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Entropy-Based Waspas approach for financial performance in the COVID-19 era: Evidence from Islamic countries 基于熵的新冠肺炎时代财务绩效的Waspas方法:来自伊斯兰国家的证据
Financial Internet Quarterly Pub Date : 2023-09-01 DOI: 10.2478/fiqf-2023-0018
Hilal H. Erdogan
{"title":"Entropy-Based Waspas approach for financial performance in the COVID-19 era: Evidence from Islamic countries","authors":"Hilal H. Erdogan","doi":"10.2478/fiqf-2023-0018","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0018","url":null,"abstract":"Abstract The purpose of this study is to compare financial performance of the Islamic banks in the COVID-19 Era. The performance evaluation was conducted on seven Islamic countries between 2017 and 2021. Entropy Method was utilized to choose the best performance evaluation criteria affecting the Islamic banks’ performance and Waspas Method was used to determine the best performing Islamic country. The results indicate that ‘liquid assets to short-term liabilities’ is the best performance criteria for Islamic banks during the ‘whole period’, ‘no pandemic period’ and ‘pandemic period’. Additionally, while the Islamic country with the best performance was Bangladesh during ‘no pandemic period’, Turkey was the leading Islamic country for both ‘whole period’ and ‘pandemic period’.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135641369","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
Risk assesment as a stage of risk management in enterprise in tourism sector 风险评估是旅游企业风险管理的一个阶段
Financial Internet Quarterly Pub Date : 2023-09-01 DOI: 10.2478/fiqf-2023-0017
Plamena Nedyalkova
{"title":"Risk assesment as a stage of risk management in enterprise in tourism sector","authors":"Plamena Nedyalkova","doi":"10.2478/fiqf-2023-0017","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0017","url":null,"abstract":"Abstract Risk management is a complex process that requires company managers to have very good knowledge of its organizational structure on the one hand and on the other hand, in order to achieve a good management, it is necessary for the respective manager to have sufficient long-term experience during which the manager has monitored the processes of company management and its susceptibility and change under the influence of various factors. The overall risk management process goes through three main stages: identification of risks, analysis and assessment of risks and risk monitoring. Each stage is a compilation of complex procedures through which the problems and risks for the respective enterprise are determined and overcome. For this reason, the strictness, importance and significance of each stage cannot be accurately determined. Due to the limited scope of the article, the research is focused only on one of the main problems in risk management, namely the study of the standard deviation of the risk in the process of assessing and analyzing the risks in tourism sector enterprises. The article has the following structure: Introduction, References review, Methodology, Results and Discussion. Two hypotheses are presented for testing and research. Proving these two hypotheses through the application of the mathematical toolkit for risk assessment gives the innovativeness of the article and its authorial identity, which distinguishes it from other publications in the field of tourism sector. The obtained results of this article can serve the managers of tourism companies to improve their work in the management of hotels. The process of identifying, testing, evaluating and analyzing risks is complex, requiring managers to have sound knowledge of finance, accounting, economics and management. This article can provide them with guidance for solving specific problems and making managerial decisions about risk management.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135641367","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
Games in a foreign exchange market and solutions 外汇市场游戏及解决方案
Financial Internet Quarterly Pub Date : 2023-09-01 DOI: 10.2478/fiqf-2023-0020
Reza Habibi
{"title":"Games in a foreign exchange market and solutions","authors":"Reza Habibi","doi":"10.2478/fiqf-2023-0020","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0020","url":null,"abstract":"Abstract Exchange rate and its related risk management are too important for main participants in foreign exchange markets. There are many approaches developed in the literature for studying risk management say arbitrage detection, say finding replication portfolio. However, in the current paper, arbitrage opportunities are studied using the game theory perspective. This paper proposes different types of games played in a specified foreign exchange market in the presence of three exchange rates. Proposed games are exchange rate games in two cases of no arbitrage and existence of arbitrage, optimal stopping game, the arbitrage game, threshold strategies used in global game and Non-cooperative exchange rate game. Most of cases, the bang-bang rule of optimal control is used for finding the Nash equilibriums (NE). However, simulated and stochastic approximation (SA) solutions are also given. Most highlights of the current paper are: (I) considering two types of arbitrage opportunities, simultaneously, (II) translating arbitrage detection as game theory concepts, (III) solving the problem using techniques of optimal control theory. Finally concluding remarks are proposed.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135641373","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
Impact of the unconditional basic income on the professional situation of women 无条件基本收入对妇女职业状况的影响
Financial Internet Quarterly Pub Date : 2023-06-01 DOI: 10.2478/fiqf-2023-0009
M. Kowalska
{"title":"Impact of the unconditional basic income on the professional situation of women","authors":"M. Kowalska","doi":"10.2478/fiqf-2023-0009","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0009","url":null,"abstract":"Abstract Unconditional basic income (UBI) is one of the instruments directly impacting its beneficiaries and their situation in the labor market. The most critical aspects of UBI’s impact on the labor market include labor supply and demand, the bargaining power of employees and the situation of employers, and the recognition of socially beneficial work as equivalent to gainful employment. The study aims to analyze the declared impact of the unconditional basic income on the professional situation of one of the groups of its beneficiaries - women whose bargaining power as employees is weakened and who perform socially beneficial housework. The study included in -depth interviews with four women who were on maternity leave. The results showed that UBI influences the position of the employee in the labor market, weakens employers and positively affects employees. The key issue for the respondents is the UBI amount, because a relatively small amount would be treated as additional income. UBI could strengthen the position of mothers with young children, provide greater psychological comfort and enable more effective forms of work, such as remote or part-time work.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124583176","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
Impact analysis of the factors influencing the development of the alternative finance market in Moldova 摩尔多瓦另类金融市场发展影响因素的影响分析
Financial Internet Quarterly Pub Date : 2023-06-01 DOI: 10.2478/fiqf-2023-0014
Andrei Paslari
{"title":"Impact analysis of the factors influencing the development of the alternative finance market in Moldova","authors":"Andrei Paslari","doi":"10.2478/fiqf-2023-0014","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0014","url":null,"abstract":"Abstract The emergence of a decentralized peer-to-peer platforms that matches lending and borrowing without collateral requirements and bank lending channels allowed to develop the new market of alternative financial instruments. In this paper, we aim to analyze the origins and nature of alternative finance, consolidate, and categorize the theoretical foundation of the alternative finance market, determine the taxonomy of its instruments, and identify and critically analyze the strategies and legislative framework for the development and functioning of the alternative finance market in the Republic of Moldova. The theoretical and practical significance of this research lies in the development of an econometric model that examines the influence of various groups of factors (regulatory, social, economic development, information technology) on the per capita volume of the alternative finance market. The obtained data enabled the identification of priority areas and specific proposals for the development of conditions and the potential of alternative finance in the Republic of Moldova.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126282559","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
The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS 采用国际财务报告准则对转型国家经济增长的影响:来自独联体的证据
Financial Internet Quarterly Pub Date : 2023-06-01 DOI: 10.2478/fiqf-2023-0008
Mokhirakhon Abdullaeva, A. K. Kamrul Hasan, Feruza Yodgorova, Indira Khajieva, G. Nusratova
{"title":"The impact of IFRS adoption on economic growth in transition countries: Evidence from CIS","authors":"Mokhirakhon Abdullaeva, A. K. Kamrul Hasan, Feruza Yodgorova, Indira Khajieva, G. Nusratova","doi":"10.2478/fiqf-2023-0008","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0008","url":null,"abstract":"Abstract International financial reporting standards (IFRS) have become a worldwide common accounting language which most countries have adopted. However, there are no studies obtained based on transition economies in a particular geographic zone. Thus, this study is carried out to observe the influence of IFRS adoptation on the economic growth of 11 CIS countries from 2005 to 2018. To examine the actual effect of the variables, the regression model was divided into two sub-models based on the category of variables. There is a difference between the economic growth in adopted and non-adopted states. The adoption of IFRS showed negative and insignificant relation to GDP per capita. The number of observations after fully adopting IFRS was low, the data on IFRS adoption was challenging, and an advanced econometric model should be selected. The study compared CIS results with Eastern European countries to see a clear pattern and generate an efficient suggestion for policy implementation. The policy implementations related to Uzbeki-stan were also provided.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"34 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116407522","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
Bank failure risk: A study on Silicon Valley Bank, Signature Bank, and Silvergate Capital Corporations 银行倒闭风险:硅谷银行、签名银行和银门资本公司的研究
Financial Internet Quarterly Pub Date : 2023-06-01 DOI: 10.2478/fiqf-2023-0011
Çağrı Hamurcu
{"title":"Bank failure risk: A study on Silicon Valley Bank, Signature Bank, and Silvergate Capital Corporations","authors":"Çağrı Hamurcu","doi":"10.2478/fiqf-2023-0011","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0011","url":null,"abstract":"Abstract This study investigates whether the ratio of long-term investment to total assets, the ratio of cash on hand to total assets, and the ratio of price-to-earnings are risk indicators for bank failures. Silicon Valley Bank (SVB), Signature Bank, and Silvergate Capital Corp., which experienced bank failure, and banks that are among the 20 largest banks in the USA are analyzed with the panel data method. Analyses were made using quarterly data between 2003Q4 and 2022Q4. It is revealed that the long-term investment to total assets ratio increases the bank failure risk. The risk of bank failure varies negatively with the cash on hand to total assets ratio. Bank failure risk rises as the price-to-earnings ratio rises. In terms of revealing the factors influencing the risk of bank failure and possible consequences, it is expected that the findings obtained could contribute to the literature.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122693909","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
Environmental, social, and governance scores and earnings management in telecommunication companies: An international perspective 电信公司的环境、社会和治理得分与盈余管理:国际视角
Financial Internet Quarterly Pub Date : 2023-06-01 DOI: 10.2478/fiqf-2023-0010
G. Acar, A. Coşkun
{"title":"Environmental, social, and governance scores and earnings management in telecommunication companies: An international perspective","authors":"G. Acar, A. Coşkun","doi":"10.2478/fiqf-2023-0010","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0010","url":null,"abstract":"Abstract This study investigates the relationship between environmental, social, and governance (ESG) scores and potential tendencies to manipulate the earnings of telecommunication companies. We assumed a negative relationship between ESG scores and earnings management since the companies with higher ESG are more responsible and expected to prevent manipulation. We used ESG scores from Refinitiv as sustainability measures and discretionary accruals as the indicator of earnings management. We constructed models assuming a bilateral relationship between ESG and earnings. The results reveal that companies with higher environmental scores have higher dispersion from normal accruals; this may result for two reasons in our anticipation: they may record more accruals depending on environmental regulations and may use environmental scores to make up their earnings. Social and governance scores have a negative impact on discretionary accruals, which are insignificant. Hence companies with higher social responsiveness and strong governance produce reliable financial information.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131839772","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
Sources of uncertainty and their impact on stock prices evidence from emerging economies 不确定性的来源及其对股价的影响来自新兴经济体
Financial Internet Quarterly Pub Date : 2023-06-01 DOI: 10.2478/fiqf-2023-0012
Noman Nazir, Z. Bashir, Syed Usman Izhar, Yasir Jamshed
{"title":"Sources of uncertainty and their impact on stock prices evidence from emerging economies","authors":"Noman Nazir, Z. Bashir, Syed Usman Izhar, Yasir Jamshed","doi":"10.2478/fiqf-2023-0012","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0012","url":null,"abstract":"Abstract This study investigates the short- and long-term effects of various sources of uncertainty on the share prices of key exchanges in emerging nations. The sample comprises monthly time series data from January 2017 to December 2021 for China, India, Russia, and Brazil. The study contains a version of Autoregressive-Distributive-Lag (ARDL) with error correction as well as other relevant approaches to time series. Economic policy, climate policy, pandemics, and Twitter-based uncertainty may cause a long-term decline in SSE (Shanghai Stock Exchange) composite index and BSE (Bombay Stock Exchange) Sensex index. In China, geopolitical, climatic, and pandemic uncertainty are short-term sources of uncertainty, and in India, economic policy, geopolitical, and pandemic uncertainty. Moreover, no sources of uncertainty have a long-term impact on Russia’s Moscow Exchange (MOEX) index. All sources except climate uncertainty are short-term MOEX index contributors. Pandemics and Twitter-based uncertainty are long-term sources, whereas economic policy and Twitter-based uncertainty are short-term sources for Brazilian Stock Exchange (BOVESPA) Index. This research adds to the literature by examining the relationship between distinct sources of uncertainty and an emerging market share prices index. It provides the behavior of leading share price indexes in the presence of uncertainty. The study’s conclusions only apply to emerging economies. Future research may take into account a panel dataset consisting of a large number of emerging nations to examine the same set of variables.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"280 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114947360","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
Examining the impact of rural finance development on farmers’ incomes in business context. Evidence from “The Belt and Road” from key provinces 考察商业背景下农村金融发展对农民收入的影响。来自重点省份的“一带一路”证据
Financial Internet Quarterly Pub Date : 2023-06-01 DOI: 10.2478/fiqf-2023-0013
Lin Qiu-Bin, Esra Sipahi Döngül, Shajara Ul-Durar
{"title":"Examining the impact of rural finance development on farmers’ incomes in business context. Evidence from “The Belt and Road” from key provinces","authors":"Lin Qiu-Bin, Esra Sipahi Döngül, Shajara Ul-Durar","doi":"10.2478/fiqf-2023-0013","DOIUrl":"https://doi.org/10.2478/fiqf-2023-0013","url":null,"abstract":"Abstract The gradual increase in the world population has a significant impact on businesses, productivity, and financial development in the context of rural life. As the population continues to grow, there is increasing pressure on farming systems to produce more food to meet the growing demand. In addition, the growing population can lead to an increased demand for natural resources such as water, land, and forests. This can create challenges for rural communities that depend on these resources for their livelihoods. In this study, it was determined as a problem that the financial system deepened in regions where the savings base was not large enough and the level of savings was not at the desired level. In this context, since improving the management of the rural labor structure and increasing investments in science and technology can also increase farmers’ incomes, the study aims to deepen rural financial reform and increase the efficiency of the financial system in business management. In the study, the key provinces of “The Belt and Road” (except Chongqing and Tibet) were considered as research objects and 2000-2015 annual panel data were used to analyze the threshold regression model. According to the research findings, when the threshold of financial development efficiency is variable, the growth of farmers’ incomes in general is prevented, when the scale of financial development is variable, the effect on farmers’ incomes gradually changes from negative to positive. In line with these findings, it is recommended to strengthen the quality of education of rural workers and promote the integration of urban and rural areas, increase investments in agricultural science and technology, and improve the service system of agricultural science and technology.","PeriodicalId":213695,"journal":{"name":"Financial Internet Quarterly","volume":"187 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126453651","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
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