OOIR: Observatory of International Research

Papers

(The TQCC of Financial Innovation is 16. 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 2021-11-01 to 2025-11-01.)

Article	Citations
Impact of trading hours extensions on foreign exchange volatility: intraday evidence from the Moscow exchange	282
A firm-specific Malmquist productivity index model for stochastic data envelopment analysis: an application to commercial banks	143
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis	115
Return direction forecasting: a conditional autoregressive shape model with beta density	101
DeepPricing: pricing convertible bonds based on financial time-series generative adversarial networks	95
Factors influencing generative artificial intelligence adoption in Vietnam’s banking sector: an empirical study	94
An automated adaptive trading system for enhanced performance of emerging market portfolios	80
A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market	78
From CFOs to crypto: exploratory study unraveling factors in corporate adoption	78
Cross-sectional anomalies and conditional asset pricing models based on investor sentiment: evidence from the Chinese stock market	77
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	74
The nexus between the financial development and CO2 emissions: fresh evidence through time–frequency analyses	70
Unlocking the diversification benefits of DeFi for ASEAN stock market portfolios: a quantile study	67
Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets	62
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	60
Fintech, regtech, and financial development: evidence from China	57
Geographical distance and stock price synchronization: evidence from China	56
Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	53
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	53
Cloud economy and its relationship with China’s economy—a capital market-based approach	53
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	50
Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects	50
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	49
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	49
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	46

Editor’s introduction	44
Bank loan information and information asymmetry in the stock market: evidence from China	42
The impact of working capital management on credit rating	41
Editor’s introduction	41
Upside and downside correlated jump risk premia of currency options and expected returns	40
Stock liquidity, financial constraints, and innovation in Chinese SMEs	40
Corporate managers, price noise and the investment factor	39
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	38
Beyond the surface: advanced wash-trading detection in decentralized NFT markets	38
The transaction behavior of cryptocurrency and electricity consumption	37
The use of high-frequency data in cryptocurrency research: a meta-review of literature with bibliometric analysis	37
The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets	37
The financial benefits of health engagement programs to life insurers	36
Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets	35
Aspiration level, probability of success, and stock returns: an empirical test	35
Consumer choices under new payment methods	35
Editor’s introduction	35
When you need them, they are not there: hedge capacities of cryptocurrencies disappear in downtrend markets	35
Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH	34
Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target	33
Non-fungible tokens: a bubble or the end of an era of intellectual property rights	33
Valuing options to renew at future market value: the case of commercial property leases	33
Tone of language, financial disclosure, and earnings management: a textual analysis of form 20-F	32
Governance of artificial intelligence applications in a business audit via a fusion fuzzy multiple rule-based decision-making model	32
Forecasting returns with machine learning and optimizing global portfolios: evidence from the Korean and U.S. stock markets	32
Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market	32
Blockchain and digital finance	31
A hybrid framework for assessing Pakistani commercial bank performance using multi-criteria decision-making	31
Trusting the trustless blockchain for its adoption in accounting: theorizing the mediating role of technology-organization-environment framework	30
Does sustainability disclosure improve analysts’ forecast accuracy? Evidence from European banks	30
Fundamental and speculative components of the cryptocurrency pricing dynamics	30
Cryptocurrency trading: a comprehensive survey	29
Empirical evidence on the ownership and liquidity of real estate tokens	29
Changing the whole game: effects of the COVID-19 pandemic's accelerated digitalization on European bank staff's data protection capabilities	29
Bitcoin price change and trend prediction through twitter sentiment and data volume	29
Innovative financial solutions for sustainable investments using artificial intelligence-based hybrid fuzzy decision-making approach in carbon capture technologies	28
Prioritizing real estate enterprises based on credit risk assessment: an integrated multi-criteria group decision support framework	28
Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review	28
A credit scoring model based on the Myers–Briggs type indicator in online peer-to-peer lending	28
Using ELECTRE-TRI and FlowSort methods in a stock portfolio selection context	28
Herding and investor sentiment after the cryptocurrency crash: evidence from Twitter and natural language processing	28
Option pricing mechanisms driven by backward stochastic differential equations	27
Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: evidence from public listed firms in Malaysia	27
Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes	26
On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum	26
The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan	26
Implementation of deep learning models in predicting ESG index volatility	26
A novel stochastic modeling framework for coal production and logistics through options pricing analysis	26
Decoding the future: a bibliometric exploration of blockchain in logistics	25
From advantage to disadvantage: how FinTech impacts small banks?	25

Portfolio management under capital market frictions: a grey clustering approach	25
A structural VAR and VECM modeling method for open-high-low-close data contained in candlestick chart	25
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	25
Incorporating causal notions to forecasting time series: a case study	25
Design of the contingent royalty rate as related to the type of investment	24
Forecasting relative returns for S&P 500 stocks using machine learning	24
Latency arbitrage and the synchronized placement of orders	24
Evaluating the resource management and profitability efficiencies of US commercial banks from a dynamic network perspective	24
A multidimensional review of the cash management problem	24
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	24
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
Editor’s introduction	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
The dynamics of frequency connectedness between technology ETFs and uncertainty indices under extreme market conditions	22
Detecting the lead–lag effect in stock markets: definition, patterns, and investment strategies	21
Tracing the ties that bind: navigating the static and dynamic connectedness between NFTs and equity markets in ASEAN based on QVAR-approach	21
ESG disagreement and corporate debt maturity: evidence from China	21
The volatility mechanism and intelligent fusion forecast of new energy stock prices	21
Interlinkages across US sectoral returns: time-varying interconnectedness and hedging effectiveness	21
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	20
Markets in crypto-assets regulation: Does it provide legal certainty and increase adoption of crypto-assets?	20
Editor’s introduction	20
Analyzing the barriers to blockchain adoption in supply chain finance using an integrated interval-valued Fermatean fuzzy RAFSI model	20
Credit granting sorting model for financial organizations	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
Analysis of the cryptocurrency market using different prototype-based clustering techniques	19
Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone	19
Market value of R&D, patents, and CEO characteristics	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
Network DEA based on DEA-ratio	19
On the factors of Bitcoin’s value at risk	19
Bitcoin as a financial asset: a survey	19
How likely is it to beat the target at different investment horizons: an approach using compositional data in strategic portfolios	18
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	18
Editor’s introduction	18
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	18
The witching week of herding on bitcoin exchanges	18
Determinants of conventional and digital investment advisory decisions: a systematic literature review	17
Elitist-opposition-based artificial electric field algorithm for higher-order neural network optimization and financial time series forecasting	17
FDI-growth and trade-growth relationships during crises: evidence from Bangladesh	17
Crypto market betas: the limits of predictability and hedging	17
Determinants in adopting cashless payments in Europe: a multilevel analysis	17
How are texts analyzed in blockchain research? A systematic literature review	16
Dynamics of the relationship between stock markets and exchange rates during quantitative easing and tightening	16
Operational risk assessment of third-party payment platforms: a case study of China	16
Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC	16
Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake	16
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	16
Unsupervised clustering of bitcoin transactions	16
Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17: a new paid-incurred chain approach to risk adjustments	16