Pub Date : 2023-12-03DOI: 10.15549/jeecar.v10i7.1331
Saule Yolcu, Daniel Meyer
This article explores the phenomenon of consumers' impulsive buying behavior for online purchases and its influencing factors in an online context by analyzing previous research in this field. Impulsive purchases have increased in frequency in digital contexts due to the development of e-commerce and the COVID-19 pandemic. The study offers a framework for understanding impulsive purchasing behavior that considers its definition and the categories and variables influencing it. For the study's survey on impulsive purchases made online, 132 respondents in Kazakhstan participated. The study concentrated on internet shoppers between the ages of 18 and 37 who made irrational purchases. The study examined impulsivity, psychological perceptions, and social influence as factors impacting impulsive purchase behavior. External stimuli, such as marketing campaigns and the retail environment, were also considered. The results revealed insight into the survey respondents' demographic information, such as their gender, age, frequency of internet shopping, the kinds of things they bought, and whether they made planned or spontaneous purchases. Both marketers and consumers may improve their awareness of impulsive buying inclinations and inadvertent acquisition by being aware of the elements driving impulsive purchases in online environments. This will lead to better decision-making during online shopping experiences.
{"title":"Impulsive buying behaviour of consumers for online purchases in the city of Astana, Kazakhstan","authors":"Saule Yolcu, Daniel Meyer","doi":"10.15549/jeecar.v10i7.1331","DOIUrl":"https://doi.org/10.15549/jeecar.v10i7.1331","url":null,"abstract":"This article explores the phenomenon of consumers' impulsive buying behavior for online purchases and its influencing factors in an online context by analyzing previous research in this field. Impulsive purchases have increased in frequency in digital contexts due to the development of e-commerce and the COVID-19 pandemic. The study offers a framework for understanding impulsive purchasing behavior that considers its definition and the categories and variables influencing it. For the study's survey on impulsive purchases made online, 132 respondents in Kazakhstan participated. The study concentrated on internet shoppers between the ages of 18 and 37 who made irrational purchases. The study examined impulsivity, psychological perceptions, and social influence as factors impacting impulsive purchase behavior. External stimuli, such as marketing campaigns and the retail environment, were also considered. The results revealed insight into the survey respondents' demographic information, such as their gender, age, frequency of internet shopping, the kinds of things they bought, and whether they made planned or spontaneous purchases. Both marketers and consumers may improve their awareness of impulsive buying inclinations and inadvertent acquisition by being aware of the elements driving impulsive purchases in online environments. This will lead to better decision-making during online shopping experiences.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"88 26","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138606272","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}
Pub Date : 2023-12-03DOI: 10.15549/jeecar.v10i7.1412
Thuy Doan Thi Thanh, Le Hoai Viet
This study investigates the effects of self-efficacy, entrepreneurial passion, and role models on entrepreneurship intention. The research is conducted through a survey method and multivariate data analysis. Students at a number of universities in Vietnam were sent questionnaires to complete in order to gather data. 446 valid sample data were assessed using a structural equation model. The findings show that: entrepreneurship intention is positively influenced by self-efficacy; self-efficacy positively affects entrepreneurial passion; entrepreneurial passion strongly influences entrepreneurship intention; entrepreneurial passion mediates the relationship between self-efficacy and entrepreneurship intention; role models act as a moderator in the relationship between entrepreneurial passion and entrepreneurship intention. The study suggests measures that universities can create in specific contexts and cultures to support the business activities of university students. This will add positive energy for students to enter the entrepreneurial path as well as nurture creative talents Further research is encouraged using a longitudinal design to examine the determinants of entrepreneurship intention at two or more different points in time.
{"title":"Self-efficacy to entrepreneurship intention: Role of entrepreneurial passion and role models","authors":"Thuy Doan Thi Thanh, Le Hoai Viet","doi":"10.15549/jeecar.v10i7.1412","DOIUrl":"https://doi.org/10.15549/jeecar.v10i7.1412","url":null,"abstract":"This study investigates the effects of self-efficacy, entrepreneurial passion, and role models on entrepreneurship intention. The research is conducted through a survey method and multivariate data analysis. Students at a number of universities in Vietnam were sent questionnaires to complete in order to gather data. 446 valid sample data were assessed using a structural equation model. The findings show that: entrepreneurship intention is positively influenced by self-efficacy; self-efficacy positively affects entrepreneurial passion; entrepreneurial passion strongly influences entrepreneurship intention; entrepreneurial passion mediates the relationship between self-efficacy and entrepreneurship intention; role models act as a moderator in the relationship between entrepreneurial passion and entrepreneurship intention. The study suggests measures that universities can create in specific contexts and cultures to support the business activities of university students. This will add positive energy for students to enter the entrepreneurial path as well as nurture creative talents Further research is encouraged using a longitudinal design to examine the determinants of entrepreneurship intention at two or more different points in time.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"25 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138605807","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1240
Alla Shapovalova, Olesia Demianyshyna, Nataliia Kudlaieva, Mariia Plekan, Svitlana Skrypnyk
Given the instability of the economic environment, governments of even highly developed countries are facing the question of implementing changes to the VAT administration system. The study aims to analyse the specifics of VAT administration and accounting procedures in Western European countries based on the formation of criteria for the optimal administration model. The resulting criteria for the optimality of the VAT administration and accounting system serve as a basis for implementing changes to the current VAT administration models in the countries where this tax is not a key source of budget revenue yet, and for the countries that strive to increase the stability and volume of VAT revenues.
{"title":"The Value-Added Tax (VAT) administration benchmarking: A case study of Western European countries","authors":"Alla Shapovalova, Olesia Demianyshyna, Nataliia Kudlaieva, Mariia Plekan, Svitlana Skrypnyk","doi":"10.15549/jeecar.v10i5.1240","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1240","url":null,"abstract":"Given the instability of the economic environment, governments of even highly developed countries are facing the question of implementing changes to the VAT administration system. The study aims to analyse the specifics of VAT administration and accounting procedures in Western European countries based on the formation of criteria for the optimal administration model. The resulting criteria for the optimality of the VAT administration and accounting system serve as a basis for implementing changes to the current VAT administration models in the countries where this tax is not a key source of budget revenue yet, and for the countries that strive to increase the stability and volume of VAT revenues.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126029493","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1458
Rusudan Sulakadze
This article presents an empirical study on the effectiveness of Public-Private Partnerships (PPPs) in the water supply industry in Georgia. The study identifies vital and causal problems within the industry, including outdated infrastructure, lack of technical and financial resources in rural areas, absence of consolidated state policy, and insufficient state subsidies. Through a comprehensive assessment that considers economic, social, and environmental sustainability, as well as stakeholder perspectives, the study evaluates the relative importance of different PPP models. Findings indicate that the Build-Operate-Transfer (BOT) model is highly prioritized due to its reliance on private capital and the preservation of state control. The results contribute to evidence-based decision-making, enabling policymakers to design effective PPP frameworks that address the specific needs and characteristics of the water supply industry in Georgia.
{"title":"Importance of PPP in water supply sector in developing countries: The case of Georgia","authors":"Rusudan Sulakadze","doi":"10.15549/jeecar.v10i5.1458","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1458","url":null,"abstract":"This article presents an empirical study on the effectiveness of Public-Private Partnerships (PPPs) in the water supply industry in Georgia. The study identifies vital and causal problems within the industry, including outdated infrastructure, lack of technical and financial resources in rural areas, absence of consolidated state policy, and insufficient state subsidies. Through a comprehensive assessment that considers economic, social, and environmental sustainability, as well as stakeholder perspectives, the study evaluates the relative importance of different PPP models. Findings indicate that the Build-Operate-Transfer (BOT) model is highly prioritized due to its reliance on private capital and the preservation of state control. The results contribute to evidence-based decision-making, enabling policymakers to design effective PPP frameworks that address the specific needs and characteristics of the water supply industry in Georgia.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124758865","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1438
Supriyati, Harry Suharman, T. Supriadi
The primary objective of this study is to investigate the impact of business strategy and the use of Information Technology (IT) on the MSMEs performance in the ASEAN. By understanding the relationship between business strategy, use of IT, and MSMEs performance, the results of this study can explain aspects and indicators that can influence MSMEs performance improvement. The research methodology employed in this study is descriptive. Furthermore, the research design employed by the authors is a descriptive-analytical design incorporating primary and secondary data sources. The data collection techniques were surveys, questionnaires, and literature studies on ASEAN MSMEs. The analysis results indicate that business strategy and the utilization of Information Technology (IT) have a positive and significant impact on the performance of MSMEs in the ASEAN region. MSMEs that effectively implement strategic business practices and leverage IT demonstrate stronger performance indicators within each country. Therefore, developing the right business strategy and optimally utilizing information technology is essential, as well as improving the performance of MSMEs in facing international market competition.
{"title":"Business strategy and use of information technology toward ASEAN MSMEs performance in the post-pandemic crisis","authors":"Supriyati, Harry Suharman, T. Supriadi","doi":"10.15549/jeecar.v10i5.1438","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1438","url":null,"abstract":"The primary objective of this study is to investigate the impact of business strategy and the use of Information Technology (IT) on the MSMEs performance in the ASEAN. By understanding the relationship between business strategy, use of IT, and MSMEs performance, the results of this study can explain aspects and indicators that can influence MSMEs performance improvement. The research methodology employed in this study is descriptive. Furthermore, the research design employed by the authors is a descriptive-analytical design incorporating primary and secondary data sources. The data collection techniques were surveys, questionnaires, and literature studies on ASEAN MSMEs. The analysis results indicate that business strategy and the utilization of Information Technology (IT) have a positive and significant impact on the performance of MSMEs in the ASEAN region. MSMEs that effectively implement strategic business practices and leverage IT demonstrate stronger performance indicators within each country. Therefore, developing the right business strategy and optimally utilizing information technology is essential, as well as improving the performance of MSMEs in facing international market competition.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"420 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126709100","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1253
S. Ferencikova, Daniel Krajcik, Stanislav Zabojnik
This research focuses on reverse knowledge transfer from Central Europe to Western Europe by analyzing the contribution of a specific Slovak subsidiary to MNC knowledge. It explores the first digital bank created in Slovakia, its origin, expectations, results, and expertise transmitted from the daughter company to the Austrian headquarters. The paper analyses the situation of Raiffeisen Bank International, headquartered in Vienna, and its digital daughter company ZUNO founded in Slovakia in 2010. It identifies the learnings transferred to the parent in digital banking, marketing, operational, HR, and strategic management. The authors also study subsidiary integration within MNC, alignment of its structure and processes with the parent and conclude that the new knowledge generation was especially valuable in digital banking, at work with new client segments, in implementing new forms of marketing, working with new technologies, creating new structures, and transferring them to the other foreign markets.
本研究通过分析某斯洛伐克子公司对跨国公司知识的贡献，着重研究中欧向西欧的逆向知识转移。它探讨了在斯洛伐克创建的第一家数字银行，它的起源、期望、结果以及从其子公司传递到奥地利总部的专业知识。本文分析了总部位于维也纳的Raiffeisen Bank International及其2010年在斯洛伐克成立的数字子公司ZUNO的情况。它确定了在数字银行、营销、运营、人力资源和战略管理方面转移给母公司的知识。作者还研究了跨国公司内部的子公司整合，其结构和流程与母公司的一致性，并得出结论，新的知识生成在数字银行、与新客户群体合作、实施新形式的营销、使用新技术、创建新结构以及将其转移到其他国外市场方面尤其有价值。
{"title":"The value of reverse knowledge transfer: Case of Austrian Bank subsidiary in Slovakia","authors":"S. Ferencikova, Daniel Krajcik, Stanislav Zabojnik","doi":"10.15549/jeecar.v10i5.1253","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1253","url":null,"abstract":"This research focuses on reverse knowledge transfer from Central Europe to Western Europe by analyzing the contribution of a specific Slovak subsidiary to MNC knowledge. It explores the first digital bank created in Slovakia, its origin, expectations, results, and expertise transmitted from the daughter company to the Austrian headquarters. The paper analyses the situation of Raiffeisen Bank International, headquartered in Vienna, and its digital daughter company ZUNO founded in Slovakia in 2010. It identifies the learnings transferred to the parent in digital banking, marketing, operational, HR, and strategic management. The authors also study subsidiary integration within MNC, alignment of its structure and processes with the parent and conclude that the new knowledge generation was especially valuable in digital banking, at work with new client segments, in implementing new forms of marketing, working with new technologies, creating new structures, and transferring them to the other foreign markets.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121631074","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1435
Adeh Ratna Komala, Dony Waluya Firdaus
This research aims to assess how much the digital economy influences the quality of financial statements and the survival of MSMEs in Indonesia and Malaysia. This research used an analysis unit of 201 MSMEs registered in the Indonesian Chamber of Commerce and Industry and a literature review on the digital economy of MSMEs in Malaysia. The analytical approach was then utilized to examine validity, reliability, classical assumptions, analysis path, and hypothesis testing using the t-test in SPSS version 23.0. The results of hypothesis testing in this research show that the digital economy affects the quality of financial statements and has a unidirectional relationship with strong categories. These findings suggest that the digitalization of the economy is critical for MSMEs because it lowers operational costs and exposes them to a broader range of potential customers. Like Indonesia, Malaysia is also concerned about MSMEs' business sustainability, which inspired them to achieve the goal of making Malaysia the center of economic digitalization. This goal would involve technological advances, indicating that MSMEs in Indonesia and Malaysia can improve their financial gain through digital transformation.
{"title":"Improving the quality of financial statements and the survival of MSMEs through digital economy: The case of Indonesia and Malaysia","authors":"Adeh Ratna Komala, Dony Waluya Firdaus","doi":"10.15549/jeecar.v10i5.1435","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1435","url":null,"abstract":"This research aims to assess how much the digital economy influences the quality of financial statements and the survival of MSMEs in Indonesia and Malaysia. This research used an analysis unit of 201 MSMEs registered in the Indonesian Chamber of Commerce and Industry and a literature review on the digital economy of MSMEs in Malaysia. The analytical approach was then utilized to examine validity, reliability, classical assumptions, analysis path, and hypothesis testing using the t-test in SPSS version 23.0. The results of hypothesis testing in this research show that the digital economy affects the quality of financial statements and has a unidirectional relationship with strong categories. These findings suggest that the digitalization of the economy is critical for MSMEs because it lowers operational costs and exposes them to a broader range of potential customers. Like Indonesia, Malaysia is also concerned about MSMEs' business sustainability, which inspired them to achieve the goal of making Malaysia the center of economic digitalization. This goal would involve technological advances, indicating that MSMEs in Indonesia and Malaysia can improve their financial gain through digital transformation.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"39 7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133482687","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1316
Anh Nguyen Thuy Lan, Bao Quoc Lam, Anh Quynh Duong Nguyen, Minh Pham
Social enterprises help sustainably develop the national economy by focusing on social values. Social entrepreneurs contribute to significantly reducing unemployment, poverty, and social evils. Therefore, developing entrepreneurship education to increase the number of social entrepreneurs deserves the attention of many countries. Women are also part of society. However, female entrepreneurs make up only one-third of that of men. This study evaluated the differences between gender groups in the relationship between education and social entrepreneurship intention. Data collected from 811 Vietnamese students were analyzed using partial least squares structural equation modeling to assess gender differences. The results show that there is a significant difference between women and men in the formation of social entrepreneurship intentions. Meanwhile, the impact of entrepreneurship education on gender is not clear.
{"title":"Gender roles in entrepreneurship education to social entrepreneurial intentions in Vietnam","authors":"Anh Nguyen Thuy Lan, Bao Quoc Lam, Anh Quynh Duong Nguyen, Minh Pham","doi":"10.15549/jeecar.v10i5.1316","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1316","url":null,"abstract":"Social enterprises help sustainably develop the national economy by focusing on social values. Social entrepreneurs contribute to significantly reducing unemployment, poverty, and social evils. Therefore, developing entrepreneurship education to increase the number of social entrepreneurs deserves the attention of many countries. Women are also part of society. However, female entrepreneurs make up only one-third of that of men. This study evaluated the differences between gender groups in the relationship between education and social entrepreneurship intention. Data collected from 811 Vietnamese students were analyzed using partial least squares structural equation modeling to assess gender differences. The results show that there is a significant difference between women and men in the formation of social entrepreneurship intentions. Meanwhile, the impact of entrepreneurship education on gender is not clear.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"116 11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126397913","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1317
Novi Puji Lestari, Mochamad Rofic, Yuni Utami
The purpose of this study is to examine the effect of global economic uncertainty on the stock markets in four developing countries in Southeast Asia, namely Indonesia (JKSE), Malaysia (KLCI), Thailand (SETI), and Vietnam (VNI). The study uses the U.S., China, and Europe Economic Policy Uncertainty (EPU) indices and the CBOE Volatility Index (VIX) from the Chicago Board Options Exchange as proxies for global uncertainty. By analyzing monthly composite stock index return rates in each stock market and monthly percentage changes in both the EPU and VIX, the Vector Auto-Regressive (VAR) model demonstrates that increases in the US EPU negatively impact JKSE, KLCI, and SETI return rates, while VNI tends to respond positively. Increases in EPU in China and Europe tend to have a negative effect on all stock markets. However, the impact of the Chinese EPU was stronger than that of the European EPU, particularly in JKSE and SETI, and the KLCI was more sensitive to the European EPU shock. On the other hand, the effect of an increase in the VIX was comparable to the impact of the US EPU, with JKSE, KLCI, and SETI experiencing negative pressure, while VNI responded positively.
{"title":"Riding or challenging the waves: Uncovering the volatility of Southeast Asian stock markets amidst global uncertainties","authors":"Novi Puji Lestari, Mochamad Rofic, Yuni Utami","doi":"10.15549/jeecar.v10i5.1317","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1317","url":null,"abstract":"The purpose of this study is to examine the effect of global economic uncertainty on the stock markets in four developing countries in Southeast Asia, namely Indonesia (JKSE), Malaysia (KLCI), Thailand (SETI), and Vietnam (VNI). The study uses the U.S., China, and Europe Economic Policy Uncertainty (EPU) indices and the CBOE Volatility Index (VIX) from the Chicago Board Options Exchange as proxies for global uncertainty. By analyzing monthly composite stock index return rates in each stock market and monthly percentage changes in both the EPU and VIX, the Vector Auto-Regressive (VAR) model demonstrates that increases in the US EPU negatively impact JKSE, KLCI, and SETI return rates, while VNI tends to respond positively. Increases in EPU in China and Europe tend to have a negative effect on all stock markets. However, the impact of the Chinese EPU was stronger than that of the European EPU, particularly in JKSE and SETI, and the KLCI was more sensitive to the European EPU shock. On the other hand, the effect of an increase in the VIX was comparable to the impact of the US EPU, with JKSE, KLCI, and SETI experiencing negative pressure, while VNI responded positively.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123513189","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}
Pub Date : 2023-09-02DOI: 10.15549/jeecar.v10i5.1299
Xiaoqing Zhao, J. Tham, Qingbang Mu
The Chinese capital market created a large amount of goodwill assets after several waves of mergers, acquisitions, and restructuring. The potential risks posed by these goodwill assets to the continued stable development of the business during subsequent impairments cannot be ignored. This study selects a sample of non-financial listed companies in the A-share market in China for 2007–2021. The results indicate that goodwill impairment significantly and negatively affects firm performance. At the same time, goodwill impairment significantly affects management capability and mitigates the impact of goodwill impairment on company performance by exercising management capability. High-capacity management plays a greater inhibiting role in the relationship between goodwill impairment and corporate performance. The findings of this study validate the management's ability to perform in companies with goodwill impairment under the new accounting standards and also provide reference values on how to reduce the risks associated with goodwill impairment.
{"title":"M&A goodwill impairment, management ability and firm performance: Empirical evidence from Chinese a-shares","authors":"Xiaoqing Zhao, J. Tham, Qingbang Mu","doi":"10.15549/jeecar.v10i5.1299","DOIUrl":"https://doi.org/10.15549/jeecar.v10i5.1299","url":null,"abstract":"The Chinese capital market created a large amount of goodwill assets after several waves of mergers, acquisitions, and restructuring. The potential risks posed by these goodwill assets to the continued stable development of the business during subsequent impairments cannot be ignored. This study selects a sample of non-financial listed companies in the A-share market in China for 2007–2021. The results indicate that goodwill impairment significantly and negatively affects firm performance. At the same time, goodwill impairment significantly affects management capability and mitigates the impact of goodwill impairment on company performance by exercising management capability. High-capacity management plays a greater inhibiting role in the relationship between goodwill impairment and corporate performance. The findings of this study validate the management's ability to perform in companies with goodwill impairment under the new accounting standards and also provide reference values on how to reduce the risks associated with goodwill impairment.","PeriodicalId":127595,"journal":{"name":"Journal of Eastern European and Central Asian Research (JEECAR)","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117283451","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}
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