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A Multivariate Analysis of the Links between Transport Noncompliance and Financial Uncertainty in Times of COVID-19 Pandemics and War

Author

Listed:
  • Kamer-Ainur Aivaz

    (Faculty of Economic Studies, Ovidius University of Constanta, Aleea Universitatii no.1, 900470 Constanta, Romania)

  • Ionela Florea Munteanu

    (Accounting Department, Bucharest University of Economic Studies, 1 Tache Ionescu Street, 010352 Bucharest, Romania)

  • Mari-Isabella Stan

    (Faculty of Law and Administrative Sciences, Ovidius University of Constanta, Aleea Universitatii No.1, 900470 Constanta, Romania)

  • Alina Chiriac

    (Accounting Department, Bucharest University of Economic Studies, 1 Tache Ionescu Street, 010352 Bucharest, Romania)

Abstract

Sanctions should improve business compliance and mitigate the risks of non-conformity. This premise motivated our research and led to very interesting results for the trinomen business performance—transport infrastructure and local development strategies—public control. We used a customized Brunswik lens model to illustrate the decision-making process based on the interactions between the analysis of sanctions in the transport sector and the projected financial judgement, as we have traditionally understood and experienced them. We clustered 186,671 cases of noncompliance sanctioned by the Romanian authorities and created a chromatic map with accents on the risks of nonconformities. We employed principal component analysis to find patterns and correlations between faulty behavior in transport activities and the evolution of financial indicators, such as exports and imports. The ROC curve was used to investigate the credibility of a possible connection between transport sanctions and the development of regional exports and imports. We found multiple challenges that interfere with the projection of a trustworthy financial judgement in transport and offer insights and recommendations for integrated local governance practices and strategies aimed at mitigating the risks of noncompliance and promoting sustainable development in transport.

Suggested Citation

  • Kamer-Ainur Aivaz & Ionela Florea Munteanu & Mari-Isabella Stan & Alina Chiriac, 2022. "A Multivariate Analysis of the Links between Transport Noncompliance and Financial Uncertainty in Times of COVID-19 Pandemics and War," Sustainability, MDPI, vol. 14(16), pages 1-23, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:10040-:d:887467
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    References listed on IDEAS

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    Cited by:

    1. Ionela Munteanu & Flavius Valentin Jakubowicz, 2022. "A Bibliometric Analysis of Scientific Accounting Studies Concerning Fiscal Topics," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 920-926, Decembrie.
    2. Alina (Chiriac) Matei & Kamer-Ainur Aivaz, 2023. "Exploratory Analysis of Assets Nonconformities in Financial Statements," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 978-985, August.
    3. Alina (Chiriac) Matei & Kamer-Ainur Aivaz, 2023. "A Bibliometric Analysis on Fraud in Accounting," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 986-995, August.
    4. Adriana Grigorescu & Oana Oprisan & Cristina Lincaru & Camelia Speranta Pirciog, 2023. "E-Banking Convergence and the Adopter’s Behavior Changing Across EU Countries," SAGE Open, , vol. 13(4), pages 21582440231, December.

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