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Topic Review
Financial Derivatives
This book, Financial Derivatives, a blessing or a curse? (DerivaQuote, 2006), introduces financial derivatives, their uses and the debates surrounding their use. It looks at whether one should fear them or embrace them by digging into literature, theory and case studies.  The world seems to be divided into two camps: those who embrace financial derivatives as the ‘Holy Grail’ of the new investment area, and those who denigrate derivatives as the financial Antichrist (Edington, 1994). As the quote above suggests, there are many conflicting views and opinions on derivatives and their use. Derivatives are seen either as useful instruments or as a complete waste of time and money. Experience has indicated that derivative products have transformed the way firms view financial risk and mitigate it. It is no longer relatively simple, and risks are changing continuously with innovation. Risks are no longer nationwide but global and the internet and other fast communication channels have further complicated the issue. In the article, ‘Are Derivatives Financial "Weapons of Mass Destruction"?’ Simon (2008) explains that although derivative instruments have been used to hedge risks that were previously left open, there are still those who are sceptical about using these instruments. As the Group of Thirty (G30) (1993) note, users from “both inside and outside of the financial industry, remain uncomfortable with derivatives activity.” Moreover, the latest survey by the Bank for International Settlements (2009) suggests that there is widespread employment of derivatives with adequate risk management systems. Nevertheless, not all firms are immune to derivatives misuse. This book uses literature and case studies to determine whether it is misuse of this financial instrument, and not the derivatives instrument itself, that causes firm failure and large losses. These case studies help to pinpoint the root causes of these incidents.
  • 1.2K
  • 28 Oct 2020
Topic Review
Financial Development and Renewable Energy in the UAE
Financial development, FDI, and economic growth can significantly increase renewable energy consumption in the UAE. Therefore, it is essential to promote financial development in the UAE in order to avert the financial risks that undermine the stability of the financial markets and that negatively affect the REC. Furthermore, policymakers in the UAE should promote the concept of green finance and should provide more funds for investments in green energy for sustainable energy development in the UAE.
  • 464
  • 19 Apr 2022
Topic Review Peer Reviewed
Financial Interdependence: A Social Perspective
Financial interdependence refers to the practice of sharing money as an expression of mutuality. Forms of financial interdependence are often rooted in cultural norms and values and may be carried out as a commitment to the well-being of the family through financial transfers, practiced as informal savings groups, or even established as legally constructed agreements. Financial interdependence can result in either beneficial or harmful outcomes, depending upon the nature of the relationships and the available resources. As a social and cultural concept, it has been generally neglected in the discourse on financial independence, yet it has important implications for society as a basis for collective prosperity.
  • 1.2K
  • 28 Aug 2023
Topic Review
Financial Planning for Retirement
The life expectancy rate of individuals worldwide has risen, and Saudi Arabia is not excluded. Rising long-life expectancy may jeopardize employees’ pensions and reduce the chances of adequate earnings and a decent life after retirement. Moreover, the number of employees, who have paid into pension funds and are now retired, has increased, indicating that pension funds are expected to decrease. Apart from the above, the level of financial literacy in Saudi Arabia was substandard. Therefore, the ultimate objective of this research is to examine the measurable factors that could impact employees in their financial planning for retirement (FPR). These factors comprise the employee’s financial literacy (FL), financial risk tolerance (FRT), and cultural factors based on the CWO model.
  • 430
  • 26 May 2022
Topic Review
Financial Shocks and Financial Resilience of Australian Households
Based on a national survey conducted by Australian Bureau of Statistics in December 2020, during COVID-19, financial shocks continued to hit low-income households and one parent family with dependent children the hardest. The lowest income households had to forfeit a week’s worth of income on a less expensive shock but then three times of weekly income to absorb a more expensive shock. The overall households also had a low rate in seeking financial information, counselling or advice from a professional.
  • 700
  • 11 Apr 2022
Topic Review
Financial Socialization Theory and Financial Information Literacy
Financial literacy entails possessing and applying financial management skills for efficient and effective financial resource management for individuals’ well-being. While financial literacy is concerned with the possession of adequate financial management skills, financial information literacy entails seeking and possessing adequate knowledge of the existence of financial products and services through diverse information channels.
  • 13.1K
  • 19 Jul 2023
Topic Review
Financial Technology Influence on the Banking Industry
The synthesis of technology and finance is known as financial technology (Fintech), which brings together two of the biggest industries in harmony. Fintech disruption is a deviation from the norm, resulting in a significant shift in banking services and, as a result, risk. 
  • 814
  • 17 Nov 2022
Topic Review
Fintech and Financial Risks
Fintech is the combination of the words of finance and technology. It is literally understood as the application of technology in the financial field. As the financial innovation brought by technology, Fintech can change traditional financial markets, financial institutions and financial services, and create emerging business models, applications, processes, and products.
  • 2.1K
  • 05 Aug 2022
Topic Review
Fintech and Sustainability
Current concerns about environmental issues have led to many new trends in technology and financial management. Within this context of digital transformation and sustainable finance, Fintech has emerged as an alternative to traditional financial institutions. This paper, through a literature review and case study approach, analyzes the relationship between Fintech and sustainability, and the different areas of collaboration between Fintech and sustainable finance, from both a theoretical and descriptive perspective, while giving specific examples of current technological platforms. Additionally, in this paper, two Fintech initiatives (Clarity AI and Pensumo) are described, as well as several proposals to improve the detection of greenwashing and other deceptive behavior by firms. The results lead to the conclusion that sustainable finance and Fintech have many aspects in common, and that Fintech can make financial businesses more sustainable overall by promoting green finance. Furthermore, this paper highlights the importance of European and global regulation, mainly from the perspective of consumer protection. 
  • 1.8K
  • 14 Jul 2021
Topic Review
Firm Size and ESG Risk in Banking Industry
Although environmental, social, and governance (ESG) risk is likely determined by a wide array of economic, social, and environmental factors in the case of banks, one of them—i.e., the company size—seems particularly interesting and worth being investigated. Overall, the specificity of the banking industry creates strong incentives for increasing the size of business activity, resulting not only from substantial economies of scale and scope, but also from additional competitive advantages and economic benefits arising from the “too big to fail” (TBTF) status assigned to the largest, systemically important institutions. On the one hand, larger banks may be expected to outperform smaller ones in the area of ESG challenges, as they are usually able to engage more resources and sophisticated knowledge-based management tools to address related concerns. They are also typically under more pressure from equity investors, regulators, and other major stakeholder groups to comply with ESG principles in order to legitimize their strategies and business decisions. On the other hand, however, as banks grow larger, their overall ESG risk exposure also builds up due to more numerous and more complex interactions with their external and internal stakeholders. 
  • 202
  • 22 Jan 2024
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