Digitalization in Finance and Accounting: 20th Annual Conference on Finance and Accounting (ACFA 2019) Prague, Czech Republic (Springer Proceedings in Business and Economics)

Contents
Contributors
Financialization of the Economy Versus Fintech Processes in the Perspective of 2030
	Introduction
	The Dynamics of Change in the Twentieth and Twenty-First Centuries
	Data and Method
	Results and Their Evaluation
		Results
			Results of the Forecast GDP Growth Model
		Stability of Results
	Conclusion
	References
Peer-to-Peer Lending: Evolution and Trends
	Introduction
	Literature Review
	A Brief History
	Best Practice Examples
		Mintos
		Twino
		October.eu
	Regulatory Framework for Crowdfunding
	Legislative Progress in Peer-to-Peer Lending Crowdfunding
	Conclusion
	References
The Future of Audit: Literature Review of Possibilities of Automation and Blockchain Technology
	Introduction
	Development of Audit
		Audit 1.0 and 2.0
		Audit 3.0
		Audit 4.0
	Automation of Audit Procedures
		Smart Audit Procedures
	Audit in Blockchain Technology
		Verification of Transactions in Blockchain
		Change in Reaction to Audit Risks
	Conclusion
	References
Electronic Data Format XBRL: Recent Development and Prospects in the EU
	Introduction
	Overview of XBRL
		What Is (i)XBRL?
		Diffusion of XBRL
	XBRL in the Context of EU Regulation
	What Can We Expect from ESEF: Prior Literature Review
		Preparers’ Perspective
		Auditors’ Perspective
		Users’ Perspective
	Conclusion
	References
World Development of XBRL
	Introduction
	The Origins of XBRL Language and an International Organization
	Current State of XBRL
	Nation Taxonomy
	State and Development of XBRL Europe Union
	ESEF
	Conclusion
	References
Renewable Energy Financial Modelling: The Chinese Stock Price Case
	Introduction
	Literature Review
	Data
	Methodology
	Results and Discussion
	Conclusion
	References
Is the Investor’s Biorhythm Affecting the Stock Market?
	Introduction
	Data and Methodology
		Model Estimation
		Data
	Results and Discussion
	Conclusion
	References
Weather Influence on Stock Market: Evidence from Romania
	Introduction
	Data and Methodology
		Data Sample
		Model Estimation
	Results and Discussion
	Conclusion
	References
Trust in the Collective Investment Sphere: Evidence from Ukraine
	Introduction
	Brief Literature Review
	Methodology
	Empirical Results
	Conclusion
	References
Does Regulatory Stress Testing Make Banks Perform Better and Be Less Risky?
	Introduction
	Background to the EBA Stress Tests and hypotheses Development
	Data Description
	Methodology
	Summary of Results
	Conclusion
	Appendix
	References
A Study on Assessment of the Reserve Adequacy: Evidence from Turkey
	Introduction
	Short-Term Debt Benchmark and Brief Literature on Reserve Adequacy
	Data and Methodology
	Analysis Results
	Conclusion
	References
Testing New Measures of Exchange Market Pressure in Sub-Saharan Africa
	Introduction
	Literature Review
		Modifications of the EMP Index
	Research Design
	Results and Discussions
	Conclusion
	Appendix
	References
Scenario Analysis Approach for Operational Risk in Insurance Companies
	Introduction
	Data and Methodology
	Frequency Distribution Selection
		Binomial Distribution
		Poisson Distribution
		Negative Binomial Distribution
		Frequency Conclusion
	Severity Distribution Selection
		Lognormal Distribution
		Weibull Distribution
		Log-Logistic Distribution
		Severity Distribution Conclusion
	Aggregated Loss Distribution
	Conclusion
	References
EU Governments After the Crisis: Ready for Future Bailouts?
	Introduction
	Data and Methodology
	Results and Discussion
		Impact of the Stress Tests on Banks’ Capital Positions
		Government Debt Analysis
	Conclusion
	References
Testing the Hypothesis of Corporate Investment Life Cycle: The Case of Russia
	Introduction
		Investment Activity in the Context of Corporate Life Cycle Concept
	Data and Methodology
	Results and Discussion
	Conclusion
	References
Misuse of Company Mergers in Investment Funds?
	Introduction
	Data and Methodology
	Results and Discussion
		Deferred Realization of Sale
		Calculated Extension of the Accounting Period
	Conclusion
	References
Does the Industry Matter? Airline Bankruptcy Prediction
	Introduction
	Data and Methodology
	Findings
	Conclusions
	Appendix
	References
Rules for Preparation and Publishing of Financial Statements in Bankruptcy and Reorganization Proceedings: Evidence from Poland and the Czech Republic
	Introduction
	Methodology and Research Questions
	The Case of Poland
	The Case of the Czech Republic
	Results and Discussion
	Conclusion
	References
Information Asymmetry in Statutory Audit: A Literature Review
	Introduction
	Information Asymmetry in External Audit
	Role of Information in the Statutory Audit
	Conclusion
	References
Audit of Controlling in Hospitals: What Is the Scope of an Audit?
	Introduction
	Data and Methodology
	The Essence of an Audit
	System of Controlling
	The Scope of an Audit of Controlling in Hospitals
	Conclusion
	References
Side Effects of IFRS Adoption in NHS Foundation Trusts
	Introduction
	Data and Methodology
		Public Dividend Capital Dividend
	Results and Discussion
	Conclusion
	Appendix
	References
How Can Accrual Accounting Be Suitable for the Public Sector? The Possible Determinants of the Successful Reforms
	Introduction
	Theoretical Framework: NPM and New Institutional Theory
	The Relevance of Accrual Accounting and Cash Accounting
	Experiences Regarding Accruals and the IPSAS
	Conclusion
	References
Influence of Seasonality on the Value of Revenues from Ticket Sale in Public Transport
	Introduction
	Literature Review
		Seasonality of the Transport Services Provided in Tourist Destinations
		Essence of Revenues in Transportation
	Research Design: Case Study – Public Transport System in Zakopane (Poland)
	Results and Discussion
	Conclusion
	References
The Business Model as a Key Component of Integrated Reporting
	Introduction
	Data and Methodology
	Results and Discussion
		The Origin of Integrated Reporting
		The Meaning of Integrated Reporting
		The Importance of the Business Model within Integrated Reporting
		The Consistency of Information Disclosed Regarding the Business Model in Integrated Reports
	Conclusion
	References
Tasks of Modern Budgeting
	Introduction
	Data and Methodology
	Loss of Importance of Budgeting
	Weaknesses of Traditional Budgeting
	Factors Restricting the Development of Budgeting System in Practice
	Tasks of Modern Budgeting
	Conclusion
	References
State Aid for the Agricultural Sector as an Instrument of Fiscal Policy Focused on Economic Growth
	Introduction
	Literature Review
	Data and Methodology
	Results and Discussion
	Conclusion
	References
Regulation of Pharmacy Activity in Poland in Terms of State Interventionism Theory in Economy
	Introduction
	Literature Review
	Data and Methodology
	Results and Discussion
	Conclusion
	References
Factors Affecting Students Willingness to Undertake Creative Video Assignments in Finance and Accounting
	Introduction
	Hypothesis Development
		Business Success (Creativity, Innovation)
		Application of the Video for Teaching
		Student Score
		Topic Dependency
		Size of the Group
		Gender
		Timing
		Cross-Cultural Differences
	Data and Methodology
		Data
		Methodology
	Results
	Discussion
	Conclusions
	Appendix A: Procedure
		Initial Requirements: Provided at the Beginning of the Course
		Tutorial
		Video Technical Review Before the Group Presentation
		Video Group Presentation and Voting
		Post Voting Discussion and Knowledge Consolidation
	Appendix B: Assignment Instruction and a Sample of the Videos
		Panel A: Assignment Instruction
		Panel B: A Sample of the Student-Made Videos
	References
Determinants of Positive Financial Behaviors: A Study Among University Students
	Introduction
	Data and Methodology
	Results and Discussion
	Conclusion
	References
Analysis of Student Profile in Terms of Success in Accounting Study
	Introduction
	Literature Review
	Data and Methodology
	Results
	Conclusion
	References
Have Graduates from the Faculty of Finance and Accounting Professional Adequacy in Accounting?
	Introduction
	Professional Accountancy Bodies in the UK and Methodology
		ACCA Qualification Process
		ICAEW Qualification Process
		Methodology
	Results and Discussion
		ACCA
		ICAEW
	Conclusion
	References
Index