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Adams, Glenn W. "Financing infrastructure a financial nightmare for smaller municipalities /." Instructions for remote access. Click here to access this electronic resource. Access available to Kutztown University faculty, staff, and students only, 1995. http://www.kutztown.edu/library/services/remote_access.asp.
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Thesis (M.P.A.)--Kutztown University of Pennsylvania, 1995.Source: Masters Abstracts International, Volume: 45-06, page: 2928. Abstract precedes thesis as [2] preliminary leaves. Typescript. Includes bibliographical references (leaves 106-108).
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Mohti, Wahbeeah. "Essays on frontier markets: financial integration, financial market efficiency, financial contagion." Doctoral thesis, Universidade de Évora, 2019. http://hdl.handle.net/10174/24579.
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This thesis investigates financial integration, market efficiency, and financial contagion in frontier markets in order to evaluate the potentiality of portfolio diversification. The first essay evaluates Asian frontier and emerging equity markets’ regional and global integration using Gregory and Hansen co-integration tests and detrended cross correlation analysis (DCCA). The results suggest that Asian emerging markets show some evidence of integration with both regional and global markets. From Asian frontier markets, Pakistan is the only one with evidence of integration with both benchmarks. The second essay appraises weak form efficiency of frontier markets to investigate the global correlation and long-range dependence, applying mutual information and Detrended Fluctuation Analysis (DFA). The results indicate that Slovenia is the only case where there is evidence compatible with weak form efficiency. The third essay investigates contagion from the US subprime financial crisis to frontier stock markets using Copula models to investigate dependence structures between US and frontier stock markets, before and during US subprime financial crisis. The results show that Croatia and Romania are the ones, most affected by the US subprime crisis. Subsequently, the forth essay investigates the contagion from both recent crises; US subprime financial crisis and European debt crisis to frontier stock market, applying DCCA correlation coefficients to investigate the linkage between crisis originating country stock markets (US and Greece) and those of frontier markets, to assess whether the correlation coefficients significantly increase with the crises. The results indicate that from US subprime crisis, European frontier markets are the ones most affected, followed by Middle Eastern markets. In case of European debt crisis (originated in Greece), the findings show that contagion effect is weaker in frontier markets; Ensaios sobre Mercados de Fronteira: Integração Financeira, Eficiência de Mercados, Contágio Financeiro
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Esta tese investiga a integração financeira, eficiência de mercado e contágio financeiro nos chamados “mercados de fronteira”, a fim de avaliar o respetivo potencial de diversificação internacional de carteiras. O primeiro ensaio avalia a integração regional e global dos mercados de capitais emergentes e globais Asiáticos, sendo utilizados o teste de cointegração de Gregory e Hansen e a detrended cross correlation analysis (DCCA). Os resultados sugerem que os mercados emergentes asiáticos mostram algumas evidências de integração com os mercados regional e global. Dos mercados de fronteira asiática, o Paquistão é o único com evidências de integração com os dois benchmarks. O segundo ensaio avalia a eficiência da forma fraca dos mercados de fronteira para investigar a correlação global e a dependência longa, aplicando a informação mútua e a Detrended Fluctuation Analysis (DFA). Os resultados indicam que a Eslovénia é o único caso em que há evidências compatíveis com a hipótese d eficiência na forma fraca. O terceiro ensaio investiga o contágio da crise financeira subprime dos EUA para os mercados de fronteira, sendo usados modelos Copula para investigar as estruturas de dependência entre os mercados de ações dos EUA e os mercados de fronteira, antes e durante a crise financeira dos Estados Unidos. Os resultados mostram que a Croácia e a Roménia são os mercados mais afetados pela crise do subprime dos EUA. Posteriormente, o quarto ensaio investiga o contágio de ambas as crises recentes; crise financeira subprime dos EUA e crise da dívida europeia para os mercados de fronteira, aplicando coeficientes de correlação DCCA para investigar a ligação entre os mercados de ações de países EUA e Grécia e mercados de fronteira. Os resultados indicam que, relativamente à crise do subprime nos EUA, os mercados de fronteira europeus são os mais afetados, seguidos pelos mercados do Médio Oriente. Relativamente à crise da dívida soberana (originada na Grécia), os resultados mostram que o efeito de contágio é menor nos mercados de fronteira analisados.
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Elmir, Ahmad. "PaySim Financial Simulator : PaySim Financial Simulator." Thesis, Blekinge Tekniska Högskola, Institutionen för datalogi och datorsystemteknik, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:bth-14061.
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The lack of legitimate datasets on mobile money transactions toperform research on in the domain of fraud detection is a big prob-lem today in the scientic community. Part of the problem is theintrinsic private nature of mobile transactions, not much infor-mation can be exploited. This will leave the researchers with theburden of rst harnessing the dataset before performing the actualresearch on it. The dataset corresponds to the set of data in whichthe research is to be performed on. This thesis discusses a solutionto such a problem, namely the Paysim simulator. Paysim is a -nancial simulator that simulates mobile money transactions basedon an original dataset. We present a solution to ultimately yieldthe possibility to simulate mobile money transactions in such a waythat they become similar to the original dataset. The similarity orthe congruity will be measured by calculating the error-rate betweenthe synthetic data set and the original data set. With technologyframeworks such as "Agent Based" simulation techniques, and theapplication of mathematical statistics, it can be demonstrated thatthe synthetic data is as prudent as the original data set. The aimof this thesis is to demonstrate with statistical models that PaySimcan be used as a tool for the intents of nancial simulations.
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Tafa, Jonada <1993>. "Enhanced financial literacy through financial education and its impact on financial behaviour." Doctoral thesis, Alma Mater Studiorum - Università di Bologna, 2022. http://amsdottorato.unibo.it/10375/1/Jonada%20Tafa%20Thesis%20Final.pdf.
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This dissertation aims to contribute to the ongoing discourse on the effect an enhanced financial literacy, through financial education, has on financial behaviour. We posit that financial literacy is enhanced through financial education courses, but it also significantly impacts the financial behaviour of individuals. Moreover, we argue that improved financial literacy plays a significant role in mitigating behavioural biases and an asset price bubble.
Chapter 1 analyzes the impact of a financial education course in enhancing financial literacy in a high- school context. Students at specific schools in Tirana, Albania, are delivered a financial education course, which lasts one academic year. To understand the impact of this financial education course in enhancing financial literacy, PISA (2012) questionnaire on financial literacy is delivered to the students before and after the course is delivered.
Chapter 2 analysis the impact of financial literacy in mitigating behavioural biases. We focus on the impact that enhanced financial literacy through the financial education course and financial education plays in reducing the propensity to mental accounting bias.
Chapter 3 investigates how financial literacy affects the propensity to an asset price bubble occurrence. We posit that enhanced financial literacy through financial education reduces the probability of an asset price bubble occurrence.
We find that financial literacy enhanced through financial education has a significant impact in the financial behaviour of the individuals.
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El-Husseini, Ibrahim Ali. "Islamic financial principles and their application in project financing." Thesis, Massachusetts Institute of Technology, 1988. http://hdl.handle.net/1721.1/44667.
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Lukanda, Kapwadi Francky. "Legal accountability of international financial institutions in financing development." Thesis, University of Pretoria, 2009. http://hdl.handle.net/2263/67776.
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This study interrogated the softness and hardness of the law of IFIs to determine the extent to
which underlying accountability mechanisms have achieved or failed to achieve the level of
accountability and justice expected by affected non-state third parties. It also aimed at
investigating the process of financing for development in order to further the understanding of
the challenges of holding IFIs to account for the unintended consequences of the projects they
have funded. The study critically examined the legal accountability mechanisms of selected
IFIs at the institutional, international, and domestic levels to highlight their strengths and
weaknesses. The study showed that the robustness, practicability, and comprehensiveness of
the standards against which the performance of IFIs is assessed are the determining factors of
a better accountability process outcome. An outcome which truly advances the interests of an
account holder without diluting his/her/it legally protected rights. However, the legal
framework of IFI-operations does not provide the same standard of protections to IFIs, their
clients, and affected non-state third parties. While the first two categories of stakeholders seem
to enjoy a robust protection, laws and policies have been used sparingly regarding the
protection of the last category of stakeholders. The weakness of the standards that apply to
affected non-state third parties during the design, appraisal, and implementation of IFI-funded
projects does not enhance a prospect of an accountability process outcome which truly
advances the interest of this category of stakeholders. The study made some recommendations,
including a shift in the focus of existing laws and policies towards a greater protection of the
interests of affected non-state third parties. It also recommended the inclusion of community
development agreements in the overall project structure to ensuring that affected non-state third
parties and other local stakeholders benefit from an IFI-funded project.Thesis (LLD)--University of Pretoria, 2018.
Centre for Human Rights
LLD
Unrestricted
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Pranckh, Rupprecht. "Corporate Financial Distress and Financial Restructuring Solutions." St. Gallen, 2006. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/01666007002/$FILE/01666007002.pdf.
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Bianchi, Caporale Javier Ignacio. "Essays on Financial Crises and Financial Regulation." UNIVERSITY OF MARYLAND, COLLEGE PARK, 2012. http://pqdtopen.proquest.com/#viewpdf?dispub=3479040.
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Martínez, Sepulveda Juan Francisco. "Essays in financial stability under financial frictions." Thesis, University of Oxford, 2012. http://ora.ox.ac.uk/objects/uuid:4e2a5663-c0a5-43dc-8fe7-f6fa05048e76.
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This thesis is a collection of essays where I explore and extend the study of the role of financial frictions for the determination of asset prices, financial stability, and economic resilience. The frictions included in the analysis are individual and aggregate uncertainty, agent heterogeneity, money, liquidity and default. The first essay is an empirical study that motivates my research objectives. This work starts with the exploration of the role of liquidity on asset prices, specifically on sovereign bonds of emerging countries. I present a comprehensive model where I developed a novel methodology for finding the role of liquidity in the determination of asset prices during the financial crisis. In the second essay, illuminated by the empirical findings, I apply and expand the general equilibrium theory of money, default and financial stability. The contributions at the theoretical level are the extension of two-period model with discrete state space to the infinite horizon dynamic stochastic setting, and the inclusion of liquidity restrictions. In the third essay, I further extend this framework, allowing for production technology and endogenous market liquidity. Given the theoretical setting, I have analyzed the responses of financial stability and economic performance variables to real and financial shocks. Finally, in the fourth essay I produce an empirical application of this work. I apply a novel semi-parametric financial stability metric, and evaluate its relevance for the determination of asset prices, in the presence of liquidity restrictions. As a result, this thesis suggest plausible explanations for financial and economic issues that conventional models have not dealt with adequately.
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Debbich, Majdi. "Essays in Financial Literacy and Financial Behaviors." Paris, EHESS, 2015. http://www.theses.fr/2015EHES0098.
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Depuis plusieurs années, les ménages font face à un processus de responsabilisation financière croissante. Dans ce contexte, les individus ont-ils les compétences financières suffisantes pour prendre des décisions éclairées en matière de planification financière, d'accumulation du patrimoine, d'endettement et de retraite? Quelles solutions peuvent-elles être envisagées pour atténuer les effets néfastes du manque d'éducation financière? Cette thèse contribue à répondre à ces deux questions à travers une évaluation de l'éducation financière en France et de ses liens avec les comportements financiers et à travers l'étude des déterminants de l'éducation financière sur le long terme et des solutions potentielles au manque d'éducation financière. Je montre que les niveaux d'éducation financière en France s'établissent dans la moyenne internationale avec des niveaux hétérogènes entre sous-groupes de populations. Je documente aussi le fait que l'éducation financière peut avoir une influence sur les comportements financiers notamment en favorisant la participation aux marchés financiers et la planification financière sur le long terme. Je remets par ailleurs en question le rôle des conseillers financiers en tant qu'alternative à l'éducation financière et montre que ceux-ci ne peuvent s'y substituer. Finalement, j'établis que l'éducation en fin de vie est significativement liée à certains facteurs éducatifs et cognitifs en début de vie mais aussi à la fragilité financière au cours du cycle de vie. Ce dernier résultat a des implications importantes pour l'élaboration de programmes d'éducation financière ciblésIn the recent years, households have been facing a process of increasing financial responsibility given a globa trend of pension systems privatization, loan markets liberalization and credit expansion. Meanwhile the supply of financial products has become more complex. In this context, do people have the ability to process economic and financial information and take sound decisions in terms of financial planning, wealth accumulation, debt and pensions? What remedies can be considered so as to mitigate the adverse effects of poorly informed financial decisions? This thesis contributes to answering both questions through an empirical assessment of financial literacy in the French population and its relationship with financial behaviors but also through a study of the determinants of financial literacy over the life course and potential remedies to financial illiteracy. I report evidence that financial literacy levels in France appear to be in the international average with heterogeneous levels across population subgroups: men, educated, middle-age as well as wealthy respondents tend to perform better. I also show that financial literacy can have an influence on financial behaviors by fostering participation to the stock market and financial planning in the long-run. I question the role of financial advisor as potential alternatives to financial education and show that these cannot substitute
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Lee, Ahrang. "Essays on Financial Frictions and Financial Integration." The Ohio State University, 2012. http://rave.ohiolink.edu/etdc/view?acc_num=osu1343403392.
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Vinogradov, Dmitri. "Financial markets, financial intermediation, and bailout policy." [S.l. : s.n.], 2006. http://nbn-resolving.de/urn:nbn:de:bsz:16-opus-69526.
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Arquié, Axelle. "Essays on financial regulation." Thesis, Paris 1, 2014. http://www.theses.fr/2014PA010101.
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Le secteur financier a émergé afin d’apporter une réponse à certaines imperfections microéconomiques, principalement de nature informationnelle. Trois rôles principaux ont été identifiés dans la littérature : la sélection et le suivi des emprunteurs (voir par exemple Grossman et Stiglitz (1980) ou Boot et Thakor (1993)), la création d’un actif insensible à la production d’informations privées, à savoir les dépôts bancaires (Gorton et Pennacchi (1990)), et la fourniture d’une assurance contre les besoins de liquidité en présence d’incertitude sur les préférences quant au moment choisi pour la consommation (Diamond et Dybvig (1984)). Mais, si le secteur financier constitue une réponse à certaines défaillances du marché, il opère en présence de certaines autres imperfections microéconomiques qui peuvent réduire son efficacité. Cette thèse s’attache à étudier plus particulièrement deux d’entre elles : le caractère incomplet des marchés et les problèmes d’aléa moral des gestionnaires des banques. L’existence de ces imperfections implique une externalité dans le fonctionnement du secteur financier qui peut justifier une réglementation. Afin que la régulation puisse permettre de traiter ces inefficacités, il est crucial d’identifier d’abord quelles sont les défaillances de marché responsables de l’inefficacité et à travers quels mécanismes elles influent sur les choix des agents. Cette analyse théorique représente l’objectif principal de cette thèseThe financial sector has emerged because financial institutions help overcome some microeconomic imperfections, mainly informational. Three main roles have been identified in the literature: the screening and monitoring of borrowers (see for instance Grossman and Stiglitz (1980) or Boot and Thakor (1993)), the creation of an informational-insensitive asset out of their liabilities (Gorton and Pennacchi (1990)), and the provision of an insurance against liquidity needs in the presence of uncertainty on the preferences over the timing of consumption (Diamond and Dybvig (1984)). But, if the financial sector has emerged as an answer to some market failures, it is operating in the presence of some other micro imperfections that can reduce its efficiency. This dissertation focuses on two of them: incomplete markets and moral hazard problems. Their existence implies some externality in the functioning of the financial sector that may justify a regulation. In order for the regulation to overcome those inefficiencies, it is crucial to first identify what are those market failures and through which mechanisms they affect the choices of agents. This theoretical analysis is the main objective of this dissertation
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Kenney, Shane P. "Financial ratio analysis of audited Federal Financial Statements." Thesis, Monterey, Calif. : Springfield, Va. : Naval Postgraduate School ; Available from National Technical Information Service, 2000. http://handle.dtic.mil/100.2/ADA380207.
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Thesis (M.S. in Management)--Naval Postgraduate School, June 1998.Thesis advisor(s): Moses, O. Douglas ; Liao, Shu S. "June 2000." Includes bibliographical references (p. 111-112). Also available online.
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Alamad, Samir. "Financial innovation and engineering in Islamic financial institutions." Thesis, Aston University, 2016. http://publications.aston.ac.uk/28659/.
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Drawing from work found in the financial innovation literature, the main objective of this research is to explore the effect of religious orientation towards financial innovation and engineering in Islamic Financial Institutions (IFIs). The research also examines what constitutes this religious orientation and how it is enacted in the innovation process. Religious orientation towards financial innovation is conceptualised and defined, as a system, in this research study. In order to achieve this objective, the study employs multiple theoretical perspectives to develop its theoretical framework. It combines innovation orientation theory with the theory on boundary objects to explore the role of religion in the financial innovation processes in IFIs. Religious orientation towards financial innovation and the role of Shariah as a shared boundary object is portrayed as a multidimensional knowledge and philosophical structure. This qualitative study provides two important theoretical contributions to existing theories in the innovation literature. First, it extends the existing literature of innovation orientation to a completely new field and construct that is based on a religious imperative as a framework within which financial innovation is constrained. It explains how an innovation orientation in IFIs can be directed within religious rules, which indicates that innovation orientation in IFIs is a learning philosophy. Second, the research introduces and examines the plasticity of Shariah as a shared boundary object and its dynamic role in managing tension and conflicting values in the financial innovation process. Furthermore, building on the empirical results, the study illustrates the insights that each theoretical lens affords into practices of collaboration and develops a novel analytical framework for understanding religious orientation towards financial innovation. This practical contribution, of the developed framework, could form the basis for a standardised framework for the Islamic finance industry. The study concludes by noting the policy and managerial implications of its findings and provides directions for further research.
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Didyk, Ya V. "Financial and legal regulation of financial cash operations." Thesis, Київський національний університет технологій та дизайну, 2019. https://er.knutd.edu.ua/handle/123456789/14058.
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Melnychuk, Oleksandr. "Ukraine Financial Markets - The Analysis of Financial Frauds." Master's thesis, Vysoká škola ekonomická v Praze, 2012. http://www.nusl.cz/ntk/nusl-161874.
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Ukraine is quite new country, which faces early stages of its development. The financial market of the country has passed through different and challenging times for these 20 years and still has to choose several essential factors for the further development. The existence of financial frauds in Ukraine could be explained by lack of knowledge and information in the country as well as low level of trust to the government. The case of JSC "MMM" and Mr. Mavrodi is the best well-known example of Ponzi scheme in Ukraine and all post-Soviet countries, which gives the possibility to analyze the main features of its consequences.
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Cândido, Maria Teresa. "Financial market liquidity, asset pricing, and financial crises /." Diss., Connect to a 24 p. preview or request complete full text in PDF format. Access restricted to UC campuses, 1998. http://wwwlib.umi.com/cr/ucsd/fullcit?p9914068.
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Johnson, Alena C. "Evaluating a Financial Assessment Tool: The Financial Checkup." DigitalCommons@USU, 2001. https://digitalcommons.usu.edu/etd/2539.
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The purpose of this study was to evaluate The Financial Checkup program. The program consisted of a booklet called The Financial Checkup and a 1-1 y, hour workshop explaining the booklet. The booklet helps individuals evaluate their financial situation on an annual basis. It includes a net worth statement, an income and expense statement, financial ratios, a revolving savings worksheet, a retirement worksheet, a life insurance worksheet, a financial goals worksheet, and a budget worksheet. The Financial Checkup covers the topics of debt, savings, retirement, taxes, insurance, goals, and budgeting.
The stages of change model developed by James Prochaska was used to evaluate the financial situation of the participants. The model includes five stages that individuals advance through as they make behavior changes. The stages are precontemplation, contemplation, preparation, action, and maintenance.
The Financial Checkup helped individuals progress along the stages of change. Twenty-nine percent of the individuals who participated in The Financial Checkup program advanced at least one stage compared to 2 1% of the control group. Seven percent of the treatment group regressed one or more stages compared to 17% of the control group.
The Financial Checkup program was especially effective in helping individuals complete and understand a net worth statement and an income and expense statement. On the posttest, all participants in the treatment group indicated that they knew what a net worth statement and an income and expense statement were. On the 3-month follow-up survey, 50% of the treatment group had completed a net worth statement and 63% had completed an income and expense statement.
The Financial Checkup program was most effective for helping participants advance along the stages of change and improve their financial situation in the area of debt. Of the treatment group participants, 51% indicated an improvement in stages for their debt situation. Other areas of substantial improvement were the areas of savings, taxes, homeowners insurance, retirement, and auto insurance.
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Bettington, Jacqueline J. "How does director financial literacy influence financial monitoring?" Thesis, Queensland University of Technology, 2021. https://eprints.qut.edu.au/213554/1/Jacqueline_Bettington_Thesis.pdf.
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There is a paucity of evidence into why boards such as Centro fail despite meeting normative financial governance standards. Drawing on Agency and organisational behavioural theories this mixed-method study involved developing and applying in the field a psychometrically robust measure of director financial literacy (DFL) and interviewing directors to investigate how they develop and apply this capability to financial monitoring. Findings verified that, generally, directors lack the requisite baseline DFL for financial monitoring and challenged the prevailing view that skill-based board diversity is a critical antecedent for effective board performance. Importantly, this study identifies practical strategies for strengthening DFL.
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Somoye, Russell Olukayode Christopher. "The role of financial intermediation in entrepreneurship financing in Nigeria." Thesis, University of the West of Scotland, 2011. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.556067.
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This research focuses on the role of financial intermediation in entrepreneurship financing in Nigeria using six states in the South-West of Nigeria as a major case study. The relevant literature suggests that a deepening financial intermediation would help to improve entrepreneurship financing for sustainable economic growth. The research adopted descriptive statistics, econometric techniques at the micro and at the macro levels. Four hypotheses and four models were adopted. The research uses qualitative choice and OLS econometric techniques to estimate entrepreneurship financing, the entrepreneurship finance gap, and entrepreneurship growth as models 1, 2, and 3 respectively at the micro level and tested hypotheses 1, 2, and 3. The fourth model conducted cointegration techniques on the time series data from 1980-2009 to estimate the long run and Granger causal relationship between entrepreneurship financing and financial intermediation at the macro level and tested hypothesis 4. The results of the descriptive statistics are consistent with the literature that financial intermediation, age, firm size, previous loans, firm age, experience and employment, among others, are significant to entrepreneurship financing. The micro level results show a significant relationship between financial intermediation and entrepreneurship financing on the one hand, and the finance gap and entrepreneurship growth on the other. The results however show that the employment variable in the model appears not significant. The alternative hypotheses 1, 2, and 3 were upheld. The normalised long-run co-integrating equation supported by the short-run dynamics indicates that financial intermediation, interest rate, real gross domestic product, unemployment and industrial productivity are significant to entrepreneurship financing. The results upheld the alternative hypothesis 4 and also show a uni-directional Granger causal relationship. The overall results suggest that financial intermediation has a long-run relationship with entrepreneurship financing policy in Nigeria. The research recommends the formulation of effective policies to strengthen financial intermediation to provide entrepreneurship financing in Nigeria. The research also recommends that monetary authorities should intervene indirectly by reducing Monetary Policy Rates (MPR) which will directly reduce the transaction cost of funds to entrepreneurship and industrial sectors. In addition, the government should review the development plans on entrepreneurship and MSMEs financing in line with global trends.
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Gűney, Yilmaz. "Financing mix of non-financial corporations : evidence from European countries." Thesis, Durham University, 2002. http://etheses.dur.ac.uk/3940/.
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This study analyses the financing decisions of listed non-financial corporations in France, Germany and the UK over the period 1969 to 2000. These countries represent satisfactorily different financial structures of their classes, Le., Latinic, Germanic and Anglo-Saxon traditions, respectively. Thus, this thesis attempts to shed light on the impact of institutional differences (accounting and taxation systems, bankruptcy laws, corporate governance structure) on corporate financing mix policies. The empirical investigation comprises three main themes; capital structure (debt versus equity), debt maturity structure (short-term versus long-term debt), and debt ownership structure public versus private debt). It is obvious that factors influencing financial strategies of firms change overtime and firms are expected to adjust themselves to their target financing structure according to random events. For these reasons we use dynamic panel data and choose Generalised Methods of Moments (GMM) as an appropriate estimation procedure for our autoregressive-distributed lag model GMM methodology overcomes the problems of endogeneity, heteroscedasticity, normality, simultaneity and measurement errors, which are common for studies using firm-level data. The empirical evidence shows that corporate financing decisions are determined by both firm-specific (profitability, tangibility and maturity of assets, growth, quality, size, liquidity, payout policy, corporate tax rates, and earnings volatility), and market-related factors (term structure of interest rates, market equity premium, interest rate volatility, stock return volatility, stock price performance). However, the strength and nature of the effect of these factors are dependent on the financial environment and tradition of the countries of interest. Therefore, our research argues that financing mix decisions of firms are not only the product of their own characteristics, but also the outcome of environment and traditions in which they operate.
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Kisseleva-Scherenberger, Katja [Verfasser], Per [Akademischer Betreuer] Olsson, and David T. [Akademischer Betreuer] Robinson. "Financing and financial performance of entrepreneurial firms / Katja Kisseleva-Scherenberger." Berlin : ESMT European School of Management and Technology, 2021. http://d-nb.info/1236353986/34.
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Benink, Harald Alexander. "Financial fragility." Maastricht : Maastricht : Universiteit Maastricht ; University Library, Maastricht University [Host], 1996. http://arno.unimaas.nl/show.cgi?fid=6710.
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Conocimiento, Dirección de Gestión del. "Financial Times." The Financial Times Limited, 2004. http://hdl.handle.net/10757/655302.
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Bezsmertna, Yuliia. "Financial pyramids." Thesis, Київський національний університет технологій та дизайну, 2019. https://er.knutd.edu.ua/handle/123456789/13035.
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Shi, Fengyuan. "Financial contagion." Thesis, University of Newcastle upon Tyne, 2015. http://hdl.handle.net/10443/2912.
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Blanco, José C. "Financial Innovation." DigitalCommons@USU, 1996. https://digitalcommons.usu.edu/etd/3912.
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This dissertation was a study of the impact of financial innovation upon financial institutions and some of the collateral macroeconomics effects. Financial innovation has impacted the distribution of household assets throughout the Group of Seven (G-7) countries and indirectly negatively influenced the usage of traditional monetary aggregates as a reliable tool to forecast the growth in the domestic money supply between 1960 and 1990.
The empirical results indicate that the adoption of financial innovations by large U.S. commercial banks has not influenced their return on equity and the return of assets between 1990 and 1994. The variability of the return on equity and return on assets is reduced by those banks that have incorporated financial innovations over time.
The policy implications of these results indicate that sufficient market instruments exist to assist banks to control interest rate exposure caused by the volatility of interest rates and uncertain funding sources. Any intervention by regulatory authorities could be welfare-decreasing for banks and possibly increase the level of interest rates or reduce the supply of credit to prospective borrowers.
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Hysmith, Ryan Thomas. "Impact of Student-managed Investment Fund Participation on Financial Knowledge, Financial Satisfaction and Financial Behavior." Thesis, Northcentral University, 2017. http://pqdtopen.proquest.com/#viewpdf?dispub=10287703.
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The purpose of this quantitative, nonexperimental study was to examine the effect of student-managed investment fund participation on financial knowledge, financial satisfaction, and the occurrence of best practice financial behaviors. Student-managed investment funds are experiential learning opportunities where student-led investing occurs in an academic setting. Households in the United States headed by millennials age 25-34 are exhibiting declines in retirement plan participation, financial knowledge, best practice financial behaviors and household net worth. The specific business problem addressed is the lack of financial knowledge necessary to make best practice financial behavior decisions at an early age. Participants for the study consisted of three groups of alumni who graduated between 2007 and 2016 from a selected Tennessee university: finance majors within the College of Business, College of Business students who participated in a student-managed investment fund, and all other College of Business students. An online survey was distributed to 301 College of Business graduates and 131 complete responses were received (N=131). The two methods used for statistical analysis for this study were one-away ANOVA and an analysis of two independent group means. The findings provided statistical support for the impact of student-managed investment fund participation on financial knowledge, but did not provide statistical support for the relationship between student-managed investment fund participation and financial behaviors or financial satisfaction. As such, educators and policymakers should utilize experiential learning opportunities in financial education initiatives to increase financial knowledge. Recommendations for future research include a longitudinal study of student-managed investment fund participant financial knowledge, satisfaction, and behaviors.
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Zokaityte, Asta. "The financial capability project : EDU-regulating consumer financial markets through the democratisation of financial knowledge." Thesis, University of Kent, 2016. https://kar.kent.ac.uk/54171/.
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The thesis examines the emergence and development of the financial capability project in the United Kingdom. It investigates how consumer financial literacy education came to be increasingly deployed by policy makers and financial regulators to govern financial markets and to protect consumers. The thesis focuses on and unpacks a number of different practices and processes that constitute and support the project on financial capability. It looks at some of the predominant discourses surrounding the legitimization of consumer financial education and explains the underlying rationale for this novel regulatory approach. To explore different configurations of regulatory techniques used to protect consumers, the thesis studies three sites where distinct financial capability initiatives were rolled out in the UK context. The first site unpacks the financial capability measure and documents in detail the financial knowledge practices that are used to define and determine what is considered to be high or low levels of consumer financial capability. The second site describes how the project on personal finance education was carried out in English schools. It interrogates the activities of Personal finance education group (Pfeg) – the principal promoter of financial school education – and exposes different ways in which Pfeg’s major financial donors have informed and shaped the UK’s national strategy on financial education at schools. The third site looks at the regulation of the provision of financial advice in the UK. It probes into the assumptions about consumer financial decision-making that form the basis and rationale for consumer protection and state intervention via the provision of financial advice. The thesis terms these sites as ‘edu-regulatory’ in order to illustrate how financial information, financial education and financial advice are utilised to govern consumer behaviour and financial markets. The analysis of three edu-regulatory sites shows that the underlying rationale for this novel regulatory approach is the democratisation of financial knowledge. The project on financial capability presupposes that greater consumer access to financial information, financial education, and financial advice equips consumers with knowledge, skills and attitudes necessary to govern themselves and financial markets. Borrowing ideas and findings from social studies of finance, the thesis cautions against this newly emerging approach to consumer protection. It argues that the project on financial capability promotes access to financial knowledge which is highly de-contextualised. This de-contextualisation simplifies consumer financial decision-making and ignores the socio-economic, cultural and political environment within which consumers make their choices. Despite grand claims about consumer empowerment that tends to accompany the financial capability project, the thesis highlights important limitations to such edu-regulatory techniques. It argues that consumer decision-making is highly complex and contextual, thus, financial knowledge gained as a result of financial capability programmes will always intersect with the environment. Consumer protection policies based on edu-regulation has the potential to shift regulatory focus from structural problems present in financialised, political economies to individuals. The financial capability project largely ignores the importance of these circumstances to financial decision-making processes. Instead, it mis-attributes them to consumers’ lack of understanding and their inability to successfully navigate the financialised world. The thesis suggests that consumer financial education fails to strengthen consumer protection or reduce consumer exposure to financial risks. The financial capability project contributes to further marginalisation of consumers who are the least capable of managing their financial and economic lives through mere information, education and advice.
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Atiq, Zeeshan. "Essays on financial liberalisation, financial crises and economic growth." Thesis, University of Manchester, 2014. https://www.research.manchester.ac.uk/portal/en/theses/essays-on-financial-liberalisation-financial-crises-and-economic-growth(8ebde51d-189b-40e9-a4e1-098b8880301e).html.
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This thesis investigates the impact of financial liberalisation policies on finance-growth relationship and financial crises. Analysis of recent trends and economic performance of financially developed and stable economies raises at least two very important questions that seem to have strong analytical connections. The first question is associated with the link between financial development and economic growth and the second question focuses the possible association between the policies of financial liberalisation and financial vulnerability. In this thesis we aim to shed light on some of the aspects that have gained so much attention from academics and policy makers during the last two decades. First we address whether excessive liberalisation has caused financial development to lose its effectiveness in generating economic growth. We employ a dynamic panel data analysis for 88 countries over the period of 1973 to 2005. Our index for the financial sector liberalisation covers seven aspects: credit controls and reserve requirements, interest rate controls, entry barriers, state ownership, policies on securities markets, banking regulations and restrictions on capital market. We use a comprehensive financial development indicator constructed through principal component analysis of five different indicators: bank private credit to GDP ratio, liquid liability to GDP ratio, deposit money bank assets to total bank assets ratio, deposit money bank assets to GDP ratio, and bank credit to bank deposit ratio. The results indicate that the positive effect of financial development on long-run growth continues to decline as the financial sector becomes more liberalised. Our results are robust to changes in the financial development indicators and the dis-aggregation of the financial liberalisation index. Second, we examine the possibility for an optimal sequence of financial sector reforms that may reduce an economy’s vulnerability to financial crises. We construct a distance measure from the countries that followed a more gradual approach and liberalised their capital account at a later stage. Our analysis shows that the experience of the countries that delayed or followed a very gradual approach for the liberalisation of their capital accounts have high level of implications to those countries that allowed for shock approach or liberalised their capital account before bringing reforms in other sectors.
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Paltalidis, Nikolaos. "Essays on applied financial econometrics and financial networks : reflections on systemic risk, financial stability & tail risk management." Thesis, University of Portsmouth, 2015. https://researchportal.port.ac.uk/portal/en/theses/essays-on-applied-financial-econometrics-and-financial-networks(3534970d-eeba-4748-9812-d18430925664).html.
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The global crisis of 2008 challenged the functioning of the financial markets. In the aftershock era numerous repercussions were felt throughout the world, resulting from a plethora of cross-border and cross-entity interdependencies. An initially systemic banking crunch – where cash strapped banks stopped lending, liquidity abruptly dried up, and credit conditions deteriorated – metastasized into a sovereign debt crisis in the euro area which devastated public finances and provoked higher sovereign default risk. Motivated by the intensity, the magnitude and the speed with which shocks propagate in the entire financial system, this thesis presents five essays on applied financial econometrics and financial networks which examine, model and investigate: i) systemic risk and the resilience of the banking industry via employing financial networks and entropy maximization; ii) the role of credit derivatives and the two-way feedback ramification, triggered by government interventions, on financial stability; iii) the symptoms of acute liquidity withdrawal in emerging markets; iv) a Bayesian three state switching regime approach to price financial assets; v) tail risk management with portfolio asymmetries and asset monotonic volatility. More precisely, in Chapter three the Maximum Entropy method is employed to capture systemic risk, the resilience of the banking system in Europe and the propagation of financial contagion in a dynamic financial network framework. As conditions deteriorate, three channels (interbank loan, sovereign, asset-backed loan) trigger severe direct and indirect losses and cascades of defaults, whilst the dominance of the sovereign credit risk channel amplifies, as the primary source of financial contagion in the banking network. Systemic risk within the northern euro area banking system is less apparent, while the southern euro area is more prone and susceptible to bank failures. By modelling the contagion path the results demonstrate that the euro area banking system insists to be markedly vulnerable and conducive to systemic risks, implying that there is a need for additional policies to increase the resilience of the sector. Moreover, the thesis develops a Markov-Switching Bayesian Vector Autoregression (MSBVAR) model in Chapter four to study the two-way feedback hypothesis between credit default swaps and the role of government interventions on financial stability. The results demonstrate that a rise in sovereign debt due to the countercyclical discretionary fiscal policy measures, is perceived by stock markets as a catastrophe on economic growth prospects. Interestingly, government interventions in the banking sector deteriorate the credit risk of sovereign debt, whilst higher risk premium required by investors for holding riskier government bonds depresses the sovereign debt market, and attenuates the collateral value of loans, leading to bank retrenchment. The ensuing two-way banking-fiscal feedback loop indicates that government interventions do not necessarily stabilize the banking sector. Furthermore, the thesis employs several copula functions and the Extreme Value theory in Chapter five, to estimate and quantify joint downside risks and the transmission of shocks in emerging currencies, evolving from domestic emerging stock markets, liquidity (banks’ credit default swaps), credit risk (Volatility Index) and growth (commodity prices) channels. The models measure the time-varying shock spillover intensities to ascertain a significant increase in cross-asset linkages during periods of high volatility which is over and above any expected economic fundamentals, providing strong evidence of asymmetric investor induced contagion, triggered by cross asset rebalancing. The critical role of the credit crisis is amplified, as the beginning of an important reassessment of emerging market currencies which lead to changes in the dependence structure, a revaluation and recalibration of their risk characteristics. Additionally, the thesis employs a Markov-switching vector autoregression (MSVAR) model to capture the transmission of shocks from stock, commodity and credit markets to four shipping indices in Chapter six. By estimating the impulse response functions (IRF), the model identifies the episodes and documents the existence of three regimes and directional spillovers between low, intermediate and high volatility regimes. The estimation results obtained using a Gibbs sampler indicate that the S&P 500, the S&P GSCI, Banks’ CDS and the VIX behave as channels which transform and spread the risk to the shipping market with the propagation of shocks. Interestingly, higher risk premium that is required by investors for holding financial assets depresses the shipping market substantially. Finally, several copula functions are employed to model tail dependence during periods of extreme, asset monotonic volatility and reverse portfolio asymmetry conditions between shipping, stock, commodity and credit markets in Chapter seven. The findings reveal that shocks in the shipping market coincide with dramatic changes in other markets and document the existence of extreme co-movements during severe financial conditions. Lower tail dependence exceeds conditional upper tail dependence, indicating that during periods of economic turbulence, dependence increases and the crisis spreads in a domino fashion, causing asymmetric contagion which advances during market downturns. In the post crisis period the level of dependence drops systematically and shipping assets become more pronouncedly heavy-tailed in downward moves. According to the estimated results accelerated decreases in commodities and prompt variations in volatility, provoke accelerated decreases and function as a barometer of shipping market fluctuations. The global financial crisis has profoundly shaped modern finance. This thesis examines the prominent role of the crisis in financial markets, provides important implications for understanding systemic and liquidity risk, for analysing policies designed to mitigate financial contagion, and for capturing the fluctuations of emerging currencies and financial assets during distress economic conditions.
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Akgun, Unaldi Burcin. "Financial Development, Financial Openness And Growth: An Empirical Investigation." Phd thesis, METU, 2011. http://etd.lib.metu.edu.tr/upload/12613932/index.pdf.
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The economic literature posits that a well-functioning economy requires a well-regulated financial system, and a sound financial system is essential to the fundamentals of an economy, however, even the most influential economists disagree sharply about the role of the finance-growth relationship in economic
development. One of the most important questions concerning financial openness is whether it spurs long-run economic growth, and if yes, do these benefits outweigh the risks for developing countries. In addition, the conventional economic theory often postulates that a more developed financial sector provides a productive ground for higher economic growth. Is financial development a major prerequisite for economic growth? Additionally, institutional quality has also received a considerable attention since it is thought of a significant channel in the financegrowth relationship. This thesis aims to investigate the links between financial integration, financial development, and growth, taking institutional quality and the level of the development of the economy into consideration. To this end, a large panel data set is used and panel data estimation techniques are employed. The results show that
emerging economies benefit the most from financial openness regardless of any preconditions. On the other hand, developing economies should be cautious since financial openness may hinder growth unless institutional development is healed before financial openness policies take speed. Moreover, the results indicate that, financial development fosters growth and the level of institutional development is an important determinant of the finance-growth relationship in the overall.
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Taghipour, Anoshirvan. "Essays on financial policies, financial development and economic growth." Thesis, University of Essex, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.495772.
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Barrieault, Robert C., and Douglas O. Moses. "Financial accounting concepts and DoN/DoD financial reporting practice." Thesis, Monterey, California: Naval Postgraduate School, 1993. http://hdl.handle.net/10945/24170.
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SOUZA, GEIZI FERNANDES DE. "FINANCIAL LITERACY AND BASIC FINANCIAL MATHEMATICS IN MIDDLE SCHOOL." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2016. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=27574@1.
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PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIROO letramento financeiro do indivíduo é condição fundamental para seu planejamento financeiro e para a tomada de decisões financeiras conscientes. O conhecimento de Matemática Financeira é uma das plataformas necessárias ao letramento financeiro. Nesse sentido, consideramos que o ensino de Matemática Financeira deve ser iniciado o mais cedo possível, de forma contextualizada e adequada à faixa etária do educando. Neste trabalho apresentaremos propostas pedagógicas e metodológicas para o efetivo ensino de Matemática Financeira Básica no segundo segmento do Ensino Fundamental, baseadas em nossa experiência de trabalho nesta etapa, há mais de dez anos.
The person s financial literacy is a prerequisite for their financial planning and for making conscious financial decisions. The Financial Mathematics knowledge is one of the platforms necessary for financial literacy. In this sense, we consider that the Financial Mathematics teaching should be started as soon as possible, in context and appropriate to the student s age. In this work we present pedagogical and methodological proposals for effective teaching of basic knowledge of Financial Mathematics in Middle School, based on our experience working with this segment for more than ten years.
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Rother, Simon [Verfasser]. "Essays on Financial Intermediation and Financial Stability / Simon Rother." Bonn : Universitäts- und Landesbibliothek Bonn, 2021. http://nbn-resolving.de/urn:nbn:de:hbz:5-63282.
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Cheng, Shu-tsui, and 鄭淑翠. "Financial institutions on SME financing." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/c95p84.
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碩士國立臺灣科技大學
財務金融研究所
100
Due to the importance of Taiwan’s medium and small enterprises in terms of social and economic structure and the promotion of development in medium and small enterprises and stable finance, this study will target the relationship between features of medium and small enterprise financing, strategies for bank credit granting, and counseling measures provided by the government along with the study of the risks involved in hope to help achieve a win-win situation for medium and small enterprises and the bank. Financing (fund-raising) by medium and small enterprises and policies on assistance and counseling provided by the government will serve as the focus of this study with financial tsunami period investigated. In order to promote industrial development, various policies on financing planning, investments and credit guarantees, and counseling on financing provided by the government have assisted medium and small enterprises to successfully raise funds during different stages of business growth as well as enterprises faced with major economic changes or economic stagnation. During financial tsunami, a downward trend was shown in financing balance for medium and small enterprises in Taiwan. After the implementation of various measures by the government, gradual climb in bank loans for medium and small enterprises and credit guarantee balance within a short period of time indicates government mechanisms for saving the market during financial tsunami have achieved their purposes effectively. This study showed that aspects of financing, credit guarantees, investments, subsidy policies, finance diagnosis, and financing counseling were all covered by the counseling system constructed by the government in terms of financing (fund-raising) by the provision of a comprehensive mechanism to relieve financial difficulties faced by medium and small enterprises during different stages of growth and operation. This study suggests that medium and small enterprises should strengthen operating physique, avoid financing difficulties caused by informational asymmetry, and utilize resources provided by the government; the bank is advised to develop supply chain financing and reinforce employee training while the government is suggested to establish standards for medium and small enterprises on financial relief, set up banks medium and small enterprises to carry out government policies, continue to promote “Certified Financial Specialist for Small and Medium Enterprises”, and reinforce propagandas on various measures established by the government in terms of financing (fund-raising) and related counseling.
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Chen, Szu-Hui, and 陳思慧. "Corporate Financing, Financial Institutions and Corporate Governance." Thesis, 2002. http://ndltd.ncl.edu.tw/handle/25279225039960376318.
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碩士國立中央大學
財務金融研究所
90
Enterprises need plentiful fund to operate the business, to expend the scale, and to innovate new products or technologies. So, how to raise fund is the important subject to enterprises. This thesis describes four phases (incubating phase, growing phase, expanding phase and restructuring phase) during an enterprise life cycle, the theoretical background for optimal financing strategies in each phase, and optimal relationship between enterprise and financial institution changes during different phases. This thesis examines the relationship between fund resource of enterprise and financial institution and the corporate governance structure of IPO companies in Taiwan. There are three main aspects to investigate: (1) the relationship between the timing, the industry of firms’ IPO and investment of financial institutions, (2) an compare about the time of entering and exiting the board of directors of financial institutions, (3) an analysis about characters of IPO firms to be attracted by financial institutions and to control the company.
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Chen, Hui-Ting, and 陳慧庭. "Relationship Among Financial Literacy, Financial Advisors, and Financial Behaviors." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/ahm6fx.
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碩士國立中央大學
財務金融學系
107
This study examines the comprehensive relationship among financial literacy, financial advisors, and financial behaviors. The study provides insights into the role of a financial advisor. This study employs a unique dataset from the 2011 Literacy Survey conducted by Taiwan’s Financial Supervisory Commission. The study results indicate a complementary relationship between financial literacy and consult financial advisor. By contrast, a substitutable relationship exists between financial literacy and following financial advices. Trust on advisors significantly positively influences individuals’ tendency to follow financial advice. Furthermore, individuals with lower financial literacy increase their retirement planning by following financial advice. Financially knowledgeable individuals actively participate in retirement planning or unit-linked insurance owing to higher financial literacy and consultation with financial advisors. The study concludes that financial advice provided by advisors is a mediator variable between financial literacy and financial behaviors.
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Pu, Yen-Ju, and 卜妍汝. "Comparing Financial Behaviors between Financial Employees and Non-financial Employees." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/rz5tqd.
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碩士國立彰化師範大學
財務金融技術學系
106
This object of study for the finance behaviors with the non-finance employees, the design experience effect, excessively self-confident and correlation of questionnaire the punishment effect carries on manages finances comparison of the behavior, picks the stochastic provide the way, the findings discovered the age in has not had this financial property in 40-49 year-old non-finance employees, discovered this financial property rose has been able to hurry to purchase, when the financial property made a profit continually, could invest the more amount purchase, thought oneself invests the possibility which lost money to be low, the investment financial commodity makes a profit now, later certainly will be able to obtain a higher reward, even if the present loses money, later also certainly will be able to make a profit, and could not listen other people opinion invests the financial property. The male, the age in 20-59 year old and so on 12 background in disguised form finance employees can the financial property sell which already made a profit and if had the golden financing field price dropped, but the market was rises, could do the part brings to completion, the part continued to have. Male and age in 20-29 year-old non-finance employees and no matter married or the unmarried non-finance were employed the human all to favor thought the whole performance good company, the future return rate will be able to compare the financial property which Gao Jiru had already to lose money, still could continue to have this financial property. But the non-children's finance is employed the artificial tendency to think the whole performance good company, the future return rate will be able to compare the financial property which Gao Jiru had already to lose money, still could continue to have this financial property.
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Nguyen, Ngan Thi Thai. "Bank financial reporting opacity and uninsured deposit financing." Thesis, 2021. https://hdl.handle.net/2144/42624.
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This study examines the association between bank financial reporting opacity, measured by delayed expected loss recognition, and banks’ uninsured deposit financing. In particular, following calls from prior research, I investigate the effects of reporting opacity on this critical source of bank financing, which represents over $5 trillion at 2019. Using quarterly regulatory filings of federally-insured US commercial banks, I confirm a predicted negative association between uninsured deposits and larger delays in expected loss recognition, my proxy for reporting opacity. I also document expected cross-sectional variation, with this negative association accentuated for banks that are not too-big-to-fail (as these lack the implicit government guarantees of too-big-to-fail banks), and some evidence for banks that are not publicly-traded (which have lower overall reporting and disclosure quality relative to publicly-traded banks). My findings contribute to the extant literature on bank opacity, uninsured deposit financing, and the consequences of loan loss provisioning by suggesting that delayed expected loss recognition affects uninsured deposit financing.
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yun, kao yen, and 高燕雲. "Studies financial question and financial security---securityStudies Eastern Asian financial crisis." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/32667605119269835434.
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碩士國立中興大學
國際政治研究所
92
The financial globalization has formed a tide, the overall performance for the money market expand rapidly, the opening degree for money market in various countries is more and more high, the circulation of capital is greatly speeds up, the financial commodity innovation emerge in an endless stream, the finance policy in various countries'' influence each other increases constantly. Furthermore, it causes the global finance intercourse with each other more and more toward integration. The advanced countries puts the finance safety and military conflict in the national policy decision-making consideration, regards as the threat origin for the national security. It also constructs overall policy in each of the reform policy and financial security net in order to reveal the determination for pursuing and protecting the financial safety. This is because the finance is the factor for national survival and development. If financial crisis will initiate the economic recession or the growth, it will possibly cause the society turbulent. The ability and the ruling legitimacy for the country or government will receive the question. The political power exchanges ownerships if it’s not severe, it cause national turbulent if it’s severe. The national security could be put in great danger. This article 1997 is according to Eastern Asian finance crisis occurrence and the reform policy in each country and to studies the financial question and the financial security on Taiwan. Using the characteristic for measuring national financial security and to testify the crisis-outbreak countries such as: Thailand, Malaysia, Indonesia and so on, it all conforms that all of these countries meet the safety standards; nevertheless the crises still break out in these countries. It should apply similarly to Taiwan. Based on the same characteristic to measure the financial system safety in Taiwan after 1997, it is within the scope of the standards. Taiwan is exposed to the financial hazard, but not to an immediate financial crisis. Capital inadequacy and financial system problem are deemed to be the most uncertain factors and pitfalls. The government should follow the right step and processing with speed. Facing the opening market for joining WTO finance, and the financial globalization transfer effect increases the financial security crisis. When opening policy for foreign capital investment the stock market, the government should measure every crisis characteristic and the defend system and should compare the past and be more careful when facing challenge. The study hereby makes the following suggestion: First. The company policy is the first challenge when the domestic bank enters the new century. Secondly, constructs the financial defend system. Thirdly, cultivate the specialized financial person. Fourth, enhance and assist the basic level of financial institution. Fifth, enhance the crisis management. Sixth, establishment finance early warning analyzes and tracks the inspection work. Seventh, enhances the enterprise morals and virtue. Eighth, enhance the public-operated bank privately operated and reduces officially holds the stock ratio.
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Rajpurohit, Bhanwar Singh. "Financial Management in Rajasthan financial corporation." Thesis, 1990. http://hdl.handle.net/2009/5741.
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Yu, Li Fang, and 余莉芳. "Financial Intermediary,Collateral,and Financial Crisis." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/93049945966732245667.
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Liao, Ying-Chieh, and 廖英傑. "Financial Asset Securitization and Financial Supervisory." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/91263177829511366431.
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碩士國立臺灣大學
經濟學研究所
98
Through the structural mechanism of financial asset securitization, the U.S. subprime mortgage crisis erupted in 2007 eventually evolved into a financial crisis sweeping the globe. From the perspective of scope, impact and depth, it’s the most serious economic crisis since the Great Depression lasted from 1929 to 1933, therefore, it was also known as the "financial tsunami". To cope with the economic downturn that followed the financial crisis, the governments worldwide have adopted a series of stimulus programs progressively in order to relieve the economic recession, meanwhile, investigating the causes, transmission mechanism and consequences of the financial tsunami, and trying to find out effective means to prevent similar crises from happening again. The major countries in Europe and America also launched the related financial reform measures. This paper attempts to synthesize the causes for the financial tsunami, its impact on the global economy and the financial markets, and refer to the reform programs launched by major countries, as well as related supervision issues triggered by the financial crisis, finally raise the proposals for financial reform to the financial regulators.
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Hong, Jenn Yeu, and 洪震宇. "From Financial Repression to Financial Openness." Thesis, 1996. http://ndltd.ncl.edu.tw/handle/31500384605807091193.
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Chen, Chun-Hung, and 陳俊宏. "New Financial financing model influence on Financial lending businesstake Peer-to-Peer Network Lending as an example." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/c5ud35.
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碩士樹德科技大學
金融系碩士班
106
At present, lending industrial ecology of financial that rapidly rises on technology. It combined with technology and finance which changed fast to be traditional lending module or service. In many new financial lending modules, P2P network platform lending borrowing module has increasingly popular trend and becomes many capital demanders who have adopted mode of borrowing. Moreover, in the past there was little research to explore the factors of trust and trust before using P2P network platform lending behavior intention in Taiwan, more is given priority to with business model and the laws and regulations, therefore, this study takes P2P network platform as the research subject to explore the effects of financial lending business. The Research explores Financial lending business to affected what Institution-based trust、Knowledge-based trust and computing-based trust based by trust that supervene of trust was intention user for Perceived risk. Combining perceived usefulness, perceived ease of use, and attitudes in technology acceptance models exploring to affected Peer-to-Peer network lending to the behavioral intention. A total of 328 copies were distributed to domestic internet users, 315 were collected, and 303 valid questionnaires were analyzed. The results of the 303 Internet users'' research questionnaires were analyzed. The Research conclusion point out to Perceived ease of use in addition to Attitude to be negative influence, other pre-trust reasons (system-based, knowledge-based, and computation-based trust) and trust will all positively influence behavioral intentions, and perception of usefulness in technology acceptance models in addition to Attitude to be positively significant. The research conclusion point out to management implications for peer-to-peer network lending operators to be referring and thinking. Suggestions are made to provide reference and directions for further research. Keyword：Peer-to-Peer Network Lending, Financial Technology, Perceived Risk, Trust, Technology Acceptance Model
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Kuo, Yen-Tung, and 郭彥彤. "Financial Market Regulations in Post-financial Crisis Taiwan: Focusing on Financial Derivatives." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/9c7nyq.
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碩士國立臺灣大學
法律學研究所
103
The global financial crisis during 2007-08 revealed the deficiency of regulations for financial markets. After the crisis, the deregulation policy, the loopholes in existent regulations, and the dysfunction of competent authorities were criticized and that many international organizations and countries begun to modify the regulations, especially those for financial derivatives which is blamed for the occurrence of the crisis. Comparing to other legal domains, the soft laws established by international organizations are often adopted and thus the modification in different jurisdictions are similar to some extent. Under the consideration of reducing the impact of the systemic risk to financial system, the governments tend to extend the coverage of regulations to more financial derivatives, centralize the trading in OTC market, increase the requirements for financial institutions, and enhance financial consumer protection through consumer education. Besides, for strengthen competent authorities, some countries, such as United States and United Kingdom, even changed the structure of financial supervision. Even though Taiwan is also influenced by the tendency of regulation modification and has amended some regulations for financial market; however, the modification is not enough. In Taiwan, there are many financial derivatives are still not regulated because of the narrow coverage of regulations and that it provides room for regulatory arbitrage. Besides, the requirements provided by soft law for reducing systemic risk for financial institutions are not fully adopted, centralizing trading has not introduced to OTC market yet, and that there is no long-term plan for consumer protection policy. Moreover, the deficiency of independence makes the competent authority of financial supervision difficult to achieve its missions. This thesis discusses the financial market regulations focusing on financial derivatives through a comparative approach and provides the author’s suggestions for the modification for financial market in Taiwan.
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Shu-Ping, Shih, and 施淑萍. "Financial distress predictive model and the financial characteristic of financial distress companies." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/00408871848432497327.
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碩士東吳大學
會計學系
88
In order to found financial distress predictive model for banks and financial companies, the study establishes a predictive model of financial distress by expanding the samples and the definition of financial distress of previous studies. The sample separates them into two parts. One establishes financial distress predictive model for stocks companies listed in Taiwan Stock Exchange Corporation. The other is for banking institutions financing over thirty million dollars for public-trade segments. However, judging from the definition of financial distress, the meaning of financial distress company lies on the stock companies listed in Taiwan stock exchange corporations whose stocks are required to be full delivery, temporary suspend and stopping suspension From the appearance of the banking loan public-traded market, the definition of the financial distress firms indicates that the receivables of these firms become overdue, on demand, and bad debt. Using the matched pairs designed, the sample of financial distress firms and healthy firms were drawn in the same industry and approximately the same asset size and fiscal year. Furthermore, this study also discusses the financial characteristic of financial distress companies. In addition, the companies with financial distress are discussed in the study. From the viewpoint of variable of financial distress predictive model, seven financial rations practiced by banks are selected in this study. Moreover, audit opinions about going-concern or significant uncertain and cash flow ratio are also included in the study. The study includes thirty financial distress firms and fifty-five healthy firms in listed market from 1995 to 1999. It also contains sixty companies whose receivables become overdue, on demand and bad debt, related sixty healthy firms, forty-one firms whose receivables become bad debt, and related forty-one healthy firms from 1995 to1998. The future developments of these financial distress firms from 1993 to 1997 are discussed in the study. In all samples, using the test of mean difference population of two groups, the financial distress firms and healthy firms have significant difference on the firms’ ability to pay interests and the cash flow of financial activity. In the alarm logistic model of financial distress, the cash flow from financial activity is as an important predictor. These both imply cash flow from financial activity can predict the probability of firm to appear financial distress or the latter financial situation of the financial distress firms. In addition, in listed company sample finds the possibility of financial distress is positively associated with the CPA’s opinion about going-concern or significant uncertainly. And the model’s prediction with CPA’s opinion is more correct than the one without CPA opinion in the listed market, but, however, the result is not founded in the public-traded firms with default or bad debt. The percentage of correctly predicted of the financial characteristic of financial distress companies of model is 62.84%. The prediction is more correct with the close to the year of financial distress excluding the traded-public firms with default. The percentages of correctly classified firm in the listed firms, and the public-traded firms incurred default, in the public- traded firms incurred bad debt is 67.69%-95.08%, 58.43%-80%, 57.14%-78.57%, respectively.