Emerging Markets Review

Article	Citations
Corrigendum to “Endogenous market development for government securities in lower-income economies” [Emerging Markets Review 50 (2022) 100844]	93
Does time-varying risk aversion sentiment matter in the connectedness among Sub-Saharan African bond markets?	87
Tax authority independence and earnings management	79
Financial statement fraud, recidivism and punishment	71
Editorial Board	69
State-owned capital participation and deleveraging of over-indebted private-owned enterprises: Evidence from China	55
What drives the growth of shadow banks? Evidence from emerging markets	54
Corrigendum to ‘Regulatory minority shareholders and financial restatements: Evidence from a quasi-natural experiment in China’ [Emerging Markets Review, 74 (2026) 101514]	50
Fintech innovation: Is it beneficial or detrimental to financial inclusion and financial stability? A systematic literature review and research directions	49
Borrowing constraints, financial development and the aggregate savings: Theory and evidence	47
Does managerial networking impinge our morality in Guanxi context? The moderating effect of corruption perception	46
Local credit in Brazil: The role of digital connectivity and education	42
Inflation and west African sectoral stock price indices: An asymmetric kernel method analysis	41
Interconnected ownership and earnings management: Supplier-customer collusion in China's IPO context	40
Media coverage of startups and venture capital investments	40
Bank risk-taking and competition in developing banking markets: Does efficiency level matter? Evidence from Africa	36
The impact of common ownership between banks and firms on corporate ESG performance: Evidence from China	36
The imprint effect of initial institutional environments and bank financing in family businesses	35
Impact of energy restructuring on green technology innovation in the context of climate policy uncertainty	34
Fiscal rules and sovereign default	34
Impacts of COVID-19 pandemic on corporate cash holdings: Evidence from Korea	33
Making differences work: Financial fraud detection based on multi-subject perceptions	32
Board generational diversity in emerging markets	30
Financial fraud detection for Chinese listed firms: Does managers' abnormal tone matter?	30
Impact of the crises on household consumption patterns: An analysis of Russian regions	29

Editorial Board	29
Higher education expansion and the adoption of robots in China	28
Managers' individualistic culture and trade credit	27
Global monetary policy surprises and their transmission to emerging market economies: An external VAR analysis	25
Are Latin American stock markets connected? Exploring spillovers and the impact of risk factors	25
Predictability of risk appetite in Turkey: Local versus global factors	24
Does the nature of political connection matter for corporate social responsibility engagement? Evidence from China	23
Safety nets and investment choices	23
The dark side of Bitcoin: Do Emerging Asian Islamic markets help subdue the ethical risk?	22
How does housing wealth affect happiness?	21
Are more disclosures always better? Data asset information disclosure and cost of debt in China	21
Share pledging and stock price synchronicity: Evidence from China	21
Pooling wisdom: The impact of investors' private information transmission on corporate investment efficiency	21
Financial crisis, global liquidity and trade credit channel: Evidence from Türkiye	20
Antiquity, capitalism & development: The finance-growth perspective	20
The value of official business group affiliation: Evidence from a change in Korean chaebol designation policy	20
Spillovers and connectedness among BRICS stock markets, cryptocurrencies, and uncertainty: Evidence from the quantile vector autoregression network	20
Fintech competencies in emerging markets: Cognitive hybrid decision-making approach	20
Unintended consequences: Examining the effects of government digital regulation on corporate fintech innovation in China	20
Growth-mindset financial education and labor supply of low-income women: An RCT evidence from rural China	19
Municipal governor turnovers and targeted poverty alleviation of listed private firms	18
Dynamic connectedness between global commodity sectors, news sentiment, and sub-Saharan African equities	18
The Effects of Monetary Policy on Capital Flows: An Emerging Market Survey	18
Art pricing in the emerging markets: An empirical analysis	18
Finance dependence and exchange rate pass-through: Empirical evidence from China	18
CEO facial masculinity, fraud, and ESG: Evidence from South Korea	18
Systemic risk spillovers and the determinants in the stock markets of the Belt and Road countries	18
Risk spillover of banking across regions: Evidence from the belt and road countries	17
Trade liberalization, regional trade openness degree, and foreign direct investment:Evidence from China	17
Financial intermediation around national elections: Evidence of state-owned banks as credit smoothers	16
Editorial Board	16
Editorial Board	16
Are business groups different from other family firms? Evidence from corporate investments during political uncertainty	15
Corrigendum to “Do management climate change concerns mitigate greenwashing? Evidence from China” [Emerging Markets Review 67 (2025) 101308]	15
Does government transparency shape firm decentralization? Evidence from a natural experiment in China	15
Conditional dependence structure and risk spillovers between Bitcoin and fiat currencies	14
The dog that didn't bite: Sudden Stops in Emerging and Developing Economies during COVID-19	14
Farm location and occupational choices in Sub-Saharan Africa: Implications for agricultural households in Tanzania	14
Central bank swap arrangements and exchange rate volatility: Evidence from China	14
Buckle-up and accelerate: Insider's private effort during M&A	14
Turkey: From a thriving economic past towards a rugged future? - An empirical analysis on the Turkish financial markets	13
CEOs' hometown connections and corporate risk-taking: Evidence from China	13
Stock liquidity and investment efficiency: Evidence from the split-share structure reform in China	13
Heterogeneous uncertainty matters! Evidence based on firms' cost management decisions	13
A financial risk meter for China	13
Greenium in the Chinese corporate bond market	12
Family firms and risk taking: Does the integration of ESG practices matter?	12
The effect of green investors on firms' trade credit	12
Does asynchronous market update matter? Re-examining the price discovery of stock index and futures in China	12
Asymmetric impact of compliance management reform on opportunistic insider trading: Evidence from Chinese state-owned enterprises	12

Intangible assets, corporate tax credits and pharmaceutical establishments	12
Machine learning and the cross-section of emerging market stock returns	11
Who falls behind under interest rate shock? Early evidence from households with variable-rate mortgages	11
Does underwriter digitalization enhance IPO pricing efficiency?	11
Government-owned banks and crisis credit allocation: Evidence from fiscal liquidity placement in Indonesia	11
Demographic transition and financial assets	11
Banking market power and its determinants: New insights from MENA countries	11
Interconnectedness and systemic risk in financial networks: Fresh evidence from India	11
Uncertainty shocks and financial conditions in Latin-American countries	11
Reap what you sow: Corporate political activities and the external governance environment	11
How bilateral investment treaties affect cross-border mergers and acquisitions: Novel evidence from China's internationalization	11
Climate change, governance, and macroeconomic stability: Empirical analysis in a panel of African countries	10
Banking relationship and default priority in consumer credit: Evidence from Thai microdata	10
The effect of currency risk on crypto asset utilization in Türkiye	10
Editorial Board	10
Fintech business and corporate social responsibility practices	10
Board centrality and environmental disclosures: Evidence from the polluting Industries in China	10
Corporate investment and shadow banking channel of monetary policy	10
Factor investing in Brazil: Diversifying across factor tilts and allocation strategies	10
The impact of health status on household portfolio efficiency: Insights from medical insurance	10
Climate transition risk and corporate bond pricing	9
The effects of decarbonization on corporate cash holdings	9
Net privatisation prices in Brazil	9
FinTech: The disruptive force reducing bank competition pressure	9
Does a sustainability risk premium exist where it matters the most?	9
Trade reform, infrastructure investment, and structural transformation in Africa: Evidence from Guinea-Bissau	9
Trade sanctions and global value chains: The role of financial development and capital openness in emerging markets	9
Income inequality and risky borrowing: The city-level perspective from credit information bureau data	9
On the communication efforts of the central banks in emerging economies: The case of India	9
Spillover effects of the recent US monetary policy shocks on the South African economy: The role of monetary and fiscal policy coordination	9
Competition law reform and firm performance: Evidence from developing countries	9
Cost of external debt and commodity price movement: A focus on African countries	8
Financial inclusion and women economic empowerment in Ghana	8
FX-hedging for Latin American investors	8
Stock market index enhancement via machine learning	8
Risk spillovers and portfolio diversification: Empirical evidence from emerging and traditional assets	8
The impacts of green bonds on the green innovation: Evidence from the corporate green transformation in China	8
The impact of proximity within elite corporate networks on the Shariah governance-firm performance nexus: Evidence from the global Shariah elite	8
Corporate digital transformation and idiosyncratic risk: Based on corporate governance perspective	8
How credit constrained are family-owned SMEs in Arab countries?	8
Minority shareholders protection and the incremental textual information in analysts' reports: A quasi-natural experiment in China	8
Unified or divided? Conflicting interests of controlling shareholders in corporate tax avoidance	8
Economic policy uncertainty, non-financial enterprises' shadow banking activities and stock price crash risk	8
Evaluation of the space-time effects of Covid-19 on household loans and savings in Romania - A spatial panel data approach at county level	8
State-dependent assessment of the deposit–credit channel in Latin America	8
Impact of cultural trade on foreign direct investment: Evidence from China	7
Climate policy and China's external balances	7
The intention to use cryptocurrency: A meta-analysis of what we know	7
Empirical analysis of corporate credit lines in a turbulent time: The case of Russia	7
How effective is the cash conversion cycle in improving firm performance? Evidence from BRICS	7
Does financial liberalization reduce income inequality? Evidence from Africa	7
Decentralized finance (literacy) today and in 2034: Initial insights from Singapore and beyond	7
Emerging equity markets in a globalized world	7
Will Southeast Asia be the next global manufacturing hub? A multiway cointegration, causality, and dynamic connectedness analyses	7
IPOhelper: Mining features in registration statements for listing prediction of technological innovation companies	7
The impact of currency depreciation and foreign exchange positions on bank lending: Evidence from an emerging market	7
Shadow banking and loan pricing of commercial banks: Evidence from China	7
To protect or to hide-an investigation on corporate redacted disclosure motives under new FAST act regulation	6
Does party organization embeddedness boost corporate environmental performance?	6
Nonlinear network connectedness: Assessing financial risk transmission in MENA and influence of external financial conditions	6
Climate risks, balance-of-payments constraints and central banking in emerging economies – Insights from Nigeria	6
Does compliance with screening standards affect the performance of firms?	6
Liquidity risk in FinTech lending: Early impact of the COVID-19 pandemic on the P2P lending market	6
The clarity of monetary policy communication and financial market volatility in developing economies	6
Optimal central banking policies: Envisioning the post-digital yuan economy with loan prime rate-setting	6
Enforcement actions and systemic risk	6
House price co-movement and labor migration: Evidence from China	6
Tail-event driven NETwork dependence in emerging markets	6
Are FX communications effective? Evidence from emerging markets	6
Public bank lending in Africa in times of crisis	6
Origin matters: Institutional imprinting and family firm innovation in China	5
Different lies to different audiences: Tax avoidance versus earnings inflation	5
A machine learning approach for comparing the largest firm effect	5
Corrigendum to “Enforcement actions and systemic risk” [Emerging Markets Review 59 (2024) 101115]	5
Hidden costs of separation: Exploring the effect of left-behind experiences on financial market participation in China	5
Rewiring finance for inclusion: Digital and traditional mechanisms in African banking	5
Digital divide and household portfolio investment efficiency: Evidence from China	5
A new measure of cyclical credit portfolio allocation under uncertainty: Evidence from the Vietnamese banking system	5
Interpersonal versus interbank lending networks: The role of intermediation in risk-sharing	5
Other people's money: A comparison of institutional investors	5

Does bank efficiency affect the bank lending channel in China?	5
Speculative trading, stock returns and asset pricing anomalies	5
Climate change disclosure and board dynamics: A study of Indian banks	5
Editorial Board	5
Beyond religion and culture: The economic consequences of the institutionalization of sharia law	5
Editorial Board	5
Risk substitution in cryptocurrencies: Evidence from BRICS announcements	5
Star analyst activities and stock price synchronicity: Korean equity market reforms	5
Credit risk in Islamic microfinance institutions: The role of women, groups, and rural borrowers	4
Culture imprint and gambling preference: Evidence from individual investors' trading in the Chinese stock market	4
Foreign exchange interventions and foreign shocks	4
Bank branching deregulation and the credit risk of the regional banking sector: Evidence from city commercial banks in China	4
A four-factor model for the Indonesia stock market	4
Loan spreads over the credit cycle	4
Collateral eligibility of credit claims and bank liquidity creation: Evidence from China	4
Investment under anticorruption: Evidence from the high-profile anticorruption campaign in Vietnam	4
Editorial Board	4
How does Russia's economy affect the region? Transmission channels and policy options	4
Carbon emissions and audit fees: Evidence from emerging markets	4
Growing pains: Vietnamese firms' operational efficiency and transition under the CPTPP	4
How does technological progress affect provincial financial resilience? Evidence at the provincial level in China	4
How does CEO famine experience affect corporate labour cost stickiness?	4
Central bank green communication and pollution premium: Evidence from China	4
Effect of climate-related risk on the costs of bank loans: Evidence from syndicated loan markets in emerging economies	4
Combating the rent-seeking among enterprises in China's emissions trading system	4
Cash holdings of minority family businesses in Indonesia	4
Integrity atmosphere and the cost of equity: Evidence from China	4
Editorial Board	4
The Nexus among board diversity and bank stability: Implications from gender, nationality and education	4
Corporate governance of weak stakeholders: Minority investors and investment efficiency	4
Demographic shifts and the strategic use of flexible off-budget debt tools	4
Judicial Independence and corporate labor investment: Evidence from China	4
Global commodity and equity markets spillovers to Africa during the COVID-19 pandemic	4
CEO characteristics and capital structure dynamics: Evidence from a transitional economy	4
The spillover effects of China's monetary policy shock: Evidence from B&R countries	4
The impact of institutional investors' corporate site visits on corporate social responsibility	4
CSR news and stock prices: A fine-grained analysis in an underexamined Muslim setting	4
Effect of accounting information manipulation on innovation: Evidence from China	4
Government ownership and stock price crash risk in banks: International evidence	4
Macroprudential policy and bank systemic risk: Does inflation targeting matter?	4
Regulators' work experience at local companies and SOEs' investment efficiency: Evidence from provincial SASAC leaders	4
Do corporate environmental violations affect trade credit? Evidence from China	3
Impact of asymmetry on exchange rate determination: The role of fundamentals	3
Large state-owned shareholders and social insurance contributions in private firms: Evidence from China	3
Optimizing systemic risk through credit network reconstruction	3
Disruptive technology and audit risks: Evidence from FTSE 100 companies	3
Connectedness and risk spillovers among sub-Saharan Africa and MENA equity markets	3
Signaling and FDI: Evidence from the international mega-events in China	3
Credit financing, accounting quality and distress under financial turmoil: Evidence from small partnerships	3
Global value chains in sub-Saharan Africa: The role of business regulations, policies and institutions	3
Risk-sharing networks, consumption, and asset allocation: Micro-evidence from China	3
Cutting corners, cutting dividends: Evidence from reverse mergers in China	3
From the core to the European periphery: Spillover effects of financial cycles	3
The innovation channel of monetary policy and credit supply shocks on firm investment: Evidence from R&D-intensive firms in India	3
Dynamic financial connectedness among the US, China, and countries of the Belt and Road Initiative	3
Innovation spillovers within business groups: Evidence from Korean chaebols	3
Kuwait Stock Exchange: A re-examination of seasonal anomalies	3
Analysis of the performance of Islamic gold-backed cryptocurrencies during the bear market of 2020	3
In the radiance of enlightenment: The influence of nontheistic religions on corporate default risk	3
Doom loops in Latin America	3
Threshold effects, technology purchasing, and firm outcomes: An absorptive capacity perspective	3
Chairperson's intra-country migrant marriage and corporate R&D investment: Evidence from Chinese family firms	3
A tale of two major emerging markets: How corporate financialization and financial risk shape R&D investments in India and China	3
How stressed are the banks? An inter-temporal network analysis	3
Dynamics and predictability in informal currency markets: The case of the Cuban Peso	3
The cyclicality of official bilateral lending: Which cycle do flows follow?	3
Modelling the demand for financial assets: The case of Sri Lanka	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