Browsing by Author "Phaneth Chheng"

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    Exposure to Technology by Learners during COVID-19 and Its Benefits for their Careers in the Post-COVID-19 Context
    (November 15, 2024) Sita An; Phaneth Chheng
    The COVID-19 pandemic has caused significant changes across various sectors worldwide, notably affecting teaching and learning practices in education. In Cambodia, the pandemic presented numerous challenges for students and teachers, primarily due to the limited use of technology in classrooms. However, despite these obstacles, some educational institutions seized the opportunity to enhance their use of technology. At the same time, teachers sought innovative ways to facilitate learning and help students engage with new educational methods.
  • No Thumbnail Available
    Item
    IFRS 9 Implementation and Bank Performance in Cambodia during the COVID-19 Pandemic
    (November 15, 2024) Casey Barnett; Vouthraboth Oum; Ubol Yon; Phaneth Chheng; Bunna Chhut; Narin Choeun
    IFRS 9 Financial Instruments introduced an expected loss model for recognizing loan loss provisions that recognize loan losses earlier than required by the previous standard IAS 39 Financial Instruments. Commercial banks in Cambodia were required to follow IFRS 9 starting from January 1, 2019. This chapter analyzes the financial data of 25 banks for the years 2019–2023 to understand the impact of IFRS 9 expected credit losses on bank performance and loan loss provisions. The chapter also provides a historical overview of bank loan provisioning in Cambodia, which may help future researchers understand a shift in Cambodian bank performance subsequent to IFRS 9 adoption in 2019. The global financial crisis of 2007–2009 saw the implosion of long-standing commercial banks, investment banks, and insurance companies, which had balance sheets inflated with worthless debt investments, especially securitized debt (Acharya et al., 2009). The collapse of these financial institutions was partly due to over-investment in risky financial assets, the losses of which were not recognized by the fair value accounting used at that time (Acharya et al., 2009). Earlier recognition of these losses could have supported institutions in shoring up capital (Gunn et al., 2018).