New Articles – Finance

Do women get into less debt? Gendered local political performance in the EU

Lenka Malicka, Jana Vancova, Daniela Hadacova, Dominika Juskova

Gender differences in local financial management are, according to empirical grounds, a reality that predetermines differences in the fiscal performance of municipalities led by women and men. The position of women leaders in public administration and their influence on sources of income, the nature of expenses, and the level of indebtedness have been a popular research issue in recent years, but it includes an almost unexplored gender dimension that needs deeper analysis. For this reason, the…

DOI (& full text): doi.org/10.15240/tul/001/2024-4-010 more

Multiscale non-linear tale risk spillover effect from oil to stocks – The case of East European emerging markets

Dejan Zivkov, Boris Kuzman, Natasa Papic-Blagojevic

This paper investigates the multiscale non-linear risk transmission effect from Brent oil to eleven European emerging stock markets. Dynamic extreme risk time series are created using the FIAPARCH-CVaR approach. The MODWT transformation is applied to make three wavelet details that represent different time horizons. In the final step, the MODWT time series are fitted into the Markov switching model to examine the spillover phenomenon. The results indicate that the Czech and Hungarian stock…

DOI (& full text): doi.org/10.15240/tul/001/2024-5-015 more

Digital payments as an indicator of financial inclusion in Euro Area countries

Tamara Petrikova, Kristina Kocisova

The process of digitisation in the financial sector is developing through the systematic introduction of computer systems, the establishment of Internet connectivity and the use and ownership of various information and communication devices. Information and communication technologies can increase the desired degree of financial inclusion in a country by increasing the availability of various financial services. This study examines the individual attributes that can affect financial inclusion in…

DOI (& full text): doi.org/10.15240/tul/001/2024-5-004 more

Regional COVID-19 cases and Bitcoin volatility: Assessment through the Markov switching prism

Dat Minh Phan, Sinh Duc Hoang, Tung Duy Dao, Tien Phat Pham

The 21st century has become the century of technology, which has spread to the currency market, presenting the international economic system with a new challenge – the challenge created by digital currency, which has determined a change in the rules of operation in the market. The main property of cryptocurrencies in general, and Bitcoin in particular, is constant volatility and mutual sensitivity to each other. This article aims to analyze the cryptocurrency market landscape from both short…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-009 more

DuPont analysis among European dentistry companies to measure the impact of the COVID-19 pandemic

Tomas Heryan, Karin Gajdova

Although health economics belongs to the highly respected economic disciplines within the research literature, there is a considerable gap related to the investigation of dentistry in particular, even after the global pandemic of COVID-19 disease. Fundamentally, the DuPont framework is a well-known complex analysis to evaluate companies from the point of view of financial performance. The investigation of the return on equity as a relation between the return on assets and the equity multiplier,…

DOI (& full text): doi.org/10.15240/tul/001/2024-1-010 more