scholarly journals Investing into ETF – Exchange Investment Funds in Digital Economy

2021 ◽  
pp. 46-51
Author(s):  
E. A. Shikhaleva ◽  
N. S. Mrochkovskiy
Keyword(s):  
Stock Exchange ◽  
Digital Economy ◽  
Dividend Yield ◽  
Working Mechanism ◽  
Investment Funds ◽  
Investment Tool ◽  
Index Replication ◽  
Analytical Tools ◽  
Goals And Objectives

The article explains the notion of exchange investment funds as a tool of investing on stock exchange in conditions of digital economy. It studies attainable today tools for investing into exchange investment funds, structure, working mechanism, as well as goals and objectives of investment funds as a separate tool for investment. The authors identify the key aims of investing into investment funds available on the exchange and the sequence of using this investment tool. They show opportunities and threats of investing into exchange investment funds for the investor and necessary analytical tools for investing into exchange investment funds and also provide characteristics, which are essential for estimating and selecting investment funds by the investor. The article explains such terms as controlling company, liquidity, dividend yield, fund index, replication and demonstrates expediency of using tools of investing into investment funds for beginners and experienced investors. The authors research the present trends on the finance exchange in view of investing into exchange investment funds and come to the conclusion about basic preconditions for investing into investment funds.

scholarly journals RISK-RETURN PERFORMANCES OF REAL ESTATE INVESTMENT FUNDS IN TURKEY INCLUDING THE COVID-19 PERIOD

2021 ◽  
Vol 25 (4) ◽  
pp. 267-277
Author(s):  
Mehmet Emre Çamlibel ◽  
Levent Sümer ◽  
Ali Hepşen
Keyword(s):  
Real Estate ◽  
Stock Exchange ◽  
Real Estate Market ◽  
Real Estate Investment ◽  
Investment Funds ◽  
Risk Return ◽  
Tax Exemptions ◽  
Istanbul Stock Exchange ◽  
Real Estate Investments ◽  
Investment Tool

The purpose of this research is to give an insight into the Turkish real estate investment funds (T-REIFs) by comparing their risk-return performances with the main benchmark investment tool Istanbul Stock Exchange-100 (BIST-100) Index. This study evaluated the performance of T-REIFs in four different periods between January 2017 and December 2020 (2017m1–2017m12, 2018m1–2018m12, 2019m1–2019m12 and 2020m1–2020m12) including the Coronavirus Disease (Covid-19) period by applying the Sharpe and Treynor ratios. In a well-diversified portfolio both ratios give the same results, but in the presence of non-systematic risk and the portfolio is poorly diversified, the Treynor ratio is a better indicator than the Sharpe ratio. The findings of this study show that rankings of Sharpe and Treynor ratios may differ for each period. These results also support the fact that the portfolios of funds in the Turkish real estate market are not well diversified. By providing corporate tax exemptions, and by enabling the investors to diversify their investments and reduce their risks, real estate investment funds are important alternatives to direct real estate investments in Turkey. In that context, being one of the pioneer studies in this niche and a new topic in emerging markets, analyzing the return performances of T-REIFs and comparing them with the returns of the BIST-100 index is aimed to contribute to literature as well as provide insight to investors who may consider investing in the Turkish real estate capital market instruments.

scholarly journals Green Banking and Infrastructure Project Financing for Sustainable Development

2018 ◽  
Vol 73 ◽  
pp. 10001
Author(s):  
Fashli Arinal ◽  
Herdiansyah Herdis ◽  
A Saragi Putri
Keyword(s):  
Sustainable Development ◽  
Stock Price ◽  
Stock Exchange ◽  
Banking System ◽  
Investment Funds ◽  
Responsible Investment ◽  
Banking Policy ◽  
Formal Requirement ◽  
Industrial Projects ◽  
Infrastructure Project

Indonesia already has policies that pay attention to environmental aspects so that the development can keep running by maintaining the natural conditions. One of the policies that have been made is green banking. The green banking policy requires the support of stakeholders who have a role as an enforcer. This study uses a quantitative approach to measure the implementation of funds used by banks in the financing of industrial projects. The database is based on the Sustainable Equity and Responsible Investment (SRI) index -KEHATI, one of the indices that the indicator of stock price movement in Indonesia Stock Exchange (BEI), but focus on banking data practicing green banking system. The result of this study shows that the bank has a responsibility to the environmental risks of the project to be run by the company where the investment funds or lending of the bank. The green banking policy requires the support of stakeholders who have a role as an enforcer. Stakeholders in green banking are groups of people or individuals who have an essential part to achieve goals, and Sustainable development can be realized well if this policy is implemented, not just a formal requirement in following the current international trend.

scholarly journals Determinants of Share Price of Nepalese Commercial Banks

2016 ◽  
pp. 187-198 ◽  
Author(s):  
Yuga Raj Bhattarai
Keyword(s):  
Commercial Banks ◽  
Stock Exchange ◽  
Positive Association ◽  
Share Price ◽  
Annual Reports ◽  
Inverse Association ◽  
Dividend Yield ◽  
Significant Positive Association ◽  
Price Earnings Ratio ◽  
Economic Journal

This study examines the determinants of share price of commercial banks listed on the Nepal Stock Exchange Limited over the period of 2006 to 2014. Data were sourced from the annual reports of the sampled banks and analyzed using regression model. The results revealed that earning per share and price- earnings ratios have the significant positive association with share price while dividend yield showed the significant inverse association with share price. The major conclusion of the study is that dividend yield, earning per share and price-earnings ratio are the most influencing factors in determining share price in Nepalese commercial banks. Economic Journal of Development Issues Vol. 17 & 18 No. 1-2 (2014) Combined Issue,Page: 187-198

scholarly journals Faktor-Faktor yang Mempengaruhi Tax Avoidance

2020 ◽  
Vol 20 (1) ◽  
pp. 131
Author(s):  
Anis Susilowati ◽  
Riana Rahmawati Dewi ◽  
Anita Wijayanti
Keyword(s):  
Cash Flow ◽  
Audit Committee ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Audit Committees ◽  
Company Size ◽  
Sales Growth ◽  
Sample Data ◽  
Analytical Tools ◽  
Research Show

The research aims to determine the influence of company size, leverage, profitability, sales growth, audit committee, and cash flow operations against tax avoidance. Dependent variables in this study are tax avoidance while the independent variables used in this research are company size, leverage, profitability and audit committees. This research is focused on the LQ45 company listed on the Indonesia Stock Exchange (IDX) period 2015-2018. The selection of samples in this study used the purposive sampling method, thus obtained a sample of 51 sample data from the LQ45 company population listed on the Indonesia Stock Exchange (IDX) period 2015-2018. The analytical tools used in this study are multiple linear regression analyses. The results of this research show that the variable cash flow operations affect the tax avoidance, while the company size variables, leverage, profitability, sales growth and audit committees do not affect the tax avoidance.

13 Listings of Private Investment Funds as a Means of Mitigating the Governance Challenge

2018 ◽  
Author(s):  
Spangler Timothy
Keyword(s):  
Stock Exchange ◽  
Private Investment ◽  
Investment Fund ◽  
London Stock Exchange ◽  
Investment Funds ◽  
Fund Managers ◽  
Potential Market ◽  
Securities Exchanges ◽  
Regulatory Functions ◽  
Alternative Investment

This chapter explains how the admission to listing of private investment funds on a recognized exchange can provide a means to address the governance challenge. It first considers the regulatory functions of securities exchanges before turning to the Irish Stock Exchange (ISE), taking into account three areas relevant to the governance challenge faced by private investment funds: general obligations of disclosure, notification of interests and key developments, and communications with unitholders. It then examines how an ISE listing can provide a potential market-oriented solution to the governance challenge. It also discusses listing-related developments at the London Stock Exchange, Alternative Investment Fund Managers Directive depositories, and limitations on the effectiveness of exchange listings.

scholarly journals The performance of socially responsible investment funds and exchange-traded funds: Evidence from Johannesburg stock exchange

2014 ◽  
Vol 11 (4) ◽  
pp. 150-159 ◽  
Author(s):  
Godfrey Marozva
Keyword(s):  
Economic Growth ◽  
Factor Model ◽  
Stock Exchange ◽  
Exchange Traded Funds ◽  
Economic Decline ◽  
Single Factor ◽  
Investment Funds ◽  
Responsible Investment ◽  
Johannesburg Stock Exchange ◽  
Single Factor Model

The research reported in this article explored how the JSE SRI Index performed relative to exchange-traded funds during the period of economic growth as well as during the period of economic decline between 2004 and 2014. The JSE SRI Index and exchange traded funds are analysed by a single factor model as well as other risk-adjusted performance measures including the Sharpe ratio, the Treynor ratio and the M-squared ratio. The single-factor model regression results suggest that during the period of economic growth the JSE SRI index neither significantly outperformed nor underperformed the exchange-traded funds. However, the JSE SRI Index significantly underperformed the exchange-traded funds during the period of economic decline. Further tests that engaged other risk-adjusted measures indicated that the exchange-traded funds performed better than the JSE SRI index in both periods. Based on this research it is recommended that further research be conducted using models that can control for the liquidity difference in funds.

scholarly journals Basic competitive strategies of the digital economy

2021 ◽  
Vol 14 (1) ◽  
pp. 21-27 ◽  
Author(s):  
N. S. Zaytsev
Keyword(s):  
21St Century ◽  
Digital Economy ◽  
Competitive Strategies ◽  
Individual Strategy ◽  
The Right ◽  
Goals And Objectives

In the 21st century, in the era of universal globalization and digitalization, one of the most important parameters and criteria for the effectiveness and demand for a manufactured product or service is competitiveness, realized by choosing the right and effective competitive strategies. To identify and distinguish from the whole variety of competitive strategies that will take into account and reflect the challenges of the digital economy, it is very important to identify the main, key strategies, or in other words, the base from which you can later build and develop an individual strategy that reflects the goals and objectives of the organization participating in the digital economy market.

scholarly journals THE INFLUENCE OF STOCK CHARACTERISTICS ON RETURN IN CONSUMER GOODS INDUSTRY COMPANIES

2018 ◽  
Vol 17 (1) ◽  
Author(s):  
Ivan Alexander Nanlohy ◽  
Putu Anom Mahadwartha ◽  
Arif Herlambang
Keyword(s):  
Stock Returns ◽  
Consumer Goods ◽  
Stock Return ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Dividend Yield ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Consumer Goods Industry ◽  
Positive Effect

This study aims to determine the influence of stock characteristics with stock returns on consumer goods industry companies listed on the Indonesian Stock Exchange period 2011- 2015. Stock characteristics are illiquidity, size, beta, risk and dividend yield. This study uses quantitative approach by using multiple linear regression method in the form of panel data. This study uses a sample of consumer goods industry companies listed on the Indonesia Stock Exchange period 2011-2015. The number of samples used in this study is 125 years of observation consisting of 25 companies. The finding of this study indicates that the influence of stock characteristics with stock returns. Illiquidity has no significant positive effect on stock return. Size has no significant positive effect on stock return. Beta has a significant positive effect on stock return. Risk has a significant negative effect on stock return. Dividend yield has a significant negative effect on stock return.

scholarly journals TRENDS IN THE DEVELOPMENT OF THE DIGITAL ECONOMY IN THE REGIONS OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 3 (37) ◽  
pp. 15-24
Author(s):  
N.V. Trofimova ◽  
◽  
E.R. Mamleeva ◽  
G.F. Shaykhutdinova ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
Federal District ◽  
Digital Economy ◽  
Social Sphere ◽  
Group Matrix ◽  
The Subject ◽  
The Russian Federation ◽  
The Republic ◽  
Analytical Tools ◽  
Nizhny Novgorod Region

The article presents the genesis and stages of the digital economy development. The object of the study is the subjects of the Volga Federal District (PFD) of the Russian Federation. The subject of the study is determined by the assessment of the state and development of the digital economy using the tools of the Boston Consulting Group matrix and the grouping of statistical measurement indicators for 2005-2019. The chosen analytical tools made it possible to diagnose the level of digitalization of the economy: to determine the degree of digitalization of the region at the current moment, to identify regions with similar trends, to find best practices that allowed some regions to reach the forefront. The obtained indices are combined into a summary indicator, the results of which allowed us to divide the subjects of the Volga Federal District into 4 groups: "depressed", "lagging", "stable", "progressive". The resulting typology of the regions of the Volga Federal District will allow us to develop specific measures in the field of regional digital policy and accelerate the processes of digital transformation of the regions and the country as a whole. Among the regions of the Volga Federal District, the IT sector is developing most successfully in the Republic of Tatarstan, the Perm Territory and the Nizhny Novgorod Region. These regions are implementing a consistent and most effective digitalization policy, which creates the basis for the successful development of the economy and social sphere.

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