Forecasting Financial Indices

Thalassinos, Eleftherios; Hanias, M. P.; Curtis, Panayiotis G.; Thalassinos, John E.

doi:10.1201/b14959-50

Cited by 12 publications

(12 citation statements)

References 1 publication

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“…Although a number of research-based arguments can be found in the literature on the relevance or irrelevance of CSR to the host environment, there is no universal consensus on the issue due to the uniqueness of the contexts and the different methodologies used by the studies (Thalassinos et al, 2013). Several studies have argued that CSR increases profitability and promotes social and environmental stability.…”

Section: Statement Of the Problemmentioning

confidence: 99%

Financial Performance and Social Responsibility of Mining Materials Companies Listed on the Tunis BVMT Stock Exchange

Necib

2023

ijfirm

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Purpose: This study examined the impact of corporate social responsibility on the financial performance of industrial and mining companies listed on the Tunis Stock Exchange between 2011 and 2021. The study found a positive and significant relationship between net profit margin, return on assets, return on fixed assets and donations at the 5% significance level, respectively. Design/Methodology/Approach: Specifically, this study examined the impact of donations on the net profit margin, asset marketability and equity marketability of mining materials companies. The study used an ex post facto research design. The sample of the study is composed of six mining companies listed on the Tunisian stock exchanges. E-View 9.0 was used in conjunction with Pearson correlation coefficient and simple linear regression analysis. Findings:The results suggest that the implementation of CSR will maximize the future returns of industrial plants in Tunisia. It was suggested, among other things, those Tunisian mining materials companies should strive to increase their involvement in socially responsible activities such as community projects and environmental conservation in order to improve their financial performance. Practical Implications: The discovery of mining products led to a major confrontation between industry and the environment. The factories do not want to acknowledge that they are the primary source of the problems, while conflicts of interest led to the development and use of CSR. Originality/Value: Managers should strive to take into account the interests of customers, business partners, employees, shareholders and the general public when making decisions, as this is the best guarantee for consistent profitability.

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Section: Statement Of the Problemmentioning

confidence: 99%

Financial Performance and Social Responsibility of Mining Materials Companies Listed on the Tunis BVMT Stock Exchange

Necib

2023

ijfirm

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“…Therefore, attention should be paid, first of all, to the interesting study by Karakitsos and Varnavides (2014), where the authors presented the functioning of freight markets and the principles of assessing their effectiveness in the micro and macroeconomic aspect, taking into account business cycles affecting shipping operators and freight markets (Karakitsos and Varnavides, 2014). The methods of analysing freight markets and freight rate quoting processes presented provide grounds for assessments on shipowners' decisions made during the crisis and other phases of market development (Thalassinos et al, 2009;2013).…”

Section: Literature Reviewmentioning

confidence: 99%

Costs and Benefits of the Disruptions Caused by the Pandemic Crisis and the Container Shipping Market’s Turbulences and their Allocation within the Global Supply Chains: An Analytical Approach

Andrzej

2023

ERSJ

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Purpose:The main aim of the research is to determine the economic and financial effects of adopting aggressive pro fiscal pricing strategies by leading container shipping carriers, operating on a highly concentrated oligopolistic market hit by serious disturbances generated by global pandemic crisis, to indicate main directions and forms of the allocation of extra benefits and costs, induced by the disrupted container shipping markets, among the key logistics links of the global supply chains, and to assessing of the potential aftermath of such effects transfer within the logistics supply chain. Design/Methodology/Approach: At conducting this research, the following methods were applied: factor analysis (FA), costs/benefits and market analysis (CBMA) based on the evaluation of the container market freight indices, as well as in-depth analysis of many reports, experts' opinions and statistical data. Findings: The obtained research results indicate that the extremely strong market position of sea container carriers, achieved as a result of their widely advanced consolidation enables them to implement an aggressive pro-fiscal pricing strategy towards shippers, even in times of global crisis, allows them not only to realize extraordinary financial and economic benefits achieved in a significant part at the expense of shippers and forwarders, and to take action for the further capital integration of the global supply chain. Practical Implications: The results of the study clearly indicate that nowadays existing highly consolidated supply side of the global maritime container market, being a result of adopted by international regulatory authorities friendly for shipping operators regulatory mechanism should be changed. It is necessary to modify it, adopting a new regulatory model aimed at limiting the real market power of container consortia as well as their already strong impact on other links of the global supply chains. Originality/Value: It has been made an attempt to present how a dual, internally inconsistent, system of regulation of a highly integrated transport market of the oligopolistic type can at the time of a deep crisis and accompanying disruptions of the global supply chains, affect their economic and logistic environment, i.e., deepening the scale of deformation of such global logistics structures, as well as damaging the established level of credibility among their between its participants. This kind of research that may be treated as a case study, can contribute to enriching the existing theory of the functioning of transport markets, in particular the global market for container transport.

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“…The findings were reported by them to show that the new model was very successful in forecasting the BDI movement. Thalassinos, Hanias, Curtis, and Thalassinos (2013) use the False Nearest Neighbors (FNN) method to forecast the BDI. While Tsioumas, Papadimitriou, Smirlis, and Zahran (2017) used a multivariate Vector Autoregressive model with exogenous variables (VARX).…”

Section: Literature Reviewmentioning

confidence: 99%

Examining the Impact of Movements of the Commodity Price on the Value of the Baltic Dry Index during Covid19 Pandemic

Radivojević¹,

Muhović

Joksimović

et al. 2021

AJEER

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The Baltic Dry Index (BDI) is one of the most well-known indices, as it is perceived as a leading indicator of economic activity. Reductions in the movement of people, commodities, and capital in the conditions of economic crises, such as the one in 2008 and 2009, as well as the current economic crisis generated by the COVID-19 pandemic, were affected by the reduction of economic activities. It is interesting to point out that the analysis of the basic trend of the BDI movements in the period before the economic crisis shows that the index fell to near record lows just before the derivatives and credit crisis hit stocks full force. This is a clear signal that the index can be used as a tool for stock market forecasting. The paper aims to examine whether the changes in these raw materials affect the changes in the value of BDI. For these purposes in the paper was use GMM and 2SLS estimator. The results show that different raw materials have a different impact on the value of the BDI, which indicates that based on individual movements value of raw materials which composes the BDI cannot forecast its movement.

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Forecasting Financial Indices

Cited by 12 publications

References 1 publication

Financial Performance and Social Responsibility of Mining Materials Companies Listed on the Tunis BVMT Stock Exchange

Financial Performance and Social Responsibility of Mining Materials Companies Listed on the Tunis BVMT Stock Exchange

Costs and Benefits of the Disruptions Caused by the Pandemic Crisis and the Container Shipping Market’s Turbulences and their Allocation within the Global Supply Chains: An Analytical Approach

Examining the Impact of Movements of the Commodity Price on the Value of the Baltic Dry Index during Covid19 Pandemic

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