OOIR: Observatory of International Research

Papers

(The TQCC of Financial Innovation is 14. 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 2021-08-01 to 2025-08-01.)

Article	Citations
Are suspicious activity reporting requirements for cryptocurrency exchanges effective?	264
Default or profit scoring credit systems? Evidence from European and US peer-to-peer lending markets	124
Impact of trading hours extensions on foreign exchange volatility: intraday evidence from the Moscow exchange	99
DeepPricing: pricing convertible bonds based on financial time-series generative adversarial networks	93
Return direction forecasting: a conditional autoregressive shape model with beta density	92
A firm-specific Malmquist productivity index model for stochastic data envelopment analysis: an application to commercial banks	88
An automated adaptive trading system for enhanced performance of emerging market portfolios	85
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis	80
Cross-sectional anomalies and conditional asset pricing models based on investor sentiment: evidence from the Chinese stock market	72
A blockchain and internet of things-based information infrastructure for the Chinese automotive sector carbon-credit market	71
Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism	70
From CFOs to crypto: exploratory study unraveling factors in corporate adoption	68
Unlocking the diversification benefits of DeFi for ASEAN stock market portfolios: a quantile study	65
A comprehensive MCDM assessment for economic data: success analysis of maximum normalization, CODAS, and fuzzy approaches	63
The nexus between the financial development and CO2 emissions: fresh evidence through time–frequency analyses	63
Fintech, regtech, and financial development: evidence from China	59
Cloud economy and its relationship with China’s economy—a capital market-based approach	57
Geographical distance and stock price synchronization: evidence from China	57
Asymmetric interactions among cutting-edge technologies and pioneering conventional and Islamic cryptocurrencies: fresh evidence from intra-day-based good and bad volatilities	52
A fuzzy BWM and MARCOS integrated framework with Heronian function for evaluating cryptocurrency exchanges: a case study of Türkiye	50
Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects	49
Analysis of crowdfunding platforms for microgrid project investors via a q-rung orthopair fuzzy hybrid decision-making approach	48
Realized volatility spillovers between energy and metal markets: a time-varying connectedness approach	48
Market capitalization shock effects on open innovation models in e-commerce: golden cut q-rung orthopair fuzzy multicriteria decision-making analysis	47
Pattern and determinants of tail-risk transmission between cryptocurrency markets: new evidence from recent crisis episodes	46

Editor’s introduction	43
Editor’s introduction	43
Beyond the surface: advanced wash-trading detection in decentralized NFT markets	42
Upside and downside correlated jump risk premia of currency options and expected returns	41
Corporate managers, price noise and the investment factor	40
The transaction behavior of cryptocurrency and electricity consumption	39
The impact of working capital management on credit rating	38
The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets	36
Bank loan information and information asymmetry in the stock market: evidence from China	36
Stock liquidity, financial constraints, and innovation in Chinese SMEs	35
The use of high-frequency data in cryptocurrency research: a meta-review of literature with bibliometric analysis	35
The financial benefits of health engagement programs to life insurers	34
Valuing options to renew at future market value: the case of commercial property leases	34
Revisiting the nexus between fiscal decentralization and CO2 emissions in South Africa: fresh policy insights	34
Bitcoin price change and trend prediction through twitter sentiment and data volume	33
Aspiration level, probability of success, and stock returns: an empirical test	33
Blockchain and digital finance	33
Editor’s introduction	33
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	31
Non-fungible tokens: a bubble or the end of an era of intellectual property rights	31
What explains the technical efficiency of banks in Tunisia? Evidence from a two-stage data envelopment analysis	31
Forecasting returns with machine learning and optimizing global portfolios: evidence from the Korean and U.S. stock markets	31
Consumer choices under new payment methods	31
Does sustainability disclosure improve analysts’ forecast accuracy? Evidence from European banks	30
Tone of language, financial disclosure, and earnings management: a textual analysis of form 20-F	29
Dynamic connectedness and hedging opportunities of the commodity and stock markets in China: evidence from the TVP-VAR and cDCC-FIAPARCH	29
Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target	28
Global uncertainty and potential shelters: gold, bitcoin, and currencies as weak and strong safe havens for main world stock markets	28
When you need them, they are not there: hedge capacities of cryptocurrencies disappear in downtrend markets	28
Cryptocurrency trading: a comprehensive survey	27
Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market	27
Governance of artificial intelligence applications in a business audit via a fusion fuzzy multiple rule-based decision-making model	27
Fundamental and speculative components of the cryptocurrency pricing dynamics	27
Innovative financial solutions for sustainable investments using artificial intelligence-based hybrid fuzzy decision-making approach in carbon capture technologies	26
Changing the whole game: effects of the COVID-19 pandemic's accelerated digitalization on European bank staff's data protection capabilities	26
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
Does microfinance foster the development of its clients? A bibliometric analysis and systematic literature review	25
Option pricing mechanisms driven by backward stochastic differential equations	25
A credit scoring model based on the Myers–Briggs type indicator in online peer-to-peer lending	25
Incorporating causal notions to forecasting time series: a case study	25
Using ELECTRE-TRI and FlowSort methods in a stock portfolio selection context	25
Prioritizing real estate enterprises based on credit risk assessment: an integrated multi-criteria group decision support framework	25
The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan	24
Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: evidence from public listed firms in Malaysia	24
Decoding the future: a bibliometric exploration of blockchain in logistics	24
A structural VAR and VECM modeling method for open-high-low-close data contained in candlestick chart	24
Portfolio management under capital market frictions: a grey clustering approach	24
Predicting Fintech Innovation Adoption: the Mediator Role of Social Norms and Attitudes	23

Implementation of deep learning models in predicting ESG index volatility	23
A novel stochastic modeling framework for coal production and logistics through options pricing analysis	23
Forecasting relative returns for S&P 500 stocks using machine learning	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
Evaluating the resource management and profitability efficiencies of US commercial banks from a dynamic network perspective	23
On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum	22
An impact assessment of the COVID-19 pandemic on Japanese and US hotel stocks	22
Latency arbitrage and the synchronized placement of orders	22
Editor’s introduction	21
A theory of very short-time price change: security price drivers in times of high-frequency trading	21
Correction to: High frequency multiscale relationships among major cryptocurrencies: portfolio management implications	21
Dynamic spatiotemporal correlation coefficient based on adaptive weight	21
The dynamics of frequency connectedness between technology ETFs and uncertainty indices under extreme market conditions	21
Design of the contingent royalty rate as related to the type of investment	21
Asymmetric threshold effects of digitization on inflation in emerging markets	20
A multidimensional review of the cash management problem	20
ESG disagreement and corporate debt maturity: evidence from China	19
A probabilistic approach for the valuation of variance swaps under stochastic volatility with jump clustering and regime switching	19
Tracing the ties that bind: navigating the static and dynamic connectedness between NFTs and equity markets in ASEAN based on QVAR-approach	19
The volatility mechanism and intelligent fusion forecast of new energy stock prices	19
Interlinkages across US sectoral returns: time-varying interconnectedness and hedging effectiveness	19
Credit granting sorting model for financial organizations	18
Analyzing the barriers to blockchain adoption in supply chain finance using an integrated interval-valued Fermatean fuzzy RAFSI model	18
Editor’s introduction	18
Detecting the lead–lag effect in stock markets: definition, patterns, and investment strategies	18
The witching week of herding on bitcoin exchanges	18
Markets in crypto-assets regulation: Does it provide legal certainty and increase adoption of crypto-assets?	18
Analysis of the cryptocurrency market using different prototype-based clustering techniques	18
Network DEA based on DEA-ratio	17
Impact of sustainability on financial distress in the air transport industry: the moderating effect of Asia–Pacific	17
Bitcoin as a financial asset: a survey	17
Trade credit financing for supply chain coordination under financial challenges: a multi-leader–follower game approach	17
Market value of R&D, patents, and CEO characteristics	17
Crowdfunding innovative but risky new ventures: the importance of less ambiguous tone	17
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	17
Google search volume index and investor attention in stock market: a systematic review	16
On the factors of Bitcoin’s value at risk	16
Editor’s introduction	16
Financial literacy, behavioral traits, and ePayment adoption and usage in Japan	16
Measuring the model risk-adjusted performance of machine learning algorithms in credit default prediction	16
How likely is it to beat the target at different investment horizons: an approach using compositional data in strategic portfolios	15
Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake	15
FDI-growth and trade-growth relationships during crises: evidence from Bangladesh	15
How does Covid-19 affect global equity markets?	15
Determinants of conventional and digital investment advisory decisions: a systematic literature review	15
Unsupervised clustering of bitcoin transactions	15
Determinants in adopting cashless payments in Europe: a multilevel analysis	15
How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework	15
Crypto market betas: the limits of predictability and hedging	15
Sovereign default network and currency risk premia	15
Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17: a new paid-incurred chain approach to risk adjustments	14
Dynamics of the relationship between stock markets and exchange rates during quantitative easing and tightening	14
A literature review and integrated framework for the determinants of crowdfunding success	14
Strategic interaction between institutional investors and supervision department: a theoretical analysis of low-price collusion in SBIC	14
Did weekly economic index and volatility index impact US food sales during the first year of the pandemic?	14
How are texts analyzed in blockchain research? A systematic literature review	14
Operational risk assessment of third-party payment platforms: a case study of China	14
Elitist-opposition-based artificial electric field algorithm for higher-order neural network optimization and financial time series forecasting	14
On the robust drivers of cryptocurrency liquidity: the case of Bitcoin	14
Domain adaptation-based multistage ensemble learning paradigm for credit risk evaluation	14