Financial Innovation

Article	Citations
Latency arbitrage and the synchronized placement of orders	261
The effects of skewness and kurtosis on production and hedging decisions: a Gram-Charlier expansion approach	231
Return direction forecasting: a conditional autoregressive shape model with beta density	136
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis	92
Impact of trading hours extensions on foreign exchange volatility: intraday evidence from the Moscow exchange	88
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	82
An automated adaptive trading system for enhanced performance of emerging market portfolios	82
Dynamic spatiotemporal correlation coefficient based on adaptive weight	79
Editor’s introduction	79
To supervise or to self-supervise: a machine learning based comparison on credit supervision	78
Impact of learning through credit and value creation on the efficiency of Japanese commercial banks	75
Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system	69
Industry return lead-lag relationships between the US and other major countries	66
The effect of overseas investors on local market efficiency: evidence from the Shanghai/Shenzhen–Hong Kong Stock Connect	64
Triggering economic growth to ensure financial stability: case study of Northern Cyprus	61
Asymmetric relationship between global and national factors and domestic food prices: evidence from Turkey with novel nonlinear approaches	56
Dynamic portfolio choice with uncertain rare-events risk in stock and cryptocurrency markets	54
The method of residual-based bootstrap averaging of the forecast ensemble	54
Design of the contingent royalty rate as related to the type of investment	53
Relationships among return and liquidity of cryptocurrencies	53
Interlinkages across US sectoral returns: time-varying interconnectedness and hedging effectiveness	52
Private banking development in China under two organizational structures: Economic analysis from an organizational innovation perspective	51
Robust monitoring machine: a machine learning solution for out-of-sample R$$^2$$-hacking in return predictability monitoring	51
Exploring Bitcoin dynamics against the backdrop of COVID-19: an investigation of major global events	50
Financial markets implications of the energy transition: carbon content of energy use in listed companies	49

Can ETFs affect U.S. financial stability? A quantile cointegration analysis	47
Features of different asset types and extreme risk transmission during the COVID-19 crisis	47
Managing crash risks through supply chain transparency: evidence from China	46
Tokenomics in the Metaverse: understanding the lead–lag effect among emerging crypto tokens	43
Price dynamics and volatility jumps in bitcoin options	40
From CFOs to crypto: exploratory study unraveling factors in corporate adoption	39
Relationship between fintech by Google search and bank stock return: a case study of Vietnam	39
How do emotions affect giving? Examining the effects of textual and facial emotions in charitable crowdfunding	39
Deep learning for Bitcoin price direction prediction: models and trading strategies empirically compared	38
A probabilistic approach for the valuation of variance swaps under stochastic volatility with jump clustering and regime switching	37
The volatility mechanism and intelligent fusion forecast of new energy stock prices	36
Recent innovation in benchmark rates (BMR): evidence from influential factors on Turkish Lira Overnight Reference Interest Rate with machine learning algorithms	36
Unlocking the diversification benefits of DeFi for ASEAN stock market portfolios: a quantile study	36
The function and impact of cryptocurrency and data technology in the context of financial technology: introduction to the issue	34
Editor’s introduction	34
Copula-based trading of cointegrated cryptocurrency Pairs	33
The role of natural resources in financial expansion: evidence from Central Asia	33
The nexus between the financial development and CO2 emissions: fresh evidence through time–frequency analyses	33
Monetary policy shocks and multi-scale positive and negative bubbles in an emerging country: the case of India	31
The dynamics of frequency connectedness between technology ETFs and uncertainty indices under extreme market conditions	30
Spillovers of US unconventional monetary policy: quantitative easing, spreads, and international financial markets	30
Basel III FRTB: data pooling innovation to lower capital charges	30
Non-Value-Added Tax to improve market fairness and quality	30
To jump or not to jump: momentum of jumps in crude oil price volatility prediction	29
COVID-19 pandemic risk and probability of loan default: evidence from marketplace lending market	29
Detecting the lead–lag effect in stock markets: definition, patterns, and investment strategies	28
The social representation of fintech from the perspective of traditional financial sector professionals: evidence from Brazil	28
A theory of very short-time price change: security price drivers in times of high-frequency trading	28
A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA	27
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	26
Probability of informed trading during the COVID-19 pandemic: the case of the Romanian stock market	26
A multidimensional review of the cash management problem	25
Financial ambiguity and oil prices	25
COVID-19 pandemic and the crude oil market risk: hedging options with non-energy financial innovations	25
Does country risk impact the banking sectors’ non-performing loans? Evidence from BRICS emerging economies	25
DeepPricing: pricing convertible bonds based on financial time-series generative adversarial networks	25
Investigation of the relationship between number of tweets and USDTRY exchange rate with wavelet coherence and transfer entropy analysis	24
ICOs conceptual unveiled: scholarly review of an entrepreneurial finance innovation	24
Impact of CEO attributes on corporate reputation, financial performance, and corporate sustainable growth: evidence from India	24
CEO political orientation and loan contract	24
Asymmetries in factors influencing non-fungible tokens’ (NFTs) returns	24
A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market	24
Tracing the ties that bind: navigating the static and dynamic connectedness between NFTs and equity markets in ASEAN based on QVAR-approach	23
Correction to: High frequency multiscale relationships among major cryptocurrencies: portfolio management implications	22
A firm-specific Malmquist productivity index model for stochastic data envelopment analysis: an application to commercial banks	22
ESG disagreement and corporate debt maturity: evidence from China	22
Introduction to the special issue on Impact of COVID-19 and cryptocurrencies on the global financial market	21
Fintech platforms: Lax or careful borrowers’ screening?	21
The effect of fintech M&As on short-term stock return in the context of macroeconomic environment	21
Are suspicious activity reporting requirements for cryptocurrency exchanges effective?	21

Return and volatility spillovers between non-fungible tokens and conventional currencies: evidence from the TVP-VAR model	21
Financial integration and economic growth: impact of renewable energy investments, technology transfer, and climate change on Europe and central Asian economies	20
Asymmetric threshold effects of digitization on inflation in emerging markets	20
Markets in crypto-assets regulation: Does it provide legal certainty and increase adoption of crypto-assets?	20
Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets	20
Cryptocurrency competition: empirical testing of Hayek’s vision of private monies	20
Complex network analysis of global stock market co-movement during the COVID-19 pandemic based on intraday open-high-low-close data	20
Contingent convertible lease modeling and credit risk management	19
A closed-form pricing formula for European options in an illiquid asset market	19
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	19
Fintech, regtech, and financial development: evidence from China	19
A self-employed taxpayer experimental study on trust, power, and tax compliance in eleven countries	18
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	18
Network DEA based on DEA-ratio	18
Speculative bubbles and herding in cryptocurrencies	18
Extreme dependencies and spillovers between gold and stock markets: evidence from MENA countries	17
Does the U.S. extreme indicator matter in stock markets? International evidence	17
Nonlinear impact of the coordination of IFDI and OFDI on green total factor productivity in the context of “Dual Circulation”	17
Editor’s introduction	16
Relationship between green bonds and carbon neutrality: evidence from top five emitting countries’ sectoral CO2 emissions	16
Editor’s introduction	16
A novel fuzzy decision-making approach to pension fund investments in renewable energy	16
Mapping the research landscape of blockchain and crowdfunding	16
Market value of R&D, patents, and CEO characteristics	16
Editor’s introduction	16
Impact of green digital finance on sustainable development: evidence from China’s pilot zones	16
Editor’s introduction	16
Adoption of digital transformation from a firm’s creation to decline: the role of China’s mass entrepreneur and innovation campaign	15
Bitcoin as a financial asset: a survey	15
Long-term effects of institutional quality on financial inclusion in Asia–Pacific countries	15
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	15
Active tokens and crypto-asset valuation	15
Microfinance for change: how financial innovation enables structural transformation	15
Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific	15
The special issue: “Financial innovation for Emission Trading Scheme”	14
The game of lies by stock investors in social media: a study based on city lockdowns in China	14
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	14
Net valence analysis of iris recognition technology-based FinTech	14
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	14
Asymmetric risk contagion effect of the interaction between the real economy and the financial sector—an analysis based on the domestic commodity price index	14
Stock return prediction with multiple measures using neural network models	14
Stock price index analysis of four OPEC members: a Bayesian approach	14
Stressed portfolio optimization with semiparametric method	13
Take Bitcoin into your portfolio: a novel ensemble portfolio optimization framework for broad commodity assets	13
A Markov regenerative process with recurrence time and its application	13
Google search volume index and investor attention in stock market: a systematic review	13
Intraday patterns of price clustering in Bitcoin	13
The witching week of herding on bitcoin exchanges	13
Robustifying and simplifying high-dimensional regression with applications to yearly stock return and telematics data	13
Cloud economy and its relationship with China’s economy—a capital market-based approach	13
Combined soft measurement on key indicator parameters of new competitive advantages for China's export	13
Analyzing time–frequency connectedness between cryptocurrencies, stock indices, and benchmark crude oils during the COVID-19 pandemic	13
Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects	12
An overview of Fintech applications to solve the puzzle of health care funding: state-of-the-art in medical crowdfunding	12
Intelligent design: stablecoins (in)stability and collateral during market turbulence	12
Publisher Correction: A credit scoring model based on the Myers–Briggs type indicator in online peer-to-peer lending	12
Default rules in investment decision-making: trait anxiety and decision-making styles	12
Are life insurance futures a safe haven during COVID-19?	12
Does communication increase investors’ trading frequency? Evidence from a Chinese social trading platform	12
Credit granting sorting model for financial organizations	12
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	12
Intelligent option portfolio model with perspective of shadow price and risk-free profit	12
Comparison of sectorial and financial data for ESG scoring of mutual funds with machine learning	11
Global shocks and fiscal stimulus: a tale of an oil-dependent-exporting country	11
Deterministic modelling of implied volatility in cryptocurrency options with underlying multiple resolution momentum indicator and non-linear machine learning regression algorithm	11
Estimation of the probability of informed trading models via an expectation-conditional maximization algorithm	11
Pricing, management and decision-making of financial markets with artificial intelligence: introduction to the issue	11
Insurtech in Europe: identifying the top investment priorities for driving innovation	11
Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	11
The role of R&D and economic policy uncertainty in Sri Lanka’s economic growth	11
Industry return predictability using health policy uncertainty	11
Store of value or speculative investment? Market reaction to corporate announcements of cryptocurrency acquisition	11
Drawdown-based risk indicators for high-frequency financial volumes	11
High frequency multiscale relationships among major cryptocurrencies: portfolio management implications	11
Global surge: exploring cryptocurrency adoption with evidence from spatial models	10
Analyzing the barriers to blockchain adoption in supply chain finance using an integrated interval-valued Fermatean fuzzy RAFSI model	10
The nature and sources of international variation in formal institutions related to initial coin offerings: preliminary findings and a research agenda	10
Effects of ambiguity on innovation strategies	10
Exploring the asymmetric effect of COVID-19 pandemic news on the cryptocurrency market: evidence from nonlinear autoregressive distributed lag approach and frequency domain causality	10
Is the tax calculation method for exemptions with progression contrary to EU law? Quantitative and formal–analytical analysis	10

FinTech: a literature review of emerging financial technologies and applications	10
Geographical distance and stock price synchronization: evidence from China	10
Higher-order dynamic effects of uncertainty risk under thick-tailed stochastic volatility	10
Determining the financial performance of the firms in the Borsa Istanbul sustainability index: integrating multi criteria decision making methods with simulation	10
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	10
Asymmetric nexus between commercial policies and consumption-based carbon emissions: new evidence from Pakistan	9
On the factors of Bitcoin’s value at risk	9
Automated market makers and decentralized exchanges: a DeFi primer	9
An efficient stock market prediction model using hybrid feature reduction method based on variational autoencoders and recursive feature elimination	9
Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone	9
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	9
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	9
Liquidity connectedness in cryptocurrency market	9
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	9
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	9
Fintech research: systematic mapping, classification, and future directions	9
Drivers influencing the adoption of cryptocurrency: a social network analysis approach	9
ARMA–GARCH model with fractional generalized hyperbolic innovations	9
Analysis of the cryptocurrency market using different prototype-based clustering techniques	9
Survey of feature selection and extraction techniques for stock market prediction	9
The rise and fall of cryptocurrencies: defining the economic and social values of blockchain technologies, assessing the opportunities, and defining the financial and cybersecurity risks of the Metave	9
Editor’s introduction	8
The use of high-frequency data in cryptocurrency research: a meta-review of literature with bibliometric analysis	8
Editor’s introduction	8
Investor sentiment and the holiday effect in the cryptocurrency market: evidence from China	8
Baidu News and the return volatility of Chinese commodity futures: evidence for the sequential information arrival hypothesis	8
The transaction behavior of cryptocurrency and electricity consumption	8
A high-dimensionality-trait-driven learning paradigm for high dimensional credit classification	8
Beyond the surface: advanced wash-trading detection in decentralized NFT markets	8
Exploring small-scale optimization coupling learning approaches for enterprises’ financial health forecasts	8
Editor’s introduction	8
Deep learning systems for forecasting the prices of crude oil and precious metals	8
On the robust drivers of cryptocurrency liquidity: the case of Bitcoin	7
Signals in equity-based crowdfunding and risk of failure	7
Uncertainty about interest rates and crude oil prices	7
Can news-based economic sentiment predict bubbles in precious metal markets?	7
The impact of the COVID-19 outbreak on Chinese-listed tourism stocks	7
Dynamics of the relationship between stock markets and exchange rates during quantitative easing and tightening	7
Domain adaptation-based multistage ensemble learning paradigm for credit risk evaluation	7
From portfolio optimization to quantum blockchain and security: a systematic review of quantum computing in finance	7
Economic freedom, economic sustainability, and herding behavior: Does the ubiquity of information communication technology matter?	7
Editor’s introduction	7
How to govern greenwashing behaviors in green finance products: a tripartite evolutionary game approach	7
Exploring the growth value equity valuation model with data visualization	7
Multivariate GARCH models with spherical parameterizations: an oil price application	7
Personalized fund recommendation with dynamic utility learning	7
Determinants in adopting cashless payments in Europe: a multilevel analysis	7
Management disclosure of risk factors and COVID-19	7
Forecasting VaR and ES by using deep quantile regression, GANs-based scenario generation, and heterogeneous market hypothesis	7
How are texts analyzed in blockchain research? A systematic literature review	7
Modeling the significance of unified theory of acceptance and use of technology in predicting the intention and usage of eCNY	7
Does a non-performing assets disposal fund help control systemic risk? Evidence from an interbank financial network in China	7
Linearity extensions of the market model: a case of the top 10 cryptocurrency prices during the pre-COVID-19 and COVID-19 periods	6
Operational risk assessment of third-party payment platforms: a case study of China	6
Predicting abnormal trading behavior from internet rumor propagation: a machine learning approach	6
Stock profiling using time–frequency-varying systematic risk measure	6
Size matters: analyzing bank profitability and efficiency under the Basel III framework	6
Bank loan information and information asymmetry in the stock market: evidence from China	6
The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking	6
Currencies of greater interest for central Asian economies: an analysis of exchange market pressure amid global and regional interdependence	6
Corporate managers, price noise and the investment factor	6
Factors affecting consumer acceptance of electronic cash in China: an empirical study	6
Consumer lending efficiency: commercial banks versus a fintech lender	6
How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework	6
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	6
The impact of working capital management on credit rating	6
A study of the factors affecting mobile money penetration rates in the West African Economic and Monetary Union (WAEMU) compared with East Africa	6
The credit card-augmented Divisia monetary aggregates: an analysis based on recurrence plots and visual boundary recurrence plots	5
How likely is it to beat the target at different investment horizons: an approach using compositional data in strategic portfolios	5
Determinants of conventional and digital investment advisory decisions: a systematic literature review	5
Scale elasticity and technical efficiency measures in two-stage network production processes: an application to the insurance sector	5
Volatility spillovers among leading cryptocurrencies and US energy and technology companies	5
Digital finance and renewable energy consumption: evidence from China	5
How does education promote green digital finance? Evidence from China	5
Exploring biometric identification in FinTech applications based on the modified TAM	5
Unleashing the power of ChatGPT in finance research: opportunities and challenges	5
Predictive crypto-asset automated market maker architecture for decentralized finance using deep reinforcement learning	5
A hybrid neuro fuzzy decision-making approach to the participants of derivatives market for fintech investors in emerging economies	5
Upside and downside correlated jump risk premia of currency options and expected returns	5
Isolating the female agency-driven development factor in external sovereign emerging market debt	5
Elitist-opposition-based artificial electric field algorithm for higher-order neural network optimization and financial time series forecasting	5
Blockchain technology-based FinTech banking sector involvement using adaptive neuro-fuzzy-based K-nearest neighbors algorithm	5
A literature review and integrated framework for the determinants of crowdfunding success	5
Has COVID-19 changed the stock return-oil price predictability pattern?	5
Cryptocurrency technology revolution: are Bitcoin prices and terrorist attacks related?	5
Evaluating short- and long-term investment strategies: development and validation of the investment strategies scale (ISS)	5
Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake	5
Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC	5
Financial decision-making behaviors of Ethnic Tibetan Households based on mental accounting	5
Nonlinear dynamics in Divisia monetary aggregates: an application of recurrence quantification analysis	5
Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17: a new paid-incurred chain approach to risk adjustments	5
Do biometric payment systems work during the COVID-19 pandemic? Insights from the Spanish users' viewpoint	5
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	5
Sovereign default network and currency risk premia	5
Predicting financial distress in high-dimensional imbalanced datasets: a multi-heterogeneous self-paced ensemble learning framework	4