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 2020-09-01 to 2024-09-01.)

Article	Citations
The role of green finance in reducing CO2 emissions: An empirical analysis	305
Does green finance really deliver what is expected? An empirical perspective	158
Impact of ESG performance on firm value and profitability	131
Do institutional quality and financial development affect sustainable economic growth? Evidence from South Asian countries	113
The COVID-19 outbreak and high frequency information transmission between major cryptocurrencies: Evidence from the VAR-DCC-GARCH approach	92
Financial inclusion and stability in the Asian region using bank-level data	91
Network analysis of global stock markets at the beginning of the coronavirus disease (Covid-19) outbreak	87
Global and country-specific geopolitical risk uncertainty and stock return of fragile emerging economies	84
ESG practices and corporate financial performance: Evidence from Borsa Istanbul	81
Can digital finance promote urban innovation? Evidence from China	76
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
ESG performance, institutional investors’ preference and financing constraints: Empirical evidence from China	66
Promoting enterprise productivity: The role of digital transformation	59
Does financial development matter for economic growth in the emerging markets?	59
Does ownership concentration affect corporate environmental responsibility engagement? The mediating role of corporate leverage	58
Policy uncertainty and Bitcoin returns	56
Exploring market overreaction, investors’ sentiments and investment decisions in an emerging stock market	55
Pandemics and the emerging stock markets	51
Intellectual capital efficiency and bank performance: Evidence from islamic banks	50
The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being	49
Institutional quality and the financial inclusion-poverty alleviation link: Empirical evidence across countries	48
The role of audit quality in the ESG-corporate financial performance nexus: Empirical evidence from Western European companies	48
Revisiting the nexus among foreign direct investment, corruption and growth in developing and developed markets	44
Does ESG performance affect the financial performance of environmentally sensitive industries? A comparison between emerging and developed markets	42

Using quantum spherical fuzzy decision support system as a novel sustainability index approach for analyzing industries listed in the stock exchange	41
Financial stability of Asian Nations: Governance quality and financial inclusion	40
Commodity price shocks related to the war in Ukraine and exchange rates of commodity exporters and importers	40
Volatility spillover effects between Islamic stock markets and exchange rates: Evidence from three emerging countries	38
Female CEOs and corporate investment efficiency: Evidence from China	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	33
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?	33
Does the islamic label indicate good environmental, social, and governance (ESG) performance? Evidence from sharia-compliant firms in Indonesia and Malaysia	32
Asymmetric volatility connectedness among main international stock markets: A high frequency analysis	32
The spillover effects of political risk, financial risk, and economic freedom on ecological footprint: Empirical evidence from Belt and Road Initiative countries	32
Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms	31
The necessity of financial inclusion for enhancing the economic impacts of remittances	30
Oil prices and the green bond market: Evidence from time-varying and quantile-varying aspects	29
Examining the relationship between digital finance and financial inclusion: Evidence from MENA countries	29
The response of exchange rates to economic policy uncertainty: Evidence from Russia	27
Environmental consequences of financial development in emerging and growth-leading economies: A multidimensional assessment	26
Macroeconomic drivers of Public Private Partnership (PPP) projects in low income and developing countries: A panel data analysis	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
Crash risk and ESG disclosure	22
Does Islamic microfinance serve maqāsid al-shari'a?	22
The influence of country governance on the capital structure and investment financing decisions of firms: An international investigation	20
The impact of the global financial crisis on corporate cash holdings: Evidence from Eastern European countries	20
The impact of air pollution on corporate cash holdings	19
Diversity and risk taking in Islamic banks: Does public listing matter?	19
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
Trustworthiness, good governance and risk taking in MENA countries	18
Board gender diversity and stock price crash risk: Going beyond tokenism	18
Emerging market portfolios and Islamic financial markets: Diversification benefits and safe havens	17
Towards sustainable financing models: A proof-of-concept for a waqf-based alternative financing model for renewable energy investments	17
Dividend policy and earnings management: Do agency problem and financing constraints matter?	17
Dimensions of global financial inclusion and their impact on the achievement of the United Nations Development Goals	17
How does the monetary transmission mechanism work? Evidence from Turkey	16
Determinants of corporate carbon disclosure: A step towards sustainability reporting	16
Does innovation in environmental, social, and governance disclosures pay off in China? An integrated reporting perspective	16
Frequency connectedness and spillovers among oil and Islamic sector stock markets: Portfolio hedging implications	16
Does an Islamic-SRI portfolio really matter? Empirical application of valuation models in Indonesia	16
Overconfidence bias and investment performance: A mediating effect of risk propensity	16
Investor sentiment, corporate social responsibility, and financial performance: Evidence from Japanese companies	16
Effect of air quality on corporate environmental disclosure: The moderating role of institutional investors	16
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
Can ESG mitigate the diversification discount in cross-border M&A?	16
Green finance and green transition by enterprises: An exploration of market-oriented governance mechanisms	16
Do market differences matter on dividend policy?	16
Earnings management and theoretical adjustment in capital structure performance pattern: Evidence from APTA economies	15
Do institutional investors drive the IPO valuation?	15

Do financial inclusion and income inequality matter for human capital? Evidence from sub-Saharan economies	15
The effects of national culture on financial sector development: Evidence from emerging and developing economies	14
The impact of fintech and banks M&A on Acquirer's performance: A strategic win or loss?	14
Finance, talent and income inequality: Cross-country evidence	14
Short and long-term volatility transmission from oil to agricultural commodities – The robust quantile regression approach	14
Covid-19 pandemic, asset prices, risks, and their convergence: A survey of Islamic and G7 stock market, and alternative assets	14
Corporate ESG investments and Firm's value under the real-option framework: Evidence from two world-leading economies	14
Dependence structure across equity sectors: Evidence from vine copulas	14
Corporate social responsibility disclosure and financial reporting quality: Evidence from Gulf Cooperation Council countries	14
Fintech adoption, the regulatory environment and bank stability: An empirical investigation from GCC economies	14
Does managerial ability transform organization from the inside out? Evidence from sustainability performance of financially constrained firms in an emerging economy	14
The impact of corruption on the performance of newly established enterprises: Empirical evidence from a transition economy	14
Hedging Bitcoin with conventional assets	13
The nexus between asymmetric financial inclusion and economic growth: Evidence from the top 10 financially inclusive economies	13
Stock liquidity, stock price crash risk, and foreign ownership	13
Firm climate change risk and financial flexibility: Drivers of ESG performance and firm value	13
COVID-19 and connectedness between Sustainable and Islamic equity markets	13
Synergy between stock prices and investor sentiment in social media	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
Internal and external corporate social responsibility activities and firm value: Evidence from the shared growth in the supply chain	12
Investor psychology in the stock market: An empirical study of the impact of overconfidence on firm valuation	12
Market multiples and stock returns among emerging and developed financial markets	11
Trustworthiness and margins in Islamic small business financing: Evidence from Indonesia	11
Value drivers of startup valuation from venture capital equity-based investing: A global analysis with a focus on technological factors	11
How investor attention affects stock returns? Some international evidence	11
A new multivariate approach for assessing corporate financial risk using balance sheets	11
Board age and value diversity: Evidence from a collectivistic and paternalistic culture	11
Credit portfolio optimization: A multi-objective genetic algorithm approach	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
Does FinTech penetration drive financial development? Evidence from panel analysis of emerging and developing economies	11
Spillovers between Twitter Uncertainty Indexes and sector indexes: Evidence from the US	11
How does corporate social performance affect investment inefficiency? An empirical study of China market	11