Regulation of Finance and Accounting: 21st and 22nd Virtual Annual Conference on Finance and Accounting (ACFA2020-21), Prague, Czech Republic

Preface
Contents
Chapter 1: Financial Regulations, Supervision Structure and Banking Performance in CESEE
	1.1 Introduction
	1.2 Data and Variables
		1.2.1 Observable Characteristics
	1.3 Empirical Strategy and Methods
		1.3.1 How Does a Signal for Higher Supervisory Attention Relate to the Risk-Adjusted Performance of Individual Banks?
		1.3.2 Does the Centralized or Decentralized Supervision Structure (SSM) Have Any Contribution to the Total Effect of Supervisi...
	1.4 Results and Discussions
	1.5 Conclusion
	Appendix
	References
Chapter 2: The Income Velocity of Money - Determinants (Case of the Czech Republic)
	2.1 Introduction
	2.2 Data and Methodology
	2.3 Money Velocity Determinants
	2.4 Conclusion
	References
Chapter 3: The Impact of Central Bank Policy Rate on Financial Development: The Case of Europe
	3.1 Introduction
	3.2 Literature Review
	3.3 Data
		3.3.1 Definition of Data
		3.3.2 Descriptive Statistics
		3.3.3 Unit Root Test Results
	3.4 Econometric Method and Empirical Findings
		3.4.1 Model and Methodology
		3.4.2 Empirical Findings
	3.5 Conclusion
	References
Chapter 4: Causes of Limitations of GDP Per Capita as an Indicator of Economic Development
	4.1 Introduction
	4.2 Limitations of GDP Per Capita as an Indicator of Economic Development
	4.3 Human Development Index as an Indicator of Well-Being
	4.4 Data and Methodology
		4.4.1 Data
		4.4.2 Dependent Variable
		4.4.3 Model
		4.4.4 Explanatory Variables
		4.4.5 Methods
	4.5 Results and Discussion
	4.6 Conclusion
	References
Chapter 5: A Synergistic Forecasting Model for Techno-Fundamental Analysis of Gold Market Returns
	5.1 Introduction
	5.2 Data
	5.3 Methodology
	5.4 Empirical Findings
	5.5 Conclusion
	Appendix
		Flow Chart of the Proposed Synergistic Techno-Fundamental Model
	References
Chapter 6: Inter-Market Sentiment Analysis Using Markov Switching Bayesian VAR Analysis
	6.1 Introduction
	6.2 Data and Methodology
	6.3 Empirical Findings
	6.4 Conclusion
	References
Chapter 7: Heston-Hull-White Model
	7.1 Introduction
	7.2 Data and Methodology
	7.3 Calibration Process
	7.4 Data
	7.5 Results and Discussion
	7.6 Conclusion
	References
Chapter 8: The Implementation of Borrower-Based Measures: The Case of the Czech Republic
	8.1 Introduction
	8.2 Data and Methodology
	8.3 Empirical Analysis
	8.4 Results and Discussion
	8.5 Conclusion
	References
Chapter 9: Prepayment Risk in Banking: Empirical Evidence from the Czech Republic
	9.1 Introduction
	9.2 Theoretical Part
		9.2.1 Embedded Options of a Bond
		9.2.2 Embedded Options of a Bank Loan
		9.2.3 Prepayment Risk
	9.3 Methodology
		9.3.1 Case Study on the Interest Rate Risk of a Bank
		9.3.2 The Net Present Value of a Bank´s Total Loss
	9.4 Empirical Part
		9.4.1 Modeling Periods
			9.4.1.1 Decreasing Interest Rates (2006-2011)
			9.4.1.2 Low Interest Rates (2012-2017)
			9.4.1.3 Increasing Interest Rates (2017-2020)
		9.4.2 Results of Theoretical Modeling in the 2011-2016 Period
			9.4.2.1 Theoretical Modeling (Without Mortgage Prepayment)
		9.4.3 Theoretical Modeling (with Mortgage Prepayment)
			9.4.3.1 Empirical Modeling (Without Mortgage Prepayment)
	9.5 Conclusion
	References
Chapter 10: Determinants of Capital Structure: The Case of Chinese Technology Firms
	10.1 Introduction
	10.2 Literature Review
	10.3 Data
		10.3.1 Hypothesis Development
	10.4 Model and Methodology
	10.5 Empirical Results and Discussion
	10.6 Conclusion
	References
Chapter 11: The Analysis of Share Repurchases in European Countries
	11.1 Introduction
	11.2 Data and Methodology
	11.3 Results and Discussion
	11.4 Conclusion
	Appendix
	References
Chapter 12: Split Payment Mechanism in the European Union - Comparative Analysis
	12.1 Introduction
	12.2 Split Payment in Poland
	12.3 Split Payment in Czech Republic
	12.4 Split Payment in the Netherlands
	12.5 Split Payment in Italy
	12.6 Split Payment in Romania
	12.7 Conclusion
	References
Chapter 13: Investment in the Business Operations of Polish Listed Companies
	13.1 Introduction
	13.2 Literature Review
	13.3 Data and Methodology
	13.4 Results and Discussion
	13.5 Conclusion
	References
Chapter 14: The Impact of Renewable Energy and Technology Innovation on Chinese Carbon Dioxide Emissions
	14.1 Introduction
	14.2 Data and Methodology
	14.3 Results and Discussion
	14.4 Conclusion
	References
Chapter 15: Green Bond Pricing and Its Determinant: Evidence from Chinese Secondary Market
	15.1 Introduction
	15.2 Research Hypothesis Formulation
	15.3 Data
	15.4 Methodology
	15.5 Determinants of the Green Premium
	15.6 Empirical Results and Discussion
	15.7 Conclusion
	References
Chapter 16: The Use of Sustainable Archetypes in Financial Entities: A Comparison of Developed and Emerging Economies
	16.1 Introduction
	16.2 Data and Methodology
	16.3 Results
	16.4 Conclusion
	References
Chapter 17: The Role of IAS 38 in the Evaluation of the Effects of Business Model Innovation
	17.1 Introduction
	17.2 Data and Methodology
	17.3 Results and Discussion
		17.3.1 The Literature Study
		17.3.2 The Empirical Study
	17.4 Conclusion
	References
Chapter 18: How Czech Companies Comply with IAS 36 Disclosure Requirements
	18.1 Introduction
	18.2 Literature Review
	18.3 Theoretical Basis
	18.4 Testing of Mandatory Disclosed Information
		18.4.1 Mandatory Disclosed Information for Positive Impairment Testing of Goodwill
		18.4.2 Mandatory Disclosed Information for Positive Impairment Testing of Property, Plant and Equipment
		18.4.3 Mandatory Disclosed Information for Positive Impairment Testing of Investments in Subsidiaries
		18.4.4 Key Assumptions upon Which Cash Flow Plans Are Based
	18.5 Conclusion
	References
Chapter 19: Does IFRS 9 Increase Volatility of Loan Loss Provisions?
	19.1 Introduction
	19.2 Provisioning Rules Under IFRS 9
	19.3 Data and Methodology
	19.4 Results and Discussion
	19.5 Conclusion
	References
Chapter 20: IFRS 9 - Implications on Procyclicality
	20.1 Introduction
	20.2 On the Way to Countercyclicality of Loan Loss Provisioning
	20.3 Credit Cycle and the Role of Provisioning Rules
	20.4 Data and Methodology
	20.5 Results and Discussion
	20.6 Conclusion
	References
Chapter 21: Financial Highlights on Corporate Websites: Empirical Evidence from Poland
	21.1 Introduction
	21.2 Data and Methodology
	21.3 Results and Discussion
	21.4 Conclusion
	References
Chapter 22: International Financial Reporting Standards and Earnings Quality: The Case of Listed Firms in Saudi Arabia
	22.1 Introduction
	22.2 Literature Review
	22.3 Hypothesis Development
	22.4 Data and Methodology
		22.4.1 Sample and Data
		22.4.2 Empirical Models and Control Variables
			22.4.2.1 Control Variables
			22.4.2.2 Earnings Management
	22.5 Empirical Results
		22.5.1 Descriptive Statistics
		22.5.2 Univariate Analysis
		22.5.3 Empirical Results
	22.6 Conclusion
	References
Chapter 23: Deferred Tax Reporting in Czech Limited Partnerships
	23.1 Introduction
	23.2 Tax Position of the Czech Limited Partnership
	23.3 Proposed Method for Deferred Tax Accounting in Czech Limited Partnerships
	23.4 Data and Methodology
	23.5 Results and Discussion
	23.6 Conclusion
	References
Chapter 24: The Effect of the Deferred Tax on Business Combinations in the Czech Republic
	24.1 Introduction
	24.2 Data and Methodology
	24.3 Conclusion
	References
Chapter 25: The Specificity of the Accounting and Tax System and the Importance of a Limited Partnership on the Example of the...
	25.1 Introduction
	25.2 The Essence of a Limited Partnership
	25.3 Accounting System of Limited Partnerships
	25.4 Data and Methodology
	25.5 Results and Discussion
	25.6 Conclusion
	References
Chapter 26: The Origin of True and Fair View in the Czech Accounting
	26.1 Introduction
		26.1.1 Overview of TFV Essential Research in Europe
		26.1.2 Overview of TFV Essential Research in Czechoslovakia/Czech Republic
	26.2 True and Fair View in the EC 4th Directive and Methodology
		26.2.1 True and Fair View in the EC 4th Directive
		26.2.2 Methodology
	26.3 True and Fair View in the Czech Accounting
		26.3.1 True and Fair View Before 1989
		26.3.2 True and Fair View After 1989
	26.4 Conclusion
	References
Chapter 27: Role of Independent Professional Body in Accounting Regulation in the Czech Republic
	27.1 Introduction
	27.2 Data and Methodology
	27.3 Results and Discussion
		27.3.1 Organizing NAB
		27.3.2 The NAB Interpretations
	27.4 Conclusion
	References
Chapter 28: Audit Committee Composition and Corporate Risk Disclosure in Emerging Country
	28.1 Introduction
	28.2 Literature Review
		28.2.1 Risk and Risk Disclosure
		28.2.2 The Nigerian Stocks Exchange
		28.2.3 Auditing and Audit Committee Regulations in Nigeria
		28.2.4 Theoretical Background
		28.2.5 Prior Empirical Studies
	28.3 Development of Hypothesis
		28.3.1 Audit Committee Size
		28.3.2 Independent Director in the Audit Committee
		28.3.3 Independent Chairperson in the Audit Committee
		28.3.4 Nonexecutive Member in the Audit Committee
		28.3.5 Audit Committee Meetings
	28.4 Methodology
		28.4.1 Sample and Data
		28.4.2 Content Analysis
		28.4.3 Measurement of Variables
	28.5 Result and Discussion
		28.5.1 Pearson´s Correlation
		28.5.2 Heteroskedasticity
		28.5.3 Regression Result
	28.6 Conclusion
	References
Chapter 29: The Supervisory Authorities´ View on Audit Quality in the Czech Republic
	29.1 Introduction
	29.2 Literature Review
	29.3 Data
	29.4 Results and Discussion
	29.5 Conclusion
	References
Chapter 30: Shadow Economy in the Regions of Russia: Spatial Aspects
	30.1 Introduction
	30.2 Data and Methodology
	30.3 Results and Discussion
	30.4 Conclusion
	References
Chapter 31: State-Owned Enterprises in the Era of Peter the Great
	31.1 Introduction
	31.2 Data and Methodology
	31.3 Results and Discussion
		31.3.1 Mercantilism as the Basis of Peter the Great´s State Policy
		31.3.2 State-Owned Enterprises in Russia at the End of the Seventeenth to Early Eighteenth Centuries: Industry Affiliation
		31.3.3 State-Owned Enterprises in Russia at the End of the Seventeenth to Early Eighteenth Centuries: Transition to Private Se...
	31.4 Conclusion
	References
Chapter 32: Examining the Impact of Socioeconomic Factors on Crime Rates: A Panel Study
	32.1 Introduction
	32.2 Literature Review
	32.3 Data and Methodology
	32.4 Empirical Findings
		32.4.1 Preliminary Test Results
		32.4.2 FMOLS and Causality Test Results
	32.5 Conclusion
	References
Chapter 33: Tax Avoidance and Companies´ Opacity: A Theoretical Approach
	33.1 Introduction
	33.2 The Conflict Between Agents and Principals
	33.3 Companies´ Opacity
	33.4 Tax Avoidance
	33.5 Relation Between Disclosure Practices and Corporate Tax Strategies
	33.6 Conclusion
	References
Chapter 34: Testing the Validity of Wagner´s Law in the Czech Republic
	34.1 Introduction
	34.2 Theoretical Background
		34.2.1 Wagner´s Law Validity Testing in Developing Countries
	34.3 Empirical Framework
		34.3.1 Methodology
		34.3.2 Data
	34.4 Empirical Results and Discussion
		34.4.1 VEC Model Construction and Testing
		34.4.2 Discussion
	34.5 Conclusion
	Appendix
		Data
		Test of Cointegration (Johansen)
		VAR Model
		VECM Test of Coefficients
		Stability Testing: CUSUM Stability Test Results
	References
Chapter 35: Developing a Business Model for an Oil Company by Integrating Sustainable Development Goals
	35.1 Introduction
	35.2 Data and Methodology
	35.3 Results and Discussion
	35.4 Conclusion
	References
Index