Emerging Markets Review

Article	Citations
Financial statement fraud, recidivism and punishment	249
What drives the growth of shadow banks? Evidence from emerging markets	96
Corrigendum to “Endogenous market development for government securities in lower-income economies” [Emerging Markets Review 50 (2022) 100844]	86
Does time-varying risk aversion sentiment matter in the connectedness among Sub-Saharan African bond markets?	81
Fintech innovation: Is it beneficial or detrimental to financial inclusion and financial stability? A systematic literature review and research directions	81
Tax authority independence and earnings management	71
Borrowing constraints, financial development and the aggregate savings: Theory and evidence	66
The imprint effect of initial institutional environments and bank financing in family businesses	65
Does managerial networking impinge our morality in Guanxi context? The moderating effect of corruption perception	49
Bank risk-taking and competition in developing banking markets: Does efficiency level matter? Evidence from Africa	47
Inflation and west African sectoral stock price indices: An asymmetric kernel method analysis	47
Local credit in Brazil: The role of digital connectivity and education	47
Media coverage of startups and venture capital investments	44
Anti-corruption campaign and corporate cash holdings: Evidence from China	44
Bank board network and financial stability in emerging markets	44
Fiscal rules and sovereign default	43
Interconnected ownership and earnings management: Supplier-customer collusion in China's IPO context	41
The impact of common ownership between banks and firms on corporate ESG performance: Evidence from China	40
Impacts of COVID-19 pandemic on corporate cash holdings: Evidence from Korea	40
Making differences work: Financial fraud detection based on multi-subject perceptions	40
Impact of energy restructuring on green technology innovation in the context of climate policy uncertainty	36
Residual state ownership, foreign ownership and firms' financing patterns	34
Share pledging and stock price synchronicity: Evidence from China	33
The dark side of Bitcoin: Do Emerging Asian Islamic markets help subdue the ethical risk?	33
Global monetary policy surprises and their transmission to emerging market economies: An external VAR analysis	33

Are Latin American stock markets connected? Exploring spillovers and the impact of risk factors	33
Board generational diversity in emerging markets	32
Pooling wisdom: The impact of investors' private information transmission on corporate investment efficiency	32
Editorial Board	32
Safety nets and investment choices	30
Are more disclosures always better? Data asset information disclosure and cost of debt in China	29
How does housing wealth affect happiness?	28
Unintended consequences: Examining the effects of government digital regulation on corporate fintech innovation in China	27
Predictability of risk appetite in Turkey: Local versus global factors	26
Spillovers and connectedness among BRICS stock markets, cryptocurrencies, and uncertainty: Evidence from the quantile vector autoregression network	26
Managers' individualistic culture and trade credit	25
Does the nature of political connection matter for corporate social responsibility engagement? Evidence from China	24
What drives portfolio capital inflows into emerging market economies? The role of the Fed's and ECB's balance sheet policies	24
Higher education expansion and the adoption of robots in China	24
Antiquity, capitalism & development: The finance-growth perspective	23
Financial fraud detection for Chinese listed firms: Does managers' abnormal tone matter?	23
CEO facial masculinity, fraud, and ESG: Evidence from South Korea	22
Finance dependence and exchange rate pass-through: Empirical evidence from China	21
Financial crisis, global liquidity and trade credit channel: Evidence from Türkiye	20
Risk spillover of banking across regions: Evidence from the belt and road countries	20
Municipal governor turnovers and targeted poverty alleviation of listed private firms	20
Fintech competencies in emerging markets: Cognitive hybrid decision-making approach	20
Dynamic connectedness between global commodity sectors, news sentiment, and sub-Saharan African equities	20
Trade liberalization, regional trade openness degree, and foreign direct investment:Evidence from China	19
The Effects of Monetary Policy on Capital Flows: An Emerging Market Survey	19
Growth-mindset financial education and labor supply of low-income women: An RCT evidence from rural China	19
Systemic risk spillovers and the determinants in the stock markets of the Belt and Road countries	19
Do firms manipulate earnings after winning public-private partnership bids? Evidence from China	18
Financial intermediation around national elections: Evidence of state-owned banks as credit smoothers	18
Corrigendum to “Do management climate change concerns mitigate greenwashing? Evidence from China” [Emerging Markets Review 67 (2025) 101308]	18
Editorial Board	18
The value of official business group affiliation: Evidence from a change in Korean chaebol designation policy	18
Are business groups different from other family firms? Evidence from corporate investments during political uncertainty	18
Editorial Board	18
Political favoritism towards resource allocation: Evidence of grants by natural science foundation in China	17
Farm location and occupational choices in Sub-Saharan Africa: Implications for agricultural households in Tanzania	17
A financial risk meter for China	17
Central bank swap arrangements and exchange rate volatility: Evidence from China	16
Greenium in the Chinese corporate bond market	16
Family firms and risk taking: Does the integration of ESG practices matter?	16
CEOs' hometown connections and corporate risk-taking: Evidence from China	16
Heterogeneous uncertainty matters! Evidence based on firms' cost management decisions	16
Does government transparency shape firm decentralization? Evidence from a natural experiment in China	15
Buckle-up and accelerate: Insider's private effort during M&A	15
Conditional dependence structure and risk spillovers between Bitcoin and fiat currencies	15
Turkey: From a thriving economic past towards a rugged future? - An empirical analysis on the Turkish financial markets	15
Stock liquidity and investment efficiency: Evidence from the split-share structure reform in China	15
Asymmetric impact of compliance management reform on opportunistic insider trading: Evidence from Chinese state-owned enterprises	15
The dog that didn't bite: Sudden Stops in Emerging and Developing Economies during COVID-19	15
Does asynchronous market update matter? Re-examining the price discovery of stock index and futures in China	14

Intangible assets, corporate tax credits and pharmaceutical establishments	14
Demographic transition and financial assets	14
How does financial inclusion affect bank stability in emerging economies?	14
The impact of health status on household portfolio efficiency: Insights from medical insurance	14
Does political turnover affect corporate investment? Evidence from China	13
Reap what you sow: Corporate political activities and the external governance environment	13
Banking market power and its determinants: New insights from MENA countries	13
Who falls behind under interest rate shock? Early evidence from households with variable-rate mortgages	13
Uncertainty shocks and financial conditions in Latin-American countries	12
Interconnectedness and systemic risk in financial networks: Fresh evidence from India	12
Air pollution, political costs, and earnings management	12
Does the green loan policy boost greener production? – Evidence from Chinese firms	12
The effect of currency risk on crypto asset utilization in Türkiye	12
Board centrality and environmental disclosures: Evidence from the polluting Industries in China	12
Machine learning and the cross-section of emerging market stock returns	12
How bilateral investment treaties affect cross-border mergers and acquisitions: Novel evidence from China's internationalization	12
Editorial Board	11
Banking relationship and default priority in consumer credit: Evidence from Thai microdata	11
Does a sustainability risk premium exist where it matters the most?	11
FinTech: The disruptive force reducing bank competition pressure	11
Factor investing in Brazil: Diversifying across factor tilts and allocation strategies	11
Corporate investment and shadow banking channel of monetary policy	11
Climate change, governance, and macroeconomic stability: Empirical analysis in a panel of African countries	11
Competition law reform and firm performance: Evidence from developing countries	10
Net privatisation prices in Brazil	10
The impact of proximity within elite corporate networks on the Shariah governance-firm performance nexus: Evidence from the global Shariah elite	10
Corporate strategic disclosure via WeChat after E&S reputation crises	10
Fintech business and corporate social responsibility practices	10
The effects of decarbonization on corporate cash holdings	10
Trade reform, infrastructure investment, and structural transformation in Africa: Evidence from Guinea-Bissau	10
On the communication efforts of the central banks in emerging economies: The case of India	10
Women to women: Enabling innovation and firm performance in developing countries	10
Unified or divided? Conflicting interests of controlling shareholders in corporate tax avoidance	10
Trade sanctions and global value chains: The role of financial development and capital openness in emerging markets	10
Spillover effects of the recent US monetary policy shocks on the South African economy: The role of monetary and fiscal policy coordination	9
Economic policy uncertainty, non-financial enterprises' shadow banking activities and stock price crash risk	9
Evaluation of the space-time effects of Covid-19 on household loans and savings in Romania - A spatial panel data approach at county level	9
Will Southeast Asia be the next global manufacturing hub? A multiway cointegration, causality, and dynamic connectedness analyses	9
Financial inclusion and women economic empowerment in Ghana	9
FX-hedging for Latin American investors	9
Stock market index enhancement via machine learning	9
The impacts of green bonds on the green innovation: Evidence from the corporate green transformation in China	9
Corporate digital transformation and idiosyncratic risk: Based on corporate governance perspective	9
Impact of cultural trade on foreign direct investment: Evidence from China	9
How credit constrained are family-owned SMEs in Arab countries?	9
The intention to use cryptocurrency: A meta-analysis of what we know	8
Tail-event driven NETwork dependence in emerging markets	8
The impact of currency depreciation and foreign exchange positions on bank lending: Evidence from an emerging market	8
Shadow banking and loan pricing of commercial banks: Evidence from China	8
Does financial liberalization reduce income inequality? Evidence from Africa	8
Emerging equity markets in a globalized world	8
IPOhelper: Mining features in registration statements for listing prediction of technological innovation companies	8
Liquidity risk in FinTech lending: Early impact of the COVID-19 pandemic on the P2P lending market	8
Climate policy and China's external balances	8
How effective is the cash conversion cycle in improving firm performance? Evidence from BRICS	8
Does party organization embeddedness boost corporate environmental performance?	8
The clarity of monetary policy communication and financial market volatility in developing economies	8
Are FX communications effective? Evidence from emerging markets	7
Does compliance with screening standards affect the performance of firms?	7
House price co-movement and labor migration: Evidence from China	7
Digital divide and household portfolio investment efficiency: Evidence from China	7
Decentralized finance (literacy) today and in 2034: Initial insights from Singapore and beyond	7
Nonlinear network connectedness: Assessing financial risk transmission in MENA and influence of external financial conditions	7
Origin matters: Institutional imprinting and family firm innovation in China	7
Beyond religion and culture: The economic consequences of the institutionalization of sharia law	7
Different lies to different audiences: Tax avoidance versus earnings inflation	7
Optimal central banking policies: Envisioning the post-digital yuan economy with loan prime rate-setting	7
Interpersonal versus interbank lending networks: The role of intermediation in risk-sharing	7
Enforcement actions and systemic risk	7
Corporate governance of weak stakeholders: Minority investors and investment efficiency	6
Rewiring finance for inclusion: Digital and traditional mechanisms in African banking	6
Credit risk in Islamic microfinance institutions: The role of women, groups, and rural borrowers	6
Evidence of arbitrage trading activity: The case of Chinese metal futures contracts	6
A machine learning approach for comparing the largest firm effect	6
Climate risks, balance-of-payments constraints and central banking in emerging economies – Insights from Nigeria	6
Editorial Board	6
Hidden costs of separation: Exploring the effect of left-behind experiences on financial market participation in China	6
Does bank efficiency affect the bank lending channel in China?	6
Carbon emissions and audit fees: Evidence from emerging markets	6
Editorial Board	6

Macroprudential policy and bank systemic risk: Does inflation targeting matter?	6
Public bank lending in Africa in times of crisis	6
Corrigendum to “Enforcement actions and systemic risk” [Emerging Markets Review 59 (2024) 101115]	6
Central bank green communication and pollution premium: Evidence from China	6
Risk substitution in cryptocurrencies: Evidence from BRICS announcements	6
Star analyst activities and stock price synchronicity: Korean equity market reforms	6
Other people's money: A comparison of institutional investors	6
To protect or to hide-an investigation on corporate redacted disclosure motives under new FAST act regulation	6
Editorial Board	6
Bank branching deregulation and the credit risk of the regional banking sector: Evidence from city commercial banks in China	6
Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic	5
Effect of accounting information manipulation on innovation: Evidence from China	5
Machine learning portfolios with equal risk contributions: Evidence from the Brazilian market	5
Loan spreads over the credit cycle	5
Cash holdings of minority family businesses in Indonesia	5
Collateral eligibility of credit claims and bank liquidity creation: Evidence from China	5
Spillovers of U.S. monetary policy uncertainty on inflation targeting emerging economies	5
Integrity atmosphere and the cost of equity: Evidence from China	5
Demographic shifts and the strategic use of flexible off-budget debt tools	5
Speculative trading, stock returns and asset pricing anomalies	5
How does CEO famine experience affect corporate labour cost stickiness?	5
Combating the rent-seeking among enterprises in China's emissions trading system	5
Judicial Independence and corporate labor investment: Evidence from China	5
CEO characteristics and capital structure dynamics: Evidence from a transitional economy	5
The impact of institutional investors' corporate site visits on corporate social responsibility	5
How does technological progress affect provincial financial resilience? Evidence at the provincial level in China	5
Editorial Board	5
How does Russia's economy affect the region? Transmission channels and policy options	4
The Nexus among board diversity and bank stability: Implications from gender, nationality and education	4
Regulators' work experience at local companies and SOEs' investment efficiency: Evidence from provincial SASAC leaders	4
Investment under anticorruption: Evidence from the high-profile anticorruption campaign in Vietnam	4
Political capital and physical capital: Substitute or complement? Evidence from China's anti-corruption campaign	4
Insider trading and information asymmetry: Evidence from the Korea Exchange	4
Do corporate environmental violations affect trade credit? Evidence from China	4
Foreign exchange interventions and foreign shocks	4
Government ownership and stock price crash risk in banks: International evidence	4
Effect of climate-related risk on the costs of bank loans: Evidence from syndicated loan markets in emerging economies	4
The spillover effects of China's monetary policy shock: Evidence from B&R countries	4
Doom loops in Latin America	4
Risk-sharing networks, consumption, and asset allocation: Micro-evidence from China	4
Growing pains: Vietnamese firms' operational efficiency and transition under the CPTPP	4
Culture imprint and gambling preference: Evidence from individual investors' trading in the Chinese stock market	4
CSR news and stock prices: A fine-grained analysis in an underexamined Muslim setting	4
Chairperson's intra-country migrant marriage and corporate R&D investment: Evidence from Chinese family firms	4
Threshold effects, technology purchasing, and firm outcomes: An absorptive capacity perspective	4
Impact of asymmetry on exchange rate determination: The role of fundamentals	4
Enhancing bank liquidity creation through digital innovation: Exploring the impact of macroprudential policy sentiments	3
Mandatory disclosure and bank earnings management in India	3
Social capital and cost of debt: Evidence from Chinese CEO network centrality	3
The moderating role of a corporate life cycle with the impact of economic value-added on corporate social responsibility: Evidence from China's listed companies	3
Large state-owned shareholders and social insurance contributions in private firms: Evidence from China	3
In the radiance of enlightenment: The influence of nontheistic religions on corporate default risk	3
Cutting corners, cutting dividends: Evidence from reverse mergers in China	3
Dynamic financial connectedness among the US, China, and countries of the Belt and Road Initiative	3
Learning by doing or catering: Firm-specific experience and analyst forecast accuracy	3
International reserves, currency depreciation and public debt: New evidence of buffer effects in Africa	3
How stressed are the banks? An inter-temporal network analysis	3
Connectedness and risk spillovers among sub-Saharan Africa and MENA equity markets	3
Modelling the demand for financial assets: The case of Sri Lanka	3
Innovation spillovers within business groups: Evidence from Korean chaebols	3
Kuwait Stock Exchange: A re-examination of seasonal anomalies	3
Testing technical trading strategies on China's equity ETFs: A skewness perspective	3
Global value chains in sub-Saharan Africa: The role of business regulations, policies and institutions	3
Dynamics and predictability in informal currency markets: The case of the Cuban Peso	3
Editorial for multi-source data-driven financial fraud risk analysis	3
Your skin or mine: Ensuring the viability of a central counterparty	3
Editorial Board	3
Dynamic volatility spillovers among commodities, bitcoin, and emerging markets	3
Disruptive technology and audit risks: Evidence from FTSE 100 companies	3
Energy firms in emerging markets: Systemic risk and diversification opportunities	3
Analysis of the performance of Islamic gold-backed cryptocurrencies during the bear market of 2020	3
The cyclicality of official bilateral lending: Which cycle do flows follow?	3
Credit financing, accounting quality and distress under financial turmoil: Evidence from small partnerships	3
From the core to the European periphery: Spillover effects of financial cycles	3
Optimizing systemic risk through credit network reconstruction	3
Effects of monetary policy news on financial assets: Evidence from Brazil on a bivariate VAR-GARCH model (2006–17)	3
Multivariate dynamics between emerging markets and digital asset markets: An application of the SNP-DCC model	3