920 hasil
Menampilkan 1–20 · 1,33 detik · RSS
Financial Innovation
Scopus
ISSN 2199-4730 · SpringerOpen · 920 artikel di indeks
-
Artikel Jurnal
Green finance and brown firms along the chain: environmental gains, economic pains, and supply-chain transmission
Abstract Green finance has become a central lever for steering economies toward decarbonization. Leveraging China’s 2016 policy package—Guiding Opinions on Establishing a Green Financial System—as a quasinatural experiment, we implement a difference-in-differences design on an 11-year panel of…
-
Artikel Jurnal
Black–scholes equation in quantitative finance with variable parameters: a path to a generalized schrodinger equation
Abstract Background The Black–Scholes–Merton model is considered one of the most important pricing models for financial instruments used for the estimation of stock options and the fair prices of stock options. In particular, for the European call option, the model is based on a number of…
-
Artikel Jurnal
Dependency structure and volatility connectedness among China-ASEAN stock market, cryptocurrencies, and crude oil
Abstract The purpose of this study was to assess the dependence structure and volatility connectedness among the COVID-19 crisis, the 2022 Russia–Ukraine war, and their influence on cryptocurrencies, crude oil, developed markets, and the equity markets of China and ASEAN countries under varying…
-
Artikel Jurnal
Innovation’s dark side: how digital finance and regional innovation ecosystems amplify corporate debt risks in China
Abstract This study examines the dual-edged role of digital finance (DF) and regional innovation (RI) in shaping corporate excess leverage (CEL) within China’s swiftly evolving economic landscape. Drawing on a comprehensive panel dataset of 1200 firm-year observations from Chinese listed firms…
-
Artikel Jurnal
More than money: strategic and operational innovation capabilities to promote technological innovation through crowdfunding
Abstract Crowdfunding delivers far more than financial capital when ventures possess the right innovation capabilities. Drawing on the dynamic-capability view, transaction-cost economics, and knowledge-based view, we theorize that strategic (dynamic scanning, seizing, and reconfiguring) and…
-
Artikel Jurnal
Financial development: are EU systems approaching?
Abstract In this paper, we analyze the evolution of financial development through a club convergence approach. The study covers the EU27 countries between 1993 and 2021. Specifically, we assess the data from the International Monetary Fund, the Financial Development Index (FDI), and its two main…
-
Artikel Jurnal
Spread the foreign redenomination risk to default premia: dynamic frequency connectedness analysis
Abstract We investigate how a correct decomposition of the credit default swap (CDS) quote into redenomination and default risks allows us to explore effectively the dynamic interconnections between such noteworthy events in four countries in the Euro area. We employ daily CDS data denominated in…
-
Artikel Jurnal
Dynamics among the term spread, stock market volatility forecast, financial market risk and oil price: an empirical analysis
Abstract The term spread is viewed as a leading indicator for predicting stock market volatility. The safe haven hypothesis argues that rising stock market volatility may increase the demand for Treasury-issued bonds, thereby lowering the term spread. This research proposes a synthesis of these two…
-
Artikel Jurnal
Event-driven changes in return connectedness among cryptocurrencies
Abstract Our study presents an in-depth analysis of the connectedness in returns among five major cryptocurrencies over a span from late 2017 to 2023. Our work introduces novel insights by employing a recently developed bootstrap-after-bootstrap method of Greenwood-Nimmo et al. (Econ Model, 140…
-
Artikel Jurnal
Green information disclosure and shareholding preferences of institutional investors: the case of China
Abstract Increasing social funding is essential for adapting to climate change and driving low-carbon transformation. Employing a panel two-way fixed effects model, we investigate the response of institutional investors’ shareholding preferences to the green information disclosure of held companies…
-
Artikel Jurnal
Smiles or tears? How emojis power a semistrong efficient market of bitcoin: A comprehensive analysis of decision tree models
Abstract This study examines the influence of emojis, recognized as a distinct form of communication, on the efficient market hypothesis (EMH) within the Bitcoin market over a 12-year period. Using a methodology that integrates a comprehensive analysis with 6 decision tree models, SHapley Additive…
-
Artikel Jurnal
Banking fintech and corporate innovation in China’s carbon-intensive industries: evidence from different panel approaches
Abstract The maturity mismatch paradox of investment and financing has led to the inefficient upgrading of carbon-intensive industries, and fintech in the banking system has the potential to solve this problem. By utilizing the loan information of Chinese listed companies and banks’ digital…
-
Artikel Jurnal
A study of risk accumulation in financial systems from the perspective of complex networks
Abstract The occurrence of systemic financial risk is a process of systemic structural reconstruction of the financial system in response to a shock. From a complex network perspective, the characteristics of the network nodes and the links between them determine the extent of financial risk…
-
Artikel Jurnal
Biofuels, green finance, and economic expansion: empirical evidence from the European Union
Abstract This study examines the role of biofuel production and consumption, alongside green finance, in driving economic expansion within the European Union (EU). Employing panel data from EU countries spanning 2001–2022, the analysis follows a rigorous econometric approach. The econometric…
-
Artikel Jurnal
Does every cloud have a silver lining?The effect of digitalization and government measures on bank efficiency during the pandemic
Abstract During the COVID-19 crisis, MENA banks have supported the economy by addressing liquidity needs and maintaining activity through digitalization, whereas governments and central banks have implemented supportive measures. This study highlights the unique challenges and opportunities for…
-
Artikel Jurnal
Analyzing the environmental impact of financial innovation and financial globalization in Finland: a time‒frequency approach
Abstract This research addresses a significant gap in previous studies by exploring Finland through new and innovative lenses. First, it offers an in-depth analysis of the impact of financial innovation (FI) and financial globalization (FG) on the ecological footprint (EF) using data from 1991Q1 to…
-
Artikel Jurnal
Does digital financial inclusion support carbon neutrality? A cross-regional study
Abstract This study aims to investigate the relationship between digital financial inclusion and carbon neutrality in different provinces of China. The findings indicate that the relationship between digital financial inclusion and carbon neutrality varies across regions. Specifically, digital…
-
Artikel Jurnal
Are European banks informationally weak-form efficient? A dynamic analysis
Abstract The efficient market hypothesis (EMH) is a cornerstone of financial theory and is crucial to understanding weak-form efficiency, particularly during extreme events. Detrended fluctuation analysis (DFA) is a robust approach for assessing weak-form efficiency, overcoming some limitations of…
-
Artikel Jurnal
Creating a Python platform for students to learn full-stack development of financial applications
Abstract In finance, programming is helpful in various situations, such as asset pricing, electronic trading, and portfolio management. Python is one of the most popular and widely used programming languages for developing financial applications. In addition, many financial applications are…
-
Artikel Jurnal
Jumps and higher-order moments of crude oil and stock sectors in China: new insights from timescales connectedness
Abstract In the markets of crude oil and stocks, the returns largely deviate from the Gaussian distribution and experience jumps, making the variance of returns a suboptimal measure of risk. Furthermore, participants operate at various investment horizons, indicating the importance of considering…