New issue of the Risk Governance and Control: Financial Markets & Institutions journal
The editorial team of Virtus Interpress is honoured to publish the first issue of the Risk Governance and Control: Financial Markets & Institutions in 2026. This issue is represented by the studies from Germany, Italy, Lithuania, Georgia, Brazil, UAE, Saudi Arabia, Malaysia, Vietnam, Indonesia, Iraq, Nigeria, and India, which makes this issue truly international.
The proposed issue is devoted to such relevant topics as corporate governance mechanism, institutional ownership, going concern audit opinions, bankruptcy risks, MSMEs credit, credit risks, bank intermediation, economic and regulatory consequences, investment efficiency, financial flexibility, SME performance, risk governance, risk management, risk assessment, board independence, gender diversity, profitability, efficiency, financial speculation, return volatility, geopolitical risks, economic uncertainty, public sector, public procurement, accountability, dividend policy, scrip dividends, funding strategy, IFRS 16, asymmetric volatility, price volatility, joint-stock commercial banks, stock market, internal financial factors, macroeconomic factors, non-performing loans, Shariah governance, crowdfunding regulation, ethical finance, sustainability, income inequality, bitcoin, innovation adoption, robo-advisors, financial services, etc.
The full issue of the journal is available at the following link.
Tanggor Sihombing and Hubertus Ade Resha Raditya Boli investigate the impact of bankruptcy risk and opinion shopping practices on issuing going concern audit opinions.
Kang Wan Tan and Mei Foong Wong examine the impact of the IFRS 16 adoption on firm investment efficiency, with emphasis on its economic and regulatory implications for different firm characteristics.
Yuni Utami, Sri Lestari, and Dian Purnomo Jati investigate the relationship between corporate governance and financial flexibility in shaping performance and risk in SMEs within developing economies.
Hamid Mohsin Jadah, Hadeer Khayoon Ashour, Noor Salah Alramadan, and Noor Hashim Mohammed Al-Husainy examine the impact of financial flexibility on performant credit risk.
Thi Ha Thanh Nguyen, Ngoc Anh Pham, and Tuan Anh Do study the efficiency of the VN30 futures market in Vietnam, an emerging derivatives market, focusing on the random walk hypothesis and the unbiasedness hypothesis.
Julia Safitri, Rini Yayuk Priyati, Anisa Zahwa Akbara, Ake Wihadanto, and Etty Susanty analyse the impact of MSMEs credit, both in nominal and proportional terms, on the relative credit risk of MSMEs and the role of banking intermediaries.
Algirdas Justinas Staugaitis and Česlovas Christauskas assess the impact of financial speculation on the returns and volatility of agricultural and other commodity futures before and after the COVID-19 pandemic.
Mohammed Sultan Alsubaie scrutinises the macroeconomic impact of geopolitical risk shocks on the UK by using a SVAR model with monthly data from 1992 to 2024.
Julian Heinen and Jonas Vogt provide the first comprehensive empirical analysis of the factors influencing acceptance rates, based on a novel dataset covering all scrip dividend programs conducted in Germany.
Ketevan Nadirashvili, Ana Luiza Freire de Lorena, Ana Paula Cabral Seixas Costa, Mariam Menteshahsvili, and Tornike Surguladze introduce Risk-MM-Georgia, a novel risk management maturity model developed using the design science research methodology.
Karem Sayed Aboelazm, Raghda Raafat, Fady Tawakol, and Khalid Mohamed Dganni seek to explore internal and emerging limitations set within the public procurement system.
David Umoru, together with co-authors investigate whether the volatility risk premium can predict fat-tail risks and asymmetric tendencies in emerging and developed markets.
Thi Van Anh Pham, Van Binh Nguyen, Huong Quynh Doan, and Thi Hoai Thu Ho analyse the factors affecting the probability of bad debt exceeding the threshold at listed joint-stock commercial banks in Vietnam during the period 2012–2024.
Massimo Regalli, Giovanni Verga, Evita Allodi, and Andrea Del Sante examine how stock prices of Italian football clubs react to unexpected match outcomes, focusing on Juventus, Lazio, and Roma over the 2013–2014 to 2018–2019 football seasons.
Wan Nur Fazni Wan Mohamad Nazarie, Muhammad Iqmal Hisham Kamaruddin, Nurul Aini Muhamed, Aimi Fadzirul Kamarubahrin, Rafisah Mat Radzi, and Syifa’ Mawaddah Zaimi deal with the operational workflow and governance structure of Islamic donation-based crowdfunding, focusing on its alignment with Shariah principles and ethical financial practices.
Benny Budiawan Tjandrasa and Andrew Sebastian Lehman explain the relationship between income inequality and stock price indices growth and what factors can narrow income inequality.
Phuong Huyen Do, Ngoc Mai Nguyen, Hoang Lan Nguyen, and Van Duc Nguyen examine the spillover effects of global Bitcoin price volatility on Vietnamese stock and gold markets using daily data from 2018 to 2025.
Yasmeen Ansari, Rohit Bansal, Anand Kumar Mishra, and Prince Kumar Maurya explore the impact of ‘reasons for’ and ‘reasons against’ factors on the adoption of robo-advisors in the Saudi financial services sector.
We thank all contributing authors for their rigorous research and we are pleased to share this issue as a reflection of the journal’s commitment to scholarly advancement and policy relevance.
