0000000000703382
AUTHOR
Paloma Merello
Is the sustainability profile of FinTech companies a key driver of their value?
[EN] The digitisation process is affecting all markets and raising consumer awareness about companies' sustainable behaviour. This work studies the effect of the sustainability profile of FinTech companies on the firm (market value and book value) as the factors that add value to investors and motivate their evolution in markets are still unknown. Using the KBW and Nasdaq FinTech Indices, and the NASDAQ Insurance Index (IXIS), we composed a panel of 95 companies over a 10-year period (2010-2019) with economic-financial variables and data about green certificates and sustainability indices. The applied methodology is based on dynamic (GMM-SYS) and static (PCSE) panel data models. Our results…
Cine y ética en contabilidad: una experiencia sobre la mejora en sensibilidad ética
[EN] In this paper we present a learning experience in which for the first time we introduce cinema as a teaching methodology in a higher level accounting course to explore the concept of ethical sensitivity. Our study shows that the ethical sensitivity achieved with the viewing of the film positively impacts the student's grade. The students most satisfied with this learning methodology were the ones who got a good answer for the question on ethics in the questionnaire- which would imply a greater ethical motivation and ethical character. However, no conclusions can be drawn about the significance of the impact on the qualification of ethical motivation or the ethical character developed i…
Economic development and CSR assurance: Important drivers for carbon reporting… yet inefficient drivers for carbon management?
Abstract This study contributes to the current climate debate by shedding some light on the driving forces of the disclosure and management of carbon emissions in the context of developed and developing economies. Our findings show that the probability of not reporting total carbon emissions is significantly higher in companies located in a developing than in a developed economy. In addition, the company's sustainability profile (the sustainability report, its assurance and the existence of a Corporate Social Responsibility (CSR) committee), gender diversity policies and other corporate variables (especially size), significantly increase the probability of disclosing total carbon emissions,…
High Frequency Data Acquisition System for Modelling the Impact of Visitors on the Thermo-Hygrometric Conditions of Archaeological Sites: A Casa di Diana (Ostia Antica, Italy) Case Study
[EN] The characterization of the microclimatic conditions is fundamental for the preventive conservation of archaeological sites. In this context, the identification of the factors that influence the thermo-hygrometric equilibrium is key to determine the causes of cultural heritage deterioration. In this work, a characterization of the thermo-hygrometric conditions of Casa di Diana (Ostia Antica, Italy) is carried out analyzing the data of temperature and relative humidity recorded by a system of sensors with high monitoring frequency. Sensors are installed in parallel, calibrated and synchronized with a microcontroller. A data set of 793,620 data, arranged in a matrix with 66,135 rows and …
A Statistical Approach for A-Posteriori Deployment of Microclimate Sensors in Museums: A Case Study
[EN] The deployment of sensors is the first issue encountered when microclimate monitoring is planned in spaces devoted to the conservation of artworks. Sometimes, the first decision regarding the position of sensors may not be suitable for characterising the microclimate close to climate sensitive artworks or should be revised in light of new circumstances. This paper fits into this context by proposing a rational approach for a posteriori deployment of microclimate sensors in museums where long-term temperature and relative humidity observations were available (here, the Rosenborg Castle, Copenhagen, Denmark). Different statistical tools such as box-and-whisker plots, principal component …
Consumer confidence: Causality links with subjective and objective information sources
Abstract This study analyses the relationship of causality between consumer confidence and the economic information ecosystem from subjective (i.e., business sentiment) and objective sources (financial information from listed companies and the stock index). Our sample covers Spain from June 2011 to December 2018. Our results show that consumer confidence and economic information can exert a causality influence on each other. The results show Granger causality from IBEX35 and total assets in the financial sector and leverage of the companies in the energy sector to the consumer confidence index (CCI), in the first lag: from operating income in the telecommunications sector to the CCI in the …
Use of Movies in an accounting class as a teaching technique to promote learning about financial reporting and ethical issues
[EN] This study presents an innovative experience using movies in an accounting class. The learning experience was found interesting and useful for the learning process in three groups in University XXX. The students voluntarily watched three movies and answered a test for each one, containing questions about the ethical and accounting concepts in the film, as well as their satisfaction with the methodology. Non-parametric tests have been computed to assess if those students that watch a movie obtain a higher exam mark as compared to those that do not follow the methodology, as well as for the other accounting and ethical questions. Our results show that there is a particular film that evid…
Assessing the impact of operating lease capitalization with dynamic Monte Carlo simulation
Abstract The European Commission has recently adopted a new accounting standard for leases that will be implemented in 2019, which requires operating lease contracts to be included in the balance sheet, affecting key ratios, leverage and profitability. We simulate the impact of IFRS 16 using Monte Carlo method, which incorporates the uncertainty of the future value of variables when making predictions. Unlike prior studies based on historical data, our study considers a five-year forecast horizon and, more importantly, contemplates several probable scenarios. Based on the STOXX All Europe 100, our results confirm that, in 2019, liability maturity, liquidity and return on assets will decreas…
Carbon emissions by Ssouth american companies: driving factors for reporting decisions and emissions reduction
In the last decade, companies have started to disclose information on carbon emissions. To our knowledge, this is the first paper to look into this phenomenon in South America, which is a very important geographical area regarding climate change because of the local nature and developing economies. This paper explores the relationships between some corporate variables and two important decisions: (i) whether to report carbon emissions, and (ii) the impact on the evolution of carbon emissions. Logit and linear panel data models are used to determine the driving factors for decisions (i) and (ii). Our results show that regarding the carbon reporting decision, a company&rsquo
Impacto del desempeño de los estudiantes en una metodología de evaluación continua en Moodle en el examen final
Este trabajo examina la diferente evolución del rendimiento de los estudiantes en cuestionarios online y su impacto en la calificación final. Esta innovadora técnica se ha utilizado en un grupo de un curso introductorio de contabilidad financiera con 8 cuestionarios online (uno por unidad temática) a través de la plataforma Moodle. Empleando el análisis cluster, identificamos diferentes grupos de evolución del rendimiento. La evidencia obtenida sugiere que en uno de estos grupos una evolución favorable del rendimiento en los test online puede conducir a un exceso de confianza, con el posterior efecto negativo en la nota del examen final. La investigación futura con más variables y muestras …
Explaining the rising precariat in Spain
[EN] Spanish GDP indicator figures recover while the risk of poverty has not stopped increasing since 2007 given the continuous austerity policies adopted by Governments, while labour and welfare conditions have worsened. A new phenomenon is emerging: the flattening of the Spanish middle class. This study proposes a model to quantify the number of individuals according to their level of precariousness in Spain. The model allows us to predict the behaviour of society in Spain given the mimetic nature of humans by constructing a discrete finite epidemiological model that classifies and quantifies the population in Spain according to its risk of precariousness. Our results show a rise in the p…
Explanatory factors of student performance in online tests for the continuous assessment: Is attendance really important?
In the European Higher Education Area, the educational model focuses on the student and the role of Information and Communication Technologies is crucial for the learning and teaching process. This study identifies the characteristics of the students according to their performance in the online tests carried out in a subject of Financial Accounting in the groups taught in English of the Degrees of Business Administration and Economics in a University from XXX. The objectives of this study are to explore the determining factors for student performance in online tests. Several analyses are carried out for all the marks and for a separated sample considering only the tests where the mark is at…
Class-attendance and Online-tests Results: Reflections for Continuous Assessment
Sometimes class-attendance is a component (or requirement) to benefit from the continuous assessment. The objective of this study is to evidence that some students seem to be getting unfairly penal...
Modeling Political Corruption in Spain
Political corruption is a universal phenomenon. Even though it is a cross-country reality, its level of intensity and the manner of its effect vary worldwide. In Spain, the demonstrated political corruption cases that have been echoed by the media in recent years for their economic, judicial and social significance are merely the tip of the iceberg as regards a problem hidden by many interested parties, plus the shortage of the means to fight against it. This study models and quantifies the population at risk of committing political corruption in Spain by identifying and quantifying the drivers that explain political corruption. Having quantified the problem, the model allows changes to be …
MODELIZACIÓN MEDIANTE CFD DE PARA EVALUAR LA VENTILACIÓN EN UN EDIFICIO ARQUEOLÓGICO, DATOS PRELIMINARES.
[EN] The present study addresses the influences of wind flow structure, as an important factor responsible of material damage (erosion contributing) on “Casa di Diana” Mithraeum, a roman building (130 A.D.) sited on Ostia Antica (archaeological site, Rome – Italy), through the Computational Fluid Dynamics (CFD) simulations and direct measurements for its verification and validation (V&V). In this preliminary work, we present results relating to 3D reconstruction (geometry of the entire building) and the mesh importing on Fluent software. In general, the data check confirms, with ±10%, a good agreement (model) between the numerical solutions and direct measurements data by portable sensor. F…
Implementation of IFRS in Japan: An Analysis of Voluntary Adoption by Listed Firms
Since 2010 Japanese listed firms can voluntarily use international financial reporting standards for their consolidated financial statements. Using financial and non-financial data, we carry out a comprehensive research into the adopters’ determinants. We employ a multi-period logit model that considers every annual decision made along the period 2010-2019. We find that the having outside networks through subsidiaries and a strong internal corporate governance system are key factors. We also confirm a contagion effect. Finally, our results suggest that goodwill is also relevant, since only Japanese accounting standards require annual amortization.
Explaining shopping behavior in a market economy country: A short-term mathematical model applied to the case of Spain
[EN] In recent decades, pathological consumption has become a growing behavioral misbehavior. Impulsive consumption is governed by two internal behavioral mechanisms that respond fundamentally to the hedonism or Pascal effect and to the emulation or Veblen effect. Today's development of technology acts as a catalyst of consumption by increasing access and availability to products, as well as the advertisement impact. This paper presents a compartmental discrete matrix mathematical model that allows short-term estimates of ordinary, impulsive, and pathological buyers in Spain in three different economic scenarios. The results show that impulsive and pathological buyers will increase in all t…
Universities' Reporting on SDGs: Using THE Impact Rankings to Model and Measure Their Contribution to Sustainability
Higher education institutions (HEIs) have voiced growing concerns about sustainability issues since Agenda 2030 was approved, but this is not enough for societal stakeholders seeking and delivering innovation and excellence. The 17 Sustainable Development Goals (SDGs) were adopted by all UN Member States in 2015 as a universal call to action, and pose a challenge for HEIs as for the efforts made to fulfill them and knowing how to assess their performance. However, the metric management system implemented by HEIs quickly led to rankings emerging, which compare HEIs to metrics not related to the sustainability dimensions of the 17 SDGs. The main aim of the paper is to assess the level of repo…