Alexey Mikhaylov|Hasan D?nçer|Serhat Yüksel
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
Financial University|Istanbul Medipol University|Istanbul Medipol University
abstract purpose paper identify factors financial development greatest impact open innovation 7 emerging countries analysis performed featuring mfxdma method well verification autocorrelation heteroscedasticity time period covers years 2002 2020 article states main indicators improve financial development enhance process bank lending equity market development important area development competition providing equal access information market participants continuously refining technical infrastructure regression analysis mfxdma method confirms statistical significance influence article fills knowledge gap link open innovations relatively low capitalization modern emerging countries financial market low liquidity small cap stocks financial market concentration banking sector well risks arising process globalization another analysis also conducted generating novel fuzzy decisionmaking model first stage determinants open innovationbased fintech potential weighted emerging economies purpose mswara methodology taken consideration based bipolar qrofss golden cut second stage analysis includes evaluating emerging economies determinants open innovationbased fintech potential context emerging seven countries examined electre methodology found significant factor open innovationbased fintech potential