Pub Date : 2023-09-01DOI: 10.17261/pressacademia.2023.1776
Ghassan Omet
Purpose- It is widely acknowledged that banks (and stock markets) provide economies with a number of useful services, including the promotion and allocation of savings, monitoring of investments, and others. Given their importance, the International Monetary Fund (IMF) has been publishing what is called the “Financial Development Index for more than 180 economies. On a scale of 0 to +1.0, the Index ranks countries based on how developed their financial institutions (banks and insurance) and financial markets (stock market) are in terms of three sub-pillars: Depth, Access, and Efficiency. The depth dimension of banks and insurance includes bank credit to the private sector to Gross Domestic Product (GDP) ratio. Within this context and given the fact that public debt in Jordan has been increasing at an alarming rate, this paper sets out to investigate the impact of public debt on bank credit to the private sector at both the macro level and micro level. In more specific terms, the purpose of this paper is to provide answers to two questions: First, what is the impact of public debt on aggregate credit to the private sector? Second, what is the impact of public debt on bank-level credit to the private sector? Methodology- To provide an answer to the first question, the paper uses annual data (1982 – 2021) on bank credit to the private sector, bank credit to the government, and the discount rate. stationarity. The used techniques include stationarity test, optimal lag structure, co-integration, and vector error-correction (VECM) estimation. To answer the second question, the paper uses annual bank level data (2010 – 2021) for all 13 listed Jordanian banks. The fact that this data includes both time series and cross-section elements, panel data analysis is used to measure the impact of bank credit to the government on bank credit to the private sector. Findings- The results clearly show that bank credit to the governments has a significant and negative impact of bank credit to the private sector. This is an unfortunate finding as it implies that public debt does impede financial development. Conclusion- As far as the bank-level results are concerned, the results show that their lending behaviour to the government does affect their credit to the private sector. On average, banks that lend more to the government, ceteris paribus, lend less to the private sector. The government should look at the status of its public finance and work on reducing its borrowing. Keywords: Jordan, public debt, bank credit, diversification, time-series analysis, co-integration. JEL Codes: E50, E51, E52
{"title":"DOES PUBLIC DEBT IMPEDE FINANCIAL DEVELOPMENT IN JORDAN SOME MACRO AND MICRO ANALYSES","authors":"Ghassan Omet","doi":"10.17261/pressacademia.2023.1776","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1776","url":null,"abstract":"Purpose- It is widely acknowledged that banks (and stock markets) provide economies with a number of useful services, including the promotion and allocation of savings, monitoring of investments, and others. Given their importance, the International Monetary Fund (IMF) has been publishing what is called the “Financial Development Index for more than 180 economies. On a scale of 0 to +1.0, the Index ranks countries based on how developed their financial institutions (banks and insurance) and financial markets (stock market) are in terms of three sub-pillars: Depth, Access, and Efficiency. The depth dimension of banks and insurance includes bank credit to the private sector to Gross Domestic Product (GDP) ratio. Within this context and given the fact that public debt in Jordan has been increasing at an alarming rate, this paper sets out to investigate the impact of public debt on bank credit to the private sector at both the macro level and micro level. In more specific terms, the purpose of this paper is to provide answers to two questions: First, what is the impact of public debt on aggregate credit to the private sector? Second, what is the impact of public debt on bank-level credit to the private sector? Methodology- To provide an answer to the first question, the paper uses annual data (1982 – 2021) on bank credit to the private sector, bank credit to the government, and the discount rate. stationarity. The used techniques include stationarity test, optimal lag structure, co-integration, and vector error-correction (VECM) estimation. To answer the second question, the paper uses annual bank level data (2010 – 2021) for all 13 listed Jordanian banks. The fact that this data includes both time series and cross-section elements, panel data analysis is used to measure the impact of bank credit to the government on bank credit to the private sector. Findings- The results clearly show that bank credit to the governments has a significant and negative impact of bank credit to the private sector. This is an unfortunate finding as it implies that public debt does impede financial development. Conclusion- As far as the bank-level results are concerned, the results show that their lending behaviour to the government does affect their credit to the private sector. On average, banks that lend more to the government, ceteris paribus, lend less to the private sector. The government should look at the status of its public finance and work on reducing its borrowing. Keywords: Jordan, public debt, bank credit, diversification, time-series analysis, co-integration. JEL Codes: E50, E51, E52","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"28 12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135298453","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1801
Ali Akbaba
Purpose- It can be said that fuel costs have the highest share in airline operation costs. Therefore, fuel efficiency is important for cost optimization in airline operation management. Fuel efficiency has been studied in many ways in airline operation management in the literature. It can be reported that the cost optimization due to additional fuel transportation caused by meteorological conditions is also an important field. This study aims to provide data for making a decision to form a fuel policy for a flight schedule by determining the divert risk rate by analyzing previous meteorology reports when there is a risk of divert due to low visibility in meteorology reports. Methodology- Thus, by providing data for airline operation managers to make decisions that will provide fuel optimization, cost-effectiveness will also be contributed. Data for the study were taken from OGIMET (the Spanish meteorology website). A simulated flight was created for the study, and the past period forecast efficiency was calculated from previous meteorological data to determine the divert risk rate. Then, it was revealed how much the divert risk rate was reduced if additional fuel was carried for the flight according to the past period meteorological data to ensure that the aircraft waited for suitable conditions in the air at the landing aerodrome. Findings- The above results reveal the divert risk rate for the airline39 flights when additional fuel is loaded and without loading additional fuel in low visibility forecast operations for the three months of the year when low visibility is more common, based on past meteorological data. Conclusion- As a result of the study, it can be reported that a model has been created relating to how to determine the divert risk rate to make a fuel policy decision for a flight schedule when there is a risk of diverting due to low visibility in airline operation management. Keywords: Airline operation management, low visibility, fuel policy, airline fuel efficieny, divert risk ratio, JEL Codes: L93, M21, C44
{"title":"MODELLING FOR FUEL POLICY IN LOW VISIBILITY OPERATIONS IN AIRLINE OPERATIONS MANAGEMENT","authors":"Ali Akbaba","doi":"10.17261/pressacademia.2023.1801","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1801","url":null,"abstract":"Purpose- It can be said that fuel costs have the highest share in airline operation costs. Therefore, fuel efficiency is important for cost optimization in airline operation management. Fuel efficiency has been studied in many ways in airline operation management in the literature. It can be reported that the cost optimization due to additional fuel transportation caused by meteorological conditions is also an important field. This study aims to provide data for making a decision to form a fuel policy for a flight schedule by determining the divert risk rate by analyzing previous meteorology reports when there is a risk of divert due to low visibility in meteorology reports. Methodology- Thus, by providing data for airline operation managers to make decisions that will provide fuel optimization, cost-effectiveness will also be contributed. Data for the study were taken from OGIMET (the Spanish meteorology website). A simulated flight was created for the study, and the past period forecast efficiency was calculated from previous meteorological data to determine the divert risk rate. Then, it was revealed how much the divert risk rate was reduced if additional fuel was carried for the flight according to the past period meteorological data to ensure that the aircraft waited for suitable conditions in the air at the landing aerodrome. Findings- The above results reveal the divert risk rate for the airline39 flights when additional fuel is loaded and without loading additional fuel in low visibility forecast operations for the three months of the year when low visibility is more common, based on past meteorological data. Conclusion- As a result of the study, it can be reported that a model has been created relating to how to determine the divert risk rate to make a fuel policy decision for a flight schedule when there is a risk of diverting due to low visibility in airline operation management. Keywords: Airline operation management, low visibility, fuel policy, airline fuel efficieny, divert risk ratio, JEL Codes: L93, M21, C44","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135255340","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1795
Meryem Loukili, Vahit Ferhan Benli
Purpose- The aim of this study is to conduct a comprehensive analysis of ESG criteria in investments, and to investigate the potential correlation between ESG pillar scores (i.e., environmental, social, and governance) and the market value of banks. Moreover, the study seeks to identify the areas where ESG performance is most valuable and relevant. ESG investment is a contentious subject, and there are varying perspectives regarding the appropriate weight given to ESG pillars when investing and managing certain banks. The study aims to establish ESG goals and means, define, evaluate, and report ESG performance of firms, and assist investors in comprehending the significance of ESG criteria in making informed investment decisions. Finally, the study provides insights into the implications of ESG investment for businesses and the capital markets as a whole. Methodology- To investigate the correlation of ESG scores on the market value of banks, a quantitative research methodology was employed, which involved a thematic analysis to identify and analyse relevant data. The dataset for this study was obtained from Thomson Reuters database, and it includes data from the past 10 years’ operating in the Turkish and Swiss banks. Findings- The findings of the study suggest that ESG factors have a stronger and more significant impact on the market values of Swiss banks compared to Turkish banks. The higher degree of integration and alignment between ESG concerns and market value is evident through the stronger correlations observed between ESG scores, market capitalization, and the individual pillars within Swiss banks. This implies that Swiss banks have demonstrated a better incorporation of ESG considerations into their market valuations, potentially reflecting their stronger focus on sustainability, responsible business practices, and investor demands for ESG-related performance. Overall, these empirical findings support the hypothesis that there is a positive impact of ESG scores on market value of banks. Conclusion- In sum, the analysis involved examining the correlation between various ESG metrics and market capitalization with a positive correlation between ESG scores and market capitalization in both Turkish and Swiss banks. Specifically, the correlation matrix showed that ESG scores were positively associated with market capitalization, indicating that higher ESG scores were generally accompanied by higher market values. Furthermore, the analysis highlighted the significance of individual ESG pillars. In both Turkish and Swiss banks, the E Pillar Score, S Pillar Score, and G Pillar Score showed positive correlations with market capitalization, suggesting that environmental, social, and governance factors play a role in influencing market value. Keywords: ESG scores, financial performance, sustainability, environmental risk, banking. JEL Codes: G11,G12,G5
{"title":"ELABORATING ESG CRITERIA IN INVESTMENTS","authors":"Meryem Loukili, Vahit Ferhan Benli","doi":"10.17261/pressacademia.2023.1795","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1795","url":null,"abstract":"Purpose- The aim of this study is to conduct a comprehensive analysis of ESG criteria in investments, and to investigate the potential correlation between ESG pillar scores (i.e., environmental, social, and governance) and the market value of banks. Moreover, the study seeks to identify the areas where ESG performance is most valuable and relevant. ESG investment is a contentious subject, and there are varying perspectives regarding the appropriate weight given to ESG pillars when investing and managing certain banks. The study aims to establish ESG goals and means, define, evaluate, and report ESG performance of firms, and assist investors in comprehending the significance of ESG criteria in making informed investment decisions. Finally, the study provides insights into the implications of ESG investment for businesses and the capital markets as a whole. Methodology- To investigate the correlation of ESG scores on the market value of banks, a quantitative research methodology was employed, which involved a thematic analysis to identify and analyse relevant data. The dataset for this study was obtained from Thomson Reuters database, and it includes data from the past 10 years’ operating in the Turkish and Swiss banks. Findings- The findings of the study suggest that ESG factors have a stronger and more significant impact on the market values of Swiss banks compared to Turkish banks. The higher degree of integration and alignment between ESG concerns and market value is evident through the stronger correlations observed between ESG scores, market capitalization, and the individual pillars within Swiss banks. This implies that Swiss banks have demonstrated a better incorporation of ESG considerations into their market valuations, potentially reflecting their stronger focus on sustainability, responsible business practices, and investor demands for ESG-related performance. Overall, these empirical findings support the hypothesis that there is a positive impact of ESG scores on market value of banks. Conclusion- In sum, the analysis involved examining the correlation between various ESG metrics and market capitalization with a positive correlation between ESG scores and market capitalization in both Turkish and Swiss banks. Specifically, the correlation matrix showed that ESG scores were positively associated with market capitalization, indicating that higher ESG scores were generally accompanied by higher market values. Furthermore, the analysis highlighted the significance of individual ESG pillars. In both Turkish and Swiss banks, the E Pillar Score, S Pillar Score, and G Pillar Score showed positive correlations with market capitalization, suggesting that environmental, social, and governance factors play a role in influencing market value. Keywords: ESG scores, financial performance, sustainability, environmental risk, banking. JEL Codes: G11,G12,G5","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249284","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1753
Cenk Aksoy
Purpose- The purpose of this article is to examine the potential of digital ecosystems in creating value and providing a competitive advantage for businesses and industries. Additionally, it aims to provide an understanding of how digital ecosystems function within a big data environment. Methodology- This study presents a general understanding of digital ecosystems and big data by reviewing previous research and literature. Focusing on two critical advantages of digital ecosystems in creating value and providing a competitive advantage, the analysis is conducted using example companies such as Amazon, Apple, and UBER. Findings- Digital ecosystems emerge as complex and dynamic structures that enable value creation processes and collaboration among technology, businesses, and users. These structures significantly differ from traditional collaborative ecosystems by relying on digital technologies and platforms for value creation processes. A successful digital ecosystem is based on three main elements: platform, network effects, and market expectations. Big data is considered one of the fundamental components of digital ecosystems and has the potential to increase their effectiveness and value. Conclusion- Digital ecosystems allow businesses and industries to increase their productivity, gain a competitive advantage, and achieve sustainable growth. In particular, big data analytics can be used to optimize the performance and decision-making processes of digital ecosystems. Examples such as Amazon, Apple, and UBER demonstrate the potential of digital ecosystems in creating value and providing a competitive advantage. Therefore, it is crucial for businesses to adopt digital transformation and innovation to benefit from the advantages offered by digital ecosystems. Keywords: Digital ecosystems, big data, value creation, competition JEL Codes: L86, D46, D41
{"title":"INVESTIGATING VALUE CREATION AND COMPETITIVE ADVANTAGE OF DIGITAL ECOSYSTEMS: NEXT-GENERATION COLLABORATION AND BIG DATA ENVIRONMENTS","authors":"Cenk Aksoy","doi":"10.17261/pressacademia.2023.1753","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1753","url":null,"abstract":"Purpose- The purpose of this article is to examine the potential of digital ecosystems in creating value and providing a competitive advantage for businesses and industries. Additionally, it aims to provide an understanding of how digital ecosystems function within a big data environment. Methodology- This study presents a general understanding of digital ecosystems and big data by reviewing previous research and literature. Focusing on two critical advantages of digital ecosystems in creating value and providing a competitive advantage, the analysis is conducted using example companies such as Amazon, Apple, and UBER. Findings- Digital ecosystems emerge as complex and dynamic structures that enable value creation processes and collaboration among technology, businesses, and users. These structures significantly differ from traditional collaborative ecosystems by relying on digital technologies and platforms for value creation processes. A successful digital ecosystem is based on three main elements: platform, network effects, and market expectations. Big data is considered one of the fundamental components of digital ecosystems and has the potential to increase their effectiveness and value. Conclusion- Digital ecosystems allow businesses and industries to increase their productivity, gain a competitive advantage, and achieve sustainable growth. In particular, big data analytics can be used to optimize the performance and decision-making processes of digital ecosystems. Examples such as Amazon, Apple, and UBER demonstrate the potential of digital ecosystems in creating value and providing a competitive advantage. Therefore, it is crucial for businesses to adopt digital transformation and innovation to benefit from the advantages offered by digital ecosystems. Keywords: Digital ecosystems, big data, value creation, competition JEL Codes: L86, D46, D41","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135250627","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1754
Ilknur Sayan, Hatice Mutlu
Purpose- Creativity and innovation in the workplace have been recognized as important determinants of organizational performance and success. In order to fully understand the effect of personality traits of healthcare professionals on job performance, this study aimed to determine the relationship between innovative work behavior and personality traits. Methodology- In this study, it was aimed to evaluate the relationship between innovative work behavior and personality traits. The research was conducted with 120 health managers working in three public hospitals in Istanbul. In the study, data were collected with the Personality Traits Scale developed by Raad et al. (2008) and the Innovative Behavior Scale developed by Scott and Bruce (1994) and adapted into Turkish by Çalışkan et al. (2019). In the study, NCSS (Number Cruncher Statistical System) 2007 (Kaysville, Utah, USA) program was used for statistical analysis. While evaluating the study data, the distribution of the data as well as descriptive statistical methods (Mean, Standard Deviation, Median, Frequency, Ratio, Minimum, Maximum) Shapiro -Assessed with the Wilk Test. Kruskall-Wallis test for comparison of quantitative data of three or more groups; Mann-Whitney U Test was used for comparison of two groups. Spearman's correlation analysis was used to determine the relationship between quantitative data. Simple linear regression analysis was used to determine the factors affecting the dependent variable. Cronbach's Alpha values were found to be at a high level of reliability. Findings- Of the participants, 70.3% (n=64) were male, 39.6% (n=36) were 25-29 years old, 73.6% (n=67) were university graduates. When the work experiences of the participants are examined; It was determined that 38.5% (n=35) of them had 10 years or more experience. When examining the differences between personality traits and innovative work behavior; Compatibility personality traits of male participants were found to be higher than female participants (p=0.001;p<0.05). There is a statistically significant difference in extraversion personality traits according to the experience period of the employees (p=0.013;p<0.05). The extraversion personality trait value of employees aged 1-5 years was found to be statistically significant compared to those working between 5-10 years (p=0.001;p<0.05). It was found statistically significant that the value of the extraversion personality trait of employees aged 1-5 years was higher than those of 10 years or more (p=0.001;p<0.05). The fact that the extraversion value of the manager group was higher than that of the department managers was found to be statistically significant (p=0.001;p<0.05). It was found that the extraversion value of department managers was higher than those in charge of clinics (p=0.001;p<0.05). There was no statistically significant relationship between personality traits of agreeableness, honesty, emotional stability and gender, work experience, age, educati
{"title":"INNOVATIVE BUSINESS BEHAVIOUR AND PERSONAL FEATURES: AN APPLICATION IN THE HEALTH SECTOR","authors":"Ilknur Sayan, Hatice Mutlu","doi":"10.17261/pressacademia.2023.1754","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1754","url":null,"abstract":"Purpose- Creativity and innovation in the workplace have been recognized as important determinants of organizational performance and success. In order to fully understand the effect of personality traits of healthcare professionals on job performance, this study aimed to determine the relationship between innovative work behavior and personality traits. Methodology- In this study, it was aimed to evaluate the relationship between innovative work behavior and personality traits. The research was conducted with 120 health managers working in three public hospitals in Istanbul. In the study, data were collected with the Personality Traits Scale developed by Raad et al. (2008) and the Innovative Behavior Scale developed by Scott and Bruce (1994) and adapted into Turkish by Çalışkan et al. (2019). In the study, NCSS (Number Cruncher Statistical System) 2007 (Kaysville, Utah, USA) program was used for statistical analysis. While evaluating the study data, the distribution of the data as well as descriptive statistical methods (Mean, Standard Deviation, Median, Frequency, Ratio, Minimum, Maximum) Shapiro -Assessed with the Wilk Test. Kruskall-Wallis test for comparison of quantitative data of three or more groups; Mann-Whitney U Test was used for comparison of two groups. Spearman's correlation analysis was used to determine the relationship between quantitative data. Simple linear regression analysis was used to determine the factors affecting the dependent variable. Cronbach's Alpha values were found to be at a high level of reliability. Findings- Of the participants, 70.3% (n=64) were male, 39.6% (n=36) were 25-29 years old, 73.6% (n=67) were university graduates. When the work experiences of the participants are examined; It was determined that 38.5% (n=35) of them had 10 years or more experience. When examining the differences between personality traits and innovative work behavior; Compatibility personality traits of male participants were found to be higher than female participants (p=0.001;p<0.05). There is a statistically significant difference in extraversion personality traits according to the experience period of the employees (p=0.013;p<0.05). The extraversion personality trait value of employees aged 1-5 years was found to be statistically significant compared to those working between 5-10 years (p=0.001;p<0.05). It was found statistically significant that the value of the extraversion personality trait of employees aged 1-5 years was higher than those of 10 years or more (p=0.001;p<0.05). The fact that the extraversion value of the manager group was higher than that of the department managers was found to be statistically significant (p=0.001;p<0.05). It was found that the extraversion value of department managers was higher than those in charge of clinics (p=0.001;p<0.05). There was no statistically significant relationship between personality traits of agreeableness, honesty, emotional stability and gender, work experience, age, educati","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249113","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1782
Onur Basar, Pinar Basar
Purpose- The purpose of this study is to research some of the major problems and challenges in the construction industry that need to be addressed and solved by various stakeholders. Factors influencing technology use in building construction project management Inadequate risk management, lack of structure, poor communication, unrealistic expectations/bad forecasting, delayed cash flow and limited skills. Methodology- The study employs a quantitative study to explore the construction industry for building a competitive advantage. Findings- The analysis reveals that the construction industry faces various challenges that can impact project delivery, productivity, and overall performance. there are some common problems in the construction industry. Construction projects often encounter cost overruns due to factors such as inaccurate initial estimates, changes in project scope, unforeseen site conditions, and fluctuations in material and labor costs. Budgetary constraints can lead to financial strain and project delays. Delays in construction projects can occur due to factors like poor project planning and management, inclement weather, labor shortages, regulatory approvals, and issues with subcontractors or suppliers. These delays can result in increased costs, contractual disputes, and dissatisfaction among project stakeholders. Construction sites are inherently hazardous environments, and ensuring worker safety is a critical concern. Failure to comply with safety regulations, inadequate training, lack of safety protocols, and inadequate risk assessments can lead to accidents, injuries, and even fatalities. Effective communication and collaboration among project teams, including architects, engineers, contractors, and subcontractors, are essential for successful project delivery. Inadequate communication, misinterpretation of project requirements, and lack of coordination can lead to errors, rework, and delays. Maintaining high-quality construction standards is crucial, but the industry often faces challenges in ensuring consistent quality control. Conclusion - based upon the analysis findings it may be concluded that the difficulties can turn to competitive advantage with better strategic planning, risk management, and management of resources. The construction industry has a very important role in many countries for Economic Development, Innovation, Technological Change, and Growth. Keywords: construction industry, competitiveness, opportunities, JEL Codes: M11, M10, O10
{"title":"CHALLENGES IN CONSTRUCTION INDUSTRY","authors":"Onur Basar, Pinar Basar","doi":"10.17261/pressacademia.2023.1782","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1782","url":null,"abstract":"Purpose- The purpose of this study is to research some of the major problems and challenges in the construction industry that need to be addressed and solved by various stakeholders. Factors influencing technology use in building construction project management Inadequate risk management, lack of structure, poor communication, unrealistic expectations/bad forecasting, delayed cash flow and limited skills. Methodology- The study employs a quantitative study to explore the construction industry for building a competitive advantage. Findings- The analysis reveals that the construction industry faces various challenges that can impact project delivery, productivity, and overall performance. there are some common problems in the construction industry. Construction projects often encounter cost overruns due to factors such as inaccurate initial estimates, changes in project scope, unforeseen site conditions, and fluctuations in material and labor costs. Budgetary constraints can lead to financial strain and project delays. Delays in construction projects can occur due to factors like poor project planning and management, inclement weather, labor shortages, regulatory approvals, and issues with subcontractors or suppliers. These delays can result in increased costs, contractual disputes, and dissatisfaction among project stakeholders. Construction sites are inherently hazardous environments, and ensuring worker safety is a critical concern. Failure to comply with safety regulations, inadequate training, lack of safety protocols, and inadequate risk assessments can lead to accidents, injuries, and even fatalities. Effective communication and collaboration among project teams, including architects, engineers, contractors, and subcontractors, are essential for successful project delivery. Inadequate communication, misinterpretation of project requirements, and lack of coordination can lead to errors, rework, and delays. Maintaining high-quality construction standards is crucial, but the industry often faces challenges in ensuring consistent quality control. Conclusion - based upon the analysis findings it may be concluded that the difficulties can turn to competitive advantage with better strategic planning, risk management, and management of resources. The construction industry has a very important role in many countries for Economic Development, Innovation, Technological Change, and Growth. Keywords: construction industry, competitiveness, opportunities, JEL Codes: M11, M10, O10","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135249117","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1763
Ebru Demirci, Ayse Korkmaz
Purpose-The purpose of the research is to examine the sustainability reports of retail trade and food manufacturing companies and to evaluate the environmental performances of the companies in the sustainability reports within the framework of the criteria published by the Global Reporting Initiative (GRI). In this study, retail trade and food manufacturing companies were examined considering the environmental importance of the sector, the intensity of legal regulations regulating the sector's relationship with the environment, the professional perspective of the sector on sustainability reports, and the increasing awareness of the employees in the sector.. Retail trade and food manufacturing companies, which are in the top 5 in terms of net sales in the 2021 Fortune 500 list for Turkiye, were included in the evaluation due to the fact that the published sustainability reports contain intensive information and there is a time limit for the study. It is aimed to rank the companies under consideration in terms of environmental performance within the scope of their sustainability reports for 2020 and 2021. Methodology- The environmental performance of companies was evaluated through multi-dimensional decision-making techniques such as AHP and TOPSIS. Findings This paper has revealed changes in the rankings of companies in environmental and economic performance evaluation. The best environmental performance based on the results of the calculation is the ULKER Bisküvi San.Tic.A.Ş. the lowest company Anadolu Efes Biracılık ve Malt San. A.Ş. Conclusion- Sustainability performance gains importance as an important indicator for companies.It is thought that the results obtained in this study will be beneficial to other companies operating in the retail trade and food manufacturing sector but have not published a sustainability report, and to companies planning to prepare a sustainability report. Transparent and detailed preparation of sustainability reports is one of the issues to be considered for performance measurement. Keywords: Logistics management, sustainability reporting, environmental performance, AHP,TOPSIS. JEL Codes: M40, M41
目的:本研究的目的是研究零售业和食品制造公司的可持续发展报告，并在全球报告倡议组织(GRI)发布的标准框架内评估可持续发展报告中公司的环境绩效。在这项研究中，考虑到该部门的环境重要性，规范该部门与环境关系的法律法规的强度，该部门对可持续发展报告的专业观点，以及该部门员工日益提高的意识，对零售贸易和食品制造公司进行了调查。零售贸易和食品制造公司在2021年《财富》500强名单中净销售额排名前五，由于发布的可持续发展报告包含大量信息，并且研究有时间限制，因此被纳入评估。它旨在根据2020年和2021年可持续发展报告的范围内的环境绩效对考虑中的公司进行排名。方法-通过AHP和TOPSIS等多维决策技术评估公司的环境绩效。本文揭示了企业在环境和经济绩效评价中的排名变化。根据计算结果，环保性能最好的是ULKER bisk San.Tic.A.Ş。最低的公司Anadolu Efes Biracılık ve Malt San。答:Ş。结论-可持续发展绩效作为公司的重要指标越来越重要。据认为，在这项研究中获得的结果将有利于其他公司经营在零售贸易和食品制造部门，但尚未发表可持续发展报告，并计划准备一个可持续发展报告的公司。透明和详细地编写可持续发展报告是衡量业绩时要考虑的问题之一。关键词:物流管理，可持续发展报告，环境绩效，AHP,TOPSISJEL代码:M40, M41
{"title":"AN APPLICATION ON ENVIROMENTAL PERFORMANCE OF RETAIL TRADING AND FOOD MANUFACTURING COMPANIES WITHIN THE FRAMEWORK OF SUSTAINABILITY REPORTING","authors":"Ebru Demirci, Ayse Korkmaz","doi":"10.17261/pressacademia.2023.1763","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1763","url":null,"abstract":"Purpose-The purpose of the research is to examine the sustainability reports of retail trade and food manufacturing companies and to evaluate the environmental performances of the companies in the sustainability reports within the framework of the criteria published by the Global Reporting Initiative (GRI). In this study, retail trade and food manufacturing companies were examined considering the environmental importance of the sector, the intensity of legal regulations regulating the sector's relationship with the environment, the professional perspective of the sector on sustainability reports, and the increasing awareness of the employees in the sector.. Retail trade and food manufacturing companies, which are in the top 5 in terms of net sales in the 2021 Fortune 500 list for Turkiye, were included in the evaluation due to the fact that the published sustainability reports contain intensive information and there is a time limit for the study. It is aimed to rank the companies under consideration in terms of environmental performance within the scope of their sustainability reports for 2020 and 2021. Methodology- The environmental performance of companies was evaluated through multi-dimensional decision-making techniques such as AHP and TOPSIS. Findings This paper has revealed changes in the rankings of companies in environmental and economic performance evaluation. The best environmental performance based on the results of the calculation is the ULKER Bisküvi San.Tic.A.Ş. the lowest company Anadolu Efes Biracılık ve Malt San. A.Ş. Conclusion- Sustainability performance gains importance as an important indicator for companies.It is thought that the results obtained in this study will be beneficial to other companies operating in the retail trade and food manufacturing sector but have not published a sustainability report, and to companies planning to prepare a sustainability report. Transparent and detailed preparation of sustainability reports is one of the issues to be considered for performance measurement. Keywords: Logistics management, sustainability reporting, environmental performance, AHP,TOPSIS. JEL Codes: M40, M41","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135250235","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1798
Mine Uzumcuoglu, Gokce Bahar Gurbuzer
Purpose- The COVID-19 pandemic has caused significant changes in the expectation of the foreign trade of consumer products at the global level. This prevention purpose is to reduce and analyze the impact of the COVID-19 epidemic on foreign trade in harmful products. It is aimed to understand the world created by the planet of the pandemic through the examination of foreign trade data such as exports, imports, trade fees and prices of consumer products from the consumption of the epidemic. In addition, it is planned to analyze criteria such as overview countries and incomplete trade structures, demand, and supply chain, and make an assessment on the difficulties and challenges that arise in this process. Methodology- The data of the study consists of secondary data at the macro level. Foreign trade data belonging to 300215- “Immunological products, put up in measured doses or in forms or packings for retail sale” product group, which is under the main heading of HS 30 pharmaceutical products in the Customs Tariff Schedule and included in the 6-digit product classification, has been used. Relevant data were compiled from the website of the International Trade Center (ITC) trademap.org. As a result of the evaluations made within the scope of the research, interpretations will be made in the light of all the information obtained by giving the current situation of the countries. Findings- The COVID-19 pandemic has had significant impacts on foreign trade in immunization products. During the pandemic, many countries have experienced an increase in demand for immunization products and have sought to strengthen the supply chain to increase production. However, some countries are facing supply challenges due to limited production capacity, supply chain disruptions and fluctuating demand. Conclusion- As a result, the COVID-19 pandemic has had significant impacts on foreign trade in immunization products. Research results show that the pandemic has caused changes in supply and demand arrangements in the sector. Countries have turned to increasing local production to strengthen the supply chain and meet their own needs. This has led some countries to increase exports, while imports have increased in other countries. These research results suggest that the impacts of the COVID-19 pandemic on foreign trade in immunization products are significant and the sector needs to take strategic steps to adapt to these changes. Policymakers should support the sector with measures such as strengthening supply chains and improving trade regulations. Businesses should adapt to changing conditions through strategies such as supply chain management, demand forecasting and market diversification. Keywords: Immunological products, foreign trade, Türkiye JEL Codes: M16, F49, Z00
{"title":"THE EFFECTS OF THE COVID-19 PANDEMIC ON FOREIGN TRADE IN IMMUNOLOGICAL PRODUCTS: AN EVALUATION","authors":"Mine Uzumcuoglu, Gokce Bahar Gurbuzer","doi":"10.17261/pressacademia.2023.1798","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1798","url":null,"abstract":"Purpose- The COVID-19 pandemic has caused significant changes in the expectation of the foreign trade of consumer products at the global level. This prevention purpose is to reduce and analyze the impact of the COVID-19 epidemic on foreign trade in harmful products. It is aimed to understand the world created by the planet of the pandemic through the examination of foreign trade data such as exports, imports, trade fees and prices of consumer products from the consumption of the epidemic. In addition, it is planned to analyze criteria such as overview countries and incomplete trade structures, demand, and supply chain, and make an assessment on the difficulties and challenges that arise in this process. Methodology- The data of the study consists of secondary data at the macro level. Foreign trade data belonging to 300215- “Immunological products, put up in measured doses or in forms or packings for retail sale” product group, which is under the main heading of HS 30 pharmaceutical products in the Customs Tariff Schedule and included in the 6-digit product classification, has been used. Relevant data were compiled from the website of the International Trade Center (ITC) trademap.org. As a result of the evaluations made within the scope of the research, interpretations will be made in the light of all the information obtained by giving the current situation of the countries. Findings- The COVID-19 pandemic has had significant impacts on foreign trade in immunization products. During the pandemic, many countries have experienced an increase in demand for immunization products and have sought to strengthen the supply chain to increase production. However, some countries are facing supply challenges due to limited production capacity, supply chain disruptions and fluctuating demand. Conclusion- As a result, the COVID-19 pandemic has had significant impacts on foreign trade in immunization products. Research results show that the pandemic has caused changes in supply and demand arrangements in the sector. Countries have turned to increasing local production to strengthen the supply chain and meet their own needs. This has led some countries to increase exports, while imports have increased in other countries. These research results suggest that the impacts of the COVID-19 pandemic on foreign trade in immunization products are significant and the sector needs to take strategic steps to adapt to these changes. Policymakers should support the sector with measures such as strengthening supply chains and improving trade regulations. Businesses should adapt to changing conditions through strategies such as supply chain management, demand forecasting and market diversification. Keywords: Immunological products, foreign trade, Türkiye JEL Codes: M16, F49, Z00","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135254531","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1797
Yavuz Selim Balcioglu, Melike Artar, Oya Erdil
Purpose- Telework is seen as one of the most common forms of work after the Covid-19 pandemic (Carvalho et al.,2021). However, it is an undeniable fact that teleworking brings with it different obligations when it comes to gender roles. Although working remotely is considered an advantage for women in traditional societies, the opposite results are obtained in researches (Gálvez, Tirado & Martínez, 2020). Studies show that married women have increased responsibilities at home while working remotely. Married women both do housework or child care and fulfill their job responsibilities. This role conflict, on the other hand, causes work-family conflict to a large extent in women (Van der Lippe & Lippényi, 2020). The conflict between work and family is when the wishes of the individual are not met in both areas of his life: at work and in his personal life (Solís, 2016). The theory of Clark's boundary states that individuals have two worlds, a personal world and a professional world(Clark, 2000). The theory separated work and family as two separate disciplines (Igeltjørn and Habib, 2020). The individual must mold and alter himself as he transitions between his professional and family lives. Boundary theory recognizes the significance of the path individuals take to maintain the boundary between work and personal space. Despite being considered separate entities, "family" and "work" have an indirect relationship that directly affects one another (Rodríguez-Modroño & López-Igual, 2021). On the other hand, we think that the presence of positive feelings towards the job of the employee may have an effect on this negative relationship (Lizana & Vega-Fernadez, 2021). Therefore, within the scope of the study, the relationship between work-private-life conflict and job satisfaction of married women will be examined and the mediating effect of job satisfaction will be examined. Methodology- The study's questionnaire, it was applied to 271 married female teleworkers in public and private sectors. The data obtained from the questionnaires were analyzed with SPSS 23 statistical package software. In this research, machine learning models and techniques based on transformers were used. Findings- The findings indicated that (1) married female teleworkers’ work-family conflict is negatively associated with Interpersonal Communication Satisfaction (2) job satisfaction mediate the relationship between work-family conflict and interpersonal Communication Satisfaction Finally, theoretical and managerial implications have been discussed. Conclusion- The difficulties experienced by married women n while working remotely are multifaceted and complex. Balancing the demands of their professional lives along with fulfilling the needs of their families has become increasingly strenuous, as the boundaries between work and home life have become blurred with remote work situations (Abendroth & Reimann, 2018). The pressure to meet deadlines and participate in v
{"title":"A STUDY ON MIDDLE-CLASS MARRIED FEMALE TELEWORKERS: THE EFFECT OF WORK-LIFE CONFLICT ON JOB SATISFACTION: A STUDY ON WORK-FAMILY CONFLICT, JOB SATISFACTION AND INTERPERSONAL COMMUNICATION SATISFACTION","authors":"Yavuz Selim Balcioglu, Melike Artar, Oya Erdil","doi":"10.17261/pressacademia.2023.1797","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1797","url":null,"abstract":"Purpose- Telework is seen as one of the most common forms of work after the Covid-19 pandemic (Carvalho et al.,2021). However, it is an undeniable fact that teleworking brings with it different obligations when it comes to gender roles. Although working remotely is considered an advantage for women in traditional societies, the opposite results are obtained in researches (Gálvez, Tirado & Martínez, 2020). Studies show that married women have increased responsibilities at home while working remotely. Married women both do housework or child care and fulfill their job responsibilities. This role conflict, on the other hand, causes work-family conflict to a large extent in women (Van der Lippe & Lippényi, 2020). The conflict between work and family is when the wishes of the individual are not met in both areas of his life: at work and in his personal life (Solís, 2016). The theory of Clark's boundary states that individuals have two worlds, a personal world and a professional world(Clark, 2000). The theory separated work and family as two separate disciplines (Igeltjørn and Habib, 2020). The individual must mold and alter himself as he transitions between his professional and family lives. Boundary theory recognizes the significance of the path individuals take to maintain the boundary between work and personal space. Despite being considered separate entities, \"family\" and \"work\" have an indirect relationship that directly affects one another (Rodríguez-Modroño & López-Igual, 2021). On the other hand, we think that the presence of positive feelings towards the job of the employee may have an effect on this negative relationship (Lizana & Vega-Fernadez, 2021). Therefore, within the scope of the study, the relationship between work-private-life conflict and job satisfaction of married women will be examined and the mediating effect of job satisfaction will be examined. Methodology- The study's questionnaire, it was applied to 271 married female teleworkers in public and private sectors. The data obtained from the questionnaires were analyzed with SPSS 23 statistical package software. In this research, machine learning models and techniques based on transformers were used. Findings- The findings indicated that (1) married female teleworkers’ work-family conflict is negatively associated with Interpersonal Communication Satisfaction (2) job satisfaction mediate the relationship between work-family conflict and interpersonal Communication Satisfaction Finally, theoretical and managerial implications have been discussed. Conclusion- The difficulties experienced by married women n while working remotely are multifaceted and complex. Balancing the demands of their professional lives along with fulfilling the needs of their families has become increasingly strenuous, as the boundaries between work and home life have become blurred with remote work situations (Abendroth & Reimann, 2018). The pressure to meet deadlines and participate in v","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135254896","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 : 2023-09-01DOI: 10.17261/pressacademia.2023.1758
Suat Teker, Dilek Teker, Halit Guzelsoy
Purpose- Financial inclusion is defined as a process that ensures the ease of access, availability, and usage of the formal financial system for all members of an economy by emphasizing the use of accessibility and availability of financial services. A financial sector is measured and compared on four main features; debt is the size of financial institutions, access is the access and use of financial services by the users, efficiency is the efficiency in the provision of financial services, and stability is the stability in the provision of financial services. Financial inclusion, in short, is adults' access to and use of financial services. This study aims to measure the financial inclusion level for selected OECD countries from 2010-2021. Also, this study aims to estimate the effect of financial inclusion on economic growth and income inequality for selected countries. Methodology- The data used in this study cover a range of variables related to financial inclusion from various institutions, including the IMF-Financial Access Survey (IMF-FAS), the World Bank - World Development Indicators (WB-WDI), the World Bank - Global Financial Development Database (WB-GFDD) and the Standardized World Income Inequality Database (SWIID). These variables provide insights into the dimensions and determinants of financial inclusion and their impact on economic and social outcomes for selected OECD countries. In the study, we run panel data regressions for each group separately, using GDP per capita as the dependent variable to determine the impact of the Financial Inclusion Index on economic growth. We also construct two different models for each group of countries with and without the added control variables into the models. Findings- The analysis reveals that the effect of financial inclusion on economic growth is negative for all groups of countries. The impact is significant for Group 1 and Group 2. The magnitude of coefficients changes when we add control variables to the model. However, it does not change the significance level of the coefficients. The magnitude of the coefficients increases as countries’ per capita income increases. At the same time, the effect of financial inclusion on the GINI index is significant only in the model for Group 3 with control variables. The sign of the impact is negative. It implies that the GINI index decreases as the financial inclusion index increases. So, the effect of financial inclusion on income inequality is positive for countries in Group 3. Conclusion- The empirical results did not support the relationship between financial inclusion and economic growth (GDP per capita). These results may be explained by advocating the financial sector's quick and fundamental digital transformation. Hence, the rules for availability, accessibility, and usage of financial products and system are completely changed in the past ten years. On the other hand, the relationship between financial inclusion and income inequality, measur
{"title":"FINANCIAL INCLUSION FOR SELECTED OECD COUNTRIES","authors":"Suat Teker, Dilek Teker, Halit Guzelsoy","doi":"10.17261/pressacademia.2023.1758","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1758","url":null,"abstract":"Purpose- Financial inclusion is defined as a process that ensures the ease of access, availability, and usage of the formal financial system for all members of an economy by emphasizing the use of accessibility and availability of financial services. A financial sector is measured and compared on four main features; debt is the size of financial institutions, access is the access and use of financial services by the users, efficiency is the efficiency in the provision of financial services, and stability is the stability in the provision of financial services. Financial inclusion, in short, is adults' access to and use of financial services. This study aims to measure the financial inclusion level for selected OECD countries from 2010-2021. Also, this study aims to estimate the effect of financial inclusion on economic growth and income inequality for selected countries. Methodology- The data used in this study cover a range of variables related to financial inclusion from various institutions, including the IMF-Financial Access Survey (IMF-FAS), the World Bank - World Development Indicators (WB-WDI), the World Bank - Global Financial Development Database (WB-GFDD) and the Standardized World Income Inequality Database (SWIID). These variables provide insights into the dimensions and determinants of financial inclusion and their impact on economic and social outcomes for selected OECD countries. In the study, we run panel data regressions for each group separately, using GDP per capita as the dependent variable to determine the impact of the Financial Inclusion Index on economic growth. We also construct two different models for each group of countries with and without the added control variables into the models. Findings- The analysis reveals that the effect of financial inclusion on economic growth is negative for all groups of countries. The impact is significant for Group 1 and Group 2. The magnitude of coefficients changes when we add control variables to the model. However, it does not change the significance level of the coefficients. The magnitude of the coefficients increases as countries’ per capita income increases. At the same time, the effect of financial inclusion on the GINI index is significant only in the model for Group 3 with control variables. The sign of the impact is negative. It implies that the GINI index decreases as the financial inclusion index increases. So, the effect of financial inclusion on income inequality is positive for countries in Group 3. Conclusion- The empirical results did not support the relationship between financial inclusion and economic growth (GDP per capita). These results may be explained by advocating the financial sector's quick and fundamental digital transformation. Hence, the rules for availability, accessibility, and usage of financial products and system are completely changed in the past ten years. On the other hand, the relationship between financial inclusion and income inequality, measur","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135248482","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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