Financial Management on Emerging Markets in the Post-pandemic Period

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Markets".

Deadline for manuscript submissions: closed (31 October 2023) | Viewed by 1667

Special Issue Editor


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Guest Editor
Faculty of Marketing, Bucharest University of Economic Studies, 010374 Bucharest, Romania
Interests: financial policies and strategies; financial risks; investments and financial funds; financial forecasts; financial diagnosis; digital technology; climate change

Special Issue Information

Dear Colleagues,

The COVID-19 pandemic, digital transformation and climate change have disrupted the activities of entities at a global level. In this context, companies have been forced to implement new innovative tools for financial preparation and support, for financial analysis and company results, and for making investments and financial diagnosis in response to the pandemic, global processes, and changes. The European Union and governments, based on legal regulations and programs approved by the European Commission, can allocate funds in lei and foreign currency to respond to current challenges. Often, the ceilings allocated annually are partially drawn or sometimes insufficient to support the implementation of the necessary investments for all companies. Governments must know how companies respond to crisis situations and climate change and identify the most vulnerable sectors of activity in order to substantiate financial management policies and strategies that support companies in times of crisis.

Many theoreticians and practitioners have turned their attention to the analysis of the importance of attracting private and/or public capital flows in order to implement the investments in quality infrastructure necessary to increase the level of business performance and resistance to global changes. In practice, the implementation of projects and investment strategies must take into account a multitude of political risks—political instability or the impact of war on emerging markets; economic risks—bilateral agreements for attracting foreign funding sources or developing resilience and recovery plans for the allocation of public funding; or other risks specific to the company, such as operating risks, product risks, image risks, liquidity risks, solvency risks, and others.

Because the specialized literature abounds in studies that examine financial mechanisms, the analysis of financial results, the financial diagnosis of companies, the nature of funding sources, and investments and risks generated as a result of financial management actions, in this issue, we propose an exceptional extensive approach including concepts, innovative tools, and new cases, which can lead to the development of financial management through the implementation of digital technology, sustainability principles, and plans to overcome barriers in the financing of enterprises, both those subject to market risks and those exposed to climate risks. The use of digital technologies in financial management plays an important role in simplifying transactions, in the implementation of efficient software, in the integration of web applications for financial processes, in the development of digital solutions for financial activity, in creating better opportunities for getting to know clients, and also for better conditions for communication, collaboration, professional development, and improving the inclusion and active involvement of human resources. The implementation of European and government policies and the development of new business models and tools aimed at stimulating financial investments in emerging economies would help practitioners improve financial management and manage risks related to climate change.

This Special Issue contributes to the specialized literature by examining the drivers and barriers in the process of planning, identifying, and conserving financial resources. We also aim to identify the effects of the macro environment on the financial activity of a company, as well as its organization and systemic management in the context of the amplification of the digital process and climate changes.

Dr. Mirela Cătălina Tűrkeş
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

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Keywords

  • financial mechanisms
  • financial analysis of the company
  • analysis of the company's results
  • financial diagnosis of the company
  • risk and company risk management
  • financial management of investment management
  • financial management system (software and processes)
  • financial management and digital transformation
  • climate change and disaster risk finance

Published Papers (1 paper)

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Research

13 pages, 1255 KiB  
Article
The Financial Derivatives Market and the Pandemic: BioNTech and Moderna Volatility
by Alberto Manelli, Roberta Pace and Maria Leone
J. Risk Financial Manag. 2023, 16(10), 420; https://doi.org/10.3390/jrfm16100420 - 22 Sep 2023
Viewed by 1415
Abstract
Global society’s comfort and well-established certainties have been unpredictably and foundationally undermined by the emergence of the COVID-19 virus. The announcement of the pandemic by the WHO has halted global economic activities, and the financial markets have recorded drastic losses. In this context [...] Read more.
Global society’s comfort and well-established certainties have been unpredictably and foundationally undermined by the emergence of the COVID-19 virus. The announcement of the pandemic by the WHO has halted global economic activities, and the financial markets have recorded drastic losses. In this context of uncertainty and economic downturn, many traditional companies have been negatively impacted, but the biotechnology sector, which has already been growing for some years, registered high growth rates and earnings. In particular, this study focused on the two most significant biotech companies, BioNTech and Moderna, the two start-ups that first commercialized COVID-19 vaccines. The GARCH (1,1) model examines the relation of two stock prices and the volatility of derivatives markets before and after the outbreak of the pandemic. The variables used in the analysis are the U.S. technologic market index, the market volatility, and Brent future prices. The results suggest a different reaction of market volatility and Brent future prices on the return of both companies. Additionally, during the COVID-19 period, a contagion effect between both companies and the technological market was observed. Full article
(This article belongs to the Special Issue Financial Management on Emerging Markets in the Post-pandemic Period)
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