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The limit of stability of the Russian financial system

Subject. The article addresses the stability of the Russian financial system. Objectives. The purpose is to determine the limit of stability of the Russian financial system. Methods. The study draws on methods of data analysis and synthesis, correlation and regression analysis. Results. The Russian economy has a substantial stake of non-financial sector requiring investments. Shares of non-financial organizations are risky but potentially more profitable investments. Under high economic uncertainty, investors look for low-risk assets. Pension funds and insurance companies are changing the structure of their portfolios in favor of federal loan bonds. This enables the government to increase the volume of long-term bond issuance to finance budget deficits. Variable interest rates provide for an opportunity to insure against possible losses caused by interest rate changes. There is an increase in excess of household debt over the volume of federal loan bond market. Non?financial organizations are attracting borrowed funds, outpacing the growth rate of household lending and federal bonds issuance. Non-financial sector debts are growing faster than household debts, while overall financial stability is maintained by the Bank of Russia through the key interest rate. Conclusions. The revealed limit of stability of the Russian financial system will be useful for business analysts when forecasting changes in the economy.

A STUDY ON PREFERENCE TOWARDS SAFE INVESTMENT AVENUES IN INDIA

Investors mainly want greater returns from riskier expenses. When we create a reduced risk contribution, the return is too mainly reduced. Investors, specifically pupils, are frequently considered to select the financing plan and expand their case. Diversification has the mathematical effect of lowering overall risk. Investors look into various factors before investing their money namely the lock in period, minimum amount required to invest, return on investment, risk associated, any tax benefit available, etc. Many investors who are low risk takers with low-risk appetite or salaried or retired persons, prefer safe investments where they get safety of principle and also tax benefits. There are various safe investment options in India namely Fixed Deposits, Recurring Deposits, Public Provident Funds, Atal Pension Yojana, Senior Citizen Saving Scheme, etc.

Vague Language, Founding Team Human Capital, and Resource Acquisition

Investors look to the language a firm uses for information that may not be available otherwise, especially in entrepreneurial settings. One aspect of language that is garnering greater attention in the management and other business literatures is vagueness. Vague language is often viewed negatively by audiences because of its association with greater uncertainty and potential to obscure negative information. However, some work in linguistics implies that the use of vague language can have positive impacts if the speaker understands the needs of the audience. This study explores the use of vague language and its relationship with investor interest as well as how it interacts with the skills of the entrepreneurial founding team. We hypothesize that, in general, investors are less interested in firms that use vague language, but the positive impacts of vague language become apparent when firm founders have human capital endowments associated with the effective use of language. Analyses based on data from a major start-up pitch competition provide evidence to support these hypotheses. Post hoc analyses explore potential mechanisms. Supplemental Material: The online appendix is available at https://doi.org/10.1287/orsc.2022.16367 .

An Analysis of Investor Perception towards Investment in Real Estate with Special Reference to Delhi NCR

Perceptions of investment risks and returns are formed through views, beliefs, and expectations of investing in real estate by the investors. In Delhi NCR, they assess opportunities based on market conditions, economic indicators, and personal objectives. Private investors look for residential properties with a view to charging rent or using them for long-term capital appreciation. Institutional investors who run real estate funds or corporations target commercial properties such as office spaces or retail outlets, hoping for higher yields and portfolio diversification. Political stability, the strength of legal frameworks, and the risk of currency fluctuations are all crucial factors for foreign investors when committing capital and influencing foreign direct investment flow into the real estate sector in Delhi NCR.

The role of entrepreneurs’ attributes in early-stage investment decisions

Access to capital is a critical step for early-stage entrepreneurial ventures such as start-ups but also constitutes a major hurdle since there is little available data to back up their product. The current paper proposes a theoretical early-stage investment decision-making framework that draws on dual process theory and signaling theory to suggest that investors’ intuition is composed of cues and signals that impact their overall perception of the entrepreneur and the venture evaluation. Four categories are shown to define the ways in which entrepreneur attributes contribute to angels’ and venture capitalists’ gut-feeling evaluations of funding potential: (1) attributes that investors look for in an entrepreneur as assessed during their early encounters, (2) pitch-related attributes that are indicative of entrepreneur motivation, (3) attributes related to venture performance that may point to the venture's growth potential and (4) entrepreneur self-efficacy. By proposing a theory of early investment decision-making based on System 1 and not only System 2 as is typically hypothesized, this framework contributes to the literature on entrepreneurial finance theory, individual decision-making, and theories of affective judgment under conditions of extreme risk and uncertainty.

The Applications of Quantitative Finance in the Market

An investment decision has become an extensively complicated undertaking in the contemporary finance sphere, dotted by increased volatility, uncertainty, complexity, and ambiguity. Today, investors look beyond financial performance to encapsulate a companys Environmental Social and Governance (ESG) performance and the execution of its social responsibilities to impact society and the planet. The broadening of factors of consideration in an investment decision has propagated an increase in the reliance on quantitative finance. Principally, quantitative finance is an amalgam of mathematical and computational tools that can be used to assess portfolio risks, optimize investment strategies, and increase market efficiency. Therefore, the current study seeks to explore how quantitative finance has transformed the market and is increasingly being leveraged to engender greater returns on investment. Even though the models improve portfolio performance, they are often limited in predicting security performance during rare events such as financial crises. Therefore, there is a need to combine quantitative and qualitative approaches to circumvent the limitations of either model. The paper contributes to the existing body of knowledge by elucidating how quantitative finance can be used to navigate the changing financial market landscape.

Governance in ESG of oil and gas sector

ESG plays a vital role in modern business as it is a key for a company to build trust among stakeholders and access capital. On the one hand, investors look for companies having a good ESG practice to control and reduce potential risks. On the other hand, companies or investees should avoid “greenwashing” behaviors such as setting impractical targets in the name of sustainability, especially in high ESG risk sectors like oil and gas. For these reasons, governance (G) is the foundation of a company’s ESG, and it reflects the commitment of the top management level to achieving all ESG targets by managing risks, developing strategies and being transparent.

Future Prospect Versus Past Performance Menjelang Pemilihan Umum tahun 2024

Purpose: This study aims to determine whether what investors actually expect between future prospects or past performance is related to the certainty and policy of market rules and the upcoming government to provide an overview of decision-making for management and investors. Research methodology: The research variables in this study were operational decisions, strategic decisions, financial performance, and company value as proxies for future prospects and past performance. Factor analysis and multiple linear regression were used for analysis. The population in this study includes companies listed on the Indonesia Stock Exchange. The sample was obtained using the purposive sampling method with the criteria of companies in the industry that were directly affected by the election on a quarterly basis, namely the 3rd and 4th quarters of 2023, and as many as 49 companies with 69 analysis units were obtained. Results: The results show that the three variables–operational decisions (DSO), strategic decisions (growth), and financial performance (ROA)–have a significant effect on the company's value (P/E) ahead of the 2024 elections. Research implications: Investors look more at future prospects by examining operational decisions, strategic decisions, and the company's financial performance. Limitations: The lack of data and the analysis techniques used were very simple. Contributions: This study reveals how operational, strategic, and financial performance decisions affect the value of companies in Indonesia ahead of the 2024 elections. Using regression analysis, this study identifies key factors such as Days Sales Outstanding (DSO), growth (growth), and Return on Assets (ROA) as determinants of company value. These findings provide practical insights for managers and investors, as well as theoretical contributions, by adding the political economy context to the analysis of company values.

The Strategic Importance of Cybersecurity for Tech Startups in a Digital World

In today’s digital world, cybersecurity is super important for tech startups. This paper looks at why strong cybersecurity matters for these companies as they grow and innovate. Startups often deal with sensitive information and use the latest tech, which makes them easy targets for cyber attacks. That’s why they need strong security measures to protect their assets, keep customer trust, and follow the law. The paper starts by discussing the special challenges tech startups face. They usually have small budgets, work quickly, and deal with changing threats. Many startups focus on creating new tech but often ignore cybersecurity. They see it as something that slows them down, not as something key to their strategy. By looking at cases of both successful and unsuccessful startups, we can see how good cybersecurity can be part of a strong business plan that boosts their resilience and edge over competitors. It also talks about how cybersecurity helps with getting investors and forming partnerships. Cyber incidents can seriously harm a company’s reputation and finances. So, investors look for startups with solid cybersecurity practices. When startups prioritize security, they not only reduce risks but also show they can be trusted. The study shows that tech startups need to have a strong cybersecurity mindset that matches their growth goals. This means setting up security measures and creating a culture where everyone understands the importance of security. The paper finishes with suggestions on how startups can weave cybersecurity into their planning. It highlights the need for training, investing in security tools, and working with experts in cybersecurity. This research shows that cybersecurity is not just about following rules or managing risks. It’s a key part of what makes a tech startup valuable. It’s essential for handling the digital challenges and achieving long-term success.

BANKRUPTCY RISK AND SHARE PRICES: A CASE STUDY ON ENERGY COMPANIES IN KUWAIT

<p>This study aims to investigate how investors' perceptions of risk impact the stock prices of energy companies listed on the Kuwait Stock Exchange (KSE) from 2016 to 2023. Investors' belief in the future financial stability of the companies they invest in influences their risk perception. Therefore, if investors hold pessimistic views, they will decrease their investment in these companies, causing share prices to drop, and vice versa. The Zmijewski x-score model is utilized in this study as a measure of risk to assess the financial stability of Kuwaiti energy companies and its impact on their stock prices. The study employs ordinary least square regression (OLS) to analyze the correlation between the x-score and share prices. Results from this research indicated that there was no statistically significant relation between Zmijewski's x-score and stock price and that investors look at other factors when choosing their investments. This is evident because the company with the greatest bankruptcy risk in the following two years also had the second-highest share price.</p><p> </p><p><strong>JEL: </strong>G1, G4, M21</p><p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/soc/0699/a.php" alt="Hit counter" /></p>

International operations and international influences – Investing in UK firms

We provide an alternative perspective on the benefits of investing in Multinational Companies (MNCs) using a unique hand-collected dataset on the location of UK firm's sales and subsidiaries from 1998 to 2015. We find that investors can gain diversification benefits from investing in MNCs, but not necessarily firms with the greatest global reach. We also show that firm's returns tend not to be influenced by the geographical regions where they report sales and subsidiaries. The results suggest a new category of firms that may be beneficial for diversification - firms that are significantly influenced by the stock markets of a geographical region but do not report sales or subsidiaries in that region. This implies that investors should analyse the geographical regions that influence firm returns rather than the location of their sales and subsidiaries. Intuitively, these should be the same, but our results show a difference between the geographical location of a firm's sales and subsidiaries, and the regions that influence the firm returns. We recommend that investors look beyond the location of MNC activities and investigate the geographical regions that influence firms' returns when creating portfolios.

STUDY OF RISK AND RETURN OF MUTUAL FUNDS

There are many avenues in financial market. An Investor can invest in Bank deposit, corporate debenture and bonds which has law risk with low return. He may also Investor in stock of company which has high risk with hight return. Investors look for safer investment avenues and want to maximize their returns in according to their risk. Whereas people also tries to invest money as early as possible so that the money will grow accordingly in his lifetime. Choose a good investing option is very critical because a balance is required to be maintained between the risks and returns involved in investment. Return is inspiring force and principal reward in the investment process. One of the essential, reason because ofwhich one needs to invest fairly is to meet the cost of inflation. Inflation is the rate at which the cost of living increases at that time. A mutual fund is an expertly overseen company of collective investments that swimming pools money from numerous buyers and puts it in stocks, bonds, momentary money market instruments, as nicely as distinct securities. Mutual money is emerging as helpful instrument for a large scope of speculators, from people looking to put some thing aside for retirement to subtle socialites concentrated on defending their belongings and businesspeople to make wealth. Mutual Fund is a trust that pools the reserve funds of various buyers who share a typical financial objective. Anyone with an investible overflow of as little as two or three thousand rupees can put resources into mutual fund devices as indicated by means of their expressed objective and strategy. Mutual Fund Company pools money from a gathering of individuals with normal hypothesis targets to buy securities, for example, stocks, bonds, money market instruments, a mixture of these instruments, or significantly unique belongings so as to acquire the reward of enhancement and expertly oversaw container of protections at a reasonably ease. In a mutual fund, the fund manager, who is likewise excellent as the portfolio manager, trades the funds underlying securities, acknowledging capital positive factors or losses, and gathers the dividend or hobby income. The income are passed alongside to the investors. The charge of a share of the mutual fund, acknowledged as the net asset value (NAV), which is determined on day through day base, in mild of the absolute estimation of the mutual fund divided by the extent of high-quality shares presently issued.

How Much Is an Idea Worth?

The value of an idea in the world of investing is often overestimated, as investors are more interested in the team’s ability to turn the idea into a product or service that meets customers’ needs and wants. While an idea is the starting point, it holds no value until it faces market realities, competitors, regulations, and other factors that shape its worth. Investors look for startups with a robust execution plan, a resilient team, scalability, adaptability, early validation, and a compelling pitch. Scientific results also hold value as a starting point for potential therapies or products, but their ultimate worth depends on successful translation. The key lesson for startups and investors alike is to not overestimate the value of raw ideas or scientific results without considering the execution process’s challenges and requirements.

ESG scores and stock returns during COVID-19: an empirical analysis of an emerging market

PurposeThe COVID-19 pandemic resulted in a dramatic downturn in the global stock markets. Investors look for safe stocks that can provide better risk-adjusted returns. Stocks with higher Environmental, Social, and Governance (ESG) scores can be good choices for investors. This study focuses on this argument by examining the relationship between ESG indicators and stock returns while considering financial and macroeconomic variables.Design/methodology/approachIn this study, 39 non-financial firms listed in Nifty-50, for which data is available, have been included. Panel data from 2018 to 2021 is collected to examine this relationship in the presence of COVID-19. Additionally, the panel regression method is used.FindingsThe empirical findings indicate a positive relationship between ESG scores and stock returns. This relationship holds even when the control variables like Return on Assets (ROA), Gross Domestic Product (GDP), Return on Equity (ROE), age, size, leverage of the firm, inflation, and crisis period are used in the model.Originality/valueThis study contributes by examining the linkage between ESG indicators and stock return while controlling the impact of the financial and macroeconomic variables in Indian markets, which has not been undertaken so far. Moreover, this is the first study to use the ESG score data of S&P Global, which gives more weight to the material factors of a firm.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2023-0819.

PENGARUH RETURN ON ASSET, EARNING PER SHARE, DAN CURRENT RATIO TERHADAP HARGA SAHAM

This research aims to determine and analyze the effect of return in assets, earnings per share and current ratio on stock prices in manufacturing industries that have been listed on the Indonesia Stock Exchange in the period 2015 to 2019. The sample was selected by purposive sampling method after being calculated by the slofin method. The data that has been obtained by researchers and valid to be studied are 40 companies. The researcher uses data processing techniques using regression analysis assisted by the IBM SPSS version 23 program. The results obtained by this study indicate that return on assets and earnings per share have a significant effect on stock prices and the current ratio has no significant effect on stock prices. However, when it is examined again that return on assets, earnings per share and current ratio have a positive influence on stock prices. This makes investors look more at the return on assets and earnings per share which can increase stock prices than the current ratio. For further research, moderating variables can be added so that the results will be more varied than others.

Determinants of Institutional Ownership in the MENA Region

This study explores the main determinants of institutional ownership in the MENA region. Using a large sample of 262 listed companies across MENA countries, this study focuses on company and country characteristics that might explain institutional behavior. We attempt to answer the following questions: First, what are the main categories of institutional investors operating in MENA countries? Secondly, what factors drive institutional ownership? Results reveal a weak presence of institutional investors in the MENA region. Unlike foreign and passive investors, domestic and active institutional investors dominate the companies’ ownership. Such findings raise serious issues about how to attract foreign institutional investors. Results also suggest that value stocks appeal to institutional investors, whatever their origin (foreign or domestic) and kind (active or passive). Institutional investors look for large, profitable, and liquid companies that pay high dividends. They prefer investing in highly indebted companies as they consider debt an efficient mechanism to mitigate agency problems. Corporate governance and information disclosure are also crucial determinants of institutional ownership. However, foreign-domestic and active-passive institutional investors have different investment preferences. Our study would contribute to a better understanding of ownership endogeneity within an emerging context. Results would help professionals, managers, and policymakers to adopt appropriate reforms to offer an appealing business climate and attract a large base of institutional investors, not only foreign and active investors.

Financialization and Dynamics of Currency Futures Market during COVID-19: Evidence from India

This study examines inter-relationship and impact of COVID-19 on Indian currency and equity futures markets during the period of financial crisis. In such period, investors look for alternative asset classes to hedge against risk as observed during Global Financial Crisis. This study examines whether same phenomenon was observed after COVID-19 in India considering currency futures as an alternate asset class. For this purpose daily exchange rate of Indian Rupee with British Pound Sterling, Japanese Yen, Euro and United States Dollar and for equity futures, near-month NIFTY 50 futures contracts are used. After examining stationarity of data, Co integration test, Granger causality and Bi-variate correlation is applied. ARCH and DCC-GARCH model is employed to allow for heteroscedasticity and time variation in correlation. It is observed that YEN, JPY and USD display significantly negative correlation with Nifty futures. Currency futures is causing Nifty futures during COVID-19 period and leads Nifty futures by one day. However, it is other way around during pre-COVID-19 period. Long-run co-integration is not evident. ARCH effect is present in both time series and except for insignificant short-run shock persistence during COVID-19 period, there exists time varying correlation between currency returns and Nifty.

Return and Risk of Stock Investment in Finance Sector

The goal of this study is to offer investors with information to aid in deciding how to allocate their investment dollars. Investment risk results from the discrepancy between the projected return and the actual return; unfavorable risk is brought on by uncertain situations. If macroeconomic conditions are favorable, inflation is under control, exchange rates improve, and interest rates are low, investors will feel secure. Investors look for a return on their investments, either in the form of dividends or capital gains. Investors' behavior toward risk have an impact on investment decisions that are based on risk and return. The five economic circumstances studied in this study are as follows: (1) recession; (2) moderate recession; (3) normal; (4) good; and (5) excellent. The result of this study is investment at BNGA (PT CIMB NIAGA, Tbk) and BBCA (PT BANK CENTRAL ASIA, Tbk) as a high return and low risk. These stocks are recommended in any economic situation. If an investor fits the suggested risk-taker profile, they should consider investing in BNGA; otherwise, they should consider BBCA.

Analisis Rasio Keuangan Dalam Menilai Kinerja Keuangan Pada Industri Kosmetik Terdaftar BEI Periode 2022

The development of the beauty industry increases every year. Even during the Covid-19 pandemic, this industry remained stable in facing the crisis. This condition certainly makes many investors look to invest their capital in this industry. The beauty industry listed on the Indonesian Stock Exchange (BEI) is PT. Mustika Ratu Tbk, PT. Martina Berto Tbk and PT. Unilever Indonesia Tbk. In order to help investors assess company performance, it is necessary to carry out financial ratio analysis. Financial ratio analysis in this study is liquidity analysis, asset management analysis, debt management analysis, profitability analysis and market value analysis. This study is qualitative in nature with data analysis using financial ratio analysis. The results of this study provide the conclusion that if the analysis of the cosmetics industry in 2022 uses industry averages according to Brigham Houston, there are several components that are above standard, such as profit margin and ROA owned by PT. Mustika Ratu Tbk and PT. Unilever Indonesia Tbk above standard. PT fixed asset turnover. Muatika Ratu Tbk which is above standard. If analyzed through comparisons between companies that are still in the same industry, the company PT. Unilever Indonesia Tbk has performed quite well in generating company profitability. Proven by the fairly large profit margin and ROA ratio.
 Keywords: Liquidity, Asset management, Debt management, Profitability, Market value

PENGARUH RISIKO KEUANGAN DAN PERTUMBUHAN PENJUALAN TERHADAP PROFITABILITAS (SEBAGAI VARIABLE INTERVENING) DAN NILAI PERUSAHAAN FARMASI PERIODE 2020 -2022

This study aims to determine the Effect of Financial Risk, Sales Growth on Profitability and Value of Pharmaceutical Companies of pharmaceutical companies in 2020 – 2022. The type of research conducted in this study is quantitative which aims to determine the relationship between independent and bound variables, in this study it is carried out to determine the effect of financial risk, sales growth on profitability as an intervening variable and company value. The source of data used in this study is secondary data in the form of financial statements of pharmaceutical companies listed on the Indonesia Stock Exchange from 2020 to 2022. To determine the effect of DAR and sales growth on profitability and company value using pricebook value, Debt to Asset Ratio, Sales Growth, and Return on Asset ratio. The results showed that DAR had a significant negative effect on profitability. This means that the smaller the DAR value, the greater the level of profitability achieved. Sales growth has no insignificant effect on profitability. That is, the level of sales growth is not the cause of the rise or fall of company profitability. The effect of DAR, Sales Growth and ROA on Company Value. DAR has no effect and is not significant on the Value of the Company. That is, investors look more at the prospects of the company than at the Financial Risk in this case the value of the Debt to Asset Ratio. Sales Growth has a positive and significant effect on Company Value.