I. Matyushenko, S. Hlibko, M. Petrova, M. Pasmor, Maryna Loktionova
Purpose – the purpose of article should assess the main factors affecting the development of trade in high-tech products of Ukraine in the context of association with the EU and the spread of a new industrial revolution. Research methodology – the scheme of research of trade of high-tech products of Ukraine from the EU on the basis of qualitative and quantitative economic-statistical analysis, analysis of comparative advantages and correlation-regression analysis. Findings – the results of the analysis show that the main factors determining the low presence of Ukraine in the world market of high-tech products are the outdated structure of production, a low level of R&D costs, and a decrease in the innovative activity of Ukrainian enterprises. The article presents the author’s recommendations on improving the effectiveness of foreign trade in high-tech products of Ukraine in the EU market. Research limitations – the absence of a state development strategy for the production of hightech products does not make it possible to accurately determine indicators of scientific research of the potential of Ukraine. Practical implications – correlation-regression analysis results can be used in the private and state sectors of the economy of Ukraine. Originality/Value – the original combination of schemes and methods allowed us to identify new critical places for export development in the context of the association of Ukraine with the EU.
{"title":"ASSESSMENT OF THE DEVELOPMENT OF FOREIGN TRADE IN HIGH-TECH PRODUCTION OF UKRAINE UNDER THE ASSOCIATION WITH THE EU","authors":"I. Matyushenko, S. Hlibko, M. Petrova, M. Pasmor, Maryna Loktionova","doi":"10.3846/bme.2020.11578","DOIUrl":"https://doi.org/10.3846/bme.2020.11578","url":null,"abstract":"Purpose – the purpose of article should assess the main factors affecting the development of \u0000 trade in high-tech products of Ukraine in the context of association with the EU and the spread of a new industrial revolution.\u0000\u0000Research methodology – the scheme of research of trade of high-tech products of Ukraine from the EU on the basis of \u0000qualitative and quantitative economic-statistical analysis, analysis of comparative advantages and correlation-regression analysis.\u0000\u0000Findings – the results of the analysis show that the main factors determining the low presence of Ukraine in the world \u0000market of high-tech products are the outdated structure of production, a low level of R&D costs, and a decrease in the \u0000innovative activity of Ukrainian enterprises. The article presents the author’s recommendations on improving the effectiveness of \u0000foreign trade in high-tech products of Ukraine in the EU market.\u0000\u0000Research limitations – the absence of a state development strategy for the production of hightech products does not make \u0000it possible to accurately determine indicators of scientific research of the potential of Ukraine.\u0000\u0000Practical implications – correlation-regression analysis results can be used in the private and state sectors of the economy \u0000of Ukraine.\u0000\u0000Originality/Value – the original combination of schemes and methods allowed us to identify new critical places for export \u0000development in the context of the association of Ukraine with the EU.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2020-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46982923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose – The purpose of the paper is to investigate the level of real business cycles synchronisation between the Baltic and the Nordic countries and between the Baltic countries and the euro area. Research methodology – Wavelet analysis was employed to evaluate the level of synchronisation for different periods and time. Quarterly data from 1995 Q2 to 2019 Q4 was used. Findings – We discover the influence of several essential events in economies of the Baltic countries on the synchronisation: accession to the EU in 2004, the introduction of the euro in the Baltic countries and some external shocks. Research limitation – A lack of reliable long-term data from the Baltic countries does not allow performing calculation for other important financial variables. Practical implications – Results of the research are important for forecasting and implementing flexible economic policies of the Baltic countries. Originality/Value – Business cycles synchronisation between the Baltic countries themselves and between the Baltic countries, the Nordic countries and the euro area countries across time and various frequency dimensions was investigated for the first time.
{"title":"BUSINESS CYCLES SYNCHRONISATIONS IN THE BALTIC COUNTRIES","authors":"A. Kregždė","doi":"10.3846/bme.2020.12254","DOIUrl":"https://doi.org/10.3846/bme.2020.12254","url":null,"abstract":"Purpose – The purpose of the paper is to investigate the level of real business cycles synchronisation between the Baltic and the Nordic countries and between the Baltic countries and the euro area. Research methodology – Wavelet analysis was employed to evaluate the level of synchronisation for different periods and time. Quarterly data from 1995 Q2 to 2019 Q4 was used. Findings – We discover the influence of several essential events in economies of the Baltic countries on the synchronisation: accession to the EU in 2004, the introduction of the euro in the Baltic countries and some external shocks. Research limitation – A lack of reliable long-term data from the Baltic countries does not allow performing calculation for other important financial variables. Practical implications – Results of the research are important for forecasting and implementing flexible economic policies of the Baltic countries. Originality/Value – Business cycles synchronisation between the Baltic countries themselves and between the Baltic countries, the Nordic countries and the euro area countries across time and various frequency dimensions was investigated for the first time.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2020-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48764012","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}
M. Kryshtanovych, P. Petrovskyi, I. Khomyshyn, I. Bezena, I. Serdechna
Purpose – the primary purpose of the study is to identify the main threats to the process of ensuring social security and finding ways to establish a connection between economic and social security. Research methodology – the methodological basis is a system of complementary philosophical, general scientific and unique methods of cognition of socio-political phenomena, in particular systemic-structural, comparatively retrospective, institutional and structural-functional, diagnostics and forecasting, general methods of analysis and synthesis, etc. Findings – our results made it possible to establish which particular threats most affect the social security of the countries of Eastern Europe and the calculation results will help establish the country needs a connection between economic and social security. Research limitations – we did not take into account a significant number of indicators characterising the state of social security of the state. The threats we have highlighted are compassionate. In the future, it is necessary to pay considerable attention to the process of assessing the level of social security of the state in order to determine whether it is necessary to state which government measures or not. Practical implications – сertain threats and models can be used by countries of Eastern Europe to form the necessary measures to counter them; Originality/Value – the study covers one of the least explored areas, namely social security, which has not been explored for a long time in the context of identifying threats. Social Security Model IDEF0 Formed.
{"title":"PECULIARITIES OF IMPLEMENTING GOVERNANCE IN THE SYSTEM OF SOCIAL SECURITY","authors":"M. Kryshtanovych, P. Petrovskyi, I. Khomyshyn, I. Bezena, I. Serdechna","doi":"10.3846/bme.2020.12177","DOIUrl":"https://doi.org/10.3846/bme.2020.12177","url":null,"abstract":"Purpose – the primary purpose of the study is to identify the main threats to the process of ensuring social security and finding ways to establish a connection between economic and social security.\u0000\u0000Research methodology – the methodological basis is a system of complementary philosophical, general scientific and unique methods of cognition of socio-political phenomena, in particular systemic-structural, comparatively retrospective, institutional and structural-functional, diagnostics and forecasting, general methods of analysis and synthesis, etc.\u0000\u0000Findings – our results made it possible to establish which particular threats most affect the social security of the countries of Eastern Europe and the calculation results will help establish the country needs a connection between economic and social security.\u0000\u0000Research limitations – we did not take into account a significant number of indicators characterising the state of social security of the state. The threats we have highlighted are compassionate. In the future, it is necessary to pay considerable attention to the process of assessing the level of social security of the state in order to determine whether it is necessary to state which government measures or not.\u0000\u0000Practical implications – сertain threats and models can be used by countries of Eastern Europe to form the necessary measures to counter them;\u0000\u0000Originality/Value – the study covers one of the least explored areas, namely social security, which has not been explored for a long time in the context of identifying threats. Social Security Model IDEF0 Formed.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2020-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41849141","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 research discussed ethics, shared values, university image, and trust as factors of student loyalty. This investigation is performed to discover aspects that influence loyalty. Student loyalty factors were previously researched, but the bulk of the research covered only major loyalty factors such as shared values, trust and university image, but overlooked university ethics as a student loyalty determinant. Research methodology – This study is fundamentally a quantitative study using the methodology of survey research. The information is evaluated using AMOS by means of exploratory factor analysis and structural equation modelling (SEM). Findings – The results show how the image of the university, the ethics and the shared values of the graduates positively influence the trust, which affects loyalty. Research limitations – Regarding the limitations of the study which also reconfigure lines of future research, it is important to note, in the first place, the geographical restriction of the population under study to three Moroccan universities. Practical implications – Educational providers can use the findings to know what increase the loyalty and allocate resources to improve the determinants that affect the trust of the students, thus increasing the allegiance of the learners. Originality/Value – This research provides innovative knowledge regarding the maintenance of the university’s relations with its graduates.
{"title":"THE ROLE OF ETHICS, TRUST, AND SHARED VALUES IN THE CREATION OF LOYALTY: EMPIRICAL EVIDENCE FROM THE MOROCCAN UNIVERSITY™","authors":"Zakaria Nejjari, Hanane Aamoum","doi":"10.3846/bme.2020.12237","DOIUrl":"https://doi.org/10.3846/bme.2020.12237","url":null,"abstract":"Purpose – This research discussed ethics, shared values, university image, and trust as factors of student loyalty. This investigation is performed to discover aspects that influence loyalty. Student loyalty factors were previously researched, but the bulk of the research covered only major loyalty factors such as shared values, trust and university image, but overlooked university ethics as a student loyalty determinant.\u0000\u0000Research methodology – This study is fundamentally a quantitative study using the methodology of survey research. The information is evaluated using AMOS by means of exploratory factor analysis and structural equation modelling (SEM).\u0000\u0000Findings – The results show how the image of the university, the ethics and the shared values of the graduates positively influence the trust, which affects loyalty.\u0000\u0000Research limitations – Regarding the limitations of the study which also reconfigure lines of future research, it is important to note, in the first place, the geographical restriction of the population under study to three Moroccan universities.\u0000\u0000Practical implications – Educational providers can use the findings to know what increase the loyalty and allocate resources to improve the determinants that affect the trust of the students, thus increasing the allegiance of the learners.\u0000\u0000Originality/Value – This research provides innovative knowledge regarding the maintenance of the university’s relations with its graduates.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2020-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44427130","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 study is given to the use of dynamic regression model for reduction of shortages in drug supply: Purpose – the use of a dynamic regression model to identify the influence of lead-time on the reduction of time delays in drugs supply. To reach the goal, the author focuses on the improvement of drugs availability and the minimisation of time delays in drugs supply. Research methodology – the application of dynamic regression method to minimise shortage. The author suggests a dynamic regression model and accompanies it with autocorrelation and heteroskedasticity tests: Breush-Godfrey Serial Correlation LM Test for autocorrelation and ARCH test for heteroskedasticity. Findings – during analysis author identifies the relationship between lead-time and time delays in drugs supply. The author delivers a specific regression model to estimate the effect of deterministic lead-time on shortage. Probability F and Probability Chi-Square of this testing show that there is no significant autocorrelation and heteroskedasticity. Research limitations – the research is delivered for a one-month time frame. For the future, the study could review other periods. The author has incorporated the lead-time component in shortage reduction study by leaving capacity uncertainty component unresearched. The future studies could incorporate both elements into shortage reduction case analysis. Practical implications – presented framework could be useful for practitioners, which analyse drug shortage reduction cases. The revision of supply time table is recommended for pharmacies aiming to minimise the shortage level. Originality/Value – the analysis of deterministic lead-time and identification that the periodicity of shortage is evident each eight days. The study contributes to lead-time uncertainty studies where most of the authors analyse the stochastic lead-time impact on shortages.
{"title":"USE OF DYNAMIC REGRESSION MODEL FOR REDUCTION OF SHORTAGES IN DRUG SUPPLY","authors":"A. Burinskienė","doi":"10.3846/bme.2019.11297","DOIUrl":"https://doi.org/10.3846/bme.2019.11297","url":null,"abstract":"The study is given to the use of dynamic regression model for reduction of shortages in drug supply:\u0000\u0000\u0000Purpose – the use of a dynamic regression model to identify the influence of lead-time on the reduction of time delays in drugs supply. To reach the goal, the author focuses on the improvement of drugs availability and the minimisation of time delays in drugs supply.\u0000\u0000\u0000Research methodology – the application of dynamic regression method to minimise shortage. The author suggests a dynamic regression model and accompanies it with autocorrelation and heteroskedasticity tests: Breush-Godfrey Serial Correlation LM Test for autocorrelation and ARCH test for heteroskedasticity.\u0000\u0000\u0000Findings – during analysis author identifies the relationship between lead-time and time delays in drugs supply. The author delivers a specific regression model to estimate the effect of deterministic lead-time on shortage. Probability F and Probability Chi-Square of this testing show that there is no significant autocorrelation and heteroskedasticity.\u0000\u0000\u0000Research limitations – the research is delivered for a one-month time frame. For the future, the study could review other periods. The author has incorporated the lead-time component in shortage reduction study by leaving capacity uncertainty component unresearched. The future studies could incorporate both elements into shortage reduction case analysis.\u0000\u0000\u0000Practical implications – presented framework could be useful for practitioners, which analyse drug shortage reduction cases. The revision of supply time table is recommended for pharmacies aiming to minimise the shortage level.\u0000\u0000\u0000Originality/Value – the analysis of deterministic lead-time and identification that the periodicity of shortage is evident each eight days. The study contributes to lead-time uncertainty studies where most of the authors analyse the stochastic lead-time impact on shortages.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42978607","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose – the purpose of the article is to study the effect of digitalisation development indicators on per-capita GDP growth. Research methodology – the basic research method is the fixed-effects panel regression that describes the effect of the digitalisation development indicators on per-capita GDP between 1999 and 2017. Findings – research showed the most critical factors for per-capita GDP growth are the ones that linked with fixed and mobile subscriptions. Research limitations – The limitations of the research stem from the limitations of analysis as the method that has been employed makes it possible to measure the effect of the selected variables on per-capita GDP, but further research requires a detailed analysis of the factors being studied in application to each country. Practical implications – The findings can be used as a basis for choosing areas of more detailed factor analysis of the digitalisation process effectiveness and can support investment decision-making. Originality/Value – The study enables one to identify the most and the least important factors that are reflected by digitalisation indicators that have an impact on the per-capita GDP.
{"title":"SOME APPROACHES TO EVALUATION MACROECONOMIC EFFICIENCY OF DIGITALISATION","authors":"E. Stremousova, O. Buchinskaia","doi":"10.3846/bme.2019.11326","DOIUrl":"https://doi.org/10.3846/bme.2019.11326","url":null,"abstract":"Purpose – the purpose of the article is to study the effect of digitalisation development indicators on per-capita GDP growth.\u0000\u0000\u0000Research methodology – the basic research method is the fixed-effects panel regression that describes the effect of the digitalisation development indicators on per-capita GDP between 1999 and 2017.\u0000\u0000\u0000Findings – research showed the most critical factors for per-capita GDP growth are the ones that linked with fixed and mobile subscriptions.\u0000\u0000\u0000Research limitations – The limitations of the research stem from the limitations of analysis as the method that has been employed makes it possible to measure the effect of the selected variables on per-capita GDP, but further research requires a detailed analysis of the factors being studied in application to each country.\u0000\u0000\u0000Practical implications – The findings can be used as a basis for choosing areas of more detailed factor analysis of the digitalisation process effectiveness and can support investment decision-making.\u0000\u0000\u0000Originality/Value – The study enables one to identify the most and the least important factors that are reflected by digitalisation indicators that have an impact on the per-capita GDP.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2019-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43947778","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}
K. Yousaf, Ghulam Abid, Tahira Hassan Butt, Sehrish Ilyas, Saira Ahmed
Purpose – We investigated how thriving at work and ethical leadership affects the employee psychological well-being. Further, we also examined the mediating role of voice behaviour between thriving at work and employee psychological well-being as well as ethical leadership and employee psychological well-being. Research methodology – A quantitative research method was utilized to collect data from employees of a telecommunication company. SPSS and Process Macro were used for data analysis. Findings – Results demonstrated that thriving at work and ethical leadership are positively associated with employee psychological well-being. Furthermore, the employee voice behaviour acts as a mediator between thriving at work, ethical leadership and employee well-being. Research limitations – All of the data in this study were collected from single source i.e., employees of information technology industry and also specific to a metropolitan city like Lahore. Further, study has a very limited representation of the females. Practical implications – the findings suggest that organizations should create such an environment where managers are able to have positive verbal interactions with employees that may facilitate their well-being and makes them satisfied with their jobs. Originality/Value – This study is one of the first studies to investigate the association between voice behaviour, thriving at work, employee psychological as well as psychological well-being.
{"title":"IMPACT OF ETHICAL LEADERSHIP AND THRIVING AT WORK ON PSYCHOLOGICAL WELL-BEING OF EMPLOYEES: MEDIATING ROLE OF VOICE BEHAVIOUR","authors":"K. Yousaf, Ghulam Abid, Tahira Hassan Butt, Sehrish Ilyas, Saira Ahmed","doi":"10.3846/bme.2019.11176","DOIUrl":"https://doi.org/10.3846/bme.2019.11176","url":null,"abstract":"Purpose – We investigated how thriving at work and ethical leadership affects the employee psychological well-being. Further, we also examined the mediating role of voice behaviour between thriving at work and employee psychological well-being as well as ethical leadership and employee psychological well-being.\u0000\u0000\u0000Research methodology – A quantitative research method was utilized to collect data from employees of a telecommunication company. SPSS and Process Macro were used for data analysis.\u0000\u0000\u0000Findings – Results demonstrated that thriving at work and ethical leadership are positively associated with employee psychological well-being. Furthermore, the employee voice behaviour acts as a mediator between thriving at work, ethical leadership and employee well-being.\u0000\u0000\u0000Research limitations – All of the data in this study were collected from single source i.e., employees of information technology industry and also specific to a metropolitan city like Lahore. Further, study has a very limited representation of the females.\u0000\u0000\u0000Practical implications – the findings suggest that organizations should create such an environment where managers are able to have positive verbal interactions with employees that may facilitate their well-being and makes them satisfied with their jobs.\u0000\u0000\u0000Originality/Value – This study is one of the first studies to investigate the association between voice behaviour, thriving at work, employee psychological as well as psychological well-being.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2019-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48189844","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}
Iqra Hafee, Yingjun Zhu, S. Hafeez, Rafiq Mansoor, K. Rehman
Purpose – Purpose of current study is to explore, impact of workplace environment i.e Physical Environmental Factors and Behavioral Environmental Factors on employee productivity (EP) through mediating role of employee health (EH). Research methodology – This study adopted questionnaire survey method and data was collected from 250 employees working in software houses in Pakistan. Data has been analysed using SPSS and AMOS software. Reliability and correlation analysis was performed by using SPSS while; path analysis was performed using AMOS. Findings – Results revealed that one unit variance in PEF incorporates 35% change in EH, 33% change in EH is caused by one unit increase in BEF and one unit increase in EH leads to 80% increase in EP. Physical and Behavioural Environmental Factors are positively affecting EH and EH is positivity affecting EP. Results of the study revealed that: employee health is mediating the relationship between workplace environment factors and employee performance. Research limitations – We used working Environment factors to determine employee health; future studies can consider compensation practices, insurance plans and health benefits by the organisation, a large sample or increased number of mediating variables can be used. The current study has adopted cross-sectional design while future studies can consider longitudinal design. Practical implications – Organisations must maintain a better environment in order to enhance employee productivity as, employee performance and workplace environment have direct and positive relationship, employees productivity and physical as well as behavioural environment are linked through employee health.
{"title":"IMPACT OF WORKPLACE ENVIRONMENT ON EMPLOYEE PERFORMANCE: MEDIATING ROLE OF EMPLOYEE HEALTH","authors":"Iqra Hafee, Yingjun Zhu, S. Hafeez, Rafiq Mansoor, K. Rehman","doi":"10.3846/bme.2019.10379","DOIUrl":"https://doi.org/10.3846/bme.2019.10379","url":null,"abstract":"Purpose – Purpose of current study is to explore, impact of workplace environment i.e Physical Environmental Factors and Behavioral Environmental Factors on employee productivity (EP) through mediating role of employee health (EH).\u0000\u0000\u0000Research methodology – This study adopted questionnaire survey method and data was collected from 250 employees working in software houses in Pakistan. Data has been analysed using SPSS and AMOS software. Reliability and correlation analysis was performed by using SPSS while; path analysis was performed using AMOS.\u0000\u0000\u0000Findings – Results revealed that one unit variance in PEF incorporates 35% change in EH, 33% change in EH is caused by one unit increase in BEF and one unit increase in EH leads to 80% increase in EP. Physical and Behavioural Environmental Factors are positively affecting EH and EH is positivity affecting EP. Results of the study revealed that: employee health is mediating the relationship between workplace environment factors and employee performance.\u0000\u0000\u0000Research limitations – We used working Environment factors to determine employee health; future studies can consider compensation practices, insurance plans and health benefits by the organisation, a large sample or increased number of mediating variables can be used. The current study has adopted cross-sectional design while future studies can consider longitudinal design.\u0000\u0000\u0000Practical implications – Organisations must maintain a better environment in order to enhance employee productivity as, employee performance and workplace environment have direct and positive relationship, employees productivity and physical as well as behavioural environment are linked through employee health.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2019-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47385717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose – This study identifies the most appropriately selected multivariate model for forecasting inflation in different economic environments. In specifying the multivariate models, the study test for the orders of integration of variables and for those that are nonstationary. For non-stationary variables, this study examines whether they are cointegrated. Engle and Granger (1987) establish that a cointegrating equation can be represented as an error correction model that incorporates both changes and levels of variables such that all of the elements are stationary. However, VARs estimated with cointegrated data will be misspecified if all of the data are differenced because long-run information will be omitted, and will have omitted stationarity inducing constraints if all the data are used in levels. Further, including variables in both levels and differences should sat-isfy stationarity requirements. However, they will omit cointegrating restrictions that may improve the model. Of course, these constraints will be satisfied asymptotically; but efficiency gains and improved multi-step forecasts may be achieved by imposing the constraints (Engle and Granger 1987, p. 259). Therefore, this study test for order of integration and compare inflation forecasting performance of different multivariate models for BRICS and OPEC countries. Research methodology – The following approaches were considered; the first approach is to construct a VAR model in differences (stationary form) to forecast inflation. The second approach is to construct a VECM without imposing cointegrating restrictions. The third approach is to construct a VEC that imposes cointegrating restrictions on the VECM. This will help to understand whether imposing cointegrating restrictions via a VEC improves long-run forecasts. Research limitation – The proposed multivariate models focused on differencing and cointegrating restrictions to ensure the stationarity of the data, the available variables were combined and specified based on their level of integration to forecast inflation. For instance, a VAR model is estimated based on differenced variables I(0); the same holds true for VECM and VEC models, where differenced variables and linear combinations of I(I) covariates are stationary. In future, multivariate models guided by economic theory rather than the order of integration of variables are suggested. Findings – The result shows that the forecast performance of inflation depends on the nature of the economy and whether the country experiencing higher inflation or low inflation. For instance, the model that includes long-run information in the form of a specified cointegrated equation generally improves the inflation forecasting performance for BRICS countries and one OPEC country (Saudi Arabia) that has a history of low inflation. Practical implications – This research will improve the policy makers decision on how to select appropriate model to forecast inflation over diffe
{"title":"COMPARING MULTIVARIATE MODELS’ FORECASTS OF INFLATION FOR BRICS AND OPEC COUNTRIES","authors":"O. Ajayi","doi":"10.3846/bme.2019.10556","DOIUrl":"https://doi.org/10.3846/bme.2019.10556","url":null,"abstract":"Purpose – This study identifies the most appropriately selected multivariate model for forecasting inflation in different economic environments. In specifying the multivariate models, the study test for the orders of integration of variables and for those that are nonstationary. For non-stationary variables, this study examines whether they are cointegrated. Engle and Granger (1987) establish that a cointegrating equation can be represented as an error correction model that incorporates both changes and levels of variables such that all of the elements are stationary. However, VARs estimated with cointegrated data will be misspecified if all of the data are differenced because long-run information will be omitted, and will have omitted stationarity inducing constraints if all the data are used in levels. Further, including variables in both levels and differences should sat-isfy stationarity requirements. However, they will omit cointegrating restrictions that may improve the model. Of course, these constraints will be satisfied asymptotically; but efficiency gains and improved multi-step forecasts may be achieved by imposing the constraints (Engle and Granger 1987, p. 259). Therefore, this study test for order of integration and compare inflation forecasting performance of different multivariate models for BRICS and OPEC countries.\u0000\u0000\u0000Research methodology – The following approaches were considered; the first approach is to construct a VAR model in differences (stationary form) to forecast inflation. The second approach is to construct a VECM without imposing cointegrating restrictions. The third approach is to construct a VEC that imposes cointegrating restrictions on the VECM. This will help to understand whether imposing cointegrating restrictions via a VEC improves long-run forecasts.\u0000\u0000\u0000Research limitation – The proposed multivariate models focused on differencing and cointegrating restrictions to ensure the stationarity of the data, the available variables were combined and specified based on their level of integration to forecast inflation. For instance, a VAR model is estimated based on differenced variables I(0); the same holds true for VECM and VEC models, where differenced variables and linear combinations of I(I) covariates are stationary. In future, multivariate models guided by economic theory rather than the order of integration of variables are suggested.\u0000\u0000\u0000Findings – The result shows that the forecast performance of inflation depends on the nature of the economy and whether the country experiencing higher inflation or low inflation. For instance, the model that includes long-run information in the form of a specified cointegrated equation generally improves the inflation forecasting performance for BRICS countries and one OPEC country (Saudi Arabia) that has a history of low inflation.\u0000\u0000\u0000Practical implications – This research will improve the policy makers decision on how to select appropriate model to forecast inflation over diffe","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2019-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48900691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Purpose – the purpose of this article is to review a quasi-experiment study examining whether business students’ math anxiety is reduced after participating in mandala coloring activities. Research methodology – the research methodology integrated quantitative methods including independent t-tests and ANOVAs in a non-random convenient sample of 106 undergraduate students in 2018 in Texas, United States. Findings – results from the one-way ANOVA and t-test analyses revealed that anxiety levels differed across groups, such that after coloring a pre-drawn mandala, math anxiety was significantly reduced in comparison to the control (doodling) group. Paired sample t tests also demonstrated that when comparing the anxiety levels at the baseline and post-treatment, math anxiety was reduced after performing both the pre-drawn and free-coloring mandala activities. Additionally, an independent sample t-test and a two-by-two factorial ANOVA demonstrated that males experienced a significant reduction in their math anxiety than the females did after performing the mandala coloring activity. Research limitations – the study used a convenient sample, self-reported items, and a math anxiety measurement. Also, the findings found short-term evidence of math anxiety. Practical implications – the findings of this study suggest that business statistics instructors who integrate a mandala coloring activity in anxiety-provoking undertakings may help to reduce their students’ math anxiety. Originality/Value – This study is the first to investigate mandala coloring to reduce math anxiety in business students. Unlike previous studies that focus on anxiety in general, this study examines the benefit of mandala coloring on students’ math anxiety.
{"title":"EXPLORING THE EFFECT OF COLORING MANDALAS ON STUDENTS’ MATH ANXIETY IN BUSINESS STATISTICS COURSES","authors":"L. Salazar","doi":"10.3846/bme.2019.11024","DOIUrl":"https://doi.org/10.3846/bme.2019.11024","url":null,"abstract":"Purpose – the purpose of this article is to review a quasi-experiment study examining whether business students’ math anxiety is reduced after participating in mandala coloring activities.\u0000 Research methodology – the research methodology integrated quantitative methods including independent t-tests and ANOVAs in a non-random convenient sample of 106 undergraduate students in 2018 in Texas, United States.\u0000Findings – results from the one-way ANOVA and t-test analyses revealed that anxiety levels differed across groups, such that after coloring a pre-drawn mandala, math anxiety was significantly reduced in comparison to the control \u0000(doodling) group. Paired sample t tests also demonstrated that when comparing the anxiety levels at the baseline and post-treatment, math anxiety was reduced after performing both the pre-drawn and free-coloring mandala activities. Additionally, an independent sample t-test and a two-by-two factorial ANOVA demonstrated that males experienced a significant reduction in their math anxiety than the females did after performing the mandala coloring activity.\u0000Research limitations – the study used a convenient sample, self-reported items, and a math anxiety measurement. Also, the findings found short-term evidence of math anxiety.\u0000Practical implications – the findings of this study suggest that business statistics instructors who integrate a mandala coloring activity in anxiety-provoking undertakings may help to reduce their students’ math anxiety.\u0000Originality/Value – This study is the first to investigate mandala coloring to reduce math anxiety in business students. Unlike previous studies that focus on anxiety in general, \u0000this study examines the benefit of mandala coloring on students’ math anxiety.","PeriodicalId":42227,"journal":{"name":"Business Management and Education","volume":null,"pages":null},"PeriodicalIF":2.1,"publicationDate":"2019-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45192785","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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