Index
Uncertainty and Challenges in Contemporary Economic Behaviour
ISBN: 978-1-80043-096-9, eISBN: 978-1-80043-095-2
Publication date: 25 September 2020
This content is currently only available as a PDF
Citation
(2020), "Index", Özen, E. and Grima, S. (Ed.) Uncertainty and Challenges in Contemporary Economic Behaviour (Emerald Studies in Finance, Insurance, and Risk Management), Emerald Publishing Limited, Leeds, pp. 285-292. https://doi.org/10.1108/978-1-80043-095-220201019
Publisher
:Emerald Publishing Limited
Copyright © 2020 Emerald Publishing Limited
INDEX
Note: Page numbers followed by “n” indicate foot notes.
Ability-signaling hypothesis
, 53–54
Accounting (see also Behavioral accounting)
, 78
system
, 80
Accounting decisions (see also Non-accounting decisions)
, 53–54
Agency theory
, 83, 118–119
AHP model
, 162
Akaike Information Criteria (AIC)
, 133–134
Anglo-Saxon Model
, 120
Anonymity hypothesis
, 56–57
ARAS method
, 162
Asset quality
, 164
Asymmetric causality test
, 146–147, 149–150
cointegration test
, 148–149
data, analysis, and findings
, 151–155
between developed and emerging markets
, 146
literature
, 147–148
methodology
, 148
Audit firms
, 54
Augmented Dickey Fuller test (ADF test)
, 66
findings
, 69
unit root test
, 67, 133, 152–153
Banking system
, 160
Banks
, 160
Banks Listed in Borsa Istanbul (BIST)
, 161
banks
, 160–161
data set
, 164–165
findings
, 170–175
GRA
, 165–168
limitations
, 179
literature review
, 161–164
results
, 175–179
TOPSIS
, 168–170
Behavioral accounting
, 78
agency theory
, 83
contingency approach
, 82
development
, 78–79
equality theory
, 81–82
expectation theory
, 81
factors influencing behavioral dimension of accounting
, 79–81
goal setting theory
, 82
neuroaccounting
, 84–86
private sector in Turkey
, 77
research in World and Turkey
, 83–84
theories in
, 81
Behavioral finance theory
, 128
Big-Four audit firms
, 54
“Bim” service
, 92
Bonus contract hypothesis
, 54–56
Borsa İstanbul manufacturing industry firms
, 38–39
Brazil, Russia, India, China and South Africa (BRICS)
, 23–24
Business
, 140
climate change disrupt business of bank’s customers
, 140–141
Capital
adequacy
, 164
flow
, 146
Capital Expenditure (CAPEX)
, 222
Capital expenditure to sales ratio (CAPEXS ratio)
, 223
Cash flow volatility (CFV) (see also Earnings volatility (EV))
, 218, 246
modelled impact on Maltese operational CFV
, 244–246
POMs for
, 255
reduction in
, 223–225
Causality analysis
, 152
Central Bank of Malta (CBM)
, 197
Chi-square (x2)
distribution
, 68
test statistics
, 25
Climate change
, 139
confusing regulators
, 143
damaging physical collateral
, 140
disrupt business of bank’s customers
, 140–141
disrupt operations of financial institutions
, 140
effect on financial sector
, 139–140
effect on financial system
, 142
harsher working conditions
, 141
higher disclosure requirement and costs
, 142
increased insurance premiums and reduction in coverage
, 141
leading to capital flight
, 143
loss of office branch networks
, 142
severe climate change leading to increased insurance claims and liabilities
, 141
uncertainty destabilizes financial markets
, 143
Cluster
analysis
, 3, 7–8
sampling
, 8
Collaborative intervention theory of financial inclusion
, 101
Collapse avoidance hypothesis
, 57–58
Collective Investment Schemes
, 230
Commodity price risk (CPR)
, 234
Community Echelon theory of financial inclusion
, 98–99
Confidence
, 129–130
indices
, 128–129, 132
Consumption price index (CPI)
, 25
Continental Europe Model
, 120
Contingency approach
, 82
Corporate governance
, 119–120
models
, 123–124
Corporate risk management
, 218
Costs of financial distress (CFD)
, 220
Country-level investor protection
, 120
Crash model
, 25
Critical mass of operations
, 226–227
Culture
, 79
shock
, 199
Cumulative logit link function
, 224
Cumulative seasonal decomposition method
, 151
Customs
, 279–282
Data
pre-processing
, 166
set
, 164–165
Decision(s)
, 80
decision-making process
, 160
matrix
, 166
Derivative hedging instruments (DHIs)
, 218
accounting treatment applied for DHIs and Hedging relationships
, 242–243
comparison of results with previous studies and deliberation
, 246–249
descriptive statistics pertaining to variables
, 238
determinants of Maltese DHI usage
, 236
impact on DHI usage and HA on local earnings and operational CFV captures
, 243
Mann–Whitney-U test outcomes
, 239
modelled impact on Maltese EV
, 243–244
modelled impact on Maltese operational CFV
, 244–246
number of DHI identifications
, 237
prevalence of Maltese DHI usage
, 232–236
rationale for DHI usage
, 219–220
significant determinants at individual proxy variable level
, 240
significant determinants resultant from Logit model
, 240–242
Dickey–Fuller-Generalized Least Squares unit root test (DF-GLS unit root test)
, 152–153
Direct fixed capital investment (GSSO)
, 66, 68
Dow Jones Industrial Average index (DJIA index)
, 148, 151, 153–155
Earnings volatility (EV) (see also Cash flow volatility (CFV))
, 218, 224
POMs for
, 255
reduction in
, 223–225
Economic
agents
, 22
confidence index
, 129
efficiency
, 277
indicators
, 128
migration indicators
, 3
sensitivity index
, 130
Economic policy uncertainty index (EPU index)
, 22, 32
Effective hedgers (EH)
, 227n10
Equality
in taxation
, 277
theory
, 81–82
Error correction models (ECM)
, 63, 134
Ethical understanding
, 81
European Economic and Social Committee (EESC)
, 198
European Markets Infrastructure Regulation (EMIR)
, 230
European Parliament (EP)
, 196
European Securities and Markets Authority (ESMA)
, 230
European Union (EU)
, 277
immigration cluster analysis results
, 9–12
progress report for Kosovo
, 279–282
Facial Coding (FaCs)
, 85
Filipino live-in care workers in Malta
, 198
choosing Malta
, 201–204
contextual setting
, 197–199
life beyond work
, 210–211
methodology
, 199–201
motivation and employer’s relations
, 207–208
social integration
, 208–210
working conditions
, 204–207
Filipino migrant community
, 197
Final prediction error (FPE)
, 133–134
Financial Crisis Inquiry Commission (FCIC)
, 186–187
Financial inclusion
, 90
case studies
, 104–105
empirical data
, 104
foundations
, 91–93
theories of financial inclusion beneficiary
, 93–98
theories of financial inclusion delivery
, 98–102
theories of financial inclusion funding
, 102–104
theory in
, 90–91, 109–115
Financial/finance
climate change disrupt operations of financial institutions
, 139–140
entity
, 230n12
information
, 160
integration
, 146
literacy theory of financial inclusion
, 101–102
markets
, 146
policy
, 62
potential costs of financial distress
, 220–222
reporting
, 49, 51
skills
, 50
stem
, 142
system regulators
, 143
Foreign currency risk (FCR)
, 234
Forensic accounting theory (see also Behavioral accounting)
, 49–50, 52–53
ability-signaling hypothesis
, 53–54
accounting decisions
, 53
literature review
, 50–52
materiality hypothesis
, 53
non-accounting decisions
, 54–58
Fraud
detection
, 49–50, 52
schemes
, 51
Functional magnetic resonance imaging (fMRI)
, 85
G2P social cash transfer
, 96
Galvanic skin response (GSR)
, 85
Gearing ratio (GR)
, 222
Global financial crisis (2008)
, 22–23, 62
on cause of crisis
, 186–187
liquidity
, 191
long before financial crisis
, 185–186
preparing for next
, 192–193
questioning economics profession
, 190–191
reflections after financial crisis
, 188–189
rethinking economics of financial regulation
, 189–190
shortly before and during
, 186
Sober reflection
, 193
Global risk perception
, 23, 25, 29
Goal setting theory
, 82
Granger casualty/causality test
, 64–65, 135
Gray relational analysis models (GRA models)
, 161, 165–168, 173–174
Gray relational coefficient matrix
, 167
Gross domestic product (GDP)
, 6, 63
per capita
, 7
Hannan Quinn criteria (HQ)
, 133–134
Hatemi-J asymmetric causality test
, 154
Hedge accounting models (HA models) (see also Behavioral accounting)
, 218–219
impact on local earnings and operational CFV captures
, 243
reporting volatility reduction and adoption of HA regime
, 227–228
Hedge fund activism
, 120–122
Hedging
, 218
characteristics of DHI users
, 219–220
data and sampling frame
, 230
derivatives
, 220
detailed variable descriptions
, 256–257
determinants of Maltese DHI usage
, 236–249
effective reduction of entity’s corporate tax rate
, 220–222
explanatory note on use of POMs for EV and CFV
, 255
firms
, 227
HA models
, 218–219
hypothesis formulation for factors affecting Maltese entities’ DHI usage
, 220
mitigating inefficient investment
, 222
mitigation of agency problem and critical mass of operations
, 226–227
model specifications
, 230–232
non-normality of data collected for variables under study
, 254
parsimonious model selection
, 253
potential costs of financial distress
, 220–222
prevalence of Maltese DHI usage
, 232–236
reduction in EV and CFV
, 223–225
reporting volatility reduction and adoption of HA regime
, 227–228
research findings and deliberation
, 232
research methodology outline
, 228–230
Humanitarian migration (see also International migration)
, 14
indicators
, 3
IMF Report for Kosovo 2018
, 282
Immigration
, 197
Impulse–response functions
, 33
Imputed tax rate (ITR)
, 221
Income tax rate (ITR)
, 220
Income–expenditure structure
, 164
Index returns of developed markets
, 146
Indian stock market
, 148
Industry/industrial production index (IP)
, 25, 66
Ineffective hedgers and speculators (IS)
, 227n10
“Inferior” taxes
, 276
Inflation
, 29
Insolvency rules
, 40
Interbank (I)
, 25
rate
, 33
settlement infrastructure
, 142
Interest channel of monetary transmission mechanism
, 62
Interest coverage ratio (ICR)
, 39, 42–44
Interest rate risk (IRR)
, 218, 234
Interest rates
, 66, 129–131
International Labour Organisation (ILO)
, 196
International migration
, 2–4
data–selected indicators
, 6–7
EU-10 immigration cluster analysis results
, 9–12
indicators
, 6
research methods
, 7–9
SEM models and results
, 12–19
theoretical approaches of
, 4–6
International Organization for Migration (IOM)
, 4
Investors
, 160
aim of study
, 131
data methodology and findings
, 131–136
hypotheses
, 131
literature
, 129–131
sentiment
, 128–129
Irrational behavior of investors
, 128
Jarque–Bera coefficient
, 132, 151
Johansen cointegration
, 149, 153
analysis
, 134
test
, 148, 154
Juselius cointegration method
, 149, 153
“Just Vote No” campaigns
, 123
Kosovo’s fiscal policies and tax system
changes in fiscal system in
, 278–279
contemporary requirements set out in field of taxation and EU
, 275–277
EU progress report for
, 279–282
IMF Report for Kosovo 2018
, 282
literature review
, 275
tax system in EU
, 277–278
VAT
, 274–275
Kurtosis coefficient
, 152
Labour code
, 205
Lee–Strazicich unit root test
, 25–28
Legal Entity Identifier (LEI)
, 230
Likelihood Ratio (LR)
, 133–134
Liquidity
, 164, 191
Live-in care workers
, 196
Logit model
, 229, 240–242
explaining Maltese DHI usage
, 230–231
M-Pesa
, 92
Macroeconomic
policy uncertainty
, 22
variables
, 129
Malta Stock Exchange (MSE)
, 227
Mann–Whitney-U test
, 229, 240
Market
participants
, 128
price of banks
, 160
Materiality hypothesis
, 53
MAUT method
, 162
Maximum likelihood estimation method (MLE method)
, 9, 134
Micro entrepreneur actors
entrepreneurship activities of
, 263–264
infrastructure regulations for economic activities of
, 264
solutions for rehabilitation of economic activities of
, 264–265
Micro entrepreneurship
, 260
Migration
, 2, 4
integrative study
, 3
Mobile technology
, 93
“Modelo Peru”
, 92
Monetary policy
, 22, 62
Monetary transmission mechanism
, 62–63
ADF unit root test
, 67
data series
, 66
findings of ADF unit root test
, 69
findings of unit root test with Zivot–Andrews structural breakup
, 69–70
literature review
, 63–66
stability analysis
, 66
Toda–Yamamoto causality test
, 68, 70–72
in Turkey-based study
, 66
Zivot and Andrews unit root test
, 68
Morgan Stanley Capital International Emerging Market Index (MSCI Emerging Market Index)
, 151, 153
Multiple criteria decision making methods (MCDM methods)
, 161–162, 165
‘Nagelkerke Pseudo-R2’ model
, 231
National Statistics Office (NSO)
, 206
Natural hedging techniques
, 218
Negative shocks
, 149–150
Neuroaccounting
, 84–86
Neuromarketing
, 86
Non-accounting decisions
, 54
anonymity hypothesis
, 56–57
bonus contract hypothesis
, 54–56
collapse avoidance hypothesis
, 57–58
Non-contractual hedging techniques
, 218
Non-normality of data collected for variables under study
, 254
Non-parametric statistical hypothesis tests
, 229n11
Non-zombie firms
, 45
“One-share, one-vote” principle
, 119
One-way Mann–Whitney-U hypothesis tests
, 229
Ordered logit model
, 230–231
Organizational culture
, 80
Pakistan Stock Exchange (PSX-100)
, 148
Parsimonious logit model
, 231
Phillips–Perron unit root test (PP unit root test)
, 133
PMJDY scheme
, 92
Policy
resolutions
, 62
uncertainty
, 22–23
Positron emission tomography (PET)
, 85
PPE to sales Ratio (PPES Ratio)
, 223
Profitability ratios
, 163–164
Property plant and equipment (PPE)
, 222
Proportional odds model (POM) (see also Structural equation modelling (SEM))
, 229–231
for EV and CFV
, 255
for Maltese EV
, 232
for Maltese operational CFV
, 232
Re-finance
, 38
Real effective exchange rate index (REER)
, 25
Real gross domestic product (RGDP)
, 66
Reference serial matrix
, 166
Registrar of Companies (RoC)
, 230
Risk
, 218
management
, 218
SAW method
, 162
Say-on-Pay reforms
, 123
Schwarz Bayesian data criteria (SBC)
, 70
Schwarz criteria (SC)
, 133–134
Seemingly Unrelated Regression method (SUR method)
, 71
Shareholder activism
, 118–120, 123–124
corporate governance models and shareholder activism
, 123–124
hedge fund activism
, 120–122
“just vote no” campaigns
, 123
say-on-pay
, 123
shareholder proposals
, 122
types
, 120
Shareholder proposals
, 122
Social integration
, 208–210
Social isolation
, 199
Social wellbeing
, 197
Society
, 92, 96–97
Steady state typography (SST)
, 85
Stock returns
, 163
Street economy
, 260–261
in sustaining urban life esthetics and ergonomics
, 261–263
Structural equation modelling (SEM)
, 3, 7, 9
models and results
, 12–15
results for EU-10 countries
, 18–19
Structural VAR analysis (SVAR analysis)
, 64
Sustainable economic development
, 274–275, 277
Tax
, 276
administration
, 275
changes in fiscal system in Kosovo
, 278–279
in EU
, 277–278
harmonization
, 276
neutrality
, 276
reforms
, 275
revenues
, 274
system
, 275
Taxation
, 275–276, 282
Theory of ‘Psychological Contract’
, 199
Threshold VAR method (TVAR method)
, 23–25
Toda–Yamamoto
causality test
, 68, 70–72
method
, 64–65
Todim Fuzzy method
, 162
TOPSIS method
, 161, 162, 165, 168–171
Traditional accounting
, 79
Traditional finance theory
, 128
Turkey
behavioral accounting research in
, 83–84
Turkish economy
, 65, 129
Uncertainty
, 22, 24, 218
destabilizing financial markets
, 143
United Nations High Commissioner for Refugees (UNHCR)
, 7
Urban culture
, 269
Urban life esthetics, street economy in sustaining
, 261–263
US Economic Policy uncertainty impact on developing countries
data and methodology
, 24–25
empirical results
, 25–33
literature
, 23–24
policy uncertainty
, 22–23
US stock markets
, 148
Vector autoregression model (VAR model)
, 63–64, 134, 148, 150, 153
Vector error correction model (VECM)
, 134–135
Volatility clustering
, 223
Volunteering
, 209
Zero hypothesis
, 134
Ziraat Bank
, 161–162
Zivot and Andrews unit root test
, 68
with Zivot–Andrews structural breakup
, 69–70
Zombie firms
, 38–39
literature review for
, 39–42
methodology
, 42–44
results
, 44–46
- Prelims
- Chapter 1: Challenges and Perspectives of International Migration in Europe within the Brexit Framework
- Chapter 2: The Impact of US Economic Policy Uncertainty on Developing Countries Under Different Economic Cycles: A Nonlinear Approach
- Chapter 3: The Investigation of Zombie Firms’ Existence in Borsa İstanbul Manufacturing Industry
- Chapter 4: Forensic Accounting Theory
- Chapter 5: Econometric Analysis for the Period Between 2003 and 2018 as Regards the Functioning of Interest Channel of Monetary Transmission Mechanism in Turkey
- Chapter 6: A Conceptual Framework for Behavioral Accounting
- Chapter 7: Theories of Financial Inclusion
- Chapter 8: Shareholder Activism: What Does It Refer to?
- Chapter 9: Relationship Between Interest Rates, Exchange Rate and Investor Sentiment in Turkey
- Chapter 10: Effect of Climate Change on Financial Institutions and the Financial System
- Chapter 11: Testing for Asymmetric Causality Between Developed and Emerging Markets
- Chapter 12: An Assessment for Financial Performance of Banks Listed in Borsa Istanbul By Multiple Criteria Decision Making
- Chapter 13: 100 Quotes from the Global Financial Crisis: Lessons for the Future
- Chapter 14: Labouring Behind Closed Doors: The Working and Living Conditions of Filipino Live-in Care Workers in Malta
- Chapter 15: Too Small to Hedge? The Case for Derivatives Hedging for a Small Island State
- Chapter 16: The Effect of Micro Entrepreneur Arrangements to City Culture in Terms of Urban Esthetics and Street Peace in the Urbanization Process
- Chapter 17: A Study of Kosovo’s Fiscal Policies and Tax System: Key Issues to Align with European Standards
- Index