Financial Mathematics and Sustainability

A special issue of Mathematics (ISSN 2227-7390). This special issue belongs to the section "Financial Mathematics".

Deadline for manuscript submissions: 31 October 2024 | Viewed by 2500

Special Issue Editors


E-Mail Website
Guest Editor
Department of Financial Economics and Accounting, University of Murcia, Campus de Espinardo, 30100 Murcia, Spain
Interests: financial mathematics; corporate social responsibility; partial least squares structural equation modeling; gender economics studies; globalization; green economics; health economics; international business management; accounting
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Department of Economics and Business, University of Almería, La Cañada de San Urbano, 04120 Almería, Spain
Interests: financial mathematics; financial operations; partial least squares structural equation modeling; panel data linear regressions; logit and probit models; applied econometrics; ethical banking; gender economics studies; health economics; corporate social responsibility
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Financial mathematics focuses on applying mathematical formulas and equations to financial problems, market modeling, and data analysis. With this approach, finance professionals can better understand the performance of companies, including profitability and growth potential. These aspects are crucial to ensuring the economic sustainability of companies. That is the ability of organizations to manage the resources they have and responsibly generate profitability over the long term.

On the other hand, investors and savers are increasingly aware of sustainability issues. They want to know what activities are financed with their savings and, in many cases, invest in instruments that achieve specific social or environmental objectives. Sustainable and responsible investment (SRI) is an investment philosophy that integrates environmental, social, and governance (ESG) criteria.

Under these two premises, financial mathematics has become an indispensable ally in achieving the UN's Sustainable Development Goals (SDGs), contributing to eradicating poverty, protecting the planet, and ensuring prosperity for all.

Therefore, this Special Issue focuses on applying financial mathematics to sustainability, providing a platform for researchers to present their novel and unpublished papers with stunning results.

Dr. José Manuel Santos Jaén
Dr. María del Carmen Valls Martínez
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 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. Mathematics is an international peer-reviewed open access semimonthly 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 2600 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

  • financial mathematics
  • sustainability
  • sustainable finance
  • green finance
  • ESG

Published Papers (2 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

20 pages, 668 KiB  
Article
Bankruptcy Prediction for Sustainability of Businesses: The Application of Graph Theoretical Modeling
by Jarmila Horváthová, Martina Mokrišová  and Martin Bača
Mathematics 2023, 11(24), 4966; https://doi.org/10.3390/math11244966 - 15 Dec 2023
Viewed by 1094
Abstract
Various methods are used when building bankruptcy prediction models. New sophisticated methods that are already used in other scientific fields can also be applied in this area. Graph theory provides a powerful framework for analyzing and visualizing complex systems, making it a valuable [...] Read more.
Various methods are used when building bankruptcy prediction models. New sophisticated methods that are already used in other scientific fields can also be applied in this area. Graph theory provides a powerful framework for analyzing and visualizing complex systems, making it a valuable tool for assessing the sustainability and financial health of businesses. The motivation for the research was the interest in the application of this method rarely applied in predicting the bankruptcy of companies. The paper aims to propose an improved dynamic bankruptcy prediction model based on graph theoretical modelling. The dynamic model considering the causality relation between financial features was built for the period 2015–2021. Financial features entering the model were selected with the use of Domain knowledge approach. When building the model, the weights of partial permanents were proposed to determine their impact on the final permanent and the algorithm for the optimalisation of these weights was established to obtain the best performing model. The outcome of the paper is the improved dynamic graph theoretical model with a good classification accuracy. The developed model is applicable in the field of bankruptcy prediction and is an equivalent sophisticated alternative to already established models. Full article
(This article belongs to the Special Issue Financial Mathematics and Sustainability)
Show Figures

Figure 1

12 pages, 569 KiB  
Article
The Ordered Weighted Average Sector Liquid Return Index: A Method for Determining Financial Recovery from Sectoral Debt
by Salvador Linares-Mustarós, Maria Àngels Farreras-Noguer, Joan Carles Ferrer-Comalat and José M. Merigó
Mathematics 2023, 11(23), 4839; https://doi.org/10.3390/math11234839 - 30 Nov 2023
Viewed by 630
Abstract
The primary aim of this article is to demonstrate that using the average of ratios as a representative value for measuring the health of a sector does not constitute a valid procedure. After mathematically demonstrating this objective, the article will then focus on [...] Read more.
The primary aim of this article is to demonstrate that using the average of ratios as a representative value for measuring the health of a sector does not constitute a valid procedure. After mathematically demonstrating this objective, the article will then focus on introducing a new index for estimating the potential debt return value for a sector or group of companies. Next, the article details the start of the process for creating a new index to improve investors’ understanding of the risk associated with a sector or a group of companies meeting short-term obligations based on assigned probabilities of future sales. Given that said value is intended to represent an indicator of expected liquid solvency, its construction will take treasury tensions into account. An Ordered Weighted Average type of aggregation function is used to aggregate the magnitudes in this scenario. Consequently, the second objective of the present work is the creation of this index, which provides an initial estimate of how much money can be recovered from a sector’s debt. Full article
(This article belongs to the Special Issue Financial Mathematics and Sustainability)
Show Figures

Figure 1

Back to TopTop