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  <title>EconStor Collection:</title>
  <link rel="alternate" href="https://hdl.handle.net/10419/66728" />
  <subtitle />
  <id>https://hdl.handle.net/10419/66728</id>
  <updated>2026-04-28T14:09:23Z</updated>
  <dc:date>2026-04-28T14:09:23Z</dc:date>
  <entry>
    <title>Empirical evidence on the roles of financial technology products on the shadow economy: A comparative analysis between advanced, emerging and developing countries</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/339742" />
    <author>
      <name>Yildiz, Münevvere</name>
    </author>
    <author>
      <name>İlarslan, Kenan</name>
    </author>
    <id>https://hdl.handle.net/10419/339742</id>
    <updated>2026-04-11T07:47:00Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: Empirical evidence on the roles of financial technology products on the shadow economy: A comparative analysis between advanced, emerging and developing countries
Authors: Yildiz, Münevvere; İlarslan, Kenan
Abstract: The shadow economy, which can be defined as undeclared economic activities carried out in secret from public authorities,, and that cause negativities such as tax losses outside of official economic activities, has become a part of the economic activities of both developed and devel-oping countries. The shadow economy literature bears witness to very different findings within the framework of national income levels, and this encourages researchers to address the issue from different perspectives with further studies. This study examines the effects of financial technology products, inflation, and the rule of law on the shadow economy in advanced, emerg-ing and developing countries by using the method of the moment-quantile regression model and different robustness control methods. The most interesting finding from the study is that the effect of financial technology products on the shadow economy is asymmetric in both country groups. Accordingly, while automated teller machine use reduces the shadow economy in ad-vanced countries, it increases it in emerging and developing countries. However, inflation has an increasing effect on the shadow economy in both groups, while the rule of law has a decreasing effect. It can be said that these empirical results provide policy implications that will help deci-sion-makers develop strategies in the fight against the shadow economy.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Impact of fiscal sustainability on economic growth in Kenya</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/339738" />
    <author>
      <name>Mose, Naftaly</name>
    </author>
    <author>
      <name>Moro, Kamal Deen</name>
    </author>
    <id>https://hdl.handle.net/10419/339738</id>
    <updated>2026-04-11T07:47:34Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: Impact of fiscal sustainability on economic growth in Kenya
Authors: Mose, Naftaly; Moro, Kamal Deen
Abstract: Fiscal sustainability refers to a government's capacity to generate sufficient revenue to cover its expenses and repay its debts without accumulating excessive liabilities or creating new money. Recent observations indicate that Kenya's economic growth has slowed, prompting concerns about its fiscal sustainability. This study investigates the long-term relationship between Kenya's economic growth and certain budgetary sustainability indicators, specifically the public primary budget balance and external debt. Two control variables -trade balance and inflation -were also considered, with data sourced from the IMF and World Bank. Utilizing time series annual data spanning from 1990 to 2023, the study employed the autoregressive distributed lag (ARDL) bounds test and error correction model to analyze the data through three stages: unit root testing, F-bounds cointegration testing, and estimating the ARDL error correction model. The findings reveal a long-term relationship between fiscal sustainability indicators and economic growth in Kenya. Notably, the primary budget balance, which serves as a proxy for fiscal sustain-ability,aswellasinflationandtradebalance,werefoundtonegativelyandsignificantlyimpacteconomic growth in the country. Conversely, external debt, another proxy for fiscal sustainabil-ity, exhibited a positive effect on economic growth over the long term. To foster sustained eco-nomic growth in Kenya, government policymakers should prioritize controlling public spending, managing external debt levels, and enhancing revenue generation efforts.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>From accruals to real activities: Understanding the trade-off in earnings management choices amid XBRL adoption in Italy</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/339743" />
    <author>
      <name>Szívós, László</name>
    </author>
    <author>
      <name>Poszavecz, Tamás</name>
    </author>
    <id>https://hdl.handle.net/10419/339743</id>
    <updated>2026-04-11T07:47:13Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: From accruals to real activities: Understanding the trade-off in earnings management choices amid XBRL adoption in Italy
Authors: Szívós, László; Poszavecz, Tamás
Abstract: This study examines the factors influencing managerial decisions between accrual-based earnings management (AEM) and real earnings management (REM) following the mandatory adoption of eXtensible Business Reporting Language (XBRL) among firms listed on the Italian stock exchange. By analyzing the shift between AEM and REM, the research provides insights into how enhanced financial reporting transparency affects managerial decision-making. The study employs an empirical analysis of Italian firms to assess the relationship between XBRL adoption and earnings management practices. The research investigates the extent to which firms adjust their earnings management strategies in response to increased transparency, with a specific focus on the trade-off between AEM and REM. The results indicate that mandatory XBRL adoption is associated with a decline in accrual-based earnings management (AEM) and a corresponding increase in real earnings management (REM) among Italian firms. The findings suggest that increased financial reporting transparency prompts firms to rely more on REM while simultaneously reducing their use of AEM. Additionally, the intensity of the trade-off between AEM and REM is found to be positively moderated by firms classified as SUSPECT, which are those reporting only small positive profits or slight increases in profitability. These firms would likely have experienced losses or declining profitability without the use of earnings management tools, with a stronger tendency to rely on AEM over REM. However, this moderating effect was not observed among loss-making (LOSS) firms. This study makes two key contributions. First, it is among the first to examine the impact of XBRL implementation on earnings management practices within a European context, specifically in Italy. Second, it provides novel insights into the factors influencing the trade-off between AEM and REM, addressing an important gap. The findings highlight the unintended consequences of financial reporting standardization, demonstrating that increased transparency may shift earnings management strategies rather than eliminate them. Regulators and policymakers should consider these effects when designing financial disclosure regulations to mitigate potential opportunistic behavior by firms.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>The Polish consumer and BNPL. Profile and motivation</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/339739" />
    <author>
      <name>Waliszewski, Krzysztof</name>
    </author>
    <author>
      <name>Niedziółka, Pawel</name>
    </author>
    <id>https://hdl.handle.net/10419/339739</id>
    <updated>2026-04-11T07:47:09Z</updated>
    <published>2026-01-01T00:00:00Z</published>
    <summary type="text">Title: The Polish consumer and BNPL. Profile and motivation
Authors: Waliszewski, Krzysztof; Niedziółka, Pawel
Abstract: BNPL can lead to an expansion of consumption, but also to household over-indebtedness. The aim of the article is to define the profile of the BNPL user in Poland based on responses to a survey conducted using the CAWI technique among BNPL clients in Poland in August 2024. The relations are identified by use of Pearson χ2 tests while Cramer's V coefficient provides for the measuring of dependencies between respective demographic, economic and behavioural features and reasons for BNPL usage. The results indicate that BNPL in Poland is mainly used by young women. BNPLs are chosen by consumers with a secondary or higher education and most often not because they lack the financial means to make purchases, but for the opportunity to try the product without paying for it and to better manage the household budget. During the interest-free period, people with relatively better education and less debt at banks and non-bank loan companies settle their obligations.</summary>
    <dc:date>2026-01-01T00:00:00Z</dc:date>
  </entry>
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