Financial Innovation

Article	Citations
Impact of trading hours extensions on foreign exchange volatility: intraday evidence from the Moscow exchange	301
Factors influencing generative artificial intelligence adoption in Vietnam’s banking sector: an empirical study	153
Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets	130
Cross-sectional anomalies and conditional asset pricing models based on investor sentiment: evidence from the Chinese stock market	108
A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market	98
From CFOs to crypto: exploratory study unraveling factors in corporate adoption	95
A firm-specific Malmquist productivity index model for stochastic data envelopment analysis: an application to commercial banks	90
Return direction forecasting: a conditional autoregressive shape model with beta density	86
An automated adaptive trading system for enhanced performance of emerging market portfolios	85
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	83
The nexus between the financial development and CO2 emissions: fresh evidence through time–frequency analyses	78
Unlocking the diversification benefits of DeFi for ASEAN stock market portfolios: a quantile study	73
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis	71
DeepPricing: pricing convertible bonds based on financial time-series generative adversarial networks	68
Fintech, regtech, and financial development: evidence from China	65
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	65
Geographical distance and stock price synchronization: evidence from China	61
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	60
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	57
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	57
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	54
Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	53
Cloud economy and its relationship with China’s economy—a capital market-based approach	53
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	52
Editor’s introduction	52

The impact of working capital management on credit rating	50
The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets	48
Editor’s introduction	46
Corporate managers, price noise and the investment factor	43
Upside and downside correlated jump risk premia of currency options and expected returns	43
Beyond the surface: advanced wash-trading detection in decentralized NFT markets	42
Bank loan information and information asymmetry in the stock market: evidence from China	42
The transaction behavior of cryptocurrency and electricity consumption	42
The use of high-frequency data in cryptocurrency research: a meta-review of literature with bibliometric analysis	41
Editor’s introduction	40
Stock liquidity, financial constraints, and innovation in Chinese SMEs	40
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	40
The financial benefits of health engagement programs to life insurers	39
Editor’s introduction	39
Valuing options to renew at future market value: the case of commercial property leases	37
Aspiration level, probability of success, and stock returns: an empirical test	37
Does sustainability disclosure improve analysts’ forecast accuracy? Evidence from European banks	36
When you need them, they are not there: hedge capacities of cryptocurrencies disappear in downtrend markets	36
Non-fungible tokens: a bubble or the end of an era of intellectual property rights	36
Data analytics to prevent retail credit card fraud: empirical evidence from Latin America	36
Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market	35
A hybrid framework for assessing Pakistani commercial bank performance using multi-criteria decision-making	35
Consumer choices under new payment methods	35
Blockchain and digital finance	34
Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target	34
Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets	34
Tone of language, financial disclosure, and earnings management: a textual analysis of form 20-F	33
Algorithmic crypto trading using information-driven bars, triple barrier labeling and deep learning	33
Fundamental and speculative components of the cryptocurrency pricing dynamics	32
Governance of artificial intelligence applications in a business audit via a fusion fuzzy multiple rule-based decision-making model	32
Trusting the trustless blockchain for its adoption in accounting: theorizing the mediating role of technology-organization-environment framework	32
Forecasting returns with machine learning and optimizing global portfolios: evidence from the Korean and U.S. stock markets	32
Bitcoin price change and trend prediction through twitter sentiment and data volume	31
Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH	31
Herding and investor sentiment after the cryptocurrency crash: evidence from Twitter and natural language processing	31
Cryptocurrency trading: a comprehensive survey	31
Innovative financial solutions for sustainable investments using artificial intelligence-based hybrid fuzzy decision-making approach in carbon capture technologies	30
Changing the whole game: effects of the COVID-19 pandemic's accelerated digitalization on European bank staff's data protection capabilities	30
Prioritizing real estate enterprises based on credit risk assessment: an integrated multi-criteria group decision support framework	30
Predicting foreign exchange in emerging markets with a nearest neighbor approach: fundamentals versus online attention indicators	30
Empirical evidence on the ownership and liquidity of real estate tokens	29
Using ELECTRE-TRI and FlowSort methods in a stock portfolio selection context	29
A credit scoring model based on the Myers–Briggs type indicator in online peer-to-peer lending	29
Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review	29
Implementation of deep learning models in predicting ESG index volatility	28
Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: evidence from public listed firms in Malaysia	28
Forecasting relative returns for S&P 500 stocks using machine learning	28
From advantage to disadvantage: how FinTech impacts small banks?	28
Option pricing mechanisms driven by backward stochastic differential equations	28
A novel stochastic modeling framework for coal production and logistics through options pricing analysis	28

Portfolio management under capital market frictions: a grey clustering approach	27
Incorporating causal notions to forecasting time series: a case study	26
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	26
A structural VAR and VECM modeling method for open-high-low-close data contained in candlestick chart	25
On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum	25
Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes	25
Decoding the future: a bibliometric exploration of blockchain in logistics	25
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	25
Evaluating the resource management and profitability efficiencies of US commercial banks from a dynamic network perspective	25
Latency arbitrage and the synchronized placement of orders	25
Design of the contingent royalty rate as related to the type of investment	23
ESG disagreement and corporate debt maturity: evidence from China	23
Editor’s introduction	23
A multidimensional review of the cash management problem	23
A theory of very short-time price change: security price drivers in times of high-frequency trading	23
Dynamic spatiotemporal correlation coefficient based on adaptive weight	23
Asymmetric threshold effects of digitization on inflation in emerging markets	22
Tracing the ties that bind: navigating the static and dynamic connectedness between NFTs and equity markets in ASEAN based on QVAR-approach	22
Detecting the lead–lag effect in stock markets: definition, patterns, and investment strategies	22
A spatial analysis of the use of Bitcoin as a medium of exchange	22
A probabilistic approach for the valuation of variance swaps under stochastic volatility with jump clustering and regime switching	22
Interlinkages across US sectoral returns: time-varying interconnectedness and hedging effectiveness	21
Markets in crypto-assets regulation: Does it provide legal certainty and increase adoption of crypto-assets?	21
Toward transparent and accurate housing price appraisal: Hedonic price models versus machine learning algorithms	21
Credit granting sorting model for financial organizations	21
The dynamics of frequency connectedness between technology ETFs and uncertainty indices under extreme market conditions	21
The volatility mechanism and intelligent fusion forecast of new energy stock prices	21
Editor’s introduction	21
Market value of R&D, patents, and CEO characteristics	20
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	20
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	20
Analysis of the cryptocurrency market using different prototype-based clustering techniques	19
Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific	19
Google search volume index and investor attention in stock market: a systematic review	19
Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone	19
Bitcoin as a financial asset: a survey	19
The witching week of herding on bitcoin exchanges	19
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	19
Analyzing the barriers to blockchain adoption in supply chain finance using an integrated interval-valued Fermatean fuzzy RAFSI model	19
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	19
How likely is it to beat the target at different investment horizons: an approach using compositional data in strategic portfolios	18
Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake	18
Sovereign default network and currency risk premia	18
Determinants of conventional and digital investment advisory decisions: a systematic literature review	18
Editor’s introduction	18
Unsupervised clustering of bitcoin transactions	18
FDI-growth and trade-growth relationships during crises: evidence from Bangladesh	18
Elitist-opposition-based artificial electric field algorithm for higher-order neural network optimization and financial time series forecasting	18
How does Covid-19 affect global equity markets?	17
How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework	17
Determinants in adopting cashless payments in Europe: a multilevel analysis	17
Crypto market betas: the limits of predictability and hedging	17
Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC	17
On the robust drivers of cryptocurrency liquidity: the case of Bitcoin	17
Dynamics of the relationship between stock markets and exchange rates during quantitative easing and tightening	16
Domain adaptation-based multistage ensemble learning paradigm for credit risk evaluation	16
Operational risk assessment of third-party payment platforms: a case study of China	16
A literature review and integrated framework for the determinants of crowdfunding success	16
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	16
How are texts analyzed in blockchain research? A systematic literature review	16
Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach	15
Predicting financial distress in high-dimensional imbalanced datasets: a multi-heterogeneous self-paced ensemble learning framework	15
Comparison of the asymmetric multifractal behavior of green and U.S. bonds against benchmark financial assets	15
Green assets are not so green: assessing environmental outcomes using machine learning and local projections	15
Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach	15
ETF construction on CRIX	15
Revisiting the trading activity of high-frequency trading firms around ultra-fast flash events	15
Social–financial approach for analyzing financial transitions	15
Effects of financial development and capital accumulation on labor productivity in sub-Saharan Africa: new insight from cross sectional autoregressive lag approach	15
Optimizing the link between ESG and profitability in banks: the role of the One Health perspective	14
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	14
Foreign exchange trading and management with the stochastic dual dynamic programming method	14
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	14
The implication of cryptocurrency volatility on five largest African financial system stability	14
A quantum model for the overpriced put puzzle	14
Machine learning in business and finance: a literature review and research opportunities	14
Entrepreneurial, institutional and financial strategies for FinTech profitability	14
Data envelopment analysis for scale elasticity measurement in the stochastic case: with an application to Indian banking	14
Optimal liquidation using extended trading close for multiple trading days	13
Is pass-through of the exchange rate to restaurant and hotel prices asymmetric in the US? Role of monetary policy uncertainty	13

Effect of blockchain technology initiatives on firms’ market value	13
Can investors profit by utilizing technical trading strategies? Evidence from the Korean and Chinese stock markets	13
Artificial intelligence in the service of entrepreneurial finance: knowledge structure and the foundational algorithmic paradigm	13
Disaggregated effect of construction investments on the Saudi economy: a dynamic computable general equilibrium model of Saudi Arabia	13
The implications of the ecological footprint and renewable energy usage on the financial stability of South Asian countries	13
Online payment fraud: from anomaly detection to risk management	13
Online risk-based portfolio allocation on subsets of crypto assets applying a prototype-based clustering algorithm	13
Feature selection with annealing for forecasting financial time series	13
Digital financial services adoption: a retrospective time-to-event analysis approach	13
An analysis of the acquisition of a monetary function by cryptocurrency using a multi-agent simulation model	12
Proposal of an innovative MCDA evaluation methodology: knowledge discovery through rank reversal, standard deviation, and relationship with stock return	12
Cooperative management of an emission trading system: a private governance and learned auction for a blockchain approach	12
Estimation of default and pricing for invoice trading (P2B) on crowdlending platforms	12
The impact of prestigious attorneys on IPO withdrawal in the global primary market	12
Introduction of the special issue on COVID-19 and the financial and economic systems	12
Analysing the financial innovation-based characteristics of stock market efficiency using fuzzy decision-making technique	12
User acceptance of social network-backed cryptocurrency: a unified theory of acceptance and use of technology (UTAUT)-based analysis	12
The effects of skewness and kurtosis on production and hedging decisions: a Gram-Charlier expansion approach	11
Optimal portfolio selection with volatility information for a high frequency rebalancing algorithm	11
Financial inclusion and fintech: a state-of-the-art systematic literature review	11
Editor’s introduction	11
Information disclosure and funding success of green crowdfunding campaigns: a study on GoFundMe	11
CEO political orientation and loan contract	11
Tax avoidance and earnings management: a neural network approach for the largest European economies	11
Dynamic DeFi-G7 stock markets interactions and their potential role in diversifying and hedging strategies	11
Investigation of the relationship between number of tweets and USDTRY exchange rate with wavelet coherence and transfer entropy analysis	11
Cryptocurrency competition: empirical testing of Hayek’s vision of private monies	11
Managing crash risks through supply chain transparency: evidence from China	11
An integrated analysis for digital financial assets and artificial intelligence-based financial management using AI-based neuro quantum picture fuzzy rough sets and econometric modeling	11
A simplified model for measuring longevity risk for life insurance products	11
Features of different asset types and extreme risk transmission during the COVID-19 crisis	11
Copula-based trading of cointegrated cryptocurrency Pairs	11
Modeling ESG-driven industrial value chain dynamics using directed graph neural networks	10
Drivers influencing the adoption of cryptocurrency: a social network analysis approach	10
Impact of CEO attributes on corporate reputation, financial performance, and corporate sustainable growth: evidence from India	10
Extreme dependencies and spillovers between gold and stock markets: evidence from MENA countries	10
Automated market makers and decentralized exchanges: a DeFi primer	10
Nonlinear dynamics in Divisia monetary aggregates: an application of recurrence quantification analysis	10
Editor’s introduction	10
A self-employed taxpayer experimental study on trust, power, and tax compliance in eleven countries	10
The role of R&D and economic policy uncertainty in Sri Lanka’s economic growth	10
The game of lies by stock investors in social media: a study based on city lockdowns in China	10
The nature and sources of international variation in formal institutions related to initial coin offerings: preliminary findings and a research agenda	10
Editor’s introduction	10
Stressed portfolio optimization with semiparametric method	10
Industry return predictability using health policy uncertainty	10
Optimal expenditure decentralization for sustainable development: evidence from a 52-country panel analysis	10
Does communication increase investors’ trading frequency? Evidence from a Chinese social trading platform	10
Fintech research: systematic mapping, classification, and future directions	10
Determining the financial performance of the firms in the Borsa Istanbul sustainability index: integrating multi criteria decision making methods with simulation	10
Personalized fund recommendation with dynamic utility learning	10
Exploring the growth value equity valuation model with data visualization	9
The linkage between Bitcoin and foreign exchanges in developed and emerging markets	9
Deep learning systems for forecasting the prices of crude oil and precious metals	9
Editor’s introduction	9
Editor’s introduction: special issue on the anomie of AI in finance; financial markets & investments; economic & policy analysis; corporate governance & related market dynamics	9
Understanding the financial innovation priorities for renewable energy investors via QFD-based picture fuzzy and rough numbers	9
Predicting the returns of the US real estate investment trust market: evidence from the group method of data handling neural network	9
Editor’s introduction	9
The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking	9
How to govern greenwashing behaviors in green finance products: a tripartite evolutionary game approach	9
Qualitative financial modelling in fractal dimensions	9
Angel investments of small family business entrepreneurs: cross-country evidence	9
The predictive power of Bitcoin prices for the realized volatility of US stock sector returns	9
Currencies of greater interest for central Asian economies: an analysis of exchange market pressure amid global and regional interdependence	9
Consumer lending efficiency: commercial banks versus a fintech lender	9
Scale elasticity and technical efficiency measures in two-stage network production processes: an application to the insurance sector	9
Does a higher hashrate strengthen Bitcoin network security?	9
Is a correlation-based investment strategy beneficial for long-term international portfolio investors?	9
Do U.S. economic conditions at the state level predict the realized volatility of oil-price returns? A quantile machine-learning approach	9
Editor’s introduction	8
A new hybrid method with data-characteristic-driven analysis for artificial intelligence and robotics index return forecasting	8
Toward an ecosystem of non-fungible tokens from mapping public opinions on social media	8
Overconfidence and the adoption of robo-advice: why overconfident investors drive the expansion of automated financial advice	8
Impact of financial literacy, perceived access to finance, ICT use, and digitization on credit constraints: evidence from Qatari MSME importers	8
Modelling the dynamics of stock market in the gulf cooperation council countries: evidence on persistence to shocks	8
Elasticity of ESSM stock volatility: an analysis of the collapse of U.S., European, and Chinese markets during the COVID-19 pandemic	8
Quadrant categorization of spillover determinants of sovereign risk of BRICIT nations: a Bayesian approach	8
Research on the cross-contagion between international stock markets and geopolitical risks: the two-layer network perspective	8
Extreme connectedness between cryptocurrencies and non-fungible tokens: portfolio implications	8
Bitcoin: a new proof-of-work system with reduced variance	8
Raising capital amid economic policy uncertainty: an empirical investigation	8
The “two sessions”: institutional investors selloff to avoid ambiguity	8
Exploring the critical factors affecting the adoption of blockchain: Taiwan’s banking industry	8
Could more innovation output bring better financial performance? The role of financial constraints	8
Volatility contagion between cryptocurrencies, gold and stock markets pre-and-during COVID-19: evidence using DCC-GARCH and cascade-correlation network	8
Editor’s introduction	8
Does the carbon emission trading pilot policy promote green innovation cooperation? Evidence from a quasi-natural experiment in China	8
Detecting DeFi securities violations from token smart contract code	7
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	7
Hybrid data decomposition-based deep learning for Bitcoin prediction and algorithm trading	7
Joint multifractality in cross-correlations between grains & oilseeds indices and external uncertainties	7
How does digital finance drive energy transition? A green investment-based perspective	7
Causal estimation of FTX collapse on cryptocurrency: a counterfactual prediction analysis	7
Pandemic or panic? A firm-level study on the psychological and industrial impacts of COVID-19 on the Chinese stock market	7