{"id":"https://openalex.org/W4313500620","doi":"https://doi.org/10.1186/s40854-022-00399-6","title":"Analysis of financial development and open innovation oriented fintech potential for emerging economies using an integrated decision-making approach of MF-X-DMA and golden cut bipolar q-ROFSs","display_name":"Analysis of financial development and open innovation oriented fintech potential for emerging economies using an integrated decision-making approach of MF-X-DMA and golden cut bipolar q-ROFSs","publication_year":2023,"publication_date":"2023-01-05","ids":{"openalex":"https://openalex.org/W4313500620","doi":"https://doi.org/10.1186/s40854-022-00399-6"},"language":"en","primary_location":{"id":"doi:10.1186/s40854-022-00399-6","doi":"https://doi.org/10.1186/s40854-022-00399-6","is_oa":true,"landing_page_url":"https://doi.org/10.1186/s40854-022-00399-6","pdf_url":"https://jfin-swufe.springeropen.com/counter/pdf/10.1186/s40854-022-00399-6","source":{"id":"https://openalex.org/S3034727917","display_name":"Financial Innovation","issn_l":"2199-4730","issn":["2199-4730"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","ki-jl-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Innovation","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://jfin-swufe.springeropen.com/counter/pdf/10.1186/s40854-022-00399-6","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5068252614","display_name":"Alexey Yurievich Mikhaylov","orcid":"https://orcid.org/0000-0003-2478-0307","observed_orcids":["https://orcid.org/0000-0003-2478-0307"]},"institutions":[{"id":"https://openalex.org/I211738395","display_name":"Financial University","ror":"https://ror.org/01hnrbb29","country_code":"RU","type":"education","lineage":["https://openalex.org/I211738395"]}],"countries":["RU"],"is_corresponding":true,"raw_author_name":"Alexey Mikhaylov","raw_affiliation_strings":["Financial University under the Government of the Russian Federation, Moscow, Russia"],"raw_orcid":"https://orcid.org/0000-0003-2478-0307","affiliations":[{"raw_affiliation_string":"Financial University under the Government of the Russian Federation, Moscow, Russia","institution_ids":["https://openalex.org/I211738395"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5089366076","display_name":"Hasan D\u0131n\u00e7er","orcid":"https://orcid.org/0000-0002-8072-031X","observed_orcids":["https://orcid.org/0000-0002-8072-031X","https://orcid.org/0000-0002-4289-9953"]},"institutions":[{"id":"https://openalex.org/I3125470973","display_name":"Istanbul Medipol University","ror":"https://ror.org/037jwzz50","country_code":"TR","type":"education","lineage":["https://openalex.org/I3125470973"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Hasan Din\u00e7er","raw_affiliation_strings":["The School of Business, \u0130stanbul Medipol University, Istanbul, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The School of Business, \u0130stanbul Medipol University, Istanbul, Turkey","institution_ids":["https://openalex.org/I3125470973"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5064031601","display_name":"Serhat Y\u00fcksel","orcid":"https://orcid.org/0000-0002-9858-1266","observed_orcids":["https://orcid.org/0000-0002-9858-1266","https://orcid.org/0009-0004-5832-8831","https://orcid.org/0009-0007-3837-5982"]},"institutions":[{"id":"https://openalex.org/I3125470973","display_name":"Istanbul Medipol University","ror":"https://ror.org/037jwzz50","country_code":"TR","type":"education","lineage":["https://openalex.org/I3125470973"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Serhat Y\u00fcksel","raw_affiliation_strings":["The School of Business, \u0130stanbul Medipol University, Istanbul, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The School of Business, \u0130stanbul Medipol University, Istanbul, Turkey","institution_ids":["https://openalex.org/I3125470973"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5068252614"],"corresponding_institution_ids":["https://openalex.org/I211738395"],"apc_list":{"value":0,"currency":"USD","value_usd":0},"apc_paid":null,"fwci":13.512,"has_fulltext":true,"cited_by_count":47,"citation_normalized_percentile":{"value":0.98806311,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":100},"biblio":{"volume":"9","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9419000148773193,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9419000148773193,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13346","display_name":"Digital Transformation in Financial Services","score":0.023499999195337296,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.00930000003427267,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":0.8230000138282776},{"id":"https://openalex.org/keywords/open-innovation","display_name":"open innovation","score":0.9959999918937683},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.9929999709129333},{"id":"https://openalex.org/keywords/bank-lending","display_name":"bank lending","score":0.8140000104904175},{"id":"https://openalex.org/keywords/stock-market-development","display_name":"stock market development","score":0.9850000143051147},{"id":"https://openalex.org/keywords/bank-concentration","display_name":"bank concentration","score":0.7229999899864197},{"id":"https://openalex.org/keywords/fuzzy-decision-making","display_name":"fuzzy decision making","score":0.6029999852180481},{"id":"https://openalex.org/keywords/electre","display_name":"ELECTRE","score":0.8730000257492065}],"concepts":[{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.7476183176040649},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.5597622394561768},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5335223078727722},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5200576186180115},{"id":"https://openalex.org/C193445137","wikidata":"https://www.wikidata.org/wiki/Q471719","display_name":"Market capitalization","level":4,"score":0.481442391872406},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.42723220586776733},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4225372076034546},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.39705610275268555},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3533434271812439},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3268203139305115},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.19591766595840454},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1186/s40854-022-00399-6","doi":"https://doi.org/10.1186/s40854-022-00399-6","is_oa":true,"landing_page_url":"https://doi.org/10.1186/s40854-022-00399-6","pdf_url":"https://jfin-swufe.springeropen.com/counter/pdf/10.1186/s40854-022-00399-6","source":{"id":"https://openalex.org/S3034727917","display_name":"Financial Innovation","issn_l":"2199-4730","issn":["2199-4730"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","ki-jl-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Innovation","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:fininn:v:9:y:2023:i:1:d:10.1186_s40854-022-00399-6","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1186/s40854-022-00399-6","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:98148c2f1e2f4203bb88e2ebed0b17b4","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/98148c2f1e2f4203bb88e2ebed0b17b4","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Financial Innovation, Vol 9, Iss 1, Pp 1-34 (2023)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1186/s40854-022-00399-6","doi":"https://doi.org/10.1186/s40854-022-00399-6","is_oa":true,"landing_page_url":"https://doi.org/10.1186/s40854-022-00399-6","pdf_url":"https://jfin-swufe.springeropen.com/counter/pdf/10.1186/s40854-022-00399-6","source":{"id":"https://openalex.org/S3034727917","display_name":"Financial Innovation","issn_l":"2199-4730","issn":["2199-4730"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","doaj","jufo-1","ki-jl-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Innovation","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.8970999717712402,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"},{"score":0.7257999777793884,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4313500620.pdf","grobid_xml":"https://content.openalex.org/works/W4313500620.grobid-xml"},"referenced_works_count":36,"referenced_works":["https://openalex.org/W1551303532","https://openalex.org/W1895705800","https://openalex.org/W2024791444","https://openalex.org/W2040110358","https://openalex.org/W2056258586","https://openalex.org/W2077309053","https://openalex.org/W2079457935","https://openalex.org/W2082520357","https://openalex.org/W2086652472","https://openalex.org/W2219044815","https://openalex.org/W2514754342","https://openalex.org/W2734932466","https://openalex.org/W2794737723","https://openalex.org/W2885072711","https://openalex.org/W2891915267","https://openalex.org/W2920878653","https://openalex.org/W2941833233","https://openalex.org/W2950843237","https://openalex.org/W2954132249","https://openalex.org/W2954905509","https://openalex.org/W2993389891","https://openalex.org/W3009349046","https://openalex.org/W3031608184","https://openalex.org/W3128364253","https://openalex.org/W3128619947","https://openalex.org/W3129061554","https://openalex.org/W3153830005","https://openalex.org/W3172847272","https://openalex.org/W3177179657","https://openalex.org/W4200246995","https://openalex.org/W4205299693","https://openalex.org/W4205858242","https://openalex.org/W4220753524","https://openalex.org/W4230583596","https://openalex.org/W4242142145","https://openalex.org/W4289254296"],"related_works":["https://openalex.org/W4285300745","https://openalex.org/W2919002004","https://openalex.org/W4407914246","https://openalex.org/W3123556909","https://openalex.org/W7115685096","https://openalex.org/W4379744834","https://openalex.org/W4412036293","https://openalex.org/W2910117233","https://openalex.org/W4214842722","https://openalex.org/W4408430815"],"abstract_inverted_index":{"Abstract":[0],"The":[1,26,44,53,112,208],"purpose":[2],"of":[3,11,68,81,109,129,148,160,181,211,222],"the":[4,9,16,31,57,66,79,102,106,115,119,125,130,143,149,158,176,179,189,212,216,220,240,245],"paper":[5],"is":[6,78,197,244],"to":[7,51,60,87,89],"identify":[8],"factors":[10],"financial":[12,62,134,144],"development":[13,63,80],"that":[14,56],"have":[15],"greatest":[17],"impact":[18],"on":[19,202],"open":[20,122,182,223,246],"innovation":[21],"in":[22,93,138,157],"7":[23],"emerging":[24,132,190,217,230],"countries.":[25],"analysis":[27,100,163,213],"was":[28],"performed":[29],"featuring":[30],"MF-X-DMA":[32,103],"method,":[33],"as":[34,36,152,154],"well":[35,153],"its":[37],"further":[38],"verification":[39],"for":[40,188],"autocorrelation":[41],"and":[42,71,124,146,205],"heteroscedasticity.":[43],"time":[45],"period":[46],"covers":[47],"years":[48],"from":[49],"2002":[50],"2020.":[52],"article":[54,113],"states":[55],"main":[58],"indicators":[59],"improve":[61],"should":[64],"enhance":[65],"process":[67,159],"bank":[69],"lending":[70],"equity":[72],"market":[73,91,145],"development.":[74],"An":[75],"important":[76],"area":[77],"competition":[82],"by":[83,168],"providing":[84],"equal":[85],"access":[86],"information":[88],"all":[90],"participants":[92],"a":[94,170],"continuously":[95],"refining":[96],"technical":[97],"infrastructure.":[98],"Regression":[99],"with":[101,219,235],"method":[104],"confirms":[105],"statistical":[107],"significance":[108],"this":[110,193,228],"influence.":[111],"fills":[114],"knowledge":[116],"gap":[117],"into":[118,199],"link":[120],"between":[121],"innovations":[123],"relatively":[126],"low":[127,136],"capitalization":[128],"modern":[131],"countries\u2019":[133],"market,":[135],"liquidity":[137],"small":[139],"cap":[140],"stocks":[141],"at":[142],"concentration":[147],"banking":[150],"sector,":[151],"risks":[155],"arising":[156],"globalization.":[161],"Another":[162],"has":[164],"also":[165],"been":[166],"conducted":[167],"generating":[169],"novel":[171],"fuzzy":[172],"decision-making":[173],"model.":[174],"In":[175,227],"first":[177],"stage,":[178],"determinants":[180,221],"innovation-based":[183,224,247],"fintech":[184,225,248],"potential":[185],"are":[186,233],"weighted":[187],"economies.":[191],"For":[192],"purpose,":[194],"M-SWARA":[195],"methodology":[196],"taken":[198],"consideration":[200],"based":[201],"bipolar":[203],"q-ROFSs":[204],"golden":[206],"cut.":[207],"second":[209],"stage":[210],"includes":[214],"evaluating":[215],"economies":[218],"potential.":[226,249],"context,":[229],"seven":[231],"countries":[232],"examined":[234],"ELECTRE":[236],"methodology.":[237],"It":[238],"found":[239],"most":[241],"significant":[242],"factor":[243]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":8},{"year":2024,"cited_by_count":16},{"year":2023,"cited_by_count":19}],"updated_date":"2026-10-21T09:56:26.102985","created_date":"2023-01-06T00:00:00"}