International Journal of Finance & Banking Studies (2147-4486)最新文献

Examining the Effect of Economic Collison 检验经济碰撞的影响

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2022-02-14 DOI: 10.20525/ijfbs.v11i1.1578

Ardhiani Fadila, D. Pangestuti

引用次数: 1

Analysis of stock exchange risk and currency in South African Financial Markets using stable parameter estimation 用稳定参数估计分析南非金融市场的股票交易风险和货币

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2022-01-26 DOI: 10.20525/ijfbs.v11i1.1524

Kimera Naradh, R. Chifurira, Knowledge Chinhamu

{"title":"Analysis of stock exchange risk and currency in South African Financial Markets using stable parameter estimation","authors":"Kimera Naradh, R. Chifurira, Knowledge Chinhamu","doi":"10.20525/ijfbs.v11i1.1524","DOIUrl":"https://doi.org/10.20525/ijfbs.v11i1.1524","url":null,"abstract":"In the preceding decade, the South African economy has experienced challenges due to global disruptive events, hence, the implementation of risk mitigation strategies becomes a priority in volatile markets. Stable distributions account for skewness and heavy-tailed behaviour which are frequently observed in financial data. This study aims to investigate the fit of stable distributions for three FTSE/JSE indices and the USD/ZAR currency exchange rate. The maximum likelihood method was applied to fit Nolan’s -parameterization stable distribution. Value at Risk (VaR) is measure assessing market risk, therefore, VaR estimates and Kupiec likelihood test are applied to evaluate the extreme tail behaviour of the fitted stable model. Results show the robustness of stable distributions in the long and short position for each daily returns. This research validates the use of stable distributions aimed at capturing the characteristics financial data. Those concerned with curtailing losses and investigating alternatives for financial modeling in the South African financial industry may benefit the most by using stable distributions.","PeriodicalId":225020,"journal":{"name":"International Journal of Finance & Banking Studies (2147-4486)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129923250","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

An Efficient Estimation Technique for investigating Economic Growth and its Determinants for Nigeria in the Presence of Multicollinearity 多重共线性存在下尼日利亚经济增长及其决定因素的有效估计技术

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2022-01-26 DOI: 10.20525/ijfbs.v11i1.1549

A. Ebiwonjumi, R. Chifurira, Knowledge Chihamu

{"title":"An Efficient Estimation Technique for investigating Economic Growth and its Determinants for Nigeria in the Presence of Multicollinearity","authors":"A. Ebiwonjumi, R. Chifurira, Knowledge Chihamu","doi":"10.20525/ijfbs.v11i1.1549","DOIUrl":"https://doi.org/10.20525/ijfbs.v11i1.1549","url":null,"abstract":"This study aimed to investigate economic growth (RGDP) and its determinants such as internal debt (INDT), external debt (EXDT), interest rate (RINR), exchange rate (REXR) and trade openness (OPEN). Quarterly data from 1986-2021 used for this investigation were extracted from Central Bank of Nigeria. Exploratory data analysis (EDA) revealed linear dependence of RGDP and the aforementioned determinants. The EDA and the variance inflation factor revealed the presence of multicollinearity caused by the INDT. As a result of this, the ridge regression method was used and it was found that the multicollinearity problem was addressed with appropriate ridge constant K= 0.29. Hence, ridge regression technique with constant K= 0.29 was a robust method to predict economic growth in Nigeria using the explanatory variables under consideration. Thus, served as a great benefit to the policy makers as the study provided a better understanding of the economic growth and the aforementioned determinants in terms of relationship and in particular the set back caused by EXDT on the economy of Nigeria. Also, the researchers benefited from this study as it engendered the understanding of the appropriate estimation technique to be used when the presence of multicollinearity was established in fitting a linear model. ","PeriodicalId":225020,"journal":{"name":"International Journal of Finance & Banking Studies (2147-4486)","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127085270","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

An analysis of the factors affecting the financial inclusion in Côte d’Ivoire 影响Côte科特迪瓦普惠金融的因素分析

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2022-01-19 DOI: 10.20525/ijfbs.v11i1.1539

S. Coulibaly

{"title":"An analysis of the factors affecting the financial inclusion in Côte d’Ivoire","authors":"S. Coulibaly","doi":"10.20525/ijfbs.v11i1.1539","DOIUrl":"https://doi.org/10.20525/ijfbs.v11i1.1539","url":null,"abstract":"The purpose of this study is to examine the drivers of the ownership and use of mobile accounts as compared to those of financial institution accounts in Côte d’Ivoire. In this perspective, individual level data from the Global Findex 2017 database were used to carry out simple probit and Heckman probit estimations. The results revealed that the ownership of mobile accounts is associated with determinants related to individuals in the least vulnerable strata of society (wealthier and more educated individuals and individuals in the labour force), while their use is associated with determinants related to individuals in the most vulnerable strata of society (women and individuals out of the labour force). On the other hand, the ownership and use of financial institution accounts are associated with the determinants related to individuals in the least vulnerable strata of society. Therefore, the delay between the financial institution accounts’ penetration rate and that of mobile accounts in Côte d’Ivoire may be explained by the greater use of mobile accounts by individuals in the most vulnerable strata of society, which represent the large share of the unbanked.","PeriodicalId":225020,"journal":{"name":"International Journal of Finance & Banking Studies (2147-4486)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125327927","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: 1

Implementing Public Accountant Professional Standards to Improve Audit Quality in Public Accountant Firms in East Java, Indonesia 实施公共会计专业标准提高印尼东爪哇会计师事务所审计质量

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2022-01-05 DOI: 10.20525/ijfbs.v11i1.1537

Indrayati, Sumiadji, Jaswadi

引用次数: 0

The interdependence of Fiscal and Monetary Policies in an Emerging economy 新兴经济体中财政和货币政策的相互依赖

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2022-01-04 DOI: 10.20525/ijfbs.v11i1.1483

Elizabeth Bucacos

引用次数: 1

Human Capital, Organizational Learning and Their Effects on Innovation Behavior and Performance of Banking Employees 人力资本、组织学习及其对银行员工创新行为和绩效的影响

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2022-01-02 DOI: 10.20525/ijfbs.v11i1.1533

E. Isa, Muafi Muafi

引用次数: 4

Accounting Information System Implementation and Compatibility with MSMEs Accounting Standards for Preparing Financial Statements at Micro, Small and Medium Enterprises (MSMEs) in Malang, East Java, Indonesia 在印尼东爪哇玛琅的中小微企业(MSMEs)编制财务报表的会计信息系统的实施和与会计准则的兼容性

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2021-12-09 DOI: 10.20525/ijfbs.v10i4.1493

I. Indrayati

引用次数: 0

Trade Balance and Oil Shocks in African Oil Exporting Countries 非洲石油出口国的贸易平衡与石油冲击

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2021-12-08 DOI: 10.20525/ijfbs.v10i4.1499

Nenubari John Ikue, Ph.D, Lamin Magaji, Samuel Zeb-Omoni, Mohammed A. M. Usman, Joseph Denwi

{"title":"Trade Balance and Oil Shocks in African Oil Exporting Countries","authors":"Nenubari John Ikue, Ph.D, Lamin Magaji, Samuel Zeb-Omoni, Mohammed A. M. Usman, Joseph Denwi","doi":"10.20525/ijfbs.v10i4.1499","DOIUrl":"https://doi.org/10.20525/ijfbs.v10i4.1499","url":null,"abstract":"This paper is driven by the vast influence oil money have on the current account balance of major oil producing countries in Africa and the role policy measures could play to soften these effects. Dwelling on the nonlinear techniques, two types of Threshold Regression were used to estimate data on 8 African countries from 1995-2019. The results show evidence of nonlinear impacts of oil revenue on the current account balances of the 8 countries. The nature of the impact relies significantly on the levels of the threshold variable. Precisely, the estimated threshold benchmark for financial development was 33.34; below this threshold the sensitivity of current account balance to crude-oil shocks is higher and the probability of policy measures to mitigate the effects is low and, beyond the threshold the sensitivity of current account balance to crude-oil shocks is low and the probability of policy measure to mitigate the effects is higher. The finding suggested among others that crude-oil shocks is not the primary problem of the current account imbalance of oil-exporting countries rather the nature of the domestic economic policy environment.","PeriodicalId":225020,"journal":{"name":"International Journal of Finance & Banking Studies (2147-4486)","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115060643","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

Leveraging the Post Office Network to Foster Financial Inclusion 利用邮政网络促进普惠金融

International Journal of Finance & Banking Studies (2147-4486) Pub Date : 2021-12-03 DOI: 10.20525/ijfbs.v10i4.1488

Steven Kayambazinthu Msosa

{"title":"Leveraging the Post Office Network to Foster Financial Inclusion","authors":"Steven Kayambazinthu Msosa","doi":"10.20525/ijfbs.v10i4.1488","DOIUrl":"https://doi.org/10.20525/ijfbs.v10i4.1488","url":null,"abstract":"Financial inclusion has become a topic of discussion in emerging and developing nations since the majority of people continue to lack access to either formal or informal financial services. In many countries, the post office is seen as a vehicle for financial inclusion due to its extensive network. In addition, with the decline in sales of their core business, traditional mail has exacerbated the need for the post office to venture into financial services whilst simultaneously answering the call to bridge the gap in society, especially for the un-banked and under-banked communities. Moreover, there is a need for post-offices to protect their long-term vitality as a business. This paper provides a theoretical perspective of financial inclusion, the role that the post office can play and the challenges preventing an effective rollout of financial services. This review can help postal managers, governments and policy-makers to understand how they can effectively use the post office to serve the un-banked communities. In addition, the study has enriched the academic discourse by providing literature on postal financial services and financial inclusion.","PeriodicalId":225020,"journal":{"name":"International Journal of Finance & Banking Studies (2147-4486)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115394156","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