Financial Innovation

Article	Citations
Impact of trading hours extensions on foreign exchange volatility: intraday evidence from the Moscow exchange	188
The nexus between the financial development and CO2 emissions: fresh evidence through time–frequency analyses	113
Green finance and brown firms along the chain: environmental gains, economic pains, and supply-chain transmission	108
A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market	106
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	101
Factors influencing generative artificial intelligence adoption in Vietnam’s banking sector: an empirical study	101
Linear and asymmetric interactions of bank and stock market development in the face of global economic uncertainty: a focus on the Nigerian economy	95
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	91
From CFOs to crypto: exploratory study unraveling factors in corporate adoption	86
Return direction forecasting: a conditional autoregressive shape model with beta density	84
Cross-sectional anomalies and conditional asset pricing models based on investor sentiment: evidence from the Chinese stock market	83
FDI and Total Factor Productivity: Does the trajectory of FDI matter?	69
DeepPricing: pricing convertible bonds based on financial time-series generative adversarial networks	68
Unlocking the future of paytech: exploring biometric payment card adoption patterns	66
Unlocking the diversification benefits of DeFi for ASEAN stock market portfolios: a quantile study	65
A firm-specific Malmquist productivity index model for stochastic data envelopment analysis: an application to commercial banks	65
An automated adaptive trading system for enhanced performance of emerging market portfolios	65
Cross-moment interaction in multivariate semi-nonparametric densities for risk forecasting	63
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	63
Editor’s introduction	62
Geographical distance and stock price synchronization: evidence from China	58
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	56
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	53
Striking a balance: the crucial role of climate risk disclosure in correcting overvaluation and undervaluation in stock markets	51
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	50

Integrating Income-Indices into life insurance and financial products	48
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	46
Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	46
Editor’s introduction	44
The transaction behavior of cryptocurrency and electricity consumption	44
Editor’s introduction	44
Editor’s introduction	44
Upside and downside correlated jump risk premia of currency options and expected returns	43
Drivers of financial app usage in China: an integrated theoretical model	43
Corporate managers, price noise and the investment factor	43
Beyond the surface: advanced wash-trading detection in decentralized NFT markets	42
The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets	42
Stock liquidity, financial constraints, and innovation in Chinese SMEs	41
The use of high-frequency data in cryptocurrency research: a meta-review of literature with bibliometric analysis	41
The impact of working capital management on credit rating	41
Bank loan information and information asymmetry in the stock market: evidence from China	40
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	39
Editor’s introduction	38
The financial benefits of health engagement programs to life insurers	38
Algorithmic crypto trading using information-driven bars, triple barrier labeling and deep learning	37
Data analytics to prevent retail credit card fraud: empirical evidence from Latin America	37
Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH	36
Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets	36
Consumer choices under new payment methods	36
Valuing options to renew at future market value: the case of commercial property leases	36
Trusting the trustless blockchain for its adoption in accounting: theorizing the mediating role of technology-organization-environment framework	36
Aspiration level, probability of success, and stock returns: an empirical test	35
Blockchain and digital finance	34
Non-fungible tokens: a bubble or the end of an era of intellectual property rights	33
When you need them, they are not there: hedge capacities of cryptocurrencies disappear in downtrend markets	33
Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target	33
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	32
Does sustainability disclosure improve analysts’ forecast accuracy? Evidence from European banks	31
Fundamental and speculative components of the cryptocurrency pricing dynamics	31
Tone of language, financial disclosure, and earnings management: a textual analysis of form 20-F	31
Forecasting returns with machine learning and optimizing global portfolios: evidence from the Korean and U.S. stock markets	30
Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market	30
A hybrid framework for assessing Pakistani commercial bank performance using multi-criteria decision-making	29
Predicting foreign exchange in emerging markets with a nearest neighbor approach: fundamentals versus online attention indicators	29
A credit scoring model based on the Myers–Briggs type indicator in online peer-to-peer lending	29
Volatility spillovers and portfolio diversification strategies after the 2023 Israel–Hamas conflict	29
Exploring the relationship between bank liquidity risk and the media sentiment index via big data technology: a study during the COVID-19 pandemic and the Russia–Ukraine conflict	28
Investigating the interplay between green finance, eco-innovation, natural resources, and environmental sustainability: evidence from panel quantile and machine learning approaches	27
The consumer-to-producer temperature gradient predicts leading indicators: a new economic measurement based on physical principles and cause and effect	27
Digital transformation and corporate financialization: evidence against the tech bubble hypothesis	27
Jumps and higher-order moments of crude oil and stock sectors in China: new insights from timescales connectedness	27
Empirical evidence on the ownership and liquidity of real estate tokens	26
Herding and investor sentiment after the cryptocurrency crash: evidence from Twitter and natural language processing	26
Innovative financial solutions for sustainable investments using artificial intelligence-based hybrid fuzzy decision-making approach in carbon capture technologies	25

Changing the whole game: effects of the COVID-19 pandemic's accelerated digitalization on European bank staff's data protection capabilities	25
Prioritizing real estate enterprises based on credit risk assessment: an integrated multi-criteria group decision support framework	25
Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: evidence from public listed firms in Malaysia	24
Incorporating causal notions to forecasting time series: a case study	24
A novel stochastic modeling framework for coal production and logistics through options pricing analysis	24
Option pricing mechanisms driven by backward stochastic differential equations	24
A structural VAR and VECM modeling method for open-high-low-close data contained in candlestick chart	24
Decoding the future: a bibliometric exploration of blockchain in logistics	24
On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum	23
Forecasting relative returns for S&P 500 stocks using machine learning	23
Portfolio management under capital market frictions: a grey clustering approach	23
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	23
Implementation of deep learning models in predicting ESG index volatility	23
From advantage to disadvantage: how FinTech impacts small banks?	23
Evaluating the resource management and profitability efficiencies of US commercial banks from a dynamic network perspective	23
Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes	23
Editor’s introduction	22
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	22
Design of the contingent royalty rate as related to the type of investment	22
Latency arbitrage and the synchronized placement of orders	22
ESG disagreement and corporate debt maturity: evidence from China	21
Toward transparent and accurate housing price appraisal: Hedonic price models versus machine learning algorithms	21
The dynamics of frequency connectedness between technology ETFs and uncertainty indices under extreme market conditions	21
Tracing the ties that bind: navigating the static and dynamic connectedness between NFTs and equity markets in ASEAN based on QVAR-approach	21
A spatial analysis of the use of Bitcoin as a medium of exchange	21
A multidimensional review of the cash management problem	21
A probabilistic approach for the valuation of variance swaps under stochastic volatility with jump clustering and regime switching	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
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	20
The volatility mechanism and intelligent fusion forecast of new energy stock prices	20
Interlinkages across US sectoral returns: time-varying interconnectedness and hedging effectiveness	20
Editor’s introduction	20
Dynamic spatiotemporal correlation coefficient based on adaptive weight	20
Detecting the lead–lag effect in stock markets: definition, patterns, and investment strategies	20
A theory of very short-time price change: security price drivers in times of high-frequency trading	20
Google search volume index and investor attention in stock market: a systematic review	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	19
Market value of R&D, patents, and CEO characteristics	19
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	19
Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific	19
The impact of financial innovation, economic complexity, and green technologies on natural resource management in eu countries	19
How likely is it to beat the target at different investment horizons: an approach using compositional data in strategic portfolios	18
Analyzing the barriers to blockchain adoption in supply chain finance using an integrated interval-valued Fermatean fuzzy RAFSI model	18
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	18
Editor’s introduction	18
Quantile time-frequency connectedness and networks across cryptocurrency markets	18
Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone	18
Bitcoin as a financial asset: a survey	18
Funder’s characteristics: a systematic literature review on crowdfunding and the application of the TCCM framework to the equity context	17
Impact of fintech-centric financial inclusion on bank risk-taking: evidence from developing countries	17
Multiobjective portfolio management based on dynamic link prediction	17
Unsupervised clustering of bitcoin transactions	17
Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC	17
How are texts analyzed in blockchain research? A systematic literature review	17
Impact of CEO perceived dominance on corporate financial performance: an empirical study based on facial feature extraction via deep learning	17
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	16
Determinants in adopting cashless payments in Europe: a multilevel analysis	16
Crypto market betas: the limits of predictability and hedging	16
Determinants of conventional and digital investment advisory decisions: a systematic literature review	16
Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake	16
How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework	16
Domain adaptation-based multistage ensemble learning paradigm for credit risk evaluation	16
FDI-growth and trade-growth relationships during crises: evidence from Bangladesh	16
On the robust drivers of cryptocurrency liquidity: the case of Bitcoin	16
Does every cloud have a silver lining?The effect of digitalization and government measures on bank efficiency during the pandemic	15
Elitist-opposition-based artificial electric field algorithm for higher-order neural network optimization and financial time series forecasting	15
ETF construction on CRIX	15
Effects of financial development and capital accumulation on labor productivity in sub-Saharan Africa: new insight from cross sectional autoregressive lag approach	15
Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach	15
Dynamics of the relationship between stock markets and exchange rates during quantitative easing and tightening	15
Banking fintech and corporate innovation in China’s carbon-intensive industries: evidence from different panel approaches	15
Optimizing the link between ESG and profitability in banks: the role of the One Health perspective	15
Social–financial approach for analyzing financial transitions	15
A literature review and integrated framework for the determinants of crowdfunding success	15
Sovereign default network and currency risk premia	15
Green information disclosure and shareholding preferences of institutional investors: the case of China	15
Green assets are not so green: assessing environmental outcomes using machine learning and local projections	15
Comparison of the asymmetric multifractal behavior of green and U.S. bonds against benchmark financial assets	15
A quantum model for the overpriced put puzzle	14

Is pass-through of the exchange rate to restaurant and hotel prices asymmetric in the US? Role of monetary policy uncertainty	14
Predicting financial distress in high-dimensional imbalanced datasets: a multi-heterogeneous self-paced ensemble learning framework	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
Data envelopment analysis for scale elasticity measurement in the stochastic case: with an application to Indian banking	14
The implications of the ecological footprint and renewable energy usage on the financial stability of South Asian countries	14
Foreign exchange trading and management with the stochastic dual dynamic programming method	14
Evaluating the transition to the east african monetary union through monetary transmission mechanisms	14
Exploring the moderating role of financial development in environmental Kuznets curve for South Africa: fresh evidence from the novel dynamic ARDL simulations approach	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
The implication of cryptocurrency volatility on five largest African financial system stability	14
The path towards renewable energy: business transformation processes and inefficient investment	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	14
Disaggregated effect of construction investments on the Saudi economy: a dynamic computable general equilibrium model of Saudi Arabia	13
Does financial development enhance the environmental benefits of technological progress? An empirical investigation	13
Digital financial services adoption: a retrospective time-to-event analysis approach	13
Effect of blockchain technology initiatives on firms’ market value	13
Optimal liquidation using extended trading close for multiple trading days	13
Online risk-based portfolio allocation on subsets of crypto assets applying a prototype-based clustering algorithm	13
From pandemic turbulence to recovery: a dynamic assessment of return and volatility spillovers in tourism finance	13
The moderating role of financial literacy on the nexus of financial information sources and risky investment behavior: is it contingent on financial interest and risk tolerance level?	13
Artificial intelligence in the service of entrepreneurial finance: knowledge structure and the foundational algorithmic paradigm	13
Feature selection with annealing for forecasting financial time series	13
Can investors profit by utilizing technical trading strategies? Evidence from the Korean and Chinese stock markets	13
Sovchain: novel mutual authentication scheme for self-sovereign identity management using blockchain for open banking	13
Online payment fraud: from anomaly detection to risk management	13
Estimation of default and pricing for invoice trading (P2B) on crowdlending platforms	12
An analysis of the acquisition of a monetary function by cryptocurrency using a multi-agent simulation model	12
Analysing the financial innovation-based characteristics of stock market efficiency using fuzzy decision-making technique	12
The impact of prestigious attorneys on IPO withdrawal in the global primary market	12
Cryptocurrencies as shock transmitters: dynamic connectedness, hedging strategies, and portfolio management across financial markets for higher-order moments	12
A simplified model for measuring longevity risk for life insurance products	12
Financial inclusion and fintech: a state-of-the-art systematic literature review	12
Information disclosure and funding success of green crowdfunding campaigns: a study on GoFundMe	12
Proposal of an innovative MCDA evaluation methodology: knowledge discovery through rank reversal, standard deviation, and relationship with stock return	12
Introduction of the special issue on COVID-19 and the financial and economic systems	12
On the determinants of journal rejection rates: evidence from the Journal of Financial Economics	11
Optimal portfolio selection with volatility information for a high frequency rebalancing algorithm	11
User acceptance of social network-backed cryptocurrency: a unified theory of acceptance and use of technology (UTAUT)-based analysis	11
Machine learning-enhanced fuzzy framework for prioritizing financial risk management techniques in renewable energy projects	11
Editor’s introduction	11
Cooperative management of an emission trading system: a private governance and learned auction for a blockchain approach	11
Dynamic spillover effect among carbon finance, bitcoin, and green energy markets: a novel decomposed connectedness and portfolio analysis	11
Features of different asset types and extreme risk transmission during the COVID-19 crisis	11
Cryptocurrency competition: empirical testing of Hayek’s vision of private monies	11
Dynamic DeFi-G7 stock markets interactions and their potential role in diversifying and hedging strategies	11
Tax avoidance and earnings management: a neural network approach for the largest European economies	11
A self-employed taxpayer experimental study on trust, power, and tax compliance in eleven countries	11
CEO political orientation and loan contract	11
Optimal expenditure decentralization for sustainable development: evidence from a 52-country panel analysis	10
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	10
Modeling ESG-driven industrial value chain dynamics using directed graph neural networks	10
Financial stress evaluation: a complexity science approach	10
Managing crash risks through supply chain transparency: evidence from China	10
Industry return predictability using health policy uncertainty	10
The game of lies by stock investors in social media: a study based on city lockdowns in China	10
A study of risk accumulation in financial systems from the perspective of complex networks	10
The effects of skewness and kurtosis on production and hedging decisions: a Gram-Charlier expansion approach	10
Investigation of the relationship between number of tweets and USDTRY exchange rate with wavelet coherence and transfer entropy analysis	10
Editor’s introduction	10
Copula-based trading of cointegrated cryptocurrency Pairs	10
Designing green artificial intelligence (Green AI) models for finance: a novel approach for sustainable and responsible adoption	10
Determining the financial performance of the firms in the Borsa Istanbul sustainability index: integrating multi criteria decision making methods with simulation	9
Financial technology (FinTech) and green economy synergies for climate resilience and net-zero goals: evidence from G20 countries	9
Innovation’s dark side: how digital finance and regional innovation ecosystems amplify corporate debt risks in China	9
Drivers influencing the adoption of cryptocurrency: a social network analysis approach	9
Currencies of greater interest for central Asian economies: an analysis of exchange market pressure amid global and regional interdependence	9
Scale elasticity and technical efficiency measures in two-stage network production processes: an application to the insurance sector	9
Deep learning systems for forecasting the prices of crude oil and precious metals	9
Exploring the growth value equity valuation model with data visualization	9
Extreme dependencies and spillovers between gold and stock markets: evidence from MENA countries	9
Revitalizing waste: unraveling circular dynamics in EU waste-to-energy-insights into incineration, technology, and primary energy supply	9
Fintech research: systematic mapping, classification, and future directions	9
Editor’s introduction	9
Nonlinear dynamics in Divisia monetary aggregates: an application of recurrence quantification analysis	9
How to govern greenwashing behaviors in green finance products: a tripartite evolutionary game approach	9
The linkage between Bitcoin and foreign exchanges in developed and emerging markets	9
Investigating sustainable entrepreneurship: unforeseen effect of financial action task force (FATF) beneficial ownership policy through quasi-natural experiments	9
The nature and sources of international variation in formal institutions related to initial coin offerings: preliminary findings and a research agenda	9
Does communication increase investors’ trading frequency? Evidence from a Chinese social trading platform	9
Optimizing resource allocation in a three-stage banking network: a centralized DEA approach with shared, integer-valued and undesirable factors	9
Personalized fund recommendation with dynamic utility learning	9
Strategic imperatives: green bond integration and digital economic infrastructure for Japan's energy transitions	9
The influence of CEO’s financial literacy on SMEs technological innovation: the mediating effects of MCS and risk-taking	9
Understanding the financial innovation priorities for renewable energy investors via QFD-based picture fuzzy and rough numbers	8
Is a correlation-based investment strategy beneficial for long-term international portfolio investors?	8
Editor’s introduction	8
Editor’s introduction: special issue on the anomie of AI in finance; financial markets & investments; economic & policy analysis; corporate governance & related market dynamics	8
Do U.S. economic conditions at the state level predict the realized volatility of oil-price returns? A quantile machine-learning approach	8
Angel investments of small family business entrepreneurs: cross-country evidence	8
Editor’s introduction	8
A new hybrid method with data-characteristic-driven analysis for artificial intelligence and robotics index return forecasting	8
Modelling the dynamics of stock market in the gulf cooperation council countries: evidence on persistence to shocks	8
Raising capital amid economic policy uncertainty: an empirical investigation	8
The predictive power of Bitcoin prices for the realized volatility of US stock sector returns	8