Revista Finanzas y Política Económica最新文献_第3页

Brecha de género en la confianza de productos y servicios financieros desde la perspectiva del comportamiento 从行为角度看金融产品和服务信任的性别差距

Revista Finanzas y Política Económica Pub Date : 2023-06-09 DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.10

Ariadna Hernández-Rivera

引用次数: 0

El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India 在印度股票二级市场，金融教育对决策工具与股票回报关系的调节作用

Revista Finanzas y Política Económica Pub Date : 2023-05-09 DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.8

Renu Isidore, C. J. Arun

{"title":"El efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones en el mercado secundario de acciones de la India","authors":"Renu Isidore, C. J. Arun","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.8","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.8","url":null,"abstract":"La toma de decisiones en el complejo mercado de valores es una tarea exigente dada la enorme cantidad de información disponible y la amplia gama de técnicas de toma de decisiones disponibles. La educación financiera de los inversores juega un papel destacado para influir en su proceso de toma de decisiones. Aunque el mercado de valores indio es el tercero más grande de Asia, solo alrededor del 3% de sus hogares invierten en mercados de valores. El nivel de educación financiera del inversor indio debe evaluarse para que haya una mayor participación en el mercado de valores y se obtengan mayores rendimientos. Este estudio tiene como objetivo determinar el efecto moderador de la educación financiera en la relación entre las herramientas de toma de decisiones y los rendimientos de las acciones obtenidos en el mercado secundario de acciones de la India. Las herramientas de toma de decisiones incluyen el análisis fundamental: (i) análisis económico, (ii) análisis de la industria, (iii) análisis de la empresa, (iv) análisis técnico y (v) recomendación deasesores. Los datos se recopilaron a través del método de encuesta de cuestionario y a través de una muestra válida de 436 cuestionarios, se probó la importancia del efecto moderador. Usando el complemento Process Macro en SPSS, se realizó el análisis de moderación. Los resultados revelan que la educación financiera solamente moderó la relación entre el análisis económico y los rendimientos de las acciones.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"11 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134034677","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

Military Expenditure and Unemployment Nexus in Bangladesh 孟加拉国的军事开支和失业关系

Revista Finanzas y Política Económica Pub Date : 2023-05-09 DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.7

A. Hanif, Muhammad Salah Uddin, Tahsin Bakirtas, Sheikh Abdul Kader

{"title":"Military Expenditure and Unemployment Nexus in Bangladesh","authors":"A. Hanif, Muhammad Salah Uddin, Tahsin Bakirtas, Sheikh Abdul Kader","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.7","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.7","url":null,"abstract":"The purpose of this study is to investigate the impact of military expenditure on unemployment in Bangladesh, examining the cointegration among unemployment, military expenditure, and foreign direct investment. It also sheds light on the short and longrun dynamics of the variables under consideration. The study employs the ARDL bounds testing approach to investigate the cointegration among the variables using time series annual data from the period of 1990-2018. The dependant variable is unemployment and military expenditure and FDI are the independent variables. Thisresearch found a long run relationship among the variables. An increase in military expenditure significantly reduces unemployment in the short run, however, no significant long-run relationship is found. The higher FDI, the higher unemployment in the long run. This study contributes to fill the research gap regarding theimpact of military expenditure and FDI on unemployment. To the best of our knowledge, this is the first study to examine the relationship among unemployment, military expenditure and FDI in Bangladesh using ARDL bounds testing approach with time series annual data.\u0000 \u0000 ","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116306764","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

“Stay at home (if you can)”: informal employment and COVID-19 in Mexico “呆在家里(如果可以)”:墨西哥的非正规就业和COVID-19

Revista Finanzas y Política Económica Pub Date : 2023-05-08 DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.6

Joana Cecilia Chapa Cantú, Carlos Emmanuel Saldaña Villanueva, Edgar Mauricio Luna Domínguez

引用次数: 0

El teorema Modigliani-Miller: un análisis desde la estructura de capital mediante modelos Data Mining en pymes del sector comercio 莫迪利亚尼-米勒定理:商业中小企业数据挖掘模型的资本结构分析

Revista Finanzas y Política Económica Pub Date : 2023-03-23 DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.3

Oscar López-Solís, Alexander Fernando Haro Sarango, Ana Córdova-Pacheco, Juan Pérez-Briceño

{"title":"El teorema Modigliani-Miller: un análisis desde la estructura de capital mediante modelos Data Mining en pymes del sector comercio","authors":"Oscar López-Solís, Alexander Fernando Haro Sarango, Ana Córdova-Pacheco, Juan Pérez-Briceño","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.3","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.3","url":null,"abstract":"En el origen y evolución de las finanzas ha resultado oportuno alinear la teoría con la práctica, con el fin de promover argumentos sólidos. Sin embargo, esta perspectiva está lejos de ser aplicada, ya que es común que se empleen los aspectos prácticos sin adherir a su interpretación las hipótesis teóricas sobre la influencia, relación y asociatividad de los términos. En este sentido, este estudio se plantea como objetivo evaluar si el teorema Modigliani-Miller y sus supuestos son aplicables a las pymes pertenecientes al sector comercio del Ecuador. Para ello se usan dos etapas metodológicas. En primer lugar, se utilizan con modelos no supervisados mediante Partitioning Around Medoids, con el fin de clasificar y aumentar la homogeneidad en la interpretación de modelos. Y, en segundo lugar, se emplean modelos de interpretación lineal clasificados con el objeto de explicar la relación subyacente de los diversos indicadores con la estructura de capital. Con las iteraciones se puede concluir que la teoría que mayor adaptabilidad posee en este grupo de empresas es la del trade-off, la cual sugiere que sí existe una estructura adecuada, que resulta de la combinación de factores financieros.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124726082","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

The Effect of Wages on Human Capital and its Virtuous Dynamic Cycle 工资对人力资本的影响及其良性动态循环

Revista Finanzas y Política Económica Pub Date : 2023-03-23 DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.4

Jacques Lartigue Mendoza, Salomón Domínguez

{"title":"The Effect of Wages on Human Capital and its Virtuous Dynamic Cycle","authors":"Jacques Lartigue Mendoza, Salomón Domínguez","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.4","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.4","url":null,"abstract":"This paper provides economic theory with a dynamic structural model that mathematically proves both a positive effect of wages on the workers’ human capital intertemporal investment decisions and the existence of a virtuous dynamic cycle between wages and human capital.Among the desired characteristics of the proposed model is that it has an analytical solution, permitting the achievement of an optimal decision rule for each choice variable and the calibration of its parameters using observed data; this favors an easy implementation by policymakers and researchers. The constructed statistics and the results of the empirical application of the model, to the Mexican developing economy, support the mathematical conclusions. The model predicts two benchmark human capital gross returns and their corresponding wages, by levels of education. Below the second one, human capital coming from formal education vanishes over time, due to investment not being enough to offset its depreciation; below the first one, workers stop investing in education. Unfortunately, around 40% and 20% of Mexican workers are located below them, respectively.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"2015 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125709075","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

Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19 Ibovespa对2019冠状病毒病(COVID-19)引发的国际危机期间石油和铁矿石价格走势的反应

Revista Finanzas y Política Económica Pub Date : 2023-03-23 DOI: 10.14718/revfinanzpolitecon.v15.n1.2023.2

Jorge Luis Sánchez Arévalo, Alisson Maxwell Ferreira de Andrade, Elisabeth De Oliveira Vendramin

{"title":"Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19","authors":"Jorge Luis Sánchez Arévalo, Alisson Maxwell Ferreira de Andrade, Elisabeth De Oliveira Vendramin","doi":"10.14718/revfinanzpolitecon.v15.n1.2023.2","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.2","url":null,"abstract":"The systemic risk caused by COVID-19 affected all sectors of the economy, thus showing the vulnerability of some sectors in comparison to others. In this context, the supply shock experienced by the iron ore sector has drawn attention and resulted in a price increase. Linked to this, and in a negative way, oil prices fell due, among other factors, to the price war between producing countries.In this sense, this study analyses the volatility of the Brazilian stock market indicator in relation to the prices of the aforementioned products and the price of the dollar. The results show the importance of the price formation in these markets for the variation of the indicator. The appreciation of Brent oil and iron ore prices on the Dalian Commodity Exchange (DCE), in China, caused the Ibovespa indicator to move in the same direction. In addition, in statistical terms, the study highlights the great importance of the exchange rate as a determinant in the variation of the indicator and, consequently, affecting the intention to invest.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130869767","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

Los fallos de la integración económica internacional y de la gobernanza supranacional 国际经济一体化和超国家治理的失败

Revista Finanzas y Política Económica Pub Date : 2022-08-02 DOI: 10.14718/revfinanzpolitecon.v14.n2.2022.1

Joan Miguel Tejedor Estupiñán

引用次数: 0

Reviewing Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA region 回顾贸易开放、国内投资和经济增长关系:对中东和北非地区的当代政策影响

Revista Finanzas y Política Económica Pub Date : 2022-07-25 DOI: 10.14718/revfinanzpolitecon.v14.n2.2022.7

Stephen Taiwo Onifade, Abdul Qahar Khatir, A. Ay, Murat Canitez

{"title":"Reviewing Trade Openness, Domestic Investment, and Economic Growth Nexus: Contemporary Policy Implications for the MENA region","authors":"Stephen Taiwo Onifade, Abdul Qahar Khatir, A. Ay, Murat Canitez","doi":"10.14718/revfinanzpolitecon.v14.n2.2022.7","DOIUrl":"https://doi.org/10.14718/revfinanzpolitecon.v14.n2.2022.7","url":null,"abstract":"This study investigates the impact of trade openness on the economic performances of selected Middle East and North Africa (MENA) countries while incorporating elements of domestic investment into the empirical analysis in the wake of dynamic sentiments for trade liberalization among nations in recent times. The study covers an empirical analysis of a panel of observations from the selected countries within the framework of the Fully Modified Least Square (FMOLS), and the Dynamic Ordinary Least Square (DOLS) regression techniques. The empirical results affirm the existence of a long-run relationship among the variables. However, while domestic investment and the size of the labor force significantly impact economic growth in the positive direction among these countries, trade openness was found to be negatively impacting on growth for the period of the study. It is therefore recommended that cogent effort should be directed towards investments that are crucial for the improvement of labor productivity and production value chains in the domestic economy to dissuade or minimize the rate of export of raw primary commodities. Also, adequate steps should be taken to improve the overall business environment, remove trade impediments, and strengthen institutions among the countries in the region to harness the benefits of trade in our increasingly globalized world.","PeriodicalId":377256,"journal":{"name":"Revista Finanzas y Política Económica","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130542280","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: 10

La diversidad de género y el rendimiento en el sector financiero ecuatoriano 厄瓜多尔金融部门的性别多样性和绩效

Revista Finanzas y Política Económica Pub Date : 2022-07-25 DOI: 10.14718/revfinanzpolitecon.v14.n2.2022.10

Edisson Coba, Jaime Díaz- Córdova, Geovany Carrion-Gavilanes, Daniela Chango-Casanova

引用次数: 0