Forecasting Turkish Lira Via Combination Of Ann And Econometrics Approaches -An Emerging Market Case Study,
2025
Karachi Institute of Economics and Technology
Forecasting Turkish Lira Via Combination Of Ann And Econometrics Approaches -An Emerging Market Case Study, Muhammad Asadullah, Nayab Jumani
Business Review
This study aims to forecast the Turkish Lira to US Dollar exchange rate from January 2011 to December 2024, withholding the 2024 data for forecasting. The study utilizes four econometric models (ARIMA, Naïve, exponential smoothing, and NARDL) along with one Artificial Neural Network model (ANN). It heeds the recommendation of Poon and Granger (2003) to combine these models and assess their predictive accuracy using two methods: equal-weights and variance-covariance. The study finds that the combined model outperforms individual models in predicting the exchange rate. The fusion of ANN and NARDL emerges as particularly effective in forecasting the Turkish Lira's performance. …
From Answering Questions To Replacing Staff: Analyzing The Effect And Possibilities Of Artificial Intelligence On The Structure Of Organizations,
2025
Seattle Pacific University
From Answering Questions To Replacing Staff: Analyzing The Effect And Possibilities Of Artificial Intelligence On The Structure Of Organizations, Caleb J. Cissna
Honors Projects
Over the last several years artificial intelligence has risen in commonality, availability, knowledge and usage across multiple industries, including business firms and organizations. Terming the multitude of tasks that are completed by these machines “artificial intelligence” is somewhat dismissive – the broadness of the tasks is unmatched by most any other innovation within the 21st century. The widespread nature of artificial intelligence today have advanced many organizations, with many using the technology to create competitive advantage for themselves in certain industries, while others have seen it level the competitive field between firms in a given industry. Following this research …
Entire Volume Journal Of Banking And Financial Economics 2025, 1(23),
2025
Wydział Zarządzania Uniwersytetu Warszawskiego/Faculty of Management University of Warsaw
Entire Volume Journal Of Banking And Financial Economics 2025, 1(23)
Journal of Banking and Financial Economics
Entire Volume Journal of Banking and Financial Economics 2025, 1(23)
Case Studies In Modern Accountancy: Exploring Financial Ethics, Corporate Influence, And Regional Development Through An Interdisciplinary Lens,
2025
University of Mississippi
Case Studies In Modern Accountancy: Exploring Financial Ethics, Corporate Influence, And Regional Development Through An Interdisciplinary Lens, Caroline Klocke
Honors Theses
This thesis compiles five case studies researched and completed during the 2023-2024 academic year, each exploring a different topic pertaining to the accounting profession today. With the guidance of Dr. Victoria Dickinson, professor at the University of Mississippi, these case studies were completed throughout the Accountancy 420 class to fulfill the research requirements of the Sally McDonnell Barksdale Honors College and the Patterson School of Accountancy. The first case emphasizes reliable international financial reporting, while exploring the exposure of fraudulent Chinese companies listed on U.S. stock exchanges that costed American investors billions of dollars. The second explores U.S. military spending …
Government Guidance Funds And Corporate Innovation: An Empirical Examination Based On Hangzhou,
2025
Singapore Management University
Government Guidance Funds And Corporate Innovation: An Empirical Examination Based On Hangzhou, Huaping Wang
Dissertations and Theses Collection (Open Access)
Since the establishment of China's first market-oriented government guidance fund in 2002, these funds have actively played a supportive role in addressing market failures and promoting the innovative development of technology enterprises by reducing information asymmetry in the primary equity market, releasing positive signals, and alleviating financing constraints. With the establishment and development of China's multi-tiered government guidance fund system, related research has gradually emerged. However, current studies primarily explore whether government guidance funds have fulfilled their role in fostering innovation from a macro perspective, with limited in-depth discussion from a micro-level on how these funds should conduct their investment …
A 360 Perspective About Corporate Finance,
2025
University of Arkansas, Fayetteville
A 360 Perspective About Corporate Finance, Braden C. Fancher
Finance Undergraduate Honors Theses
This thesis provides a comprehensive reflection on the author's experience in the “Finance 360” rotational internship program at Burns & McDonnell, a program designed to expose interns to the diverse functions within a corporate finance and accounting department. Over the course of 10 weeks, the author completed 12 different rotations, gaining hands-on experience across various financial disciplines. This paper highlights five rotations—Operational Financial Analysts, Financial Analytics, Internal Audit, Project Accounting, and Investments—that had the greatest impact on reshaping the author’s understanding of corporate finance. These experiences revealed the deep integration of finance with accounting, analytics, and strategic decision-making, far beyond …
The Price Of Profit: A Literature Review On Private Equity's Impact On Patient Care And Healthcare Costs,
2025
University of Arkansas, Fayetteville
The Price Of Profit: A Literature Review On Private Equity's Impact On Patient Care And Healthcare Costs, Sahil Shrimankar
Finance Undergraduate Honors Theses
In healthcare, private equity (PE) firms have rapidly expanded their presence across sectors, acquiring and consolidating providers. They typically operate on short investment cycles and employ strategies like heavy debt financing, roll-ups of fragmented practices, and aggressive cost-cutting to maximize returns. This expansion has sparked debate: supporters argue PE provides needed capital and efficiency to struggling providers, while critics contend that profit-driven ownership risks compromising care quality and access. This literature review synthesizes current evidence on how PE’s profit-driven approach affects patient care and healthcare costs. Overall, the findings suggest that PE ownership often raises costs—through higher prices and increased …
The Effect Of Financial Literacy On Firm Performance,
2025
Sacred Heart University
The Effect Of Financial Literacy On Firm Performance, Erwin Joseph
Doctoral Dissertations (DBA)
This study examines the influence of financial literacy on firm performance by integrating state-level financial literacy data with firm-level metrics including Market Capitalization, Tobin’s Q, ROA, ROE, and EBIT. Utilizing data from the National Financial Capability Study (NFCS) and COMPUSTAT for the years 2009 to 2024, and a sample size of 100,126 observations, it highlights how higher levels of financial literacy correlate with improved firm valuation and profitability. The study employs the Financial Literacy Index and its imputed counterpart using the Fully Conditional Specification (FCS) method to address missing data. Regression analyses reveal that financial literacy significantly impacts both valuation …
Optimal Prediction Of Bitcoin High And Low Prices: An Exploratory Analysis,
2025
Sacred Heart University
Optimal Prediction Of Bitcoin High And Low Prices: An Exploratory Analysis, Tatiana Rice
Doctoral Dissertations (DBA)
The purpose of this paper is to provide traders with a trader friendly model that would enable them to accurately predict Bitcoin’s high price and low price so that they are able to make more informed decisions for improved risk management when trading the highly volatile asset – Bitcoin. To achieve this purpose, this paper poses the following research question: Which statistical model-frequency combination best predicts – in terms of Mean Absolute Percent Error (MAPE), Akaike Information Criterion (AIC), and Schwart Information Criterion (SIC) – Bitcoin’s high price and low price? This paper also poses the objective of ensuring that …
Treasury Analysis & The Digital Divide,
2025
University of Arkansas, Fayetteville
Treasury Analysis & The Digital Divide, Alivia Shaver
Finance Undergraduate Honors Theses
This paper outlines the daily tasks of a Treasury Analyst Intern and highlights the problematic issues that arise from the digital divide in the telecommunications industry.
Planting The Seed: Rumors And Ceo Dismissal,
2025
University of Nebraska-Lincoln
Planting The Seed: Rumors And Ceo Dismissal, Diego Villalpando
Dissertations and Doctoral Documents, University of Nebraska-Lincoln, 2023–
Researchers have investigated the short-term performance implications of CEO dismissals as assessed through investor reactions to CEO dismissal announcements. While the corporate governance mechanism of dismissal that boards orchestrate when CEOs underperform could be positively perceived by investors, empirical evidence suggests that a positive association between CEO dismissals and investor reactions is equivocal. Thus, in my dissertation, I examine investor reactions to S&P 500 dismissal announcements and further understanding about this intriguing relationship through the development of theory that incorporates the important theoretical mechanism of information uncertainty. Since it is increasingly hard for boards to reduce the information uncertainty surrounding …
Corporate Treasury Operations – Goldman Sachs,
2025
University of Arkansas, Fayetteville
Corporate Treasury Operations – Goldman Sachs, Mason Berres
Economics Undergraduate Honors Theses
This thesis details the author's internship experience at Goldman Sachs within the Corporate Treasury Operations (CTO) division during the summer of 2024, with a specific focus on the integration of artificial intelligence (AI) into financial services. The internship included exposure to the company's operations in liquidity management, funding, and payment clearing, with particular emphasis on optimizing processes to enhance operational efficiency and risk mitigation. The thesis also explores three major projects: the Repair Tracking Uplift (RTU), which applied data analytics to reduce payment errors; the Payment Clearing Operations Coverage Dashboard (PCO CD), designed to streamline team coordination across global offices; …
Measuring Market Sentiment Towards Ceo Incentives,
2025
Mississippi State University
Measuring Market Sentiment Towards Ceo Incentives, Joshua C. Whitehead
Honors Theses
In the absence of agency issues, CEOs will act in the best interest of shareholders by maximizing firm value. Existing literature documents the individual agency of the CEO and how firms incentivize CEO behavior to align with shareholder interests. To study groups with varying initial incentives, I divide CEOs into internal and external origin to determine differences in compensation. This study then utilizes regressions to study the differences between candidate origin and corresponding incentive structure. I hypothesize that CEO profile influences compensation design to address candidate skills and agency costs, impacting firm value and market perception of CEO future value. …
Winner’S Curse On Malaysian Ipos: Does The Phenomenon Still Exist?,
2025
Universiti Teknologi MARA (UiTM), Malaysia
Winner’S Curse On Malaysian Ipos: Does The Phenomenon Still Exist?, Norliza Che Yahya, Rasidah Mohd Rashida, An Le Thuy Ngoc, Ayesha Anwar
The Indonesian Capital Market Review
This study examines the winner’s curse phenomenon through Amihud and Yong’s winner’s curse measurements. Amihud’s allocation rate (ALLOCTJ) is the natural log of the reciprocal of investor demand or oversubscription ratio while Yong’s institutional investor participation is gauged based on a type of IPOs which is issued via private placement (DPRIVATE). Using data set from 560 initial public offerings (IPOs) issued from January 2000 until December 2022 for listing on Bursa Malaysia, the results of the cross-sectional multiple regression analyses show that ALLOCTJ and DPRIVATE are consistently significantly negative in influencing initial returns of the IPOs. The former relationship indicates …
Investment Analysis Of Costco: A Comprehensive Strategic And Financial Evaluation,
2025
East Texas A&M University
Investment Analysis Of Costco: A Comprehensive Strategic And Financial Evaluation, Shane Johnson
Honors Theses
We provide an investment analysis of Costco Wholesale Corporation by conducting an analysis of the fundamental business model, industry standing, financial performance, and long-term investment potential. As a leader in the warehouse retail industry, Costco has experienced significant growth through its cost-efficient operations, bulk sales approach, superior supply chain management, membership fee revenue streams, high quality product offerings, and strong customer loyalty. This research seeks to answer the question: Is Costco a good investment opportunity based on its valuation, competitive positioning, financial performance, and overall industry outlook? We begin with a business and industry overview, analyzing Costco’s business strategy in …
Corporate Environmental (Ir)Responsibility Of Chinese Construction Companies,
2025
Singapore Management University
Corporate Environmental (Ir)Responsibility Of Chinese Construction Companies, Bin Zhang
Dissertations and Theses Collection (Open Access)
Grounded in a multi-stakeholder perspective, this study delves into the impact of Corporate Environmental Responsibility (CER) on the performance of firms in the Chinese construction industry. Utilizing a panel dataset of listed companies in the Chinese construction sector from 2008 to 2023, the research conducts empirical analysis by incorporating key stakeholder relationship indicators (customer concentration, government support, and bank loan costs) while controlling for firm characteristics, aiming to assess the effect of corporate environmental information disclosure on financial performance. The findings reveal that CER significantly positively affects financial performance. More crucially, this relationship is partly attributed to the strengthening of …
The Impact Of Eva Performance Evaluation System On Market Value Management Of State-Owned Listed Companies,
2025
Singapore Management University
The Impact Of Eva Performance Evaluation System On Market Value Management Of State-Owned Listed Companies, Xiaohua Cai
Dissertations and Theses Collection (Open Access)
Against the backdrop of intensifying global economic competition and the deepening reform of state-owned enterprises (SOEs), improving the operational efficiency of central state-owned enterprises has become a core issue in China’s pursuit of high-quality economic development. Meanwhile, as market-oriented reforms advance and capital markets open further in both directions, central state-owned enterprises’ market value management has increasingly emerged as a pivotal mechanism connecting national strategies with market value, necessitating the establishment of an institutional framework that balances value creation and value realization. In 2009, the State-owned Assets Supervision and Administration Commission of the State Council introduced the Economic Value Added …
Simulation Research On Financial Competitive Intelligence Early Warning Mechanism Of New Ventures Based On Big Data Thinking,
2025
School of Information Management, Shandong University of Technology, Zibo, 255049
Simulation Research On Financial Competitive Intelligence Early Warning Mechanism Of New Ventures Based On Big Data Thinking, Keping Wang, Jingyi Zhou, Yao Che, Zhen Qiao
Journal of Scientific Information Research
[Purpose/significance]Financial competitive intelligence is a core element in promoting the stable development of new ventures. Based on big data thinking, exploring the construction process and simulation effects of financial competitive intelligence warning mechanisms for new ventures is of great significance for improving their competitiveness and promoting healthy development. [Method/process]The article takes startups as the research object, constructs a financial competitive intelligence early warning mechanism for startups based on big data thinking, and uses system dynamics methods to construct causal relationship diagrams and system flow diagrams, and simulates them using Vensim PLE software. [Result/conclusion]The system dynamics model constructed in the article …
Aggregate Earnings And Global Equity Returns,
2025
Sabancı Üniversitesi
Aggregate Earnings And Global Equity Returns, Yigit Atilgan, K. Ozgur Demirtas, A. Doruk Gunaydin, Aynur Dilan Tosun, Duygu Zirek
Department of Accounting and Finance Faculty Scholarship and Creative Works
This paper compares the predictive power of aggregate earnings for equity returns in international markets. We rank 51 non-US countries based on the time-series averages of their price synchronicity and market concentration measures, calculated at the firm level using daily data. We find that aggregate earnings negatively predict one-quarter-ahead stock returns in country groups that contain less synchronous and concentrated markets, as opposed to country groups that contain more synchronous and concentrated markets. We attribute the negative predictive power of aggregate earnings to a business cycle effect because high (low) corporate earnings correspond to economic expansions (contractions) that tend to …
From Poolside To Profit Margins: A Deep Dive Into Playa Hotels & Resorts,
2025
Loyola Marymount University
From Poolside To Profit Margins: A Deep Dive Into Playa Hotels & Resorts, Elisabeth Zygmunt, Hai Tran
Honors Thesis
From a consumer perspective, all-inclusive leisure travel requires few worries coupled with plenty of enjoyment and relaxation. However, from a managerial perspective, there are countless operations to run to ensure a positive guest experience. Playa Hotels & Resorts (NASDAQ: PLYA) is a leader in all-inclusive resorts in vacation destinations worldwide. Compared to some of the biggest names and players in the industry, Playa has a relatively small market cap of $1.49B. To maintain its growth trajectory, Playa must capitalize on the increasing popularity of all-inclusive models and consumer health concerns, along with continuing to expand its portfolio through collaborations with …
