Pub Date : 2024-04-02DOI: 10.9734/ajeba/2024/v24i51310
Odewusi Oyetola, Olalere Mayowa David, A. F.F
To help investors make timely and cost-effective judgments, financial reporting quality has been a pertinent topic of discussion in the global business community. It assists users in public organizations in selecting the best method for utilizing relevant accounting data. Research in the literature revealed that incidences of fraud and a lack of accountability result in subpar financial reporting, which undermines investor trust and shapes investment choices. Research indicates that a large number of colleges fail to incorporate audit quality into their daily operations in an effort to improve financial reporting standards. As a result, this study looked at the connection between financial reporting quality and audit quality at many public institutions in southwest Nigeria. In this study, survey research approach was used. Twelve of the nineteen public universities in southwest Nigeria that were included in the study were selected through the use of purposeful sampling. A total of 250 employees who worked in senior management, audit, and finance made up the target population. A sample size of 201 was calculated using the Taro Yamane formula. There were 201 copies of the validated structure questionnaire distributed to the participants. Ninety-four, or 94.5 percent, were recovered. The reliability coefficients for Cronbach's Alpha varied from 0.724 to 0.991. The data were analyzed using both inferential (multiple regression) and descriptive statistics. The results of the study showed that audit quality had a significant impact on the following: financial report timeliness (Adj. R2 = 0.516; F(201) = 43.597=; p=0.00); financial report faithful representation (Adj. R2 = 0.598; F(6, 183) = 47.930=; p=0.00); financial report understandability (Adj. R2 = 0.416; F(6, 183) = 21.735=; p=0.00); and the comparability of financial report quality (Adj. R2 = 0.390; F(201) = 21.102=; p=0.00). The study came to the conclusion that financial reporting quality at public universities in southwest Nigeria is influenced by the quality of audits. To improve the caliber of financial reporting, the study advised public entities to include audit quality into their daily operations.
{"title":"Financial Reporting Quality at Public Universities in Southwest Nigeria","authors":"Odewusi Oyetola, Olalere Mayowa David, A. F.F","doi":"10.9734/ajeba/2024/v24i51310","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51310","url":null,"abstract":"To help investors make timely and cost-effective judgments, financial reporting quality has been a pertinent topic of discussion in the global business community. It assists users in public organizations in selecting the best method for utilizing relevant accounting data. Research in the literature revealed that incidences of fraud and a lack of accountability result in subpar financial reporting, which undermines investor trust and shapes investment choices. Research indicates that a large number of colleges fail to incorporate audit quality into their daily operations in an effort to improve financial reporting standards. As a result, this study looked at the connection between financial reporting quality and audit quality at many public institutions in southwest Nigeria.\u0000In this study, survey research approach was used. Twelve of the nineteen public universities in southwest Nigeria that were included in the study were selected through the use of purposeful sampling. A total of 250 employees who worked in senior management, audit, and finance made up the target population. A sample size of 201 was calculated using the Taro Yamane formula. There were 201 copies of the validated structure questionnaire distributed to the participants. Ninety-four, or 94.5 percent, were recovered. The reliability coefficients for Cronbach's Alpha varied from 0.724 to 0.991. The data were analyzed using both inferential (multiple regression) and descriptive statistics.\u0000The results of the study showed that audit quality had a significant impact on the following: financial report timeliness (Adj. R2 = 0.516; F(201) = 43.597=; p=0.00); financial report faithful representation (Adj. R2 = 0.598; F(6, 183) = 47.930=; p=0.00); financial report understandability (Adj. R2 = 0.416; F(6, 183) = 21.735=; p=0.00); and the comparability of financial report quality (Adj. R2 = 0.390; F(201) = 21.102=; p=0.00).\u0000The study came to the conclusion that financial reporting quality at public universities in southwest Nigeria is influenced by the quality of audits. To improve the caliber of financial reporting, the study advised public entities to include audit quality into their daily operations.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"33 15","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140753064","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-01DOI: 10.9734/ajeba/2024/v24i51307
Salwa Nabila, Albari Albari
Aim: This research aims to explain the positive influence of interaction quality, physical environment quality, and environmentally friendly practices on brand personality and brand reputation with customer experience as a mediating variable. This is important and interesting to discuss because it is necessary to implement marketing strategies in a brand or company. Study Design: Service quality is evaluated based on interaction quality and physical environment quality and green marketing is evaluated based on physical environmentally friendly practices. Place and Duration of Study: This research was conducted in Indonesia from September 2023 to February 2024. Methodology: The study used a convenience sampling method and generated 350 respondents. Primary data for this study was obtained through an online questionnaire. Data analysis was conducted using Structural Equation Model modeling with AMOS 24. Results: The results of this study show that (1) the quality of interactions, the quality of the physical environment, and environmentally friendly practices have a positive and significant effect on customer experience. (2) Interaction quality, physical environment quality, environmentally friendly practices, and brand personality have a positive influence on brand reputation. (3) Customer experience has a positive and significant influence on brand personality and brand reputation. Conclusion: This research provides new insights into the influence of service quality and green marketing in a company or brand. Companies must manage these two things to improve the brand personality and brand reputation of the company, especially in the food and beverages sector.
{"title":"The Influence of Interaction Quality, Physical Environment Quality, and Environmentally Friendly Practices on Brand Personality and Brand Reputation with Customer Experience as a Mediating Variable","authors":"Salwa Nabila, Albari Albari","doi":"10.9734/ajeba/2024/v24i51307","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51307","url":null,"abstract":"Aim: This research aims to explain the positive influence of interaction quality, physical environment quality, and environmentally friendly practices on brand personality and brand reputation with customer experience as a mediating variable. This is important and interesting to discuss because it is necessary to implement marketing strategies in a brand or company. \u0000Study Design: Service quality is evaluated based on interaction quality and physical environment quality and green marketing is evaluated based on physical environmentally friendly practices. \u0000Place and Duration of Study: This research was conducted in Indonesia from September 2023 to February 2024. \u0000Methodology: The study used a convenience sampling method and generated 350 respondents. Primary data for this study was obtained through an online questionnaire. Data analysis was conducted using Structural Equation Model modeling with AMOS 24. \u0000Results: The results of this study show that (1) the quality of interactions, the quality of the physical environment, and environmentally friendly practices have a positive and significant effect on customer experience. (2) Interaction quality, physical environment quality, environmentally friendly practices, and brand personality have a positive influence on brand reputation. (3) Customer experience has a positive and significant influence on brand personality and brand reputation. \u0000Conclusion: This research provides new insights into the influence of service quality and green marketing in a company or brand. Companies must manage these two things to improve the brand personality and brand reputation of the company, especially in the food and beverages sector.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"226 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140777573","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-03-30DOI: 10.9734/ajeba/2024/v24i51306
Denis Mwageni, S. Mlozi, Hawa Uiso
This study assessed the relationship between airport departure non-processing service performance and international tourists' satisfaction at Kilimanjaro International Airport. A survey research design and quantitative approaches with stratified sampling and a 162 sample size were adopted. Data collection was done through closed-ended questionnaires. The questionnaires were distributed to tourists and picked after being filled up. Respondents’ responses were based on a five-point Likert Scale. Data analysis was done using IBM SPSS statistics version 21 and Partial Least Squares – Structural Equation Modelling using SmartPLS 3 software with the help of SmartPLS3 software. The study showed that airport departure facilities were directly and significantly associated with international tourists' satisfaction. This implies that the relationship exists in real life, and any effort to disregard the assessment of these facilities may disturb tourists' satisfaction and lead to untrustworthiness. Moreover, airport departure accessibility and departure retail areas showed an insignificant association with international tourists' satisfaction, implying that no relationship exists in real life. The study recommends that indicators for the constructs with direct relationships be treated as significant factors. However, airport operators should equally monitor service performance to achieve the highest tourist’ satisfaction in all three constructs to make tourists loyal since any service compromise can interrupt tourists' satisfaction. The findings have economic significance in improving tourism performance and airport service management.
{"title":"Satisfaction of International Tourists with Departure Services at Kilimanjaro International Airport: A Study in Tanzania","authors":"Denis Mwageni, S. Mlozi, Hawa Uiso","doi":"10.9734/ajeba/2024/v24i51306","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51306","url":null,"abstract":"This study assessed the relationship between airport departure non-processing service performance and international tourists' satisfaction at Kilimanjaro International Airport. A survey research design and quantitative approaches with stratified sampling and a 162 sample size were adopted. Data collection was done through closed-ended questionnaires. The questionnaires were distributed to tourists and picked after being filled up. Respondents’ responses were based on a five-point Likert Scale. Data analysis was done using IBM SPSS statistics version 21 and Partial Least Squares – Structural Equation Modelling using SmartPLS 3 software with the help of SmartPLS3 software. The study showed that airport departure facilities were directly and significantly associated with international tourists' satisfaction. This implies that the relationship exists in real life, and any effort to disregard the assessment of these facilities may disturb tourists' satisfaction and lead to untrustworthiness. Moreover, airport departure accessibility and departure retail areas showed an insignificant association with international tourists' satisfaction, implying that no relationship exists in real life. The study recommends that indicators for the constructs with direct relationships be treated as significant factors. However, airport operators should equally monitor service performance to achieve the highest tourist’ satisfaction in all three constructs to make tourists loyal since any service compromise can interrupt tourists' satisfaction. The findings have economic significance in improving tourism performance and airport service management.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"59 49","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140362448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-03-30DOI: 10.9734/ajeba/2024/v24i51301
Muhammad Rivaldo Hadzami, R. Roostika
This study aims to assess future behavioral intention on tourist experiences while visiting culinary destinations in Yogyakarta that serve healthy cuisine; the examined variables are destination fascination and subjective well-being as a mediating variable. The study uses a quantitative approach. Questionaries utilize seven-point Likert scale for the measurements were spreads online. The study took place in Indonesia from October to December 2023. Respondents are tourists who have tasted healthy cuisine in Yogyakarta, totaling 246. The presented hypotheses in this study were tested using AMOS software. The study found how destination fascination has a negative and significant effect on destination loyalty. Moreover, the fascination to a destination has a positive and substantial effect on an individual's subjective well-being. Subjective well-being has a positive but non-significant effect on destination loyalty and cannot serve as a mediator in the connection between destination fascination and destination loyalty.
{"title":"Antecedent of Destination Loyalty through Tourists’ Fascination","authors":"Muhammad Rivaldo Hadzami, R. Roostika","doi":"10.9734/ajeba/2024/v24i51301","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51301","url":null,"abstract":"This study aims to assess future behavioral intention on tourist experiences while visiting culinary destinations in Yogyakarta that serve healthy cuisine; the examined variables are destination fascination and subjective well-being as a mediating variable. The study uses a quantitative approach. Questionaries utilize seven-point Likert scale for the measurements were spreads online. The study took place in Indonesia from October to December 2023. Respondents are tourists who have tasted healthy cuisine in Yogyakarta, totaling 246. The presented hypotheses in this study were tested using AMOS software. The study found how destination fascination has a negative and significant effect on destination loyalty. Moreover, the fascination to a destination has a positive and substantial effect on an individual's subjective well-being. Subjective well-being has a positive but non-significant effect on destination loyalty and cannot serve as a mediator in the connection between destination fascination and destination loyalty.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"50 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140362936","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-03-29DOI: 10.9734/ajeba/2024/v24i51304
T. Yen
Aging of the population has implications for the elderly, family care, social welfare and labor, and government finances in China. Moreover, there is a gap between the elderly and others in the use of digital tools. It is difficult and inconvenient to obtain digital information and use digital information, thus forming the phenomenon of digital divide. Under the background of digital divide, the elderly is faced with many digital risk problems, and how to deal with these problems has become a very important research topic. The purpose of this study is to explore the use of digital tools by the elderly, to analyze the digital risks they faced, and to provide the research suggestions. The data were obtained through in-depth interviews with 17 respondents and 332 valid questionnaires. The results show that elderly is more likely to own smartphones and use them to make calls and pay for daily purchases. In addition, common digital risks for the elderly include online shopping risk, time risk, privacy risk, financial risk and psychological risk. The study suggested that the government should strengthen publicity on online shopping precautions and cooperate with universities or research institutions to raise and prevent digital risk awareness among the elderly.
{"title":"Assessment of Digital Risk of Senior Care in Shandong Province: A Focus on the Digital Divide","authors":"T. Yen","doi":"10.9734/ajeba/2024/v24i51304","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51304","url":null,"abstract":"Aging of the population has implications for the elderly, family care, social welfare and labor, and government finances in China. Moreover, there is a gap between the elderly and others in the use of digital tools. It is difficult and inconvenient to obtain digital information and use digital information, thus forming the phenomenon of digital divide. Under the background of digital divide, the elderly is faced with many digital risk problems, and how to deal with these problems has become a very important research topic. The purpose of this study is to explore the use of digital tools by the elderly, to analyze the digital risks they faced, and to provide the research suggestions. The data were obtained through in-depth interviews with 17 respondents and 332 valid questionnaires. The results show that elderly is more likely to own smartphones and use them to make calls and pay for daily purchases. In addition, common digital risks for the elderly include online shopping risk, time risk, privacy risk, financial risk and psychological risk. The study suggested that the government should strengthen publicity on online shopping precautions and cooperate with universities or research institutions to raise and prevent digital risk awareness among the elderly.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"83 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140366485","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}
Aims: This study examined the supply chain and marketing margin of catfish seed in selected areas of the Mymensingh district. The objectives include analyzing supply chain management, marketing margins of catfish seed production, and identifying the challenges in production and marketing systems. Study Design: This study used a quantitative approach with a questionnaire data collection method. Place and Duration of Study: Samples were taken from four upazilas of Mymensingh district- Gouripur, Trishal, Mymensingh Sadar, and Muktagacha. Data was collected through face-to-face interviews between mid-September and mid-October in 2019. Methodology: The sample size was 120 including 30 catfish seed farmers, 30 paikers, 30 wholesalers, and 30 retailers. This study employed supply chain analysis, net return and net marketing margin analysis, and descriptive statistics. Results: The study found that retailers had the highest net marketing margin of 1664 Bangladeshi Taka (Tk.) (15.21 US Dollars) for 10 kg spawn, while paikers earned the highest margin of Tk. 11148 (101.93 US Dollars) for 100,000 pieces of fingerling. The annual net return per acre from spawn production in hatcheries was Tk. 9,469,097 (86580.71 US Dollars), and from fingerling production in nurseries was Tk. 455,783 (4167.45 US Dollars). Conclusion: The research indicated that catfish seed farms with hatcheries were more profitable than those with nurseries. Hatchery owners, nursery owners, and traders faced significant problems in their operations, such as a lack of information on quality seed, higher input prices and price fluctuations, non-availability of various inputs, and poor communication systems. Based on the result, recommendations were made to support the development of catfish seed farms and traders as a promising sector in agribusiness.
{"title":"A Study on Supply Chain Analysis and Marketing Margin of Catfish Seed in Mymensingh District, Bangladesh","authors":"Shaumik Islam Hridoy, Nazia Tabassum, Dilshad Zahan Ethen, Eshrat Jahan Mahfuza, Md. Asraf Mahmud Hasif, Md. Mahfuzul Hasan, Md. Salauddin Palash","doi":"10.9734/ajeba/2024/v24i51305","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51305","url":null,"abstract":"Aims: This study examined the supply chain and marketing margin of catfish seed in selected areas of the Mymensingh district. The objectives include analyzing supply chain management, marketing margins of catfish seed production, and identifying the challenges in production and marketing systems.\u0000Study Design: This study used a quantitative approach with a questionnaire data collection method.\u0000Place and Duration of Study: Samples were taken from four upazilas of Mymensingh district- Gouripur, Trishal, Mymensingh Sadar, and Muktagacha. Data was collected through face-to-face interviews between mid-September and mid-October in 2019.\u0000Methodology: The sample size was 120 including 30 catfish seed farmers, 30 paikers, 30 wholesalers, and 30 retailers. This study employed supply chain analysis, net return and net marketing margin analysis, and descriptive statistics.\u0000Results: The study found that retailers had the highest net marketing margin of 1664 Bangladeshi Taka (Tk.) (15.21 US Dollars) for 10 kg spawn, while paikers earned the highest margin of Tk. 11148 (101.93 US Dollars) for 100,000 pieces of fingerling. The annual net return per acre from spawn production in hatcheries was Tk. 9,469,097 (86580.71 US Dollars), and from fingerling production in nurseries was Tk. 455,783 (4167.45 US Dollars).\u0000Conclusion: The research indicated that catfish seed farms with hatcheries were more profitable than those with nurseries. Hatchery owners, nursery owners, and traders faced significant problems in their operations, such as a lack of information on quality seed, higher input prices and price fluctuations, non-availability of various inputs, and poor communication systems. Based on the result, recommendations were made to support the development of catfish seed farms and traders as a promising sector in agribusiness.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"72 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140366396","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-03-28DOI: 10.9734/ajeba/2024/v24i51302
Wu Hao, Yongqi Xu
The acceleration of globalization makes the whole world economy full of uncertainty Development has strongly promoted the growth of global trade, on the other hand, the financial crisis of globalization will have a more profound impact on every economy, thus disrupting the balance of the global economy. GARCH model is used to calculate the volatility of exchange rate, and the empirical part analyzes the impact of RMB exchange rate changes on the export trade of Jiangsu Province. A total of 70 periods of monthly data from 2018 to 2023 are used, including two periods of exchange rate reform and epidemic that have a great impact on RMB exchange rate fluctuations. The empirical results show that, the change of exchange rate has a significant impact on the import and export trade volume of Jiangsu Province, and the exchange rate fluctuation has a significant negative impact on the export trade scale of Jiangsu province, which is greater than the import; Finally, for the foreign trade industry of Jiangsu province how to deal with the volatility of RMB exchange rate, this paper puts forward corresponding countermeasures and suggestions from the perspective of government and enterprises respectively.
{"title":"Impact of RMB Exchange Rate Changes on Jiangsu’s Foreign Trade","authors":"Wu Hao, Yongqi Xu","doi":"10.9734/ajeba/2024/v24i51302","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51302","url":null,"abstract":"The acceleration of globalization makes the whole world economy full of uncertainty Development has strongly promoted the growth of global trade, on the other hand, the financial crisis of globalization will have a more profound impact on every economy, thus disrupting the balance of the global economy.\u0000GARCH model is used to calculate the volatility of exchange rate, and the empirical part analyzes the impact of RMB exchange rate changes on the export trade of Jiangsu Province. A total of 70 periods of monthly data from 2018 to 2023 are used, including two periods of exchange rate reform and epidemic that have a great impact on RMB exchange rate fluctuations. The empirical results show that, the change of exchange rate has a significant impact on the import and export trade volume of Jiangsu Province, and the exchange rate fluctuation has a significant negative impact on the export trade scale of Jiangsu province, which is greater than the import;\u0000Finally, for the foreign trade industry of Jiangsu province how to deal with the volatility of RMB exchange rate, this paper puts forward corresponding countermeasures and suggestions from the perspective of government and enterprises respectively.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"27 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140372895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-03-27DOI: 10.9734/ajeba/2024/v24i51300
Ram Prasad Chandra
In the present study, we have used Box-Jenkins approaches an Autoregressive Integrated Moving Average model (ARIMA) for modeling and forecasting of annual amount of Arabica and Robusta coffee production and yield (ARCPY) in India. In this study used time series data was collected from the official website of the coffee board of India from 1986 to 2023 (38 observations). Augmented Dickey-Fuller (ADF) test has used for testing the stationarity of the time series, and the appropriate ARIMA model has selected based on minimum Akaike Information Criterion (AIC). The ARIMA models has compared with the other ARIMA models with respect to forecast accuracy measures, and the residuals has diagnosed for possible presence of autocorrelation, and white noise heteroscedasticity (WNH) test of the fitted models. The MAPE value of ACP and ACY has 8.94 and 9.35 percent respectively shows highly accurate forecasting percentage rate respectively. While, the MAPE value of RCP and RCY has 16.03 and 11.43 percent respectively shows good accurate forecasting percentage rate respectively. Thus, we found the ARIMA (2, 1, 4), (3, 1, 2), (0, 1, 3) and (2, 0, 1) models for Arabica and Robusta coffee; which has observed as the best suitable model for predicting the future annual amount of Arabica coffee production (ACP), Arabica coffee yield (ACY), Robusta coffee production (RCP) and Robusta coffee yield (RCY) respectively, and we have estimated that the annual amount of ACP and ACY achieved in the year 2023-24 from 97379.67 MTs, and 472.29 kg/hectare respectively to 93272.91 MTs, and 379.31 kg/hectare respectively in the year 2034-35 will decrease, and the annual amount of RCP and RCY achieved in the year 2023-24 from 268655.21 MTs, and 1110.68 kg/hectare respectively to 318614.85 MTs, and 1012.90 kg/hectare respectively in the year 2034-35 will reach.
{"title":"Econometric Modeling and Forecasting of Arabica and Robusta Coffee Production for Sustainable Agriculture Development","authors":"Ram Prasad Chandra","doi":"10.9734/ajeba/2024/v24i51300","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51300","url":null,"abstract":"In the present study, we have used Box-Jenkins approaches an Autoregressive Integrated Moving Average model (ARIMA) for modeling and forecasting of annual amount of Arabica and Robusta coffee production and yield (ARCPY) in India. In this study used time series data was collected from the official website of the coffee board of India from 1986 to 2023 (38 observations). Augmented Dickey-Fuller (ADF) test has used for testing the stationarity of the time series, and the appropriate ARIMA model has selected based on minimum Akaike Information Criterion (AIC). The ARIMA models has compared with the other ARIMA models with respect to forecast accuracy measures, and the residuals has diagnosed for possible presence of autocorrelation, and white noise heteroscedasticity (WNH) test of the fitted models. The MAPE value of ACP and ACY has 8.94 and 9.35 percent respectively shows highly accurate forecasting percentage rate respectively. While, the MAPE value of RCP and RCY has 16.03 and 11.43 percent respectively shows good accurate forecasting percentage rate respectively. Thus, we found the ARIMA (2, 1, 4), (3, 1, 2), (0, 1, 3) and (2, 0, 1) models for Arabica and Robusta coffee; which has observed as the best suitable model for predicting the future annual amount of Arabica coffee production (ACP), Arabica coffee yield (ACY), Robusta coffee production (RCP) and Robusta coffee yield (RCY) respectively, and we have estimated that the annual amount of ACP and ACY achieved in the year 2023-24 from 97379.67 MTs, and 472.29 kg/hectare respectively to 93272.91 MTs, and 379.31 kg/hectare respectively in the year 2034-35 will decrease, and the annual amount of RCP and RCY achieved in the year 2023-24 from 268655.21 MTs, and 1110.68 kg/hectare respectively to 318614.85 MTs, and 1012.90 kg/hectare respectively in the year 2034-35 will reach.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"17 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140375362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-03-26DOI: 10.9734/ajeba/2024/v24i51299
Akash Asthana, Syed Shafi Ahmed, Anjana Tiwari
The traditional Capital Asset Pricing Model (CAPM) assumed a normal distribution of returns, which was criticized by various researchers who recognized the non-normal distribution of returns in the Sharpe-Lintner CAPM. The introduction of unconditional higher moments, namely co-skewness and co-kurtosis, as additional measures of systematic risk may enhance the model's explanatory power, especially when the distribution function of stock returns is asymmetric. The present study empirically investigates the applicability of unconditional higher order moment CAPM and the impact of higher moments in the Indian stock market i.e. Bombay Stock Exchange using the data of sectoral indices for the period from April 2011 to March 2021. To test the four moment CAPM empirically, the specification given by Fang and Lai has been used in the study. The findings of the present study revealed that the higher moments (coskewness and cokurtosis) are significantly priced and have impact on the returns in the Indian stock market. The market risk premium for covariance was found to be insignificant. Further the hypothesis related to intercept term was accepted and market risk premiums were rejected. The results showed an increase in the explanatory power of the model as compared to the unconditional CAPM as the R-square value of the model was obtained better than the latter model. The mixed and inconclusive findings contradicted the model in the Indian context. The alternate models like the Fama-French three factor and five factor model should be exploited in the Indian context as those models have been rarely used in the Indian context.
{"title":"Empirical Evidence on the Validity of the Unconditional Higher Moment CAPM in the Bombay Stock Exchange","authors":"Akash Asthana, Syed Shafi Ahmed, Anjana Tiwari","doi":"10.9734/ajeba/2024/v24i51299","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51299","url":null,"abstract":"The traditional Capital Asset Pricing Model (CAPM) assumed a normal distribution of returns, which was criticized by various researchers who recognized the non-normal distribution of returns in the Sharpe-Lintner CAPM. The introduction of unconditional higher moments, namely co-skewness and co-kurtosis, as additional measures of systematic risk may enhance the model's explanatory power, especially when the distribution function of stock returns is asymmetric. The present study empirically investigates the applicability of unconditional higher order moment CAPM and the impact of higher moments in the Indian stock market i.e. Bombay Stock Exchange using the data of sectoral indices for the period from April 2011 to March 2021. To test the four moment CAPM empirically, the specification given by Fang and Lai has been used in the study. The findings of the present study revealed that the higher moments (coskewness and cokurtosis) are significantly priced and have impact on the returns in the Indian stock market. The market risk premium for covariance was found to be insignificant. Further the hypothesis related to intercept term was accepted and market risk premiums were rejected. The results showed an increase in the explanatory power of the model as compared to the unconditional CAPM as the R-square value of the model was obtained better than the latter model. The mixed and inconclusive findings contradicted the model in the Indian context. The alternate models like the Fama-French three factor and five factor model should be exploited in the Indian context as those models have been rarely used in the Indian context.","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"122 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140379914","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-03-23DOI: 10.9734/ajeba/2024/v24i51296
Bhimantara Haba Asy-Syidiqie, Raden Roro Ratna Roostika
Beach has become a part of tourism experience and it is one of the most important motivators for tourism. In order to attract tourists to come to visit, a beach should have a favorable image. Furthermore, nature and environmental awareness by tourists in a beach destination are also considered to be very important to influence the spread of positive green consumption towards a beach destination. However, in the context of tourist destinations, these concepts have never been empirically investigated. Therefore, the aim of this research is to extend the theoretical concepts and evaluates the empirical evidence of the relationship between tourism experience, connectedness to nature, environmental, green consumption towards Parangtritis beach. The result drawn from a sample of 226 domestic tourists in Yogyakarta (117 men, 109 women; age rage 18-60 years), between September 2023 and December 2023, show that tourism experience, connectedness to nature, environmental awareness and green consumption has a significant influence on Parangtritis beach. Furthermore, this study reveals that the development of a beach in a tourism destination is only possible if the beach is simultaneously developed into an attractive destination
{"title":"Tourism Destination: The Role of Beach Tourism Experience Affect Green Consumption on Parangtritis Beach Yogyakarta, Indonesia","authors":"Bhimantara Haba Asy-Syidiqie, Raden Roro Ratna Roostika","doi":"10.9734/ajeba/2024/v24i51296","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i51296","url":null,"abstract":"Beach has become a part of tourism experience and it is one of the most important motivators for tourism. In order to attract tourists to come to visit, a beach should have a favorable image. Furthermore, nature and environmental awareness by tourists in a beach destination are also considered to be very important to influence the spread of positive green consumption towards a beach destination. However, in the context of tourist destinations, these concepts have never been empirically investigated. Therefore, the aim of this research is to extend the theoretical concepts and evaluates the empirical evidence of the relationship between tourism experience, connectedness to nature, environmental, green consumption towards Parangtritis beach. The result drawn from a sample of 226 domestic tourists in Yogyakarta (117 men, 109 women; age rage 18-60 years), between September 2023 and December 2023, show that tourism experience, connectedness to nature, environmental awareness and green consumption has a significant influence on Parangtritis beach. Furthermore, this study reveals that the development of a beach in a tourism destination is only possible if the beach is simultaneously developed into an attractive destination","PeriodicalId":505152,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":" 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140210386","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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