Pattern recognition of financial innovation life cycle for renewable energy investments with integer code series and multiple technology S-curves based on Q-ROF DEMATEL

IF 6.9 1区经济学 Q1 BUSINESS, FINANCE Financial Innovation Pub Date : 2024-02-08 DOI:10.1186/s40854-024-00616-4

Gang Kou, Hasan Dinçer, Serhat Yüksel

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Abstract

The current study evaluates the financial innovation life cycle for renewable energy investments. A novel model is proposed that has two stages. First, the financial innovation life cycle is weighted by the two-generation technology S-curve (TTSC) for renewable energy investments. Second, the TTSC is ranked with integer patterns for renewable energy investments. For this purpose, the decision-making trial and evaluation laboratory (DEMATEL) is considered with q-rung orthopair fuzzy sets (q-ROFSs). A comparative examination is then performed using intuitionistic and Pythagorean fuzzy sets, and we find similar results for all fuzzy sets. Hence, the suggested model is reliable and coherent. Maturity phase 1 is the most significant phase of the financial innovation life cycle for these projects. Aging is the most important period for financial innovation in renewable energy investment projects—renewable energy companies should make strategic decisions after that point. In this situation, decisions should relate to either radical or incremental innovation. If companies do not make decisions during these phases, innovative financial products cannot be improved. As a result, renewable energy companies will not prefer financing products.

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基于 Q-ROF DEMATEL 的整数代码序列和多技术 S 曲线的可再生能源投资金融创新生命周期模式识别

本研究评估了可再生能源投资的金融创新生命周期。研究提出了一个包含两个阶段的新模型。首先，根据可再生能源投资的两代技术 S 曲线（TTSC）对金融创新生命周期进行加权。其次，根据可再生能源投资的整数模式对 TTSC 进行排序。为此，决策试验和评估实验室（DEMATEL）考虑使用 q-rung 正对模糊集（q-ROFS）。然后使用直观模糊集和毕达哥拉斯模糊集进行了比较研究，我们发现所有模糊集的结果都相似。因此，建议的模型是可靠和连贯的。成熟期 1 是这些项目金融创新生命周期中最重要的阶段。老化期是可再生能源投资项目金融创新最重要的时期--可再生能源公司应在此阶段后做出战略决策。在这种情况下，决策应与激进创新或渐进创新有关。如果企业不在这些阶段做出决策，创新的金融产品就无法得到改进。因此，可再生能源企业不会优先选择融资产品。

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来源期刊

Financial Innovation Economics, Econometrics and Finance-Finance

CiteScore

11.40

自引率

11.90%

发文量

审稿时长

5 weeks

期刊介绍： Financial Innovation (FIN), a Springer OA journal sponsored by Southwestern University of Finance and Economics, serves as a global academic platform for sharing research findings in all aspects of financial innovation during the electronic business era. It facilitates interactions among researchers, policymakers, and practitioners, focusing on new financial instruments, technologies, markets, and institutions. Emphasizing emerging financial products enabled by disruptive technologies, FIN publishes high-quality academic and practical papers. The journal is peer-reviewed, indexed in SSCI, Scopus, Google Scholar, CNKI, CQVIP, and more.