Keywords and phrases: investment technologies, pre-trade compliance, portfolio investment.
Received: November 13, 2023; Accepted: December 28, 2023; Published January 13, 2024
How to cite this article: Meshal ALhusaynan and Majed Almashari, An effective rule-compliance simulation model in trading for efficient portfolio management, Advances and Applications in Statistics 91(2) (2024), 217-255. http://dx.doi.org/10.17654/0972361724014
This Open Access Article is Licensed under Creative Commons Attribution 4.0 International License
References: [1] D. Pertiwi, S. Ronni Basana and M. Grace Yasinta, Decisions for stock investment among university students, SHS Web Conf., Vol. 76, 2020, p. 01005. doi: 10.1051/shsconf/20207601005. [2] S. Paluch et al., Stage-gate and agile development in the digital age: promises, perils, and boundary conditions, J. Bus. Res. 110 (2020), 495-501. doi: 10.1016/j.jbusres.2019.01.063. [3] M. Cowling, R. Brown and A. Rocha, Did you save some cash for a rainy COVID-19 day? The crisis and SMEs, Int. Small Bus. J. Res. Entrep. 38(7) (2020), 593-604. doi: 10.1177/0266242620945102. [4] F. Wu, Land financialisation and the financing of urban development in China, Land Use Policy 112 (2022), 104412. doi: 10.1016/j.landusepol.2019.104412. [5] M. Rahman and S. S. Gan, Generation Y investment decision: an analysis using behavioural factors, Manag. Financ. 46(8) (2020), 1023-1041. doi: 10.1108/MF-10-2018-0534. [6] M. Pompian, Behavioral Finance and Wealth Management: How to Build Optimal Portfolios that Account for Investor Biases, Wiley, 2012. [7] Puspa Pathak, A comparative analysis of capital structure of commercial banks (with Reference to Himalayan Bank and Bank of Kathmandu Limited) By Central Department of Management Registration No: 7-2-0463-0061-2012 in Partial Fulfillment of the Requirements for the D, 2019. https://elibrary.tucl.edu.np/bitstream/123456789/1116/2/PuspaPathak.pdf. [8] Paul Langley, Finance/security/life, Finance and Society 3(2) (2017), 173-79. https://doi.org/10.2218/finsoc.v3i2.2576. [9] Laith Yousef Bani Hani, A study of financial planning and investment of individual, Int. J. Sci. Res. 9(11) (2020), 1268-1272. https://www.ijsr.net/archive/v9i11/SR201123123117.pdf. [10] Raghavendra Rao Rentala, A research study on financial planning and investment behavior of individual investors of Tirupathi town, Andhra Pradesh, International Journal of Creative Research Thoughts 6(1) (2018), 1266-1273. https://ijcrt.org/papers/IJCRT1802605.pdf. [11] Deloitte, Investment Compliance Monitoring, 2023. https://www2.deloitte.com/us/en/pages/advisory/articles/investment-compliance-monitoring.html. [12] E. Holsapple, T. Ozawa and J. Olienyk, Foreign ‘Direct’ and ‘Portfolio’ investment in real estate: an eclectic paradigm, Journal of Real Estate Portfolio Management 12(1) (2006), 37-47. [13] H. Markowitz, Portfolio selection, J. Finance 7(1) (1952), 77-91. [14] F. Black and R. Litterman, Global portfolio optimization, Financial Analysts Journal 48(5) (1992), 28-43. [15] A. Ling, J. Sun and M. Wang, Robust multi-period portfolio selection based on downside risk with asymmetrically distributed uncertainty set, European Journal of Operational Research 285(1) (2020), 81-95. [16] B. I. Lev and A. Srivastava, Explaining the demise of value investing, SSRN Electron. J. (2019), doi: 10.2139/ssrn.3442539. [17] S. Gu, B. T. Kelly and D. Xiu, Empirical asset pricing via machine learning, SSRN Electronic Journal (2018), 2223-2273. [18] P. Krueger, Z. Sautner and L. T. Starks, The importance of climate risks for institutional investors, A. Karolyi, ed., The Review of Financial Studies 33(3) (2020), 1067-1111. [19] D. Kahneman and A. Tversky, Prospect theory: an analysis of decision under risk, Econometrica 47(2) (1979), 263. [20] D. Aschwanden, J. E. Strickhouser, A. A. Sesker, J. H. Lee, M. Luchetti, Y. Stephan, A. R. Sutin and A. Terracciano, Psychological and behavioral responses to coronavirus disease 2019: the role of personality, European Journal of Personality 35(1) (2021), 51-66. [21] R. O. Michaud, D. N. Esch and R. O. Michaud, In defense of portfolio optimization: what if we can forecast?: a comment, Financial Analysts Journal 76(2) (2020), 104-105. [22] D. Busch, MiFID II and MiFIR: stricter rules for the EU financial markets, Law and Financial Markets Review 11(2-3) (2017), 126-142. [23] S. R. Park and J. Y. Jang, The impact of ESG management on investment decision: institutional investors’ perceptions of country-specific ESG criteria, International Journal of Financial Studies 9(3) (2021), 48. [24] A. Palm, Innovation systems for technology diffusion: an analytical framework and two case studies, Technological Forecasting and Social Change 182 (2022), 121821. [25] Å. Freij, Regulatory change impact on technology and associated mitigation capabilities, Technology Analysis and Strategic Management 34(12) (2022), 1418-1431. [26] S. S. D. Gnana, S. Kumar, A. Benazir and B. Lalita, Making ESG work: examining the changing ESG regulations in India, Research Trends in Commerce and Management 2(4) (2022), 208-217. [27] D.-F. Wang, Q.-L. Dong, Z.-M. Peng, S. Khan and A. Tarasov, The green logistics impact on international trade: evidence from developed and developing countries, Sustainability 10(7) (2018), 2235. [28] Deloitte, Investment Compliance Monitoring, 2023. https://www2.deloitte.com/us/en/pages/advisory/articles/investment-compliance-monitoring.html. [29] U. Kumar, D. Galar, A. Parida, C. Stenström and L. Berges, Maintenance performance metrics: a state-of-the-art review, J. Qual. Maint. Eng. 19(3) (2013), 233-277. doi: 10.1108/JQME-05-2013-0029. [30] Dirk-Jan Fokkens, A practical approach to maintenance performance measurement, 2015. [Online]. Available: https://essay.utwente.nl/66694/1/Fokkens_MA_MB.pdf. [31] T. C. W. Lin, Compliance, technology, and modern finance, Brooklyn J. Corp. Financ. Commer. Law 11(1) (2016), 160-182. [Online]. Available: https://brooklynworks.brooklaw.edu/cgi/viewcontent.cgi? referer=&httpsredir=1&article=1225&context=bjcfcl. [32] Doug Dannemiller, J. Lynette DeWitt and Ankur Gajjaria, Building regulatory-ready organizations, 2017. [Online]. Available: https://www2.deloitte.com/us/en/insights/industry/financial-services/regulatory-and-compliance-risk-investment-management-firms.html. [33] D. Hoffmann, F. Ahlemann and S. Reining, Reconciling alignment, efficiency, and agility in IT project portfolio management: recommendations based on a revelatory case study, Int. J. Proj. Manag. 38(2) (2020), 124-136. doi: 10.1016/j.ijproman.2020.01.004. [34] A. Papazafeiropoulou and K. Spanaki, Understanding governance, risk and compliance information systems (GRC IS): the experts view, Inf. Syst. Front. 18(6) (2016), 1251-1263. doi: 10.1007/s10796-015-9572-3. [35] M. B. Imerman and F. J. Fabozzi, Cashing in on innovation: a taxonomy of FinTech, J. Asset Manag. 21(3) (2020), 167-177. doi: 10.1057/s41260-020-00163-4. [36] Emanuel Derman, Models.Behaving.Badly.: Why Confusing Illusion with Reality can Lead to Disaster, on Wall Street and in Life, John Wiley & Sons, 2012, p. 24. [Online]. Available: https://www.amazon.in/Models-Behaving-Badly-Confusing-Illusion-Reality-Disaster/dp/1439164991. [37] Arto Tolonen, Hanna Kropsu-Vehkapera and Harri Haapasalo, Product portfolio management - current challenges and preconditions, Int. J. Perform. Meas. 4(2) (2014), 69-90. [Online]. Available: https://www.researchgate.net/profile/Arto-Tolonen/publication/277837634_ Product_Portfolio_Management_-_Current_challenges_and_preconditions/links/ 5575474e08aeb6d8c0194dcf/Product-Portfolio-Management-Current-challenges-and-preconditions.pdf. [38] M. B. Haugh and A. W. Lo, Computational challenges in portfolio management, Comput. Sci. Eng. 3(3) (2001), 54-59. doi: 10.1109/5992.919267. [39] L. Ilie, Challenges for financial managers in a changing economic environment, Procedia Econ. Financ. 27 (2015), 726-730. doi: 10.1016/S2212-5671(15)01054-0. [40] M. A. M. Al Janabi, Risk management in trading and investment portfolios, J. Emerg. Mark. Financ. 11(2) (2012), 189-229. doi: 10.1177/0972652712454516. [41] R. Gao and X. Yu, How to measure capital investment efficiency: a literature synthesis, Account. Financ. 60(1) (2020), 299-334. doi: 10.1111/acfi.12343. [42] J. M. García Lara, B. García Osma and F. Penalva, Accounting conservatism and firm investment efficiency, J. Account. Econ. 61(1) (2016), 221-238. doi: 10.1016/j.jacceco.2015.07.003. [43] G. C. Biddle, G. Hilary and R. S. Verdi, How does financial reporting quality relate to investment efficiency? J. Account. Econ. 48(2-3) (2009), 112-131. doi: 10.1016/j.jacceco.2009.09.001. [44] D. H. B. Phan, C. M. Tee and V. T. Tran, Do different types of political connections affect corporate investments? Evidence from Malaysia, Emerg. Mark. Rev. 42 (2020), 100667. doi: 10.1016/j.ememar.2019.100667. [45] Philip Sinnadurai, Ravichandran Subramaniam and Susela Devi, The influence of government shareholding on dividend policy in Malaysia, Int. J. fuzzy Syst. 9(3) (2021), 1-28. [Online]. Available: https://ideas.repec.org/a/gam/jijfss/v9y2021i3p49-d632588.html https://cpb-us-w2.wpmucdn.com/sites.udel.edu/dist/a/855/files/2020/08/ Rebalancing-Strategies.pdf. [46] J. R. Ritter and I. Welch, A review of IPO activity, pricing, and allocations, J. Finance 57(4) (2002), 1795-1828. doi: 10.1111/1540-6261.00478. [47] J. J. Korczak, P. Lipiński and P. Roger, Evolution Strategy in Portfolio Optimization, Springer Berlin Heidelberg, 2002, pp. 156-167. doi: 10.1007/3-540-46033-0_13. [48] F. Allen and R. Karjalainen, Using genetic algorithms to find technical trading rules, J. Financ. Econ. 51(2) (1999), 245-271. doi: 10.1016/S0304-405X(98)00052-X. [49] K.-S. Shin and Y.-J. Lee, A genetic algorithm application in bankruptcy prediction modeling, Expert Syst. Appl. 23(3) (2002), 321-328. doi: 10.1016/S0957-4174(02)00051-9. [50] B. A. Jain and B. N. Nag, Artificial neural network models for pricing initial public offerings, Decis. Sci. 26(3) (1995), 283-302. doi: 10.1111/j.1540-5915.1995.tb01430.x.
|