Financial Market Performance Research Articles

The Impact of Green Accounting and Integrated Reporting on Financial and Market Performance

The purpose of this study is to examine the impact of green accounting and integrated reporting on financial performance and market performance in basic materials and energy sector companies listed on the Indonesia Stock Exchange (IDX) and also determine whether these two policies can support the realization of the 2030 Sustainable Development Goals (SDG), specifically the 8th and 13th SDG goals. The final sample of this study used 74 samples with the observation period 2020-2022. Using the regression test tool, this study found that the implementation of green accounting and integrated reporting can be recognized as a strategic policy for basic materials and energy companies in Indonesia. By integrating environmental and sustainability considerations into their accounting practices and reporting frameworks, companies can improve their financial performance, market performance, and participate in realizing the 2030 SDG Goals.

What explains the recovery speed of financial markets from banking crises?

Less is studied about the determinants of the impact of banking crises on the recovery speed of financial markets. In this paper, based on the members from Asian Infrastructure Investment Bank (AIIB), we measure the recovery speed of financial markets from banking crises by financial stress index (FSI). Then the Kaplan-Meier (K-M) survival analysis methodology is applied to depict the stylized features of the recovery speed of financial markets. Further, the Cox proportional hazards model is introduced to investigate the effect of a variety of influencing factors on the recovery speed of financial markets from banking crises. The results indicate that certain factors, such as stationary macroeconomic environment, sound government finance, stable exchange rate regime, moderately open financial market, global financial market with high panic prior to banking crises, and expansionary monetary policy with the price rule after banking crises, contribute to fast recovery of financial markets.

Financial Performance Evaluation of A Bankrupt Bank: The Case of Silicon Valley Bank

The aim of this research paper is to evaluate and compare the financial performance of Silicon Valley Bank spanning the two-year period prior to its eventual bankruptcy in March 2023, using financial data derived from the former bank’s annual reports. Comparative financial ratio analysis was conducted pertaining to four groups of financial indicators, profitability, capital structure, liquidity and market performance. The results of this analysis reveal a decline in performance in 2022 in comparison with the 2021 business year. The decline coincided with the public emergence of formidable business and market risks for the bank. This study fills a critical gap in the literature by assessing the connection between firm performance and both accounting & market indicators during a time of heightened financial distress, whereas previous studies tended to take a closer look at the relationship between firm performance and one specific class on financial indicator while neglecting the other, equally important class of indicators.

A Merged Two-Dimensional Approach to Evaluating the Efficient Performance of Non-Financial Companies Listed on the Regional Securities Exchange SA (BRVM)

The objective of this research is to study the internal and external factors that explain the efficient performance of companies listed on the BRVM using a merged two-dimensional approach. Efficient performance refers to the combination of high "financial performance and stock market performance". The results of the binomial logistic regression on a panel of companies over the periods 2011 to 2020 show that only internal factors, namely the company's flexibility in terms of financial communication, its ability to increase its intrinsic performance, its debt policy and its size, have a significant effect on the efficient performance of these companies. These results could not only serve as a frame of reference for investors to make optimal decisions (maximising both return on equity and capital gains on share sales), but also influence the management style of companies seeking to improve their attractiveness and reputation on the financial markets.

Keberhasilan Harga Saham dan Aksi Stock Split

Stock split is a corporate action taken by a company to increase stock liquidity. There is a phenomenon of companies that failed and succeed after carrying out stock split actions. This study aims to examine the company's financial performance and market performance against the success of the stock price after the stock split. The sample of this study is companies listed on the Indonesia Stock Exchange and conducted a stock split in the period 2018 – 2021, using purposive sampling and obtained 41 companies. For the benefit of hypothesis testing using multiple linear regression analysis techniques. The results of the study that financial performance and market performance had no effect on the success of the stock price after the stock split. The results of this study imply that the stock split has not been able to be used as a signaling instrument about the company's positive prospects.

Financial Analysis and Performance Evaluation of Lululemon Athletica

This article analyzes and evaluates the financial condition of Lululemon Athletica, focusing on aspects such as market volatility, profitability, liquidity, solvency, efficiency, growth potential, and financial leverage. The analysis aims to assist investors, analysts, and stakeholders in understanding Lululemon Athletica's financial performance and its ability to adapt to economic changes. The article emphasizes the importance of financial data and provides an overview of commonly used financial analysis tools and methods. It also includes a cash flow analysis of Lululemon and discusses the company's financial status, including key financial ratios and indicators. Overall, Lululemon's financial status is relatively stable, with minor fluctuations in certain areas. However, the company's return on assets shows high volatility, suggesting a need for improvement in asset utilization efficiency. Investors are advised to consider various financial indicators and tools when analyzing Lululemon Athletica's financial health and market performance.

Explore the Risk Factors and Market Performance of American Animation Companies Represented by Walt Disney

After the world economy entered a relatively complex and changeable environment in the 21st century, it has brought significant impact to various industries, including the animation industry. The American animation market, as one of the world's largest animation markets, has the most influential animation companies, which well reflects the problems and future prospects of the animation industry. This article conducts a financial analysis of Walt Disney's financial status and market performance in 2022-2023, and summarizes its internal risk factors and external possible impacts, development strategies, and prospect planning. Also give Disney and other American animation companies an analyst to prospect and put forward relevant development strategy reference, for most small and medium-sized companies, reasonably absorbing Disney's successful experience and optimizing their own development strategy is the key to sustainable development. This article is more based on the analysis behind the data in the financial statements, collates and analyzes the possible risk factors, which is of reference value to investors and shareholders, and the evaluation of Disney also provides a good direction for the company's development.

Climate warming, renewable energy consumption and rare earth market: Evidence from the United States

This study investigates the time-varying interactions among climate warming, renewable energy consumption (REC) and rare earth market using TVP-VAR-SV model. We focus on the stock performance in the rare earth financial market. Our empirical results show that the effects of climate warming and REC on rare earth market changes over time and increases significantly during the COVID-19 pandemic. The REC has short-term positive impact on rare earth market, and the positive impact of climate warming on the rare earth market has a time lag effect. In the long term, climate warming has a significant promotion effect on REC, especially during major events. The short-term positive impact of REC on the rare earth market is prominent after the signing of the Paris Agreement (PA), while its impact shows counter-cyclical fluctuations during the COVID-19 pandemic. The effect of disaggregated REC on rare earth market is obviously heterogeneous. Solar and wind energy consumption are the most important reasons for changes in rare earth market.

Empirical Analysis Impact of Inflation Dynamics on Financial Market Performance

In 2023, in response to inflation, the Federal Reserve implemented an unprecedented strategy of rapid interest rate hikes. This approach had a significant impact on the financial market, causing extensive fluctuations, predominantly downward, especially in sectors such as the banking industry that have a strong correlation with the financial market. Therefore, understanding how inflation influences financial market performance is a crucial economic matter. This study utilizes data from the Consumer Price Index (CPI), Nasdaq index, and S&P500 index spanning from 2000 to 2023. Through correlation analysis and benchmark regression, we assess the impact of inflation on the financial market and provide policy recommendations. Based on the model analysis, this study finds that the CPI generally has a positive impact on the financial market. To examine the varying impacts of the CPI on the financial market at different time periods, this paper employs temporal heterogeneity analysis. This method evaluates the shifts in the influence of the CPI on the financial market by dividing periods before and after significant events. The findings suggest that the CPI had a negative correlation with the Nasdaq index prior to the August 2007 financial crisis. However, after this crisis and leading up to the emergence of COVID-19 in January 2020, there was a positive correlation between the CPI and the financial market. Yet, following the onset of the COVID-19 pandemic, there was not a substantial correlation between the CPI and the market index.

Editorial: Coordination between financial reporting quality, investors’ utility function, social legitimacy, digitalization, and judicial independence.

The current issue is comprised of scholarly articles falling in the domain of a wide range of research themes, for example, financial market performance, investment strategies, corporate governance characteristics, financial reporting quality, corporate social responsibility (CSR), corruption, and judicial independence in the context of foreign direct investment (FDI). All the articles published in the current issue have highlighted interesting, diverse, and thought-provoking research problems.

A Comparative Study on Different Modes of Green Innovation and Performance Differences of Enterprise

Under the new development, new opportunities and new models, China attaches more importance to the green development of enterprises, green and low-carbon development is becoming more and more important in the strategic position. This paper adopts the method of case study, analyzes the relationship among the motivation, mode and performance of green innovation, divides green innovation behavior into various types, and makes a comparative study on the difference of green innovation mode and performance of typical enterprises with different characteristics in Shaoxing, Zhejiang Province. It is found that the environmental performance, financial performance and market performance brought by substantive green innovation achieve the best effect, and the financial performance brought by strategic green innovation is better, but the change of environmental performance and market performance is relatively not obvious, and the financial performance and market performance brought by irritable green innovation have no obvious change, and the environmental performance brought by environmental innovation is also average.

Artificial intelligence empowers the construction of first-class financial management system

Abstract With the rapid development of artificial intelligence technology, its application in financial management is increasingly widespread. This study aims to explore how to build a first-class financial management system with the help of artificial intelligence technology. We adopt the improved BP algorithm and ant colony algorithm to conduct in-depth research on financial risk early warning, financial analysis and financial forecasting. In terms of financial Risk early warning, a neural network-based risk early warning model is studied, and the improved model increases the prediction accuracy by 15%. The complex correlation between corporate financial status and market performance is found in economic analysis of multiple financial indicators. In terms of financial forecasting, a combination forecasting model is introduced and the weights are optimized by the ant colony algorithm, which improves the accuracy and reliability of the forecast and reduces the forecasting error by 20%. Artificial intelligence technology can effectively improve the efficiency and accuracy of financial management, provide powerful support for enterprise economic decision-making, and provide new ideas for building a first-class financial management system.

Elevating organizational effectiveness: synthesizing human resource management with sustainable performance alignment

PurposeThis paper investigates the interactional relationships between sustainable human resource management (SHRM) and organizational performance (OP). Sustainable HRM is an approach that links HRM and sustainability. These studies focused on integrating HR with sustainable developments, such as economic and social aspects, in favour of focusing on the environmental aspect. Organizational change is an ongoing process that has to be managed effectively to keep the change in place for a long time.Design/methodology/approachA framework was offered to estimate the cause-and-effect relation of the SHRM and OP factors. Data is gathered from professionals from various pharmaceutical industries. This study applied two methods, Fuzzy AHP and DEMATEL Type II. These techniques are used to understand the cause-and-effect factors and their interactions.FindingsIt was observed from the findings that the factor of SHRM, such as Social Justice (F2), Green Job Design (F5), Green Training (F6) and Implementation of Green Policy (F8), was the most critical for the pharmaceutical sector that effects Financial performance (F13), Customer Satisfaction (F15) and Market performance (F14). Pharmaceutical firms ought to coordinate public health advocacy efforts, engage in healthcare initiatives and provide financial support for environmentally friendly efforts that improve social and economic conditions.Practical implicationsFor this sustainability, managers concentrate on creating an environment that is healthy and acceptable, and they work hard to mitigate the impact of natural factors and repair damage done to the environment; it is essential to move towards sustainable development to resolve environmental problems. Improving HR efficiency is among essential HRM responsibilities, as they expand the knowledge base of the workforce, enhance human capital, and eventually create valuable intangible assets and promote and encourage sustainable pharmaceutical products for some years.Originality/valueThis research paper has presented exclusive worth to the SHRM and organizational performance literature as it employs fuzzy FAHP and DEMATEL type 2. There is less research on SHRM in the pharmaceutical sector with these factors. In addition, FAHP and TYPE 2 DEMATEL are used in very few researches on SHRM approaches.

Comparative Analysis of the Financial Market Performance Theories

This study compares two theories of financial market efficiency. In this regard, we have proposed parameters for assessing the state of the market, depending on the speed of absorption of this information received. Further, we have determined the specific boundaries of application of the presented theories. It is proposed to determine the degree of stability of a particular financial market using the maximal Lyapunov exponent.

Pengaruh Pengetahuan Investasi, Risk Tolerance, Dan Self Efficacy Terhadap Intensi Investasi Pasar Modal Pada Generasi-Z

Investments in the country's actual economy and its capital market will increase as a result of globalization. Because of this, the capital market requires members of Generation Z to have a high level of self-awareness. The purpose of this study is to examine how generation Z investors' levels of investing expertise, risk aversion, and confidence influence financial market performance. The goal of this research was to identify the factors (investment knowledge, risk tolerance, and self-efficacy) that influence people's decisions to put money into the stock market. Gen Z is the focus of this investigation. Non-probability type purposive sampling was used to choose the 200 respondents who would make up this study's sample of members of Generation Z. The validity and reliability tests were used to evaluate the research instrument, and the classical assumption test and multiple regression analysis were used to analyze the collected data. Capital market investing intentions are positively related to investment knowledge, risk tolerance, and confidence, according to the investigation. The findings of this study have important implications for encouraging younger generations' interest, trust, and self-awareness in the capital market.Keywords: Investment Intensity, Investment Knowledge, Risk Tolerance, Self Efficacy.

Foreign Bias in the Global Portfolio Investment of Selected OIC Countries

Home bias reflects the propensity of investors to invest substantially in the domestic market. When investing abroad investors exhibit foreign bias, a tendency to overweight certain foreign markets based on their preferences. A thorough review of the literature reveals that foreign bias has not been thoroughly investigated in emerging countries, especially in the context of OIC countries. The purpose of this research is to examine the determinants of foreign bias in the global portfolio investment of selected OIC countries. An unbalanced bilateral panel data of 12 OIC countries’ outward equity investment in 74 host countries from the year 2001 to 2016 is analyzed. Cross-sectional analysis shows that OIC countries exhibit higher foreign bias towards their OIC counterparts especially in the MENA region. The results suggest, OIC countries not only exhibit foreign bias but also demonstrate regional bias. System Generalized Method of Moments (GMM) empirically shows that foreign bias is possibly explained by factors related to financial market openness, familiarity, information asymmetry, and global financial crisis. This study has a significant implication for the investors, fund managers and the regulators of the OIC countries. Investors and fund managers in OIC countries should be aware of the existence of foreign bias in their global portfolio investment that may potentially reduce the benefits of optimal diversification. It is a call for policymakers in the OIC countries to convince their local investors that international portfolio diversification offers risk sharing and eventually increases investment return.

ANTECEDENTS AND CONSEQUENCES OF SUSTAINABILITY PERFORMANCE IN TOURISM INDUSTRY

Purpose- The idea of sustainability performance has grown significantly in importance for both practitioners and academicians as a result of the growing interest in environmental corporate operations in today's competitive climate. Companies in the travel and hospitality industries have also paid close attention to sustainability performance. To achieve sustainable performance, businesses in the tourism sector realize social, environmental, and economic components at the same time. This study aims to explore the antecedents and consequences of sustainable performance in tourism industry. Methodology- The study employs a literature review on articles concerning sustainability performance of tourism firms. The present research endeavors to synthesize the stream of literature on sustainability performance in the field of tourism published between 2018 and 2022. The relevant studies were systematically analyzed on the basis of the data gathered from the Scopus database. Findings- The findings of the study are presented along with the coding frame in three main sections: Research scope, research methodology, and empirical issues including antecedents and consequences of sustainability performance of tourism firms. The antecedents of environmental sustainability are categorized into four sub-categories namely ecology-related, resource-related, product-related, and management-related antecedents. The antecedents of economic sustainability is classified into four sub-categories namely consumer- related, marketing-related, financial and organizational antecedents. Social sustainability antecedents are summarized into four categories namely employee-related, community-related, stakeholder-related, and visitor-related antecedents. Further, sustainable performance is significantly related to high financial performance, market performance, perceived credibility and organizational culture. Conclusion- Tourism firms and destinations should concentrate on ecology-related antecedents, financial and marketing-related antecedents, employee-related and community-related antecedents in order to achieve sustainable performance. Although there are many studies that focus on the causes of sustainable performance, few researchers look into the results of sustainable performance. The effects of sustainable performance should be studied in further research. Keywords: Sustainability performance, environmental performance, tourism industry, antecedents, indicators JEL Codes: L25, L83, Q01

Big data analytics: from leadership to firm performance

PurposeThis paper aims to propose a research model with eight constructs, i.e. BDA leadership, BDA talent quality, BDA security quality, BDA privacy quality, innovation, financial performance, market performance and customer satisfaction.Design/methodology/approachThe research model focuses on whether (1) Big Data Analytics (BDA) leadership influences BDA talent quality, (2) BDA talent quality influences BDA security quality, (3) BDA talent quality influences BDA privacy quality, (4) BDA talent quality influences Innovation and (5) innovation influences a firm's performance (financial, market and customer satisfaction). An instrument was designed and administered electronically to a diverse set of employees (N = 188) in various organizations in the USA. Collected data were analyzed through a partial least square structural equation modeling.FindingsResults showed that leadership significantly and positively affects BDA talent quality, which, in turn, significantly and positively impacts security quality, privacy quality and innovation. Moreover, innovation significantly and positively impacts firm performance. The theoretical and practical implications of the findings are discussed. Recommendations for future research are provided.Originality/valueThe study provides empirical evidence that leadership significantly and positively impacts BDA talent quality. BDA talent quality, in turn, positively impacts security quality, privacy quality and innovation. This is important, as these are all critical factors for organizations that collect and use big data. Finally, the study demonstrates that innovation significantly and positively impacts financial performance, market performance and customer satisfaction. The originality of the research results makes them a valuable addition to the literature on big data analytics. They provide new insights into the factors that drive organizational success in this rapidly evolving field.

Financial Factors Shaping Stock Prices: Evidence from Food and Beverage Companies (2016-2020)

This research employs quantitative methods and secondary data analysis to investigate the relationship between financial variables and stock prices in the food and beverage industry. Utilizing a purposive sampling method, 50 samples from 10 food and beverage companies listed on the IDX are examined over a five-year period. The study reveals that Net Profit Margin and Capital Structure both exert a positive and significant influence on stock prices, whereas Profitability demonstrates a significant negative impact. Notably, when considered together, these three variables collectively influence stock prices. This study's findings have implications for investors, financial analysts, and policymakers, offering insights into the complex interplay between financial metrics and stock market performance within the food and beverage sector.
 Highlights:
 
 Financial Metrics Impact: Net Profit Margin and Capital Structure positively influence stock prices, while Profitability has a negative impact.
 Sector-Specific Insights: The study focuses on the food and beverage industry, offering sector-specific implications for stakeholders.
 Methodological Approach: Quantitative analysis using secondary data and multiple linear analysis techniques informs the research findings.
 
 Keywords: Stock Prices, Financial Factors, Food and Beverage Industry, Secondary Data Analysis, Multiple Linear Analysis.

PENGARUH PENGUNGKAPAN ENVIRONMENTAL, SOCIAL DAN GOVERNANCE (ESG) TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR PERTAMBANGAN BATU BARA PERIODE 2017-2022

This study aims to analyze and test the effect of Environmental, Social, and Governance (ESG) disclosures on company performance. Company performance in this study consists of operational performance (ROA), financial performance (ROE), and market performance (Tobin's Q). ESG disclosure standard guidelines use the Global Reporting Initiative (GRI). The population of this study were coal mining sub-sector companies listed on the IDX from 2017 to 2022. The sample selection used purposive sampling with 5 companies and used multiple linear regression data analysis. The results of this study indicate that environmental disclosure has a positive effect on operational performance and financial performance, but has no effect on market performance. Social disclosure has a positive effect on market performance, but does not affect operational performance and financial performance. While governance has a positive effect on financial performance and market performance, it has no effect on operational performance. The implication is that increasing awareness and compliance with corporate social responsibility towards the environment, social and governance of the impact of the company's operational activities is a way for the company's sustainability