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Application of Altman’s Z-Score Model in Predicting Financial Distress of the Ceramic Industry: Evidence from Bangladesh Altman Z-Score模型在陶瓷行业财务危机预测中的应用:来自孟加拉国的证据
IF 1.2 Pub Date : 2023-03-30 DOI: 10.34104/ijma.023.0024032
The purpose of this paper is to predict the financial position and possibility of the ceramic industry in Bangladesh. This paper uses Altman’s Original Z-Score model for predicting the financial status of the companies. The study begins with a literature review of secondary data from articles, annual reports, periodicals, newspapers, and previous research papers, and the data was collected from the industry’s annual reports published on their websites. It investigated a total of 60 annual reports during the twelve years of the five ceramic industries namely; RAK, Shinepukur, Monno, Standard, and Fu-Wang ceramic which are listed in the Dhaka and Chittagong Stock Exchange Limited. The results showed that RAK, Fu-Wang, and Standard ceramics had a mean score greater than 2.99(safe zone) in about (75%), (41.67%), and (25%) of the year respectively. Among them, the rest of the two companies failed to reach the safe zone. On the other hand, in the grey area, the highest rate was 66.67% with Monno, and Standard ceramics at 50%. In contrast, the lowest rate was in the RAK ceramics. The percentage in the grey area denotes the moderate financial position of a company. Interestingly, the highest score in the distress zone was 33.33% with Shinepukur. And in none of the years, has Shinepukur reached the safe zone. In the distress area, RAK had the lowest rate 16.67% among the five companies. Overall, in total, 28.33% of the year, Z-score reached the safe zone, of which 37% had in the Grey Zone, and 34.6% had in the distress zone.
本文的目的是预测孟加拉国陶瓷行业的财务状况和可能性。本文使用Altman的原始Z-Score模型来预测公司的财务状况。本研究首先对二手数据进行文献回顾,这些二手数据来自文章、年度报告、期刊、报纸和以前的研究论文,数据收集自行业网站上发布的年度报告。它调查了五大陶瓷行业12年间共60份年度报告,即;RAK, Shinepukur, Monno, Standard和Fu-Wang陶瓷在达卡和吉大港证券交易所有限公司上市。结果表明,RAK、Fu-Wang和Standard ceramics的平均评分分别为(75%)、(41.67%)和(25%),均大于2.99(安全区)。其中,其余两家公司未能到达安全区域。另一方面,在灰色区域,莫诺陶瓷的检出率最高,为66.67%,标准陶瓷为50%。相比之下,RAK陶瓷的发生率最低。灰色区域的百分比表示公司的财务状况中等。有趣的是,Shinepukur在痛苦区得分最高,为33.33%。这些年来,希内普库尔都没有到达安全地带。在困境地区,RAK的比率为16.67%,在5家公司中最低。总体而言,全年有28.33%的Z-score达到了安全区,其中37%的Z-score处于灰色地带,34.6%的Z-score处于危难地带。
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引用次数: 1
The impact of personality traits on positivity at work and job performance of officers – An empirical investigation at the district-level administrative agency in Hanoi 人格特质对干部工作积极性和工作绩效的影响——河内市区级行政机构的实证调查
IF 1.2 Pub Date : 2023-03-30 DOI: 10.38203/jiem.023.1.0063
Nam Nguyen Danh, L. Uong
This study investigates the influence of personality traits on positivity at work and officer performance at the district-level administrative agency in Hanoi. Based on the information obtained from 420 officers, the structural equation model was adopted to assess the impact of the Big Five model of personality on positivity at work and job performance. The results showed a positive relationship between personality traits, positivity at work, and job performance. At the same time, positivity at work positively impacts officers’ job performance. These findings suggest recommendations for district-level administrative agencies to enhance positivity at work and improve officers’ performance. This paper provides empirical evidence of the role of the Big Five model of personality. In addition, this study can serve as a reference for further research on organizational behavior in both public and private organizations.
摘要本研究探讨河内市区级行政机关人员人格特质对工作积极性及绩效的影响。基于420名警官的信息,采用结构方程模型来评估大五人格模型对工作积极性和工作绩效的影响。结果显示,人格特质、工作积极性和工作绩效之间存在正相关关系。同时,工作上的积极态度对警员的工作表现也有积极的影响。这些发现为区级行政机构提高工作积极性和改善官员绩效提出了建议。本文提供了大五人格模型作用的实证证据。此外,本研究可以为进一步研究公共组织和私人组织的组织行为提供参考。
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引用次数: 0
Factors influencing the decision to outsource logistics services of SMEs in Vietnam 影响越南中小企业物流服务外包决策的因素
IF 1.2 Pub Date : 2023-03-30 DOI: 10.38203/jiem.023.1.0064
L. D. Bui, H. T. Nguyen
This study examines the factors influencing the decision to outsource logistics services of small- and medium-sized enterprises (SMEs). The Cronbach’s Alpha test, exploratory factor analysis, confirmatory factor analysis, and structural equation modeling were employed to analyze data collected from 204 Vietnamese SMEs in the export of agricultural products, seafood, and textile industries. The results show that the motivation to reduce costs and the characteristics of service providers have the most significant impact on these enterprises’ decisions to outsource logistics services. Moreover, outsourcing strategy also affects logistics outsourcing decisions. Based on the results, this study provides recommendations for logistics service providers to attract customers and advise SMEs on the decision-making process to outsource or operate logistics activities themselves.
本研究探讨影响中小企业物流服务外包决策的因素。本文采用Cronbach’s Alpha检验、探索性因子分析、验证性因子分析和结构方程模型对204家越南农产品、海产品和纺织出口中小企业的数据进行了分析。结果表明,降低成本的动机和服务提供商的特征对这些企业的物流服务外包决策影响最为显著。此外,外包策略也会影响物流外包决策。基于研究结果,本研究为物流服务供应商提供了吸引客户的建议,并为中小企业外包或自己经营物流活动的决策过程提供了建议。
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引用次数: 0
Corporate social responsibility and financial performance in the banking industry: a comparative study of Australia and Vietnam 银行企业社会责任与财务绩效:澳大利亚与越南的比较研究
IF 1.2 Pub Date : 2023-03-30 DOI: 10.38203/jiem.023.1.0062
Ha Van Nguyen, Diem-Phuc Thi Vu, Giang Huong Pham, Huong-Giang Thi Phan, Khanh Gia Le
While investigating the financial implications of corporate social responsibility (CSR) is important for all kinds of enterprises, such an examination is crucial for firms operating in the banking industry given their essential role in boosting economic development in any nation. Therefore, this study aims to examine the relationship between CSR and financial performance in a sample of banks in Australia and Vietnam. Content analysis was employed to evaluate CSR information and multivariate regressions were used to assess the financial effects of CSR practices. The research findings show a significantly positive association between CSR and financial performance. Moreover, this positive relationship is more pronounced among Vietnamese banks than among their Australian counterparts. Our empirical evidence remains unchanged in a battery of robustness tests. Consequently, these findings have practical implications for commercial bank managers, policymakers, and investors.
虽然调查企业社会责任(CSR)的财务影响对所有类型的企业都很重要,但鉴于银行业在促进任何国家经济发展方面的重要作用,这种检查对在银行业经营的公司至关重要。因此,本研究旨在以澳大利亚和越南的银行为样本,研究企业社会责任与财务绩效之间的关系。企业社会责任信息评估采用内容分析,企业社会责任实践财务效果评估采用多元回归分析。研究发现企业社会责任与财务绩效之间存在显著的正相关关系。此外,这种积极关系在越南银行中比在澳大利亚银行中更为明显。我们的经验证据在一系列稳健性测试中保持不变。因此,这些发现对商业银行管理者、政策制定者和投资者具有实际意义。
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引用次数: 2
Gender Mainstreaming in Kenya’s Trade Agreements: The Africa Continental Free Trade Area 肯尼亚贸易协定中的性别主流化:非洲大陆自由贸易区
IF 1.2 Pub Date : 2023-03-17 DOI: 10.47604/ijecon.1862
T. Nganga
Purpose: The aim of this paper is to investigate whether the Treaty establishing the African Continental Free Trade Area (AfCFTA) Agreement is gender mainstreamed. Specifically, the study investigates how gender related issues are represented in the Agreements establishing the AfCFTA; analyses whether the Agreement establishing the AfCFTA commits to addressing the challenges that women face in participating in employment and trade; describes the contexts in which gender issues are mentioned in the Agreement; investigates whether the Agreement perpetuates gender inequality, is accommodative of gender issues without addressing inequality, or is gender transformative. Methodology: The paper uses textual analysis to check whether gender related words are used in the text and in what context. The paper also checks whether there is commitment to meeting gender related commitments and uses the Fletcher (2015) gender equality continuum as a conceptual framework to classify the Agreement as exploitative, accommodative or transformative.  Findings: The analysis finds that although there is an attempt to use gender related words, there is lack of commitment in the Agreement to implement these commitments. The intended inclusion of the Protocol on Women and Youth in Trade in the Agreement is expected gender mainstream the Agreement. Unique Contribution to Theory, Policy and Practice: The paper contributes to policy and practice on the negotiation and drafting of trade agreements not only by the Kenyan government but also by other African countries. That trade agreements should be negotiated and drafted with the intention of making effective implementation possible. Gender issues should not only be explicitly included in the trade agreements, but they should also be implemented and evaluated for their effectiveness.
目的:本文旨在探讨《非洲大陆自由贸易区协定》(AfCFTA)是否性别主流化。具体而言,本研究调查了性别相关问题如何在建立非洲自由贸易区的协议中得到体现;分析《非洲自由贸易区协定》是否致力于解决妇女在参与就业和贸易方面面临的挑战;描述《协定》中提到性别问题的背景;调查《协定》是否延续了性别不平等,是否在不解决不平等的情况下迁就了性别问题,或是否具有性别变革意义。研究方法:本文采用语篇分析的方法,检查语篇中是否使用了性别相关词汇,以及在什么语境中使用了性别相关词汇。本文还检查了是否有承诺履行与性别相关的承诺,并使用Fletcher(2015)性别平等连续体作为概念框架,将协议分为剥削性,适应性或变革性。结果:分析发现,《协定》虽然试图使用与性别有关的词语,但缺乏履行这些承诺的承诺。《协定》拟纳入《妇女和青年参与贸易议定书》,预计将成为《协定》的性别主流。对理论、政策和实践的独特贡献:本文不仅对肯尼亚政府,而且对其他非洲国家在贸易协定谈判和起草方面的政策和实践有贡献。贸易协定的谈判和起草应着眼于使其能够得到有效执行。性别问题不仅应明确列入贸易协定,而且还应加以执行和评价其效力。
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引用次数: 0
The Impact of Per Capita Income on the Health Care Cost in Ghana 加纳人均收入对医疗保健费用的影响
IF 1.2 Pub Date : 2023-03-07 DOI: 10.47604/ijecon.1821
Amposah Abriham
Purpose: This study was intended to study the impact of per capita income on health care cost. The objective of the study was to examine the relationship between per capita income and health care cost of patients. Secondary data sources were used and data was analyzed using the regression statistical tool at 5% level of significance which was presented in frequency tables and percentage. The study majorly focuses on the statistical relationship between per capita income and health care cost in Ghana. Methodology: This study adopted both descriptive and explanatory research design. This study utilizes secondary data extracted from respondents used for the study. With the secondary data collected, returns on assets and equity for the relevant years were computed. Findings: The study findings revealed that there is a relationship between per capita income and health care cost in Ghana; based on the findings from the study, efforts should be made by the Ghanian government and stakeholders in ensuring an affordable health care cost for all irrespective of class and social standing. Unique Contribution to Theory, Practice and Policy: The study recommends that the health care cost should be directly proportional to the monthly income of the people in Ghana.
目的:本研究旨在探讨人均收入对医疗保健费用的影响。本研究的目的是探讨人均收入与患者医疗保健费用之间的关系。采用二次数据源,采用回归统计工具在5%显著性水平上进行数据分析,显著性水平以频率表和百分比表示。本研究主要关注加纳人均收入与医疗保健费用之间的统计关系。研究方法:本研究采用描述性和解释性研究设计。本研究利用二次数据提取的受访者用于研究。根据收集的二手数据,计算相关年度的资产和权益回报率。研究结果表明,加纳的人均收入与医疗保健费用之间存在关系;根据这项研究的结果,加纳政府和利益攸关方应作出努力,确保无论阶级和社会地位如何,所有人都能负担得起医疗保健费用。对理论、实践和政策的独特贡献:该研究建议,卫生保健费用应与加纳人民的月收入成正比。
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引用次数: 0
Impact of Energy Sector Reforms on Electricity Penetration in Kenya Relative to Other Reforming Developing Countries 相对于其他改革中的发展中国家,能源部门改革对肯尼亚电力普及率的影响
Pub Date : 2023-03-07 DOI: 10.47604/ijecon.1822
Isabella Mwangi, John Gathiaka, Peter Kimuyu
Purpose: There are observable improvements in Kenya’s electricity sector since the mid-1990s. Among these are increase in electricity generated and an increase in number of households and institutions connected to the grid. These milestones have been achieved during the reform period. To find out whether these achievements are attributable to the reforms or not is the subject of this paper. This paper carries out an econometric evaluation of the impact of electricity sector reforms in Kenya relative to other four developing countries using panel data over the period 1993 to 2018. The paper assesses the impact of restructuring, unbundling, competition and private sector participation on electricity access. Methodology: In this study we carried out estimations of the outcome of reforms using panel data. The study period 1993 to 2018 was chosen based on data availability and also the consideration that power sector reforms in Kenya, Uganda, Tanzania and Senegal began after 1993. Findings: Using fixed effect method the study concludes that competition is key in enhancing access to electricity nationally and in both rural and urban areas. On the other hand, restructuring has a negative impact on both electrification in the four countries under study. Unique Contribution to Theory, Practice and Policy: Allowing more players and also in the buying of bulk energy for onward transmission and distribution with the aim of ultimately having a fully competitive marketing the sector would therefore improve the power industry outcomes.
目的:自20世纪90年代中期以来,肯尼亚的电力部门有了明显的改善。其中包括发电量的增加以及接入电网的家庭和机构数量的增加。这些里程碑是在改革期间取得的。这些成果是否归功于改革是本文的主题。本文使用1993年至2018年期间的面板数据,对肯尼亚电力部门改革相对于其他四个发展中国家的影响进行了计量经济学评估。本文评估了重组、分拆、竞争和私营部门参与对电力接入的影响。方法:在本研究中,我们使用面板数据对改革的结果进行了估计。选择1993年至2018年的研究期间是基于数据的可用性,并考虑到肯尼亚、乌干达、坦桑尼亚和塞内加尔的电力部门改革始于1993年之后。研究结果:采用固定效应方法,研究得出结论,竞争是提高全国和城乡地区电力获取的关键。另一方面,重组对所研究的四个国家的电气化都有负面影响。 对理论、实践和政策的独特贡献:允许更多的参与者购买大宗能源用于后续的传输和分配,最终建立一个充分竞争的市场,从而改善电力行业的结果。
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 Methodology: In this study we carried out estimations of the outcome of reforms using panel data. The study period 1993 to 2018 was chosen based on data availability and also the consideration that power sector reforms in Kenya, Uganda, Tanzania and Senegal began after 1993.
 Findings: Using fixed effect method the study concludes that competition is key in enhancing access to electricity nationally and in both rural and urban areas. On the other hand, restructuring has a negative impact on both electrification in the four countries under study.
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引用次数: 0
Capiz State University Stakeholders’ Satisfaction Index: Insights for Quality Service Delivery Enhancement 卡皮斯州立大学利益相关者满意度指数:提高服务质量的洞察
IF 1.2 Pub Date : 2023-03-04 DOI: 10.34104/ijma.023.00190023
The research determined the stakeholder’s level of satisfaction with the dimensions of quality service delivery enhancement. It covered the stakeholder’s satisfaction with reliability, assurance, tangibles, empathy, and responsiveness. The results highlighted that the stakeholders’ satisfaction on the dimensions of quality service was higher than the service quality standard, especially in assurance and empathy, while above the minimum standard for reliability and responsiveness, and less comparable for tangibility. The research claimed high manifestations of quality of service as to assurance by personnel’s friendliness, familiarity with tasks, updated documents and information, availability of resources, courteous, promptly fulfilled promised services, and made stakeholders at ease and secure. The results scored a high stakeholders’ satisfaction on reliability and quality of service dimensions, records, and data were accurate, safely kept, available anytime and personnel gave clear information and alternative solutions to problems. Findings on stakeholders' satisfaction with responsiveness were above average except on clients’ insecurity where the client’s needs are heard, prompt service, courteous enough, and arranged time for clients to get the documents. The results on tangibility service quality were high, while the average for empathy. Moreover, there was a significant variation between the levels of respondents’ satisfaction and reliability, responsiveness, assurance, and empathy but when it comes to tangibles, an insignificant difference was evident. When stakeholders were categorized by campus, there was a substantial variation in the level of satisfaction and service quality parameters, significant differences existed on reliability, responsiveness, tangibles, and empathy, while in terms of assurance, students’ satisfaction was similar.
研究确定了利益相关者对优质服务交付提升维度的满意程度。它涵盖了涉众对可靠性、保证、有形、移情和响应的满意度。结果表明,利益相关者在服务质量维度上的满意度高于服务质量标准,尤其是在保证和同理心方面,而在可靠性和响应性方面高于最低标准,而在有形性方面的可比性较低。研究表明,服务质量的高表现为人员的友好、对任务的熟悉、文件和信息的更新、资源的可用性、礼貌、及时履行承诺的服务以及使利益相关者感到安心和安全。结果在服务的可靠性和质量方面,记录和数据准确,保存安全,随时可用,人员提供明确的信息和问题的替代解决方案方面获得了很高的利益相关者满意度。利益相关者对回应的满意度高于平均水平,除了客户的不安全感,客户的需求被听到,服务及时,足够礼貌,以及为客户安排了获取文件的时间。有形服务质量得分较高,同理心得分一般。此外,受访者的满意度水平与可靠性、反应性、保证性和同理心之间存在显著差异,但在有形方面,差异不显著。在以校园为分类的利益相关者中,满意度水平和服务质量参数存在较大差异,在可靠性、响应性、有形和移情方面存在显著差异,而在保证方面,学生的满意度相似。
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引用次数: 0
PHÂN TÍCH TÁC ĐỘNG CỦA HOẠT ĐỘNG LIVESTREAMING TRÊN MẠNG XÃ HỘI ĐẾN HÀNH VI MUA SẮM TRỰC TUYẾN CỦA GEN-Z 分析社交网络直播对GEN-Z在线购物行为的影响
IF 1.2 Pub Date : 2023-02-28 DOI: 10.38203/jiem.vi.082022.1004
Xuân Cù Lê, Thị Ngát Bùi, Đình Quyền Nguyễn
Livestream trên mạng xã hội là một giải pháp thúc đẩy mua sắm trực tuyến hiệu quả hiện nay. Bài viết được thực hiện với mục tiêu phân tích các nhân tố tác động đến sự chấp nhận xem livestream trên mạng xã hội và vai trò của nó đối với hành vi mua sắm trực tuyến của thế hệ Z. Mô hình nghiên cứu được phát triển từ mô hình sử dụng và hài lòng (UGT) với 362 phiếu khảo sát được thu thập từ khách hàng trẻ tại Việt Nam bằng phương pháp mô hình cấu trúc tuyến tính (SEM). Kết quả đã khẳng định tính hữu dụng, nhận thức thời gian rỗi, tính giải trí, và tính tương tác xã hội ảnh hưởng thuận chiều dự định xem livestream của khách hàng trẻ. Đồng thời, tính dễ sử dụng đóng vai trò quan trọng của tăng cường tính hữu dụng dịch vụ livestream trên mạng xã hội. Hơn nữa, việc xem livestream này sẽ thúc đẩy hành vi mua sắm trực tuyến của thế hệ Z. Cuối cùng, bài viết rút ra một số hàm ý học thuật và hàm ý quản trị.
“生活网”是一种有效的在线购物方式。本文的目的是分析影响社交网络上livestream接受度的因素,以及它对z一代在线购物行为的影响。结果证实了有用性、休闲意识、娱乐和社交互动对年轻客户的livestream的计划有积极的影响。与此同时,易用性是提高社交网络上livestream服务有效性的关键。此外,观看livestream将促进z一代的在线购物行为,最后,这篇文章揭示了一些学术和管理的含义。
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引用次数: 0
QUẢN TRỊ SỞ HỮU TRÍ TUỆ CỦA DOANH NGHIỆP KHỞI NGHIỆP VIỆT NAM: TIẾP CẬN TỪ MÔ HÌNH AIDA 越南创业企业知识产权管理:从AIDA模式获取
IF 1.2 Pub Date : 2023-02-28 DOI: 10.38203/jiem.vi.032022.0959
T. Lê, Thị Đài Trang Lương, Quang Minh Vũ
Nghiên cứu này nhằm đo lường và so sánh hoạt động quản trị sở hữu trí tuệ của các doanh nghiệp khởi nghiệp Việt Nam trong năm lĩnh vực: du lịch, tài chính ngân hàng, nông nghiệp, thực phẩm và đồ uống, công nghệ thông tin. Nghiên cứu tiếp cận dựa trên mô hình quản trị marketing AIDA dưới góc độ quản trị sở hữu trí tuệ với bốn cấp độ đánh giá: nhận thức, bảo vệ, quản lý, khai thác. Kết quả phân tích dữ liệu thông qua khảo sát bằng bảng hỏi của 295 doanh nghiệp bằng phân tích phương sai (ANOVA) cho thấy có sự chênh lệch về nhận thức của doanh nghiệp công nghệ thông tin với doanh nghiệp du lịch về nhãn hiệu và tên thương mại. Thông qua kết quả phân tích, nghiên cứu cứu đã đưa ra đề xuất liên quan đến các dịch vụ hỗ trợ về quản trị sở hữu trí tuệ đối với các doanh nghiệp khởi nghiệp.
本研究旨在衡量和比较越南创业企业在五个领域的知识产权管理活动:旅游、金融、银行、农业、食品和饮料、信息技术。基于AIDA营销管理模型的方法研究在知识产权管理的四个层次上进行评估:意识,保护,管理,利用。通过对295家企业的问卷调查(ANOVA),数据分析显示,在品牌和商业名称方面,信息技术企业与旅游企业的认知存在差异。通过分析,该研究提出了有关知识产权管理支持服务的建议。
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引用次数: 0
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International Journal of Economics Management and Accounting
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