Pub Date : 2023-02-28DOI: 10.5755/j01.ee.34.1.32161
Yunqian Zhang
Environmental sustainability is an obligatory practice to conserve natural resource and safeguard eco system at present and in the future. Thereby, it is worthy to evaluate the association of energy transition and eco-innovation with environmental sustainability. The present study investigates the impact of energy transition (renewable energy output (REO) and renewable energy consumption (REC), eco-innovation, research and development (R&D) expenditures, technology exports, and industrialization on environmental sustainability (Carbon dioxide (CO2) emissions) in ten most populated countries in Asia. The data for this study collected from OECD and WDI covering the time frame 2006-2020. The study opted two methods to develop the comprehensive empirical analysis; CUP-FM and CUP-BC. Findings revealed that REO and REC, eco-innovation, R&D expenditures, and technology exports are positively associated with CO2 emissions. The findings also revealed that industrialization positively and significantly affects CO2 emissions. This study guides the policymakers that they should establish the policies related to the environmental instability by enhancing the REO and innovation adoption.
{"title":"The Impact of Energy Transition and Eco-Innovation on Environmental Sustainability: A Solution for Sustainable Cities and Communities of Top Ten Asian Countries","authors":"Yunqian Zhang","doi":"10.5755/j01.ee.34.1.32161","DOIUrl":"https://doi.org/10.5755/j01.ee.34.1.32161","url":null,"abstract":"Environmental sustainability is an obligatory practice to conserve natural resource and safeguard eco system at present and in the future. Thereby, it is worthy to evaluate the association of energy transition and eco-innovation with environmental sustainability. The present study investigates the impact of energy transition (renewable energy output (REO) and renewable energy consumption (REC), eco-innovation, research and development (R&D) expenditures, technology exports, and industrialization on environmental sustainability (Carbon dioxide (CO2) emissions) in ten most populated countries in Asia. The data for this study collected from OECD and WDI covering the time frame 2006-2020. The study opted two methods to develop the comprehensive empirical analysis; CUP-FM and CUP-BC. Findings revealed that REO and REC, eco-innovation, R&D expenditures, and technology exports are positively associated with CO2 emissions. The findings also revealed that industrialization positively and significantly affects CO2 emissions. This study guides the policymakers that they should establish the policies related to the environmental instability by enhancing the REO and innovation adoption.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90112550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-28DOI: 10.5755/j01.ee.34.1.32158
Li Li
In recent times, natural resources have been receiving greater acknowledgment from economies as it greatly offers a compensation for energy requirements. Solar energy appears to be a strong indicator to improve quality of air by reducing CO2 emissions, which has been neglected by the available literature. Therefore, the study considers exploring the dynamic role of solar energy in CO2 emissions and economic growth in a sample of the US. We applied the QARDL approach and covered the period ranging from 1990 to 2019. Our findings showcased that solar energy mitigates CO2 emissions by increasing economic growth in different quantiles in the USA. Solar energy use is increasing economic growth at higher quantiles in the USA. Eco innovations are also contributing to economic growth by reducing CO2 emissions in different quantiles. Bidirectional quantile causality was found between the constructs. This study suggested the usage of solar energy and eco-innovations in the sustainable growth pattern of the country.
{"title":"The Impact of Eco-Innovation and Clean Energy on Sustainable Development: Evidence from USA","authors":"Li Li","doi":"10.5755/j01.ee.34.1.32158","DOIUrl":"https://doi.org/10.5755/j01.ee.34.1.32158","url":null,"abstract":"In recent times, natural resources have been receiving greater acknowledgment from economies as it greatly offers a compensation for energy requirements. Solar energy appears to be a strong indicator to improve quality of air by reducing CO2 emissions, which has been neglected by the available literature. Therefore, the study considers exploring the dynamic role of solar energy in CO2 emissions and economic growth in a sample of the US. We applied the QARDL approach and covered the period ranging from 1990 to 2019. Our findings showcased that solar energy mitigates CO2 emissions by increasing economic growth in different quantiles in the USA. Solar energy use is increasing economic growth at higher quantiles in the USA. Eco innovations are also contributing to economic growth by reducing CO2 emissions in different quantiles. Bidirectional quantile causality was found between the constructs. This study suggested the usage of solar energy and eco-innovations in the sustainable growth pattern of the country.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83603717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-28DOI: 10.5755/j01.ee.34.1.32833
Wengsheng Chen
The commitment of China toward sustainability has increased in recent times. The study aimed to evaluate the effect of eco-innovation on sustainable business performance within the educational sector of China. The study developed a framework that focused on management concerns, environmental commitment, eco-innovation, and management environment concerns regarding the sustainable business performance of educational institutes in China. The study adopted a quantitative methodology and used questionnaires for the collection of data from the educational sector. The survey collected 350 questionnaires from employees within the China educational sector which were analyzed using SPSS and AMOS. The study has used confirmatory factor analysis and structural equation modeling for data analysis. The results indicated that there was a positive impact on stakeholder and management concerns for the development of sustainability of educational institutions. The results also suggested that mediation of eco-innovation was significant for the management of environmental concerns and environmental commitment. The findings of this study present implications for the educational sector of China.
{"title":"Sustainable Performance of China’s Education Sector through the Adoption of Eco-Innovation","authors":"Wengsheng Chen","doi":"10.5755/j01.ee.34.1.32833","DOIUrl":"https://doi.org/10.5755/j01.ee.34.1.32833","url":null,"abstract":"The commitment of China toward sustainability has increased in recent times. The study aimed to evaluate the effect of eco-innovation on sustainable business performance within the educational sector of China. The study developed a framework that focused on management concerns, environmental commitment, eco-innovation, and management environment concerns regarding the sustainable business performance of educational institutes in China. The study adopted a quantitative methodology and used questionnaires for the collection of data from the educational sector. The survey collected 350 questionnaires from employees within the China educational sector which were analyzed using SPSS and AMOS. The study has used confirmatory factor analysis and structural equation modeling for data analysis. The results indicated that there was a positive impact on stakeholder and management concerns for the development of sustainability of educational institutions. The results also suggested that mediation of eco-innovation was significant for the management of environmental concerns and environmental commitment. The findings of this study present implications for the educational sector of China.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75102569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-28DOI: 10.5755/j01.ee.34.1.32836
Lanzhen Zhu, Xin Wang
The development of green dynamic capabilities in the educational sector of China is playing a great role for the institutes by offering green opportunities to teachers and students through which they can get inspired to accept the ecological administration to supplement the green reputation of the institute and thus gain a competitive advantage. The present study thus has been conducted to evaluate the effect of green dynamic capabilities, innovative finance and green innovation strategy on green innovation with the mediating role of green value co-creation. To further carry out the research, a quantitative-based survey methodology has been used to collect data from 350 China’s teachers who were teaching in various universities. The received complete questionnaires were 330 that were later analyzed using SPSS and AMOS. Results indicated that there is a significant relationship between GDC and GI. Innovative finance also significantly impacts green innovation. The green innovation strategy also significantly impacts green innovation. Mediation of green value co-creation was significant between GDC and GI, IF and GI and GIS and GI. In addition to a valuable enhancement in the growing body of literature, this study contributes by assisting the education sector to adopt such practices as defined in the paper. It may also contribute to helping the policymakers to develop policies that are related to green innovation. Furthermore, the paper explores the green financial aspect for organizations. So, this study has multiple theoretical and practical contributions.
{"title":"Green Innovation in Educational Institutes of China: Mediating Role of Green Value Co-Creation","authors":"Lanzhen Zhu, Xin Wang","doi":"10.5755/j01.ee.34.1.32836","DOIUrl":"https://doi.org/10.5755/j01.ee.34.1.32836","url":null,"abstract":"The development of green dynamic capabilities in the educational sector of China is playing a great role for the institutes by offering green opportunities to teachers and students through which they can get inspired to accept the ecological administration to supplement the green reputation of the institute and thus gain a competitive advantage. The present study thus has been conducted to evaluate the effect of green dynamic capabilities, innovative finance and green innovation strategy on green innovation with the mediating role of green value co-creation. To further carry out the research, a quantitative-based survey methodology has been used to collect data from 350 China’s teachers who were teaching in various universities. The received complete questionnaires were 330 that were later analyzed using SPSS and AMOS. Results indicated that there is a significant relationship between GDC and GI. Innovative finance also significantly impacts green innovation. The green innovation strategy also significantly impacts green innovation. Mediation of green value co-creation was significant between GDC and GI, IF and GI and GIS and GI. In addition to a valuable enhancement in the growing body of literature, this study contributes by assisting the education sector to adopt such practices as defined in the paper. It may also contribute to helping the policymakers to develop policies that are related to green innovation. Furthermore, the paper explores the green financial aspect for organizations. So, this study has multiple theoretical and practical contributions.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77642434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.29785
Qi Wang
Increasing the efficiency of a company and its financial stability involves reducing costs, including reducing the amount of taxes paid. One of the legal methods of the latter is tax planning. The study aims to demonstrate the dependence of tax planning on financial stability indicators of an enterprise. The study found that the net income indicator is a statistically significant regressor of financial stability indicators - return on net assets and return on equity. The assumption of statistical significance of income tax as a regressor of return on assets, return on net assets, and return on equity was also confirmed. Modelling the use of tax planning has shown that it has a positive and statistically significant impact on financial stability. The study results showed that reducing the income tax to zero increases the profitability of net assets and return on equity. Depending on the income tax rate, pre-tax income, value of assets, equity, and reserves, the effect of tax planning may increase. The methodological limitation of the study consists in the set of financial stability indicators, which are analyzed in the context of profitability. The focus on profitability, which in the study is the core of the proposed tools, is because its high level provides long-term competitive advantages of a company and the formation of its own financial reserves for technical re-equipment, modernization, and technological development. All this ensures a company's attractiveness for creditors and investors, stability, free disposal of financial resources, and permanent solvency, which enhances financial stability. The study considered income tax planning, for this reason the author chose indicators that depend on this tax. The study considers tax planning only for corporate income tax. The effect of tax planning was considered only in the absence of profit tax paid.
{"title":"Income Tax Planning as a Tool for Achieving Financial Stability","authors":"Qi Wang","doi":"10.5755/j01.ee.33.5.29785","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.29785","url":null,"abstract":"Increasing the efficiency of a company and its financial stability involves reducing costs, including reducing the amount of taxes paid. One of the legal methods of the latter is tax planning. The study aims to demonstrate the dependence of tax planning on financial stability indicators of an enterprise. The study found that the net income indicator is a statistically significant regressor of financial stability indicators - return on net assets and return on equity. The assumption of statistical significance of income tax as a regressor of return on assets, return on net assets, and return on equity was also confirmed. Modelling the use of tax planning has shown that it has a positive and statistically significant impact on financial stability. The study results showed that reducing the income tax to zero increases the profitability of net assets and return on equity. Depending on the income tax rate, pre-tax income, value of assets, equity, and reserves, the effect of tax planning may increase. The methodological limitation of the study consists in the set of financial stability indicators, which are analyzed in the context of profitability. The focus on profitability, which in the study is the core of the proposed tools, is because its high level provides long-term competitive advantages of a company and the formation of its own financial reserves for technical re-equipment, modernization, and technological development. All this ensures a company's attractiveness for creditors and investors, stability, free disposal of financial resources, and permanent solvency, which enhances financial stability. The study considered income tax planning, for this reason the author chose indicators that depend on this tax. The study considers tax planning only for corporate income tax. The effect of tax planning was considered only in the absence of profit tax paid.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90821757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.21694
Indrė Brazauskaitė, V. Auruškevičienė, Rima Jurate Gerbutaviciene
The paper explores the link between new product innovativeness and performance, as well as its moderation by commercial environment in retail. It analyzes the linkage and context built on marketplace, company’s characteristics and retail category management decisions as an integral commercial environment. The research employs a unique data set - new product introductions with their actual sales results as a performance indicator. The research concludes that the innovativeness – performance link cannot be evaluated unilaterally, confirming the role of the commercial environment as a moderator of the link. The commercial environment is associated with a favorable and non-favorable economic climate that leads to performance-related opportunities or barriers in the marketplace for product innovations. Findings add value to the theoretical development of innovativeness-performance linkage studies, and also are valid pratically. It provides practical guidance to the integral understanding of commercial environment to which companies might be able to adapt during the new product launch.
{"title":"An Examination of New Product Innovativeness and Performance: The Moderating role of Commercial Environment","authors":"Indrė Brazauskaitė, V. Auruškevičienė, Rima Jurate Gerbutaviciene","doi":"10.5755/j01.ee.33.5.21694","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.21694","url":null,"abstract":"The paper explores the link between new product innovativeness and performance, as well as its moderation by commercial environment in retail. It analyzes the linkage and context built on marketplace, company’s characteristics and retail category management decisions as an integral commercial environment. The research employs a unique data set - new product introductions with their actual sales results as a performance indicator. The research concludes that the innovativeness – performance link cannot be evaluated unilaterally, confirming the role of the commercial environment as a moderator of the link. The commercial environment is associated with a favorable and non-favorable economic climate that leads to performance-related opportunities or barriers in the marketplace for product innovations. Findings add value to the theoretical development of innovativeness-performance linkage studies, and also are valid pratically. It provides practical guidance to the integral understanding of commercial environment to which companies might be able to adapt during the new product launch.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88751369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.30672
Valentin Burca, A. Popa, D. Sahlian, D. Trasca, N. Bobitan
In the last decades, numerous financial scandals were reported, many related to earnings manipulation and fraud financial reporting. Analytical models were designed and estimation techniques were improved. However, current design of those models suffers from some limitations. The objective of our study is to bring improvements to the analytical models of detection of potential fraudulent financial reporting practices. Therefore, we separately evaluate the impact of real activities earnings management and innate accruals component on the probability of potential fraudulent financial reporting. The empirical analysis is made on a sample of firms with headquarters in G7 countries and the research methodology consists of time series analysis. The results show that, on a long term, the F score is negatively affected by real earnings management activities. Instead, the innate component of accruals seems to reverse over time, having no significant impact in the long run on the probability of fraudulent financial reporting.
{"title":"Modelling the Impact of Earnings Management on the Probability of Financial Statements Fraud","authors":"Valentin Burca, A. Popa, D. Sahlian, D. Trasca, N. Bobitan","doi":"10.5755/j01.ee.33.5.30672","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.30672","url":null,"abstract":"In the last decades, numerous financial scandals were reported, many related to earnings manipulation and fraud financial reporting. Analytical models were designed and estimation techniques were improved. However, current design of those models suffers from some limitations. The objective of our study is to bring improvements to the analytical models of detection of potential fraudulent financial reporting practices. Therefore, we separately evaluate the impact of real activities earnings management and innate accruals component on the probability of potential fraudulent financial reporting. The empirical analysis is made on a sample of firms with headquarters in G7 countries and the research methodology consists of time series analysis. The results show that, on a long term, the F score is negatively affected by real earnings management activities. Instead, the innate component of accruals seems to reverse over time, having no significant impact in the long run on the probability of fraudulent financial reporting.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77728141","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.31399
Jingyu Yang, Ren-huai Liu
Military-civilian integration is an effective way to promote the development of defence engineering, but existing studies have not given a clear answer whether the participation of private enterprises in military business is conducive to promoting technological innovation of enterprises. In this study, A-shared listed companies in China from 2001 to 2018 were sampled, and the influence of their participation in military business on technological innovation was investigated using a multi-period difference-in-difference (DID) method. Results show that: (1) by joining the military business, private enterprises can significantly strengthen their R&D inputs and substantive innovation, thus promoting their technological innovation. (2) The participation of enterprises in military business acts upon substantive innovation outputs and further affects their technological innovation through R&D input intensity. (3) Participation in military business exerts a stronger positive promoting effect on enterprises in regions with a high marketization level than in regions with a low marketization degree. By joining the military business, SMEs are driven to enlarge their R&D inputs, while large enterprises can enhance their innovation outputs. The policy implications of the obtained conclusions indicate that it requires to be strengthened for private enterprises participating in military business to help reduce their technological innovation risks and improve the construction level of defence engineering projects.
{"title":"Can Private Enterprises Improve Their Technological Innovation by Joining the Military Business? Evidence from China","authors":"Jingyu Yang, Ren-huai Liu","doi":"10.5755/j01.ee.33.5.31399","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.31399","url":null,"abstract":"Military-civilian integration is an effective way to promote the development of defence engineering, but existing studies have not given a clear answer whether the participation of private enterprises in military business is conducive to promoting technological innovation of enterprises. In this study, A-shared listed companies in China from 2001 to 2018 were sampled, and the influence of their participation in military business on technological innovation was investigated using a multi-period difference-in-difference (DID) method. Results show that: (1) by joining the military business, private enterprises can significantly strengthen their R&D inputs and substantive innovation, thus promoting their technological innovation. (2) The participation of enterprises in military business acts upon substantive innovation outputs and further affects their technological innovation through R&D input intensity. (3) Participation in military business exerts a stronger positive promoting effect on enterprises in regions with a high marketization level than in regions with a low marketization degree. By joining the military business, SMEs are driven to enlarge their R&D inputs, while large enterprises can enhance their innovation outputs. The policy implications of the obtained conclusions indicate that it requires to be strengthened for private enterprises participating in military business to help reduce their technological innovation risks and improve the construction level of defence engineering projects.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82924073","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.29895
Chunling Li, Nosherwan Khaliq, J. Popp, Leslie Chinove, Usama Khaliq, J. Oláh
Cryptocurrencies, such as Bitcoin, allow creative and quick transactions without tangible assets and online payments and, thus, they can be used in potential economic system revolutions. In Pakistan, a lesser number of people are using Bitcoin. It will be crucial to look at the Pakistani people's intentions to rebuy Bitcoin. Smart PLS 3 was used to evaluate the empirical data. It is found that expectations positively affect perceived enjoyment and ease of use, and there is a relationship between perceived enjoyment and perceived ease of use, whereas perceived enjoyment, expectations, and perceived ease of use influence satisfaction. Furthermore, satisfaction, perceived ease of use, perceived enjoyment, and trust substantially impact Bitcoin rebuy intentions. Social influence and experience are found to have an impact on trust. This is the first project to look at factors affecting intentions toward the rebuy of Bitcoin in Pakistan; thus, we proposed a unique model.
{"title":"Empirical Research on Intention to Rebuy Cryptocurrencies such as Bitcoin","authors":"Chunling Li, Nosherwan Khaliq, J. Popp, Leslie Chinove, Usama Khaliq, J. Oláh","doi":"10.5755/j01.ee.33.5.29895","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.29895","url":null,"abstract":"Cryptocurrencies, such as Bitcoin, allow creative and quick transactions without tangible assets and online payments and, thus, they can be used in potential economic system revolutions. In Pakistan, a lesser number of people are using Bitcoin. It will be crucial to look at the Pakistani people's intentions to rebuy Bitcoin. Smart PLS 3 was used to evaluate the empirical data. It is found that expectations positively affect perceived enjoyment and ease of use, and there is a relationship between perceived enjoyment and perceived ease of use, whereas perceived enjoyment, expectations, and perceived ease of use influence satisfaction. Furthermore, satisfaction, perceived ease of use, perceived enjoyment, and trust substantially impact Bitcoin rebuy intentions. Social influence and experience are found to have an impact on trust. This is the first project to look at factors affecting intentions toward the rebuy of Bitcoin in Pakistan; thus, we proposed a unique model.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79396466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.28183
Rasa Norvaišienė, Jurgita Stankevičienė
The purpose of this study is to analyze and compare the trends in the expression of the month effect in the Nasdaq Baltic and Nasdaq Nordic stock markets, as well as to examine whether the seasonal stock price fluctuations occur in all industrial sectors of these markets or are specific to certain sectors only. The OMX Baltic Benchmark, OMX Baltic, and OMX Nordic 40 indexes, which reflect the situation in the Baltic and Nordic stock markets, were used in the study to assess seasonality at the market level. To assess the seasonality in separate sectors of the Baltic and Nordic markets, we used sectoral indexes calculated in these markets. The data sample covers the period from January 2, 2004 through December 31, 2019. The methodology of the research used to examine seasonality in daily returns entails estimating a regression with dummies and GARCH (1,1) to capture month effects. Although the results of OLS and GARCH (1,1) analysis were quite different, they proved the existence of the month effect in both the Baltic and Nordic stock markets. The results of the analysis of seasonal fluctuations in stock prices at sector-level evidenced that month effects appear both in Baltic market and Nordic market, which allows earning abnormal returns in particular months for those who invested in stock of certain sectors. Our research has evidenced that trends in the volatility of stock prices in separate months in the Baltic countries are not stable and are characterized by greater instability as compared to the Nordic countries.
{"title":"The Month Effect in the Baltic and Nordic Stock Markets at Market-Level and Sector-Level","authors":"Rasa Norvaišienė, Jurgita Stankevičienė","doi":"10.5755/j01.ee.33.5.28183","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.28183","url":null,"abstract":"The purpose of this study is to analyze and compare the trends in the expression of the month effect in the Nasdaq Baltic and Nasdaq Nordic stock markets, as well as to examine whether the seasonal stock price fluctuations occur in all industrial sectors of these markets or are specific to certain sectors only. The OMX Baltic Benchmark, OMX Baltic, and OMX Nordic 40 indexes, which reflect the situation in the Baltic and Nordic stock markets, were used in the study to assess seasonality at the market level. To assess the seasonality in separate sectors of the Baltic and Nordic markets, we used sectoral indexes calculated in these markets. The data sample covers the period from January 2, 2004 through December 31, 2019. The methodology of the research used to examine seasonality in daily returns entails estimating a regression with dummies and GARCH (1,1) to capture month effects. Although the results of OLS and GARCH (1,1) analysis were quite different, they proved the existence of the month effect in both the Baltic and Nordic stock markets. The results of the analysis of seasonal fluctuations in stock prices at sector-level evidenced that month effects appear both in Baltic market and Nordic market, which allows earning abnormal returns in particular months for those who invested in stock of certain sectors. Our research has evidenced that trends in the volatility of stock prices in separate months in the Baltic countries are not stable and are characterized by greater instability as compared to the Nordic countries.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80666507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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