2025 September - 61 articles
Concerns about ensuring a sustainable environment are growing, attracting major attention from policy professionals worldwide. Therefore, this study investigates the nonlinear impacts of fiscal consolidation on CO2 emissions in 17 OECD countries from...
This article presents a transparent and replicable framework to assess the net worth of public pension systems within the broader context of fiscal sustainability and public sector balance sheets. Using Spain as a case study, it transforms Eurostat&r...
This paper investigates the information transmission performance of GIFT Nifty futures using high-frequency data, a novel area of study given their recent introduction. We employ Johansen cointegration tests, Granger causality tests, GARCH models, Ha...
We examine the quantile-time-frequency connectedness of stock returns among BRICS and G7 markets over the period January 2000 to January 2024, employing the Quantile Vector Autoregression (QVAR) model. Our findings reveal that spillover effects inten...
This study develops a conceptual framework for integrating Triple-Entry (TE) accounting with machine learning (ML) to enhance transparency in financial reporting and auditing. TE extends the double-entry system by introducing a cryptographic third en...
This study investigates whether firm-specific narratives extracted from the news add predictive content to monthly stock return models. Using bidirectional encoder representations from transformer-based topic modeling (BERTopic), we processed Microso...
The article presents a broad and exhaustive approach to financial auditing studies, as well as their current state in academic research. Its main objective is to examine practices in the face of existing challenges. Financial auditing is strongly inf...
Doing business in today’s turbulent and, above all, changing environment represents a great challenge for financial managers in achieving quality management of the organization. Financial data and financial basis are key sources of information...
A new methodology is introduced that incorporates advanced higher moment evaluation in a new approach to the Portfolio Selection problem, supported by effective Computational Intelligence models. The Portfolio Intelligence (PI) model extracts hidden...
The banking system, as the most important sector of the economy of every country, often encounters a number of risks. Financial institutions of that system operate in an unstable environment, and without having complete information about that environ...
This paper develops a tractable method to solve a general equilibrium model with bank runs and exogenous leverage ratio restrictions, enabling welfare analysis of macroprudential policy across the business cycle. By computing bankers’ value fun...
Crowdfunding has gained popularity among entrepreneurs who seek funding for their business projects on crowdfunding platforms. The success of these campaigns largely depends on the ability to attract and convince backers to support the fundraising in...
The rapid growth of fintech is revolutionizing the delivery, access, and management of financial services. It also presents new risks and opportunities for investment. Despite growing scholarly interest, current research often remains fragmented and...
The impact of climate change is posing substantial risks for contemporary businesses and individuals. In response, insurance companies are adapting old and adopting new strategies and practices. This study aims to identify operational and structural...
FinTech has become a central research focus in modern finance, driven by the increasing complexity and volume of financial data [...]
This study looks at how oversight committees affect CEO compensation governance and how this affects publicly traded banks’ financial performance. It specifically looks at how compensation committee mandates and structural traits affect how CEO...
This study presents a bibliometric analysis of the literature on financial options pricing. This study examined 1713 peer-reviewed journal articles published between January 2002 and January 2023. The literature on options pricing was analyzed using...
Background: Life insurance markets are experiencing unprecedented transformation in the wake of economic disruption, evolving consumer expectations, and behavioral shifts following the COVID-19 pandemic. Traditional economic models often fail to capt...
Based on panel data of 273 prefecture-level cities in China from 2006 to 2022, this study empirically examines the impact and mechanism of green finance on urban low-carbon development from the perspective of government regulation. The study yields t...
Understanding the role of liquidity and leverage is crucial in assessing financial performance, particularly in the consumer goods sector. This study examined the impact of liquidity and leverage on financial performance, using a sample of 13 consume...
This study analyzes the application of International Accounting Standard IAS 41—Agriculture in poultry companies (ISIC A0146.03) in the province of Tungurahua, Ecuador, with the aim of evaluating the degree of regulatory compliance, the level o...
This study investigates how management accounting systems (MASs), specifically the balanced scorecard (BSC) and activity-based costing (ABC), foster organizational ambidexterity (OA) and, in turn, enhance firm performance. Drawing on the resource-bas...
The aim of this research was to examine the impact of digitalisation on the use of banking products among consumers in the Republic of Croatia, with a particular focus on analysing habits, perceptions, and barriers related to digital banking. The stu...
This study evaluates three pairs trading strategies—the distance method (DM), mispricing index (MPI) copula, and mixed copula—across the Chinese equity market from 2005 to 2024, incorporating time-varying transaction costs. To enhance com...
Board gender diversity (BGD) has gained attention as a governance mechanism that may influence corporate financial decisions. However, empirical evidence from Latin America and the Caribbean (LAC) remains limited despite the region’s significant gend...
This paper examines the relationship between currency misalignment and income inequality across 70 countries from 1998 to 2021. Currency misalignment occurs when the actual exchange rate diverges significantly from the equilibrium exchange rate. Usin...
This research examines the relationship between environmental, social, and governance (ESG) criteria and tax behavior, with a particular focus on tax avoidance (TA). Despite the extensive literature on ESG and tax behavior, there remains a research g...
This study examines the role of artificial intelligence (AI) tools in enhancing tax fraud detection within the ambit of the OECD Tax Administration 3.0, focusing on how these technologies streamline the detection process through a new “Adaptive...
In Ecuador’s financial system, private banks and savings and credit cooperatives coexist, both playing a key role in financial intermediation and the economic inclusion of traditionally underserved sectors. During the COVID-19 pandemic, these i...
I examine how the association between the current period’s budget variance and the subsequent period’s budget is affected by various governmental monitoring mechanisms. Specifically, I consider the following governance and monitoring mech...
The relationship between corporate governance and shareholder value remains a subject of contention, with studies reporting positive, weak, or context-dependent effects. Drawing on multiple theoretical perspectives, this study examines how and when c...
This study investigates the dynamics of financial contagion using a flexible mixture copula framework, specifically a combination of the Survival Clayton and Survival Gumbel copulas, to estimate the lower tail dependence coefficient, interpreted as a...
This paper investigates the use of reinforcement learning (RL) algorithms to learn adaptive hedging strategies for derivatives under realistic market conditions, incorporating permanent market impact, execution slippage, and transaction costs. Market...
Access to business financing in Europe has historically been a challenge for small and medium-sized enterprises (SMEs), which represent a significant share of economic activity and employment in Europe. This issue has been significantly intensified s...
This study investigates the short-run and long-run dynamics of the financial cycle in South Africa, focusing on its macroeconomic drivers and their asymmetric effects across different phases. It addresses the persistent challenge in emerging market e...
The main objective of this study is to evaluate the predictive performance of traditional econometric models and deep learning techniques in forecasting financial volatility under structural breaks. Using daily data from four Latin American stock mar...
Our paper investigates how emotions and cognitive biases shape small investors’ decisions in a bearish market or are perceived as such. Using semi-structured interviews and a focus group, we analyze the behavior of eight management science stud...
This study investigates the mediating role of self-awareness within the broader framework of business acumen, emphasizing its connection to entrepreneurial accounting proficiency and financial performance in community enterprises across Thailand. The...
The Bitcoin network is a sophisticated accounting system that facilitates consensus and verification of transactions through cryptographic proof, eliminating the need for a central authority. Given its success, the underlying technology, generally re...
This study explores the impact of credit spreads—defined as the difference between corporate bond yields and matched government bond yields—and macro-financial conditions on Japanese firms’ decision-making regarding whether to issue...
This paper proposes a methodology for implementing a custom-developed explainability model for credit rating using behavioral data registered during the lifecycle of the borrowing that can replicate the score given by the regulatory model for the sol...
Against the backdrop of the “dual circulation” development pattern and the in-depth advancement of the Regional Comprehensive Economic Partnership (RCEP), the interconnection between China and global financial markets has significantly in...
Ensemble learning techniques continue to show greater interest in forecasting the volatility of cryptocurrency assets. In particular, XGBoost, an ensemble learning technique, has been shown in recent studies to provide the most accurate forecast of B...
On 22 September 2020, China announced an ambitious decarbonization commitment, leading to significant stock market reactions. Using a comprehensive dataset of China’s listed firms and a manually updated political connections index, we employ an...
This study investigates the effect of the educational level of top management team (TMT) family members on firm innovation among publicly listed family firms in China. Using a panel of 14,338 firm-year observations from 2015 to 2023, this study emplo...
The market for digital assets, and more specifically cryptocurrencies, is growing, although their adoption in small island countries remains absent. This paper explores the potential benefits of integrating cryptocurrencies into portfolios alongside...
This paper examines the interconnection and wavelet coherence between the green cryptocurrency market and the green conventional market, utilizing daily data. The research period covers 1 July 2020 to 30 September 2024. Employing the time-varying par...
This paper presents a cluster analysis of 20 spa enterprises operating in Slovakia, based on key financial indicators for the years 2018 and 2023. A comparative time-based approach was adopted to capture changes in financial performance over time. Th...
This research examines the relationship between capital structure, intellectual capital, and financial performance among insurance companies in Sub-Saharan Africa (SSA). Anchored in a positivist paradigm, the study employed descriptive and quantitati...
Climate change poses an existential threat, spurring businesses and financial markets to integrate environmental accounting and ESG (Environmental, Social, and Governance) disclosures into decision-making. This study aims to examine how environmental...
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