The article investigates the influence of factors contributing to the formation of the current account balance in Ukraine by means of constructing the Markov switching model that has demonstrated an accurate representation of the periods of current account surpluses and deficits in Ukraine and an almost exact match of the turning points. The results of the simulation show that during the period of the surplus, the current account balance in Ukraine was influenced by such factors as the index of ...

Monetary Economics  Business Finance and Investment  Accounting  Financial Reporting 

Doi:10.18523/2519-4739312018148754

Under current circumstances, the imperfect conditions of economic activity, which are formed in the country, have a significant influence on the macroeconomic situation. As a result, the economically unreasonable tax legislation, aimed at instantaneous replenishment of the budget, leads to an excessive tax burden on the real sector of the economy and the formation of its shadow segment. The use of shadow transactions to conceal the tax revenue is a manifestation of deeper processes of redistribu...

Monetary Economics  Business Finance and Investment  Accounting  Financial Reporting 

Doi:10.18523/2519-4739312018148768

The paper aims to clarify and determine the definition of liability for tax evasion (financial, administrative. and criminal); to identify the main legal and financial problems of different types of liability in Ukraine; to define possible ways of solving these problems based on the law and economics theory and foreign legal experience of the countries that have already implemented corporate liability for tax evasion (the USA, the UK). The study investigates the gaps in legislation that enable t...

Business Law  Political Economy  Economic System  Financial Reporting 

Doi:10.18523/2519-4739312018148781

This study aims to find the efficiency of selected Kenyan sample commercial banks. As the banking industry is the main sector that contributes significantly to the development of the national economy and hence the efficiency of commercial banks gains significantly. The analysis of the study, using intermediation approach, reveals the efficiency of Kenyan commercial banks. However, the efficiency of sample banks showed inefficiency in some areas during the study period. But small banks showed bet...

Financial Reporting 

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In the study, the subjects of performance measurement and evaluation have been mentioned and information about CAMELS ranking system has been worked on. The structure of Azerbaijan banking system and its basic features have been examined while its macroeconomic indicators have been emphasised. Performance measurement of commercial banks which are active in Azerbaijan banking sector has been conducted by CAMELS Analysis, which is a frequently used method in the measurement of banking performance....

Business Finance and Investment  Financial Reporting 

Doi:10.25204/iktisad.309170

The forex market is the biggest and the fastest growing financial market in the world. While an investor trading on the Forex market, they simultaneously buying one currency and selling another one. For example; Euro/US Dollar (EUR/USD). If an investor buying Euro and selling US Dollar at the same time, there must be another eager investor who wants to make the opposite of this trade. As a result, forex trading is a zero sum game and there should be a looser against every winner. Because of the ...

Business Finance and Investment  Financial Reporting 

Doi:10.25204/iktisad.305438

Housing problems India is very chronic, particularly among the low income and such other marginalized groups who are beyond the reach of the formal institutional agencies for housing finance. Housing Finance is a relatively new concept in India comparing to other financial services that are widely available in the country since a long year back. The Government has adopted many strategies and programmes; but it is not reached interior and most needy part of the country. Housing one of the durable...

Financial Reporting 

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Using a balance sheet valuation model, this study examines if information on the fair value hierarchy of on-balance sheet financial assets and financial liabilities are incorporated in the market’s valuation of companies’ equities in Singapore. The results of the study show significant associations between as-reported Level 1 and Level 2 fair value measures of financial assets and market values. However, the results are not significant for Level 3 fair value measures of financial assets and each...

Business Finance and Investment  Financial Reporting 

Doi:10.5176/2010-4804_4.1.360

New York Non-Profit revitalization Act of 2013 has brought sweeping and critical changes that were lagging for New York’s vital non-profit sector as there has not been any changes in four long decades. The bill was simply seeking to correspond to the prior stagnation and to bring about new rules and regulations that would enhance governance controls and accountability, regain public trust that had been heavily undermined due to the multiple fraud scandals that have occurred in the past. The most...

Financial Reporting 

Doi:10.5176/2010-4804_4.1.352

This paper tests the improvement of financial reporting quality when firms award stock options to their executives. The originality of this study is that we introduce the moderating effect of business ethics in the model. The sample is made up of 116 Canadian high-technology firms with available data for the fiscal year ending in 2012. We define the quality of financial reporting as the value relevance of accounting information as developed by Ohlson. Our results show that executive stock option...

Business Ethics and Corporate Social Responsibility  Financial Reporting 

Doi:10.5176/2010-4804_4.2.375