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Background/Introduction: Investor trust and brand relationship quality, along with initiatives for environmental, social, and governance (ESG), have become highly important. Despite their relevance, limited research has been conducted on how ESG initiatives influence investors' perceptions in financial markets. Objectives/Aims: This work conducts a cross-sectional analysis to examine the relationship between perceived ESG initiatives and investor trust and brand relationship quality among retail investors in Hong Kong, one of one of the world's leading financial markets. Methods: This study involved 479 retail investors. Three instruments were administered in the questionnaires: (1) the perceived environmental, social, and governance scale, (2) the investor trust scale, and (3) the brand relationship quality scale. Results: The analysis demonstrates that PESG and various aspects of investor trust and brand relationship quality had strong positive correlations. Notably, the environmental and social concerns of PESG were found to be strong predictors of investor trust and brand relationship quality, whereas governance awareness had the least effect. Conclusions: Improving a firm's ESG image can boost investors' confidence and the quality of brand relationships, thus aligning with sustainability and business strategies. [ABSTRACT FROM AUTHOR]

• We use a variety of network analysis metrics to measure the Chinese financial sector's closeness and centrality. • The intersectoral structural feedback relationship between the financial sector and other sectors is identified using Causative matrix. • Chinese financial sector has profound push effects in the economy. • The financial sector is becoming less tightly linked to other sectors as resource consumption and production distribution become more diverse. This study examines the intersectoral linkages and evolving role of the Chinese financial sector in the economic network, with a variety of network analysis metrics, and structural changes to its intersectoral structural feedback relationship, with the Causative matrix. Our analysis yields four main results. First, Chinese financial sector (with greater downstream network closeness than upstream closeness) drives growth in its downstream sectors and has significant supply-side effects in economy. Second, the financial sector serves as an important network intermediary, facilitating transactions and interactions among various economic sectors. Third, the more externalized (pre-Global Financial Crisis) financial sector, which received significant feedback from other sectors' final demand, became more internalized after the crisis. Finally, the financial sector is becoming less tightly linked to other sectors, with heterogeneous resource consumption and production distribution, and vulnerability to systemic risks. Policy integration of intersectoral linkages and financial leverage can promote economic growth and manage systemic risks. [ABSTRACT FROM AUTHOR]

Metaverse is an emerging digital space that uses innovative technologies to allow users to facilitate building relationships virtually and to create new interaction opportunities. Even, the financial sector has been disrupted by the metaverse involving digital assets, cryptocurrencies, blockchain technology, and decentralized finance. The objective of this paper is to focus on novel intelligent systems technologies with the potential for application in the financial area to have a better knowledge of the current research topics, challenges, and future directions. A systematic literature review was conducted analyzing papers on technological innovation of the metaverse in financial sector. Following the PRISMA methodology, we have selected 29 primary studies from five scientific databases to be included in the review. The results show that 11 types of innovative metaverse technologies are applied in the financial sector, developing financial innovations, among which the most discussed is cryptocurrency. Among the opportunities that the use of the metaverse brings to the financial sector, the reduction of transaction costs is the most discussed. Finally, five open challenges in the use of metaverse technologies in the financial sector have been identified, relating to the use of data, the application of technologies, social integration, financial innovation, and regulatory compliance. Based on this study, recommendations on future research directions are provided to the scientific community. [ABSTRACT FROM AUTHOR]

Copyright of Accounting & Auditing Perspective Magazine / Muhasebe ve Denetime Bakış is the property of Union of Chambers of Certified Public Accountants of Turkey (TURMOB) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of GeSec: Revista de Gestao e Secretariado is the property of Sindicato das Secretarias e Secretarios do Estado de Sao Paulo (SINSESP) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Incorporating ground-breaking technologies such as deep learning (DL) has revolutionized predictive modelling in the rapidly evolving landscape of the finance sector. DL approaches, capable of extracting complex patterns from vast data collections, become an efficient approach for predicting financial trends. By integrating the complex neural network architecture with comprehensive datasets, including investor sentiment, market indicators, and economic variables, finance experts have introduced prediction models well known for their ability to capture the nuanced dynamics of financial markets with remarkable performance. Incorporating DL approaches within the finance sector provided the basis for more informed decision-making, enabling institutions, investors, and analysts to capitalize on emerging opportunities with greater confidence and precision and navigate market volatility. This study develops a novel quasi-oppositional coot algorithm with a deep learning-based predictive method on the financial sector (QOCODL-PMFC) technique. The QOCODL-PMFC technique aims to perform a prediction process on the financial sector. The QOCODL-PMFC method applies min-max normalization to measure the input dataset into a meaningful format to achieve this. Next, the QOCODL-PMFC method designs the QOCO technique for selecting an optimal set of features. The QOCODL-PMFC technique applies the attention bidirectional gated recurrent unit (ABiGRU) model for the prediction process. The Harris Hawks Optimization (HHO) model is utilized to boost the performance of the ABiGRU network. The simulation evaluation of the QOCODL-PMFC technique is tested under a benchmark finance dataset. The experimental values of the QOCODL-PMFC technique exhibit a minimal MSE of 0.7452 over other models.

The purpose of the article is to theoretically comprehend the essence of big data, identify the advantages and risks of its use by financial organisations. The article presents the results of systematisation of knowledge about the nature and features of the big data. It has been revealed that the technology makes it possible to do better analytical research, create models for forecasting economic trends and market changes, study market dynamics, analyse medical data to improve diagnosis and choice of treatment methods, predict failure or breakdown of equipment in production by assessing data from sensors, develop social and economic programmes at the state level, identify fraud and corruption in the financial sector, etc. The relevance of the rapid development of the big data technology and the expediency of its use in this sphere is substantiated. As a result of the analysis of scientific literature, the author’s definition of the technology in the financial sector is presented. Its novelty lies in considering the features and advantages of applying the big data by financial organisations. The study of the modern practice of their usage in these institutions has revealed the main strengths and disadvantages of the technology in question.

This research article investigates the relationship between inflation and the performance of the financial sector within OECD countries, a group critical to global economic stability. The financial sector is a basis of sustainable economic growth, and its performance is heavily influenced by the macroeconomic environment, particularly inflation. This study analyses how inflation, alongside other significant factors such as real GDP growth, government size, trade openness, and interest rates, impacts the financial sector development. By examining data from 38 OECD countries over a 20-year period (2002-2021), this research employs a comprehensive approach using both static and dynamic panel regression models. The results consistently indicate a negative correlation between inflation and the key financial sector variables, suggesting that higher inflation levels undermine financial sector performance. These findings underscore the importance of maintaining low and stable inflation to foster an efficient and stable financial sector. This study makes a valuable contribution to the literature by focusing specifically on OECD countries, which are often seen as benchmarks for economic policies and financial systems.

This study aims to explore the financial implications of intellectual capital in the Jordanian financial sector during the period 2009–2018. It uses Pulic’s (2004) value-added intellectual capital model, particularly capital employed efficiency, structural capital efficiency, and human capital efficiency, and tests its potential effect on firm financial performance measures, including return on assets, return on equity, asset utilization ratio, and Tobin’s Q. The study’s findings demonstrate that value-added intellectual capital positively influences the financial performance of Jordanian financial companies. Value-added intellectual capital is not found to have a significant impact on productivity, but it is strongly and positively related to firm profitability and market value. As for the main components of value-added intellectual capital, human capital efficiency has a significantly positive impact on a company’s performance, but regarding structural capital efficiency, the outcomes vary depending on the measure of firm performance. Notably, when firms are categorized into sub-industries (banks, insurance companies, and financial service companies), it is found that the profitability of insurance companies is more affected by intellectual capital than that of banks or financial services. The results also show that investors place great importance on the efficiency of intellectual capital, particularly within the banking industry. Furthermore, implementing Shariah compliance standards boosts the positive effect of structural capital efficiency on corporate market value and reinforces the positive influence of human capital efficiency on productivity.

Financial stability is one of the key conditions for sustainable economic development of the country. The banking system plays an important role in ensuring financial stability and development of economic structures. However, banking activities are associated with certain risks that may negatively affect financial stability and economic development. The analysis of banking risks in the context of financial stability and development of economic structures in Ukraine is an urgent issue for research. The article is devoted to the analysis of banking risks in the context of financial stability and development of economic structures in Ukraine. The importance of the stability of the banking system for the country's economy is noted, and it is emphasized that the analysis of the financial condition and risks is a key element of the management of a banking institution. The article highlights the results of research by domestic scientists on banking risks and considers the classification of risks according to the methodology of the National Bank of Ukraine. The main focus is on credit risk, which is considered in the context of changes in the economy, the use of credit in enterprises and households, global financial markets and modern technologies for its assessment and management. The article aims to emphasize the importance of credit risk analysis in the context of modern challenges and opportunities in the banking sector of Ukraine.

Abstract The main objective of this paper is to discuss and examine the relationship between intellectual capital and financial services and to show if the financial sector is positively influenced by intellectual capital. We used the descriptive analytical approach assuming that there is a positive effect of the independent variable which is intellectual capital on the dependent variable which is financial services. The result of SPSS program (version 21) indicated that there is a weak direct correlation and a significant effect at a weak rate estimated at 9, 6% between intellectual capital and the improvement of financial service in Algerian banks.

The article substantiates the possibility of using R\S analysis for currency market research. The work is aimed at researching the currency market. The issue of research using R\S of the currency market is a new scientific direction. The study of the foreign exchange market, its regulation, influence on the financial systems of the countries of the world is gaining relevance these days. Foreign exchange transactions are often equated with the process of buying or selling securities. The paper analyzes the behavior of currency quotes on the foreign exchange market by determining the dynamic changes over time of the Hurst indicator, as one of the tools of R/S analysis, within the framework of the fractal market hypothesis. Calculations of the Hearst index were carried out according to the adjusted formulas of R/S-analysis, which allows to compare the value of the indicator on the foreign exchange market of Ukraine in different economic conditions. In a stable economic situation, the Hearst indicator tends to maintain its average value, while it is an indicator of events that directly or indirectly affect the state's economy and the rate of its national currency. The purpose of the work is to study the behavior of exchange rates of currency pairs by monitoring the Hurst indicator, as one of the tools of fractal analysis, within the framework of the fractal market hypothesis. Forecasting the future behavior of exchange rates is very important, as it allows to reduce currency risks and ensure the improvement of the effectiveness of various decisions in the field of international financial management. The Hurst indicator is widely used in time series analysis due to its stability. Its calculation requires minimal assumptions about the system being studied, and based on it, time series can be classified by memory type and depth. It can distinguish a random series from a non-random one. The paper provides an example of calculating the Hurst index using Mandelbrot's method. This indicator is used as an indicator of the long-term memory of time series. Hurst's indicator as a tool for fractal analysis of systems allows you to determine the degree of persistence of financial series, the presence of long-term memory in the currency market. Daily data on the exchange rate of the hryvnia to the dollar and the euro are taken from the official website of the NBU. It turned out that periods of stability of the hryvnia exchange rate relative to other currencies are observed in different years. Accordingly, the fractal dimension of the series also changes. For most periods of the hryvnia exchange rate, anti-persistent series were found, that is, when the decline is most likely replaced by growth. R\S analysis techniques analysis is a key tool for market analysis, which allows you to understand when and which assets should be bought and when to sell.

The banking industry plays a crucial role in driving the Indonesian economy. Therefore, any financial upheaval within this sector would have a significant influence on the overall economy. Hence, this study examines the capital composition of banking institutions in Indonesia to assess the financial soundness of the banks. A bank’s susceptibility to default will adversely affect client confidence in the bank. This study investigates the influence of governance attributes, such as board size, board meeting frequency, risk committee presence, institutional ownership, and independent committee existence, on the capital structure of Indonesian banks. 31 samples were intentionally chosen using purposeful sampling. Data estimation was performed using a two-step Arellano-Bond Generalized Method of Moments (GMM) estimator. The findings suggest that the bank risk committee, institutional ownership, and independent committee exert a notable and favorable influence on the capital structure of banks in Indonesia. Nevertheless, the size of the board and the frequency of board meetings do not exert a substantial impact. The size of the board and the use of leverage have no substantial impact. Developing efficient corporate governance procedures is essential for ensuring the bank’s financial stability. This involves maximizing the effectiveness of the risk committee, institutional ownership, and independent committee. AcknowledgmentThis paper is funded by PPM-PTM Grants of the Ministry of Education, Culture, Research and Technology of 2023 (03/SP2H/RT-MONO/LL4/2023).

Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The mounting level of environmental degradation in Malaysia constitutes a grave issue to analysts and policymakers because it has adverse impact on climate change and human lives. This study is motivated by the dearth of a comprehensive research on the environmental impact of sectoral growth. It focuses on sectoral growth because of the need to strike a balance between the economic and environmental impacts of the agricultural, industrial, and financial sectors in Malaysia. Therefore, this study analyses the environmental impacts of the agricultural, industrial, and financial sectors in Malaysia during 1980–2018. It uses ecological footprint and carbon emissions as indicators of environmental degradation to properly capture various aspects of environmental degradation. It employs the Environmental Kuznets Curve (EKC) model and Autoregressive Distributed Lag (ARDL) procedure. This study contributes to the extant literature by showing that the agricultural, industrial, and market-based financial sectors aggravate carbon emissions while the bank-based financial sector mitigates carbon emissions in Malaysia. However, the impacts of the agricultural, industrial, and financial sectors on ecological footprint are tenuous. Though the EKC hypothesis is verified, energy consumption worsens ecological footprint and carbon emissions. The findings are robust to structural breaks and satisfactory diagnostic tests. This study implies that the agricultural, industrial, and financial sectors are significant determinants of carbon emissions. Since Malaysia cannot afford to sacrifice sectoral development for environmental sustainability, it is necessary for stakeholders to embrace environmental-friendly techniques that can boost sectoral development without compromising environmental quality. [ABSTRACT FROM AUTHOR]

This study investigates whether green bonds have an issuance cost advantage over conventional bonds (greenium), examines the impact of geopolitical risks on their price dynamics, and explores the industry-specific effects of such risks in the financial sector. Using a dataset of 270 green bonds and 667 conventional bonds from May 2018 to August 2021, this study applies a two-step panel estimation method to analyze the influence of geopolitical risks on green bond pricing. The findings indicate that green bonds in China have an issuance cost advantage compared to traditional bonds, with a premium of 10–12 bps. Additionally, both recent and historical geopolitical risks, including GPR threats and GPR acts, significantly reduce green bond financing costs, with the China-specific geopolitical risk index having the most substantial impact, lowering costs by up to 17.4 bps. This study also highlights the financial sector, where green bonds do not display an issuance premium, and geopolitical risk has a slightly lower effect compared to the overall market. These results provide a comprehensive analysis of the impact of geopolitical risks on the pricing of Chinese green bonds, utilize strict screening criteria and the latest two-stage panel estimation method for more reliable analytical conclusions, and establish green bonds as reliable tools for sustainable investment. [ABSTRACT FROM AUTHOR]

Arbitration, as a form of Alternative Dispute Resolution (ADR), has witnessed a surge in popularity within India in recent years, particularly as trade barriers have been removed and the country's commerce has opened up. International Commercial Arbitration, in particular, has gained significant importance. In comparison to traditional litigation, arbitration is widely regarded as the preferred method for resolving disputes due to its numerous advantages and benefits for the parties involved. While there are certain drawbacks, the accessibility of arbitration and its ability to deliver timely justice are contributing to its growing appeal in the foreseeable future. In the realm of the financial industry, arbitration has become notably widespread. The establishment of guidelines and standards has been instrumental in promoting the use of arbitration within this sector. This study delves into the landscape of international commercial arbitration in India and modestly attempts to identify the challenges faced by the parties involved. [ABSTRACT FROM AUTHOR]

As part of its European Data Strategy, the EU wants to create a market for non-personal data and unlock the sharing of industrial data between companies. This theory-building case study suggests that businesses' data governance preferences are determined by their position in the data value chain and thus whether firms monetise data as data holders (producers) in the upstream or as data reusers (access seekers) in the downstream segment. While the latter favour legal rules for governing data sharing, the former prefer only contractual agreements. The data value chain theory draws on concepts of the role of data in value creation in the digital economy and on case evidence from the automotive and financial sectors, which are typical cases of digital disruption. The theory helps to better understand coalition building in business lobbying activities, the potential dynamics between private self-regulation and public policies, and the probable feedback effects of digital policies on corporate power sources. [ABSTRACT FROM AUTHOR]

This article analyzes the scope of women's labor participation in Mexico's financial sector and its impact on the generation of sustainable development, with a particular focus on the use of new technologies during the period 2020-2030. The research is based on a documentary approach, reviewing relevant literature, statistical data and case studies. Qualitative and quantitative methods were used to assess the integration of women in the financial sector and their contribution to sustainable development. The results indicate that female participation has increased significantly, driven by inclusive policies and the adoption of emerging technologies. The conclusions highlight that the inclusion of women in key roles within the financial sector not only promotes gender equality, but also fosters sustainable practices and improves the competitiveness of the sector. The continued implementation of inclusion policies and the promotion of digital literacy among women are recommended to maintain this positive trend. [ABSTRACT FROM AUTHOR]

There are more plastic cards in the wallet than currency notes. This change is because the Indian banking industry, is going through an IT revolution to be competitive with the other developed and developing nations and other regulatory reason has led to total banking automation in the Indian Banking Industry. According to KPMG-CII report, India has the capability to become the third largest by 2025 and fifth largest in the world by 2020 in the banking industry. Also, India’s banking industry is worth Rs. 81 trillion and it is utilising latest internet infrastructure to be competitive to other economies. The Indian banking system consists of 26 public sector banks, 20 private sector banks, and 43 foreign banks, together with 61 regional rural banks (RRBs) and over 90,000 credit cooperatives. The change towards internet banking is intensified by the changing dynamics in India as it is about to become one of the youngest countries in the world by 2020, the average age being 29 years. And this young population is technology savvy and wants real time online information. As the users of the online banking will increase rapidly in the years to come, these systems are becoming the most likely targets of hackers and cyber criminals. Banking institutions must take all measures to make online banking system safe, to maintain the customer trust and satisfaction level for online banking. To be protected by the cyber security threat banking institutions will have to develop effective and efficient customer awareness programs as safety from cyber threats related to bank are equally interdependent on the level of awareness of using the banking online system and does not solely depend on the safeguards and practices implemented by the bank. This makes it very difficult for banking institutions to maintain the confidentiality and integrity of the banking system. The research will try to assess whether there is awareness of threats of online banking among the users that comprise online banking and to further analyse whether there is a difference in awareness of the users on the basis of Age and Gender. [ABSTRACT FROM AUTHOR]

The main objective of this study is to find out the financial incentive factors behind employee motivation, especially in financial institutions in, Pakistan. Salary, housing allowance, and medical insurance were independent variables, and employee motivation was dependent. The sample size was 300, only collected from 190 financial institutions in Pakistan. Questionnaires collect primary data via Google Forms. We used a random sampling method for sample selection. Correlation analysis suggests that all variables have a strong positive correlation (r>0.70)--regression analysis is used to check the effect of financial incentives on employee motivation. The findings suggested that salary, housing allowance, and medical insurance have positive statistical significance (p<0.05) on employee motivation. This research supports that all organizations should focus on financial rewards to employees' motivations for better organizational performance. [ABSTRACT FROM AUTHOR]

Copyright of Informacion Comercial Espanola Revista de Economia is the property of S.G.E.E.I.P.C., Secretaria de Estado de Comercio, Ministerio de Industria, Comercio y Turismo and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Brazilian Journal of Law & International Relations / Relações Internacionais no Mundo is the property of Relacoes Internacionais no Mundo and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Financing is the property of Financing and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The aim of this paper is to explore the mediating role of corporate image between corporate social responsibility and marketing performance in the financial sector. Data were collected from 220 Ghanaian financial houses. Questionnaire for the data collection was based on measurement scale. Statistical values were derived to test the relationship between the three variables understudy. The effect of corporate image on marketing performance was found to be positive. Corporate image was also found to positively mediate the relationship between corporate social responsibility and marketing performance. Fostering corporate social responsibility and maintaining high corporate image will have a direct positive effect on marketing performance of financial houses. The paper thus contributes to marketing performance studies by extending the predictors of firm performance to test the mediating role of corporate image. [ABSTRACT FROM AUTHOR]

Does innovation drive mergers and acquisitions in the financial sector? This issue is challenging because classical measures of innovation are unavailable in the financial sector. Thus, we introduce an innovation measure that can be used for financial firms. Considering US financial deals, we highlight the impact of a financial firm's innovative activities on the likelihood of becoming an acquirer or a target. We detect a 'like buys like' effect, implying that financial mergers and acquisitions are more likely when firms are at a similar level of innovation. We further show that this effect is associated with greater synergistic value. [ABSTRACT FROM AUTHOR]

The main objective of this paper is to discuss and examine the relationship between intellectual capital and financial services and to show if the financial sector is positively influenced by intellectual capital. We used the descriptive analytical approach assuming that there is a positive effect of the independent variable which is intellectual capital on the dependent variable which is financial services. The result of SPSS program (version 21) indicated that there is a weak direct correlation and a significant effect at a weak rate estimated at 9, 6% between intellectual capital and the improvement of financial service in Algerian banks. [ABSTRACT FROM AUTHOR]

Purpose of the study. The imposition of sanctions on the financial sector and suspending relations with international financial institutions in 2022 has significantly affected the external conditions for the development of the domestic financial sector, caused an increase in geopolitical tensions and instability in the Russian currency market. It is necessary to study and understand the processes currently taking place in the financial market. The article is devoted to the statistical assessment of the impact of sanctions on the Russian financial system in 2022 and 2023. The purpose of research paper is to identify the situation on the currency, money and credit, debt market, as well as in the budgetary sphere, to assess the relationship between the dynamics of key financial indexes in the sanctions crisis. Materials and methods. The sources of information for the calculations were official data from the Ministry of Finance of the Russian Federation, the Bank of Russia, the provider of data on financial markets Cbonds and PJSC “Moscow Exchange”. The article used statistical methods of analysis: variations, dynamics, hypothesis testing. Determination of anomalous levels of the time series was carried out using the Irwin method. Differences in average federal budget indexes were assessed using the Wilcoxon Matched Pairs Test. The dependence of the dynamics of the main financial indexes was assessed on the basis of time series correlation. Results. The study allowed us to conclude that 2022 was a critical year for the Russian financial system. All its sectors were affected by sanctions restrictions. The weakening of the national currency was revealed in the currency market, and it was found that the dollar exchange rate in 2023 was abnormally high for the period from 2000 to 2023. The budget sector hasdemonstrated stability. The results of the study showed that the sanctions pressure did not affect the revenue part of the federal budget. However, the average monthly expenditure of the federal budget increased statistically significantly by almost three times in 2022. The monetary market reacted with an excessive supply of money. The increase in the money supply has reached its highest value in the last 10 years. The money supply growth was accompanied by changes in its structure. The banking sector showed the development of the credit growth trend. The debt market reacted with a rapid growth of corporate bonds volume, the highest for the last 10 years. And the market of federal loan bonds was characterized by a rapid reduction in the volume of federal loan bonds owned by non-residents and a decrease in the share of non-residents. The interrelation between the dynamics of the US dollar exchange rate and the volume of corporate lending associated with the conversion of loans in US dollars and euros into yuan was revealed. Direct interrelation was observed in the dynamics of money supply and the volume of corporate bonds and federal loan bonds market. Conclusion. The financial system is adapting to new circumstances. The transformation of methods and tools of financial regulation accompany this process. This process requires studying and understanding changes in the composition, dynamics, and interconnection of the structural elements of the financial system, as well as finding ways for its development.

The main purpose of this research is to determine the function of cryptocurrencies as a transactions medium in developing country and solve critical economic problems through the application of practical and ethical solutions from cryptocurrencies. The research objectives included examining the extent to which the adoption of cryptocurrency has disrupted traditional financial systems and affected economic development, as well as investigating the potential benefits and challenges of using cryptocurrency for emerging market. The results showed that cryptocurrency offers benefits such as reduced transaction costs, faster settlement times, and increased transparency in transactions. However, there are also challenges such as regulatory and legal hurdles, security concerns, and limited understanding of cryptocurrency. The study also highlights the factors that influence the adoption of cryptocurrency in international trade, including regulatory and legal frameworks, security concerns, awareness and understanding of cryptocurrency, transaction costs, and integration with existing systems. Overall, the study provides insights into the potential opportunities and challenges presented by cryptocurrency in global trade and commerce, and the implications for policymakers, businesses, and investors. [ABSTRACT FROM AUTHOR]

This study investigates the effect of the board of directors' attributes on the corporate risk-taking of listed financial firms in Oman. A total of seven board attributes such as board ownership, shareholder ownership, CEO duality, board structure, audit committee independence, audit committee and board gender diversity are assimilated into an index for this study. The sample consists of 168 firm-year observations for financial firms listed on the Muscat Stock Exchange for the period 2016 to 2021. Before COVID, the board had no significant impact on corporate risk-taking. However, during COVID, a strong board took low risks indicating the appropriate assessment of the pandemic and cautiously steering the company activities. The result has important practical implications indicating that board attributes are crucial for crisis periods as they can help in navigating the company's decision-making. [ABSTRACT FROM AUTHOR]

Financial planning evaluates a person's financial goals by identifying the necessary steps to achieve them according to their financial resources. With the increased influence of technology on day-to-day life and the countless innovations, incorporating new opportunities into the financial planning process increases the possibilities of achieving settled purposes. Using smartphone applications to manage personal finances improves economic behaviour, knowledge, attitudes, and motivation. In this study, we will analyse the changes brought about by using cash management applications among young people and through the delivery of a survey, we could gather their feedback. The answers are then analysed through SPSS Statistics, using Pearson correlation analysis. We measure the strength and direction of the relationship between variables related to what leads to using or not using cash management applications. At the end of the analyses, we conclude a weak positive relationship between using cash management applications and improving personal finances, according to Good Things Foundation (n.d.). From analysing the ties between smartphone usage and cash management apps, resulting in a fragile negative relationship, we conclude that the weak relationship between cash management apps and improved personal finances results from a low recognition in this typology of applications. [ABSTRACT FROM AUTHOR]

The relevance of the issue under research is determined by the growing corruption in the financial sector during the last decades. Combating corruption in this field will depend on the effectiveness of the legal anti-corruption mechanisms in the financial sector. The aim of the article is to analyse the effectiveness of legal anti-corruption mechanisms in the financial sector using the case of Ukraine and to provide recommendations for increasing such effectiveness. The factors that reduce the effectiveness of legal anti-corruption mechanisms in the financial sector of Ukraine were identified through content analysis, doctrinal approach, comparative methods, analysis of legal acts and abstract logical method. As a result of the research, directions for increasing the effectiveness of such legal mechanisms are proposed. The recommendations formulated in the work can be applied to the improvement of such mechanisms both in Ukraine and in other countries, in particular EU countries. Future research prospects may include providing recommendations for improving the effectiveness of legal anti-corruption mechanisms in the financial sector of other countries, taking into account their specifics. [ABSTRACT FROM AUTHOR]

Over the last decade, sustainable finance has appeared to be capturing a high level of interest as a crucial pillar of sustainable development. The process of taking environmental, social, and governance (ESG) considerations into account when making investment decisions in the financial sector is expected to play a key role in this framework, and although it has attracted the attention of many scholars and academics, a lack of understanding of the nature of the phenomenon remains. Therefore, on the basis of a systematic literature review of 80 studies, we examine, in detail, the subject areas and emphasize the main points in the existing literature. The findings reveal that there are four main thematic areas attracting research interest, as follows: (1) A shift in value creation; (2) green bonds; (3) ESG ratings and performance; and (4) sustainable finance, banking, and financial risks. Finally, this study outlines future research avenues in the field. [ABSTRACT FROM AUTHOR]

This study adopted historical research and in-depth interviews with artists, dealers, art writers, and collectors in addressing two overarching questions, which are (1) How have state actions manifested as the impetus and impediments to art market development in Nigeria and (2) To what extent is Bourdieu's artistic field model applicable to the Nigerian art world? As the boost in artistic production and consumption in Renaissance Italy was attributed to the wealth generated from banking by the Medici, the research also shows that the art market in Nigeria emerged as an upshot of the economic policy of financial deregulation, which manifested as an "implicit" cultural policy. The financial sector liberalization policy was aimed at addressing the economic depression that stemmed from the drastic global fall in crude oil prices in the 1980s. It stimulated the proliferation of banking and other financial services institutions in Nigeria, which engendered intense competition that lured operators into harnessing esthetics for competitive advantages. This bolstered art collection and patronage, underpinning the emergence of the contemporary art market in Nigeria with an auction segment that grew from about $250,000 in 1999 to over $5.5 million in 2017. Paradoxically, the research also revealed that inadequacies resulting from the lack of "explicit" state plans for the cultural sector constitute impediments to the optimization of the market's potential. As a mark of power, high art and advanced taste have always been associated with elitism. Thus, the research also establishes a high degree of applicability of Bourdieu's artistic field model in exploring the dynamics of power structures in the Nigerian art world. [ABSTRACT FROM AUTHOR]

The relevance of the study is that the pandemic has affected the financial stability of many businesses. The purpose of the study is to consider the features of bank lending to businesses in a pandemic. Providing credit in the era of the coronavirus is associated with increased risk. However, this does not mean that it is impossible to obtain new funding. Banks still offer a variety of credit products, including mortgages and cash or credit card loans. Changes in the level of debt mask the distinction between new borrowings and repayments of existing amounts. Business loans are mostly short-term, and their rates can be adjusted relatively easily. Historical data shows that on average, 90% of new business loans have a variable or fixed rate with a maturity of less than one year. The huge surge in loans to new businesses is primarily conditioned upon this short-term financing. The speed and scale of the return of the gap to the pandemic is unprecedented. The practical significance lies in the analysis of problems and obstacles to bank lending to businesses in a pandemic, and ways to solve them. [ABSTRACT FROM AUTHOR]