This paper explores activities of the banking companies in the new regulatory environment of the European banking system. For this purpose, the dynamic panel data models are estimated by utilizing the system GMM estimator. The research sample consists of 35 publicly listed groups of banks operating in the period from 2000 to 2016, selected by size of assets. The chosen banking companies are unquestionably market makers on the bank-centric economy of the EU. Hence, the research is in line with other current empirical works regarding the post-Basel III Standard adjustment of the banking industry as a whole. The model results show that the required increase in capital position affects the lack of bank credit activity towards the non-financial sector. The banks can maintain the higher regulatory capital ratio and self-finance the required growth by increasing the volume of share capital. Asymmetric information about the bank's net worth discourage public investors to get into the shareholders position, which results in further bank lending constraints and reduced profitability. Potential growth of the revenue from non-credit risk operations cannot compensate for the negative pressure on the real value of the banking firm. From the policy-making perspective, the paper concludes that the resolution of structural problems of non-performing credit assets under new regulatory conditions should contribute to restoring the confidence of the investment public towards the self-financing capacity of the banking industry as well as bring the banking system back to the traditional client-oriented business model.
{"title":"Influence of regulatory capital requirements on the self-financing capacity of a banking company","authors":"Ivica Klinac, A. Pesa, Berislav Bolfek","doi":"10.15208/BEH.2019.5","DOIUrl":"https://doi.org/10.15208/BEH.2019.5","url":null,"abstract":"This paper explores activities of the banking companies in the new regulatory environment of the European banking system. For this purpose, the dynamic panel data models are estimated by utilizing the system GMM estimator. The research sample consists of 35 publicly listed groups of banks operating in the period from 2000 to 2016, selected by size of assets. The chosen banking companies are unquestionably market makers on the bank-centric economy of the EU. Hence, the research is in line with other current empirical works regarding the post-Basel III Standard adjustment of the banking industry as a whole. The model results show that the required increase in capital position affects the lack of bank credit activity towards the non-financial sector. The banks can maintain the higher regulatory capital ratio and self-finance the required growth by increasing the volume of share capital. Asymmetric information about the bank's net worth discourage public investors to get into the shareholders position, which results in further bank lending constraints and reduced profitability. Potential growth of the revenue from non-credit risk operations cannot compensate for the negative pressure on the real value of the banking firm. From the policy-making perspective, the paper concludes that the resolution of structural problems of non-performing credit assets under new regulatory conditions should contribute to restoring the confidence of the investment public towards the self-financing capacity of the banking industry as well as bring the banking system back to the traditional client-oriented business model.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45618255","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}
Chin-Hong Puah, Chong-Yang Sim, Mui-Yin Chin, M. Arip
As oil exports remain the main source of income for the Russian economy, the ongoing plunging of global oil prices is causing severe adverse supply shock and cost-push inflation in the country. The recent attempts at stabilisation policies by the policymakers have not been very successful in stabilising both national output and inflation. This has brought about concern over the relevance of policymaker interventions in the Russian economy. We investigate this matter by applying Asai’s (1999) model. Our empirical results indicated that the trade-off between output and inflation in the short run in Russia is inversely associated with the mean rate of inflation, which supports the new Keynesian view. As such, stabilisation policies, particularly monetary policies adopted by policymakers, are extremely crucial in moderating the short-run trade-off between output and inflation with respect to the recent financial crisis.
{"title":"The new Keynesian trade-off between output and inflation: Time series based evidence from Russia","authors":"Chin-Hong Puah, Chong-Yang Sim, Mui-Yin Chin, M. Arip","doi":"10.15208/BEH.2019.8","DOIUrl":"https://doi.org/10.15208/BEH.2019.8","url":null,"abstract":"As oil exports remain the main source of income for the Russian economy, the ongoing plunging of global oil prices is causing severe adverse supply shock and cost-push inflation in the country. The recent attempts at stabilisation policies by the policymakers have not been very successful in stabilising both national output and inflation. This has brought about concern over the relevance of policymaker interventions in the Russian economy. We investigate this matter by applying Asai’s (1999) model. Our empirical results indicated that the trade-off between output and inflation in the short run in Russia is inversely associated with the mean rate of inflation, which supports the new Keynesian view. As such, stabilisation policies, particularly monetary policies adopted by policymakers, are extremely crucial in moderating the short-run trade-off between output and inflation with respect to the recent financial crisis.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67084270","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}
P. Rubanov, Tetiana Vaylieva, S. Lyeonov, S. Pokhylko
The article examines the hypothesis about the existence of regional peculiarities in the development of alternative financing models (such as p2p consumer lending, p2p business lending, p2p real estate lending, balance sheet business lending, balance sheet consumer lending, equity-based crowdfunding, reward-based crowdfunding, real estate crowdfunding, profit sharing crowdfunding, donation-based crowdfunding, invoice trading, debt-based securities). According to an alternative hypothesis, due to the high integration of international financial markets, there are no regional peculiarities of the development of alternative financing models. The cluster analysis tools allow verifying these hypotheses. The cluster analysis methods used, such as tree clustering, k-means clustering, and two-way joining, demonstrate the lack of links between the country's regional affiliation and the degree of development of certain types of alternative financing in it. The key factors affecting the formation of clusters are volumes of peer-to-peer consumer lending and business lending, as well as the volume of invoice trading. According to the results of the research, the authors conclude that it is necessary to find other factors, apart from the regional features, which influence the ratio in the development of certain types of alternative financing in different countries.
{"title":"Cluster analysis of development of alternative finance models depending on the regional affiliation of countries","authors":"P. Rubanov, Tetiana Vaylieva, S. Lyeonov, S. Pokhylko","doi":"10.22004/ag.econ.287251","DOIUrl":"https://doi.org/10.22004/ag.econ.287251","url":null,"abstract":"The article examines the hypothesis about the existence of regional peculiarities in the development of alternative financing models (such as p2p consumer lending, p2p business lending, p2p real estate lending, balance sheet business lending, balance sheet consumer lending, equity-based crowdfunding, reward-based crowdfunding, real estate crowdfunding, profit sharing crowdfunding, donation-based crowdfunding, invoice trading, debt-based securities). According to an alternative hypothesis, due to the high integration of international financial markets, there are no regional peculiarities of the development of alternative financing models. The cluster analysis tools allow verifying these hypotheses. The cluster analysis methods used, such as tree clustering, k-means clustering, and two-way joining, demonstrate the lack of links between the country's regional affiliation and the degree of development of certain types of alternative financing in it. The key factors affecting the formation of clusters are volumes of peer-to-peer consumer lending and business lending, as well as the volume of invoice trading. According to the results of the research, the authors conclude that it is necessary to find other factors, apart from the regional features, which influence the ratio in the development of certain types of alternative financing in different countries.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68535752","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines the impact of financial integration and other variables on foreign direct investment capital inflows in ASEAN3 (Cambodia, Laos, and Vietnam) and ASEAN5 (Indonesia, Malaysia, Philippines, Thailand, Singapore). Other variables are the gross domestic product, interest rate, infrastructure facility, labor cost, and trade openness. This paper uses the panel ordinary least square estimation with the method of first differencing for the period between 1996 and 2016. The authors divide ASEAN member countries into two groups by the level of economic development. The findings indicate that the coefficient of financial integration is positive and significant at 1 % level of significance on foreign direct investment capital inflows. The empirical results also support the hypothesis that foreign direct investment in ASEAN is positively correlated to market size, infrastructure facilities, and negatively correlated to labor cost as well as trade openness in ASEAN3.
{"title":"The determinants of foreign direct investment in ASEAN: New evidence from financial integration factor","authors":"Ho Thanh Tri, V. T. Nga, V.H.T. Duong","doi":"10.15208/BEH.2019.18","DOIUrl":"https://doi.org/10.15208/BEH.2019.18","url":null,"abstract":"This paper examines the impact of financial integration and other variables on foreign direct investment capital inflows in ASEAN3 (Cambodia, Laos, and Vietnam) and ASEAN5 (Indonesia, Malaysia, Philippines, Thailand, Singapore). Other variables are the gross domestic product, interest rate, infrastructure facility, labor cost, and trade openness. This paper uses the panel ordinary least square estimation with the method of first differencing for the period between 1996 and 2016. The authors divide ASEAN member countries into two groups by the level of economic development. The findings indicate that the coefficient of financial integration is positive and significant at 1 % level of significance on foreign direct investment capital inflows. The empirical results also support the hypothesis that foreign direct investment in ASEAN is positively correlated to market size, infrastructure facilities, and negatively correlated to labor cost as well as trade openness in ASEAN3.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67084156","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}
O. Sharif, Zobaer Hasam, Chang Yun Fah, Mahboobeh Zangeneh Sirdari
This study proposes a new efficiency measurement technique CDS as combination of data envelopment analysis (DEA) and stochastic frontier analysis (SFA) and compares the CDS efficiency score with the DEA and SFA efficiency scores. The financial companies listed in Malaysian Stock Exchange for the period 2007-2016 are used to estimate the different types of efficiency score. Besides, linear regression analysis and ULFR (unreplicated linear functional relationship) analysis are used to analyze the performance of this CDS technique with the DEA and SFA techniques. The result suggests that the most efficient model is CDS which has a significant positive correlation with profit risk. Among the CDS, DEA and SFA techniques, the recommended technique (CDS) shows higher coefficient of determination values for both ULFR (0.9994) and linear regression (0.292) analysis. Also, based on the results of CDS, this study postulates that the most efficient firm is ACSM (Aeon Credit Service (M) Bhd) and the least efficient firm is MAY (Malayan Banking Bhd).
本文提出了一种新的效率测量方法CDS，即数据包络分析(DEA)和随机前沿分析(SFA)相结合，并将CDS效率得分与DEA和SFA效率得分进行了比较。利用2007-2016年在马来西亚证券交易所上市的金融公司来估计不同类型的效率得分。此外，利用线性回归分析和ULFR (unreplicated linear functional relationship)分析，结合DEA和SFA技术，对CDS技术的性能进行分析。结果表明，最有效的模型是CDS, CDS与盈利风险呈显著正相关。在CDS、DEA和SFA技术中，推荐技术(CDS)对ULFR分析的决定系数(0.9994)和线性回归分析的决定系数(0.292)都较高。此外，根据CDS的结果，本研究假设效率最高的公司是ACSM(永旺信贷服务(M) Bhd)，效率最低的公司是MAY(马来亚银行Bhd)。
{"title":"Efficiency analysis by combination of frontier methods: Evidence from unreplicated linear functional relationship model","authors":"O. Sharif, Zobaer Hasam, Chang Yun Fah, Mahboobeh Zangeneh Sirdari","doi":"10.22004/ag.econ.287252","DOIUrl":"https://doi.org/10.22004/ag.econ.287252","url":null,"abstract":"This study proposes a new efficiency measurement technique CDS as combination of data envelopment analysis (DEA) and stochastic frontier analysis (SFA) and compares the CDS efficiency score with the DEA and SFA efficiency scores. The financial companies listed in Malaysian Stock Exchange for the period 2007-2016 are used to estimate the different types of efficiency score. Besides, linear regression analysis and ULFR (unreplicated linear functional relationship) analysis are used to analyze the performance of this CDS technique with the DEA and SFA techniques. The result suggests that the most efficient model is CDS which has a significant positive correlation with profit risk. Among the CDS, DEA and SFA techniques, the recommended technique (CDS) shows higher coefficient of determination values for both ULFR (0.9994) and linear regression (0.292) analysis. Also, based on the results of CDS, this study postulates that the most efficient firm is ACSM (Aeon Credit Service (M) Bhd) and the least efficient firm is MAY (Malayan Banking Bhd).","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68535814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigates impacts of migration through remittances on poverty reduction in Vietnam by using the two most recent Vietnam Household Living Standard Surveys in 2014 and 2016. Results of a fixed-effect logit and a fractional logit model show that although both internal remittances and international remittances increase per capita income only internal remittances have positive impacts on poverty incidence and poverty intensity. In addition, by testing impacts of remittances on pushing a household jump above the poverty line and its effects on the depth of poverty, this study has revealed poverty reduction effect of remittances more fully. Based on the findings the study suggests that it is important to acknowledge the benefits of internal migration. For the purpose of poverty alleviation, policies that attract remittances should be given greater attention.
{"title":"Impacts of migration on poverty reduction in Vietnam: A household level study","authors":"Q. Le, Thi Thu Hien Nguyen","doi":"10.22004/AG.ECON.301147","DOIUrl":"https://doi.org/10.22004/AG.ECON.301147","url":null,"abstract":"This study investigates impacts of migration through remittances on poverty reduction in Vietnam by using the two most recent Vietnam Household Living Standard Surveys in 2014 and 2016. Results of a fixed-effect logit and a fractional logit model show that although both internal remittances and international remittances increase per capita income only internal remittances have positive impacts on poverty incidence and poverty intensity. In addition, by testing impacts of remittances on pushing a household jump above the poverty line and its effects on the depth of poverty, this study has revealed poverty reduction effect of remittances more fully. Based on the findings the study suggests that it is important to acknowledge the benefits of internal migration. For the purpose of poverty alleviation, policies that attract remittances should be given greater attention.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68537329","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}
O. Habtoor, Waddah Kamal Hassan, Khaled Salmen Aljaaidi
Understanding the role of corporate ownership structure on corporate disclosure allows an assessment of its current effectiveness and opportunities for potential improvements. Prior research on the determinants of corporate risk disclosure (CRD) has basically focused on firm-specific characteristics and corporate governance characteristics and has largely ignored the potential role of ownership structure on CRD. To the best of the authors’ knowledge, there is no study has yet extensively investigated the effect of ownership structure on the level of CRD in Saudi Arabia. This study examines the influence of different types of ownership on CRD in a developing country with high ownership concentration and unique institutional setting, namely the Kingdom of Saudi Arabia. The study uses panel data analysis of the annual reports of Saudi listed companies over a period of four years. The findings show a strong impact of ownership structure on CRD. However, the extent and direction of this influence depend on the type of ownership. Companies with higher royal ownership and government ownership disclose more risk-related information. By contrast, companies with higher family ownership and institutional ownership tend to disclose less risk-related information. However, executive directors’ ownership and non-executive directors’ ownership have no impact on CRD. The results suggest that not all controlling families have the same characteristics and motivations towards CRD practice. Overall, the results confirm the essential role of ownership structure to influence the agency conflicts through increase (decrease) CRD. The results of this study support the use of different theories to better explain the phenomenon of CRD. The study has important implications for policymakers, regulatory authorities, and practitioners in Saudi Arabia and developing countries to improve CRD practices and optimize ownership structure.
{"title":"The impact of corporate ownership structure on corporate risk disclosure: Evidence from the Kingdom of Saudi Arabia","authors":"O. Habtoor, Waddah Kamal Hassan, Khaled Salmen Aljaaidi","doi":"10.22004/AG.ECON.301151","DOIUrl":"https://doi.org/10.22004/AG.ECON.301151","url":null,"abstract":"Understanding the role of corporate ownership structure on corporate disclosure allows an assessment of its current effectiveness and opportunities for potential improvements. Prior research on the determinants of corporate risk disclosure (CRD) has basically focused on firm-specific characteristics and corporate governance characteristics and has largely ignored the potential role of ownership structure on CRD. To the best of the authors’ knowledge, there is no study has yet extensively investigated the effect of ownership structure on the level of CRD in Saudi Arabia. This study examines the influence of different types of ownership on CRD in a developing country with high ownership concentration and unique institutional setting, namely the Kingdom of Saudi Arabia. The study uses panel data analysis of the annual reports of Saudi listed companies over a period of four years. The findings show a strong impact of ownership structure on CRD. However, the extent and direction of this influence depend on the type of ownership. Companies with higher royal ownership and government ownership disclose more risk-related information. By contrast, companies with higher family ownership and institutional ownership tend to disclose less risk-related information. However, executive directors’ ownership and non-executive directors’ ownership have no impact on CRD. The results suggest that not all controlling families have the same characteristics and motivations towards CRD practice. Overall, the results confirm the essential role of ownership structure to influence the agency conflicts through increase (decrease) CRD. The results of this study support the use of different theories to better explain the phenomenon of CRD. The study has important implications for policymakers, regulatory authorities, and practitioners in Saudi Arabia and developing countries to improve CRD practices and optimize ownership structure.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68537666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research paper presents the empirical evidence on the relationship between the price of gold and stock price indices for the Gulf Cooperation Council (GCC) stock markets over the period beginning January 2010 and ending in December 2016 using Johansen Cointegration and VAR Based Granger Causality tests. The study is based on secondary data from GCC individual stock market. The international gold prices and six daily stock price indices; Bahrain Stock Exchange (BSE), Kuwait Stock Exchange (KSE), Qatar Stock Exchange (QSE), Saudi Stock Exchange (SSE), Muscat Securities Market (MSM), Dubai Stock Exchange (DSE) and Abu Dhabi Stock Exchange (ADSE) are used. Over the period examined, gold prices and stock price indices are co-integrated and there are multiple Granger Causality between the different GCC stock markets.
{"title":"Cointegration and causality between the GCC stock indices and gold indices","authors":"S. A. Kharusi, Eşref Savaş Başci","doi":"10.22004/AG.ECON.287249","DOIUrl":"https://doi.org/10.22004/AG.ECON.287249","url":null,"abstract":"This research paper presents the empirical evidence on the relationship between the price of gold and stock price indices for the Gulf Cooperation Council (GCC) stock markets over the period beginning January 2010 and ending in December 2016 using Johansen Cointegration and VAR Based Granger Causality tests. The study is based on secondary data from GCC individual stock market. The international gold prices and six daily stock price indices; Bahrain Stock Exchange (BSE), Kuwait Stock Exchange (KSE), Qatar Stock Exchange (QSE), Saudi Stock Exchange (SSE), Muscat Securities Market (MSM), Dubai Stock Exchange (DSE) and Abu Dhabi Stock Exchange (ADSE) are used. Over the period examined, gold prices and stock price indices are co-integrated and there are multiple Granger Causality between the different GCC stock markets.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68535694","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}
B. Eneizan, Ali Matar, Abdelghafour Al-Zawahreh, Abdelbaset M. Alkhawaldeh, Odai Eneizan
The present study follows two main theories - stakeholder and resource-based view - in order to understand the relationships of green marketing strategy and firm performance, and evaluate the moderating role of government policy in this interconnection. The paper aims to explore effects of green marketing mix strategy to overall performance and financial performance of firms using the case of car dealers in Jordan. To meet this aim, the present research collects data from 386 green car dealers in Jordan. The study performed structural equation modelling (SEM). The research has found that the effects of size, education, experience, product, distribution, physical evidence, process on the firm overall performance and the effects of age, product, and promotion on the firm financial performance are significant and positive. The analysis has found that government policy has a moderating effect on the influence of education and green marketing strategy on the firm overall performance.
{"title":"Effects of green marketing strategy on firm financial performance. The moderating role of government policy","authors":"B. Eneizan, Ali Matar, Abdelghafour Al-Zawahreh, Abdelbaset M. Alkhawaldeh, Odai Eneizan","doi":"10.22004/AG.ECON.301150","DOIUrl":"https://doi.org/10.22004/AG.ECON.301150","url":null,"abstract":"The present study follows two main theories - stakeholder and resource-based view - in order to understand the relationships of green marketing strategy and firm performance, and evaluate the moderating role of government policy in this interconnection. The paper aims to explore effects of green marketing mix strategy to overall performance and financial performance of firms using the case of car dealers in Jordan. To meet this aim, the present research collects data from 386 green car dealers in Jordan. The study performed structural equation modelling (SEM). The research has found that the effects of size, education, experience, product, distribution, physical evidence, process on the firm overall performance and the effects of age, product, and promotion on the firm financial performance are significant and positive. The analysis has found that government policy has a moderating effect on the influence of education and green marketing strategy on the firm overall performance.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68537123","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 aim is to identify differences in spillovers between regions within the economy of the Czech Republic. Based on the choice of spillover effect determinants and a shift-share analysis, a regional spillovers indicator has been constructed. It was discovered the differences in the sizes of spillovers between the regions are increasing over time, which indicates deepening economic disparities. The main contribution is the constructed indicator identifying the different effects of FDI in different regions in order to better identify the strengths and weaknesses of the regions and better model economic policies to set up more effective support for the FDI inflows.
{"title":"Regional disparities in the spillover effect","authors":"Sylvie Kotíková","doi":"10.15208/BEH.2018.67","DOIUrl":"https://doi.org/10.15208/BEH.2018.67","url":null,"abstract":"The aim is to identify differences in spillovers between regions within the economy of the Czech Republic. Based on the choice of spillover effect determinants and a shift-share analysis, a regional spillovers indicator has been constructed. It was discovered the differences in the sizes of spillovers between the regions are increasing over time, which indicates deepening economic disparities. The main contribution is the constructed indicator identifying the different effects of FDI in different regions in order to better identify the strengths and weaknesses of the regions and better model economic policies to set up more effective support for the FDI inflows.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46004671","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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