Pub Date : 2023-07-20DOI: 10.34104/ijma.023.0053065
Mohammad Masudur Rahman, Raduan Che Rose, H. M. Som, H.T.M. Quader Newaz, Putra Business Candidate, School
Job satisfaction has been a significant issue worldwide. Dissatisfied employees cannot devote their full attention to their work. Despite making up 84.4% of Bangladesh's total exports, the RMG business is home to some of the country's most dissatisfied workers. Consequently, this sector is essential to the economy. Therefore, RMG employees should be pleased to contribute to the economy. Several regrettable factors contribute to Bangladeshi RMG factories' tension and consequently, poor output. Factors such as a lack of job security, lack of trust, poor working conditions, compensation, other financial incentives, a lack of rewards and recognition, etc., may predict frustration among Bangladeshi RMG workers. The low wages of Bangladesh's RMG workers are strongly associated with their discontent. In the industry, worker discontent is a magnet for violence. Obviously, without a supportive work environment, employee satisfaction on the job does not affect how conflicts are resolved within the organization. This quantitative analysis employs a strategy of random sampling. 384 Bangladeshi employees of the RMG manufacturer Shams Styling Wears Limited in Savar, Dhaka, were surveyed using a structured questionnaire. PLS-SEM was utilized to analyze the data. According to the findings of this study, conflict resolution effectiveness is associated with greater job satisfaction at Shams Styling Wears Limited. Indirectly, the relationship between job satisfaction and conflict resolution was also found to be influenced by the organizational climate.
{"title":"Assessing Job Satisfaction in the Bangladeshi Readymade Garment Industry: A Study of Shams Styling Wears Limited Using PLS-SEM Modeling","authors":"Mohammad Masudur Rahman, Raduan Che Rose, H. M. Som, H.T.M. Quader Newaz, Putra Business Candidate, School","doi":"10.34104/ijma.023.0053065","DOIUrl":"https://doi.org/10.34104/ijma.023.0053065","url":null,"abstract":"Job satisfaction has been a significant issue worldwide. Dissatisfied employees cannot devote their full attention to their work. Despite making up 84.4% of Bangladesh's total exports, the RMG business is home to some of the country's most dissatisfied workers. Consequently, this sector is essential to the economy. Therefore, RMG employees should be pleased to contribute to the economy. Several regrettable factors contribute to Bangladeshi RMG factories' tension and consequently, poor output. Factors such as a lack of job security, lack of trust, poor working conditions, compensation, other financial incentives, a lack of rewards and recognition, etc., may predict frustration among Bangladeshi RMG workers. The low wages of Bangladesh's RMG workers are strongly associated with their discontent. In the industry, worker discontent is a magnet for violence. Obviously, without a supportive work environment, employee satisfaction on the job does not affect how conflicts are resolved within the organization. This quantitative analysis employs a strategy of random sampling. 384 Bangladeshi employees of the RMG manufacturer Shams Styling Wears Limited in Savar, Dhaka, were surveyed using a structured questionnaire. PLS-SEM was utilized to analyze the data. According to the findings of this study, conflict resolution effectiveness is associated with greater job satisfaction at Shams Styling Wears Limited. Indirectly, the relationship between job satisfaction and conflict resolution was also found to be influenced by the organizational climate.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80218850","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 : 2023-06-29DOI: 10.34104/ijma.023.0041052
Md. Gias Uddin
The study mainly focuses on the limitations and challenges of Atghar Kuriana and Vimruli as a tourism destination and local communities’ attitude toward tourism. Actually, there is a little study about this amazing tourist destination, though it is an emerging tourist destination in Bangladesh. This study was conducted following survey research methodology; a separate survey questionnaire for tourists and local communities were developed to serve study objectives. The survey was conducted using both open and close-ended questionnaires. This study uncovered that tourists who visited there have bewitched enjoying the natural beauty, boating, zig zag canals, row upon row boats loaded with guava, amra and lemon but dissatisfaction over sanitation facility, quality restaurants and cottages, recreational and entertainment facilities, safety security, eve teasing, sound pollution as well as actually no authority to look after the overall activity. Moreover, there is no difference both gender and civil status in terms of visitors’ response to destination facilities as well as visitors’ knowledge on sustainable tourism, but collectively gender civil status revealed a significant difference. I hope the results of the survey might be worthwhile to policy makers, private entrepreneurs and marketers while formulating their policies, to attract local and foreign tourists and also to ensure sustainability of this amazing tourist destination.
{"title":"A Study on the Atghar Kuriana and Vimruli Tourist Destination’s Challenges to Sustainability","authors":"Md. Gias Uddin","doi":"10.34104/ijma.023.0041052","DOIUrl":"https://doi.org/10.34104/ijma.023.0041052","url":null,"abstract":"The study mainly focuses on the limitations and challenges of Atghar Kuriana and Vimruli as a tourism destination and local communities’ attitude toward tourism. Actually, there is a little study about this amazing tourist destination, though it is an emerging tourist destination in Bangladesh. This study was conducted following survey research methodology; a separate survey questionnaire for tourists and local communities were developed to serve study objectives. The survey was conducted using both open and close-ended questionnaires. This study uncovered that tourists who visited there have bewitched enjoying the natural beauty, boating, zig zag canals, row upon row boats loaded with guava, amra and lemon but dissatisfaction over sanitation facility, quality restaurants and cottages, recreational and entertainment facilities, safety security, eve teasing, sound pollution as well as actually no authority to look after the overall activity. Moreover, there is no difference both gender and civil status in terms of visitors’ response to destination facilities as well as visitors’ knowledge on sustainable tourism, but collectively gender civil status revealed a significant difference. I hope the results of the survey might be worthwhile to policy makers, private entrepreneurs and marketers while formulating their policies, to attract local and foreign tourists and also to ensure sustainability of this amazing tourist destination.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78053226","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: Devolved enterprise funds would contribute to increased entrepreneurship and household welfare in Kenya, leading to reduced poverty levels and improved living standards. The extent of the impact of devolved enterprise funds on household welfare in Kenya is uncertain. Despite the funds being available, many entrepreneurs in Kenya still struggle to access capital and other resources needed to start and grow their businesses. This has limited the potential benefits of devolved enterprise funds on household welfare. This study investigated the influence of devolved enterprise funds on household welfare in Kenya. Methodology: The study employed a non-experimental pooled cross-sectional research design. The study targeted the households listed in the 2015/2016 Kenya Integrated Household Budget Survey which indicated the residence of households’ owners from which a random sample of 384 households was generated using the Fisher’s formula. Cross sectional data were collected from selected households using structured questionnaire. Random utility maximization theory was used to determine people’s choice, preferences and decision making. Simple linear regression model was used to estimate the relationship between variables. The data was presented in tables. Findings: Findings revealed that devolved enterprise funds had a significant positive influence on household welfare in Kenya. Therefore, household welfare will improve if devolved enterprise funds positively influence the welfare of many households in Kenya. Unique Contribution to Theory, Practice and Policy: The study recommends that efforts should be made to simplify and streamline the application and disbursement processes for enterprise funds, particularly for women and youth entrepreneurs who may face additional barriers to accessing funds.
{"title":"Influence of Devolved Enterprise Funds on Household Welfare in Kenya","authors":"Peter Shibairo, D. Ngaruko, N. Wawire","doi":"10.47604/ijecon.1985","DOIUrl":"https://doi.org/10.47604/ijecon.1985","url":null,"abstract":"Purpose: Devolved enterprise funds would contribute to increased entrepreneurship and household welfare in Kenya, leading to reduced poverty levels and improved living standards. The extent of the impact of devolved enterprise funds on household welfare in Kenya is uncertain. Despite the funds being available, many entrepreneurs in Kenya still struggle to access capital and other resources needed to start and grow their businesses. This has limited the potential benefits of devolved enterprise funds on household welfare. This study investigated the influence of devolved enterprise funds on household welfare in Kenya. \u0000Methodology: The study employed a non-experimental pooled cross-sectional research design. The study targeted the households listed in the 2015/2016 Kenya Integrated Household Budget Survey which indicated the residence of households’ owners from which a random sample of 384 households was generated using the Fisher’s formula. Cross sectional data were collected from selected households using structured questionnaire. Random utility maximization theory was used to determine people’s choice, preferences and decision making. Simple linear regression model was used to estimate the relationship between variables. The data was presented in tables. \u0000Findings: Findings revealed that devolved enterprise funds had a significant positive influence on household welfare in Kenya. Therefore, household welfare will improve if devolved enterprise funds positively influence the welfare of many households in Kenya. \u0000Unique Contribution to Theory, Practice and Policy: The study recommends that efforts should be made to simplify and streamline the application and disbursement processes for enterprise funds, particularly for women and youth entrepreneurs who may face additional barriers to accessing funds.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87735669","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 : 2023-05-19DOI: 10.34104/ijma.023.033040
The war for talent is an ongoing problem for organizations. This study examined strategic talent management in the workplace. It compared three talent management dimensions including: a) attraction b) selection and c) retention in hard skills and soft skills. The research reviewed the barriers to effective talent management and successful policies. The author conducted semi-structured interviews with 24 human resources (HR) professionals, focusing on strategic talent management dimensions in hard skills and soft skills. Responses from the interviews were coded and details about the differences were summarized. The data from the interviews were evaluated using chi-square analyses to identify statistically significant differences in HR professionals’ perceptions of strategic talent management in hard skills versus soft skills. The research suggested plausible reasons for the significant differences in managers’ perceptions of talent management effectiveness in hard skills and soft skills. These results create a comprehensive framework for organizations to develop strategic talent management guidelines.
{"title":"Strategic Talent Management: A Comparative Analysis of Hard Vs. Soft Skills","authors":"","doi":"10.34104/ijma.023.033040","DOIUrl":"https://doi.org/10.34104/ijma.023.033040","url":null,"abstract":"The war for talent is an ongoing problem for organizations. This study examined strategic talent management in the workplace. It compared three talent management dimensions including: a) attraction b) selection and c) retention in hard skills and soft skills. The research reviewed the barriers to effective talent management and successful policies. The author conducted semi-structured interviews with 24 human resources (HR) professionals, focusing on strategic talent management dimensions in hard skills and soft skills. Responses from the interviews were coded and details about the differences were summarized. The data from the interviews were evaluated using chi-square analyses to identify statistically significant differences in HR professionals’ perceptions of strategic talent management in hard skills versus soft skills. The research suggested plausible reasons for the significant differences in managers’ perceptions of talent management effectiveness in hard skills and soft skills. These results create a comprehensive framework for organizations to develop strategic talent management guidelines.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88345366","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 Kenyan manufacturing sector’s contribution to the economy has been declining. It has stagnated at 10% of the gross domestic product (GDP), contributing to an average of 10% from 1964-1973 and marginally increased to 13.6% from 1990-2007 and has been below 10% in recent years further dropping to 8.4% in 2017 and 7.1% in 2020 ultimately hitting its lowest in 2022 of 7.2%. The government has renewed its efforts to revive the sector to grow its contribution to GDP to 20% by 2030. Financing by equity is significant for listed firms. This study applied Dynamic Unbalanced Panel analysis techniques using Secondary data for 10-year period (2010 - 2019) with the study population comprising of 9 listed firms. A census of the firms was done and resulted to 86 observations. Focus was on equity financing moderated by economic growth and earnings volatility on firm value which was proxied by Tobin’s Q and EVA. Pecking order guided the study. Longitudinal research design was used as it is appropriate when dealing with panel data. STATA version 15 was used for analysis. Model estimation followed a two Step System GMM testing the study hypotheses at 5 % significance level. Pearson correlation coefficient was used to show the strength and direction of association among the study variables. Equity financing had a negative correlation with Tobin Q (r = -0.2682). The regression weight being (β= -0.1674526; p = 0.002 < 0.005). On the other hand, Equity to assets ratio (EAR) was found to have positive correlation with Ln EVA (r= 0.5218). The regression coefficient was positive but not significant (β = 0.2901601; p = 0.087 > 0.05) and hence concluding that it improved firm value marginally. The study therefore concluded that equity financing structure directly determines value of the firm by eroding Tobin Q and hence equity financing need to be limited. Future studies can consider static panel analysis models and other panel data econometric techniques. Purpose: The purpose of the study was to analyze the relationship between equity financing and the value of the firm. Methodology: The study adopted a longitudinal research design. The target population comprised the nine manufacturing firms which were listed on the Nairobi Securities exchange (NSE) for the period 2010 to 2019. The study used secondary data from the published financial statements of the firms. A census of the 9 manufacturing firms was done and this comprised a total of 86 observations due to missing data during the study period hence the Unbalanced Panel Analysis approach. Model Selection followed Arellano &Bond (1991) Panel data procedures. A two-step system GMM was used. STATA Version 15 software was used for data analysis. Unit root tests were conducted using the Im–Pesaran–Shin and Fisher-type tests which allow for unbalanced panels. Findings: It was found that equity financing as was proxied by equity to assets ratio (EAR) had a weak negative correlation with Tobin Q. The regression weight for
{"title":"Equity Financing and Firm Value; Short Run and Long Run Dynamics: A Generalized Method of Moments Approach","authors":"A. Oganda","doi":"10.47604/ijecon.1942","DOIUrl":"https://doi.org/10.47604/ijecon.1942","url":null,"abstract":"The Kenyan manufacturing sector’s contribution to the economy has been declining. It has stagnated at 10% of the gross domestic product (GDP), contributing to an average of 10% from 1964-1973 and marginally increased to 13.6% from 1990-2007 and has been below 10% in recent years further dropping to 8.4% in 2017 and 7.1% in 2020 ultimately hitting its lowest in 2022 of 7.2%. The government has renewed its efforts to revive the sector to grow its contribution to GDP to 20% by 2030. Financing by equity is significant for listed firms. This study applied Dynamic Unbalanced Panel analysis techniques using Secondary data for 10-year period (2010 - 2019) with the study population comprising of 9 listed firms. A census of the firms was done and resulted to 86 observations. Focus was on equity financing moderated by economic growth and earnings volatility on firm value which was proxied by Tobin’s Q and EVA. Pecking order guided the study. Longitudinal research design was used as it is appropriate when dealing with panel data. STATA version 15 was used for analysis. Model estimation followed a two Step System GMM testing the study hypotheses at 5 % significance level. Pearson correlation coefficient was used to show the strength and direction of association among the study variables. Equity financing had a negative correlation with Tobin Q (r = -0.2682). The regression weight being (β= -0.1674526; p = 0.002 < 0.005). On the other hand, Equity to assets ratio (EAR) was found to have positive correlation with Ln EVA (r= 0.5218). The regression coefficient was positive but not significant (β = 0.2901601; p = 0.087 > 0.05) and hence concluding that it improved firm value marginally. The study therefore concluded that equity financing structure directly determines value of the firm by eroding Tobin Q and hence equity financing need to be limited. Future studies can consider static panel analysis models and other panel data econometric techniques. \u0000Purpose: The purpose of the study was to analyze the relationship between equity financing and the value of the firm. \u0000Methodology: The study adopted a longitudinal research design. The target population comprised the nine manufacturing firms which were listed on the Nairobi Securities exchange (NSE) for the period 2010 to 2019. The study used secondary data from the published financial statements of the firms. A census of the 9 manufacturing firms was done and this comprised a total of 86 observations due to missing data during the study period hence the Unbalanced Panel Analysis approach. Model Selection followed Arellano &Bond (1991) Panel data procedures. A two-step system GMM was used. STATA Version 15 software was used for data analysis. Unit root tests were conducted using the Im–Pesaran–Shin and Fisher-type tests which allow for unbalanced panels. \u0000Findings: It was found that equity financing as was proxied by equity to assets ratio (EAR) had a weak negative correlation with Tobin Q. The regression weight for","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88728101","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 : 2023-03-30DOI: 10.38203/jiem.023.1.0060
Quoc Trung Tran, Xuan Minh Nguyen, Tuan D. Nguyen, Thi Trung Nguyen, T. Dao, Quang Tam Nguyen
The literature shows that the relationship between state ownership and corporate investment is debatable. This study examines this relationship in Vietnam as a transitional economy. Our sample consists of 4,680 observations from 2009 to 2020. Using fixed effects and random effects for panel data, random effects Tobit, and pooled OLS, we find that state ownership decreases investment expenditures. Moreover, this negative impact is stronger if the firms are financially unconstrained. Our results indicate that weak corporate governance and soft budget constraints arising from state ownership may fail to determine investment decisions. A government’s negative attitude toward risk and conservatism may effectively affect corporate investment.
{"title":"State ownership and corporate investment: evidence from Vietnamese stock market","authors":"Quoc Trung Tran, Xuan Minh Nguyen, Tuan D. Nguyen, Thi Trung Nguyen, T. Dao, Quang Tam Nguyen","doi":"10.38203/jiem.023.1.0060","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0060","url":null,"abstract":"The literature shows that the relationship between state ownership and corporate investment is debatable. This study examines this relationship in Vietnam as a transitional economy. Our sample consists of 4,680 observations from 2009 to 2020. Using fixed effects and random effects for panel data, random effects Tobit, and pooled OLS, we find that state ownership decreases investment expenditures. Moreover, this negative impact is stronger if the firms are financially unconstrained. Our results indicate that weak corporate governance and soft budget constraints arising from state ownership may fail to determine investment decisions. A government’s negative attitude toward risk and conservatism may effectively affect corporate investment.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76543804","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 : 2023-03-30DOI: 10.38203/jiem.023.1.0061
Vinh Le, Quang Pham, T. Bui, Phuong Nguyen
This study aims to evaluate the factors affecting the level of customer deposits in Vietnamese commercial banks. The research sample includes 25 banks from 2009 to 2021. The secondary data were collected from the audited financial statements of banks and the statistical information of the Hanoi and Ho Chi Minh Stock Exchanges. The regression results show that bank profitability, loan quality, listing status, and state-controlled ownership have a positive effect on the level of customer deposits, while bank liquidity, average interest rate, and global financial crisis negatively affect the level of customer deposits. According to these results, commercial banks should focus on developing benefits for depositors and strategies to build customer trust and confidence to increase the level of customer deposits. The findings also imply the positive role of deposit insurance and the State Bank, together with the government, in mobilizing deposits from customers. Our study provides reliable empirical evidence of the impact of state-controlled ownership, stock listing, and global financial crisis on the level of customer deposits. Bank managers and other stakeholders attract deposits from customers, and the findings add to the evidence for developing related theories.
{"title":"Factors affecting the level of customer deposit: the case of commercial banks in Vietnam","authors":"Vinh Le, Quang Pham, T. Bui, Phuong Nguyen","doi":"10.38203/jiem.023.1.0061","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0061","url":null,"abstract":"This study aims to evaluate the factors affecting the level of customer deposits in Vietnamese commercial banks. The research sample includes 25 banks from 2009 to 2021. The secondary data were collected from the audited financial statements of banks and the statistical information of the Hanoi and Ho Chi Minh Stock Exchanges. The regression results show that bank profitability, loan quality, listing status, and state-controlled ownership have a positive effect on the level of customer deposits, while bank liquidity, average interest rate, and global financial crisis negatively affect the level of customer deposits. According to these results, commercial banks should focus on developing benefits for depositors and strategies to build customer trust and confidence to increase the level of customer deposits. The findings also imply the positive role of deposit insurance and the State Bank, together with the government, in mobilizing deposits from customers. Our study provides reliable empirical evidence of the impact of state-controlled ownership, stock listing, and global financial crisis on the level of customer deposits. Bank managers and other stakeholders attract deposits from customers, and the findings add to the evidence for developing related theories.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83659844","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 : 2023-03-30DOI: 10.38203/jiem.023.1.0058
Y. Pham, Tien-Chin Wang, H. Nguyen, Anh T. N. Nguyen
Vietnam is one of the world’s top five exporters of textiles and apparel. Textile and apparel companies not only account for a large amount of foreign currency revenue to the state budget, but also contribute to job creation. Therefore, it is of great importance to learn about the financial stability of this strategic economic industry and the issues it needs to address currently or in the future. This study attempts to evaluate 11 Vietnamese textile and apparel companies based on their financial performance using the entropy-TOPSIS method. Seven financial stability ratio data of these companies within the period 2016-2018 were formulated and used for ranking. The ranking shows the degree of their business’s financial stability and security. Moreover, the findings may provide company-level managers and industry management officials with insight into the industry’s financial stability. Managers can see their financial stability status among others in the industry, while officials can identify companies that need government support for funding or interest rate adjustment.
{"title":"An evaluation of financial performance of vietnam textile and apparel industry using Entropy-TOPSIS method","authors":"Y. Pham, Tien-Chin Wang, H. Nguyen, Anh T. N. Nguyen","doi":"10.38203/jiem.023.1.0058","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0058","url":null,"abstract":"Vietnam is one of the world’s top five exporters of textiles and apparel. Textile and apparel companies not only account for a large amount of foreign currency revenue to the state budget, but also contribute to job creation. Therefore, it is of great importance to learn about the financial stability of this strategic economic industry and the issues it needs to address currently or in the future. This study attempts to evaluate 11 Vietnamese textile and apparel companies based on their financial performance using the entropy-TOPSIS method. Seven financial stability ratio data of these companies within the period 2016-2018 were formulated and used for ranking. The ranking shows the degree of their business’s financial stability and security. Moreover, the findings may provide company-level managers and industry management officials with insight into the industry’s financial stability. Managers can see their financial stability status among others in the industry, while officials can identify companies that need government support for funding or interest rate adjustment. ","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75593330","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 : 2023-03-30DOI: 10.38203/jiem.023.1.0057
N. Nguyen, Tien Dao, H. Nguyen
This study aims to identify the role of exports in improving the productivity of small- and medium-sized enterprises (SMEs) in Vietnam. We exploit the firm-level panel dataset from the Vietnam SME Survey between 2009 and 2014. This remarkable period occurred two years after Vietnam’s accession to the World Trade Organization. Hence, for the first time, the learning-by-exporting hypothesis was tested for a case study of SMEs in developing countries in the context of international trade integration, such as Vietnam. By applying the propensity score matching method, our results are as follows. First, we find strong evidence that SMEs in Vietnam could improve their productivity when exporting during the studied period. Second, exports have a significant impact on the productivity of SMEs in non-municipal areas of Vietnam. Based on these findings, policy recommendations are suggested for stimulating the productivity of SMEs in developing countries. In particular, SMEs in non-municipal provinces might need more favorable policies to boost export activities.
{"title":"On the revision of detecting learning-by-exporting: empirical evidence from the small- and medium-sized enterprises in Vietnam","authors":"N. Nguyen, Tien Dao, H. Nguyen","doi":"10.38203/jiem.023.1.0057","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0057","url":null,"abstract":"This study aims to identify the role of exports in improving the productivity of small- and medium-sized enterprises (SMEs) in Vietnam. We exploit the firm-level panel dataset from the Vietnam SME Survey between 2009 and 2014. This remarkable period occurred two years after Vietnam’s accession to the World Trade Organization. Hence, for the first time, the learning-by-exporting hypothesis was tested for a case study of SMEs in developing countries in the context of international trade integration, such as Vietnam. By applying the propensity score matching method, our results are as follows. First, we find strong evidence that SMEs in Vietnam could improve their productivity when exporting during the studied period. Second, exports have a significant impact on the productivity of SMEs in non-municipal areas of Vietnam. Based on these findings, policy recommendations are suggested for stimulating the productivity of SMEs in developing countries. In particular, SMEs in non-municipal provinces might need more favorable policies to boost export activities.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86031642","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 : 2023-03-30DOI: 10.38203/jiem.023.1.0059
Nhung Le
This study uses a spatial econometric model to evaluate the impact of transportation capital and provincial competitiveness on economic growth in Vietnam. Data from 63 provinces and cities in Vietnam were collected between 2010 and 2017. The results reveal that both direct and indirect effects of transportation capital are positive and statistically significant, and that the spillover effect is strong. On average, a 1% increase in the transport capital of a province directly contributes to the province’s GDP increase to 0.03%, and a 1% increase in the transport capital of all 62 other provinces indirectly contributes to the GDP increase of the remaining province to 0.242%. The results confirm the high efficiency of synchronous investments in the transport infrastructure. In addition, the study points to the necessity of improving labor quality, which is closely related to the services provided by the provincial government: general education, vocational training, and employment service growth.
{"title":"Spillover effects of transportation capital and provincial competitiveness on economic growth in Vietnam","authors":"Nhung Le","doi":"10.38203/jiem.023.1.0059","DOIUrl":"https://doi.org/10.38203/jiem.023.1.0059","url":null,"abstract":"This study uses a spatial econometric model to evaluate the impact of transportation capital and provincial competitiveness on economic growth in Vietnam. Data from 63 provinces and cities in Vietnam were collected between 2010 and 2017. The results reveal that both direct and indirect effects of transportation capital are positive and statistically significant, and that the spillover effect is strong. On average, a 1% increase in the transport capital of a province directly contributes to the province’s GDP increase to 0.03%, and a 1% increase in the transport capital of all 62 other provinces indirectly contributes to the GDP increase of the remaining province to 0.242%. The results confirm the high efficiency of synchronous investments in the transport infrastructure. In addition, the study points to the necessity of improving labor quality, which is closely related to the services provided by the provincial government: general education, vocational training, and employment service growth.","PeriodicalId":42721,"journal":{"name":"International Journal of Economics Management and Accounting","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80372223","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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