{"id":"https://openalex.org/W7204532092","doi":"https://doi.org/10.55991/j.rjef.93561","title":"PTIMIZING ALGORITHMIC TRADING STRATEGIES FOR EMERGING MARKETS: EVIDENCE FROM ESG-FOCUSED STOCKS IN BORSA ISTANBUL","display_name":"PTIMIZING ALGORITHMIC TRADING STRATEGIES FOR EMERGING MARKETS: EVIDENCE FROM ESG-FOCUSED STOCKS IN BORSA ISTANBUL","publication_year":2026,"publication_date":"2026-07-01","ids":{"openalex":"https://openalex.org/W7204532092","doi":"https://doi.org/10.55991/j.rjef.93561"},"language":"en","primary_location":{"id":"doi:10.55991/j.rjef.93561","doi":"https://doi.org/10.55991/j.rjef.93561","is_oa":true,"landing_page_url":"https://doi.org/10.55991/j.rjef.93561","pdf_url":"https://ipe.ro/ftp/RePEc/rjef2_2026/rjef2_2026p163-179.pdf","source":{"id":"https://openalex.org/S82530445","display_name":"Romanian Journal of Economic Forecasting","issn_l":"1582-6163","issn":["1582-6163","2537-6071"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","anvur-scientific","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Romanian Journal of Economic Forecasting","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://ipe.ro/ftp/RePEc/rjef2_2026/rjef2_2026p163-179.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032271940","display_name":"\u00c7a\u011fda\u015f G\u00fcnd\u00fcz","orcid":"https://orcid.org/0000-0002-2068-4951","observed_orcids":["https://orcid.org/0000-0002-2068-4951"]},"institutions":[{"id":"https://openalex.org/I48843708","display_name":"Pamukkale University","ror":"https://ror.org/01etz1309","country_code":"TR","type":"education","lineage":["https://openalex.org/I48843708"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"\u00c7a\u011fda\u015f G\u00dcND\u00dcZ","raw_affiliation_strings":["Pamukkale University, Faculty of Applied Sciences, Denizli, T\u00fcrkiye"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Pamukkale University, Faculty of Applied Sciences, Denizli, T\u00fcrkiye","institution_ids":["https://openalex.org/I48843708"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5035211728","display_name":"Fatih Akkoyun","orcid":"https://orcid.org/0000-0002-1432-8926","observed_orcids":["https://orcid.org/0000-0002-1432-8926"]},"institutions":[{"id":"https://openalex.org/I4387154896","display_name":"\u0130zmir Demokrasi \u00dcniversitesi","ror":"https://ror.org/04c152q53","country_code":"TR","type":"education","lineage":["https://openalex.org/I4387154896"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Fatih AKKOYUN","raw_affiliation_strings":["\u0130zmir Demokrasi University, Faculty of Engineering, \u0130zmir, T\u00fcrkiye"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u0130zmir Demokrasi University, Faculty of Engineering, \u0130zmir, T\u00fcrkiye","institution_ids":["https://openalex.org/I4387154896"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"29","issue":"2","first_page":"163","last_page":"179"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.8817999958992004,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.8817999958992004,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.11710000038146973,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/algorithmic-trading","display_name":"algorithmic trading","score":0.9940000176429749},{"id":"https://openalex.org/keywords/esg-stocks","display_name":"ESG stocks","score":0.8610000014305115},{"id":"https://openalex.org/keywords/borsa-istanbul","display_name":"Borsa Istanbul","score":0.9129999876022339},{"id":"https://openalex.org/keywords/bist-sustainability-index","display_name":"BIST Sustainability Index","score":0.8560000061988831},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.7120000123977661},{"id":"https://openalex.org/keywords/relative-strength-index","display_name":"relative strength index","score":0.8450000286102295},{"id":"https://openalex.org/keywords/simple-moving-average","display_name":"simple moving average","score":0.9900000095367432},{"id":"https://openalex.org/keywords/technical-indicators","display_name":"technical indicators","score":0.7160000205039978},{"id":"https://openalex.org/keywords/individual-investors","display_name":"retail investors","score":0.5410000085830688},{"id":"https://openalex.org/keywords/risk-management","display_name":"risk management","score":0.4390000104904175}],"concepts":[{"id":"https://openalex.org/C131562839","wikidata":"https://www.wikidata.org/wiki/Q1574928","display_name":"Trading strategy","level":2,"score":0.7138000130653381},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.6355999708175659},{"id":"https://openalex.org/C26517878","wikidata":"https://www.wikidata.org/wiki/Q228039","display_name":"Key (lock)","level":2,"score":0.5896000266075134},{"id":"https://openalex.org/C78508483","wikidata":"https://www.wikidata.org/wiki/Q139445","display_name":"Algorithmic trading","level":2,"score":0.5773000121116638},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5188000202178955},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5149000287055969},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.5149000287055969},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.482699990272522},{"id":"https://openalex.org/C158876240","wikidata":"https://www.wikidata.org/wiki/Q17105131","display_name":"Pairs trade","level":4,"score":0.44769999384880066},{"id":"https://openalex.org/C117245426","wikidata":"https://www.wikidata.org/wiki/Q235038","display_name":"Technical analysis","level":2,"score":0.44359999895095825},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4194999933242798},{"id":"https://openalex.org/C2779304628","wikidata":"https://www.wikidata.org/wiki/Q3503480","display_name":"Face (sociological concept)","level":2,"score":0.39079999923706055},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.3885999917984009},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3831000030040741},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.35120001435279846},{"id":"https://openalex.org/C172428447","wikidata":"https://www.wikidata.org/wiki/Q438711","display_name":"Alternative trading system","level":3,"score":0.33820000290870667},{"id":"https://openalex.org/C179262372","wikidata":"https://www.wikidata.org/wiki/Q778043","display_name":"Electronic trading","level":2,"score":0.3292999863624573},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.3215000033378601},{"id":"https://openalex.org/C2780586882","wikidata":"https://www.wikidata.org/wiki/Q7520643","display_name":"Simple (philosophy)","level":2,"score":0.27559998631477356},{"id":"https://openalex.org/C61797465","wikidata":"https://www.wikidata.org/wiki/Q1188986","display_name":"Term (time)","level":2,"score":0.263700008392334},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.26260000467300415},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2574999928474426},{"id":"https://openalex.org/C24683644","wikidata":"https://www.wikidata.org/wiki/Q138372","display_name":"High-frequency trading","level":3,"score":0.2508000135421753}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.55991/j.rjef.93561","doi":"https://doi.org/10.55991/j.rjef.93561","is_oa":true,"landing_page_url":"https://doi.org/10.55991/j.rjef.93561","pdf_url":"https://ipe.ro/ftp/RePEc/rjef2_2026/rjef2_2026p163-179.pdf","source":{"id":"https://openalex.org/S82530445","display_name":"Romanian Journal of Economic Forecasting","issn_l":"1582-6163","issn":["1582-6163","2537-6071"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","anvur-scientific","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Romanian Journal of Economic Forecasting","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.55991/j.rjef.93561","doi":"https://doi.org/10.55991/j.rjef.93561","is_oa":true,"landing_page_url":"https://doi.org/10.55991/j.rjef.93561","pdf_url":"https://ipe.ro/ftp/RePEc/rjef2_2026/rjef2_2026p163-179.pdf","source":{"id":"https://openalex.org/S82530445","display_name":"Romanian Journal of Economic Forecasting","issn_l":"1582-6163","issn":["1582-6163","2537-6071"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","anvur-scientific","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Romanian Journal of Economic Forecasting","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7204532092.pdf","grobid_xml":"https://content.openalex.org/works/W7204532092.grobid-xml"},"referenced_works_count":20,"referenced_works":["https://openalex.org/W2090637028","https://openalex.org/W2131773668","https://openalex.org/W2888144376","https://openalex.org/W2966607134","https://openalex.org/W3011387630","https://openalex.org/W3018758730","https://openalex.org/W3022154484","https://openalex.org/W3047659929","https://openalex.org/W3170454297","https://openalex.org/W3216383863","https://openalex.org/W4205505376","https://openalex.org/W4221084605","https://openalex.org/W4240307802","https://openalex.org/W4280620998","https://openalex.org/W4289921098","https://openalex.org/W4386304046","https://openalex.org/W4388411013","https://openalex.org/W4392607646","https://openalex.org/W4400105331","https://openalex.org/W4401417635"],"related_works":["https://openalex.org/W7078844584","https://openalex.org/W2519458038","https://openalex.org/W7204651357","https://openalex.org/W7165013509","https://openalex.org/W7171683696","https://openalex.org/W7213653144","https://openalex.org/W7216341872","https://openalex.org/W7118636742","https://openalex.org/W7125187803","https://openalex.org/W2271367916"],"abstract_inverted_index":{"Today,":[0],"algorithmic":[1],"trading":[2,37,43,110],"(AT)":[3],"plays":[4],"a":[5,35],"crucial":[6],"role":[7,101],"in":[8,40,85,106],"financial":[9],"forecasting.":[10],"This":[11],"study":[12,77],"explores":[13],"AT":[14,83],"strategies":[15,84],"for":[16,45,90],"an":[17],"emerging":[18,86],"market,":[19],"Borsa":[20],"\u0130stanbul":[21],"(BIST).":[22],"Analyzing":[23],"Environmental,":[24],"Social,":[25],"and":[26,54,61,96],"Governance":[27],"(ESG)-focused":[28],"stocks":[29],"from":[30],"the":[31,79,100],"BIST":[32],"Sustainability":[33],"Index,":[34],"robotic":[36],"algorithm":[38],"implemented":[39],"C#":[41],"optimizes":[42],"parameters":[44],"return.":[46,97],"Key":[47],"technical":[48],"indicators;":[49],"Relative":[50],"Strength":[51],"Index":[52],"(RSI)":[53],"Simple":[55],"Moving":[56],"Average":[57],"(SMA)":[58],"evaluate":[59],"trends":[60],"improve":[62],"decisions.":[63],"Results":[64],"show":[65],"longer":[66],"timeframes":[67],"achieve":[68],"higher":[69],"profitability,":[70],"while":[71],"shorter":[72],"intervals":[73],"face":[74],"volatility.":[75],"The":[76],"underlines":[78],"potential":[80],"of":[81,102],"tailored":[82],"markets,":[87],"offering":[88],"insights":[89],"small":[91],"investors":[92],"to":[93],"manage":[94],"risk":[95],"Findings":[98],"emphasize":[99],"local":[103],"market":[104],"dynamics":[105],"building":[107],"robust,":[108],"algorithm-driven":[109],"solutions.":[111]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2026-08-29T00:00:00"}
