Academic literature on the topic 'Finances – Information'
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Journal articles on the topic "Finances – Information"
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Bukhtiarova, Alina, Yuliia Dukhno, Ganna Kulish, Iryna Kurochkina, and Volodymyr Lypchanskyi. "Ensuring transparency of key public finance authorities." Investment Management and Financial Innovations 16, no. 2 (May 24, 2019): 128–39. http://dx.doi.org/10.21511/imfi.16(2).2019.11.
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Nowadays, there is a constant need for managing large amounts of information in public finances to identify existing and prevent future cases of illegal use of financial resources of citizens. The openness of information of key public finance authorities has a powerful anti-corruption effect and has a beneficial effect on economic development, while transparency of public finances is a factor in the successful implementation of the reform of all spheres of the economy.The purpose of the article is to develop a methodology for assessing the institutional and political transparency of the leading public finance authorities in Ukraine and its practical application on the example of the Ministry of Finance and the State Fiscal Service of Ukraine. The methodology includes six main stages, based on which the transparency index of public finance authorities was calculated. Constant calculations of the index will motivate the interaction of stakeholders and non-governmental organizations to increase the openness of public finance authorities in public finances, and the digital data settlements themselves can be used to develop recommendations to increase the level of transparency of the activities of key public finance authorities. Approbation of the developed transparency index of public finance authorities on the example of the Ministry of Finance and the State Fiscal Service of Ukraine made it possible to calculate the percentage of openness of data published by the indicated institutions. Based on quantitative calculations, practical recommendations were made for improving the completeness, reliability, availability and timeliness of published information.
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Zurab Aznaurashvili, Zurab Aznaurashvili. "The Risks of Using Cryptocurrency in Political Financing And The Methods for its Prevention." Economics 104, no. 10-12 (December 12, 2021): 41–51. http://dx.doi.org/10.36962/ecs104/10-12/2021-41.
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Regulating and monitoring political finances is an important factor in ensuring a fair and equitable electoral environment, but there are frequent cases of illegal finances, and in the modern world there is a tendency to use digital currencies, which are slowly entering political parties and making political finances monitoring impossible. The Relevant political finance regulations set standards for access to information, which make it possible to process the required information, to monitor it and achieve the transparency of information. Moreover, the Regulation and transparency of funding political processes are important to limit the means of gaining a power through anonymous and illegal sources. The appropriate measures of prevention and coercion serve this purpose in order to make political finances transparent through effective monitoring. Recently, a number of countries have faced the threat of receiving funding from the closed parties and the use of crypto currencies by political parties, and many have begun to think about introducing certain regulations to protect policies from digital currencies. Keywords: political party, political financing, political corruption, cryptocurrency, bitcoin.
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Szołno-Koguc, Jolanta. "The Significance of Openness and Transparency for Accountability in Public Finances." e-Finanse 14, no. 2 (June 1, 2018): 58–66. http://dx.doi.org/10.2478/fiqf-2018-0012.
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AbstractAn essential condition for asserting responsibility in public finances is that they are open and transparent. The Public Finance Act mentions ways of applying the principles of openness, and also stipulates the entities obliged to present data and information on public finances. There is, however, no legislation connected directly with transparency. So do the general requirements of classification and of accountancy and reporting principles constitute sufficient premises for accountability and asserting responsibility? An analysis of the reports and documents concerning the Polish public finance sector indicates that the processes of collecting and spending public funds are insufficiently transparent. The information system enables formal verification of discipline of public finances; however, it does not provide a sufficient basis to assess the effectiveness and efficiency, which are of key importance in terms of accountability. The aim of the article is to analyse the requirements and standards in the field of openness and transparency insofar as these concern the responsibility and accountability of public authorities, along with elements of how these are assessed in the Polish public finance system. A normative descriptive method was applied which took into consideration elements of finance theory, as well as an analysis of practical experience in the field of how public sector bodies function in Poland. The research objectives are realised mainly on the basis of a critical review of the literature on the subject, and an analysis of legal acts, reports and other documents of domestic and international institutions. The considerations and analyzes have led to several key applications to develop the principles of openness and transparency in relation to improving the accountability of public finances.
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Steele, Kirstin. "The information supermarket." Bottom Line 20, no. 4 (November 20, 2007): 165–66. http://dx.doi.org/10.1108/08880450710844012.
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PurposeThe purpose of this paper is to examine how finances in an academic library might differ from household finances; in particular, how a library budget might be unbalanced throughout a fiscal year.Design/methodology/approachThe author compares typical library resources to representative groceries purchased for a home and assess the relative nutritional value of each.FindingsThe author concludes that using a library‐style budget is likely to result in a less interesting diet, but such a budget is, with planning, adequate to sustain a minimum level of health. In future columns the author plans to examine ways a library budget might be altered in order to move beyond adequacy to higher performance levels.Originality/valueThe approach should be worthy of note for administrators who struggle with the “use it or lose it” philosophy common in libraries.
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Laposha, Dmytro. "IMPLEMENTATION OF DIGITAL TECHNOLOGIES WHEN EXECUTING CONTROL OF PUBLIC FINANCES IN THE TERRITORIAL COMMUNITY." Management of Development of Complex Systems, no. 51 (October 7, 2022): 58–68. http://dx.doi.org/10.32347/2412-9933.2022.51.58-68.
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The article substantiates the necessity and importance of the implementation of digital technologies in the control of public finances in the territorial community, which is a requirement of the time and a continuation of the state digitalization policy. Modern trends in the digital transformation of public finance control mechanisms have been identified and characterized. The need to use automated information systems and digital technologies to increase the effectiveness of public finance control is considered, which is due to the following factors: significant volumes of information that need to be processed; requirements for the speed and quality of inspections; laboriousness of control procedures; the specificity and diversity of inspection objects; cyclicality of the control technological process; the need for quick and complete error detection. The important elements of the implementation of digital technologies at the state level were analyzed and the problems of digitalization of control over the public finances of the territorial community were identified. The tasks of information systems of financial control and analysis are defined. The needs of digital development in the context of public finance control, features of domestic and foreign experience in software application in the field of public finance control are considered. The stages of establishing control over public finances of territorial communities are defined, they include: 1) informing; 2) error processing; 3) interaction; 4) innovative processing; 5) transformation. Important elements of IT tools and technologies affecting the development of control in the territorial community, such as artificial intelligence, Blockchain, cloud technologies, Dashboard, verification and validation of data, are studied. The advantages and benefits that can be obtained by implementing digital technologies in the work of control bodies are shown. The state is making a gradual transition from informatization and e-government to digitalization and digital management based on the use of Big Data with the transition to "deep machine learning" and the use of artificial intelligence (IoT). Conclusions are made about the need for digitalization of control over public finances in the territorial community, since it is the territorial community that can benefit the most from investments in digital technologies that will ensure the effectiveness of local self-government and socio-economic development of communities.
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Chornovol, Alla, Yuliia Nemish, and Olha Biliavska. "INSTITUTIONAL SUPPORT OF PUBLIC FINANCES." INNOVATIVE ECONOMY, no. 5-6 (2021): 5–12. http://dx.doi.org/10.37332/2309-1533.2021.5-6.1.
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Purpose. The purpose of the article is to study the legal and organizational principles of public finance management. Methodology of research. To achieve this goal, the following tools of research methods were used: dialectical - to determine the initial conditions and content of public finance; analytical - when processing literary and Internet sources; causal - to determine the institutional support of public finances; abstract-logical - to generalize the presented material and draw conclusions. Findings. The issues of the essence, structure and peculiarities of the functioning of public finances in Ukraine are studied; the institutional units that ensure their formation and control over their use are specified. The peculiarities of the content of public finances of Ukraine are considered, the peculiarities of their components are determined in order to achieve not only economic, but also social goals by the state. Under the institutional support of public finances, we understand a purposeful hierarchical system of legal institutions that form, use, redistribute and control the funds of the public sector. Thus, based on this, among the components of institutional support are: state; executive, legislative and judicial powers; VRU, CMU, central executive bodies, higher judicial bodies, National Bank, Accounting Chamber; local councils, local executive bodies, budgetary institutions, subjects of state and communal property; advisory bodies under the President of Ukraine, the Cabinet of Ministers of Ukraine; scientific, public and professional institutions (organizations) in the field of public finance. The relevance of the study of issues related to improving the efficiency of state bodies on the basis of recommendations of international organizations and the formation of appropriate regulatory and legal support is substantiated. For example, it was noted that an action plan for the respective years should be developed, which includes directions for each area of the Strategy for Reforming the Public Finance Management System (in our opinion, public) and specifies the state bodies responsible for a particular area of public finance. The bodies of state financial control are determined in accordance with the current legislation, in particular: external control carried out by the legislative bodies - the committees of the Verkhovna Rada and the Accounting Chamber; executive authorities and the central bank - the Cabinet of Ministers (through specialized state bodies) and the NBU; and internal (performed by heads of state bodies) and internal audit (performed by the main managers of budget funds). The requirements of the current legislation to ensure openness of their spending and opportunities for free access to this information in order to strengthen public control over the use of public funds are analyzed. The composition and main problems of institutional support of public finances are formulated and practical recommendations for its evaluation are provided, which will allow to increase the efficiency of public finance management. Originality. The scientific novelty lies in the separation of the content of the institutional support of public finances and recommendations for its evaluation according to the established criteria. Practical value. The main provisions of this study in the form of evaluation proposals can be used to monitor the impact of public reform policy on the development of public finances. Key words: public finance; management; institutional support; public authorities; public financial control.
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BORTNIKOV, Gennadiy. "State regulation with regard to disclosure of information by banks on sustainable finances." Fìnansi Ukraïni 2022, no. 8 (November 26, 2022): 90–117. http://dx.doi.org/10.33763/finukr2022.08.090.
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Introduction. Disclosure of information on sustainable finances and environmental, social and corporate risks is becoming a norm of banking practice in the world, Ukrainian banks are gradually joining this process. Access to information about activities in the field of sustainable finance is crucial for investors to decide whether to provide appropriate resources. Problem Statement. Lack of unification and verification of the reliability of data on the activities of Ukrainian banks in the direction of realizing the goals of sustainable development. The purpose is to generalize key innovations in the global banking community regarding public disclosure of information on sustainable finances. Methods. Common scientific methods were used in the research process: structural and systemic analysis, synthesis, grouping, comparison, theoretical generalization and abstraction. Results. The basic structure of the annual report on sustainable financing of the bank should include four sections (business responsibility, social sphere, environment, corporate structure), in compliance with the principles of proper disclosure of information, and the detailing can be done by a specific bank. The reports of Ukrainian banks, which contain information on sustainable financing, do not fully correspond to the best global practice. The main shortcomings of these reports are declarative, with gaps in setting target indicators, lack of independent assessment, focus on environmental aspects. In addition, there is imperfect, incomplete or outdated information base on climate finance and ecology in Ukraine; the legal framework of sustainable finance needs to be harmonized with European standards, taking into account national specifics. All these aspects complicate the comparative analysis. In the countries of the European Union, a system of reporting on the risks of non-compliance with environmental, social and management standards (so-called ESG risks) has been introduced. In developing reporting standards, the National Bank should pay attention to the principles of effective information disclosure developed by the TCFD expert group. Conclusions. It is appropriate to introduce the publication of annual reports of state banks on sustainable financing in a unified format starting in 2023. The report on stable finances must be confirmed by an independent assessment (verification) to prevent data manipulation. Audit companies and rating agencies can act as independent evaluators. Even in the conditions of martial law, the global Sustainable Development Goals are not excluded from the agenda, on the contrary, they acquire special importance, especially the social aspects. The NBU could play a decisive role in the unification of approaches and ensuring the reliability of data. Martial law cannot be the reason for banks and the regulator to neglect issues of reliability and completeness of reporting.
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Rodina, Larisa A., and Lilia V. Zavyalova. "Personal finance management in modern conditions." Herald of Omsk University. Series: Economics 18, no. 4 (December 28, 2020): 36–47. http://dx.doi.org/10.24147/1812-3988.2020.18(4).36-47.
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The article is devoted to the practical aspects of personal finance management in the context of the transition to digital transformation of the economy. The need to pay attention to this aspect is due to both new opportunities for managing personal finances based on digitalization tools, and the risks of unauthorized access to them using cybernetic means. Summarizing the main sources of threats to personal finance in the context of digitalization is aimed at preventing fraudulent activities and ensuring the protection of financial information carriers. First of all, in a preventive manner, it is proposed to consider the basic problems of personal finance management from the position of accounting and planning of financial resources. The research results are aimed at increasing the financial literacy of the population, preventing encroachments and crimes in the field of personal finance, and, ultimately, at the maximum satisfaction of personal needs. Particular attention is paid to the rules of "personal financial hygiene", which imply organizational and technical measures to protect bank cards, mobile bank, deposits, cash, etc. You should also pay attention to the need to protect personal financial interests from the point of view of checking "financial contacts". An important role in the management of personal finances is played by knowledge of the norms of tax legislation in terms of deductions and benefits for taxes paid by individuals. In this regard, it is necessary to understand not only the legal aspects, but also the capabilities of the information system of relations between taxpayers and the state. It is also proposed to assess the risks of investments for individuals in the context of justifying the individual choice of an option when planning personal finances. All of these aspects are regarded as due diligence rules.
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Mardiana, Mardiana, Salsabillah Devia Khansa, and Risky Wulandari. "Analisis Efektivitas Dan Efisiensi Sistem Informasi Akuntansi Pada Aplikasi DANA Untuk Mengatur Keuangan Masyarakat." IJAcc 3, no. 1 (February 9, 2022): 6–12. http://dx.doi.org/10.33050/jakbi.v3i1.2152.
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In today's digital era, many people have implemented digital systems to support their daily activities. One of them is to manage finances. The DANA application is one of the many financial management applications in Indonesia. In this application, users can manage finances such as income, expenses, shopping, and others, as well as user financial data and information. However, is the application effective and efficient for managing finances? In this study, a survey will be conducted using a questionnaire with 102 respondents who are users of the DANA application. The results of this study indicate that the majority of respondents feel that the DANA application has been effective in managing finances and the quality of the information system and accounting information provided is quite good, and also efficient in using the application. And the majority of respondents believe that the DANA application is well known and also quite useful for managing finances.
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Mustoffa, Ardyan Firdausi, Aik Aviska, and Yutt Puja Kusuma Lindayasa. "SISTEM INFORMASI AKUNTANSI (SIA) PENERIMAAN KAS PERUMDAM TIRTA DHARMA PURABAYA KABUPATEN MADIUN." Jurnal Abdimas Sangkabira 2, no. 2 (June 22, 2022): 305–12. http://dx.doi.org/10.29303/abdimassangkabira.v2i2.156.
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An accounting information system is a process for collecting, processing, and storing financial-related data for making decisions. The reason of this study is to determine the monetary course of payment receipts from customers. To find out the finances of the customer by interviewing the finance department employee. The outcomes of this observe are in the form of a flowchart at the form of images that have meaning and writing.
Dissertations / Theses on the topic "Finances – Information"
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Yu, Suxiu. "Essays on Corporate Finance, Security Design and Information Choice." Thesis, Toulouse 1, 2017. http://www.theses.fr/2017TOU10028.
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Zhang, Renbin. "Expectations, information frictions and macro-finance." Doctoral thesis, Universitat Autònoma de Barcelona, 2020. http://hdl.handle.net/10803/670991.
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El primer capítol documenta l’alta, volàtil i persistent prima d’AH a la borsa de la Xina. Mostrem que diversos models de preus d’actius RE i bayesians estàndard no poden explicar la prima AH, però un model d’aprenentatge internament racional on els agents aprenen sobre els preus de les accions proporciona una explicació natural. Al relaxar la forta assumpció d’informació sobre el coneixement dels agents sobre la assignació de preus, el preu esperat dels agents es converteix en un factor addicional per determinar el preu del patrimoni a part de la informació proporcionada pels fonaments. Trobem que els models d’aprenentatge sobre els preus de les accions proporcionen una explicació molt natural d’aquest premi. Els treballs recents basats en la racionalitat interna demostren que l’aprenentatge dels preus de les accions és compatible amb els inversors racionals i que el model explica l’alta volatilitat dels preus de les accions empíricament. Un model que és una bona descripció dels preus reals i els conceptes subjectius dels inversors sobre els preus de les accions és difícil de rebutjar a causa dels preus reals de les accions. Sota aquest marc, els agents s’adonen que una acció A és realment una seguretat diferent a una acció H i que es pot comprar o vendre durant un període següent a un preu possiblement diferent.
El segon capítol desenvolupa nous assaigs de formació d’expectatives que són generalment aplicables en models de preus d’actius amb diverses hipòtesis informatives. Mostrem que aquests models solen imposar un gran nombre de restriccions de cointegració entre les previsions de variables econòmiques, i aquestes restriccions de cointegració impliquen que els agents tinguin una informació forta quan formen les seves expectatives. Les nostres proves utilitzen aquestes restriccions. Els investigadors poden aplicar aquestes proves per estudiar la cointegració entre previsions de variables exògenes i previsions de variables endògenes en el seu model, així com la cointegració entre previsions de diferents variables endògenes. A més, aquests models imposen restriccions de cointegració entre previsions de la mateixa variable (per exemple, preus de les accions) en diferents horitzons de previsió. Les evidències posen en dubte la modelització de la formació d’expectatives en els models de preus d’actius que suposen que els agents tinguin el coneixement de la funció de preus d’equilibri com en els models Rational Expectations i Bayesian Expectations Rational. Relaxar aquest coneixement sembla necessari perquè els models compatibilitzin l’evidència de l’enquesta i es comentin les resolucions potencials.
El tercer capítol estableix que la creença dispersa com a resultat de la fricció de la informació crea un nou canal a través del qual el cost del benestar de la inflació en un sector augmenta en la seva flexibilitat de preus i altera l’índex d’inflació òptim. Primer, en un model de dos sectors estàtic i simètric, obtenim analíticament les condicions en què un augment de la flexibilitat de preus a tota l’economia deteriora el benestar --- la paradoxa de la flexibilitat de preus. Amb una informació perfecta, aquesta reducció de la fricció nominal millora el benestar. No obstant això, davant la fricció d’informació, el canal de creences disperses pot dominar. En conseqüència, sorgeix la paradoxa de la flexibilitat de preus. En segon lloc, la paradoxa és més greu si la reducció de les friccions nominals és només un fenomen sectorial. En el nostre anàlisi de base, ens centrem en un banc central orientat a la inflació que estabilitza plenament l’Índex de preus al consum (IPC), que és el principal mandat entre molts bancs centrals del món.El primer capítulo documenta la prima AH alta, volátil y persistente en el mercado de valores de China. Mostramos que varios modelos estándar de precios de activos RE y Bayesianos no pueden explicar la prima AH, pero un modelo de aprendizaje interno racional donde los agentes aprenden sobre los precios de las acciones proporciona una explicación natural. Al relajar la fuerte suposición de información sobre el conocimiento de los agentes sobre el mapeo de precios, el precio esperado de los agentes se convierte en un factor adicional para determinar el precio del capital además de la información dada por los fundamentos. Encontramos que los modelos de aprendizaje sobre los precios de las acciones proporcionan una explicación muy natural para esta prima. Documentos recientes basados en la racionalidad interna muestran que aprender sobre los precios de las acciones es compatible con los inversores racionales y ese modelo explica empíricamente la alta volatilidad de los precios de las acciones. Las creencias subjetivas de los inversores sobre los precios de las acciones están dadas por un modelo que es una buena descripción de los precios reales y este modelo percibido es difícil de rechazar dados los precios reales de las acciones. Bajo este marco, los agentes se dan cuenta de que una acción A es en realidad una seguridad diferente de una acción H y que se puede comprar o vender el próximo período a un precio posiblemente diferente. El segundo capítulo desarrolla nuevas pruebas de formación de expectativas que generalmente son aplicables en modelos de precios de activos con varios supuestos informativos. Mostramos que estos modelos suelen imponer una gran cantidad de restricciones de cointegración entre las predicciones de las variables económicas, y estas restricciones de cointegración implican que los agentes tienen un conjunto de información sólido cuando forman sus expectativas. Nuestras pruebas utilizan estas restricciones. Los investigadores pueden aplicar estas pruebas para estudiar la cointegración entre pronósticos de variables exógenas y pronósticos de variables endógenas en su modelo, así como la cointegración entre pronósticos de diferentes variables endógenas. Además, estos modelos imponen restricciones de cointegración entre pronósticos de la misma variable (por ejemplo, precios de acciones) en diferentes horizontes de pronóstico. El tercer capítulo establece que la creencia dispersa como resultado de la fricción de la información crea un nuevo canal a través del cual el costo de bienestar de la inflación en un sector está aumentando en su flexibilidad de precios y altera el índice de inflación óptimo. Primero, en un modelo de dos sectores estático y simétrico, derivamos analíticamente las condiciones bajo las cuales un aumento de la flexibilidad de precios en toda la economía deteriora el bienestar, la paradoja de la flexibilidad de precios. Con información perfecta, tal reducción en la fricción nominal mejora el bienestar. Sin embargo, en presencia de fricciones de información, el canal de creencias dispersas podría dominar. En consecuencia, surge la paradoja de la flexibilidad de precios. En segundo lugar, la paradoja es más grave si la reducción de las fricciones nominales es simplemente un fenómeno sectorial. En nuestro análisis de referencia, nos enfocamos en un banco central con metas de inflación que estabiliza completamente el Índice de Precios al Consumidor (IPC), que es el principal mandato entre muchos bancos centrales del mundo. Dada esta política, una mayor flexibilidad de precios sectoriales es perjudicial para el bienestar social, incluso en ausencia de fricciones de información.
Agents' belief and information friction are crucial for asset price and macroeconomy. This thesis applies ""Internal Rationality"" learning approach to explain some interesting facts in the financial market and investigate the implication of information friction for social welfare. The first chapter documents the high, volatile and persistent AH premium in China stock market. We show that various standard RE and Bayesian RE asset pricing models cannot explain the AH premium, but a model of internally rational learning where agents learn about stock prices provides a natural explanation. By relaxing the strong information assumption about agents' knowledge about pricing mapping, agents' expected price becomes an additional factor to determine the equity price on top of the information given by fundamentals. We find that models of learning about stock prices provide a very natural explanation for this premium. Recent papers based on Internal Rationality show that learning about stock prices is compatible with rational investors and that model explains high volatility of stock prices empirically. Investors' subjective beliefs about stock prices are given by a model that is a good description of actual prices and this perceived model is hard to reject given actual stock prices. Under this framework, agents realize that an A-share is actually a different security from an H-share and that it can be purchased or sold next period at a possibly different price. The second chapter develops new tests of expectation formation which are generally applicable in asset pricing models with various informational assumptions. We show these models typically impose a large number of cointegration restrictions between forecasts of economic variables, and these cointegration restrictions imply that agents have strong information set when they form their expectations. Our tests utilize these restrictions. Researchers can apply these tests to study the cointegration between forecasts of exogenous variables and forecasts of endogenous variables in their model as well as the cointegration between forecasts of different endogenous variables. Moreover, these models impose cointegration restrictions between forecasts of the same variable (e.g., stock prices) over different forecasting horizons. The evidence casts some doubt on the modeling of expectation formation in the asset pricing models which assume agents possess the knowledge of the equilibrium pricing function as in Rational Expectations and Bayesian Rational Expectations models. Relaxing this knowledge appears necessary for models to reconcile the survey evidence and potential resolutions are discussed. The third chapter establishes that the dispersed belief as a result of information friction creates a novel channel through which the welfare cost of inflation in a sector is increasing in its price flexibility and alters the optimal inflation index. First, in a static and symmetric two-sector model, we derive analytically the conditions under which an economy-wide increase in price flexibility is welfare-deteriorating---the paradox of price flexibility. With perfect information, such a reduction in nominal friction is welfare-improving. However, in the presence of information frictions, the dispersed beliefs channel might dominate. Consequently, the paradox of price flexibility arises. Second, the paradox is more severe if the reduction in nominal frictions is merely a sectoral phenomenon. In our baseline analysis, we focus on an inflation-targeting central bank that fully stabilizes the Consumer Price Index (CPI), which is the principal mandate among many central banks in the world. Given this policy, increased sectoral price flexibility is detrimental to social welfare, even in the absence of information frictions. These results are carried over to the dynamic model. We find that a monetary policy that stabilizes the optimal inflation index mitigates the paradox.
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PANNECIERE, FREDERIC. "L'impact de l'introduction d'options." Jouy-en Josas, HEC, 2000. http://www.theses.fr/2000EHEC0070.
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Les options, produits derives servant d'instrument de couverture et de speculation par leur fort effet de levier, sont valorisees par arbitrage, sur les marches financiers, depuis la decouverte de la fameuse formule de black et scholes (1973). L'option etant alors definie comme un actif redondant sur le plan theorique, son introduction en bourse est alors sans consequence sur son sous-jacent. Pourtant, de nombreuses etudes effectuees aux u. S. A. , et notamment la premiere, commandee par les autorites de regulation boursiere elles-memes du chicago board of options exchange, des 1975, mettent en evidence des interactions entre les marches d'actions et d'options, montrant que l'option a un impact sur la valorisation et la volatilite de son sous-jacent. A travers des tests empiriques effectues sur la bourse de paris, portant sur les annees 1987 a 1996, et faisant suite a la premiere etude effectuee sur le marche francais par hamon et jacquillat (1992), nous etudions les particularites de l'introduction d'options en france, par rapport aux resultats observes aux u. S. A. Et dans certains autres pays. Puis, nous mettons en avant certaines tentatives d'explications, que nous analysons et testons empiriquement. De ces resultats, nous essayons de construire un modele theorique microstructurel d'equilibre en anticipations rationnelles pour etudier plus precisement les interactions options/actions. En particulier, nous montrons que l'introduction d'options elargit considerablement les choix strategiques des investisseurs, notamment par des strategies de manipulation, rendues possibles par la cotation et la negociation de l'option. Enfin, nous tentons de degager certaines recommandations pour les autorites boursieres en matiere d'introduction d'options, afin que ces produits derives tres particuliers remplissent pleinement leur role d'instrument de couverture, et ce, sans provoquer les destabilisations financieres que les marches financiers ont souvent connu.
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Lai, Wan Ni. "Three essays on the information content in option prices." Aix-Marseille 3, 2009. http://www.theses.fr/2009AIX32048.
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La théorie de l’évaluation des options est sans doute l’un des développements les plus significatifs de la finance moderne. Dans le monde académique, le modèle d’évaluation de Black-Scholes et Merton (BSM) est à l’origine de toute une discipline, celle de l’ingénierie financière, tandis que dans le monde professionnel, il a permis un développement soutenu du marché des options depuis sa publication en 1973. Il est intéressant de noter qu’il y avait 20. 000 contrats d’options négocées par jour en 1974 sur le marché du Chicago Board Options Exchange (CBOE), alors que ce nombre s’élevait à 700. 000 contrats négociés en 1987 (Bernstein, 1991). En 2008, pas moins de 4,7 millions de contrats d’options ont été négociés chaque jour sur le CBOE. Autre indicateur de la croissance de ce marché, le montant notionnel des contrats en cours a été multiplié par dix au cours des 15 derniéres années selon Buraschi and Jiltsov (2006). Par ailleurs, les options en tant qu’instruments dérivés, constituent une source importante d’informations sur l’actif sous-jacent. Les prix des options échang ées sur le marché intègrent les anticipations des investisseurs quant à l’actif sous-jacent. Il est en effet possible de se servir des prix de marché d’options pour en extraire des informations sur le sous-jacent ou sur les préférences des investisseurs qui participent à ce marché. Il est intéressant de noter que ces informations extraites des prix des options ont une utilité même pour les investisseurs qui ne participent pas directement au marché d’options mais qui s’intéressent uniquement à l’actif sous-jacent lui même. Toutefois, les informations extraites des prix d’options sont souvent liées à un modèle particulier d’évaluation. Par conséquent, la pertinence des informations obtenues dépend de la validité du modèle et des hypothèses sous-jacentes. Par exemple, le modèle de Black-Scholes et Merton est souvent utilisé par les professionnels pour extraire la volatilité implicite des options cotées sur le marché. Celle-ci est définie comme la volatilité qu’il faut utiliser dans la formule de Black-Scholes pour obtenir le prix de cette option cotée, étant donnés les autres paramètres (c’est-à-dire le prix d’exercice, le taux sans risque, le prix du sous-jacent et la maturité de l’option). Paradoxalement, la volatilité implicite extraite à l’aide du modèle BSM est souvent en contradiction avec les hypothèses sur lequel ce modèle repose. Si l’on construit un modèle a priori pour extraire des informations des prix d’options, on peut souvent constater que ces informations implicites remettent en question le modèle même et notamment ses hypothèses sur les paramètres que l’on peut extraire. Cette approche semble donc assez limitée pour fournir des idées sur le contenu de l’information dans les options. Il pourrait donc être intéressant de prendre une approche différente et de poser la question suivante : 1 Peut-on récupérer des informations à partir des prix des options et de leurs rendements sans supposer la validité d’un modèle spécifique a priori ? Bien qu’il existe une vaste littérature sur l’évaluation des options, cette thèse espère apporter une contribution à cette littérature en se concentrant sur l’extraction d’informations des prix et des rendements des options. Outre la volatilitée implicite, la distribution implicite de rendements de l’actif sous-jacent est examinée. Cette thèse se compose de 3 études empiriques que l’on peut résumer de la manière suivante : – Le premier essai vérifie empiriquement l’existence d’une prime de risque de volatilité à partir des rendements d’une stratégie option beta neutre. – Le deuxième essai compare différentes méthodes d’estimation de la distribution implicite des prix de l’actif sous-jacent. – Le troisième essai s’appuie sur les deux premiers afin d’examiner l’évolution du risque de volatilité et de la distribution implicite des rendements au cours de périodes de crise sur les marchés financiers, et en particulier lors de l’éclatement de la bulle internet et lors de la crise financière des années 2007 et 2008. Ces essais tentent d’extraire des informations des prix de marché des options et de leurs rendements sans imposer un modèle d’évaluation, et d’explorer les implications de ces informations dans un contexte pratique. Dans tous les essais, les options analysées sont des options européennes écrit sur un indice de marché ou sur un indice sectoriel. L’information extraite de ces prix d’options concernent donc le marché entier (cas de l’indices S&P 500 ou encore de l’indice DAX) ou un secteur entier (tels que l’indice NASDAQ 100 et le fonds côté en bourse SPDR pour les valeurs du secteur financier).
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Michenaud, Sébastien. "Three essays on information, rationality, and financial decision making." Jouy-en Josas, HEC, 2008. http://www.theses.fr/2008EHEC0019.
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Cette recherche, constituée de trois essais indépendants, étudie les effets de la production d’information et des émotions dans la prise de décision financière. L’objectif de cette recherche est de déterminer des conditions dans lesquelles les dirigeants d’entreprise sont amenés à prendre des décisions financières biaisées, avec une focalisation particulière sur le rôle de l’activité de production d’information des analystes financiers et de l’aversion au regret des dirigeants. Dans le premier essai, je teste empiriquement l’hypothèse selon laquelle les dirigeants d’entreprise réduisent le niveau d’investissement de leur entreprise pour atteindre ou dépasser les prévisions de bénéfice par action des analystes financiers. Dans le second essai, je construis un modèle théorique permettant d’étudier l’influence des analystes financiers sur les décisions d’investissement des entreprises à travers leur impact sur l’informativité des prix dans les marchés financiers. Le troisième essai explore l’influence de l’aversion au regret sur les décisions de couverture de taux de change d’un gestionnaire de portefeuilleThis research is made up of three independent essays that study the effects of information production and emotions on financial decision-making. The objective of this research is to examine conditions under which managers may take biased investment decisions. I emphasize the information production activity of sell-side financial analysts and regret aversion, the most widely studied emotion in decision science, as potential channels of such distorted decisions. In the first essay, I empirically investigate whether executives reduce corporate investment to meet or exceed financial analysts’ earnings per share consensus forecasts. The second essay theoretically investigates whether financial analysts influence investment decisions through their impact on the stock market informativeness. The third essay is a theoretical investigation of regret aversion and its impact on the currency hedging decisions of portfolio managers
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Ghozzi, Mohamed Khaled. "De la communication volontaire sur les risques : Utilité pour les marchés financiers." Paris 9, 2009. https://portail.bu.dauphine.fr/fileviewer/index.php?doc=2009PA090053.
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L’objectif de cette thèse est d’étudier l’utilité des communications volontaires sur les risques par les sociétés françaises cotées. Les études empiriques réalisées dans le cadre de cette recherche examinent les effets à court et à long terme de ce type de communications. L’étude de l’effet à court terme montre que seules les informations liées aux risques opérationnels et de taux d’intérêts réduisent l’incertitude des investisseurs aux fluctuations des sources de ces risques. Les informations à caractère quantitatif ont un effet plus significatif sur l’incertitude des investisseurs. Cette dernière est moins prononcée pour les sociétés cotées aux Etats-Unis qui ont une communication plus active sur leurs risques. L’étude de l’effet à long terme est basée sur une analyse de contenu des communications sur les risques et de leurs supports de publication sur une période de trois exercices. Cette analyse est réalisée par le biais des résultats des entretiens menés auprès d’une population d’analystes financiers. Nous avons utilisé une méthode de codage afin d’évaluer le degré de précision de ces informations. Les résultats montrent que le degré de précision des communications sur les risques n’a pas d’effet significatif sur l’erreur et la dispersion des prévisions des analystes financiers. Par ailleurs, le degré de précision de l’ensemble des informations publiées dans des supports de publication réduit l’erreur et la dispersion des prévisions des analystesThis dissertation examines voluntary risk disclosures utility on French market. Empirical studies carried out in this research test short and long term effect between risk disclosures and information asymmetry. Short-term study shows that only operational and interest rate risk disclosures reduce investor disagreements about firms’ risk exposures. Quantitative disclosures are more likely to reduce investor disagreements. These disagreements are measured by transactions volume and seem to be less important for firms listed in the US market in which firms disclose more about their risks. We conclude on the existence of short-term effect of risk disclosures level. Throughout long-term study, we measure risk disclosures level for French market listed firms during three years. We examine the impact of this level on financial analysts’ forecasts. Our findings show no significant relationship between risk disclosures level and financial analysts’ forecasts errors and dispersion. However, disclosures level of reports issued by French firms reduces analysts’ forecasts errors and dispersion
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Zylbersztejn, Adam michal. "Information, institutions et efficacité : essais en économie expérimentale." Phd thesis, Université Panthéon-Sorbonne - Paris I, 2013. http://tel.archives-ouvertes.fr/tel-00984244.
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Cette thèse comporte 3 chapitres principaux. Les chapitres 1 et 2 présentent des résultats expérimentaux issus d'un jeu de coordination proposé par Rosenthal (1981) et Beard and Beil (1994). Ce jeu comporte deux équilibres de Nash: le premier est efficace, le deuxième repose sur l'usage de stratégies faiblement dominées. Dans les expériences en laboratoire fondées sur ce jeu, les joueurs échouent très souvent à prendre les décisions qui maximisent simultanément les gains de toutes les parties. Ces échecs de coordination efficace proviennent de deux comportements: (i) les sujets doutent que les autres joueurs vont chercher à maximiser leur propre gain, et (ii) ceux doutes sont, dans certains cas, justifiés. Dans le chapitre l, nous présentons une nouvelle expérience qui permet de vérifier si ce comportement est dû à par l'inégalité des paiements entre les joueurs (qui subsiste dans la plupart des implémentations de laboratoire menées jusqu'à présent). Nos données montrent clairement que l'échec à maximiser les gains personnels, ainsi que la crainte que les autres pourraient se comporter de cette façon, ne proviennent pas de l'aversion pour l'inégalité. Ce résultat est robuste quant aux variations dans la saillance des décisions, à l'apprentissage par répétition, ainsi qu'aux différences culturelles entre la France et la Pologne. Nous étudions ensuite l'impact de l'information sur le comportement stratégique dans ce jeu. Les traitements expérimentaux introduisent trois mécanismes améliorant le niveau d'information dans le jeu: une simple répétition, des messages de type "cheap-talk" et l'observation des actions passées du partenaire. L'apprentissage par répétition augmente les fréquences de l'issue la plus efficace, ainsi que le risque de défaut d'appariement stratégique le plus coûteux. De plus, ce type d'apprentissage est remplacé par des signaux individuels. Comme les études précédentes, nous montrons que les signaux aident à prévoir les intentions des partenaires, ce qui réduit la fréquence des échecs de coordination. Néanmoins, contrairement à ces études, nous trouvons que la transmission d'information entre les partenaires, que ce soit en utilisant les messages ou l'observation, ne suffit pas à augmenter significativement l'efficacité globale des résultats. Cela arrive surtout car la transmission d'information ne restreint pas l'utilisation des stratégies dominées. Dans le chapitre 2, nous proposons une expérience qui applique la théorie de l'engagement, établie en psychologie sociale, dans le contexte économique du jeu de coordination. Dans cet environnement, le jeu de coordination, qui se déroule avec communication, est précédé par l'étape du serment où les sujets ont l'opportunité de s'engager solennellement à dire la vérité. Trois résultats principaux émergent. Tout d'abord, en présence du serment, la coordination sur l'équilibre le plus efficace augmente de près de 50% pour atteindre un niveau de 75%. Ensuite, grâce à la procédure du serment, les joueurs deviennent plus honnêtes: ils envoient des messages qui correspondent plus souvent à ce qu'ils font effectivement dans le jeu. De plus, les actions qu'ils choisissent sont aussi plus efficaces. En un, les joueurs qui reçoivent les messages, deviennent plus confiants et ils choisissent plus souvent une action conforme aux intentions qui leur sont envoyées.
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Dinh, Thanh Huong Gajewski Jean-François. "Le comportement des marchés financiers à l'annonce d'information comptable." Créteil : Université de Paris-Val-de-Marne, 2006. http://doxa.scd.univ-paris12.fr:80/theses/th0248045.pdf.
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Diaw, Alassane Bocar. "Dynamique de l'indice CAC 40 et du contrat à terme dérivé à partir des données à haute fréquence." Nice, 2009. http://www.theses.fr/2009NICE0031.
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Ce travail cherche à étudier les dynamiques intra-journalières des marchés spot et à terme de l’indice CAC 40. Sur le plan théorique, si les marchés sont liés par l’activité, les prix à terme devraient être égaux aux prix spot ; les informations se disséminant simultanément dans les deux marchés. Cependant, la plupart des études mettent en évidence une antériorité des marchés à terme, dans la découverte des prix, attribuée aux problèmes de microstructure. Le premier objectif est de quantifier et d’étudier la stabilité des flux informationnels. Il s’agit de voir si, entre biais de microstructure et volume d’information, l’étalon temporel est significatif dans la caractérisation de la dynamique des rendements et de la volatilité. L’étude bivariée est basée sur un modèle à correction d’erreur pour les rendements et un modèle EGARCH pour capter la transmission de la volatilité. Le premier a permis de montrer la part prépondérante du marché à terme dans la découverte des prix notamment au niveau des intervalles de temps les plus petits. Le second a mis en évidence une forte concentration de volatilité sur le marché à terme et une transmission unidirectionnelle des chocs informationnels vers le marché spot, en particulier au niveau des basses fréquences. Le second objectif est d’expliquer la concentration de volatilité sur le marché à terme par l’intensité de l’activité et l’asymétrie de l’information à partir des volumes et des prix. Le recours au modèle de durée conditionnelle autorégressive (ACD) montre une certaine prévisibilité de la concentration de volatilité à ultra-haute fréquence. Toutefois, le rôle de l’asymétrie de l’information dans la volatilité du marché à terme semble être, globalement, marginal et non permanent. L’utilisation d’un modèle de durée combinée avec un processus de volatilité conditionnelle (ACD-GARCH) corrobore ces résultats. La volatilité sur le marché à terme CAC 40 ne serait donc pas l’œuvre d’agents initiés disposant d’une information privéeThis work aims to study intraday dynamics of CAC 40 index futures and the underlying spot index. Theoretically, if the markets are linked by activity, futures prices should be equal to spot prices suggesting that information flows simultaneously in the two markets. However, the majority of the studies highlight the leading role of the futures markets, in price discovery, allotted to microstructure issues. The primary goal of this study is to quantify and study the stability of informational flows. We seek to determine whether, between microstructure bias and information volume, time interval is significant in the characterization of the returns and volatility dynamics. The bivariate analysis is based on an error correction model for the returns equation and an EGARCH model to capture the volatility spillover. The first has shown the predominance of the futures market in the price discovery process, specifically for short time intervals. The latter has highlighted high volatility clustering in the futures market and unidirectional transmission of information shocks to spot market, particularly at higher time intervals. The second goal is to explain futures market volatility clustering by the intensity of the activity and the information asymmetry based on volumes and prices proxies. The Autoregressive Conditional Duration (ACD) model has shown some predictability of the volatility clustering at the level of ultra-high frequencies (tick-data). However, the role of the information asymmetry in the futures market volatility seems, globally, negligible and non permanent. The use of mixed duration and conditional volatility models (ACD- GARCH) confirms these results. Therefore, the volatility in the French major index futures market shouldn’t be allotted to informed agents with private information, as documented by market microstructure literature in some foreign markets
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Bachman, Peggy. "L'autonomie financière des métropoles internationales." Thèse, Lyon 3, 2007. http://scd.univ-lyon3.fr/information-sur-les-theses-indisponibles-894416.kjsp?RH=SCD-NUM-thes.
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Deux dimensions de l'autonomie financière des métropoles internationales sont présentées : le potentiel financier et le pouvoir financier. A partir de deux études de cas, Lyon et Montréal, la thèse présente un modèle d'autonomie financière comme dimension stratégique du développement des métropoles internationales. Les résultats aboutissent à deux portraits différents. L'un fait ressortir l'importance et le rôle du pouvoir financier, alors que son potentiel financier est relativement preservé. L'autre fait ressortir l'importance et le rôle du potentiel financier : Montréal fait face avant tout à une problématique de potentiel financier, qu'elle se doit de régler avant même de s'attaquer à la problématique de son pouvoir financier. La complémentarité et l'interdépendance des deux dimensions se traduisent directement dans leurs choix politiques et dans leur planification stratégique, autour d'un élément fédérateur, le citoyenTwo dimensions of the financial autonomy of metropolises are presented : financial potential and financial power. Based on two case studies, one of Lyon, the other of Montreal, this thesis seeks to show that a financial autonomy model is a strategic dimension in the development of the international metropolises. The findings result in two different metropolitan portraits. One emphasizes the importance of financial power : in Lyon, the debate over financial autonomy chiefly concerns the ways of guaranteeing its financial power, while its financial potential remains relatively intact. The other emphasizes the role of financial potential : in Montreal, the main problem concerns its financial potential and the question of whether this problem should be resolved before even attempting to deal with the question of financial power. The complementarity and interdependance of these two dimensions translate directly into choices in policy and strategic planning around a unifying element : the citizen
Books on the topic "Finances – Information"
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École supérieure de commerce de Paris. Département comptabilité et contrôles de gestion. and Ordre des experts comptables et des comptables agréés (France), eds. Principes comptables et information financière. Paris: Editions comptables malesherbes, 1988.
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Joint Special Operations University (U.S.), ed. Disrupting threat finances: Using financial information to disrupt terrorist organizations. Hurlburt Field, Fla: JSOU Press, 2008.
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Lester, Ray. Information sources in finance and banking. London: Bowker-Saur, 1996.
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Alberta. Direction de l'éducation française. Information financière, FIN 1010: [gestion des finances] : cahier modulaire de l'élève. Edmonton: Alberta Education, Direction de l'éducation française, 1998.
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Banque fédérale de développement (Canada), ed. AIDE: Assistance et information pour le développement de l'entreprise. Montréal: Banque fédérale de développement, 1987.
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Effective financial planning for library and information services. 2nd ed. London: Europa, 2003.
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Roberts, Stephen A. Cost management for library and information services. London: Butterworths, 1985.
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1804-1873, Howe Joseph, Canada. Governor General (1846-1854 : Elgin), and Great Britain Colonial Office, eds. Message: Elgin and Kincardine : the governor general transmits, for the information of the Legislative Assembly, copies of a despatch and enclosures from Her Majesty's secretary of state for the colonies, relative to the projected railroad between Halifax and Quebec or Montreal. [Toronto?: s.n., 1987.
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Canada, Canada Environment, and Federation of Canadian Municipalities, eds. Funding directory: For municipal governments and community groups. [Ottawa]: Environment Canada = Environnement Canada, 1994.
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Canada. Dept. of Finance. The budget plan 2000: Supplementary information and notices of ways and means motions included : better finances, better lives. Canada: Dept. of Finance, 2000.
Find full textBook chapters on the topic "Finances – Information"
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Jonathan, Fisher QC, and Anita Clifford. "Money laundering and information sharing." In The Criminal Finances Act 2017, 21–26. Abingdon, Oxon; New York, NY: Informa Law from Routledge, 2019.: Informa Law from Routledge, 2018. http://dx.doi.org/10.4324/9781351053969-4.
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Jonathan, Fisher QC, and Anita Clifford. "Money laundering and further information orders." In The Criminal Finances Act 2017, 15–19. Abingdon, Oxon; New York, NY: Informa Law from Routledge, 2019.: Informa Law from Routledge, 2018. http://dx.doi.org/10.4324/9781351053969-3.
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Buti, Marco, and Declan Costello. "Population Ageing and the Sustainability of Public Finances in EMU." In Pensions: More Information, Less Ideology, 75–94. Boston, MA: Springer US, 2001. http://dx.doi.org/10.1007/978-1-4757-3363-1_5.
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Shreve, Steven E. "Information and Conditioning." In Springer Finance, 49–81. New York, NY: Springer New York, 2004. http://dx.doi.org/10.1007/978-1-4757-4296-1_2.
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Funke, Jayson J. "Finance and information technologies." In Geographies of the Internet, 170–85. Milton Park, Abingdon, Oxon; New York, NY: Routledge, 2020. | Series: Routledge studies in human geography: Routledge, 2020. http://dx.doi.org/10.4324/9780367817534-13.
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Takahashi, Hiroshi. "Information Technology and Finance." In Innovative Approaches in Agent-Based Modelling and Business Intelligence, 43–51. Singapore: Springer Singapore, 2018. http://dx.doi.org/10.1007/978-981-13-1849-8_4.
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Ashford, Norman, and Clifton A. Moore. "Financial Management Information Systems." In Airport Finance, 136–46. Boston, MA: Springer US, 1992. http://dx.doi.org/10.1007/978-1-4757-0686-4_7.
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Barucci, Emilio, and Claudio Fontana. "Information and Financial Markets." In Springer Finance, 397–477. London: Springer London, 2017. http://dx.doi.org/10.1007/978-1-4471-7322-9_8.
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Barucci, Emilio. "Information and Financial Markets." In Springer Finance, 217–51. London: Springer London, 2003. http://dx.doi.org/10.1007/978-1-4471-0089-8_7.
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Asai, Kentaro. "Asymmetric Information." In Corporate Finance and Capital Structure, 49–58. Abingdon, Oxon ; New York, NY : Routledge, 2021.: Routledge, 2020. http://dx.doi.org/10.4324/9781003016380-6.
Full textConference papers on the topic "Finances – Information"
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Emanova, A. A., and T. A. Stavrova. "On the need for comprehensive improvement of state control and supervision in the sphere of financial legal relations." In VIII Information school of a young scientist. Central Scientific Library of the Urals Branch of the Russian Academy of Sciences, 2020. http://dx.doi.org/10.32460/ishmu-2020-8-0026.
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In each state, organization of the management over public finances plays a crucial role, and a well-established management system is an integral part of public administration. In order to ensure the stability and balance of the country's economy, the task of improving the effectiveness of the state financial management is one of the most important tasks of the state. The result of risk management in the economy, as well as the socio-economic well–being of citizens (and of other aspects) depends on how the issue of the management in the sphere of public (state) Finance is resolved in society.
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"INFORMATION SYSTEM QUALITY ASSURANCE IN FINANCES - Building the Quality Assurance into Information System Architecture." In Special Session on Applications in Banking and Finances. SciTePress - Science and and Technology Publications, 2008. http://dx.doi.org/10.5220/0001892103550360.
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Li Zhao, Andong Luis, Andrew Paley, Rachel Adler, and Kristian Hammond. "OpenIllinois: An Information System for Transparency in Illinois State Electoral Finances." In dg.o 2022: The 23st Annual International Conference on Digital Government Research. New York, NY, USA: ACM, 2022. http://dx.doi.org/10.1145/3543434.3543591.
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"OBSERVABILITY OF INFORMATION IN DATABASES - New Spins in Data Warehousing for Credit Risk Management." In Special Session on Applications in Banking and Finances. SciTePress - Science and and Technology Publications, 2008. http://dx.doi.org/10.5220/0001892903610368.
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Melnykova, Natalia. "The basic approaches to automation of management by enterprise finances." In 2017 12th International Scientific and Technical Conference on Computer Sciences and Information Technologies (CSIT). IEEE, 2017. http://dx.doi.org/10.1109/stc-csit.2017.8098788.
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Vaganova, O. V., N. E. Solovjeva, Y. L. Aulov, and L. I. Prokopova. "Transformation of Agriculture Through Digitalization, Innovative Solutions, and Information Technologies." In III International Scientific and Practical Conference "Digital Economy and Finances" (ISPC-DEF 2020). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200423.015.
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XiangZhou He. "Notice of Retraction: China's public finances evaluation of the effectiveness of expenditure administrative costs empirical analysis since 1978." In Business Management and Electronic Information. 2011 International Conference on Business Management and Electronic Information (BMEI 2011). IEEE, 2011. http://dx.doi.org/10.1109/icbmei.2011.5920503.
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Pessanha Barreto, Iury, and Saulo Jardim de Araujo. "Financial Analysis: A Study on the Liquidity and Indebtedness of Brazilian Companies Listed on the Bovespa Index in the Period of Social Isolation Caused by Covid-19." In 7th International Congress on Scientific Knowledge. Perspectivas Online: Humanas e Sociais Aplicadas, 2021. http://dx.doi.org/10.25242/8876113220212362.
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The present work aimed to carry out a study on the variation of liquidity and indebtedness of companies listed on the Bovespa Index of B3, for the four quarters of 2020, a period in which the world economy went through instabilities and imbalances due to the pandemic of Covid-19. Financial management is essential for companies, as without it managers can make inefficient decisions, which can negatively impact the company and its finances. The absence of good financial management can cause negative impacts on the company, especially in times of crisis, such as the period of the first year of the COVID-19 pandemic. Therefore, for a business to have good results, it is necessary to create strategies to manage the company's finances, including periodic liquidity and indebtedness analysis. Thus, the Current Liquidity Ratio (ILC) and the Cash Ratio(CI) were used to determine the liquidity of companies and their transformations for the period analyzed. For indebtedness, we sought to analyze the Liabilities/Assets Index and the Third-Party Capital/Equity Index. Data were collected from the Standardized Financial Statements (DFP) and Quarterly Information (ITR) available on the B3 page. In the analysis of this work, companies from the financial sector were excluded due to the incompatibility of accounting standards and the methodology addressed in the work. It was verified in the results that, on average, companies underwent a substantial increase in liquidity in 2020, mainly in the second quarter, in which there was an average increase, among the companies analyzed, of 33.18% in the Cash ratio. The Industrial Goods, Oil, Gas and Biofuels and Public Utilities sector had the greatest increases in liquidity in the period. In terms of indebtedness, it could be seen that there was an increase in the participation of third-party capital, but less significant than the increase in liquidity of companies. This suggests that liquidity was financed by reallocation of company assets and policies aimed at exchanging the companies' current liabilities for non-current liabilities. It is concluded that in periods of uncertainty, such as the COVID-19 Pandemic, one of the priorities of companies is in fact to strengthen cash through asset reallocation, liability refinancing and contracting of credit lines.
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Ahmed, Salman, Mihir Sunil Gawand, Lukman Irshad, and H. Onan Demirel. "Exploring the Design Space Using a Surrogate Model Approach With Digital Human Modeling Simulations." In ASME 2018 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. American Society of Mechanical Engineers, 2018. http://dx.doi.org/10.1115/detc2018-86323.
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Computational human factors tools are often not fully-integrated during the early phases of product design. Often, conventional ergonomic practices require physical prototypes and human subjects which are costly in terms of finances and time. Ergonomics evaluations executed on physical prototypes has the limitations of increasing the overall rework as more iterations are required to incorporate design changes related to human factors that are found later in the design stage, which affects the overall cost of product development. This paper proposes a design methodology based on Digital Human Modeling (DHM) approach to inform designers about the ergonomics adequacies of products during early stages of design process. This proactive ergonomics approach has the potential to allow designers to identify significant design variables that affect the human performance before full-scale prototypes are built. The design method utilizes a surrogate model that represents human product interaction. Optimizing the surrogate model provides design concepts to optimize human performance. The efficacy of the proposed design method is demonstrated by a cockpit design study.
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Lotter, Melany, and Chioma Okoro. "Financial literacy decision tree game: A system development exposé." In Ninth International Conference on Higher Education Advances. Valencia: Universitat Politècnica de València, 2023. http://dx.doi.org/10.4995/head23.2023.16306.
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Poor financial literacy has significant economic implications, with limited savings, insufficient retirement provisions and higher dependency on debt. Concerns about the level of financial literacy among the youth or young graduates motivated this study. The study describes the design of a game to educate young graduates while imbibing life-long personal financial management skills. A system development approach was used to present the information. Scenarios and decisions were developed to guide the student (player) in planning and making decisions about their budget with real-life events or cases. The study will be beneficial to university students to transition smoothly into the workforce and take control of their finances. University authorities and stakeholders can also implement the game design to assist students in gaining financial education before venturing into the working world.
Reports on the topic "Finances – Information"
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Anderson, Wesley J. Disrupting Threat Finances: Utilization of Financial Information to Disrupt Terrorist Organization in the Twenty-First Century. Fort Belvoir, VA: Defense Technical Information Center, April 2007. http://dx.doi.org/10.21236/ada470454.
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Greenwald, Bruce, and Joseph Stiglitz. Information, Finance, and Markets: The Architecture of Allocative Mechanisms. Cambridge, MA: National Bureau of Economic Research, March 1991. http://dx.doi.org/10.3386/w3652.
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Bennis, Jerry. Information Management Functional Economic Analysis for Finance Workstations to the Defense Information Technology Services Organization. Fort Belvoir, VA: Defense Technical Information Center, March 1993. http://dx.doi.org/10.21236/ada262633.
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Bennis, Jerry. Information Management Functional Economic Analysis for Finance Communications to the Defense Information Technology Services Organization. Fort Belvoir, VA: Defense Technical Information Center, March 1993. http://dx.doi.org/10.21236/ada262635.
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Beuermann, Diether, Nicolas L. Bottan, Bridget Hoffmann, Jeetendra Khadan, and Diego A. Vera-Cossio. Suriname COVID-19 Survey. Inter-American Development Bank, May 2021. http://dx.doi.org/10.18235/0003266.
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This dataset constitutes a panel follow-up to the 2016/2017 Suriname Survey of Living Conditions. It measures welfare related variables before and after the onset of the COVID-19 pandemic including labor market outcomes, financial literacy, and food security. The survey was executed in August 2020. The Suriname COVID-19 Survey is a project of the Inter-American Development Bank (IDB). It collected data on critical socioeconomic topics in the context of the COVID-19 pandemic to support policymaking and help mitigate the crisis impacts on the populations welfare. The survey recontacted households interviewed in 2016/2017 by the Suriname Survey of Living Conditions (SSLC) and was conducted by phone due to the mobility restrictions and social distancing measures in place. It interviewed 1,016 households during August 2020 and gathered information about disease transmission, household finances, labor, income, remittances, spending, and social protection programs. Data and documentation of the 2016/2017 Suriname Survey of Living Conditions can be found at: https://publications.iadb.org/en/suriname-survey-living-conditions-2016-2017 The survey was designed and implemented by Sistemas Integrales. This publication describes the main methodological aspects, such as sample design, estimation procedures, topics covered by the questionnaire, field organization and quality control. It also presents the structure and codebook for the two resulting publicly available datasets.
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Haas Ornelas, José Renato, Marcos Soares da Silva, and Bernardus Ferdinandus Nazar Van Doornik. Informational Switching Costs, Bank Competition and the Cost of Finance. Inter-American Development Bank, July 2020. http://dx.doi.org/10.18235/0002508.
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Jin, Ginger Zhe, and Alex Whalley. The Power of Information: Do Rankings Affect the Public Finance of Higher Education? Cambridge, MA: National Bureau of Economic Research, February 2007. http://dx.doi.org/10.3386/w12941.
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Bennis, Jerry. Finance Near-Term Technical Architecture for the Defense Information Technology Services Organization. Version 1.1. Fort Belvoir, VA: Defense Technical Information Center, November 1992. http://dx.doi.org/10.21236/ada262636.
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Bennis, Jerry. Finance User Interface Style Guide (3270) to the Defense Information Technology Services Organization. Version 1.0. Fort Belvoir, VA: Defense Technical Information Center, November 1992. http://dx.doi.org/10.21236/ada262641.
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Kang, Jun-Koo, and Rene Stulz. How Different is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues. Cambridge, MA: National Bureau of Economic Research, October 1994. http://dx.doi.org/10.3386/w4908.
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