OOIR: Observatory of International Research

Papers

(The TQCC of Financial Innovation is 17. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2022-01-01 to 2026-01-01.)

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
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	65
Fintech, regtech, and financial development: evidence from China	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
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	57
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	57
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	54
Cloud economy and its relationship with China’s economy—a capital market-based approach	53
Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	53
Editor’s introduction	52
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	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
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	40
Editor’s introduction	40
Stock liquidity, financial constraints, and innovation in Chinese SMEs	40
Editor’s introduction	39
The financial benefits of health engagement programs to life insurers	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
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 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
Consumer choices under new payment methods	35
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
Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets	34
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
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
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
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
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
Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review	29
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
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
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

Portfolio management under capital market frictions: a grey clustering approach	27
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
Incorporating causal notions to forecasting time series: a case study	26
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
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
Dynamic spatiotemporal correlation coefficient based on adaptive weight	23
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
A probabilistic approach for the valuation of variance swaps under stochastic volatility with jump clustering and regime switching	22
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
Editor’s introduction	21
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
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
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
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