Review of Economics and Finance最新文献_第8页

Managerial Myopia Control to Improve Financial Performance in Microfinance Institutions 管理近视控制提高小额信贷机构财务绩效

Review of Economics and Finance Pub Date : 2023-01-01 DOI: 10.55365/1923.x2023.21.17

A. Anam, I. Khajar, Mutamimah Mutamimah

引用次数: 0

Factors Influencing Academic Fraud Prevention among Accounting Students 影响会计专业学生学术造假防范的因素

Review of Economics and Finance Pub Date : 2023-01-01 DOI: 10.55365/1923.x2023.21.5

E. Ghani, S. Azhar, Kamaruzzaman Muhammad, C. Sukmadilaga

引用次数: 0

Modelling Tourism Demand in Macau: A Panel Analysis 澳门旅游需求模型:面板分析

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.85

Chin-Hong Puah, Peck-Ching Sia, Meng-Chang Jong

引用次数: 1

Teaching1 Economics Students about Different Models for Dealing with Uncertainty and Risk Besides the Standard Capital Asset Pricing Model (CAPM) and the Subjective Expected Utility (SEU) Model 教授经济学学生除标准资本资产定价模型(CAPM)和主观期望效用模型(SEU)外，处理不确定性和风险的不同模型

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.2

Lina Shoshani, M. E. Brady

{"title":"Teaching1 Economics Students about Different Models for Dealing with Uncertainty and Risk Besides the Standard Capital Asset Pricing Model (CAPM) and the Subjective Expected Utility (SEU) Model","authors":"Lina Shoshani, M. E. Brady","doi":"10.55365/1923.x2022.20.2","DOIUrl":"https://doi.org/10.55365/1923.x2022.20.2","url":null,"abstract":"There has been a great deal of uncertainty (doubt) and fear about how the COVID-19 corona virus would impact the world's economies in the future. This fear of the future would explain the manner in which individuals and countries have responded to the outbreaks by buying gold and/or other \"hard\" assets, which decision makers have great confidence in. In times of uncertainty (doubt), holding gold is a reliable and dependable way of combatting the likely impact of un-certain events on future events. The COVID-19 virus has generated a great deal of fear regarding the economic ef-fects of the virus on the economy. Holding hard assets would allow the holder of such assets to feel safer and more secure about their ability to successfully deal with and/or wait out such events . We argue that undergraduate students would be better prepared for decision making in the real world after they graduate if the standard approach taken in microeconomic courses based on risk assessment alone was supplemented by alternative treatments that do not model decision making as taking place only under the assumption of additivity and linearity as is made in CAPM and SEU. It is important to teach students how to modify their probabilities to transform them into decision weights which (a) consider uncertainty, but (b) simplify to probabilities if the uncer-tainty should diminish substantially in the future. This is accomplished by using Tversky -Kahneman's Cumulative Prospect Theory and Keynes's Conventional Coefficient model from the A Treatise on Probability. © 2022 Better Advances Press. All rights reserved.","PeriodicalId":52251,"journal":{"name":"Review of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84119654","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 Extent of Field-of-Study Mismatch in Thailand and its Impact on Earnings 泰国研究领域不匹配的程度及其对收入的影响

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.92

Akkaya Senkrua

引用次数: 0

Macroeconomic Factors and Value and Growth Strategies: Evidence from Brazil 宏观经济因素与价值和增长战略:来自巴西的证据

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.54

C. Carrasco-Gutierrez, Iasmin Messias

引用次数: 0

Financial Instruments for Improving the Technological Structure of Ukrainian Economy 改善乌克兰经济技术结构的金融工具

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.35

O. Sokolova, V. Bodrov, L. Lazebnyk

{"title":"Financial Instruments for Improving the Technological Structure of Ukrainian Economy","authors":"O. Sokolova, V. Bodrov, L. Lazebnyk","doi":"10.55365/1923.x2022.20.35","DOIUrl":"https://doi.org/10.55365/1923.x2022.20.35","url":null,"abstract":": In the conditions of economic integration into the world economic space, the importance of a competitive technological structure increases for Ukraine. Creating an effective economic base allows you to reproduce the functioning of the process in the face of threats and external challenges. To create conditions for socio-economic development, an important factor is the rational decision of financial policy, taking into account the priorities and strategies for managing the financial potential and the industrial complex. At the present stage, special attention is paid to the analysis of financial instruments for improving and stabilizing the economic structure to stimulate business activity, which is the strategic goal of the state economy in the context of decentralization. The purpose of the study is to identify and consider financial instruments and mechanisms for improving the technological structure of the economy and the organization of production by technological sectors and performance indicators, taking into account fluctuations in the country's qualitative structure. The improvement of the economic structure is a multi-vector process of developing financial stability, which is explained by the additional immobilization of mechanisms and resources that reduce the level of stability and independence. Financial instruments in one way or another influence the development of industrial enterprises, with the help of which the state has the opportunity to support and regulate industrial development. The practical significance lies in the use of the results of the study to improve the financial instruments of the technological system of Ukraine for the regulation of economic and industrial development.","PeriodicalId":52251,"journal":{"name":"Review of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84622719","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: 2

Impact of Municipal Financial Resilience on Sustainable Economic Development: Case of Ukraine 城市金融弹性对经济可持续发展的影响:以乌克兰为例

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.77

Alina Vysochyn, Ihor Molotok, V. Babenko, V. Merezhko, O. Holynska, Inna Rud

{"title":"Impact of Municipal Financial Resilience on Sustainable Economic Development: Case of Ukraine","authors":"Alina Vysochyn, Ihor Molotok, V. Babenko, V. Merezhko, O. Holynska, Inna Rud","doi":"10.55365/1923.x2022.20.77","DOIUrl":"https://doi.org/10.55365/1923.x2022.20.77","url":null,"abstract":"Reform of fiscal decentralization is one of the most effective modern tools to improve the efficiency of public and local finances, as it involves the transfer of some powers from central to sub-central governments according to the principle of subsidiarity. Therefore, one of the top priorities in public finance development nowadays is to ensure municipal financial resilience (financial capacity). In the paper it is proposed to measure municipal financial resilience (financial capacity) as an integral indicator of fifth parameters (ratio of revenue / cost / tax revenue of local budgets (excluding transfers) to revenue / cost / tax revenue of the consolidated budget, \"1\" reduced by the ratio of net intergovernmental transfers to own revenue of local budgets;ratio of own revenue of local budgets to their own expenditure) aggregated based on Fishburn formula. It is proposed to chose as a proxies of municipal sustainable economic development such indicators as consumer price index, current account balance, volume of credits to the private sector, net foreign direct investment, GDP growth, GDP per capita, gross capital formation, business density, employment ratio, R&D expenditures, trade turnover. Testing the hypothesis on relationship between municipal financial resilience (financial capacity) and its economic development is realized on data for Ukraine for the period 2008–2021. Method of modelling – regression analysis in Stata software. Based on the empirical research results it might be concluded that there are national peculiarities of relationship between municipal financial resilience (financial capacity) and its sustainable economic development in Ukraine, which might be considered in terms of fiscal decentralization reform implementation, counteraction to negative consequence of coronavirus disease pandemic and municipality post-pandemic recovery strategy. Copyright © 2022– All Rights Reserved.","PeriodicalId":52251,"journal":{"name":"Review of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80594471","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: 6

Environmental, Social, and Governance Factors in Emerging Markets: a Volatility Study 新兴市场的环境、社会和治理因素:波动性研究

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.81

G. Vuuren, Michael Marco

{"title":"Environmental, Social, and Governance Factors in Emerging Markets: a Volatility Study","authors":"G. Vuuren, Michael Marco","doi":"10.55365/1923.x2022.20.81","DOIUrl":"https://doi.org/10.55365/1923.x2022.20.81","url":null,"abstract":"Orientation: Asset managers constructing an emerging market portfolio of stocks should, along with more traditional risk metrics, consider ESG data in their due diligence and investment decision-making processes. Research purpose: To determine whether a company's higher relative focus on ESG incorporation results in the observation of lower levels of share price return volatility, as predicted by EWMA and GARCH models. Study motivation: Institutional investors wish to understand the role that ESG data plays in mitigating the risk of emerging market portfolios and whether the results necessitate the incorporation of ESG data in due diligence and investment decision-making processes. Research approach/design and method: Categorisation of emerging market stocks using ESG scores and return volatility predicted by EWMA and GARCH models allowed for the analysis of aggregate corporate market risk. These volatilities paired with their respective annual ESG scores permitted a more company-specific view of this relationship. Main findings: Companies with higher relative ESG Combined Scores exhibit lower levels of weekly volatility, but using annualised volatility weakens this relationship. The predictive ability of ESG scores to predict volatility is weak, and this weakens still further after the onset of crises, such as the COVID-19 global pandemic. Practical/managerial implications: Incorporating ESG data into portfolio performance analysis could assist in mitigating corporate market risk. Contribution/value add: Most research considers the state of ESG investing in developed markets rather than companies domiciled in emerging markets. This work could provide a more complete perspective of the state of ESG investing. Copyright © 2022– All Rights Reserved.","PeriodicalId":52251,"journal":{"name":"Review of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79562629","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 Marketing Strategy on the Competitiveness of Tourism and Hotel Businesses 营销策略对旅游酒店企业竞争力的影响

Review of Economics and Finance Pub Date : 2022-01-01 DOI: 10.55365/1923.x2022.20.47

Oleh Parubets, Oksana Kuchai, I. Melnyk, I. Antonenko, T. Samonova

{"title":"Impact of Marketing Strategy on the Competitiveness of Tourism and Hotel Businesses","authors":"Oleh Parubets, Oksana Kuchai, I. Melnyk, I. Antonenko, T. Samonova","doi":"10.55365/1923.x2022.20.47","DOIUrl":"https://doi.org/10.55365/1923.x2022.20.47","url":null,"abstract":": The relevance of the study is conditioned by the need to analyse modern marketing theory and its provi-sions and systematise current methods of marketing promotion of travel companies. In this regard, the purpose of the study is to develop an algorithm for creating a marketing strategy for a tourist and hotel business enterprise, describe the process of identifying competitors, disclose parameters for assessing the competitiveness of tourist and hotel business enterprises, systematise strategies for increasing demand during periods of low demand for tourist services, list elements of a modern marketing strategy for the development of tourist and hotel business enterprises, present the main characteristics of brand positioning in the market. The main approach in the study is the method of system analysis, which was used to consider a complex system of relationships between marketing strategy and the effectiveness of the tourism business. In addition, the following methods of scientific knowledge were used: synthesis, deduction, classification, data grouping, comparison, generalisation, and analysis of information sources. The study presents the results of the analysis, developed an algorithm for creating a marketing strategy for a tourist and hotel business enterprise, described the process of identifying competitors, identified the parameters for assessing the competitiveness of tourist and hotel business enterprises, systematised strategies for increasing demand during periods of low demand for tourist services, listed elements of a modern marketing strategy for the development of tourist and hotel business enterprises, presents the main characteristics of brand positioning in the market.","PeriodicalId":52251,"journal":{"name":"Review of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89592929","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