Financial Statistical Journal


ISSN:

2578-1960 (Online)

Journal Abbreviation:

Financ. Stat. J.

Financial Statistical Journal is an international Open Access journal that publishes original research articles and review articles related to all areas of financial statistics. The topics of interest include application of statistical techniques, data analysis, econometrics, mathematical methods, simulation and computation that related to finance.


 

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  4. The text adheres to the stylistic and bibliographic requirements outlined in the Author Guidelines, which is found in About the Journal.
  5. If submitting to a peer-reviewed section of the journal, the instructions in Ensuring a Blind Review have been followed.
 

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Article Processing Charges (APCs)

Financial Statistical Journal is an Open Access Journal under EnPress Publisher. All articles published in Financial Statistical Journal are accessible electronically from the journal website without commencing any kind of payment. In order to ensure contents are freely available and maintain publishing quality, Article Process Charges (APCs) are applicable to all authors who wish to submit their articles to the journal to cover the cost incurred in processing the manuscripts. Such cost will cover the peer-review, copyediting, typesetting, publishing, content depositing and archiving processes. Those charges are applicable only to authors who have their manuscript successfully accepted after peer-review.

Journal TitleAPC
Financial Statistical Journal$800

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Vol 7, No 2 (2024)

Table of Contents

Open Access
Article
Article ID: 7495
PDF
by Tayo P. Ogundunmade
Financ. Stat. J. 2024 , 7(2);    39 Views
Abstract The limits testing method known as ARDL (Autoregressive Distributed Lag) examines Nigerian capital market improvement and monetary development. Relevant indicators about the capital market are taken into account during analysis while considering influencing factors as well. This study aims to explore the relationship between the capital market and financial development in Nigeria. The study’s theoretical framework, which is based on the ARDL framework, includes both short- and long-term dynamics. The data used in this analysis was collected from the Central Bank of Nigeria (CBN), the World Bank database, and the Nigerian Stock Exchange (NSE). In this study, the Nigerian All-Share Index, foreign direct investment, currency exchange rates, and inflation rates are the free factors, while the increase in GDP is the dependent factor. Through cointegration analysis using the ARDL framework, it was discovered that in Nigeria there’s a lengthy equilibrium correlation between economic expansion and financial development. The coefficients determined allow for a deeper understanding of how capital market factors affect economic growth over time. Furthermore, utilizing an error correction model derived from the ARDL analysis offers insight into both brief dynamics and modified speed toward reaching a lasting state of balance. By utilizing the ARDL approach, this study adds to the continuing discourse surrounding how capital markets impact growth in Nigeria. Its empirical evidence provides valuable knowledge for policymakers and stakeholders looking to utilize capital markets effectively toward achieving long-lasting economic development within the country.
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Open Access
Article
Article ID: 9126
PDF
by Waheed Ullah Shah, Ibtissem Missaoui, Wajid Khan, Fakhrullah Fakhrullah
Financ. Stat. J. 2024 , 7(2);    14 Views
Abstract Institutional and executive shares account for the majority of ownership and have a considerable impact on the firm’s future financing, investment, earnings, and other corporate decision-making activities. This study aims to investigate the statistical links of institutional ownership and executive ownership on financial earnings and the corporate cash level of non-financial firms using a balanced dataset of 200 non-financial listed firms in PSX (Pakistan Stock Exchange) during the period 2013 to 2018. Among many advanced econometric methods, fixed effect models with pooled ordinary least square (OLS) estimation were found more appropriate to our investigation. Our main findings are twofold. The outcome of our analysis indicates that institutional ownership and executive ownership are significantly related to financial earnings. Further, our results suggest that there is a significant relationship between executive ownership and corporate cash level, as well as a positive and significant relationship between institutional ownership and finance. The cash level of firms can only be identified and predicted through executive ownership in a developing economy like Pakistan. This study provides insightful information for non-financial industry shareholders and policymakers in Pakistan.
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Open Access
Article
Article ID: 8170
PDF
by Omid Farhad Touski
Financ. Stat. J. 2024 , 7(2);    0 Views
Abstract Motivated by recent studies that show that ownership characteristics have an effect on auditor opinion and auditor change, this research examines the effect of ownership concentration on the auditor switching with modified audit opinion as a mediation variable. The explanatory variable is ownership concentration, and the explained variable is auditor change and modified audit opinion as mediating variables. The method used for analysis is called logistic regression. The data is related to manufacturing companies listed on the Tehran Stock Exchange from 2013 to 2022. Research findings show that ownership concentration has a positive and significant effect on auditor change. Ownership concentration has a significant negative effect on the modified audit opinion. Modified audit opinion mediates between ownership concentration and auditor change. Empirical findings show that high ownership concentration may increase the probability of auditor change and decrease the probability of modified audit opinions.
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Open Access
Review
Article ID: 8081
PDF
by Yulong Sun, Juancan Guo
Financ. Stat. J. 2024 , 7(2);    21 Views
Abstract At present, digital transformation has become a vital way for companies to achieve sustainable growth. This paper reviews the literature on the correlation between digital transformation and corporate governance paradigm, analyzes the specific impact mechanism of AI technology and big data technology in the field of corporate governance, and explores the influence effect of the most popular ChatGPT technology on corporate governance from the perspective of business practice. It is found that digital transformation has an important impact on stakeholder management, information disclosure, green governance and other aspects of corporate governance. The purpose of the study is to provide a new reference for the construction of corporate governance paradigm and help companies achieve long-term development in the digital wave.
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More Articles>>

Announcements

 

Online Access to the articles of Vol.7, No.1, 2024

We are pleased to announce that all the articles on vol. 7, No. 1, 2024, are now accessible online. This comprehensive collection is ready for your reading and research needs.
Posted: 2024-07-08
 

Polish Quality Award for prof. Radosław Wolniak

Posted: 2024-05-08 More...
 

Blockchain Technology: A Financial Game Changer

Posted: 2024-01-10 More...
 
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