The Impact of Past Outcomes on Choice in a Cognitively Demanding Financial Environment

2016 ◽  
Author(s):  
Priyodorshi Banerjee ◽  
Tanmoy Das ◽  
Parul Gulati
Keyword(s):  
The Impact ◽  
Financial Environment

scholarly journals IFRS Adoption in Developing Countries: What Is the Impact?

2018 ◽  
Vol 8 (2) ◽  
pp. 278
Author(s):  
Chris D. Gingrich ◽  
Leah Kratz ◽  
Ryan Faraci
Keyword(s):  
Developing Countries ◽  
Financial Reporting ◽  
Business Leaders ◽  
Global Competitiveness ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
Accounting Environment ◽  
Mandatory Adoption ◽  
The Impact ◽  
Financial Environment

This study explores the impact of mandatory adoption of the International Financial Reporting Standards (IFRS) in developing countries on business leaders’ perceptions of the overall accounting and financial environment. The study employs survey data from the World Economic Forum’s Global Competitiveness Report to gauge business leaders’ perceptions of the accounting and financial environment. Eight countries across Latin America, Africa, and Asia comprise case studies, all of whom recently adopted mandatory IFRS use for publicly listed companies. Each survey variable is tracked over time, comparing pre and post IFRS adoption, vis-à-vis the same variable in a control country that did not adopt IFRS. IFRS adoption shows mostly positive impacts on the accounting environment in four cases. The impact of adoption in the other three countries is mostly insignificant. These results should encourage policymakers in developing countries to improve auditing and enforcement practices to increase the likelihood of positive results from IFRS adoption.

The Impact of the Changed Financial Environment on Rangeland Management and Ownership Structures.

1993 ◽  
Vol 15 (1) ◽  
pp. 167
Author(s):  
JW Chudleigh
Keyword(s):  
Commodity Prices ◽  
Bank Lending ◽  
Rangeland Management ◽  
Agricultural Resources ◽  
Ownership Structures ◽  
Financial Conservatism ◽  
Economic Developments ◽  
The Impact ◽  
Financial Environment ◽  
Economic Imperative

The dramatic change in the western world's economic environment is characterised by lower inflation, unserviceable indebtedness, lower commodity prices, greater environmental awareness and a complete readjustment of values and bank lending policies as an era of greater financial conservatism develops. An understanding of this historic turning point in economic developments, especially in Australia, brings into question many established concepts of management of our agricultural resources. This paper questions whether these changes demand a more dramatic rethink of the management of our western lands to ensure that the economic imperative of profit (the driving force for private occupancy of pastoral areas) can sit comfortably with the environmental responsibility being increasingly demanded by society.

scholarly journals Impact of External Business Environment on Organisational Performance of Small and Medium Scale Enterprises in Osun State, Nigeria

2016 ◽  
Vol 3 (10) ◽  
pp. 155
Author(s):  
Ajayi Adeola
Keyword(s):  
Organizational Performance ◽  
Business Environment ◽  
Cultural Environment ◽  
Organisational Performance ◽  
Medium Scale ◽  
Secondary Sources ◽  
The Impact ◽  
Financial Environment ◽  
Organizational Performances

The paper examined the impact of external business environment on organizational performance of Micro, Small and Medium Scale Enterprises in Nigeria. It also reviewed literature on MSMEs, business environment and organizational performances. Secondary sources of data were utilized for the study. The findings from reviewed literature showed that the external business environment (economic, political, legal, socio-cultural environment, demographic, natural, technological, global and financial environment) have influence on MSMEs operators in Nigeria. It was also discovered that there exists relationship between SMEs and the environment in which it occurs. The study concluded that SME operators should understand all these types of external business environment and their implications on organizational performance of their business activities in order to identify opportunities and threats to their businesses and update their knowledge, understanding and skills to meet the predicted changes in realm of their enterprises.

scholarly journals Impact of Microfinancein Promoting Financial Inclusion in Nigeria

2015 ◽  
Vol 3 (2) ◽  
pp. 139
Author(s):  
Emeka E. Ene ◽  
Udom A. Inemesit
Keyword(s):  
Rural Areas ◽  
Unit Root ◽  
Unit Root Test ◽  
Regression Method ◽  
Financial Inclusion ◽  
Spurious Regression ◽  
The Poor ◽  
Rural Dwellers ◽  
The Impact ◽  
Financial Environment

<p><em>Despite the Central Bank of Nigeria’s (CBN) initiatives to encourage banks to extend their services and facilities to rural areas, a high percentage of the rural dwellers still remain unbanked and as such, the initiatives appear not to promote financial inclusion services among the poor in Nigeria. As a result, small entrepreneurs often lack enabling financial environment to grow. The study undertakes an empirical analysis of the impact of microfinance in promoting financial inclusion in Nigeria between 1990 and 2014 using OLS regression method. Unit root test was conducted on the variables to examine their level of stationary to avoid spurious regression results. The findings showed that minimum deposit amount have a positive and significant relationship with saving. It was observed that access to microfinance minimum deposit amount has significant effect on savings account opened by rural dwellers. Microfinance interest rate was however found to have a negative and insignificant relationship with the rural dwellers loans and advances.</em><em> </em><em>Recommendations were made among which are that Government should facilitate microfinance branches close to the rural area, products and services accessible to a large segment of the potentially productive Nigeria population, who are currently not being served by the formal financial sector.</em></p>

The impact of the ECB intervention on investor expectations and the macroeconomic and financial environment of Eurozone countries with financial instability

2021 ◽  
Author(s):  
Κωνσταντίνα Λιώση
Keyword(s):  
Financial Instability ◽  
The Impact ◽  
Financial Environment ◽  
Investor Expectations

Ως στόχος εκπόνησης της παρούσας διδακτορικής διατριβής τέθηκε η διερεύνηση συγκεκριμένων θεμάτων όπως η επίδραση της συμβατικής και μη-συμβατικής Νομισματικής Πολιτικής της Ευρωπαϊκής Κεντρικής Τράπεζας (ΕΚΤ) σε σημαντικούς δείκτες οικονομικής δραστηριότητας, όπως τραπεζικά μετοχικά χαρτοφυλάκια, δείκτες ανισότητας εισοδήματος και δείκτες οικονομικής αβεβαιότητας, καλύπτοντας σημαντικές πτυχές της οικονομίας και χρονικές περιόδους, όπως αυτή της παγκόσμιας χρηματοοικονομικής ύφεσης τους έτους 2008. Η παγκόσμια χρηματοπιστωτική κρίση εισήγαγε την εφαρμογή μέτρων μη-συμβατικής Νομισματικής Πολιτικής, καθώς η επίδραση των συμβατικών μέτρων άσκησης της Νομισματικής Πολιτικής είχε πιο αδύναμο αντίκτυπο στην διαμόρφωση των χρηματοοικονομικών συνθήκων της οικονομίας. Καθώς η ανταπόκριση μεταξύ των χωρών της Κεντρικής και της Περιφερειακής Ευρωζώνης ήταν διαφορετική όσον αφορά την παγκόσμια χρηματοοικονομική κρίση, επιχειρείται να διερευνηθεί και η ύπαρξη διαφορετικών μοτίβων μεταξύ των Κεντρικών και Περιφερειακών χωρών.Αρχικά, το πρώτο κεφάλαιο περιγράφει τα μέτρα μη-συμβατικής Νομισματικής Πολιτικής που ακολουθήθηκαν λόγω της παγκόσμιας χρηματοοικονομικής ύφεσης. Στην συνέχεια, το δεύτερο κεφάλαιο συζητά την βιβλιογραφία σχετικά με την ΕΚΤ και την άσκηση της Νομισματικής Πολιτικής στην Ευρωζώνη. Ακολούθως, το τρίτο κεφάλαιο εξετάζει εμπειρικά την αντίδραση τραπεζικών μετοχικών χαρτοφυλακίων πέντε Κεντρικών και επτά Περιφερειακών αγορών της Ευρωζώνης τόσο στις ανακοινώσεις της ΕΚΤ, όσο και στις αντίστοιχες της Ομοσπονδιακής Τράπεζας των ΗΠΑ που ήταν σχετιζόμενες με την διεξαγωγή της μη-συμβατικής Νομισματικής Πολιτικής. Εν συνεχεία, το τέταρτο κεφάλαιο εξετάζει την επίδραση της Νομισματικής Πολιτικής της ΕΚΤ στην ανισότητα εισοδήματος στο σύνολο της Ευρωζώνης, αλλά και σε επιλεγμένες χώρες ξεχωριστά. Αξιοποιείται ένα δείγμα τριών χωρών που ανήκουν στην Κεντρική Ευρωζώνη και πέντε χωρών της Περιφέρειας και σε αντίθεση με τις προηγούμενες μελέτες δεν εξετάζεται μόνο το σύνολο του πληθυσμού, αλλά εξετάζονται ξεχωριστά εμπειρικά μοντέλα με βάση το φύλο. Έπειτα, το πέμπτο κεφάλαιο διερευνά πιθανές πηγές οικονομικής αβεβαιότητας στις χώρες της Ευρωζώνης με έμφαση στην σχέση μεταξύ της Νομισματικής Πολιτικής της ΕΚΤ και της οικονομικής αβεβαιότητας. Η εμπειρική μελέτη βασίζεται σε ένα δείγμα τεσσάρων χωρών της Κεντρικής Ευρωζώνης και τεσσάρων χωρών της Περιφέρειας και εξετάζεται τόσο το σύνολο του δείγματος, όσο και κάθε χώρα ξεχωριστά με την χρήση ενός μεγάλου αριθμού μεταβλητών που προσφέρει αξιοσημείωτη πληροφόρηση. Τέλος, το έκτο και τελευταίο κεφάλαιο παρουσιάζει τα κύρια συμπεράσματα που προέκυψαν από την διατριβή.

scholarly journals THE IMPACT OF THE FINANCIAL CRISIS ON INSIDER TRADING PROFITABILITY IN BELGIUM

2012 ◽  
Vol 14 (2) ◽  
pp. 364-385 ◽  
Author(s):  
Debby Van Geyt ◽  
Philippe Van Cauwenberge ◽  
Heidi Vander Bauwhede
Keyword(s):  
Financial Crisis ◽  
Insider Trading ◽  
Global Financial Crisis ◽  
Abnormal Returns ◽  
Inside Information ◽  
Corporate Insiders ◽  
Study Methodology ◽  
Fundamental Value ◽  
The Impact ◽  
Financial Environment

The 2007 global financial crisis led to a chaotic financial environment characterized by highly uncertain and volatile stock markets. This created additional uncertainty about the fundamental value of shares and potentially increased the benefit of inside information. In this paper, we use event study methodology to examine whether Belgian corporate insiders were able to benefit from these turbulent market conditions. Given the large weight of financial institutions, the Belgian stock market was especially vulnerable to the financial crisis and provides an interesting environment to test this hypothesis. Our results show that, while insiders are generally able to earn abnormal returns, these returns are significantly higher during the years of the financial crisis.

scholarly journals Financial Environment and Risk of Stock Price Crash

2021 ◽  
Vol 5 (2) ◽  
pp. p1
Author(s):  
Xie Shuangze ◽  
Xu Xinpeng
Keyword(s):  
Negative Correlation ◽  
Stock Price ◽  
Listed Company ◽  
Significant Negative Correlation ◽  
Listed Companies ◽  
Crash Risk ◽  
The Impact ◽  
Financial Environment

The risk of stock price crash has become an important topic in the field of macroeconomics and micro-finance in recent years, but there are relatively few researches on the risk of stock price crash from an external perspective. Therefore, this paper takes China’s GEM listed companies as samples to empirically test the impact of financial environment on stock price crash risk. The research finds that there is a significant negative correlation between the financial environment and the risk of stock price crash, that is, the better the financial environment of the GEM listed company is, the lower the risk of stock price crash is. This conclusion still exists after controlling for the conservatism and endogenicity.

The Impact of Electronic Banking and Information Technology on the Employees of Banking Sector

2017 ◽  
Vol 42 (4) ◽  
pp. 379-387 ◽  
Author(s):  
Sweety Gupta ◽  
Anshu Yadav
Keyword(s):  
Information Technology ◽  
Industrial Revolution ◽  
Banking Sector ◽  
Banking System ◽  
Major Change ◽  
Internet Banking ◽  
Financial Innovations ◽  
Financial Transactions ◽  
The Impact ◽  
Financial Environment

In the last three decades, the banking sector has seen a profound transformation owing to the changes in the global financial environment. The major change witnessed in the banking sector has been great advances in financial innovations and technologies, which are a result of turmoil in the global financial environment. The improvement in financial innovations and technologies has made E-banking an intense part of the banking sector. E-banking has revolutionized the lives of all individuals of present times and is considered to be a wave of information revolution after the agricultural and industrial revolution. Earlier banking customers were required to personally visit a bank branch in order to transact through their saving accounts but with the arrival of Internet banking the manner in which financial transactions are carried out have changed. Although E-banking has been popular among computer literates for many years, its popularity is growing exponentially as Internet usage grows and people discover the numerous benefits that are provided by online banking. In today’s increasingly integrated financial systems facing higher volatilities, more competition and higher time constraints, E-banking has become an integral part of the global financial environment in order to meet different requirements of customers of banking sector, thereby meeting the increased expectations of the participants in Indian banking system. This study makes an attempt to analyse the impact of E-banking and information technology on the employees of banking sector.

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