I. Ozimek, G. Maciejewski, Pavol Kita, Julita Szlachciuk
Abstract Aim/purpose – The paper aims to present a preliminary consumer typology based on the declared nutritional behaviors and selected lifestyle elements of Polish and Slovak consumers. Design/methodology/approach – The research was conducted in the first half of 2019, among non-randomly selected subjects representing their households from Poland and Slovakia. The empirical part of the work is based on the results of research employing a structured standardized interview. Cluster analysis was used in the analysis of the results. Findings – The results of the research showed that the eating behaviors of Polish and Slovak consumers differ. Some Polish and Slovak consumers follow the principles of healthy eating. Among Polish consumers we distinguished four types of consumers: I – “Driven by the principles of healthy eating”; II – “Implementing the principles of healthy eating”; III – “Ordinary bread eaters”; IV – “Consciously unaware.” In turn, among Slovak consumers, we distinguished also fourth types: I – “Driven by the principles of healthy eating”; II – “Exercise and drink milk!”; III – “Not attaching importance to healthy eating”; IV – “Eat tastily and healthily.” The distinguished types of consumers can be the basis for the food market segmentation. Knowledge of the typology based on declared eating behaviors and selected aspects of the lifestyle may enable food producers to develop an appropriate marketing strategy. Research implications/limitations – A certain limitation may be the non-random sample selection. An important aspect would also be to expand the analyzed research thread with additional aspects related to eating behavior and lifestyle. Another limitation is that the clusters were delivered in two separate processes for Poland and Slovakia, respectively. As a result, the clusters are different and represent two different typologies. Originality/value/contribution – The research may be an important source of information for researchers dealing with consumer typology. The distinguished types of consumers can be the basis for the food market segmentation.
{"title":"A typology of consumers by their nutritional behaviors and selected lifestyle elements","authors":"I. Ozimek, G. Maciejewski, Pavol Kita, Julita Szlachciuk","doi":"10.22367/jem.2023.45.05","DOIUrl":"https://doi.org/10.22367/jem.2023.45.05","url":null,"abstract":"Abstract Aim/purpose – The paper aims to present a preliminary consumer typology based on the declared nutritional behaviors and selected lifestyle elements of Polish and Slovak consumers. Design/methodology/approach – The research was conducted in the first half of 2019, among non-randomly selected subjects representing their households from Poland and Slovakia. The empirical part of the work is based on the results of research employing a structured standardized interview. Cluster analysis was used in the analysis of the results. Findings – The results of the research showed that the eating behaviors of Polish and Slovak consumers differ. Some Polish and Slovak consumers follow the principles of healthy eating. Among Polish consumers we distinguished four types of consumers: I – “Driven by the principles of healthy eating”; II – “Implementing the principles of healthy eating”; III – “Ordinary bread eaters”; IV – “Consciously unaware.” In turn, among Slovak consumers, we distinguished also fourth types: I – “Driven by the principles of healthy eating”; II – “Exercise and drink milk!”; III – “Not attaching importance to healthy eating”; IV – “Eat tastily and healthily.” The distinguished types of consumers can be the basis for the food market segmentation. Knowledge of the typology based on declared eating behaviors and selected aspects of the lifestyle may enable food producers to develop an appropriate marketing strategy. Research implications/limitations – A certain limitation may be the non-random sample selection. An important aspect would also be to expand the analyzed research thread with additional aspects related to eating behavior and lifestyle. Another limitation is that the clusters were delivered in two separate processes for Poland and Slovakia, respectively. As a result, the clusters are different and represent two different typologies. Originality/value/contribution – The research may be an important source of information for researchers dealing with consumer typology. The distinguished types of consumers can be the basis for the food market segmentation.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"10 1","pages":"68 - 101"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79202345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to determine the effect of cash flow, profitability and sales growth on share prices and analyze the effect of cash flow, profitability and sales growth on stock prices with a capital structure as a variable in banking companies listed on the Indonesia stock exchange for the 2015–2019 period. Sampling using purposive sampling so that the number of samples taken is 34 companies with 5 years of observation with a total sample of 170 samples. This study uses secondary data, data collection techniques using documentation studies and literature studies and the method used is path testing. The results of this study indicate that profitability has a significant effect on capital structure, while cash flow and sales growth have no significant effect on capital structure in banking companies listed on the IDX for the 2015–2019 period. Cash flow, sales growth and capital structure have a significant effect on stock prices, while profitability has no significant effect on stock prices in banking companies listed on the IDX for the 2015–2019 period. The capital structure can mediate the effect of cash flow, profitability and sales growth on stock prices in banking companies listed on the IDX for the 2015–2019 period.
{"title":"The Influence of Cash Flow, Profitability, and Sales Growth on Stock Prices With Capital Structure as Intervening Variables in Banking Companies Listed on the Indonesia Stock Exchange 2015-2019","authors":"Monica Angelin Nasution, Tengku Mella Syafrian Putri, Ahmad Sani, Syamsul Bahri Syamsul Bahri","doi":"10.54209/iem.v1i01.5","DOIUrl":"https://doi.org/10.54209/iem.v1i01.5","url":null,"abstract":"This study aims to determine the effect of cash flow, profitability and sales growth on share prices and analyze the effect of cash flow, profitability and sales growth on stock prices with a capital structure as a variable in banking companies listed on the Indonesia stock exchange for the 2015–2019 period. Sampling using purposive sampling so that the number of samples taken is 34 companies with 5 years of observation with a total sample of 170 samples. This study uses secondary data, data collection techniques using documentation studies and literature studies and the method used is path testing. The results of this study indicate that profitability has a significant effect on capital structure, while cash flow and sales growth have no significant effect on capital structure in banking companies listed on the IDX for the 2015–2019 period. Cash flow, sales growth and capital structure have a significant effect on stock prices, while profitability has no significant effect on stock prices in banking companies listed on the IDX for the 2015–2019 period. The capital structure can mediate the effect of cash flow, profitability and sales growth on stock prices in banking companies listed on the IDX for the 2015–2019 period.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75160206","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}
Abstract Aim/purpose – This paper analyzes the role of Benford’s law in the detection of earnings management in Poland. Previous research that uses Benford’s law does not split the sample into a fraud and a control group; however, this method is used in logistic regression and data mining analysis. Design/methodology/approach – The sample comprises 126 observations of Polish non-financial companies listed on the Warsaw Stock Exchange for the years 2010-2021. The author uses first, second, and first-two digits analysis as a proxy for earnings management detection. Findings – The results indicate that fraudulent companies have different deviations in the digits than control firms. Accordingly, the statistical test results indicate that control companies have weaker conformity with the Benford distribution than fraudulent companies. Research implications/limitations – The study sample is limited to 126 observations, which is due to the small number of listed firms that received a monetary fine from the Polish Financial Supervision Authority (UKNF Board) for violation of IAS/IFRS principles related to their financial statements during the study period. Originality/value/contribution – The author offers a significant contribution to the accounting literature by proposing the separation of fraudulent and control observations in Benford analysis due to differences in the deviations of digits. Also, analyzing the full sample may lead to the identification of inappropriate areas for further auditor analysis.
{"title":"Applying Benford’s law to detect earnings management","authors":"Marek Sylwestrzak","doi":"10.22367/jem.2023.45.10","DOIUrl":"https://doi.org/10.22367/jem.2023.45.10","url":null,"abstract":"Abstract Aim/purpose – This paper analyzes the role of Benford’s law in the detection of earnings management in Poland. Previous research that uses Benford’s law does not split the sample into a fraud and a control group; however, this method is used in logistic regression and data mining analysis. Design/methodology/approach – The sample comprises 126 observations of Polish non-financial companies listed on the Warsaw Stock Exchange for the years 2010-2021. The author uses first, second, and first-two digits analysis as a proxy for earnings management detection. Findings – The results indicate that fraudulent companies have different deviations in the digits than control firms. Accordingly, the statistical test results indicate that control companies have weaker conformity with the Benford distribution than fraudulent companies. Research implications/limitations – The study sample is limited to 126 observations, which is due to the small number of listed firms that received a monetary fine from the Polish Financial Supervision Authority (UKNF Board) for violation of IAS/IFRS principles related to their financial statements during the study period. Originality/value/contribution – The author offers a significant contribution to the accounting literature by proposing the separation of fraudulent and control observations in Benford analysis due to differences in the deviations of digits. Also, analyzing the full sample may lead to the identification of inappropriate areas for further auditor analysis.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"15 1","pages":"216 - 236"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81986815","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}
Abstract Aim/purpose – This study examined the impact of public sector spending and governance on economic growth in Sub-Saharan Africa (SSA) and further assessed the role of governance in the causal relationship between public sector spending and economic growth in the sub-region. Design/methodology/approach – The study employed the Panel Corrected Standard Errors (PCSE) estimator on data spanning the period 2002 to 2020 across a sample of 31 selected countries in SSA. To check for the robustness of the results, we adopted the Dumitrescu and Hurlin (2012) panel non-causality test to detect Granger causality in the relationships among the variables. Findings – The findings show that spending in the public sectors alone, such as education and health, does not always yield the needed outcome of promoting economic growth. Government education expenditure stimulates economic growth in SSA, albeit the effect is statistically insignificant, whereas government health expenditure has a growth-limiting effect in SSA. The results reveal that government effectiveness, rule of law, political stability, and absence of violence/terrorism are among the governance indicators that can help to fast-track economic prosperity in SSA. However, the results further show that good governance can act as a stimulant to invigorate the effectiveness of public sector spending in achieving economic growth in SSA. The growth-enhancing complementary role of good governance to public sector spending is robust across all governance indicators except political stability for government education spending and regulatory quality for government health spending. Research implications/limitations – The findings imply that strengthening good governance in SSA is non-negotiable in managing and using public funds allocated to the public sectors and in achieving sustainable economic growth, poverty alleviation, and income inequality reduction in the sub-region. However, the findings of this study are limited to the SSA region and may not apply to other regions of the globe. Originality/value/contribution – The contribution of this paper is that it examines the moderation effect of governance in the causal relationship between public spending and economic growth in SSA while accounting for cross-sectional dependence. The paper also contributes to the existing literature by using disaggregated governance and public sector spending components to ascertain the robustness of the results and better inform policy.
摘要目的/目的:本研究考察了撒哈拉以南非洲(SSA)公共部门支出和治理对经济增长的影响，并进一步评估了治理在该次区域公共部门支出和经济增长之间的因果关系中的作用。设计/方法/方法-本研究采用面板校正标准误差(PCSE)估计器，对SSA 31个选定国家的2002年至2020年的样本数据进行估计。为了检验结果的稳健性，我们采用了Dumitrescu and Hurlin(2012)面板非因果检验来检测变量之间关系的格兰杰因果关系。调查结果-调查结果表明，仅在教育和卫生等公共部门的支出并不总能产生促进经济增长所需的结果。政府教育支出刺激了SSA的经济增长，但这种效应在统计上不显著，而政府卫生支出对SSA的经济增长有限制作用。结果显示，政府效率、法治、政治稳定和没有暴力/恐怖主义是有助于SSA快速实现经济繁荣的治理指标。然而，结果进一步表明，良好的治理可以作为一种兴奋剂，激发公共部门支出在实现SSA经济增长方面的有效性。除了政府教育支出的政治稳定性和政府卫生支出的监管质量外，善治对公共部门支出的促进增长的补充作用在所有治理指标中都很强劲。研究意义/限制-研究结果表明，在管理和使用分配给公共部门的公共资金以及在次区域实现可持续经济增长、减轻贫困和减少收入不平等方面，加强SSA的善治是不可谈判的。然而，本研究的结果仅限于SSA地区，可能不适用于全球其他地区。原创性/价值/贡献——本文的贡献在于，它在考虑横截面依赖的情况下，检验了治理在公共支出与SSA经济增长因果关系中的调节作用。本文还通过使用分类治理和公共部门支出组成部分来确定结果的稳健性并更好地为政策提供信息，从而对现有文献做出了贡献。
{"title":"Public sector spending, governance, and economic growth in Sub-Saharan Africa","authors":"Sulemana Mumuni, A. Njong","doi":"10.22367/jem.2023.45.08","DOIUrl":"https://doi.org/10.22367/jem.2023.45.08","url":null,"abstract":"Abstract Aim/purpose – This study examined the impact of public sector spending and governance on economic growth in Sub-Saharan Africa (SSA) and further assessed the role of governance in the causal relationship between public sector spending and economic growth in the sub-region. Design/methodology/approach – The study employed the Panel Corrected Standard Errors (PCSE) estimator on data spanning the period 2002 to 2020 across a sample of 31 selected countries in SSA. To check for the robustness of the results, we adopted the Dumitrescu and Hurlin (2012) panel non-causality test to detect Granger causality in the relationships among the variables. Findings – The findings show that spending in the public sectors alone, such as education and health, does not always yield the needed outcome of promoting economic growth. Government education expenditure stimulates economic growth in SSA, albeit the effect is statistically insignificant, whereas government health expenditure has a growth-limiting effect in SSA. The results reveal that government effectiveness, rule of law, political stability, and absence of violence/terrorism are among the governance indicators that can help to fast-track economic prosperity in SSA. However, the results further show that good governance can act as a stimulant to invigorate the effectiveness of public sector spending in achieving economic growth in SSA. The growth-enhancing complementary role of good governance to public sector spending is robust across all governance indicators except political stability for government education spending and regulatory quality for government health spending. Research implications/limitations – The findings imply that strengthening good governance in SSA is non-negotiable in managing and using public funds allocated to the public sectors and in achieving sustainable economic growth, poverty alleviation, and income inequality reduction in the sub-region. However, the findings of this study are limited to the SSA region and may not apply to other regions of the globe. Originality/value/contribution – The contribution of this paper is that it examines the moderation effect of governance in the causal relationship between public spending and economic growth in SSA while accounting for cross-sectional dependence. The paper also contributes to the existing literature by using disaggregated governance and public sector spending components to ascertain the robustness of the results and better inform policy.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"153 1","pages":"147 - 181"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74374165","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}
Occupational health and safety (K3) has a very important aspect of the effectiveness and smoothness of a company's production system. In this study, the authors aim to analyze the level of awareness of employees on the importance of occupational health and safety at PT Karya Tanah Subur (KTS). The approach used is a descriptive approach method, namely by means of interviews, direct observation, and also a review of literature. This aims to determine the level of awareness of employees working at PT. KTS against K3 that will occur. The results of the analysis obtained, the authors state that the employees at PT. KTS is aware of occupational health and safety PT KTS. This can be proven from company data, namely the number of work accident rates in the company's production process is very small. In addition, the level of compliance of employees of PT. KTS towards implementing occupational health and safety programs can be implemented properly.
职业健康与安全(K3)对公司生产体系的有效性和平顺性有着非常重要的影响。在本研究中，作者旨在分析PT Karya Tanah Subur (KTS)员工对职业健康与安全重要性的认识水平。使用的方法是描述性方法，即通过访谈，直接观察和文献综述的方法。这旨在确定在PT. KTS工作的员工对即将发生的K3的认识水平。根据所获得的分析结果，作者指出，PT. KTS的雇员意识到PT. KTS的职业健康和安全。这一点可以从公司数据中得到证明，即公司生产过程中工作事故率的数量非常少。此外，PT. KTS员工在执行职业健康与安全计划方面的合规水平可以得到适当的执行。
{"title":"Analysis of Employee's Awareness Level of Occupational Health and Safety at PT. Works of Fertilizer Land","authors":"Afzalul Fajar, Yusnaidi","doi":"10.54209/iem.v1i01.4","DOIUrl":"https://doi.org/10.54209/iem.v1i01.4","url":null,"abstract":"Occupational health and safety (K3) has a very important aspect of the effectiveness and smoothness of a company's production system. In this study, the authors aim to analyze the level of awareness of employees on the importance of occupational health and safety at PT Karya Tanah Subur (KTS). The approach used is a descriptive approach method, namely by means of interviews, direct observation, and also a review of literature. This aims to determine the level of awareness of employees working at PT. KTS against K3 that will occur. The results of the analysis obtained, the authors state that the employees at PT. KTS is aware of occupational health and safety PT KTS. This can be proven from company data, namely the number of work accident rates in the company's production process is very small. In addition, the level of compliance of employees of PT. KTS towards implementing occupational health and safety programs can be implemented properly.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83154132","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}
Hanin Khalisharani, M. Sabri, I. Johan, Nik Ahmad Sufian Burhan, Ahmad Nasir Mohd Yusof
Children away from their parents while pursuing higher education at universities face new challenges in managing their finances and preparing to be financially independent. This study analysed and compared the effects of parental financial socialisation and financial literacy on Indonesian and Malaysian university students' financial behaviour. In total, 204 students from the Faculty of Human Ecology at IPB University and Universiti Putra Malaysia participated in the study. Data were gathered using a self-reporting questionnaire using the convenience sampling method. The independent sample t-test and multiple regression analysis were performed on the data. The results of the t-test showed that Malaysian students scored significantly higher in parental financial socialisation and financial behaviour but lower in financial literacy than Indonesian students. Moreover, the regression analyses revealed that parental financial socialisation and students' financial literacy were highly significant in influencing the sampled students' financial behaviour. However, by splitting the sample based on the student's country of origin, this study demonstrated that Malaysian students' financial behaviour was only significantly influenced by parental financial socialisation, while Indonesian students' financial behaviour was only significantly determined by financial literacy. These findings implied that Malaysian parents were more involved in shaping their children's financial behaviour or decisions. In contrast, Indonesian students were more independent from their parents, and their financial literacy level predominantly influenced their financial behaviour.
{"title":"The Influence of Parental Financial Socialisation and Financial Literacy on University Student's Financial Behaviour","authors":"Hanin Khalisharani, M. Sabri, I. Johan, Nik Ahmad Sufian Burhan, Ahmad Nasir Mohd Yusof","doi":"10.47836/ijeam.16.3.06","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.06","url":null,"abstract":"Children away from their parents while pursuing higher education at universities face new challenges in managing their finances and preparing to be financially independent. This study analysed and compared the effects of parental financial socialisation and financial literacy on Indonesian and Malaysian university students' financial behaviour. In total, 204 students from the Faculty of Human Ecology at IPB University and Universiti Putra Malaysia participated in the study. Data were gathered using a self-reporting questionnaire using the convenience sampling method. The independent sample t-test and multiple regression analysis were performed on the data. The results of the t-test showed that Malaysian students scored significantly higher in parental financial socialisation and financial behaviour but lower in financial literacy than Indonesian students. Moreover, the regression analyses revealed that parental financial socialisation and students' financial literacy were highly significant in influencing the sampled students' financial behaviour. However, by splitting the sample based on the student's country of origin, this study demonstrated that Malaysian students' financial behaviour was only significantly influenced by parental financial socialisation, while Indonesian students' financial behaviour was only significantly determined by financial literacy. These findings implied that Malaysian parents were more involved in shaping their children's financial behaviour or decisions. In contrast, Indonesian students were more independent from their parents, and their financial literacy level predominantly influenced their financial behaviour.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"56 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87476013","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}
Maryam Jameelah Hashim, M. R. Khamis, Nur Afizah Muhamad Arifin, Idris Osman
This study aimed to investigate whether intellectual capital (IC) impacts the performance of microfinance institutions (MFIs). This study also attempted to uncover the effect of microfinance institution specification (banks or non-banks) as a moderating variable in the association between intellectual capital and MFIs performance. There were 300 respondents, however, only 156 managers answered the structured questionnaires that were sent out using the purposive sample technique. The partial least square structural equation modeling (PLS-SEM) was used to analyze the research model in this study. The findings show that human capital and structural capital have a favorable impact on MFI performance. This influence, however, does not extend to the MFIs' customer capital and social capital. Furthermore, the research model can explain 59.9 percent of the significant variance in MFI performance. This study contributes to the theoretical expansion of the resource-based view (RBV) in forecasting the MFIs success. The framework suggested in this study can be used as a reference to assist MFIs management in selecting relevant intellectual capital aspects to improve Malaysian MFIs.
{"title":"Bank Specific as Moderator Between Intellectual Capital and The Performance of Malaysian Microfinance Institutions","authors":"Maryam Jameelah Hashim, M. R. Khamis, Nur Afizah Muhamad Arifin, Idris Osman","doi":"10.47836/ijeam.16.3.09","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.09","url":null,"abstract":"This study aimed to investigate whether intellectual capital (IC) impacts the performance\u0000of microfinance institutions (MFIs). This study also attempted to uncover the effect of microfinance institution specification (banks or non-banks) as a moderating variable in the association between intellectual capital and MFIs performance. There were 300 respondents, however, only 156 managers answered the structured questionnaires that were sent out using the purposive sample technique. The partial least square structural equation modeling (PLS-SEM) was used to analyze the research model in this study. The findings show that human capital and structural capital have a favorable impact on MFI performance. This influence, however, does not extend to the MFIs' customer capital and social capital. Furthermore, the research model can explain 59.9 percent of the significant variance in MFI performance. This study contributes to the theoretical expansion of the resource-based view (RBV) in forecasting the MFIs success. The framework suggested in this study can be used as a reference to assist MFIs management in selecting relevant intellectual capital aspects to improve Malaysian MFIs.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89215497","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}
Andrew Tek WEI SAW, AI YEE OOI, Woon Kan Yap, Z. Patrick, S. Salam
This study assesses the non-performing loans of conventional and Islamic banks as well as the influence of ownership on the non-performing loans of conventional and Islamic banks. Due to fundamental differences in Islamic and conventional bank such as funding, non-performing loans might have differing effects on Islamic and conventional banks. This study utilised data of 26 conventional banks and 16 Islamic banks from Malaysia from 2012 to 2020. A Random Effect model was used to investigate the difference between conventional and Islamic banks’ non-performing loans as well as the influence of ownership on non-performing loans of conventional and Islamic banks. Results showed no significant differences for non-performing loans of conventional and Islamic banks. This result implies that despite the fact that Islamic banks may benefit from lower agency costs, this does not considerably decrease the likelihood of non-performing loans. Foreign Islamic banks shows higher non-performing loans in comparison to domestic Islamic banks. However, there were no significant differences for non-performing loans between foreign conventional and domestic conventional banks. This study suggests that Islamic bankers, particularly those intending to expand into other countries, investigate nonperforming loans, which can impact the risk of a foreign Islamic bank.
{"title":"Bank Ownership and Non-Performing Loans of Islamic and Conventional Banks in An Emerging Economy","authors":"Andrew Tek WEI SAW, AI YEE OOI, Woon Kan Yap, Z. Patrick, S. Salam","doi":"10.47836/ijeam.16.3.05","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.05","url":null,"abstract":"This study assesses the non-performing loans of conventional and Islamic banks as well as the influence of ownership on the non-performing loans of conventional and Islamic\u0000banks. Due to fundamental differences in Islamic and conventional bank such as funding, non-performing loans might have differing effects on Islamic and conventional banks. This study utilised data of 26 conventional banks and 16 Islamic banks from Malaysia from 2012 to 2020. A Random Effect model was used to investigate the difference between conventional and Islamic banks’ non-performing loans as well as the influence of ownership on non-performing loans of conventional and Islamic banks. Results showed no significant differences for non-performing loans of conventional and Islamic banks. This result implies that despite the fact that Islamic banks may benefit from lower agency costs, this does not considerably decrease the likelihood of non-performing loans. Foreign Islamic banks shows higher non-performing loans in comparison to domestic Islamic banks. However, there were no significant differences for non-performing loans between foreign conventional and domestic conventional banks. This study suggests that Islamic bankers, particularly those intending to expand into other countries, investigate nonperforming loans, which can impact the risk of a foreign Islamic bank.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82951251","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study evaluates the effectiveness of central bank policy in influencing intention to use a new payment platform, QRIS (Quick Response code Indonesian Standard). The evaluation is hindered by the contemporaneous emergence of the COVID-19 pandemic, which acts as a confounding factor in adopting the new payment instrument. To disentangle the effect of those variables, we collected data from 617 respondents consisting of customers and merchants, employed a structural equation model with SmartPLS, asses fourteen hypotheses with demographic factors included as moderating factors. The result of the study successfully disentangles the policy impact from the pandemic impact and separates the risk of a pandemic from common risks. We verify that the pandemic and government intervention had significant direct and indirect effects on the intention to use QRIS, with the habit being the most influential component, outperforming other technology adoption determinants. This study, therefore, contributes to the advancement of the literature on the topic of technology adoption and government intervention and suggests that this measuring approach can be used as a complementary instrument to assess the impact of central bank policy on the public.
{"title":"Measuring Central Bank’s Policy Effectiveness in Affecting Intention to Use New Payment Platform During The COVID-19 Pandemic","authors":"Wishnu. Badrawani","doi":"10.47836/ijeam.16.3.04","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.04","url":null,"abstract":"This study evaluates the effectiveness of central bank policy in influencing intention to use a new payment platform, QRIS (Quick Response code Indonesian Standard). The evaluation is hindered by the contemporaneous emergence of the COVID-19 pandemic, which acts as a confounding factor in adopting the new payment instrument. To disentangle the effect of those variables, we collected data from 617 respondents consisting of customers and merchants, employed a structural equation model with SmartPLS, asses fourteen hypotheses with demographic factors included as moderating factors. The result of the study successfully disentangles the policy impact from the pandemic impact and separates the risk of a pandemic from common risks. We verify that the pandemic and government intervention had significant direct and indirect effects on the intention to use QRIS, with the habit being the most influential component, outperforming other technology adoption determinants. This study, therefore, contributes to the advancement of the literature on the topic of technology adoption and government intervention and suggests that this measuring approach can be used as a complementary instrument to assess the impact of central bank policy on the public.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91081227","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}
Elgilani Elshareif, M. Kabir, Davide Contu, M. Mujahed
COVID-19 has been impacting stock markets worldwide. Yet, a scant amount of research has been done on the stock markets of the Gulf Cooperation Council (GCC) markets. In this work, we aim to investigate whether and to what extent local and international events linked to the COVID-19 outbreak have impacted stock market volatility of the GCC countries. We model stocks’ returns of these countries between January and December 2020, decomposing the errors’ heteroskedasticity to account for main international and local events related to COVID-19. These events have been included as structural breaks and measured using dichotomous variables. Both local and international events were found to be associated with significant variations in volatility; however, local events seem to have impacted volatility to a lesser extent compared to international events. The announcement of the status of pandemic by the WHO had the greatest impact on volatility across the GCC markets, even greater than the impact associated to the drop in oil prices. The announcement of local approval of vaccine led to a reduction in volatility in UAE (ADX), Qatar, Saudi Arabia and Bahrain.
{"title":"Do Vaccines’ Announcements Cure Stock Market Volatility? Evidence From the Gulf Cooperation Council (GCC) Markets","authors":"Elgilani Elshareif, M. Kabir, Davide Contu, M. Mujahed","doi":"10.47836/ijeam.16.3.07","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.07","url":null,"abstract":"COVID-19 has been impacting stock markets worldwide. Yet, a scant amount of research\u0000has been done on the stock markets of the Gulf Cooperation Council (GCC) markets. In this work, we aim to investigate whether and to what extent local and international events linked to the COVID-19 outbreak have impacted stock market volatility of the GCC countries. We model stocks’ returns of these countries between January and December 2020, decomposing the errors’ heteroskedasticity to account for main international and local events related to COVID-19. These events have been included as structural breaks and measured using dichotomous variables. Both local and international events were found to be associated with significant variations in volatility; however, local events seem to have impacted volatility to a lesser extent compared to international events. The announcement of the status of pandemic by the WHO had the greatest impact on volatility across the GCC markets, even greater than the impact associated to the drop in oil prices. The announcement of local approval of vaccine led to a reduction in volatility in UAE (ADX), Qatar, Saudi Arabia and Bahrain.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81913972","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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