Pub Date : 2024-04-23DOI: 10.32996/jefas.2024.6.2.11
F. Covaci
The aim of the current study is to determine which models are most suited for forecasting a property's rental price given a variety of provided characteristics and to develop a predictive model using machine learning techniques to estimate the rental prices of apartments in Cluj-Napoca, Romania, in relation to market dynamics. Given the absence of a comprehensive dataset tailored for this specific purpose, a primary focus was placed on data acquisition, cleaning, and transformation processes. By leveraging this dataset, the model aims to provide accurate predictions of fair rental prices within the Cluj-Napoca real estate market. Additionally, the research explores the factors influencing rental prices and evaluates the model's performance against real-world data to assess its practical utility and effectiveness in aiding rental market stakeholders.
{"title":"Machine Learning Empowered Insights into Rental Market Behavior","authors":"F. Covaci","doi":"10.32996/jefas.2024.6.2.11","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.11","url":null,"abstract":"The aim of the current study is to determine which models are most suited for forecasting a property's rental price given a variety of provided characteristics and to develop a predictive model using machine learning techniques to estimate the rental prices of apartments in Cluj-Napoca, Romania, in relation to market dynamics. Given the absence of a comprehensive dataset tailored for this specific purpose, a primary focus was placed on data acquisition, cleaning, and transformation processes. By leveraging this dataset, the model aims to provide accurate predictions of fair rental prices within the Cluj-Napoca real estate market. Additionally, the research explores the factors influencing rental prices and evaluates the model's performance against real-world data to assess its practical utility and effectiveness in aiding rental market stakeholders.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"100 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140669851","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}
Pub Date : 2024-04-17DOI: 10.32996/jefas.2024.6.2.10
Mohammed El-Khodary
The purpose of our study is to examine the impact of money supply, interest rate and inflation rate on the economic growth in Morocco from 1990 to 2020. This research empirically analyzes how the key monetary settings interact and influence Morocco's Gross Domestic Product, using annual data on money supply, interest rates, and inflation sourced from the Moroccan Central Bank and the World Bank development Indicators. To explore the complex interactions and causal effects of the selected macroeconomic indicator on economic growth, we have employed a quantitative analysis based on the Vector Autoregression (VAR) model and cointegration, implemented using the R programming language. The main findings reveal that money supply significantly boosts economic growth, while interest rates have negative effects. Moreover, inflation positively influences short-term economic growth. These insights enhance understanding of the role that monetary policy plays in promoting economic development. This research enriches the academic literature by addressing a gap concerning Morocco’s economic dynamics and guiding policymakers to develop more effective monetary strategies.
我们的研究旨在探讨 1990 至 2020 年间货币供应量、利率和通货膨胀率对摩洛哥经济增长的影响。本研究利用来自摩洛哥中央银行和世界银行发展指标的货币供应量、利率和通货膨胀率年度数据，实证分析了主要货币环境如何相互作用并影响摩洛哥的国内生产总值。为了探索选定的宏观经济指标对经济增长的复杂相互作用和因果效应，我们采用了基于向量自回归（VAR）模型和协整的定量分析，并使用 R 编程语言实现。主要研究结果表明，货币供应量能显著促进经济增长，而利率则会产生负面影响。此外，通货膨胀对短期经济增长有积极影响。这些见解加深了人们对货币政策在促进经济发展方面所起作用的理解。这项研究填补了摩洛哥经济动态方面的空白，为决策者制定更有效的货币战略提供了指导，从而丰富了学术文献。
{"title":"The Impact of Money Supply, Interest Rate and Inflation Rate on Economic Growth: A Case of Morocco","authors":"Mohammed El-Khodary","doi":"10.32996/jefas.2024.6.2.10","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.10","url":null,"abstract":"The purpose of our study is to examine the impact of money supply, interest rate and inflation rate on the economic growth in Morocco from 1990 to 2020. This research empirically analyzes how the key monetary settings interact and influence Morocco's Gross Domestic Product, using annual data on money supply, interest rates, and inflation sourced from the Moroccan Central Bank and the World Bank development Indicators. To explore the complex interactions and causal effects of the selected macroeconomic indicator on economic growth, we have employed a quantitative analysis based on the Vector Autoregression (VAR) model and cointegration, implemented using the R programming language. The main findings reveal that money supply significantly boosts economic growth, while interest rates have negative effects. Moreover, inflation positively influences short-term economic growth. These insights enhance understanding of the role that monetary policy plays in promoting economic development. This research enriches the academic literature by addressing a gap concerning Morocco’s economic dynamics and guiding policymakers to develop more effective monetary strategies.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":" 21","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140691302","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}
Pub Date : 2024-04-11DOI: 10.32996/jefas.2024.6.2.8
Md Sumon Gazi, N. Gurung, Anik Mitra, Md Rokibul Hasan
Organizations in the USA are progressively employing AI-driven dynamic pricing as a strategic intervention to flexibly modify their prices based on competition, market demand, and various other factors. This research paper focused on the ethical dimensions of AI-driven dynamic pricing and the crucial interplay between profitability and the establishment of unwavering consumer transparency and fairness. The recommended models for dynamic pricing solutions entailed ensemble learning methods, notably, XG-Boost, Light-GBM, Cat-Boost, and X-NGBoost models. Particularly, the proposed model consolidated the XG-Boost algorithm and the NG-Boost model, resulting in a novel methodology termed the X-NGBoost. To compare and contrast the performance of the proposed models, these algorithms were trained and subjected to the same dataset. The comparison between the models was mainly grounded on the root-mean-square error (RMSE) metric, which was quantified in meters. The results indicated that X-NGBoost had the lowest RMSE on both the testing and training sets, at 4.23 and 5.34 respectively. This indicated that X-NGBoost performed very well on both seen and unseen data. Therefore, from the outcomes it was deduced that, for the provided data set, the X-NGBoost model provided the accurate pricing solution.
{"title":"Ethical Considerations in AI-driven Dynamic Pricing in the USA: Balancing Profit Maximization with Consumer Fairness and Transparency","authors":"Md Sumon Gazi, N. Gurung, Anik Mitra, Md Rokibul Hasan","doi":"10.32996/jefas.2024.6.2.8","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.8","url":null,"abstract":"Organizations in the USA are progressively employing AI-driven dynamic pricing as a strategic intervention to flexibly modify their prices based on competition, market demand, and various other factors. This research paper focused on the ethical dimensions of AI-driven dynamic pricing and the crucial interplay between profitability and the establishment of unwavering consumer transparency and fairness. The recommended models for dynamic pricing solutions entailed ensemble learning methods, notably, XG-Boost, Light-GBM, Cat-Boost, and X-NGBoost models. Particularly, the proposed model consolidated the XG-Boost algorithm and the NG-Boost model, resulting in a novel methodology termed the X-NGBoost. To compare and contrast the performance of the proposed models, these algorithms were trained and subjected to the same dataset. The comparison between the models was mainly grounded on the root-mean-square error (RMSE) metric, which was quantified in meters. The results indicated that X-NGBoost had the lowest RMSE on both the testing and training sets, at 4.23 and 5.34 respectively. This indicated that X-NGBoost performed very well on both seen and unseen data. Therefore, from the outcomes it was deduced that, for the provided data set, the X-NGBoost model provided the accurate pricing solution.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"97 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140713530","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}
Pub Date : 2024-04-11DOI: 10.32996/jefas.2024.6.2.9
Yuxue Wang
The ultimate goal of studying high-end customer loyalty is to identify their shortcomings in customer maintenance and provide appropriate service marketing guidelines for public and private banks. This study selected the high-end customer groups of Agricultural Bank of China and Hengfeng Bank as specific research objects and collected a total of 380 data for mean, standard deviation, and correlation analysis. Through statistical analysis of data, it was found that high-end customers have varying degrees of perception towards service quality, perceived value, and customer satisfaction. There is a positive correlation between potential factors of customer loyalty and various dimensions to varying degrees. In order to improve the correlation between variables, this study provides relevant suggestions for public and private banks from three aspects: service quality, perceived value, and customer satisfaction, guiding them to maintain and improve the loyalty of high-end customers to financial institutions.
{"title":"High-end Customers Loyalty among Selected Public and Private Banks in Yantai City, Shandong Province, China: A Service Marketing Guide for Financial Institutions","authors":"Yuxue Wang","doi":"10.32996/jefas.2024.6.2.9","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.9","url":null,"abstract":"The ultimate goal of studying high-end customer loyalty is to identify their shortcomings in customer maintenance and provide appropriate service marketing guidelines for public and private banks. This study selected the high-end customer groups of Agricultural Bank of China and Hengfeng Bank as specific research objects and collected a total of 380 data for mean, standard deviation, and correlation analysis. Through statistical analysis of data, it was found that high-end customers have varying degrees of perception towards service quality, perceived value, and customer satisfaction. There is a positive correlation between potential factors of customer loyalty and various dimensions to varying degrees. In order to improve the correlation between variables, this study provides relevant suggestions for public and private banks from three aspects: service quality, perceived value, and customer satisfaction, guiding them to maintain and improve the loyalty of high-end customers to financial institutions.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"31 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140716253","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}
Pub Date : 2024-03-29DOI: 10.32996/jefas.2024.6.2.6
Tri Sulastri, Rilla Gantino
This study aims to determine the effect of financial literacy on materialism, compulsive buying, indebtedness, and saving behavior. In addition, it determines the influence of materialism on compulsive buying and indebtedness, as well as compulsive buying on indebtedness among civil servants and private employees in the Jakarta area, especially those of millennial age. Data collection was carried out online using a Likert scale. The population in this study was composed of private employees and civil servants working in the Jakarta area, with a total of 538 respondents. The research method used is quantitative research with SEM-Lisrel analysis. The results of this study show that high financial literacy (FL) is not able to reduce the level of indebtedness (I) among civil servants and private employees. High materialism (M) correlated with increased levels of indebtedness (I) in both groups of workers. High compulsive buying (CB) only has the effect of increasing indebtedness (I) in civil servants but does not apply to private employees. High materialism (M) encourages an increase in the rate of compulsive buying (CB) in civil servants but not in private employees. Furthermore, it was found that high financial literacy (FL) has the potential to reduce materialism (M) in civil servants but does not apply to private employees. Meanwhile, high financial literacy (FL) also has a positive impact on reducing compulsive buying (CB) behavior in civil servants and private employees. However, financial literacy (FL) does not have a positive influence on saving behavior (SB) among civil servants and private employees. Furthermore, in terms of comparison between private employees and civil servants, this study shows that private employees tend to have higher levels of materialism and compulsive buying compared to civil servants. However, there were no significant differences in levels of financial literacy, indebtedness, or saving behavior between the two groups. The findings mean that efforts to improve financial literacy and reduce debt levels could be undertaken with similar approaches for both groups.
{"title":"Comparison of the Effects of Financial Literacy on the Financial Behavior of Civil Servants and Private Employees at Millennial Age","authors":"Tri Sulastri, Rilla Gantino","doi":"10.32996/jefas.2024.6.2.6","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.6","url":null,"abstract":"This study aims to determine the effect of financial literacy on materialism, compulsive buying, indebtedness, and saving behavior. In addition, it determines the influence of materialism on compulsive buying and indebtedness, as well as compulsive buying on indebtedness among civil servants and private employees in the Jakarta area, especially those of millennial age. Data collection was carried out online using a Likert scale. The population in this study was composed of private employees and civil servants working in the Jakarta area, with a total of 538 respondents. The research method used is quantitative research with SEM-Lisrel analysis. The results of this study show that high financial literacy (FL) is not able to reduce the level of indebtedness (I) among civil servants and private employees. High materialism (M) correlated with increased levels of indebtedness (I) in both groups of workers. High compulsive buying (CB) only has the effect of increasing indebtedness (I) in civil servants but does not apply to private employees. High materialism (M) encourages an increase in the rate of compulsive buying (CB) in civil servants but not in private employees. Furthermore, it was found that high financial literacy (FL) has the potential to reduce materialism (M) in civil servants but does not apply to private employees. Meanwhile, high financial literacy (FL) also has a positive impact on reducing compulsive buying (CB) behavior in civil servants and private employees. However, financial literacy (FL) does not have a positive influence on saving behavior (SB) among civil servants and private employees. Furthermore, in terms of comparison between private employees and civil servants, this study shows that private employees tend to have higher levels of materialism and compulsive buying compared to civil servants. However, there were no significant differences in levels of financial literacy, indebtedness, or saving behavior between the two groups. The findings mean that efforts to improve financial literacy and reduce debt levels could be undertaken with similar approaches for both groups.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"61 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140366045","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}
Pub Date : 2024-03-28DOI: 10.32996/jefas.2024.6.2.2.5
Dr. Adiba Abdelbage, Lecturer Mohammed Saad, Dr. Fatima Ahmed, Alhadi Ahmed
The research aims to identify the responsibility of accounting and its role in evaluating the performance efficiency of the different administrative levels, which helps to guide the management decisions towards the treatment of deviations. The research was based on the premise that "the use of responsibility accounting system leads to the performance evaluation in Institutes of Technical Education Commission", where the commission includes (44) foundations from which there are (27) technical institutes in various managerial, technological and medical competencies. And its ability to achieve the strategic objectives and their suitability as a fundamental means to achieve the desired objectives, which aims to provide management with feedback information about the effectiveness of the departments (responsibility centres), it was reached a set of findings and recommendations compared with the system used in the institutes of commission (governmental accounting). Its most important is the excellent structure, an effective system of periodic reports (performance reports and control reports) and a good incentive system.
{"title":"Responsibility Accounting and its Tole in Evaluating Performance at Administrative Levels: Applied Research in Sudanese Universities","authors":"Dr. Adiba Abdelbage, Lecturer Mohammed Saad, Dr. Fatima Ahmed, Alhadi Ahmed","doi":"10.32996/jefas.2024.6.2.2.5","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.2.5","url":null,"abstract":"The research aims to identify the responsibility of accounting and its role in evaluating the performance efficiency of the different administrative levels, which helps to guide the management decisions towards the treatment of deviations. The research was based on the premise that \"the use of responsibility accounting system leads to the performance evaluation in Institutes of Technical Education Commission\", where the commission includes (44) foundations from which there are (27) technical institutes in various managerial, technological and medical competencies. And its ability to achieve the strategic objectives and their suitability as a fundamental means to achieve the desired objectives, which aims to provide management with feedback information about the effectiveness of the departments (responsibility centres), it was reached a set of findings and recommendations compared with the system used in the institutes of commission (governmental accounting). Its most important is the excellent structure, an effective system of periodic reports (performance reports and control reports) and a good incentive system.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"83 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140371056","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}
Pub Date : 2024-03-27DOI: 10.32996/jefas.2024.6.2.5
Samuel Aidoo, Eric Nombare, Jacob Yeboah Boamah
This study focused on examining how board size, board independence, and board expertise relate to the financial performance of manufacturing companies listed on the Ghana Stock Exchange, considering the moderating role of board commitment. The study population had to do with the listed manufacturing firms in Ghana. This study employed a quantitative research method along with a causal research design. Secondary data (panel) were gathered from the annual financial reports of seven listed manufacturing companies from 2010 to 2022. It was discovered that board size has an insignificant effect on the financial performance (return on asset and return on equity) of listed manufacturing companies in Ghana. Board independence and expertise positively and significantly affect the financial performance of listed manufacturing firms in Ghana. This study found a positive but insignificant moderating effect of board commitment on board size and return on asset nexus. However, board commitment positively and significantly affects board independence and return on asset nexus, board expertise and return on asset nexus, board size and return on equity nexus, board independence and return on equity nexus, and board expertise and return on equity nexus. This study is the first to examine the moderating effect of board commitment on how board size, independence, and expertise relate to the financial performance of listed manufacturing companies. Aligned with the findings, we recommend that the management of listed manufacturing companies implement effective measures to improve the independence, expertise, and commitment of the board of directors.
{"title":"Board Size, Board Independence, Board Expertise and the Financial Performance of Listed Manufacturing Firms in Ghana: Does Board Commitment Play a Role?","authors":"Samuel Aidoo, Eric Nombare, Jacob Yeboah Boamah","doi":"10.32996/jefas.2024.6.2.5","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.5","url":null,"abstract":"This study focused on examining how board size, board independence, and board expertise relate to the financial performance of manufacturing companies listed on the Ghana Stock Exchange, considering the moderating role of board commitment. The study population had to do with the listed manufacturing firms in Ghana. This study employed a quantitative research method along with a causal research design. Secondary data (panel) were gathered from the annual financial reports of seven listed manufacturing companies from 2010 to 2022. It was discovered that board size has an insignificant effect on the financial performance (return on asset and return on equity) of listed manufacturing companies in Ghana. Board independence and expertise positively and significantly affect the financial performance of listed manufacturing firms in Ghana. This study found a positive but insignificant moderating effect of board commitment on board size and return on asset nexus. However, board commitment positively and significantly affects board independence and return on asset nexus, board expertise and return on asset nexus, board size and return on equity nexus, board independence and return on equity nexus, and board expertise and return on equity nexus. This study is the first to examine the moderating effect of board commitment on how board size, independence, and expertise relate to the financial performance of listed manufacturing companies. Aligned with the findings, we recommend that the management of listed manufacturing companies implement effective measures to improve the independence, expertise, and commitment of the board of directors.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"83 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140376202","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}
Pub Date : 2024-03-11DOI: 10.32996/jefas.2024.6.2.4
Jingyi Li
Since the resumption of customs between Hong Kong and the Mainland, exchanges between the two places have become increasingly close. With the stabilisation of connectivity between the two places and the recovery of the Mainland economy, the transaction volume of Hong Kong's real estate market has been rising. This paper compares and analyzes the real estate development in Hong Kong and the mainland, on the one hand, analyzes the real estate development history of the two places, in particular, focuses on the impact of key historical events and policies on Hong Kong's real estate, and on the other hand, compares the development status of real estate in the two places in recent years, so as to understand the characteristics and development trends of the real estate markets in the two places, and provides reference for policy formulation and investment decision-making in the context of the close connection between the real estate in the two places after the reopening of the border. At the same time, it looks forward to the development trend of real estate in Hong Kong and mainland China, predicts possible challenges and opportunities, and puts forward reasonable policy suggestions and coping strategies. The results of the study show that the development of real estate in the Mainland is more affected by the political environment and is different from that of Hong Kong in terms of economy, policy and society; the lack of land supply has become an inevitable trend in both places, and it is necessary to solve the problem in a multi-faceted manner.
{"title":"A Comparative Study and Analysis of the History and Recent Development of Real Estate in Hong Kong and the Mainland","authors":"Jingyi Li","doi":"10.32996/jefas.2024.6.2.4","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.4","url":null,"abstract":"Since the resumption of customs between Hong Kong and the Mainland, exchanges between the two places have become increasingly close. With the stabilisation of connectivity between the two places and the recovery of the Mainland economy, the transaction volume of Hong Kong's real estate market has been rising. This paper compares and analyzes the real estate development in Hong Kong and the mainland, on the one hand, analyzes the real estate development history of the two places, in particular, focuses on the impact of key historical events and policies on Hong Kong's real estate, and on the other hand, compares the development status of real estate in the two places in recent years, so as to understand the characteristics and development trends of the real estate markets in the two places, and provides reference for policy formulation and investment decision-making in the context of the close connection between the real estate in the two places after the reopening of the border. At the same time, it looks forward to the development trend of real estate in Hong Kong and mainland China, predicts possible challenges and opportunities, and puts forward reasonable policy suggestions and coping strategies. The results of the study show that the development of real estate in the Mainland is more affected by the political environment and is different from that of Hong Kong in terms of economy, policy and society; the lack of land supply has become an inevitable trend in both places, and it is necessary to solve the problem in a multi-faceted manner.","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140252312","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}
Pub Date : 2024-03-07DOI: 10.32996/jefas.2024.6.2.3
Jia Hu
The financial crisis caused by the subprime mortgage crisis in the United States in 2006 has deeply plunged many Western capitalist countries into multiple political, economic and social crises. This has forced many financial institutions in developed countries to redistribute their assets to strengthen the stability of financial institutions, forcing many Europeans and Americans to return funds to their own countries. As a result, the domestic currency depreciated, and the economic growth slowed down or even went into recession. As an emerging economy, China has been faced with both opportunities and challenges. The financial market has long been regarded as the "barometer" of the national economy, so the deepening relationship, such as the research and cooperation between the financial markets in Hong Kong and the Mainland, can certainly improve the international financial status of both sides. It also promotes the process of building a fair, orderly and inclusive new international order. This paper systematically introduces the political and financial relations between Hong Kong and the Mainland, focusing on the relationships between Shanghai-Hong Kong and Guangdong-Hong Kong financial centers and advocating some suggestions on how to balance the relationship between the three financial centers while speeding up the construction of the national financial center. Using a variety of financial theories and statistics of Hang Seng AH Share Premium Index and Centaline City Leading Index, etc., this paper reaches the conclusion that the financial relationships between the Mainland and Hong Kong have always been close, while the differences between the two markets are more pronounced, steps can definitely be taken to benefit both of them (Zhu, 2013).
{"title":"Financial Relations between Hong Kong and the Mainland","authors":"Jia Hu","doi":"10.32996/jefas.2024.6.2.3","DOIUrl":"https://doi.org/10.32996/jefas.2024.6.2.3","url":null,"abstract":"The financial crisis caused by the subprime mortgage crisis in the United States in 2006 has deeply plunged many Western capitalist countries into multiple political, economic and social crises. This has forced many financial institutions in developed countries to redistribute their assets to strengthen the stability of financial institutions, forcing many Europeans and Americans to return funds to their own countries. As a result, the domestic currency depreciated, and the economic growth slowed down or even went into recession. As an emerging economy, China has been faced with both opportunities and challenges. The financial market has long been regarded as the \"barometer\" of the national economy, so the deepening relationship, such as the research and cooperation between the financial markets in Hong Kong and the Mainland, can certainly improve the international financial status of both sides. It also promotes the process of building a fair, orderly and inclusive new international order. This paper systematically introduces the political and financial relations between Hong Kong and the Mainland, focusing on the relationships between Shanghai-Hong Kong and Guangdong-Hong Kong financial centers and advocating some suggestions on how to balance the relationship between the three financial centers while speeding up the construction of the national financial center. Using a variety of financial theories and statistics of Hang Seng AH Share Premium Index and Centaline City Leading Index, etc., this paper reaches the conclusion that the financial relationships between the Mainland and Hong Kong have always been close, while the differences between the two markets are more pronounced, steps can definitely be taken to benefit both of them (Zhu, 2013).","PeriodicalId":508227,"journal":{"name":"Journal of Economics, Finance and Accounting Studies","volume":"50 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140258849","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}
Pub Date : 2024-03-06DOI: 10.32996/jefas.2024.6.2.2
Adiba Abdelbage Mohammed Saad, Fatima Ahmed Alhadi Ahmed
The study reviews committees and their role in improving the external audit quality through examining a case study of Sudanese banks. The study problem can be formulated from the following questions: Is there a relation between the independence of the audit committees and the quality of the external audit process? The impact of the expertise and knowledge of the members of the review committees in improving the quality of the external audit the importance of scientific research in bridging the gap in the studies that dealt with the audit committees and linking them to the quality of external audit stems from the importance of the study of the vital role played by the review committees in strengthening the quality of external audit. The study's objective is to know the role of the review committees in improving the quality of the external audit and clarify the theoretical framework of the review committees. To achieve the study's objectives, the following hypotheses were formulated: There is a statistically significant relationship between the independence of the review committees and the improvement of the quality of the external audit. There is a statistically significant relationship between the experience and knowledge of the members of the review committees and the improvement of the quality of the external audit and external audit quality. The study adopted the descriptive analytical method using the statistical package for social sciences (SPSS). The study of the selection of members of the Audit Committee by the shareholders and with the participation of the Board of Directors leads to the improvement of the quality of the external audit, the selection of members of the Committee from non-executive members leading to the improvement of the quality of external audit. The study concluded with some recommendations. It recommended that the Audit Committee be increased in the bank in additional training sessions to improve the quality of the external audit. Specific conditions must be specified to penalize the Audit Committee in the event of persistent participation in financial and administrative corruption affecting the quality of the external audit.
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