JOURNAL OF RISK AND FINANCIAL STUDIES最新文献

INTRODUCTION TO NON LIFE MATHEMATICS WITH REFERENCE TO PRICING: CONCEPTS, ORIGIN OF THE MODELS AND A PROPOSAL FOR AN ONGOING MONITORING OF THE PERSONALIZED PREMIUM 介绍非寿险数学与定价:概念，模型的起源和一个持续监测个性化保费的建议

JOURNAL OF RISK AND FINANCIAL STUDIES Pub Date : 1900-01-01 DOI: 10.47509/jrfs.2022.v03i01.01

S. Cavastracci

引用次数: 0

MICROFINANCE AND GENDER DISCRIMINATION IN CREDIT ALLOCATION: AN ECONOMIC ANALYSIS OF INCENTIVE CONTRACTS 小额信贷与信贷分配中的性别歧视:激励合同的经济分析

JOURNAL OF RISK AND FINANCIAL STUDIES Pub Date : 1900-01-01 DOI: 10.47509/jrfs.2022.v03i01.02

Zaka Ratsimalahelo, Mathurin Founanou, D. Hounwanou

{"title":"MICROFINANCE AND GENDER DISCRIMINATION IN CREDIT ALLOCATION: AN ECONOMIC ANALYSIS OF INCENTIVE CONTRACTS","authors":"Zaka Ratsimalahelo, Mathurin Founanou, D. Hounwanou","doi":"10.47509/jrfs.2022.v03i01.02","DOIUrl":"https://doi.org/10.47509/jrfs.2022.v03i01.02","url":null,"abstract":"In this paper, we develop a model of discrimination by effort between women and men in credit markets. The specificity of our model compared to the current literature consists in the level of effort effected by the agents who benefited of a microcredit is endogenous. We assume that borrowers have financial constraints and that they want to obtain funds to carry out their projects whose success depends on costly and unobservable efforts. Assuming that women exert a higher level of effort than men, we show that when information is perfect, all projects are financed and the collateral is completely eliminated. Women benefit of a lower interest rate than men and at the same time receives a loan of the same amount as men. In a situation of imperfect information, when the level of the project manager’s effort is private information, we show that in a competitive credit market where risks are not mixed, the riskier borrower obtains the same contract as in a perfect situation. When the state can guarantee highrisk borrowers (low efforts), their welfare improves. On the other hand, when government can provide guarantees for lowrisk borrowers (high efforts), it reduces collective welfare.","PeriodicalId":335962,"journal":{"name":"JOURNAL OF RISK AND FINANCIAL STUDIES","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114476506","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 EMPIRICAL STUDY ON CORPORATE GOVERNANCE AND FINANCIAL REPORTING QUALITY? EVIDENCE FROM LISTED ENTITIES IN SRI LANKA 公司治理与财务报告质量的实证研究?来自斯里兰卡上市实体的证据

JOURNAL OF RISK AND FINANCIAL STUDIES Pub Date : 1900-01-01 DOI: 10.47509/jrfs.2022.v03i01.03

Amarasekara Nt, Hewage Ym

{"title":"AN EMPIRICAL STUDY ON CORPORATE GOVERNANCE AND FINANCIAL REPORTING QUALITY? EVIDENCE FROM LISTED ENTITIES IN SRI LANKA","authors":"Amarasekara Nt, Hewage Ym","doi":"10.47509/jrfs.2022.v03i01.03","DOIUrl":"https://doi.org/10.47509/jrfs.2022.v03i01.03","url":null,"abstract":"The concept of Corporate Governance (CG) has become a contemporary focus in both accounting and finance arenas .This plays a vital role, especially in the process of assuring financial reporting quality (FRQ). The purpose of this paper is to investigate the relationship between selected CG characteristics and the level of FRQ in Sri Lanka. The study was carried out using secondary data obtained through published annual reports from 209 companies listed in the Colombo Stock Exchange (CSE) during 2017 to 2020 including 836 firm year observations. Six selected CG characteristics (Board Size, Board Independence, CEO Duality, Audit Committee Size, Audit Committee Independence, and Audit Committee Accounting Expertise) and the level of FRQ has been evaluated by absolute value of discretionary accruals (ADA) using Panel linear regression analysis. It was found that, a significant positive relationship between the audit committee accounting expertise and FRQ, while a significant negative relationship was found between Board Size and FRQ. However the other remaining CG characteristics were not significantly influenced on the level of FRQ. Overall, this analysis highlights the importance of having a comparatively smaller board size and composition the members in the audit committee with financial and accounting background to enhance FRQ and transparency. The findings of this study expect to have a significant policy implication for policy makers and regulators in terms of formulating strategies and policies on CG best practices in Sri Lanka. Similarly, the entities should promote smaller board size and recruiting, especially majority of independent nonexecutive directors with sufficient accounting skills and financial experience with the aim of curtailing the adverse earnings management practices to improve FRQ.","PeriodicalId":335962,"journal":{"name":"JOURNAL OF RISK AND FINANCIAL STUDIES","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122230909","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 YEARS OF SCHOOLING AND EXPERIENCE ON THE INCOME LEVEL OF THE EMPLOYEES USING THE MINCER EARNING FUNCTION: SPECIAL REFERENCE TO MALLAWAPITIYA DIVISIONAL SECRETARIAT 使用mincer收入函数的雇员的受教育年限和经验对其收入水平的影响:特别参考mallawapitiya分部秘书处

JOURNAL OF RISK AND FINANCIAL STUDIES Pub Date : 1900-01-01 DOI: 10.47509/jrfs.2022.v03i01.05

Mnf Waseema

引用次数: 0

A NOTE ON THE ESTIMATION AND SIMULATION OF DISTRIBUTIONS WITH BERNSTEIN POLYNOMIALS 关于用Bernstein多项式估计和模拟分布的注释

JOURNAL OF RISK AND FINANCIAL STUDIES Pub Date : 1900-01-01 DOI: 10.47509/jrfs.2022.v03i01.04

Dietmar Pfeifer

引用次数: 0