Financial Innovation

Article	Citations
Return direction forecasting: a conditional autoregressive shape model with beta density	265
Impact of learning through credit and value creation on the efficiency of Japanese commercial banks	235
From CFOs to crypto: exploratory study unraveling factors in corporate adoption	142
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	98
The nexus between the financial development and CO2 emissions: fresh evidence through time–frequency analyses	97
An automated adaptive trading system for enhanced performance of emerging market portfolios	87
Are suspicious activity reporting requirements for cryptocurrency exchanges effective?	84
Unlocking the diversification benefits of DeFi for ASEAN stock market portfolios: a quantile study	82
Impact of trading hours extensions on foreign exchange volatility: intraday evidence from the Moscow exchange	81
Cross-sectional anomalies and conditional asset pricing models based on investor sentiment: evidence from the Chinese stock market	75
DeepPricing: pricing convertible bonds based on financial time-series generative adversarial networks	72
A firm-specific Malmquist productivity index model for stochastic data envelopment analysis: an application to commercial banks	67
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis	64
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	61
A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market	58
Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets	57
Fintech, regtech, and financial development: evidence from China	56
Geographical distance and stock price synchronization: evidence from China	55
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	54
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	52
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	51
Cloud economy and its relationship with China’s economy—a capital market-based approach	50
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	49
Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects	49
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	48

Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	47
Stock liquidity, financial constraints, and innovation in Chinese SMEs	43
The impact of working capital management on credit rating	42
The use of high-frequency data in cryptocurrency research: a meta-review of literature with bibliometric analysis	42
The transaction behavior of cryptocurrency and electricity consumption	39
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	39
Editor’s introduction	38
Bank loan information and information asymmetry in the stock market: evidence from China	38
The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets	38
Editor’s introduction	38
Beyond the surface: advanced wash-trading detection in decentralized NFT markets	36
Upside and downside correlated jump risk premia of currency options and expected returns	35
Valuing options to renew at future market value: the case of commercial property leases	34
Corporate managers, price noise and the investment factor	34
The financial benefits of health engagement programs to life insurers	34
Belt and Road (B&R) initiative and its impact on financial research: introduction to the issue	33
Forecasting returns with machine learning and optimizing global portfolios: evidence from the Korean and U.S. stock markets	33
Does sustainability disclosure improve analysts’ forecast accuracy? Evidence from European banks	32
Blockchain and digital finance	31
Editor’s introduction	31
A hybrid framework for assessing Pakistani commercial bank performance using multi-criteria decision-making	31
Aspiration level, probability of success, and stock returns: an empirical test	30
Consumer choices under new payment methods	29
Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH	29
Non-fungible tokens: a bubble or the end of an era of intellectual property rights	28
Governance of artificial intelligence applications in a business audit via a fusion fuzzy multiple rule-based decision-making model	28
Fundamental and speculative components of the cryptocurrency pricing dynamics	28
What explains the technical efficiency of banks in Tunisia? Evidence from a two-stage data envelopment analysis	28
Tone of language, financial disclosure, and earnings management: a textual analysis of form 20-F	27
Cryptocurrency trading: a comprehensive survey	27
Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets	26
Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market	26
Bitcoin price change and trend prediction through twitter sentiment and data volume	26
Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target	25
Trusting the trustless blockchain for its adoption in accounting: theorizing the mediating role of technology-organization-environment framework	25
When you need them, they are not there: hedge capacities of cryptocurrencies disappear in downtrend markets	25
Innovative financial solutions for sustainable investments using artificial intelligence-based hybrid fuzzy decision-making approach in carbon capture technologies	24
Empirical evidence on the ownership and liquidity of real estate tokens	24
Herding and investor sentiment after the cryptocurrency crash: evidence from Twitter and natural language processing	24
Changing the whole game: effects of the COVID-19 pandemic's accelerated digitalization on European bank staff's data protection capabilities	24
Using ELECTRE-TRI and FlowSort methods in a stock portfolio selection context	23
Prioritizing real estate enterprises based on credit risk assessment: an integrated multi-criteria group decision support framework	23
Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review	22
Financial technology and the future of banking	22
A structural VAR and VECM modeling method for open-high-low-close data contained in candlestick chart	22
How does financial literacy impact on inclusive finance?	22
Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: evidence from public listed firms in Malaysia	22
A credit scoring model based on the Myers–Briggs type indicator in online peer-to-peer lending	22
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	22
Incorporating causal notions to forecasting time series: a case study	22

The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan	21
Decoding the future: a bibliometric exploration of blockchain in logistics	21
Option pricing mechanisms driven by backward stochastic differential equations	21
Portfolio management under capital market frictions: a grey clustering approach	21
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	20
A novel stochastic modeling framework for coal production and logistics through options pricing analysis	20
On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum	20
Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes	20
Evaluating the resource management and profitability efficiencies of US commercial banks from a dynamic network perspective	20
Implementation of deep learning models in predicting ESG index volatility	20
Forecasting relative returns for S&P 500 stocks using machine learning	20
A multidimensional review of the cash management problem	19
Latency arbitrage and the synchronized placement of orders	19
Detecting the lead–lag effect in stock markets: definition, patterns, and investment strategies	19
Design of the contingent royalty rate as related to the type of investment	19
Interlinkages across US sectoral returns: time-varying interconnectedness and hedging effectiveness	18
Dynamic spatiotemporal correlation coefficient based on adaptive weight	18
A probabilistic approach for the valuation of variance swaps under stochastic volatility with jump clustering and regime switching	18
Asymmetric threshold effects of digitization on inflation in emerging markets	17
ESG disagreement and corporate debt maturity: evidence from China	17
Editor’s introduction	17
Recent innovation in benchmark rates (BMR): evidence from influential factors on Turkish Lira Overnight Reference Interest Rate with machine learning algorithms	17
Tracing the ties that bind: navigating the static and dynamic connectedness between NFTs and equity markets in ASEAN based on QVAR-approach	17
Markets in crypto-assets regulation: Does it provide legal certainty and increase adoption of crypto-assets?	17
Correction to: High frequency multiscale relationships among major cryptocurrencies: portfolio management implications	17
The dynamics of frequency connectedness between technology ETFs and uncertainty indices under extreme market conditions	17
A theory of very short-time price change: security price drivers in times of high-frequency trading	16
Credit granting sorting model for financial organizations	16
Editor’s introduction	16
The witching week of herding on bitcoin exchanges	16
The volatility mechanism and intelligent fusion forecast of new energy stock prices	16
Network DEA based on DEA-ratio	16
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	15
Analysis of the cryptocurrency market using different prototype-based clustering techniques	15
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	15
Bitcoin as a financial asset: a survey	15
Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific	15
Editorial to special issue “Hidden market linkages between Bitcoin, cryptocurrencies and financial markets: Evidence from high-frequency data and higher-order moments” in financial innovation	15
Google search volume index and investor attention in stock market: a systematic review	15
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	15
Editor’s introduction	15
Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone	15
Market value of R&D, patents, and CEO characteristics	15
On the factors of Bitcoin’s value at risk	15
Analyzing the barriers to blockchain adoption in supply chain finance using an integrated interval-valued Fermatean fuzzy RAFSI model	15
Dynamics of the relationship between stock markets and exchange rates during quantitative easing and tightening	14
Determinants in adopting cashless payments in Europe: a multilevel analysis	14
Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC	14
Domain adaptation-based multistage ensemble learning paradigm for credit risk evaluation	14
How are texts analyzed in blockchain research? A systematic literature review	14
Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake	13
Elitist-opposition-based artificial electric field algorithm for higher-order neural network optimization and financial time series forecasting	13
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	13
How likely is it to beat the target at different investment horizons: an approach using compositional data in strategic portfolios	13
How does Covid-19 affect global equity markets?	13
Determinants of conventional and digital investment advisory decisions: a systematic literature review	13
FDI-growth and trade-growth relationships during crises: evidence from Bangladesh	12
How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework	12
Exploring biometric identification in FinTech applications based on the modified TAM	12
Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17: a new paid-incurred chain approach to risk adjustments	12
A literature review and integrated framework for the determinants of crowdfunding success	12
Unsupervised clustering of bitcoin transactions	12
Operational risk assessment of third-party payment platforms: a case study of China	12
On the robust drivers of cryptocurrency liquidity: the case of Bitcoin	12
Sovereign default network and currency risk premia	12
Revisiting the trading activity of high-frequency trading firms around ultra-fast flash events	11
Effects of financial development and capital accumulation on labor productivity in sub-Saharan Africa: new insight from cross sectional autoregressive lag approach	11
Social–financial approach for analyzing financial transitions	11
Machine learning in business and finance: a literature review and research opportunities	11
ETF construction on CRIX	11
Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach	11
The aggregate and sectoral time-varying market efficiency during crisis periods in Turkey: a comparative analysis with COVID-19 outbreak and the global financial crisis	11
Predicting financial distress in high-dimensional imbalanced datasets: a multi-heterogeneous self-paced ensemble learning framework	11
Entrepreneurial, institutional and financial strategies for FinTech profitability	11
Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach	10
Is pass-through of the exchange rate to restaurant and hotel prices asymmetric in the US? Role of monetary policy uncertainty	10
Digital financial services adoption: a retrospective time-to-event analysis approach	10
Comparison of the asymmetric multifractal behavior of green and U.S. bonds against benchmark financial assets	10
Can investors profit by utilizing technical trading strategies? Evidence from the Korean and Chinese stock markets	10
Feature selection with annealing for forecasting financial time series	10

A global perspective on macroprudential policy interaction with systemic risk, real economic activity, and monetary intervention	10
Disaggregated effect of construction investments on the Saudi economy: a dynamic computable general equilibrium model of Saudi Arabia	10
Online risk-based portfolio allocation on subsets of crypto assets applying a prototype-based clustering algorithm	10
Foreign exchange trading and management with the stochastic dual dynamic programming method	9
Shadow banking: a bibliometric and content analysis	9
Online payment fraud: from anomaly detection to risk management	9
Optimal liquidation using extended trading close for multiple trading days	9
Dynamic DeFi-G7 stock markets interactions and their potential role in diversifying and hedging strategies	9
The nexus between the volatility of Bitcoin, gold, and American stock markets during the COVID-19 pandemic: evidence from VAR-DCC-EGARCH and ANN models	9
The implication of cryptocurrency volatility on five largest African financial system stability	9
The implications of the ecological footprint and renewable energy usage on the financial stability of South Asian countries	9
An empirical behavioral order-driven model with price limit rules	9
A simplified model for measuring longevity risk for life insurance products	9
Information disclosure and funding success of green crowdfunding campaigns: a study on GoFundMe	9
Data envelopment analysis for scale elasticity measurement in the stochastic case: with an application to Indian banking	9
Effect of blockchain technology initiatives on firms’ market value	9
Artificial intelligence in the service of entrepreneurial finance: knowledge structure and the foundational algorithmic paradigm	9
The impact of prestigious attorneys on IPO withdrawal in the global primary market	9
Estimation of default and pricing for invoice trading (P2B) on crowdlending platforms	9
The effect of option trading	9
The time-varying causal relationship between the Bitcoin market and internet attention	9
An analysis of the acquisition of a monetary function by cryptocurrency using a multi-agent simulation model	8
Financial inclusion and fintech: a state-of-the-art systematic literature review	8
User acceptance of social network-backed cryptocurrency: a unified theory of acceptance and use of technology (UTAUT)-based analysis	8
Analysing the behavioural finance impact of 'fake news' phenomena on financial markets: a representative agent model and empirical validation	8
COVID-19 pandemic risk and probability of loan default: evidence from marketplace lending market	8
Managing crash risks through supply chain transparency: evidence from China	8
Investigation of the relationship between number of tweets and USDTRY exchange rate with wavelet coherence and transfer entropy analysis	8
Cooperative management of an emission trading system: a private governance and learned auction for a blockchain approach	8
Proposal of an innovative MCDA evaluation methodology: knowledge discovery through rank reversal, standard deviation, and relationship with stock return	8
A multicriteria credit scoring model for SMEs using hybrid BWM and TOPSIS	8
Copula-based trading of cointegrated cryptocurrency Pairs	8
The effects of skewness and kurtosis on production and hedging decisions: a Gram-Charlier expansion approach	8
Basel III FRTB: data pooling innovation to lower capital charges	8
Introduction of the special issue on COVID-19 and the financial and economic systems	8
Analysing the financial innovation-based characteristics of stock market efficiency using fuzzy decision-making technique	8
Optimal portfolio selection with volatility information for a high frequency rebalancing algorithm	8
Tax avoidance and earnings management: a neural network approach for the largest European economies	8
CEO political orientation and loan contract	8
Features of different asset types and extreme risk transmission during the COVID-19 crisis	8
Industry return predictability using health policy uncertainty	7
Cryptocurrency competition: empirical testing of Hayek’s vision of private monies	7
Combined soft measurement on key indicator parameters of new competitive advantages for China's export	7
The role of R&D and economic policy uncertainty in Sri Lanka’s economic growth	7
Impact of CEO attributes on corporate reputation, financial performance, and corporate sustainable growth: evidence from India	7
The function and impact of cryptocurrency and data technology in the context of financial technology: introduction to the issue	7
Stressed portfolio optimization with semiparametric method	7
Does communication increase investors’ trading frequency? Evidence from a Chinese social trading platform	7
A self-employed taxpayer experimental study on trust, power, and tax compliance in eleven countries	7
Editor’s introduction	7
Drivers influencing the adoption of cryptocurrency: a social network analysis approach	7
Editor’s introduction	6
Extreme dependencies and spillovers between gold and stock markets: evidence from MENA countries	6
The game of lies by stock investors in social media: a study based on city lockdowns in China	6
Deep learning systems for forecasting the prices of crude oil and precious metals	6
Consumer lending efficiency: commercial banks versus a fintech lender	6
Bitcoin: a new proof-of-work system with reduced variance	6
Do U.S. economic conditions at the state level predict the realized volatility of oil-price returns? A quantile machine-learning approach	6
The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking	6
Determining the financial performance of the firms in the Borsa Istanbul sustainability index: integrating multi criteria decision making methods with simulation	6
The nature and sources of international variation in formal institutions related to initial coin offerings: preliminary findings and a research agenda	6
Automated market makers and decentralized exchanges: a DeFi primer	6
The linkage between Bitcoin and foreign exchanges in developed and emerging markets	6
Does the carbon emission trading pilot policy promote green innovation cooperation? Evidence from a quasi-natural experiment in China	6
Modelling the dynamics of stock market in the gulf cooperation council countries: evidence on persistence to shocks	6
Scale elasticity and technical efficiency measures in two-stage network production processes: an application to the insurance sector	6
Nonlinear dynamics in Divisia monetary aggregates: an application of recurrence quantification analysis	6
Exploring the growth value equity valuation model with data visualization	6
Fintech research: systematic mapping, classification, and future directions	6
Personalized fund recommendation with dynamic utility learning	6
How to govern greenwashing behaviors in green finance products: a tripartite evolutionary game approach	6
Qualitative financial modelling in fractal dimensions	6
Editor’s introduction	6
Is a correlation-based investment strategy beneficial for long-term international portfolio investors?	6
Raising capital amid economic policy uncertainty: an empirical investigation	6
Currencies of greater interest for central Asian economies: an analysis of exchange market pressure amid global and regional interdependence	6
Understanding the financial innovation priorities for renewable energy investors via QFD-based picture fuzzy and rough numbers	5
Editor’s introduction	5
Impact of financial literacy, perceived access to finance, ICT use, and digitization on credit constraints: evidence from Qatari MSME importers	5
Elevating Pakistan’s flood preparedness: a fuzzy multi-criteria decision making approach	5
Female directors in the boardroom and intellectual capital performance: Does the “critical mass” matter?	5
DAViS: a unified solution for data collection, analyzation, and visualization in real-time stock market prediction	5
The “two sessions”: institutional investors selloff to avoid ambiguity	5
Editor’s introduction	5
The predictive power of Bitcoin prices for the realized volatility of US stock sector returns	5
Research on the cross-contagion between international stock markets and geopolitical risks: the two-layer network perspective	5
A hybrid model for stock price prediction based on multi-view heterogeneous data	5
Volatility contagion between cryptocurrencies, gold and stock markets pre-and-during COVID-19: evidence using DCC-GARCH and cascade-correlation network	5
Exploring the critical factors affecting the adoption of blockchain: Taiwan’s banking industry	5
Angel investments of small family business entrepreneurs: cross-country evidence	5
Forecasting cryptocurrency volatility: a novel framework based on the evolving multiscale graph neural network	5
Toward an ecosystem of non-fungible tokens from mapping public opinions on social media	5
Overconfidence and the adoption of robo-advice: why overconfident investors drive the expansion of automated financial advice	5
Could more innovation output bring better financial performance? The role of financial constraints	5
Extreme connectedness between cryptocurrencies and non-fungible tokens: portfolio implications	5