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The COVID-19 pandemic has severely affected the tourism sector and the survival of hospitality firms. This study examines how hospitality firms' financial characteristics prior to the outbreak of the pandemic determined their financial resilience. We analysed a sample of large European firms operating in the hospitality industry from 2016 to 2020. Using ordinary least squares, we find significant impacts of both COVID-19 incidence (negative) and the strength of the health system (positive) on firms' financial health. Our results show that firms' recent pre-COVID-19 profitability, leverage, tangibility, and liquidity histories are key drivers of their financial health in the presence of this exogenous and extremely negative shock. Furthermore, a contextual macroeconomic factor, the interest rate, introduced as a proxy for external financial restrictions, plays a key role in the effects of liquidity and debt on firms' financial health. With higher interest rates, firms accumulated liquidity during the years prior to the pandemic, making them more resilient to the shock; in contrast, with lower interest rates, a history of limited leverage and tangibility contributed to making hospitality firms more resilient in 2020. [ABSTRACT FROM AUTHOR]

Economic abuse is a common component of intimate partner violence (IPV). This study explored whether IPV victim and perpetrator financial health at relationship outset are associated with two types of economic abuse—restriction and exploitation—during the relationship. With a sample of 315 women seeking services for male-perpetrated IPV, the study showed increased use of economic restriction when perpetrators were advantaged in terms of assets or disadvantaged in terms of debt. There was increased use of economic exploitation when victims were advantaged in terms of assets or credit and when perpetrators were disadvantaged in terms of assets, debt, or credit. Implications for research and intervention are discussed. [ABSTRACT FROM AUTHOR]

This paper explores the typologies of risks in the banking sector and examines the strategies employed to mitigate them, with a focus on Azerbaijani banks. The study identifies key risk categories, including credit risk, market risk, liquidity risk, and operational risk, each of which plays a critical role in the financial health and profitability of banks. The research highlights that credit risk, driven by loan defaults, remains the most significant concern for Azerbaijani banks, while market risks, particularly from currency fluctuations, also pose major challenges. Effective risk mitigation strategies, including collateralization and diversified lending practices, are essential to maintaining stability in this emerging market. Additionally, the study emphasizes the importance of integrating modern risk management technologies and adhering to international regulatory standards. Azerbaijani banks that adopt advanced monitoring systems and proactive risk management frameworks demonstrate improved financial performance and resilience in the face of economic volatility. The findings underscore that well-implemented risk management practices are crucial for enhancing profitability and ensuring long-term sustainability in the banking sector. [ABSTRACT FROM AUTHOR]

Economic enterprises, which are likened to humans in terms of their life situation, are born at one time and die in different ways after going through different stages of life. But what is meaningful about the life of economic enterprises is their health and flexibility. The formation of new businesses is an important driver in economic activities and is the main driver of economic development in a country. Therefore, the purpose of this research is to investigate the role of decision-making styles (intuitive, dependent, rational, immediate, and avoidant) on the health of companies (financial health and financial flexibility) in Iran's capital market. In terms of purpose, the present research is applied, and in terms of data collection methods, descriptive-analytical survey based on structural modeling approach. The statistical population of the research is top and middle managers of listed companies and a standard questionnaire was used to collect data. In this research, the causal relationships between decision-making styles and financial health of companies were predicted. The results showed that rational and avoidant decision-making styles affect the health of companies. In other words, rational and avoidant decision-making by company managers increases the financial health and financial flexibility of companies. [ABSTRACT FROM AUTHOR]

Information about the company's financial health is very important for various parties, one of which is for investors who are interested in the company's shares listed on the Indonesia Stock Exchange. Over the past six years, the property sub-sector has also experienced the impact of the pandemic which has caused a slowdown in growth. This research is to find out the condition of property companies in the period from 2018 to 2023 by taking the object of observation of PT. Summarecon Agung, Tbk and PT. Agung Podomoro Land, Tbk. The assessment of financial health uses the Altman Z Score Method, which is a modified model: Z = 6.56X1 + 3.26X2 + 6.72X3 + 1.05X4 From the results of calculation and analysis, PT. Sumarecon Agung, Tbk . has a more stable financial health condition with a narrower Z score range than PT. Agung Podomoro Land, Tbk. Comparison of property companies based on 6 observation periods shows that PT. Summarecon Agung, Tbk has a relatively stable financial health and activity condition even though it is in the alert zone. PT. Agung Podomoro Land, Tbk for several periods (2018 to 2021 experienced pressure in financial health but in 2022 and 2023 has improved so that financial health conditions are in the good zone. [ABSTRACT FROM AUTHOR]

This article aims to evaluate the financial health of companies operating in the automotive industry in the Slovak Republic and to predict impending bankruptcy using a selected mathematical-statistical method. The research sample consisted of 351 companies from the automotive industry. The basis for the creation of the prediction model is the financial indicators from the previous accounting period. The most significant indicators were selected using LASSO regression. The mathematical-statistical logit method was used to create the model. The success rate of the resulting logit model is assumed to be 78% in predicting the possible bankruptcy of companies in the automotive industry. [ABSTRACT FROM AUTHOR]

Drawing from the social determinants of health, we model the health and wealth (H&W) desert framework in Baltimore, Maryland. Using geographic information system (GIS) data, we examine medically underserved areas, limited supermarket access, health insurance coverage, employment rate, distance to commercial banks and credit unions, and homeownership. While the framework has merits, we challenge the notion of required indicators for a H&W desert to exist. We found that non-deserts can have indicators of a H&W desert and other factors enable them to overcome this barrier. This framework can be useful for FCS professionals to work to solve today's most challenging social ills while also introducing the merits of utilizing GIS data to dissect disparities and inform solutions. [ABSTRACT FROM AUTHOR]

This study delves deeply into the multifaceted nature of investor value creation, focusing on financial health, growth, profitability, cash flow, and ESG (environmental, social, and governance) risk ratings. The research employs partial least squares structural equation modeling (PLS-SEM) to dissect the interactions among these variables in a sample of 482 S&P 500 firms. Data were obtained from the FINRA database (2023) and Sustainalytics ESG risk ratings (2023). The results indicate that solid financial health enhances investor value creation. While growth fosters profitability, its direct impact on value creation and cash flow appears limited. The study also uncovers that ESG risk ratings negatively moderate the relationship between cash flow and value creation. This finding suggests that higher ESG risks lead to increased operational and compliance costs, which can reduce working capital and operating cash flow. Additionally, although sustainability investments may initially incur higher costs, they generate long-term value in terms of investment cash flow. A high perception of ESG risk can also raise financing costs, negatively impacting financial cash flow. These findings offer significant contributions to both academic theory and practical applications, shedding light on the complex interplay between financial and sustainability indicators in driving value creation for investors. [ABSTRACT FROM AUTHOR]

We investigate the effect of affiliation with a large business group on a firm's trade credit policy while controlling for the effects of its financial health and bargaining power in the Korean setting. Group affiliation may influence trade credit finance through the internal capital market mechanism and/or the extra bargaining power mechanism. In our empirical analyses, we focus on identifying the more dominant mechanism for determining trade credit demand (TCD) and supply (TCS). First, we provide a set of empirical findings showing that a firm's affiliation with a large business group increases the firm's TCD but decreases its TCS. These findings support the extra bargaining power mechanism argument. Second, we provide another set of empirical findings that group‐wise financial distress has weak positive impacts on a group affiliate's TCD and TCS. These findings support the internal capital market mechanism argument. Overall, we provide evidence that large business groups in Korea function uniquely in that the extra bargaining power mechanism greatly dominates the internal capital market mechanism when determining a group affiliate's trade credit transactions. We also provide evidence of the internal capital market mechanism functioning when an entire business group faces severe financial difficulties. [ABSTRACT FROM AUTHOR]

This paper aims to examine the impact of financial stress on financial well-being with the mediation of financial health. This article also aims to see the influence of each variable, especially the importance of financial health. This study uses the Structural Equation Modeling (SEM) data analysis (SEM-PLS) method. The data sample is 200 young adults aged 25-30 years who live in Blitar City and Regency. The main findings of this research show that (i) there is a significant negative effect of financial stress on financial well-being, (ii) financial health has a positive impact on financial well-being, and finally, (iii) financial health mediates between financial stress and financial well-being. Then, financial health not only has a direct impact on financial well-being but also partially mediates financial stress. The theoretical implications of this study are in line with Joo's (2008) Personal Wellness Diagram concept, Subjective Well-being Theory, and financial well-being research. Young adults are expected to be able to manage their financial stress in everyday life. This aims to improve the individual's financial health, which will automatically improve the individual's financial well-being. It is hoped that future research can add new variables to influence financial well-being. [ABSTRACT FROM AUTHOR]

The study aims to demonstrate gender differences in financial health indicators, assessed through perceptions, lived experiences, and actions to deal with financial crises. The scale used is a composite instrument that includes the eight financial health indicators from BBVA and the Center for Financial Services Innovation (CFSI), together with a scale designed to measure lived experiences and actions to manage financial crises. The sample consisted of 951 participants, 394 (41.4%) men, 504 (53.0%) women, and 53 (5.6%) LGBTQ+. Bayesian analysis indicates that perceptions, lived experiences, and actions in managing economic crises do not differ significantly between genders. The study suggests no significant differences in financial resilience between men, women, and LGBTQ+ people. Actions to cope with economic crises also indicate that resilience does not vary significantly by gender. Despite the absence of gender differences in financial perceptions and experiences, it is inferred that participants possess an acceptable level of financial knowledge, which helps them manage unforeseen expenses and reduce dependence on loans. Financial education is a key factor in strengthening resilience and promoting financial inclusion, which is essential, especially in diverse socioeconomic contexts. The findings suggest that financial inclusion may improve household resilience, particularly in rural areas.

This research utilizes a fixed effect model to examine how uncertainty avoidance, as a cultural value of a nation, and the financial health of the firms impact earnings management practices in nine Asia-Pacific countries. This study reveals that companies operating in countries with higher uncertainty avoidance and those with better financial performance are less likely to manage earnings figures. Additionally, the study highlights that firms that are more prone to financial failure tend to exhibit a greater degree of earnings management. Our findings assist stakeholders in identifying a firm’s specific characteristic of financial performance as early warning signals for managing earnings figures and understanding the influence of national culture on international differences in financial reporting. This study contributes to the existing literature on agency theory and earnings management by highlighting the significance of national culture and a firm’s financial performance in explaining corporate managers’ discretionary practices in Asia Pacific countries. By examining the Asia Pacific region, which encompasses diverse cultures, this study provides a comprehensive understanding of how cultural factors shape agency relationships and influence earnings management practices. Furthermore, considering the financial performance of firms in the Asia Pacific provides insights into how managers use earnings management techniques to achieve financial goals, manipulate performance indicators, or align their interests with those of shareholders.

An economic evaluation of the sector at the enterprise level is important for planning policy interventions and regulatory interventions. In this article, we want to contribute to clarifying the factors causing the poor economic situation of freshwater aquaculture enterprises in the Czech Republic from 2015 to 2020. The work used annual data from standard financial statements that companies must publish. The procedures used in the assessment of the financial health of the agricultural sector were used. The relative representation of enterprises in individual categories shows the same trend for all the models used, namely a general shift towards worse financial health over time. According to all the models used, 15% of aquaculture enterprises were classified as endangered. Enterprises at risk can be characterized as micro-enterprises that are often in loss for several years and have low liquidity and high indebtedness. As a result of the increase in input prices, with the permanent stagnation of production prices, the cost increases even in prosperous enterprises. Low liquidity and the impossibility of obtaining a loan from banking institutions mean the impossibility of drawing investment subsidies and introducing innovations at these enterprises. Their further development, increase in performance and efficiency are thus difficult to implement. [ABSTRACT FROM AUTHOR]

The prediction of bankruptcy risk poses a formidable challenge in the fields of economics and finance, particularly within the healthcare industry, where it carries significant economic implications. The burgeoning field of healthcare electronic commerce, continuously evolving through technological advancements and changing regulations, introduces additional layers of complexity. We collected financial data from 1265 U.S. healthcare industries to predict bankruptcy based on 40 financial ratios using multi-class classification machine learning models across various industry subsectors and market capitalizations. The exceptionally high post-tuning accuracy rates, exceeding 90%, along with high-performance metrics solidified the robustness and exceptional predictive capability of the gradient boosting model in bankruptcy prediction. The results also demonstrate the power and sensitivity of financial ratios in predicting bankruptcy based on financial ratios. The Altman models highlight the return on investment (ROI) as the most important parameter for predicting bankruptcy risk in healthcare industries. The Ohlson model identifies return on assets (ROA) as an important ratio specifically for predicting bankruptcy risk within industry subsectors. Furthermore, it underscores the significance of both ROA and the enterprise value to earnings before interest and taxes (EV/EBIT) ratios as important parameters for predicting bankruptcy based on market capitalization. Recognizing these ratios enables proactive decision making that enhances resilience. Our findings contribute to informed risk management strategies, allowing for better management of healthcare industries in crises like those experienced in 2022 and even on a global scale. [ABSTRACT FROM AUTHOR]

Purpose: The research aimed to analyze the relationship between the financial health of the company and the market value added assuming a significant correlation between the two variables. Methodology: Financial health was measured based on the Z-Score model while the market value added (MVA) was measured based on the capital invested in the company and the market value of the company. The sample of the study consisted of (8) industrial companies listed on the Amman Stock Exchange for the period (2013-2021). The principal data utilized in the analysis came from the balance sheets and profit and loss reports that were available on the official websites of the research sample companies. Findings: It was revealed through the analysis of the two variables that the company (APOT) shows higher financial health and market value added than the rest of the companies, followed by a number of companies in the research sample that had good financial health and market value added. Results of the analysis of the relationship between the two variables showed a significant positive relationship between the financial health of the company and the market value added, meaning that the better the financial health of the company, the more its market value increases and thus wealth is added to the owners. Unique Contribution to Theory, Practice and Policy: The results of this work can be used to improve the financial performance of companies, which calls for regular evaluation of the financial situation, identification of strengths and weaknesses in one's financial position, and an effort to mitigate risks and correct any shortcomings prior to their representation in the financial statements, The firm must also follow a strong financial strategy to achieve success and sustainability in the financial market. [ABSTRACT FROM AUTHOR]

As health care transitions to value-based payment reforms, registered nurses with appropriate knowledge can reframe the value and financial contributions of their work. This project assessed nurses' knowledge and understanding of value-based payment, the care transitions domain of the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) survey, and value-informed nursing practice. This exploratory mixed methods study used a multiphase educational intervention with quantitative and qualitative data analysis. Measurements before and after the intervention revealed statistically significant (p < 0.001) changes in nurses' knowledge of HCAHPS, value-based payment, and value-informed practice. Nurses' self-reports supported changes in knowledge. Knowledge of value-based payment models enables nurses to develop value-informed practices and articulate their contributions to patient outcomes and the financial health of their organization. [ABSTRACT FROM AUTHOR]

Due to the present worldwide economic development, there is an increasing need to follow the financial health of companies in individual sectors to avoid possible decline and bankruptcy. The goal of this contribution is to find out the influence of the pandemic on the economic situation in the mining industry as the primary sector, in connection with the construction industry as the secondary sector. The research is carried out through economic and financial indicators, which mostly influence the potential crisis of companies. The results show that the mining industry and construction sectors managed to avoid the heavy decline and bankruptcy of certain organizations in the industries. Such results can be used for forecasting and modeling the socio-economic development of regions and countries. The growth of the analyzed industries could contribute to the sustainable development in the country. [ABSTRACT FROM AUTHOR]

The auditor's going concern opinion (GCO) is an opinion given by an auditor about a firm's financial health. This opinion serves as an early warning system for the financial distress of client's firm. The current research aimed to study the impact of the auditor's going concern opinion (GCO) on stock prices in the Egyptian business environment. On a sample of 132 firms listed on the Egyptian Stock Exchange for the period 2016-2022 with a total of 759 firm-year-observations. In addition to the possible effect of two moderating variables associated with the main independent variables. Which is the expectation of GCO and perceived audit quality (AQ). We added the independent and moderating variables to the modified Ohlsen regression model to test for the value relevance of the GCO, and the effects of the moderating variables on the mentioned above relation. We found no evidence of a significant impact of the auditor's GCO on the stock prices of companies listed on the Egyptian Stock Exchange, regardless of whether this opinion is expected or not. On the other hand, for the effect of perceived audit quality, we found a significant negative effect of GCO on stock prices for companies being audited by big 4 audit firms, which could be interpreted because of the reputation effect for such firms. [ABSTRACT FROM AUTHOR]

Based on new empirical insights gained in a multi-country project with a particular focus on Jordan as a hotspot of international development in the context of forced displacement, the paper in hand stages the relevance of the concept of financial health vis-à-vis financial inclusion to better support the financial lives of refugees. Financial inclusion of refugees – allowing them to store, borrow, and transfer money, insure against shocks, and pay bills through the formal financial infrastructure of host countries – has become a well-established practice in endeavours of economic integration in protracted displacement. Such access is expected to enable refugees to rebuild their livelihoods and become self-reliant. In other contexts, however, there is increasing acknowledgement that financial services are only a means to an end and not the end itself, resulting in a push for a shift in focus to a more holistic approach. Applying this understanding to the context of forced displacement, our research demonstrates that financial services are only one, and often not the most important, input to improve the self-reliance of refugees. In the absence of supportive conditions, such as access to jobs, identity and long-term certainty, financial inclusion investments can only improve refugees' financial lives at the margins. [ABSTRACT FROM AUTHOR]

Introduction: Financial health is related to the overall health of an individual and their family. The objective of this study was to evaluate the scientific production on financial health in the Scopus database for the 2011-2022 period. Method: Scoping review of manuscripts published in journals indexed in the Scopus database between the years 2011 and 2022. The following search terms were used: "Financial obligations", "financial inclusion", "family economy", "financial education", "financial literacy", "financial wellness" and "financial stress", which were entered in the Scopus search engine together with the Boolean operators (AND, OR). Results: A total of 6 940 publications were identified, of which 81.95% were original articles. The United States was the country with the highest scientific production (35.5%). We identified a trend of increasing number of papers during the study period, especially from 2016 onward, with an 860% increase in 2022 (n=1429) with respect to 2011 (n=165). The journals with the highest number of publications were Sustainability (Switzerland) and the Journal of Financial Counseling and Planning (USA). Finally, the key search terms with the greatest yield were "financial inclusion" through the use of technology, "financial stress", "financial education" and "financial health." Conclusions: Research on financia! health has increased significantly. The new knowledge on the subject is mostly driven by authors and institutions from the United States, and finally, there is evidence of an increasing trend of pulbications related to financial inclusion and financial education. [ABSTRACT FROM AUTHOR]

Depression's relations to psychosocial processes are complex, bidirectional, and include financial functioning. The current study compared the extent to which household income, financial literacy (knowledge and skill), and financial health (saving, spending, borrowing, and planning behavior) were risk factors and outcomes of depression. A United States national sample of working-aged adults (N = 6565) completed self-report measures of financial functioning and depression in years 2020 and 2022. Depression scales assessed both negative (depressive symptoms) and positive (life satisfaction) affective dimensions. Lower income, less financial literacy, and especially poorer financial health correlated significantly with more depressive symptoms and lower life satisfaction. Poorer financial health demonstrated the strongest prospective relations with increasing depressive symptoms and decreasing life satisfaction over the two-year retest interval. In parallel, higher depressive symptoms and lower life satisfaction each predicted subsequent decreases in financial health. Results from this longitudinal, observational study suggested but could not establish causal connections between depression and financial functioning. The study's novel results require replication before clinical application. More so than low income or limited financial literacy, poor financial health is both a risk factor and potential outcome of depression, including more depressive symptoms and lower life satisfaction. If these findings are replicated, financial health may be an important research and clinical target for depression assessment, prevention, and treatment. • This study compared three financial functioning dimensions' relations to depression. • Less household income and lower financial literacy correlated with depression. • Low financial health was the strongest prospective risk and outcome of depression. • Adults with low financial health spent, saved, borrowed, and planned maladaptively. • Financial health may be an important depression assessment and intervention target. [ABSTRACT FROM AUTHOR]

The study aims to demonstrate gender differences in financial health indicators, assessed through perceptions, lived experiences, and actions to deal with financial crises. The scale used is a composite instrument that includes the eight financial health indicators from BBVA and the Center for Financial Services Innovation (CFSI), together with a scale designed to measure lived experiences and actions to manage financial crises. The sample consisted of 951 participants, 394 (41.4%) men, 504 (53.0%) women, and 53 (5.6%) LGBTQ+. Bayesian analysis indicates that perceptions, lived experiences, and actions in managing economic crises do not differ significantly between genders. The study suggests no significant differences in financial resilience between men, women, and LGBTQ+ people. Actions to cope with economic crises also indicate that resilience does not vary significantly by gender. Despite the absence of gender differences in financial perceptions and experiences, it is inferred that participants possess an acceptable level of financial knowledge, which helps them manage unforeseen expenses and reduce dependence on loans. Financial education is a key factor in strengthening resilience and promoting financial inclusion, which is essential, especially in diverse socioeconomic contexts. The findings suggest that financial inclusion may improve household resilience, particularly in rural areas. Impact statement: This study sought to explore gender differences in financial health indicators, assessed through perceptions, lived experiences, and actions to deal with financial crises. Though the study found no significant differences in financial resilience between men, women, and LGBTQ+ people, it can be inferred that participants possess an acceptable level of financial knowledge, which helps them manage unforeseen expenses and reduce dependence on loans. This underscores the importance of financial education, especially in regions with frequent economic challenges. [ABSTRACT FROM AUTHOR]

Aims, indebtedness, quality of assets and capital adequacy), and indicators of the dependent variable represented by the rate of return on the share. The research was applied in the Iraqi banking sector on a sample consisting of (12) banks for the period from (2011-2020), and a set of methods and programs were used, including the ((EXCEL) program for financial analysis And the ((Panel data) program to test the effect relationship, and after analyzing the research data and testing its hypotheses, a set of results were reached, most notably (the presence of a statistically significant effect of financial health with its indicators on the rate of return per share for private banks listed in the Iraq Stock Exchange), as the results show Financial analysis The validity of the main hypothesis that the research sample banks enjoy sufficient financial health to achieve an acceptable rate of return on the share, and based on the results reached by the research presented a number of recommendations, the most prominent of which was providing adequate liquidity rates by converting assets into cash and issuing bonds and loans and this It increases confidence in banks when it comes to depositors' withdrawals, and these banks also carry out investment operations. They must first verify these investments, are they profitable? H and get accustomed to these banks with profits, to address the risks that these banks may be exposed to and because of the importance of this in enhancing the financial health of banks and its positive impact on the rate of return on the share. [ABSTRACT FROM AUTHOR]

The study presents a comprehensive approach to examining the potential risk of bankruptcies in financial sector organizations. This investigation explores 20 financial sector entities and evaluates their fiscal history from 2000 to 2018. The developed model assesses the chance of these companies going bankrupt by analyzing indicators like liquidity, profitability, debt composition, and operational effectiveness. These metrics are contrasted to regulatory requirements and assessed as having low, moderate, or elevated risk repercussions, ultimately contributing to an overall threat rating. Additionally, the model has a unique algorithm that compensates for excessive debt levels, strengthening the reliability of the risk appraisal grade. This straightforward instrument illustrates the demand to incorporate a variety of financial health indicators. According to the findings, excessive amounts of debt have a detrimental influence on profitability, leading to decreased stock returns and a greater probability of bankruptcy. These findings have practical implications for investors and stakeholders, providing insightful information to help inform decision-making, especially during periods of economic unpredictability such as pandemics. Furthermore, they encourage the enhancement of financial market efficiency. [ABSTRACT FROM AUTHOR]

Insurance companies are in a special position because of their ability to assess and mitigate the risks faced by their customers. They are susceptible to a series of uncertainties, given their role in protecting individuals, professionals, and businesses. By providing comprehensive coverage and assistance in the event of unforeseen events such as natural disasters, accidents, or loss of life, insurance companies play a vital role in providing financial assistance and mitigating the adverse effects of such events. Insurance companies play a vital role in the economy by providing financial assistance and mitigating the negative effects of unforeseen events. Financial performance indicators, such as financial ratio analysis to measure the health of the insurance company, are essential tools for assessing the financial stability and growth potential of insurance companies. This study found that SAA, the leader of the Algerian insurance market, had good financial performance from 2019 to 2021. Evaluating the financial performance of an insurance company was the objective of this research, with a particular focus on the case of SAAs from 2019 to 2021 by performing an analysis using the ratio method. The case of this study focused on the preparation of financial statements and the presentation of financial performance indicators of SAA, which is the leader of the Algerian insurance market. The results reveal that SAA demonstrated good financial performance over the three-year study period.SAA's financial analysis indicates that the company's financial structure is solid. This research contributes to the field of financial analysis, highlighting the advantages of using financial ratios to assess the financial performance of insurance companies.

The intention of this paper is to verify the impact of transformation on financial health of the transforming business corporations. Transformation of business corporation can help with increase effectivity of the production, to increase financial performance of the companies, to reduce costs, to realize risk diversification or organization structure simplification. This paper is focused on transformation called spin-off by merger project. Financial health of the companies is possible to verify with usage of Financial Analysis and Summary Indexes. For verification in this paper were selected two bankruptcy indexes Altman´s index Z-score and IN05. In the paper is presented financial health verification of transformed companies carried out on transformed companies immediately after transformation and over the next few years.

This study examines the hierarchical relationships and inter dependencies of financial factors impacting companies’ health, using Total Interpretive Structural Modelling and Matrice d’Impacts Croisés Multiplication Appliquée à un Classement analyses. It identifies key financial factors and their influences. Findings reveal credit risk as a pivotal factor with substantial impact on other parameters. Solvency, capital adequacy, and Tier 1 capital ratios are also key determinants of financial health. The study further categorizes factors into independent, linkage, autonomous, and dependent categories. This research offers valuable insights for managers, policymakers, and investors aiding decision-making.

Household finances are being threatened by unprecedented social and economic upheavals, including an aging society and slow economic growth. Numerous researchers and practitioners have provided guidelines for improving the financial status of households; however, the challenge of handling heterogeneous households remains nontrivial. In this study, we propose a new data-driven framework for the financial health of households to address the needs for diagnosing and improving financial health. This research extends the concept of healthcare to household finance. We develop a novel deep learning-based diagnostic model for estimating household financial health risk scores from real-world household balance sheet data. The proposed model can successfully manage the heterogeneity of households by extracting useful latent representations of household balance sheet data while incorporating the risk information of each variable. That is, we guide the model to generate higher latent values for households with risky balance sheets. We also show that the gradient of the model can be utilized for prescribing recommendations for improving household financial health. The robustness and validity of the new framework are demonstrated using empirical analyses. [ABSTRACT FROM AUTHOR]

Creating effective nudges, or interventions that encourage people to make choices that increase their welfare, is difficult to execute well. Recent work on megastudies, massive field experiments that test many interventions simultaneously, reveals that nudge effectiveness both varies widely and is difficult for experts to predict. We propose an Iterative Crowdsourcing Procedure, which uses insights from members of the target population to generate and preselect nudges prior to testing them in a field experiment. This technique can supplement existing methods or stand alone as a way to generate conditions for testing in a high-quality field experiment. We test the effectiveness of this method in addressing a challenge to effective financial management: consumer oversubscription. We first document that people have more subscriptions than they think they have and that enhancing subscription awareness makes people want to cancel some subscriptions. We then use our crowdsourcing procedure to motivate people toward subscription awareness in a field experiment (N = 4,412,113) with a large bank. We find that the crowdsourced nudges outperform those generated by the bank, demonstrating that the Iterative Crowdsourcing Procedure is a useful way to generate effective nudges. [ABSTRACT FROM AUTHOR]

Insurance companies are in a special position because of their ability to assess and mitigate the risks faced by their customers. They are susceptible to a series of uncertainties, given their role in protecting individuals, professionals, and businesses. By providing comprehensive coverage and assistance in the event of unforeseen events such as natural disasters, accidents, or loss of life, insurance companies play a vital role in providing financial assistance and mitigating the adverse effects of such events. Insurance companies play a vital role in the economy by providing financial assistance and mitigating the negative effects of unforeseen events. Financial performance indicators, such as financial ratio analysis to measure the health of the insurance company, are essential tools for assessing the financial stability and growth potential of insurance companies. This study found that SAA, the leader of the Algerian insurance market, had good financial performance from 2019 to 2021. Evaluating the financial performance of an insurance company was the objective of this research, with a particular focus on the case of SAAs from 2019 to 2021 by performing an analysis using the ratio method. The case of this study focused on the preparation of financial statements and the presentation of financial performance indicators of SAA, which is the leader of the Algerian insurance market. The results reveal that SAA demonstrated good financial performance over the three-year study period.SAA's financial analysis indicates that the company's financial structure is solid. This research contributes to the field of financial analysis, highlighting the advantages of using financial ratios to assess the financial performance of insurance companies. [ABSTRACT FROM AUTHOR]

The business environment is an integral part of all business activity. Every business operates in a certain atmosphere that is dynamic and has a constant impact on the business. Therefore, it is important to analyse and predict the development of the business environment.

Due to the present worldwide economic development, there is an increasing need to follow the financial health of companies in individual sectors to avoid possible decline and bankruptcy. The goal of this contribution is to find out the influence of the pandemic on the economic situation in the mining industry as the primary sector, in connection with the construction industry as the secondary sector. The research is carried out through economic and financial indicators, which mostly influence the potential crisis of companies. The results show that the mining industry and construction sectors managed to avoid the heavy decline and bankruptcy of certain organizations in the industries. Such results can be used for forecasting and modeling the socio-economic development of regions and countries. The growth of the analyzed industries could contribute to the sustainable development in the country.

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The purpose of the paper is to examine the financial health of selected public universities in Malaysia. The study assessed the performance of Malaysian research universities, on the primary reserve ratio, viability ratio, return on net asset ratio and net operating revenue ratio, as well as the Hirschman-Herfindahl Index for revenue diversification from 2010 to 2020. Results suggest poor financial health, high dependence on government funding and revenue volatility. Several universities recorded consecutive financial deficits in recent years. Third-stream revenues are low, and the universities are struggling to generate the 25% self-generated revenue target set by the government. This paper provides longitudinal empirical data on the financial health of public universities and has important implications for policymakers and university management in budget allocation and financial management decisions, particularly given the adverse financial impacts of the COVID-19 pandemic. [ABSTRACT FROM AUTHOR]

An individual might have a net worth of $10,000 and believe they are in great shape financially, while another individual might have $100,000 and feel otherwise. Could personality explain this disparity between perception and reality of their financial situation? This study answers this research question using data from the 2018 Health and Retirement Study (HRS). Findings from this study show that conscientious and extraverted consumers believe they are doing better than they are. Conversely, consumers who exhibit traits relating to neuroticism, openness to experience, and agreeableness think their financial situation is worse than it is. These findings have implications for consumers, professional advisors, and policymakers. [ABSTRACT FROM AUTHOR]

From the general perspective, municipalities are economic organisations like private companies with their legal subjectivity, own revenues, and property. To better understand their financial management, it is desirable to conduct relevant empirical research, which lacks in the case of the Czech municipal sector and Czech municipalities. This paper aims to analyse and identify the financial behaviour of Czech municipalities within the post-crisis period focusing on the influence of internal and external vulnerability factors. The panel data and linear regression model (fixed-effect model) were used to evaluate how an external crisis affected the financial management of municipalities. The behaviour of municipal financial management is reflected through financial health, financial dependency, or budget rigidity. The outcomes of the analysis are presented and put into perspective with relevant international research. [ABSTRACT FROM AUTHOR]

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Financial stress is the root cause of many adverse health outcomes among poor and low-income children and their families, yet few clinical interventions have been developed to improve health by directly addressing patient and family finances. Medical-Financial Partnerships (MFPs) are novel cross-sector collaborations in which health care systems and financial service organizations work collaboratively to improve health by reducing patient financial stress, primarily in low-income communities. Financial services provided by MFPs include individually tailored financial coaching, free tax preparation, budgeting, debt reduction, savings support, and job assistance, among others. MFPs have been shown to improve finances and, in the few existing studies available, health outcomes. We describe the rationale for MFPs and examine 8 established MFPs providing financial services under 1 of 3 models: full-scope on-site service partnerships; targeted on-site service partnerships; and partnerships facilitating referral to off-site financial services. The services MFPs provide complement clinical social risk screening and navigation programs by preventing or repairing common financial problems that would otherwise lead to poverty-related social needs, such as food and housing insecurity. We identify common themes, as well as unique strengths and solutions to a variety of implementation challenges MFPs commonly encounter. Given that the financial circumstances and health outcomes of socially marginalized patients and families are closely linked, MFPs represent a promising and feasible cross-sector service delivery approach and a new model for upstream health care to promote synergistic financial well-being and health improvement.

The aim of this article is to assess the financial health of selected enterprises in the agri-food sector. The study of the financial condition of enterprises, including the food industry is a complex issue. A thorough and comprehensive analysis requires the consideration of numerous aspects of a company’s operation. Therefore, a wide range of financial indicators is used, which enables the measurement of selected components of financial condition. The research used data for enterprises operating in the agri-food sector (from various branches). The selection of enterprises for the research was purposeful and was based on the ranking of enterprises published in the EMIS database. The financial statements published in the EMIS database for the year 2021 were used for the study. The TOPSIS method was used to assess the development of the enterprises, which made it possible to determine the financial condition of the studied enterprises. It was shown that the best financial condition was characterised by enterprises that based their activities on the production of margarine and similar edible fats, meat processing, excluding poultry meat, and the processing of milk and cheese products.