the risk of many chronic illnesses. To encourage greater consumption of healthy foods, some government agencies have begun issuing specific health claims on particular foods and/or ingredients. This study examines the impacts of a specific health claim on the risk of coronary heart disease on the demand for fats and meats in the United States. Results indicate the health claim decreased demand for foods higher in saturated fats and increased demand for foods lower in saturated fats by relatively small but statistically significant amounts. Keywords: health benefits, functional foods, dietary choices, consumer demand
{"title":"Has the Demand for Fats and Meats in the United States been Affected by the Health Claim on Risk of Coronary Heart Disease Issued by the Food and Drug Administration?","authors":"S. Malla, K. Klein, Taryn Presseau","doi":"10.30958/ajbe.8-2-1","DOIUrl":"https://doi.org/10.30958/ajbe.8-2-1","url":null,"abstract":"the risk of many chronic illnesses. To encourage greater consumption of healthy foods, some government agencies have begun issuing specific health claims on particular foods and/or ingredients. This study examines the impacts of a specific health claim on the risk of coronary heart disease on the demand for fats and meats in the United States. Results indicate the health claim decreased demand for foods higher in saturated fats and increased demand for foods lower in saturated fats by relatively small but statistically significant amounts. Keywords: health benefits, functional foods, dietary choices, consumer demand","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134466588","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}
Non-Bank Financial Institutions (NBFIs) epitomize the most significant source of financing in our economy. NBFI is highly levered in nature. This study tries to empirically identify how capital adequacy and leverage impact NBFIs’ performance in Bangladesh. A number of econometric models using panel data from 2009 to 2019 of 23 NBFIs of Bangladesh have been estimated to achieve the objective of this study. In this research, Return on Assets, Return on Equity and Tobin’s Q are used as a measure of NBFIs performance of Bangladesh. According to estimated result it has been found that capital adequacy has a positive effect on profitability of NBFI’s in Bangladesh. However, the research has found conflicting results when impact of leverage on NBFI performance is measured. Taking the empirical findings into consideration, the management of the NBFIs should embrace policies that are likely to help the NBFIs to maintain enough capital. Keywords: leverage, capital adequacy, NBFI performance, profitability, NBFI equity
{"title":"Empirical Assessment on the Impact of Leverage and Capital Adequacy on Performance of Non-Bank Financial Institutions in Bangladesh","authors":"Liton Chandro Sarkar","doi":"10.30958/ajbe.8-2-4","DOIUrl":"https://doi.org/10.30958/ajbe.8-2-4","url":null,"abstract":"Non-Bank Financial Institutions (NBFIs) epitomize the most significant source of financing in our economy. NBFI is highly levered in nature. This study tries to empirically identify how capital adequacy and leverage impact NBFIs’ performance in Bangladesh. A number of econometric models using panel data from 2009 to 2019 of 23 NBFIs of Bangladesh have been estimated to achieve the objective of this study. In this research, Return on Assets, Return on Equity and Tobin’s Q are used as a measure of NBFIs performance of Bangladesh. According to estimated result it has been found that capital adequacy has a positive effect on profitability of NBFI’s in Bangladesh. However, the research has found conflicting results when impact of leverage on NBFI performance is measured. Taking the empirical findings into consideration, the management of the NBFIs should embrace policies that are likely to help the NBFIs to maintain enough capital. Keywords: leverage, capital adequacy, NBFI performance, profitability, NBFI equity","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"37 17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125704002","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}
B. Dolipas, Julie A. Buasen, Maria Azucena B. Lubrica, Phil S. Ocampo, Kenneth B. Pakipac, M. Sajise, Precious M. Valentin
This study measured the level of awareness, understanding, acceptability, clarity and consistency by the Benquet State University’s personnel of the University, College and Department’s vision, goals, mission and objectives (VGMO). The study also determined the manner by which the VGMOs were disseminated. The results of the study showed that brochures are the most frequent manner of disseminated materials that display the University’s VGMOs, leading to higher levels of awareness of them. The level of awareness, understanding, acceptability, and consistency of the University’s VGMOs, the College’s goals and objectives and the Department’s program objectives were analog for both male and female personnel, but the clarity levels differed significantly. Faculty members, compared to non-faculty members, have higher levels of awareness, understanding, acceptability, clarity and consistency in their recognition of BSU’s VGMOs. Keywords: university vision, mission, goals, objectives, awareness, personnel
{"title":"Assessment of the University Vision, Goals, Mission and Program Objectives: A Management Protocol for Quality Assurance","authors":"B. Dolipas, Julie A. Buasen, Maria Azucena B. Lubrica, Phil S. Ocampo, Kenneth B. Pakipac, M. Sajise, Precious M. Valentin","doi":"10.30958/ajbe.8-2-3","DOIUrl":"https://doi.org/10.30958/ajbe.8-2-3","url":null,"abstract":"This study measured the level of awareness, understanding, acceptability, clarity and consistency by the Benquet State University’s personnel of the University, College and Department’s vision, goals, mission and objectives (VGMO). The study also determined the manner by which the VGMOs were disseminated. The results of the study showed that brochures are the most frequent manner of disseminated materials that display the University’s VGMOs, leading to higher levels of awareness of them. The level of awareness, understanding, acceptability, and consistency of the University’s VGMOs, the College’s goals and objectives and the Department’s program objectives were analog for both male and female personnel, but the clarity levels differed significantly. Faculty members, compared to non-faculty members, have higher levels of awareness, understanding, acceptability, clarity and consistency in their recognition of BSU’s VGMOs. Keywords: university vision, mission, goals, objectives, awareness, personnel","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125719461","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}
On the 31st of December 2021, the euro celebrated its two decades in circulation. Initially, twelve countries adopted the euro as their new national currency, Greece being one of them. Starting in 2020, euro is the official currency of nineteen European Union countries. This paper aims to examine three issues. Firstly, the paper investigates Greek people’s perception about the euro, using data from the recent issue of the Eurobarometer (December 2021). Secondly, the economic performance of Greece is briefly examined by comparing the Greek Gross Domestic Product (GDP) two decades before and two decades after the introduction of euro. Finally, the Greek participation to the eurozone has been a controversial, political issue. The political developments in Greece during the first two decades of the euro are also studied, emphasizing the dramatic political events after the double elections of 2012. The period of the two decades ends with the detrimental impact of COVID-19. This issue is also mentioned by reviewing some recent publications. Keywords: Eurozone, Greece, GDP, per capita GDP, Eurobarometer, euro, elections, politics
{"title":"Greece in the Eurozone: An Evaluation of the First Two Decades","authors":"G. Papanikos","doi":"10.30958/ajbe.8-2-5","DOIUrl":"https://doi.org/10.30958/ajbe.8-2-5","url":null,"abstract":"On the 31st of December 2021, the euro celebrated its two decades in circulation. Initially, twelve countries adopted the euro as their new national currency, Greece being one of them. Starting in 2020, euro is the official currency of nineteen European Union countries. This paper aims to examine three issues. Firstly, the paper investigates Greek people’s perception about the euro, using data from the recent issue of the Eurobarometer (December 2021). Secondly, the economic performance of Greece is briefly examined by comparing the Greek Gross Domestic Product (GDP) two decades before and two decades after the introduction of euro. Finally, the Greek participation to the eurozone has been a controversial, political issue. The political developments in Greece during the first two decades of the euro are also studied, emphasizing the dramatic political events after the double elections of 2012. The period of the two decades ends with the detrimental impact of COVID-19. This issue is also mentioned by reviewing some recent publications. Keywords: Eurozone, Greece, GDP, per capita GDP, Eurobarometer, euro, elections, politics","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116219050","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}
Rural structural transformation is best defined as structural changes in the rural areas occasioned by government policies and programmes with the intention of altering the contributions of major sector of the economy for the enhancement of agricultural sector. The study aimed at investigating the impact of rural structural transformation on agricultural productivity in Nigeria. The methodology adopted for the study was Structural Autoregression (SVAR). Six variables of expenditure on education (EXPE), expenditure on health (EXPH), expenditure on electricity (EXPEL), expenditure on telecommunication (EXPTC), expenditure on roads and construction (EXPRC) and expenditure on agriculture (EXPA). Of the six explanatory variables only expenditure on agriculture was found to be negatively related to agricultural productivity, while the others were positively related to it. Several reasons of which of official corruption by the handlers of agricultural funds could possibly be one of the reasons for the negative relationship between expenditure on agriculture and agricultural productivity. Among many other recommendations was the need to provide clinics and health centres to the rural areas, provision of good and accessible roads, provision of electricity and internet facilities. This will act as motivating factors in curbing rural-urban migration, and by extension improve the lots of agricultural productivity in Nigeria. Keywords: rural, structural transformation, agricultural productivity, agricultural policies and structural VAR
{"title":"Rural Structural Transformation and Agricultural Productivity in Nigeria","authors":"A. Abiola, R. A. Adefabi","doi":"10.30958/ajbe.8-2-2","DOIUrl":"https://doi.org/10.30958/ajbe.8-2-2","url":null,"abstract":"Rural structural transformation is best defined as structural changes in the rural areas occasioned by government policies and programmes with the intention of altering the contributions of major sector of the economy for the enhancement of agricultural sector. The study aimed at investigating the impact of rural structural transformation on agricultural productivity in Nigeria. The methodology adopted for the study was Structural Autoregression (SVAR). Six variables of expenditure on education (EXPE), expenditure on health (EXPH), expenditure on electricity (EXPEL), expenditure on telecommunication (EXPTC), expenditure on roads and construction (EXPRC) and expenditure on agriculture (EXPA). Of the six explanatory variables only expenditure on agriculture was found to be negatively related to agricultural productivity, while the others were positively related to it. Several reasons of which of official corruption by the handlers of agricultural funds could possibly be one of the reasons for the negative relationship between expenditure on agriculture and agricultural productivity. Among many other recommendations was the need to provide clinics and health centres to the rural areas, provision of good and accessible roads, provision of electricity and internet facilities. This will act as motivating factors in curbing rural-urban migration, and by extension improve the lots of agricultural productivity in Nigeria. Keywords: rural, structural transformation, agricultural productivity, agricultural policies and structural VAR","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127601196","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}
The appearance and diffusion of new forms of innovation called open, lead us to question the relevance of this new paradigm, access to a reformulation of the traditional vision, dedicated to internal control of the R&D process, towards a broadening of practices, including external opportunities in terms of ideas, technologies and skills required. It is clear that the efforts of companies in the field of innovation must enable them to reach a significant level of control, which will allow them to obtain a strategic positioning in terms of competitiveness. However, the major transformations of the last 30 years, in the technological, social and economic fields, have had significant effects and a very strong impact on the level of competitiveness of companies. It is undeniable that innovation is not only the sign of the vitality of a company, according to (Schumpeter), but also, a base on which will be the sustainable economic development of a society. Several experiences in the world, show the development of innovative strategies in the field of innovation, in its different forms, which consist in implementing a policy of strengthening individual and collective initiatives, by implementing new models of support to innovation, as the model of open innovation. Indeed, this form of innovation management tends to strengthen inter-company relationships and to increase the exchange of information and cooperation between the company and its partners. The objective of this work is to highlight the challenges of open innovation, by structuring networked companies around open innovation (BCG and CMI report 2008), and the opportunities offered by the latter to companies. This new vision which, according to (Chesbrouch 2003), no longer consists in being satisfied with the internal resources of the company, but rather in relying on the capacity for innovation of multiple external stakeholders. Keywords: open innovation, co-creation, crowdsourcing, business ecosystem, network ambidextria
{"title":"Open Innovation: A New Source of Business Competitiveness","authors":"Saïd Oubaziz, Dalila Matmar","doi":"10.30958/ajbe.7-4-4","DOIUrl":"https://doi.org/10.30958/ajbe.7-4-4","url":null,"abstract":"The appearance and diffusion of new forms of innovation called open, lead us to question the relevance of this new paradigm, access to a reformulation of the traditional vision, dedicated to internal control of the R&D process, towards a broadening of practices, including external opportunities in terms of ideas, technologies and skills required. It is clear that the efforts of companies in the field of innovation must enable them to reach a significant level of control, which will allow them to obtain a strategic positioning in terms of competitiveness. However, the major transformations of the last 30 years, in the technological, social and economic fields, have had significant effects and a very strong impact on the level of competitiveness of companies. It is undeniable that innovation is not only the sign of the vitality of a company, according to (Schumpeter), but also, a base on which will be the sustainable economic development of a society. Several experiences in the world, show the development of innovative strategies in the field of innovation, in its different forms, which consist in implementing a policy of strengthening individual and collective initiatives, by implementing new models of support to innovation, as the model of open innovation. Indeed, this form of innovation management tends to strengthen inter-company relationships and to increase the exchange of information and cooperation between the company and its partners. The objective of this work is to highlight the challenges of open innovation, by structuring networked companies around open innovation (BCG and CMI report 2008), and the opportunities offered by the latter to companies. This new vision which, according to (Chesbrouch 2003), no longer consists in being satisfied with the internal resources of the company, but rather in relying on the capacity for innovation of multiple external stakeholders. Keywords: open innovation, co-creation, crowdsourcing, business ecosystem, network ambidextria","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132843466","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}
This paper is a review of literature for findings on the flow–performance relationship of mutual funds. It is noted that the discussed issue has been examined virtually exclusively in developed countries. There are no or only fragmentary findings of this kind in developing economies. Based on a survey of empirical findings, it is possible to outline the main directions of research within the strands examined by contemporary researchers and explain the basic assumptions when formulating hypotheses. Moreover, the evaluation of the existing literature lets to offer several propositions for future research. It is a preliminary paper that systematises the analysed subject matter and an introduction to an empirical study dedicated to small European mutual fund markets. Keywords: mutual funds, performance, net flows, individual investors, behavioral finance
{"title":"A Review of Main Strands on the Flow-Performance Relationship of Mutual Funds","authors":"Dariusz Filip","doi":"10.30958/AJBE.7-3-2","DOIUrl":"https://doi.org/10.30958/AJBE.7-3-2","url":null,"abstract":"This paper is a review of literature for findings on the flow–performance relationship of mutual funds. It is noted that the discussed issue has been examined virtually exclusively in developed countries. There are no or only fragmentary findings of this kind in developing economies. Based on a survey of empirical findings, it is possible to outline the main directions of research within the strands examined by contemporary researchers and explain the basic assumptions when formulating hypotheses. Moreover, the evaluation of the existing literature lets to offer several propositions for future research. It is a preliminary paper that systematises the analysed subject matter and an introduction to an empirical study dedicated to small European mutual fund markets. Keywords: mutual funds, performance, net flows, individual investors, behavioral finance","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"134 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130925613","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}
Cross-border cooperation in the early stages of a start-up might be one way of developing a sustainable and scalable business model for young enterprises. Thus, this paper is anchored at the intersection of the research areas of international Entrepreneurship and business model innovation. Its intention is to open up diverse perspectives for researchers in the field of cross-border Entrepreneurship. For this complex approach of cross-national cooperation, a theoretical framework with helpful knowledge has been developed. This work is considered relevant in view of the possible future developments in the fields of Innovation and Entrepreneurship. Global developments, such as the rapid growth of digitization, have a strong impact on the global economic situation as well as the field of Entrepreneurship (Kollmann et al. 2017). While on the one hand many people in Europe fear falling behind China and the USA when it comes to innovation, the associated potential for new, globally applicable business models is often neglected even though start-ups might have the courage to address them. However, they usually lack the resources and market access they need to implement their objectives. Therefore, this paper offers a new perspective on Transnational Entrepreneurship (TE) and demonstrates an approach for a cooperative possibility, how young companies can successfully discover cross-border market opportunities together with other start-ups and implement new business models successfully, providing a new perspective and first practical implications from action research-based pilot projects for Transnational Entrepreneurship. Furthermore, first practical implications were implemented through a university project in the challenging environment of resource constraints and cross-border communication. Keywords: transnational, entrepreneurship, cooperation, business model,
在初创企业的早期阶段进行跨境合作可能是为年轻企业发展可持续和可扩展的商业模式的一种方式。因此，本文是锚定在国际创业和商业模式创新研究领域的交叉点。其目的是为跨境创业领域的研究人员开辟不同的视角。对于这种复杂的跨国合作方法，已经发展了一个具有有用知识的理论框架。鉴于创新和企业精神领域未来可能的发展，这项工作被认为是相关的。全球发展，如数字化的快速增长，对全球经济形势以及创业领域产生了强烈的影响(Kollmann et al. 2017)。一方面，许多欧洲人担心在创新方面落后于中国和美国，另一方面，尽管初创企业可能有勇气解决这些问题，但与之相关的、全球适用的新商业模式的潜力往往被忽视。然而，它们通常缺乏实现其目标所需的资源和市场准入。因此，本文为跨国创业(TE)提供了一个新的视角，并展示了一种合作可能性的方法，即年轻公司如何与其他初创公司一起成功发现跨境市场机会并成功实施新的商业模式，为跨国创业提供了一个新的视角和第一个基于行动研究的试点项目的实际意义。此外，在资源限制和跨境沟通的挑战性环境下，通过一个大学项目实施了第一个实际影响。关键词:跨国，创业，合作，商业模式
{"title":"Transnational Entrepreneurship: A New Perspective on a Cooperative Approach towards Cross-border Entrepreneurship","authors":"C. Brandstetter, Roman Kerres, Carsten Hahn","doi":"10.30958/AJBE.7-3-4","DOIUrl":"https://doi.org/10.30958/AJBE.7-3-4","url":null,"abstract":"Cross-border cooperation in the early stages of a start-up might be one way of developing a sustainable and scalable business model for young enterprises. Thus, this paper is anchored at the intersection of the research areas of international Entrepreneurship and business model innovation. Its intention is to open up diverse perspectives for researchers in the field of cross-border Entrepreneurship. For this complex approach of cross-national cooperation, a theoretical framework with helpful knowledge has been developed. This work is considered relevant in view of the possible future developments in the fields of Innovation and Entrepreneurship. Global developments, such as the rapid growth of digitization, have a strong impact on the global economic situation as well as the field of Entrepreneurship (Kollmann et al. 2017). While on the one hand many people in Europe fear falling behind China and the USA when it comes to innovation, the associated potential for new, globally applicable business models is often neglected even though start-ups might have the courage to address them. However, they usually lack the resources and market access they need to implement their objectives. Therefore, this paper offers a new perspective on Transnational Entrepreneurship (TE) and demonstrates an approach for a cooperative possibility, how young companies can successfully discover cross-border market opportunities together with other start-ups and implement new business models successfully, providing a new perspective and first practical implications from action research-based pilot projects for Transnational Entrepreneurship. Furthermore, first practical implications were implemented through a university project in the challenging environment of resource constraints and cross-border communication. Keywords: transnational, entrepreneurship, cooperation, business model,","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132691924","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}
Rapheal Olanrewaju Babatunde, Adedayo Olufemi Adekunle, G. Opeyemi, O. Agboola
This study examined farmers’ willingness to pay for participatory poultry research in Kwara State, Nigeria using ex-ante approach. The study utilized primary data collected with the aid of structured questionnaire. A random sampling technique was utilized to select a total number of 102 poultry farmers from Poultry Association of Nigeria (PAN) Kwara State Chapter. Descriptive statistics, Contingent Valuation (CV) techniques and probit regression model were used to achieve the research objectives. The CV results showed that 64.7% of the households were willing to pay. The monthly individual aggregate WTP amount ranged from N2,000 to N6,000, and on average N 2,576 per month, generating aggregate annual values ranging from N12,000.00 to N72,000.00 and on average N30,912.00 (ceteris paribus). Probit regression model demonstrated a significant (p<0.01, p<0.05 or p<0.10) relationship between household size, educational attainment and age of the household head and WTP. The study concluded that majority of the farmers were willing to pay for participatory research. Policy makers and other relevant stakeholders should take advantage of the significant socio-economic factors influencing the decision to participate in poultry research initiatives when formulating policies. This will help improve poultry production in the country. Keywords: participatory poultry research, willingness-to-pay (WTP), probit regression
{"title":"Farmers Willingness to Pay for Participatory Poultry Research in Kwara State, Nigeria: Ex-ante Approach","authors":"Rapheal Olanrewaju Babatunde, Adedayo Olufemi Adekunle, G. Opeyemi, O. Agboola","doi":"10.30958/AJBE.7-3-1","DOIUrl":"https://doi.org/10.30958/AJBE.7-3-1","url":null,"abstract":"This study examined farmers’ willingness to pay for participatory poultry research in Kwara State, Nigeria using ex-ante approach. The study utilized primary data collected with the aid of structured questionnaire. A random sampling technique was utilized to select a total number of 102 poultry farmers from Poultry Association of Nigeria (PAN) Kwara State Chapter. Descriptive statistics, Contingent Valuation (CV) techniques and probit regression model were used to achieve the research objectives. The CV results showed that 64.7% of the households were willing to pay. The monthly individual aggregate WTP amount ranged from N2,000 to N6,000, and on average N 2,576 per month, generating aggregate annual values ranging from N12,000.00 to N72,000.00 and on average N30,912.00 (ceteris paribus). Probit regression model demonstrated a significant (p<0.01, p<0.05 or p<0.10) relationship between household size, educational attainment and age of the household head and WTP. The study concluded that majority of the farmers were willing to pay for participatory research. Policy makers and other relevant stakeholders should take advantage of the significant socio-economic factors influencing the decision to participate in poultry research initiatives when formulating policies. This will help improve poultry production in the country. Keywords: participatory poultry research, willingness-to-pay (WTP), probit regression","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"71 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124362474","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}
This study examines first-year students’ (who mostly are opening/operating bank accounts for the first time on their own) bank selection and loyalty decisions. An extensive literature review was done to develop study instruments. An exploratory analysis of 320 usable questionnaires was done. The study found in order of importance that: bank service/convenience, service quality/bank image, staff attitude/recommendations, core service/communication and customer service were factors influencing their bank selection decisions in Ghana. Also, friendly operations/regulations, relationship management, service quality/ financial benefits, client satisfaction and bank image were identified in order of importance to be responsible for their loyalty to banks in Ghana. This study reiterates to bank management that factors including quality of service, bank image, recommendation (word of mouth), employee competence, bank knowledge, customer satisfaction, price of transactions, relationship marketing and bank regulation should be at the core of their strategy development and implementation. The study is original with insightful updates and new perspectives on young adults’ bank selection and loyalty dimensions. This study is the first attempt to systematically combine bank selection and loyalty factors in a single comprehensive survey in Ghana. (JEL G21) Keywords: bank, customers, Ghana, loyalty, selection
{"title":"Revisiting Young Customers’ Bank Selection and Loyalty Decisions in Ghana","authors":"H. Ibrahim, I. Abdul-Hamid, Muhammed Abdulai","doi":"10.30958/AJBE.7-2-5","DOIUrl":"https://doi.org/10.30958/AJBE.7-2-5","url":null,"abstract":"This study examines first-year students’ (who mostly are opening/operating bank accounts for the first time on their own) bank selection and loyalty decisions. An extensive literature review was done to develop study instruments. An exploratory analysis of 320 usable questionnaires was done. The study found in order of importance that: bank service/convenience, service quality/bank image, staff attitude/recommendations, core service/communication and customer service were factors influencing their bank selection decisions in Ghana. Also, friendly operations/regulations, relationship management, service quality/ financial benefits, client satisfaction and bank image were identified in order of importance to be responsible for their loyalty to banks in Ghana. This study reiterates to bank management that factors including quality of service, bank image, recommendation (word of mouth), employee competence, bank knowledge, customer satisfaction, price of transactions, relationship marketing and bank regulation should be at the core of their strategy development and implementation. The study is original with insightful updates and new perspectives on young adults’ bank selection and loyalty dimensions. This study is the first attempt to systematically combine bank selection and loyalty factors in a single comprehensive survey in Ghana. (JEL G21) Keywords: bank, customers, Ghana, loyalty, selection","PeriodicalId":169311,"journal":{"name":"Athens Journal of Business & Economics","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125357770","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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