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 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 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 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
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 Assessment of Renewable Energy Projects
Financial assessment of renewable energy projects is to help decision-makers invest in renewable energy sources (RES) technologies, it is essential to have reliable indicators capable of measuring a project’s total performance. Despite the global increase in renewable energy sources (RES) investments associated with economic and population growth, few studies have presented a comprehensive evaluation mechanism for RES projects, mainly due to the multiplicity of variables capable of influencing the viability of these endeavors. Therefore, building models that allow an efficient and holistic measurement is a difficult task.
  • 2.4K
  • 16 Feb 2022
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.
  • 320
  • 11 Dec 2023
Topic Review
Factors Related to Fintech Adoption
Technology in general, and information and communication technologies (ICT) specifically, have directly impacted all facets of human life, from innovation processes that affect the economy and industrial and organizational dynamics to important advances in different sectors. Such is the case in the financial sector, where emerging disruptive technologies such as financial technologies (Fintech) are adding elements of ease and speed to the different transactions carried out in that sector.
  • 682
  • 02 Jan 2024
Topic Review
Factors Affecting Customers' Use of Online Banking
The online banking is a banking service that allows users to be “at home” and use the service at any time through an internet connection. In online banking services, the restrictions of time and geography have been removed, and customers can access their bank accounts and make transactions at almost anytime and anywhere via computers and an internet gateway.
  • 2.1K
  • 23 Aug 2022
Topic Review
Exploring the Connection between Clean and Dirty Energy
This study investigates the relationship between clean and dirty energy markets, specifically focusing on clean energy stock indexes and their potential as hedging assets and safe havens during periods of global economic uncertainty. The research analyzes five clean energy indexes and four dirty energy indexes from May 2018 to May 2023, considering events such as the global pandemic and the Russian invasion of Ukraine. The main objective is to examine the causal relationship among different stock indexes pertaining to dirty and clean energy by using the Granger causality test (VAR Granger Causality/Block Exogeneity Wald Test) to determine whether clean energy indexes can predict future prices of dirty energy indexes. However, the findings reveal that clean and dirty energy indexes do not exhibit hedging characteristics or serve as safe havens during times of economic uncertainty, rejecting the research question. These results have important implications for investment strategies, as assets lacking safe haven characteristics may not preserve portfolio efficiency in uncertain times. The study's insights provide valuable guidance for investors, policymakers, and participants in energy financial markets. It highlights the need to adapt investment approaches and seek alternative options to navigate uncertain economic conditions effectively.
  • 534
  • 27 Jul 2023
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