{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,8]],"date-time":"2026-04-08T00:24:33Z","timestamp":1775607873990,"version":"3.50.1"},"reference-count":82,"publisher":"Springer Science and Business Media LLC","issue":"1","license":[{"start":{"date-parts":[[2023,8,29]],"date-time":"2023-08-29T00:00:00Z","timestamp":1693267200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"},{"start":{"date-parts":[[2023,8,29]],"date-time":"2023-08-29T00:00:00Z","timestamp":1693267200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["Electron Commer Res"],"published-print":{"date-parts":[[2024,3]]},"DOI":"10.1007\/s10660-023-09734-0","type":"journal-article","created":{"date-parts":[[2023,8,29]],"date-time":"2023-08-29T08:06:42Z","timestamp":1693296402000},"page":"629-654","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":83,"title":["A comparative analysis between FinTech and traditional stock markets: using Russia and Ukraine war data"],"prefix":"10.1007","volume":"24","author":[{"given":"Fakhrul","family":"Hasan","sequence":"first","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0002-1610-7385","authenticated-orcid":false,"given":"Manaf","family":"Al-Okaily","sequence":"additional","affiliation":[]},{"given":"Tonmoy","family":"Choudhury","sequence":"additional","affiliation":[]},{"given":"Umar","family":"Kayani","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2023,8,29]]},"reference":[{"issue":"14","key":"9734_CR1","first-page":"2697","volume":"98","author":"MS Abd Rahman","year":"2020","unstructured":"Abd Rahman, M. S., Al-Okaily, M., Ismail, W. N. S. W., & Ali, A. (2020). Measuring success of accounting information system: Applying the DeLone and McLean model at the organizational level. Journal of Theoretical and Applied Information Technology, 98(14), 2697\u20132706.","journal-title":"Journal of Theoretical and Applied Information Technology"},{"issue":"3","key":"9734_CR2","doi-asserted-by":"publisher","first-page":"e09152","DOI":"10.1016\/j.heliyon.2022.e09152","volume":"8","author":"B Abu-Salih","year":"2022","unstructured":"Abu-Salih, B., Wongthongtham, P., Morrison, G., Coutinho, K., Al-Okaily, M., & Huneiti, A. (2022). Short-term renewable energy consumption and generation forecasting: A case study of Western Australia. Heliyon, 8(3), e09152.","journal-title":"Heliyon"},{"key":"9734_CR3","doi-asserted-by":"publisher","first-page":"101925","DOI":"10.1016\/j.techsoc.2022.101925","volume":"68","author":"IB Adekoya","year":"2022","unstructured":"Adekoya, I. B., Oliyide, J. A., Saleem, O., & Adeoye, H. A. (2022). Asymmetric connectedness between Google-based investor attention and the fourth industrial revolution assets: The case of FinTech and Robotics & Artificial intelligence stocks. Technology in Society, 68, 101925.","journal-title":"Technology in Society"},{"issue":"1","key":"9734_CR4","doi-asserted-by":"publisher","first-page":"1","DOI":"10.4018\/IJEGR.313635","volume":"18","author":"D Al-Fraihat","year":"2022","unstructured":"Al-Fraihat, D., Al-Debei, M. M., & Al-Okaily, A. (2022). Factors influencing the decision to utilize eTax systems during the COVID-19 pandemic: The moderating role of anxiety of COVID-19 infection. International Journal of Electronic Government Research (IJEGR), 18(1), 1\u201324.","journal-title":"International Journal of Electronic Government Research (IJEGR)"},{"issue":"6","key":"9734_CR5","doi-asserted-by":"publisher","first-page":"1958","DOI":"10.1108\/TQM-09-2021-0267","volume":"34","author":"M Al-Okaily","year":"2022","unstructured":"Al-Okaily, M., & Al-Okaily, A. (2022). An Empirical Assessment of Enterprise Information Systems Success in a Developing Country: The Jordanian Experience. The TQM Journal, 34(6), 1958\u20131975. https:\/\/doi.org\/10.1108\/TQM-09-2021-0267","journal-title":"The TQM Journal"},{"key":"9734_CR6","doi-asserted-by":"publisher","unstructured":"Al-Okaily, M. (2022). Toward an integrated model for the antecedents and consequences of AIS usage at the organizational level. EuroMed Journal of Business. Vol. and No. ahead-of-print. https:\/\/doi.org\/10.1108\/EMJB-05-2022-0100.","DOI":"10.1108\/EMJB-05-2022-0100"},{"key":"9734_CR7","doi-asserted-by":"publisher","unstructured":"Al-Okaily, M. (2023). Does AIS usage matter at SMEs performance: An empirical investigation in the digital transformation revolution. Information Discovery and Delivery. Vol. ahead-of-print No. ahead-of-print. DOI: https:\/\/doi.org\/10.1108\/IDD-08-2022-0072.","DOI":"10.1108\/IDD-08-2022-0072"},{"key":"9734_CR8","doi-asserted-by":"publisher","unstructured":"Al-Okaily, A., Ai Ping, T., & Al-Okaily, M. (2023). Evaluation of data analytics-oriented business intelligence technology effectiveness: An enterprise-level analysis. Business Process Management Journal. Vol. and No. ahead-of-print. https:\/\/doi.org\/10.1108\/BPMJ-10-2022-0546.","DOI":"10.1108\/BPMJ-10-2022-0546"},{"key":"9734_CR9","doi-asserted-by":"publisher","unstructured":"Al-Okaily, M. (2021). Assessing the effectiveness of accounting information systems in the era of COVID-19 pandemic. VINE Journal of Information and Knowledge Management Systems. Vol. and No. ahead-of-print. https:\/\/doi.org\/10.1108\/VJIKMS-08-2021-0148.","DOI":"10.1108\/VJIKMS-08-2021-0148"},{"key":"9734_CR10","doi-asserted-by":"publisher","DOI":"10.1007\/s10660-022-09577-1","author":"AA Al-Qudah","year":"2022","unstructured":"Al-Qudah, A. A., Al-Okaily, M., Alqudah, A., & Ghazlat, A. (2022). Mobile payment adoption in the time of the COVID-19 pandemic. Electronic Commerce Research. https:\/\/doi.org\/10.1007\/s10660-022-09577-1","journal-title":"Electronic Commerce Research"},{"issue":"8","key":"9734_CR11","doi-asserted-by":"publisher","first-page":"6350","DOI":"10.3390\/su15086350","volume":"15","author":"AR Al Natour","year":"2022","unstructured":"Al Natour, A. R., Al-Qadi, N. S., Meqbel, R., Zaidan, H., Al-Mawali, H., & Al-Okaily, M. (2022). The role of privatisation in sustaining auditor independence: evidence from the developing markets. Sustainability, 15(8), 6350.","journal-title":"Sustainability"},{"key":"9734_CR12","doi-asserted-by":"publisher","unstructured":"Alalwan, A. A., Al-Fraihat, D., Rehman, S. U., Alkhwaldi, A. F. & Al-Okaily, A., (2022). Investigating antecedents of mobile payment systems decision making: A mediated model. Global Knowledge, Memory and Communication. Vol. and No. ahead-of-print. https:\/\/doi.org\/10.1108\/GKMC-10-2021-0171.","DOI":"10.1108\/GKMC-10-2021-0171"},{"key":"9734_CR13","doi-asserted-by":"crossref","unstructured":"Alam, A., Uddin, M., Yazdifar, H. (2019). Institutional determinants of R&D investment: Evidence from emerging markets. Technology Forecasting and Social Changes, 138, 34\u201344.","DOI":"10.1016\/j.techfore.2018.08.007"},{"key":"9734_CR14","doi-asserted-by":"publisher","unstructured":"Alqudah, H., Al-Qudah, A. A., Al-Qadi, N. S., Elrehail, H., Al-Okaily, A. (2022). Does financial awareness increase the acceptance rate for financial inclusion? An empirical examination in the era of digital transformation, Kybernetes, Vol. and No. ahead-of-print. https:\/\/doi.org\/10.1108\/K-08-2021-0710.","DOI":"10.1108\/K-08-2021-0710"},{"key":"9734_CR15","doi-asserted-by":"publisher","unstructured":"Alqudah, H., Al-Qudah, A. A., & Alkhwaldi, A.F. (2022). Examining the Critical Factors of Computer- Assisted Audit Tools and Techniques Adoption in the Post-COVID-19 Period: Internal Auditors Perspective. VINE Journal of Information and Knowledge Management Systems. Vol. ahead-of-print No. ahead-of-print. https:\/\/doi.org\/10.1108\/VJIKMS-12-2021-0311.","DOI":"10.1108\/VJIKMS-12-2021-0311"},{"issue":"17","key":"9734_CR16","doi-asserted-by":"publisher","first-page":"10630","DOI":"10.3390\/su141710630","volume":"14","author":"AA Alsmadi","year":"2022","unstructured":"Alsmadi, A. A., Shuhaiber, A., Alhawamdeh, L. N., Alghazzawi, R., & Al-Okaily, M. (2022). Twenty years of mobile banking services development and sustainability: A bibliometric analysis overview (2000\u20132020). Sustainability, 14(17), 10630.","journal-title":"Sustainability"},{"key":"9734_CR17","doi-asserted-by":"crossref","unstructured":"Alsmadi, A. A., Al-Okaily, M., Alrawashdeh, N., Al-Gasaymeh, A., Moh\u2019d Al-hazimeh, A., & Zakari, A. (2023). A bibliometric analysis of green bonds and sustainable green energy: Evidence from the last fifteen years (2007\u20132022). Sustainability, 15(7), 5778.","DOI":"10.3390\/su15075778"},{"key":"9734_CR18","doi-asserted-by":"publisher","first-page":"2","DOI":"10.1186\/s40854-018-0114-0","volume":"4","author":"S Asongu","year":"2018","unstructured":"Asongu, S., Akpan, U. S., & Isihak, S. R. (2018). Determinants of foreign direct investment in fast-growing economies: Evidence from the BRICS and MINT countries. Financial Innovation, 4, 2\u201317.","journal-title":"Financial Innovation"},{"issue":"2","key":"9734_CR19","doi-asserted-by":"publisher","first-page":"155","DOI":"10.33168\/JSMS.2021.0210","volume":"11","author":"AL Aws","year":"2021","unstructured":"Aws, A. L., Ping, T. A., & Al-Okaily, M. (2021). Towards business intelligence success measurement in an organization: A conceptual study. Journal of System and Management Sciences, 11(2), 155\u2013170. https:\/\/doi.org\/10.33168\/JSMS.2021.0210","journal-title":"Journal of System and Management Sciences"},{"key":"9734_CR20","doi-asserted-by":"crossref","unstructured":"Bany Mohammad, A., Al-Okaily, M., Al-Majali, M., & Masa\u2019deh, R. E. (2022). Business Intelligence and Analytics (BIA) usage in the banking industry sector: An application of the TOE framework.\u00a0Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 189.","DOI":"10.3390\/joitmc8040189"},{"key":"9734_CR21","doi-asserted-by":"publisher","first-page":"363","DOI":"10.1016\/j.frl.2018.09.002","volume":"29","author":"E Baum\u00f6hl","year":"2019","unstructured":"Baum\u00f6hl, E. (2019). Are cryptocurrencies connected to forex? A quantile cross-spectral approach. Finance Research Letters, 29, 363\u2013372.","journal-title":"Finance Research Letters"},{"key":"9734_CR22","doi-asserted-by":"publisher","first-page":"177","DOI":"10.1016\/j.intfin.2017.12.004","volume":"54","author":"DG Baur","year":"2018","unstructured":"Baur, D. G., Hong, K., & Lee, A. D. (2018). Bitcoin: Medium of exchange or speculative assets? Journal of International Financial Markets, Institutions and Money, 54, 177\u2013189.","journal-title":"Journal of International Financial Markets, Institutions and Money"},{"issue":"4","key":"9734_CR23","doi-asserted-by":"publisher","first-page":"95","DOI":"10.3390\/ijfs10040095","volume":"10","author":"M Beraich","year":"2022","unstructured":"Beraich, M., Amzile, K., Laamire, J., Zirari, O., & Fadali, M. A. (2022). Volatility spillover effects of the US, European and Chinese financial markets in the context of the Russia\u2013Ukraine conflict. International Journal of Financial Studies, 10(4), 95.","journal-title":"International Journal of Financial Studies"},{"key":"9734_CR24","doi-asserted-by":"crossref","unstructured":"Berninger, M., Kiesel, F., Kolaric, S. (2022). Should I stay or should I go? Stock market reactions to companies' decisions in the wake of the Russia\u2013Ukraine conflict. In SSRN working paper.","DOI":"10.2139\/ssrn.4088159"},{"key":"9734_CR25","doi-asserted-by":"crossref","unstructured":"Boot, A. W., Hoffmann, P., Laeven, L., Ratnovski, L. (2020). Financial intermediation and technology: What's Old, What's New?. In IMF working paper. WP\/20\/161.","DOI":"10.5089\/9781513552491.001"},{"key":"9734_CR26","doi-asserted-by":"publisher","first-page":"110516","DOI":"10.1016\/j.econlet.2022.110516","volume":"215","author":"W Boungou","year":"2022","unstructured":"Boungou, W., & Yati\u00e9, A. (2022). The impact of the Ukraine-Russia war on world stock market returns. Economics Letters, 215, 110516.","journal-title":"Economics Letters"},{"key":"9734_CR27","doi-asserted-by":"publisher","first-page":"192","DOI":"10.1016\/j.frl.2016.09.025","volume":"20","author":"E Bouri","year":"2017","unstructured":"Bouri, E., Molnar, P., Azzi, G., Roubaud, D., & Hagfors, L. I. (2017). On the hedge and safe haven properties of bitcoin: Is it really more than a diversifier? Finance Research Letters, 20, 192\u2013198.","journal-title":"Finance Research Letters"},{"key":"9734_CR28","doi-asserted-by":"publisher","first-page":"205","DOI":"10.1016\/0304-405X(80)90002-1","volume":"8","author":"S Brown","year":"1980","unstructured":"Brown, S., & Warner, J. (1980). Measuring security price performance. Journal of Financial Economics, 8, 205\u2013258.","journal-title":"Journal of Financial Economics"},{"key":"9734_CR29","doi-asserted-by":"publisher","first-page":"3","DOI":"10.1016\/0304-405X(85)90042-X","volume":"14","author":"S Brown","year":"1985","unstructured":"Brown, S., & Warner, J. (1985). Using daily stock returns: The case of event studies. Journal of Financial Economics, 14, 3\u201331.","journal-title":"Journal of Financial Economics"},{"key":"9734_CR30","doi-asserted-by":"publisher","DOI":"10.1515\/9781400830213","volume-title":"The econometrics of financial markets","author":"JY Campbell","year":"1997","unstructured":"Campbell, J. Y., Lo, A. W., & MacKinley, A. C. (1997). The econometrics of financial markets. Princeton University Press."},{"key":"9734_CR31","first-page":"88","volume":"34","author":"MA Cheema","year":"2020","unstructured":"Cheema, M. A., Faff, R. W., & Szulczuk, K. (2020). The 2008 global financial crisis and COVID-19 pandemic: How safe are the safe haven assets? Covid Economics, Vetted and Real-Time Papers, 34, 88\u2013115.","journal-title":"Covid Economics, Vetted and Real-Time Papers"},{"key":"9734_CR32","doi-asserted-by":"publisher","first-page":"2062","DOI":"10.1093\/rfs\/hhy130","volume":"32","author":"MA Chen","year":"2019","unstructured":"Chen, M. A., Wu, Q., & Yang, B. (2019). How valuable is FinTech innovation? The Review of Financial Studies, 32, 2062\u20132106.","journal-title":"The Review of Financial Studies"},{"key":"9734_CR33","doi-asserted-by":"crossref","unstructured":"Chen, Y., Chiu, J., Chung, H. (2022), \u201cGivers or Receivers? Return and volatility spillovers between Fintech and the traditional financial industry\u201d, Finance Research Letters, 46(B), 102458.","DOI":"10.1016\/j.frl.2021.102458"},{"issue":"5","key":"9734_CR34","doi-asserted-by":"publisher","first-page":"1022","DOI":"10.1016\/j.jbankfin.2009.11.004","volume":"34","author":"T Choudhry","year":"2010","unstructured":"Choudhry, T. (2010). World War II events and the Dow Jones industrial index. Journal of Banking & Finance, 34(5), 1022\u20131031.","journal-title":"Journal of Banking & Finance"},{"key":"9734_CR35","doi-asserted-by":"publisher","first-page":"101607","DOI":"10.1016\/j.frl.2020.101607","volume":"35","author":"T Conlon","year":"2020","unstructured":"Conlon, T., & McGee, R. (2020). Safe haven or risky hazard? Bitcoin during the Covid-19 bear market. Finance Research Letters, 35, 101607.","journal-title":"Finance Research Letters"},{"key":"9734_CR36","doi-asserted-by":"crossref","unstructured":"Deng, M., Leippold M., Wagner, A. F., Wang, Q. (2022), Stock prices and the Russia\u2013Ukraine war: Sanctions, energy and ESG. In SSRN Working Paper.","DOI":"10.2139\/ssrn.4080181"},{"key":"9734_CR37","doi-asserted-by":"crossref","unstructured":"Federle, J., M\u00fcller, G., Meier, A., and Sehn, V. (2022), Proximity to war: The stock market response to the Russian invasion of Ukraine. In CEPR discussion paper series.","DOI":"10.2139\/ssrn.4060222"},{"issue":"1","key":"9734_CR38","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1016\/j.irfa.2006.11.003","volume":"17","author":"V Fernandez","year":"2008","unstructured":"Fernandez, V. (2008). The war on terror and its impact on the long-term volatility of financial markets. International Review of Financial Analysis, 17(1), 1\u201326.","journal-title":"International Review of Financial Analysis"},{"key":"9734_CR39","doi-asserted-by":"crossref","unstructured":"Frame, W. S., & White, L. J. (2014), Technological change, financial innovation, and diffusion in banking. Atlanta, Georgia & New York, NY: Federal Reserve Bank of Atlanta & Leonard N. Stern School of Business, Department of Economics. In NYU working paper no. 2451\/33549.","DOI":"10.1093\/oxfordhb\/9780199688500.013.0011"},{"issue":"1","key":"9734_CR40","doi-asserted-by":"publisher","first-page":"51","DOI":"10.1017\/S0968565004000046","volume":"11","author":"BS Frey","year":"2004","unstructured":"Frey, B. S., & Waldenstr\u00f6m, D. (2004). Markets work in war: World War II reflected in the Zurich and Stockholm bond markets. Financial History Review, 11(1), 51\u201367.","journal-title":"Financial History Review"},{"issue":"100","key":"9734_CR41","doi-asserted-by":"publisher","first-page":"761","DOI":"10.1093\/epolic\/eiaa003","volume":"34","author":"J Frost","year":"2019","unstructured":"Frost, J., Gambacorta, L., Huang, Y., Shin, H. S., & Zbinden, P. (2019). BigTech and the changing structure of financial intermediation. Economic Policy, 34(100), 761\u2013799.","journal-title":"Economic Policy"},{"key":"9734_CR42","first-page":"30","volume":"26","author":"S Gopalan","year":"2012","unstructured":"Gopalan, S., Jain, G., Kalani, G., & Tan, J. (2012). Breakthrough IT banking. McKinsey Quarterly, 26, 30\u201335.","journal-title":"McKinsey Quarterly"},{"key":"9734_CR43","doi-asserted-by":"crossref","unstructured":"Guenette, J. D., Kenworthy, P., & Wheeler, C.   (2022). Implications of the war in Ukraine for the global economy. World Bank Group. EFI Policy Note 3","DOI":"10.1596\/37372"},{"issue":"4","key":"9734_CR44","doi-asserted-by":"publisher","first-page":"846","DOI":"10.1108\/JAAR-02-2022-0027","volume":"23","author":"F Hasan","year":"2022","unstructured":"Hasan, F., Shafique, S., Das, B. C., & Shome, R. (2022). R&D intensity and firms dividend policy: Evidence from BRICS countries. Journal of Applied Accounting Research, 23(4), 846\u2013862.","journal-title":"Journal of Applied Accounting Research"},{"key":"9734_CR45","unstructured":"Havlik, P. (2014). Economic Consequences of the Ukraine Conflict. WiiW Policy note 14, The Vienna Institute for International Economic Studies, wiiw"},{"key":"9734_CR46","doi-asserted-by":"publisher","first-page":"57","DOI":"10.1016\/j.najef.2018.02.002","volume":"45","author":"OW Ibhagui","year":"2018","unstructured":"Ibhagui, O. W., & Olokoyo, F. O. (2018). Leverage and firm performance: New evidence on the role of firm size. The North American Journal of Economics and Finance, 45, 57\u201382.","journal-title":"The North American Journal of Economics and Finance"},{"key":"9734_CR47","doi-asserted-by":"publisher","first-page":"423","DOI":"10.1016\/0304-405X(85)90007-8","volume":"14","author":"A Kalay","year":"1985","unstructured":"Kalay, A., & Loewenstein, U. (1985). Predictable events and excess returns: The case of dividend announcements. Journal of Financial Economics, 14(3), 423\u2013449.","journal-title":"Journal of Financial Economics"},{"issue":"4","key":"9734_CR48","doi-asserted-by":"publisher","first-page":"44","DOI":"10.18775\/ijmsba.1849-5664-5419.2014.84.1005","volume":"8","author":"M Khudaykulova","year":"2022","unstructured":"Khudaykulova, M., Yuanqiong, H., & Khudaykulov, A. (2022). Economic consequences and implications of the Ukraine-russia war. International Journal of Management Science and Business Administration, 8(4), 44\u201352.","journal-title":"International Journal of Management Science and Business Administration"},{"key":"9734_CR49","doi-asserted-by":"publisher","first-page":"105","DOI":"10.1016\/j.irfa.2018.07.010","volume":"59","author":"T Klein","year":"2018","unstructured":"Klein, T., Thu, H. P., & Walther, T. (2018). Bitcoin is not the new gold: A comparison of volatility, correlation, and portfolio performance. International Review of Financial Analysis, 59, 105\u2013116.","journal-title":"International Review of Financial Analysis"},{"key":"9734_CR50","doi-asserted-by":"crossref","unstructured":"Kristoufek, L. (2020). Grandpa, grandpa, tell me the one about bitcoin being a safe haven: Evidence from the COVID-19 pandemics. Cornell University Library.","DOI":"10.3389\/fphy.2020.00296"},{"key":"9734_CR51","doi-asserted-by":"publisher","first-page":"38","DOI":"10.1016\/j.frl.2019.04.018","volume":"31","author":"J Kurka","year":"2019","unstructured":"Kurka, J. (2019). Do cryptocurrencies and traditional asset classes influence each other? Finance Research Letters, 31, 38\u201346.","journal-title":"Finance Research Letters"},{"key":"9734_CR52","doi-asserted-by":"publisher","first-page":"31","DOI":"10.1007\/s11576-008-0111-4","volume":"51","author":"H-J Lamberti","year":"2008","unstructured":"Lamberti, H.-J., & Buger, M. (2008). Lessons learnt: 50 Jahre Information-stechnologie im Bankgeschaft am Beispiel der Deutschen Bank AG. Wirtschaftsinformatik, 51, 31\u201342.","journal-title":"Wirtschaftsinformatik"},{"key":"9734_CR53","doi-asserted-by":"publisher","first-page":"53","DOI":"10.1515\/rebs-2016-0025","volume":"17","author":"S Lazar","year":"2016","unstructured":"Lazar, S. (2016). Determinants of firm performance: Evidence from Romanian listed companies. Review of Economic and Business Studies, 17, 53\u201369.","journal-title":"Review of Economic and Business Studies"},{"key":"9734_CR54","doi-asserted-by":"crossref","unstructured":"Leigh, A., Wolfers, J., & Zitzewitz, E. (2003). What do financial markets think of war in Iraq? In National Bureau of economic research Cambridge, MA, USA.","DOI":"10.3386\/w9587"},{"key":"9734_CR55","doi-asserted-by":"publisher","first-page":"101544","DOI":"10.1016\/j.irfa.2020.101544","volume":"71","author":"J Li","year":"2020","unstructured":"Li, J., Li, J., Zhu, X., Yao, Y., & Casu, B. (2020). Risk spillovers between FinTech and traditional financial institutions: Evidence from the US. International Review of Financial Analysis, 71, 101544.","journal-title":"International Review of Financial Analysis"},{"key":"9734_CR56","doi-asserted-by":"crossref","unstructured":"Liadze, I., Macchiarelli, C., Mortimer-Lee, P., & Juanino, P. S. (2022). The economic costs of the Russia\u2013Ukraine conflict. NIESR Policy Paper 32.","DOI":"10.1111\/twec.13336"},{"issue":"1","key":"9734_CR57","doi-asserted-by":"publisher","first-page":"60","DOI":"10.1002\/for.2903","volume":"42","author":"F Ma","year":"2023","unstructured":"Ma, F., Wahab, M., Chevallier, J., & Li, Z. (2023). A tug of war of forecasting the US stock market volatility: Oil futures overnight versus intraday information. Journal of Forecasting, 42(1), 60\u201375.","journal-title":"Journal of Forecasting"},{"issue":"1","key":"9734_CR58","first-page":"13","volume":"35","author":"AC MacKinlay","year":"1997","unstructured":"MacKinlay, A. C. (1997). Event studies in economics and finance. Journal of Economic Literature, 35(1), 13\u201339.","journal-title":"Journal of Economic Literature"},{"key":"9734_CR59","doi-asserted-by":"publisher","first-page":"231","DOI":"10.1023\/A:1007766324749","volume":"12","author":"SK Majumdar","year":"1997","unstructured":"Majumdar, S. K. (1997). The impact of size and age on firm-level performance: Some evidence from India. Review of Industrial Organization, 12, 231\u2013241.","journal-title":"Review of Industrial Organization"},{"issue":"4","key":"9734_CR60","doi-asserted-by":"publisher","first-page":"724","DOI":"10.1016\/j.respol.2017.01.012","volume":"46","author":"T Mthanti","year":"2017","unstructured":"Mthanti, T., & Ojah, P. (2017). Entrepreneurial orientation (EO): Measurement and policy implications of entrepreneurship at the macroeconomic level. Research Policy, 46(4), 724\u2013739.","journal-title":"Research Policy"},{"key":"9734_CR61","doi-asserted-by":"publisher","first-page":"620","DOI":"10.1111\/1468-0106.12319","volume":"25","author":"MZ Mumtaz","year":"2020","unstructured":"Mumtaz, M. Z., & Smith, Z. A. (2020). Empirical examination of the role of fintech in monetary policy. Pacific Economic Review, 25, 620\u2013640.","journal-title":"Pacific Economic Review"},{"issue":"24","key":"9734_CR62","first-page":"1","volume":"13","author":"ARA Natour","year":"2021","unstructured":"Natour, A. R. A., Shishan, F., Al-Dmour, A., Alghazzawi, R., & Alsharairi, M. (2021). Sustainable FinTech innovation orientation: A moderated model. Sustainability, 13(24), 1\u201312.","journal-title":"Sustainability"},{"issue":"1","key":"9734_CR63","first-page":"141","volume":"8","author":"E Orhan","year":"2022","unstructured":"Orhan, E. (2022). The effects of the Russia\u2013Ukraine war on global trade. Journal of International Trade, Logistics and Law, 8(1), 141\u2013146.","journal-title":"Journal of International Trade, Logistics and Law"},{"key":"9734_CR64","doi-asserted-by":"publisher","DOI":"10.1093\/0198289774.001.0001","volume-title":"The theory of the growth of the firm","author":"E Penrose","year":"1995","unstructured":"Penrose, E. (1995). The theory of the growth of the firm. Oxford University Press."},{"key":"9734_CR65","doi-asserted-by":"publisher","first-page":"155865","DOI":"10.1016\/j.scitotenv.2022.155865","volume":"837","author":"P Pereira","year":"2022","unstructured":"Pereira, P., Ba\u0161i\u0107, F., Bogunovic, I., & Barcelo, D. (2022). Russian-Ukrainian war impacts the total environment. Science of The Total Environment, 837, 155865.","journal-title":"Science of The Total Environment"},{"key":"9734_CR66","doi-asserted-by":"crossref","unstructured":"Philippon, T. (2016). The fintech opportunity\u00a0(No. w22476). National Bureau of Economic Research.","DOI":"10.3386\/w22476"},{"key":"9734_CR67","doi-asserted-by":"publisher","first-page":"69","DOI":"10.1007\/s12599-017-0464-6","volume":"59","author":"T Puschmann","year":"2017","unstructured":"Puschmann, T. (2017). Fintech. Business & Information Systems Engineering, 59, 69\u201376.","journal-title":"Business & Information Systems Engineering"},{"issue":"7","key":"9734_CR68","doi-asserted-by":"publisher","first-page":"1769","DOI":"10.1016\/j.jbankfin.2004.06.040","volume":"29","author":"R Rigobon","year":"2005","unstructured":"Rigobon, R., & Sack, B. (2005). The effects of war risk on US financial markets. Journal of Banking & Finance, 29(7), 1769\u20131789.","journal-title":"Journal of Banking & Finance"},{"key":"9734_CR69","doi-asserted-by":"publisher","first-page":"322","DOI":"10.1016\/j.irfa.2019.01.002","volume":"63","author":"SJH Shahzad","year":"2019","unstructured":"Shahzad, S. J. H., Bouri, E., Roubaud, D., Kristoufek, L., & Lucey, B. (2019). Is bitcoin a better safehaven investment than gold and commodities? International Review of Financial Analysis, 63, 322\u2013330.","journal-title":"International Review of Financial Analysis"},{"issue":"2","key":"9734_CR70","first-page":"277","volume":"9","author":"WF Sharpe","year":"1963","unstructured":"Sharpe, W. F. (1963). A simplified model for portfolio analysis. Managerial Science, 9(2), 277\u2013293.","journal-title":"Managerial Science"},{"key":"9734_CR71","doi-asserted-by":"crossref","unstructured":"Shumilova, O., Tockner, K., Sukhodolov, A., Khilchevskyi, V., De Meester, L., Stepanenko, S., Gleick, P. (2023). Impact of the Russia\u2013Ukraine armed conflict on water resources and water infrastructure. Nature Sustainability, 1\u20139.","DOI":"10.1038\/s41893-023-01068-x"},{"key":"9734_CR72","doi-asserted-by":"publisher","first-page":"385","DOI":"10.1016\/j.frl.2018.11.002","volume":"30","author":"LA Smales","year":"2019","unstructured":"Smales, L. A. (2019). Bitcoin as a safe haven: Is it even worth considering? Finance Research Letters, 30, 385\u2013393.","journal-title":"Finance Research Letters"},{"issue":"1","key":"9734_CR73","doi-asserted-by":"publisher","first-page":"11","DOI":"10.21511\/gg.02(1).2018.02","volume":"2","author":"N Stukalo","year":"2018","unstructured":"Stukalo, N., & Simakhova, A. (2018). Social and economic effects of the war conflict in Ukraine for Europe. Geopolitics under Globalization, 2(1), 11.","journal-title":"Geopolitics under Globalization"},{"key":"9734_CR74","doi-asserted-by":"publisher","first-page":"97","DOI":"10.1016\/j.ribaf.2018.12.001","volume":"48","author":"E Symitsi","year":"2019","unstructured":"Symitsi, E., & Chalvatzis, K. J. (2019). The economic value of bitcoin: A portfolio analysis of currencies, gold, oil and stocks. Research in International Business and Finance, 48, 97\u2013110.","journal-title":"Research in International Business and Finance"},{"key":"9734_CR75","doi-asserted-by":"publisher","first-page":"102976","DOI":"10.1016\/j.frl.2022.102976","volume":"48","author":"Z Umar","year":"2022","unstructured":"Umar, Z., Polat, O., Choi, S.-Y., & Teplova, T. (2022). The impact of the Russia\u2013Ukraine conflict on the connectedness of financial markets. Finance Research Letters, 48, 102976.","journal-title":"Finance Research Letters"},{"key":"9734_CR76","doi-asserted-by":"crossref","unstructured":"Wu, F.-L., Zhan, X.-d., Zhou, J.-Q., Wang, M.-H. (2023). Stock market volatility and Russia\u2013Ukraine conflict. Finance Research Letters, 103919.","DOI":"10.1016\/j.frl.2023.103919"},{"key":"9734_CR77","doi-asserted-by":"publisher","first-page":"199","DOI":"10.1016\/j.techfore.2017.12.023","volume":"135","author":"M Yao","year":"2018","unstructured":"Yao, M., Di, H., Zheng, X., & Xu, X. (2018). Impact of payment technology innovations on the traditional financial industry: A focus on China. Technological Forecasting and Social Change, 135, 199\u2013207.","journal-title":"Technological Forecasting and Social Change"},{"issue":"2","key":"9734_CR78","first-page":"843","volume":"36","author":"D Yermack","year":"2013","unstructured":"Yermack, D. (2013). Is bitcoin a real currency? An economic appraisal (no. w19747). National Bureau of Economic Research, 36(2), 843\u2013850.","journal-title":"National Bureau of Economic Research"},{"key":"9734_CR79","doi-asserted-by":"publisher","first-page":"100723","DOI":"10.1016\/j.jbef.2022.100723","volume":"35","author":"I Yousaf","year":"2022","unstructured":"Yousaf, I., Patel, R., & Yarovaya, L. (2022). The reaction of G20+ stock markets to the Russia\u2013Ukraine conflict \u201cblack-swan\u201d event: Evidence from event study approach. Journal of Behavioral and Experimental Finance, 35, 100723.","journal-title":"Journal of Behavioral and Experimental Finance"},{"key":"9734_CR80","doi-asserted-by":"crossref","unstructured":"Yousaf, I., Patel, R., Yaroyaya, L. (2022). The reaction of G20+ stock markets to the Russia\u2013Ukraine conflict \"black-swan\" event: Evidence from event study approach. In SSRN working paper.","DOI":"10.2139\/ssrn.4069555"},{"issue":"19","key":"9734_CR81","doi-asserted-by":"publisher","first-page":"1358","DOI":"10.1080\/13504851.2017.1279261","volume":"24","author":"Z Zhang","year":"2017","unstructured":"Zhang, Z., Hung, K., & Chang, T. (2017). P2P Loans and bank loans, the chicken and the egg, what causes what?: Further evidence from a bootstrap panel granger causality test. Applied Economics Letters, 24(19), 1358\u20131362.","journal-title":"Applied Economics Letters"},{"key":"9734_CR82","doi-asserted-by":"publisher","first-page":"103526","DOI":"10.1016\/j.frl.2022.103526","volume":"52","author":"H Zhou","year":"2023","unstructured":"Zhou, H., & Lu, X. (2023). Investor attention on the Russia\u2013Ukraine conflict and stock market volatility: Evidence from China. Finance Research Letters, 52, 103526.","journal-title":"Finance Research Letters"}],"container-title":["Electronic Commerce Research"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/s10660-023-09734-0.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/article\/10.1007\/s10660-023-09734-0\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/s10660-023-09734-0.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,4,5]],"date-time":"2024-04-05T04:15:47Z","timestamp":1712290547000},"score":1,"resource":{"primary":{"URL":"https:\/\/link.springer.com\/10.1007\/s10660-023-09734-0"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2023,8,29]]},"references-count":82,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2024,3]]}},"alternative-id":["9734"],"URL":"https:\/\/doi.org\/10.1007\/s10660-023-09734-0","relation":{},"ISSN":["1389-5753","1572-9362"],"issn-type":[{"value":"1389-5753","type":"print"},{"value":"1572-9362","type":"electronic"}],"subject":[],"published":{"date-parts":[[2023,8,29]]},"assertion":[{"value":"30 June 2023","order":1,"name":"accepted","label":"Accepted","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"29 August 2023","order":2,"name":"first_online","label":"First Online","group":{"name":"ArticleHistory","label":"Article History"}},{"order":1,"name":"Ethics","group":{"name":"EthicsHeading","label":"Declarations"}},{"value":"We have no conflicts of interest to disclose.","order":2,"name":"Ethics","group":{"name":"EthicsHeading","label":"Conflict of interest"}}]}}