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The impact of FinTech firms on bank performance: evidence from the UK 金融科技公司对银行业绩的影响:来自英国的证据
Q2 BUSINESS Pub Date : 2023-09-26 DOI: 10.1108/emjb-04-2023-0099
Apostolos Dasilas, Goran Karanović
Purpose This study examines the impact of financial technology (FinTech) on bank performance employing data from the United Kingdom (UK) banking sector for a period spanning from 2010 to 2019. Design/methodology/approach This study employs static as well as dynamic panel data regression analysis to assess the impact of FinTech on the profitability of UK banks. Findings The results show that FinTech firms positively impact bank performance. For every new FinTech firm introduced into the UK market, net interest margin (NIM) and yield on earning assets (YEA) increase by 6.385 and 3.192% of their sample means, respectively. Practical implications Cooperating with FinTech firms, UK banks can broaden their portfolio of financial services offered to their customers and optimize their profit margins. Originality/value This is the first study that examines the impact of FinTech on bank profitability employing data from a developed market.
本研究利用2010年至2019年期间英国银行业的数据,研究了金融科技(FinTech)对银行绩效的影响。本研究采用静态和动态面板数据回归分析来评估金融科技对英国银行盈利能力的影响。研究结果表明,金融科技公司对银行绩效产生了积极影响。对于每一家进入英国市场的新金融科技公司,净息差(NIM)和盈利资产收益率(YEA)分别增加了样本均值的6.385%和3.192%。与金融科技公司合作,英国银行可以扩大其向客户提供的金融服务组合,并优化其利润率。这是首个利用来自发达市场的数据考察金融科技对银行盈利能力影响的研究。
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引用次数: 0
Forecasting Bitcoin returns using machine learning algorithms: impact of investor sentiment 使用机器学习算法预测比特币回报:投资者情绪的影响
Q2 BUSINESS Pub Date : 2023-09-18 DOI: 10.1108/emjb-03-2023-0086
Fatma Ben Hamadou, Taicir Mezghani, Ramzi Zouari, Mouna Boujelbène-Abbes
Purpose This study aims to assess the predictive performance of various factors on Bitcoin returns, used for the development of a robust forecasting support decision model using machine learning techniques, before and during the COVID-19 pandemic. More specifically, the authors investigate the impact of the investor's sentiment on forecasting the Bitcoin returns. Design/methodology/approach This method uses feature selection techniques to assess the predictive performance of the different factors on the Bitcoin returns. Subsequently, the authors developed a forecasting model for the Bitcoin returns by evaluating the accuracy of three machine learning models, namely the one-dimensional convolutional neural network (1D-CNN), the bidirectional deep learning long short-term memory (BLSTM) neural networks and the support vector machine model. Findings The findings shed light on the importance of the investor's sentiment in enhancing the accuracy of the return forecasts. Furthermore, the investor's sentiment, the economic policy uncertainty (EPU), gold and the financial stress index (FSI) are the top best determinants before the COVID-19 outbreak. However, there was a significant decrease in the importance of financial uncertainty (FSI and EPU) during the COVID-19 pandemic, proving that investors attach much more importance to the sentimental side than to the traditional uncertainty factors. Regarding the forecasting model accuracy, the authors found that the 1D-CNN model showed the lowest prediction error before and during the COVID-19 and outperformed the other models. Therefore, it represents the best-performing algorithm among its tested counterparts, while the BLSTM is the least accurate model. Practical implications Moreover, this study contributes to a better understanding relevant for investors and policymakers to better forecast the returns based on a forecasting model, which can be used as a decision-making support tool. Therefore, the obtained results can drive the investors to uncover potential determinants, which forecast the Bitcoin returns. It actually gives more weight to the sentiment rather than financial uncertainties factors during the pandemic crisis. Originality/value To the authors’ knowledge, this is the first study to have attempted to construct a novel crypto sentiment measure and use it to develop a Bitcoin forecasting model. In fact, the development of a robust forecasting model, using machine learning techniques, offers a practical value as a decision-making support tool for investment strategies and policy formulation.
本研究旨在评估各种因素对比特币回报的预测性能,用于在COVID-19大流行之前和期间使用机器学习技术开发稳健的预测支持决策模型。更具体地说,作者调查了投资者情绪对预测比特币回报的影响。设计/方法/方法该方法使用特征选择技术来评估不同因素对比特币回报的预测性能。随后,作者通过评估三种机器学习模型的准确性,即一维卷积神经网络(1D-CNN),双向深度学习长短期记忆(BLSTM)神经网络和支持向量机模型,开发了比特币回报的预测模型。研究结果揭示了投资者情绪对提高收益预测准确性的重要性。此外,投资者情绪、经济政策不确定性(EPU)、黄金和金融压力指数(FSI)是新冠疫情爆发前的最佳决定因素。然而,在2019冠状病毒病大流行期间,金融不确定性(FSI和EPU)的重要性显著下降,证明投资者更重视情感方面,而不是传统的不确定性因素。在预测模型精度方面,作者发现1D-CNN模型在COVID-19之前和期间的预测误差最低,优于其他模型。因此,它代表了其测试的同类算法中性能最好的算法,而BLSTM是最不准确的模型。此外,本研究有助于投资者和政策制定者更好地理解基于预测模型的收益预测,并可作为决策支持工具。因此,获得的结果可以驱动投资者发现潜在的决定因素,预测比特币的回报。在大流行危机期间,它实际上更重视情绪,而不是金融不确定性因素。据作者所知,这是第一个试图构建一种新的加密情绪测量方法并将其用于开发比特币预测模型的研究。事实上,利用机器学习技术开发一个强大的预测模型,作为投资策略和政策制定的决策支持工具,具有实用价值。
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引用次数: 0
Generation Z's attitudes toward virtual tourism: the impact of implicit and explicit attitudes Z世代对虚拟旅游的态度:内隐和外显态度的影响
Q2 BUSINESS Pub Date : 2023-09-14 DOI: 10.1108/emjb-05-2023-0135
Paula Rodrigues, Ana Sousa, Ana Pinto Borges
Purpose The aim of this study is to evaluate the implicit and explicit attitudes of Generation Z (Gen Z) individuals toward the experience of visiting and getting to know traditional or virtual museums. Design/methodology/approach Two studies were conducted. The first study assesses the implicit attitudes of Gen Z individuals through Implicit Association Tests (IAT) toward the experience of visiting traditional versus virtual museums. Considering the results of the study one, the second study proposes and validates a conceptual model through PLS-SEM approach about the explicit attitudes of this generation toward virtual museums. Findings In the first study, it was found that virtual museums are more successful at engaging and immersing participants than traditional museums for Gen Z. The second study emphasized the significance of meeting Gen Z expectations and ensuring effortless access to information in virtual experiences as this can lead to increased satisfaction and inspiration among this generation. Originality/value The originality of this study lies in its focus on Gen Z's attitudes toward virtual museums and the use of both implicit and explicit attitude measures to gain a comprehensive understanding of these attitudes. An interesting aspect emerges from the implicit attitudes displayed by Gen Z, indicating their preference for virtual museums as more captivating compared to traditional ones.
本研究的目的是评估Z世代(Gen Z)个人对参观和了解传统或虚拟博物馆的体验的内隐和外显态度。设计/方法/方法进行了两项研究。第一项研究通过内隐联想测试(IAT)评估Z世代个人对参观传统博物馆和虚拟博物馆的内隐态度。考虑到第一项研究的结果,第二项研究通过PLS-SEM方法提出并验证了这一代人对虚拟博物馆的明确态度的概念模型。在第一项研究中,研究人员发现,虚拟博物馆比传统博物馆更能吸引Z世代的参与者,并让他们沉浸其中。第二项研究强调了满足Z世代期望的重要性,并确保在虚拟体验中轻松获取信息,因为这可以提高这一代人的满意度和灵感。独创性/价值本研究的独创性在于关注Z世代对虚拟博物馆的态度,并使用内隐和外显态度测量来全面了解这些态度。Z世代表现出的含蓄态度中出现了一个有趣的方面,表明他们对虚拟博物馆的偏好比传统博物馆更有吸引力。
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引用次数: 0
Do women on boards matter for corporate social responsibility reporting? Evidence from Palestine 女性董事对企业社会责任报告有影响吗?来自巴勒斯坦的证据
Q2 BUSINESS Pub Date : 2023-09-12 DOI: 10.1108/emjb-02-2023-0053
Yousef Hassan
Purpose Content analysis was used to measure corporate social responsibility (CSR) reporting. The ordinary least squares (OLS) regressions with robust standard errors are used to examine the relationships for a sample of 168 firm-year observations listed on the Palestine Exchange during 2018–2021. A logistic regression is also utilized as an alternative measurement for CSR quantity disclosure and to ensure the robustness of the author’s main findings. Design/methodology/approach Based on 168 observations listed on the Palestine Exchange (PEX) between 2018 and 2021, this study examines the impact of women's representation on the CSR reporting of Palestinian firms' boards. Moreover, the moderating effect of ownership concentration on the relationship between BGD and CSR reporting is examined. In order to test the hypotheses, the author’s employ OLS regressions with robust standard errors. A logistic regression is also utilized as an alternative measurement for CSR quantity disclosure and to ensure the robustness of the author’s main findings. Findings The results reveal that Palestinian companies with more women on their boards have higher CSR practices and disclosure levels. In addition to the validity of agency, stakeholder and legitimacy theories, the findings show the relevance of gender socialization and critical mass theories in explaining the favorable influence of women's presentation on boards in promoting best practices among Palestinian firms, such as CSR disclosure. Research limitations/implications The study contributes to the limited literature in the MENA and Arab region countries by examining the influence of BGD on CSR reporting in Palestine, an emerging economy characterized by highly political and economic instability. The study offers a novel contribution by examining the impact of BGD, on not only the CSR reporting quantity but also the reporting quality. However, the generalizability of the study is limited due to the small sample size. Practical implications The findings of the study may bring the issues of CSR disclosure and female representation on board of directors to the attention of Palestinian firms' board of directors and managers, investors, professional associations, policymakers and regulators. While listed firms are only required to provide general information that falls under the scope of CSR in their annual reports under the Palestinian code of corporate governance, women representation on boards of directors is not addressed. Originality/value This study adds to the very limited literature on the role of the BGD in promoting CSR reporting in the Middle Eastern and Arabic markets in general, and in the Palestinian context in particular. This paper not only investigates but also seeks to theorize this role.
目的运用内容分析法对企业社会责任(CSR)报告进行衡量。使用具有稳健标准误差的普通最小二乘(OLS)回归来检验2018-2021年在巴勒斯坦交易所上市的168个公司年观测样本的关系。逻辑回归也被用作CSR数量披露的替代测量,以确保作者主要发现的稳健性。基于2018年至2021年在巴勒斯坦交易所(PEX)上市的168项观察,本研究考察了女性代表对巴勒斯坦公司董事会社会责任报告的影响。此外,本文还考察了股权集中度对企业经营绩效与企业社会责任报告关系的调节作用。为了检验假设,作者采用具有稳健标准误差的OLS回归。逻辑回归也被用作CSR数量披露的替代测量,以确保作者主要发现的稳健性。研究结果显示,董事会中女性成员较多的巴勒斯坦公司的企业社会责任实践和信息披露水平较高。除了机构、利益相关者和合法性理论的有效性外,调查结果还表明,性别社会化和临界质量理论在解释妇女进入董事会对促进巴勒斯坦公司的最佳做法(如企业社会责任披露)产生的有利影响方面具有相关性。研究局限/影响本研究通过考察BGD对巴勒斯坦(一个政治和经济高度不稳定的新兴经济体)的企业社会责任报告的影响,对中东和北非和阿拉伯地区国家有限的文献作出了贡献。该研究提供了一个新颖的贡献,通过检查BGD的影响,不仅对企业社会责任报告的数量,而且报告的质量。然而,由于样本量小,研究的普遍性受到限制。该研究的结果可能会引起巴勒斯坦公司董事会和经理、投资者、专业协会、政策制定者和监管机构对企业社会责任披露和董事会女性代表问题的注意。虽然根据巴勒斯坦公司管理守则,上市公司只需要在年度报告中提供属于企业社会责任范围的一般资料,但没有涉及妇女在董事会中的代表性问题。独创性/价值本研究补充了关于BGD在促进中东和阿拉伯市场,特别是巴勒斯坦市场的企业社会责任报告方面的作用的非常有限的文献。本文不仅对这一作用进行了调查,而且试图将其理论化。
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引用次数: 0
Adoption of blockchain technology in hospitality and tourism industry and sustainability performance: impact of technological turbulence and senior leadership support 区块链技术在酒店和旅游业的应用和可持续发展绩效:技术动荡和高层领导支持的影响
IF 5.2 Q2 BUSINESS Pub Date : 2023-08-30 DOI: 10.1108/emjb-04-2023-0128
Ranjan Chaudhuri, Sheshadri Chatterjee, D. Vrontis
PurposeThe rapid increase of use of online platforms by the customers in the hospitality and tourism industry has invited the needs for using digital platforms by the concerned industry. In such a scenario, the purpose of this study is to examine how adoption of blockchain technology in hospitality and tourism industry could impact the sustainability performance of the organizations under the moderating influence of technological turbulence and senior leadership support.Design/methodology/approachWith the help of existing literature, stakeholder theory and dynamic capability view (DCV), a theoretical model is proposed. It was validated using the PLS-SEM technique with 311 respondents who have different managerial positions in the hospitality and tourism industry. The proposed theoretical model is unique and effective as it has high explanatory power.FindingsThe study demonstrates the importance of adopting BCT in the hospitality and tourism sector and how it could improve the sustainability performance of organizations in that sector. This study also finds that there is a significant moderating impact of technological turbulence and senior leadership support on such organizations that adopt BCT.Research limitations/implicationsThis study provides valuable inputs to practitioners in the industry by showing how adopting BCT can improve their sustainability performance. The study also demonstrates that leaders and the managers should support adopting BCT in their organizations and they can help to overcome any technological challenges that might come up while adopting it.Originality/valueThe present study proposes a unique theoretical model which was also validated using a statistical approach. Moreover, both stakeholder theory and dynamic capability view were integrated to propose the theoretical model, which is a novel attempt so far as adoption of BCT in hospitality and tourism industry is concerned.
目的酒店和旅游业客户对在线平台的使用迅速增加,引发了相关行业对使用数字平台的需求。在这种情况下,本研究的目的是研究在技术动荡和高级领导支持的缓和影响下,区块链技术在酒店和旅游业的应用如何影响组织的可持续发展绩效。设计/方法论/方法借助现有文献、利益相关者理论和动态能力观,提出了一个理论模型。使用PLS-SEM技术对311名在酒店和旅游业担任不同管理职位的受访者进行了验证。所提出的理论模型具有很高的解释力,具有独特性和有效性。研究结果该研究表明了在酒店和旅游业采用BCT的重要性,以及它如何提高该行业组织的可持续性绩效。本研究还发现,技术动荡和高级领导层的支持对采用BCT的组织有显著的调节作用。研究局限性/含义本研究通过展示采用BCT如何提高其可持续性绩效,为行业从业者提供了宝贵的投入。该研究还表明,领导者和管理者应该支持在其组织中采用BCT,他们可以帮助克服在采用BCT时可能出现的任何技术挑战。独创性/价值本研究提出了一个独特的理论模型,该模型也使用统计方法进行了验证。此外,将利益相关者理论和动态能力观相结合,提出了该理论模型,这是BCT在酒店业和旅游业应用的一次新尝试。
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引用次数: 1
Role of passion in entrepreneurial responses to crises on social media platforms 激情在企业家应对社交媒体平台危机中的作用
IF 5.2 Q2 BUSINESS Pub Date : 2023-08-22 DOI: 10.1108/emjb-12-2022-0210
Samira Boussema
PurposeThis study examines the role of passion in gender-specific entrepreneurial responses in times of crises and how passion manifests itself in a digital environment. Entrepreneurial passion feeds energy, tenacity, self-confidence and momentum, creating added value for a given economy.Design/methodology/approachA qualitative approach was used to conduct semi-structured interviews. To reach the research objectives, the author examined a sample of 22 female entrepreneurs and 19 male entrepreneurs in a comparative design.FindingsThe results obtained through a qualitative study prove that entrepreneurial passion is a driver of self-confidence for entrepreneurs. Moreover, the nature of entrepreneurial passion differs across gender in times of crises. Indeed, female entrepreneurs try to take their lives into their own hands by creating their own destinies. They have seized opportunities arising from purely technological progress to create their own businesses on social networks and solve the unemployment problem. Meanwhile, male entrepreneurs pursue opportunities based on market supply and demand to increase their market share and face a crisis.Practical implicationsThese findings offer novel insights into research on social media entrepreneurs. This study could help new entrepreneurs highlight their abilities, particularly those that are most salient and central.Originality/valueThis study adds a new dimension to the literature on the role and nature of entrepreneurial passion in times of crises.
目的本研究考察了激情在危机时期特定性别创业反应中的作用,以及激情如何在数字环境中表现出来。创业激情激发能量、坚韧、自信和动力,为特定经济创造附加值。设计/方法/方法采用定性方法进行半结构化访谈。为了达到研究目的,作者对22名女性企业家和19名男性企业家进行了比较设计。研究结果通过一项定性研究得出的结果证明,创业激情是企业家自信的驱动力。此外,在危机时期,创业激情的性质因性别而异。事实上,女性企业家试图通过创造自己的命运,将自己的生活掌握在自己手中。他们抓住了纯粹技术进步带来的机会,在社交网络上创建了自己的企业,并解决了失业问题。与此同时,男性企业家根据市场供求关系寻找机会,以提高市场份额,并面临危机。实际含义这些发现为社交媒体企业家的研究提供了新的见解。这项研究可以帮助新企业家突出他们的能力,尤其是那些最突出和最核心的能力。独创性/价值这项研究为关于危机时期创业激情的作用和性质的文献增加了一个新的维度。
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引用次数: 0
High commitment HRM and well-being of frontline food service employees: the mediating roles of job demands and psychological conditions 高承诺人力资源管理与一线餐饮服务员工幸福感:工作需求和心理条件的中介作用
IF 5.2 Q2 BUSINESS Pub Date : 2023-08-21 DOI: 10.1108/emjb-01-2023-0019
Kujtim Hameli, Bujamin Bela
PurposeThis study aims to examine the relationship between high commitment human resource management (HCHRM) practices and employee well-being in the food service industry, with a focus on the mediating roles of job demands and psychological conditions.Design/methodology/approachA survey was conducted among 296 frontline employees in the food service industry, and the data were analyzed using structural equation modeling (SEM) in AMOS ver26.FindingsThe results showed that HCHRM practices do not directly affect employee well-being. However, psychological conditions play a crucial role in mediating the relationship between HCHRM practices and employee well-being. Specifically, the psychological conditions of meaningfulness and availability significantly predicted work engagement and mediated the relationship between HCHRM practices and employee well-being. On the other hand, job demands did not mediate the relationship between HCHRM practices and employee well-being.Research limitations/implicationsAlthough the study addressed common method variance, the cross-sectional nature of the data limits the ability to infer causal relationships among variables. Future studies could adopt a longitudinal research design to investigate the causal relationships among variables. In addition, the study recommends that managers in the food service industry adopt HCHRM practices and provide necessary psychological conditions to promote employee well-being.Originality/valueThis study extends the current literature on HCHRM and employee well-being in the food service industry by providing new insights into the mediating role of psychological conditions. The findings suggest that HCHRM practices can indirectly promote employee well-being through the enhancement of psychological conditions. These insights could help managers in the food service industry to design effective HRM strategies that foster employee well-being and reduce turnover.
目的本研究旨在检验食品服务行业高承诺人力资源管理(HCHRM)实践与员工幸福感之间的关系,重点研究工作需求和心理状况的中介作用。设计/方法/方法对296名食品服务行业的一线员工进行了调查,并使用AMOS ver26中的结构方程建模(SEM)对数据进行了分析。结果表明,六氯环己烷的做法不会直接影响员工的幸福感。然而,心理条件在调解人权专员的做法与员工幸福感之间的关系方面发挥着至关重要的作用。具体而言,有意义和可用性的心理条件显著预测了工作参与度,并调节了HCHRM实践与员工幸福感之间的关系。另一方面,工作需求并不能调节人权专员的做法与员工福祉之间的关系。研究局限性/含义尽管该研究涉及常见方法方差,但数据的横截面性质限制了推断变量之间因果关系的能力。未来的研究可以采用纵向研究设计来调查变量之间的因果关系。此外,该研究建议食品服务行业的管理人员采用HCHRM的做法,并提供必要的心理条件来促进员工的幸福感。独创性/价值这项研究通过对心理条件的中介作用提供新的见解,扩展了当前关于食品服务行业HCHRM和员工幸福感的文献。研究结果表明,HCHRM的做法可以通过改善心理状况间接促进员工的幸福感。这些见解可以帮助食品服务行业的管理者设计有效的人力资源管理战略,促进员工福祉并减少人员流动。
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引用次数: 0
Vicenarian of workplace incivility: a bibliometric analysis and systematic review 职场不文明的百岁老人:文献计量分析与系统回顾
IF 5.2 Q2 BUSINESS Pub Date : 2023-08-15 DOI: 10.1108/emjb-08-2022-0143
Aditi Gupta, Ranjan Chaudhuri, Apoorva Apoorva, Swati Chaudhary, A. Thrassou, Georgia Sakka, Balakrishna Grandhi
PurposeThe purpose of this paper is twofold: first is to map and analyse prominent contributions, current dynamics, patterns, gaps and research prospects in the field of workplace incivility (WI); second is to provide a coherent theoretical research framework for future research.Design/methodology/approachThis study adopts a two-step analysis approach by combining bibliometric analysis and systematic literature review to explore the research topic of WI, besides, using multiple methodologies including bibliometric, network and content analyses.FindingsThis study found that L. M. Cortina and M. S. Hershcovis are the top two most influential authors among all authors in the sample publications. Journal of Occupational Health Psychology is one of the top-ranking journal that often publishes this topic of articles. USA and The Bowling Green State University are the most influential country and institutions, respectively. Besides, burnout and retention are also common keywords were identified based on keywords co-occurrence map, showing that WI has a major impact on burnout and employee retention. Based on the above analysis, this paper constructed a theoretical research framework of WI.Research limitations/implicationsThis paper only draw data from one database—Scopus—which cannot provide broad coverage of the research topic. WI research trends and trajectories may be assessed to enable academics and practitioners better understand the current and future trends and research directions. Future studies in this field might use the findings as a starting point to highlight the nature of the topic.Originality/valueThis study is the first to use an systematic literature review (SLR) to evaluate the association between WI and other organizational behaviour. The study contributions are fourfold, extending the work and overcoming the methodologies of prior research that only focussed on characteristics of incivility in nursing. In addition, this paper presents an in-depth analysis of this topic and provides a comprehensive theoretical research framework for future study.
目的本文的目的有两个:一是绘制和分析工作场所不文明(WI)领域的突出贡献、当前动态、模式、差距和研究前景;二是为今后的研究提供一个连贯的理论研究框架。设计/方法论/方法本研究采用文献计量分析和系统文献综述相结合的两步分析方法,探索WI的研究主题,并采用文献计量、网络和内容分析等多种方法。发现这项研究发现,L.M.Cortina和M.S.Hershcovis是样本出版物中最具影响力的两位作者。《职业健康心理学杂志》是经常发表这一主题文章的顶级期刊之一。美国和鲍林格林州立大学分别是最具影响力的国家和机构。此外,基于关键词共现图,倦怠和保留也是常见的关键词,表明WI对倦怠和员工保留有重要影响。基于以上分析,本文构建了WI的理论研究框架。研究局限性/含义本文仅从Scopus一个数据库中提取数据,无法提供对研究主题的广泛覆盖。可以评估WI的研究趋势和轨迹,使学者和从业者更好地了解当前和未来的趋势和研究方向。该领域未来的研究可能会以这些发现为起点,突出该主题的性质。原创性/价值本研究首次使用系统文献综述(SLR)来评估WI与其他组织行为之间的关联。这项研究的贡献是四倍的,扩展了工作范围,克服了以前只关注护理中不文明特征的研究方法。此外,本文对本课题进行了深入分析,为今后的研究提供了一个全面的理论研究框架。
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引用次数: 0
Benefits of IPSAS and their differences from IFRS: a discussion paper 《国际公共部门会计准则》的好处及其与《国际财务报告准则》的区别:一份讨论文件
IF 5.2 Q2 BUSINESS Pub Date : 2023-08-14 DOI: 10.1108/emjb-07-2022-0139
Gerasimos G. Rompotis, D. Balios
PurposeThis paper tries to shed light on the international progress regarding the adoption of International Public Sector Accounting Standards (IPSAS), to accentuate the benefits resulting from the application of IPSAS, and to highlight the main differences between IPSAS and IFRS.Design/methodology/approachA comprehensive literature review is conducted which focuses on issues concerning the factors that induce the adoption of IPSAS, the obstacles that must be overcome, the degree of IPSAS’ proliferation worldwide, the repercussions from adopting IPSAS, the benefits of IPSAS, and the differences between IPSAS and IFRS. The selection process of the cited articles focuses on journals with high rankings in the ABS list.FindingsIt is accentuated that IPSAS carry significant benefits regarding the improved quality of the financial information reported by the public sector, the enhancement of transparency and accountability, the upgrading of the decision-making process and the restored trust in public finances. However, there is more work that needs to be done toward the global proliferation of IPSAS.Practical implications This study provides insights regarding the implementation process of IPSAS, which should be useful to all the parties engaged in the reform of the public administration, such as national governments, local or international regulators, accounting standard setters and institutional organizations.Originality/valueThe current study clarifies whether the public sector should move from using the business focused IFRS, as it is frequently the case, to the adoption of IPSAS. In addition, this study comprehensive literature review can be used by academics and researchers as a basis for further research on the issue. More importantly, policymakers and other officials who need to make informed decisions about financial reporting issues at the government level and the public sector in general can benefit from this study.
目的本文试图阐明在采用国际公共部门会计准则方面取得的国际进展,以强调应用公共部门会计标准所带来的好处,并强调《国际公共部门会计准则》与《国际财务报告准则》之间的主要区别。设计/方法/方法进行了一次全面的文献审查,重点关注以下问题:促使采用《国际公共部会计准则》的因素、必须克服的障碍、,以及《公共部门会计准则》与《国际财务报告准则》之间的差异。被引用文章的选择过程集中在ABS榜单中排名靠前的期刊上。调查结果强调,公共部门会计准则在提高公共部门报告的财务信息质量、提高透明度和问责制、升级决策过程以及恢复对公共财政的信任方面具有重大好处。然而,要实现《公共部门会计准则》在全球的普及,还需要做更多的工作。实际影响这项研究提供了关于《公共部门审计准则》实施过程的见解,这对参与公共行政改革的所有各方,如国家政府、地方或国际监管机构、,会计准则制定者和机构组织。独创性/价值当前的研究阐明了公共部门是否应该从使用以业务为重点的《国际财务报告准则》转向采用《国际公共部门会计准则》。此外,本研究的综合文献综述可供学术界和研究人员作为进一步研究该问题的基础。更重要的是,需要在政府层面和公共部门就财务报告问题做出知情决定的政策制定者和其他官员可以从这项研究中受益。
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引用次数: 1
Do financial constraints affect the CEO stock options remuneration? Evidence from a panel threshold model 财务约束是否会影响CEO的股票期权薪酬?来自面板阈值模型的证据
IF 5.2 Q2 BUSINESS Pub Date : 2023-08-09 DOI: 10.1108/emjb-10-2022-0193
Sedki Zaiane, Halim Dabbou, M. Gallali
PurposeThe purpose of this study is to examine the nonlinear relationship between financial constraints and the chief executive officer (CEO) stock options compensation and to analyze whether the impact of financial constraints on the CEO stock options compensation changes at certain level of financial constraints or not.Design/methodology/approachThis study is based on a sample of 90 French firms for the period extending from 2008 to 2019. To deal with the non-linearity, the authors use a panel threshold method.FindingsUsing different measures of financial constraints [KZ index (Baker et al., 2003), SA index (Hadlock and Pierce, 2010) and FCP index (Schauer et al., 2019)], the results reveal that the impact of the financial constraints (SA index and FCP index) is positive below the threshold value and it becomes negative above.Research limitations/implicationsThe non-linearity between financial constraints and CEO stock options shows that the level of financial constraints can be a major determinant of the CEO compensation structure. More specifically, this study sheds light on the key role played by the level of financial constraints and how this latter influence management decisions.Originality/valueThis paper is the first to the best of the authors' knowledge to examine the nonlinear relationship between financial constraints and the CEO stock options compensation using a panel threshold model.
目的研究财务约束与首席执行官股票期权薪酬之间的非线性关系,分析财务约束对CEO股票期权薪酬的影响是否在一定程度的财务约束下发生变化。设计/方法论/方法本研究基于2008年至2019年期间90家法国公司的样本。为了处理非线性,作者使用了面板阈值法。结果使用不同的财务约束测度[KZ指数(Baker et al.,2003)、SA指数(Hadlock and Pierce,2010)和FCP指数(Schauer et al.,2019)],结果表明,财务约束的影响(SA指数和FCP指标)在阈值以下为正,在阈值以上为负。研究局限性/含义财务约束与CEO股票期权之间的非线性表明,财务约束水平可能是CEO薪酬结构的主要决定因素。更具体地说,这项研究揭示了财务约束水平所起的关键作用,以及后者如何影响管理决策。独创性/价值本文首次使用面板阈值模型研究了财务约束与CEO股票期权薪酬之间的非线性关系。
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引用次数: 1
期刊
EuroMed Journal of Business
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