{"title":"Corporate Probability of Default (PD) Modelling for Banks in Emerging Economies: A Case Study of Zimbabwe Stock Exchange (ZSE) Listed Counters","authors":"Ephraim Matanda, Vharawei Matanda, Ropafadzo Mhizha","doi":"10.17265/1548-6583/2021.02.005","DOIUrl":"https://doi.org/10.17265/1548-6583/2021.02.005","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48621004","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 : 2021-02-28DOI: 10.17265/1548-6583/2021.02.001
Rishika Todi, Chandrakant Varma
Bonus announcement is often seen as a profitable strategy for intra-day trading; to know how useful it can be for position (long-term) investors this study is conducted. 30 companies were chosen randomly and a two-tail t-test is conducted. Considering the p-value of each company at 5% level of significance we found out the number of companies which have given positive numbers for position investors. A generalization method has also been used to see the overall applicability of the study. Reflecting individual companies fewer number showed positive results after a period of 30 days but using the generalization technique the study proved to be significant. There are certain limitations to the study as well including non-consideration of any other event which might have taken place, bearing in mind only NSE and BSE and also it includes companies which have made an announcement in the past three years.
{"title":"An Event Study of Pre and Post Bonus Announcement for Position Investors","authors":"Rishika Todi, Chandrakant Varma","doi":"10.17265/1548-6583/2021.02.001","DOIUrl":"https://doi.org/10.17265/1548-6583/2021.02.001","url":null,"abstract":"Bonus announcement is often seen as a profitable strategy for intra-day trading; to know how useful it can be for position (long-term) investors this study is conducted. 30 companies were chosen randomly and a two-tail t-test is conducted. Considering the p-value of each company at 5% level of significance we found out the number of companies which have given positive numbers for position investors. A generalization method has also been used to see the overall applicability of the study. Reflecting individual companies fewer number showed positive results after a period of 30 days but using the generalization technique the study proved to be significant. There are certain limitations to the study as well including non-consideration of any other event which might have taken place, bearing in mind only NSE and BSE and also it includes companies which have made an announcement in the past three years.","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42112201","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}
{"title":"Modelling of Corporate Exposure at Default (EAD) in Emerging Financial Markets: The Case for Counters Listed on the Zimbabwe Stock Exchange (ZSE) in the Dollarization Era","authors":"Ephraim Matanda, Vharawei Matanda, Ropafadzo Mhizha","doi":"10.17265/1548-6583/2021.02.004","DOIUrl":"https://doi.org/10.17265/1548-6583/2021.02.004","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44177148","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 : 2021-02-28DOI: 10.17265/1548-6583/2021.02.003
Matanda Ephraim, Chindara Tawona Matirokisi
The 21st century has seen the world superpowers, such as Russia and China and multi-lateral agencies encourage backward states to embrace and promote foreign direct investment (FDI) as an instrument to improve domestic production which will lead to economic growth and development. This is premised on the fact that FDI comes with transfer of technology, new and advanced management approaches, technical skills, and access to international markets. However, researchers have shown that occasionally FDI inflows achieve the opposite as they compete for the same markets with local industries and, as a result, they crowd out local industries leading to higher unemployment. Further, research has shown that most international financial crises were caused by rapid withdrawal of FDI. In essence, FDI can have positive and can also have negative effects on economic growth. Against this background, this discussion seeks to outline and look at the threats and opportunities that backward states, such as those in Africa will draw from the 21st century FDI from world superpowers.
{"title":"Threats and Opportunities Developing Nations of Africa Can Draw From the Foreign Direct Investment From Russia and China","authors":"Matanda Ephraim, Chindara Tawona Matirokisi","doi":"10.17265/1548-6583/2021.02.003","DOIUrl":"https://doi.org/10.17265/1548-6583/2021.02.003","url":null,"abstract":"The 21st century has seen the world superpowers, such as Russia and China and multi-lateral agencies encourage backward states to embrace and promote foreign direct investment (FDI) as an instrument to improve domestic production which will lead to economic growth and development. This is premised on the fact that FDI comes with transfer of technology, new and advanced management approaches, technical skills, and access to international markets. However, researchers have shown that occasionally FDI inflows achieve the opposite as they compete for the same markets with local industries and, as a result, they crowd out local industries leading to higher unemployment. Further, research has shown that most international financial crises were caused by rapid withdrawal of FDI. In essence, FDI can have positive and can also have negative effects on economic growth. Against this background, this discussion seeks to outline and look at the threats and opportunities that backward states, such as those in Africa will draw from the 21st century FDI from world superpowers.","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48597658","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 : 2021-01-28DOI: 10.17265/1548-6583/2021.01.003
A. Kaab, K. M. Nair
{"title":"Effective Budgetary Control System: A Regression Model for Indian Listed Companies","authors":"A. Kaab, K. M. Nair","doi":"10.17265/1548-6583/2021.01.003","DOIUrl":"https://doi.org/10.17265/1548-6583/2021.01.003","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42315795","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 : 2021-01-28DOI: 10.17265/1548-6583/2021.01.002
J. Sobieraj, D. Metelski
{"title":"The Impact of State Policies on Investment Project Management in Polish Industrial Construction Sector","authors":"J. Sobieraj, D. Metelski","doi":"10.17265/1548-6583/2021.01.002","DOIUrl":"https://doi.org/10.17265/1548-6583/2021.01.002","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46380230","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 : 2021-01-28DOI: 10.17265/1548-6583/2021.01.001
Neil J. Fletcher, Francis Awolowo, Nigel Garrow
Proposed reforms to U.K. audit are reviewed from a fraud detection and prevention perspective. A holistic four-actor model that encompasses: the directors, auditor, shareholders, and the regulator, is used to frame the discussion. Focus is drawn to the mediating role of the Audit and Assurance Policy. The paper argues that the proposed reforms have some potential to reduce the audit expectations gap. However, the problem of agency costs and the advisory nature of shareholder voting on the Audit and Assurance Policy significantly limit the possible effectiveness of the reforms from a fraud detection and prevention perspective. Suggestions for future research are made.
{"title":"Fraud Detection and Prevention: A Review of the Latest Developments in U.K. Audit","authors":"Neil J. Fletcher, Francis Awolowo, Nigel Garrow","doi":"10.17265/1548-6583/2021.01.001","DOIUrl":"https://doi.org/10.17265/1548-6583/2021.01.001","url":null,"abstract":"Proposed reforms to U.K. audit are reviewed from a fraud detection and prevention perspective. A holistic four-actor model that encompasses: the directors, auditor, shareholders, and the regulator, is used to frame the discussion. Focus is drawn to the mediating role of the Audit and Assurance Policy. The paper argues that the proposed reforms have some potential to reduce the audit expectations gap. However, the problem of agency costs and the advisory nature of shareholder voting on the Audit and Assurance Policy significantly limit the possible effectiveness of the reforms from a fraud detection and prevention perspective. Suggestions for future research are made.","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41868940","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 : 2020-12-28DOI: 10.17265/1548-6583/2020.12.004
Baisakhi Mitra Mustaphi
{"title":"Marketing Communications Strategy through Social Media","authors":"Baisakhi Mitra Mustaphi","doi":"10.17265/1548-6583/2020.12.004","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.12.004","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46872522","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 : 2020-12-28DOI: 10.17265/1548-6583/2020.12.001
Veriyadi Variyadi
{"title":"Risk Neutral Options Based on Maximum Profits","authors":"Veriyadi Variyadi","doi":"10.17265/1548-6583/2020.12.001","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.12.001","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49329301","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 : 2020-12-28DOI: 10.17265/1548-6583/2020.12.002
Burcu Doğan, Cuma Ercan
{"title":"Quality in Independent Auditing: A Research on Auditors","authors":"Burcu Doğan, Cuma Ercan","doi":"10.17265/1548-6583/2020.12.002","DOIUrl":"https://doi.org/10.17265/1548-6583/2020.12.002","url":null,"abstract":"","PeriodicalId":71220,"journal":{"name":"现代会计与审计:英文版","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49239811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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