Public finance quarterly最新文献_第8页

Az állami beruházások és a hosszú távú gazdasági növekedés közötti kapcsolat feltárása 探索公共投资与长期经济增长之间的联系

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/psz_2020_2_1

Amna Sohail Rawat, L. Khan

引用次数: 0

Impact of Earnings Variability and Regulatory Measures on Income Smoothening in Islamic Banks : Evidence from an Emerging Market 收益变异性和监管措施对伊斯兰银行收入平滑的影响:来自新兴市场的证据

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/pfq_2020_3_5

Amina Malik, Babar Zaheer Butt, S. Din, Haroon Aziz

{"title":"Impact of Earnings Variability and Regulatory Measures on Income Smoothening in Islamic Banks : Evidence from an Emerging Market","authors":"Amina Malik, Babar Zaheer Butt, S. Din, Haroon Aziz","doi":"10.35551/pfq_2020_3_5","DOIUrl":"https://doi.org/10.35551/pfq_2020_3_5","url":null,"abstract":"This study focuses on identification of income smoothening practices and the impact of stringent regulations on income smoothening of Islamic banks listed on Pakistan Stock Exchange (PSX) for the period of 2010 to 2018. The frequency of income smoothing activities is evaluated through loan loss provisions (LLPs). Data has been retrieved through bank financial statements and financial statements analysis (FSA) issued by State Bank of Pakistan (SBP). In order to test income smoothening in Islamic banks, regression model has been employed. The findings of the study reveal that Islamic banks operating in Pakistan use income smoothening practices to achieve their objectives despite presence of Shariah Law. Further, the study also reveals that imposition of capital adequacy ratio through Basel Accords has significant and positive impact on reduction of income smoothing activities. Moreover, increase in the size of bank in terms of asset size has also positive impact through reduction of income smoothening in Islamic banks of Pakistan. Moreover, non-performing loans (NPL) and total loans (TL) also increase income smoothening. Similarly, GDP also increases income smoothening. The study provides sight not only for auditors and regulators but also for investors and general public. The study also highlights that there is a dire need for regulators to adopt strict and close monitoring on the distribution of earnings to avoid smoothening practices. Results also offer inputs to policymakers to customize their policies so that smoothening practices may be curtailed in Islamic banks and true picture be provided to investors about bank performance.","PeriodicalId":85366,"journal":{"name":"Public finance quarterly","volume":"65 1","pages":"397-410"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69880348","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

Opportunities for Simplification in the Personal Income Tax Systems of the Visegrad Countries 维谢格拉德国家简化个人所得税制度的机会

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/pfq_2020_4_6

Éva Bonifert Szabóné

{"title":"Opportunities for Simplification in the Personal Income Tax Systems of the Visegrad Countries","authors":"Éva Bonifert Szabóné","doi":"10.35551/pfq_2020_4_6","DOIUrl":"https://doi.org/10.35551/pfq_2020_4_6","url":null,"abstract":"Due to the numerous factors that can influence the impact of the tax system and redistribution, there is no single correct answer to the question of which composition of economic policy instruments needs to be applied to achieve a desired redistributive effect. The general aim of the study is to investigate in relation to the quantifiable parameters of income tax systems, whether the consideration of the aspects of fairness and justice does have an excessively negative effect on the simplicity of tax systems. The study investigates the possibilities of simplifying the personal income tax system’s composition in some Central and Eastern European countries, while tax burden curves of the system remain as constant as possible. To this end, the study sets up a theoretical, simplified tax model, the parameters of which are determined by a computer program, in order to generate tax burden curves corresponding most closely to the curves of the real tax system. Based on the analysis, it can be established that the theoretical system – in some cases with restrictions – provides a good approximation to the tax burden curves of the investigated countries. The chosen simple model has a good degree of approximation to a real system that does not have significant breakpoints in its tax burden curves, nor does it use a taxation method that fundamentally modifies the system (e.g., splitting). Practical examples help to understand that a complex personal income tax system in a given country is not necessarily the only possible solution to achieve a given tax burden curve, the function may be reproduced with a good approximation constructed from simpler basic elements.","PeriodicalId":85366,"journal":{"name":"Public finance quarterly","volume":"65 1","pages":"531-553"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69880626","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

Gazdasági kitettség és válságállóság exogén sokk esetén : A Covid–19-járvány rövid távú gazdasági hatása az EU-ban 经济暴露与危机对外部冲击的抵抗：新冠肺炎对欧盟的短期经济影响

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/psz_2020_3_1

Vivien Czeczeli, Pál Péter Kolozsi, Gábor Kutasi, Ádám Marton

引用次数: 4

Aging Society and Attitude to Risk 老龄化社会与风险态度

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/pfq_2020_4_1

M. Kuti, Z. Schepp

{"title":"Aging Society and Attitude to Risk","authors":"M. Kuti, Z. Schepp","doi":"10.35551/pfq_2020_4_1","DOIUrl":"https://doi.org/10.35551/pfq_2020_4_1","url":null,"abstract":"The objective of this study fills a gap in the Hungarian academic literature: its goal, on the one hand, is to systematise the research trends of decision-making and risk preferences at older ages according to the various methodological approaches, including researches based on experiment, questionnaire or wealth portfolio holding, and, on the other hand, to identify the impacts between age and financial literacy. The international academic literature shows that the researches on attitude to risk at older ages reached different conclusions depending on the research method used. In an experimental environment embedded in a play situation older people are rather risk-seeking, whereas in case of learning leading to a risky choice they are risk-averse. Based on the conclusion drawn from questionnaire surveys and portfolio selection methods, willingness to take risks decreases in older cohorts. The risk preferences dynamically changing with age highlight a new dimension of investment decisions. The research of the relationships between the investment experience accumulated with increasing age – which raises risk tolerance – and the cognitive abilities deteriorating as the end of the life-cycle approaches highlights several contradictions in the international literature.","PeriodicalId":85366,"journal":{"name":"Public finance quarterly","volume":"65 1","pages":"457-471"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69880732","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 Point of the Message is Something different 信息的要点是不同的

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/pfq_2020_1_4

József Banyár

引用次数: 0

Analysis of the Economic Impact of Mass Immigration in the Light of German Data 从德国数据分析大规模移民的经济影响

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/pfq_2020_1_5

T. Tatay, Katalin Bándy

引用次数: 0

The Financial System’s Resilience is Everything, But at what Cost? 金融体系的弹性就是一切，但代价是什么?

Public finance quarterly Pub Date : 2020-01-01 DOI: 10.35551/pfq_2020_4_2

Melinda Friesz