Journal of Applied Finance & Banking最新文献_第5页

The time-varying correlation between popular narratives and TRY/USD FX rate: Evidence from a DCC-GARCH model 流行叙事与TRY/USD汇率之间的时变相关性:来自DCC-GARCH模型的证据

Journal of Applied Finance & Banking Pub Date : 2023-05-19 DOI: 10.47260/jafb/1343

Kazım Berk Küçüklerli, Veysel Ulusoy

{"title":"The time-varying correlation between popular narratives and TRY/USD FX rate: Evidence from a DCC-GARCH model","authors":"Kazım Berk Küçüklerli, Veysel Ulusoy","doi":"10.47260/jafb/1343","DOIUrl":"https://doi.org/10.47260/jafb/1343","url":null,"abstract":"Abstract\u0000\u0000Understanding the effects of people's interactions on social media on economic fluctuations is essential for analyzing economic dynamics and making predictions. ‘Time-varying’ and ‘time-scale dependent’ volatilities between tweets sent from Turkey containing the terms \"economic crisis\", \"inflation\", \"unemployment\", \"economic recession\", \"#dolar\" (also their lagged series), and TL/USD FX rate was examined with dynamic conditional correlation (DCC) GARCH model. 7.402.035 Tweet data were used for the study, and their count was averaged between the dates 01.10.2020 and 11.03.2022, and a time series of 15, 30 and 60 minutes was obtained. These series of tweets were compared with the USD/TL FX rate data for the same periods. The results show that examining -delayed relationships of up to 10 lags- 6th and 10th lag of 60 min frequency Twitter data have high level of conditional correlations with TL/USD FX rate. However, except for these series 12 of that is not dynamic but a CC process and for 105 series are statistically not significant to explain CC and DCC relationship.\u0000\u0000JEL classification numbers: G12, G17, G41.\u0000Keywords: Twitter narratives, DCC-GARCH, USD/TL FX rate, narrative economics.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129004068","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 Principal Component Analysis of Digital Banking Development in Taiwan 台湾数位银行发展之主成分分析

Journal of Applied Finance & Banking Pub Date : 2023-05-15 DOI: 10.47260/jafb/1342

Meiyin Lin, Fu-Hsiang Kuo

{"title":"A Principal Component Analysis of Digital Banking Development in Taiwan","authors":"Meiyin Lin, Fu-Hsiang Kuo","doi":"10.47260/jafb/1342","DOIUrl":"https://doi.org/10.47260/jafb/1342","url":null,"abstract":"Abstract\u0000\u0000In Taiwan, the digitalization of banks has imparted a future trend and a national financial technology (FinTech) policy. This paper aims to study which factors will affect the promotion of digital banking amongst digital accounts. Categorically, we applied the principal components analysis (PCA) method to analyze and identify the main factors of digital banking development. In addition, this study used three years of data from 2017 to 2020 since the data were relatively comprehensive and included all the large financial holding companies (15 in total) in Taiwan. The empirical findings can briefly be summarized as follows: a bank that wants to promote digital accounts must start with a credit card since that is what digital finance must be bound to. They also need to let people know that digital accounts have many advantages, such as no deposit limits or interest-free cross-bank withdrawals. There are a few crucial factors that need to be considered, including the number of free transfers, the card in force, active cards, and the number of free withdrawals. If banks effectively promote and attract people to apply for digital accounts, it could strongly contribute to the development of digital banking in Taiwan.\u0000\u0000JEL classification numbers: C45, G10.\u0000Keywords: Financial technology, Digital banking, Digital account, Principal components analysis.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"101 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116241808","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 the COVID-19 Pandemic on Quality of Financial Reports COVID-19大流行对财务报告质量的影响

Journal of Applied Finance & Banking Pub Date : 2023-05-01 DOI: 10.47260/jafb/1341

Hungxin Chen, H. Chiang, Dessy Voren

{"title":"The Impact of the COVID-19 Pandemic on Quality of Financial Reports","authors":"Hungxin Chen, H. Chiang, Dessy Voren","doi":"10.47260/jafb/1341","DOIUrl":"https://doi.org/10.47260/jafb/1341","url":null,"abstract":"Abstract\u0000\u0000The Corona Virus Disease pandemic has significant adverse effects on the economy, health, and society that have hampered global economic growth. Taiwan is one of the countries impacted by this pandemic. The pandemic had an enormous influence on the world economy, making the role of financial report quality an even more critical issue. This study aims to examine and evaluate the impact of the COVID-19 pandemic on the quality of financial reports. Additionally, it intends to examine and evaluate the differences between the impact of audit opinion and audit quality on the quality of financial reports before and after the COVID-19 pandemic. This study adopts secondary data, i.e., annual financial reports and audit quality data of public listing firms on the Taiwan Stock Exchange (TSE). Furthermore, this study selected data from 2016 to 2021. This study proves that the COVID-19 pandemic affects the quality of financial reports. Furthermore, this study suggests that the COVID-19 pandemic strengthens the negative impacts of audit opinion on the quality of financial reports using accrual earnings management proxies. However, it also shows that the audit quality did not impact the quality of financial reports proxied by accrual and real earnings management at the beginning of the COVID-19 outbreak.\u0000\u0000JEL classification numbers: G32, M41, O06, Q56.\u0000Keywords: The Quality of Financial Reports, COVID-19 Pandemic, Audit Opinion, Audit Quality.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"290 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122813371","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

Determinants of Bank Management Confidence Level in Indonesia moderated by Bank Scale 印度尼西亚银行管理信心水平的决定因素受银行规模调节

Journal of Applied Finance & Banking Pub Date : 2023-04-05 DOI: 10.47260/jafb/1337

I. Suyasa, Adler Haymans Manurung, Jhonni Sinaga, Amran Manurung

引用次数: 0

Bank Profitability and Mergers in the German Cooperative Banking Sector 德国合作银行部门的银行盈利能力与合并

Journal of Applied Finance & Banking Pub Date : 2023-04-04 DOI: 10.47260/jafb/1336

Richard Reichel

引用次数: 0

The Relationship between VIX and Technical Indicator: The Analysis of Shared-Frailty Model 波动率指数与技术指标的关系:基于共享脆弱性模型的分析

Journal of Applied Finance & Banking Pub Date : 2023-03-28 DOI: 10.47260/jafb/1335

Jo-Hui Chen, Hussain Sabbor, Fu-Ying Chen

{"title":"The Relationship between VIX and Technical Indicator: The Analysis of Shared-Frailty Model","authors":"Jo-Hui Chen, Hussain Sabbor, Fu-Ying Chen","doi":"10.47260/jafb/1335","DOIUrl":"https://doi.org/10.47260/jafb/1335","url":null,"abstract":"Abstract\u0000\u0000This article uses a shared-fragility model for the recurrent spell length for the volatility index (VIX). Ten future VIXs have been chosen. The article examines the impacts of the top five market technical indicators, including the Moving Average Convergence–Divergence (MACD), Relative Strength Index (RSI), Triple Exponential Average (TRIX), Historical Volatility (HV), and Vertical Horizontal Filter (VHF). On the spell time of upward, downward, and overall trends, our findings supported the hypothesis that investors can better understand the pattern and trend of volatility risk by impacting the relevant technical index on various futures VIXs. We examined how technical indicators affect the volatility index. In the Weibull distribution, the upward trend data has the most significant values. The positive values provided by MACD and TRIX imply a strong positive relationship with VIX and a longer survival time. The results also show that the greater the value of historical volatility, the greater the risk to commercial investments. As a result, the possibility of VIX in the trading pattern has a shorter time because the selling signals are coming out.\u0000\u0000JEL classification numbers: G15.\u0000Keywords: VIX Index, Technical Indicator, Shared-frailty Model.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129695580","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 Green Bonds on Banking Sector Performance: A Comparative Study on Developed and Emerging Markets 绿色债券对银行业绩效的影响:发达市场与新兴市场的比较研究

Journal of Applied Finance & Banking Pub Date : 2023-03-28 DOI: 10.47260/jafb/1334

Myvel Nabil

{"title":"The Impact of Green Bonds on Banking Sector Performance: A Comparative Study on Developed and Emerging Markets","authors":"Myvel Nabil","doi":"10.47260/jafb/1334","DOIUrl":"https://doi.org/10.47260/jafb/1334","url":null,"abstract":"Abstract\u0000\u0000Green finance is a new trend in countries’ future financial development, which has far-reaching significance for build resilience against the impacts of climate change and reduce greenhouse gas emissions. Whereas due to the importance of this issue, the financial institutions tend to use financial derivatives such as green credit and green bonds to help transform the economy to green. \u0000Hence, this paper investigates the impact of green bonds on the banking sector annually from the 2013 up to 2021 for 14 countries, focusing on emerging and developed markets. Green bonds have been measured by log total value of green bonds and green bonds to GDP, while the performance of banking sector is measured by capital adequacy and profitability. \u0000Using panel data, the findings indicate that there is a significant impact of the green bonds on banking sectors performance in certain markets. Overall, the results reveal the significant impact of green bond on the performance of banks' sector, most notably on the capital adequacy. This has to be more elaborated through further research to investigate the effect of green bonds on Stock market.\u0000\u0000JEL classification numbers: E58, G21, Q54, Q58.\u0000Keywords: Banking Sector, Developed Markets, Emerging Markets, Financial performance, Green Bonds, Greenhouse Gas Emissions.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121178691","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

Heterogeneous Behavior and Volatility Transmission in the Forex Market using High-Frequency Data 利用高频数据分析外汇市场的异质行为和波动传导

Journal of Applied Finance & Banking Pub Date : 2023-03-28 DOI: 10.47260/jafb/1333

R. Lamouchi, R. K. Shira

引用次数: 0

Factors that Affect Bank Risk in Commercial Banks that Are Publicly Listed 影响上市商业银行银行风险的因素

Journal of Applied Finance & Banking Pub Date : 2023-03-25 DOI: 10.47260/jafb/1332

Cicilia Monica Agustina, A. Manurung, Amran Manurung

引用次数: 0

Performance Evaluation of The Sierra Leone Banking Sector Using Camel Rating Framework 利用骆驼评级框架对塞拉利昂银行业进行绩效评估

Journal of Applied Finance & Banking Pub Date : 2023-03-22 DOI: 10.47260/jafb/1331

Foday Daboh, Ezekiel K. Duramany-Lakkoh