Governing The Gold Rush Into Emerging Markets: A Case Study Of Indonesia’S Regulatory Responses To The Expansion Of Chinese-Backed Online P2p Lending,
2020
Hong Kong University of Science and Technology, China
Governing The Gold Rush Into Emerging Markets: A Case Study Of Indonesia’S Regulatory Responses To The Expansion Of Chinese-Backed Online P2p Lending, Angela Tritto, Yujia He, Victoria Amanda Junaedi
Patterson School of Diplomacy and International Commerce Faculty Publications
Peer-to-peer (P2P) lending has the potential to boost financial inclusion in emerging markets. This paper contributes to the literature on fintech governance in emerging Asian markets. It examines the case of the Indonesian government’s approach in regulating the P2P lending sector using both primary interviews and secondary firm-level data. Driven by regulation tightening in China and regulatory gaps in Indonesia, Chinese investments became the largest in this sector contributing, however, to growing risks from illegal business practices. The Indonesian government responded by creating new regulations and institutions, mitigating risks without stifling the potential for financial inclusion. We conclude a proactive …
Using Macroeconomic Variables To Preserve The Predictive Power Of Bankruptcy Prediction Models Across Time,
2020
Bryant University
Using Macroeconomic Variables To Preserve The Predictive Power Of Bankruptcy Prediction Models Across Time, Edward Golas
Honors Projects in Finance
At its core, bankruptcy prediction is a binary classification problem where a researcher attempts to model a company’s financial status, defined as either bankrupt or non-bankrupt, based upon a slew of financial ratios, market indicators and even macroeconomic variables. Several studies (Altman and McGrough, 1974; Moyer, 1977 and Mensah, 1984) have noted that such models tend to suffer reduced accuracy when predicting bankruptcy for time periods other than the one in which they were trained. A possible solution to this problem is to include macroeconomic variables in the model, since such variables fluctuate over time and are suspected of impacting …
Implementing The Flipped Classroom In An Undergraduate Corporate Finance Course,
2020
Embry-Riddle Aeronautical University
Implementing The Flipped Classroom In An Undergraduate Corporate Finance Course, Jayendra S. Gokhale
Publications
This study analyzes flipped mode of instruction in Corporate Finance. In the current environment, with many students in quarantine and greater emphasis on self-study, it is even more relevant to understand how students understand and retain concepts derived from online environment. In this study, performance of students in flipped mode is compared with the performance in traditional lecture-style. In flipped class, students watched a brief video-lecture, took an online assessment quiz prior to attending an interactive discussion-based class session, unlike the traditional lecture style. The results of this study suggest that with flipped mode, most students take greater responsibility of …
Methodologies And Techniques For Determining The Value Of An Aircraft,
2020
Embry-Riddle Aeronautical University
Methodologies And Techniques For Determining The Value Of An Aircraft, Bijan Vasigh, Farshid Azadian, Kamran Moghaddam
Publications
Aircraft valuation and the estimation of an accurate aircraft price is undoubtedly a challenging task that has significant consequences for airlines. This paper presents an asset valuation model to show how a series of endogenous as well as exogenous factors can influence the value of an aircraft. Specifically, a discounted cash flow methodology is used to forecast the valuation of an old or new generation aircraft. Both total operating revenue and aircraft operating costs are taken into account to devise a reliable pre-tax profit measurement that is used as the basis of the discounted cash flow analysis. A sensitivity analysis …
Do User-Generated Ratings Affect Hotel Valuations? – An Analysis Of The Chicago Hotel Market,
2020
University of Missouri-St. Louis
Do User-Generated Ratings Affect Hotel Valuations? – An Analysis Of The Chicago Hotel Market, Shailesh Patel
Dissertations
Today’s travelers are increasingly relying on aggregated online opinions to make purchase decisions. One of the sectors most impacted by these online reviews is the hospitality industry, where consumer review websites such as TripAdvisor, Expedia, and Bookings.com play a critical role in influencing consumer's choice of hotel and the price they will pay for the room. Recently, there have been studies investigating the various aspects of user-generated online reviews and ratings. The purpose of this paper is to investigate the impact of user-generated ratings on hotel valuations. Our paper does this using regression analysis to study the impact of TripAdvisor …
A Cross-Country And Country-Specific Modelling Of Stock Market Performance, Bank Development And Global Equity Index In Emerging Market Economies: A Case Of Brics Countries,
2020
East Texas A&M University
A Cross-Country And Country-Specific Modelling Of Stock Market Performance, Bank Development And Global Equity Index In Emerging Market Economies: A Case Of Brics Countries, Ebere Ume Kalu, Augustine C. Arize
Faculty Publications
This study investigated in cross-country and panel form the interactions of bank development, stock market development and global equity index, focusing on the BRICS countries covering the period 1990 to 2018. We found a bidirectional causation between bank development (CPSGDP) and stock market performance as proxied by the depth of the markets (MCAPGDP) in the BRICS countries. Cointegration was also found using the panel cointegration framework and the bounds test for the ARDL estimators. This largely proves that a long-run relationship of both direct and reverse nature exists between bank development and stock market performance. For the bank development and …
Investors’ Reaction To Fund’S Performance: A Study On Fund Flow-Performance Relationship In Islamic Equity Funds - An International Evidence,
2020
Universiti Malaya
Investors’ Reaction To Fund’S Performance: A Study On Fund Flow-Performance Relationship In Islamic Equity Funds - An International Evidence, Maimunah Johari
Student Works (2020-2029)
For many Islamic fund investors, in particular, the Muslims, the aim of their investment is not solely for financial rewards. Spiritual merits accrued through the observance of the Islamic principles brought forth another form of satisfaction. The compulsion to any investment, which involves any prohibited elements and businesses as prescribed by Shari’ah law, becomes an unidentified persuasion. These were despite theories, which expound that Islamic investment is a unique category of ethical investment invites a myriad of issues of investment inefficiencies. Investors who choose to invest with Islamic funds are considered irrational as they are ignoring the profitability and performance …
The Reality And Ambition Of The Training Process In The Banking Sector In Palestine,
2020
Arab American University
The Reality And Ambition Of The Training Process In The Banking Sector In Palestine, Sharif Abukarsh
Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث
The aim of this study was twofold: investigating the reality and ambition of the training process in the Palestinian Banking Sector–with its various dimensions, and accordingly making appropriate recommendations for the development of the training process to help those who received training at the Palestine Institute for Banking and Finance Studies. Hopefully, the recommendations will help foster the design, implementation and evaluation of programs and training in the future. A sample of 6% was taken from the 4684 employees of the banking sector, and 75% of the heads of the HR departments. A questionnaire was designed and then results were …
Speech – Iobm-Icbf,
2020
Institute of Business Administration, Karachi, Pakistan
Speech – Iobm-Icbf, Ishrat Husain Dr.
Faculty Research - Talks, Speeches, & Discourse
First of all it is a great pleasure and honour for me to be participating in this particular Conference. I was here, I think a year ago and I always give importance to events of this nature as they create awareness about Islamic finance. Let me also pay a tribute to the founder of this fine Institution which will be celebrating 25 years. This is because of Mr. Shahajan Karim a senior colleague of mine in the civil service that he took upon this challenge upon himself at a very difficult time. I have seen the transition from a very …
The Extent Of The Customers Satisfaction On The Elements Of The Marketing Mix Applied In The Algerian Public Commercial Banks : An Empirical Study,
2020
Badji Mokhtar University
The Extent Of The Customers Satisfaction On The Elements Of The Marketing Mix Applied In The Algerian Public Commercial Banks : An Empirical Study, Aboubaker Khoualed
Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث
This study aims; in general, to know the extent of the customer’s satisfaction on the various elements of the marketing mix: Product, Pricing, Promotion, Place, Physical evidence, People, and Processes applied in the Algerian public commercial banks. To achieve the above-mentioned method, the researcher used a descriptive and an analytical field survey which is designed according to Likert Quintet scale. This survey was distributed randomly to a sample consisting of (150) customers of the Algerian commercial public banks which are six, namely: The National Fund for Savings and Reserve (CNEP), the National Bank of Algeria (BNA), the Popular Credit of …
The Intellectual Capital Development In The Palestinian Universities In Gaza Strip As Perceived By The Employees With Supervising Positions,
2020
Al-Aqsa University – Gaza
The Intellectual Capital Development In The Palestinian Universities In Gaza Strip As Perceived By The Employees With Supervising Positions, Ashraf Meshmesh
Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث
The study aimed to identify the actual role being played by the top management of the Palestinian universities in Gaza Strip in developing the intellectual capital together with its various dimensions. To achieve this purpose, an exclusive questionnaire was randomly distributed to (344) supervisors, out of which (289) questionnaires were brought back, with a response rate of (84.01). The study used the descriptive analytical method and the appropriate statistical methods for analyzing the data using the SPSS. The study concluded that (77.80%) of the respondents stated that the top management in the Palestinian universities in Gaza contributes to the development …
The Relationship Between Government Expenditure And Gdp In Nonoil Iraqi Economy,
2020
Dijlah University College, Baghdad
The Relationship Between Government Expenditure And Gdp In Nonoil Iraqi Economy, Hasan Radhi
Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث
In this paper, the relationship between government ependiture and Gross Domestic Product (GDP) in non-oil Iraqi economy has been examined. This study analyzed the evolution of the government expenditure (consumption and investment) in the Iraqi economy for the period of (1990-2014).It is assumed that non-oil GDP is the indicator that reflects the performance of macroeconomic activity and any decline in GDP is attributed to the increase in the consumer behavior in the government expenditure policy , the proportion of the consumer expenditure,which is financed by oil revenues, and the transformation of state institutions into social security institutions at the expense …
The Impact Of The Shareholders' Rights On The Revenues Of The Banking Services: A Case Study From The Iraqi Private Commercial Banks,
2020
Dijlah University College, Baghdad
The Impact Of The Shareholders' Rights On The Revenues Of The Banking Services: A Case Study From The Iraqi Private Commercial Banks, Ali Bni Lam
Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث
The research aimed to measure the type and direction of the relationship between the shareholders ' rights and the revenues of the banking services for a sample of Iraqi private commercial banks, which were selected in the style of the cluster sample. The two selected banks were: the Iraqi Islamic Bank for Investment and Development, and the Kurdistan International Bank for Investment and Development. After accomplishing the process of the quantitative analysis for the data of the two banks, the null hypothesis was accepted. This shows the absence of the relationship between the total shareholders' rights and revenues of banking …
Data Driven Value-At-Risk Forecasting Using A Svr-Garch-Kde Hybrid,
2020
Humboldt-University Berlin
Data Driven Value-At-Risk Forecasting Using A Svr-Garch-Kde Hybrid, Marius Lux, Wolfgang Karl Hardle, Stefan Lessmann
Sim Kee Boon Institute for Financial Economics
Appropriate risk management is crucial to ensure the competitiveness of financial institutions and the stability of the economy. One widely used financial risk measure is value-at-risk (VaR). VaR estimates based on linear and parametric models can lead to biased results or even underestimation of risk due to time varying volatility, skewness and leptokurtosis of financial return series. The paper proposes a nonlinear and nonparametric framework to forecast VaR that is motivated by overcoming the disadvantages of parametric models with a purely data driven approach. Mean and volatility are modeled via support vector regression (SVR) where the volatility model is motivated …
The Effect Of The Affordable Care Act On Medicaid Payments In Long-Term Care Facilities,
2020
Marshall University
The Effect Of The Affordable Care Act On Medicaid Payments In Long-Term Care Facilities, Victoria Walker, Morgan Ruley, Laikyn Nelson, Whitney Layton, Alberto Coustasse
Management Faculty Research
Long-term care has been defined as a continuation of medical services, social services, and housing for patients with chronic health conditions, limiting their abilities to partake in everyday activities. In the United States, the Affordable Care Act (ACA) was enacted to expand coverage for Medicaid and improve healthcare quality and cost. This qualitative research study aimed to evaluate the impact of the (ACA) on long-term care to determine if it has increased Medicaid payments. The methodology for this study utilized a systematic review complemented by a semi-structured interview. It was found that the ACA has increased Medicaid payments, and the …
How Does The Capability Of Top Management Influence Financial Reporting Fraud?,
2020
Bryant University
How Does The Capability Of Top Management Influence Financial Reporting Fraud?, Michael Wojcikiewicz
Honors Projects in Finance
This study examines the attributes which capture the capability of a perpetrator to engage in financial reporting fraud. Fraudulent financial reporting can be devastating for a company and its employees. Capability includes such measures as the person’s position and the function in which they work. The study reveals how capability influences the occurrence of fraud, the amount of the fraud, and whether capability interacts with concealing the fraud from an audit. The results of the thesis should assist fraud professionals, investors, and regulators as well as stakeholders of corporations by examining publicly available data and highlighting characteristics that can contribute …
Can Retail Investors Learn From Insiders?,
2020
Singapore Management University
Can Retail Investors Learn From Insiders?, Ekkehart Boehmer, Bo Sang, Zhe Zhang
Research Collection Lee Kong Chian School Of Business
This paper examines the trading patterns of retail investors following insider trading and the corresponding price impact. Retail investors follow the opportunistic purchases by insiders, but not their routine purchases. Neither investor attention nor common information such as earnings announcements or analysts forecast re- visions explains the results. They keep following insider purchases in subsequent four quarters. Moreover, for stocks with opportunistic insider purchases, those that retail investors bought yield higher cumulative abnormal returns than those that retail investors sold. The effect is mostly driven by the information compo- nent of the retail trades, rather than liquidity provision or temporary …
Macroeconomic Stabilization In The Digital Age,
2020
Asian Development Bank Institute
Macroeconomic Stabilization In The Digital Age, John Beirne, David Fernandez
Research Collection Lee Kong Chian School Of Business
Macroeconomic Stabilization in the Digital Age provides insights into factors affecting the macroeconomic management of the economy in the digital age. Policy makers need to be aware of the increasing prominence of the digital economy and digital finance and seek to better understand how continued digitalization will affect policies aimed at managing the economy. For emerging market economies (EMEs), macroeconomic policy challenges have been exacerbated by the digital finance revolution in the aftermath of the global financial crisis and the coronavirus disease (COVID-19) pandemic, when many EMEs experienced large and volatile capital flows. Policy makers must also navigate through fluctuating …
How To Make Venture Capital Funding Work For You,
2020
Singapore Management University
How To Make Venture Capital Funding Work For You, Ser Keng Ang
Research Collection Lee Kong Chian School Of Business
From Facebook to Google, some of the biggest brands we know today got their start from venture capital funding. Prof Ang Ser Keng from the Lee Kong Chian School of Business, shares how and when involving venture capitalists in your startup can propel it to success.
Regulation Of Securities Offerings In California: Is It Time For A Change After A Century Of Merit Regulation?,
2020
Loyola Marymount University and Loyola Law School
Regulation Of Securities Offerings In California: Is It Time For A Change After A Century Of Merit Regulation?, Neal H. Brockmeyer
Loyola of Los Angeles Law Review
The California securities law originated in 1913 from a populist movement that embodied a paternalistic attitude toward the protection of investors. It was characterized by the registration of offerings of securities with few exemptions and exclusions, a qualitative review of the merits of those offerings and an administrator with broad authority to implement and enforce the law. While the California securities law is still based on merit review, exclusions and exemptions have been added and expanded over the years by the California legislature and securities regulators. More recently, Congress has preempted state registration and merit review of various securities and …
