Search results for "ACCOUNTING"
showing 10 items of 1961 documents
Micro and Small Businesses Access to Finance and Financial Literacy of their Owners: Evidence from Latvia, Estonia and Georgia
2021
Lack of financial literacy of micro, small and medium-sized enterprises (MSMEs) owners/managers is often mentioned among the reasons of their financial exclusion. The main objective of the article is to verify whether the targeted group - MSMEs - access to finance and financial literacy of their owners/managers are closely linked in observed countries – Latvia, Estonia and Georgia. As a supportive objective, analysis of the relationship between financial literacy of MSMEs owners, adult literacy and the level of general education in a country is also analyzed. The research is exploratory in its nature, based on intensive literature review, analysis of the countries’ statistics and the case s…
Exploring the nexus between financial sector reforms and the emergence of digital banking culture – Evidences from a developing country
2017
Several financial and banking sector reform programs were instituted in different countries over the last three decades. The underlining purpose of these reforms was largely to improve banking sector supervision and regulation, introduce bank privatization mechanism, introduce clearance and settlement systems, infuse competition and to stimulate financial innovation. The objectives of this study are to 1) review the relevant published literature and market survey reports on the financial & banking sector reforms undertaken in Pakistan and elsewhere, 2) analyze how these reform programs develop digital banking culture and increase financial inclusion in the country and 3) guide future resear…
COMPLIANCE AND THE RECOVERY OF FINANCIAL SERVICES OF THE EUROPEAN UNION: NEW CHALLENGES FOR LATVIA’S BANKING SECTOR
2012
Determinants of international banking failures have been widely discussed and summarized. A combination of global and systemic complexity of products that fails down on correct managing of the banking risk systems; consumers who are eager for credits and regulators who are unable to spot the potential global inter-relationships – consequently have led to the failures. As a response to the financial crisis the European Commission has been working actively to complete a comprehensive financial reform to address poor risk management, lack of responsibility and to correct the underlying weaknesses in the supervisory and regulatory framework. The regulatory development is substantially increasin…
Which Governance Mechanisms Promote Efficiency in Reaching Poor Clients? Evidence from Rated Microfinance Institutions
2009
Accepted version of an article from the journal: European Financial Management. Also available from Wiley: http://dx.doi.org/10.1111/j.1468-036X.2009.00524.x
The Effects of the Financial Crisis on the Organizational Reputation of Banks: An Empirical Analysis of Newspaper Articles
2018
The recent financial crisis has triggered an intense debate about the role of banks in society, presumably changing the criteria used in the evaluation of organizations. Against this backdrop, we investigate the changing role of banks’ organizational features in shaping different dimensions of banks’ organizational reputation. Using the media as an important evaluator, we measure the reputational dimension of visibility based on the frequency of newspaper articles and the reputational dimension of favorability based on the sentiment of newspaper articles. Drawing on social judgment research for developing our hypotheses, we expect that organizational features such as financial performance a…
WAITING FOR THE CAPITAL MARKET UNION: THE POSITION OF LATVIAN CORPORATE BOND MARKET
2017
Baltic region is traditionally treated as similar and comparable when analysed on the macroeconomic level. The major difference is faced when the analysis is performed for the corporate bond market – the weight of Latvian publically traded corporate bonds among the three countries- Latvia, Lithuania and Estonia- reached 94% by the number of issues quoted. With 47 corporate bonds listed in Nasdaq Riga, Latvian corporate bond market demonstrated the rapid growth and recognition of corporate bonds as the source of alternative to bank lending financing method (Nasdaq Baltic, 2017). There are no obvious macro or microeconomic evidence for Latvia meeting more favourable conditions for corporate b…
German Bank Lending During Emerging Market Crises: A Bank Level Analysis
2007
This paper studies German bank lending during the Asian and Russian crises, using a bank level data set, which has been compiled from credit data at the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We find that German banks reacted to the Asian crisis mainly by reallocating their portfolios among emerging markets. This behaviour is consistent with active portfolio management and does not necessarily indicate a spontaneous reaction to the Asian crisis. By contrast, the banks' behaviour during the Russian crisis is characterised by a general withdrawal from emerging markets. The use of micro data allo…
Network Positions and the Probability of Being Acquired: An Empirical Analysis in the Biopharmaceutical Industry
2016
This paper examines the relationship between the firm's direct ties, its inter-firm network prominence and its likelihood of being acquired. The authors argue that firm's direct ties and prominence enhance the firm's visibility and signal its quality – and thus foster the firm's likelihood of being acquired. However, higher levels of direct ties and prominence, by providing access to resources and the firm's status, respectively, increase the firm's ability to remain independent and thus reduce its likelihood of being acquired. Thus, the authors posit the overall relation as an inverted U-shaped. Furthermore, they show that, for firms that undergo an initial public offering, the aforementio…
Basic Modeling of the Visco Elastic Behavior of Flax Fiber Composites
2017
International audience; L’effet de massification automobile qui accompagne les besoins croissants de mobilité terrestre et l’offre de nouvelles infrastructures routières qui soutient de nouvelles demandes rendent les modèles de mobilité actuels de plus en plus difficilement acceptables. En effet, les personnes souffrent de l’inconfort des villes engorgées (nuisances), de l’insécurité lors de transports du fait de défaillances techniques ou humaines, de la très grande difficulté d’optimiser ses itinéraires en fonction des horaires ou circonstances exceptionnelles (accident par exemple). Par ailleurs, la mobilité se heurte toujours aux contraintes liées aux rigidités des infrastructures compo…
Integrative strategy formation process and the management of complex work - a microorganizational analisys
2010
The goal of this study is to analyse how the strategy formation process takes place; studying the relevance of the integrative perspective and the use of the variables rationality, involvement and vision; Verifying the relationship between an integrative strategy formation process and the management of work and the consequences of this relationship in terms of performance, identifying the causes for a better fit; Also, verify the propositions that have been formulated and looking for new variables that could affect the relationship between strategic process and work management. It has been adopted a qualitative methodology through a study case. After the case analysis it has been identified…