The discussion about the impact of financial development on economic growth is still relevant for economists. However, in recent years, after the financial crises of the first decade of the 21st century, there has arisen certain scepticism about the positive impact of the growing financial sector on economic growth rates. Moreover, specific cases of negative consequences of such a connection or its absence have become known. The 2008-2010 crises, certainly, played an important role in rethinking the nature of the impact of the financial sector on the real sector in the economy, which led to new arguments in favour of a relatively more cautious approach to stimulating the financial sector, given the potential negative effects on the country’s socio-economic security. The aim of the research is to determine the nature of the relationship between financial development and economic growth and its direction in Latvia in the period 1995–2017.
The objective of this empirical research is to analyze the risk-return through financial ratios as determinants of stock price in ASEAN region. To address this purpose, business firms from Malaysia, Indonesia, Thailand and Singapore are selected with a sample of 10 firms in each state over 2012 to 2016. Multiple regression technique is applied to analyze the relationship between financial ratios and stock prices. It is observed that current ratio, quick ratio, assets growth, return on assets, return on equity, return on capital employed, and price to earning ratio are significant determinants of stock price. Although this study is a reasonable addition in existing literature of financial ratios as determinants of stock price. However, contribution of the study can be viewed through covering a gap from the context of ASEAN region, which is under reserachers attentions for stock price determinants. Core limitations of the study covers limited number of sample size and five years of time duration. Besides, some ratios are missing which can be reconsidered in upcoming studies. These ratios include debt ratios, interest payment ratios, and fixed cost covered ratios as well.
The aim of the research is to assess convergence processes of market financial depth indicators in states with low, lower middle, upper middle, and high incomes in the period 1993-2015. The relevance of the research is determined by the fact that the deepening of financial markets encourages the increase in the level of economic stability and security, making it possible to serve the growing streams of trans-border capital. Deeper markets are able to provide alternative sources of finance during crises of international liquidity limiting sharp fluctuations of asset prices and currency exchange rates. Globalization of the world economy determines qualitative changes in the development of the world financial market. This is reflected in the dissolving boundaries between its various segments, as a result of which, problems of certain states and segments of the economy significantly influence other states and segments.
Sustainable development process is affected by contemporary phenomena. Big Data processing inefficiency is detrimental for banks’ activity excellence. The software used for running and handling the interbank network framework provides services with extremely strict uptime (above 99.98 percent) and quality requirements, thus tools to trace and manage changes as well as metrics to measure process quality are essential. Having conducted a two year long campaign of data collection and activity monitoring it has been possible to analyze a huge amount of process data from which many aggregated indicators were derived, selected and evaluated for providing a managerial dash-board to monitor software development. The paper provides insights about the issues related to Big Data processing inefficiencies. Context of sustainable development is being taken into account.