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  1. This research paper analyzes revenue trends in e-commerce, a sector with an annual sales volume of more than 340 billion dollars. The article evaluates, despite a scarcity of data, the effects on e-commerce de...

    Authors: Nikita Moiseev, Alexey Mikhaylov, Hasan Dinçer and Serhat Yüksel
    Citation: Financial Innovation 2023 9:55
  2. The argument over fiscal decentralization and carbon dioxide emission (CO2) reduction has received much attention. However, evidence to back this claim is limited. Economic theory predicts that fiscal decentraliz...

    Authors: Maxwell Chukwudi Udeagha and Marthinus Christoffel Breitenbach
    Citation: Financial Innovation 2023 9:50
  3. We introduce evolutionary game method to analyze low-price collusion in inquiry market of Sci-Tech Innovation Board of China (SIBC) from the perspective of strategic interaction between large institutional inv...

    Authors: Xin Li and Zhuming Chen
    Citation: Financial Innovation 2023 9:51
  4. Central Asian Economies (CAEs) have diverse exchange rate policies. They have recorded higher volatility in the foreign exchange market since inception. High volatility of the transition era has drifted these ...

    Authors: Devendra Kumar Jain, Naqeeb Ur-Rehman, Omonjon Ganiev and Kapil Arora
    Citation: Financial Innovation 2023 9:46
  5. Overconfidence behavior, one form of positive illusion, has drawn considerable attention throughout history because it is viewed as the main reason for many crises. Investors’ overconfidence, which can be obse...

    Authors: Esra Alp Coşkun, Hakan Kahyaoglu and Chi Keung Marco Lau
    Citation: Financial Innovation 2023 9:30
  6. Using a recent stock market liberalization reform policy in China—the Stock Connect—as a quasi-natural experiment, this study examines the effect of stock market liberalization on market efficiency. Employing ...

    Authors: Yan Meng, Lingyun Xiong, Lijuan Xiao and Min Bai
    Citation: Financial Innovation 2023 9:42
  7. Full electronic automation in stock exchanges has recently become popular, generating high-frequency intraday data and motivating the development of near real-time price forecasting methods. Machine learning a...

    Authors: Xuekui Zhang, Yuying Huang, Ke Xu and Li Xing
    Citation: Financial Innovation 2023 9:39
  8. In the nonparametric data envelopment analysis literature, scale elasticity is evaluated in two alternative ways: using either the technical efficiency model or the cost efficiency model. This evaluation becom...

    Authors: Alireza Amirteimoori, Biresh K. Sahoo and Saber Mehdizadeh
    Citation: Financial Innovation 2023 9:31
  9. Using data from the Bucharest Stock Exchange, we examine the factors influencing the probability of informed trading (PIN) during February—October 2020, a COVID-19 pandemic period. Based on an unconditional qu...

    Authors: Cosmin Octavian Cepoi, Victor Dragotă, Ruxandra Trifan and Andreea Iordache
    Citation: Financial Innovation 2023 9:34
  10. The current study extends the previous literature by exploring the effects of a newly discovered driver, i.e., import taxes (as a proxy for commercial policies), on the consumption-based carbon emissions (CCO2...

    Authors: Muhammad Zubair Chishti, Hafiz Syed Muhammad Azeem and Muhammad Kamran Khan
    Citation: Financial Innovation 2023 9:33
  11. This study aimed to evaluate the components of a fintech ecosystem for distributed energy investments. A new decision-making model was created using multiple stepwise weight assessment ratio analysis and elimi...

    Authors: Rui Ai, Yuhang Zheng, Serhat Yüksel and Hasan Dinçer
    Citation: Financial Innovation 2023 9:27
  12. Eye tracking can facilitate understanding irrational decision-making in contexts such as financial risk-taking. For this purpose, we develop an experimental framework in which participants trade a risky asset ...

    Authors: Filip-Mihai Toma, Cosmin-Octavian Cepoi, Matei Nicolae Kubinschi and Makoto Miyakoshi
    Citation: Financial Innovation 2023 9:28
  13. This paper explores the asymmetric effect of COVID-19 pandemic news, as measured by the coronavirus indices (Panic, Hype, Fake News, Sentiment, Infodemic, and Media Coverage), on the cryptocurrency market. Usi...

    Authors: Ştefan Cristian Gherghina and Liliana Nicoleta Simionescu
    Citation: Financial Innovation 2023 9:21
  14. Because the U.S. is a major player in the international oil market, it is interesting to study whether aggregate and state-level economic conditions can predict the subsequent realized volatility of oil price ...

    Authors: Rangan Gupta and Christian Pierdzioch
    Citation: Financial Innovation 2023 9:24
  15. Many economies are on the trajectory of alternative growth drivers other than conventional capital and labor. Access to credit facilities is a pertinent indicator of economic growth. In line with the United Na...

    Authors: Amjad Taha, Mucahit Aydin, Taiwo Temitope Lasisi, Festus Victor Bekun and Narayan Sethi
    Citation: Financial Innovation 2023 9:20
  16. In this study, we investigate the relationship between tax avoidance and earnings management in the largest five European Union economies by using artificial neural network regressions. This methodology allows...

    Authors: Francisco J. Delgado, Elena Fernández-Rodríguez, Roberto García-Fernández, Manuel Landajo and Antonio Martínez-Arias
    Citation: Financial Innovation 2023 9:19
  17. This study examines the exchange rate pass-through to the United States (US) restaurant and hotel prices by incorporating the effect of monetary policy uncertainty over the period 2001:M12 to 2019:M01. Using ...

    Authors: Uju Violet Alola, Ojonugwa Usman and Andrew Adewale Alola
    Citation: Financial Innovation 2023 9:18
  18. The subject of this study is the microcredit market in the USA, more specifically in Florida. The justification for choosing this specific state is the massive presence of the Hispanic population. This will fa...

    Authors: Salvador Cruz Rambaud, Joaquín López Pascual and Emilio M. Santandreu
    Citation: Financial Innovation 2023 9:17
  19. We construct recurrence plots (RPs) and conduct recurrence quantification analysis (RQA) to investigate the dynamic properties of the new Center for Financial Stability (CFS) Divisia monetary aggregates for th...

    Authors: Ioannis Andreadis, Athanasios D. Fragkou, Theodoros E. Karakasidis and Apostolos Serletis
    Citation: Financial Innovation 2023 9:16

    The Correction to this article has been published in Financial Innovation 2023 9:56

  20. This study aims to examine whether life insurance futures can serve as a hedge against the COVID-19 pandemic and whether they have the characteristics of a safe haven under the impact of the health shocks of t...

    Authors: Kuan-Min Wang and Yuan-Ming Lee
    Citation: Financial Innovation 2023 9:13
  21. Previous literature showed mixed results about the impact of CEOs’ financial literacy (CFL) on small and medium-sized enterprises’ (SMEs) innovation. This relationship can be motivated by relevant variables, w...

    Authors: Antonio Duréndez, Julio Dieguez-Soto and Antonia Madrid-Guijarro
    Citation: Financial Innovation 2023 9:15
  22. In the last decade, the risk evaluation and the investment decision are among the most prominent issues of efficient project management. Especially, the innovative financial sources could have some specific ri...

    Authors: Qilong Wan, Xiaodong Miao, Chenguang Wang, Hasan Dinçer and Serhat Yüksel
    Citation: Financial Innovation 2023 9:10
  23. As prior researchers have suggested, a firm’s success in an international market depends on how well its strategy fits the nonmarket environment, such as formal institutions. This paper examines the determinan...

    Authors: Nir Kshetri
    Citation: Financial Innovation 2023 9:9
  24. The global pandemic, coronavirus disease 2019 (COVID-19), has significantly affected tourism, especially in Spain, as it was among the first countries to be affected by the pandemic and is among the world’s bi...

    Authors: Isabel Carrillo-Hidalgo, Juan Ignacio Pulido-Fernández, José Luis Durán-Román and Jairo Casado-Montilla
    Citation: Financial Innovation 2023 9:8
  25. This study investigates the asymmetric relationship between global and national factors and domestic food prices in Turkey, considering the recent rapid and continuous increase in domestic food prices. In this...

    Authors: Mustafa Tevfik Kartal and Özer Depren
    Citation: Financial Innovation 2023 9:11
  26. The purpose of the paper is to identify the factors of financial development that have the greatest impact on open innovation in 7 emerging countries. The analysis was performed featuring the MF-X-DMA method, ...

    Authors: Alexey Mikhaylov, Hasan Dinçer and Serhat Yüksel
    Citation: Financial Innovation 2023 9:4
  27. This study is designed to solve supply chain inefficiencies caused by some members' financial problems, such as capital shortages and financing restrictions in a stochastic environment. To this end, we have es...

    Authors: Faranak Emtehani, Nasim Nahavandi and Farimah Mokhatab Rafiei
    Citation: Financial Innovation 2023 9:6
  28. The extant literature has produced mixed evidence on the relationship between financial development and ecological sustainability. This work addresses this conundrum by investigating financial development’s di...

    Authors: Maxwell Chukwudi Udeagha and Marthinus Christoffel Breitenbach
    Citation: Financial Innovation 2023 9:5