首页 > 最新文献

Journal of Eastern European and Central Asian Research (JEECAR)最新文献

英文 中文
Auditor rotation impact on auditor independence and its implication on auditor performance 审计师轮换对审计师独立性的影响及其对审计师绩效的影响
Pub Date : 2024-04-06 DOI: 10.15549/jeecar.v11i2.1632
E. Suhayati, John R. Dilyard
This study aims to determine how much auditor rotation affect auditor independence and its implications for auditor performance. The method used in this study are descriptive and verification methods with path analysis, data processed using the SPSS program. The results of this study indicate Auditor Rotation Affect Auditor Independence and Auditor Independence Has Implications for Auditor Performance, with the reason, if the auditor rotation is carried out consistently, the level of auditor independence is high so that the auditor's performance is optimal.. The higher the independence, the better the auditor's performance. People are increasingly trusting to use the services of a public accounting firm. Independence is the backbone of the auditor's profession, auditor rotation in many countries is important to implement such as in Jordan, Libya and other developing countries. Auditor performance is a tool to measure auditor performance, which begins with instilling attitudes that are not controlled by other parties, one of which is through audit0r rotation, auditor rotation is needed as a basis to prevent a special relationship between management and the auditor as a result of long assignments.
本研究旨在确定审计师轮换对审计师独立性的影响程度及其对审计师绩效的影响。本研究采用的方法是描述性方法和验证性方法,并进行路径分析,使用 SPSS 程序处理数据。研究结果表明,审计师轮换影响审计师独立性,审计师独立性对审计师绩效有影响,原因是如果审计师轮换持续进行,审计师独立性水平高,审计师的绩效就会最佳。独立性越高,审计师的绩效就越好。人们越来越信任使用公共会计师事务所的服务。独立性是审计师职业的支柱,在许多国家,审计师轮换制的实施非常重要,如约旦、利比亚和其他发展中国家。审计师绩效是衡量审计师绩效的工具,首先要灌输不受其他方面控制的态度,其中之一就是通过审计师轮换,审计师轮换需要作为防止管理层与审计师之间因长期任务而产生特殊关系的基础。
{"title":"Auditor rotation impact on auditor independence and its implication on auditor performance","authors":"E. Suhayati, John R. Dilyard","doi":"10.15549/jeecar.v11i2.1632","DOIUrl":"https://doi.org/10.15549/jeecar.v11i2.1632","url":null,"abstract":"This study aims to determine how much auditor rotation affect auditor independence and its implications for auditor performance. The method used in this study are descriptive and verification methods with path analysis, data processed using the SPSS program. The results of this study indicate Auditor Rotation Affect Auditor Independence and Auditor Independence Has Implications for Auditor Performance, with the reason, if the auditor rotation is carried out consistently, the level of auditor independence is high so that the auditor's performance is optimal.. The higher the independence, the better the auditor's performance. People are increasingly trusting to use the services of a public accounting firm. Independence is the backbone of the auditor's profession, auditor rotation in many countries is important to implement such as in Jordan, Libya and other developing countries. Auditor performance is a tool to measure auditor performance, which begins with instilling attitudes that are not controlled by other parties, one of which is through audit0r rotation, auditor rotation is needed as a basis to prevent a special relationship between management and the auditor as a result of long assignments.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"12 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140735888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Psychological inflation: Definition and measurement 心理膨胀:定义和测量
Pub Date : 2024-04-06 DOI: 10.15549/jeecar.v11i2.1611
Thi Thanh Xuan Pham, Thi Canh Nguyen, Huu Tin Ho
Conventional monetary policy tools became less effective, with nominal short-term interest rates approaching the zero-lower bound during COVID-19. Instead, central banks adopted a range of unconventional monetary policies. Thus, perceived inflation has become a key channel for monetary policy transmission. Despite how vital perceived inflation is, quantifying perceived inflation with accuracy remains questionable and challenging. As a result, we focus on developing a novel measurement of perceived inflation - the psychological inflation index. Our approach is based on psychological theories and considers loss aversion, which creates advancements to previous versions. The new index satisfies many expected criteria: (i) it broadly co-moves with the headline inflation index during everyday contexts; (ii) it captures abnormal price evolution better than headline inflation during crisis periods; (iii) it links tightly with monetary policy and economic dynamics. Psychological inflation, therefore, might be helpful in forecasting headline inflation, estimating real interest rates, predicting economic players' behavior, and setting salaries and prices. Psychological inflation, combined with headline inflation, provides a clearer picture of the credibility of monetary policy.
在 COVID-19 期间,常规货币政策工具变得不那么有效,名义短期利率接近零下限。相反,中央银行采取了一系列非常规货币政策。因此,感知通胀已成为货币政策传导的关键渠道。尽管感知通胀如此重要,但准确量化感知通胀仍是一个问题和挑战。因此,我们专注于开发一种新的感知通胀测量方法--心理通胀指数。我们的方法以心理学理论为基础,并考虑了损失规避因素,比之前的版本有所进步。新指数符合许多预期标准:(i) 在日常情况下,心理通胀指数与总体通胀指数大致同步变动;(ii) 在危机时期,心理通胀指数比总体通胀指数更能捕捉价格的异常演变;(iii) 心理通胀指数与货币政策和经济动态密切相关。因此,心理通胀可能有助于预测总体通胀、估算实际利率、预测经济参与者的行为以及制定工资和价格。心理通胀与总体通胀相结合,可以更清晰地反映货币政策的可信度。
{"title":"Psychological inflation: Definition and measurement","authors":"Thi Thanh Xuan Pham, Thi Canh Nguyen, Huu Tin Ho","doi":"10.15549/jeecar.v11i2.1611","DOIUrl":"https://doi.org/10.15549/jeecar.v11i2.1611","url":null,"abstract":"Conventional monetary policy tools became less effective, with nominal short-term interest rates approaching the zero-lower bound during COVID-19. Instead, central banks adopted a range of unconventional monetary policies. Thus, perceived inflation has become a key channel for monetary policy transmission. Despite how vital perceived inflation is, quantifying perceived inflation with accuracy remains questionable and challenging. As a result, we focus on developing a novel measurement of perceived inflation - the psychological inflation index. Our approach is based on psychological theories and considers loss aversion, which creates advancements to previous versions. The new index satisfies many expected criteria: (i) it broadly co-moves with the headline inflation index during everyday contexts; (ii) it captures abnormal price evolution better than headline inflation during crisis periods; (iii) it links tightly with monetary policy and economic dynamics. Psychological inflation, therefore, might be helpful in forecasting headline inflation, estimating real interest rates, predicting economic players' behavior, and setting salaries and prices. Psychological inflation, combined with headline inflation, provides a clearer picture of the credibility of monetary policy.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"31 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140734293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Socio-economic development of tourist destinations: A cross-country analysis 旅游目的地的社会经济发展:跨国分析
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1442
Olena Stryzhak, Ľuboš Cibák, Mikuláš Sidak, Volodimyr Yermachenko
The study aims to investigate the characteristics of socio-economic development in the context of countries’ tourism advancement. The paper analyzes the Travel & Tourism Development Index (TTDI) and the Happiness Rating (HR). The sample covers data from 102 countries for the year 2021. The analysis showed that there are differences in the relationships between TTDI and HR, as well as their sub-indices, among groups of countries distributed according to income level. The research methodology includes the use of such methods as correlation analysis to determine the relationships between indicators like factor analysis to identify the degree of indicators' influence on the sample and a graphical method to visualise the analysis results. The study uses the World Bank approach to classify countries into income groups. The study confirms that a country's welfare level is one factor that determines patterns in various areas, including tourism.
本研究旨在调查各国旅游业发展背景下的社会经济发展特征。本文分析了旅行与旅游发展指数(TTDI)和幸福指数(HR)。样本涵盖了 102 个国家 2021 年的数据。分析表明,根据收入水平分布的国家组之间,TTDI 和 HR 及其子指数之间的关系存在差异。研究方法包括使用相关分析等方法来确定指标之间的关系,如使用因子分析来确定指标对样本的影响程度,以及使用图形方法来直观显示分析结果。研究采用世界银行的方法将国家划分为收入组。研究证实,一个国家的福利水平是决定包括旅游业在内的各个领域模式的一个因素。
{"title":"Socio-economic development of tourist destinations: A cross-country analysis","authors":"Olena Stryzhak, Ľuboš Cibák, Mikuláš Sidak, Volodimyr Yermachenko","doi":"10.15549/jeecar.v11i1.1442","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1442","url":null,"abstract":"The study aims to investigate the characteristics of socio-economic development in the context of countries’ tourism advancement. The paper analyzes the Travel & Tourism Development Index (TTDI) and the Happiness Rating (HR). The sample covers data from 102 countries for the year 2021. The analysis showed that there are differences in the relationships between TTDI and HR, as well as their sub-indices, among groups of countries distributed according to income level. The research methodology includes the use of such methods as correlation analysis to determine the relationships between indicators like factor analysis to identify the degree of indicators' influence on the sample and a graphical method to visualise the analysis results. The study uses the World Bank approach to classify countries into income groups. The study confirms that a country's welfare level is one factor that determines patterns in various areas, including tourism.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"111 35","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139786650","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The effect of liquidity on firm’s performance: Case of Vietnam 流动性对公司业绩的影响:越南案例
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1344
Kim Quoc Trung Nguyen, Thi Hang Nga Phan, Nguyen Minh Hang
This paper aims to estimate the effect of liquidity on the profitability of firms listed on the Ho Chi Minh City Stock Exchange (HSX) in Vietnam during the COVID-19 outbreak. Using a quantitative research method (the feasible generalized least squares method - FGLS), six factors affecting the firms' performance from 2012 to 2021 are identified: COVID-19, the liquidity ratio, firm age, firm size, tangible assets, and gross domestic product growth. This paper has especially highlighted liquidity's negative and significant effect on firms' performance during the pandemic. Therefore, the study findings indicate that manufacturing firms with high liquidity during COVID-19 lose the opportunity to increase revenue due to funds tied to working capital that cannot be used to support the company's operations under the trade-off theory. Besides, high liquidity also increases the company's opportunity cost, which decreases company profitability. However, the study was conducted in a country with government intervention, political stability, and peace, unlike a country in a period of war and economic difficulties, such as Ukraine. Therefore, the article used a cross-country database for more generalizable results.
本文旨在估算 COVID-19 爆发期间流动性对越南胡志明市证券交易所(HSX)上市公司盈利能力的影响。利用定量研究方法(可行的广义最小二乘法--FGLS),确定了影响 2012 年至 2021 年公司业绩的六个因素:COVID-19、流动性比率、企业年龄、企业规模、有形资产和国内生产总值增长。本文特别强调了流动性在大流行病期间对企业绩效的负面显著影响。因此,研究结果表明,在 COVID-19 期间,高流动性的制造企业会失去增加收入的机会,原因是根据权衡理论,资金被捆绑在营运资本上,无法用于支持公司的运营。此外,高流动性还会增加公司的机会成本,从而降低公司的盈利能力。然而,研究是在一个政府干预、政治稳定、和平的国家进行的,与乌克兰等处于战争和经济困难时期的国家不同。因此,文章使用了跨国数据库,以获得更具普遍性的结果。
{"title":"The effect of liquidity on firm’s performance: Case of Vietnam","authors":"Kim Quoc Trung Nguyen, Thi Hang Nga Phan, Nguyen Minh Hang","doi":"10.15549/jeecar.v11i1.1344","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1344","url":null,"abstract":"This paper aims to estimate the effect of liquidity on the profitability of firms listed on the Ho Chi Minh City Stock Exchange (HSX) in Vietnam during the COVID-19 outbreak. Using a quantitative research method (the feasible generalized least squares method - FGLS), six factors affecting the firms' performance from 2012 to 2021 are identified: COVID-19, the liquidity ratio, firm age, firm size, tangible assets, and gross domestic product growth. This paper has especially highlighted liquidity's negative and significant effect on firms' performance during the pandemic. Therefore, the study findings indicate that manufacturing firms with high liquidity during COVID-19 lose the opportunity to increase revenue due to funds tied to working capital that cannot be used to support the company's operations under the trade-off theory. Besides, high liquidity also increases the company's opportunity cost, which decreases company profitability. However, the study was conducted in a country with government intervention, political stability, and peace, unlike a country in a period of war and economic difficulties, such as Ukraine. Therefore, the article used a cross-country database for more generalizable results.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139846861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Financial statements’ reliability affects firms’ performance: A case of Vietnam 财务报表的可靠性影响公司业绩:越南案例
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1432
Trung Nguyen Kim Quoc, Van Tran Hong, Tuan Le Van, Hang Nguyen Minh, Oanh Nguyen Thi Ngoc
This paper aims to estimate the effect of the reliability of financial statements on listed firms’ performance in Vietnam, especially on the Ho Chi Minh City Stock Exchange, from 2015 to 2022. Based on International Financial Reporting Standards, Generally Accepted Accounting Principles and theories, reliability is a key attribute of information quality in financial statements. Besides, using the quantitative method of feasible generalized least squares (FGLS), the findings show that reliability positively affects listed firms’ performance with a confidence interval of 95%. On the platform of agency theory, the reliability of financial statements is considered a tool to fulfill the duties and responsibilities of managers and the board of directors to external users, while stakeholder theory considers the advantages of the disclosure of reliable financial statements in terms of gaining performance.
本文旨在估算 2015 至 2022 年期间财务报表可靠性对越南(尤其是胡志明市证券交易所)上市公司业绩的影响。根据《国际财务报告准则》、《公认会计原则》和相关理论,可靠性是财务报表信息质量的关键属性。此外,利用可行广义最小二乘法(FGLS)的定量方法,研究结果表明可靠性对上市公司业绩有积极影响,置信区间为 95%。在代理理论的平台上,财务报表的可靠性被认为是管理者和董事会对外部用户履行义务和责任的工具,而利益相关者理论则认为披露可靠的财务报表对获得绩效有好处。
{"title":"Financial statements’ reliability affects firms’ performance: A case of Vietnam","authors":"Trung Nguyen Kim Quoc, Van Tran Hong, Tuan Le Van, Hang Nguyen Minh, Oanh Nguyen Thi Ngoc","doi":"10.15549/jeecar.v11i1.1432","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1432","url":null,"abstract":"This paper aims to estimate the effect of the reliability of financial statements on listed firms’ performance in Vietnam, especially on the Ho Chi Minh City Stock Exchange, from 2015 to 2022. Based on International Financial Reporting Standards, Generally Accepted Accounting Principles and theories, reliability is a key attribute of information quality in financial statements. Besides, using the quantitative method of feasible generalized least squares (FGLS), the findings show that reliability positively affects listed firms’ performance with a confidence interval of 95%. On the platform of agency theory, the reliability of financial statements is considered a tool to fulfill the duties and responsibilities of managers and the board of directors to external users, while stakeholder theory considers the advantages of the disclosure of reliable financial statements in terms of gaining performance.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139786662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
University Students and Teachers’ Experiences with Distance Education in Uzbekistan 乌兹别克斯坦大学生和教师的远程教育经验
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1282
D.R. Akhmedjanova, Irina Kerimova
This study has examined the experiences of students and teachers with distance education in Uzbekistan during the COVID-19 pandemic. Distance education is a new field in Uzbekistan, and evidence-based practices should be examined for its successful implementation. A convergent mixed-methods design was used, employing surveys and focus group interviews. The survey data was analyzed using descriptive and inferential statistics, and the focus group interview data was analyzed using thematic analysis. The results revealed that students and faculty had both positive and negative experiences with distance education, but also suggested that teachers were more self-efficacious in teaching online rather than students learning online. This exploratory study indicates that students need targeted instruction and support on studying online and self-regulate their learning. Teachers should participate in intensive professional learning workshops on materials design and pedagogical practices in online classes. Practical applications and ideas for future research are discussed.
本研究探讨了乌兹别克斯坦学生和教师在 COVID-19 大流行期间接受远程教育的经验。远程教育在乌兹别克斯坦是一个新领域,应研究以证据为基础的做法,以成功实施远程教育。本研究采用了趋同的混合方法设计,包括调查和焦点小组访谈。调查数据采用描述性和推论性统计方法进行分析,焦点小组访谈数据采用主题分析方法进行分析。结果显示,学生和教师对远程教育既有积极的体验,也有消极的体验,但同时也表明,教师在线教学的自我效能感比学生在线学习的自我效能感更强。这项探索性研究表明,学生在网上学习和自我调节学习方面需要有针对性的指导和支持。教师应参加有关在线课程教材设计和教学实践的强化专业学习研讨会。本研究还讨论了实际应用和未来研究的想法。
{"title":"University Students and Teachers’ Experiences with Distance Education in Uzbekistan","authors":"D.R. Akhmedjanova, Irina Kerimova","doi":"10.15549/jeecar.v11i1.1282","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1282","url":null,"abstract":"This study has examined the experiences of students and teachers with distance education in Uzbekistan during the COVID-19 pandemic. Distance education is a new field in Uzbekistan, and evidence-based practices should be examined for its successful implementation. A convergent mixed-methods design was used, employing surveys and focus group interviews. The survey data was analyzed using descriptive and inferential statistics, and the focus group interview data was analyzed using thematic analysis. The results revealed that students and faculty had both positive and negative experiences with distance education, but also suggested that teachers were more self-efficacious in teaching online rather than students learning online. This exploratory study indicates that students need targeted instruction and support on studying online and self-regulate their learning. Teachers should participate in intensive professional learning workshops on materials design and pedagogical practices in online classes. Practical applications and ideas for future research are discussed.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"12 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139846394","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Measuring healthcare efficiency in Kazakhstan: an application of data envelopment analysis 衡量哈萨克斯坦的医疗效率:数据包络分析的应用
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1428
A. Omir, Azimkhan Satybaldin, R. Ruzanov, Gulzhakhan Khajiyeva
The study aims to evaluate the efficiency of the Republic of Kazakhstan's healthcare sector over the period 2014-2021 using the non-parametric method of data envelope analysis. The analysis was carried out based on quantitative indicators of the medical statistics of the Republic of Kazakhstan. The study's results prove that efficiency tends to change over the medium term. Simultaneously, implementing digital technologies based on the computerisation and digitalisation of the healthcare sector in the short term is revealed to reduce overall efficiency, but that efficiency increases in the long term. The events of the COVID-19 pandemic did not reduce the overall efficiency of the healthcare sector in the Republic of Kazakhstan.
本研究旨在利用数据包络分析的非参数方法评估哈萨克斯坦共和国 2014-2021 年期间医疗保健部门的效率。分析以哈萨克斯坦共和国医疗统计的定量指标为基础。研究结果证明,效率在中期内会发生变化。同时,在短期内实施基于医疗保健部门计算机化和数字化的数字技术会降低总体效率,但从长期来看效率会提高。COVID-19 大流行并没有降低哈萨克斯坦共和国医疗保健部门的整体效率。
{"title":"Measuring healthcare efficiency in Kazakhstan: an application of data envelopment analysis","authors":"A. Omir, Azimkhan Satybaldin, R. Ruzanov, Gulzhakhan Khajiyeva","doi":"10.15549/jeecar.v11i1.1428","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1428","url":null,"abstract":"The study aims to evaluate the efficiency of the Republic of Kazakhstan's healthcare sector over the period 2014-2021 using the non-parametric method of data envelope analysis. The analysis was carried out based on quantitative indicators of the medical statistics of the Republic of Kazakhstan. The study's results prove that efficiency tends to change over the medium term. Simultaneously, implementing digital technologies based on the computerisation and digitalisation of the healthcare sector in the short term is revealed to reduce overall efficiency, but that efficiency increases in the long term. The events of the COVID-19 pandemic did not reduce the overall efficiency of the healthcare sector in the Republic of Kazakhstan.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"48 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139846591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The value premium in the Vietnamese equity market 越南股票市场的价值溢价
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1549
Le Quy Duong
In recent decades, the Efficient Market Hypothesis has been the subject of debate among professionals and academics. In this hypothesis, the value premium is a key aspect that challenges market efficiency. The main objective of this study is to comprehensively investigate the value versus growth anomaly in the Vietnamese market between 2013 and 2023. Based on the empirical data, value portfolios have yielded a greater average return than growth portfolios in the Vietnamese stock market during this period. Although their levels of market risk (measured by beta) are nearly the same, the added-risk level of value portfolios is substantially higher than growth portfolios. Therefore, the value premium in Vietnam is compensated for bearing a higher risk level, consistent with the risk-based explanation.
近几十年来,"有效市场假说 "一直是专业人士和学者争论的主题。在这一假说中,价值溢价是挑战市场效率的一个关键方面。本研究的主要目的是全面调查 2013 年至 2023 年越南市场的价值与增长反常现象。根据实证数据,在此期间,价值投资组合在越南股票市场的平均回报率高于增长投资组合。虽然两者的市场风险水平(以贝塔系数衡量)几乎相同,但价值投资组合的附加风险水平大大高于成长投资组合。因此,越南的价值溢价是对承担较高风险水平的补偿,这与基于风险的解释是一致的。
{"title":"The value premium in the Vietnamese equity market","authors":"Le Quy Duong","doi":"10.15549/jeecar.v11i1.1549","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1549","url":null,"abstract":"In recent decades, the Efficient Market Hypothesis has been the subject of debate among professionals and academics. In this hypothesis, the value premium is a key aspect that challenges market efficiency. The main objective of this study is to comprehensively investigate the value versus growth anomaly in the Vietnamese market between 2013 and 2023. Based on the empirical data, value portfolios have yielded a greater average return than growth portfolios in the Vietnamese stock market during this period. Although their levels of market risk (measured by beta) are nearly the same, the added-risk level of value portfolios is substantially higher than growth portfolios. Therefore, the value premium in Vietnam is compensated for bearing a higher risk level, consistent with the risk-based explanation.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"30 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139846662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The value premium in the Vietnamese equity market 越南股票市场的价值溢价
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1549
Le Quy Duong
In recent decades, the Efficient Market Hypothesis has been the subject of debate among professionals and academics. In this hypothesis, the value premium is a key aspect that challenges market efficiency. The main objective of this study is to comprehensively investigate the value versus growth anomaly in the Vietnamese market between 2013 and 2023. Based on the empirical data, value portfolios have yielded a greater average return than growth portfolios in the Vietnamese stock market during this period. Although their levels of market risk (measured by beta) are nearly the same, the added-risk level of value portfolios is substantially higher than growth portfolios. Therefore, the value premium in Vietnam is compensated for bearing a higher risk level, consistent with the risk-based explanation.
近几十年来,"有效市场假说 "一直是专业人士和学者争论的主题。在这一假说中,价值溢价是挑战市场效率的一个关键方面。本研究的主要目的是全面调查 2013 年至 2023 年越南市场的价值与增长反常现象。根据实证数据,在此期间,价值投资组合在越南股票市场的平均回报率高于增长投资组合。虽然两者的市场风险水平(以贝塔系数衡量)几乎相同,但价值投资组合的附加风险水平大大高于成长投资组合。因此,越南的价值溢价是对承担较高风险水平的补偿,这与基于风险的解释是一致的。
{"title":"The value premium in the Vietnamese equity market","authors":"Le Quy Duong","doi":"10.15549/jeecar.v11i1.1549","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1549","url":null,"abstract":"In recent decades, the Efficient Market Hypothesis has been the subject of debate among professionals and academics. In this hypothesis, the value premium is a key aspect that challenges market efficiency. The main objective of this study is to comprehensively investigate the value versus growth anomaly in the Vietnamese market between 2013 and 2023. Based on the empirical data, value portfolios have yielded a greater average return than growth portfolios in the Vietnamese stock market during this period. Although their levels of market risk (measured by beta) are nearly the same, the added-risk level of value portfolios is substantially higher than growth portfolios. Therefore, the value premium in Vietnam is compensated for bearing a higher risk level, consistent with the risk-based explanation.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":" 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139786893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Business continuity of culinary SMEs: Empirical study of personal branding, corporate branding, open innovation, and competitive advantage 烹饪中小企业的业务连续性:个人品牌、企业品牌、开放式创新和竞争优势的实证研究
Pub Date : 2024-02-10 DOI: 10.15549/jeecar.v11i1.1383
Velwin Wibowo, I. G. So, E. Kuncoro, A. Bandur
This study aims to uncover the interaction of intangible resources in personal branding, corporate branding, and open innovation in shaping the competitive advantage and sustainability of culinary SMEs in developing countries. Financial moderation is a moderation variable in the relationship between competitive advantage and business continuity. Using a quantitative approach involving 216 respondents, this study with SEM PLS analysis has produced empirical information that knowledge and branding resources (personal and corporate) have convincingly influenced the formation of competitive advantage and business continuity. This study reinforces resource-based theory and practically becomes a strategic consideration for stakeholders related to culinary SMEs in maintaining their existence in a competitive dynamic.
本研究旨在揭示个人品牌、企业品牌和开放式创新中的无形资源在塑造发展中国家烹饪类中小企业的竞争优势和可持续性方面的相互作用。财务调节是竞争优势与业务持续性关系中的一个调节变量。本研究采用定量方法,涉及 216 名受访者,通过 SEM PLS 分析得出的经验信息表明,知识和品牌资源(个人和企业)对竞争优势和业务连续性的形成产生了令人信服的影响。这项研究强化了资源导向理论,并切实成为烹饪中小企业相关利益方在竞争动态中维持生存的战略考量。
{"title":"Business continuity of culinary SMEs: Empirical study of personal branding, corporate branding, open innovation, and competitive advantage","authors":"Velwin Wibowo, I. G. So, E. Kuncoro, A. Bandur","doi":"10.15549/jeecar.v11i1.1383","DOIUrl":"https://doi.org/10.15549/jeecar.v11i1.1383","url":null,"abstract":"This study aims to uncover the interaction of intangible resources in personal branding, corporate branding, and open innovation in shaping the competitive advantage and sustainability of culinary SMEs in developing countries. Financial moderation is a moderation variable in the relationship between competitive advantage and business continuity. Using a quantitative approach involving 216 respondents, this study with SEM PLS analysis has produced empirical information that knowledge and branding resources (personal and corporate) have convincingly influenced the formation of competitive advantage and business continuity. This study reinforces resource-based theory and practically becomes a strategic consideration for stakeholders related to culinary SMEs in maintaining their existence in a competitive dynamic.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":" 1060","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139787110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
期刊
Journal of Eastern European and Central Asian Research (JEECAR)
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1