2026 October - 96 articles
Environmental, social, and governance disclosure has become increasingly important as stakeholders pay greater attention to sustainable and ethical business practices. This study examines the effect of ESG disclosure on financial performance (FP) of...
This article asks how United States asset prices respond to shocks in the federal deficit and whether the response is stable. We estimate a recursive VAR on 265 monthly observations, 2002–2024. A deficit shock of one standard deviation is follo...
This study examines whether volatility in Brent crude oil prices spills over to the Bahrain Stock Market Index (BSMI), and whether that spillover differs by regime, over 2865 trading days from 25 May 2010 to 28 February 2025. Bahrain is a distinctive...
Insurers increasingly seek to replace self-reported underwriting data with verified data, from satellite and IoT monitoring in agriculture to digital-identity credentials in property insurance. Distributed ledger technology (DLT, “blockchain&rd...
Contemporary organisations face increasing uncertainty from events such as geopolitical tensions, natural disasters, and pandemics that are beyond their control. These events create both financial and non-financial risks, including threats to organis...
The study of regime-dependent predictability of cryptocurrency market distress is examined in this paper using the dynamics of cross-exchange spread signals as an innovative early-warning tool. The research offers a three-stage econometric framework...
Double materiality assessment has become a central mechanism of sustainability reporting under the European Sustainability Reporting Standards, which link material sustainability matters to strategy, the business model, and management responses. Exis...
We ask whether an increase in the salience of climate-transition risk changes corporate liquidity policy. Using the December 2015 Paris Agreement as a global shock, we estimate a difference-in-differences model using 1745 listed non-financial firms f...
This study examines the relationship between environmental, social and governance (ESG) disclosure and the financial stability of quoted deposit money banks in Nigeria, and whether governance structure moderates that relationship. Using panel data ha...
This study investigates how board characteristics shape the financial performance of Egyptian banks. It also examines whether ESG disclosure alters the strength and direction of these relationships. Drawing on a balanced panel of the 20 largest banks...
Brazilian listed firms report material and persistent tax disputes in a setting that requires recurring judgment about recognition and disclosure and includes an observable premium listing regime. Using 3544 firm-year observations for 254 non-financi...
The relationship between ESG performance and firm value is contested and appears to depend on context. This study asks whether that relationship differs between the United States and the European Union, two mature markets that differ primarily in the...
Language models can translate mathematical prose into formal statements and produce machine-checked proofs, and they are increasingly used in finance. Such a proof, however, certifies the model as written, not the model intended. In dynamic finance t...
This study examines the relationship between environmental, social, and governance (ESG) performance and firm financial performance while considering the moderating role of institutional quality and the sensitivity of the results to control-variable...
Accurate out-of-sample yield-curve forecasting requires models that capture complex non-linear temporal dynamics while respecting the cross-sectional economic structure of the term structure. This paper introduces an economically structured deep sequ...
Environmental, social, and governance (ESG) disclosure may have different valuation relevance across ESG pillars and governance contexts. This study examines the associations between environmental, social, and governance disclosure and firm value and...
This study examines the effects of CO2 emissions and ownership structure on green credit across 21 Vietnamese commercial banks over the period 2013–2025. SGMM results indicate that CO2 emissions affect green credit differently across emission s...
This study examines the development and intellectual structure of artificial intelligence (AI)-based financial fraud detection through a bibliometric analysis of 2200 Scopus- and Web of Science-indexed journal articles published between 1992 and 2026...
Traditional consumer credit scoring models frequently fail to identify rising default risks in transition economies because they rely almost exclusively on formal macroeconomic indicators and unchanging demographic data. This paper offers a prelimina...
Financial-account access and digital merchant-payment use are distinct dimensions of inclusion. Combining Global Findex historical subgroup series with the 2024 cross-section, we prioritize a common-sample analysis of 62,480 phone-owning adults acros...
Islamic banking (IB) and conventional banking (CB) coexist in many financial systems, yet limited research explains how their complementary capabilities can be integrated into hybrid financial products while preserving Shariah requirements and instit...
Event studies of liquidation cascades locate their event zero using a rule applied to the data, usually its peak day and hour. On two Hyperliquid cascades, a zero-transaction-hash heuristic, which in fact tags time-weighted average price (TWAP) execu...
Debt maturity, the split of a firm’s borrowing between short- and long-term debt, determines its exposure to refinancing risk, yet for small unlisted firms, it has rarely been studied as an outcome. This paper asks whether the debt maturity of...
This study examines the association between fintech development and corporate financing and investment policies among non-financial listed firms in ten MENA countries over 2010–2024. Using firm-level financial and market data together with coun...
The supervision of inclusive financial institutions in emerging economies represents a critical challenge for financial stability. While cooperatives and mutualists are pillars of financial inclusion, there is a lack of explainable early warning mode...
Zero-shot large language models (LLMs) offer a low-barrier route to credit-risk prediction, but regulated use requires evidence on discrimination, probability reliability, and auditable decision patterns. We compare four open-source LLMs (Gemma-2-9B,...
This study examines how green initiatives are associated with financial performance through a statistical indirect pathway involving environmental, social, and governance (ESG) assessment and whether that pathway varies across life-cycle stages. Usin...
The growing use of artificial intelligence (AI) to evaluate Environmental, Social, Governance (ESG) scoring from corporate disclosures raises questions about alignment with conventional lexicon-based scores. Such alignment can be problematic as a lex...
The increasing adoption of blockchain technologies raises scholars’ and managers’ concerns over how digital resources, intellectual capital and corporate governance jointly affect firm performance. However, there has been conflicting evid...
Behavioral finance research on public utilities remains limited, particularly studies that use archival organizational data to infer persistent decision patterns. This study examines whether revealed status quo bias (RSQB), defined as the persistence...
This study investigates the relationship between chief executive officer (CEO) overconfidence and earnings management in non-financial companies listed on the Saudi Exchange (Tadawul) from 2018 to 2024. Using 686 firm-year observations from 98 firms...
This paper provides a comprehensive analysis of leveraged Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs), financial instruments that have grown significantly in popularity and market presence since their introduction in the early 2000s...
Multifractality and market volatility are important features of financial time series and may provide useful information for understanding complex market dynamics. This paper proposes a diagnostic framework combining wavelet multifractal analysis and...
In spite of a considerable amount of attention being paid to the interaction between tax avoidance and corporate governance across the globe, this study aims to provide a detailed bibliometric evaluation concerning the productivity, performance, and...
Intelligent decision systems assume a stable relationship between observations and outcomes. Financial markets violate that assumption, since shifts in volatility, trend and liquidity erode models trained on historical data. This study proposes an un...
Did Congress trade ahead of the 2026 Iran War? We examine 135 disclosed transactions made by members of Congress in ten geopolitically exposed industries during the escalation. Members traded heavily in industries that subsequently rose, and congress...
Artificial intelligence (AI) and sustainable finance are increasingly intersecting, yet research at their intersection remains fragmented and theoretically underdeveloped. This study combines bibliometric analysis with the Theory–Context–...
A firm that moves to a cleaner energy system commits capital before it knows what the market will do. Conventional valuation methods handle that badly, since they say little about how market conditions, environmental costs and managerial flexibility...
Most of the accounting literature on emerging markets asks whether capital markets reward high-quality earnings. This paper reverses the question and asks whether market valuation shapes subsequent reporting. Using 4981 firm-year observations for 619...
Sovereign Financial Distress, conceptualised in this study as a financial manifestation of sovereign risk involving pressures on a government’s capacity to meet its financial obligations, service its debt, and avoid default, has attracted susta...
The growing use of artificial intelligence (AI) in Environmental, Social, and Governance (ESG) audits has created new opportunities to enhance corporate governance through faster and more consistent assurance processes. However, concerns remain regar...
This study examines the association between environmental, social, and governance (ESG) disclosure and corporate financial outcomes among 437 firms listed on the Stock Exchange of Thailand from 2014 to 2024, comprising 4807 firm-year observations acr...
This study examines whether two within-sample empirical domains of internal control, Control Integration and Operational Internalization (CIOI) and Governance and Control Culture (GCC) are associated with perceived profitability in small and medium-s...
This paper aims to study the intellectual development and mechanisms linking financial technology (FinTech) and financial inclusion (FI). It also analyzes publication trends, journals, and authors that are most relevant; institutions and countries th...
Automotive manufacturers face interacting financial pressures arising from capital intensity, technological transition, supply-chain uncertainty, and changing financing conditions. This study develops a Heun Equation-Based Digital Twin Framework (HED...
The tax dynamics and commercial structure of the cantons of Guayaquil and Milagro (2017–2025) were analysed using Partial Triadic Analysis (PTA) based on official administrative data from the Internal Revenue Service (SRI) in Ecuador. The resul...
This study examines the predictive performance of machine learning models in classifying accounting manipulation risk among listed non-financial firms in the Middle East and North Africa (MENA) using the Beneish M-Score. Drawing on 8978 firm-year obs...
Initial Coin Offerings (ICOs) have emerged as an innovative mechanism for raising capital, particularly for blockchain-based projects. However, the lack of regulatory oversight and the prevalence of low-quality information raise important questions a...
Purpose: Despite the potential of Financial Technologies (FinTech) in promoting financial inclusion, marginalized women experience various socio-cultural and institutional challenges that limit equitable adoption. This paper seeks to address epistemo...
Against the backdrop of China’s dual-carbon strategy, a growing literature documents that corporate green investment improves financial outcomes, yet whether it produces genuine environmental improvement remains contested. This study shifts the...
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