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Unveiling investment behavior: through emotional intelligence, social stigma, financial literacy and risk tolerance 揭示投资行为:通过情商、社会污名、金融知识和风险承受能力
IF 1.9 Q2 ECONOMICS Pub Date : 2024-04-22 DOI: 10.1108/ijse-08-2023-0626
Pooja Chaturvedi Sharma
<h3>Purpose</h3><p>This study examines the effects of financial literacy and financial risk tolerance on investor behavior by introducing social stigma as a mediator and emotional intelligence as a moderating factor.</p><!--/ Abstract__block --><h3>Design/methodology/approach</h3><p>Data is collected from 761 financially independent individual investors, with a minimum age of 25 years, a minimum of five years of stock market experience and residing in five selected major Indian cities. The collected data is subsequently analyzed using SmartPLS. Homogeneous purposive sampling followed by snowball sampling was employed.</p><!--/ Abstract__block --><h3>Findings</h3><p>The findings of the study demonstrate a strong and noteworthy impact of financial literacy on investor behavior. The research reveals that social stigma acts as a partial mediator and emotional intelligence plays a significant moderator with direct effects and indirect effects between financial literacy, financial risk tolerance, social stigma and investor behavior.</p><!--/ Abstract__block --><h3>Research limitations/implications</h3><p>Exploring emotional intelligence in financial decisions enriches academic programs by integrating it into financial education. Collaboration between academia and financial institutions yields practical tools, infusing emotional intelligence into services. This prompts systemic shifts, reshaping education and societal discourse, fostering inclusive, emotionally intelligent financial landscapes, aiming to redefine both academic teachings and real-world financial practices.</p><!--/ Abstract__block --><h3>Practical implications</h3><p>Integrating emotional intelligence into government-led financial literacy programs can transform societal perspectives on financial decision-making. Customized services, destigmatizing workshops and collaborative efforts with academia foster an emotionally intelligent financial landscape, reshaping traditional paradigms.</p><!--/ Abstract__block --><h3>Social implications</h3><p>Promoting open societal discussions about finances combats stigma, fostering a supportive space for risk-taking. Emphasizing emotional intelligence in awareness campaigns cultivates inclusivity and confidence. Normalizing financial talks empowers individuals, enhancing their well-being. Elevating both financial literacy and emotional intelligence enhances overall financial health, nurturing a community adept at navigating financial journeys.</p><!--/ Abstract__block --><h3>Originality/value</h3><p>This study marks a notable contribution to behavioral finance and social stigma theory by examining their intersection with emotional intelligence. It uniquely introduces social stigma as a mediator and emotional intelligence as a moderator, unexplored in this context. This novelty underscores the research’s significance, offering practical insights into financial well-being.</p><!--/ Abstract__block --><h3>Peer review</h3><p>The peer review
目的 本研究通过引入社会污名作为中介因素和情商作为调节因素,探讨金融知识和金融风险承受能力对投资者行为的影响。随后使用 SmartPLS 对收集到的数据进行分析。研究结果研究结果表明,金融知识对投资者的行为有显著的影响。研究局限性/启示探索金融决策中的情商,将其融入金融教育,从而丰富学术项目。学术界与金融机构之间的合作产生了实用的工具,将情商渗透到服务中。这将促使系统性转变,重塑教育和社会话语,培养包容性的、具有情商的金融景观,旨在重新定义学术教义和现实世界的金融实践。实践意义将情商纳入政府主导的金融扫盲项目,可以改变社会对金融决策的看法。量身定制的服务、消除污名化的研讨会以及与学术界的合作,都能促进情商金融的发展,重塑传统范式。社会意义促进社会公开讨论金融问题,消除污名化,为承担风险创造有利条件。在宣传活动中强调情商,可以培养包容性和自信心。将财务谈话正常化可增强个人能力,提高他们的幸福感。同时提升金融知识和情商可增强整体金融健康,培养善于驾驭金融之旅的群体。 原创性/价值 本研究通过考察行为金融和社会污名理论与情商的交叉点,为行为金融和社会污名理论做出了显著贡献。它独特地将社会污名作为中介,将情商作为调节因素,这在相关研究中尚属首次。这种新颖性凸显了研究的意义,为财务福祉提供了实用的见解。同行评议本文的同行评议历史见:https://publons.com/publon/10.1108/IJSE-08-2023-0626。
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引用次数: 0
The role of foreign aid in the nexus between capital flight and unemployment in sub-Saharan Africa 外国援助在撒哈拉以南非洲资本外逃与失业之间关系中的作用
IF 1.9 Q2 ECONOMICS Pub Date : 2024-04-19 DOI: 10.1108/ijse-05-2023-0368
Simplice Asongu, Nicholas M. Odhiambo

Purpose

This study assesses the relevance of foreign aid to the incidence of capital flight and unemployment in 20 countries in sub-Saharan Africa.

Design/methodology/approach

The study is for the period 1996–2018, and the empirical evidence is based on interactive quantile regressions in order to assess the nexuses throughout the conditional distribution of the unemployment outcome variable.

Findings

From the findings, capital flight has a positive unconditional incidence on unemployment, while foreign aid dampens the underlying positive unconditional nexus. Moreover, in order for the positive incidence of capital flight to be completely dampened, foreign aid thresholds of 2.230 and 3.964 (% of GDP) are needed at the 10th and 25th quantiles, respectively, of the conditional distribution of unemployment. It follows that the relevance of foreign aid in crowding out the unfavourable incidence of capital flight on unemployment is significantly apparent only in the lowest quantiles or countries with below-median levels of unemployment. The policy implications are discussed.

Originality/value

The study complements the extant literature by assessing the importance of development assistance in how capital flight affects unemployment in sub-Saharan Africa.

本研究评估了外国援助与撒哈拉以南非洲 20 个国家的资本外逃和失业率的相关性。本研究的时间跨度为 1996-2018 年,经验证据基于交互式量化回归,以评估失业率结果变量整个条件分布的关系。此外,为了完全抑制资本外逃的正向影响,在失业率的条件分布中,第 10 个和第 25 个量级的外援阈值分别为 2.230 和 3.964(占国内生产总值的百分比)。由此可见,外援在挤出资本外逃对失业率的不利影响方面的作用,只有在最低量化值或失业率低于中位数水平的国家才非常明显。本研究通过评估发展援助在资本外逃如何影响撒哈拉以南非洲失业率方面的重要性,对现有文献进行了补充。
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引用次数: 0
The impact of artificial intelligence on unemployment: a review 人工智能对失业的影响:综述
IF 1.9 Q2 ECONOMICS Pub Date : 2024-04-15 DOI: 10.1108/ijse-05-2023-0338
Gianluca Piero Maria Virgilio, Fausto Saavedra Hoyos, Carol Beatriz Bao Ratzemberg

Purpose

The aim of this paper is to summarise the state-of-the-art debate on impact of artificial intelligence on unemployment and reporting up-to-date academic findings.

Design/methodology/approach

The paper is designed as a review of the labour vs capital conundrum, the differences between industrial automation and artificial intelligence, threat to employment, the difficulty of substituting, role of soft skills and whether technology leads to the deskilling of human workers or favors increasing human capabilities.

Findings

Some authors praise the bright future developments of artificial intelligence while others warn about mass unemployment. Therefore, it is paramount to present an up-to-date overview of the problem, compare and contrast its features with what happened in past innovation waves and contribute to academic discussion about the pros/cons of current trends.

Originality/value

The main value of this paper is presenting a balanced view of 100+ different studies, the vast majority from the last five years. Reading this paper will allow to quickly grasp the main issues around the thorny topic of artificial intelligence and unemployment.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0338

本文旨在总结关于人工智能对失业影响的最新讨论,并报告最新的学术研究结果。本文旨在回顾劳动力与资本的难题、工业自动化与人工智能的区别、对就业的威胁、替代的难度、软技能的作用,以及技术是导致人类工人被淘汰还是有利于提高人类能力。因此,最重要的是对这一问题进行最新概述,将其特点与过去的创新浪潮进行比较和对比,并对当前趋势的利弊进行学术讨论。原创性/价值本文的主要价值在于对 100 多项不同的研究(绝大多数来自过去五年)进行了均衡的分析。阅读本文将有助于快速掌握围绕人工智能与失业这一棘手话题的主要问题。同行评审本文的同行评审历史见:https://publons.com/publon/10.1108/IJSE-05-2023-0338。
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引用次数: 0
Does my school teach me entrepreneurship? School entrepreneurship curriculum and students’ entrepreneurial intention: a serial mediation-moderation analysis 我的学校教我创业吗?学校创业课程与学生的创业意向:序列中介-调节分析
IF 1.9 Q2 ECONOMICS Pub Date : 2024-04-05 DOI: 10.1108/ijse-05-2023-0350
Jayesh Patel, Sanjay Vannai, Vikrant Dasani, Mahendra Sharma

Purpose

In order to achieve a sustained level of entrepreneurship in India, it is very important that the spirit and culture of entrepreneurship are ingrained in students, right at the “school” level. Specifically, in this study we examine how student entrepreneurial behavior is influenced by entrepreneurial activities at school.

Design/methodology/approach

We chose schools in India to recruit the students’ samples; 520 higher secondary school students were approached in-person to understand their entrepreneurial intentions (EI). We applied PLS-SEM to test the relationships of serial mediation.

Findings

Our findings imply that the students' entrepreneurial intentions are largely influenced by the school’s entrepreneurship program (e.g. labs, lectures and exercises). Further, we noted that school career guidance and students’ entrepreneurship attitude effectively mediate the relationship between school entrepreneurship curriculum and EI.

Practical implications

Entrepreneurship education beginning in schools does foster stronger entrepreneurial intent over the short-term. It also helps in fostering entrepreneurs, who create jobs and support in achieving the country’s desired SDGs.

Originality/value

The study contributes new dimensions to entrepreneurship research focusing on school children hence anchoring at early stages.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0350

目的要在印度实现持续的创业水平,就必须在 "学校 "层面向学生灌输创业精神和文化。具体而言,本研究探讨了学生的创业行为如何受到学校创业活动的影响。设计/方法/途径我们选择了印度的学校作为学生样本,并亲自接触了 520 名高中生,以了解他们的创业意向(EI)。研究结果我们的研究结果表明,学生的创业意向在很大程度上受到学校创业课程(如实验室、讲座和练习)的影响。此外,我们还注意到,学校的就业指导和学生的创业态度有效地调节了学校创业课程与创业意向之间的关系。原创性/价值本研究为以在校学生为重点的创业研究提供了新的视角,从而使创业教育立足于早期阶段。同行评议本文的同行评议记录可在以下网址查阅:https://publons.com/publon/10.1108/IJSE-05-2023-0350。
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引用次数: 0
Gender-based division of household labor: a study of selected districts of Bangladesh 基于性别的家庭劳动分工:对孟加拉国部分地区的研究
IF 1.9 Q2 ECONOMICS Pub Date : 2024-04-02 DOI: 10.1108/ijse-03-2023-0195
Sabiha Afrin, Md. Khaled Saifullah

Purpose

As women perform most household chores and other nonproductive work, gender-based division of labor in the home has now been identified as a barrier to gender equality. The objective of this study is to assess the effects of gender distribution of housework especially for women and investigate the factors influencing the total hours spent on house chores in Bangladesh.

Design/methodology/approach

This study adopted a quantitative approach based on survey data obtained from 200 households in the Madaripur and Gopalganj districts of Bangladesh. To analyze the obtained data, the partial least squares (PLS) regression was used.

Findings

According to this study, demographic and socioeconomic factors of women, and gender are influencing the total hours spent in housework. Women were observed to have a positive relationship with empowerment but a negative relationship with social perception. Social perception was further observed to have a significant impact on the total number of hours expended by women on house chores.

Practical implications

The study suggests that the importance of sharing the burden of household work be taught in schools and community-based awareness programs so that it becomes ingrained as a social and cultural practice. Furthermore, the government should conduct a proper assessment that recognizes unpaid housework by women as an important factor in inclusive sustainable development.

Originality/value

Issues of inequality in the division of labor in household activities are barely recognized in Bangladesh. Therefore, this study collected primary data to assess the effects of gender on the distribution of housework. The findings of the study will help policymakers and academicians to better understand the gender-based division of household labor.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2023-0195.

目的 由于妇女承担了大部分家务和其他非生产性工作,家庭中基于性别的分工现已被确认为 性别平等的一个障碍。本研究的目的是评估家务劳动性别分配的影响,尤其是对妇女的影响,并调查影响孟加拉国妇女在家务劳动上花费的总时数的因素。 本研究采用定量方法,基于从孟加拉国 Madaripur 和 Gopalganj 地区 200 个家庭获得的调查数据。研究结果根据本研究,妇女的人口和社会经济因素以及性别影响着家务劳动的总时数。据观察,妇女与赋权呈正相关,但与社会认知呈负相关。该研究建议,应在学校和社区宣传计划中讲授分担家务劳动的重要性,使其成为一种根深蒂固的社会和文化习俗。此外,政府应进行适当的评估,将妇女的无偿家务劳动视为包容性可持续发展的一个重要因素。因此,本研究收集了原始数据,以评估性别对家务分配的影响。研究结果将有助于政策制定者和学者更好地理解基于性别的家务劳动分工。同行评审本文的同行评审记录可在以下网址查阅:https://publons.com/publon/10.1108/IJSE-03-2023-0195。
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引用次数: 0
Dynamics of household welfare change and analysis of coping strategies during floods: an empirical investigation 洪灾期间家庭福利变化的动态和应对策略分析:实证调查
IF 1.9 Q2 ECONOMICS Pub Date : 2024-04-02 DOI: 10.1108/ijse-07-2023-0569
Sibananda Senapati

Purpose

This study aims to understand the socioeconomic impact of flood events on households, especially household welfare in terms of changes in consumption and coping strategies to deal with flood risk. This study is based on Bihar, one of the most frequently flood-affected, most populous and economically backward states in India.

Design/methodology/approach

Primary data were collected from 700 households in the seven most frequently flood-affected districts in Bihar. A total of 100 individuals from each district were randomly selected from flood-affected villages. Based on a detailed literature review, an econometric (probit) model was developed to test the null hypothesis of the availability of consumption insurance, and the multivariate probability approach was used to analyze the various coping strategies of these households.

Findings

The results of this study suggest that flood-affected households maintain their consumption by overcoming various losses, including income, house damage and livestock loss. Households depend on financial transfers, borrowings and relief, and migrate to overcome losses. Borrowing could be an extra burden as the government compensates for house damage and crop loss late to the affected households. Again, there is no compensation to overcome livelihood loss and deal with occurrences of post-flood diseases, which further emphasizes the policy implications of strengthening the health infrastructure in the state and generating alternative livelihood opportunities.

Originality/value

This study discusses flood risk in terms of changes in household welfare, identifies the most effective risk-coping capabilities of rural communities and contributes to the shortcomings of the government insurance and relief model.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-07-2023-0569

目的 本研究旨在了解洪水事件对家庭的社会经济影响,特别是在消费变化和应对洪水风险的策略方面对家庭福利的影响。比哈尔邦是印度受洪水影响最频繁、人口最多、经济最落后的邦之一。每个县从受洪水影响的村庄中随机抽取 100 人。在详细查阅文献的基础上,建立了一个计量经济学(probit)模型来检验是否存在消费保险的零假设,并使用多元概率方法来分析这些家庭的各种应对策略。研究结果本研究的结果表明,洪灾受灾家庭通过克服各种损失(包括收入、房屋损坏和牲畜损失)来维持消费。家庭依靠资金转移、借贷和救济以及迁移来克服损失。由于政府对受灾家庭的房屋损坏和农作物损失补偿较晚,借贷可能会成为额外负担。本研究从家庭福利变化的角度讨论了洪水风险,确定了农村社区最有效的风险应对能力,并指出了政府保险和救济模式的不足。
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引用次数: 0
Trends and population attributable risk estimates for individual and community-level factors of neonatal mortality in Pakistan (1990–2018) 巴基斯坦新生儿死亡率个人和社区因素的趋势和人口可归因风险估计值(1990-2018 年)
IF 1.9 Q2 ECONOMICS Pub Date : 2024-03-26 DOI: 10.1108/ijse-09-2022-0604
Asifa Kamal, Lubna Naz, Abeera Shakeel

Purpose

Pakistan ranks third globally in terms of newborn deaths occuring within the first 24 hours of life. With a neonatal mortality rate of 42.0%, it carries the highest burden compared to neighboring countries such as Bangladesh (17%), India (22.7%) and Afghanistan (37%). While there has been a decline in neonatal mortality rates in Pakistan, the pace of this decline is slower than that of other countries in the region. Hence, it is crucial to conduct a comprehensive examination of the risk factors contributing to neonatal mortality in Pakistan over an extended period. This study aims to analyze the trends and determinants of neonatal mortality in Pakistan over three decades, providing valuable insights into this persistent issue.

Design/methodology/approach

The study focused on neonatal mortality as the response variable, which is defined as the death of a live-born child within 28 days of birth. Neonates who passed away during this period were categorized as “cases,” while those who survived beyond a specific timeframe were referred to as “noncases.” To conduct a pooled analysis of neonatal mortality, birth records of 39,976 children born in the five years preceding the survey were extracted from four waves (1990–2018) of the Pakistan Demographic and Household Survey. The relationship between risk factors and the response variable was examined using the Cox Proportional Hazard Model. Neonatal mortality rates were calculated through the direct method using the “syncmrates” package in Stata 15.

Findings

During the extended period in Pakistan, several critical protective factors against neonatal mortality were identified, including a large family size, improved toilet facilities, middle-aged and educated mothers, female children, singleton live births, large size at birth and longer birth intervals. These factors were found to reduce the risk of neonatal mortality significantly.

Originality/value

This study makes the first attempt to analyze the trends and patterns of potential risk factors associated with neonatal mortality in Pakistan. By examining a large dataset spanning several years, the study provides valuable insights into the factors influencing neonatal mortality.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-09-2022-0604

目的 巴基斯坦的新生儿在出生后 24 小时内死亡人数在全球排名第三。与孟加拉国(17%)、印度(22.7%)和阿富汗(37%)等邻国相比,巴基斯坦的新生儿死亡率高达 42.0%,负担最重。虽然巴基斯坦的新生儿死亡率有所下降,但下降速度低于该地区的其他国家。因此,对造成巴基斯坦新生儿死亡的风险因素进行长期全面的研究至关重要。本研究旨在分析三十年来巴基斯坦新生儿死亡率的趋势和决定因素,从而对这一长期存在的问题提供有价值的见解。研究重点是将新生儿死亡率作为反应变量,其定义为活产婴儿在出生后 28 天内死亡。在此期间死亡的新生儿被归类为 "病例",而存活超过特定时限的新生儿被称为 "非病例"。为了对新生儿死亡率进行汇总分析,我们从巴基斯坦人口和家庭调查的四次波次(1990-2018 年)中提取了调查前五年内出生的 39976 名儿童的出生记录。风险因素与响应变量之间的关系采用 Cox 比例危险模型进行检验。研究结果在巴基斯坦的延长期内,确定了几个降低新生儿死亡率的关键保护因素,包括大家庭规模、厕所设施改善、中年和受过教育的母亲、女性儿童、单胎活产儿、出生时体型较大和较长的出生间隔。本研究首次尝试分析与巴基斯坦新生儿死亡相关的潜在风险因素的趋势和模式。通过研究跨度达数年的大型数据集,该研究为了解影响新生儿死亡率的因素提供了有价值的见解。同行评议本文的同行评议记录可在以下网址查阅:https://publons.com/publon/10.1108/IJSE-09-2022-0604。
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引用次数: 0
The spillover effect of export on total factor productivity of enterprises: panel data approach in Vietnam 出口对企业全要素生产率的溢出效应:越南的面板数据方法
IF 1.9 Q2 ECONOMICS Pub Date : 2024-03-26 DOI: 10.1108/ijse-05-2023-0373
Anh Tuyet Nguyen, Vu Hiep Hoang, Phuong Thao Le, Thi Thanh Huyen Nguyen, Thi Thanh Van Pham

Purpose

This study addresses the empirical results of the spillover effect with export as the primary economic activity that enhances local businesses' total factor productivity (TFP). A learning mechanism is expected to be generated and used as the basis for the policy implication.

Design/methodology/approach

This study adopted the Cobb–Douglas function and multiple estimation approaches, including the generalized method of moments, the Olley–Pakes and the Levinsohn–Petrin estimation techniques. The findings were estimated based on the panel data of a Vietnamese local businesses survey conducted by the General Statistics Office of Vietnam (GSO) from 2010 to 2019.

Findings

The results showed that the highest TFP belongs to the businesses in the Southeast region, the Mekong Delta region, the mining industry and the foreign-invested enterprises. The lowest impacted TFP are businesses in the Northwest region and agricultural, forestry and fishery sectors. In addition, the estimated results also show that the positive spillover effect on TFP is shown through forward and backward linkage. The negative spillover effect is expressed through the backward and horizontal channels.

Research limitations/implications

This study offers original empirical evidence on the learning mechanisms via which exports contribute to productivity improvement in a developing Asian economy, so making a valuable contribution to the existing academic literature in this domain. The findings of this research make a valuable contribution to the advancement of understanding on the many ways via which spillover effects manifest such as horizontal, forward, backward and supplied-backward linkage.

Practical implications

The study's findings indicate that it is advisable for governments to give priority to the development and improvement of forward and supply chain linkages between exporters and local suppliers. This approach is recommended in order to optimize the advantages derived from export spillovers. At the organizational level, it is imperative for enterprises to strengthen their technological and managerial skills in order to efficiently incorporate knowledge spillovers that originate from overseas partners and trade counterparts.

Originality/value

This study sheds new evidence on the export spillover effect on productivity in emerging economies, with Vietnam as the case study. The paper contributes to the research's originality by adopting novel methodological aspects to estimate local businesses' impact on total factor productivity.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0373

目的 本研究探讨了以出口为主要经济活动的溢出效应的实证结果,这种溢出效应提高了当地企业的全要素生产率(TFP)。本研究采用了柯布-道格拉斯函数和多种估计方法,包括广义矩法、Olley-Pakes 和 Levinsohn-Petrin 估计技术。结果表明,全要素生产率最高的是东南地区、湄公河三角洲地区、采矿业和外商投资企业。受影响最小的全要素生产率是西北地区的企业以及农业、林业和渔业部门。此外,估计结果还显示,全要素生产率的正溢出效应通过前向和后向联系表现出来。本研究提供了关于出口促进亚洲发展中经济体生产率提高的学习机制的原创性经验证据,因此为该领域的现有学术文献做出了宝贵贡献。本研究的结果为进一步了解溢出效应的多种表现形式(如横向、前向、后向和供求联系)做出了宝贵贡献。 实际意义本研究的结果表明,政府应优先发展和改善出口商与本地供应商之间的前向联系和供应链联系。建议采取这种方法,以优化出口溢出效应带来的优势。在组织层面,企业必须加强其技术和管理技能,以便有效吸收来自海外合作伙伴和贸易同行的知识溢出效应。本文采用了新颖的方法来估算当地企业对全要素生产率的影响,为研究的原创性做出了贡献。同行评议本文的同行评议历史见:https://publons.com/publon/10.1108/IJSE-05-2023-0373。
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引用次数: 0
Impact of credit access of farmers in cooperative societies on financial performance: the predictive effect of financial literacy 合作社农民获得信贷对财务业绩的影响:金融知识的预测作用
IF 1.9 Q2 ECONOMICS Pub Date : 2024-03-21 DOI: 10.1108/ijse-10-2023-0837
Ogochukwu Gabriella Onah, Anselm Anibueze Enete, Chukwuemeka Uzoma Okoye, Chukwuma Otum Ume, Chukwuemeka Chiebonam Onyia

Purpose

The goal of this study was to determine the impact of access to credit facilities on financial performance among farmers of cooperative societies. The study also tested the predictive power of financial literacy.

Design/methodology/approach

The descriptive survey research design was used for the study while the sample size was 240 farmers of cooperative societies from South-East Nigeria. The farmers were categorised into those with access to credit facilities and those without access to credit facilities. A structured questionnaire was used to collect data for the study. Data were analysed using multiple analyses of variance (MANOVA) and multiple regression analysis.

Findings

Farmers with access to credit facilities reported higher financial performance such as return on investment, working capital, net profit, profit margin and sales. However, those without access to credit facilities reported lower mean scores on financial performance. Also, financial literacy, like financial knowledge, attitude and awareness, significantly predicts the impact of access to credit facilities on financial performance. It was also found that the duration of repayment of credit facilities, like medium and long term, contributes more to improving financial performance.

Originality/value

This study has shown that even though access to credit facilities impacts financial performance, financial literacy is an important consideration. Also, the duration of repayment is a crucial factor.

目的本研究旨在确定获得信贷设施对合作社农民财务业绩的影响。设计/方法/途径本研究采用描述性调查研究设计,样本量为尼日利亚东南部合作社的 240 名农民。这些农民被分为有机会获得信贷服务的农民和没有机会获得信贷服务的农民。研究采用结构化问卷收集数据。研究结果获得信贷服务的农民报告了较高的财务业绩,如投资回报率、营运资本、净利润、利润率和销售额。然而,无法获得信贷服务的农民在财务绩效方面的平均得分较低。此外,金融知识、态度和意识等金融素养也能显著预测获得信贷服务对财务业绩的影响。研究还发现,信贷服务的还款期限(如中长期)更有助于提高财务绩效。此外,还款期限也是一个关键因素。
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引用次数: 0
Does corruption moderate the military spending – Informal economy nexus? The empirical evidence from Asian countries 腐败是否会缓和军费开支与非正规经济之间的关系?亚洲国家的经验证据
IF 1.9 Q2 ECONOMICS Pub Date : 2024-03-14 DOI: 10.1108/ijse-06-2023-0454
Toan Khanh Tran Pham

Purpose

In pursuit of good governance and better allocation of resources, corruption and informal economy are of interest to policymakers and citizens alike. The impacts of military spending on the informal economy are scant. Moreover, the effects of an external factor, such as corruption that moderates this relationship, have largely been neglected in previous studies. Hence, this paper investigates how corruption moderates the effects of military spending on the informal economy in 30 Asian countries from 1995 to 2017.

Design/methodology/approach

This paper utilizes the GMM estimation technique, which allows cross-sectional dependence and slope homogeneity in panel data analysis, to examine the moderating role of corruption on the relationship between military spending and the informal economy.

Findings

Empirical findings from this paper indicate that an increase in military spending declines the informal economy while corruption increases it. Interestingly, the negative effects of military spending on the informal economy will mitigate with a greater degree of corruption in the Asian region. We also find that enhancing economic growth and attracting more FDI has reduced the informal economy in Asian countries.

Originality/value

To the best of the authors' knowledge, this is the first empirical study conducted to examine the moderating role of corruption on the military spending – informal economy nexus. Thus far, this approach has not been investigated in the existing literature, particularly for Asian countries.

目的 在追求善治和更好地分配资源的过程中,腐败和非正规经济受到决策者和公民的关注。军费开支对非正规经济的影响研究很少。此外,以往的研究大多忽略了外部因素(如腐败)对这种关系的调节作用。因此,本文研究了 1995 年至 2017 年间,腐败如何调节 30 个亚洲国家的军费开支对非正规经济的影响。本文利用 GMM 估计技术,在面板数据分析中允许横截面依赖性和斜率同质性,研究腐败对军费开支与非正规经济之间关系的调节作用。研究结果本文的实证研究结果表明,军费开支的增加会降低非正规经济,而腐败则会增加非正规经济。有趣的是,亚洲地区的腐败程度越高,军费开支对非正规经济的负面影响就越小。我们还发现,促进经济增长和吸引更多外国直接投资减少了亚洲国家的非正规经济。 原创性/价值 据作者所知,这是第一项研究腐败对军费-非正规经济关系的调节作用的实证研究。迄今为止,现有文献尚未对这一方法进行研究,尤其是针对亚洲国家。
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引用次数: 0
期刊
INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS
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