The latest threat to global health is an ongoing outbreak of a respiratory disease known as COVID-19 and has become a global concern. The exponential spread of the COVID-19 pandemic shook up global markets and caused major adjustments to the world economy. In this paper, we investigate whether these changes affected hedge fund return patterns. We decompose hedge fund index returns into Fama-French factors using data from 2017 – 2019 and compare it to decompositions using data from 2020 and 2021 to date. Our empirical results suggest that the Fama-French factor exposures changed on the conventional hedge funds. This has reflected that COVID-19 has an impact on the return patterns of the hedge funds we selected. The findings have implications for investors and major players in the investment markets. Our research is useful for predicting how the performance of hedge funds changes in market disruption.
{"title":"Related Return Patterns Adjustment Under the Impact of COVID-19 on Hedge Funds","authors":"Bokai Wang, Binghui Lan, Jiahui Li, Huiyi Yuan","doi":"10.1145/3572647.3572686","DOIUrl":"https://doi.org/10.1145/3572647.3572686","url":null,"abstract":"The latest threat to global health is an ongoing outbreak of a respiratory disease known as COVID-19 and has become a global concern. The exponential spread of the COVID-19 pandemic shook up global markets and caused major adjustments to the world economy. In this paper, we investigate whether these changes affected hedge fund return patterns. We decompose hedge fund index returns into Fama-French factors using data from 2017 – 2019 and compare it to decompositions using data from 2020 and 2021 to date. Our empirical results suggest that the Fama-French factor exposures changed on the conventional hedge funds. This has reflected that COVID-19 has an impact on the return patterns of the hedge funds we selected. The findings have implications for investors and major players in the investment markets. Our research is useful for predicting how the performance of hedge funds changes in market disruption.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124860722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Digital economy is an important part of realizing the structural optimization and transformation and upgrading of leisure industry structure. Promoting the cross-boundary integrated development of the leisure industry is an inevitable requirement of the social and economic development at the present stage. This paper takes Dongguan as the research area, constructs an evaluation index system of digital economy and leisure industry development, uses entropy weight method to evaluate the comprehensive development level of digital economy and leisure industry, and then analyzes the time variation trend of the coordinated development using coupling coordination degree, relative development model, and correlation analysis model. Results show the following. (1) From 2010 to 2020, the development level of digital economy and leisure industry in Dongguan fluctuates to a good trend. (2) In terms of development trend, from the digital economy lag, leisure industry lag to the synchronous development of both. (3) The coupling coordination shows an upward trend, developing from extreme disorder to mild coordination, but there is still a large room for optimization. Therefore, it is necessary to further improve the high-quality development of digital economy and leisure industry according to local conditions, improve their “coupling coordination degree”, and build a new system of digital leisure industry to realize the sustainable development.
{"title":"The Coupling Effect Between Digital Economy and Urban Leisure Industry: A Time Variation Based Quantitative Analysis","authors":"Dan-dan Yuan, Yijun Zhang","doi":"10.1145/3572647.3572672","DOIUrl":"https://doi.org/10.1145/3572647.3572672","url":null,"abstract":"Digital economy is an important part of realizing the structural optimization and transformation and upgrading of leisure industry structure. Promoting the cross-boundary integrated development of the leisure industry is an inevitable requirement of the social and economic development at the present stage. This paper takes Dongguan as the research area, constructs an evaluation index system of digital economy and leisure industry development, uses entropy weight method to evaluate the comprehensive development level of digital economy and leisure industry, and then analyzes the time variation trend of the coordinated development using coupling coordination degree, relative development model, and correlation analysis model. Results show the following. (1) From 2010 to 2020, the development level of digital economy and leisure industry in Dongguan fluctuates to a good trend. (2) In terms of development trend, from the digital economy lag, leisure industry lag to the synchronous development of both. (3) The coupling coordination shows an upward trend, developing from extreme disorder to mild coordination, but there is still a large room for optimization. Therefore, it is necessary to further improve the high-quality development of digital economy and leisure industry according to local conditions, improve their “coupling coordination degree”, and build a new system of digital leisure industry to realize the sustainable development.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"149 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124365325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
With the adjustment of the world economic structure and the shift of global industries from manufacturing to service industries under the trend of economic globalization, the service trade in the field of international economy and trade has become increasingly important. Service trade has become one of the important factors affecting a country's international competitiveness. At present, Laos' service trade has problems such as irrational industrial structure and weak capital. However, China's service trade development index ranking has remained at the 20th place in the world for three consecutive years, and the overall stability has been maintained. There is great trade complementarity in the service trade between the two countries. Based on the status quo of the service trade between China and Laos under the “One Belt and One Road” initiative, this article uses data analysis methods to study the competitiveness of China-Laos service trade, including China-Laos service trade value, comparative advantage index, trade competition index, and international market share etc., so as to draw the advantages and prospects of the development of China-Laos service trade, and finally put forward countermeasures to promote China-Laos service trade under the "Belt and Road" initiative.
{"title":"An Analysis on the Competitiveness of Service Trade of China and Laos under the \"One Belt and One Road\" Initiative","authors":"L. Hong, Wan-Ting Li","doi":"10.1145/3572647.3572669","DOIUrl":"https://doi.org/10.1145/3572647.3572669","url":null,"abstract":"With the adjustment of the world economic structure and the shift of global industries from manufacturing to service industries under the trend of economic globalization, the service trade in the field of international economy and trade has become increasingly important. Service trade has become one of the important factors affecting a country's international competitiveness. At present, Laos' service trade has problems such as irrational industrial structure and weak capital. However, China's service trade development index ranking has remained at the 20th place in the world for three consecutive years, and the overall stability has been maintained. There is great trade complementarity in the service trade between the two countries. Based on the status quo of the service trade between China and Laos under the “One Belt and One Road” initiative, this article uses data analysis methods to study the competitiveness of China-Laos service trade, including China-Laos service trade value, comparative advantage index, trade competition index, and international market share etc., so as to draw the advantages and prospects of the development of China-Laos service trade, and finally put forward countermeasures to promote China-Laos service trade under the \"Belt and Road\" initiative.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127931026","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In 2019, The outbreak of Corona Virus Disease 2019 (named COVID-19) has caused great changes in the living habits of residents, and the community group buying model has re-emerged. Under the background of community group buying mode, combined with the characteristics of fresh products, and based on the SEVRQUAL model and the national standard of "Logistics Enterprise Cold Chain Service Requirements and Capability Evaluation Indicators", an evaluation index system of cold chain logistics service quality for community group purchase of fresh products with 5 dimensions and 29 indicators is constructed from the perspective of users. Then a 5-level Likert scale was used to design relevant questionnaires, and Xingsheng Youxuan and Meituan Youxuan were used as empirical cases for sample research. Combined collected sample data, the validity and rationality of the index system were tested through reliability, validity testing and factor analysis. The data analysis also shows the problems and influencing factors of Xingsheng Youxuan and Meituan Youxuan in terms of fresh food cold chain logistics service quality, and further suggestions for the development of cold chain logistics services considering product freshness under community group buying is also provided.
{"title":"Research on Cold Chain Logistics Service Quality Evaluation Considering Product Freshness under Community Group Buying","authors":"Hui Ming, Dan Yuan, Huichuan Dai","doi":"10.1145/3572647.3572650","DOIUrl":"https://doi.org/10.1145/3572647.3572650","url":null,"abstract":"In 2019, The outbreak of Corona Virus Disease 2019 (named COVID-19) has caused great changes in the living habits of residents, and the community group buying model has re-emerged. Under the background of community group buying mode, combined with the characteristics of fresh products, and based on the SEVRQUAL model and the national standard of \"Logistics Enterprise Cold Chain Service Requirements and Capability Evaluation Indicators\", an evaluation index system of cold chain logistics service quality for community group purchase of fresh products with 5 dimensions and 29 indicators is constructed from the perspective of users. Then a 5-level Likert scale was used to design relevant questionnaires, and Xingsheng Youxuan and Meituan Youxuan were used as empirical cases for sample research. Combined collected sample data, the validity and rationality of the index system were tested through reliability, validity testing and factor analysis. The data analysis also shows the problems and influencing factors of Xingsheng Youxuan and Meituan Youxuan in terms of fresh food cold chain logistics service quality, and further suggestions for the development of cold chain logistics services considering product freshness under community group buying is also provided.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131910097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Meiryani Meiryani, Michael Evan Lesmana, Justin Nahason, Lindrianasari Lindrianasari, Micheal Wijaya Hadipoespito, Sebastian Prasetya Kresnandita
Technology is developing rapidly in this technological era including businesses. Therefore, the whole population must adapt to the technological change. Adapting to new technology will give a lot of competitive advantages aspect in every business including the small and medium enterprise businesses as it will help the businesses to be more sustainable in the long run. As it is known that most of the SMEs have an essential role in the country's economy growth, especially in developing countries. Therefore, an adaptation to technology is crucial for enterprises to implement. Unfortunately, most of the SMEs have not implemented a risk management system yet which it could create a threat to the sustainability of their enterprises. Risk management itself is important to have for enterprises as it can develop a strategy that is needed to compete with competitor, minimize and control risks from internal and external factor such as fraud, and to make the enterprise itself becoming more sustainable in the long run. The purpose of this study aim is to observe the impact on implementing enterprise risk management (ERM) and determine whether the implementation of risk management could control and minimize fraudulent activity within the enterprises and keeps the company sustainable in the long run.
{"title":"Impact of Enterprise Risk Management Implementation on Fraud Control in Small and Medium Enterprises","authors":"Meiryani Meiryani, Michael Evan Lesmana, Justin Nahason, Lindrianasari Lindrianasari, Micheal Wijaya Hadipoespito, Sebastian Prasetya Kresnandita","doi":"10.1145/3572647.3572698","DOIUrl":"https://doi.org/10.1145/3572647.3572698","url":null,"abstract":"Technology is developing rapidly in this technological era including businesses. Therefore, the whole population must adapt to the technological change. Adapting to new technology will give a lot of competitive advantages aspect in every business including the small and medium enterprise businesses as it will help the businesses to be more sustainable in the long run. As it is known that most of the SMEs have an essential role in the country's economy growth, especially in developing countries. Therefore, an adaptation to technology is crucial for enterprises to implement. Unfortunately, most of the SMEs have not implemented a risk management system yet which it could create a threat to the sustainability of their enterprises. Risk management itself is important to have for enterprises as it can develop a strategy that is needed to compete with competitor, minimize and control risks from internal and external factor such as fraud, and to make the enterprise itself becoming more sustainable in the long run. The purpose of this study aim is to observe the impact on implementing enterprise risk management (ERM) and determine whether the implementation of risk management could control and minimize fraudulent activity within the enterprises and keeps the company sustainable in the long run.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130645405","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The leaders' climate summit was held in 2021 at a time of growing concern about global warming. This paper collected the S&P 500 Kensho Electric Vehicle Index and S&P 500 Kensho Clean Power Index within 255 days, and the event research method was adopted. Explores and compares electric vehicles and clean energy on the U.S. stock market during the climate summit. Through the visualization of empirical results, at a 95% confidence level, we found that the area beyond the confidence interval was minimal, which was not enough to indicate that this event had a significant impact on these two parts. Therefore, further research is still needed, especially during which environmentally friendly policies become essential, and lots of those kinds of policies appear among different countries.
{"title":"Event Studies: The Effect of Leaders’ Summit on Electric Vehicle and Clean Power Market","authors":"Yuhao Zhao, Shih-Pe Wang, Xiaotong Zhang, Zi Yang","doi":"10.1145/3572647.3572685","DOIUrl":"https://doi.org/10.1145/3572647.3572685","url":null,"abstract":"The leaders' climate summit was held in 2021 at a time of growing concern about global warming. This paper collected the S&P 500 Kensho Electric Vehicle Index and S&P 500 Kensho Clean Power Index within 255 days, and the event research method was adopted. Explores and compares electric vehicles and clean energy on the U.S. stock market during the climate summit. Through the visualization of empirical results, at a 95% confidence level, we found that the area beyond the confidence interval was minimal, which was not enough to indicate that this event had a significant impact on these two parts. Therefore, further research is still needed, especially during which environmentally friendly policies become essential, and lots of those kinds of policies appear among different countries.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130446429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In order to face industrial revolution 4.0 auditors must start developing their skills. In the past, auditors have used remote audit only to reach remote places. However, currently Covid-19 comes and encourages even more the use of technology and provides an opportunity to rethink the way audits are conducted. In this study, researchers wanted to know how remote audit, computer literacy and audit software skill has affected audit quality. This research is quantitative in nature, by processing data using primary data obtained from distributing questionnaires to auditors who work at public accounting firms in Jabodetabek. Statistical analysis used multiple linear regression, previously carried out a feasibility test through validity, reliability and classical assumption tests. The results showed that the variables of remote audit, computer literacy and audit software skill had a significant effect on the audit quality.
{"title":"Impact of Remote Audit, Computer Literacy, and Audit Software Skill to Audit Quality during Pandemic of Covid-19","authors":"B. Handoko, Priscillia Freany Natalia Poluan","doi":"10.1145/3572647.3572659","DOIUrl":"https://doi.org/10.1145/3572647.3572659","url":null,"abstract":"In order to face industrial revolution 4.0 auditors must start developing their skills. In the past, auditors have used remote audit only to reach remote places. However, currently Covid-19 comes and encourages even more the use of technology and provides an opportunity to rethink the way audits are conducted. In this study, researchers wanted to know how remote audit, computer literacy and audit software skill has affected audit quality. This research is quantitative in nature, by processing data using primary data obtained from distributing questionnaires to auditors who work at public accounting firms in Jabodetabek. Statistical analysis used multiple linear regression, previously carried out a feasibility test through validity, reliability and classical assumption tests. The results showed that the variables of remote audit, computer literacy and audit software skill had a significant effect on the audit quality.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125580082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The cosmetic industry is currently thriving as people gain satisfaction in purchasing beauty-enhancing products. The purpose of this study is to investigate the impact of eWOM and perceived value on young customers’ purchase intention for open-shelf cosmetics products shopping at physical drugstores. The target respondents ranged from 15 to 24 years old, as the young generation contributes to a large portion of the cosmetic market. 243 valid questionnaires were received from people who have purchased cosmetic products once in six months in Taiwan. The confirmatory factor analysis and structural equation model were adopted to analyze the relationship between three constructs: eWOM, perceived value, and purchase intention. The results suggest that perceived value impacts purchase intention positively and directly, while eWOM impacts purchase intention indirectly. This result regarding the consumer behavior of young customers could be utilized in the cosmetic industry's marketing strategy to enhance the sales profit and product competitiveness.
{"title":"The Impact of Electronic Word of Mouth (eWOM) and Perceived Value on Young Customers’ Purchase Intention for Open-Shelf Cosmetic Products Shopping at Physical Drugstores","authors":"C. Tsai, Shu-Yen Huang","doi":"10.1145/3572647.3572656","DOIUrl":"https://doi.org/10.1145/3572647.3572656","url":null,"abstract":"The cosmetic industry is currently thriving as people gain satisfaction in purchasing beauty-enhancing products. The purpose of this study is to investigate the impact of eWOM and perceived value on young customers’ purchase intention for open-shelf cosmetics products shopping at physical drugstores. The target respondents ranged from 15 to 24 years old, as the young generation contributes to a large portion of the cosmetic market. 243 valid questionnaires were received from people who have purchased cosmetic products once in six months in Taiwan. The confirmatory factor analysis and structural equation model were adopted to analyze the relationship between three constructs: eWOM, perceived value, and purchase intention. The results suggest that perceived value impacts purchase intention positively and directly, while eWOM impacts purchase intention indirectly. This result regarding the consumer behavior of young customers could be utilized in the cosmetic industry's marketing strategy to enhance the sales profit and product competitiveness.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125258240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The area of news-based sentiment is attracting growing attention in finance due to its recognized effect on traders’ sentiment and risk attitudes. Recently, contextualized word embedding models have been increasingly used to detect sentiment in online news. Despite this interest, few studies have considered the finance-specific news sentiment for financial prediction tasks. In this paper, we present a contextualized sentiment analysis model using a state-of-the-art FinBERT language model. We evaluate the performance of the fine-tuned FinBERT sentiment analysis model in the task of EUR/USD currency movement prediction. The results reported here confirm that the fine-tuned FinBERT is more effective than both the existing lexicon-based sentiment approaches and the survey-based Sentix index. In particular, substantial improvement in prediction performance is reported for different prediction horizons, ranging from 1-day-ahead to 180-day-ahead predictions.
{"title":"Predicting Exchange Rate with FinBERT-Based Sentiment Analysis of Online News","authors":"P. Hájek, Josef Novotny, Jaroslav Kovarnik","doi":"10.1145/3572647.3572667","DOIUrl":"https://doi.org/10.1145/3572647.3572667","url":null,"abstract":"The area of news-based sentiment is attracting growing attention in finance due to its recognized effect on traders’ sentiment and risk attitudes. Recently, contextualized word embedding models have been increasingly used to detect sentiment in online news. Despite this interest, few studies have considered the finance-specific news sentiment for financial prediction tasks. In this paper, we present a contextualized sentiment analysis model using a state-of-the-art FinBERT language model. We evaluate the performance of the fine-tuned FinBERT sentiment analysis model in the task of EUR/USD currency movement prediction. The results reported here confirm that the fine-tuned FinBERT is more effective than both the existing lexicon-based sentiment approaches and the survey-based Sentix index. In particular, substantial improvement in prediction performance is reported for different prediction horizons, ranging from 1-day-ahead to 180-day-ahead predictions.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131228179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
K. Deniswara, M. Jonathan, Archie Nathanael Mulyawan, Irvan Santoso
This study aims to analyze the effectiveness of augmented artificial intelligence implementation, which is PwC's GL.ai, in preventing fraudulent financial statement by utilizing Beneish M-Score model. The population of this study is all PwC Indonesia's clients that are listed in Indonesia Stock Exchange for the period of 2017-2021. Purposive sampling is used as sampling procedure and paired sample t-test, effect size statistic, along with statistic descriptive test are applied as the data analysis methods of this study, By utilizing Beneish M-Score model as a proxy to calculate the likelihood of manipulation in companies’ financial statements, this study concludes that the implementation of augmented artificial intelligence, namely PwC's GL.ai is an effective treatment to prevent the probability of fraudulent financial statement from occurring.
{"title":"Analysis on The Effectiveness of Augmented Artificial Intelligence Implementation in Preventing Fraudulent Financial Statement by Utilizing Beneish M-Score Model","authors":"K. Deniswara, M. Jonathan, Archie Nathanael Mulyawan, Irvan Santoso","doi":"10.1145/3572647.3572695","DOIUrl":"https://doi.org/10.1145/3572647.3572695","url":null,"abstract":"This study aims to analyze the effectiveness of augmented artificial intelligence implementation, which is PwC's GL.ai, in preventing fraudulent financial statement by utilizing Beneish M-Score model. The population of this study is all PwC Indonesia's clients that are listed in Indonesia Stock Exchange for the period of 2017-2021. Purposive sampling is used as sampling procedure and paired sample t-test, effect size statistic, along with statistic descriptive test are applied as the data analysis methods of this study, By utilizing Beneish M-Score model as a proxy to calculate the likelihood of manipulation in companies’ financial statements, this study concludes that the implementation of augmented artificial intelligence, namely PwC's GL.ai is an effective treatment to prevent the probability of fraudulent financial statement from occurring.","PeriodicalId":118352,"journal":{"name":"Proceedings of the 2022 6th International Conference on E-Business and Internet","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114217256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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