Effects Of Financial Conditions Research Articles

Unveiling the shadows: The effects of financial conditions on the tail risks of China's macroeconomic activities

The impact of financial conditions on Chinese macroeconomic activities has recently received considerable attention. This paper utilizes a constructed Chinese financial conditions index (FCI) to appraise the role of financial conditions in Chinese growth at risk, and further traces the influencing factors of tail risks of macroeconomic activities. The findings reveal that financial conditions may lead to an increase in future tail risks for macroeconomic activities, and financial conditions are associated more with downside risks than with upside potential. Moreover, the extension degree of financial conditions in relation to the tail risks of macroeconomic activities displays time-varying and heterogeneous characteristics. In particular, financial conditions have a more pronounced effect on the tail risks of investment growth. Additionally, this paper provides direct evidence from a financial perspective, suggesting that M2 is a common factor of the tail risks of macroeconomic activities, and treasury yields play a crucial role in tail risks related to consumption growth. Simultaneously, the real effective exchange rate of the Renminbi Yuan emerges as a vital factor in tail risks regarding import and export growth. Our results provide valuable insights for the government in addressing macroeconomic risks and formulating relevant policies.

Pengaruh Motivasi Dan Kondisi Keuangan Terhadap Kepatuhan Wajib Pajak Kendaraan Bermotor Dengan Kesadaran Sebagai Variabel Intervening Di Kalurahan Wukirsari

The purpose of this study was to determine: 1) The effect of motivation on motor vehicle tax compliance in the Wukirsari sub-district, 2) The effect of financial conditions on motor vehicle tax compliance in the Wukirsari sub-district, 3) The effect of motivation on motor vehicle taxpayer compliance through awareness as a variable intervening in the Wukirsari Village, 4) The effect of financial condition on taxpayer compliance through taxpayer awareness as an intervening variable in the Wukirsari Village, 5) the effect of tax awareness on motor vehicle taxpayer compliance in the Wukirsari Village.The motorized vehicle taxpayers in Wukirsari Village are the subject of this study's sample. Accidental sampling is the sampling technique employed. An online questionnaire was used to collect the data (google form). The number of questionnaires processed was 100 questionnaires, which could not be processed were 4 questionnaires and which could be processed were 96 questionnaires. Methods of data analysis using path analysis techniques (Path Analysis) with the help of the SPSS program. The findings revealed that: 1) Motivation has no positive effect on Motor Vehicle Taxpayer Compliance in the Wukirsari Subdistrict, 2) Financial Condition has a positive effect on Motor Vehicle Taxpayer Compliance in the Wukirsari Subdistrict, 3) Awareness does not mediate the influence of Motivation on Motor Vehicle Taxpayer Compliance in Wukirsari Village, 4) Awareness does not mediate the influence of Financial Conditions on Motor Vehicle Taxpayer Compliance in Wukirsari Village, 5) Awareness has a positive effect on Motor Vehicle Taxpayer Compliance in Wukirsari Village.
 Keywords: Financial Condition, Motivation, Taxpayer Compliance and Awareness

The Effect of Financial Condition on Firm Value: A Comparative Study

This study analyzes a company’s financial condition on firm value. We also evaluated the difference in firm value between corporate sectors affected and unaffected by the COVID-19 pandemic. The regression analysis model used is the random effect model as well as the difference-in-difference technique. The study uses data from the company’s interim financial reports for the first and second quarters of 2018, 2019, and 2020. We found that firm size and leverage influence firm values. This applies to companies in the affected sectors, such as hotel, restaurant, and tourism sub-sectors, and unaffected sectors, such as health, pharmacy, and telecommunication sub-sectors. We also found that firm values in affected and unaffected sectors, before and during COVID-19, do not significantly differ.
 Keywords: COVID-19, financial condition, firm value

PENGARUH KONDISI KEUANGAN PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP OPINI AUDIT GOING CONCERN (Studi Kasus pada Perusahaan Pertambangan Subsektor Industri Batu Bara di Bursa Efek Indonesia Tahun 2015 - 2018)

A going concern audit opinion is an unqualified audit opinion with an explanatory paragraph that contains a great deal of doubt about the sustainability of the company's business. The purpose of this study is to determine (1) The effect of financial conditions on going concern audit opinion (2) The effect of company size on going concern audit opinion. This study uses secondary data in the form of audited financial statements originating from the Indonesia Stock Exchange (IDX). The population in this study is the coal industry subsector mining company during the 2015 - 2018 observation period. The sampling technique in this study used a purposive sampling method. Data analysis techniques used in this study were descriptive analysis, logistic regression analysis test, overall model test, coefficient of determination and hypothesis testing (F test and T test). Based on the results of data analysis the influence of the company's financial condition on going concern audit opinion obtained a negative coefficient and significant effect. The effect of company size on going concern audit opinion obtained positive coefficient and no effect. Suggestions in this study are to expand the object of research on mining companies on the Stock Exchange, use a longer span of research and add variables in subsequent research.

The Effect of Financial Conditions, Growth, and Debt to Equity Ratio on Company Sustainability with Corporate Governance as a Moderating Variable

The purpose of this study is to get an empirical evidence whether financial condition, growth, and debt to equity ratio have a significant effect on company sustainability. Sample consists of companies that listed on Indonesian Stock Exchange since 2014 to 2017 and participating in the CGPI survey conducted by Indonesian Institute for Corporate Governance. Using multiple regression and moderated regression, the empirical results show that financial condition and debt to equity ratio has a significant positive effect on company sustainability, meanwhile growth does not have a significant effect in company sustainability. This study also try to get an empirical evidence whether corporate governance has a moderating effect to the relationship between financial condition and company sustainability, debt to equity ratio and company sustainability, growth and company sustainability. The result show that corporate governance does not have a moderating effect to the relationship between financial condition and company sustainability, debt to equity ratio and company sustainability, growth and company sustainability. Further study can use ASEAN CG Scorecard to obtain corporate governance scores and make a comparisons between industries.

The Effect of Financial Condition in Saving Banks on Loan Portfolio

The Effect of Financial Condition in Saving Banks on Loan Portfolio

Influencing factors on the implementation of forest reserves in Switzerland

In 1999, an international expert team found the neglect of biodiversity issues in Swiss forest policy to be one of its biggest weaknesses. Influenced by this scientific assessment, the Federal Forest Agency developed forest reserve guidelines with measurable objectives in cooperation with the constituent states (cantons). To assess the outcomes of the Swiss forest reserve concept, we surveyed cantons’ implementation degree in 2011. In a previous paper, Kaeser et al. (For Policy Econ 3:6–13, 2013) discussed the survey’s results from the perspective of new forms of governance in Swiss biodiversity policy. However, the use of different governance approaches could only partly account for the differences between the cantons’ forest reserve areas. As a continuation of this study, the present paper contributes to the discussion about the influencing factors on the implementation of forest reserves in Swiss cantons. For this purpose, we examine the effect of institutional drivers, public policies, property rights and user conflicts in 22 Swiss cantons on their forest reserve areas by using a multiple regression. The effect of financial conditions and the share of protective forest of the cantons on forest reserves is statistically significant. The findings indicate that the potential for forest reserves in protective forests in the mountains has been neglected so far. A combination of forest reserves and protective forests could result in a win–win-situation of ‘less effort for the management of protective forest’ and ‘more biodiversity’.