Manuscript deadline
30 April 2024

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Special Issue Editor(s)

He Ni, Zhejiang Gongshang University, China
[email protected]

Daniel (Jianxin) Chi, University of Nevada, Las Vegas, US
[email protected]

Xueqi Dong, Newcastle University, UK
[email protected]

David Clowes, Cracow University of Economics, Poland
[email protected]

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Finance, Innovation and Economic Transformation

The global economy and the markets in particular have undergone a profound transformation. It is particularly astonishing to observe how swiftly China’s economic reform and financial innovation have advanced (He and Wei2022). China has set an example for other significant economies around the world for how it breaks out of its economic slump using finance and innovation, which are essential for maintaining the stability of the economy and financial system (Girma et al.2008Carpenter et al.2021). Financial innovation and economic transformation are undoubtedly fuelled by the quickening pace of technological advancement and the unusually conciliatory attitude of regulators (Allen et al.2005Chemmanur and Fulghieri2014Fernandez2017). The financial system and economic transformation are being rapidly upended by financial technology companies, making it easier to grow financial services(Chen2016Lin and Ma2022). During the post-pandemic era, unsustainable traditional business models are fading out of sight. It is essential to research financial innovation and economic transformation and how they foster economic expansion in order to further raise the level of modernization and global competitiveness of the financial sector (Camargo et al.2021Yuan et al.2021).

It is widely known that finance and economic transformation has been one of the most active domains with increasingly more prominent data (Soren-son et al.2016Goldstein et al.2021), technological innovation (Dosi1990Ayyagari et al.2011), common prosperity (Jinlin et al.2022), economic sustainability (Qian and Huang2016) and many others. For instance, green innovation is crucial for achieving carbon neutral and sustainable economic growth (Jiang et al.2020Shi et al.2022) and a favourable impact on the evolution of the green economy, particularly in terms of government behaviour (Irfan et al.2022). Some studies have looked into the connection between energy use and green innovation transformation (Madaleno et al.2022). Han et al. (2019) and V`yrost et al. (2019) construct financial networks and apply mutual information in the networks to analyse the market risk, which improves investment efficiency. The socio-economic challenge and opportunities due to the impact of the pandemic have also been discussed (Buheji2020Havrlant et al.2021), and Soto-Acosta (2020) further explores the particular opportunities in digital transformation.

However, our knowledge of financial innovation and economic transformation as well as their interaction in promoting economic growth in the 21st century is insufficient, which limits our ability to develop optimal economic policies. Therefore, the Journal of Chinese Economic and Business Studies calls for papers on a special issue of “Finance, Innovation and Economic Transformation”. It is anticipated that contributions to this issue will lead to ground-breaking discoveries in the areas of financial innovation and economic transformation, which will have a significant influence on a variety of stakeholders, including policymakers, the general public, and society.

Aims and Scope of the Special Issue

The objective of this special issue is to compile articles that advance theory and empirical research on finance, innovation and economic transformation that lay the groundwork for an organized future research agenda. We welcome quantitative and qualitative investigations, as well as mixed methods. We will also consider conceptual or theoretical papers.

The expected topics include, but are not limited to:

  • Financial market and institutions
  • Financial technology, financial innovation, and digital finance
  • Financial risk and regulation
  • Financial inclusion and poverty
  • Economic growth and transition
  • Labour and social welfare
  • Public economics
  • Health economics
  • Capital market and asset pricing
  • Derivatives
  • Energy, environmental and agricultural economics

Possible contributors include researchers and academics with expertise and interest in finance, innovation and economic transformation in general; Researchers and scholars interested in financial technology, innovation and economic transition, financial sustainability and green financial development, Environmental, Social and Governance(ESG), labour, public and health economics, energy, environmental and agricultural economics;  Stakeholders interested in social, economic and financial issues.

Readership and Plan for Citations

The proposed topic spans three disciplines, including financial technology, financial innovation, and economic transformation. Each of these topics has a substantial readership, which increases the likelihood that the special issue will receive more citations and readers. Given the timely nature of this special issue, we anticipate that its readership will extend beyond the academic community. For example, mainstream business media have recently focused on financial innovation and financial inclusion in the banking industry, particularly in light of recent political developments in the Chinese government. The guest editors, who are all involved in finance and economics, intend to promote the special issue before and after its completion, thereby expanding its readership and reach.

Submission Instructions

Scholars interested in developing and submitting work to the special issue will be invited to conferences at Zhejiang Gongshang University on the 12th-13th of November 2022 and the 18th - 19th of December 2022. Participants in the conferences will be encouraged and promoted to submit their papers to the special issue through Zhejiang Gongshang University invitations. Note that presentation at the conference does not guarantee the final publication. We hope the feedback received at the conference is helpful for authors to improve the quality of their manuscripts.

Submissions are not limited to conference participants. Scholars can surely submit their works directly through the journal link. Please select the special issue title "Finance, Innovation and Economic Transformation" when submitting your paper to ScholarOne.

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