Esg Significance In Relation To Corporate Bankruptcy Prediction, 2025 American University in Cairo
Esg Significance In Relation To Corporate Bankruptcy Prediction, Sama Elkady
Theses and Dissertations
This thesis aims to enhance corporate risk assessment through studying ESG (Environmental, Social, and Governance) significance in modeling bankruptcy. Through using artificial intelligence’ natural language processing (NLP), we develop a proxy for ESG scoring based on companies annual reporting retrieved through EDGAR. We integrate the derived ESG score with traditional financial ratios used to calculate Altman’s Z-score (1968) in predicting bankruptcy. Through S&P’s Compustat, we obtain a sample of 108 healthy & bankrupt firms -spanning 14 years of fiscal observations- and match them through time and industry. We use stepwise GLM regression to estimate bankruptcy probability observing that ESG and …
Decoding The Dynamics In Financial Fraud, 2024 Airlangga University, Indonesia
Decoding The Dynamics In Financial Fraud, Triana Eva Adiningsih
Jurnal Akuntansi dan Keuangan Indonesia
This empirical study examines fraud for the entire period and then compares it with the latest trends in the five years. This study utilizes extensive data sets to analyze specific aspects of fraud, including causes, types, solutions, and real-world cases. This study conducted a systematic literature review of relevant literature by taking data from Scopus-indexed journals. Vosviewer was used to identify events, and spreadsheet file information was grouped manually. Interestingly, the cheating types of ‘five-year statistics’ and ‘all-time statistics’ show slightly different frequencies. The main research topics focus on money laundering and financial crimes. To explore this further, this report …
Critical Success Factors Of Users’ Continuous Intention Of Adopting Cryptocurrency Exchanges: Las-Vict Principle, 2024 Edith Cowan University
Critical Success Factors Of Users’ Continuous Intention Of Adopting Cryptocurrency Exchanges: Las-Vict Principle, Cheuk Hang Au, Kevin K.W. Ho, Kris M.Y. Law, Dickson K.W. Chiu
Research outputs 2022 to 2026
The proliferation of cryptocurrencies has contributed to the emergence of different cryptocurrency exchanges (crypto-exchanges). While these services may be regarded as FinTech, involving cryptocurrency as the major transaction currency has made these services potentially distinctive from other fiat-based FinTech services. Thus, the critical success factors of crypto-exchanges may not be identical to those of other fiat-based FinTech services. Grounded on theories related to FinTech and service varieties, we developed a survey and explored the role of different factors on users’ continuous intention of adopting the crypto-exchanges. Our results suggested that when users perceive specific crypto-exchange characteristics, they are more likely …
Exploring Impression Management Through Eye-Tracking: A Study On The Influence Of Photographs In Financial Reporting, 2024 Edith Cowan University
Exploring Impression Management Through Eye-Tracking: A Study On The Influence Of Photographs In Financial Reporting, Andreas Hellmann, Simone D. Scagnelli, Lawrence Ang, Suresh Sood
Research outputs 2022 to 2026
The objective of financial reporting is to provide decision-useful information for a wide range of existing and potential stakeholders. However, the lack of regulation regarding the use of visual imagery may enable companies to engage in impression management and subtly influence the reader's judgments through careful selection of images and how they obfuscate or clarify information. This study utilizes eye-tracking technology to experimentally examine how non-explanatory photographs influence the performance judgments of non-professional investors comprising business students and auditors. Participants were exposed to an excerpt of the management summary of a fictitious company's annual report. The findings suggest while a …
Eurobond Performance In Emerging Markets: Do Economic Freedom, Contagion Effects, And Strategic International Relations Matter?, 2024 American University in Cairo
Eurobond Performance In Emerging Markets: Do Economic Freedom, Contagion Effects, And Strategic International Relations Matter?, Nourhan El Rouby
Theses and Dissertations
This paper studies the factors moving the Eurobond prices and credit ratings issued by emerging markets. By observing a set of variables, including economic freedom, contagion effects and strategic international relations, the study was able to provide a thorough analysis of their impact on Eurobond performance. The research was able to identify significant determinants of Eurobond prices and credit ratings through utilizing panel data from 20 emerging markets over a period of April 2018 to September 2023 where we applied fixed effects linear regression and ordered logit models. The findings resulted that economic freedom, in specific enforcement of contracts, and …
Comparative Analysis Of Univariate And Deep Learning Models For Stock Market Prediction In Frontier Markets: A Case Study Of Pakistan, Bangladesh, And Sri Lanka, 2024 Institute of Business Management
Comparative Analysis Of Univariate And Deep Learning Models For Stock Market Prediction In Frontier Markets: A Case Study Of Pakistan, Bangladesh, And Sri Lanka, Rabia Sabri, Sobia Iqbal
Business Review
This research is focused on the stock exchanges of Sri Lanka, Pakistan, and Bangladesh due to their significant presence in the Asian region and the unique challenges, opportunities, and presence in these frontier markets. The study assesses both traditional stationary models, Autoregressive Integrated Moving Average (ARIMA) and Theta traditional stationary models, with the contemporary deep learning models Long Short-Term Memory (LSTM) with 1D Convolutional Neural Network (CNN) support. The study covers the sample period of historical data from 2020–2023 to include the in and out of sample forecasting of 2024–2025. The time series comprises linear and nonlinear datasets to capture …
Entire Volume Journal Of Banking And Financial Economics 2024, 1(21), 2024 Wydział Zarządzania Uniwersytetu Warszawskiego/Faculty of Management University of Warsaw
Entire Volume Journal Of Banking And Financial Economics 2024, 1(21)
Journal of Banking and Financial Economics
Entire Volume Journal of Banking and Financial Economics 2024, 1(21)
Lead-Lag And Volatility Point Change Estimations For Cryptocurrencies, 2024 School of Economics, University of Johannesburg, South Africa
Lead-Lag And Volatility Point Change Estimations For Cryptocurrencies, Jules Clement Mba, Jenipher Mutale, Ehounou Serge Eloge Florentin Angaman
Journal of Banking and Financial Economics
This study investigates the lead-lag relationships and volatility dynamics among four major cryptocurrencies – Bitcoin, Ethereum, Solana, and Polygon – during the turbulent year of 2022. We address three primary research questions: (1) To what extent do lead-lag relationships exist among major cryptocurrencies, and how do they challenge or support the notion of market efficiency in the crypto space? (2) How do volatility change points in different cryptocurrencies relate to each other and to major market events? (3) How can the identification of lead‑lag relationships and volatility change points inform cryptocurrency investment strategies and risk management practices? Using a continuous-time …
A Method To Incorporate Transition Risk Stress Testing Into Probability Of Default (Pd) Models For Retail Portfolios, 2024 Warsaw School of Economics
A Method To Incorporate Transition Risk Stress Testing Into Probability Of Default (Pd) Models For Retail Portfolios, Aneta Ptak-Chmielewska, Paweł Kopciuszewski, Alvaro Fernandez Toledo
Journal of Banking and Financial Economics
Climate risk is one of the type of risks in a bank’s portfolio which is not fully recognized, and its impact on the future overall risk changes is hidden due to lack of sufficient knowledge at the moment. One of the most common data comes from Network for Greening the Financial System (NGFS) scenarios related to climate change (physical risk) and climate policy and technology trends (transition risk). In the paper we focused on the transition risk scenarios and their impact on the economy and in particular on credit risk. Our main goal was to check the tendency in the …
Syariah Security Crowdfunding: A Risk Analysis For Alternative Funding Solution For Indonesian Small And Medium Enterprises, 2024 Universitas Indonesia
Syariah Security Crowdfunding: A Risk Analysis For Alternative Funding Solution For Indonesian Small And Medium Enterprises, Mochammad Salman Alfarisi, Mulawarman Hannase
Journal Of Middle East and Islamic Studies
Micro, Small and Medium Enterprises (MSMEs) are currently a sector that plays an important role in increasing economic stability in Indonesia. However, one of the crucial obstacles related to the development of micro businesses is limited capital and low access to sources of capital. Sharia securities crowdfunding is a form of innovation in the field of financial technology that offers alternative solutions for MSME players in obtaining funding. However, sharia securities crowdfunding is not without risk analysis. Some of the other risks of crowdfunding are inadequate regulatory and regulatory frameworks, low public awareness and trust, and the risk of dehumanization …
How To Communicate Your Estate Plan To Family When Dividing Assets Unequally, 2024 University of Nebraska-Lincoln
How To Communicate Your Estate Plan To Family When Dividing Assets Unequally, Anastasia Meyer
Cornhusker Economics
Provides a guide on how to effectively approach estate planning conversations with family members.
Effectively communicating an estate plan with unequal division of assets can be challenging, but approaching it with honesty, clarity, and empathy can help prevent misunderstandings and family disputes. Open, respectful dialogue—paired with thoughtful explanations and transparent documentation—ensures that your family understands your intentions and feels valued, even when tough decisions are involved.
Ultimately, your goal isn’t just to pass down financial assets, but also to preserve family harmony and, where applicable, secure the future of a viable business. By fostering open communication, you can create a …
Portfolio Optimization Tools In Excel, 2024 University of Richmond
Portfolio Optimization Tools In Excel, Tom Arnold, Joseph Farizo, Terry D. Nixon
Finance Faculty Publications
The calculus and matrix algebra associated with finding the optimal portfolio weights for a set of securities is tedious. However, Excel tools make the computations simple, with minimal programming needed to arrive at optimal portfolio weights for securities in a portfolio. We provide this Excel template and techniques for acquiring optimal weights, which is useful for personal and institutional investors alike.
Takeaways:
- The calculus and matrix algebra associated with optimizing portfolio weights is tedious, but not necessary for finding optimal portfolio weights
- Based on the results of the associated mathematics for optimizing portfolio weights, a very accessible Excel template can …
Political Stability As A Risk Factor In Global Markets, 2024 University of Nebraska at Kearney
Political Stability As A Risk Factor In Global Markets, Noel Pavel Jeutang
Mountain Plains Business Conference
Using a unique and comprehensive measure of political stability, we evaluate the relationship between countries’ political stability and stock market performance around the world from 2000 to 2022. We find this risk factor is unique relative to other well-established risk factors across emerging and developed markets and that it is a priced risk factor in emerging countries.
Production Box Cost Estimating Relationships For Dod Avionics, 2024 Air Force Cost Analysis Agency
Production Box Cost Estimating Relationships For Dod Avionics, Carla J. Cisneros, Edward D. White, Brandon M. Lucas, Jonathan D. Ritschel, Robert D. Fass, Shawn M. Valentine
Faculty Publications
The authors use historical information obtained from the Cost Assessment Data Enterprise to estimate recurring production unit cost for DoD avionics via cost estimating relationships (CERs). The specific modeled responses include mean unit cost, median unit cost, and the 100th production unit cost (T100) utilizing learning curve theory. For T100, the authors adopt both a multiplicative and an additive error for CER comparison. Recommended CERs consist of the mean unit cost and the T100 utilizing a multiplicative error. Moreover, results reveal that weight has a significant effect on cost as well as a potential underaccounting of real price change or …
Do Women Receive Worse Financial Advice?, 2024 Hong Kong University of Science and Technology
Do Women Receive Worse Financial Advice?, Utpal Bhattacharya, Amit Kumar, Sujata Visaria, Jing Zhao
Research Collection Lee Kong Chian School Of Business
We arranged for trained undercover men and women to pose as potential clients and visit all 65 local financial advisory firms in Hong Kong. At financial planning firms, but not at securities firms, women were more likely than men to receive advice to buy only individual or only local securities. Female clients who signaled high confidence, high risk tolerance, or a domestic outlook were especially likely to receive this suboptimal advice. Our theoretical model explains these patterns as a result of statis-tical discrimination interacting with advisors’ incentives. Taste-based discrimination is unlikely to explain the results.
Sequential Investment Decisions For Mining Projects Using Compound Multiple Volatility Real Options Approach, 2024 Edith Cowan University
Sequential Investment Decisions For Mining Projects Using Compound Multiple Volatility Real Options Approach, Atul Chandra, Peter R. Hartley
Research outputs 2022 to 2026
Managers evaluating investment decisions in mining projects have reported using the net present value approach (NPV). However, NPV has the drawback of collapsing variations from uncertainties in future project cash flows into a fixed expected project value today. Ignoring future uncertainties and contingencies can lead managers to make incorrect up-front binary decisions, such as investing in or abandoning the project now. The real options analysis approach (ROA) instead captures variations from uncertainties as volatilities in project value and allows flexibility in investment decisions to be contingent on information as it is revealed. Managers we consulted agreed that ROA is superior …
How To Make Everything About Sanctions? Review Of “How Sanctions Work, Iran And The Impact Of Economic Warfare” By Bajoghli, Nasr, Salehi-Isfahani, And Vaez (2024), 2024 The University of Texas Rio Grande Valley
How To Make Everything About Sanctions? Review Of “How Sanctions Work, Iran And The Impact Of Economic Warfare” By Bajoghli, Nasr, Salehi-Isfahani, And Vaez (2024), Siamak Javadi, Alborz Pakravan, Ojan Bahadori, Alireza Akhondi
Finance Faculty Publications and Presentations
A 2024 book titled “How Sanctions Work, Iran and the Impact of Economic Warfare” by Narges Bajoghli, Vali Nasr, Djavad Salehi-Isfahani, and Ali Vaez argues that sanctions have had no impact on the behavior of the Islamic Republic in Iran (IR hereafter) and have instead inflicted pain on the ordinary Iranians. While the book does offer a useful description of the evolution of the sanctions against the IR, it fails in its analysis and conclusions.
A Garch-Midas Approach To Modelling Stock Returns, 2024 The University of Texas Rio Grande Valley
A Garch-Midas Approach To Modelling Stock Returns, Ezekiel N.N. Nortey, Ruben Agbeli, Godwin Debrah, Theophilus Ansah-Narh, Edmund F. Agyemang
School of Mathematical and Statistical Sciences Faculty Publications and Presentations
Measuring stock market volatility and its determinants is critical for stock market participants, as volatility spillover effects affect corporate performance. This study adopted a novel approach to analysing and implementing GARCH-MIDAS modelling methods. The classical GARCH as a benchmark and the univariate GARCH-MIDAS framework are the GARCH family models whose forecasting outcomes are examined. The outcome of GARCH-MIDAS analyses suggests that inflation, interest rate, exchange rate, and oil price are significant determinants of the volatility of the Johannesburg Stock Market All Share Index. While for Nigeria, the volatility reacts significantly to the exchange rate and oil price. Furthermore, inflation, exchange …
Examining Performance Disparities In Palestinian Banks: A Comparative Analysis Of Islamic And Conventional Banks, 2024 Department of Accounting, Faculty of Business and Communication, An-Najah National University, Nablus, Palestine.
Examining Performance Disparities In Palestinian Banks: A Comparative Analysis Of Islamic And Conventional Banks, Ra'fat Al-Jallad, Luai Antari
An-Najah University Journal for Research - B (Humanities)
The study investigates the performance differentials between Islamic and conventional banks operating in Palestine across a number of dimensions. Research Problem: The study addresses the lack of comparative analysis between Islamic and conventional banks in Palestine, specifically examining performance disparities using the CAMEL approach. This is critical due to the recent trend of conventional banks acquiring Islamic banks, raising questions about the underlying performance differences. Purpose: The main purpose of this study is to analyze and compare the performance of Islamic and conventional banks in Palestine from 2011 to 2021, focusing on key performance dimensions such as capital adequacy, asset …
College Students’ Financial Literacy At An Eastern Kentucky Regional University, 2024 University of Kentucky
College Students’ Financial Literacy At An Eastern Kentucky Regional University, Hannah Barrett, Steve S. Chen, Christy L. Trent
Atlantic Marketing Journal
Financial literacy is essential knowledge for recent college graduates to be able to manage a stable job, career, and personal wealth. This study examined the financial literacy of 228 college students (49.8% males; 50.2% females) at a regional public university in Eastern Kentucky. The participants were randomly invited to complete a 22-item online financial literacy survey, which was created based on the work of Cude et al. (2006). The survey contents included five demographic questions and 17 five-point Likert scales (1= strongly agree/ always, 5= strongly disagree/ never) to rate participants’ knowledge on investing, saving, budgeting, and credit. The data …