Borsa Istanbul Review最新文献_第10页

The determinants of financial risk tolerance and portfolio allocation: Have the Covid-19 pandemic and the Ukraine war affected our risk tolerance? 金融风险承受能力和投资组合分配的决定因素：Covid-19 大流行病和乌克兰战争是否影响了我们的风险承受能力？

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.11.001

Adna Omanovic , Azra Zaimovic

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引用次数: 0

Market reactions to the Israel-hamas conflict: A comparative event study of the US and Chinese markets 市场对以色列-哈马斯冲突的反应：中美市场事件比较研究

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.10.005

Rizky Yudaruddin , Dadang Lesmana , İbrahim Halil Ekşi , William Ginn

引用次数: 0

Stock market responses to economic sanctions: Evaluating the roles of national reserves and financial market access 股市对经济制裁的反应：评估国家储备和金融市场准入的作用

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.10.006

Ahmed Alwadeai , Nataliia Vlasova , Hadi Mareeh , Nadeem Aljonaid

{"title":"Stock market responses to economic sanctions: Evaluating the roles of national reserves and financial market access","authors":"Ahmed Alwadeai , Nataliia Vlasova , Hadi Mareeh , Nadeem Aljonaid","doi":"10.1016/j.bir.2024.10.006","DOIUrl":"10.1016/j.bir.2024.10.006","url":null,"abstract":"<div><div>Economic sanctions significantly influence stock market capitalization and have critical implications for the national economy. This study investigates the impact of economic sanctions on stock market capitalization, focusing on the roles of national reserves and financial market access in mitigating these effects, utilizing a sample of 87 countries from 2000 to 2021 and employing a two-step system generalized method of moments (GMM) approach to analyze panel data. The findings reveal that economic sanctions, including trade and financial sanctions, significantly reduce stock market capitalization. However, this negative impact diminishes over time as markets adapt. Moreover, higher national reserves and enhanced financial market accessibility can mitigate the adverse effects of sanctions. Case studies in Russia, Iran, China, and Ukraine further validate these results. This study refines economic models, such as the capital asset pricing model (CAPM) and country risk model (CRM), by including sanction intensity, national reserves, and financial market accessibility, offering valuable insights for policymakers and investors dealing with international sanctions.</div></div>","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":"24 6","pages":"Pages 1358-1372"},"PeriodicalIF":6.3,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142723963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How does green investment respond to ICT and financial development? 绿色投资如何应对信息通信技术和金融发展？

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.06.003

Rongjia Chen , Muhammad Tariq Majeed

{"title":"How does green investment respond to ICT and financial development?","authors":"Rongjia Chen , Muhammad Tariq Majeed","doi":"10.1016/j.bir.2024.06.003","DOIUrl":"10.1016/j.bir.2024.06.003","url":null,"abstract":"<div><div>Green investment has become the most effective option to support the efforts to mitigate worldwide climate change. Due to the efficacy of green investment in tackling climate change and global warming, researchers are searching for the factors that can boost green investment. Therefore, this analysis aims to investigate the efficacy of information and communications technology (ICT) and financial development in promoting green investment in the most polluted economies. The study analyzes aggregate data from the most polluted economies using the 2SLS, GMM, and instrumental variables quantile regression estimators. In addition, we also perform regional analysis by disaggregating the data into four regions: Asia, America, Africa, and Europe. The results reveal that ICT, financial development, financial institutions, and financial markets boost green investment in the most polluted economies. However, the regional analysis confirms the favorable influence of ICT on green investment in all the regions, while financial development boosts green investment in all the regions except Africa; financial institutions and financial market development promote green investment in America and Europe. Therefore, we suggest that policymakers must increase their reliance on ICT and the financial sector while designing a policy to promote green investment.</div></div>","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":"24 6","pages":"Pages 1067-1076"},"PeriodicalIF":6.3,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141404649","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

From global tensions to regional integration: An analysis of bond market convergence in East Asia 从全球紧张局势到地区一体化：东亚债券市场趋同分析

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.06.006

An Thi Thuy Duong

引用次数: 0

Socially responsible engagement and firm performance in emerging markets: Testing the mediating effect of intellectual capital 新兴市场中的社会责任参与与公司业绩：检验知识资本的中介效应

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.07.012

Gizem Arı , Merve Karacaer , Semra Karacaer

引用次数: 0

ESG rating uncertainty and institutional investment—evidence from China 环境、社会和治理评级的不确定性与机构投资--来自中国的证据

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.07.001

Miao Zeng , Xiaoyu Zhu , Xin Deng , Jiang Du

引用次数: 0

Do subsidized export credits affect firms’ behavior in the FX market? Micro evidence from Türkiye 补贴出口信贷会影响企业在外汇市场上的行为吗？来自土耳其的微观证据

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.06.004

Ünal Seven, Ertan Tok

引用次数: 0

Cross-border sovereign risk transmission in BRICIT Nations: Unveiling asymmetries and the role of country risk premiums 金砖四国的跨境主权风险传递：揭示不对称现象和国家风险溢价的作用

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.07.010

Pawan Kumar, Vipul Kumar Singh

{"title":"Cross-border sovereign risk transmission in BRICIT Nations: Unveiling asymmetries and the role of country risk premiums","authors":"Pawan Kumar, Vipul Kumar Singh","doi":"10.1016/j.bir.2024.07.010","DOIUrl":"10.1016/j.bir.2024.07.010","url":null,"abstract":"<div><div>This research highlights the asymmetric interdependence structure among the sovereign risks of Brazil, Russia, India, China, Indonesia, and Türkiye (BRICIT) nations, challenging the traditional view that bilateral trade is the main channel for cross-border spillover effects. Despite their dependence on Russian crude oil imports for energy, the BRICIT nations show no significant sovereign risk interdependence with Russia. The study finds that Indonesia's credit default swap (CDS) has the highest level of interdependence with other nations. Further exploration of alternative transmission channels necessitates an examination of the country risk premium, revealing Türkiye as the most vulnerable nation due to its negative association with the CDS of other countries, particularly India. By contrast, India is identified as a preferred investment destination, thanks to its lower uncertainty and strong GDP growth over the past decade. Additionally, the research underscores China's economic influence, demonstrated by its positive association with all other BRICIT nations. This suggests that despite the high sovereign risk associated with China, investors do not view other emerging markets as viable, lower-risk alternatives. The perceived risk related to China appears to extend beyond its borders, impacting the sovereign risk profiles of other emerging economies.</div></div>","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":"24 6","pages":"Pages 1263-1274"},"PeriodicalIF":6.3,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142723959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The factors influencing the selection of fund management companies by Malaysian retail investors in the context of islamic unit trust funds 在伊斯兰单位信托基金的背景下，影响马来西亚散户投资者选择基金管理公司的因素

IF 6.3 2区经济学

Borsa Istanbul Review Pub Date : 2024-11-01 DOI: 10.1016/j.bir.2024.06.007

Salim Bouzekouk, Fadillah Mansor

引用次数: 0