New Challenges in Accounting and Finance最新文献_第2页

Effects of Risk Taking on the Market Share of SMEs in Ado-odo/Ota, Local Government Area, Ogun State, Nigeria 风险承担对尼日利亚奥贡州地方政府区Ado-odo/Ota中小企业市场份额的影响

New Challenges in Accounting and Finance Pub Date : 2022-03-01 DOI: 10.32038/ncaf.2022.07.01

Henry E. Samuel, Olugbemisola W. Samuel

{"title":"Effects of Risk Taking on the Market Share of SMEs in Ado-odo/Ota, Local Government Area, Ogun State, Nigeria","authors":"Henry E. Samuel, Olugbemisola W. Samuel","doi":"10.32038/ncaf.2022.07.01","DOIUrl":"https://doi.org/10.32038/ncaf.2022.07.01","url":null,"abstract":"In Nigeria, small and medium‐sized businesses are often regarded as a powerful engine for economic growth and development. Small businesses must take measured risks in order to grow their market share. For SMEs to build a robust market share there is need for calculated risk taking. Hence, this study examined the effect of risk taking on market share of selected SMEs in Ado‐odo/Ota, Ogun state. This survey included 153 respondents who were either firm owners, managers, supervisors, or employees of selected SMEs. The frequency distribution table and the multiple regression technique were used in SPSS version 23 for the analysis. According to the findings, more than half of the SMEs (115, 77.2 %) have only been in business for less than five years and are predominantly (52, 34.9%) in the age range 33‐37. The data also demonstrate that there is a link between taking risks and a small business's market share. The R‐value was 0.58, indicating that the risk indicators used in the study explained 58 % of the variation in the outcome variable. The F‐statistic was 18.3; P=0.000, according to the ANOVA table. This suggests that the four risk indicators have a huge impact on market share when taken together. Among the four factors, willingness to pursue a promising new strategy (t-statistic= 7.8; p 0.01) and ability to foster a risk‐taking culture in the workplace (t‐statistic = 2.2; p0.05) had the greatest impact on employee satisfaction.","PeriodicalId":180391,"journal":{"name":"New Challenges in Accounting and Finance","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114834653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Diversification Benefits of European REIT, Equities and Bonds 欧洲房地产投资信托基金、股票和债券的多元化收益

New Challenges in Accounting and Finance Pub Date : 2021-11-01 DOI: 10.32038/ncaf.2021.06.03

Cherif Famara Badji, C. Benetti, R. Guimaraes

{"title":"Diversification Benefits of European REIT, Equities and Bonds","authors":"Cherif Famara Badji, C. Benetti, R. Guimaraes","doi":"10.32038/ncaf.2021.06.03","DOIUrl":"https://doi.org/10.32038/ncaf.2021.06.03","url":null,"abstract":"This study aims to demonstrate the benefits related to the inclusion of European REIT in a portfolio of stocks and bonds traded on European markets. Major studies of the portfolio’s diversification those considered REIT was carried out on the American real estate market. Therefore, this research project aims to extend the work to the European scale by forming a mixed pan‐European REIT portfolio. The database is composed of monthly dividend‐adjusted closing prices, over the past 11 years, from different stock indexes collected during eleven years of different European market indexes. Four hypothetic portfolios were constructed to test our hypothesis. Descriptive statistics and correlations were presented. Therefore, the results have shown that European REIT has reduced the risk of a mixed portfolio even if the risk reduction is very limited. The same is true for the portfolio’s return, which was slightly improved. The study showed that European REIT remains a factor of diversification that should not be overlooked in building an asset portfolio. These findings contribute to the existing portfolio theory arguing that using REITs in portfolio diversification helps investors dilute their risk and improve their returns. Our results also have practical implications. They can be useful to investors and financial analysts in their investment decisions by shedding light on this type of asset.","PeriodicalId":180391,"journal":{"name":"New Challenges in Accounting and Finance","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134266289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

The Impact of Establishing Capital Market on Ethiopian Commercial Banks 建立资本市场对埃塞俄比亚商业银行的影响

New Challenges in Accounting and Finance Pub Date : 2021-09-01 DOI: 10.32038/ncaf.2021.06.04

Teferi Girma Bekele

{"title":"The Impact of Establishing Capital Market on Ethiopian Commercial Banks","authors":"Teferi Girma Bekele","doi":"10.32038/ncaf.2021.06.04","DOIUrl":"https://doi.org/10.32038/ncaf.2021.06.04","url":null,"abstract":"The paper analysed the implication of establishing the capital market on commercial banks operating in Ethiopia. The study aimed to identify its potential opportunities and main challenges to banks, to see how the capital market is operating in other African countries and to show the necessary preconditions to commercial banks to prepare themselves. The research method employed in the study had both qualitative and quantitative features, and the research was conducted using a mixed research method. Primary data was collected from focus group discussions with experts that have experience in the area, and, furthermore, secondary data were collected from literature and websites. The findings of the study identified the major risk of the capital market to the economy like economic risk to investments, inflationary/deflation risk, market value risk, being too conservative and political crisis by relating with the current situation of country regulation power. The study also investigated the major opportunities of the capital market to meet the financial need for the economy and how it can work with commercial banks. Besides, the study investigated its challenges to commercial banks working with security exchange companies. Many literature analyses confirmed the reputation of capital markets comparative to banks, which cannot explain across-countries deviation in economic growth. And it is better to establish a well-functioning legal framework, which plays a vital role in creating a healthy financial system. The study recommended that commercial banks should modify their business models and create products related to the investment bank and product differentiation that captures the mode of the capital market. And it is better for the commercial banks to empower their human resource, and they shall aggressively work on technology adaptation, work highly on awareness creation for all internal and external customers. Banks’ capital increment should be made before the security market is established to minimise any risk that may come with it.","PeriodicalId":180391,"journal":{"name":"New Challenges in Accounting and Finance","volume":"478 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116167634","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Reflections of the Consistency of the Public Sector's Financial Statements in the Performance of Fiscal Management 公共部门财务报表一致性在财政管理绩效中的思考

New Challenges in Accounting and Finance Pub Date : 2021-06-01 DOI: 10.32038/ncaf.2021.06.02

Omar Pires Dias, Aziz Xavier Beiruth

引用次数: 0

Symmetric Prudence in New Definitions of Conceptual Framework for Financial Reporting 财务报告概念框架新定义中的对称审慎

New Challenges in Accounting and Finance Pub Date : 2021-03-01 DOI: 10.32038/NCAF.2021.05.03

Shkulipa Liudmyla

{"title":"Symmetric Prudence in New Definitions of Conceptual Framework for Financial Reporting","authors":"Shkulipa Liudmyla","doi":"10.32038/NCAF.2021.05.03","DOIUrl":"https://doi.org/10.32038/NCAF.2021.05.03","url":null,"abstract":"Since the version of the Conceptual Framework for Financial Reporting is revised, the interest in accounting concepts that are fundamental in financial reporting has been growing. The purpose of this article is to investigate the evolutionary logic of prudence in the definitions and recognition criteria of assets and liabilities, the causes and consequences of new changes in the Conceptual Framework of 2018. As a result, it was obtained that different interpretations of probability and asymmetric asset and liability identification caused the new changes. The reconciliation between the intentions of new asset and liabilities definitions and their correct understanding results has been illustrated. The new complication in defining obligation such as “no practical ability to avoid” was found. In conclusion, we constant the new definitions as the positive consequence from a psychological point of view, simplifying individuals judgments, as from a conceptual point of view, leading to the common understanding and improvements of qualitative characteristics of financial information. The direct evidence of conceptual improvement is symmetric prudence as support of financial statements’ fundamental qualitative characteristics – faithful representation.","PeriodicalId":180391,"journal":{"name":"New Challenges in Accounting and Finance","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126648601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A New Approach for Complementing the Earned Value Method for Project Progress Monitoring and Controlling 项目进度监控中挣值法的一种补充方法

New Challenges in Accounting and Finance Pub Date : 2019-10-01 DOI: 10.32038/ncaf.2019.02.02

Ali M. Fayad, Bassam A. Hussein, M. Hajj-Hassan, A. Haj-Ali

引用次数: 0

Models of Analysis of the Social Security System’s Financial Balance 社会保障制度财政平衡分析模型

New Challenges in Accounting and Finance Pub Date : 2019-09-01 DOI: 10.32038/NCAF.2019.02.01

Ana Carp

引用次数: 0

The New Approach for Risk Regulation in Banks 银行风险监管的新途径

New Challenges in Accounting and Finance Pub Date : 2019-01-28 DOI: 10.17265/1537-1506/2019.01.003

Daniela Feschiyan, Radka Andasarova

{"title":"The New Approach for Risk Regulation in Banks","authors":"Daniela Feschiyan, Radka Andasarova","doi":"10.17265/1537-1506/2019.01.003","DOIUrl":"https://doi.org/10.17265/1537-1506/2019.01.003","url":null,"abstract":"The purpose of this report is to present the necessity of proceeding to new reforms in bank regulation and to increase the stability and risk sensitivity of the capital base under applying the Standardised Credit Risk Assessment Approach (SCRA) in banks. The dynamics in the bank regulation and supervision of credit risk assessment approaches are explored. In the paper, a thorough theoretical-methodological and historical-logical analysis was made of the evolution of the development and chronology of the global regulatory frameworks for banks - Basel 1, Basel 2 and Basel 3. The contemporary projections and challenges for the banks' management under the new regulatory and institutional changes are presented. The SCRA is a positive asset in bank capital regulation in contemporary banking. The revisions to the regulatory framework – Basel 3 by is a long continuous process influenced by numerous economic, social and political factors. The preparation of the Bulgarian banking system for a new reform of financial regulation is analyzed. The need for adoption of a new risk-based approach for capital assessment and the importance of transparency in bank financial reporting is proved.","PeriodicalId":180391,"journal":{"name":"New Challenges in Accounting and Finance","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125229557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Testing Technical Trading Rules: Evidence from SAARC Countries 测试技术交易规则:来自南盟国家的证据

New Challenges in Accounting and Finance Pub Date : 2018-08-01 DOI: 10.32038/ncaf.2018.01.01

Faisal Anees, Shujahat Haider Hashmi, Muhammad Asad

{"title":"Testing Technical Trading Rules: Evidence from SAARC Countries","authors":"Faisal Anees, Shujahat Haider Hashmi, Muhammad Asad","doi":"10.32038/ncaf.2018.01.01","DOIUrl":"https://doi.org/10.32038/ncaf.2018.01.01","url":null,"abstract":"Technical analysis is widely accepted tool in professional place which is frequently used for investment decisions. Technical analysis beliefs that there exist patterns and trends and by capturing trends and patterns one can bless with above average profits. We test two technical strategies: Moving averages and Trading Range to question, either these techniques can yield profitable returns with the help of historical data. Representative daily indices of Four countries namely Pakistan, India, Srilanka, Bangladesh ranging from 1997 to 2011 have been examined. In case of Moving Average Rule, both simple and exponential averages have been examined to test eleven different short term and long term rules with and without band condition. Our results delivered that buy signals generate consistent above average returns for the all sub periods and sell signals generate lower returns than the normal returns. Intriguing observation is that Exponential average generates higher returns than the Simple Average. The results of Trading Range Break strategy are parallel with Moving average Method. However, Trading Range Strategy found not to give higher average higher return when compared with Moving Averages Rules and degree of volatility in returns is higher when compared with moving Average rule. In attempt to conclude, there exist patterns and trends that yield above average and below average returns which justify the validity of technical analysis.","PeriodicalId":180391,"journal":{"name":"New Challenges in Accounting and Finance","volume":"IA-23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126566730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0