Topic Review
Various Monetary Aggregates Impact on the Real Economy
Monetary policy elements in Romania were adjusted on the basis of volatility indicators for the annual inflation rate, which for August 2022 increased by 0.3% from the previous month’s level (from 13% to 13.3%). On the other hand, the influence of rising inflation through the consumer index and trade shocks was felt at the European level in the euro area, with the inflation rate reaching 10% in September 2022.
  • 175
  • 12 Dec 2023
Topic Review
Failure Definitions and Financial Distress Prediction Models
The concept of business failure has been under discussion in the academic and business world due to the economic and social relevance of the topic. The mere threat of a business going bankrupt affects the entire chain of business relationships. Therefore, predicting the bankruptcy of a business in advance is extremely important for investors, credit banks, suppliers, the state, employees, and other stakeholders of the organization. In this context, academics and professionals have sought to develop models for predicting business failure. The literature on this topic has evolved since the seminal works of Beaver (1967) and Altman, mainly based on the use of mathematics and statistics. However, with the emergence of artificial intelligence, the topic of predicting business failure has resurfaced with additional enthusiasm. This presentation addresses the evolution of business failure prediction models.
  • 163
  • 11 Dec 2023
Topic Review
LSTM-Based Stock Prediction and Selection
A great deal of attention has been devoted to the use of neural networks in portfolio management, particularly in the prediction of stock prices. First, data from historical quotes and technical and fundamental indicators are used in the long short-term memory (LSTM) network to provide good predictions. Second, the EMN strategy allows for the funding of long-position stocks by short-sell-position stocks, thus hedging the market risk.
  • 161
  • 04 Dec 2023
Topic Review
Predicting Risk of Corporate Bankruptcy
Predicting the risk of corporate bankruptcy is one of the most important challenges for researchers dealing with the issue of financial health evaluation. The risk of corporate bankruptcy is most often assessed with the use of early warning models. The results of these models are significantly influenced by the financial features entering them. 
  • 138
  • 01 Dec 2023
Topic Review
ESG Transparency and Firm Valuation in Palm Oil
Environmental, social, and governance (ESG) integration is an increasingly popular and innovative investing strategy that requires companies to be transparent about their ESG practices to facilitate investors’ decisions. In the palm oil sector, companies are addressing ESG risks by adopting and disclosing ESG efforts to improve access to financing. 
  • 131
  • 28 Nov 2023
Topic Review
Non-Financial Reporting under a Mandatory Regime
Non-financial information (NFI) helps companies, investors, and other stakeholders in the decision-making process, so that the value of NFI increases over time.
  • 208
  • 27 Nov 2023
Topic Review
Self-Enhancement, Conservation and Personal Tax Culture
Sustainability gets higher on the policy agenda of many countries in terms of the UN Sustainable Development Goals. Unethical tax behaviour diminishes the tax system’s sustainability, but paying taxes is necessary if we want to contribute to society. There is a deeper need to understand the factors that influence taxpayers’ perceptions, personal values and personal tax culture.
  • 195
  • 27 Nov 2023
Topic Review
Political Connection and Environmental Protection Investment
In state-owned enterprises, the existence and the increasing proportion of politically connected directors on the board have increased corporate environmental protection investment. In non-state-owned enterprises, the existence and the increasing proportion of politically connected directors on the board lead to lower corporate environmental protection investment levels.
  • 195
  • 27 Nov 2023
Topic Review
Audit Expectation Gap in External Audit of Banks
The function of the external audit, largely as a result of the scandals and financial crises that have occurred, has been the subject of debate and criticism. This aspect has fostered discussions around the Audit Expectation Gap, which, in short, is understood as the differences in expectations between the audit’s results and what is expected from it.
  • 158
  • 27 Nov 2023
Topic Review
Country Risk and Financial Stability
An efficient legal and regulatory framework is essential to complement the capital buffer against country risk. Policies must be introduced to reduce country risk to enable African banks to adequately support the African economy in good and challenging times. Overall, country risk remains a threatening factor for bank stability, and consequently, banks need adequate capital to reduce the impact of country risk on bank stability in Africa.
  • 122
  • 24 Nov 2023
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