TY - JOUR AU - Nugroho, Lucky AU - Orbán, Ildikó AU - Utami, Wiwik AU - Hidayah, Nurul AU - Nugraha, Erik TI - Liquidity Surplus and Profitability: How Does Liquidity Affect Profitability prior to and during COVID-19? (Empirical Indonesian Banking Sector) JF - WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS J2 - WSEAS TRANS BUSIN ECON VL - 21 PY - 2024 SP - 59 EP - 70 PG - 12 SN - 1109-9526 DO - 10.37394/23207.2024.21.6 UR - https://m2.mtmt.hu/api/publication/34256053 ID - 34256053 AB - This study aims to analyse the liquidity and profitability of the banking sector before the COVID-19 pandemic and during the COVID-19 pandemic. In addition, the focus of this research is also related to the effect of liquidity on profitability during the period prior to COVID-19 and during COVID-19. The research method used is quantitative, using secondary data, namely published financial reports from the banking industry. The total number of data observations used in this study is 132 banks. The problem formulation of this research includes: (i) How was the liquidity of the banking industry before the Covid-19 pandemic and during the Covid-19 pandemic?, (ii) How was the profitability of the banking industry before the Covid-19 pandemic and during the Covid-19 pandemic?, (iii) Does liquidity affect profitability in the pre-Covid-19 pandemic?, (iv) Does liquidity affect profitability during the Covid-19 pandemic?; (v) How is the comparison of the effect of liquidity on profitability between the period before the Covid-19 pandemic and during the Covid-19 pandemic?. The results of this study found that: (i) There is a significant difference in liquidity in the banking industry during the period before the Covid-19 pandemic and the Covid-19 pandemic, (ii) There is a significant difference in profitability in the banking industry before the Covid-19 pandemic and during the Covid-19 pandemic. During the Covid-19 pandemic, lending was constrained by the high risk of non-performing loans due to the decreased ability to pay from customers, (iii) In the period before the Covid-19 pandemic, the liquidity of the banking industry had no effect on the profitability of the banking industry, (iv) During the Covid-10 pandemic, the liquidity of the banking industry had a significant and negative effect on the profitability of the banking industry, (v) There is a difference between the impact of liquidity on the profitability of the banking industry in the pre-COVID-19 period and during COVID-19. This research implies that it is a benchmark for pre-researchers and practitioners affected by the banking sector's liquidity aspects. In addition, the novelty of this research is the object of research related to the analysis that compares the relationship between liquidity and profitability in the period before the Covid-19 pandemic and during the Covid-19 pandemic. LA - English DB - MTMT ER - TY - JOUR AU - Lisa, Oyong AU - Nugroho, Lucky AU - Orbán, Ildikó AU - Utami, Wiwik AU - Nugraha, Erik TI - The Performance of Islamic Microfinance Institutions in the COVID-19 Pandemic: Is Asset Quality Important? JF - SOSYOEKONOMI: SCIENTIFIC REFEREED QUARTERLY J2 - SOSYOEKONOMI VL - 31 PY - 2023 IS - 58 SP - 145 EP - 160 PG - 16 SN - 1305-5577 DO - 10.17233/sosyoekonomi.2023.04.07 UR - https://m2.mtmt.hu/api/publication/34345148 ID - 34345148 AB - This research aimed to analyse the moderating impact of non-performing financing on the effect of the distribution of murabahah financing and ijarah financing on the return on assets of Islamic microfinance institutions. The research method used was quantitative, using regression panel data. As for the research results, it is known that ijarah financing has no significant effect on increasing the return on assets of Islamic microfinance institutions. Meanwhile, murabahah financing positively and significantly affects increasing return on assets. Furthermore, the non-performing financing variable becomes a moderating variable that weakens the relationship between the distribution of ijarah financing and murabahah financing to the return on assets of Islamic microfinance institutions. The novelty of this study is to link the quality of the funding with the financial performance of Islamic microfinance institutions during the COVID-19 pandemic. LA - English DB - MTMT ER - TY - JOUR AU - Orbán, Ildikó AU - Tamimi, Oday TI - The Impact of IFRS 9 on Financial Reporting during Covid-19 from the Point of View of Experts in Europe JF - Australasian Accounting, Business and Finance Journal J2 - Australasian Accounting, Business and Finance Journal VL - 17 PY - 2023 IS - 4 SP - 21 EP - 36 PG - 16 SN - 1834-2019 DO - 10.14453/aabfj.v17i4.03 UR - https://m2.mtmt.hu/api/publication/34059248 ID - 34059248 AB - The present study aimed to clarify the risks that banks are exposed to in light of the Covid-19 pandemic, examine the impact of these risks on the quality of financial reports in banks, with an indication of how IFRS 9 can either exacerbate or mitigate these risk and its effects on the financial statements of banks. Finally, provide some solutions to maintain capital adequacy and minimize pandemic risks to which some banks may be exposed. This study used the descriptive and inferential statistics, as well as the questionnaire as a tool for collecting data. The analysis of data by using the statistical program SPSS 25 and Microsoft Excel. Three major findings are outlined in this study. First, there is a statistically significant relationship between Covid-19 pandemic and the increased risks to which banks are exposed based on the results of the tests of the hypotheses. Second, there is a statistically significant relationship between IFRS 9 and the quality of the financial statements. Finally, there is a statistically significant relationship between IFRS 9 and bank risks during of the Covid-19 pandemic. The findings of this study are important for bank executives, auditors, and bodies that set standards for accounting and auditing. LA - English DB - MTMT ER - TY - JOUR AU - Tamimi, Oday AU - Orbán, Ildikó TI - THE CORRELATION BETWEEN STATEMENT OF CASH FLOWS, IAS 7, AND EARNINGS PER SHARE, IAS 33: A CASE STUDY AT DAIMLER AG (MERCEDES-BENZ) JF - INTELLECTUAL ECONOMICS J2 - INTELLECTUAL ECONOMICS VL - 16 PY - 2022 IS - 2 SP - 6 EP - 25 PG - 22 SN - 1822-8038 DO - 10.13165/IE-22-16-2-01 UR - https://m2.mtmt.hu/api/publication/33347339 ID - 33347339 AB - The present paper aims to examine the relationship between cash flows from operating, investing, and financing activities from one side, and earnings per share from the other, for Daimler AG (Mercedes-Benz) – one of the largest and oldest multinational automotive corporations in the world. The paper is based on the analytical and descriptive approaches, and tests the hypotheses of the study using the annual reports for the period of 2010–2020. The analysis of data is performed using the IBM-SPSS 25 statistical program in addition to Microsoft Excel 2013. This study uses the techniques of descriptive and inferential statistics. Based on the results, this paper concludes that there is no relationship between net cash flows and earnings per share; there is also no statistically significant correlation between cash flow from investing and earnings per share. Regarding the net cash flow from operating and financing, there is a statistically significant relationship between this independent variable and earnings per share; at the same time, the correlation is positive for financing activities but negative for operating activities with earnings per share. Multinational automotive corporations such as Daimler AG (Mercedes-Benz) should show a link between cash flows and earnings per share when making decisions related to operating and investing activities because the relative difference between the statement of cash flows and earnings per share is important for external users, especially investors. LA - English DB - MTMT ER - TY - JOUR AU - Tömöri, Gergő AU - Bács, Zoltán AU - Felföldi, János AU - Orbán, Ildikó TI - Impact of Pharmaceutical R&D Activity on Financial Flexibility and Bargaining Power JF - ECONOMIES J2 - ECONOMIES VL - 10 PY - 2022 IS - 11 SN - 2227-7099 DO - 10.3390/economies10110277 UR - https://m2.mtmt.hu/api/publication/33228450 ID - 33228450 AB - The specificities of pharmaceutical companies’ activities also have an impact on their ability to improve profitability compared to other sectors. Examples of such specificities include patent rights on the medicines produced, which for a longer period of time prevent the entry of competing players, allowing sunk costs to be offset to some extent by advantages from using higher margins. The primary purpose of this study is to examine whether the bargaining power of R&D-engaged companies significantly affects the financial margin of their operations to a different extent than other pharmaceutical companies. This study examined panel data focused on companies with the highest turnover, while we filtered out differences in the effect due to different macroeconomic and development environments. Our findings are that while the gross profit was significantly influenced by the type of activity within the industry, this statement for the cash cycle is no longer justified. Our conclusion was that the difference between the engaged and non-engaged in R&D companies expressed mostly in the profitability ratios, besides that, countries which had different development policies and accounting systems also took impact on financial margins, although the relative GDP advantages disappeared when looking at intra-industry, cross-country movements. LA - English DB - MTMT ER - TY - GEN AU - Tamimi, Oday AU - Orbán, Ildikó TI - The Impact of IFRS 9 on Financial Reporting during Covid-19 Pandemic from the Point of View of Experts in Europe PY - 2022 UR - https://m2.mtmt.hu/api/publication/33153546 ID - 33153546 AB - The present study aimed to clarify the risks that banks are exposed during the Covid-19 pandemic, examine the impact of these risks on the quality of financial reports in banks, with an indication of how IFRS 9 can either exacerbate or mitigate these risk and its effects on the financial statements of banks. Finally, provide some solutions to maintain capital adequacy and minimize pandemic risks to which some banks may be exposed. This study used the descriptive and inferential statistics, as well as the questionnaire as a tool for collecting data. The analysis of data by using the statistical program SPSS 25 and Microsoft Excel. Three major findings are outlined in this study. First, there is a statistically significant relationship between Covid-19 pandemic and the increased risks to which banks are exposed based on the results of the tests of the hypotheses. Second, there is a statistically significant relationship between IFRS 9 and the quality of the financial statements. Finally, there is a statistically significant relationship between IFRS 9 and bank risks during of the Covid-19 pandemic. The findings of this study are important for bank executives, auditors, and bodies that set standards for accounting and auditing. LA - English DB - MTMT ER - TY - JOUR AU - Tamimi, Oday AU - Orbán, Ildikó TI - Financial engineering and its impact on audit efficiency in the opinion of experts JF - JOURNAL OF INTERNATIONAL STUDIES J2 - J INT STUDIES VL - 15 PY - 2022 IS - 2 SP - 50 EP - 62 PG - 13 SN - 2071-8330 DO - 10.14254/2071-8330.2022/15-2/4 UR - https://m2.mtmt.hu/api/publication/33077730 ID - 33077730 AB - The present study aimed to examine the impact of financial engineering on audit efficiency by analyzing the results of a research sample that included banks, auditors, financial analysts, and academics in Europe, as previous studies did not examine the relationship between these variables. Three major findings are outlined in this study. First, there is a statistically significant relationship between financial engineering and audit efficiency based on the results of the tests of the hypotheses. Second, there is a statistically significant relationship between financial engineering and the quality of financial reports, as the use of financial engineering innovations leads to a decrease in the credibility and relevance of financial reports for users. Finally, there is a statistically significant relationship between financial engineering and the expectations gap in the audit process, due to the increased need for more details about the financial instruments in the auditor's report. The findings of this study are important for auditors, financial engineers, bank executives, and bodies that set standards for accounting and auditing. LA - English DB - MTMT ER - TY - CHAP AU - Orbán, Ildikó AU - Szekeres, Alexandra AU - Bács, Bence András AU - Oláh, Zsolt ED - Fenyves, Veronika TI - Járt utat járatlanért?. Az IRFS beszámolásra áttérő vállalatok eltérő számviteli értékelési gyakorlatának vizsgálata TS - Az IRFS beszámolásra áttérő vállalatok eltérő számviteli értékelési gyakorlatának vizsgálata T2 - Magyar Nemzeti Bank - Debreceni Egyetem kutatási konferencia Fenntartható gazdaság Versenyképesség és digitalizáció PB - Debreceni Egyetem Gazdaságtudományi Kar CY - Debrecen SN - 9789634904014 PY - 2022 SP - 145 EP - 166 PG - 22 UR - https://m2.mtmt.hu/api/publication/32740064 ID - 32740064 LA - Hungarian DB - MTMT ER - TY - JOUR AU - Tamimi, Oday AU - Orbán, Ildikó TI - Hyperinflation and Its Impact on the Financial Results JF - INTELLECTUAL ECONOMICS J2 - INTELLECTUAL ECONOMICS VL - 14 PY - 2020 IS - 2 SP - 5 EP - 16 PG - 12 SN - 1822-8038 DO - 10.13165/IE-20-14-2-01 UR - https://m2.mtmt.hu/api/publication/31846534 ID - 31846534 AB - This paper aims to show the impact of hyperinflation on financial results, a phenomenon that is experienced in developed or developing countries. The concepts of hyperinflation and financial results were highlighted in addition to the effects of hyperinflation on the financial results based on secondary sources and the financial results of multinational corporations (MNCs) operating in Venezuela, which is currently the first among the economies affected by hyperinflation; a significant impact of this type of inflation on these affected corporations was observed. The most important result for this paper is that hyperinflation leads to the issuance of financial results in a misleading manner, and thus it causes difficulty in making proper decisions. Therefore, economies affected by hyperinflation should pay attention to solving this problem by focusing on how to manage the causes of hyperinflation. LA - English DB - MTMT ER - TY - JOUR AU - Orbán, Ildikó AU - Tamimi, Oday TI - Accounting Model for Impairment under IFRS 9 and its Impact on Loss Allowance JF - EUROPEAN RESEARCH STUDIES JOURNAL J2 - EUR RES STUD J VL - 23 PY - 2020 IS - 4 SP - 1259 EP - 1277 PG - 19 SN - 1108-2976 DO - 10.35808/ersj/1802 UR - https://m2.mtmt.hu/api/publication/31667897 ID - 31667897 AB - Purpose: The presented study is aimed at examining the impact of the above amendment on the amount of loan loss allowances based on the financial statements of the study sample that focused on the largest banks in Europe, and the study also intends to highlight the components of the accounting model for impairment of financial instruments under IFRS 9 in addition to the proposed models calculate the probability of the default main parameter in equation of ECL. Approach/Methodology/Design: This study used the casual relationship approach to describe the relationship between the variables of study based on the annual reports of the largest European banks, and the data analyzed by non-parametric statistics according to the result of the normality test. Findings: First, the new amendment related to the impairment of financial instruments under IFRS 9 has no significant impact on the total amount of ECL for the largest banks in Europe. Second, there is no difference among banks in the same country in terms of the calculation of ECL. Third, there is a difference among European countries in the amount of loss allowances for loans. Finally, there is a difference in terms of the total assets and the total amount of loan loss allowances. Practical Implications: The presented study provides significant results about the amount of loss allowances for largest banks in Europe that were less than expectations before the implementation for IFRS 9, which will have a significant impact for banks in particular and the economy as a whole in the case of compliance with real instruction for IFRS 9. Originality/Value: Original study, and our findings have important for bank boards, executive managers in these banks, investors, and accounting standard-setting bodies. LA - English DB - MTMT ER -