scholarly journals Global financial crisis

2016 ◽  
Vol 1 (1) ◽  
pp. 67
Author(s):  
MSc. Jusuf Qarkaxhija ◽  
MSc. Labinot Hashani
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
High Rate ◽  
Economic Policies ◽  
Industrialized Countries ◽  
Recent Developments ◽  
Global Aspect ◽  
Countries In Transition ◽  
Political Economic

The most recent developments in economy are a clear indicator of many changes, which are a result of this high rate pacing, which also demonstrates as such. Market economy processes occur as a result of intertwining of many potential technological and human factors, thereby creating a system of numerous diver-gences and turbulences. Economics, a social science, is characteri-sed with movements from a system to another system, and is har-monized with elements or components which have impacted the development and application of economic policies as a result. This example can be illustrated with the passing from a commanded system (centralized) to a self-governing (decentrali-zed) system, while the movement from a system to another is known as transi-tion. Such transition in its own nature bears a number of problems of almost any kind (political, economic, social, etc.), and is charac-terised with differences from a country to another.Financial crisis is a phenomenon consisting of a perception of economic policies and creation of an economic and financial stabi-lity in regional and global structures. From this, one may assume that each system has its own changes in its nature, and as a result of these changes, we have the crisis of such a system. Even in the economic field, if we look closely, we have such a problem, where development trends both in human and technological fields have created a large gap between older times and today, thereby crea-ting dynamics with a high intensity of action. If we dwell on the problem, and enter into the financial world, we can see that the so-called industrialized countries have made giant leaps in deve-lopment, while countries in transition have stalled in many fields, as a result of a high rate of corruption and unemployment in these countries, and obviously these indicators are directly connected, thereby stroking the financial system in these countries.Corruption is an element, which directly and indirectly influences the pro-cess of attracting foreign investment, and further influencing the growth of unemployment, and in turn expanding the financial crisis, where finances are already fragile.In the following sections, we will elaborate on the financial crisis in a global aspect, the impacts of this crisis in economic development, and the role of stock exchange in finance, thereby creating a multi-dimensional horizon of the problem.

scholarly journals Donald Trump, America First, dan Deglobalisasi: Bagaimana Kelanjutannya?

2019 ◽  
Vol 6 (1) ◽  
pp. 30
Author(s):  
Helsi Eka Putri ◽  
Aspin Nur Arifin Rivai
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Economic Policies ◽  
Donald Trump ◽  
Transnational Communities ◽  
The Us ◽  
The One ◽  
Political Economic ◽  
Research Show ◽  
Key Questions

Abstrak Terpilihnya Donald Trump di satu sisi menjadi primadona bagi basis politik ultra kanan atau kadang disebut the looser of globalization, di sisi lain sebagai ancaman bagi pendukung globalisasi khususnya mereka (baik negara, kelompok pebisnis, dan masyarakat transnasional) yang khawatir atas menguatnya fenomena deglobalisasi. Fenomena Trump dan deglobalisasi menjadi perhatian artikel ini, dengan mengajukan pertanyaan kunci yaitu: mengapa di tengah globalisasi yang berlangsung, kebijakan luar negeri Trump justru menempuh pendekatan ekonomi politik proteksionis? Tulisan ini pada dasarnya menguji kembali relasi antar negara dan globalisasi dengan temuan bahwa keterpilihan Trump merupakan perluasan tren deglobalisasi yang sebelumnya berlangsung pasca Krisis Finansial Global 2008. Tulisan ini menggunakan metode penelitian kualitatif dengan pola deduktif deskriptif. Data akan berbentuk data sekunder dan data primer.  Hasil dari penelitian ini menunjukan bahwa kebijakan Trump yang cenderung tertutup dalam kerjasama ekonomi-politik merupakan strategi rebalancing terhadap lawan utamanya yaitu China. Tulisan ini kemudian memprediksikan bahwa kebijakan ekonomi Trump dapat berkonstribusi pada AS sebagai negara superior yang semakin defisit. China lantas menjadi penyeimbang poros globalisasi (multilateral approach) disaat AS memilih proteksionis. Kata kunci: America First, Deglobalisasi, Globalisasi , Krisis Finansial Global (KFG)   Abstract The election of Donald Trump on the one hand is a prima donna for the ultra right political base or sometimes called the looser of globalization, on the other hand as a threat to supporters of globalization especially those who are concerned about the strengthening of the deglobalisation phenomenon (countries, business groups and transnational communities). Trump's phenomenon and deglobalisation are of concern to this article, by asking key questions, namely: why in the midst of the ongoing globalization, Trump's foreign policy has taken the approach of a protectionist political economy? This paper basically reexamines relations between countries and globalization with the finding that Trump's electability is an expansion of the previous globalization trend after the 2008 Global Financial Crisis. This paper uses qualitative methods with descriptive-deductive pattern. Data will be presented as secondary and primer. The results of this research show that Trump's policy which tends leaning to isolationism from political-economic cooperation is a rebalancing strategy towards its main opponents namely China. This paper then predicts that Trump's economic policies can contribute to the US as a superior country that is increasingly deficit. China then became the axis of balancing globalization (multilateral approach) when the US chose protectionism. Keywords: America First, Deglobalisation, Globalization, Global Financial Crisis (GFC)

scholarly journals The Investment in Fixed Assets Before and After the Global Financial Crisis (Empirical Study for Industry and Investment Sector in Palestine Stock Exchange)

2021 ◽  
Vol 12 (4) ◽  
pp. 52
Author(s):  
Tamer Bahjat Sabri
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Return On Assets ◽  
Significant Difference ◽  
Fixed Assets ◽  
Before And After ◽  
The Global Financial Crisis ◽  
Investment In Fixed Assets ◽  
Shed Light

This paper seeks to shed light on investment in fixed assets before and after the financial crisis that took place in 2008 and compare the two periods together in the sectors of industry and investment in Palestine Stock Exchange. The period between 2005 – 2007 was chosen to represent to the pre-crisis time and the period between 2010 -2012 was chosen to represent the post-crisis time. The population of the study consists of fifteen organizations from both sectors. To test the hypothesis of the study, the independent samples T-test was employed.The average ratio of fixed assets to the total assets of industry and investment rose from 56.2% before the crisis to 58.5% after the crisis. As for the hypotheses of the study, the findings showed no difference except for the seventh hypothesis. There was a statically significant difference in the ratio of fixed assets to equity between the listed companies that a high return on assets and those that have a low return.

scholarly journals The impact of operating leverage on the capital structure of Johannesburg Stock Exchange-listed firms before and after the 2008 global financial crisis

2018 ◽  
Vol 11 (1) ◽  
Author(s):  
Matabane T. Mohohlo ◽  
Johan H. Hall
Keyword(s):  
Financial Crisis ◽  
Capital Structure ◽  
South African ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Johannesburg Stock Exchange ◽  
The Global Financial Crisis ◽  
Operating Leverage ◽  
The Impact ◽  
The Capital Structure

The financial leverage-operating leverage trade-off hypothesis states that as financial leverage increases, management of firms will seek to reduce the exposure to operating leverage in an attempt to balance the overall risk profile of a firm. It is the objective of this study to test this hypothesis and ascertain whether operating leverage can indeed be added to the list of factors that determine the capital structure of South African firms. Forty-six firms listed on the Johannesburg Stock Exchange between 1994 and 2015 are analysed and the impact of operating leverage is determined. The results are split into two periods, that is, the period before the global financial crisis (1994–2007) and after the global financial crisis (2008–2015). The impact of operating leverage during these two periods is then compared to determine whether a change in the impact of operating leverage on the capital structure can be observed especially following the crisis. The results show that the conservative nature of South African firms leading up to 2008 persisted even after the global financial crisis. At an industry level, the results reveal that operating leverage does not have a noticeable impact on capital structure with the exception of firms in the industrials sector of the South African economy.

Introduction

2019 ◽  
pp. 1-38
Author(s):  
William Callison ◽  
Zachary Manfredi
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Economic Governance ◽  
Political Economic ◽  
As If

To many observers, the present resembles Antonio Gramsci’s depiction of crisis: a historical interregnum in which the old is dying and the new cannot be born.1 In the wake of the 2008 global financial crisis, some scholars invoked the image of “zombie neoliberalism” to explain how the reigning form of political-economic governance could persist, as if undead, through the wreckage of its own making. Despite the economic devastation, more of the same neoliberal measures were implemented: liberalization, privatization, marketization, securitization, and austerity....

Financial Early Warning System for Risk Detection and Prevention from Financial Crisis

Data Mining ◽  
2013 ◽  
pp. 1559-1590
Author(s):  
Nermin Ozgulbas ◽  
Ali Serhan Koyuncugil
Keyword(s):  
Financial Crisis ◽  
Early Warning ◽  
Financial Distress ◽  
Business Performance ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Warning System ◽  
Chi Square ◽  
Risk Detection ◽  
The Global Financial Crisis

Risk management has become a vital topic for all enterprises especially in financial crisis periods. All enterprises need systems to warn against risks, detect signs and prevent from financial distress. Before the global financial crisis that began 2008, small and medium-sized enterprises (SMEs) have already fought with important financial issues. The global financial crisis and the ensuring flight away from risk have affected SMEs more than larger enterprises When we consider these effects, besides the issues of poor business performance, insufficient information and insufficiencies of managers in finance education, it is clear that early warning systems (EWS) are vital for SMEs for detection risk and prevention from financial crisis. The aim of this study is to develop and present a financial EWS for risk detection via data mining. For this purpose, data of SMEs listed in Istanbul Stock Exchange (ISE) and Chi-Square Automatic Interaction Detector (CHAID) Decision Tree Algorithm were used. By using EWS, we determined the risk profiles and risk signals for risk detection and road maps for risk prevention from financial crisis.

Analyzing seasonal anomalies for Israel: evidence from pre- and post-global financial crisis

2019 ◽  
Vol 46 (3) ◽  
pp. 435-450
Author(s):  
Dinesh Jaisinghani ◽  
Muskan Kaur ◽  
Mohd Merajuddin Inamdar
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Time Frame ◽  
Content Type ◽  
Dummy Variable ◽  
Year Effect ◽  
Show Evidence ◽  
Tel Aviv Stock Exchange ◽  
Day Of The Week

Purpose The purpose of this paper is to analyze different seasonal anomalies for the Israeli securities markets for the pre- and post-global financial crisis periods. Design/methodology/approach The closing values of six indices of the Tel Aviv Stock Exchange (TASE) of Israel have been considered. The time frame ranges from 2000 to 2018. Further, the overall time frame has been segregated into pre- and post-financial crisis periods. The study employs dummy variable regression technique for assessing different calendar anomalies. Findings The results show evidence pertaining to different seasonal anomalies for the Israeli markets. The results specifically show that the anomalies change considerably across the pre- and post-financial crisis periods. The results are more apparent for three anomalies including the day of the week effect, the month of the year effect and the holiday effect. However, anomalies including the Halloween effect and the trading month effect are found to be insignificant across both pre- and post-financial crisis periods. Originality/value The study is first of its kind that analyzes different seasonal anomalies across pre- and post-financial crisis periods for the Israeli markets. The study provides newer insights about the overall return patterns observed in different indices of the TASE.

Weak-form Efficiency After Global Financial Crisis: Emerging Stock Market Evidence

2017 ◽  
Vol 16 (1) ◽  
pp. 90-113 ◽  
Author(s):  
Emenike Kalu O.
Keyword(s):  
Financial Crisis ◽  
Banking Sector ◽  
Oil And Gas ◽  
Global Financial Crisis ◽  
Stock Exchange ◽  
Weak Form ◽  
Jel Classification ◽  
Fundamental Analysis ◽  
Lm Test ◽  
Weak Form Efficiency

This article investigates weak-form efficiency of the Nigerian Stock Exchange (NSE) and its sectors for the post-global financial crisis period using autocorrelation test, Ljung–Box Q test, McLeod-Li portmanteau test and ARCH-LM test. The descriptive statistics show that the returns of NSE and its sectors are positive. The results show that (i) investors can only predict banking sector return using superior fundamental analysis of their intrinsic values; (ii) prediction of the NSE 30 and Shari’ah equities sector returns require nonlinear model and fundamental analysis and (iii) consumer goods sector and oil and gas sector may be predicted using both technical and fundamental analyses. JEL Classification: G11, 14

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