Accounting, Finance and Banking in Emerging Economies

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Banking and Finance".

Deadline for manuscript submissions: 30 June 2025 | Viewed by 3425

Special Issue Editor

Special Issue Information

Dear Colleagues,

Since the publication of Goldman Sachs' BRIC report in 2001, the dispute over the importance of so-called developing emergent countries versus supposedly developed countries in driving global commerce has gained traction. A second wave of nations, the MINTs (Mexico, Indonesia, Nigeria, and Turkey), have also been identified as in need of consideration. At the same time, the fallout from the 2008 global financial crisis has led to the questioning of many traditional economic orthodoxies. Furthermore, geopolitical factors, combined with concerns about oil, water, and fuel security, have created critical questions about policy, future strategy, and the benefits and drawbacks of globalisation. It is apparent that such a shifting economic dynamic necessitates novel approaches to the formation of policies assessing macroeconomic stability and the development of strategies by enterprises of all sizes. Multinational corporations and small and medium-sized businesses will collaborate to develop survival, competition, and growth strategies. Both governments and corporations face significant pressure to perform and deliver. In this case, alternative, maybe radical, policies and methods must be developed and presented to decision-making authorities. New technologies, shifting demographics, and the need to meet the expectations of numerous stakeholders ensure that policymakers and practitioners face difficult times.

The International Conference on Restructuring of the Global Economy (ROGE) seeks to provide a valuable opportunity to extend our horizons and address various themes linked to business, finance, micro-econometrics, game theory, financial institutions and economic development.

This Special Issue will feature original research papers on all aspects of contemporary financial econometrics, microeconomic theory, agent-based models, risk management, financial institutions  and mathematical methods in economics and finance, among other topics. This Special Issue will emphasize quantitative or analytical work that is fresh and timely. Contributions should provide constructive ideas and analysis, emphasising the lessons to be learnt from the experiences of other nations, civilisations, and economies. The analysis should be challenging and at the forefront of current thinking. However, articles should be written in non-technical language so that people outside of the linked disciplines may understand them.

Dr. Palto Datta
Guest Editor

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Keywords

  • accounting and finance
  • financial accounting
  • financial institutions
  • international finance
  • financial markets
  • risk management
  • corporate finance
  • financial economics
  • banking

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Published Papers (3 papers)

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Research

16 pages, 485 KiB  
Article
Assessing the Transformative Impact of AI Adoption on Efficiency, Fraud Detection, and Skill Dynamics in Accounting Practices
by Fadi Bou Reslan and Nada Jabbour Al Maalouf
J. Risk Financial Manag. 2024, 17(12), 577; https://doi.org/10.3390/jrfm17120577 - 23 Dec 2024
Viewed by 972
Abstract
Based on the significance of AI adoption in the accounting field, this study intends to investigate its impact on the accounting profession; specifically on the efficiency and quality of financial data, financial fraud detection and tax filings, and work activities and skill requirements [...] Read more.
Based on the significance of AI adoption in the accounting field, this study intends to investigate its impact on the accounting profession; specifically on the efficiency and quality of financial data, financial fraud detection and tax filings, and work activities and skill requirements of accountants. A quantitative method was employed, and a questionnaire was sent to a purposive sample of 454 accountants. The results confirm that AI adoption in accounting significantly enhances the efficiency and quality of financial data, positively influences financial fraud detection and tax filings, and alters work activities and skill requirements within the accounting profession. These results highlight the transformative role of AI in modern accounting practices. Notably, the study incorporates demographic variables such as age and experience, uncovering their mediating influence on perceptions of AI’s impact. Conducted in Lebanon, a developing country facing economic and political instability, the research provides valuable contextual insights into AI adoption under challenging conditions. This study contributes to the literature by empirically demonstrating AI’s transformative role in accounting, offering both theoretical advancements and actionable recommendations for professionals aiming to harness AI for improved performance and innovation. Full article
(This article belongs to the Special Issue Accounting, Finance and Banking in Emerging Economies)
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17 pages, 649 KiB  
Article
Key Audit Matters Between Auditors and Auditees in Middle East and North Africa
by Osama Mahd and Mohammed Idris
J. Risk Financial Manag. 2024, 17(11), 494; https://doi.org/10.3390/jrfm17110494 - 4 Nov 2024
Viewed by 1002
Abstract
This study investigates the impact of auditor- and auditee-specific features on key audit matter disclosures in auditors’ reports. It focuses on client factors, including debt, profitability, financial distress, and audit factors, including auditor size, rotation, and opinion. A direct extraction of audit reports [...] Read more.
This study investigates the impact of auditor- and auditee-specific features on key audit matter disclosures in auditors’ reports. It focuses on client factors, including debt, profitability, financial distress, and audit factors, including auditor size, rotation, and opinion. A direct extraction of audit reports from different markets in Middle East and North Africa covering three years from 2020 to 2022 was carried out. A content analysis of the annual reports regarding key audit matters, client-specific characteristics, and auditor characteristics was performed in this research. The results of this study show that key audit matters are not correlated to profitability and financial distress, while the debt ratio is significantly related to the number of key audit matters. The results also indicate that audit rotation and opinion have a significant explanatory effect on key audit matters as the coefficients of both independent variables are positive and statistically significant while the size of the audit firm is not related to the number of key audit matters. Full article
(This article belongs to the Special Issue Accounting, Finance and Banking in Emerging Economies)
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16 pages, 2981 KiB  
Article
Beyond the Silicon Valley of the East: Exploring Portfolio Diversification with India and MINT Economies
by Caner Özdurak and Derya Hekim
J. Risk Financial Manag. 2024, 17(7), 269; https://doi.org/10.3390/jrfm17070269 - 28 Jun 2024
Viewed by 858
Abstract
In the past few decades, India’s tech industry has boomed, making it a leader in the digital world. Today, India has many big tech companies, well-trained software developers, and cutting-edge technology like AI and cloud computing. This success shows India’s innovative spirit and [...] Read more.
In the past few decades, India’s tech industry has boomed, making it a leader in the digital world. Today, India has many big tech companies, well-trained software developers, and cutting-edge technology like AI and cloud computing. This success shows India’s innovative spirit and makes the country a good example for other developing nations. However, global portfolio managers often overlook potential diversification opportunities beyond India’s dynamic stock market. This study investigates the viability of MINT (Mexico, Indonesia, Nigeria, and Turkey) as diversification targets, specifically analyzing spillover effects and volatility dynamics between their stock markets and that of India. Leveraging vector autoregressions (VARs) and dynamic conditional correlation (DCC)–GARCH models, we uncover intricate relationships. Further, DCC–GARCH analysis reveals varying degrees of volatility spillover, offering valuable insights for risk management. Our findings suggest that MINT economies, particularly Mexico and Turkey, hold promise for Indian portfolio diversification. By strategically incorporating these markets, investors can potentially mitigate India-specific risks and enhance portfolio returns. We urge global portfolio managers to consider Turkey as a viable diversification avenue, acknowledging the nuanced market growth dynamics highlighted in this study. Full article
(This article belongs to the Special Issue Accounting, Finance and Banking in Emerging Economies)
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