Purpose — This research examines the effects of loss of confidence caused by tax cuts in the UK on the domestic and worldwide economies.Method — The G-Cubed model is used to simulate a 5% shock to risk premiums in the UK. G-Cubed is a multi-country, multisector, intertemporal general equilibrium model used to analyse a range of policies in international commerce, tax reform, and environmental regulation. Combining the finest elements of three study fields—econometric general equilibrium modelling, international trade theory, and contemporary macroeconomics—is intended to close the gaps between them.Result — UK currency surplus in non-shocked nations leads to exchange rate decline and capital flight, reducing the capital stock and raising interest rates. Loss of confidence prompts households to discount income, resulting in lower domestic consumption and increased savings, coupled with a decrease in private investment. The UK currency's decline improves net exports but eventually causes a drop in real GDP, with falling investment and consumption exceeding rising net exports. Capital outflows and depreciation lead to inflation, mainly in the short term. However, capital outflows from the UK benefit non-shocked countries by raising capital, investment, capital stock, consumption, and real GDP.Contribution — The present study contributes to the academic literature by offering novel insights into the impact of loss of confidence caused by tax cuts on the economies in both, the UK and other countries, by employing G-Cubed model.
{"title":"Impact of loss of confidence in the UK on the domestic and global economy","authors":"M. Ramadhan","doi":"10.20414/jed.v5i2.6782","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6782","url":null,"abstract":"Purpose — This research examines the effects of loss of confidence caused by tax cuts in the UK on the domestic and worldwide economies.Method — The G-Cubed model is used to simulate a 5% shock to risk premiums in the UK. G-Cubed is a multi-country, multisector, intertemporal general equilibrium model used to analyse a range of policies in international commerce, tax reform, and environmental regulation. Combining the finest elements of three study fields—econometric general equilibrium modelling, international trade theory, and contemporary macroeconomics—is intended to close the gaps between them.Result — UK currency surplus in non-shocked nations leads to exchange rate decline and capital flight, reducing the capital stock and raising interest rates. Loss of confidence prompts households to discount income, resulting in lower domestic consumption and increased savings, coupled with a decrease in private investment. The UK currency's decline improves net exports but eventually causes a drop in real GDP, with falling investment and consumption exceeding rising net exports. Capital outflows and depreciation lead to inflation, mainly in the short term. However, capital outflows from the UK benefit non-shocked countries by raising capital, investment, capital stock, consumption, and real GDP.Contribution — The present study contributes to the academic literature by offering novel insights into the impact of loss of confidence caused by tax cuts on the economies in both, the UK and other countries, by employing G-Cubed model.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82592929","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}
Joseph Asante Darkwah, David Boohene, Cephas Paa Kwasi Coffie, Amma Addae-Nketiah, A. Maxwell, Jacob Owusu Sarfo
Purpose — This paper mainly studies how human development (value-added per worker) and control of corruption (CRPT) impact FDI inflows in sub-Saharan Africa. It also highlights the contributions of gross domestic product (GDP), inflation, population growth, natural resources, and political stability to foreign direct investment (FDI) inflows into sub-Saharan Africa (SSA).Method — The study employs the dynamic panel GMM model to estimate the factors that influence the region's foreign direct investment (FDI). The data span for the research was 33 years (1984 -2016).Result — The survey shows a strong connection between FDI inflow, human development, and corruption control. While human development has a beneficial influence, controlling corruption has an uncomplimentary impact on the growth of FDI in SSA.Contribution — There is a gap concerning human development and corruption control in SSA and how they impact FDI inflows. Researchers have attempted to establish this relationship, but they have mostly opted for individual countries and not predominantly in the Sub-Saharan region. This study contributes to the literature by concentrating on these variables (value added per worker and control of corruption) and how they interact with FDI inflows in the Sub-Saharan region.
{"title":"Human development, corruption control, and foreign direct investment revisited: the case of sub-Saharan Africa","authors":"Joseph Asante Darkwah, David Boohene, Cephas Paa Kwasi Coffie, Amma Addae-Nketiah, A. Maxwell, Jacob Owusu Sarfo","doi":"10.20414/jed.v5i2.6809","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6809","url":null,"abstract":"Purpose — This paper mainly studies how human development (value-added per worker) and control of corruption (CRPT) impact FDI inflows in sub-Saharan Africa. It also highlights the contributions of gross domestic product (GDP), inflation, population growth, natural resources, and political stability to foreign direct investment (FDI) inflows into sub-Saharan Africa (SSA).Method — The study employs the dynamic panel GMM model to estimate the factors that influence the region's foreign direct investment (FDI). The data span for the research was 33 years (1984 -2016).Result — The survey shows a strong connection between FDI inflow, human development, and corruption control. While human development has a beneficial influence, controlling corruption has an uncomplimentary impact on the growth of FDI in SSA.Contribution — There is a gap concerning human development and corruption control in SSA and how they impact FDI inflows. Researchers have attempted to establish this relationship, but they have mostly opted for individual countries and not predominantly in the Sub-Saharan region. This study contributes to the literature by concentrating on these variables (value added per worker and control of corruption) and how they interact with FDI inflows in the Sub-Saharan region.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84036047","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}
Purpose — This study aims to investigate the impact of celebrity endorsement, halal labels, and Word of Mouth on the purchasing intention of skincare products among millennials.Method — This study employs a quantitative research methodology, utilizing non-probability purposive sampling technique to select a sample of 200 millennial respondents who have used Safi skincare products. The data collection method involves the use of a questionnaire distributed through Google Forms, which consists of primary data collected directly from the respondents. The research data is analyzed using outer model analysis and inner model, as part of the data processing procedures.Result — The study findings indicate an insignificant effect of celebrity endorsement and halal labels on the purchasing intention of skincare products among millennials, whereas the influence of Word of Mouth on purchasing intention is positively and significantly supported.Contribution — This study provides new and important insights into the preferences and behavior of millennial consumers in the skincare market.
{"title":"Do celebrity endorsement, halal label, and Word of Mouth affect Millennials to purchase skincare?","authors":"Radia Sabita, Ahmad Mardalis","doi":"10.20414/jed.v5i2.6968","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6968","url":null,"abstract":"Purpose — This study aims to investigate the impact of celebrity endorsement, halal labels, and Word of Mouth on the purchasing intention of skincare products among millennials.Method — This study employs a quantitative research methodology, utilizing non-probability purposive sampling technique to select a sample of 200 millennial respondents who have used Safi skincare products. The data collection method involves the use of a questionnaire distributed through Google Forms, which consists of primary data collected directly from the respondents. The research data is analyzed using outer model analysis and inner model, as part of the data processing procedures.Result — The study findings indicate an insignificant effect of celebrity endorsement and halal labels on the purchasing intention of skincare products among millennials, whereas the influence of Word of Mouth on purchasing intention is positively and significantly supported.Contribution — This study provides new and important insights into the preferences and behavior of millennial consumers in the skincare market.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83215924","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. Oginni, S. O. Omoyele, I. O. Ayantunji, Folakemi O. Larnre-Babalola, Ramat A. Balogun
Purpose — The productivity challenge confronting small businesses in developing countries has been identified among others to include entrepreneurs’ characteristics. The objective of the study was to investigate the effects of entrepreneurs’ characteristics on the business productivity of SMEs in Nigeria and anchored on the entrepreneur’s innovativeness, experience, orientation, and risk-taking propensity.Method — It was a cross-sectional study carried out among entrepreneurs of SMEs in Southwest Nigeria using a descriptive research survey design. Respondents were selected using a convenience sampling technique. A sample size of 400 respondents was selected for the study, and descriptive statistics such as frequencies and percentages were adopted for data analysis. The hypotheses formulated were tested using chi-square at 0.05 level of significance.Result — The result of the study revealed that an entrepreneur’s characteristics, such as innovativeness, experiences, orientation, and risk-taking propensity, significantly impact productivity. However, innovativeness and risk-taking were paramount among other entrepreneurial characteristics of SMEs in Nigeria.Contribution — The result validated the works of the earlier scholars in the study area and contributed to expanding literature on how entrepreneurs’ characteristics, especially their innovativeness, experience, orientation, and desire to take risks, can solve small business challenges in developing economies.
{"title":"Nexus between entrepreneurial characteristics and small business productivity in Nigeria","authors":"B. Oginni, S. O. Omoyele, I. O. Ayantunji, Folakemi O. Larnre-Babalola, Ramat A. Balogun","doi":"10.20414/jed.v5i2.6835","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6835","url":null,"abstract":"Purpose — The productivity challenge confronting small businesses in developing countries has been identified among others to include entrepreneurs’ characteristics. The objective of the study was to investigate the effects of entrepreneurs’ characteristics on the business productivity of SMEs in Nigeria and anchored on the entrepreneur’s innovativeness, experience, orientation, and risk-taking propensity.Method — It was a cross-sectional study carried out among entrepreneurs of SMEs in Southwest Nigeria using a descriptive research survey design. Respondents were selected using a convenience sampling technique. A sample size of 400 respondents was selected for the study, and descriptive statistics such as frequencies and percentages were adopted for data analysis. The hypotheses formulated were tested using chi-square at 0.05 level of significance.Result — The result of the study revealed that an entrepreneur’s characteristics, such as innovativeness, experiences, orientation, and risk-taking propensity, significantly impact productivity. However, innovativeness and risk-taking were paramount among other entrepreneurial characteristics of SMEs in Nigeria.Contribution — The result validated the works of the earlier scholars in the study area and contributed to expanding literature on how entrepreneurs’ characteristics, especially their innovativeness, experience, orientation, and desire to take risks, can solve small business challenges in developing economies.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82704398","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}
Purpose — The study examines the nexus between financial liberalization and the economic growth of ECOWAS member states.Method — The longitudinal and latitudinal survey research design (expo-facto) is used in this study. Data are sourced from the World Bank and IMF Data Set for 2012-2020 and employed panel co-integration and system GMM for analyses.Result — We found that financial liberalization significantly impacts the economic growth of selected ECOWAS member countries. Similarly, the domestic economy's openness significantly impacts economic growth. While financial development exerts a positive impact, exchange rate and inflation negatively impact economic growth, the impact of interest rate is positive but insignificant.Contribution — The study provides cross-country evidence on the empirical nexus between financial liberalization and the economic growth from ECOWAS member states. To the best of authors’ knowledge, the study is one of the few studies on cross-country financial liberalization and the economic growth and used the panel data regression analysis. By this, the study covers a methodological gap, using a technique that can account for endogeneity and omitted variable problem.
{"title":"Financial liberalization and economic growth in the ECOWAS Sub-Region","authors":"Eghosa Lawson Igbinovia, I. Igbinovia","doi":"10.20414/jed.v5i2.6944","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6944","url":null,"abstract":"Purpose — The study examines the nexus between financial liberalization and the economic growth of ECOWAS member states.Method — The longitudinal and latitudinal survey research design (expo-facto) is used in this study. Data are sourced from the World Bank and IMF Data Set for 2012-2020 and employed panel co-integration and system GMM for analyses.Result — We found that financial liberalization significantly impacts the economic growth of selected ECOWAS member countries. Similarly, the domestic economy's openness significantly impacts economic growth. While financial development exerts a positive impact, exchange rate and inflation negatively impact economic growth, the impact of interest rate is positive but insignificant.Contribution — The study provides cross-country evidence on the empirical nexus between financial liberalization and the economic growth from ECOWAS member states. To the best of authors’ knowledge, the study is one of the few studies on cross-country financial liberalization and the economic growth and used the panel data regression analysis. By this, the study covers a methodological gap, using a technique that can account for endogeneity and omitted variable problem.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78362009","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}
Purpose — Travelling preferences and expectations play a dominant role in influencing tourists’ decision-making and choice of destination. Tourism sector is undergoing recovery from COVID-19, showing strong signs of change with the surge in domestic tourism in the Indian state of Madhya Pradesh. People’s priorities and expectations post-COVID-19 are going through continuous reformations under several socioeconomic and psychological makeup. Therefore, the research is conducted with the prerogative of understanding the traveling preferences of tourists post-COVID-19 towards the choice of tourism products.Method — The research follows a descriptive cum explanatory research design to study tourism prospects in Madhya Pradesh, known as Tiger state of India, which is popular for wilderness indigenous or heritage tourism. The data is collected through close-ended questionnaire from prominent tourist locations of Madhya Pradesh during 3-4 months of peak season and analyzed through descriptive statistics. Result — The study reflects the expectations of tourists concerning factors such as safety, hygiene, public works, quality of services, etc which affect their decision for choosing a destination and likelihood areas of expenditure.Contribution — The study is a unique account of research work on prospects of domestic tourism in Madhya Pradesh post-COVID-19. It fills the existing gap in the literature and will be facilitative for further studies and marketers alike for bringing resilience to the sector, understanding tourist’s preferences after any health or national emergencies.
{"title":"Traveling preferences in Madhya Pradesh post COVID-19","authors":"Namrata Kishnani, Vivek Sharma","doi":"10.20414/jed.v5i2.6899","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6899","url":null,"abstract":"Purpose — Travelling preferences and expectations play a dominant role in influencing tourists’ decision-making and choice of destination. Tourism sector is undergoing recovery from COVID-19, showing strong signs of change with the surge in domestic tourism in the Indian state of Madhya Pradesh. People’s priorities and expectations post-COVID-19 are going through continuous reformations under several socioeconomic and psychological makeup. Therefore, the research is conducted with the prerogative of understanding the traveling preferences of tourists post-COVID-19 towards the choice of tourism products.Method — The research follows a descriptive cum explanatory research design to study tourism prospects in Madhya Pradesh, known as Tiger state of India, which is popular for wilderness indigenous or heritage tourism. The data is collected through close-ended questionnaire from prominent tourist locations of Madhya Pradesh during 3-4 months of peak season and analyzed through descriptive statistics. Result — The study reflects the expectations of tourists concerning factors such as safety, hygiene, public works, quality of services, etc which affect their decision for choosing a destination and likelihood areas of expenditure.Contribution — The study is a unique account of research work on prospects of domestic tourism in Madhya Pradesh post-COVID-19. It fills the existing gap in the literature and will be facilitative for further studies and marketers alike for bringing resilience to the sector, understanding tourist’s preferences after any health or national emergencies.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91111914","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}
Paul Akumbom, Mary-Juliet Bime Egwu, Peter Ngek Shillie
Purpose — Often people's hesitation to accept new technology stems from a misconception of what technology truly entails. Pictures of future robots and robotics typically spring to mind when people think of technology. Many poor nations rely heavily on agriculture for their survival. Most of the world's impoverished population works in agriculture and lives in rural regions. Indirectly and directly, it contributes to expanding industries and providing food for the world's population. This paper investigates the effects of agricultural technology adoption on poverty reduction.Method — The study adopted both the survey and causal research designs. The researcher employed purposive and snow ball sampling techniques. A total of 384 households were sampled for the study. Data for this study was gotten with the help of a structured questionnaire from household in Tubah Sub-Division of Cameroon and was analysed using inferential statistics.Result — This study revealed that consumable and durable inputs significantly positively affect agricultural productivity in the sub-division at 1% and 5% degree of significance respectively. The results further showed that agricultural productivity had a mediating positive effect on poverty reduction at 1% degree of significance.Contribution — Most studies on agricultural technology adoption in developing countries only focus on short-term impacts. In contrast, this study provides information on the long-term effects of technology adoption on farmers' livelihoods and the environment.
{"title":"Agricultural technology adoption, productivity, and poverty reduction in Cameroon: A mediating analysis","authors":"Paul Akumbom, Mary-Juliet Bime Egwu, Peter Ngek Shillie","doi":"10.20414/jed.v5i2.6839","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6839","url":null,"abstract":"Purpose — Often people's hesitation to accept new technology stems from a misconception of what technology truly entails. Pictures of future robots and robotics typically spring to mind when people think of technology. Many poor nations rely heavily on agriculture for their survival. Most of the world's impoverished population works in agriculture and lives in rural regions. Indirectly and directly, it contributes to expanding industries and providing food for the world's population. This paper investigates the effects of agricultural technology adoption on poverty reduction.Method — The study adopted both the survey and causal research designs. The researcher employed purposive and snow ball sampling techniques. A total of 384 households were sampled for the study. Data for this study was gotten with the help of a structured questionnaire from household in Tubah Sub-Division of Cameroon and was analysed using inferential statistics.Result — This study revealed that consumable and durable inputs significantly positively affect agricultural productivity in the sub-division at 1% and 5% degree of significance respectively. The results further showed that agricultural productivity had a mediating positive effect on poverty reduction at 1% degree of significance.Contribution — Most studies on agricultural technology adoption in developing countries only focus on short-term impacts. In contrast, this study provides information on the long-term effects of technology adoption on farmers' livelihoods and the environment.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84458170","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}
X. Mendoza, Jerico Tadeo, Jaypee M. Dacanay, Arnold Nicholas Marla, Chiel Aszhnie B. Vergara
Purpose — One of the fairtrade's major purposes is to raise the socio-economic of small-scale farmers. Numerous studies have found that fairtrade has a beneficial effect on farmers' profitability. Meanwhile, this study focused on the product management strategies of enterprises engaged in fair trade products.Method — The researchers used 50 legally registered enterprises located and operated in the province of Cavite. The significant findings were drawn and analyzed using a descriptive research design.Result — It was discovered that the majority of respondents were sole proprietors with few employees, had been in business for less than three years, and had an average initial capital of Php 3,000,000.00 or less. The product management strategies were very effective, and the majority of the participants used package labeling, fair pricing, and personal branding. Furthermore, the study identified challenges encountered in the implementation of product management strategies, such as poor consumer knowledge about packaging, financial resources that affect product pricing, and consumers' lack of brand exposure.Contribution — The study provides detailed product management practices or strategies among fairtrade products, which will serve as a springboard for status quo analysis and baseline studies to explore and develop pandemic- and post-pandemic-sensitive resilient strategies that will promote the sustainability of fairtrade enterprises.
{"title":"Enterprise management strategies in agricultural fairtrade products","authors":"X. Mendoza, Jerico Tadeo, Jaypee M. Dacanay, Arnold Nicholas Marla, Chiel Aszhnie B. Vergara","doi":"10.20414/jed.v5i2.6837","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6837","url":null,"abstract":"Purpose — One of the fairtrade's major purposes is to raise the socio-economic of small-scale farmers. Numerous studies have found that fairtrade has a beneficial effect on farmers' profitability. Meanwhile, this study focused on the product management strategies of enterprises engaged in fair trade products.Method — The researchers used 50 legally registered enterprises located and operated in the province of Cavite. The significant findings were drawn and analyzed using a descriptive research design.Result — It was discovered that the majority of respondents were sole proprietors with few employees, had been in business for less than three years, and had an average initial capital of Php 3,000,000.00 or less. The product management strategies were very effective, and the majority of the participants used package labeling, fair pricing, and personal branding. Furthermore, the study identified challenges encountered in the implementation of product management strategies, such as poor consumer knowledge about packaging, financial resources that affect product pricing, and consumers' lack of brand exposure.Contribution — The study provides detailed product management practices or strategies among fairtrade products, which will serve as a springboard for status quo analysis and baseline studies to explore and develop pandemic- and post-pandemic-sensitive resilient strategies that will promote the sustainability of fairtrade enterprises.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89744781","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}
Purpose — Halal assurance guides Muslims in production and consumption to create a strong belief in utilizing it. This study analyzes the halal assurance climate creation and sharia social financing from micro waqf banks.Method — The research used a qualitative method with a case study approach at the Lan Taburo micro waqf bank, Lebak regency, Banten province, Indonesia. Data sources from managers and customers of food processing businesses using interview techniques and data analysis using triangulation.Result — The research shows that micro waqf banks need instruments like desire to engage in the halal assurance process, becoming the key requirement for customers, incentives for registration, education, and training, direction and monitoring, and evaluation of halal assurance evaluations.Micro waqf banks are sharia social and financial institutions providing financing and micro-small entrepreneurs assistance for productive communities. It is necessary to increase the awareness of managers and customers regarding the importance of halal assurance as an integration of sharia social financing.Contribution — This study recommends the government or financial services authority to implement halal assurance as a requirement for micro waqf bank customers to encourage small micro-entrepreneurs by creating a climate of halal assurance for the processing products.
{"title":"Halal assurance climate creation in processing products for micro waqf bank customers","authors":"Muhamad Fauzi, M. Mahmudin, Fadhli Fathul Haq","doi":"10.20414/jed.v5i1s.6915","DOIUrl":"https://doi.org/10.20414/jed.v5i1s.6915","url":null,"abstract":"Purpose — Halal assurance guides Muslims in production and consumption to create a strong belief in utilizing it. This study analyzes the halal assurance climate creation and sharia social financing from micro waqf banks.Method — The research used a qualitative method with a case study approach at the Lan Taburo micro waqf bank, Lebak regency, Banten province, Indonesia. Data sources from managers and customers of food processing businesses using interview techniques and data analysis using triangulation.Result — The research shows that micro waqf banks need instruments like desire to engage in the halal assurance process, becoming the key requirement for customers, incentives for registration, education, and training, direction and monitoring, and evaluation of halal assurance evaluations.Micro waqf banks are sharia social and financial institutions providing financing and micro-small entrepreneurs assistance for productive communities. It is necessary to increase the awareness of managers and customers regarding the importance of halal assurance as an integration of sharia social financing.Contribution — This study recommends the government or financial services authority to implement halal assurance as a requirement for micro waqf bank customers to encourage small micro-entrepreneurs by creating a climate of halal assurance for the processing products.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87830714","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}
Purpose — This study examines the effect of Government Expenditure (GE) on key sectors of the economy and Stock Market Performance (SMP) in Nigeria.Method — Statistics Bulletin published by the Central Bank of Nigeria (CBN) was utilized as source for time series data between 1980 and 2021. SMP is proxied with MCAP and ASI while expenditure on agriculture, defense, education, and health formed components of government expenditure. The FM-OLS and ARDL methodology were adopted to determine the GE's short and long-term impact on SMP in Nigeria. ADF unit root testing, correlation analysis, Engle and Granger co-integration analysis, and preliminary descriptive statistics testing were all carried out.Result — The outcome indicates that all through the long and short term, GE on education, defense and agriculture have significant influence of SMP in the long run via MCAP channel. GE on defense and agriculture significantly affects SMP in the short run via ASI channel. Hence, this study concludes that GE components are key determinants in explaining the effect of government spending on SMP in Nigeria. The magnitude of this effect is a function of stock market proxy used.Contribution — This study provides empirical evidence on the impact of government spending on key sectors of the economy on stock market performance in Nigeria using two proxies (market capitalization and all share index) in short run and longrun.
{"title":"Government expenditure on key sectors of the economy and stock market performance in Nigeria","authors":"Osagie Osifo, S. Abusomwan","doi":"10.20414/jed.v5i2.6736","DOIUrl":"https://doi.org/10.20414/jed.v5i2.6736","url":null,"abstract":"Purpose — This study examines the effect of Government Expenditure (GE) on key sectors of the economy and Stock Market Performance (SMP) in Nigeria.Method — Statistics Bulletin published by the Central Bank of Nigeria (CBN) was utilized as source for time series data between 1980 and 2021. SMP is proxied with MCAP and ASI while expenditure on agriculture, defense, education, and health formed components of government expenditure. The FM-OLS and ARDL methodology were adopted to determine the GE's short and long-term impact on SMP in Nigeria. ADF unit root testing, correlation analysis, Engle and Granger co-integration analysis, and preliminary descriptive statistics testing were all carried out.Result — The outcome indicates that all through the long and short term, GE on education, defense and agriculture have significant influence of SMP in the long run via MCAP channel. GE on defense and agriculture significantly affects SMP in the short run via ASI channel. Hence, this study concludes that GE components are key determinants in explaining the effect of government spending on SMP in Nigeria. The magnitude of this effect is a function of stock market proxy used.Contribution — This study provides empirical evidence on the impact of government spending on key sectors of the economy on stock market performance in Nigeria using two proxies (market capitalization and all share index) in short run and longrun.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84761789","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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