Journal of Applied Finance & Banking最新文献_第6页

The Impact of Industry Specialist on the Relationship between Returns and Future Earnings 行业专家对收益与未来收益关系的影响

Journal of Applied Finance & Banking Pub Date : 2023-03-01 DOI: 10.47260/jafb/1326

Han‐Ching Huang, Yung-An Huang

{"title":"The Impact of Industry Specialist on the Relationship between Returns and Future Earnings","authors":"Han‐Ching Huang, Yung-An Huang","doi":"10.47260/jafb/1326","DOIUrl":"https://doi.org/10.47260/jafb/1326","url":null,"abstract":"Abstract\u0000\u0000Financial statements reveal the company's profitability and be used as an important indicator of the risk assessment. Auditor industry specialists can provide better quality of financial reports and informative disclosures. According to Lundholm and Myers (2002), we examine whether the fact that accountants or audit firm are industry specialists will affect the relationship between returns and future earnings. Since there exists the special system of dual attestation in Taiwan, we divide the accountants into lead auditors or concurring auditors to examine the above relationship. Empirical results indicate that the higher future earnings response coefficients are associated with the companies audited by industry specialist, the higher number of industry specialists, the more industry experience of industry specialists and the greater market value of company. These findings imply that more information about future earnings are revealed. Therefore, it improves the disclosure of company's future earnings when the accountants or audit firms are industry specialists. In addition, we do not find the evidence that the future earnings response coefficients in companies audited by the lead auditor as industry specialist are higher than those in companies audited by the concurring auditor as industry specialist and in specialist accounting firms.\u0000\u0000JEL classification numbers: G34, M41, M42.\u0000Keywords: Industry specialist, Dual-signature, Future earnings response coefficient (FERC).","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125406575","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

Internal and External Determinants of Risk Based Capital 风险资本的内部和外部决定因素

Journal of Applied Finance & Banking Pub Date : 2023-02-15 DOI: 10.47260/jafb/1325

Jhonni Sinaga, A. Manurung, Nera Marinda Machdar, John Edward Harly Jacob FoEh

引用次数: 0

The Comparison and Analysis of Exchange Traded Funds (ETFs) Return Rates 交易所交易基金(etf)收益率的比较与分析

Journal of Applied Finance & Banking Pub Date : 2023-02-03 DOI: 10.47260/jafb/1324

Luqi Yuan, Shihong Zeng

引用次数: 0

The Relationships among Digital Marketing, Brand Emotional Attachment and Brand Attitude 数字营销与品牌情感依恋、品牌态度的关系

Journal of Applied Finance & Banking Pub Date : 2023-02-02 DOI: 10.47260/jafb/1323b

Yueh-shian Lee

{"title":"The Relationships among Digital Marketing, Brand Emotional Attachment and Brand Attitude","authors":"Yueh-shian Lee","doi":"10.47260/jafb/1323b","DOIUrl":"https://doi.org/10.47260/jafb/1323b","url":null,"abstract":"Abstract\u0000\u0000With the increasing development of digital technology, people receive information comes from digital information. The methods of develop financial service marketing consist of internet, telephone, and physical bank branches in financial and insurance industry. In particular, the Covid-19 pandemic has led the benefits of digital marketing in the financial and insurance industry have grown significantly. The sales and services of insurance products focus on human being and needs to contact customers for a long time in financial service industry. The corporate brand image is a representative of the perception to customers and an important cornerstone for building corporate competitiveness. Digital marketing is one of the important tools for building corporate image. The purpose of this research is to analyze the relationship among digital marketing, brand emotional attachment, and brand attitudes of insurance companies. Structural equation modeling (SEM) was used to conduct empirical analysis to provide relevant information for insurance practitioners to improve competitiveness. This study found that digital marketing has a positive and significant impact on brand emotional attachment; digital marketing has a positive and significant impact on brand attitude; brand emotional attachment has a positive and significant impact on brand attitude; and digital marketing through the intermediary effect of brand emotional attachment has a significant positive impact on brand attitude. Therefore, insurance operators must strengthen the establishment of good use of digital media to establish customers' attitudes towards the brand.\u0000\u0000JEL classification numbers: M31.\u0000Keywords: Digital Marketing, Brand Emotional Attachment, Brand Attitude.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132240333","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

How has Covid-19 influenced the composition of bank incomes? 新冠肺炎疫情如何影响银行收入构成?

Journal of Applied Finance & Banking Pub Date : 2023-01-26 DOI: 10.47260/jafb/1322

N. Ozdemir, C. Altinoz

{"title":"How has Covid-19 influenced the composition of bank incomes?","authors":"N. Ozdemir, C. Altinoz","doi":"10.47260/jafb/1322","DOIUrl":"https://doi.org/10.47260/jafb/1322","url":null,"abstract":"Abstract\u0000\u0000Banks have two sources of income. They earn interest income from traditional bank services such as credits. They also make non-interest income by charging their customers fees in exchange for various financial services such as checking and cash management, safe-keeping services, investment services, and insurance services. The Covid-19 crisis influenced not only the level of bank revenues, but also their composition. The share of interest income to non-interest income has shown a substantial decrease. This article analyzes the origins of this change and its implications for the banking system for the post-Covid environment. While the literature analyzing income shares only looks at the supply factors, this paper introduces the demand-side factors and finds that the demand-side factors were more important. The deterioration in consumer sentiment has been found to be among the significant determinants of this change. Finally, we find that the income structure of banks of different sizes are determined by different sets of factors.\u0000\u0000JEL classification numbers: G18, G21, G28.\u0000Keywords: Commercial Banks, Interest income, Non-interest income, Consumer sentiment, Bank size, Covid-19.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114825081","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 Export-Led Growth Hypothesis: Some Evidence from the 8-ASEAN 出口导向型增长假说:来自东盟8国的证据

Journal of Applied Finance & Banking Pub Date : 2023-01-04 DOI: 10.47260/jafb/1321

Cheng-Wen Lee, Budi Hasyim, Jan-Yan Lin

{"title":"The Export-Led Growth Hypothesis: Some Evidence from the 8-ASEAN","authors":"Cheng-Wen Lee, Budi Hasyim, Jan-Yan Lin","doi":"10.47260/jafb/1321","DOIUrl":"https://doi.org/10.47260/jafb/1321","url":null,"abstract":"Abstract\u0000\u0000This paper examines the validity of the growth hypothesis underlying exports within the context of the developing country sector, given the life of a general marketplace among countries. It used annual data from developing countries in the Association of Southeast Asian Nations (ASEAN) from 2009 to 2018 and analyzed the impact of capital, employment, land and exports on the import sector on agricultural growth. The method used is Estimated generalized least square (EGLS) panel data analysis. The results of the study show that, in an Export Led Growth (ELG) scenario, data exists for analysis in eight ASEAN countries, specifically Brunei, Cambodia, Indonesia, Laos, Malaysia, Thailand, the Philippines and Vietnam. Production input factors (capital, labor and land) have a significant and positive impact on agricultural economic growth, while trade factors (exports and imports) have a negative impact on economic growth. In order to expand the contribution of the agricultural sector, capital, labor and agricultural land must be large enough to have a positive impact on agricultural growth.\u0000\u0000JEL classification numbers: J43.\u0000Keywords: Agricultural export, Agricultural growth, Free trade, Developing countries.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123232662","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

Does the Development of Money Market Funds in China Increase the Bank Liquidity Risk? 货币市场基金在中国的发展是否增加了银行流动性风险?

Journal of Applied Finance & Banking Pub Date : 2022-12-28 DOI: 10.47260/jafb/1317

X. Tong, Jingfei Wang

引用次数: 0

Making Green Bonds Greener: Proposals to Increase the Efficiency of Green Bonds 使绿色债券更绿色:提高绿色债券效率的建议

Journal of Applied Finance & Banking Pub Date : 2022-11-29 DOI: 10.47260/jafb/1315

André Tomfort

{"title":"Making Green Bonds Greener: Proposals to Increase the Efficiency of Green Bonds","authors":"André Tomfort","doi":"10.47260/jafb/1315","DOIUrl":"https://doi.org/10.47260/jafb/1315","url":null,"abstract":"Abstract\u0000\u0000The Paris Climate Agreement requires tremendous investments into a radically new energy supply, into buildings, transport, mobility and climate-resilience. It was estimated that between USD 5 and 7 trillion of public and private capital would have to be raised each year between now and 2050. Green Bonds are hoped to become one of the main financial vehicles to generate this amount of capital. The Green Bond market, so far, has not been able to stimulate additional green investments. To change this pattern, this paper presents several proposals. The most important one is to implement a disagio in the repayment of the principal if the investment has led to a reduction in greenhouse gas emissions. The value of this reduction would be determined by the market prices for emission certificates. With this mechanism an existing market for certificates could be easily exported into countries that do not have such a market. High multiplier effects from climate mitigation investments could be expected so that these disagio payments would finance themselves. Other important proposals are a support for asset-backed and covered bonds, a credible third-party certification of the greenness of a bond and a clarification of the criteria to determine a Green Bond.\u0000\u0000JEL classification numbers: G23, G24, G28.\u0000Keywords: Sustainable finance, Green bonds, Carbon markets, Emission rights, Multiplier effects.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129604224","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

Does Managerial Ability Affect Corporate Diversification Strategies and Corporate Diversification Performance? Evidence from the US 管理能力是否影响公司多元化战略和公司多元化绩效?来自美国的证据

Journal of Applied Finance & Banking Pub Date : 2022-11-18 DOI: 10.47260/jafb/1314

Hui-Wen Hsu

引用次数: 1

Asymmetric Market Risk, Accounting Quality and the Cost of Capital: Evidence from Taiwan Capital Market 非对称市场风险、会计质量与资本成本:来自台湾资本市场的证据

Journal of Applied Finance & Banking Pub Date : 2022-11-02 DOI: 10.47260/jafb/1312

Tsung-Yu Hsieh, Yung-Ming Shiu, Chih-Ling Lin

{"title":"Asymmetric Market Risk, Accounting Quality and the Cost of Capital: Evidence from Taiwan Capital Market","authors":"Tsung-Yu Hsieh, Yung-Ming Shiu, Chih-Ling Lin","doi":"10.47260/jafb/1312","DOIUrl":"https://doi.org/10.47260/jafb/1312","url":null,"abstract":"Abstract\u0000\u0000Financing decisions have always been regarded as important to company operations. The capital structure of a company has always been an important issue of financial research. This research mainly attempts to answer the previous literature on the inconsistency of the relationship between accounting quality and cost of capital. This study examines the ways in which accounting quality can affect the cost of capital through asymmetric market risk. In order to study the issue, a regression model is used. The dataset consisting of companies listed on the Taiwan Stock Exchange includes 317 companies as a sample, providing a total of 7,731 company-year observations. The findings reveal that the cost of capital has a positive correlation with asymmetric market risk, and that asymmetric market risk is found to have a corresponding positive association with accounting quality. The results provide support for the general view that asymmetric market risk would appear to be a more appropriate measure than symmetric market risk when linking accounting quality to the cost of capital.\u0000\u0000JEL classification numbers: C32, D84.\u0000Keywords: Excess risk premium, Financial statement, Downside risk, CAPM.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132924949","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

Journal of Applied Finance &amp; Banking最新文献

Journal of Applied Finance & Banking最新文献