{"id":"https://openalex.org/W4361273038","doi":"https://doi.org/10.1007/s10479-023-05286-6","title":"Machine learning vs deep learning in stock market investment: an international evidence","display_name":"Machine learning vs deep learning in stock market investment: an international evidence","publication_year":2023,"publication_date":"2023-03-30","ids":{"openalex":"https://openalex.org/W4361273038","doi":"https://doi.org/10.1007/s10479-023-05286-6"},"language":"en","primary_location":{"id":"doi:10.1007/s10479-023-05286-6","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s10479-023-05286-6","pdf_url":null,"source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103240790","display_name":"Jing Hao","orcid":"https://orcid.org/0000-0003-3723-4022"},"institutions":[{"id":"https://openalex.org/I90259746","display_name":"Capital University of Economics and Business","ror":"https://ror.org/01r5sf951","country_code":"CN","type":"education","lineage":["https://openalex.org/I90259746"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jing Hao","raw_affiliation_strings":["School of Management and Engineering, Capital University of Economics and Business, Beijing, 100070, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management and Engineering, Capital University of Economics and Business, Beijing, 100070, China","institution_ids":["https://openalex.org/I90259746"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5102749183","display_name":"Feng He","orcid":"https://orcid.org/0000-0002-7523-2602"},"institutions":[{"id":"https://openalex.org/I90259746","display_name":"Capital University of Economics and Business","ror":"https://ror.org/01r5sf951","country_code":"CN","type":"education","lineage":["https://openalex.org/I90259746"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Feng He","raw_affiliation_strings":["Loboratory for Fintech and Risk Management, Tianjin, 300222, China","School of Finance, Capital University of Economics and Business, Beijing, 100070, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Loboratory for Fintech and Risk Management, Tianjin, 300222, China","institution_ids":[]},{"raw_affiliation_string":"School of Finance, Capital University of Economics and Business, Beijing, 100070, China","institution_ids":["https://openalex.org/I90259746"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5079840202","display_name":"Feng Ma","orcid":"https://orcid.org/0009-0004-5289-8075"},"institutions":[{"id":"https://openalex.org/I4800084","display_name":"Southwest Jiaotong University","ror":"https://ror.org/00hn7w693","country_code":"CN","type":"education","lineage":["https://openalex.org/I4800084"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Feng Ma","raw_affiliation_strings":["School of Economics and Management, Southwest Jiaotong University, Chengdu, 610031, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Southwest Jiaotong University, Chengdu, 610031, China","institution_ids":["https://openalex.org/I4800084"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101912180","display_name":"Shibo Zhang","orcid":"https://orcid.org/0000-0003-3852-6975"},"institutions":[{"id":"https://openalex.org/I162868743","display_name":"Tianjin University","ror":"https://ror.org/012tb2g32","country_code":"CN","type":"education","lineage":["https://openalex.org/I162868743"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Shibo Zhang","raw_affiliation_strings":["College of Management and Economics, Tianjin University, Tianjin, 300072, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Management and Economics, Tianjin University, Tianjin, 300072, China","institution_ids":["https://openalex.org/I162868743"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5024250918","display_name":"Xiaotao Zhang","orcid":"https://orcid.org/0000-0001-9871-3241"},"institutions":[{"id":"https://openalex.org/I162868743","display_name":"Tianjin University","ror":"https://ror.org/012tb2g32","country_code":"CN","type":"education","lineage":["https://openalex.org/I162868743"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xiaotao Zhang","raw_affiliation_strings":["College of Management and Economics, Tianjin University, Tianjin, 300072, China"],"raw_orcid":"https://orcid.org/0000-0001-9871-3241","affiliations":[{"raw_affiliation_string":"College of Management and Economics, Tianjin University, Tianjin, 300072, China","institution_ids":["https://openalex.org/I162868743"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5024250918"],"corresponding_institution_ids":["https://openalex.org/I162868743"],"apc_list":{"value":2390,"currency":"EUR","value_usd":2990},"apc_paid":null,"fwci":4.371,"has_fulltext":false,"cited_by_count":18,"citation_normalized_percentile":{"value":0.94446798,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":"348","issue":"1","first_page":"93","last_page":"115"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9986000061035156,"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"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/stock","display_name":"Stock (firearms)","score":0.5921512246131897},{"id":"https://openalex.org/keywords/index-arbitrage","display_name":"Index arbitrage","score":0.5499618649482727},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.5235319137573242},{"id":"https://openalex.org/keywords/trading-strategy","display_name":"Trading strategy","score":0.5175709128379822},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.5148779153823853},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.5070056915283203},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.5036837458610535},{"id":"https://openalex.org/keywords/mainland-china","display_name":"Mainland China","score":0.47772690653800964},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4624806344509125},{"id":"https://openalex.org/keywords/investment-strategy","display_name":"Investment strategy","score":0.46119144558906555},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.45630568265914917},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.44287437200546265},{"id":"https://openalex.org/keywords/arbitrage","display_name":"Arbitrage","score":0.4215511381626129},{"id":"https://openalex.org/keywords/deep-learning","display_name":"Deep learning","score":0.41740575432777405},{"id":"https://openalex.org/keywords/machine-learning","display_name":"Machine learning","score":0.37292617559432983},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.3530255854129791},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"Capital asset pricing model","score":0.19632843136787415},{"id":"https://openalex.org/keywords/risk-arbitrage","display_name":"Risk arbitrage","score":0.19151678681373596},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.17992842197418213},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.10119998455047607},{"id":"https://openalex.org/keywords/arbitrage-pricing-theory","display_name":"Arbitrage pricing theory","score":0.09319418668746948},{"id":"https://openalex.org/keywords/geography","display_name":"Geography","score":0.08273446559906006}],"concepts":[{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5921512246131897},{"id":"https://openalex.org/C52008547","wikidata":"https://www.wikidata.org/wiki/Q6017830","display_name":"Index arbitrage","level":5,"score":0.5499618649482727},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5235319137573242},{"id":"https://openalex.org/C131562839","wikidata":"https://www.wikidata.org/wiki/Q1574928","display_name":"Trading strategy","level":2,"score":0.5175709128379822},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5148779153823853},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5070056915283203},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5036837458610535},{"id":"https://openalex.org/C107029721","wikidata":"https://www.wikidata.org/wiki/Q19188","display_name":"Mainland China","level":3,"score":0.47772690653800964},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4624806344509125},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.46119144558906555},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.45630568265914917},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.44287437200546265},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.4215511381626129},{"id":"https://openalex.org/C108583219","wikidata":"https://www.wikidata.org/wiki/Q197536","display_name":"Deep learning","level":2,"score":0.41740575432777405},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.37292617559432983},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.3530255854129791},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.19632843136787415},{"id":"https://openalex.org/C42854785","wikidata":"https://www.wikidata.org/wiki/Q2154735","display_name":"Risk arbitrage","level":4,"score":0.19151678681373596},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.17992842197418213},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.10119998455047607},{"id":"https://openalex.org/C142450864","wikidata":"https://www.wikidata.org/wiki/Q629941","display_name":"Arbitrage pricing theory","level":3,"score":0.09319418668746948},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.08273446559906006},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1007/s10479-023-05286-6","is_oa":false,"landing_page_url":"https://doi.org/10.1007/s10479-023-05286-6","pdf_url":null,"source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:annopr:v:348:y:2025:i:1:d:10.1007_s10479-023-05286-6","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s10479-023-05286-6","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,"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"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Partnerships for the goals","score":0.4300000071525574,"id":"https://metadata.un.org/sdg/17"}],"awards":[{"id":"https://openalex.org/G1221365527","display_name":null,"funder_award_id":"71771171","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G6875453815","display_name":null,"funder_award_id":"72141304","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G7867647527","display_name":null,"funder_award_id":"71790594","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":46,"referenced_works":["https://openalex.org/W1975527084","https://openalex.org/W1986231551","https://openalex.org/W2005346797","https://openalex.org/W2046859882","https://openalex.org/W2050173370","https://openalex.org/W2081511628","https://openalex.org/W2090637028","https://openalex.org/W2100666698","https://openalex.org/W2144835125","https://openalex.org/W2149558700","https://openalex.org/W2159214323","https://openalex.org/W2163969674","https://openalex.org/W2194775991","https://openalex.org/W2291108100","https://openalex.org/W2342352817","https://openalex.org/W2495941162","https://openalex.org/W2546302380","https://openalex.org/W2597372336","https://openalex.org/W2610886376","https://openalex.org/W2624385633","https://openalex.org/W2788025656","https://openalex.org/W2799643291","https://openalex.org/W2865675487","https://openalex.org/W2883692332","https://openalex.org/W2904485001","https://openalex.org/W2911964244","https://openalex.org/W2917431595","https://openalex.org/W2922705140","https://openalex.org/W2963763250","https://openalex.org/W2966860095","https://openalex.org/W2980306936","https://openalex.org/W2988724480","https://openalex.org/W2991061473","https://openalex.org/W2993491036","https://openalex.org/W3004732066","https://openalex.org/W3017796761","https://openalex.org/W3036201112","https://openalex.org/W3046210600","https://openalex.org/W3115786404","https://openalex.org/W3124185353","https://openalex.org/W3124969634","https://openalex.org/W3125077454","https://openalex.org/W3126136988","https://openalex.org/W4205539948","https://openalex.org/W4231546411","https://openalex.org/W4240307802"],"related_works":["https://openalex.org/W1991112490","https://openalex.org/W2347976213","https://openalex.org/W2354667175","https://openalex.org/W1504686179","https://openalex.org/W2355276924","https://openalex.org/W2976038681","https://openalex.org/W3124716258","https://openalex.org/W3125606490","https://openalex.org/W2386799696","https://openalex.org/W4254607414"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2}],"updated_date":"2026-05-10T08:33:47.465468","created_date":"2025-10-10T00:00:00"}
