{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,12]],"date-time":"2026-03-12T09:16:55Z","timestamp":1773307015086,"version":"3.50.1"},"reference-count":57,"publisher":"MDPI AG","issue":"3","license":[{"start":{"date-parts":[[2026,3,11]],"date-time":"2026-03-11T00:00:00Z","timestamp":1773187200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Information"],"abstract":"<jats:p>This study examines the statistical associations between commercialization-related cost structures and financial outcomes on revenue growth, profitability, and scale within a centralized financial system. We estimate four OLS models (M1\u2013M4) using aggregated annual data from 2020 to 2025 and enhance our analysis with a fuzzy cognitive map (FCM) scenario assessment. The findings demonstrate that revenue growth correlates positively with both SG&amp;A growth and commercialization efficiency (revenue per unit of SG&amp;A); however, SG&amp;A intensity exhibits a negative relationship with net margins. Logarithmic estimations indicate a robust co-scaling between operational expenses and revenues, implying growth driven by capacity rather than operating leverage. Lagged analysis also reveals an intertemporal trade-off, wherein phases of accelerated SG&amp;A expansion are succeeded by diminished subsequent growth. The findings underscore the necessity of differentiating between commercialization intensity and efficiency, and advise against viewing SG&amp;A growth as a consistent alignment of financial performance.<\/jats:p>","DOI":"10.3390\/info17030280","type":"journal-article","created":{"date-parts":[[2026,3,11]],"date-time":"2026-03-11T14:43:18Z","timestamp":1773240198000},"page":"280","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":0,"title":["Information-Enabled Marketing Efficiency and Financial Performance in Centralized Finance (CeFi)\u2014An International Study"],"prefix":"10.3390","volume":"17","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-6857-6012","authenticated-orcid":false,"given":"Dimitrios P.","family":"Reklitis","sequence":"first","affiliation":[{"name":"BICTEVAC Laboratory\u2014Business Information and Communication Technologies in Value Chains, Department of Agribusiness and Supply Chain Management, School of Applied Economics and Social Sciences, Agricultural University of Athens, 11855 Athens, Greece"},{"name":"Business Management Department, BCA College, 205 Alexandra\u2019s Avenue, 11523 Athens, Greece"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-4480-5893","authenticated-orcid":false,"given":"Nikolaos T.","family":"Giannakopoulos","sequence":"additional","affiliation":[{"name":"BICTEVAC Laboratory\u2014Business Information and Communication Technologies in Value Chains, Department of Agribusiness and Supply Chain Management, School of Applied Economics and Social Sciences, Agricultural University of Athens, 11855 Athens, Greece"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0009-0002-8461-6621","authenticated-orcid":false,"given":"Marina C.","family":"Terzi","sequence":"additional","affiliation":[{"name":"BICTEVAC Laboratory\u2014Business Information and Communication Technologies in Value Chains, Department of Agribusiness and Supply Chain Management, School of Applied Economics and Social Sciences, Agricultural University of Athens, 11855 Athens, Greece"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-2253-8966","authenticated-orcid":false,"given":"Damianos P.","family":"Sakas","sequence":"additional","affiliation":[{"name":"BICTEVAC Laboratory\u2014Business Information and Communication Technologies in Value Chains, Department of Agribusiness and Supply Chain Management, School of Applied Economics and Social Sciences, Agricultural University of Athens, 11855 Athens, Greece"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-3345-495X","authenticated-orcid":false,"given":"Kanellos","family":"S. Toudas","sequence":"additional","affiliation":[{"name":"BICTEVAC Laboratory\u2014Business Information and Communication Technologies in Value Chains, Department of Agribusiness and Supply Chain Management, School of Applied Economics and Social Sciences, Agricultural University of Athens, 11855 Athens, Greece"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-2617-970X","authenticated-orcid":false,"given":"Apostolos G.","family":"Christopoulos","sequence":"additional","affiliation":[{"name":"Department of Business Administration, University of the Aegean, 82132 Chios, Greece"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1968","published-online":{"date-parts":[[2026,3,11]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"102183","DOI":"10.1016\/j.intfin.2025.102183","article-title":"Centralized exchanges & proof-of-solvency: The guardians of trust","volume":"103","year":"2025","journal-title":"J. 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