Methodologies utilized in AI and bias banking and finance research
| Research type and method | Frequency | Exemplary articles |
|---|---|---|
| Conceptual | 7 | Hasan et al. (2022) |
| Review | 1 | Cao and Zhang (2025) |
| Qualitative | ||
| 6 | Li and Goel (2025) |
| 2 | Millo et al. (2024) |
| 2 | Diniz et al. (2024) |
| 1 | Yardi (2024) |
| Quantitative | ||
| 7 | Liu et al. (2024), Bin-Nashwan et al. (2025) |
| 2 | Liu et al. (2024) |
| 38 | Packin and Lev-Aretz (2024), Amaral et al. (2023), Tubadji et al. (2021) |
| 3 | Peng et al. (2022) |
| 36 | Chomczyk Penedo and Trigo Kramcsak (2023), Carbó-Valverde et al. (2025), Schultz and Fabozzi (2022) |
| 5 | Bhatia et al. (2020) |
| 3 | Zhang et al. (2022) |
| 1 | Chen et al. (2023) |
| 1 | Li et al. (2024) |
| 1 | Nguyen (2024) |
| 1 | Momtaz (2021) |
| 1 | Eilers et al. (2014) |
| Research type and method | Frequency | Exemplary articles |
|---|---|---|
| Conceptual | 7 | |
| Review | 1 | |
Interviews | 6 | |
Ethnographic analysis | 2 | |
Secondary source analysis (website content, reports, news, articles) | 2 | |
Hypothetical situation analysis | 1 | |
SEM, PLS-SEM | 7 | |
ANOVA | 2 | |
Regression techniques (binary logistic, OLS, classification of regression trees, linear mixed-effects, linear probability, logistic, panel, Poisson, penalized, univariate quantile, bivariate probit) | 38 | |
| 3 | ||
Machine learning and AI-based predictive models (artificial neural network, support vector machine, decision tree, random forest, gradient boosting methods, causal forest, k-prototype clustering, ML dimensionality reduction, anomaly detection techniques, reject inference, object selection algorithm, LDA) | 36 | |
Structural and interpretive modeling (integrated statistical method, interpretive structural modeling, MICMAC, latent analysis) | 5 | |
Numerical experiment | 3 | |
Counterfactual analysis | 1 | |
Difference-in-differences (DID) strategy | 1 | |
Randomized controlled trials | 1 | |
Reciprocal hazard rate models (RHRMs) | 1 | |
Reinforcement learning | 1 | |
Note(s): Total frequency exceeds the total number of articles (65) since certain articles apply more than one method
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