“New Trends in Finance and Accounting” edited by David Procházka, is a comprehensive collection of papers present at the 16th Annual Conference on Finance and Accounting, held in 2016 in Prague, Czech Republic. The book brings together various authors from academia, industry, and regulatory bodies to explore the latest trends and innovations in finance and accounting. The book is divide into four parts, and this review will examine each part separately.
Part I: Financial Markets and Institutions
The first part of the book examines the latest trends in financial markets and institutions. The papers in this section cover various topics, including the role of institutional investors in emerging markets, the impact of macroeconomic news on asset prices, and the implications of financial market globalization for small and medium-sized enterprises. The authors provide insightful analyses of these issues, and their findings have important implications for policymakers, investors, and financial institutions.
Part II: Corporate Finance and Governance
The second part of the book focuses on corporate finance and governance. The papers in this section examine a range of issues, such as the determinants of capital structure, the impact of corporate governance on firm performance, and the role of internal control systems in preventing corporate fraud. The authors provide empirical evidence and theoretical models to explain these phenomena, and their findings are relevant to corporate managers, investors, and regulators.
Part III: Accounting and Auditing
The third part of the book delves into accounting and auditing issues. The papers in this section cover topics such as the impact of IFRS adoption on earnings management, the role of auditors in detecting financial fraud, and the determinants of voluntary disclosure in annual reports. The authors provide rigorous analyses and practical implications for accounting professionals, policymakers, and investors.
Part IV: Taxation and Public Finance
The final part of the book explores taxation and public finance issues. The papers in this section cover a range of topics, including the impact of tax incentives on firm behavior. The determinants of tax compliance, and the implications of public debt for economic growth. The authors provide empirical evidence and theoretical models to explain these issues. Their findings have significant implications for policymakers, tax professionals, and academics.
Overall, “New Trends in Finance and Accounting” is an excellent compilation of research papers. That cover various aspects of finance and accounting. The book provides a comprehensive overview of the latest trends and innovations in these fields. The authors present their findings in a rigorous and accessible manner. The papers in the book are well-research, and the authors provide practical implications for academics, policymakers, and practitioners. The book is a valuable resource for researchers, students, and professionals interested in finance and accounting.
However, the book has a limitation in that it does not cover emerging trends in fintech, blockchain, and cryptocurrency. These are critical areas that are transforming finance and accounting, and their exclusion from the book is a missed opportunity. Additionally, the book focuses mainly on European countries. It would have been beneficial to include papers from other regions to provide a more global perspective.
In conclusion, “New Trends in Finance and Accounting” edited by David Procházka. It is a valuable contribution to the literature on finance and accounting. The book provides readers with insights into the latest trends. Innovations in these fields and presents practical implications for academics, policymakers, and practitioners. While the book has its limitations, it is still an essential read for anyone interest in finance and accounting.