Empowering Financial Intelligence through Informatics: Trends, Challenges, and Innovations

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Technology and Innovation".

Deadline for manuscript submissions: closed (30 September 2024) | Viewed by 8051

Special Issue Editors


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Guest Editor
Department of Business Administration, School of Economics, Aristotle University, 541 24 Thessaloniki, Greece
Interests: capital markets; financial crises and capital markets; corporate finance; the information content of accounting numbers; fund performance

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Guest Editor
Department of Management, Science & Technology, International Hellenic University, 65404 Kavala, Greece
Interests: information systems; finance; capital markets; financial modelling; investors’ behavior; databases; electronic commerce; electronic business

Special Issue Information

Dear Colleagues,

The Journal of Risk and Financial Management  (JRFM) is inviting researchers, scholars, and practitioners from the fields of finance, business and informatics to contribute to a Special Issue focusing on "Empowering Financial Intelligence through Informatics: Trends, Challenges, and Innovations". This Special Issue aims to explore the intersection of finance and business informatics and its impact on shaping the future of the financial industry.

The Special Issue seeks original research articles, review papers, case studies, and critical analyses that elucidate the integration of informatics in finance, encompassing the following various aspects:

Financial Data Analytics and Artificial Intelligence: Utilizing machine learning, deep learning, and data mining techniques for financial decision making, risk assessment, and fraud detection.

Blockchain and Fintech Innovations: Investigating the potential of blockchain technology, cryptocurrencies, and other fintech advancements in revolutionizing financial transactions and services.

Business Intelligence and Financial Performance: Exploring the role of informatics in enhancing financial performance, strategic planning, and competitive advantage for businesses.

Financial Cybersecurity: Addressing the challenges of safeguarding sensitive financial data and transactions in an increasingly digital and interconnected world.

Regulatory Compliance and Informatics: Analyzing the impact of informatics on meeting regulatory requirements and ensuring transparent and ethical financial practices.

Smart Financial Systems: Studying the integration of informatics in developing intelligent financial systems, including robo-advisors, algorithmic trading, and automated financial planning.

Authors are encouraged to submit original manuscripts conforming to the journal's guidelines. All submissions will undergo a rigorous peer-review process to ensure that the accepted papers are of the highest quality. Manuscripts should be submitted via the JRFM online submission system, indicating that they are intended for the "Special Issue on Empowering Financial Intelligence through Informatics".

Important Dates:

Submission Deadline: 31 March 2024

Join us in exploring the transformative potential of informatics in the realm of finance, business and informatics, and make a valuable contribution to the growing body of knowledge in this area. For inquiries and further information, please contact the Guest Editors. We look forward to receiving your submissions.

Prof. Dr. Eleftherios Thalassinos
Prof. Dr. Dimitrios Kousenidis
Prof. Dr. Dimitrios I. Maditinos
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • finance
  • business informatics
  • financial intelligence
  • data analytics
  • artificial intelligence
  • blockchain
  • fintech
  • business intelligence
  • cybersecurity
  • smart financial systems

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Published Papers (4 papers)

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Research

22 pages, 4103 KiB  
Article
Theoretical Foundation for Pricing Climate-Related Loss and Damage in Infrastructure Financing
by Abderrahim Assab
J. Risk Financial Manag. 2024, 17(4), 133; https://doi.org/10.3390/jrfm17040133 - 22 Mar 2024
Viewed by 1351
Abstract
This paper presents a novel theoretical framework for incorporating climate risks and adaptation investments into infrastructure debt pricing. Utilizing the Capital Asset Pricing Model (CAPM), the framework extends the conventional modeling of infrastructure project revenues and costs to include climate risk considerations. It [...] Read more.
This paper presents a novel theoretical framework for incorporating climate risks and adaptation investments into infrastructure debt pricing. Utilizing the Capital Asset Pricing Model (CAPM), the framework extends the conventional modeling of infrastructure project revenues and costs to include climate risk considerations. It proposes three climate-informed revenue and cost formulations: adjustmentment of mean and standard deviation, incorporation of extreme climate events via Pareto and Poisson distributions, and a climate-informed cost model that includes adaptation investment. The paper demonstrates the application of this model in pricing a loan for a Light Rail Transit project in Costa Rica, introducing the concepts of “flood risk premium” and “adaptation curves”. This study not only offers a novel lens through which to view infrastructure investment under climate uncertainty but also sets the stage for transformative policy and practice in financial risk assessment, encouraging a shift towards more sustainable and resilient infrastructure development. Full article
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23 pages, 2252 KiB  
Article
Exploring the Relationship between Corporate Governance, Corporate Social Responsibility and Financial and Non-Financial Reporting: A Study of Large Companies in Greece
by Foteini I. Pagkalou, Christos L. Galanos and Eleftherios I. Thalassinos
J. Risk Financial Manag. 2024, 17(3), 97; https://doi.org/10.3390/jrfm17030097 - 23 Feb 2024
Viewed by 2344
Abstract
Academics and professionals alike are highly interested in Corporate Social Responsibility (CSR), Corporate Governance (CG), environmental, social, and governance (ESG) and corporate non-financial reporting (CNFR) and how they can improve a brand’s reputation, financial efficiency, and sustainability within businesses and organisations. The main [...] Read more.
Academics and professionals alike are highly interested in Corporate Social Responsibility (CSR), Corporate Governance (CG), environmental, social, and governance (ESG) and corporate non-financial reporting (CNFR) and how they can improve a brand’s reputation, financial efficiency, and sustainability within businesses and organisations. The main objective of our study was to examine whether the financial data of large companies can be correlated with the data in their non-financial reports and provide information on the level of corporate governance and corporate responsibility and to examine the correlation between them. For this purpose, we conducted research by examining the 100 largest companies in Greece, over a period of 3 years, collecting both financial and non-financial data from their official reports. Using appropriate quantitative tools such as similarity, classification and econometric methods (stepwise method and panel least-squares method), the correlations between the data for CSR, CG and non-financial actions and key financial performance ratios are evaluated. Our research has revealed a strong link between financial performance and ESG actions of large companies and, in particular, we demonstrated the positive correlation of CSR performance with their total assets and whether they are listed on the stock exchange, and of CG with CSR and EBITDA. This study adds to the existing academic discourse on the relationship between financial and non-financial information of corporations in the areas of Corporate Responsibility and Governance and provides a valuable way to assess the decisions of businesses. Full article
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27 pages, 1832 KiB  
Article
The New Normalcy and the Pandemic Threat: A Real Option Approach
by Pasquale Lucio Scandizzo and Odin K. Knudsen
J. Risk Financial Manag. 2024, 17(2), 72; https://doi.org/10.3390/jrfm17020072 - 12 Feb 2024
Cited by 1 | Viewed by 1672
Abstract
This paper delves into the evolving post-pandemic business arena, focusing on how liability options and social norms are reshaping industry structures. We anticipate lasting transformations due to the emergence of new safety standards that bridge the gap between corporate interests and societal welfare. [...] Read more.
This paper delves into the evolving post-pandemic business arena, focusing on how liability options and social norms are reshaping industry structures. We anticipate lasting transformations due to the emergence of new safety standards that bridge the gap between corporate interests and societal welfare. To foster these changes, effective post-lockdown economic policies could encompass not only rigorous social standards but also specific financial incentives. Examples of such incentives include tax relief for businesses implementing comprehensive health protocols and subsidies for those transitioning to remote work or modifying production layouts to minimize infection risks. Our analysis delineates two predominant operational frameworks for firms in this new environment: the liability and property regimes. These are determined by each firm’s financial outcomes and the extent of damages incurred, all measured against societal expectations. Firms within the liability regime may exhibit only partial compliance, often attributed to ambiguous standards and prevailing uncertainties, potentially leading to a dip in profits. In contrast, entities operating under the property regime are likely to engage in more extensive organizational restructuring. A key insight from our study is the paradigm shift in investment behavior, increasingly influenced by risk management, particularly in the strategic choice between liability and property rules. This shift is evident in how firms now prioritize managing potential external liabilities, such as environmental hazards or evolving regulatory landscapes, in their investment decisions. Consequently, the traditional growth-centric investment paradigm is being supplemented by strategies that emphasize safeguarding against various external risks, marking a significant realignment in corporate investment philosophies post-pandemic. This transition underscores the intricate interplay between economic policies, corporate strategies, and societal dynamics in the contemporary business milieu. Full article
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32 pages, 4841 KiB  
Article
Greek Public Sector’s Efficient Resource Allocation: Key Findings and Policy Management
by Theofanis Petropoulos, Yannis Thalassinos and Konstantinos Liapis
J. Risk Financial Manag. 2024, 17(2), 60; https://doi.org/10.3390/jrfm17020060 - 5 Feb 2024
Cited by 2 | Viewed by 1836
Abstract
The public sector has limited resources, and how these resources are allocated in expenditures and investments is crucial. Our article focuses on controlling this allocation for the Greek economy from 2000 to 2021, which includes the country’s debt crisis. To do so, we [...] Read more.
The public sector has limited resources, and how these resources are allocated in expenditures and investments is crucial. Our article focuses on controlling this allocation for the Greek economy from 2000 to 2021, which includes the country’s debt crisis. To do so, we utilized data from national accounts, categorized inputs and outputs, and examined their volatility and stability over time using statistical and mathematical methods. Our analysis revealed that the crisis impacted the size and allocation of public inputs and outputs. While some sectors of the Greek economy displayed stability in financing over time, others were more volatile. Using a mathematical accounting approach contributes to the academic discourse on rational resource allocation in the public sector. Our results validate the tax hypothesis for primary revenues and expenditures and advocate that it is necessary to make targeted recruitments in the sector that is needed each time while keeping the total number constant, which leads to the need to redistribute public sector workers. In the same way, public projects should not only focus on infrastructure projects but should also be spread to new areas related to climate change and the agricultural sector. Full article
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