Participation of Financial Institutions in Minimizing the Risks of the Road Transport Complex

Bubnova, Yulia; Stepanova, M.N

doi:10.1016/j.trpro.2022.01.022

Cited by 3 publications

(3 citation statements)

References 4 publications

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“…The results of the regression analysis show that in effective risk management, statistically significant determining variables are sector and country. This is also confirmed in the study by Buganová et al (2021), Lahuta et al (2021), and Bubnova and Stepanova (2022). It can be stated that in the manufacturing sector, the probability of effective risk management is significantly lower than in other sectors.…”

Section: Discussionsupporting

confidence: 71%

Risk Management Level Determinants in Visegrad Countries – Sectoral Analysis

Belás

Gavurová

Kubák

et al. 2023

Technological and Economic Development of Economy

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Increasing competition has emphasized the need for creating and using more effective strategies at the level of SMEs to achieve competitive advantage. SMEs face higher risks in terms of the globalization due to the limited resources as well as size. The objective of the study was to examine the determinants of risk management with an emphasis on the sector specifics of SMEs in the V4 countries. This enables the quantification of sectoral differences in relation to the socioeconomic determinants. The research sample included 1585 SMEs from the V4 countries. The data obtained from SME managers and owners were processed using the descriptive statistics and logistic regression. The results of the analyses confirm the existence of differences across SMEs concerning the risk management, which are determined by the country in which a given company operates, industry, gender and age of its manager or the owner of the company. The results of the study provide a valuable platform for the development of systems to measure and assess business risks in companies and to set up training systems. It will also enhance the development of international and national benchmarking indicators and the creation of international databases for comparative analyses.

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Section: Discussionsupporting

confidence: 71%

Risk Management Level Determinants in Visegrad Countries – Sectoral Analysis

Belás

Gavurová

Kubák

et al. 2023

Technological and Economic Development of Economy

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“…At the same time, in the context of digitalization, the problem of ensuring the financial stability of the banking system becomes extremely important. The devastating consequences of the global financial crisis have called into question the adequacy of many basic principles of contemporary financial management, including issues about the effectiveness of bank risk management tools and financial engineering [1][2][3].…”

Section: Introductionmentioning

confidence: 99%

Bank Financial Risk Assessment in the Digital Background

Petrina,

Stadolin,

Kozhina

et al. 2024

IJSSE

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“…to other nations or locations. It would be interesting to evaluate the probable causes for the effect of insurance coverage on POC usage, which was not investigated in this study.The role that financial institutions play in reducing dangers in the road transport complex is investigated byBubnova et al (2022).The study argues that banks and other financial organizations may helpKoch et al (2022) learn how community-based health insurance (CBHI) affects women's risk of financial ruin after having a caesarean section performed at a rural hospital in Rwanda. The research revealed that those with CBHI had a considerably lower risk of experiencing financial disaster than women without CBHI.…”

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confidence: 99%

Harnessing the Power of Globalization: A Study of the Association between Globalization, Transportation Energy, and Insurance and Financial Services in Europe and Central Asia

Sriyanto

Imran

Khan

et al. 2023

IJEEP

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The increasing globalization and information communication associated with commerce are confronted with the risk experienced over the years in the various production sectors of the economies. The research studied the influence of ICTs capital goods exports, industrial value addition, transportation energy, and globalization on insurance & financial services in a panel of 29 selected European and Central Asian nations. The research spanned from 2012 to 2021 and used a Panel quantile regression model. It was shown that insurance and financial services increased dramatically between the 0.40th and 0.90th quantiles due to technological progress. In addition, for quantiles between 0.10th and 0.90th, industrial value added is positively correlated with increased insurance and financial services. Quantile 0.10t show a negative and significant association between transportation energy and insurance risks. In contrast, quantiles between 0.40th and 0.90th show a positive and significant relationship, indicating a U-shaped relationship between these two variables. The causality findings validated the technology-led industrialization and transportation energy, while a bidirectional association was identified between globalization and transportation energy across nations. The variance decomposition results suggested that industrial value added, globalization, and technological advancement would exert greater variance shocks on the insurance and financial services sector over time. The study concludes that the progression of technology contributes to the maintenance of insurance performance in the age of globalization. This performance might be enhanced by developing more effective transportation energy services and industrial production.

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Participation of Financial Institutions in Minimizing the Risks of the Road Transport Complex

Cited by 3 publications

References 4 publications

Risk Management Level Determinants in Visegrad Countries – Sectoral Analysis

Risk Management Level Determinants in Visegrad Countries – Sectoral Analysis

Bank Financial Risk Assessment in the Digital Background

Harnessing the Power of Globalization: A Study of the Association between Globalization, Transportation Energy, and Insurance and Financial Services in Europe and Central Asia

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