Explores whether the changing context of COVID-19 requires new leadership skills in organizations and, perhaps even, a new context-specific leadership theory. Fourteen professional blogs and reports related to leadership skills and practices in response to COVID-19, published in the professional online literature during the height of the pandemic (March 16 - December 20, 2020) were reviewed in terms of suggested new leadership style dimensions and contrasted with the tenets of existing academic leadership theories. The proponents of an emerging leadership style advocate that in dealing with the pandemic, leaders must be able to manage their organizations in turbulent times, lead a distributed workforce of individuals and teams, and become a resilient leader themselves. Synthesis: The analysis suggests the leadership dimensions called for during the pandemic were already present in transformational leadership theories (e.g., authentic, shared feminine, servant and crisis leadership theories) but that the pandemic provided the structural break accelerating the existing transformational leadership paradigm. COVID-19 also confirmed leadership matters and the command-and-control leadership style—still prevalent in many of our top-down bureaucratic organizations—is outdated.
{"title":"Do We Need a New Leadership Paradigm Due to Covid-19?","authors":"Lisbeth Claus","doi":"10.37391/ijbmr.090206","DOIUrl":"https://doi.org/10.37391/ijbmr.090206","url":null,"abstract":"Explores whether the changing context of COVID-19 requires new leadership skills in organizations and, perhaps even, a new context-specific leadership theory. Fourteen professional blogs and reports related to leadership skills and practices in response to COVID-19, published in the professional online literature during the height of the pandemic (March 16 - December 20, 2020) were reviewed in terms of suggested new leadership style dimensions and contrasted with the tenets of existing academic leadership theories. The proponents of an emerging leadership style advocate that in dealing with the pandemic, leaders must be able to manage their organizations in turbulent times, lead a distributed workforce of individuals and teams, and become a resilient leader themselves.\u0000\u0000Synthesis: The analysis suggests the leadership dimensions called for during the pandemic were already present in transformational leadership theories (e.g., authentic, shared feminine, servant and crisis leadership theories) but that the pandemic provided the structural break accelerating the existing transformational leadership paradigm. COVID-19 also confirmed leadership matters and the command-and-control leadership style—still prevalent in many of our top-down bureaucratic organizations—is outdated.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89353539","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 objective of this paper is to assess the relationship between The Spring 2020 COVID-19 Lockdown and the levels of crime in New York City (NYC) and London. Our proposition, derived from the Routine Activity Theory (RAT), the ‘breaches’ theory and input from the 2020 research on lockdown and crime, hypothesised that lockdown measures would lead to reductions in crime. The crime categories selected for this study were: homicide, rape, robbery, violence against a person, burglary, theft and vehicle theft. T-test, F-test and the Ordinary Least Squares (OLS) regression calculations were used to test the hypotheses. The four-month lockdown period in 2020 produced a 15% and 31% crime reduction in NYC and London, respectively. In the case of London, the overall results indicate that changes in routine human activities were indeed largely correlated with the reduction in crime. However, crime patterns in NYC in spring 2020 turned out to be inconsistent. A comparison of crime patterns under lockdown proved dissimilarity between NYC and London. The two-city comparison indicates that crime change related to lockdown may vary across crime types, places, and timespans or may have a detrimental effect on crime levels. The study may be considered suitable for replication and elaboration, particularly in view of the extended longevity of lockdown measures.
{"title":"The Impact of the Coronavirus (Sars-Cov-2) Lockdown on Crime in New York and London, March-June 2020: A Comparative Study","authors":"A. Murdoch, Caroline Byczyński","doi":"10.37391/ijbmr.090204","DOIUrl":"https://doi.org/10.37391/ijbmr.090204","url":null,"abstract":"The objective of this paper is to assess the relationship between The Spring 2020 COVID-19 Lockdown and the levels of crime in New York City (NYC) and London. Our proposition, derived from the Routine Activity Theory (RAT), the ‘breaches’ theory and input from the 2020 research on lockdown and crime, hypothesised that lockdown measures would lead to reductions in crime. The crime categories selected for this study were: homicide, rape, robbery, violence against a person, burglary, theft and vehicle theft. T-test, F-test and the Ordinary Least Squares (OLS) regression calculations were used to test the hypotheses. The four-month lockdown period in 2020 produced a 15% and 31% crime reduction in NYC and London, respectively. In the case of London, the overall results indicate that changes in routine human activities were indeed largely correlated with the reduction in crime. However, crime patterns in NYC in spring 2020 turned out to be inconsistent. A comparison of crime patterns under lockdown proved dissimilarity between NYC and London. The two-city comparison indicates that crime change related to lockdown may vary across crime types, places, and timespans or may have a detrimental effect on crime levels. The study may be considered suitable for replication and elaboration, particularly in view of the extended longevity of lockdown measures.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74646702","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 advancement of technology has brought up so many elements of ease for human beings that now humans cannot afford to think of a life without all these. But all is not about ease and comfort. Along with all these elements, there are many modern complexities as well as challenges too. Big data analytics and cloud computing are among the elements in which we face many challenges. This document discusses some of the challenges in big data analytics and cloud computing.
{"title":"Challenges in Big Data Analytics and Cloud Computing","authors":"P. M. Mohan, B. Manohar","doi":"10.37391/ijbmr.090205","DOIUrl":"https://doi.org/10.37391/ijbmr.090205","url":null,"abstract":"The advancement of technology has brought up so many elements of ease for human beings that now humans cannot afford to think of a life without all these. But all is not about ease and comfort. Along with all these elements, there are many modern complexities as well as challenges too. Big data analytics and cloud computing are among the elements in which we face many challenges. This document discusses some of the challenges in big data analytics and cloud computing.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74119893","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 advances the view that the deep confidence of market regulators in the assumptions and premises of the Efficient Market Hypothesis (EMH) has led to the underestimation of market risks, thus inactivating the market education of existing and future investors. Hence, they have not responded to financial illiteracy, which exacerbated the recent financial crisis. Investor education may be considered as a systemic risk management tool for future financial crises and, especially, financial literacy can drive a wedge between the regulation and the prevention of severe financial crises based on expected benefits versus losses. This also will help to regain investors’ trust in the market after the crisis and instill investors with more confidence. This approach has not yet received the attention it deserves.
{"title":"Financial Markets are Not Efficient: Financial Literacy as an Effective Risk Management Tool","authors":"C. Siriopoulos","doi":"10.37391/IJBMR.090110","DOIUrl":"https://doi.org/10.37391/IJBMR.090110","url":null,"abstract":"This paper advances the view that the deep confidence of market regulators in the assumptions and premises of the Efficient Market Hypothesis (EMH) has led to the underestimation of market risks, thus inactivating the market education of existing and future investors. Hence, they have not responded to financial illiteracy, which exacerbated the recent financial crisis. Investor education may be considered as a systemic risk management tool for future financial crises and, especially, financial literacy can drive a wedge between the regulation and the prevention of severe financial crises based on expected benefits versus losses. This also will help to regain investors’ trust in the market after the crisis and instill investors with more confidence. This approach has not yet received the attention it deserves.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82808048","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}
Employee engagement has attracted widespread interest over the past twenty years from the practitioner network and researchers. It is claimed that organizations that focus on growing an engagement culture will result in increasing employee productiveness, the fulfilment of the organizational objectives, and competent employee retention. However, the fundamental issues revolving around the meaning and key antecedents of employee engagement nevertheless require similar research interest [2]. The Saudi Banks are an important component of Saudi Arabia’s financial system. In light of the emerging high volume of business activities, Saudi Banks are keen to inspire worker participation and employee engagement. This behaviour will allow banks to achieve sustainable business development. In response to these issues, the present research offers the possibility to advance the knowledge of organizational culture’s influence on employee engagement. The present research adopts a qualitative approach, and the method used is a grounded theory. The data collection process adopted an issue focused approach. Interviews were conducted with banks managers and their subordinates (male- female). The findings of the present study indicate that the factors that make the greatest contribution to employee engagement were employee satisfaction, achievement recognition, and jobs that were in line with the employees’ competent. Furthermore, the results revealed that the Saudi national culture, which is rooted in Islamic belief, has an influence on employee engagement in Saudi banks. This influence manifested itself as Non-interests bearing transactions, and the female segregation rule. The outcomes of the present research contributes to the existing theory of employee engagement by providing empirical evidence regarding the engagement meaning construct and its distinctiveness from similar, alternative, well-established attitudinal constructs. Furthermore, the present research offers a framework consisting of the themes that emerged from the analysis of the present study, and the proposed interventions to maintain an employee engagement culture. Furthermore, a discussion of the analysis’ limitations and recommendations for future researches will be presented, and a conclusion will be drawn.
{"title":"Framework to Create Employee Engagement Culture in Saudi Banks","authors":"Mohamed Al Seri, Patricia J. McLauglin","doi":"10.37391/IJBMR.090305","DOIUrl":"https://doi.org/10.37391/IJBMR.090305","url":null,"abstract":"Employee engagement has attracted widespread interest over the past twenty years from the practitioner network and researchers. It is claimed that organizations that focus on growing an engagement culture will result in increasing employee productiveness, the fulfilment of the organizational objectives, and competent employee retention. However, the fundamental issues revolving around the meaning and key antecedents of employee engagement nevertheless require similar research interest [2]. The Saudi Banks are an important component of Saudi Arabia’s financial system. In light of the emerging high volume of business activities, Saudi Banks are keen to inspire worker participation and employee engagement. This behaviour will allow banks to achieve sustainable business development. In response to these issues, the present research offers the possibility to advance the knowledge of organizational culture’s influence on employee engagement. The present research adopts a qualitative approach, and the method used is a grounded theory. The data collection process adopted an issue focused approach. Interviews were conducted with banks managers and their subordinates (male- female). The findings of the present study indicate that the factors that make the greatest contribution to employee engagement were employee satisfaction, achievement recognition, and jobs that were in line with the employees’ competent. Furthermore, the results revealed that the Saudi national culture, which is rooted in Islamic belief, has an influence on employee engagement in Saudi banks. This influence manifested itself as Non-interests bearing transactions, and the female segregation rule. The outcomes of the present research contributes to the existing theory of employee engagement by providing empirical evidence regarding the engagement meaning construct and its distinctiveness from similar, alternative, well-established attitudinal constructs. Furthermore, the present research offers a framework consisting of the themes that emerged from the analysis of the present study, and the proposed interventions to maintain an employee engagement culture. Furthermore, a discussion of the analysis’ limitations and recommendations for future researches will be presented, and a conclusion will be drawn.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84935070","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}
Based on the strategic needs of countries around the world, we propose some strategic policies that reflect the global needs of white spaces of innovation and establish territories of innovation for ecosystems, and a very important advance for human kind in social innovation. The reality for clean technology and an inclusive capitalism on the base of the pyramid is a real need in a world with more than 4 billion living with less than $4 USD per day. Energy Use and Water Use demand the possibility of the existence of the humanity, because we have decades expended resources, for example the scarcity of water in Australia or the excess of crypto currency in Malta, only define a world with differences that maybe the technology but in our words the clean technology can get in the interconnected need with people of the poverty world.
{"title":"Strategic Policies for a Sustainable World","authors":"M. Umaña, G. Atencio","doi":"10.37391/ijbmr.090312","DOIUrl":"https://doi.org/10.37391/ijbmr.090312","url":null,"abstract":"Based on the strategic needs of countries around the world, we propose some strategic policies that reflect the global needs of white spaces of innovation and establish territories of innovation for ecosystems, and a very important advance for human kind in social innovation. The reality for clean technology and an inclusive capitalism on the base of the pyramid is a real need in a world with more than 4 billion living with less than $4 USD per day. Energy Use and Water Use demand the possibility of the existence of the humanity, because we have decades expended resources, for example the scarcity of water in Australia or the excess of crypto currency in Malta, only define a world with differences that maybe the technology but in our words the clean technology can get in the interconnected need with people of the poverty world.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89470756","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 Power is one’s ability to influence other people. Influence is the process of affecting the person mentally or emotionally. When employees in an organization convert their powers into action politics comes into existence. Those with good political skills have the ability to use their bases of power vigorously. Politics concerns to the ways people gain and use power. Thus, organizational politics means the use of energy, strength and influence in organizations. Many researches have been conducted in various sectors to demonstrate the impact of Organizational Politics (OP). The aim of this study was to find the impact of organizational politics on employee turnover & employee performance in case of private sector banks. This study also finds out various factors underlying employee turnover & employee performance. To achieve the object of the study questionnaire survey was used. The results show that there is a significant impact of Organizational Politics on Employee Turnover but there is no significant impact of Organizational Politics on Employee Performance among private bank employees.
{"title":"Impact of Organisational Politics on Employee Turnover and Employee Performance","authors":"Namrata Gutpta, Mayank Singhal, Sunita Chauhan","doi":"10.37391/IJBMR.090301","DOIUrl":"https://doi.org/10.37391/IJBMR.090301","url":null,"abstract":"The Power is one’s ability to influence other people. Influence is the process of affecting the person mentally or emotionally. When employees in an organization convert their powers into action politics comes into existence. Those with good political skills have the ability to use their bases of power vigorously. Politics concerns to the ways people gain and use power. Thus, organizational politics means the use of energy, strength and influence in organizations. Many researches have been conducted in various sectors to demonstrate the impact of Organizational Politics (OP). The aim of this study was to find the impact of organizational politics on employee turnover & employee performance in case of private sector banks. This study also finds out various factors underlying employee turnover & employee performance. To achieve the object of the study questionnaire survey was used. The results show that there is a significant impact of Organizational Politics on Employee Turnover but there is no significant impact of Organizational Politics on Employee Performance among private bank employees.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83676165","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}
While prior research has uncovered the impact of some national institutions on the general level of entrepreneurship in a country, there is still limited knowledge about the role of the institutional arrangements of a country on specific types of entrepreneurial activities, namely necessity versus opportunity entrepreneurship. To address this gap, we conduct a multilevel analysis using a sample of 10776 individuals from 55 diverse countries to examine how institutional factors (i.e., countries’ institutional profile and national innovation system) impact entrepreneur’s choice of pursuing a specific type of entrepreneurship. Using Hierarchical Linear Modeling, the findings indicate that neither institutional profile nor national innovation system (NIS) elements solely determine the choice between opportunity motivated entrepreneurship (OME) and necessity motivated entrepreneurship (NME); however, OME tends to be higher in instances when supportive institutional arrangements (regulatory, normative, and cognitive) toward entrepreneurship get coupled with national innovation system factors. The study contributes to a more nuanced understanding of embedded agency within the institutional logics perspective. It bridges the literature on individual and institutional antecedents of entrepreneurship. Further implications for theory and practice are discussed.
{"title":"The Joint Effect of Institutional Profile and National Innovation System on the types of Entrepreneurship","authors":"Mehdi Sharifi Khobdeh, Sogand Tayebinaz","doi":"10.37391/ijbmr.090303","DOIUrl":"https://doi.org/10.37391/ijbmr.090303","url":null,"abstract":"While prior research has uncovered the impact of some national institutions on the general level of entrepreneurship in a country, there is still limited knowledge about the role of the institutional arrangements of a country on specific types of entrepreneurial activities, namely necessity versus opportunity entrepreneurship. To address this gap, we conduct a multilevel analysis using a sample of 10776 individuals from 55 diverse countries to examine how institutional factors (i.e., countries’ institutional profile and national innovation system) impact entrepreneur’s choice of pursuing a specific type of entrepreneurship. Using Hierarchical Linear Modeling, the findings indicate that neither institutional profile nor national innovation system (NIS) elements solely determine the choice between opportunity motivated entrepreneurship (OME) and necessity motivated entrepreneurship (NME); however, OME tends to be higher in instances when supportive institutional arrangements (regulatory, normative, and cognitive) toward entrepreneurship get coupled with national innovation system factors. The study contributes to a more nuanced understanding of embedded agency within the institutional logics perspective. It bridges the literature on individual and institutional antecedents of entrepreneurship. Further implications for theory and practice are discussed.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89575076","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 purpose of this study is to identify and examine the most inspirational factor of employees’ performance in the perception of employees in the insurance companies of Bangladesh. This empirical study has been conducted through an explanatory survey design. A survey with a structured questionnaire has been conducted for collecting primary data. A convenient random sampling technique was used to collect primary data for examining the relationship between the dependent and independent variables. It means the relationship between the three components of organizational commitment and inspiration of employees’ performance; demographic factors and inspiration of employees’ performance in the insurance companies of Bangladesh. A total number of 400 structured questionnaires were distributed and received back with properly filled 378 questionnaires that were statistically used for analysis. The statistical software SPSS (IBM 26) has been used for input and processing raw data into hypothetical final results. Descriptive statistics, binary correlation, multiple regression analysis, and lastly One-Way-ANOVA have been used step by step to test the hypothetical research results. The results of this study indicated that a strong positive relationship exists between the educational ability & experience of respondents from demographic factors and inspiration of employees’ performance; continuance commitment of the respondents from components of organizational commitment and inspiration of employees’ performance in insurance companies of Bangladesh. It is suggested in this research that the organization should pay attention to continuance committed employees having a high level of education and experience.
{"title":"Factors Swaying Inspiration of Employees Performance in the Insurance Companies of Bangladesh: A Comparative Analysis Between Demographic Forces and Components of Organizational Commitment","authors":"Serena Aktar","doi":"10.37391/ijbmr.090307","DOIUrl":"https://doi.org/10.37391/ijbmr.090307","url":null,"abstract":"The purpose of this study is to identify and examine the most inspirational factor of employees’ performance in the perception of employees in the insurance companies of Bangladesh. This empirical study has been conducted through an explanatory survey design. A survey with a structured questionnaire has been conducted for collecting primary data. A convenient random sampling technique was used to collect primary data for examining the relationship between the dependent and independent variables. It means the relationship between the three components of organizational commitment and inspiration of employees’ performance; demographic factors and inspiration of employees’ performance in the insurance companies of Bangladesh. A total number of 400 structured questionnaires were distributed and received back with properly filled 378 questionnaires that were statistically used for analysis. The statistical software SPSS (IBM 26) has been used for input and processing raw data into hypothetical final results. Descriptive statistics, binary correlation, multiple regression analysis, and lastly One-Way-ANOVA have been used step by step to test the hypothetical research results. The results of this study indicated that a strong positive relationship exists between the educational ability & experience of respondents from demographic factors and inspiration of employees’ performance; continuance commitment of the respondents from components of organizational commitment and inspiration of employees’ performance in insurance companies of Bangladesh. It is suggested in this research that the organization should pay attention to continuance committed employees having a high level of education and experience.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73678293","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 article examines the uncertain conditions of the oil industry in and post crisis period in Azerbaijan Republic in 2015-2017 and during COVID-19 in 2020. Design/Methodology: Existing turmoil in the global economy and volatile oil prices affected the economies of the oil-producing countries. Such instability also affected the economy of Azerbaijan Republic and led to a decrease in its key economic indicators, which leads to apply specific methods for identifying risks and estimating its valuation. Findings: The reasons of the sharp drop in oil and oil products demand have been analysed, using the Monte Carlo techniques and with its impact on Azerbaijan Republic as an example. Practical implications: The author, compiling the forecast for the chosen methodology, clarified forecast for 2018 of oil price of Azerbaijani oil brand Azeri Light in an uncertain environment, and made forecast for coming years, based on these calculations.
{"title":"Analysis of the Price Change of the Azerbaijani Oil of Azeri Light, using the Monte-Carlo Method in the Conditions of Uncertainty","authors":"Nur-Mammadova Nigar","doi":"10.37391/IJBMR.090306","DOIUrl":"https://doi.org/10.37391/IJBMR.090306","url":null,"abstract":"Purpose: This article examines the uncertain conditions of the oil industry in and post crisis period in Azerbaijan Republic in 2015-2017 and during COVID-19 in 2020. Design/Methodology: Existing turmoil in the global economy and volatile oil prices affected the economies of the oil-producing countries. Such instability also affected the economy of Azerbaijan Republic and led to a decrease in its key economic indicators, which leads to apply specific methods for identifying risks and estimating its valuation. Findings: The reasons of the sharp drop in oil and oil products demand have been analysed, using the Monte Carlo techniques and with its impact on Azerbaijan Republic as an example. Practical implications: The author, compiling the forecast for the chosen methodology, clarified forecast for 2018 of oil price of Azerbaijani oil brand Azeri Light in an uncertain environment, and made forecast for coming years, based on these calculations.","PeriodicalId":37927,"journal":{"name":"International Journal of Management and Business Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73766471","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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