Recent technological developments have enabled a wide array of new applications in financial markets, e.g. big data, cloud computing, artificial intelligence, blockchain, cryptocurrencies, peer-to-peer lending, crowdfunding, and robo-advising, inter alia. While traditionally comprising of...

This paper introduces the concept of Strategic Fintech, an implications led approach to evaluate the changes that financial technology brings to financial services. It details the changing nature of financial mediation in a digital world. Strategic Fintech provides a framework from which to...

The pricing of carbon is an essential element in addressing climate change through market activity. Price exuberance can potentially result in a loss of confidence in these markets. We test to see whether the time-series changes from a random walk to an explosive process during the first five...

This paper evaluates the traditional asset pricing models and examines the literature on the mostpromising machine learning techniques that can be used to price securities. Asset price forecastingis essential to efficient markets. Capital Asset Pricing Models (CAPM), Arbitrage Pricing...

The authors build on research into the African equity universe to recommend a more appropriate index for investment. Three different methodologies were investigated, namely capitalization, equal, and fundamental weighting of index constituents. The authors conclude that diversification is not...