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
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
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
The headquarters of Plutus Financial Group Ltd,based in Hong Kong of China,stands as a silent yet razorsharp marker—rooted deeply in the heart of traditional finance,while piercing boundaries,exploring the vast nebul...The headquarters of Plutus Financial Group Ltd,based in Hong Kong of China,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
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
The continuous growth in per capita national disposable income has propelled the global cosmetics industry to significant growth over the past decade.Taking Proya Cosmetics Co.,Ltd.as an example,this paper adopts a st...The continuous growth in per capita national disposable income has propelled the global cosmetics industry to significant growth over the past decade.Taking Proya Cosmetics Co.,Ltd.as an example,this paper adopts a stakeholder perspective.By selecting financial indicators from Proya’s annual reports from 2017 to 2022,standardizing the data using SPSS software,and applying factor analysis,a series of financial performance evaluation models for Proya were constructed.A total of 15 listed companies in the same industry and Proya’s financial indicators over the past six years were selected for horizontal and vertical comparative analysis and evaluation.The analysis reveals that creditors,employees,and the government are the primary stakeholders influencing Proya’s financial performance.Based on these findings,corresponding strategies are proposed:safeguarding creditor interests from multiple angles;prioritizing value creation to enhance employee satisfaction;and strengthening social responsibility awareness while actively cooperating with government initiatives.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 examines the influence of microfinance institutions’(MFIs)financial innovation on structural transformation.For this purpose,we considered a household survey from Nepal.The survey collected data on various...This study examines the influence of microfinance institutions’(MFIs)financial innovation on structural transformation.For this purpose,we considered a household survey from Nepal.The survey collected data on various individual and household characteristics,borrowing patterns,and occupations over the years.The key question focused on occupations before and after borrowing,a categorical response variable indicating 1 for occupational change after borrowing and 0 otherwise.Therefore,we use logistic regression to estimate the probability of occupational change,given two measures of financial innovation:loan purpose and size.The results show that the number of households involved in agriculture significantly decreased,with the majority switching to businesses and convenience stores,indicating a shift to the manufacturing and service sectors.These findings suggest that MFIs contribute to local-level structural transformation by enabling borrowers to move away from traditional employment.This study has important implications for policymakers,development practitioners,and academics interested in promoting economic development through microfinancing in low-income countries.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
With the rapid development of information technology, the deep integration of the financial sector and the internet has become a key driving force for economic growth. However, while this trend brings convenience, it ...With the rapid development of information technology, the deep integration of the financial sector and the internet has become a key driving force for economic growth. However, while this trend brings convenience, it also poses significant cybersecurity challenges to the financial sector. This study comprehensively analyzes the current state, challenges, and protective measures of cybersecurity in the financial sector, aiming to provide important references for financial institutions in formulating cybersecurity strategies and enhancing risk management.展开更多
The objective of this article is to delve into the digital financial asset(DFA)portfolio price of institutional investors,such as hedge funds.The aim is to make a significant contribution by providing methods(statisti...The objective of this article is to delve into the digital financial asset(DFA)portfolio price of institutional investors,such as hedge funds.The aim is to make a significant contribution by providing methods(statistical methods and fuzzy logic)for investors to identify and select the best long-term portfolio from the pool of 218 digital financial assets that are available in the Russian market.Importantly,companies listed as digital financial asset operators often offer multiple classes of these assets for trading,and as such,investors are only able to trade floating digital financial assets.By the time we reach the conclusion of the year 2024,it has been estimated that the total volume of the Russian DFA market that is currently in circulation will amount to a staggering 1.54 billion USD.Additionally,it is worth noting that 708 different issues are currently actively circulating in the market,showcasing a rather extensive array of options for potential investors.In December alone,an impressive total of 147 new DFAs were introduced and successfully placed,contributing a notable 0.7 billion USD to the market,which is certainly a remarkable feat.The sustainability of the price premium remains uncertain,a consequence of the digital asset market’s inherent volatility and relatively short history.When this volatility is considered,the observed premium lacks statistical significance for the sample period.Therefore,the novelty of this study is the creation of new effective tools for researching the effectiveness of portfolio management for time series,which includes 416 daily observations for the period March 2022–October 2023.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
The development of artificial intelligence has brought tremendous changes to enterprises and also pose higher demands on financial professionals.Through literature research,this paper explores the viewpoints of domest...The development of artificial intelligence has brought tremendous changes to enterprises and also pose higher demands on financial professionals.Through literature research,this paper explores the viewpoints of domestic and foreign scholars and industry experts on the impact of Artificial Intelligence(AI)on corporate financial management and the role transformation of financial professionals.It analyzes the current application status of AI technology in finance.The results indicate that AI will replace some repetitive and highly procedural tasks,such as simple data entry and bookkeeping.AI can improve the processing speed and accuracy of corporate financial data.With its learning capabilities,AI can assist financial professionals in addressing knowledge gaps.However,AI cannot completely replace human thinking,judgment,and decision-making,especially in areas like emotional communication and aesthetic experience.This requires financial professionals to continuously improve their overall qualities,leverage their strengths,and achieve complementary advantages with machines,jointly promoting innovative financial development in the era of artificial intelligence.展开更多
As the uncertainty of the global economy intensifies,domestic real economy risks and financial risks may interact and worsen under international risk shocks.Commodity prices are an important channel for transmitting i...As the uncertainty of the global economy intensifies,domestic real economy risks and financial risks may interact and worsen under international risk shocks.Commodity prices are an important channel for transmitting international economic and financial risks.Taking January 2007 to July 2021 as the sample period and using data from nine commodity price indices and banking,diversified finance,and insurance industry indices,this article uses rolling regression method to construct different commodity price risk and financial sector risk indicators.Combined with a vector autoregressive model,the risk contagion effect is calculated.The analysis indicates that there exist significant asymmetric risk contagion effects between various commodities(with energy and steel having the largest risk spillover effects)and there are significant net risk spillover effects on financial sectors(with insurance having the largest risk spillover effect).There are asymmetric risk contagion effects among different financial sectors,with varying degrees of risk spillover effects on commodity prices(with the banking sector having the greatest risk spillover effects on commodity prices and other financial sectors,and diversified finance having the greatest risk spillover effect on commodities).During major global financial events,the risk spillover effects of commodities and input effects increase significantly due to the intensification of the risk spillover effects of energy,steel,and nonferrous metals.The risk spillover effect between commodities and the overall risk spillover effect have significantly increased.The financial sector’s overall net risk input effect has increased,while the net risk input effect of the insurance sector has also increased.These findings are significant for improving systemic financial risk monitoring indicators and adopting accurate prevention and control measures.展开更多
The feed industry serves as a critical intermediary between agriculture and animal husbandry,providing essential support for the modern breeding industry.Utilizing the annual financial report data from 19 publicly lis...The feed industry serves as a critical intermediary between agriculture and animal husbandry,providing essential support for the modern breeding industry.Utilizing the annual financial report data from 19 publicly listed companies within the feed industry in 2023,a comprehensive evaluation index system was developed to assess the financial performance of these companies from four dimensions:debt paying ability,operational ability,profitability,and development ability.Factor analysis and hierarchical cluster analysis were employed to assess the financial performance of publicly listed companies within the feed industry.By comparing the mean classifications and comprehensive scores,this study analyzed the strengths and weaknesses of these listed feed companies.Ultimately,it offered recommendations for improvement in areas such as product optimization and enhancement,reasonable liability management,and the advancement of company governance practices.展开更多
Based on the financial data and stock price information of Bengang Steel Plates Co.Ltd.from 2004 to 2023,this paper uses SPSS 26 software,combined with DuPont Analysis and Wall Score Method,to explore the correlation ...Based on the financial data and stock price information of Bengang Steel Plates Co.Ltd.from 2004 to 2023,this paper uses SPSS 26 software,combined with DuPont Analysis and Wall Score Method,to explore the correlation between stock price and nine key financial indicators selected from three dimensions:profitability,development capability,and operating capability,including fixed asset growth rate,price-to-book ratio(P/B ratio),and gross profit margin.Through correlation analysis,multiple regression analysis,and curve fitting,the study finds that:fixed asset growth rate,P/B ratio,and gross profit margin show a significant positive correlation with stock price;return on equity(ROE),operating income,and accounts receivable turnover days show a significant negative correlation with stock price;earnings per share(EPS)and net profit growth rate do not show a significant correlation with stock price.The research results indicate that the stock price of Bengang Steel Plates Co.Ltd.is greatly affected by its asset scale and market valuation,while some profitability indicators have not been effectively transmitted to the stock price.Finally,countermeasures and suggestions are put forward from the aspects of cost control,technological innovation,market expansion,and financial structure optimization,so as to provide references for corporate operation and investment decisions.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
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.
文摘The headquarters of Plutus Financial Group Ltd,based in Hong Kong of China,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The continuous growth in per capita national disposable income has propelled the global cosmetics industry to significant growth over the past decade.Taking Proya Cosmetics Co.,Ltd.as an example,this paper adopts a stakeholder perspective.By selecting financial indicators from Proya’s annual reports from 2017 to 2022,standardizing the data using SPSS software,and applying factor analysis,a series of financial performance evaluation models for Proya were constructed.A total of 15 listed companies in the same industry and Proya’s financial indicators over the past six years were selected for horizontal and vertical comparative analysis and evaluation.The analysis reveals that creditors,employees,and the government are the primary stakeholders influencing Proya’s financial performance.Based on these findings,corresponding strategies are proposed:safeguarding creditor interests from multiple angles;prioritizing value creation to enhance employee satisfaction;and strengthening social responsibility awareness while actively cooperating with government initiatives.
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 examines the influence of microfinance institutions’(MFIs)financial innovation on structural transformation.For this purpose,we considered a household survey from Nepal.The survey collected data on various individual and household characteristics,borrowing patterns,and occupations over the years.The key question focused on occupations before and after borrowing,a categorical response variable indicating 1 for occupational change after borrowing and 0 otherwise.Therefore,we use logistic regression to estimate the probability of occupational change,given two measures of financial innovation:loan purpose and size.The results show that the number of households involved in agriculture significantly decreased,with the majority switching to businesses and convenience stores,indicating a shift to the manufacturing and service sectors.These findings suggest that MFIs contribute to local-level structural transformation by enabling borrowers to move away from traditional employment.This study has important implications for policymakers,development practitioners,and academics interested in promoting economic development through microfinancing in low-income countries.
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With the rapid development of information technology, the deep integration of the financial sector and the internet has become a key driving force for economic growth. However, while this trend brings convenience, it also poses significant cybersecurity challenges to the financial sector. This study comprehensively analyzes the current state, challenges, and protective measures of cybersecurity in the financial sector, aiming to provide important references for financial institutions in formulating cybersecurity strategies and enhancing risk management.
文摘The objective of this article is to delve into the digital financial asset(DFA)portfolio price of institutional investors,such as hedge funds.The aim is to make a significant contribution by providing methods(statistical methods and fuzzy logic)for investors to identify and select the best long-term portfolio from the pool of 218 digital financial assets that are available in the Russian market.Importantly,companies listed as digital financial asset operators often offer multiple classes of these assets for trading,and as such,investors are only able to trade floating digital financial assets.By the time we reach the conclusion of the year 2024,it has been estimated that the total volume of the Russian DFA market that is currently in circulation will amount to a staggering 1.54 billion USD.Additionally,it is worth noting that 708 different issues are currently actively circulating in the market,showcasing a rather extensive array of options for potential investors.In December alone,an impressive total of 147 new DFAs were introduced and successfully placed,contributing a notable 0.7 billion USD to the market,which is certainly a remarkable feat.The sustainability of the price premium remains uncertain,a consequence of the digital asset market’s inherent volatility and relatively short history.When this volatility is considered,the observed premium lacks statistical significance for the sample period.Therefore,the novelty of this study is the creation of new effective tools for researching the effectiveness of portfolio management for time series,which includes 416 daily observations for the period March 2022–October 2023.
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.
文摘The development of artificial intelligence has brought tremendous changes to enterprises and also pose higher demands on financial professionals.Through literature research,this paper explores the viewpoints of domestic and foreign scholars and industry experts on the impact of Artificial Intelligence(AI)on corporate financial management and the role transformation of financial professionals.It analyzes the current application status of AI technology in finance.The results indicate that AI will replace some repetitive and highly procedural tasks,such as simple data entry and bookkeeping.AI can improve the processing speed and accuracy of corporate financial data.With its learning capabilities,AI can assist financial professionals in addressing knowledge gaps.However,AI cannot completely replace human thinking,judgment,and decision-making,especially in areas like emotional communication and aesthetic experience.This requires financial professionals to continuously improve their overall qualities,leverage their strengths,and achieve complementary advantages with machines,jointly promoting innovative financial development in the era of artificial intelligence.
基金supported by the National Social Science Foundation of China(23FJYA004).
文摘As the uncertainty of the global economy intensifies,domestic real economy risks and financial risks may interact and worsen under international risk shocks.Commodity prices are an important channel for transmitting international economic and financial risks.Taking January 2007 to July 2021 as the sample period and using data from nine commodity price indices and banking,diversified finance,and insurance industry indices,this article uses rolling regression method to construct different commodity price risk and financial sector risk indicators.Combined with a vector autoregressive model,the risk contagion effect is calculated.The analysis indicates that there exist significant asymmetric risk contagion effects between various commodities(with energy and steel having the largest risk spillover effects)and there are significant net risk spillover effects on financial sectors(with insurance having the largest risk spillover effect).There are asymmetric risk contagion effects among different financial sectors,with varying degrees of risk spillover effects on commodity prices(with the banking sector having the greatest risk spillover effects on commodity prices and other financial sectors,and diversified finance having the greatest risk spillover effect on commodities).During major global financial events,the risk spillover effects of commodities and input effects increase significantly due to the intensification of the risk spillover effects of energy,steel,and nonferrous metals.The risk spillover effect between commodities and the overall risk spillover effect have significantly increased.The financial sector’s overall net risk input effect has increased,while the net risk input effect of the insurance sector has also increased.These findings are significant for improving systemic financial risk monitoring indicators and adopting accurate prevention and control measures.
文摘The feed industry serves as a critical intermediary between agriculture and animal husbandry,providing essential support for the modern breeding industry.Utilizing the annual financial report data from 19 publicly listed companies within the feed industry in 2023,a comprehensive evaluation index system was developed to assess the financial performance of these companies from four dimensions:debt paying ability,operational ability,profitability,and development ability.Factor analysis and hierarchical cluster analysis were employed to assess the financial performance of publicly listed companies within the feed industry.By comparing the mean classifications and comprehensive scores,this study analyzed the strengths and weaknesses of these listed feed companies.Ultimately,it offered recommendations for improvement in areas such as product optimization and enhancement,reasonable liability management,and the advancement of company governance practices.
基金Innovation Team Project of Liaoning Institute of Science and Technology:“Smart Economy Practice and Innovation Team”College Students’Innovation and Entrepreneurship Training Program Projects:“Research on the Application of Big Data Analysis Tools”and“Zhice Quantitative Investment Studio”+2 种基金Teaching and Research Project:“Research on the Path of AI-Enabled Undergraduate Education and Teaching Reform Based on the Needs of Liaoning’s Revitalization and Development(Project No.:LKJY202510)”Teaching Reform Project:“Research and Practice on the Evaluation of Digital Talents in Application-Oriented Universities(Project No.:LNKJ202412)”Project of Liaoning Federation of Social Sciences:“Research on the Key Elements and Practical Paths of Educational Digital Transformation(Project No.:2025lslybkt-050)”。
文摘Based on the financial data and stock price information of Bengang Steel Plates Co.Ltd.from 2004 to 2023,this paper uses SPSS 26 software,combined with DuPont Analysis and Wall Score Method,to explore the correlation between stock price and nine key financial indicators selected from three dimensions:profitability,development capability,and operating capability,including fixed asset growth rate,price-to-book ratio(P/B ratio),and gross profit margin.Through correlation analysis,multiple regression analysis,and curve fitting,the study finds that:fixed asset growth rate,P/B ratio,and gross profit margin show a significant positive correlation with stock price;return on equity(ROE),operating income,and accounts receivable turnover days show a significant negative correlation with stock price;earnings per share(EPS)and net profit growth rate do not show a significant correlation with stock price.The research results indicate that the stock price of Bengang Steel Plates Co.Ltd.is greatly affected by its asset scale and market valuation,while some profitability indicators have not been effectively transmitted to the stock price.Finally,countermeasures and suggestions are put forward from the aspects of cost control,technological innovation,market expansion,and financial structure optimization,so as to provide references for corporate operation and investment decisions.
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.
