indonesia	15
Do financial inclusion and income inequality matter for human capital? Evidence from sub-Saharan economies	14
Frequency connectedness and spillovers among oil and Islamic sector stock markets: Portfolio hedging implications	14
The effects of national culture on financial sector development: Evidence from emerging and developing economies	14
Covid-19 pandemic, asset prices, risks, and their convergence: A survey of Islamic and G7 stock market, and alternative assets	13
COVID-19 and connectedness between Sustainable and Islamic equity markets	13

Hedging Bitcoin with conventional assets	13
Dependence structure across equity sectors: Evidence from vine copulas	13
Investor sentiment, corporate social responsibility, and financial performance: Evidence from Japanese companies	13
Dimensions of global financial inclusion and their impact on the achievement of the United Nations Development Goals	13
Stock liquidity, stock price crash risk, and foreign ownership	13
Determinants of corporate carbon disclosure: A step towards sustainability reporting	13
Does innovation in environmental, social, and governance disclosures pay off in China? An integrated reporting perspective	13
The impact of fintech and banks M&A on Acquirer's performance: A strategic win or loss?	12
The nexus between asymmetric financial inclusion and economic growth: Evidence from the top 10 financially inclusive economies	12
Short and long-term volatility transmission from oil to agricultural commodities – The robust quantile regression approach	12
Finance, talent and income inequality: Cross-country evidence	12
The effect of the internal control regulation on reporting quality in China	12
Does managerial ability transform organization from the inside out? Evidence from sustainability performance of financially constrained firms in an emerging economy	12
The impact of corruption on the performance of newly established enterprises: Empirical evidence from a transition economy	12
Internal and external corporate social responsibility activities and firm value: Evidence from the shared growth in the supply chain	11
How do market capitalization and intellectual capital determine industrial investment?	11
Board age and value diversity: Evidence from a collectivistic and paternalistic culture	11
Value drivers of startup valuation from venture capital equity-based investing: A global analysis with a focus on technological factors	11
Credit portfolio optimization: A multi-objective genetic algorithm approach	11
A new multivariate approach for assessing corporate financial risk using balance sheets	11
Does FinTech penetration drive financial development? Evidence from panel analysis of emerging and developing economies	10
How does corporate social performance affect investment inefficiency? An empirical study of China market	10
The causal linkages between investor sentiment and excess returns on Borsa Istanbul	10
Market multiples and stock returns among emerging and developed financial markets	10
Testing the pecking order theory of capital structure: Evidence from Turkey using panel quantile regression approach	10
Testing the validity of purchasing power parity in alternative markets: Evidence from the fourier quantile unit root test	10
Investigating the volatility spillover effect between derivative markets and spot markets via the wavelets: The case of Borsa İstanbul	10