Financial Innovation

Article	Citations
Fintech investments in European banks: a hybrid IT2 fuzzy multidimensional decision-making approach	230
Cryptocurrency trading: a comprehensive survey	194
Dynamic connectedness between stock markets in the presence of the COVID-19 pandemic: does economic policy uncertainty matter?	152
Forecasting and trading cryptocurrencies with machine learning under changing market conditions	104
Forecasting directional movement of Forex data using LSTM with technical and macroeconomic indicators	102
Opinion dynamics in finance and business: a literature review and research opportunities	100
How does financial literacy impact on inclusive finance?	91
Impact of the COVID-19 outbreak on the US equity sectors: Evidence from quantile return spillovers	90
Discovering interlinkages between major cryptocurrencies using high-frequency data: new evidence from COVID-19 pandemic	79
Regime specific spillover across cryptocurrencies and the role of COVID-19	74
Dynamic spillovers between the term structure of interest rates, bitcoin, and safe-haven currencies	74
The impact of the COVID-19 outbreak on Chinese-listed tourism stocks	72
Comprehensive review of text-mining applications in finance	72
Fintech, regtech, and financial development: evidence from China	67
Financial technology and the future of banking	65
Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach	64
Digital finance and renewable energy consumption: evidence from China	61
Insights into financial technology (FinTech): a bibliometric and visual study	58
COVID-19 and instability of stock market performance: evidence from the U.S.	58
Survey of feature selection and extraction techniques for stock market prediction	52
Automated market makers and decentralized exchanges: a DeFi primer	52
Forecasting the volatility of EUA futures with economic policy uncertainty using the GARCH-MIDAS model	52
Spillover and quantile linkage between oil price shocks and stock returns: new evidence from G7 countries	51
A hybrid heterogeneous Pythagorean fuzzy group decision modelling for crowdfunding development process pathways of fintech-based clean energy investment projects	50
Preventing crash in stock market: The role of economic policy uncertainty during COVID-19	49

Bitcoin price change and trend prediction through twitter sentiment and data volume	48
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis	48
A bibliometric review of cryptocurrencies: how have they grown?	45
The impact of carbon emission trading policy on firms’ green innovation in China	44
How time-inconsistent preferences influence venture capital exit decisions? A new perspective for grandstanding	43
Investor sentiments and stock markets during the COVID-19 pandemic	42
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	42
An efficient stock market prediction model using hybrid feature reduction method based on variational autoencoders and recursive feature elimination	39
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	38
Tail spillover effects between cryptocurrencies and uncertainty in the gold, oil, and stock markets	37
Exploring biometric identification in FinTech applications based on the modified TAM	35
Does board gender diversity affect firm performance? Empirical evidence from Standard & Poor’s 500 Information Technology Sector	35
Has COVID-19 changed the stock return-oil price predictability pattern?	34
Liquidity connectedness in cryptocurrency market	32
Financial development during COVID-19 pandemic: the role of coronavirus testing and functional labs	32
A literature review and integrated framework for the determinants of crowdfunding success	32
Time–frequency co-movement and risk connectedness among cryptocurrencies: new evidence from the higher-order moments before and during the COVID-19 pandemic	31
Pandemic or panic? A firm-level study on the psychological and industrial impacts of COVID-19 on the Chinese stock market	31
Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes	30
Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system	30
A hybrid decision support system with golden cut and bipolar q-ROFSs for evaluating the risk-based strategic priorities of fintech lending for clean energy projects	28
Portfolio diversification benefits of alternative currency investment in Bitcoin and foreign exchange markets	28
COVID-19 pandemic and the crude oil market risk: hedging options with non-energy financial innovations	28
Do biometric payment systems work during the COVID-19 pandemic? Insights from the Spanish users' viewpoint	27
Speculative bubbles and herding in cryptocurrencies	27
Co-movement of commodity price indexes and energy price index: a wavelet coherence approach	27
Effects of investor sentiment on stock volatility: new evidences from multi-source data in China’s green stock markets	26
Markets in crypto-assets regulation: Does it provide legal certainty and increase adoption of crypto-assets?	25
The transaction behavior of cryptocurrency and electricity consumption	25
Online payment fraud: from anomaly detection to risk management	24
Does country risk impact the banking sectors’ non-performing loans? Evidence from BRICS emerging economies	24
How does Covid-19 affect global equity markets?	24
Analysis of financial development and open innovation oriented fintech potential for emerging economies using an integrated decision-making approach of MF-X-DMA and golden cut bipolar q-ROFSs	24
A multicriteria credit scoring model for SMEs using hybrid BWM and TOPSIS	24
S&P BSE Sensex and S&P BSE IT return forecasting using ARIMA	24
Dynamic connectedness and network in the high moments of cryptocurrency, stock, and commodity markets	23
Shadow banking: a bibliometric and content analysis	22
Impact of CEO attributes on corporate reputation, financial performance, and corporate sustainable growth: evidence from India	22
How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework	22
Can the Baidu Index predict realized volatility in the Chinese stock market?	22
COVID-19 pandemic risk and probability of loan default: evidence from marketplace lending market	22
The time-varying causal relationship between the Bitcoin market and internet attention	21
Uncertainty index and stock volatility prediction: evidence from international markets	20
Empirical evidence on the ownership and liquidity of real estate tokens	20
Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects	20
Could more innovation output bring better financial performance? The role of financial constraints	20
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	20
Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review	20
Asymmetric nexus between commercial policies and consumption-based carbon emissions: new evidence from Pakistan	20
Central bank digital currency, loan supply, and bank failure risk: a microeconomic approach	19

Analysis of the cryptocurrency market using different prototype-based clustering techniques	19
Initial coin offerings (ICOs): Why do they succeed?	19
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	19
Voluntary tax compliance behavior of individual taxpayers in Pakistan	18
Using ELECTRE-TRI and FlowSort methods in a stock portfolio selection context	18
A self-employed taxpayer experimental study on trust, power, and tax compliance in eleven countries	18
Governing the gold rush into emerging markets: a case study of Indonesia’s regulatory responses to the expansion of Chinese-backed online P2P lending	18
Lottery-like preferences and the MAX effect in the cryptocurrency market	17
On the role of stablecoins in cryptoasset pricing dynamics	16
The macroeconomic effects of COVID-19 in Montenegro: a Bayesian VARX approach	16
Overconfidence and the adoption of robo-advice: why overconfident investors drive the expansion of automated financial advice	16
Stock prices and economic activity nexus in OECD countries: new evidence from an asymmetric panel Granger causality test in the frequency domain	16
Clues from networks: quantifying relational risk for credit risk evaluation of SMEs	16
DAViS: a unified solution for data collection, analyzation, and visualization in real-time stock market prediction	16
Did green debt instruments aid diversification during the COVID-19 pandemic?	16
Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets	16
Hybrid data decomposition-based deep learning for Bitcoin prediction and algorithm trading	16
Prioritizing real estate enterprises based on credit risk assessment: an integrated multi-criteria group decision support framework	16
Raising capital amid economic policy uncertainty: an empirical investigation	16
Understanding the adoption context of China’s digital currency electronic payment	15
High frequency multiscale relationships among major cryptocurrencies: portfolio management implications	15
Can news-based economic sentiment predict bubbles in precious metal markets?	15
Supportive tactics for innovative and sustainability performance in emerging SMEs	15
Factors affecting consumer acceptance of electronic cash in China: an empirical study	15
Toward a sustainable growth path in Arab economies: an extension of classical growth model	14
Does financial development moderate the link between technological innovation and environmental indicators? An advanced panel analysis	14
Consumer lending efficiency: commercial banks versus a fintech lender	14
Fundamental and speculative components of the cryptocurrency pricing dynamics	14
Cryptocurrencies, gold, and WTI crude oil market efficiency: a dynamic analysis based on the adaptive market hypothesis	14
Machine learning approach to drivers of bank lending: evidence from an emerging economy	14
How text sentiment moderates the impact of motivational cues on crowdfunding campaigns	14
Do the RMB exchange rate and global commodity prices have asymmetric or symmetric effects on China’s stock prices?	14
Analysing the behavioural finance impact of 'fake news' phenomena on financial markets: a representative agent model and empirical validation	13
Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target	13
Size matters: analyzing bank profitability and efficiency under the Basel III framework	13
Asymmetric relationship between global and national factors and domestic food prices: evidence from Turkey with novel nonlinear approaches	13
Manipulation of the Bitcoin market: an agent-based study	13
Understanding the financial innovation priorities for renewable energy investors via QFD-based picture fuzzy and rough numbers	13
Blockchain technology-based FinTech banking sector involvement using adaptive neuro-fuzzy-based K-nearest neighbors algorithm	13
Exploring the asymmetric effect of COVID-19 pandemic news on the cryptocurrency market: evidence from nonlinear autoregressive distributed lag approach and frequency domain causality	13
Recent innovation in benchmark rates (BMR): evidence from influential factors on Turkish Lira Overnight Reference Interest Rate with machine learning algorithms	13
Implied volatility estimation of bitcoin options and the stylized facts of option pricing	13
Impact of COVID-19 on G20 countries: analysis of economic recession using data mining approaches	13
A study of the factors affecting mobile money penetration rates in the West African Economic and Monetary Union (WAEMU) compared with East Africa	13
Pricing, management and decision-making of financial markets with artificial intelligence: introduction to the issue	13
Are “Internet+” tactics the key to poverty alleviation in China’s rural ethnic minority areas? Empirical evidence from Sichuan Province	12
Default rules in investment decision-making: trait anxiety and decision-making styles	12
A wavelet approach of investing behaviors and their effects on risk exposures	12
The predictive power of Bitcoin prices for the realized volatility of US stock sector returns	12
What explains the technical efficiency of banks in Tunisia? Evidence from a two-stage data envelopment analysis	12
The witching week of herding on bitcoin exchanges	12
Open banking and inclusive finance in the European Union: perspectives from the Dutch stakeholder ecosystem	11
A hybrid neuro fuzzy decision-making approach to the participants of derivatives market for fintech investors in emerging economies	11
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	11
Intraday patterns of price clustering in Bitcoin	11
Non-fungible tokens: a bubble or the end of an era of intellectual property rights	11
Does access to credit reduce SMEs’ tax avoidance? Evidence from a regression discontinuity design	11
Take Bitcoin into your portfolio: a novel ensemble portfolio optimization framework for broad commodity assets	11
The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan	11
Management disclosure of risk factors and COVID-19	11
Identifying the key factors of subsidiary supervision and management using an innovative hybrid architecture in a big data environment	11
An overview of Fintech applications to solve the puzzle of health care funding: state-of-the-art in medical crowdfunding	11
Hedge effectiveness of put replication, gold, and oil on ASEAN-5 equities	10
Tax avoidance and earnings management: a neural network approach for the largest European economies	10
The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking	10
To supervise or to self-supervise: a machine learning based comparison on credit supervision	10
A modified EDAS model for comparison of mobile wallet service providers in India	10
Signals in equity-based crowdfunding and risk of failure	10
Tone of language, financial disclosure, and earnings management: a textual analysis of form 20-F	10
Diversification evidence of bitcoin and gold from wavelet analysis	9
Data envelopment analysis for scale elasticity measurement in the stochastic case: with an application to Indian banking	9
Cryptocurrency technology revolution: are Bitcoin prices and terrorist attacks related?	9
The role of natural resources in financial expansion: evidence from Central Asia	9
Research on interaction of innovation spillovers in the AI, Fin-Tech, and IoT industries: considering structural changes accelerated by COVID-19	9
A joint inventory–finance model for coordinating a capital-constrained supply chain with financing limitations	9
Linearity extensions of the market model: a case of the top 10 cryptocurrency prices during the pre-COVID-19 and COVID-19 periods	9
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	9
Smart cities from low cost to expensive solutions under an optimal analysis	9
Does supplier concentration matter to investors during the COVID-19 crisis: evidence from China?	9
A high-dimensionality-trait-driven learning paradigm for high dimensional credit classification	9

Introduction to the special issue on Impact of COVID-19 and cryptocurrencies on the global financial market	9
Spillovers of US unconventional monetary policy: quantitative easing, spreads, and international financial markets	9
Entrepreneurial, institutional and financial strategies for FinTech profitability	8
A closed-form pricing formula for European options in an illiquid asset market	8
How much do social connections matter in fundraising outcomes?	8
Governance of artificial intelligence applications in a business audit via a fusion fuzzy multiple rule-based decision-making model	8
The effect of overseas investors on local market efficiency: evidence from the Shanghai/Shenzhen–Hong Kong Stock Connect	8
Can investors profit by utilizing technical trading strategies? Evidence from the Korean and Chinese stock markets	8
Operational risk assessment of third-party payment platforms: a case study of China	8
The role of R&D and economic policy uncertainty in Sri Lanka’s economic growth	7
Application of a distributed verification in Islamic microfinance institutions: a sustainable model	7
To jump or not to jump: momentum of jumps in crude oil price volatility prediction	7
An analysis of the acquisition of a monetary function by cryptocurrency using a multi-agent simulation model	7
Complex network analysis of global stock market co-movement during the COVID-19 pandemic based on intraday open-high-low-close data	7
Online risk-based portfolio allocation on subsets of crypto assets applying a prototype-based clustering algorithm	7
Impact of COVID-19 effective reproductive rate on cryptocurrency	7
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	7
Introduction of the special issue on COVID-19 and the financial and economic systems	7
Fintech platforms: Lax or careful borrowers’ screening?	7
Applying multivariate-fractionally integrated volatility analysis on emerging market bond portfolios	7
Energy crypto currencies and leading U.S. energy stock prices: are Fibonacci retracements profitable?	7
The linkage between Bitcoin and foreign exchanges in developed and emerging markets	7
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	7
COVID-19 and tourism sector stock price in Spain: medium-term relationship through dynamic regression models	7
The explosion in cryptocurrencies: a black hole analogy	7
Operational and investment efficiency of investment trust companies: Do foreign firms outperform domestic firms?	7
Consumer choices under new payment methods	7
Fintech research: systematic mapping, classification, and future directions	6
A model-free approach to do long-term volatility forecasting and its variants	6
How to govern greenwashing behaviors in green finance products: a tripartite evolutionary game approach	6
Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific	6
The nature and sources of international variation in formal institutions related to initial coin offerings: preliminary findings and a research agenda	6
On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum	6
Effect of blockchain technology initiatives on firms’ market value	6
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	6
Extreme dependencies and spillovers between gold and stock markets: evidence from MENA countries	6
Impact of learning through credit and value creation on the efficiency of Japanese commercial banks	6
Improvement in Hurst exponent estimation and its application to financial markets	6
Modelling the dynamics of stock market in the gulf cooperation council countries: evidence on persistence to shocks	6
On the factors of Bitcoin’s value at risk	6
Evaluating the resource management and profitability efficiencies of US commercial banks from a dynamic network perspective	5
Excess stock returns and corporate environmental performance in China	5
Is pass-through of the exchange rate to restaurant and hotel prices asymmetric in the US? Role of monetary policy uncertainty	5
A new hybrid method with data-characteristic-driven analysis for artificial intelligence and robotics index return forecasting	5
Cloud economy and its relationship with China’s economy—a capital market-based approach	5
ARMA–GARCH model with fractional generalized hyperbolic innovations	5
A theory of very short-time price change: security price drivers in times of high-frequency trading	5
Modeling the link between environmental, social, and governance disclosures and scores: the case of publicly traded companies in the Borsa Istanbul Sustainability Index	5
Competition vs cooperation: renewable energy investment under cap-and-trade mechanisms	5
Detecting conflicts of interest in credit rating changes: a distribution dynamics approach	5
Blockchain and digital finance	5
Intelligent design: stablecoins (in)stability and collateral during market turbulence	5
The special issue: “Financial innovation for Emission Trading Scheme”	5
Bank efficiency in Middle East and North African countries: Does political connection type matter?	5
Tracking market and non-traditional sources of risks in procyclical and countercyclical hedge fund strategies under extreme scenarios: a nonlinear VAR approach	5
Volatility spillovers, structural breaks and uncertainty in technology sector markets	5
Discovering optimal weights in weighted-scoring stock-picking models: a mixture design approach	5
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	5
Network DEA based on DEA-ratio	5
Are suspicious activity reporting requirements for cryptocurrency exchanges effective?	5
Industry return lead-lag relationships between the US and other major countries	4
Cooperative management of an emission trading system: a private governance and learned auction for a blockchain approach	4
User acceptance of social network-backed cryptocurrency: a unified theory of acceptance and use of technology (UTAUT)-based analysis	4
A new analytical approach for identifying market contagion	4
Do U.S. economic conditions at the state level predict the realized volatility of oil-price returns? A quantile machine-learning approach	4
Near is more: learning efficiency in research and development innovation among interlocking firms	4
Gazing through the bubble: an experimental investigation into financial risk-taking using eye-tracking	4
Sovereign default network and currency risk premia	4
FDI-growth and trade-growth relationships during crises: evidence from Bangladesh	4
Stressed portfolio optimization with semiparametric method	4
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	4
The function and impact of cryptocurrency and data technology in the context of financial technology: introduction to the issue	4
Artificial neural network analysis of the day of the week anomaly in cryptocurrencies	4
Novel modelling strategies for high-frequency stock trading data	4
Light a lamp and look at the stock market	4
Predicting the returns of the US real estate investment trust market: evidence from the group method of data handling neural network	4
Capital mobility in Latin American and Caribbean countries: new evidence from dynamic common correlated effects panel data modeling	4
Bitcoin: a new proof-of-work system with reduced variance	4
Stock profiling using time–frequency-varying systematic risk measure	4
The impact of working capital management on credit rating	4
Combined soft measurement on key indicator parameters of new competitive advantages for China's export	4
Probability of informed trading during the COVID-19 pandemic: the case of the Romanian stock market	4
Pattern recognition of financial innovation life cycle for renewable energy investments with integer code series and multiple technology S-curves based on Q-ROF DEMATEL	4
The impact of prestigious attorneys on IPO withdrawal in the global primary market	4
Female directors in the boardroom and intellectual capital performance: Does the “critical mass” matter?	4
Impact of financial literacy, perceived access to finance, ICT use, and digitization on credit constraints: evidence from Qatari MSME importers	4
Effects of financial development and capital accumulation on labor productivity in sub-Saharan Africa: new insight from cross sectional autoregressive lag approach	4
Currencies of greater interest for central Asian economies: an analysis of exchange market pressure amid global and regional interdependence	4
Nonlinear dynamics in Divisia monetary aggregates: an application of recurrence quantification analysis	4
Financial decision-making behaviors of Ethnic Tibetan Households based on mental accounting	4
Editor’s introduction	4