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FINANCIAL DISTRESS PREDICTION COMPETENCE OF THE ALTMAN Z SCORE AND ZMIJEWSKI MODEL: EVIDENCE FROM SELECTED ZIMBABWE STOCK EXCHANGE FIRMS 阿尔特曼 Z 分数和兹米耶夫斯基模型的财务困境预测能力:来自选定的津巴布韦证券交易所公司的证据
Pub Date : 2024-06-01 DOI: 10.17261/pressacademia.2024.1892
Kudakwashe Mavengere, Phathisani Gumede
Purpose- The study aimed to assess the predictive competence of Zmijewski X score and Altman Z score in detecting financial distress in two manufacturing companies that are listed on the Zimbabwe Stock Exchange. The purpose of the study was to ascertain which of the two models is better at foretelling financial distress. The study's conclusions may aid in improving practitioners' and academics' comprehension of the relative benefits of each model and their ability to forecast financial trouble and bankruptcy.Methodology- The Altman Z score model was employed in the study as a yardstick measure to differentiate between the safe (Z >2.99), grey (1.81 < Z < 2.99), and distress (Z < 1.81) zones for manufacturing organisations. An entity would be classified as bankrupt (X >0) or non-bankrupt (X <0) based on the Zmijewski X score, which was also employed in the research. Two manufacturing businesses registered on the Zimbabwe Stock Exchange made up the sample size for this study, which was carried out between 2010 and 2017. The research was dependent on secondary data gleaned from the two companies' financial statements.Findings- Manufacturing firm 1's Z-score placed the firm in the distress zone in 2010 and the grey zone in the years 2011 to 2012. From 2010 until 2017, Manufacturing Company 2 experienced financial difficulties. The two manufacturing enterprises under investigation did not exhibit bankruptcy, according to the X-score statistics. According to the study's findings, the Z-score is a better indicator of financial difficulty in emerging nations than the X-score. The Altman Z score and Zmijewski X score models are both useful in predicting financial distress in firms. However, a limitation of these models is that they constitute different financial ratios (Z-score with 5 ratios and X-score 3 ratios) and interpretation. Despite this limitation, these models are still key in unearthing financial distress in firms.Conclusion- The study concludes that the Altman Z score is superior to the Zmijewski X score in predicting financial distress in developing countries. The Altman Z score model uses 5 financial ratios to predict whether a company has a high probability of becoming insolvent. The Zmijewski X score model uses 3 financial ratios to predict bankruptcy. The study’s findings are important for investors in protecting their investments as the model can help with informed decision making in terms of future prospects of the firm in terms of bankruptcy. There have been cases where an auditor provides an unqualified opinion of the financial statements of an entity only for the entity to be declared bankrupt after the release of the financial statements. Therefore, models such as the Altman Z score can aid in protecting investor loss as the tool can be used to determine bankruptcy, a key signal to divest from the company.
目的--本研究旨在评估 Zmijewski X 分数和 Altman Z 分数在检测两家在津巴布韦证券交易所上市的制造公司财务困境方面的预测能力。研究的目的是确定这两个模型中哪一个更能预测财务困境。研究结论可帮助从业人员和学者更好地理解每种模型的相对优势及其预测财务困境和破产的能力。 方法--研究中采用 Altman Z 分数模型作为衡量标准,以区分制造业组织的安全区(Z >2.99)、灰色区(1.81 < Z <2.99)和困境区(Z <1.81)。根据研究中采用的 Zmijewski X 分数,一个实体将被划分为破产(X >0)或非破产(X <0)。在津巴布韦证券交易所(Zimbabwe Stock Exchange)注册的两家制造业企业构成了本研究的样本量,研究时间为 2010 年至 2017 年。研究依赖于从这两家公司的财务报表中收集的二手数据。研究结果--制造公司 1 的 Z 值在 2010 年处于困境区,在 2011 年至 2012 年处于灰色区。从 2010 年到 2017 年,制造企业 2 出现了财务困难。根据 X 分数统计,被调查的两家制造企业并未表现出破产。根据研究结果,Z 评分比 X 评分更能反映新兴国家的财务困境。Altman Z 分数和 Zmijewski X 分数模型都有助于预测企业的财务困境。然而,这些模型的局限性在于它们构成了不同的财务比率(Z 评分有 5 个比率,X 评分有 3 个比率)和解释。尽管存在这一局限性,但这些模型仍是发现企业财务困境的关键。结论--研究得出结论,在预测发展中国家的财务困境方面,Altman Z 分数优于 Zmijewski X 分数。Altman Z 评分模型使用 5 个财务比率来预测一家公司是否很有可能破产。Zmijewski X 评分模型使用 3 个财务比率来预测破产。研究结果对投资者保护其投资非常重要,因为该模型有助于在公司破产的未来前景方面做出明智的决策。曾有过这样的案例:审计师对某实体的财务报表出具了无保留意见,但该实体却在财务报表发布后被宣布破产。因此,Altman Z 分数等模型可以帮助保护投资者的损失,因为该工具可用于确定破产,这是撤资的关键信号。
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引用次数: 0
TRACING THE MAGNITUDE OF PUBLICATION ON CORPORATE SOCIAL RESPONSIBILITY 2010-2023: A BIBLIOMETRICS ANALYSIS 追踪 2010-2023 年有关企业社会责任的出版物的规模:文献计量学分析
Pub Date : 2024-06-01 DOI: 10.17261/pressacademia.2024.1890
Sarita Panchal, Pyla Naryan Rao
Purpose- This study is designed to examine the bibliometrics analysis of existing studies with VOSviewer to provide a perspective to researchers who will work on corporate social responsibility. The objective of this study to investigates current trend in this area of research, what the related concepts are that affect CSR and to investigate the literature in this context. Methodology- The current research study was selected in the span of 2010 to 2023 and the total number of research papers published during this period was 235. Findings- The results of analysis determine that first study dealing with CSR theme was published in 1991. Afterwards, another study was published in 2003, 2006, 2008,2009,2010,2012,2013,11 studies were published in 2015 and 14 studies in 2016. After 2022 number of studies increased, 24 countries are represented in this research topic. It is observed that the prominent countries are China (29), Spain (23), United States (23), and Malaysia (19). In keyword analysis, the keywords that appeared most were Corporate social responsibility (total link strength 237) Financial performance (total link strength 166) Economic and social effect (total link strength 124).Conclusion- The study indicates that CSR has become a buzzword in the business world. Companies are not only expected to be profitable but also to be ethical and socially conscious. When a company integrates CSR into their business operation both social and financial target becomes easier and resulting in better financial performance.
目的-- 本研究旨在利用 VOSviewer 对现有研究进行文献计量学分析,为从事企业社会责任研究的研究人员提供一个视角。本研究的目的是调查这一研究领域的当前趋势,影响企业社会责任的相关概念是什么,并调查这方面的文献。研究方法--本次研究选取的时间跨度为 2010 年至 2023 年,在此期间发表的研究论文总数为 235 篇。研究结果--分析结果表明,第一份涉及企业社会责任主题的研究发表于 1991 年。此后,2003 年、2006 年、2008 年、2009 年、2010 年、2012 年、2013 年分别发表了另一项研究,2015 年发表了 11 项研究,2016 年发表了 14 项研究。在 2022 年研究数量增加后,有 24 个国家参与了这一研究课题。据观察,突出的国家有中国(29)、西班牙(23)、美国(23)和马来西亚(19)。在关键词分析中,出现最多的关键词是企业社会责任(总链接强度 237)、财务绩效(总链接强度 166)、经济和社会效应(总链接强度 124)。公司不仅要盈利,还要有道德和社会意识。当公司将企业社会责任融入其业务运营时,社会和财务目标都会变得更加容易,从而带来更好的财务业绩。
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引用次数: 0
PERFORMANCE OF DIA AND FORWARD-LOOKING OPTIMAL PORTFOLIOS OF DOW STOCKS DOW股票的DIA和前瞻性最佳投资组合的业绩
Pub Date : 2024-06-01 DOI: 10.17261/pressacademia.2024.1891
Geungu Yu
Purpose- This paper compares the performance of DIA, trailing optimal portfolio and forward-looking optimal portfolio constructed from a pool of DOW stocks, applying a modified contrarian portfolio construction to the forward-looking optimization. The modified contrarian optimization of this study is based on the premise that loser stocks, in the short run, would have reversal performance and become winner stocks in the short-run future. The investigative question is: Do forward-looking optimal portfolios of DOW stocks perform better than trailing optimal portfolios of DOW stocks in the short run after DJIA hit the year's lowest point in 2022?Methodology- To answer the investigative question, this study compares the short-run performance of forward-looking optimal portfolios with the performance of trailing optimal portfolios. Elton, Gruber, and Padberg (1987) originally introduced the optimal portfolio technique.Findings- The primary focus was on the case related to September 30, 2022, when DJIA hit the lowest level in 2022. To get the trend analysis of the cases of DJIA hitting the lowest level of the year, this study examined two comparable findings, having examined the performance properties of trailing vs. forward-looking optimal portfolios using the same method. One examined the case related to March 23, 2020, and another examined the case related to December 24, 2018. It finds a robust performance of DIA compared to the performance of two forms of optimal portfolios. It also finds that forward-looking optimal portfolios performed better than trailing optimal portfolios regarding the average performance of three cases.Conclusion- It concludes the potential usefulness of DIA as evidence of the market efficiency of DOW stocks. At the same time, forward-looking optimal portfolios for short-run investment in DOW stocks are a viable alternative to investing in the DIA.
目的--本文比较了由 DOW 股票池构建的 DIA、跟踪最优投资组合和前瞻性最优投资组合的表现,并对前瞻性优化应用了修正的逆向投资组合构建。本研究中的修正逆向优化是基于这样一个前提,即短期内亏损股票会有反转表现,并在未来短期内成为赢家股票。研究的问题是在道琼斯工业平均指数于 2022 年创下年内最低点后,道琼斯工业平均指数股票的前瞻性最优投资组合在短期内的表现是否优于道琼斯工业平均指数股票的追踪性最优投资组合? 方法-- 为了回答这个问题,本研究比较了前瞻性最优投资组合和追踪性最优投资组合的短期表现。Elton、Gruber 和 Padberg(1987 年)最初提出了最优投资组合技术。研究结果- 主要关注与 2022 年 9 月 30 日道琼斯工业平均指数达到 2022 年最低水平相关的案例。为了对道琼斯工业平均指数触及当年最低水平的案例进行趋势分析,本研究考察了两个具有可比性的研究结果,即使用相同方法考察了跟踪型最优投资组合与前瞻型最优投资组合的绩效属性。其中一个研究了 2020 年 3 月 23 日的相关情况,另一个研究了 2018 年 12 月 24 日的相关情况。研究发现,与两种形式的最优投资组合相比,DIA 的表现更为稳健。研究还发现,就三种情况的平均表现而言,前瞻性最优投资组合的表现优于追踪性最优投资组合。同时,用于短期投资 DOW 股票的前瞻性最优投资组合是投资 DIA 的可行替代方案。
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引用次数: 0
EXAMINING THE NEXUS BETWEEN CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND EARNINGS MANAGEMENT: EVIDENCE FROM THE STATE-OWNED ENTERPRISES OF BANGLADESH 研究企业社会责任信息披露与收益管理之间的关系:来自孟加拉国国有企业的证据
Pub Date : 2024-06-01 DOI: 10.17261/pressacademia.2024.1899
Raihan Sobhan, Touhida Sharmin
Purpose- The purpose of the study is to examine the association between corporate social responsibility (CSR) disclosure and the practice of earnings management in the listed state-owned enterprises (SOEs) of Bangladesh. Methodology- All the listed SOEs (17 firms) of Dhaka Stock Exchange (DSE) for the years 2017-2022 were considered in the study, resulting in observations of 102 firm-years. Content analysis was used to assess the level of CSR disclosure in the annual reports. For measuring earnings management, Beneish M-score model was used as the proxy variable. To investigate the association between CSR disclosure and earnings management, multivariate regression analysis was conducted using pooled OLS model, random effects model and lag model. Findings- The regression outcomes of the study found a positive and significant association between CSR disclosure and earnings management. This study shows how managers can use CSR disclosures as a competitive advantage by manipulating earnings while also fostering positive relationships with stakeholders. Conclusion- Investors and governments alike are increasingly demanding ethical business practices and full disclosure from corporations. The study concludes that managers' opportunistic behavior is a primary motivation for using CSRD to cover their tracks. This study will provide valuable insights to the policy-makers, regulators, investors and other stakeholders on how CSR reporting can be used as a medium to hide management’s manipulative practices and, why it is important to implement a more comprehensive guideline on CSR reporting and effective governance to eliminate such practices.
目的--本研究旨在探讨企业社会责任(CSR)披露与孟加拉国上市国有企业(SOEs)收益管理实践之间的关联。方法-- 本研究考虑了达卡证券交易所(DSE)2017-2022 年的所有上市国有企业(17 家公司),共观察了 102 个公司年。研究采用内容分析法评估年报中的企业社会责任披露水平。在衡量收益管理时,使用了 Beneish M-score 模型作为替代变量。为了研究企业社会责任信息披露与收益管理之间的关联,使用集合 OLS 模型、随机效应模型和滞后模型进行了多元回归分析。研究结果--回归结果表明,企业社会责任信息披露与收益管理之间存在显著的正相关关系。这项研究表明,管理者可以利用企业社会责任信息披露作为一种竞争优势,在操纵收益的同时与利益相关者建立积极的关系。结论-- 投资者和政府对企业道德商业行为和全面信息披露的要求越来越高。本研究得出结论,经理人的机会主义行为是利用 CSRD 隐藏踪迹的主要动机。本研究将为政策制定者、监管者、投资者和其他利益相关者提供有价值的见解,帮助他们了解企业社会责任报告如何被用作掩盖管理层操纵行为的媒介,以及为什么必须实施更全面的企业社会责任报告准则和有效治理来消除此类行为。
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引用次数: 0
BANK TECHNICAL EFFICIENCY OF COUNTRY GROUPS: A META-REGRESSION ANALYSIS 国家集团的银行技术效率:元回归分析
Pub Date : 2024-06-01 DOI: 10.17261/pressacademia.2024.1898
Neylan Kaya
Purpose- This study endeavors to examine studies using Data Envelopment Analysis in calculating the banking sector efficiency across country groups and to determine the factors affecting their technical efficiency through meta-regression analysis. Methodology- As of November 22, 2023, relevant works were systematically reviewed using Web of Science, Scopus, and Google Scholar. The literature review employed a comprehensive search encompassing all files with the keywords such as ‘‘technical efficiency (All Field) AND bank (All Field)’’. The research process adhered to the PRISMA guidelines. This study reviewed all studies published between 1932 and 2023 identifying 64599 studies in the initial scan by the author. The author independently scrutinized the titles, abstracts, keywords, text, and references of all manuscripts to mitigate selection bias and reveal whether eligibility criteria were met. Exclusions from the scope encompassed duplicate downloads, papers, books and book chapters, together with studies having low quality scores, no full-text versions, and those that are irrelevant to the subject. Findings- The results of meta-regression analysis revealed that the data collection year of the studies and the income groups of the countries did not have an impact on the mean technical efficiency. The number of banks, number of observations, publication year, and number of countries were statistically significant on the mean technical efficiency estimate.Conclusion- The study further standardized variables and methodological assumptions used in bank sector efficiency studies within country groups through meta-regression analysis. Empirical findings in the literature were combined. This study enhances accessibility to the existing body of knowledge for researchers in the field
目的--本研究旨在考察使用数据包络分析法计算各国银行业效率的研究,并通过元回归分析确定影响其技术效率的因素。研究方法--截至 2023 年 11 月 22 日,利用 Web of Science、Scopus 和 Google Scholar 系统地查阅了相关著作。文献综述采用了全面搜索的方法,包括所有以"'技术效率(所有领域)和银行(所有领域)'"为关键词的文件。研究过程遵循了 PRISMA 准则。本研究审查了 1932 年至 2023 年间发表的所有研究,在作者的初步扫描中确定了 64599 项研究。作者独立仔细检查了所有手稿的标题、摘要、关键词、正文和参考文献,以减少选择偏倚并揭示是否符合资格标准。排除范围包括重复下载、论文、书籍和书籍章节,以及质量分数低、无全文版本和与主题无关的研究。研究结果--元回归分析的结果显示,研究数据的收集年份和国家的收入组别对平均技术效率没有影响。结论--本研究通过元回归分析进一步规范了国家组内银行业效率研究中使用的变量和方法假设。文献中的实证研究结果得到了整合。这项研究提高了该领域研究人员对现有知识体系的可及性。
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引用次数: 0
THE INFLUENCE OF SOCIAL MEDIA ON TANZANIAN HIGHER LEARNING STUDENTS PERFORMANCE 社交媒体对坦桑尼亚高校学生学习成绩的影响
Pub Date : 2024-06-01 DOI: 10.17261/pressacademia.2024.1885
Dominic Nkolimwa
Purpose- This study aimed to analyze the influence of social media on Tanzanian higher learning students’ performance. It specifically examined the influence of social media on students' academic performance.Methodology- The multiple regression analysis was used to analyze data collected from the Institute of Social Work where 94 questionnaires were involved in the field.Findings- Three hypotheses were tested and results demonstrated that the Benefit of Using Social Media and Academic Performance (BUSM) and the Effect of Using Social Media and Academic Performance (EUSM) have a positive influence on both dimensions of academic performance while Awareness of Time Wastage on Social Media (ATWSM) reviled that there is no relationship with students’ academic performance.Conclusion- Therefore, this article concludes that despite the significant influence of social media, students should make proper use of social media to improve academic performance.
目的--本研究旨在分析社交媒体对坦桑尼亚高等院校学生学习成绩的影响。方法--采用多元回归分析法分析从社会工作学院收集到的数据,其中涉及 94 份实地调查问卷。研究结果--对三个假设进行了检验,结果表明,使用社交媒体的益处与学业成绩(BUSM)和使用社交媒体的影响与学业成绩(EUSM)对学业成绩的两个维度都有积极影响,而社交媒体上的时间浪费意识(ATWSM)则证明与学生的学业成绩没有关系。
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引用次数: 0
MAIN FACTORS AFFECTING THE FINANCIAL STRUCTURE OF ENTERPRISES 影响企业财务结构的主要因素
Pub Date : 2024-06-01 DOI: 10.17261/pressacademia.2024.1887
Mehmet Akif Demir
Purpose- The purpose of this study is to reveal which main elements affect financial structures within the fields of activity of businesses and the rules they must comply with.Methodology- In order to carry out profitable and efficient activities in business life, complying with laws and regulations, ensuring safety, trust and motivation among employees, regulating employees' rights, wages and personal development have been tried to be revealed with economic information. The harmony of capital owners, managers and employees and the importance of experience and knowledge in making the company financially profitable are explained.Findings- Occupational health and safety have been determined as the order of the working environment, advanced technological infrastructure, support of communication and cooperation, allocation of meeting and rest areas, implementation of policies that make employees valuable, exchange of information in crises, elements based on experience and knowledge that shape and direct international business life. In addition, detection of errors, arrangements between departments, elimination of negativities due to the time effect, positive contribution of employees to business activities, efficient use of financial instruments and development and implementation of audit mechanisms were also found to be important.Conclusion- The problems created by the incompatibility between business life and managerial elements should be sought and solutions should be sought with new working models to eliminate these problems. It is clear that the financial structure of companies will improve, and they will become profitable with the cooperation between employees and managers.
研究目的--本研究旨在揭示影响企业活动领域内财务结构的主要因素及其必须遵守的规则。研究方法--为了在企业生活中开展盈利和高效的活动,试图通过经济信息揭示遵守法律法规、确保安全、员工之间的信任和积极性、规范员工权利、工资和个人发展等问题。研究结果--职业健康和安全已被确定为工作环境的秩序、先进的技术基础设施、对交流与合作的支持、会议和休息区的分配、使员工有价值的政策的实施、危机中的信息交流、基于经验和知识的要素,这些都塑造并指导着国际商业生活。此外,发现错误、部门之间的安排、消除时间效应带来的负面影响、员工对业务活动的积极贡献、有效利用金融工具以及制定和实施审计机制也很重要。很明显,企业的财务结构将得到改善,企业将在员工和管理者的合作下实现盈利。
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引用次数: 0
Examining the relationship between bitcoin and altcoins 研究比特币与另类币之间的关系
Pub Date : 2024-02-01 DOI: 10.17261/pressacademia.2023.1864
Esra Aksoylu
Purpose- The purpose of this study is to examine the long and short-term relationship between Bitcoin and altcoins selected based on their market capitalization through an empirical analysis. For this purpose, the daily data of Bitcoin and nine altcoins consisting of Ether, Ripple, Tether, Litecoin, Monero, Stellar, Dash, Nem, Dogecoin for the period 07/08/2015-08/01/2020 were used.Methodology- The long-run relationship between Bitcoin and altcoins is first analyzed by Vector Autoregression (VAR) analysis. Granger causality test was utilized to determine the short-run causality relationship between the variables. The tests were conducted with the Eviews program.Findings- According to the results of the VAR analysis conducted to investigate the long-run relationship, there is a long-run relationship between Dogecoin, Dash, Litecoin, Nem, Stellar and Ripple and Bitcoin. After determining the long-run relationship between the variables, the relationships between the variables were analyzed with the help of impulse response functions. Impulse response function shows the effect of a one-unit shock to one variable on the other variable. Accordingly, when the results of impulse response functions are analyzed; it is seen that a one-unit random shock in Bitcoin has a negative effect on Ripple, Nem, Litecoin, Dash, Litecoin, Dogecoin in the first two periods, the effect decreases in the second period, and this effect disappears in the third period. A random shock to Bitcoin causes a positive effect on Stellar that lasts for two periods. This positive effect ends in the third period. After analyzing the relationship between Bitcoin and altcoins with impulse response functions, the source of the changes in the variance of the variables is analyzed through variance decomposition. According to the variance decomposition results, the effect of Bitcoin on Dogecoin is 25% in the first period and 22% in the other periods. The variance decomposition of Dash shows that approximately 18% of the change in standard deviation was caused by Bitcoin in the first period and this percentage increased to 25.5% in the following periods. Litecoin's variance decomposition results show that 33% of the change in standard deviation from the first period to the last period was caused by Bitcoin. It is observed that approximately 8% of the change in Nem's standard deviation in the first period was caused by Bitcoin, while this rate increased to 21.5% in the last period. From the first period to the last period, 13.5% of the change in Stellar's standard deviation was caused by Bitcoin. When the variance decomposition of Ripple is analyzed, it is observed that 10% of the difference in the standard deviation is due to Bitcoin. This situation continued similarly from the first period to the last period. Following the VAR analysis, Granger causality test was conducted to explain the short-term relationship between the variables. According to the test results, there is a bidirectional
目的--本研究的目的是通过实证分析,研究比特币和根据市值选择的其他币之间的长期和短期关系。为此,本文使用了比特币和九种另类币(包括以太币、瑞波币、Tether、莱特币、门罗币、恒星币、Dash、Nem、Dogecoin)在 2015 年 8 月 7 日至 2020 年 1 月 8 日期间的每日数据。方法--首先通过向量自回归(VAR)分析比特币和另类币之间的长期关系。格兰杰因果检验用于确定变量之间的短期因果关系。结果--根据研究长期关系的 VAR 分析结果,Dogecoin、Dash、Litecoin、Nem、Stellar 和 Ripple 与比特币之间存在长期关系。在确定变量之间的长期关系后,借助脉冲响应函数分析了变量之间的关系。脉冲响应函数显示了一个变量受到一个单位的冲击对另一个变量的影响。因此,分析脉冲响应函数的结果可以看出,比特币的一单位随机冲击在前两个时期对瑞波币、尼姆币、莱特币、达什币、莱特币、狗狗币产生负面影响,在第二个时期影响减小,在第三个时期影响消失。比特币受到的随机冲击会对恒星币产生持续两个时期的正效应。这种正效应在第三阶段结束。在用脉冲响应函数分析了比特币和另类币之间的关系后,通过方差分解分析了变量方差变化的来源。根据方差分解结果,比特币对 Dogecoin 的影响在第一阶段为 25%,其他阶段为 22%。Dash 的方差分解结果显示,在第一阶段,大约 18% 的标准偏差变化是由比特币引起的,而在随后的阶段,这一比例上升到了 25.5%。莱特币的方差分解结果显示,从第一期到最后一期,33%的标准偏差变化是由比特币引起的。据观察,尼姆的标准差在第一阶段约有 8%的变化是由比特币引起的,而在最后一个阶段,这一比例上升到了 21.5%。从第一期到最后一期,恒星标准偏差变化的 13.5% 是由比特币引起的。对瑞波币的方差分解进行分析后发现,10% 的标准差差异是由比特币造成的。这种情况从第一期一直持续到最后一期。在 VAR 分析之后,进行了格兰杰因果检验,以解释变量之间的短期关系。根据检验结果,比特币与所有替代币之间存在双向格兰杰因果关系。因此,当比特币作为因变量时,它是以太币、瑞波币、Tether、莱特币、Monero、Stellar、Dash、Nem、Dogecoin 的格兰杰因果关系。在分析替代币之间的格兰杰因果关系时,观察到 Tether 与 Stellar 之间存在因果关系,而 Stellar 与 Tether 之间没有因果关系。同样,虽然从 Tether 到 Ripple 观察到格兰杰因果关系,但从 Ripple 到 Tether 没有因果关系。Stellar 和 Ripple 的方差分解显示,Tether 对标准差的变化没有贡献。方差分解检验支持格兰杰检验结果。结论--研究结束时,根据确定长期关系的 VAR 分析结果,Dogecoin、Dash、Litecoin、Nem、Stellar 和 Ripple 与比特币之间存在长期关系。Tether、Monero、以太币和比特币之间没有长期关系。根据观察短期关系的格兰杰因果关系分析检验结果,比特币与所有替代币之间存在双向格兰杰因果关系。因此,当比特币作为因变量时,它是以太币、瑞波币、Tether、莱特币、Monero、Stellar、Dash、Nem、Dogecoin 的格兰杰因果关系。结果表明,比特币与研究对象的所有 9 种另类币都有短期关系,与 Dogecoin、Dash、莱特币、Nem、恒星币和瑞波币有长期关系。这些结果表明,比特币的价格变动会对另类币产生影响:比特币、另类币、加密货币、因果关系分析、VAR 分析:G17, G10, C58
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引用次数: 0
Empirircal investigation into y-the integration of cloud-based artificial intelligence in auditing 基于云的人工智能在审计中的应用经验调查
Pub Date : 2024-02-01 DOI: 10.17261/pressacademia.2023.1874
Yazan Abdelmajid Abu Huson, Laura Sierra‐García, M. García-Benau, N. Aljawarneh
Purpose- The increasing prevalence of cloud computing and the rapid proliferation of artificial intelligence technologies have opened up novel prospects for enhancing auditing methodologies. This research aims to scrutinize the consequences of incorporating cloud-based artificial intelligence (CBAI) in auditing, focusing on its implications for audit clients, auditors, and the overall audit process.Methodology- A method of quantitative research was utilized in this study, where 322 questionnaires were distributed to external auditors in Jordan. The objective was to collect information on the potential enhancements brought about by cloud-based artificial intelligence in the auditing field. The study employed convenience random sampling, a technique involving the collection of data from readily available members of the population, which, in this context, refers to external audit offices in Jordan. Jordan has a total of 454 audit offices with a diverse range of auditors, including partner-owner auditors, assistant auditors, and certified auditors. The analysis of the gathered data was conducted using SmartPLS software, which employs structural equation modeling (SEM).Findings- The study's outcomes reveal the potential for cost savings associated with the adoption of CBAI, as well as the streamlining of audit procedures and the enhancement of overall efficiency. Moreover, the research observes the transformation of auditors' roles, with a shift towards a greater focus on analytical and advisory responsibilities, departing from traditional manual tasks. These findings underscore the potential advantages for audit clients, auditors, and the audit process, underscoring the significance of embracing these technologies to advance the auditing profession in the digital age.Conclusion- The study investigates how CBAI influences audit quality and efficiency through a thorough examination of data sourced from a sample of external auditors operating within the context of Jordan. Additionally, it delves into the significant advancements that CBAI can introduce to the auditing field, encompassing its potential for data storage and analysis, the improvement of communication between auditors and clients, the adoption of innovative audit techniques, and the shift from manual to digital auditing methodologies.Keywords: Cloud-based artificial intelligence, Auditing, Auditors, Cloud computing, Artificial Intelligence, Audit quality. JEL Codes: O30, O33, O35
目的--云计算的日益普及和人工智能技术的迅速发展为改进审计方法开辟了新的前景。本研究旨在探讨将基于云的人工智能(CBAI)纳入审计的后果,重点关注其对审计客户、审计师和整个审计流程的影响。方法--本研究采用定量研究方法,向约旦的外部审计师发放了 322 份调查问卷。目的是收集有关云端人工智能在审计领域带来的潜在改进的信息。本研究采用了方便随机抽样技术,即从人口中随时可获得的成员那里收集数据,在本研究中,人口指的是约旦的外部审计机构。约旦共有 454 家审计机构,审计人员来自不同领域,包括合伙人审计师、助理审计师和注册审计师。研究结果表明,采用 CBAI 有可能节约成本、简化审计程序并提高整体效率。此外,研究还观察到审计师角色的转变,从传统的手工任务转变为更加注重分析和咨询职责。这些发现强调了审计客户、审计师和审计流程的潜在优势,突出了在数字时代采用这些技术推动审计行业发展的重要意义。此外,研究还深入探讨了云端人工智能在审计领域所能带来的重大进步,包括其在数据存储和分析方面的潜力、审计师与客户之间沟通的改善、创新审计技术的采用以及从人工审计到数字审计方法的转变:基于云的人工智能 审计 审计师 云计算 人工智能 审计质量JEL Codes:O30, O33, O35
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引用次数: 0
Cryptocurrency interest in geographical regions with high unemployment rates 失业率高的地区对加密货币的兴趣
Pub Date : 2024-02-01 DOI: 10.17261/pressacademia.2023.1844
Elif Bezirgan
Purpose- In regions with high unemployment rates, individuals often face economic uncertainty and may seek alternatives to traditional financial systems. In such circumstances, some individuals may turn to alternative investments and financial instruments, with cryptocurrencies such as Bitcoin being among them. The value of these cryptocurrencies is often volatile due to their speculative nature, which can lead investors to take on more significant risks. While this situation can result in substantial gains, it can also lead to significant financial losses.The primary use of cryptocurrencies is generally for investment purposes. Since cryptocurrencies are digital, they operate entirely in a virtual environment. The loss or theft of the digital password in the virtual space means the loss of the wallet. Security in cryptocurrencies is very weak. The lack of government guarantees and legal infrastructure globally poses certain threats to investors, making cryptocurrencies carry a higher risk compared to other investment instruments.This study will investigate the regional relationship between cryptocurrency interest and unemployment rates. The aim is to determine whether individuals living in geographical areas with high unemployment rates show more interest in cryptocurrencies compared to those in other geographical regions.Methodology- In line with the research objective, Google search engine data for the past 10 years has been analyzed using content analysis methodology. A query has been conducted to determine in which regions of Turkey cryptocurrency names are most frequently searched, and a comparison has been made on a provincial level across all 81 provinces. Additionally, considering the unemployment data provided by the Turkish Statistical Institute (TUIK), regions with high and low unemployment rates have been identified. Subsequently, an investigation has been carried out to determine whether there is any correlation between regional Google searches and unemployment rates in these areas.Findings- When examining the findings from the perspective of unemployment, it has been observed that the regions where cryptocurrency names are most frequently searched align with areas having the highest unemployment rates, while the least searched areas correspond to regions with lower unemployment rates. Among the 10 provinces with the highest unemployment rates, 8 of them are included in the list of 10 provinces with the highest Bitcoin search frequency. Similarly, 8 out of 10 provinces with the lowest employment rates are also listed among the 10 provinces with the highest Bitcoin search frequency. Furthermore, among the 10 provinces with the lowest per capita gross domestic product (GDP), 7 of them are included in the list of 10 provinces with the highest Bitcoin search frequency.Conclusion- As a result of the relationship analyses conducted in the research, it has been observed that in Turkey, regions with high unemployment rates, low employm
目的--在失业率较高的地区,个人往往面临经济不确定性,可能会寻求传统金融体系之外的其他选择。在这种情况下,一些人可能会转向其他投资和金融工具,比特币等加密货币就是其中之一。由于其投机性质,这些加密货币的价值经常会出现波动,这可能会导致投资者承担更大的风险。虽然这种情况可能会带来可观的收益,但也可能导致重大的经济损失。加密货币的主要用途通常是投资。由于加密货币是数字货币,它们完全在虚拟环境中运行。虚拟空间中数字密码的丢失或被盗意味着钱包的丢失。加密货币的安全性非常薄弱。全球缺乏政府担保和法律基础设施,这给投资者带来了一定的威胁,使得加密货币与其他投资工具相比具有更高的风险。本研究将调查加密货币兴趣与失业率之间的区域关系。本研究将调查加密货币兴趣与失业率之间的地区关系,目的是确定生活在高失业率地区的个人与生活在其他地区的个人相比,是否对加密货币表现出更大的兴趣。通过查询确定了土耳其哪些地区的加密货币名称最常被搜索,并以省为单位对所有 81 个省进行了比较。此外,根据土耳其统计研究所(TUIK)提供的失业数据,确定了失业率高和失业率低的地区。研究结果--从失业率的角度研究发现,加密货币名称搜索最频繁的地区与失业率最高的地区一致,而搜索最少的地区与失业率较低的地区一致。在失业率最高的 10 个省份中,有 8 个被列入比特币搜索频率最高的 10 个省份名单。同样,在就业率最低的 10 个省份中,也有 8 个被列入比特币搜索频率最高的 10 个省份。此外,在人均国内生产总值(GDP)最低的 10 个省份中,有 7 个省份被列入比特币搜索频率最高的 10 个省份名单。结论--通过研究中的关系分析,可以发现在土耳其,与其他地区相比,高失业率、低就业率和低国内生产总值(GDP)地区的比特币搜索频率更高:加密货币、失业、比特币JEL Codes:P44, E24, E44
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