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.
  • 640
  • 11 Apr 2022
Topic Review
The Structural Approach of Market Competition
Competition assessment in the economics is based on the theory of market struc-ture. There are two perceptions of industrial competition—dynamical and statical. A statical picture shows—a long-term balance of industrial competition which will exist if the industry would be described as a market entity in perfect competition, having the constant technology [9]. Distorted competition arises from the advantages of various processes, economies of capacity, lower prices, which support greater market power of one against its competitors. Robust approach states—that the market is often imperfect. Distorted competition arises from modern innovation, product derivations, technological advances in production processes. In addi-tion, monopoly situation is volatile because of creative destruction. Whereas factors connected with technological progress and firm innovation are difficult to detect from a dynamic point of view.
  • 636
  • 27 Jan 2022
Topic Review
Opportunities and Challenges in Quantum Computing for Business
Quantum computing is emerging as a groundbreaking force, promising to redefine the boundaries of technology and business. 
  • 630
  • 14 Nov 2023
Topic Review
Chicago Stock Exchange
The Chicago Stock Exchange (CHX) is a stock exchange in Chicago , Illinois, US. The exchange is a national securities exchange and self-regulatory organization, which operates under the oversight of the U.S. Securities and Exchange Commission (SEC). The Chicago Stock Exchange is currently located at 440 South LaSalle Street (FOUR40). Founded on March 21, 1882, the Chicago Stock Exchange merged with the regional stock exchanges St. Louis Stock Exchange, Cleveland Stock Exchange and Minneapolis-St. Paul Stock Exchange to form the Midwest Stock Exchange in 1949. In 1959, the New Orleans Stock Exchange became part of the Midwest Stock Exchange, and in the early 1960s the Midwest Stock Exchange Service Corporation was established to provide centralized accounting for member firms. In 1993 it changed its name back to the Chicago Stock Exchange.
  • 611
  • 23 Nov 2022
Topic Review
Unabsorbed Slack Resources and Enterprise Innovation
In 1963, Cyert & March defined slack resources as “the difference between total resources needed by the enterprise organization to maintain the status quo and the resources actually possessed by the organization”. There exist different forms of slack resources, such as idle machinery and equipment, surplus cash, extra employees, and semi-finished products in processing.  Technological innovation plays an important role in the success of enterprises and it is a critical factor for them to gain strong short-term market performance and long-term competitive advantage. Due to long cycles, large investments, and high adjustment costs, adequate resource support is essential to ensure the sustainability of innovation activities.
  • 603
  • 13 Apr 2022
Biography
Frank Li
Professor Li received his PhD degree in Finance from W.P. Carey School of Business, Arizona State University, and two masters degrees (MBA: international business/MIS; MS: Computer Science) from University of Missouri at Kansas City. His work experience includes various analyst and management positions in an international bank, a personal credit company, a small pharmaceutical consulting firm,
  • 580
  • 23 Aug 2022
Topic Review
Corporate Governance, Financial Innovation and Performance
In recent years, the rapid development of digital technology has prompted changes in the business model of banks. The business model has shifted from conventional physical bank branches to internet banking and then to mobile banking. During 2011–2019, the banks have higher shareholding of institutional investors, ratio of independent directors, rate of directors’ attendance, average education level of directors and ratio of directors with a financial or accounting background, the greater innovative financial services offered by banks. After 2015, the influence of corporate governance on banks’ innovative financial services has increased. Moreover, the greater financial innovation services, the higher the bank profitability and value, especially after 2015. Finally, offering more innovative financial services can enhance the value of financial-holding subsidiary banks; by contrast, doing the same might negatively affect the profitability of nonfinancial-holding banks.
  • 576
  • 06 Jun 2022
Topic Review
Carbon Emissions and Firm Performance
: This paper examines the effects of carbon emissions on the accounting and market-based performance of financial and non-financial firms in emerging economies. Data for 104 financial and 328 non-financial firms constituting 2591 observations operating in 22 emerging economies were collected from the Datastream database for the period 2011–2020. We applied OLS and 2SLS regression techniques to analyze the data. The results show that financial firms emit less carbon than their non-financial counterparts. The results further show that carbon emissions reduce firms’ return on equity, Tobin’s Q, Z-score, and credit rating. Our findings remain robust in different estimation techniques and alternative proxies of performance. Our results have some important policy implications for emerging economies.
  • 574
  • 17 Dec 2021
Topic Review
Consequences of Geopolitics and COVID-19 on Economic Performance
The COVID-19 crisis and the war between Russia and Ukraine affects the world economy badly. The western countries’ economic sanctions on Russia and the Russian government’s reverse sanctions on western countries create pressure on the world economy. Countries over the world registered less economic growth, high inflation rate, and high government debt in 2022 compared to the fiscal period of 2019–2021. The emerging economies and developing countries of Europe were badly affected by the crisis as the level of inflation rate hit 27 percent and the economic growth of the region registered a negative 2.9 percent. It also found rising interest rates, exchange rate volatility, risk of stagflation, and rising energy prices are the short-term risks to economies. The issue of sustainable development goals and green aspects, risk of hyperinflation, and risk of economic recession are the long-term strategic challenges or risks to economies. Bailout and debt relief were found to be necessary for those countries badly affected by the crisis. Policymakers should facilitate financial policies and should switch from general assistance to targeted support of viable enterprises. 
  • 569
  • 11 Nov 2022
Topic Review
Circular Economy and Financial Aspects
The barriers faced by companies adopting the circular economy in relation to financial performance are defined by (i) the size of the business and the initial investment cost, (ii) difficulties for micro and small companies, (iii) to a more complex structuring of the business, and (iv) greater exposure to risk, as the circular economy is a new concept and is and not as representative as a linear standard system. Thus, there is a need for accounting control of process costs, since resources for different products can have different life cycles. Therefore, factors like financial incentives, subsidies for the projects, and the awareness of nations, companies and consumers are of great importance for the evolution of the circular economy.
  • 565
  • 23 Mar 2022
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