Special Issue "Financial and Systematic Risks of Enterprises"

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

Deadline for manuscript submissions: 31 July 2021.

Special Issue Editors

Dr. Katarina Valaskova

Guest Editor
Dr. Lucia Svabova
Website1 Website2
Guest Editor
Department of Economics, Faculty of Operation and Economics of Transport and Communications, University of Zilina, 010 26 Zilina, Slovak Republic
Interests: data analysis; statistical analysis; econometrics; counterfactual evaluations; financial derivatives
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Special Issue Information

Dear Colleagues,

Risk and uncertainty are key attributes of all human activities, especially business ones. Research and development of new products, the introduction of modern technologies, entrances to new markets, mergers and acquisitions, large investment projects, corporate restructuring, etc. are examples of activities whose future results are uncertain and may deviate from planned or anticipated results. A prerequisite for a prosperous business is a successful risk management, so risk analysis in the current global and dynamically changing market environment has become an integral part of business analysis. The importance of the financial and systematic risks management is intensified in the current conditions, when the global spread of COVID-19 is affecting the enterprises; knowing how to reduce the accompanying risks is key.

This Special Issue is particularly interested in papers focusing on (1) entrepreneurship in small and medium-sized enterprises; (2) mathematical modeling in economics and management; and (3) impact of COVID-19 on the operation of enterprises.

We invite authors to contribute original research articles in theory, practice, and applications on financial and systematic risks of enterprises with emphasis on the invisible business risks of COVID-19. All submissions must contain original unpublished work not being considered for publication elsewhere.

Prof. Dr. Tomas Kliestik
Dr. Katarina Valaskova
Dr. Lucia Svabova
Guest Editors

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 papers will be 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.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Small and medium-sized enterprises
  • Entrepreneurship
  • Financial markets
  • COVID-19
  • Financial structure
  • Systematics risks
  • Risk management
  • Regional economic growth
  • Economic development
  • International studies
  • Emerging countries
  • Corporate finance
  • Mathematical modeling
  • Consumer behavior
  • Organizational behavior
  • Innovation management
  • Transfer pricing
  • Earnings management

Published Papers (1 paper)

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Research

Open AccessArticle
Creative Accounting as an Apparatus for Reporting Profits in Agribusiness
J. Risk Financial Manag. 2020, 13(11), 261; https://doi.org/10.3390/jrfm13110261 - 30 Oct 2020
Cited by 5 | Viewed by 432
Abstract
The economic results of a company are an important tool for many entities, e.g., for internal entities as well as for external entities. As the economic results of a company are often the only source of information that informs the company’s partners about [...] Read more.
The economic results of a company are an important tool for many entities, e.g., for internal entities as well as for external entities. As the economic results of a company are often the only source of information that informs the company’s partners about the managerial activities of their company, it is necessary to present these economic results using real numbers. However, companies prefer to achieve better results by applying the principles of creative accounting, which leads to improved economic values being shown to be achieved during an accounting period. The purpose of this article is to apply models that have been developed to detect creative accounting, which occurs under conditions that help enterprises to adjust their financial statements and tax bases and involves using creative accounting techniques to become competitive or to be able to take advantage of deductions. These models were applied to the Slovak Republic’s agriculture, forestry, and fishing sector (sector A), which is highly affected by earnings manipulation. This article provides a numerical expression of companies, which were previously, with some probability level, involved in conducting financial statement manipulation. Subsequently, the results that were obtained have been displayed using receiver operating characteristic (ROC) curves. The outputs of the analysis show that a large proportion of the companies in this sector tend to use creative accounting, which is not only harmful for entrepreneurs and their business partners in sector A, but also for the Slovak Republic at large, as the Slovak government cannot determine whether the reported accounting results reflect a company’s real financial situation. Full article
(This article belongs to the Special Issue Financial and Systematic Risks of Enterprises)
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