International Journal of Financial Studies最新文献_第9页

The Impact of Professionalism Theory Constructs on the Applicability of Forensic Accounting Services: Evidence from Jordan 专业主义理论建构对法务会计服务适用性的影响:来自约旦的证据

IF 2.3

International Journal of Financial Studies Pub Date : 2023-12-04 DOI: 10.3390/ijfs11040141

Razan Nayef Almashaqbeh, Hashem Alshurafat, Hamzeh Al Amosh

{"title":"The Impact of Professionalism Theory Constructs on the Applicability of Forensic Accounting Services: Evidence from Jordan","authors":"Razan Nayef Almashaqbeh, Hashem Alshurafat, Hamzeh Al Amosh","doi":"10.3390/ijfs11040141","DOIUrl":"https://doi.org/10.3390/ijfs11040141","url":null,"abstract":"This study aims to provide an understanding of the impact of professionalism theory constructs on the applicability of forensic accounting services, as well as reviewing the obstacles to implementing the profession of forensic accounting through a literature review. The accounting side of the study explores the profession of forensic accounting and the sociological side of the study will focus on professionalism theory, more specifically Pavalko’s 1988 model. A quantitative method was used in this study; 154 questionnaires from Certified Public Accountants (CPAs) were validated and used in the data analysis. Data analysis was conducted using SmartPLS, which was used for testing the study’s hypotheses. The results demonstrated that the professionalism theory constructs have a significant impact on the applicability of forensic accounting services. There was an indication that six out of eight constructs had a positive impact, which are, code of ethics, commitment, intellectual technique, motivation, training, and relevance to social values, leaving only autonomy and sense of community with no impact shown. This study recommends that forensic accountants and practitioners contribute to developing the profession of forensic accounting and to provide services with high quality. The study’s significant constructs can inform the development of training programs for aspiring forensic accountants in Jordan, emphasizing ethics, commitment, technical expertise, motivation, training, and social values. These findings may also apply to other countries.","PeriodicalId":45794,"journal":{"name":"International Journal of Financial Studies","volume":"72 ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505335","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

Studying Differing Impacts of Various Monetary Aggregates on the Real Economy 研究不同货币总量对实体经济的不同影响

IF 2.3

International Journal of Financial Studies Pub Date : 2023-12-01 DOI: 10.3390/ijfs11040140

Romeo Victor Ionescu, Costinela Fortea, Monica Laura Zlati, Valentin Marian Antohi

{"title":"Studying Differing Impacts of Various Monetary Aggregates on the Real Economy","authors":"Romeo Victor Ionescu, Costinela Fortea, Monica Laura Zlati, Valentin Marian Antohi","doi":"10.3390/ijfs11040140","DOIUrl":"https://doi.org/10.3390/ijfs11040140","url":null,"abstract":"Since we are living in a time of multiple crises and geopolitical unrest, it is important to look at how monetary aggregates affect the real economy. This will help us figure out how uncertainty affects the economy and come up with more stable financial and monetary policy measures, especially for EU member states that are not in the euro area. This study aims to determine a dynamic structured monetary policy model, using information from the literature and the study of the evolution of financial elements of macroeconomic aggregates in a non-euro area Member State (Romania). The methods consist of an empirical study of causality in the monetary aggregates in the literature and an analytical approach to the consolidation of dynamic databases over a period of 16 years (2007–2022) and its statistical modeling. This research will examine the impact of uncertainty on Romania’s monetary policy over the period and how this uncertainty alters the dependence relationships between monetary policy indicators and derivatives of the GDP deflator. The results of the two-step modeling, respectively, for the periods 2007–2019 and 2007–2022, will highlight via a comparison the vulnerabilities induced by periods of uncertainty and pandemics on the evolution of monetary policy indicators and will be useful to financial decision makers in correcting monetary policy elements based on the vulnerability picture instrumented as a result of analysis and modeling. The novelty of this study lies in the multidisciplinary and dynamic approach to the evolution of monetary policy indicators and the construction of the dynamic structured model, which is a useful tool for assessing the vulnerability status of a EU Member State economy outside the euro area under uncertainty.","PeriodicalId":45794,"journal":{"name":"International Journal of Financial Studies","volume":"43 8","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505352","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

Entrepreneurship Dynamics: Assessing the Role of Macroeconomic Variables on New Business Density in Euro Area 创业动态:评估欧元区宏观经济变量对新企业密度的作用

IF 2.3

International Journal of Financial Studies Pub Date : 2023-12-01 DOI: 10.3390/ijfs11040139

Lenka Vyrostková, Jaroslava Kádárová

{"title":"Entrepreneurship Dynamics: Assessing the Role of Macroeconomic Variables on New Business Density in Euro Area","authors":"Lenka Vyrostková, Jaroslava Kádárová","doi":"10.3390/ijfs11040139","DOIUrl":"https://doi.org/10.3390/ijfs11040139","url":null,"abstract":"This article examines the impact of the macroenvironment on enterprises in euro-area countries over the period 2006–2020. Our study builds on important works and theories in the field of business, including the work of Kar and Özsahin. We employ the Panel Least Squares method to estimate the coefficient of selected variables. We identify political, institutional (government effectiveness index, regulatory quality index, rule of law, market capitalization of company, control of corruption, political stability and absence of violence) and financial (financial development index, gross domestic product, inflation rate, unemployment rate, public debt) determinants that can have an effect on entrepreneurship. The article aims to fill a gap in the existing literature by providing new insights from the Eurozone and updated data that were not included in previous literature reviews and studies. In this way, we contribute to expanding knowledge about the relationship between macroeconomic factors and entrepreneurial activities in this specific geographical area, considering the lack of current analyses. According to our results, there is a positive statistically significant relationship between entrepreneurship and gross domestic product per capita, regulatory quality index, and market capitalization of the company and a negative statistically significant relationship between entrepreneurship and rule of law, and public debt.","PeriodicalId":45794,"journal":{"name":"International Journal of Financial Studies","volume":"65 ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505338","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

Audit Expectation Gap in the External Audit of Banks in Mozambique 莫桑比克银行外部审计中的审计期望差距

IF 2.3

International Journal of Financial Studies Pub Date : 2023-11-15 DOI: 10.3390/ijfs11040138

Osvaldo Massicame, Helena Coelho Inácio, Maria Anunciação Bastos

{"title":"Audit Expectation Gap in the External Audit of Banks in Mozambique","authors":"Osvaldo Massicame, Helena Coelho Inácio, Maria Anunciação Bastos","doi":"10.3390/ijfs11040138","DOIUrl":"https://doi.org/10.3390/ijfs11040138","url":null,"abstract":"The function of the external audit, largely as a result of the scandals and financial crises that have occurred, has been the subject of debate and criticism. This aspect has fostered discussions around the Audit Expectation Gap, which, in short, is understood as the differences in expectations between the audit’s results and what is expected from it. In this context, the present study aimed to evaluate the existence of the Audit Expectation Gap in the external audit of banks in Mozambique. For this purpose, auditors, regulators/supervisors, managers and financial staff from banks and companies were surveyed. The results showed statistically significant differences in the opinions of respondents regarding matters related to the scope and objective of the audit, materiality and risk, and different aspects of responsibility. Thus, evidence was obtained that, in addition to reviewing audit regulations for Mozambican credit institutions and financial companies, there is a need for clarification of matters such as the level of security in external audits (which cannot be absolute); the responsibilities of management and auditors in areas such as assessing and reporting compliance with the ratios and prudential limits imposed by the Bank of Mozambique; assessing the suitability of risk management at the bank; and the prevention, detection and reporting of fraud.","PeriodicalId":45794,"journal":{"name":"International Journal of Financial Studies","volume":"57 ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505341","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

Corporate Digital Transformation and M&A Efficiency: Evidence Based on Chinese Listed Companies 企业数字化转型与并购效率:基于中国上市公司的实证研究

International Journal of Financial Studies Pub Date : 2023-11-14 DOI: 10.3390/ijfs11040137

Gui Ren, Zhenxian Huo, Jingjing Wang, Xihe Liu

{"title":"Corporate Digital Transformation and M&A Efficiency: Evidence Based on Chinese Listed Companies","authors":"Gui Ren, Zhenxian Huo, Jingjing Wang, Xihe Liu","doi":"10.3390/ijfs11040137","DOIUrl":"https://doi.org/10.3390/ijfs11040137","url":null,"abstract":"In order to help enterprises to achieve high-quality development and improve the capital market regulatory policies by supporting with more factual basis from China, this paper conducts research on clarifying impact mechanism of digital transformation on M&A efficiency of listed companies. Taking the mergers and acquisitions of listed companies from 2007 to 2021 as a research sample, the influence mechanism of the digital transformation degree of companies on their M&A efficiency was studied. The research results show that the digital transformation of listed companies will improve their M&A efficiency. Digital transformation will reduce the degree of mispricing stocks of M&A companies, curb conflicts between managers and agents of M&A companies, and improve their M&A efficiency. Further research finds that the promotion effect of digital transformation on M&A efficiency is more significant in non-state-owned companies, with a higher degree of financing constraint and high analyst attention. In the future, regulatory authorities should actively promote the digital transformation of listed companies, curb mispricing and management agency problems in the capital market with digital governance, and improve the efficiency of mergers and acquisitions in the capital market. This paper not only provides a more factual basis on concrete case from China but also enriches the related empirical analysis on corporate digital transformation and M&A efficiency.","PeriodicalId":45794,"journal":{"name":"International Journal of Financial Studies","volume":"65 18","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134901313","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

Assessing the Performance and Risk-Adjusted Returns of Financial Mutual Funds 评估金融共同基金的业绩和风险调整收益

International Journal of Financial Studies Pub Date : 2023-11-09 DOI: 10.3390/ijfs11040136

Davinder K. Malhotra, Tim Mooney, Raymond Poteau, Philip Russel

引用次数: 1

Implementing Toll Road Infrastructure Financing in Indonesia: Critical Success Factors from the Perspective of Toll Road Companies 在印尼实施收费公路基础设施融资:收费公路公司视角下的关键成功因素

International Journal of Financial Studies Pub Date : 2023-11-09 DOI: 10.3390/ijfs11040135

Muhammad Fauzan, Heri Kuswanto, Christiono Utomo

{"title":"Implementing Toll Road Infrastructure Financing in Indonesia: Critical Success Factors from the Perspective of Toll Road Companies","authors":"Muhammad Fauzan, Heri Kuswanto, Christiono Utomo","doi":"10.3390/ijfs11040135","DOIUrl":"https://doi.org/10.3390/ijfs11040135","url":null,"abstract":"Having effective and efficient financing is one of the most critical steps in accelerating public infrastructure development, including toll roads. This study aims to identify critical success factors (CSFs) for implementing toll infrastructure financing in Indonesia. Thirty-three CSFs have been identified from the literature review. A Delphi survey was conducted involving a panel of experts in the infrastructure industry. Based on the survey, it is known that the internal rate of return, affordability, investment decisions, commercial banks, financing costs, interest rate risk, control of cash flow, contract scope, and principles of risk transfer are important factors for implementing toll infrastructure financing in Indonesia. This study fills research gaps by developing a CSF model for successful toll road infrastructure financing in Indonesian PPPs, considering private perspectives and aiming to provide insights for investors and enhance understanding of country profiles in developing countries. The focus on toll road implementation in Indonesia contributes to a comprehensive understanding of CSFs for PPPs in the country.","PeriodicalId":45794,"journal":{"name":"International Journal of Financial Studies","volume":" 47","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135290641","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

Machine Learning to Forecast Financial Bubbles in Stock Markets: Evidence from Vietnam 机器学习预测股市金融泡沫:来自越南的证据

International Journal of Financial Studies Pub Date : 2023-11-08 DOI: 10.3390/ijfs11040133

Kim Long Tran, Hoang Anh Le, Cap Phu Lieu, Duc Trung Nguyen

引用次数: 0

The Impact of Monetary Policy on the U.S. Stock Market since the COVID-19 Pandemic 新冠肺炎疫情以来货币政策对美国股市的影响

International Journal of Financial Studies Pub Date : 2023-11-08 DOI: 10.3390/ijfs11040134

Willem Thorbecke

引用次数: 0

Cultural Influence on Corporate Sustainability: A Board of Directors Perspective 文化对企业可持续发展的影响:董事会视角

International Journal of Financial Studies Pub Date : 2023-11-06 DOI: 10.3390/ijfs11040132

Diana Escandon-Barbosa, Jairo Salas-Paramo, José Luis Duque

{"title":"Cultural Influence on Corporate Sustainability: A Board of Directors Perspective","authors":"Diana Escandon-Barbosa, Jairo Salas-Paramo, José Luis Duque","doi":"10.3390/ijfs11040132","DOIUrl":"https://doi.org/10.3390/ijfs11040132","url":null,"abstract":"This research aims to analyze the triple moderating effect of the board of directors in the country culture of a firm and its influence on the relationship between organizational innovation and organizational learning in corporate sustainability. A survey of 400 exporting companies of different commercial products from Colombia, Peru, Ecuador, and Bolivia was used to carry out this research. We used the structural equations model to explore the analysis of the causal and moderation relationships between the variables under study. As a result, it was found that the influence of the board of directors of a firm is essential for innovation processes because they drive their results to corporate sustainability. This last approach is due to the strategic approach adopted by large companies. In the case of SMEs, it was not possible to demonstrate that the board of directors has such a degree of influence. In the case of the moderating effect of the board of directors on the country’s culture, it was possible to observe that the board of directors becomes a factor in the firm’s performance despite its geographical location, which determines the influence of culture on its operation in corporations such as SMEs.","PeriodicalId":45794,"journal":{"name":"International Journal of Financial Studies","volume":"5 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135589727","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