This paper examines the role of internal audit and the incorporation of Environmental,Social,and Governance(ESG)factors within the corporate governance frameworks of Greek firms in mitigating their financial risk.Time...This paper examines the role of internal audit and the incorporation of Environmental,Social,and Governance(ESG)factors within the corporate governance frameworks of Greek firms in mitigating their financial risk.Time series econometric analysis was performed to determine the factors that influence financial stability,transparency,and regulatory compliance in Greek Firms.Data were collected from 120 internal auditors and financial professionals employed in organizations across multiple sectors of the Greek economy.In line with existing literature,findings show that robust internal audit and ESG practices are essential in promoting financial stability,transparency,and regulatory compliance.The paper provides empirical evidence that well-structured internal audit mechanisms and effective ESG initiatives reduce financial risks,while enhancing organizational sustainability and resilience.The results emphasize the growing importance of ESG considerations in corporate governance and suggest that improvements in both internal audit systems,as well as robust ESG policies,can strengthen risk management strategies and improve long-term financial performance.While previous research has thoroughly investigated the impact of internal audits on financial stability and the influence of ESG on corporate sustainability,this paper specifically examines their combined effect on financial risk management.Using firm level data across various sectors of the Greek economy,this study provides insights into how internal audit and ESG policies can jointly contribute towards enhancing financial resilience,transparency,and regulatory compliance.展开更多
The headquarters of Plutus Financial Group Ltd,based in Hong Kong,stands as a silent yet razorsharp marker—rooted deeply in the heart of traditional finance,while piercing boundaries,exploring the vast nebulae of blo...The headquarters of Plutus Financial Group Ltd,based in Hong Kong,stands as a silent yet razorsharp marker—rooted deeply in the heart of traditional finance,while piercing boundaries,exploring the vast nebulae of blockchain and artificial intelligence.This integrated financial services group,newly listed on Nasdaq this February,is moving through the cut-and-thrust of the capital market with the postureof a"white knight."展开更多
With the continuous growth of China's economy,financial opening to the outside world has become one of the important means to promote economic development.However,with the continuous acceleration of capital flow,t...With the continuous growth of China's economy,financial opening to the outside world has become one of the important means to promote economic development.However,with the continuous acceleration of capital flow,the problem of balance in and out is becoming increasingly prominent.Taking China's financial opening to the outside world as the research object,this paper discusses how China strategically achieves the balance of entry and exit in the field of financial opening to the outside world,and the impact of this balance.Through the quantitative analysis of China's financial opening to the outside world and foreign capital flows,it is found that China needs to strengthen the management of capital items and optimize the structure of capital flows in the process of financial opening to the outside world,to achieve the balance of financial flows in and out.As for the impact of the balance of access and access,the analysis of the impact mechanism shows that the financial opening and access and balance can improve the stability of the financial market,provide sufficient liquidity for the healthy development of the financial market,and alleviate financial risks.Such a strategy is of great practical significance for promoting the sustained and healthy development of China's economy.Therefore,based on the actual situation of China,this paper puts forward some relevant strategy suggestions to guide the practical operation of China's financial opening up.展开更多
This article focuses on financial management issues in mergers and acquisitions(M&A).It provides an indepth analysis of the financial risks and management challenges faced by contemporary businesses during various...This article focuses on financial management issues in mergers and acquisitions(M&A).It provides an indepth analysis of the financial risks and management challenges faced by contemporary businesses during various stages of M&A,such as pre-merger valuation pricing difficulties,unreasonable financing structures,risks in payment method selection,obstacles to financial integration,and lack of risk management.Targeted management strategies are proposed to address these issues.This paper suggests strengthening due diligence and valuation management,optimizing financing structures,rationally selecting payment methods,deepening financial integration,and improving tax planning.These strategies aim to enhance the level of financial management in M&A,promote economic synergies and management effects,help companies quickly achieve M&A goals,and drive sustainable business development.展开更多
In the process of implementing data openness between banks and fin-tech companies,as the breadth and depth of cooperation between banks and enterprises continue to increase,there is a risk of“too much correlation to ...In the process of implementing data openness between banks and fin-tech companies,as the breadth and depth of cooperation between banks and enterprises continue to increase,there is a risk of“too much correlation to fail”and“too many links to fail”.There are problems with the implementation of financial data openness by regulatory agencies for banks and fin-tech enterprises,such as the ambiguity of regulatory responsibilities,the emphasis on financial regulatory goals,and the lag in regulatory methods.To address these issues,it is necessary to clarify the responsibilities of financial regulatory agencies,establish a collaborative mechanism for financial regulation,coordinate the types of risks in bank enterprise cooperation,achieve the technical implementation of financial regulatory measures and the design of regulatory systems,obtain regulatory data in real time,establish a hierarchical regulatory system for bank enterprise cooperation to improve the regulatory path,and ensure the rational and legal use of financial data in bank enterprise cooperation.展开更多
BACKGROUND Return to work(RTW)serves as an indication for young and middle-aged colorectal cancer(CRC)survivors to resume their normal social lives.However,these survivors encounter significant challenges during their...BACKGROUND Return to work(RTW)serves as an indication for young and middle-aged colorectal cancer(CRC)survivors to resume their normal social lives.However,these survivors encounter significant challenges during their RTW process.Hence,scientific research is necessary to explore the barriers and facilitating factors of returning to work for young and middle-aged CRC survivors.AIM To examine the current RTW status among young and middle-aged CRC survivors and to analyze the impact of RTW self-efficacy(RTW-SE),fear of progression(FoP),eHealth literacy(eHL),family resilience(FR),and financial toxicity(FT)on their RTW outcomes.METHODS A cross-sectional investigation was adopted in this study.From September 2022 to February 2023,a total of 209 participants were recruited through a convenience sampling method from the gastrointestinal surgery department of a class A tertiary hospital in Chongqing.The investigation utilized a general information questionnaire alongside scales assessing RTW-SE,FoP,eHL,FR,and FT.To analyze the factors that influence RTW outcomes among young and middle-aged CRC survivors,Cox regression modeling and Kaplan-Meier survival analysis were used.RESULTS A total of 43.54%of the participants successfully returned to work,with an average RTW time of 100 days.Cox regression univariate analysis revealed that RTW-SE,FoP,eHL,FR,and FT were significantly different between the non-RTW and RTW groups(P<0.05).Furthermore,Cox regression multivariate analysis identified per capita family monthly income,job type,RTW-SE,and FR as independent influencing factors for RTW(P<0.05).CONCLUSION The RTW rate requires further improvement.Elevated levels of RTW-SE and FR were found to significantly increase RTW among young and middle-aged CRC survivors.Health professionals should focus on modifiable factors,such as RTW-SE and FR,to design targeted RTW support programs,thereby facilitating their timely reintegration into mainstream society.展开更多
When the G20 was created in 1999 in the wake of the Asian financial crisis,few imagined it would one day become the nerve centre of global governance.Twenty-six years later,the G20 members,which represent 85 percent o...When the G20 was created in 1999 in the wake of the Asian financial crisis,few imagined it would one day become the nerve centre of global governance.Twenty-six years later,the G20 members,which represent 85 percent of the global GDP and two-thirds of the world population,are once again navigating a turbulent era marked by geopolitical rivalry,economic fragmentation and widening inequality.展开更多
Continuously increasing inflation is a major challenge in presenting reliable and relevant financial reports,especially in developing countries like Indonesia.This study aims to analyze the role of inflation accountin...Continuously increasing inflation is a major challenge in presenting reliable and relevant financial reports,especially in developing countries like Indonesia.This study aims to analyze the role of inflation accounting in increasing the reliability of financial reports during times of high inflation.With a qualitative-descriptive approach,this research examines two main methods in inflation accounting,namely General Price Level Accounting(GPLA)and Current Cost Accounting(CCA),and their impact on the value of assets,liabilities,income,and costs.The analysis results show that historical cost-based financial reports do not reflect actual economic conditions during inflation,so they can be misleading in decision making.The application of inflation accounting,through adjustments to purchasing power and current prices,has been proven to be able to increase the relevance and reliability of financial information.However,limitations in implementation in Indonesia are due to the lack of regulations and practical understanding regarding this method.Therefore,the application of inflation accounting is important in supporting the quality of financial reports and more accurate decision making amidst economic instability.展开更多
Trend with an increase to EUR l67 mn(compared with minus EUR122.8 mn in 2023).Liquid assets decreased by 38.2 percent compared to December 3l,2023,to a level of EUR 451.7 mn as of December 31,2024,mainly dueto the rep...Trend with an increase to EUR l67 mn(compared with minus EUR122.8 mn in 2023).Liquid assets decreased by 38.2 percent compared to December 3l,2023,to a level of EUR 451.7 mn as of December 31,2024,mainly dueto the repayment of private placements and other loans and borrowings.展开更多
This study employs bibliometric and visualisation techniques to analyse global trends in financial inclusion and the innovative tools that promote it.By examining a multidatabase compilation of 4202 documents sourced ...This study employs bibliometric and visualisation techniques to analyse global trends in financial inclusion and the innovative tools that promote it.By examining a multidatabase compilation of 4202 documents sourced from Scopus and Web of Science,the significant role of book chapters in disseminating research in this field is highlighted.Our analysis reveals rapid growth in publications,particularly from China and India,and identifies key influential works and authors.Additionally,it is observed that financial inclusion is approached from a multidisciplinary perspective.The findings of this study also indicate a shift in research focus from traditional concepts such as“housing”and“banking”to“digitalisation”and“sustainability.”Key research trends in financial innovative tools include regulatory frameworks,mobile money,and financial education.The issues discussed in this article seek to contribute to the ongoing dialogue on developing intellectual frameworks withing the financial inclusion literature.They offer valuable insights for policymakers,industry practitioners,and researchers in the fields of financial innovation and inclusion.展开更多
Necessary actions should be taken to ensure stock market efficiency;thus,financial innovation-based criteria that affect stock market efficiency should be improved.However,simultaneously improving all criteria is diff...Necessary actions should be taken to ensure stock market efficiency;thus,financial innovation-based criteria that affect stock market efficiency should be improved.However,simultaneously improving all criteria is difficult;therefore,performing priority analysis is important for carrying out this process effectively and efficiently.Accordingly,this study aims to evaluate the financial innovation-based characteristics of stock market efficiency.This study’s main research question within this framework is identifying which factors should be prioritized to improve the stock market.In this scope,we created a novel fuzzy decision-making model consisting of two stages.First,selected criteria for the financial innovation-based characteristics of stock market efficiency are weighted.In this process,quantum spherical fuzzy sets based on DEMATEL are considered.In the second stage,selected economies are ranked using the technique for order of preference by similarity to ideal solution(TOPSIS)approach.This study’s main contribution is that the DEMATEL technique in calculating criterion weights in the decision-making analysis process provides some advantages.With the help of this situation,the causal directions between these items can be considered;thus,it is possible to determine the most accurate strategies.The findings demonstrate that providing tax advantages is the most important factor in ensuring stock market efficiency.Moreover,the excellence of the financial system is critical in ensuring stock market efficiency.In this context,it is possible to provide tax advantages,especially for long-term investments.Thus,long-term investments can be increased,significantly increasing the market’s stability.展开更多
This study presents an all-inclusive analysis of the literature on the augmentation of financial inclusion through fintech.Ninety-six papers were selected from the 2951 articles in the Web of Science,Scopus,and EBSCO ...This study presents an all-inclusive analysis of the literature on the augmentation of financial inclusion through fintech.Ninety-six papers were selected from the 2951 articles in the Web of Science,Scopus,and EBSCO databases.This study uses bibliometric and content analysis techniques to illuminate the underexplored aspects of fintech’s impact on financial inclusion.Unlike previous studies,this study consolidates a significant amount of the literature on financial inclusion by systematically contextualizing theories and viewpoints from the fintech sector.The key findings include the identification of three main research clusters:(1)the advent of novel services,(2)the transformation of the market landscape,and(3)the roles of stakeholders in the fintech ecosystem.The analysis reveals gaps in the existing research,such as the need for more studies on the tangible impact of fintech on financial inclusion and regulation.This study concludes by highlighting potential directions for future research and emphasizing the importance of policymakers paying greater attention to fintech’s implications for financial inclusion.展开更多
This paper proposes a novel hybrid fraud detection framework that integrates multi-stage feature selection,unsupervised clustering,and ensemble learning to improve classification performance in financial transaction m...This paper proposes a novel hybrid fraud detection framework that integrates multi-stage feature selection,unsupervised clustering,and ensemble learning to improve classification performance in financial transaction monitoring systems.The framework is structured into three core layers:(1)feature selection using Recursive Feature Elimination(RFE),Principal Component Analysis(PCA),and Mutual Information(MI)to reduce dimensionality and enhance input relevance;(2)anomaly detection through unsupervised clustering using K-Means,Density-Based Spatial Clustering(DBSCAN),and Hierarchical Clustering to flag suspicious patterns in unlabeled data;and(3)final classification using a voting-based hybrid ensemble of Support Vector Machine(SVM),Random Forest(RF),and Gradient Boosting Classifier(GBC).The experimental evaluation is conducted on a synthetically generated dataset comprising one million financial transactions,with 5% labelled as fraudulent,simulating realistic fraud rates and behavioural features,including transaction time,origin,amount,and geo-location.The proposed model demonstrated a significant improvement over baseline classifiers,achieving an accuracy of 99%,a precision of 99%,a recall of 97%,and an F1-score of 99%.Compared to individual models,it yielded a 9% gain in overall detection accuracy.It reduced the false positive rate to below 3.5%,thereby minimising the operational costs associated with manually reviewing false alerts.The model’s interpretability is enhanced by the integration of Shapley Additive Explanations(SHAP)values for feature importance,supporting transparency and regulatory auditability.These results affirm the practical relevance of the proposed system for deployment in real-time fraud detection scenarios such as credit card transactions,mobile banking,and cross-border payments.The study also highlights future directions,including the deployment of lightweight models and the integration of multimodal data for scalable fraud analytics.展开更多
The recent surge in global financial and patent innovations and rising CO_(2) emissions in the global energy sector have drawn significant attention to China’s transportation industry.This study examines how financia...The recent surge in global financial and patent innovations and rising CO_(2) emissions in the global energy sector have drawn significant attention to China’s transportation industry.This study examines how financial innovations(FINI),patent innovations(PTIN),and bioenergy(BIOE)affect CO_(2) emissions in China’s transportation sector(TBCO_(2))using quarterly data from 2000 to 2018.This study employed a novel wavelet local multiple correlation(WLMC)methodology,alongside the time-varying causality test,to examine the time–frequency nexus,addressing a critical gap in the current literature.The WLMC bivariate analyses revealed a negative long-term relationship between PTIN and FINI with TBCO_(2).At the same time,BIOE showed only a short-term mitigating effect,with PTIN playing a dominant role in this nexus at various frequency levels.Furthermore,the three-and four-variate assessments highlight the consistent positive influence of all included factors on TBCO_(2).A timevarying causality test also demonstrated significant causal relationships between FINI,PTIN,BIOE,and TBCO_(2) across different periods,confirming the robustness of our WLMC results.This study provides crucial insights,emphasizing the urgency of promoting FINIs,technological advancement,and bioenergy usage to reduce transportation emissions and pursue sustainable solutions to address China’s environmental challenges.展开更多
Scientific research and technological innovation are driving modern economies;however,a new form of property rights is required to compensate knowledge workers for their contributions.In 1994,the Science and Technolog...Scientific research and technological innovation are driving modern economies;however,a new form of property rights is required to compensate knowledge workers for their contributions.In 1994,the Science and Technology Bureau of Shenzhen,China implemented a policy to encourage scientists and engineers to develop innovative technologies that would provide them a share of the profits earned from their innovations.This created a new“shared property rights”system.China’s shared property model is so new that the conditions under which it can improve enterprise profits remain unclear.To answer this question,we obtained data from the China Stock Market and Accounting Research database for 904 Chinese enterprises that had implemented shared property rights for the first time between 2009 and 2021 and used a propensity score matching method and econometric models to evaluate their performance.The results indicated that shared property incentives improved corporate financial performance and that benefits increased gradually over time.The new approach showed a stronger positive effect than restricted stock options during the study period.The strength of the incentive was greater for core technical staff than for senior executives,suggesting that scientists,engineers,and computer programmers should be the targets of a shared property rights incentive program.To take full advantage of the new shared property rights institution,enterprise managers should set the implementation period at a reasonable length(5 to 10 years,based on our study results).Enterprises can also test two or more simultaneous approaches that account for the specific needs of each category of workers,based on a careful examination of their current situation and expected or desired future situations.展开更多
The prioritization of financial infrastructure construction serves as a crucial guarantee for the high-quality development of small and micro enterprises.However,resolving the financing challenges of small and micro e...The prioritization of financial infrastructure construction serves as a crucial guarantee for the high-quality development of small and micro enterprises.However,resolving the financing challenges of small and micro enterprises is not a task to be accomplished overnight.It necessitates the establishment of a long-term mechanism,the acceleration of financial innovation,the gradual enhancement of the vitality of micro-entities,and the creation of a stable and healthy economic development environment.Therefore,the author first analyzes the current financing situation of small and micro enterprises,as well as the problems they face during the process of financial innovation enabling small and micro enterprises to access financing and solve their financing difficulties,such as insufficient technical support,an imperfect risk control system,incomplete information disclosure,and a lack of credit data.Subsequently,targeted paths for financial innovation are proposed,aiming to offer suggestions for solving the financing problems of small and micro enterprises.展开更多
Financial integration plays an important role in fostering global economic growth.Energy demand,technology transfer,sustainable production,and climate change have emerged as key drivers of sustainable development.This...Financial integration plays an important role in fostering global economic growth.Energy demand,technology transfer,sustainable production,and climate change have emerged as key drivers of sustainable development.This study explores the influence of financial integration,bolstered by renewable energy-induced trade,industry-driven technology,and environmental concerns,on regional economic growth.This study analyzes a panel of 39 high-and upper-middle-income European and Central Asian countries in 2017–2021.Using a panel generalized method of moments estimator,we reveal an inverted U-shaped relationship between regional economic growth and carbon emissions.Moreover,renewable energy-induced trade contributes positively to regional growth while trade openness and technology transfer further enhance this growth.Industry-driven technology negatively impacts regional growth owing to inadequate financial integration.The absence of sustainable energy infrastructure and industrialization also negatively impacts regional growth.Our study underscores the importance of increasing financial integration to promote sustainable energydriven trade openness and technology transfer in line with the United Nations’sustainable development agenda.展开更多
Small-scale wind turbines are essential energy sources for hospitals because they have several advantages,such as lower maintenance costs and the possibility of customization.However,small-scale wind energy projects o...Small-scale wind turbines are essential energy sources for hospitals because they have several advantages,such as lower maintenance costs and the possibility of customization.However,small-scale wind energy projects often have high capital requirements.Many factors affect the performance of financial products to be developed for financing small-scale wind turbines.Nevertheless,applications to improve each of these variables lead to increased costs.Owing to this situation,it is necessary to determine the more important factors and to prioritize these issues.The purpose of this study is to identify the essential factors that have the greatest impact on the performance of financial products considered for small-scale wind turbine projects.First,a unique criteria list is evaluated via the T-Spherical fuzzy TOP-DEMATEL technique.Another analysis is also performed to define which of the financial products are suitable for smallscale wind turbine projects with RATGOS.The main contribution of this study is that a priority evaluation has been conducted to identify the most critical determinants of effective financial products for small-scale wind turbine projects.Current decisionmaking models called RATGOS and TOP-DEMATEL are used to increase methodological specificity and minimize uncertainty.One of the theoretical contributions of this study is that it provides a strategic roadmap for financing such projects.The findings indicate that financial efficiency is the most significant factor in increasing the performance of financial innovation.Moreover,green bonds can be a viable option for financing wind energy projects,as they are generally long-term and have low interest rates.展开更多
文摘This paper examines the role of internal audit and the incorporation of Environmental,Social,and Governance(ESG)factors within the corporate governance frameworks of Greek firms in mitigating their financial risk.Time series econometric analysis was performed to determine the factors that influence financial stability,transparency,and regulatory compliance in Greek Firms.Data were collected from 120 internal auditors and financial professionals employed in organizations across multiple sectors of the Greek economy.In line with existing literature,findings show that robust internal audit and ESG practices are essential in promoting financial stability,transparency,and regulatory compliance.The paper provides empirical evidence that well-structured internal audit mechanisms and effective ESG initiatives reduce financial risks,while enhancing organizational sustainability and resilience.The results emphasize the growing importance of ESG considerations in corporate governance and suggest that improvements in both internal audit systems,as well as robust ESG policies,can strengthen risk management strategies and improve long-term financial performance.While previous research has thoroughly investigated the impact of internal audits on financial stability and the influence of ESG on corporate sustainability,this paper specifically examines their combined effect on financial risk management.Using firm level data across various sectors of the Greek economy,this study provides insights into how internal audit and ESG policies can jointly contribute towards enhancing financial resilience,transparency,and regulatory compliance.
文摘The headquarters of Plutus Financial Group Ltd,based in Hong Kong,stands as a silent yet razorsharp marker—rooted deeply in the heart of traditional finance,while piercing boundaries,exploring the vast nebulae of blockchain and artificial intelligence.This integrated financial services group,newly listed on Nasdaq this February,is moving through the cut-and-thrust of the capital market with the postureof a"white knight."
文摘With the continuous growth of China's economy,financial opening to the outside world has become one of the important means to promote economic development.However,with the continuous acceleration of capital flow,the problem of balance in and out is becoming increasingly prominent.Taking China's financial opening to the outside world as the research object,this paper discusses how China strategically achieves the balance of entry and exit in the field of financial opening to the outside world,and the impact of this balance.Through the quantitative analysis of China's financial opening to the outside world and foreign capital flows,it is found that China needs to strengthen the management of capital items and optimize the structure of capital flows in the process of financial opening to the outside world,to achieve the balance of financial flows in and out.As for the impact of the balance of access and access,the analysis of the impact mechanism shows that the financial opening and access and balance can improve the stability of the financial market,provide sufficient liquidity for the healthy development of the financial market,and alleviate financial risks.Such a strategy is of great practical significance for promoting the sustained and healthy development of China's economy.Therefore,based on the actual situation of China,this paper puts forward some relevant strategy suggestions to guide the practical operation of China's financial opening up.
文摘This article focuses on financial management issues in mergers and acquisitions(M&A).It provides an indepth analysis of the financial risks and management challenges faced by contemporary businesses during various stages of M&A,such as pre-merger valuation pricing difficulties,unreasonable financing structures,risks in payment method selection,obstacles to financial integration,and lack of risk management.Targeted management strategies are proposed to address these issues.This paper suggests strengthening due diligence and valuation management,optimizing financing structures,rationally selecting payment methods,deepening financial integration,and improving tax planning.These strategies aim to enhance the level of financial management in M&A,promote economic synergies and management effects,help companies quickly achieve M&A goals,and drive sustainable business development.
文摘In the process of implementing data openness between banks and fin-tech companies,as the breadth and depth of cooperation between banks and enterprises continue to increase,there is a risk of“too much correlation to fail”and“too many links to fail”.There are problems with the implementation of financial data openness by regulatory agencies for banks and fin-tech enterprises,such as the ambiguity of regulatory responsibilities,the emphasis on financial regulatory goals,and the lag in regulatory methods.To address these issues,it is necessary to clarify the responsibilities of financial regulatory agencies,establish a collaborative mechanism for financial regulation,coordinate the types of risks in bank enterprise cooperation,achieve the technical implementation of financial regulatory measures and the design of regulatory systems,obtain regulatory data in real time,establish a hierarchical regulatory system for bank enterprise cooperation to improve the regulatory path,and ensure the rational and legal use of financial data in bank enterprise cooperation.
基金Supported by the Chongqing Medical University Program for Youth Innovation in Future Medicine,No.W0019Chongqing Municipal Education Commission’s 14th Five-Year Key Discipline Support Project,No.20240101 and No.20240102。
文摘BACKGROUND Return to work(RTW)serves as an indication for young and middle-aged colorectal cancer(CRC)survivors to resume their normal social lives.However,these survivors encounter significant challenges during their RTW process.Hence,scientific research is necessary to explore the barriers and facilitating factors of returning to work for young and middle-aged CRC survivors.AIM To examine the current RTW status among young and middle-aged CRC survivors and to analyze the impact of RTW self-efficacy(RTW-SE),fear of progression(FoP),eHealth literacy(eHL),family resilience(FR),and financial toxicity(FT)on their RTW outcomes.METHODS A cross-sectional investigation was adopted in this study.From September 2022 to February 2023,a total of 209 participants were recruited through a convenience sampling method from the gastrointestinal surgery department of a class A tertiary hospital in Chongqing.The investigation utilized a general information questionnaire alongside scales assessing RTW-SE,FoP,eHL,FR,and FT.To analyze the factors that influence RTW outcomes among young and middle-aged CRC survivors,Cox regression modeling and Kaplan-Meier survival analysis were used.RESULTS A total of 43.54%of the participants successfully returned to work,with an average RTW time of 100 days.Cox regression univariate analysis revealed that RTW-SE,FoP,eHL,FR,and FT were significantly different between the non-RTW and RTW groups(P<0.05).Furthermore,Cox regression multivariate analysis identified per capita family monthly income,job type,RTW-SE,and FR as independent influencing factors for RTW(P<0.05).CONCLUSION The RTW rate requires further improvement.Elevated levels of RTW-SE and FR were found to significantly increase RTW among young and middle-aged CRC survivors.Health professionals should focus on modifiable factors,such as RTW-SE and FR,to design targeted RTW support programs,thereby facilitating their timely reintegration into mainstream society.
文摘When the G20 was created in 1999 in the wake of the Asian financial crisis,few imagined it would one day become the nerve centre of global governance.Twenty-six years later,the G20 members,which represent 85 percent of the global GDP and two-thirds of the world population,are once again navigating a turbulent era marked by geopolitical rivalry,economic fragmentation and widening inequality.
文摘Continuously increasing inflation is a major challenge in presenting reliable and relevant financial reports,especially in developing countries like Indonesia.This study aims to analyze the role of inflation accounting in increasing the reliability of financial reports during times of high inflation.With a qualitative-descriptive approach,this research examines two main methods in inflation accounting,namely General Price Level Accounting(GPLA)and Current Cost Accounting(CCA),and their impact on the value of assets,liabilities,income,and costs.The analysis results show that historical cost-based financial reports do not reflect actual economic conditions during inflation,so they can be misleading in decision making.The application of inflation accounting,through adjustments to purchasing power and current prices,has been proven to be able to increase the relevance and reliability of financial information.However,limitations in implementation in Indonesia are due to the lack of regulations and practical understanding regarding this method.Therefore,the application of inflation accounting is important in supporting the quality of financial reports and more accurate decision making amidst economic instability.
文摘Trend with an increase to EUR l67 mn(compared with minus EUR122.8 mn in 2023).Liquid assets decreased by 38.2 percent compared to December 3l,2023,to a level of EUR 451.7 mn as of December 31,2024,mainly dueto the repayment of private placements and other loans and borrowings.
文摘This study employs bibliometric and visualisation techniques to analyse global trends in financial inclusion and the innovative tools that promote it.By examining a multidatabase compilation of 4202 documents sourced from Scopus and Web of Science,the significant role of book chapters in disseminating research in this field is highlighted.Our analysis reveals rapid growth in publications,particularly from China and India,and identifies key influential works and authors.Additionally,it is observed that financial inclusion is approached from a multidisciplinary perspective.The findings of this study also indicate a shift in research focus from traditional concepts such as“housing”and“banking”to“digitalisation”and“sustainability.”Key research trends in financial innovative tools include regulatory frameworks,mobile money,and financial education.The issues discussed in this article seek to contribute to the ongoing dialogue on developing intellectual frameworks withing the financial inclusion literature.They offer valuable insights for policymakers,industry practitioners,and researchers in the fields of financial innovation and inclusion.
文摘Necessary actions should be taken to ensure stock market efficiency;thus,financial innovation-based criteria that affect stock market efficiency should be improved.However,simultaneously improving all criteria is difficult;therefore,performing priority analysis is important for carrying out this process effectively and efficiently.Accordingly,this study aims to evaluate the financial innovation-based characteristics of stock market efficiency.This study’s main research question within this framework is identifying which factors should be prioritized to improve the stock market.In this scope,we created a novel fuzzy decision-making model consisting of two stages.First,selected criteria for the financial innovation-based characteristics of stock market efficiency are weighted.In this process,quantum spherical fuzzy sets based on DEMATEL are considered.In the second stage,selected economies are ranked using the technique for order of preference by similarity to ideal solution(TOPSIS)approach.This study’s main contribution is that the DEMATEL technique in calculating criterion weights in the decision-making analysis process provides some advantages.With the help of this situation,the causal directions between these items can be considered;thus,it is possible to determine the most accurate strategies.The findings demonstrate that providing tax advantages is the most important factor in ensuring stock market efficiency.Moreover,the excellence of the financial system is critical in ensuring stock market efficiency.In this context,it is possible to provide tax advantages,especially for long-term investments.Thus,long-term investments can be increased,significantly increasing the market’s stability.
文摘This study presents an all-inclusive analysis of the literature on the augmentation of financial inclusion through fintech.Ninety-six papers were selected from the 2951 articles in the Web of Science,Scopus,and EBSCO databases.This study uses bibliometric and content analysis techniques to illuminate the underexplored aspects of fintech’s impact on financial inclusion.Unlike previous studies,this study consolidates a significant amount of the literature on financial inclusion by systematically contextualizing theories and viewpoints from the fintech sector.The key findings include the identification of three main research clusters:(1)the advent of novel services,(2)the transformation of the market landscape,and(3)the roles of stakeholders in the fintech ecosystem.The analysis reveals gaps in the existing research,such as the need for more studies on the tangible impact of fintech on financial inclusion and regulation.This study concludes by highlighting potential directions for future research and emphasizing the importance of policymakers paying greater attention to fintech’s implications for financial inclusion.
基金funded by the Deanship of Scientific Research,Vice Presidency for Graduate Studies and Scientific Research,King Faisal University,Saudi Arabia[Grant No.KFU241683].
文摘This paper proposes a novel hybrid fraud detection framework that integrates multi-stage feature selection,unsupervised clustering,and ensemble learning to improve classification performance in financial transaction monitoring systems.The framework is structured into three core layers:(1)feature selection using Recursive Feature Elimination(RFE),Principal Component Analysis(PCA),and Mutual Information(MI)to reduce dimensionality and enhance input relevance;(2)anomaly detection through unsupervised clustering using K-Means,Density-Based Spatial Clustering(DBSCAN),and Hierarchical Clustering to flag suspicious patterns in unlabeled data;and(3)final classification using a voting-based hybrid ensemble of Support Vector Machine(SVM),Random Forest(RF),and Gradient Boosting Classifier(GBC).The experimental evaluation is conducted on a synthetically generated dataset comprising one million financial transactions,with 5% labelled as fraudulent,simulating realistic fraud rates and behavioural features,including transaction time,origin,amount,and geo-location.The proposed model demonstrated a significant improvement over baseline classifiers,achieving an accuracy of 99%,a precision of 99%,a recall of 97%,and an F1-score of 99%.Compared to individual models,it yielded a 9% gain in overall detection accuracy.It reduced the false positive rate to below 3.5%,thereby minimising the operational costs associated with manually reviewing false alerts.The model’s interpretability is enhanced by the integration of Shapley Additive Explanations(SHAP)values for feature importance,supporting transparency and regulatory auditability.These results affirm the practical relevance of the proposed system for deployment in real-time fraud detection scenarios such as credit card transactions,mobile banking,and cross-border payments.The study also highlights future directions,including the deployment of lightweight models and the integration of multimodal data for scalable fraud analytics.
基金supported by Key Project of National Social Fund of China(21AGL014).
文摘The recent surge in global financial and patent innovations and rising CO_(2) emissions in the global energy sector have drawn significant attention to China’s transportation industry.This study examines how financial innovations(FINI),patent innovations(PTIN),and bioenergy(BIOE)affect CO_(2) emissions in China’s transportation sector(TBCO_(2))using quarterly data from 2000 to 2018.This study employed a novel wavelet local multiple correlation(WLMC)methodology,alongside the time-varying causality test,to examine the time–frequency nexus,addressing a critical gap in the current literature.The WLMC bivariate analyses revealed a negative long-term relationship between PTIN and FINI with TBCO_(2).At the same time,BIOE showed only a short-term mitigating effect,with PTIN playing a dominant role in this nexus at various frequency levels.Furthermore,the three-and four-variate assessments highlight the consistent positive influence of all included factors on TBCO_(2).A timevarying causality test also demonstrated significant causal relationships between FINI,PTIN,BIOE,and TBCO_(2) across different periods,confirming the robustness of our WLMC results.This study provides crucial insights,emphasizing the urgency of promoting FINIs,technological advancement,and bioenergy usage to reduce transportation emissions and pursue sustainable solutions to address China’s environmental challenges.
基金supported by the National R&D Program China(No.2021xjkk0405).
文摘Scientific research and technological innovation are driving modern economies;however,a new form of property rights is required to compensate knowledge workers for their contributions.In 1994,the Science and Technology Bureau of Shenzhen,China implemented a policy to encourage scientists and engineers to develop innovative technologies that would provide them a share of the profits earned from their innovations.This created a new“shared property rights”system.China’s shared property model is so new that the conditions under which it can improve enterprise profits remain unclear.To answer this question,we obtained data from the China Stock Market and Accounting Research database for 904 Chinese enterprises that had implemented shared property rights for the first time between 2009 and 2021 and used a propensity score matching method and econometric models to evaluate their performance.The results indicated that shared property incentives improved corporate financial performance and that benefits increased gradually over time.The new approach showed a stronger positive effect than restricted stock options during the study period.The strength of the incentive was greater for core technical staff than for senior executives,suggesting that scientists,engineers,and computer programmers should be the targets of a shared property rights incentive program.To take full advantage of the new shared property rights institution,enterprise managers should set the implementation period at a reasonable length(5 to 10 years,based on our study results).Enterprises can also test two or more simultaneous approaches that account for the specific needs of each category of workers,based on a careful examination of their current situation and expected or desired future situations.
文摘The prioritization of financial infrastructure construction serves as a crucial guarantee for the high-quality development of small and micro enterprises.However,resolving the financing challenges of small and micro enterprises is not a task to be accomplished overnight.It necessitates the establishment of a long-term mechanism,the acceleration of financial innovation,the gradual enhancement of the vitality of micro-entities,and the creation of a stable and healthy economic development environment.Therefore,the author first analyzes the current financing situation of small and micro enterprises,as well as the problems they face during the process of financial innovation enabling small and micro enterprises to access financing and solve their financing difficulties,such as insufficient technical support,an imperfect risk control system,incomplete information disclosure,and a lack of credit data.Subsequently,targeted paths for financial innovation are proposed,aiming to offer suggestions for solving the financing problems of small and micro enterprises.
基金Researchers Supporting Project number(RSP2025R87),King Saud University,Riyadh,Saudi Arabia.
文摘Financial integration plays an important role in fostering global economic growth.Energy demand,technology transfer,sustainable production,and climate change have emerged as key drivers of sustainable development.This study explores the influence of financial integration,bolstered by renewable energy-induced trade,industry-driven technology,and environmental concerns,on regional economic growth.This study analyzes a panel of 39 high-and upper-middle-income European and Central Asian countries in 2017–2021.Using a panel generalized method of moments estimator,we reveal an inverted U-shaped relationship between regional economic growth and carbon emissions.Moreover,renewable energy-induced trade contributes positively to regional growth while trade openness and technology transfer further enhance this growth.Industry-driven technology negatively impacts regional growth owing to inadequate financial integration.The absence of sustainable energy infrastructure and industrialization also negatively impacts regional growth.Our study underscores the importance of increasing financial integration to promote sustainable energydriven trade openness and technology transfer in line with the United Nations’sustainable development agenda.
文摘Small-scale wind turbines are essential energy sources for hospitals because they have several advantages,such as lower maintenance costs and the possibility of customization.However,small-scale wind energy projects often have high capital requirements.Many factors affect the performance of financial products to be developed for financing small-scale wind turbines.Nevertheless,applications to improve each of these variables lead to increased costs.Owing to this situation,it is necessary to determine the more important factors and to prioritize these issues.The purpose of this study is to identify the essential factors that have the greatest impact on the performance of financial products considered for small-scale wind turbine projects.First,a unique criteria list is evaluated via the T-Spherical fuzzy TOP-DEMATEL technique.Another analysis is also performed to define which of the financial products are suitable for smallscale wind turbine projects with RATGOS.The main contribution of this study is that a priority evaluation has been conducted to identify the most critical determinants of effective financial products for small-scale wind turbine projects.Current decisionmaking models called RATGOS and TOP-DEMATEL are used to increase methodological specificity and minimize uncertainty.One of the theoretical contributions of this study is that it provides a strategic roadmap for financing such projects.The findings indicate that financial efficiency is the most significant factor in increasing the performance of financial innovation.Moreover,green bonds can be a viable option for financing wind energy projects,as they are generally long-term and have low interest rates.
