Pub Date : 2022-02-04DOI: 10.55214/jcrbef.v4i1.167
Domingo Penyalver, M. Turró
Public decision-makers must ensure that investments make economic sense and are financially sustainable. When privately financed through public-private partnership agreements, a project has to be bankable as well. In the present political setting, an investment is also expected to be analyzed in terms of its contribution to Global Environmental Objectives (GEOs) and Sustainable Development Goals (SDGs). This means producing relevant information on its contribution to environmental sustainability as well as to social and economic progress. Information on the project’s redistribution impacts is also relevant in relation to SDGs, but particularly in relation to the UNECE vision of People First. This paper emphasizes the importance of following a rigorous methodology that incorporates these redistribution effects to assess any infrastructure investment. The paper also introduces two concepts – Value for People and Value for the Future – that are key to the evaluation of a project’s contribution to socio-economic development.
{"title":"Putting People First, a Necessary Change in the Appraisal of Major Infrastructure Projects","authors":"Domingo Penyalver, M. Turró","doi":"10.55214/jcrbef.v4i1.167","DOIUrl":"https://doi.org/10.55214/jcrbef.v4i1.167","url":null,"abstract":"Public decision-makers must ensure that investments make economic sense and are financially sustainable. When privately financed through public-private partnership agreements, a project has to be bankable as well. In the present political setting, an investment is also expected to be analyzed in terms of its contribution to Global Environmental Objectives (GEOs) and Sustainable Development Goals (SDGs). This means producing relevant information on its contribution to environmental sustainability as well as to social and economic progress. Information on the project’s redistribution impacts is also relevant in relation to SDGs, but particularly in relation to the UNECE vision of People First. This paper emphasizes the importance of following a rigorous methodology that incorporates these redistribution effects to assess any infrastructure investment. The paper also introduces two concepts – Value for People and Value for the Future – that are key to the evaluation of a project’s contribution to socio-economic development.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123456239","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 : 2022-01-17DOI: 10.55214/jcrbef.v3i4.164
Jawad Saleemi
The recent pandemic is still under debate and is raising concerns about future economic perspectives. This work investigates whether liquidity is priced in various cryptocurrencies’ returns, and if the relationship has been affected during the COVID-19 period. In a particular trading session analyzed before the pandemic uncertainty, liquidity was priced in returns on Bitcoin, Cardano, and XRP. However, the findings have changed due to the pandemic crisis. During the pandemic uncertainty, liquidity was found to be priced in Cardano returns during the same trading session. In addition, the liquidity cost imposed against accepting the position of Tether on day t-1 was noted to be priced in its returns for day t.
{"title":"Crypto Market and Liquidity Risk in Environments due to Pandemic Uncertainty","authors":"Jawad Saleemi","doi":"10.55214/jcrbef.v3i4.164","DOIUrl":"https://doi.org/10.55214/jcrbef.v3i4.164","url":null,"abstract":"The recent pandemic is still under debate and is raising concerns about future economic perspectives. This work investigates whether liquidity is priced in various cryptocurrencies’ returns, and if the relationship has been affected during the COVID-19 period. In a particular trading session analyzed before the pandemic uncertainty, liquidity was priced in returns on Bitcoin, Cardano, and XRP. However, the findings have changed due to the pandemic crisis. During the pandemic uncertainty, liquidity was found to be priced in Cardano returns during the same trading session. In addition, the liquidity cost imposed against accepting the position of Tether on day t-1 was noted to be priced in its returns for day t.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128416683","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 : 2021-12-23DOI: 10.33094/26410265.2021.34.144.157
Chukwunenye N. Kocha, Marshal Iwedi, J. Sarakiri
The increasing reliance on public external debt stocks in Africa and other developing countries has raised the question of debt sustainability, especially in the face of Covid-19, which has forced many counties (both developed and developing) into an unforeseen and unplanned recession. This study contributes to the literature on debt sustainability by examining the effect of public debt on capital formation in Sub-Saharan Africa (SSA) from 2000 to 2008 using the pooled mean group estimation approach. The debt variables considered are external debt stock, debt service on external debt, and interest payment on external debt. Consistent with the overhang theory, our results show that increasing external debt stock and interest payment on external debts only have a marginal impact on capital formation in the short run and exerts a serious negative effect in the long run. Our results also show that debt service burden has a positive effect on gross fixed capital formation in the long run. Therefore, we argue that despite being faced with a huge debt service burden resulting from large external debt stock, SSA countries are not neglecting investments in critical infrastructures needed to drive economic growth. However, we recommend that increasing government revenue base, minimizing economic waste associated with public expenditure, and intensifying negotiations for debt relief may be a plausible way out.
{"title":"The Dynamic Impact of Public External Debt on Capital Formation in Sub-Saharan Africa: The Pooled Mean Group Approach","authors":"Chukwunenye N. Kocha, Marshal Iwedi, J. Sarakiri","doi":"10.33094/26410265.2021.34.144.157","DOIUrl":"https://doi.org/10.33094/26410265.2021.34.144.157","url":null,"abstract":"The increasing reliance on public external debt stocks in Africa and other developing countries has raised the question of debt sustainability, especially in the face of Covid-19, which has forced many counties (both developed and developing) into an unforeseen and unplanned recession. This study contributes to the literature on debt sustainability by examining the effect of public debt on capital formation in Sub-Saharan Africa (SSA) from 2000 to 2008 using the pooled mean group estimation approach. The debt variables considered are external debt stock, debt service on external debt, and interest payment on external debt. Consistent with the overhang theory, our results show that increasing external debt stock and interest payment on external debts only have a marginal impact on capital formation in the short run and exerts a serious negative effect in the long run. Our results also show that debt service burden has a positive effect on gross fixed capital formation in the long run. Therefore, we argue that despite being faced with a huge debt service burden resulting from large external debt stock, SSA countries are not neglecting investments in critical infrastructures needed to drive economic growth. However, we recommend that increasing government revenue base, minimizing economic waste associated with public expenditure, and intensifying negotiations for debt relief may be a plausible way out.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"178 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122566186","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 : 2021-12-23DOI: 10.33094/26410265.2021.34.158.167
Foday Joof, Alieu S Ceesay
This paper analyzes the impact of foreign currency reserve and economic growth on money supply using panel data from five West African Monetary Zone (WAMZ) member states from 2001-2019. The study employed the dynamic technique, fully modified ordinary least squares and dynamic ordinary least squares (FMOLS and DOLS), and the static method (fixed effect model) for the robustness check. The long run results showed that foreign currency reserves (FCR) have a positive impact on money supply, implying that a one percent increase in FCR augments money supply (M2) by 2.87%, 0.44% and 0.08%, respectively, in the long run. Similarly, economic growth is associated with an increase in money supply in both models. Furthermore, the Dumitrescu & Hurlin (2012) estimation revealed a feedback association between foreign currency reserve and money supply. This means that foreign reserves and money supply are complementary. Conversely, a unidirectional causality moving from economic growth to M2 is observed, demonstrating that economic growth causes M2. This outcome is explained by the quantity theory of money (QTM) in which the velocity of money is a positive function of total money supply. As money circulates in the economy as a result of a surge in investments, this consequently increases money stock. Similarly, investment opportunities that are being exploited day-by-day explains the growing money stock (WAMI, 2018). Central banks should endeavor to monitor the expansionary influence of net foreign assets (NFA) on money supply growth in the WAMZ by establishing suitable methods to sterilize foreign exchange infusions into the economy.
{"title":"Impact of Foreign Reserves and Economic Growth on Money Supply: Evidence from the WAMZ Countries","authors":"Foday Joof, Alieu S Ceesay","doi":"10.33094/26410265.2021.34.158.167","DOIUrl":"https://doi.org/10.33094/26410265.2021.34.158.167","url":null,"abstract":"This paper analyzes the impact of foreign currency reserve and economic growth on money supply using panel data from five West African Monetary Zone (WAMZ) member states from 2001-2019. The study employed the dynamic technique, fully modified ordinary least squares and dynamic ordinary least squares (FMOLS and DOLS), and the static method (fixed effect model) for the robustness check. The long run results showed that foreign currency reserves (FCR) have a positive impact on money supply, implying that a one percent increase in FCR augments money supply (M2) by 2.87%, 0.44% and 0.08%, respectively, in the long run. Similarly, economic growth is associated with an increase in money supply in both models. Furthermore, the Dumitrescu & Hurlin (2012) estimation revealed a feedback association between foreign currency reserve and money supply. This means that foreign reserves and money supply are complementary. Conversely, a unidirectional causality moving from economic growth to M2 is observed, demonstrating that economic growth causes M2. This outcome is explained by the quantity theory of money (QTM) in which the velocity of money is a positive function of total money supply. As money circulates in the economy as a result of a surge in investments, this consequently increases money stock. Similarly, investment opportunities that are being exploited day-by-day explains the growing money stock (WAMI, 2018). Central banks should endeavor to monitor the expansionary influence of net foreign assets (NFA) on money supply growth in the WAMZ by establishing suitable methods to sterilize foreign exchange infusions into the economy.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114222820","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 : 2021-09-13DOI: 10.33094/26410265.2021.33.128.143
Mustafa Özyeşil
The aim of this study is to comparatively analyze the backtest performances of trading disciplines applied in various portfolio baskets (Bist 30, 50 and 100) for different investment periods (short term – ytd and long term). According to the results of the analysis, it has been determined that in all trading disciplines, the investor has a higher return than the benchmark indicator in a 5-year term, that is, they can earn abnormal returns. Also, the return in the 5-year term is much higher than the 1-year and YTD returns. In the P / E & MA model, the Bist - 50 index in the 5-year period and the Bist - 100 index in the 1-year period provide the maximum return, while according to the P / E model, the Bist-30 and Bist -50 indices provide optimum returns in all maturity options. Based on these findings, it can be expected that if the trading disciplines used in this study are applied in a long term such as 5 years and on the portfolio basket consisting of Bist-30 and Bist-50 industrial stocks, it will maximize returns. In terms of risk and return, in YTD period, the sharpe and treynor ratios of the model portfolio formed in all trading disciplines except M /B trading discipline were lower than in 1 year in the 5-year investment period. This situation arose due to the increased risk of the portfolio as a result of the extended maturity and is in line with our expectations.
{"title":"Comparison of Technical and Fundamental Analysis Trading Disciplines on Portfoilo Performance: Short and Long Term Backtest Analysis on Borsa İstanbul National Stock Indices","authors":"Mustafa Özyeşil","doi":"10.33094/26410265.2021.33.128.143","DOIUrl":"https://doi.org/10.33094/26410265.2021.33.128.143","url":null,"abstract":"The aim of this study is to comparatively analyze the backtest performances of trading disciplines applied in various portfolio baskets (Bist 30, 50 and 100) for different investment periods (short term – ytd and long term). According to the results of the analysis, it has been determined that in all trading disciplines, the investor has a higher return than the benchmark indicator in a 5-year term, that is, they can earn abnormal returns. Also, the return in the 5-year term is much higher than the 1-year and YTD returns. In the P / E & MA model, the Bist - 50 index in the 5-year period and the Bist - 100 index in the 1-year period provide the maximum return, while according to the P / E model, the Bist-30 and Bist -50 indices provide optimum returns in all maturity options. Based on these findings, it can be expected that if the trading disciplines used in this study are applied in a long term such as 5 years and on the portfolio basket consisting of Bist-30 and Bist-50 industrial stocks, it will maximize returns. In terms of risk and return, in YTD period, the sharpe and treynor ratios of the model portfolio formed in all trading disciplines except M /B trading discipline were lower than in 1 year in the 5-year investment period. This situation arose due to the increased risk of the portfolio as a result of the extended maturity and is in line with our expectations.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127788650","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 : 2019-09-13DOI: 10.33094/26410265.2019.12.16.29
Echekoba Felix Nwaolisa, Ubesie Madubuko Cyril
This study was on the assessment of financial deepening on the growth of Nigerian -economy 1990¬-2016. The main objective of this study is to evaluate the effect of private sector credit, money supply and market capitalization on economic growth in Nigeria. The sources of data for this study are CBN statistical Bulletin and National Bureau of Statistics. The data obtained were analyzed using ordinary least square regression (OLS). The result of the analyses showed that the three independent variables of the study all have significant effect on Nigerian financial deepening. It was therefore recommended that policy makers should consider reducing impediments to liquidity in the stock market, easing restrictions on international capital and entry into the market to ensure that more companies are listed, policies aimed to reduce the high incidence of non performing credits to ensure that private sector credits are channeled to the real sector of the economy and monetary authorities should implement policies that increase the flow of investible funds and improves the capacity of banks to extend credit to the economy as this will make broad money supply and private sector, to significantly impact on economic growth in Nigeria.
{"title":"Assessment of Financial Deepening on the Growth of Nigerian Economy: 1990-2016","authors":"Echekoba Felix Nwaolisa, Ubesie Madubuko Cyril","doi":"10.33094/26410265.2019.12.16.29","DOIUrl":"https://doi.org/10.33094/26410265.2019.12.16.29","url":null,"abstract":"This study was on the assessment of financial deepening on the growth of Nigerian -economy 1990¬-2016. The main objective of this study is to evaluate the effect of private sector credit, money supply and market capitalization on economic growth in Nigeria. The sources of data for this study are CBN statistical Bulletin and National Bureau of Statistics. The data obtained were analyzed using ordinary least square regression (OLS). The result of the analyses showed that the three independent variables of the study all have significant effect on Nigerian financial deepening. It was therefore recommended that policy makers should consider reducing impediments to liquidity in the stock market, easing restrictions on international capital and entry into the market to ensure that more companies are listed, policies aimed to reduce the high incidence of non performing credits to ensure that private sector credits are channeled to the real sector of the economy and monetary authorities should implement policies that increase the flow of investible funds and improves the capacity of banks to extend credit to the economy as this will make broad money supply and private sector, to significantly impact on economic growth in Nigeria.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127179800","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 : 2019-04-03DOI: 10.33094/26410265.2019.12.30.36
M. Afzal, S. Ahmed, M. W. Shahzad
Trade comprises both merchandize and services trade. However, the former has over eclipsed the latter. Today services trade has also emerged an important component of international trade. Recent studies show that services trade is rapidly growing which assigns relative importance to services trade in developing economies. This study focused on Pakistan and empirically compared services and merchandise trade for the period 2001-2016. Model-I provided robust results. Merchandised trade has positive and significant impact on economic growth of Pakistan. Trade promotion not only depends on domestic economic conditions but also on favourable global economic scenario. Model-II estimation results are visibly different from that of Model-I. Services trade has negative impact on economic growth. Services exports have remained well below services imports that culminated in negative impact on economic growth. Pakistan policy makers may address the services trade seriously in order take care of adverse services trade balance that could be made possible by exploring weak areas of services exports with emphasis on innovation and information technology development.
{"title":"Impact of Merchandize and Services Trade on Economic Growth of Pakistan","authors":"M. Afzal, S. Ahmed, M. W. Shahzad","doi":"10.33094/26410265.2019.12.30.36","DOIUrl":"https://doi.org/10.33094/26410265.2019.12.30.36","url":null,"abstract":"Trade comprises both merchandize and services trade. However, the former has over eclipsed the latter. Today services trade has also emerged an important component of international trade. Recent studies show that services trade is rapidly growing which assigns relative importance to services trade in developing economies. This study focused on Pakistan and empirically compared services and merchandise trade for the period 2001-2016. Model-I provided robust results. Merchandised trade has positive and significant impact on economic growth of Pakistan. Trade promotion not only depends on domestic economic conditions but also on favourable global economic scenario. Model-II estimation results are visibly different from that of Model-I. Services trade has negative impact on economic growth. Services exports have remained well below services imports that culminated in negative impact on economic growth. Pakistan policy makers may address the services trade seriously in order take care of adverse services trade balance that could be made possible by exploring weak areas of services exports with emphasis on innovation and information technology development.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122023181","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 : 2019-03-15DOI: 10.33094/26410265.2019.11.12.15
Tijjani Muhammad, D. Mamman, Mujitaba Abubakar Tangaza
Islamic bank has received a warm welcome since after 2009 financial crisis; the Islamic bank had been selected as an alternative to a conventional banking system. Despite its momentum growth, Islamic finance is covered with contemporary controversies and challenges in operation and regulatory reform. The paper advocates contemporary solutions that address these challenges.
{"title":"Controversies and Challenges of Islamic Banking: Analysis of Regulatory Reform","authors":"Tijjani Muhammad, D. Mamman, Mujitaba Abubakar Tangaza","doi":"10.33094/26410265.2019.11.12.15","DOIUrl":"https://doi.org/10.33094/26410265.2019.11.12.15","url":null,"abstract":"Islamic bank has received a warm welcome since after 2009 financial crisis; the Islamic bank had been selected as an alternative to a conventional banking system. Despite its momentum growth, Islamic finance is covered with contemporary controversies and challenges in operation and regulatory reform. The paper advocates contemporary solutions that address these challenges.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129983956","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 : 2019-03-05DOI: 10.33094/26410265.2019.11.1.11
R. Hosseini
Entrepreneurship emphasizes creativity, innovation, effort, commitment, and riskiness. Entrepreneurs in the industry are a factor in product innovation, increased wealth and job creation. Entrepreneur for innovation and creativity must have a spirit of risk and responsibility, purpose-oriented, realistic, transformative, willing, high self-confidence, intellectual, high-skilled, expert, and forward-thinking. The aim of this study, analyzing the role of the entrepreneurship in the growth and development of the country's industry. In this research, it has been tried by reviewing scientific sources and examples of studies qualitatively can be done analysis of the information and data collected. Therefore, it can be concluded in the industrial and economic system of entrepreneurs, the same innovators and owners of ideas and ideas, the main capital and infrastructure are in sustainable development. According to the results of this study, Entrepreneurship is the Foundation of growth and development in the industry and plays a fundamental role in the development of the industry.
{"title":"Role of the Entrepreneurship in the Development of Industry","authors":"R. Hosseini","doi":"10.33094/26410265.2019.11.1.11","DOIUrl":"https://doi.org/10.33094/26410265.2019.11.1.11","url":null,"abstract":"Entrepreneurship emphasizes creativity, innovation, effort, commitment, and riskiness. Entrepreneurs in the industry are a factor in product innovation, increased wealth and job creation. Entrepreneur for innovation and creativity must have a spirit of risk and responsibility, purpose-oriented, realistic, transformative, willing, high self-confidence, intellectual, high-skilled, expert, and forward-thinking. The aim of this study, analyzing the role of the entrepreneurship in the growth and development of the country's industry. In this research, it has been tried by reviewing scientific sources and examples of studies qualitatively can be done analysis of the information and data collected. Therefore, it can be concluded in the industrial and economic system of entrepreneurs, the same innovators and owners of ideas and ideas, the main capital and infrastructure are in sustainable development. According to the results of this study, Entrepreneurship is the Foundation of growth and development in the industry and plays a fundamental role in the development of the industry.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134594957","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 : 1900-01-01DOI: 10.33094/26410265.2021.33.109.127
S. Abdo, D. Edgar
This paper investigates the process and strategies used by a pharmaceutical MNE in Egypt to acquire, assimilate, transform, apply and protect its knowledge for the purpose of achieving innovation. The analysis is conducted through the lens of absorptive capacity theory and based on seven interviews with key stakeholders to explore how knowledge protection practices and supporting mechanisms were applied to achieve innovation and organizational effectiveness., Thematic analysis reveals that Knowledge infrastructure capabilities constitute the backbone of knowledge processing capabilities, supported by other constituents such as appropriability regime mechanisms, the role of management (HRM), knowledge management approach, knowledge hiding, and the absorptive capacity. The study concludes that successful knowledge management is a byproduct of integrating knowledge infrastructure capability with processing capabilities, and mediated by knowledge hiding mechanisms and strategies. The findings offer a valuable empirical perspective from a pharmaceutical MNE operating in Egypt and provide new insights into the nature of the intermediating influences of knowledge management processes that lead to innovation and superior organizational performance.
{"title":"Knowledge Hiding as an Unprecedented Auxiliary in the Knowledge Management Process for Protection and to Achieve Innovation: The Case of a Pharmaceutical MNE Operating in Egypt","authors":"S. Abdo, D. Edgar","doi":"10.33094/26410265.2021.33.109.127","DOIUrl":"https://doi.org/10.33094/26410265.2021.33.109.127","url":null,"abstract":"This paper investigates the process and strategies used by a pharmaceutical MNE in Egypt to acquire, assimilate, transform, apply and protect its knowledge for the purpose of achieving innovation. The analysis is conducted through the lens of absorptive capacity theory and based on seven interviews with key stakeholders to explore how knowledge protection practices and supporting mechanisms were applied to achieve innovation and organizational effectiveness., Thematic analysis reveals that Knowledge infrastructure capabilities constitute the backbone of knowledge processing capabilities, supported by other constituents such as appropriability regime mechanisms, the role of management (HRM), knowledge management approach, knowledge hiding, and the absorptive capacity. The study concludes that successful knowledge management is a byproduct of integrating knowledge infrastructure capability with processing capabilities, and mediated by knowledge hiding mechanisms and strategies. The findings offer a valuable empirical perspective from a pharmaceutical MNE operating in Egypt and provide new insights into the nature of the intermediating influences of knowledge management processes that lead to innovation and superior organizational performance.","PeriodicalId":369772,"journal":{"name":"Journal of Contemporary Research in Business, Economics and Finance","volume":"33 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113935627","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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