Chapters authored
Survey on Blockchain Based Accounting and Finance Algorithms Using Bibliometric Approach
The aim of this study is to evaluate the impact of blockchain especially on accounting and finance functions, the strategic role of CFOs, and to the restructuring process of accounting and finance functions in the future. In this respect, a business model is recommended that finance, accounting, and audit professionals can benefit from. It is aimed to contribute to the literature by providing blockchain adaptation and implementation strategy via providing information about accounting, finance, and auditing algorithm samples for revolutionizing these functions. To the best of our knowledge, this will be a pioneering work that makes a survey by examining blockchain algorithm samples in the field of accounting, auditing, and finance by using Bibliometric Network Analysis. In this analysis, six major clusters are estimated for defining the impacts of blockchain in the literature based on “Co-citation” aspects for the period 2005–2021 considering the SSCI indexed articles. In addition, the ranking of the top three contributing countries is found to be China, USA, and the UK respectively. This indicates the power of these countries to shape the future of accounting, finance, and auditing standards by means of producing blockchain algorithms and determining innovation policies of these professions in the future.
Part of the book: Accounting and Finance Innovations
Asymmetric TVP-VAR Connectedness Approach: The Case of South Africa
This chapter assesses connectedness of critical financial variables within the South African context. The key variables determining countries’ international financial risk levels are the prices of their main export goods in the international markets. From this perspective, there is a connection between the prices of financialised commodities and precious metals in international markets, the exchange rates of the countries supplying these goods to the world economy and their risk indicators. As a result, a spill-over effect of financial risk increases the stress between the price movements in international markets, especially in countries whose national economy is based on the precious metals in question, and the risk indicators in international markets. From this point of view, the connection firstly between the gold prices (and secondly between platinum prices), which have an impact on the world economy, and the credit default swaps (CDSs), which show the country’s risk level, and exchange rates of South Africa (RD) are examined. New econometric techniques are used for analysis based on the relevant literature. The empirical findings obtained from the study will be a source of information in the process of forming the economic policy of South Africa.
Part of the book: Financial Crises