Pub Date : 2021-07-03DOI: 10.1080/15475778.2021.1947170
Fredrick Ikpesu
Abstract The banking sector in the past decade has been known to play a germane role in the development of any economy through its financial intermediation function. However, the financial intermediation of banks which is a major prerequisite for growth can be hindered by inflation. This study examines the effect of banking sector credit on inflation and growth in thirty-five sub-Saharan African economies for the periods 2000 and 2016. The panel vector error correction model (PVECM) technique was employed in analyzing the data. The study outcome indicates that banking sector credit affects inflation positively and growth negatively in SSA economies. Besides, the study found a bi-directional causality between banking sector credits and inflation. Hence, the government in sub-Saharan Africa countries should continue to design and implement an appropriate monetary policy to ensure optimal bank credit that will enhance growth in the region while keeping inflation level under control. The study also recommends the need for financial sector policy reform that will promote fiscal discipline, deepen the financial market, enhance credit availability, and keep inflation under control.
{"title":"Banking sector credit, inflation and growth in sub-Saharan African countries","authors":"Fredrick Ikpesu","doi":"10.1080/15475778.2021.1947170","DOIUrl":"https://doi.org/10.1080/15475778.2021.1947170","url":null,"abstract":"Abstract The banking sector in the past decade has been known to play a germane role in the development of any economy through its financial intermediation function. However, the financial intermediation of banks which is a major prerequisite for growth can be hindered by inflation. This study examines the effect of banking sector credit on inflation and growth in thirty-five sub-Saharan African economies for the periods 2000 and 2016. The panel vector error correction model (PVECM) technique was employed in analyzing the data. The study outcome indicates that banking sector credit affects inflation positively and growth negatively in SSA economies. Besides, the study found a bi-directional causality between banking sector credits and inflation. Hence, the government in sub-Saharan Africa countries should continue to design and implement an appropriate monetary policy to ensure optimal bank credit that will enhance growth in the region while keeping inflation level under control. The study also recommends the need for financial sector policy reform that will promote fiscal discipline, deepen the financial market, enhance credit availability, and keep inflation under control.","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"164 - 178"},"PeriodicalIF":0.0,"publicationDate":"2021-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1947170","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41489304","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 : 2021-07-03DOI: 10.1080/15475778.2021.1947171
Y. Yigit, T. Bayrak, F. Ozturk
Abstract This study examines and analyzes foreign and domestic managers’ profiles in the defense and aerospace industry. C-level managers and senior executives of leading defense and aerospace companies abroad are compared with senior executives in Turkey. In addition, short and long term solutions are outlined to address the skills gap that exists in the Turkish defense and aerospace industry, which has become one of the most important sectors in Turkey.
{"title":"A comparative analysis of foreign and domestic managers' profiles in the defense and aviation industry: The case of Turkey","authors":"Y. Yigit, T. Bayrak, F. Ozturk","doi":"10.1080/15475778.2021.1947171","DOIUrl":"https://doi.org/10.1080/15475778.2021.1947171","url":null,"abstract":"Abstract This study examines and analyzes foreign and domestic managers’ profiles in the defense and aerospace industry. C-level managers and senior executives of leading defense and aerospace companies abroad are compared with senior executives in Turkey. In addition, short and long term solutions are outlined to address the skills gap that exists in the Turkish defense and aerospace industry, which has become one of the most important sectors in Turkey.","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"141 - 163"},"PeriodicalIF":0.0,"publicationDate":"2021-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41685724","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 : 2021-04-03DOI: 10.1080/15475778.2021.1915568
M. Salepçioğlu, B. Sari
Abstract Corporate governance, which is defined as the laws, rules and elements system controlling the activities in a business and whose principles are fairness, transparency, accountability and responsibility, is of great importance for all companies of national and international nature. The reasons that make corporate governance so important for all market mechanisms are financial crises and large-scale business scandals. Corporate governance, which is constantly regulated by taking into account its historical development and becomes more mandatory every day, is a form of strategic management based on holistic approach and sustainability. This research was interpreted by means of the BIST Corporate Governance Index data, which makes corporate governance arrangements, and the information obtained from the annual reports published on the websites of companies, institutions and organizations. The analysis was carried out with the data of 15 companies, institutions and organizations that can provide common data in the same time series. It is designed to investigate the effectiveness of HRM on 15 companies by applying Artificial Neural Networks (ANN) method, which is one of Artificial Intelligence methods. In the findings of the study, the classification success analysis of the model and the importance of independent variables were determined. It demonstrated that HRM is effective, the most important variable is the fact that it is 100% standardized importance and human resources policy, and 87.3% standardized importance and corporate governance compliance report.
{"title":"Investigation of strategic human resources activity in corporate governance practices: A research with Artificial Neural Networks","authors":"M. Salepçioğlu, B. Sari","doi":"10.1080/15475778.2021.1915568","DOIUrl":"https://doi.org/10.1080/15475778.2021.1915568","url":null,"abstract":"Abstract Corporate governance, which is defined as the laws, rules and elements system controlling the activities in a business and whose principles are fairness, transparency, accountability and responsibility, is of great importance for all companies of national and international nature. The reasons that make corporate governance so important for all market mechanisms are financial crises and large-scale business scandals. Corporate governance, which is constantly regulated by taking into account its historical development and becomes more mandatory every day, is a form of strategic management based on holistic approach and sustainability. This research was interpreted by means of the BIST Corporate Governance Index data, which makes corporate governance arrangements, and the information obtained from the annual reports published on the websites of companies, institutions and organizations. The analysis was carried out with the data of 15 companies, institutions and organizations that can provide common data in the same time series. It is designed to investigate the effectiveness of HRM on 15 companies by applying Artificial Neural Networks (ANN) method, which is one of Artificial Intelligence methods. In the findings of the study, the classification success analysis of the model and the importance of independent variables were determined. It demonstrated that HRM is effective, the most important variable is the fact that it is 100% standardized importance and human resources policy, and 87.3% standardized importance and corporate governance compliance report.","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"118 - 138"},"PeriodicalIF":0.0,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1915568","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45154808","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 : 2021-04-03DOI: 10.1080/15475778.2021.1923111
K. Becker
{"title":"The Journal of Transnational Management and the IMDA","authors":"K. Becker","doi":"10.1080/15475778.2021.1923111","DOIUrl":"https://doi.org/10.1080/15475778.2021.1923111","url":null,"abstract":"","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"75 - 76"},"PeriodicalIF":0.0,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1923111","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41512980","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 : 2021-04-03DOI: 10.1080/15475778.2021.1915566
George Bellos, Mohammad S. Knio
Abstract The main topic of this project is to assess the current situation of tourism in Lebanon and to identify and interpret the actual case of how tourism industry can benefit from economic development projects in Lebanon. The main problem that Lebanon is incapable to properly use natural and cultural assets inspite of very rich potentials. In order to analyze the situation, we conducted a study through conducting a survey as data collection methods. We basically want to develop on a theory that was previously discussed and that will need further examination. Aim and objectives This paper aims to review how Lebanon plans to review its resource management for improving tourism. our objectives are to study Beirut’s rich ancient history in a wat to demonstrate that. The study conducted in Tyre, also showing similar goals, was used a reference study. The main objective of this study is to find out how tourism is viewed in Beirut and if the citizens actually are in favor of valorizing u resources or not. Therefore, the research also want to assess if it succeeded or failed overall. Today, any coastal Lebanese City, including Tyre or Beirut faces a problem in properly managing it natural or cultural resources. Therefore, cities like Tyre Saida, Jbeil and Beirut, have not utilized their resources optimally (irrespective if natural or cultural), have had records of possessing incorrect and deeply rooted values and setbacks in human capital. Past Studies The literature has been formal. Aside from 2 MBA projects on economic development and tourism movement correlations were demonstrated with these two variables. One project, focusing on Tyre, whereas the second concentrating on Beirut we were able to come up with tangible examples on how resource management in Lebanon was practiced (or its absence). Methodology The selected data collection and research design points out to a mixed qualitative and quantitative research methodology, utilizing surveying as the main means of gathering information. This explains the 15 unstructured interviews and the 32 questionnaires we collected during our fat finding phase. In order to examine the current situation, in the way that the central authorities in Beirut view the valuation of our heritage as a way to improve tourism (and ultimately to improve our GDP), our study demonstrates through our findings collected both unstructured from interviews and structured surveys that a much larger population wants us to preserve our heritage as a means of improving economic development. As such, the study utilized mixed qualitative and quantitative research methods through distributing structured questionnaires and unstructured interviews. Provided our selected data collection methods, our results provided a better understanding of how tourism can be sustainable in Beirut, and how it can be beneficial to our GDP in the long run. Conclusions Results showed that sustainable tourism development in Lebanon is highly dependent on t
{"title":"Estimating the impact of the effective valorization of cultural and natural resources for the economic development of Beirut","authors":"George Bellos, Mohammad S. Knio","doi":"10.1080/15475778.2021.1915566","DOIUrl":"https://doi.org/10.1080/15475778.2021.1915566","url":null,"abstract":"Abstract The main topic of this project is to assess the current situation of tourism in Lebanon and to identify and interpret the actual case of how tourism industry can benefit from economic development projects in Lebanon. The main problem that Lebanon is incapable to properly use natural and cultural assets inspite of very rich potentials. In order to analyze the situation, we conducted a study through conducting a survey as data collection methods. We basically want to develop on a theory that was previously discussed and that will need further examination. Aim and objectives This paper aims to review how Lebanon plans to review its resource management for improving tourism. our objectives are to study Beirut’s rich ancient history in a wat to demonstrate that. The study conducted in Tyre, also showing similar goals, was used a reference study. The main objective of this study is to find out how tourism is viewed in Beirut and if the citizens actually are in favor of valorizing u resources or not. Therefore, the research also want to assess if it succeeded or failed overall. Today, any coastal Lebanese City, including Tyre or Beirut faces a problem in properly managing it natural or cultural resources. Therefore, cities like Tyre Saida, Jbeil and Beirut, have not utilized their resources optimally (irrespective if natural or cultural), have had records of possessing incorrect and deeply rooted values and setbacks in human capital. Past Studies The literature has been formal. Aside from 2 MBA projects on economic development and tourism movement correlations were demonstrated with these two variables. One project, focusing on Tyre, whereas the second concentrating on Beirut we were able to come up with tangible examples on how resource management in Lebanon was practiced (or its absence). Methodology The selected data collection and research design points out to a mixed qualitative and quantitative research methodology, utilizing surveying as the main means of gathering information. This explains the 15 unstructured interviews and the 32 questionnaires we collected during our fat finding phase. In order to examine the current situation, in the way that the central authorities in Beirut view the valuation of our heritage as a way to improve tourism (and ultimately to improve our GDP), our study demonstrates through our findings collected both unstructured from interviews and structured surveys that a much larger population wants us to preserve our heritage as a means of improving economic development. As such, the study utilized mixed qualitative and quantitative research methods through distributing structured questionnaires and unstructured interviews. Provided our selected data collection methods, our results provided a better understanding of how tourism can be sustainable in Beirut, and how it can be beneficial to our GDP in the long run. Conclusions Results showed that sustainable tourism development in Lebanon is highly dependent on t","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"90 - 117"},"PeriodicalIF":0.0,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1915566","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43950011","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 : 2021-04-03DOI: 10.1080/15475778.2021.1915571
Farid Abdallah, Mohammad S. Knio
Abstract The current paper will be addressing the investigation of the impact of the political incidents on the stock market return in Saudi Arabia. It was generated from previous inquiries that needed clarifications. Yet, from previous explorations, it became clear that an examination of this case should be conducted using a cause and effect research, relying on statistical analysis, was necessary. As a result, an experimental framework, using the positivist approach, sought to develop clarifications of the issue at hand. The tested data was collected between 2000 and 2014. They represented the closing figures on the last day of each month. Dummy variables were used to determine the effect of political turmoil on stock market behavior using regression analysis. The findings indicated that the Saudi Government attempted to control political unrest by giving subsidies, thus prevent inconsistency in political events. Finally, the study increases understanding of the stock market behavior of the decision makers in order for them to predict any changes, where preventive measures against the risk involved in stock market behavior can be taken by the authorities.
{"title":"Investigating the effect of political turmoil on the behavior of Tadawul stock market, KSA","authors":"Farid Abdallah, Mohammad S. Knio","doi":"10.1080/15475778.2021.1915571","DOIUrl":"https://doi.org/10.1080/15475778.2021.1915571","url":null,"abstract":"Abstract The current paper will be addressing the investigation of the impact of the political incidents on the stock market return in Saudi Arabia. It was generated from previous inquiries that needed clarifications. Yet, from previous explorations, it became clear that an examination of this case should be conducted using a cause and effect research, relying on statistical analysis, was necessary. As a result, an experimental framework, using the positivist approach, sought to develop clarifications of the issue at hand. The tested data was collected between 2000 and 2014. They represented the closing figures on the last day of each month. Dummy variables were used to determine the effect of political turmoil on stock market behavior using regression analysis. The findings indicated that the Saudi Government attempted to control political unrest by giving subsidies, thus prevent inconsistency in political events. Finally, the study increases understanding of the stock market behavior of the decision makers in order for them to predict any changes, where preventive measures against the risk involved in stock market behavior can be taken by the authorities.","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"77 - 89"},"PeriodicalIF":0.0,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1915571","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41642012","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 : 2021-01-02DOI: 10.1080/15475778.2021.1880880
N. Baydoun, Syed Aziz Anwar, M. Sohail
Abstract There is a growing tide of global interest in China’s Belt and Road Initiative (BRI) launched by President Xi Jinping in 2013. The initiative has brought in its wake enormous opportunities for creating economic development infrastructure, strengthening open regionalism and accelerating the pace of trade and investment in nearly 70 countries including 27 Muslim countries. Although a large number of finance options for the BRI projects have been highlighted in literature, the strategic role of Islamic finance has not been adequately explored. This paper bridges the knowledge gap by examining the strategic role of Islamic finance in the context of the BRI. Based on an empirical study, the authors explore the dimensions of Islamic finance in attracting investments in BRI projects and test the psychometric properties of the underlying dimensions. The authors discuss important managerial implications of these findings.
{"title":"The perceived determinants of Islamic finance for China’s belt and road initiative","authors":"N. Baydoun, Syed Aziz Anwar, M. Sohail","doi":"10.1080/15475778.2021.1880880","DOIUrl":"https://doi.org/10.1080/15475778.2021.1880880","url":null,"abstract":"Abstract There is a growing tide of global interest in China’s Belt and Road Initiative (BRI) launched by President Xi Jinping in 2013. The initiative has brought in its wake enormous opportunities for creating economic development infrastructure, strengthening open regionalism and accelerating the pace of trade and investment in nearly 70 countries including 27 Muslim countries. Although a large number of finance options for the BRI projects have been highlighted in literature, the strategic role of Islamic finance has not been adequately explored. This paper bridges the knowledge gap by examining the strategic role of Islamic finance in the context of the BRI. Based on an empirical study, the authors explore the dimensions of Islamic finance in attracting investments in BRI projects and test the psychometric properties of the underlying dimensions. The authors discuss important managerial implications of these findings.","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"18 - 38"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1880880","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45153817","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 During the last decade, organizational and strategic management theories have exponentially concentrated on the concept of structural empowerment and organizations have prioritized to work with the employees who take the initiative and respond creatively to the challenges of the job to struggle in an increasingly competitive external environment. In this sense, structural empowerment represents organizational policies, practices, and structures that grant employees greater latitude to make decisions and exert influence regarding their work and refers to a formal horizontal decentralization of authority that decisional power flows to employees from the formal structure. Additionally, it is assumed that structural empowerment helps to create a positive perception and has an impact on employees’ perceived supervisor’s support that denotes the degree to which employees’ shape impressions that their supervisor appreciates their contributions in work and is caring about their well-being. From this point of view, owing to intense competition within the private healthcare sector in Turkey, employees’ structural empowerment and perceptions related to their supervisor’s support play a vital role in providing high-quality services and care for patients. In this respect, the present study aimed at examining the relationship between structural empowerment and perceived supervisor’s support in the private healthcare sector’s employees who have especially close interactions with patients as customers. In this regard, the questionnaire has been applied to 240 employees working at the five private hospitals and the data obtained from the questionnaire has been analyzed through the “SPSS 26.0” program. As a result of the analysis, it has been signified that there is a strong positive correlation between structural empowerment and the perceived supervisor’s support. Also, it has been seen that the structural empowerment’s sub-dimensions that are opportunity, formal power, and informal power have a statistically significant relationship with the perceived supervisor support’s sub-dimensions, tangible and intangible.
{"title":"Analyzing the relationship between structural empowerment and perceived supervisor support*","authors":"Onur Basar Ozbozkurt, Fatma Yesilkus, Haluk Korkmazyurek","doi":"10.1080/15475778.2021.1885900","DOIUrl":"https://doi.org/10.1080/15475778.2021.1885900","url":null,"abstract":"Abstract During the last decade, organizational and strategic management theories have exponentially concentrated on the concept of structural empowerment and organizations have prioritized to work with the employees who take the initiative and respond creatively to the challenges of the job to struggle in an increasingly competitive external environment. In this sense, structural empowerment represents organizational policies, practices, and structures that grant employees greater latitude to make decisions and exert influence regarding their work and refers to a formal horizontal decentralization of authority that decisional power flows to employees from the formal structure. Additionally, it is assumed that structural empowerment helps to create a positive perception and has an impact on employees’ perceived supervisor’s support that denotes the degree to which employees’ shape impressions that their supervisor appreciates their contributions in work and is caring about their well-being. From this point of view, owing to intense competition within the private healthcare sector in Turkey, employees’ structural empowerment and perceptions related to their supervisor’s support play a vital role in providing high-quality services and care for patients. In this respect, the present study aimed at examining the relationship between structural empowerment and perceived supervisor’s support in the private healthcare sector’s employees who have especially close interactions with patients as customers. In this regard, the questionnaire has been applied to 240 employees working at the five private hospitals and the data obtained from the questionnaire has been analyzed through the “SPSS 26.0” program. As a result of the analysis, it has been signified that there is a strong positive correlation between structural empowerment and the perceived supervisor’s support. Also, it has been seen that the structural empowerment’s sub-dimensions that are opportunity, formal power, and informal power have a statistically significant relationship with the perceived supervisor support’s sub-dimensions, tangible and intangible.","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"4 - 17"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1885900","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48332666","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 : 2021-01-02DOI: 10.1080/15475778.2021.1880879
Mercy. T. Musakwa, N. Odhiambo
Abstract In this study, the causal relationship between financial development and tourism in Kenya is investigated using annual time series data from 1995 to 2017. The study was motivated by the perceived role that the tourism sector has played in the various facets of the Kenyan economy over the past decades. Two proxies of financial development were used, namely broad money supply and stock market development (which is proxied by the total value of stocks traded as a percentage of GDP). Two intermittent variables were also used, namely real GDP and real effective exchange rate, thereby leading to a system of multivariate Granger-causality equations. Using the autoregressive distributed lag (ARDL) bounds testing approach to cointegration and ECM-based Granger-causality model, the results show that both stock market development and broad money supply Granger-cause tourism in Kenya, but only in the short run. The results show that both proxies of financial development have the potential to spur tourism development in Kenya, at least in the short run.
{"title":"Tourism and financial development nexus in Kenya: A multivariate approach","authors":"Mercy. T. Musakwa, N. Odhiambo","doi":"10.1080/15475778.2021.1880879","DOIUrl":"https://doi.org/10.1080/15475778.2021.1880879","url":null,"abstract":"Abstract In this study, the causal relationship between financial development and tourism in Kenya is investigated using annual time series data from 1995 to 2017. The study was motivated by the perceived role that the tourism sector has played in the various facets of the Kenyan economy over the past decades. Two proxies of financial development were used, namely broad money supply and stock market development (which is proxied by the total value of stocks traded as a percentage of GDP). Two intermittent variables were also used, namely real GDP and real effective exchange rate, thereby leading to a system of multivariate Granger-causality equations. Using the autoregressive distributed lag (ARDL) bounds testing approach to cointegration and ECM-based Granger-causality model, the results show that both stock market development and broad money supply Granger-cause tourism in Kenya, but only in the short run. The results show that both proxies of financial development have the potential to spur tourism development in Kenya, at least in the short run.","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"58 - 74"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1880879","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44929489","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 : 2021-01-02DOI: 10.1080/15475778.2021.1894911
K. Becker
{"title":"The Journal of Transnational Management and the IMDA","authors":"K. Becker","doi":"10.1080/15475778.2021.1894911","DOIUrl":"https://doi.org/10.1080/15475778.2021.1894911","url":null,"abstract":"","PeriodicalId":40044,"journal":{"name":"Journal of Transnational Management","volume":"26 1","pages":"1 - 3"},"PeriodicalIF":0.0,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/15475778.2021.1894911","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43498088","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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