The global economy is undergoing profound shifts, powered by technological advancements and financial innovations, reshaping the role of finance in ways we've never seen before. As these forces reshape the world of finance, it becomes increasingly essential for academic scholars, practitioners, and future finance professionals to stay ahead of the curve, understanding the latest developments and trends. The problem is that finance education and practice often struggle to keep pace with these transformative changes. Standard textbooks and curricula tend to lag behind cutting-edge advancements in the field, leaving aspiring accountants and finance practitioners ill-prepared to tackle the challenges and opportunities of the modern financial world. Additionally, there is a gap between academic research and practical applications, making it difficult for scholars to bridge the divide and offer real-world solutions.

Contemporary Research and Practices for Promoting Financial Literacy and Sustainability presents a comprehensive solution to these challenges. It serves as a beacon of knowledge, bringing together classical finance topics and the latest developments, ensuring that future accountants and finance professionals are equipped with the knowledge necessary to navigate the reshaped financial landscape. By integrating contemporary research into finance teaching, this book bridges the gap between theory and practice, offering innate insights into theoretical concepts and their practical applications.

For academic scholars, industry practitioners, and students pursuing accounting and finance degrees, this book is an invaluable resource that offers a roadmap to understanding the dynamic world of finance. Readers have the opportunity to explore the important topics often overlooked in standard textbooks and gain a competitive edge in their academic and professional journeys. Embrace the future of finance with this insightful and comprehensive guide, providing you with the knowledge and adaptability needed to excel in the ever-changing financial world.

Coverage:

The many academic areas covered in this publication include, but are not limited to:

Accounting for Sustainability in Financial Reporting Disclosure
Asset Pricing and Portfolio Performance
Corporate Board Gender Diversity
Corporate Finance and Investment
Corporate Governance
Corporate Governance Reforms
Earnings Management
ESG Investments
Executive Compensation
Fair Value and its Impact on Financial Stability
Finance Education
Financial Innovations in Embedded Finance
Financial Innovations in FinTech
Financial Literacy
Financial Reporting Quality
Financial Wellbeing
Global Economy
Green Finance
Household Financial Shocks
Impact of AI on Firm’s Financing and Investment Activities
Market Efficiency and Behavioral Finance
Sustainable Finance

Reviews & Statements

The goal of finance teaching is to improve financial literacy through a deep understanding of the theoretical concepts and practical applications of finance through learning from the history and the emerging trends. This book provided an avenue for the academic researchers and expert writers in the field of accounting and finance to contribute their cutting-edge scientific works to advance the fast-evolving financial markets. It also offered accounting and finance graduates an opportunity to explore some of the ‘hot topics’ that the accounting and finance profession is more likely to encounter but are not necessarily addressed in standard textbooks.

– Dr. Lan Sun

The paper discusses financial literacy and financial behaviors in the context of a digital society. The study paves the way for future research on digital financial literacy and financial behaviors, considering the developments in the financial and technological environment.

– Jeswin Jose

Our publication explores the critical issue of household financial vulnerability, particularly focusing on how financial capability, financial stress, and digital payments influence short-term liquidity and long-term solvency. By addressing the determinants and strategies for mitigation, this work aims to provide valuable insights into safeguarding low and middle-income households from financial stress and potential bankruptcy.

– Veerta Tantia Commerce

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Editor/Author Biographies

Lan Sun holds a Ph.D. from Curtin University and Master of Applied Finance and MBA from the University of Newcastle, Australia. She is a Member of CPA Australia and Member of Accounting and Finance Association of Australia and New Zealand. She has above twenty years teaching experience across universities, currently she works in Central Queensland University, and previously she was a Senior Lecturer in University of New England, also worked in the University of Newcastle, Curtin University, and New York University (NYU) Sydney Campus. Her teaching focuses on undergraduate and postgraduate finance, business finance, corporate finance, international finance, accounting and financial management, financial accounting, international accounting and auditing. Her research interests cover asset pricing, market efficiency, fair value, financial reporting quality, earnings management, corporate governance, executive compensation, sustainable finance and investing, financial wellbeing etc. Dr Sun has a track record of over 50 publications including journal articles, book and book chapters, and conference proceedings. She has published high quality research papers in Scopus indexed and SCImago Q1 ranked journals including Journal of Sustainable Finance and Investment, International Journal of Accounting and Information Management, Sustainability, Asian Review of Accounting, Pacific Accounting Review, Australasian Accounting Business and Finance Journal, etc.

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