Multifrequency-based non-linear approach to analyzing implied volatility transmission across global financial markets DOI Creative Commons
Ebenezer Boateng, Emmanuel Asafo‐Adjei, John Gartchie Gatsi

и другие.

Oeconomia Copernicana, Год журнала: 2022, Номер 13(3), С. 699 - 743

Опубликована: Сен. 25, 2022

Research background: The contagious impact of the COVID-19 pandemic has heightened financial market's volatility, nonlinearity, asymmetric and nonstationary dynamics. Hence, existing relationship among assets may have been altered. Moreover, level investor risk aversion market opportunities could also alter in pandemic. Predictably, investors heat moment are concerned about minimizing losses. In order to determine hedge risks between implied volatilities through information flow, it is required take into account increased vagueness economic projections as well uncertainty asset values a result Purpose article: study aims examine transmission VIX-implied volatility index for S&P 500 fifteen other indices Methods: We relied on daily changes VIX from commodities, currencies, stocks. employed improved complete ensemble empirical mode decomposition with adaptive noise which line heterogeneous expectations participants denoise data extract intrinsic functions (IMFs). Subsequently, we clustered IMFs based common features high, low, medium frequencies. analysis was carried out using Rényi transfer entropy (RTE), allowed evaluation both linear non-linear, varied distributions Findings & value added: RTE revealed bi-directional flow negative amid each indices, particularly long term. found this behavior markets be consistent at varying levels investors' aversion. findings help their portfolio strategies time pandemic, resulted fluctuating Our characterize global ?non-linear evolutionary systems?. results lend support emerging delayed competitiveness external shocks hypothesis.

Язык: Английский

Deep Learning-Assisted Smart Process Planning, Robotic Wireless Sensor Networks, and Geospatial Big Data Management Algorithms in the Internet of Manufacturing Things DOI Creative Commons
George Lăzăroiu, Mihai Andronie, Mariana Iatagan

и другие.

ISPRS International Journal of Geo-Information, Год журнала: 2022, Номер 11(5), С. 277 - 277

Опубликована: Апрель 27, 2022

The purpose of our systematic review is to examine the recently published literature on Internet Manufacturing Things (IoMT), and integrate insights it configures deep learning-assisted smart process planning, robotic wireless sensor networks, geospatial big data management algorithms by employing Preferred Reporting Items for Systematic Reviews Meta-analysis (PRISMA) guidelines. Throughout October 2021 January 2022, a quantitative aggregators such as ProQuest, Scopus, Web Science was carried out, with search terms including “deep planning + IoMT”, “robotic networks “geospatial IoMT”. As analyzed research between 2018 only 346 sources satisfied eligibility criteria. A Shiny app leveraged PRISMA flow diagram comprise evidence-based collected handled data. Major difficulties challenges comprised identification robust correlations among inspected topics, but focusing most recent relevant deploying screening quality assessment tools Appraisal Tool Cross-Sectional Studies, Dedoose, Distiller SR, Mixed Method Tool, Review Data Repository we integrated core outcomes related IoMT. Future should investigate dynamic scheduling production execution systems advanced data-driven decision making, networks.

Язык: Английский

Процитировано

77

Has the COVID-19 pandemic affected the corporate financial performance? A case study of Slovak enterprises DOI Open Access
Katarína Valašková, Dominika Gajdosikova, George Lăzăroiu

и другие.

Equilibrium Quarterly Journal of Economics and Economic Policy, Год журнала: 2023, Номер 18(4), С. 1133 - 1178

Опубликована: Дек. 30, 2023

Research background: The corporate debt situation can be considered a crucial factor influencing the future development of financial performance firm. It is essential for every business entity to know its health, strengths and weaknesses, how has been affected by COVID-19 pandemic all changes it brought. Purpose article: main aim this paper explain quantify consequences pandemic, analyze in growth determinants, identify new trends Slovak enterprises throughout monitored period 2018‒2021. Methods: Hence, statistically significant difference between individual indicators due which firms achieved these values was determined using Friedman test. whether average remained constant over under review (the years 2018 2019 are pre- years, while 2020 2021 when globe already being impacted outbreak pandemic) or differed significantly. Findings & value added: Considering that there differences self-financing ratio, current indebtedness equity leverage ratio periods except 2021, where same, results indicate also negatively enterprises. Although research paper, focusing on post-pandemic period, pioneering Slovakia, biggest contribution study application latest information, could help more precise monitoring stability policy during challenging period. obtained provide important universal guidelines building strategies improving long-term resilience

Язык: Английский

Процитировано

22

Critical Factors and Performance Measurement of Business Incubators: A Systematic Literature Review DOI Open Access
Photchanaphisut Pattanasak, Tanyanuparb Anantana,

Boontarika Paphawasit

и другие.

Sustainability, Год журнала: 2022, Номер 14(8), С. 4610 - 4610

Опубликована: Апрель 12, 2022

Business incubators (BIs) are important supporters for young businesses, since they provide firms with physical facilities and intangible support. Existing literature reviews focusing on BIs have neglected to consider individual factors in their success favor of combining key performance measurements identify development targets. This systematic review thus aimed combine studies that examined specific issues pertaining BI related indicators measure activities. We conducted a based two research questions: the first question concerned critical BIs’ performance; second measurements. To ensure we covered crucial latest generation BIs, our procedure included 74 published between 2005 2020 were read full revealed ten particularly emphasized financial resources networking. identified six categories measurement, placing greatest emphasis measurement social capital. recommend academic researchers prioritize constitute organizations’ hidden value. provides novel findings by identifying common offering guidelines assets trends future studies.

Язык: Английский

Процитировано

37

Accounting Conservatism and Earnings Quality DOI Open Access

Farzaneh Nassir Zadeh,

Davood Askarany,

S. Zahedi Asl

и другие.

Journal of risk and financial management, Год журнала: 2022, Номер 15(9), С. 413 - 413

Опубликована: Сен. 19, 2022

Purpose—The study on the relationship between accounting conservatism and earnings quality is not new. However, results are inconsistent mixed, to some degree, even contradictory, which represents a gap in literature. The purpose of this provide explanations for these mixed literature by investigating effect corporate governance mechanisms, as moderator variable (which has been considered before), based Dechow Dichev model modified Jones model. Design/methodology/approach—The statistical used multivariate regression model; furthermore, technique test hypotheses panel data. Findings—The findings reveal that adopted models (Dechow Dichev) mechanisms (such board independence, large shareholders, institutional ownership) can have moderating quality. These exciting, contribute current literature, explain reasons results. Practical implications—The an important guideline firms consider impact Dichev), well Originality/value—Examining new paper. It part

Язык: Английский

Процитировано

31

Digital Transformation of Value Chains and CSR Performance DOI Open Access
Chaohong Na, Xue Chen, Xiaojun Li

и другие.

Sustainability, Год журнала: 2022, Номер 14(16), С. 10245 - 10245

Опубликована: Авг. 18, 2022

With the accelerated evolution of digital transformation economic activities, digitalization different parts value chain, such as manufacturing, marketing, and management, has increased significantly, thereby changing form organizational production management while affecting how corporate social responsibility (CSR) is achieved. Therefore, in this study, we examined relationship between chains CSR performance moderating role property ownership market dependence. The results show that can improve performance. When three types are conducted at same time, compared with manufacturing marketing transformation, a greater impact on Non-state-owned enterprises higher dependency improvement their than state-owned lower result chains. Furthermore, found certain degree mismatch chain links dimensions responsibility. Specifically, transformations activities only exert significant shareholder responsibility, public employee respectively. This indicates entire needs to be further optimized integrated achieve values match chain. study not helps identify shortcomings but also provides development ideas for realize two-wheel drive business through whole

Язык: Английский

Процитировано

30

COVID-19 Pandemic and Its Impact on Challenges in the Construction Sector: A Case Study of Slovak Enterprises DOI Creative Commons
Dominika Gajdosikova, Katarína Valašková, Tomáš Klieštik

и другие.

Mathematics, Год журнала: 2022, Номер 10(17), С. 3130 - 3130

Опубликована: Сен. 1, 2022

The corona crisis has affected not only the economic sphere, but also sphere of health, health care, employment, safety, and protection in workplace, shopping habits, future expectations, to which people adapt their decisions various areas daily life. COVID-19 pandemic, called a global crisis, was an unpredictable risk proportions that paralyzed entire world. main aim this paper is quantify impacts pandemic on construction sector, considered crucial sector Slovak economy, evaluate changes development key indicators using adequate quantitative methods. First, sample 2000 businesses were analyzed 12 financial chosen. Second, non-parametric Friedman test, more thorough study carried out with focus analyzing existence statistically significant variations values computed as result ratios. Bonferroni adjustments employed pinpoint stochastic dominance at conclusion study. A detailed analysis calculated showed arrival had negative impact many aspects business situation companies Republic. However, due fact characterized by slower reactions most will be even noticeable future.

Язык: Английский

Процитировано

30

How Particular Firm-Specific Features Influence Corporate Debt Level: A Case Study of Slovak Enterprises DOI Creative Commons
Dominika Gajdosikova, George Lăzăroiu, Katarína Valašková

и другие.

Axioms, Год журнала: 2023, Номер 12(2), С. 183 - 183

Опубликована: Фев. 10, 2023

Debt financing is related to borrowing funds from enterprises and investors through bonds, banks, or financial institutions. Interest in debt has been rapidly growing recent years now considered one of the most common ways an enterprise can increase its capital run business. However, use a large amount associated with management corporate indebtedness, requiring tracking entire performance company. The chief objective this study was determine assess indebtedness level operating Slovak Republic using 12 crucial ratios then clarify whether there are statistically relevant dissimilarities as result firm size legal form, representing company-specific features having impact on indebtedness. Subsequently, more elaborate analysis addressing between separate relation company form carried out by deploying nonparametric Kruskal–Wallis test. We leveraged Bonferroni correction specify where stochastic ascendancy occurs. test revealed significant values company, which confirmed previous results indicating determinants shaping debt. Recognizing repercussions policy plays important role, these may be perceived proxies for default likelihood volatility assets, making regulatory process creditors stakeholders straightforward. findings theories numerous researchers who claimed that critical aspects

Язык: Английский

Процитировано

16

Stability of profits and earnings management in the transport sector of Visegrad countries DOI Creative Commons
Tomáš Klieštik, Alena Novák Sedláčková, Martin Bugaj

и другие.

Oeconomia Copernicana, Год журнала: 2022, Номер 13(2), С. 475 - 509

Опубликована: Июнь 30, 2022

Research background: Business profit and its stable development are key performance indicators. Many enterprises performed earnings manipulation, either upward or downward, according to the current business macroeconomic situation, as well time. These activities may interrupt stationarity of time series. This article focuses on transport enterprises, assessment bonds in their earnings. Purpose article: The target was identify occurrence non-stationary unit root EBITDA for each country V4 during period 2010?2019. Methods: roots series were tested by Kwiatkowski, Phillips, Schmidt, Shin tests Augmented Dickey-Fuller based samples 470 Slovak, 405 Czech, 774 Polish, 1,056 Hungarian. behavior manipulation (the first cause non-stationarity) indicated Modified Jones model. Additional causes non-stationarity confirmed regression analysis, including factors such GDP, unemployment rate, average monthly gross wage, Ease doing index. Findings & value added: disclosed region. Earnings management discovered be this erratic development. Thus, value-added authorities auditors is show association between creative accounting. In addition, purposeful downward sector occurs, not upward, which typical general. methodology used study applied cross-sectorally emerging countries. labelling specific variables depending offers opportunity focus with a crucial influence existence activities.

Язык: Английский

Процитировано

27

Should risk-averse investors target the portfolios of socially responsible companies? DOI Creative Commons
María del Carmen Valls Martínez, Rafael Soriano Román,

Pedro Antonio Mart ́ín-Cervantes

и другие.

Oeconomia Copernicana, Год журнала: 2022, Номер 13(2), С. 439 - 474

Опубликована: Июнь 30, 2022

Research background: Companies are required to implement Corporate Social Responsibility (CSR) policies mitigate the adverse social and environmental effects of their activities gain legitimacy in eyes society. Sustainability initiatives costly for companies but, at same time, they important value-creation drivers. Retail institutional investors increasingly choosing portfolios based on CSR performance. However, relationship between market beta has hardly been studied all literature, no direct comparison U.S. European markets conducted. Purpose article: The two fundamental variables that define an investment return risk, appropriate risk-return combination depends profile investors. This research aims analyze understood as price volatility measured by markets. Methods: listed S&P 500 Euro Stoxx 300 indexes from 2015 2019 were examined using OLS regressions with instrumental (IV) fixed panel data. Findings & value added: results show those higher have betas below index well lower volatility, are, therefore, more choices risk-averse this was not confirmed market. difference may be justified reasons: 1) non-adherence United States Kyoto Protocol, resulting less strict legal regulations than Europe; 2) In market, aggressive, while defensive, little margin reduction. contributes current state knowledge providing empirical evidence social, environmental, corporate governance sustainability practices reduce stock capital which is highly relevant private who make investments moral criteria. reliable since cover a broad recent period most indexes.

Язык: Английский

Процитировано

23

Financial and non-financial determinants of the indebtedness of hospitals. The case of Poland DOI
Katarzyna Miszczyńska, Elźbieta Antczak

Journal of Management Analytics, Год журнала: 2024, Номер 11(1), С. 26 - 44

Опубликована: Янв. 2, 2024

The performance of Polish healthcare is still far from satisfactory, which connected with growing indebtedness that adversely affects not only the development but also quality medical services provided. In turn, financial situation hospitals depends on various indicators and relationship between them. This paper investigates determinants sector functioning in context hospitals' (dependent variable measured by total debt ratio). 321 individual public units were examined years 2007–2017. More specifically, fixed effects panel data model question measures evaluates impact economic, regional, institutional, social factors determining dependent variable. study confirmed dependencies non-financial ratios along their condition studied entities. management implications our lay groundwork for improvement efficient resource hospitals.

Язык: Английский

Процитировано

5