New issue of the Risk Governance and Control: Financial Markets & Institutions journal
The editorial team of Virtus Interpress is honoured to release the last issue of the journal Risk Governance and Control: Financial Markets & Institutions in 2025. The issue is represented by studies from the USA, Australia, Malaysia, Egypt, Saudi Arabia, Türkiye, Morocco, Indonesia, China, and South Africa.
This issue comprises a series of separate contributions that analyse recent trends and emerging challenges in corporate governance, risk management and compliance within financial and non-financial institutions, emphasising their role in promoting financial stability and economic growth.
The current issue adds significant value to the existing body of research by bridging the gap between advanced quantitative risk analysis and the socio-institutional frameworks of governance. While traditional literature often treats financial stability as a product of either strict regulation or mathematical precision in isolation, the papers collected here argue for a synergetic approach. By exploring the nexus of digital innovation (DeFi, FinTech), ethical-behavioural dimensions, and macroeconomic asymmetries, this issue provides a rigorous conceptual architecture for interpreting the structural complexities of the modern global financial landscape.
The full issue of the journal is available at the following link.
Esin Benhür Aktürk and Mustafa Özyeşil integrate bioinformatics-inspired optimisation techniques — genetic algorithms and artificial ant colonies— with support vector machines and deep learning models to enhance financial data analysis.
Hamid El Boudaly, Bouchaib Marnouch, and Abdelbari El Khamlichi focus on a systematic literature review of the main studies dealing with the adoption of Takaful insurance, aiming to provide a comprehensive understanding of the elements shaping individuals’ intention to adopt this form of insurance.
Ahmad Saiful Azlin Puteh Salin, Zubaidah Ismail, Malcolm Smith, Suryani Abdul Raman, Norliana Omar, and Siti Marlia Shamsudin determine the relationship between risk management practices and the internal audit function with the performance of companies.
Ahmed Salman Almahuzi aims to identify the effect of internal audit on enhancing the quality of financial reports in the government institutions of Saudi Arabia and the mediating role of risk management.
Tsurayya Rafa Attaqiyya and Dadang Lesmana examine the effect of bank competition and economic freedom on bank lending, with particular attention to their governance and regulatory implications.
Adilah A. Wahab, Siti Aisah Bohari, and Pick-Soon Ling investigate the impact of FinTech on financial literacy and financial development across 119 countries, using data from the Global Financial Inclusion Database for 2014, 2017, and 2021.
Abdullah Faraj Al Dossari evaluates the effectiveness of the current legal enforcement framework in the Saudi financial market and its role in managing financial risks and protecting investors.
Xiaomin Huang and Fathin Faizah Said employ a systematic literature review approach that adheres to PRISMA standards to assess the influence of FinTech on three bank performance indicators: operating efficiency, risk management, and customer service.
Hayam Wahba, Amr AbdulHamid, and Rania Pasha investigate how cognitive illusions, rooted in heuristics and prospect theory, influence individual investment decisions in the Egyptian Stock Exchange.
Jing Chen, Fakarudin Kamarudin, Bany Ariffin Amin Noordin, Lau Wei Theng, and Heng Luo examined the impact of macroprudential policies on Islamic banks and conventional banks’ efficiency in countries that meet a standard where 1 per cent share of Islamic banking assets is in their total domestic banking sector assets.
Mohammad Rifqi Mahardhika and Moch Doddy Ariefianto analyse the qualifying attributes of decentralised finance as a financial asset class, performing analysis on the relationship between DeFi valuation and selected influencing variables.
Sanderson Abel, Respect Kudzai Mauto, Leward Jeke, and Pierre Le Roux investigate the mediation role of inflation in the relationship between exchange rates and the interactions of money supply, interest rates, and economic growth.
Mfon Akpan assesses generative AI’s zero-shot forecasting capabilities using two large language model architectures, OpenAI’s GPT-4o, and Anthropic’s Claude 3.5 Sonnet, as they forecast stock prices.
Joanne Valesca Mangindaan, Hendrik Manossoh, and Olivia Fransiske Christine Walangitan examine the Indonesian stock market’s response to presidential elections, with a particular focus on the key events surrounding the 2019 and 2024 elections.
We thank all contributing authors for their rigorous research and we are pleased to share this issue as a reflection of the journal’s commitment to scholarly advancement and policy relevance.
