{"title":"Contribution to the measurement of digital financial inclusion in Sub-Saharan Africa","authors":"Christian KAMENGA MAPURITA, Célestin Mayoukou","doi":"10.1016/j.bir.2024.07.007","DOIUrl":"https://doi.org/10.1016/j.bir.2024.07.007","url":null,"abstract":"","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141715078","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rapid Credit Expansion and Firm Behavior: A Case Study from Türkiye","authors":"Dr İbrahim Yarba, Tarık Alperen Er, Aykut Şengül","doi":"10.1016/j.bir.2024.07.003","DOIUrl":"https://doi.org/10.1016/j.bir.2024.07.003","url":null,"abstract":"","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141705793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does data assetisation improve corporate liquidity and corporate growth? Evidence from “hidden champion” SMEs in China","authors":"Lili Chen","doi":"10.1016/j.bir.2024.07.008","DOIUrl":"https://doi.org/10.1016/j.bir.2024.07.008","url":null,"abstract":"","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141694988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A feasible approach to projecting household demand for the digital ruble in Russia","authors":"Vadim Grishchenko, Alexey Ponomarenko, Sergey Seleznev","doi":"10.1016/j.bir.2024.03.011","DOIUrl":"10.1016/j.bir.2024.03.011","url":null,"abstract":"<div><p>We estimate a model of household use of alternative payment instruments (cash and bank cards) using a new dataset from a survey of Russian households. In our model, household preferences are determined by the perceived attributes of these instruments, and hence their choice regarding payment methods depends on the differences in these characteristics across these instruments. The results indicate that consumer choice is sensitive to the perceived characteristics at statistically significant level. We employ the estimated model to evaluate demand for central bank digital currency (CBDC), based on its expected design and consumer perceptions of it. We discuss several illustrative projections to demonstrate the application of the tool developed. The predicted use of CBDC varies considerably, depending on the perceived characteristics, although the projected use of CBDC in household transactions is limited under conservative assumptions: the projected share of digital rubles in the total number of transactions varies from 18 percent to 35 percent.</p></div>","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214845024000528/pdfft?md5=2c224e2554e9206a47a265804d001ec3&pid=1-s2.0-S2214845024000528-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140401562","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}
{"title":"The factors influencing the selection of fund management companies by Malaysian retail investors in the context of islamic unit trust funds","authors":"Salim Bouzekouk, Fadillah Mansor","doi":"10.1016/j.bir.2024.06.007","DOIUrl":"https://doi.org/10.1016/j.bir.2024.06.007","url":null,"abstract":"The purpose of this study is to analyze the impact of fund management companies' past performance, fees, perceived religiosity, and perceived risk on Malaysian Muslim investors' attitude toward them. The moderating effects of investor risk aversion, price sensitivity, religiosity, and Islamic financial literacy are considered. A model based on the unified theory of acceptance and use of technology is built to analyze the impact of the variables considered. The study data were collected using a survey of 550 Malaysian retail investors. Our findings show that Muslim investor attitudes are negatively affected by the perceived risk of a fund management company and positively affected by a fund management company's perceived religiosity and past performance. Moreover, the perceived religiosity impact is positively moderated by an investor's Islamic financial literacy and negatively moderated by the investor's price sensitivity. Practical implications of the results and avenues for further investigation in future research are discussed.","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":5.2,"publicationDate":"2024-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141501716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"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":"https://doi.org/10.1016/j.bir.2024.06.003","url":null,"abstract":"","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":5.2,"publicationDate":"2024-06-01","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":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"From Global Tensions to Regional Integration: An Analysis of Bond Market Convergence in East Asia","authors":"An Duong","doi":"10.1016/j.bir.2024.06.006","DOIUrl":"https://doi.org/10.1016/j.bir.2024.06.006","url":null,"abstract":"","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":5.2,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141404967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do Subsidized Export Credits Affect Firms’ Behavior in the FX Market? Micro Evidence from Türkiye","authors":"Ünal Seven, Ertan Tok","doi":"10.1016/j.bir.2024.06.004","DOIUrl":"https://doi.org/10.1016/j.bir.2024.06.004","url":null,"abstract":"","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":5.2,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141410510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The puzzle of convex/concave ESG returns and large banks in MENA region countries","authors":"Ray Saadaoui Mallek , Mohamed Albaity , Ijaz Ur-Rehman , Shanmugam Thangavelu","doi":"10.1016/j.bir.2024.03.007","DOIUrl":"10.1016/j.bir.2024.03.007","url":null,"abstract":"<div><p>This study examines the linear and nonlinear impacts of the environmental, social, and governance (ESG) components on bank stock returns in the region of the Middle East and North Africa (MENA). It also investigates the impact of bank size on the nexus between ESG and bank stock returns. Using a sample of 59 banks from the 12 countries in the MENA region between 2010 and 2021 and applying generalized quantile regression, we find the following. Our results suggest that ESG components and bank stock returns have a nonlinear relationship. In other words, the link between the ESG components and stock market returns could be U-shaped, inverted U-shaped, or both. Additionally, we find that size influences the link between the ESG pillars and bank stock returns. With few exceptions, large banks strengthened the positive link between ESG components and stock returns. Our findings align with the concept of “too little of a good thing” or “too much of a good thing” effects, along with the law of diminishing marginal returns.</p></div>","PeriodicalId":46690,"journal":{"name":"Borsa Istanbul Review","volume":null,"pages":null},"PeriodicalIF":5.2,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214845024000486/pdfft?md5=990264a1eb19b1839d860383d8eb507c&pid=1-s2.0-S2214845024000486-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140146906","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}