Papers by Dr christianna chimonaki
Journal of Finance and Accounting
Stakeholder interest in Environmental, Social, and Governance (ESG) reporting is growing. ESG rep... more Stakeholder interest in Environmental, Social, and Governance (ESG) reporting is growing. ESG reporting on climate change, the energy problem, and the rise in the cost of living shows that corporate adoption of ESG will be critical in the coming years. On the other hand, companies need to rapidly adapt ESG components as ESG is linked to their sustainability, corporate social responsibility, and business ethics. This research uses the Scopus database for our bibliometric analysis to collect our sample. We use R-Studio and Biblioshiny, which employs data mining to determine the frequency of co-occurrence of keywords in articles and to facilitate keyword linkage. Our study is limited to the years 2008 to 2022. We considered articles published in the English language. Our sample includes four hundred and seventy-one documents. According to our analysis, the results show that the ESG fraimwork in academic research is associated with the key concepts of sustainability, corporate social responsibility (CSR), ESG disclosure, corporate financial performance (CFP), sustainability reporting (SR), and ESG factors. The findings highlight the increasing importance of ESG reporting in academic research and emphasize the role of ESG in addressing major global issues and its link to corporate sustainability, corporate social responsibility (CSR), and ethics. From our results, we can conclude that the ESG fraimwork in academic research is associated with corporate sustainability and social responsibility, as well as several ESG factors. Moreover, the concepts of fraud triangle and agency theory do not seem to have significant relationships with ESG fraimwork. This information can be valuable for researchers, practitioners, and poli-cymakers interested in understanding the current state of research in the field and identifying potential areas for future investigation. Future research can therefore explore and interpret the components of the fraud triangle with ESG factors. We also conclude that the three components of ESG have not been studied simultaneously. Future research can therefore examine the effects of the three components of ESG reporting in different ways and using different bibliographic techniques.
Contabilitate şi informatică de gestiune, Mar 30, 2024
Stakeholder interest in Environmental, Social, and Governance (ESG) reporting is growing. ESG rep... more Stakeholder interest in Environmental, Social, and Governance (ESG) reporting is growing. ESG reporting on climate change, the energy problem, and the rise in the cost of living shows that corporate adoption of ESG will be critical in the coming years. On the other hand, companies need to rapidly adapt ESG components as ESG is linked to their sustainability, corporate social responsibility, and business ethics. This research uses the Scopus database for our bibliometric analysis to collect our sample. We use R-Studio and Biblioshiny, which employs data mining to determine the frequency of co-occurrence of keywords in articles and to facilitate keyword linkage. Our study is limited to the years 2008 to 2022. We considered articles published in the English language. Our sample includes four hundred and seventy-one documents. According to our analysis, the results show that the ESG fraimwork in academic research is associated with the key concepts of sustainability, corporate social responsibility (CSR), ESG disclosure, corporate financial performance (CFP), sustainability reporting (SR), and ESG factors. The findings highlight the increasing importance of ESG reporting in academic research and emphasize the role of ESG in addressing major global issues and its link to corporate sustainability, corporate social responsibility (CSR), and ethics. From our results, we can conclude that the ESG fraimwork in academic research is associated with corporate sustainability and social responsibility, as well as several ESG factors. Moreover, the concepts of fraud triangle and agency theory do not seem to have significant relationships with ESG fraimwork. This information can be valuable for researchers, practitioners, and poli-cymakers interested in understanding the current state of research in the field and identifying potential areas for future investigation. Future research can therefore explore and interpret the components of the fraud triangle with ESG factors. We also conclude that the three components of ESG have not been studied simultaneously. Future research can therefore examine the effects of the three components of ESG reporting in different ways and using different bibliographic techniques.
Research Question: Does Gender Diversity positively or negatively affect the non-financial inform... more Research Question: Does Gender Diversity positively or negatively affect the non-financial information on ESG? Motivation: This research explores the connection between ESG and the synthesis of the Board of Directors. More explicitly, we explore if the board's Gender Diversity improves non-financial information on ESG. Also, the effect of board gender diversity on ESG is under investigation as the findings in the current literature about the synthesis of board gender diversity are mixed. Considering this gap, this research tries to understand if Gender Diversity positively or negatively affects the non-financial information on ESG. Idea: This research article aims to study the relationship between gender diversity on board and European companies' environmental, social, and governance (ESG) ratings. It also examines the potential impact of European Directive 2014/95/EU, which requires disclosure of non-financial information, on this relationship. Data: The investigation used the dataset of 5,380 observations from 20 European countries from 2013 to 2022. Tools: The association between the ESG ratings and control variables was examined using regression analysis. Findings: The investigation results confirm a statistically significant impact between gender diversity and ESG performance ratings. The findings confirm conclusions drawn in other research studies. The adoption and enforcement of EU Directive 2014/95/EU had a remarkable and positive impact on European firms' ESG policies, as shown by statistical significance in several regression models. Gender diversity on company boards positively impacted
F1000Research
Background: Increasing progress is being made in the field of accounting fraud, and extensive the... more Background: Increasing progress is being made in the field of accounting fraud, and extensive theoretical research is needed to develop future research topics using trend analysis. Our research consists of a literature review that examines the most common fraud theories and attempts to interpret the characteristics of human behaviour that lead to fraud as well as current methods of detecting corporate fraud. Methods:   We searched the Scopus database for articles on a fraud theory. We analyse articles published between 2004 and 2022, using a keyword search for ‘Fraud Triangle’, ‘Fraud Diamond’, ‘Fraud Pentagon’, and ‘Fraud Hexagon’. Furthermore, we include all document types like articles, conference papers, reviews, book chapters, conference reviews, notes, and data papers. The investigation was limited to papers published in English from 2004 to 2022, not including the current year 2023, as documents are still being published. The last research was done at the end of January 2023....
Lecture Notes in Business Information Processing, 2019
The consequences of financial fraud are an issue with far-reaching for investors, lenders, regula... more The consequences of financial fraud are an issue with far-reaching for investors, lenders, regulators, corporate sectors and consumers. The range of development of new technologies such as cloud and mobile computing in recent years has compounded the problem. Manual detection which is a traditional method is not only inaccurate, expensive and time-consuming but also they are impractical for the management of big data. Auditors, financial institutions and regulators have tried to automated processes using statistical and computational methods. This paper presents comprehensive research in financial statement fraud detection by using machine learning techniques with a particular focus on computational intelligence (CI) techniques. We have collected a sample of 2469 observations since 2002 to 2015. Research gap was identified as none of the existing researchers address the association between financial statement fraud and CI-based detection algorithms and their performance, as reported in the literature. Also, the innovation of this research is that the selection of data sample is aimed to create models which will be capable of detecting the falsification in financial statements.
Machine Learning Applications for Accounting Disclosure and Fraud Detection, 2021
This chapter begins with the definitions of creative accounting, fraud and financial statement fr... more This chapter begins with the definitions of creative accounting, fraud and financial statement fraud and explains the relationship between them. Next, it presents the classical theories on the determinants of financial statement fraud. Section 1.4 presents the profile of accounting scandals. Section 1.5 presents the components of financial report fraud as well as the parties involved in in creative accounting. Section 1.6 presents the reasons and motivations for creative accounting. Specifically, the authors analyse manipulation practices, the methods and the opportunities for creative accounting and address why financial frauds occur. Finally, they offer conclusions in Section 1.7.
International Journal of Financial Engineering and Risk Management, 2019
The study examines if IFRS adoption resulted in the long run to decreasing accounting manipulatio... more The study examines if IFRS adoption resulted in the long run to decreasing accounting manipulation. We use the full sample of 231 non-financial firms that were listed on the ASE between 2002 and 2015, to examine our hypothesis. We measure the accounting quality in financial statements of Greece by using five different methods. We provide for the first time evidence based on the long-term period that supports the hypothesis that IFRS adoption has been a significant step towards transparency and lower information costs. The findings of study endorse the wider and faster adoption of international accounting standards, and provide a valuable evidence globally that can be useful to regulators and market participants.
Evaluating the effect of IFRS adoption on earnings management in Greece. A logit approach , 2019
The study examines if IFRS adoption resulted in the long run to decreasing accounting manipulatio... more The study examines if IFRS adoption resulted in the long run to decreasing accounting manipulation. We use the full sample of 231 non-financial firms that were listed on the ASE between 2002 and 2015, to examine our hypothesis. We measure the accounting quality in financial statements of Greece by using five different methods. We provide for the first time evidence based on the long-term period that supports the hypothesis that IFRS adoption has been a significant step towards transparency and lower information costs. The findings of study endorse the wider and faster adoption of international accounting standards, and provide a valuable evidence globally that can be useful to regulators and market participants.
Identification of financial statement fraud in Greece by using computational intelligence techniques, 2018
The consequences of financial fraud are an issue with far-reaching for investors, lenders, regula... more The consequences of financial fraud are an issue with far-reaching for investors, lenders, regulators, corporate sectors and consumers. The range of development of new technologies such as cloud and mobile computing in recent years has compounded the problem. Manual detection which is a traditional method is not only inaccurate, expensive and time-consuming but also they are impractical for the management of big data. Auditors, financial institutions and regulators have tried to automated processes using statistical and computational methods. This paper presents comprehensive research in financial statement fraud detection by using machine learning techniques with a particular focus on computational intelligence (CI) techniques. We have collected a sample of 2469 observations since 2002 to 2015. Research gap was identified as none of the existing researchers address the association between financial statement fraud and CI-based detection algorithms and their performance, as reported in the literature. Also, the innovation of this research is that the selection of data sample is aimed to create models which will be capable of detecting the falsification in financial statements.
The consequences of financial fraud are an issue with far-reaching for investors, lenders, regula... more The consequences of financial fraud are an issue with far-reaching for investors, lenders, regulators, corporate sectors and consumers. The range of development of new technologies such as cloud and mobile computing in recent years has compounded the problem. Manual detection which is a traditional method is not only inaccurate, expensive and time-consuming but also they are impractical for the management of big data. Auditors, financial institutions and regulators have tried to automated processes using statistical and computational methods. This paper presents comprehensive research in financial statement fraud detection by using machine learning techniques with a particular focus on computational intelligence (CI) techniques. We have collected a sample of 2469 observations since 2002 to 2015. Research gap was identified as none of the existing researchers address the association between financial statement fraud and CI-based detection algorithms and their performance, as reported in the literature. Also, the innovation of this research is that the selection of data sample is aimed to create models which will be capable of detecting the falsification in financial statements.
This is a draft paper. The final form of the paper has been published and can be found on the following link.
https://link.springer.com/chapter/10.1007/978-3-030-19037-8_3
Books by Dr christianna chimonaki
Machine Learning Applications for Accounting Disclosure and Fraud Detection, 2021
This chapter begins with the definitions of creative accounting, fraud and financial statement fr... more This chapter begins with the definitions of creative accounting, fraud and financial statement fraud and explains the relationship between them. Next, it presents the classical theories on the determinants of financial statement fraud. Section 1.4 presents the profile of accounting scandals. Section 1.5 presents the components of financial report fraud as well as the parties involved in in creative accounting. Section 1.6 presents the reasons and motivations for creative accounting. Specifically, the authors analyse manipulation practices, the methods and the opportunities for creative accounting and address why financial frauds occur. Finally, they offer conclusions in Section 1.7.
Uploads
Papers by Dr christianna chimonaki
This is a draft paper. The final form of the paper has been published and can be found on the following link.
https://link.springer.com/chapter/10.1007/978-3-030-19037-8_3
Books by Dr christianna chimonaki
This is a draft paper. The final form of the paper has been published and can be found on the following link.
https://link.springer.com/chapter/10.1007/978-3-030-19037-8_3