The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study

Nabil Abd El-Raouf Ebrahim

doi:doi:10.11648/j.jfa.20241205.11

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The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study

Nabil Abd El-Raouf Ebrahim^*

Published in Journal of Finance and Accounting (Volume 12, Issue 5)

Received: 10 April 2024 Accepted: 10 May 2024 Published: 29 October 2024

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Abstract

Many countries of the world have turned to the use of financial technology in advanced economies, as this trend imposed by the fourth technology revolution that the world has known in recent years has allowed to improve the quality of financial services provided to the public of customers, reduce their cost, and provide them to the class of customers that were previously financially excluded. FinTech applications have replaced the human factor in financial institutions and financial systems in general, from managing financial risks, providing financial services to clients, and other tasks that require processing a huge amount of information and data, in a way that enhances the role played by financial technology innovations in Preparing and presenting the financial statements of companies providing these services quickly and with high accuracy in accordance with the requirements of the International Financial Reporting Standards (IFRS), in a way that contributes to reducing financial corruption and audit failures, and limits tax avoidance, and that financial technology innovations lead to adaptation with electronic tax systems, and the researcher prepared An applied study on a sample of financial technology companies, and it became clear to the researcher the existence of a set of challenges represented in accounting and tax problems, the researcher provided solutions to them, and the researcher prepared a field study on the same sample, and it was found from the statistical study, the rejection of the study’s hypotheses and therefore there are no differences between the categories The study was based on the outputs of the SPSS program, Chi-Square, and the study ended with a set of results and recommendations.

Published in	Journal of Finance and Accounting (Volume 12, Issue 5)
DOI	10.11648/j.jfa.20241205.11
Page(s)	108-126
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Financial Technology, Tax Avoidance, Accounting Measurement

References

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[2]	Erik Feyen, Jon Frost, “Fintech and the digital transformation of financial services: implications for market structure and public policy” Monetary and Economic Department. International bank. July 2021.
[3]	Clarifications and inquiries: The Financial Regulatory Authority (FRA), https://fra.gov.eg/ , to show the impact of financial technology companies on the development of the lending market in Egypt.
[4]	Yafen Ye, Shenglan Chen, Chunna Li, "Financial technolo-gy as a driver of poverty alleviation in China: Evidence from an innovative regression approach". Journal of Inno-vation & Knowledge, 3 February 2022.
[5]	Marisa A. Sánchez, "A multi-level perspective on finan-cial technology transitions". Technological Forecasting and So-cial Change, Volume 181, August 2022.
[6]	Yu Youa Zongdai Yub Wenqiao Zhangc LeiLud, "FinTech Platforms and Mutual Fund Markets", Journal of Interna-tional Financial Markets, Institutions and Money, 8 September 2022.
[7]	Cipriani, Marco & Guarino, Antonio & Uthemann, Andreas, 2022. "Financial transaction taxes and the informational efficiency of financial markets: a structural estimation," LSE Research Online Documents on Economics 115664, London School of Economics and Political Science, LSE Library.
[8]	Francesco Cappaac Francesca Collevecchiob Raffaele Ori-anic Enzo Peruffoc, "Banks responding to the digital surge through Open Innovation: Stock market performance ef-fects of M&As with fintech firms", Journal of Economics and Business, Volume 121, July–August 2022.
[9]	Victor Murindea Efthymios Rizopoulosb Markos Zachari-adisb, "The impact of the FinTech revolution on the future of banking: Opportunities and risks" International Review of Financial Analysis, Volume 81, May 2022.
[10]	Hakkı Deniz Karaman Tanseli Savaser Gunseli Tumer-Alkan, "Financial technology in developing economies: A note on digital lending in Turkey", Economics Letters, Vol-ume 207, October 2021.
[11]	Tsui -Yueh Cho Yi- Shuan Chen, "The impact of financial technology on China’s banking industry: An application of the meta frontier cost Malmquist productivity index", The North American Journal of Economics and Finance, 22 March 2021.
[12]	Ani Stoykova, Mariya Paskaleva "RISK MANAGEMENT AND ACCOUNTING WITH FINTECH" Entrepreneurship, 2020, vol. 8, issue 1, 59-73.
[13]	Carmen Leong Felix Ter Chian Tan Fithra Faisal, "The emancipatory potential of digital entrepreneurship: A study of financial technology driven inclusive growth", Infor-mation & Management, 23 October 2020.
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[15]	Hui Li Nazar Usman Xiaoying Tang, "Does the resources curse hypothesis exist in China? What is the dynamic role of fiscal decentralization, economic policy uncertainty, and technology innovation for sustainable financial develop-ment?” Resources Policy, 22 September 2022.
[16]	Dr. Basant Ali Ahmed Noureddine, “A quantitative ap-proach to measuring the expected added value in the ac-counting application of financial technology in order to hedge against its risks in the financial markets.” Journal of Financial and Commercial Research - Volume (23) Issue 3 - Port Said University. July 2022.
[17]	Dr. Nahla Abul-Ezz, “The Impact of the Application of Financial Digitization Technology on Financial Inclusion in the Banking Sector in African Countries,” Journal of the Faculty of Politics and Economics, Issue Ten, Cairo Univer-sity - Faculty of Higher African Studies - April 2021.
[18]	Dr. Wahiba Abdel-Rahim and Dr. Al-Zahraa Oqasem, “Financial Technology in the Gulf Countries between the Nov-elty of the Phenomenon and the Speed of Absorption,” Journal of Economic Studies. University Center Tamanras T. ISSN: 2602-7925, Issue 28, 2019.
[19]	Rongda Chenabc Jiahao Huanga Chenglu Jinab Yili Yanga Bing Chena, "Multidimensional attention to Fintech, trading behavior and stock returns". International Review of Eco-nomics & Finance, Volume 83, January 2022, Pages 373-382.
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APA Style

Ebrahim, N. A. E. (2024). The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study. Journal of Finance and Accounting, 12(5), 108-126. https://doi.org/10.11648/j.jfa.20241205.11

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ACS Style

Ebrahim, N. A. E. The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study. J. Finance Account. 2024, 12(5), 108-126. doi: 10.11648/j.jfa.20241205.11

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AMA Style

Ebrahim NAE. The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study. J Finance Account. 2024;12(5):108-126. doi: 10.11648/j.jfa.20241205.11

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@article{10.11648/j.jfa.20241205.11,
  author = {Nabil Abd El-Raouf Ebrahim},
  title = {The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study
},
  journal = {Journal of Finance and Accounting},
  volume = {12},
  number = {5},
  pages = {108-126},
  doi = {10.11648/j.jfa.20241205.11},
  url = {https://doi.org/10.11648/j.jfa.20241205.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20241205.11},
  abstract = {Many countries of the world have turned to the use of financial technology in advanced economies, as this trend imposed by the fourth technology revolution that the world has known in recent years has allowed to improve the quality of financial services provided to the public of customers, reduce their cost, and provide them to the class of customers that were previously financially excluded. FinTech applications have replaced the human factor in financial institutions and financial systems in general, from managing financial risks, providing financial services to clients, and other tasks that require processing a huge amount of information and data, in a way that enhances the role played by financial technology innovations in Preparing and presenting the financial statements of companies providing these services quickly and with high accuracy in accordance with the requirements of the International Financial Reporting Standards (IFRS), in a way that contributes to reducing financial corruption and audit failures, and limits tax avoidance, and that financial technology innovations lead to adaptation with electronic tax systems, and the researcher prepared An applied study on a sample of financial technology companies, and it became clear to the researcher the existence of a set of challenges represented in accounting and tax problems, the researcher provided solutions to them, and the researcher prepared a field study on the same sample, and it was found from the statistical study, the rejection of the study’s hypotheses and therefore there are no differences between the categories The study was based on the outputs of the SPSS program, Chi-Square, and the study ended with a set of results and recommendations.
},
 year = {2024}
}

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TY  - JOUR
T1  - The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study

AU  - Nabil Abd El-Raouf Ebrahim
Y1  - 2024/10/29
PY  - 2024
N1  - https://doi.org/10.11648/j.jfa.20241205.11
DO  - 10.11648/j.jfa.20241205.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 108
EP  - 126
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20241205.11
AB  - Many countries of the world have turned to the use of financial technology in advanced economies, as this trend imposed by the fourth technology revolution that the world has known in recent years has allowed to improve the quality of financial services provided to the public of customers, reduce their cost, and provide them to the class of customers that were previously financially excluded. FinTech applications have replaced the human factor in financial institutions and financial systems in general, from managing financial risks, providing financial services to clients, and other tasks that require processing a huge amount of information and data, in a way that enhances the role played by financial technology innovations in Preparing and presenting the financial statements of companies providing these services quickly and with high accuracy in accordance with the requirements of the International Financial Reporting Standards (IFRS), in a way that contributes to reducing financial corruption and audit failures, and limits tax avoidance, and that financial technology innovations lead to adaptation with electronic tax systems, and the researcher prepared An applied study on a sample of financial technology companies, and it became clear to the researcher the existence of a set of challenges represented in accounting and tax problems, the researcher provided solutions to them, and the researcher prepared a field study on the same sample, and it was found from the statistical study, the rejection of the study’s hypotheses and therefore there are no differences between the categories The study was based on the outputs of the SPSS program, Chi-Square, and the study ended with a set of results and recommendations.

VL  - 12
IS  - 5
ER  -

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Author Information

Nabil Abd El-Raouf Ebrahim

Sherouk Academy, Cairo, Egypt

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Plain Text BibTeX RIS

APA Style

Ebrahim, N. A. E. (2024). The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study. Journal of Finance and Accounting, 12(5), 108-126. https://doi.org/10.11648/j.jfa.20241205.11

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ACS Style

Ebrahim, N. A. E. The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study. J. Finance Account. 2024, 12(5), 108-126. doi: 10.11648/j.jfa.20241205.11

Copy | Download

AMA Style

Ebrahim NAE. The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study. J Finance Account. 2024;12(5):108-126. doi: 10.11648/j.jfa.20241205.11

Copy | Download

@article{10.11648/j.jfa.20241205.11,
  author = {Nabil Abd El-Raouf Ebrahim},
  title = {The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study
},
  journal = {Journal of Finance and Accounting},
  volume = {12},
  number = {5},
  pages = {108-126},
  doi = {10.11648/j.jfa.20241205.11},
  url = {https://doi.org/10.11648/j.jfa.20241205.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20241205.11},
  abstract = {Many countries of the world have turned to the use of financial technology in advanced economies, as this trend imposed by the fourth technology revolution that the world has known in recent years has allowed to improve the quality of financial services provided to the public of customers, reduce their cost, and provide them to the class of customers that were previously financially excluded. FinTech applications have replaced the human factor in financial institutions and financial systems in general, from managing financial risks, providing financial services to clients, and other tasks that require processing a huge amount of information and data, in a way that enhances the role played by financial technology innovations in Preparing and presenting the financial statements of companies providing these services quickly and with high accuracy in accordance with the requirements of the International Financial Reporting Standards (IFRS), in a way that contributes to reducing financial corruption and audit failures, and limits tax avoidance, and that financial technology innovations lead to adaptation with electronic tax systems, and the researcher prepared An applied study on a sample of financial technology companies, and it became clear to the researcher the existence of a set of challenges represented in accounting and tax problems, the researcher provided solutions to them, and the researcher prepared a field study on the same sample, and it was found from the statistical study, the rejection of the study’s hypotheses and therefore there are no differences between the categories The study was based on the outputs of the SPSS program, Chi-Square, and the study ended with a set of results and recommendations.
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - The Impact of Financial Technology on Accounting Measurement to Enhance Capital Markets to Reduce Tax Avoidance: An Empirical Study

AU  - Nabil Abd El-Raouf Ebrahim
Y1  - 2024/10/29
PY  - 2024
N1  - https://doi.org/10.11648/j.jfa.20241205.11
DO  - 10.11648/j.jfa.20241205.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 108
EP  - 126
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20241205.11
AB  - Many countries of the world have turned to the use of financial technology in advanced economies, as this trend imposed by the fourth technology revolution that the world has known in recent years has allowed to improve the quality of financial services provided to the public of customers, reduce their cost, and provide them to the class of customers that were previously financially excluded. FinTech applications have replaced the human factor in financial institutions and financial systems in general, from managing financial risks, providing financial services to clients, and other tasks that require processing a huge amount of information and data, in a way that enhances the role played by financial technology innovations in Preparing and presenting the financial statements of companies providing these services quickly and with high accuracy in accordance with the requirements of the International Financial Reporting Standards (IFRS), in a way that contributes to reducing financial corruption and audit failures, and limits tax avoidance, and that financial technology innovations lead to adaptation with electronic tax systems, and the researcher prepared An applied study on a sample of financial technology companies, and it became clear to the researcher the existence of a set of challenges represented in accounting and tax problems, the researcher provided solutions to them, and the researcher prepared a field study on the same sample, and it was found from the statistical study, the rejection of the study’s hypotheses and therefore there are no differences between the categories The study was based on the outputs of the SPSS program, Chi-Square, and the study ended with a set of results and recommendations.

VL  - 12
IS  - 5
ER  -

Copy | Download