Financial Innovation

Article	Citations
Are suspicious activity reporting requirements for cryptocurrency exchanges effective?	268
Impact of trading hours extensions on foreign exchange volatility: intraday evidence from the Moscow exchange	132
Return direction forecasting: a conditional autoregressive shape model with beta density	103
A firm-specific Malmquist productivity index model for stochastic data envelopment analysis: an application to commercial banks	97
An automated adaptive trading system for enhanced performance of emerging market portfolios	92
Cross-sectional anomalies and conditional asset pricing models based on investor sentiment: evidence from the Chinese stock market	88
A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market	82
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	76
From CFOs to crypto: exploratory study unraveling factors in corporate adoption	72
The nexus between the financial development and CO2 emissions: fresh evidence through time–frequency analyses	72
Unlocking the diversification benefits of DeFi for ASEAN stock market portfolios: a quantile study	72
Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets	69
Fintech, regtech, and financial development: evidence from China	68
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis	65
DeepPricing: pricing convertible bonds based on financial time-series generative adversarial networks	62
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	60
Geographical distance and stock price synchronization: evidence from China	58
Cloud economy and its relationship with China’s economy—a capital market-based approach	54
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	51
Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects	50
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	49
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	49
Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	48
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	47
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	47

Editor’s introduction	46
Editor’s introduction	43
Upside and downside correlated jump risk premia of currency options and expected returns	42
Corporate managers, price noise and the investment factor	41
The transaction behavior of cryptocurrency and electricity consumption	39
Bank loan information and information asymmetry in the stock market: evidence from China	38
The use of high-frequency data in cryptocurrency research: a meta-review of literature with bibliometric analysis	37
The impact of working capital management on credit rating	36
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	36
Stock liquidity, financial constraints, and innovation in Chinese SMEs	35
Beyond the surface: advanced wash-trading detection in decentralized NFT markets	35
The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets	35
Editor’s introduction	34
The financial benefits of health engagement programs to life insurers	34
Aspiration level, probability of success, and stock returns: an empirical test	34
Blockchain and digital finance	33
Forecasting returns with machine learning and optimizing global portfolios: evidence from the Korean and U.S. stock markets	33
Consumer choices under new payment methods	33
Does sustainability disclosure improve analysts’ forecast accuracy? Evidence from European banks	32
Valuing options to renew at future market value: the case of commercial property leases	31
When you need them, they are not there: hedge capacities of cryptocurrencies disappear in downtrend markets	31
A hybrid framework for assessing Pakistani commercial bank performance using multi-criteria decision-making	31
Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target	31
Trusting the trustless blockchain for its adoption in accounting: theorizing the mediating role of technology-organization-environment framework	30
Governance of artificial intelligence applications in a business audit via a fusion fuzzy multiple rule-based decision-making model	30
Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets	29
Tone of language, financial disclosure, and earnings management: a textual analysis of form 20-F	29
Non-fungible tokens: a bubble or the end of an era of intellectual property rights	29
Bitcoin price change and trend prediction through twitter sentiment and data volume	29
Fundamental and speculative components of the cryptocurrency pricing dynamics	28
Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market	27
Changing the whole game: effects of the COVID-19 pandemic's accelerated digitalization on European bank staff's data protection capabilities	27
Innovative financial solutions for sustainable investments using artificial intelligence-based hybrid fuzzy decision-making approach in carbon capture technologies	27
Cryptocurrency trading: a comprehensive survey	27
Empirical evidence on the ownership and liquidity of real estate tokens	27
Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH	27
Using ELECTRE-TRI and FlowSort methods in a stock portfolio selection context	27
Herding and investor sentiment after the cryptocurrency crash: evidence from Twitter and natural language processing	26
Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: evidence from public listed firms in Malaysia	26
A credit scoring model based on the Myers–Briggs type indicator in online peer-to-peer lending	26
Prioritizing real estate enterprises based on credit risk assessment: an integrated multi-criteria group decision support framework	26
Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review	26
Decoding the future: a bibliometric exploration of blockchain in logistics	25
The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan	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
Portfolio management under capital market frictions: a grey clustering approach	25
Evaluating the resource management and profitability efficiencies of US commercial banks from a dynamic network perspective	25
Option pricing mechanisms driven by backward stochastic differential equations	24
A novel stochastic modeling framework for coal production and logistics through options pricing analysis	24

Implementation of deep learning models in predicting ESG index volatility	24
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	24
Forecasting relative returns for S&P 500 stocks using machine learning	23
Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes	23
Incorporating causal notions to forecasting time series: a case study	23
A multidimensional review of the cash management problem	22
Latency arbitrage and the synchronized placement of orders	22
The dynamics of frequency connectedness between technology ETFs and uncertainty indices under extreme market conditions	22
Editor’s introduction	22
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	22
Markets in crypto-assets regulation: Does it provide legal certainty and increase adoption of crypto-assets?	22
Design of the contingent royalty rate as related to the type of investment	22
Detecting the lead–lag effect in stock markets: definition, patterns, and investment strategies	21
Asymmetric threshold effects of digitization on inflation in emerging markets	21
Correction to: High frequency multiscale relationships among major cryptocurrencies: portfolio management implications	21
ESG disagreement and corporate debt maturity: evidence from China	21
A theory of very short-time price change: security price drivers in times of high-frequency trading	21
Tracing the ties that bind: navigating the static and dynamic connectedness between NFTs and equity markets in ASEAN based on QVAR-approach	20
A probabilistic approach for the valuation of variance swaps under stochastic volatility with jump clustering and regime switching	20
Interlinkages across US sectoral returns: time-varying interconnectedness and hedging effectiveness	20
The volatility mechanism and intelligent fusion forecast of new energy stock prices	20
Dynamic spatiotemporal correlation coefficient based on adaptive weight	20
Editor’s introduction	19
The witching week of herding on bitcoin exchanges	19
Credit granting sorting model for financial organizations	19
Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone	18
Bitcoin as a financial asset: a survey	18
Market value of R&D, patents, and CEO characteristics	18
Analyzing the barriers to blockchain adoption in supply chain finance using an integrated interval-valued Fermatean fuzzy RAFSI model	18
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	18
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	18
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	17
Google search volume index and investor attention in stock market: a systematic review	17
Analysis of the cryptocurrency market using different prototype-based clustering techniques	17
Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific	17
Network DEA based on DEA-ratio	17
On the factors of Bitcoin’s value at risk	17
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	17
How likely is it to beat the target at different investment horizons: an approach using compositional data in strategic portfolios	16
Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake	16
Determinants in adopting cashless payments in Europe: a multilevel analysis	16
How does Covid-19 affect global equity markets?	16
Editor’s introduction	16
Crypto market betas: the limits of predictability and hedging	15
Domain adaptation-based multistage ensemble learning paradigm for credit risk evaluation	15
Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17: a new paid-incurred chain approach to risk adjustments	15
Determinants of conventional and digital investment advisory decisions: a systematic literature review	15
FDI-growth and trade-growth relationships during crises: evidence from Bangladesh	15
Sovereign default network and currency risk premia	15
Operational risk assessment of third-party payment platforms: a case study of China	15
Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC	15
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	15
How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework	15
Elitist-opposition-based artificial electric field algorithm for higher-order neural network optimization and financial time series forecasting	15
On the robust drivers of cryptocurrency liquidity: the case of Bitcoin	15
A literature review and integrated framework for the determinants of crowdfunding success	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
Predicting financial distress in high-dimensional imbalanced datasets: a multi-heterogeneous self-paced ensemble learning framework	14
How are texts analyzed in blockchain research? A systematic literature review	14
Unsupervised clustering of bitcoin transactions	14
Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach	14
Dynamics of the relationship between stock markets and exchange rates during quantitative easing and tightening	14
ETF construction on CRIX	14
Revisiting the trading activity of high-frequency trading firms around ultra-fast flash events	14
Machine learning in business and finance: a literature review and research opportunities	13
Entrepreneurial, institutional and financial strategies for FinTech profitability	13
Digital financial services adoption: a retrospective time-to-event analysis approach	13
Comparison of the asymmetric multifractal behavior of green and U.S. bonds against benchmark financial assets	13
Effects of financial development and capital accumulation on labor productivity in sub-Saharan Africa: new insight from cross sectional autoregressive lag approach	13
Disaggregated effect of construction investments on the Saudi economy: a dynamic computable general equilibrium model of Saudi Arabia	13
Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach	13
Social–financial approach for analyzing financial transitions	13
Foreign exchange trading and management with the stochastic dual dynamic programming method	12
Artificial intelligence in the service of entrepreneurial finance: knowledge structure and the foundational algorithmic paradigm	12
Feature selection with annealing for forecasting financial time series	12
The implication of cryptocurrency volatility on five largest African financial system stability	12
Can investors profit by utilizing technical trading strategies? Evidence from the Korean and Chinese stock markets	12
The time-varying causal relationship between the Bitcoin market and internet attention	12
Effect of blockchain technology initiatives on firms’ market value	12
Is pass-through of the exchange rate to restaurant and hotel prices asymmetric in the US? Role of monetary policy uncertainty	12

Shadow banking: a bibliometric and content analysis	12
Data envelopment analysis for scale elasticity measurement in the stochastic case: with an application to Indian banking	11
Online payment fraud: from anomaly detection to risk management	11
Estimation of default and pricing for invoice trading (P2B) on crowdlending platforms	11
Optimal liquidation using extended trading close for multiple trading days	11
The implications of the ecological footprint and renewable energy usage on the financial stability of South Asian countries	11
An empirical behavioral order-driven model with price limit rules	11
Dynamic DeFi-G7 stock markets interactions and their potential role in diversifying and hedging strategies	11
Online risk-based portfolio allocation on subsets of crypto assets applying a prototype-based clustering algorithm	11
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	11
A simplified model for measuring longevity risk for life insurance products	11
Introduction of the special issue on COVID-19 and the financial and economic systems	11
Tax avoidance and earnings management: a neural network approach for the largest European economies	10
Financial inclusion and fintech: a state-of-the-art systematic literature review	10
An analysis of the acquisition of a monetary function by cryptocurrency using a multi-agent simulation model	10
Information disclosure and funding success of green crowdfunding campaigns: a study on GoFundMe	10
Cooperative management of an emission trading system: a private governance and learned auction for a blockchain approach	10
A multicriteria credit scoring model for SMEs using hybrid BWM and TOPSIS	10
Proposal of an innovative MCDA evaluation methodology: knowledge discovery through rank reversal, standard deviation, and relationship with stock return	10
Optimal portfolio selection with volatility information for a high frequency rebalancing algorithm	10
Analysing the financial innovation-based characteristics of stock market efficiency using fuzzy decision-making technique	10
Editor’s introduction	9
The effects of skewness and kurtosis on production and hedging decisions: a Gram-Charlier expansion approach	9
Cryptocurrency competition: empirical testing of Hayek’s vision of private monies	9
COVID-19 pandemic risk and probability of loan default: evidence from marketplace lending market	9
Industry return predictability using health policy uncertainty	9
Does communication increase investors’ trading frequency? Evidence from a Chinese social trading platform	9
The impact of prestigious attorneys on IPO withdrawal in the global primary market	9
Features of different asset types and extreme risk transmission during the COVID-19 crisis	9
The function and impact of cryptocurrency and data technology in the context of financial technology: introduction to the issue	9
A self-employed taxpayer experimental study on trust, power, and tax compliance in eleven countries	9
Impact of CEO attributes on corporate reputation, financial performance, and corporate sustainable growth: evidence from India	9
Editor’s introduction	9
Optimal expenditure decentralization for sustainable development: evidence from a 52-country panel analysis	9
User acceptance of social network-backed cryptocurrency: a unified theory of acceptance and use of technology (UTAUT)-based analysis	9
CEO political orientation and loan contract	9
Investigation of the relationship between number of tweets and USDTRY exchange rate with wavelet coherence and transfer entropy analysis	9
Copula-based trading of cointegrated cryptocurrency Pairs	9
Managing crash risks through supply chain transparency: evidence from China	9
Stressed portfolio optimization with semiparametric method	9
Automated market makers and decentralized exchanges: a DeFi primer	8
Currencies of greater interest for central Asian economies: an analysis of exchange market pressure amid global and regional interdependence	8
Exploring the growth value equity valuation model with data visualization	8
Editor’s introduction	8
Modeling ESG-driven industrial value chain dynamics using directed graph neural networks	8
Fintech research: systematic mapping, classification, and future directions	8
The role of R&D and economic policy uncertainty in Sri Lanka’s economic growth	8
Personalized fund recommendation with dynamic utility learning	8
Consumer lending efficiency: commercial banks versus a fintech lender	8
Drivers influencing the adoption of cryptocurrency: a social network analysis approach	8
Determining the financial performance of the firms in the Borsa Istanbul sustainability index: integrating multi criteria decision making methods with simulation	8
Extreme dependencies and spillovers between gold and stock markets: evidence from MENA countries	8
Nonlinear dynamics in Divisia monetary aggregates: an application of recurrence quantification analysis	8
Scale elasticity and technical efficiency measures in two-stage network production processes: an application to the insurance sector	8
The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking	8
The nature and sources of international variation in formal institutions related to initial coin offerings: preliminary findings and a research agenda	8
The game of lies by stock investors in social media: a study based on city lockdowns in China	8
Is a correlation-based investment strategy beneficial for long-term international portfolio investors?	7
Qualitative financial modelling in fractal dimensions	7
Editor’s introduction	7
Impact of financial literacy, perceived access to finance, ICT use, and digitization on credit constraints: evidence from Qatari MSME importers	7
Does the carbon emission trading pilot policy promote green innovation cooperation? Evidence from a quasi-natural experiment in China	7
Could more innovation output bring better financial performance? The role of financial constraints	7
Editor’s introduction	7
Editor’s introduction	7
Modelling the dynamics of stock market in the gulf cooperation council countries: evidence on persistence to shocks	7
How to govern greenwashing behaviors in green finance products: a tripartite evolutionary game approach	7
Editor’s introduction	7
Do U.S. economic conditions at the state level predict the realized volatility of oil-price returns? A quantile machine-learning approach	7
Does a higher hashrate strengthen Bitcoin network security?	7
Understanding the financial innovation priorities for renewable energy investors via QFD-based picture fuzzy and rough numbers	7
A new hybrid method with data-characteristic-driven analysis for artificial intelligence and robotics index return forecasting	7
Forecasting cryptocurrency volatility: a novel framework based on the evolving multiscale graph neural network	7
Bitcoin: a new proof-of-work system with reduced variance	7
Raising capital amid economic policy uncertainty: an empirical investigation	7
The linkage between Bitcoin and foreign exchanges in developed and emerging markets	7
Angel investments of small family business entrepreneurs: cross-country evidence	7
Predicting the returns of the US real estate investment trust market: evidence from the group method of data handling neural network	7
The predictive power of Bitcoin prices for the realized volatility of US stock sector returns	7
Deep learning systems for forecasting the prices of crude oil and precious metals	7
A hybrid model for stock price prediction based on multi-view heterogeneous data	7
Toward an ecosystem of non-fungible tokens from mapping public opinions on social media	7
Elasticity of ESSM stock volatility: an analysis of the collapse of U.S., European, and Chinese markets during the COVID-19 pandemic	7
Quadrant categorization of spillover determinants of sovereign risk of BRICIT nations: a Bayesian approach	7
Consumer negative opinions on stock returns: evidence from E-commerce reviews in China	6
Research on interaction of innovation spillovers in the AI, Fin-Tech, and IoT industries: considering structural changes accelerated by COVID-19	6
Unleashing the green potential: exploring the dynamic influence of the urban digital economy on carbon emissions	6
Research on the cross-contagion between international stock markets and geopolitical risks: the two-layer network perspective	6
Joint multifractality in cross-correlations between grains & oilseeds indices and external uncertainties	6
Examining time–frequency quantile dependence between green bond and green equity markets	6
Bank efficiency in Middle East and North African countries: Does political connection type matter?	6
An evaluation of the adequacy of Lévy and extreme value tail risk estimates	6
Pandemic or panic? A firm-level study on the psychological and industrial impacts of COVID-19 on the Chinese stock market	6
An innovative machine learning workflow to research China’s systemic financial crisis with SHAP value and Shapley regression	6
Artificial neural network analysis of the day of the week anomaly in cryptocurrencies	6