<abstract xmlns="http://www.w3.org/1999/xhtml">The financialization of infrastructure has emerged as a resolution for alleviating government budget pressures derived from chronic underinvestment in infrastructure and post-global financial crisis recession. Two interrelated phenomena are considered central features of the financialization of infrastructure: the transformation of infrastructure into an alternative asset class and the growth of public–private partnerships (PPPs) in infrastructure development. In particular, the expansion of global PPPs has attracted the attention of various entities, including state-owned enterprises (SOEs). Recently, SOEs have participated in foreign infrastructure PPPs as private sector entities. Unlike conventional private sector involvement in infrastructure PPPs, SOEs aim to achieve public objectives and mobilize both public and private resources to enhance competitiveness within the global PPP market. In this paper, the specificities of SOEs participating in foreign infrastructure PPPs and their implications for the financialization of infrastructure are analyzed using a South Korean SOE: Korean Overseas Infrastructure and Urban Development Corporation (KIND). This reveals why and how SOEs engage in foreign infrastructure PPPs via the drivers and business strategies of KIND. Moreover, it examines infrastructure PPPs managed by KIND to reveal how the business strategies of KIND work in practice. Consequently, this paper suggests that SOEs engaging in foreign infrastructure PPPs attempt to achieve policy objectives through the production and financialization of foreign infrastructure. In the process, SOEs actively take advantage of entities and resources from both the public and private sectors.</abstract>

Production and Securitization of Foregin Infrastucture by “Team Korea”

<abstract xmlns="http://www.w3.org/1999/xhtml">The objective of this paper is to speak about the issue of independence. To reach this goal corporate governance was considered as an example of good practices that may help organizations prevent fraud. Fraud was considered under a perspective of financial engineering - dedicated to building, enabling and displaying high dividends to shareholders that were non-existent. These events defrauded public opinion on the trust in the auditor and the confidence in the companies and showed the lack of independence of the different players. It must be said that the participation in these frauds was shared, at least, by the top management, the auditors and the accounting personnel. As an immediate consequence some ethical issues and guidelines for the reinforcement of the organization′s internal control arose. As concerns the factor of independence, particular stress on the supervising and inspecting functions of the Portuguese Stock Commission –CMVM - was considered. This entity is responsible for the supervision of the listed companies but at the same time it inspects the auditor′s work for the companies in its portfolio.A benchmarking analysis with the Nordic countries of Norway, Sweden and Finland was done. This was undertaken because these countries show some relevant cultural and ethical differences and a peculiar cultural/organizational approach that should be considered.</abstract>

The Independence Issue and Audit a Comparative Study of Portugal (EU) and Nordic Countries – A Theoretical Approach

<abstract xmlns="http://www.w3.org/1999/xhtml"><bold>Purpose</bold> The main objective of this study is to expand the technology acceptance model (TAM) by examining the factors affecting the adoption of mobile banking services by the customers of Palestinian banks and to design a comprehensive model based on TAM and TPB and additional constructs.<bold>Design/methodology/approach</bold> This study used the quantitative approach with cross sectional research design and a questionnaire as a data tool. From the six big cities in Palestine, we surveyed 1000 banking consumers. The samples include different characteristics. For construct relationship analysis this study applied partial least squares (PLS).<bold>Findings</bold> The study framework provides a complete view of mobile banking services. This framework takes into consideration more determinants for prediction than other studies on the adoption of innovations. The results of using this model managed to clarify nearly 77.4 percent of the dependent variable (intention to adopt mobile banking service) variation. This is a much greater value than those of the previous studies. Moreover, this study found that the perceived risk has a negative effect on consumers’ intention to use mobile banking services. Attitude, facilitating conditions, perceived ease of use, website usability, and perceived trust were identified as the important variables that have a significant positive effect on the consumers’ intention to use mobile banking services in Palestine.<bold>Originality/value</bold> – the findings can be used by financial institutions and banks to enhance the usage rate of consumers’ adoption and to develop their strategies.</abstract>

Expanding TAM and Investigating the Factors that Effect Consumer Intention to Adopt Mobile Banking in Palestine

<abstract xmlns="http://www.w3.org/1999/xhtml">This article offers an empirical analysis of determinants of inflation in 28 European economies that belonged to the transition group of countries in the end of the last century. We rely on dynamic panel methodology and find that economic and structural variables, including economic openness, unemployment, real wages, institutional effects, as well as external factors, such as prices of food and oil, determine the short-run inflationary dynamics in these countries. The obtained results also indicate that inflation rate is autoregressive in the observed period (2005-2015), confirming that contemporaneous inflation rate is determined by the entire history of these determinants. Our further investigation reveals long- term effects of the majority of these variables on price dynamics. Interestingly, distinction between the current EU and transition countries in the model does not lead to different conclusions.</abstract>

Determinants of Inflation in Europe – A Dynamic Panel Analysis

<abstract xmlns="http://www.w3.org/1999/xhtml">The article presents an analysis of the level of income flowing to the municipalities’ budget from the permit fees to sell alcoholic beverages in selected municipalities. For the purposes of the article, three objectives have been set for determining the level of revenue from the fee. Particular objectives included establishing the share of the revenue from the fee in the total revenue of communes, the dynamics of changes in revenue in particular years and a general assessment of the dynamics of revenue from the fee in communes in relation to the base year. The study for the purpose of publication covered a total of 13 coastal communes (8 urban communes and 5 rural communes) from Pomorskie Voivodship in Poland in 2016-2019. The evaluation was carried out on the basis of available reports on the implementation of the commune budget and reports on the revenue of communes. Analytical methods were used. The results of the evaluation indicate that the income from the permit fees to sell alcoholic beverages constitutes a small share in the total income of the examined communes. The highest income from the analysed fee in the study constituted 1.60% of total income to the commune budget. In the case of most of the surveyed communes, income from the fee did not exceed 1% of the total income to the commune budget. Moreover, the revenue from the fee in 2016-2019 in the case of most communes increased annually. The added value of the publication is the presentation of the level of income to the budgets of selected communes from these alcoholic beverage sale fees which enables financing the tasks in this area.</abstract>

Revenue Analysis of the Impact of the Fee for Issuing a Permitforthe Sale of Alcohol on the Commune Budget of the Example of Selected Coastal Communes

<abstract xmlns="http://www.w3.org/1999/xhtml">The phenomenon of fraud and abuse remains relevant, as evidenced not only by studies published in this area, but also by the measures taken by economic operators to reduce it. Whistleblowing is an increasingly common tool for detecting fraudulent activities. It involves informing the organization’s management or external entities of any ethically, fraudulently or corruptly motivated irregularities. The level of interest in whistleblowing among Polish market entities is relatively low, mainly due to the lack of appropriate organizational culture, which is influenced by both internal and external factors within which the company operates. An important barrier in the implementation of whistleblowing in economic structures are both the ethical and sociological aspects and the low level of trust of potential whistleblowers towards their personal security for disclosing information about the signs of a prohibited act. Therefore, this tool is not very popular due to the lack of safeguards under national law, as well as internal regulations of entities using it. The aim of the publication is to verify the extent to which the whistleblowing tool is used to counteract the risk of abuse by economic entities listed on the Polish Stock Exchange, covered by the WIG 30 Index.</abstract>

Whistleblowing as a Mechanism of Fraud Risk Management in Economic Practice

<abstract xmlns="http://www.w3.org/1999/xhtml">The article focuses on the phenomenon of financial literacy of students. Financial literacy is treated as a combination of financial knowledge and the decision-making process where one has to make a choice based on experience and theory. The aim of this paper is to draw attention to the essence of financial literacy, including knowledge of banking (especially of young people). For this purpose, a literature review was used. Own research complements the topic as a case study, where the author verifies whether students assess their knowledge in a way that corresponds to reality and verifies whether students need to expand their financial knowledge sorely necessary nowadays. The survey was completed by 380 students from University of Information Technology and Management in Rzeszów, of both economic and non-economic field of studies. There are some unexpected results, for example the most important is that students from a financial field of studies end up with worse results than their peers from the non-financial degree programs.</abstract>

Financial Literacy of Students – The Case Study of UITM in Rzeszów, Poland

<abstract xmlns="http://www.w3.org/1999/xhtml">The motivation for this research enquiry is to identify the role of the business age, size and risk for the choice of debt financing in the textile and apparel sector of Pakistan along with other controlled factors. The textile and apparel sector of Pakistan comprises 464 listed entities as the targeted population while the study randomly finalized 60 firms as the sample after carefully analyzing the required information from the financial statements during the annual revenue streams of 2013-2019. The predicted variable for this research enquiry is measured by short, long and total-debt ratios while the predictor variables include the business age, firm’s scale and risk. In addition, the research includes tax shield, tangibility, liquidity, profitability, and growth as the controlling factors. The study estimated that the choice of total-debt ratio is strongly affected by business age, size and risk along-with tax shield, tangibility, liquidity and profitability while the choice of short-term debt ratio mainly depends upon the firm’s scale and age along with the tax shield. In addition, the choice of long-term debt ratio is strongly explained by the firm’s scale and age along with the tax shield, liquidity and profitability. The estimated evidence provides management with the implications for the textile and apparel sector of Pakistan to consider as significant factors in deciding the debt financing choice of this sector. The estimated evidence of this research enquiry applies to the non-financial textile sector only and cannot be generalized to the financial sector. Future research may enhance the financing choice towards the inclusion of equity financing with the same set of variables.</abstract>

Role of Business Age, Scale &amp; Risk in Debt Financing Choices for the Pakistani Textile &amp; Apparel Industry

AHEAD OF PRINT

Volume 20 (2024): Issue 1 (March 2024)

Volume 19 (2023): Issue 4 (December 2023)

Volume 19 (2023): Issue 3 (September 2023)

Volume 19 (2023): Issue 2 (June 2023)

Volume 19 (2023): Issue 1 (March 2023)

Volume 18 (2022): Issue 4 (December 2022)

Volume 18 (2022): Issue 3 (September 2022)

Volume 18 (2022): Issue 2 (June 2022)

Volume 18 (2022): Issue 1 (March 2022)

Volume 17 (2021): Issue 4 (December 2021)

Volume 17 (2021): Issue 3 (September 2021)

Volume 17 (2021): Issue 2 (June 2021)

Volume 17 (2021): Issue 1 (March 2021)

Volume 16 (2020): Issue 4 (December 2020)

Volume 16 (2020): Issue 3 (September 2020)

Volume 16 (2020): Issue 2 (June 2020)

Volume 16 (2020): Issue 1 (March 2020)

Volume 15 (2019): Issue 4 (December 2019)

Volume 15 (2019): Issue 3 (September 2019)

Volume 15 (2019): Issue 2 (June 2019)

Volume 15 (2019): Issue 1 (March 2019)

Volume 14 (2018): Issue 4 (December 2018)

Volume 14 (2018): Issue 3 (September 2018)

Volume 14 (2018): Issue 2 (June 2018)

Volume 14 (2018): Issue 1 (March 2018)

Volume 13 (2017): Issue 4 (December 2017)

Volume 13 (2017): Issue 3 (September 2017)

Volume 13 (2017): Issue 2 (December 2017)

Volume 13 (2017): Issue 1 (November 2017)

Volume 12 (2016): Issue 4 (December 2016)

Volume 12 (2016): Issue 3 (October 2016)

Volume 12 (2016): Issue 2 (June 2016)

Volume 12 (2016): Issue 1 (March 2016)

Volume 11 (2015): Issue 4 (December 2015)

Volume 11 (2015): Issue 3 (September 2015)

Volume 11 (2015): Issue 2 (June 2015)

Volume 11 (2015): Issue 1 (March 2015)

Financial Internet Quarterly

   Our journal The Financial Internet Quarterly is already indexed in Emerging Sources Citation Index!   Established in 2004 with the support of the National Central Bank of Poland, the Financial Internet Quarterly (FIQ), initially 'Financial Internet Quarterly e-Finanse', is a scientific Journal published by The University of Information Technology and Management in Rzeszow, Poland. As a peer-reviewed, open-access Journal, FIQ plays a pivotal role in bridging the research gap within the European financial scholarly community, appealing to a wide array of finance professionals, academics, and students. By eliminating Article Processing Charges (APCs), it ensures unrestricted access to its comprehensive research findings. FIQ's scope spans crucial financial disciplines. It offers insights into corporate finance, focusing on investment strategies and governance. The journal delves into banking, covering risk management and financial innovation, and explores public finance topics like fiscal policy and taxation. It also examines capital markets, analyzing securities trading and market dynamics, alongside addressing insurance, accounting, and legal aspects of financial management. This broad coverage ensures FIQ's role as a pivotal platform for finance-related discourse, upheld by its distinguished Editorial Board. The Editorial Board, consisting of esteemed scholars, ensures that FIQ maintains rigorous academic standards and relevance in its publications. This commitment positions FIQ as an essential resource for advancing knowledge and fostering dialogue within the global financial community. Why subscribe and read The aim of this quarterly publication is the popularization of financial knowledge and the presentation of new ideas in this field. We publish articles covering a wide range of financial topics, including issues related to business finance, public finance, insurance, banking, accounting, capital markets and the legal aspects of financial management.  Why submit  The journal have constructive double – blind peer review process and efficient publication process.  Rejecion Rate   7%   Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 