Financial Factors Research Articles

Financially Fully Mission Capable for the Long-Term? A Strategic Look at Military Retirement

We create a retirement pay multiple (RPM) to assist military service members, at any point in their career, with determining whether they are on track to retire and maintain their living standard. This strategic financial planning tool helps these servicemembers assess whether they are fully mission capable (FMC) in their personal financial lives. The RPM incorporates myriad relevant financial factors, including taxes, Social Security, participation in the Department of Defense’s recently established Blended Retirement System (BRS), actuarial life expectancy, inflation, and military pay growth rates. An associated online calculator also permits customization of these factors.

SME resilience: Critical financial planning success factors post-COVID-19

Small and medium-sized enterprises (SMEs) are crucial to South Africa’s economy as they provide employment, contribute to development, reduce poverty, and promote entrepreneurship. However, the COVID-19 pandemic has severely impacted SMEs in the country, posing a threat to their survival. The purpose of the study was to identify the financial planning critical success factors that are essential for SME performance in a post-COVID-19 pandemic environment. The study followed a positivist paradigm, and a quantitative survey approach was employed. South African SMEs across the various sectors of business were targeted to provide a holistic view of the financial planning strategies contributing to performance. A total of 282 questionnaires were completed electronically by the SME owners using Google Forms, which were then analyzed using SPSS and Smart PLS software. The regression model for structural equation modeling revealed a strong and significant link between financial planning and SME performance. Financial planning has a strong, significant positive effect on SME performance, as indicated by the path coefficient (β = 0.227, p = 0.002). The importance of this study lies in its ability to provide valuable insights to businesses regarding financial planning strategies to enhance SME success in a post-COVID-19 environment.

How do seasonal, significant events, and policies affect China's REE export prices? Based on deep learning perspective

This paper aims to accurately predict China's rare earth export prices and reveal the impact of variables such as seasonality, significant events, finance, and supply and demand on rare earth price volatility. Daily datasets of light and heavy rare earths from 2011 to 2023 were used, and the Tree-structured Parzen Estimator-Temporal Fusion Transformer model was employed to predict rare earth prices. Complete Ensemble Empirical Mode Decomposition with Adaptive Noise and partial dependence plots were used to reveal the factors affecting price volatility. The following conclusions were drawn: (1) The Tree-structured Parzen Estimator-Temporal Fusion Transformer deep learning model can provide more accurate rare earth price prediction information; (2) Light rare earth prices are more susceptible to cyclical influences, while heavy rare earth prices are more affected by significant events. The outbreak of COVID-19 has had a long-term impact on both light and heavy rare earth prices; (3) The fluctuations in heavy rare earth prices are mainly influenced by financial factors, while the fluctuations in light rare earth prices are influenced by multiple factors such as finance, supply and demand, and macroeconomics; (4) An increase in resource tax rates may lead to a decrease in rare earth prices, while an increase in restrictions on rare earth mining may lead to an increase in rare earth prices.

The influence of financial and non‐financial factors on the adopting intentions of businesses towards circular business models: Evidence from Vietnam

AbstractThis study investigates the factors influencing intentions to adopt circular business models (CBMs) among businesses in Vietnam, a manufacturing hub in the region. To conduct the investigation, we developed a conceptual framework based on the behavioral theory of the firm and the resource‐based view, categorizing factors into two dimensions: financial and non‐financial. Through empirical analysis involving a survey of 291 businesses and employing partial least squares structural equation modeling (PLS‐SEM), we found that financial factors, including capital availability, expected economic benefits, and cost management competence, exert a stronger influence on the adoption of CBMs compared to non‐financial factors, such as stakeholder pressure, technology competence, and innovation competence. Furthermore, while several businesses are actively engaging in activities related to CBMs, managerial commitment towards full CBM adoption remains a prospective goal rather than an immediately actionable present reality. This study contributes in both theoretical and practical terms by addressing a critical research gap and quantifying the impact of financial and non‐financial factors on CBM adoption. Our findings offer valuable insights for businesses and policymakers, facilitating the promotion of circular economy and sustainable development.

The Effect of the Auditor’s Confirmation of Firms’ Disclosure of Political Instability Management on the Decision to Invest in Stocks

This study aims to investigate the impact of geopolitical, financial, and human factors on foreign direct investment flows. The results revealed that the reality of foreign direct investment explains the political, financial, and human factors, in varying proportions, with significant significance. The positive impact of each of them is on controlling corruption. Governments use foreign direct investment activity as a main tool for growth and development. State and local governments are often responsible for attracting foreign direct investment, and foreign investors prefer countries that enjoy stability and have predictable investment environments by providing clear standards for dealing and having predictable legislation and regulatory parties in which the negotiating parties are clear, and that The absence of clear parties for implementation regarding ownership, taxes, dispute settlement, and instructions, so the investor is afraid of interfering with burdensome administrative resources and unpredictable laws and instructions Keywords: Auditor’s Confirmation – Disclosure – Political Instability – investment Decision.

Cardiac Rehabilitation in Geriatric Individuals

Background: The aim of the study is a current review in the field of cardiac rehabilitation in geriatric individuals. Methods: Literature searches were conducted using PubMed, Embase and Scopus. Additional articles were identifed by searching reference lists. Results: Aging is a physiological condition in the normal process of life and leads to changes in all organs and systems. The aging process significantly affects the cardiovascular, pulmonary, musculoskeletal, and metabolic systems. Cardiac rehabilitation provides numerous psychological and physiological benefits to older adults. All comorbidities, frailty status, and social and financial factors should be comprehensively evaluated while planning cardiac rehabilitation programs that consist of the main components of exercise training, risk factor management, and psychosocial counseling in older adults. Conclusions: Regular participation in cardiac rehabilitation programs can reduce morbidity and mortality rates and improve cardiorespiratory fitness and overall health outcomes by modifying coronary artery disease risk factors in older adults with chronic conditions, including cardiovascular disease, stroke, and respiratory disease

Financial Factors That Reduce Financial Distress in The Manufacturing Industry

Financial Factors That Reduce Financial Distress in The Manufacturing Industry

Determinants of Financial Efficiency and Performance in Big-Cap Chain Hotels

Chain hotels with $1 billion in market capitalization not only contribute to employment creation and indirectly become a driving force in the regeneration of local economies but also play an essential role in recovering local economies with their high revenue per available room (RevPAR) values. Besides, the financial stability of these hotel chains directly influences the popularity of destinations, resulting in an influx of tourists to nearby regions, which in turn generates an economic contribution to the overall development of the tourism industry. Therefore, the aim of this paper is to determine the financial factors that are affecting the RevPAR (RPR), their role in the industry, and the validity of the agency cost theory of nine chain hotels that have at least $1 billion in market capital listed in U.S. stock markets over the period 2013–2022. The results show that, in contrast to the debt service coverage ratio, receivables turnover ratio, and book value per share variables, the day sales outstanding ratio and current ratio have a negative impact on chain hotels' RevPAR.

The Impact of External Financial Factors on the Effect of Ecological Innovation on Small and Medium-Sized Businesses Performance, Capacity for the Sustainability Economy

Eco-innovation has been viewed as a tool for protecting the environment since the 1990s. The impact of external financial factors on eco-innovation is expected to reduce waste, air pollution, and the use of materials and resources. However, the effect of eco-innovation on economic and environmental performance has received little attention. More specifically, since the 1990s, eco-innovation has begun to be viewed as a tool to protect the environment. Eco-innovations are expected to reduce waste, air pollution, and the use of materials and resources. However, the impact of eco-innovation on financial and environmental performance has received little attention. Small and medium-sized enterprises (SMEs) can function better, thanks in large part to the social fabric of the organization. In addition, there is a positive correlation between eco-innovation and GSCM, and these concepts significantly affect the development of CE capabilities. Our last conjecture shows a critical link between GSCM and CE skills. Our findings suggest that relationships between ideas for overarching design are more difficult to establish through more direct or indirect management of multiple tiers of suppliers and that major companies are expanding in ways that are likely to promote sustainability while bringing in sizeable New research questions.

Әртүрлі оқиғалардың криптовалюта құнына әсерін талдау

The relevance of the research topic is due to the fact that many crypto investors are attracted by the high liquidity of cryptocurrencies, low transaction costs and ease of transactions via the Internet. In contrast from Fiat currencies, corporate stocks, and bonds, cryptocurrencies do not have an underlying value. demand therefore market cost to a greater extent depends on how wellknown and popular this cryptocurrency is. Also, the price of cryptocurrencies is influenced by market sentiment, namely the thoughts, feelings and emotions of investors regarding the asset. With the help of traditional asset valuation models, it is impossible to qualitatively explain the latest changes in the price of cryptocurrencies. However, some financial models point to that cryptocurrency is currently overvalued. Apparently, the hypothesis of financial instability is better than any of the verified economic theories suitable to explain recent changesin prices of cryptoassets. The theory suggests that because the cryptocurrency market is moving against the macroeconomic fundamentals of the economy, emotions are a major factor. determining demand on a given market. In this article, the authors examined the influence of behavioral financial factors on investment decisions in the cryptocurrency market. Multiple regression analysis was used to examine this effect. The purpose of the article is to study the development of cryptocurrency in Kazakhstan and assess the impact of events on the value of cryptocurrency. Based on this goal, the authors put forward the following tasks: to analyze and evaluate the use of cryptocurrencies in the modern economy; explore the features of cryptocurrency pricing.

THE ROLE OF BANKING SYSTEM IN PROVINCIAL ECONOMIC DEVELOPMENT: A STUDY OF TURKIYE, FROM THE 70S TO THE 2000S

This research examines the relationship between banking activities and provincial economic development. In particular, the study offers insight on the nature of the regional economic development discrepancies in Turkiye. The study finds that, despite the trend towards decentralisation that takes place in regional economic policies, the banking system adopts centralisation policies. Using dynamic generalised method of moment (GMM) estimates, we evaluated a unique data set including 39 years of provincial demographic, socioeconomic, and financial factors in Turkey. The study demonstrates that the banking intermediation is detrimental to provincial development. The Turkish banking system’s hierarchical structure prevents financial intermediaries from fulfilling their role in fostering development. Consolidation and concentration strategies must be reassessed, since they tend to favour centralisation, which has been shown to be inefficient for regional convergence. The results also suggest that branch managers should be granted greater decision-making authority to make better use of locally produced information when approving or rejecting projects, which would eventually lead to a reduction in provincial disparities.

How Do Asymmetric Information and Financial Factors Influence Earnings Management?

How Do Asymmetric Information and Financial Factors Influence Earnings Management?

The heterogeneous effects of macroeconomic and financial factors on financial deepening in Africa: evidence from a method of moments quantile regression analysis

Purpose This paper aims to investigate the heterogeneous effects of macroeconomic and financial factors across various distributions of financial deepening in 22 African countries over the past two decades (2000–2019). Design/methodology/approach The paper uses a recent method of moments quantile regression, which accounts for the often overlooked heterogeneity effects. The analysis focuses on the banking sector, which is predominant in Africa, using a broad range of macroeconomic and financial indicators. Findings The findings show that gross domestic product per capita positively and significantly impacts financing deepening with an increasing marginal benefit as depth increases. Trade openness positively and substantially affects only high financial deepening. Real interest rate, real exchange rate and inflations negatively and significantly affect financial deepening, especially at higher than lower levels. Financial stability positively and substantially influences financial deepening with an increasing marginal benefit as the depth increases. Bank lending interest rate, bank lending–deposit rate spread, bank concentration and return on equity negatively and substantially impact higher levels of financial deepening than lower levels. Practical implications These findings are crucial to policymakers and development partners, as promoting a favourable financial environment and stable macroeconomic policies based on the heterogeneity of financial depths can increase debt financing in Africa. Originality/value To the best of the authors’ knowledge, this paper is one of the first attempts to analyse the heterogeneous effects of macroeconomic and financial determinants on varying levels of financial depth in Africa.

Impact of Cost of Capital on European Economic Growth: The Role of IFRS Mandatory Adoption

Since 2005, the International Financial Reporting Standards (IFRS) mandatory adoption in the European Union has played a pivotal role to reduce financing costs which has influenced positively economic growth across member states. Thus, this study examines the effect of Cost of Capital on Economic Growth under IFRS mandatory adoption in 17 European countries between 1994 and 2021 using Pooled Mean Group Autoregressive Distributed Lag (PMG-ARDL) and System Generalized Method of Moments (GMM-system) methods. The findings reveal a positive correlation between the Cost of Capital and Economic Growth under IFRS adoption. Specifically, the model estimates indicate that the Cost of Capital contributes to a 0.58% increase in Economic Growth in the PMG-ARDL framework. Moreover, the GMM-system model underscores the significance of IFRS adoption in reducing the Cost of Capital, leading to a 0.52% increase in Economic Growth. These results provide insights into the benefits of adopting international accounting standards and highlight the importance of institutional and financial factors in shaping the economic impact of adopting accounting standards.

Assessing the Financial Performance of the Greek Football Clubs

This study evaluates the financial performance of seven major football clubs from the top division of Greece over a period which spans from season 2015-16 to season 2021-22 with correlation and regression analysis. Financial performance is expressed in three alternative ways, i.e., the return on assets (ROA), return on equity (ROE), and profit margin, which is computed as ratio of the profit before tax to total operating revenue. Purely financial factors are considered as determinative variables of performance including the size of the clubs, their liquidity, leverage, efficiency and cash flow efficiency. The results reveal indicate that the clubs under investigation are highly leveraged and have poor liquidity, while they present extensive annual and accumulated losses. On the factors that can affect the financial performance of the Greek football clubs, our analysis accentuates that the size of the football entreprises, along with the degree of liquidity, leverage, efficiency and their ability to use their assets to generate cash can affect financial performance, either in a positive or a negative way.

An analysis of Risk Tolerance of Individual Investor using Gray Relational Analysis Method

Risk tolerance refers to an individual investor's inclination towards embracing fluctuations in investment values in pursuit of higher income. It reflects their capacity to endure such fluctuations and financial goals, time horizon and emotional comfort various including status influenced by factors. Personal preferences and investment choices with circumstances as it helps to regulate, informed investment decisions one's risk tolerance in taking understanding is important. financial situation, investment objectives, knowledge of the financial market, factors like experience, and emotional intelligence contribute to determining one's risk tolerance. Investors' risk tolerance is often assessed through questionnaires or evaluations conducted by financial advisors, which consider factors like attitudes towards risk, investment goals, time horizon, and financial situation. Based on the assessment, investors may be categorized into different risk profiles such as conservative, moderate, or aggressive, with corresponding investment strategies suggested accordingly. It's essential for investors to honestly evaluate and be realistic about their risk tolerance, as overestimating it may lead to excessive risk-taking and potential losses during market downturns, while underestimating it may result in overly conservative investment choices. Regular reviews of risk tolerance are recommended, especially in light of significant life events or market fluctuations. The concept of risk-return trade-off highlights that higher returns are typically associated with higher levels of risk, implying that investors expecting higher returns must be prepared to accept greater potential losses. However, risk tolerance isn't solely determined by financial factors; emotional elements such as fear, anxiety, and market sentiment also influence an investor's tolerance for risk and their behaviour during periods of volatility. Therefore, a comprehensive understanding of risk tolerance encompasses both financial considerations and emotional factors. the GRA (Grey Relational Analysis) approach at its inception, focusing on the concept of the gray gadget. This technique is particularly effective for selection problems involving multiple attributes within a component. The current literature highlights its applicability in addressing problems associated with multiple factors and variables, especially when dealing with complex relationships. The GRA approach is well-suited for resolving issues related to fixing problems, and various types of GRA techniques have been proposed in the field. The introduction of the GRA approach is both straightforward and environmentally friendly, making it a practical choice for addressing complex problems involving multiple variables. Investment Objectives, Time Horizon, Financial Situation, Knowledge and Experience and Liquidity Needs. Risk Assessment Questionnaires, Investment Experience and Knowledge, Financial Situation, Investment Goals and Emotional Attitude Towards Risk. the Rank of GRA for Risk Tolerance of Individual Investors. Liquidity Needs is got the first rank whereas the Low Risk Tolerance is having the Lowest rank.

Analysis of the Influences of Factors on the Online Business Results of Shopee Vietnam

The business results of a commercial enterprise are a comparative relationship between the results achieved during business processes and the investment costs funded to achieve those results. Business results reflect input resource exploitation, utilization, and management to achieve each enterprise's business aims. In reality, different factors affect the business results of enterprises in general and Shopee Vietnam in particular, including microeconomic, macroeconomic, and industry environment factors. With a business analysis research approach, in this article, the authors investigate the factors affecting Shopee Vietnam's online business performance: Online product factors of Shopee; Economic, financial, and customer income factors; Online payment method factors of Shopee; Product pricing strategy factors of Shopee; Cultural and social factors; scientific, technological, and online shopping experience factors and Competitive factors in online business to develop a linear regression model to determine the extent of these factors impact on the online business result of Shopee Vietnam.

Investigating The Relationship Between Financial Factors And P/E Ratio Of Listed Steel Companies On Vietnam Stock Exchange

Investigating The Relationship Between Financial Factors And P/E Ratio Of Listed Steel Companies On Vietnam Stock Exchange

Exploring job satisfaction’s impact on turnover tendency among employees in Kosova’s microfinance institutions

Purpose The purpose of this paper is to delve into the intricate link between job satisfaction and employees’ turnover intentions. To accomplish this, a detailed structural model was constructed, incorporating five essential constructs: job satisfaction, turnover intention, satisfaction with financial factors, satisfaction with non-financial factors and external factors. Design/methodology/approach The research used a questionnaire with 28 items based on established tools, focusing on five different constructs. The model’s validation involved applying structural equation modelling to 147 non-managerial employees in microfinance institutions. Findings The findings reveal a significant negative correlation between job satisfaction and turnover intention. Satisfaction with financial factors significantly outweighs satisfaction with non-financial factors in shaping job satisfaction. In addition, the impact of external factors on turnover intention was observed to be minimal and inconsequential. Research limitations/implications This review highlights the importance of investigating the moderating factors in the job satisfaction–turnover relationship, distinguishing between types of satisfaction and conducting longitudinal studies across diverse contexts. It notably presents a diverse range of recent findings in this field, emphasising the breadth of the results that have emerged in this area of research. Practical implications Understanding job satisfaction and turnover intention is crucial for microfinance institutions. By prioritising efforts to enhance job satisfaction through improved financial offerings and non-financial factors like a supportive work environment and opportunities for growth, organisations can effectively mitigate turnover rates and foster success. Social implications The study underscores the societal value of supportive work environments beyond just benefits and career opportunities. By understanding the external influences on employee satisfaction, organisations can contribute to building more decent workplaces and promote social well-being, while advocating for social considerations in organisational practices. Originality/value This paper uses a novel integrated model comprising five distinct constructs not previously used together. It stands among the pioneering works that not only elucidate the correlation between job satisfaction and turnover intention but also delineate the constituents of job satisfaction itself.

Information seeking behaviour in music conductors’ repertoire selection

Introduction. Music repertoire selection is a process driven by music conductors. They focus on scoring, ensemble composition, acquisition methods (i.e., acquiring the music). Information needs and seeking are core to repertoire selection and conductors’ tasks/roles. It cannot be considered in isolation; other conductor responsibilities, past experiences, and external factors (e.g., finances) influence the process and information seeking. We report findings from an exploratory study conducted in 2023 with 37 conductors. Method. Brief literature review, triangulated with findings from a mixed-method study. A semi-structured questionnaire collected quantitative data from 37 conductors and individual online interviews collected qualitative data from two conductors. Analysis. Quantitative data revealed typical tasks requiring information, issues to consider in repertoire selection (e.g., text, ensemble capabilities), internet usage and other information seeking activities and sources. Qualitative data elaborated on factors influencing repertoire selection and information seeking e.g., repertoire inspiration and financial factors. Results & discussion. Three core themes influencing information seeking are discussed: process of repertoire selection, user (individual conductor) characteristics, external factors. The repertoire selection (process) is mapped against information seeking behaviour (activities, sources), user characteristics and external factors. Conclusion. Music repertoire selection’s interdependence with other tasks of music conductors, the importance of individuality and inevitable external factors, influence information seeking.