Emerging Markets Review

Article	Citations
Does time-varying risk aversion sentiment matter in the connectedness among Sub-Saharan African bond markets?	159
Corrigendum to “Endogenous market development for government securities in lower-income economies” [Emerging Markets Review 50 (2022) 100844]	90
Fintech innovation: Is it beneficial or detrimental to financial inclusion and financial stability? A systematic literature review and research directions	89
What drives the growth of shadow banks? Evidence from emerging markets	69
The value of independent directors: Evidence from China	67
Financial statement fraud, recidivism and punishment	62
Does air pollution influence investor trading behavior? Evidence from China	60
Local credit in Brazil: The role of digital connectivity and education	56
Does managerial networking impinge our morality in Guanxi context? The moderating effect of corruption perception	54
The imprint effect of initial institutional environments and bank financing in family businesses	49
Borrowing constraints, financial development and the aggregate savings: Theory and evidence	48
Anti-corruption campaign and corporate cash holdings: Evidence from China	42
Impacts of COVID-19 pandemic on corporate cash holdings: Evidence from Korea	42
Inflation and west African sectoral stock price indices: An asymmetric kernel method analysis	41
Bank board network and financial stability in emerging markets	38
Making differences work: Financial fraud detection based on multi-subject perceptions	38
Bank risk-taking and competition in developing banking markets: Does efficiency level matter? Evidence from Africa	35
Managers' individualistic culture and trade credit	34
Financial fraud detection for Chinese listed firms: Does managers' abnormal tone matter?	34
Residual state ownership, foreign ownership and firms' financing patterns	32
Predictability of risk appetite in Turkey: Local versus global factors	31
Share pledging and stock price synchronicity: Evidence from China	31
Are Latin American stock markets connected? Exploring spillovers and the impact of risk factors	30
Unintended consequences: Examining the effects of government digital regulation on corporate fintech innovation in China	29
Editorial Board	29

What drives portfolio capital inflows into emerging market economies? The role of the Fed's and ECB's balance sheet policies	27
The dark side of Bitcoin: Do Emerging Asian Islamic markets help subdue the ethical risk?	27
Does the nature of political connection matter for corporate social responsibility engagement? Evidence from China	27
Pooling wisdom: The impact of investors' private information transmission on corporate investment efficiency	26
Board generational diversity in emerging markets	26
Spillovers and connectedness among BRICS stock markets, cryptocurrencies, and uncertainty: Evidence from the quantile vector autoregression network	26
Finance dependence and exchange rate pass-through: Empirical evidence from China	25
Fintech competencies in emerging markets: Cognitive hybrid decision-making approach	25
Editorial Board	25
The Effects of Monetary Policy on Capital Flows: An Emerging Market Survey	24
Risk spillover of banking across regions: Evidence from the belt and road countries	24
Dynamic connectedness between global commodity sectors, news sentiment, and sub-Saharan African equities	24
Antiquity, capitalism & development: The finance-growth perspective	24
Financial crisis, global liquidity and trade credit channel: Evidence from Türkiye	24
CEO facial masculinity, fraud, and ESG: Evidence from South Korea	23
Trade liberalization, regional trade openness degree, and foreign direct investment:Evidence from China	23
Farm location and occupational choices in Sub-Saharan Africa: Implications for agricultural households in Tanzania	21
Systemic risk spillovers and the determinants in the stock markets of the Belt and Road countries	21
Conditional dependence structure and risk spillovers between Bitcoin and fiat currencies	21
The value of official business group affiliation: Evidence from a change in Korean chaebol designation policy	21
Financial intermediation around national elections: Evidence of state-owned banks as credit smoothers	20
A financial risk meter for China	20
How does financial inclusion affect bank stability in emerging economies?	20
Editorial Board	20
Does government transparency shape firm decentralization? Evidence from a natural experiment in China	19
CEOs' hometown connections and corporate risk-taking: Evidence from China	18
The dog that didn't bite: Sudden Stops in Emerging and Developing Economies during COVID-19	18
Editorial Board	18
Political favoritism towards resource allocation: Evidence of grants by natural science foundation in China	17
Stock liquidity and investment efficiency: Evidence from the split-share structure reform in China	16
Corrigendum to “Do management climate change concerns mitigate greenwashing? Evidence from China” [Emerging Markets Review 67 (2025) 101308]	16
Government subsidies and firm performance: Evidence from high-tech start-ups in China	16
Turkey: From a thriving economic past towards a rugged future? - An empirical analysis on the Turkish financial markets	15
Do firms manipulate earnings after winning public-private partnership bids? Evidence from China	15
Central bank swap arrangements and exchange rate volatility: Evidence from China	15
Are business groups different from other family firms? Evidence from corporate investments during political uncertainty	15
Heterogeneous uncertainty matters! Evidence based on firms' cost management decisions	15
Greenium in the Chinese corporate bond market	14
The effect of stimulus policy on lending behavior and bank risk: Evidence from the Chinese banking sector	14
The effect of currency risk on crypto asset utilization in Türkiye	14
How bilateral investment treaties affect cross-border mergers and acquisitions: Novel evidence from China's internationalization	14
Does the green loan policy boost greener production? – Evidence from Chinese firms	14
Intangible assets, corporate tax credits and pharmaceutical establishments	14
Board centrality and environmental disclosures: Evidence from the polluting Industries in China	13
Banking market power and its determinants: New insights from MENA countries	13
Does asynchronous market update matter? Re-examining the price discovery of stock index and futures in China	13
Air pollution, political costs, and earnings management	13
Factor investing in Brazil: Diversifying across factor tilts and allocation strategies	12
Learning representation of stock traders and immediate price impacts	12
Machine learning and the cross-section of emerging market stock returns	12

On the communication efforts of the central banks in emerging economies: The case of India	12
Does political turnover affect corporate investment? Evidence from China	12
Banking relationship and default priority in consumer credit: Evidence from Thai microdata	12
Fintech business and corporate social responsibility practices	11
Competition law reform and firm performance: Evidence from developing countries	11
Corporate investment and shadow banking channel of monetary policy	11
ChiNext IPOs' initial returns before and after the 2013 stock market reform: What can we learn?	11
Climate change, governance, and macroeconomic stability: Empirical analysis in a panel of African countries	11
FinTech: The disruptive force reducing bank competition pressure	11
Retail attention, retail trades, and stock price crash risk	11
Does a sustainability risk premium exist where it matters the most?	11
The impact of proximity within elite corporate networks on the Shariah governance-firm performance nexus: Evidence from the global Shariah elite	10
Net privatisation prices in Brazil	10
Economic policy uncertainty, non-financial enterprises' shadow banking activities and stock price crash risk	10
Financial inclusion and women economic empowerment in Ghana	10
Trade sanctions and global value chains: The role of financial development and capital openness in emerging markets	10
The impacts of green bonds on the green innovation: Evidence from the corporate green transformation in China	10
Women to women: Enabling innovation and firm performance in developing countries	10
Trade reform, infrastructure investment, and structural transformation in Africa: Evidence from Guinea-Bissau	10
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
How effective is the cash conversion cycle in improving firm performance? Evidence from BRICS	9
Liquidity risk in FinTech lending: Early impact of the COVID-19 pandemic on the P2P lending market	9
Will Southeast Asia be the next global manufacturing hub? A multiway cointegration, causality, and dynamic connectedness analyses	9
Unintended investor sentiment on bank financial products: Evidence from China	9
Corporate digital transformation and idiosyncratic risk: Based on corporate governance perspective	9
The impact of currency depreciation and foreign exchange positions on bank lending: Evidence from an emerging market	9
FX-hedging for Latin American investors	9
How credit constrained are family-owned SMEs in Arab countries?	9
Impact of cultural trade on foreign direct investment: Evidence from China	9
Tail-event driven NETwork dependence in emerging markets	9
Determinants of corporate governance practices in Brazil	8
Climate policy and China's external balances	8
Emerging equity markets in a globalized world	8
Are FX communications effective? Evidence from emerging markets	8
Does party organization embeddedness boost corporate environmental performance?	8
The clarity of monetary policy communication and financial market volatility in developing economies	8
IPOhelper: Mining features in registration statements for listing prediction of technological innovation companies	8
Shadow banking and loan pricing of commercial banks: Evidence from China	8
The intention to use cryptocurrency: A meta-analysis of what we know	8
Does financial liberalization reduce income inequality? Evidence from Africa	8
Different lies to different audiences: Tax avoidance versus earnings inflation	8
Public bank lending in Africa in times of crisis	7
To protect or to hide-an investigation on corporate redacted disclosure motives under new FAST act regulation	7
Interpersonal versus interbank lending networks: The role of intermediation in risk-sharing	7
Optimal central banking policies: Envisioning the post-digital yuan economy with loan prime rate-setting	7
Nonlinear network connectedness: Assessing financial risk transmission in MENA and influence of external financial conditions	7
Enforcement actions and systemic risk	7
Beyond religion and culture: The economic consequences of the institutionalization of sharia law	7
Does compliance with screening standards affect the performance of firms?	7
Corporate governance of weak stakeholders: Minority investors and investment efficiency	6
Origin matters: Institutional imprinting and family firm innovation in China	6
Editorial Board	6
Welcome letter from the editor-in-chief	6
How does technological progress affect provincial financial resilience? Evidence at the provincial level in China	6
Risk substitution in cryptocurrencies: Evidence from BRICS announcements	6
Climate risks, balance-of-payments constraints and central banking in emerging economies – Insights from Nigeria	6
Editorial Board	6
Social progress, business formation, and access to investment capital	6
Carbon emissions and audit fees: Evidence from emerging markets	6
Bank branching deregulation and the credit risk of the regional banking sector: Evidence from city commercial banks in China	6
The gender composition of corporate boards and firm performance: Evidence from Russia	6
A machine learning approach for comparing the largest firm effect	6
Other people's money: A comparison of institutional investors	6
Corrigendum to “Enforcement actions and systemic risk” [Emerging Markets Review 59 (2024) 101115]	6
Credit risk in Islamic microfinance institutions: The role of women, groups, and rural borrowers	5
Star analyst activities and stock price synchronicity: Korean equity market reforms	5
Effect of accounting information manipulation on innovation: Evidence from China	5
Editorial Board	5
Combating the rent-seeking among enterprises in China's emissions trading system	5
Speculative trading, stock returns and asset pricing anomalies	5
Does bank efficiency affect the bank lending channel in China?	5
Loan spreads over the credit cycle	5
The impact of institutional investors' corporate site visits on corporate social responsibility	5
Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic	5
Collateral eligibility of credit claims and bank liquidity creation: Evidence from China	5
Machine learning portfolios with equal risk contributions: Evidence from the Brazilian market	5
Evidence of arbitrage trading activity: The case of Chinese metal futures contracts	5
CEO characteristics and capital structure dynamics: Evidence from a transitional economy	5
Cash holdings of minority family businesses in Indonesia	5
Environmental regulations and innovation for sustainability? Moderating effect of political connections	5

Threshold effects, technology purchasing, and firm outcomes: An absorptive capacity perspective	4
Culture imprint and gambling preference: Evidence from individual investors' trading in the Chinese stock market	4
Regulators' work experience at local companies and SOEs' investment efficiency: Evidence from provincial SASAC leaders	4
The Nexus among board diversity and bank stability: Implications from gender, nationality and education	4
Where are the fundamental traders? A model application based on the Shanghai Stock Exchange	4
Risk-sharing networks, consumption, and asset allocation: Micro-evidence from China	4
In the radiance of enlightenment: The influence of nontheistic religions on corporate default risk	4
Insider trading and information asymmetry: Evidence from the Korea Exchange	4
Institutional conditions, economic policy uncertainty and foreign institutional investment in China	4
Spillovers of U.S. monetary policy uncertainty on inflation targeting emerging economies	4
Effect of climate-related risk on the costs of bank loans: Evidence from syndicated loan markets in emerging economies	4
Dynamic linkage between the Chinese and global stock markets: A normal mixture approach	4
Impact of asymmetry on exchange rate determination: The role of fundamentals	4
The spillover effects of China's monetary policy shock: Evidence from B&R countries	4
CSR news and stock prices: A fine-grained analysis in an underexamined Muslim setting	4
Testing technical trading strategies on China's equity ETFs: A skewness perspective	4
How does Russia's economy affect the region? Transmission channels and policy options	4
Demographic shifts and the strategic use of flexible off-budget debt tools	4
The gambling preference and stock price: Evidence from China's stock market	4
Political capital and physical capital: Substitute or complement? Evidence from China's anti-corruption campaign	4
Do corporate environmental violations affect trade credit? Evidence from China	4
The cyclicality of official bilateral lending: Which cycle do flows follow?	4
Multivariate dynamics between emerging markets and digital asset markets: An application of the SNP-DCC model	3
Editorial for multi-source data-driven financial fraud risk analysis	3
The impact of corporate governance and state ownership on the default probabilities of Chinese firms	3
Dividend policy and religion: International evidence from firms with Islamic Label	3
Dynamic financial connectedness among the US, China, and countries of the Belt and Road Initiative	3
Mandatory disclosure and bank earnings management in India	3
Global value chains in sub-Saharan Africa: The role of business regulations, policies and institutions	3
Enhancing bank liquidity creation through digital innovation: Exploring the impact of macroprudential policy sentiments	3
Your skin or mine: Ensuring the viability of a central counterparty	3
Does fintech matter for financial inclusion and financial stability in BRICS markets?	3
Multibanking in microfinance yields positive performance: Evidence from Ecuadorian entrepreneurs	3
Energy firms in emerging markets: Systemic risk and diversification opportunities	3
Connectedness and risk spillovers among sub-Saharan Africa and MENA equity markets	3
Diversification and financialization of non-financial corporations: Evidence from China	3
Analysis of the performance of Islamic gold-backed cryptocurrencies during the bear market of 2020	3
Innovation spillovers within business groups: Evidence from Korean chaebols	3
Editorial Board	3
Monetary policy surprises and interest rates under China's evolving monetary policy framework	3
Learning by doing or catering: Firm-specific experience and analyst forecast accuracy	3
Effects of monetary policy news on financial assets: Evidence from Brazil on a bivariate VAR-GARCH model (2006–17)	3
Optimizing systemic risk through credit network reconstruction	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
Social capital and cost of debt: Evidence from Chinese CEO network centrality	3
Disruptive technology and audit risks: Evidence from FTSE 100 companies	3