2026 July - 29 articles
This study examines the mediating role of financial decisions and the moderating role of digital transformation in the relationship between managerial characteristics and financial performance among small and medium-sized enterprises (SMEs) in Vietna...
Sustainable finance, digital financial innovation, and green innovation have become central strategic pressures in banking, yet their joint effects on bank performance and risk remain insufficiently understood. This study develops an integrated ESG-i...
Digital finance is reshaping financial intermediation through platform-based credit, stablecoin-based payment and settlement arrangements, and a rapidly deepening reliance on critical third-party technology providers. Existing international framework...
This paper provides the first systematic, cross-country empirical comparison of the Recovery and Resilience Facility (RRF) and Cohesion Policy funds (CPF) in the domain of renewable energy deployment. Covering 14 EU Member States, the analysis combin...
Digital financial inclusion (DFI) has become a central topic in financial inclusion research because digital payments, mobile money, internet banking, and platform-based finance can reduce access barriers and expand formal financial participation. Pr...
Against the backdrop of rising corporate social irresponsibility (CSI) incidents in China’s capital market, this study examines how CSI affects short-window market reactions and through which investor-side mechanisms this effect operates. Using...
This article provides a systematic literature review of recent research on money laundering in crypto-asset environments, focusing on the main operational challenges and technical solutions proposed. Following PRISMA 2020 guidelines, the review draws...
Accurate default risk prediction for agricultural loans is a prerequisite for balancing financial inclusion and safety in rural finance, yet traditional assessment methods have a limited capacity to capture exogenous variables such as climate risk. T...
Emerging economies face crucial challenges around fiscal stability, particularly servicing foreign debt and securing long-term financing arrangements. In this context, we investigated the relationship between the share of banking facilities allocated...
This paper examines the relationship between Federal Open Market Committee (FOMC) communication surprises, global risk sentiment, and net portfolio debt inflows to twelve major emerging market economies over the period 2000–2024. Exploiting a h...
This study examines the association among board diversity, diversity policies, diversity performance, and firm value in ASEAN-5 listed companies: Indonesia, Malaysia, Singapore, Thailand, and the Philippines. Board diversity is measured through gende...
This study aims to examine the relationship between related party sales (RPS) and earnings management (EMN), as well as to investigate the moderating effects of institutional ownership (IO), single institutional ownership (SIO), and dispersed institu...
This paper examines whether standard price-discovery measures can reliably identify directional predictive precedence in a highly correlated commodity-equity system. Using 21 years of daily data for Petrobras and the Ibovespa (2005–2026), the s...
Tourism recovery and hotel firm profitability do not necessarily move in lockstep. This paper examines the extent to which aggregate demand recovery is translated into firm-level financial performance, introducing the concept of a tourism-to-profitab...
Every dollar directed toward green finance carries a promise, but does it deliver? This study tests whether corporate green bond issuance translates into measurable improvements in firm-level high-quality development, which is defined as the enhancem...
This study compares gold-backed and conventional cryptocurrencies in terms of dependence structures and hedging effectiveness relative to precious metals. Daily data for gold, silver, cryptocurrencies, gold-backed cryptocurrencies, and USD-backed sta...
DeFi perpetual futures have expanded from crypto-native instruments to tokenised equities and commodities, yet the economics of these instruments remain poorly understood. We study 17 assets—5 crypto coins, 8 tokenised equities, and 4 tokenised...
Using an international sample of firms from 47 countries/regions over the years 2010–2020, we examine whether third-party verification of carbon emissions information affects the speed at which firms adjust their capital structure toward the tr...
This study investigates the possibilities for recently listed Romanian Information and Communications Technology (ICT) firms to select optimal sets of financial strategies under adverse macroeconomic conditions, with high and persistent inflation, hi...
This study employed a different type of wavelet approach to investigate the dynamic interdependence among exchange rate volatility, stock indices, and energy commodity markets. Using daily data covering the period from 2005 to October 2025 on energy...
Banks must balance deposit stability, loan expansion, and regulatory compliance while operating under liquidity constraints and financial risks. This study presents a mathematical model to examine the dynamics of bank deposits and loans under the inf...
Financial literacy has become critical for mitigating everyday financial risks and sustaining saving behavior, particularly in professions with stable but often constrained income such as teaching. This study examines whether financial literacy predi...
This study examines the impact of blockchain adoption and financial transparency on corporate performance in Jordan’s banking sector, with a focus on the mediating role of digital accounting systems. Targeting senior managers and financial anal...
The current study aims to identify the factors influencing the disclosure of climate-related risk information by the MENA banking sector and how bank financial stability acts as a moderator. The study draws from agency theory, resource dependency the...
This study investigates the long-run and short-run relationships between capital market development, foreign direct investment, trade openness, and real GDP per capita in Romania over 2003–2024, employing the Autoregressive Distributed Lag (ARD...
As a key engine of corporate innovation, digital transformation permeates business management. Can digital transformation improve corporate financial flexibility by leveraging the external supply chain? Our sample comprises Chinese listed companies o...
In the last 10 years, the global green bond market has reached an estimated value of USD 6.8 trillion. However, credibility concerns persist due to greenwashing risks and issues regarding the reporting system. The current measurement, reporting, and...
This paper analyzes a model of the mortgage market, allowing for scenarios with and without government-sponsored mortgage securitization. Conventional wisdom says that securitization, by fostering diversification and creating a “safe” ass...
This paper analyses the dynamics of connectedness among technology-oriented assets, such as fintech, blockchain, cybersecurity, internet, and disruptive technology indices, on the effect of political signal quality on the transmission of spillovers....
