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The Journal of Finance publishes leading research across all the major fields of finance. It is one of the most widely cited journals in academic finance, and in all of economics. Each of the six issues per year reaches over 8,000 academics, finance professionals, libraries, and government and financial institutions around the world. The journal is the official publication of The American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics.

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Digital finance policy and the challenge of air pollution in China

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ESG uncertainty, investor attention and stock price crash risk in China: evidence from PVAR model analysis

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Financial imperatives to food system transformation

Finance is a critical catalyst of food systems transformation. At the 2021 United Nations Food Systems Summit, the Financial Lever Group suggested five imperatives to tap into new financial resources while making better use of existing ones. These imperatives are yet to garner greater traction to instigate meaningful change.

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Central bank digital currencies risk becoming a digital Leviathan

Central bank digital currencies (CBDCs) already exist in several countries, with many more on the way. But although CBDCs can promote financial inclusivity by offering convenience and low transaction costs, their adoption must not lead to the loss of privacy and erosion of civil liberties.

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The Journal of Financial Services Research publishes high quality empirical and theoretical research on the demand, supply, regulation, and pricing of financial services. Financial services are broadly defined to include banking, risk management, capital markets, mutual funds, insurance, venture capital, consumer and corporate finance, and the technologies used to produce, distribute, and regulate these services. Macro-financial policy issues, including comparative financial systems, the globalization of financial services, and the impact of these phenomena on economic growth and financial stability, are also within the JFSR ’s scope of interest. The Journal seeks to promote research that enriches the profession’s understanding of financial services industries, to elevate industry and product efficiencies, as well as to inform the debate and promote the formulation of sound public policies. Officially cited as: J Financ Serv Res

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Financial Research Paper Topics – The Complete List to Choose From

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Table of contents

  • 1 How to Choose Financial Research Topics?
  • 2 List of Finance Topics to Write About
  • 3 Interesting Finance Topics
  • 4 Research Topics for Finance Students
  • 5 Finance Research Topics for MBA
  • 6 Public Finance Topics
  • 7 International Research Topics in Finance
  • 8 Healthcare Finance Research Topics
  • 9 Corporate Finance Topics
  • 10 Business Finance Topics
  • 11 Personal Finance Topics
  • 12 Conclusion

A search for the right financial research paper topic is constant. Indeed, we can understand this because knowing the reasonable topics in finance puts us ahead of the game. Students majoring in business are obliged to make presentations and submit essays, projects, and research papers on banking and accounting at one point in their career.

The challenges of picking the best finance topics are, however, always within. For this reason, we’ve done extensive research and have composed a great list of financial research paper topics and divided them into groups for you to choose from.

If you’re in doubt about how to choose your topic, we’ve got that covered too. Read our easy guide on which steps to take to ensure your paper topic is appropriate, along with our vital tips on what to pay attention to when choosing them.

How to Choose Financial Research Topics?

To choose the proper topic and get prepared for the process of research paper writing , you should first explore something that nobody has explored so far. Other than that step of selecting a unique topic, here are some other helpful tips we recommend in selecting the best and most appropriate financial research topic:

  • Find a question that has no answers yet in the field of your study and give it additional research to find a suitable solution;
  • Read several finance theses and papers to get a good idea for choosing your topic;
  • Always find a general viewpoint for your financial research topic and use your study to narrow it down to something specific;
  • Do online research and find what topics may be a burning issue to work on them. This type of research will make the research paper topic valid, compelling, suitable for your particular research, and unique;
  • Talk about your topic with your friends or other people who have experience in writing papers. You can consult your professors too.

List of Finance Topics to Write About

We offer you a list of exciting finance topics you can write about divided into groups. This way, you can choose the best topic from your target group and make sure you can cover it to a T. Have fun researching.

Interesting Finance Topics

Perhaps you want to write an interesting business paper. You’ll need to choose among some of the most recurring finance paper topics and write a persuasive paper. Here’s our list of the ten options we find most engaging.

  • A comparative study on the set-backs and benefits of acquisition and merger
  • Possible solutions to the Capital Asset Pricing Model
  • Future commerce and the impact of manipulating commodity
  • A comparative analysis of the Continuous-time model application
  • Building stability for retail investors using the Systematic Investment Strategy
  • US’ economy and income tax
  • How does the American economy function with the current banking operations
  • Financial statement analysis and the ratio analysis – is it a practical component?
  • Senior citizen investment – a case study of this portfolio
  • Multi-level marketing and its applications in different economies of the world

Research Topics for Finance Students

Finance students have to write research papers throughout their years of study. Sometimes, it may be hard to find the most engaging financial topics to write about, which is why our list should help.

  • The differences and similarities between traditional finance and behavioral one
  • Consumer satisfaction in e-banking
  • The best risk management methods for the manufacturing industry – a detailed analysis
  • A derivative marketplace and its financial risks – identification and measuring
  • Potential risks for the banking sector and how to avoid them?
  • The new technologies behind banking in commercial banks

Finance Research Topics for MBA

The following list of research topics in finance would help you intrigue your professors and look at the discipline from a new perspective.

  • Investment analysis of your chosen company
  • Capital management – a detailed report
  • Saving taxes – considerations and financial plans
  • Life insurance investments and the involvement of investors in them
  • A comparative analysis between traditional products and UIL

know_shortcode

Public Finance Topics

Public finance topics are a type of finance research paper topics that covers taxation, government borrowing, and other aspects.

  • Accounting and government budgeting
  • The austerity related to finance and government education
  • The theory and practice of government taxation
  • How does the government raise money through borrowing
  • The government’s revenue collection plan
  • Budgeting and accounting of the government

International Research Topics in Finance

Since business transactions are happening worldwide, and local trade is no longer the only option, we must study international business.

  • What can we do to prevent global economic crises?
  • Can the banking industry lower the impact of the recurring financial crisis?
  • Can a country achieve funding healthcare for homeless people?
  • Which sectors of healthcare need more funding?
  • The problems of high prices of medication in the US

Healthcare Finance Research Topics

Here are some of the most relevant topics for healthcare finance:

  • What’s better – paid or free healthcare?
  • Healthcare finance – the origins
  • Is financing healthcare a privilege or a right?
  • Healthcare policies in the U.S. through history
  • How can first-world countries improve healthcare?
  • How much impact does the government have on its healthcare?
  • Can we achieve worldwide free healthcare?

Corporate Finance Topics

Corporate finance deals with structuring capital, financing, and making decisions for each investment. The following list of research topics in finance covers ways to make minimal mistakes in this field.

  • Possible solutions to ethical concerns in corporate finance
  • Small and medium-capitalization businesses – understanding their investment patterns
  • Investment for mutual funds – a detailed analysis of its different streams
  • How do equity investors manage their potential risks
  • What are the potential pros and cons of SWIFT, and how does it work?

Business Finance Topics

Each decision we make in business has some financial implications. Therefore, we must understand the fundamentals to write finance topics that require management, analysis, valuation, etc.

  • Establishing business enterprises and the application of business finance
  • Business modernization and the role of business finance
  • Selling our life insurance – Is tax an effective incentive here?
  • Who do mutual funds change within the public and private sectors?
  • Different investment options for different financial classes – Is there a preference?
  • The choices and preferences of investors – A detailed analysis
  • The investors’ perspective on investing in private insurance companies
  • Corporate entities and increasing their accountability
  • Business finance and its ethical concerns
  • Small to medium business tax payments

more_shortcode

Personal Finance Topics

Personal finance is a susceptible area, as we all like to tend to our finances appropriately. Here are some of the most exciting burning issues in this field:

  • Possible saving strategies while you’re on a budget – An evaluation
  • The effect of inflation and the increase in the interest rate on personal finance
  • Employees and employers working from home – what are the benefits?
  • Is free healthcare or affordable healthcare a common right every citizen should have?
  • What are the best ways to save money when you’re on a budget?
  • Credit scored – a detailed analysis
  • The importance of vehicle and credit loans
  • How does tax impact making our financial decisions?
  • What are the best ways to properly manage credit?
  • Mobile banking and its difficulties

Yes, choosing among numerous financial research paper topics can sometimes be overwhelming. Still, we’ve laid out all the inspirational ideas for them in categories so that you can find your best pick fast and easily. If you feel like you can’t write that paper yourself, that’s okay too.

Contact our services at PapersOwl for some first-class research writing. On the other hand, if you feel like you are a professional in this field, we have you covered for that too. You can write research papers for money through our service and make extra cash from your writing skills.

If you have any additional questions about finance research topics, please contact our college paper help . Our team of experts will tend to all of your questions promptly.

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List of 160 Accounting Research Topics in 2024

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Financial Innovation

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Financial Innovation Maintains Top 5% Global Ranking with Latest Impact Factor of 6.9

We are pleased to announce that Financial Innovation has achieved the latest impact factor of 6.9, placing 9th out of 231 journals in the Business, Finance category, and 3rd out of 67 journals in the Social Science, Mathematical Methods category.

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Exploring the coherency and predictability between the stocks of artificial intelligence and energy corporations

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From CFOs to crypto: exploratory study unraveling factors in corporate adoption

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Does the U.S. extreme indicator matter in stock markets? International evidence

Authors: Xiaozhen Jing, Dezhong Xu, Bin Li and Tarlok Singh

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A systematic review of blockchain

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Cashless payment and economic growth

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Authors: Fan Fang, Carmine Ventre, Michail Basios, Leslie Kanthan, David Martinez-Rego, Fan Wu and Lingbo Li

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  • Record-Breaking Impact Factor: 8.4! Financial Innovation Ranks TOP 3 Globally
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  • Financial innovation for Emission Trading Scheme Published on: 12 September 2023
  • Blockchain and digital finance Published on: 12 September 2023
  • COVID-19 and Financial and economic systems Published on: 13 May 2022  
  • Impact of COVID-19 and cryptocurrencies on the global financial market Published on: 19 April 2021    
  • Analytical and decision-making technique innovation in financial market Published: 19 November 2020    more collections

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Financial Innovation for a Sustainable Future Guest Editor: Anna Min Du, Brian M. Lucey, Samuel A. Vigne

Greenwashing and Fintech in the Digital Age: Challenges and Opportunities for Sustainable Development Guest Editor: Umer Shahzad,   Gagan Deep Sharma, Mohamed Elheddad, Nadia Doytch, Cosimo Magazzino

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Financial Innovation (FIN) is a Springer OA journal sponsored by Southwestern University of Finance and Economics. It provides a global academic forum for exchanging research findings across all fields in financial innovation in the era of electronic business that spans over several technological waves such as mobile computing, blockchain, and generative artificial intelligence (GenAI). It seeks to promote interactions among researchers, policy-makers, and practitioners, and to foster research ideas on financial innovation in the areas of new financial instruments as well as new financial technologies, markets and institutions.  FIN emphasizes emerging financial products, processes and services that are enabled by the introduction of disruptive technologies. FIN is peer-reviewed and publishes both high-quality academic (theoretical or empirical) and practical papers in the broad ranges of financial innovation. It has been indexed in SSCI, Scopus, Google Scholar, CNKI, CQVIP and so on. Topic areas of interest include, but are not limited to, agentic financial workflow, asset pricing, behavioral finance, big data analytics in finance, computational financial intelligence, corporate finance, derivative pricing and hedging, disruptive financial models, extreme risks and insurance, financial economics, financial engineering, financial instruments, financial intermediation, financial market, financial risk management and analysis, GenAI-centric financial process automation, high frequency and algorithmic trading, household finance, human-AI collaboration in finance, innovative financial services, international finance, internet and mobile finance, legal and social issues of new finance, public finance and taxation, and other relevant topics. In particular, FIN welcomes research articles that study real-world impacts surrounding applications and management of blockchain, artificial intelligence, big data, Internet-of-Things, and other advanced computing such as GenAI adoption in banking and other finance services.

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Citation Impact 2023 Journal Impact Factor: 6.9 5-year Journal Impact Factor: 6.8 Source Normalized Impact per Paper (SNIP): 2.149 SCImago Journal Rank (SJR): 1.162

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Working Papers – 2021

FDIC Center for Financial Research Working Paper No. 2021-08 
Sumit Agarwal, Souphala Chomsisengphet, Hua Kiefer, Leonard C. Kiefer and Paolina C. Medina

This Version: February 2023
, Forthcoming

During the first half of 2020, the difference in savings from mortgage refinancing between high- and low-income borrowers was ten times higher than before. This was the result of two factors: high-income borrowers increased their refinancing activity more than otherwise comparable low-income borrowers and, conditional on refinancing, they captured slightly larger improvements in interest rates. Refinancing inequality increases with the severity of the COVID-19 pandemic and is characterized by an under- representation of low-income borrowers in the pool of applications. We estimate a difference of $5 billion in savings between the top income quintile and the rest of the market.

Keywords: Mortgage Refinancing, COVID-19, Wealth Inequality, Monetary Policy

FDIC Center for Financial Research Working Paper No. 2021-07 
Emily Johnston Ross, Joseph B. Nichols and Lynn Shibut

This Version: August 2021

Construction loan portfolios have experienced notoriously high loss rates during economic downturns and are a key factor in many bank failures. Yet there has been little research on what drives losses on construction loans and how to mitigate those losses, due to a lack of data. Using proprietary loan-level data from more than 15,000 defaulted construction loans at over 275 banks that failed between 2008 and 2013, we explore the extent to which observed losses during a severe downturn are driven by the characteristics of the loans, the originating banks, and the local markets. We find close ties between loss rates and certain loan characteristics as well as market conditions both at and after origination, while institution-level differences across banks appear less important. We find that the risk of higher losses on construction loans is influenced not only by the originating bank’s behavior but also by the behavior of other local lenders in the market. This finding has important implications for how lenders and regulators manage risk through the real estate cycle. We also find support for existing regulatory guidance regarding higher capital requirements for construction loans, specifically for land and lot development loans.

JEL Code: R31, R33, G21
Keywords: ADC, Construction Loan, LGD, CRE

FDIC Center for Financial Research Working Paper No. 2021-06 
Andrea Fabiani, Martha López Piñeros, José-Luis Peydró and Paul E. Soto

This Version: May 2021
Forthcoming in  .

We study how capital controls and domestic macroprudential policy tame credit supply booms, respectively targeting foreign and domestic bank debt. For identification, we exploit the simultaneous introduction of capital controls on foreign exchange (FX) debt inflows and an increase of reserve requirements on domestic bank deposits in Colombia during a strong credit boom, as well as credit registry and bank balance sheet data. Our results suggest that first, an increase in the   monetary policy rate, raising the interest rate spread with the United States, allows more FX-indebted banks to carry trade cheap FX funds with more expensive peso lending, especially toward riskier, opaque firms. Capital controls tax FX debt and break the carry trade. Second, the increase in reserve requirements on domestic deposits directly reduces credit supply, and more so for riskier, opaque firms, rather than enhances the transmission of monetary rates on credit supply. Importantly, different banks finance credit in the boom with either domestic   foreign (FX) financing. Hence, capital controls and domestic macroprudential policy complementarily mitigate the boom and the associated risk-taking through two distinct channels.

JEL Code: E52, E58, F34, F38, G21, G28
Keywords: Capital controls, Macroprudential and monetary policy, Carry trade, Credit supply, Risk-taking

FDIC Center for Financial Research Working Paper No. 2021-05 
Lee K. Davison and Carlos D. Ramirez 

This Version: April 2021

Between 1909 and 1922 a private deposit insurance company coexisted with the state-sponsored deposit insurance program in Kansas. This paper documents its development using primary sources. In addition, it examines if affiliation with the private deposit insurance (i) had an effect on risk-taking and the probability of failure; (ii) increased confidence among depositors, and (iii) was influenced by a neighboring bank’s membership in the state’s deposit insurance. We find that affiliation with the private deposit insurance did not affect a bank’s likelihood of failure, although smaller national bank members did increase risk-taking. The evidence does not support the hypothesis that the company enhanced depositor confidence. Lastly, we do find strong evidence that a bank’s decision to join the private deposit insurance was influenced by neighboring banks’ affiliation with the Kansas deposit insurance program.

JEL Code: G21, G22, N21, N22
Keywords: private deposit insurance, Kansas state deposit insurance, moral hazard

FDIC Center for Financial Research Working Paper No. 2021-04 
Emily Johnston-Ross, Song Ma and Manju Puri

This Version: April 2021
, Forthcoming

We investigate the role of private equity (PE) in the resolution of failed banks after the 2008 financial crisis. Using proprietary failed bank acquisition data from the FDIC combined with data on PE investors, wefind that PE investors made substantial investments in underperforming and riskier failed banks. Further, these acquisitions tended to be in geographies where the other local banks were also distressed. Our results suggest that PE investors helped channel capital to underperforming failed banks when the “natural” potential bank acquirers were themselves constrained, filling the gap created by a weak, undercapitalized banking sector. Next, we use a quasi-random empirical design based on proprietary bidding data to examine ex post performance and real effects. We find that PE-acquired banks performed better ex post, with positive real effects for the local economy. Our results suggest that private equity investors had a positive role in stabilizing the financial system in the crisis through their involvement in failed bank resolution.

JEL Code: E65, G18, G21
Keywords: Private equity, Financial stability, Failed banks, Financial crisis

FDIC Center for Financial Research Working Paper No. 2021-03 
Denghui Chen, Hua Kiefer and Xiaodong Liu

This Version: April 2022

Published as: Chen, Denghui, Hua Kiefer, and Xiaodong Liu. “ ”   97 (2022) 103835.

This paper studies the problem of missing observations on the outcome variable in a discrete choice network model. The research question is motivated by an empirical study of the spillover effect of home mortgage delinquencies, where mortgage repayment decisions can only be observed for a sample of all the borrowers in the study region. We show that the nested pseudo-likelihood (NPL) algorithm can be readily modified to address this missing data problem. Monte Carlo simulations indicate that the proposed estimator works well infinite samples and ignoring this issue leads to a severe downward bias in the estimated spillover effect. We apply the proposed estimation procedure using data on single-family residential mortgage delinquencies in Clark County of Nevada in 2010, and find strong evidence of the spillover effect. We also conduct some counterfactual experiments to illustrate the importance of consistently estimating the spillover effect in policy evaluation.

JEL Code: C21, R31
Keywords: Missing data, Mortgage defaults, Networks, NPL, Rational expectation

FDIC Center for Financial Research Working Paper No. 2021-02 
Haelim Anderson, Kinda Hachem and Simpson Zhang

This Version: May 2021

We study financial stability with constraints on central bank intervention. We show that a forced reallocation of liquidity across banks can achieve fewer bank failures than a decentralized market for interbank loans, reflecting a pecuniary externality in the decentralized equilibrium. Importantly, this reallocation can be implemented through the issuance of clearinghouse loan certificates, such as those issued in New York City during the Panic of 1873. With a new dataset constructed from archival records, we demonstrate that the New York Clearinghouse issued loan certificates to member banks in the way our model suggests would have helped resolve the panic.

JEL Code: D53, D62, E42, E50, G01, N21
Keywords: Financial Crisis, Bank Runs, Liquidity, Clearinghouse, Interbank Market

FDIC Center for Financial Research Working Paper No. 2021-01 
Tetyana Balyuk, Nagpurnanand Prabhala and Manju Puri 

Video: 

This Version: September 2021
Previously circulated as “Indirect Costs of Government Aid and Intermediary Supply Effects: Lessons from the Paycheck Protection Program”

We study the delivery of subsidized financing to small firms through the Paycheck Protection Program (PPP). Smaller firms are less likely to gain early PPP access, an effect attenuated in small banks and firms with prior lending relationships. Their more even treatment offers a new rationale, beyond traditional soft information arguments, for why small businesses pair with small banks. We also detect a “funding hesitancy” in PPP uptake by small businesses, partly reflecting their wariness of the extensive, subjective government powers to investigate PPP recipients. We discuss the implications of the results for research and policies on small business financing.

JEL Code: G32, G38, H81, E61
Keywords: Bank Relationships, Covid-19, Coronavirus, Paycheck Protection Program, PPP, SBA, Small Business Lending

The Center for Financial Research (CFR) Working Paper Series allows CFR staff and their coauthors to circulate preliminary research findings to stimulate discussion and critical comment. Views and opinions expressed in CFR Working Papers reflect those of the authors and do not necessarily reflect those of the FDIC or the United States. Comments and suggestions are welcome and should be directed to the authors. References should cite this research as a “FDIC CFR Working Paper” and should note that findings and conclusions in working papers may be preliminary and subject to revision.

Last Updated: August 4, 2024

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  • Legal institutions and financial development
  • "Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development"--National Bureau of Economic Research web site.
  • Beck, Thorsten
  • Levine, Ross
  • National Bureau of Economic Research

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  • Cambridge, MA : National Bureau of Economic Research, c2004.
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Beck, Thorsten, Ross Levine, and National Bureau Of Economic Research. Legal Institutions and Financial Development . Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. https://www.loc.gov/item/2005615697/.

APA citation style:

Beck, T., Levine, R. & National Bureau Of Economic Research. (2004) Legal Institutions and Financial Development . Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://www.loc.gov/item/2005615697/.

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Beck, Thorsten, Ross Levine, and National Bureau Of Economic Research. Legal Institutions and Financial Development . Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. Retrieved from the Library of Congress, <www.loc.gov/item/2005615697/>.

  • DOI: 10.62517/jhve.202416108
  • Corpus ID: 271550484

Research on the Construction of Financial Accounting Courses based on SPOC Model

  • Published in Journal of Higher Vocational… 1 January 2024
  • Education, Business, Computer Science
  • Journal of Higher Vocational Education

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Cabinet paper released: Fit for purpose financial services reform

Russell McVeagh logo

Following the Government's consultation in May/June on options to reform certain aspects of financial services legislation (see our previous update here ), the Government has today released its Cabinet paper detailing its decisions.

The reforms relate to consumer credit legislation, financial services conduct legislation, financial services dispute resolution and the Financial Markets Authority's (FMA) regulatory powers. A summary of these changes is set out below.

The Cabinet paper notes that the Government is intending to introduce a Bill to the House in December 2024 that would implement these changes.

Please contact us if you would like a more detailed conversation about these reforms or next steps.

The key decisions in the paper are to:

Consumer credit legislation

  • Remove the director and senior manager due diligence duty (and related liability) under section 59B of the Credit Contract and Consumer Finance Act 2003 (CCCFA) for all consumer credit providers. This represents a departure in approach from the Deposit Takers Act 2023, under which directors will be subject to a due diligence duty to ensure compliance by the deposit taker with its prudential obligations.
  • Limit the effect of section 99(1A) (which provides that a borrower is not liable for the costs of borrowing in relation to a period of non-compliant section 17 (initial) or section 22 (agreed variation) disclosure), by requiring proof of actual harm arising from the non-compliance.
  • Consider further potential changes to CCCFA variation and pre-debt collection disclosure.

Financial services conduct legislation and FMA powers

  • Consolidate the market services licensing regime under the Financial Markets Conduct Act 2013 (FMCA) so that the FMA will be required to issue a single licence covering each class of market service provided by a licensee. This would also involve deeming existing market services licensees to hold a licence that covers each class of market service for which it is currently licensed.
  • Introduce a requirement for creditors under consumer credit contracts to be licensed by the FMA as a provider of that class of market service, remove the existing fit and proper certification regime under the CCCFA and deem creditors that currently hold a fit and proper certification and financial institutions (who are currently exempt from the requirement) to be licensed under the new regime.
  • Make some minor changes to simplify the minimum requirements for a financial institution's fair conduct programme under the FMCA conduct of financial institutions (COFI) regime.
  • Require market services licensees to obtain the FMA's approval of a change in control (rather than just notifying the FMA of the change, as is currently the case).
  • Grant the FMA the power to carry out an on-site inspection of a financial markets participant without notice.

Financial services dispute resolution

  • Amend the Financial Service Providers (Registration and Dispute Resolution) Act 2008 to introduce requirements in relation to independent reviews of the schemes (in particular, shifting conduct of these reviews away from the schemes themselves to an independent third party appointed by the responsible Minister).
  • Further consider issues relating to reporting metrics and improving access to and awareness of the schemes.

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financial research paper

  • Open access
  • Published: 05 September 2024

The creation of a pediatric surgical checklist for adult providers

  • Diana Ioana Rapolti 1 ,
  • Phyllis Kisa 2 ,
  • Martin Situma 2 ,
  • Elsa Nico 1 ,
  • Thom Lobe 1 ,
  • Thomas Sims 1 ,
  • Doruk Ozgediz 3 &
  • Greg Klazura 1  

BMC Health Services Research volume  24 , Article number:  1029 ( 2024 ) Cite this article

Metrics details

To address the need for a pediatric surgical checklist for adult providers.

Pediatric surgery is unique due to the specific needs and many tasks that are employed in the care of adults require accommodations for children. There are some resources for adult surgeons to perform safe pediatric surgery and to assist such surgeons in pediatric emergencies, we created a straightforward checklist based on current literature. We propose a surgical checklist as the value of surgical checklists has been validated through research in a variety of applications.

Literature review on PubMed to gather information on current resources for pediatric surgery, all papers on surgical checklists describing their outcomes as of October 2023 were included to prevent a biased overview of the existing literature. Interviews with multiple pediatric surgeons were conducted for the creation of a checklist that is relevant to the field and has limited bias.

Forty-two papers with 8,529,061 total participants were included. The positive impact of checklists was highlighted throughout the literature in terms of outcomes, financial cost and team relationship. Certain care checkpoints emerged as vital checklist items: antibiotic administration, anesthetic considerations, intraoperative hemodynamics and postoperative resuscitation. The result was the creation of a checklist that is not substitutive for existing WHO surgery checklists but additive for adult surgeons who must operate on children in emergencies.

The outcomes measured throughout the literature are varied and thus provide both a nuanced view of a variety of factors that must be taken into account and are limited in the amount of evidence for each outcome. We hope to implement the checklist developed to create a standard of care for pediatric surgery performed in low resource settings by adult surgeons and further evaluate its impact on emergency pediatric surgery outcomes.

Fulbright Fogarty Fellowship, GHES NIH FIC D43 TW010540.

Peer Review reports

Introduction

Surgery is a vital element of healthcare with the potential to cause serious harm when performed in an unsafe manner. A recent World Health Organization (WHO) survey estimates complications occur in about a quarter of surgical patients [ 1 ]. A large portion of cases in which those serious complications occur are preventable and are related to non-technical skills [ 2 ].

To reduce adverse events such as these, the WHO developed a Surgical Safety Checklist (SSC) in 2008. The checklist comprises three phases and 19 items addressing a variety of perioperative safety measures. The mechanism for improving surgical safety is two-fold: through direct action it standardizes what the team does for every procedure and indirectly it promotes a culture of safety in the operating room [ 3 ]. This checklist and others inspired by it have been implemented worldwide with a variety of results.

There is heterogeneity in terms of outcomes studied, however, overall multiple papers suggest that checklists are beneficial: decreasing cost, complications and mortality while improving teamwork and communication. The current literature also highlights the importance of staff perception of SSC with staff attitudes towards SSC affecting how often it is utilized and how it is altered to better adapt to their context [ 4 ].

As the focus of research on surgical checklists has increasingly shifted to include more tailored checklists, their application in pediatric surgery remains largely unexplored. This gap in the literature is of particular importance as it could assist adult surgeons who often must operate on children in emergency circumstances. This is especially true in rural settings and in low- and middle-income countries (LMIC) like Uganda where general surgeons perform the majority of general pediatric surgeries [ 5 , 6 ]. In the USA as many as 40% of all pediatric inpatient surgical procedures are performed in adult hospitals [ 7 ]. Furthermore, children are far more complex than just smaller adults yet the WHO SSC does not consider and fully address the intricacies of pediatric surgery. Given the potential worldwide impact of a pediatric surgery checklist for adult general surgeons, we reviewed existing literature on surgical checklists and created a fundamental checklist that surgeons in a variety of resource settings can utilize. Resuscitation, consent, pain control and postoperative care for pediatric patients all require special consideration when the adult surgeon is called to operate on a child. Low and high resource settings may contract or expand this checklist based on their resources and needs. This essential checklist of considerations serves as a guide for adult surgeons needing to operate on children.

The literature review was conducted using PubMed and the University of Illinois library. Papers with text words and subject headings including “surgical checklist” were identified and reviewed. Reference lists from papers identified in the PubMed search were also reviewed and included when appropriate.

We used “surgical checklist” as the keyword search due to the limited availability of pediatric specific checklists and our desire to evaluate all existing papers evaluating checklists’ outcomes to learn the process of creating an effective checklist from them. Two studies out of 42 explicitly mentioned pediatric surgery cases, multiple papers did include patients of all ages however did not provide exact breakdowns. D.R. and E.N. performed independent review of the existing literature for qualifying studies which were then discussed with G.K. to ensure they fit inclusion criteria. We included all papers Jan 2008-October 2023 on the topic. All authors reviewed the list of included papers.

Pediatric surgeons at the University of Illinois at Chicago (UIC) Division of Pediatric Surgery and the Paediatric Surgical Foundation of Uganda (PSFU) identified checklist items that they felt were both vital and specific to pediatric general surgery. Dr. Phyllis Kisa from Mulago National Referral Hospital and Dr. Martin Situma from Mbarara Regional Referral Hospital in Uganda participated in the creation of this checklist and provided valuable insight into its potential real world application in LMICs from their own clinical experience. Dr. Lobe, Dr. Sims, and Dr. Rojnica from the UIC Division of Pediatric Surgery also helped create checklist items they deemed essential for adult surgeons performing pediatric surgery in their setting.

We then integrated checklist items from UIC and PSFU with key findings from our comprehensive literature review to create three age appropriate, contextually adaptable checklists for pediatric surgery.

The majority of papers reviewed employed the WHO SSC and its specific adaptations. (Table 1 ) [ 8 ]. No existing pediatric surgery checklists were identified in our review of the literature.

Checklist effect on complications and mortality

Checklists have been shown to reduce postoperative complications, including SSI and mortality. The WHO SSC specifically targets mortality [ 9 , 21 ], SSI [ 12 ], pneumonia [ 51 ], return to the operating room [ 14 ], urinary tract infection, intubation, and sepsis [ 29 ]. The WHO SSC has shown positive changes in regards to all of these targets [ 45 , 52 ]. Thromboembolism (DVT), however, was not a target. Investigations have shown that although the WHO SSC does affect measures like mortality and SSI it does not affect postoperative measures of safety and quality that are not targeted, like DVT [ 51 ]. Maternal sepsis rates were also found to be reduced with the use of the WHO SSC with adherence negatively correlating with sepsis rates [ 11 ]. Further, there is evidence that intraoperative blood loss and incidence of postoperative intestinal fistula formation was lower with the SSC [ 15 ]. Impact on mortality and SSI has been suggested to be more significant in emergency settings in low and middle income countries [ 18 , 19 ].

Checklist effect on teamwork, communication, and culture of safety

The impact of SSC implementation on teamwork and communication was almost unanimously positive across all the studies. After SSC intervention, Molina et al. [ 53 ] reported improvements in team discussions, physician receptiveness to quality improvements, and overall communication by 15%, 9%, and 11.9%, respectively [ 53 ]. Zingiryan et al. [ 54 ] reported improved communication in 76.4% of participants [ 54 ]. White et al. (2018) reported improved teamwork and communication in 91% and 89% of participants [ 55 ]. Tan et al. (2021) reported improved communication in 85% of participants [ 56 ]. One study, however, stood out as an exception; it demonstrated that while nurses and anesthesiologists experienced significantly fewer communication failures, surgeons found no difference in communication with SSC use [ 57 ]. Despite this outlier, other studies note that although nursing staff involvement is especially important for compliance, support from surgeons is also critical [ 58 , 59 , 60 , 61 , 62 ]. Notably, safety culture also improved and was likely correlated with fidelity to a checklist [ 63 ]. However, that fidelity appeared to be compromised when staff perceived the checklists as “add ons” [ 64 ].

Checklist financial impact

Few studies investigated the financial impact of SSC; however, those that did noted SSC implementation was a cost effective health intervention. Checklist implementation costs, length/cost of hospital stay, blood transfusion, antibiotics used in the OR, the cost of OR time, and the economic gain from additional years of life expectancy were considered in studies that did evaluate the financial impact of SSC. In their single-center assessment, Healey et al. (2020) determined that for every 100 admissions the SSC cost $900 to implement but saved $55,899 overall [ 10 ]. Yu et al. (2020) discovered significantly lower hospitalization costs while Haugen et al. [ 20 ] witnessed a 40% reduction in blood transfusion costs with implementation of the SSC [ 15 , 20 ]. The SSC incremental cost-effectiveness ratio (ICER) for one year of life loss averted was $31–118 and for every $1 spent on checklist implementation $9–62 was saved [ 65 ].

Checklist creation

Research indicates that checklists perform best when they are targeted, simple, and contextually appropriate [ 38 , 66 ]. Almeida et al. (2021) analyzed all surgeries performed at their hospital or in their country to gain a more comprehensive view of SSC impact [ 12 ]. Their findings highlighted the need for a tailored checklist [ 12 , 66 ]. Others found that involving hospital staff in checklist creation helps create a contextually appropriate checklist [ 38 ].

Although contextually appropriate checklists are best, this of course has its limits. A checklist made for just one setting has more limited utility. With this in mind, using findings from our literature review, and receiving input from pediatric surgeons in HICs and LMICs we created three age specific, adaptable, general pediatric surgery checklists: Neonatal, Infant, and Toddler/Child.

These checklists have room for contextually-appropriate modifications depending on the operation and resources available. Below is the Neonatal checklist as an example. All three checklists are also located in the appendix.

We also determined that there are important points on neonatal, infant, and child physiology that the provider should be aware of prior to following the checklist, administering resuscitation, and delivering anesthesia (Appendix 2). This information complements the checklists and should serve as a reference for providers who care for the sick surgical child. Broselow Tape is an additional reference that can be used to estimate appropriate tube sizes, medication doses, and defibrillator shock doses but its accuracy has been shown to be limited in recent studies [ 67 ].

Pediatric surgery checklist (Appendix 1)

Resuscitation [ 68 ]

Access as large bore as able to place: 24 gauge for neonates, 22 gauge for infants,

Weigh neonate

Initial bolus resuscitation with crystalloid fluids: 10–20 cc/kg (0.9% NaCl or LR)

Maintenance fluid rate by weight using the 4–2-1 rule

Urine output:

 < 1 year: 2–3 cc/kg/hr

1–3 years: 1.5–2 cc/kg/hr

 > 3 years: 1–1.5 cc/kg/hr

Lab value targets

Potassium > 3.7

Bicarb > 28

HGB > 10

If bowel is resected it will lower HBG and more transfusion may be required

Achieve normothermia—use skin to skin contact, heating blankets, and warm saline to maintain the neonate’s temperature between 36.5 and 37.5 degrees celsius [ 69 ]

Abdominal concerns

Perform a digital rectal exam

Decompress the neonate with an NG tube

Concern for sepsis? If yes then IV antibiotics such as penicillin/ampicillin and gentamicin [ 70 , 71 , 72 ]

Weight-based dosing according to institution protocols

Pain Control [ 68 ]

Weight-based per institution protocols and available medications (paracetamol, morphine etc.)

Do NOT use NSAIDS for patients with age < 6 months, asthma, systemic steroids and bleeding disorders

Do NOT use Aspirin for patients with age < 12 years

Consent obtained from legal guardian

Preop and Anesthesia [ 73 ]

Parents educated on patient’s condition, procedure, and expectations in culturally appropriate and sensitive manner

Size appropriate pediatric monitoring equipment available and functioning

Size appropriate pediatric respiratory equipment available and functioning

Avoid Halothane if possible [ 68 ]

Breast Milk up to 4 h before scheduled procedure

Clear Liquids up to 2 h before scheduled procedure

Formula and Solids up to 6 h before scheduled procedure

Endotracheal tube size

Use little finger as a measure

Perioperative Anxiety (most prevalent ages 1–5 y/o) [ 74 ]

Mother present if possible, to soothe child—even during induction if necessary

Oral midazolam administered if necessary

Surgery [ 68 , 73 ]

Formulate plan for maintaining child’s temperature during the operation

Adjust electrocautery and laparoscopic insufflation settings for patient size, weight and age, place grounding away from site of surgery or potential spillage

Laparoscopic insufflation settings for patient size, weight and age

Weight based dosing of prophylactic antibiotics

Post-operative [ 68 , 73 ]

Antiemetics available

Parent/guardian present to help differentiate pain from anxiety.

Avoid overdistention of stomach if mask ventilation necessary

Post-operative fluid status assessed

Research focusing on a variety of surgical subspecialties including general surgery, neurosurgery, plastic surgery, otolaryngology, orthopedics have shown the positive impact of checklists on clinical outcomes [ 3 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 24 , 29 , 30 , 31 , 33 , 34 , 35 , 36 , 39 , 40 , 42 , 43 , 44 , 46 , 47 , 49 , 50 ]. The evidence for checklist impact overall, however, is quite heterogeneous in terms of outcomes studied and the estimated magnitude of the impact of the checklist. Table 1 attached in the appendix displays the current literature on checklists and shows this variation in existing literature. Nevertheless, the consensus impact of SSC remains generally positive.

One challenge in evaluating checklist implementation is that different research groups have investigated different post-surgical outcomes. Studies have focused on surgical site infections, in-hospital mortality, overall mortality, blood loss, reoperation, embolism and other adverse outcomes. Although this complicates the overall picture when comparing studies and some types of post-surgical outcome have limited evidence, it also provides a more complete description of the many elements that might be improved through the use of the SSC.

Another critical element of SSC use explored throughout the literature is the variability in adherence and attitudes towards SSC and their impact on clinical outcomes. Overall, staff attitudes are critical for utilization compliance [ 58 ]. This perhaps suggests that regular training and education on the purpose of SSC are important for engagement of the team. Training should specifically target collaboration with the surgical team since their cooperation is the most commonly cited obstacle to successful implementation [ 60 ]. These trainings should also have implementation procedures which consider previous experiences and feedback in order to most effectively create a culture of safety. When implementing a SSC it is also important to consider the burden on a workforce in under-resourced settings that is often stretched too thin. Ultimately, SSC’s should not create more work but rather decrease workload through improved patient outcomes.

Although a majority of providers have positive opinions of surgical checklists, there remains a gap in knowledge about their use. In order to bridge this gap there is some evidence that digital SSC displayed on OR monitors increases engagement and accessibility. Many settings, however, do not have an OR computer monitor and efforts to bridge this gap must be made elsewhere [ 61 ]. As with the consideration of not creating more work it is vital to adapt these findings to the local resources as the goal of the SSC is to standardize surgical care and provide guidance.

Towards the goal of providing standardized guidance for pediatric patients, Ugandan pediatric surgeons also developed the Pediatric Emergency Surgery Course (PESC). It is a three day course targeted at rural general surgeons and healthcare providers [ 75 ]. Similar to this checklist the course aims to improve resuscitation and referral patterns for complex surgical conditions such as high anorectal malformations. It also aims to increase provider confidence treating less complex conditions such as pyloric stenosis. The course has been reviewed favorably, demonstrating statistically significant improvements in provider knowledge [ 75 ]. In the future, checklist implementation could coincide with educational interventions such as the PESC. Not only should future work coincide with contextually appropriate training but also investigations and feedback should be gathered from providers who use the checklist so improvements can be made.

As stakeholders improve surgical outcomes and safety locally and globally special consideration should be given to pediatric surgery checklists. Surgical disease represents roughly 28% of the world’s burden of disease [ 76 ]. This burden disproportionately affects children in LMICs; up to 85% of children in LMICs have a surgically-treatable condition by age 15 [ 77 , 78 ]. The lack of a pediatric surgery checklist for any setting further demonstrates the need and potential benefits of a pediatric surgery checklist that can be adapted for different resource levels. Further research on the topic is necessary especially regarding the differences between implementing such a checklist in HIC and LMIC hospitals. As the first checklist seeking to inform surgical care on children for providers without significant specialized training and in urgent, and often resource limited settings, it is important to evaluate its implementation and effectiveness for adult general surgeons.

Although this checklist had input from pediatric surgeons in HICs and LMICs, UIC, Mulago and Mbarara were the only institutions represented in its creation. Our pediatric checklist seeks to integrate as much knowledge from the pediatric surgeons involved in its creation, however it is limited to their experiences and the resources available in their institutions. We acknowledge that other checklists exist already and some may argue against the utility of this checklist and its specificity to pediatric general surgery. It has however been shown throughout this paper that specific checklists have a role to play in different surgical subspecialties, thus supporting our work in the creation of this framework for pediatric general surgery [ 74 , 79 , 80 , 81 , 82 , 83 ].

We have sought to create a comprehensive checklist with input from multiple pediatric surgeons. from both high and low resource settings. We acknowledge that SCC implementation is a process in itself requiring multidisciplinary review and feedback. Effective implementation requires adaptation to specific context in order to achieve local buy-in. We have had extensive conversations with surgeons in high and low resource settings to determine the best way of making this checklist easily adaptable regardless of resource availability. Our cross cultural checklist based on a comprehensive literature review illustrates the importance of adapting checklists to local practices to enhance them instead of implementing a generic checklist. The aim of the pediatric SCC is ultimately to enhance current practice and fill in gaps which exist in pediatric surgery by creating a framework that is both standardized and flexible to the context.

This iteration was based on a panel of pediatric surgeons from different resource levels. A next step would be to obtain multidisciplinary feedback from other providers such as nurses, anesthesiologists during the implementation portion of this checklist.

Although there exist books with pediatric surgery considerations, a concise checklist indicating clear actions that are important for providers is necessary for settings with limited resources. Countries such as Uganda with few pediatric surgeons, general surgeons are required to fill the gaps and provide care to children without a clear standard of care. The next step for standardizing pediatric surgical care in resource limited settings would be evaluating the effectiveness of our pediatric surgery checklist in practice by adult general surgeons in a variety of settings in HICs and LMICs.

The benefits of surgical checklists are far reaching: improved teamwork, communication, clinical outcomes, and patient safety all while saving hospitals and patients money. Keeping in mind that checklists are most effective when they are tailored to the context and the patient, we created three general pediatric surgery checklists that can be adapted to different settings based on resource availability and specific needs. This is the first set of checklists developed specifically for pediatric surgery and providers should carefully weigh their benefits as they consider how to appropriately use them in their practice. This peer reviewed checklist steeped in robust literature review is a critical first step in further standardization of pediatric surgical care and highlights the most important considerations in pediatric surgery in a way that is accessible and concise for general surgeons to use in their practice.

Availability of data and materials

Literature review performed with materials from the University of Illinois library.

Safe surgery saves lives frequently asked questions. World Health Organization; 2014. http://www.who.int/patientsafety/safesurgery/faq_introduction/en/ .

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Acknowledgements

University of Illinois at Chicago Department of Surgery, Mulago National Referral Hospital.

Greg Klazura received funding from Fulbright Fogarty Fellowship (GHES NIH FIC D43 TW010540).

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D.R. wrote the main manuscript text and prepared the figures with guidance from G.K.. D.R. and E. N. performed literature review, all papers were discussed with G.K.. P.K., M.S, T.L., T.S. and D.O. contributed valuable insight into important considerations for pediatric surgery. P.K. and M.S. provided guidance on how to adapt checklist to low resource settings and the needs of surgeons in LMICs. E.N. contributed to the background of the main manuscript text. All authors reviewed the manuscript.

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Rapolti, D.I., Kisa, P., Situma, M. et al. The creation of a pediatric surgical checklist for adult providers. BMC Health Serv Res 24 , 1029 (2024). https://doi.org/10.1186/s12913-024-11405-1

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  23. Legal institutions and financial development

    "Why do some countries have growth-enhancing financial systems, while others do not? Why have some countries developed the necessary investor protection laws and contract-enforcement mechanisms to support financial institutions and markets, while others have not? This paper reviews existing research on the role of legal institutions in shaping financial development"--National Bureau of ...

  24. Research on the Construction of Financial Accounting Courses based on

    This paper will propose specific construction paths and implementation ideas from the perspectives of curriculum design, teaching methods, and evaluation strategies, with a view to effectively achieving the reform goals of the financial accounting curriculum. ... @article{Wang2024ResearchOT, title={Research on the Construction of Financial ...

  25. Cabinet paper released: Fit for purpose financial services reform

    Amend the Financial Service Providers (Registration and Dispute Resolution) Act 2008 to introduce requirements in relation to independent reviews of the schemes (in particular, shifting conduct of ...

  26. The creation of a pediatric surgical checklist for adult providers

    Interviews with multiple pediatric surgeons were conducted for the creation of a checklist that is relevant to the field and has limited bias. Forty-two papers with 8,529,061 total participants were included. The positive impact of checklists was highlighted throughout the literature in terms of outcomes, financial cost and team relationship.