South Asian Journal of Business Studies最新文献_第10页

Does financial development matter for domestic investment? Empirical evidence from India 金融发展对国内投资重要吗？来自印度的经验证据

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-06-23 DOI: 10.1108/sajbs-09-2020-0332

N. Sinha, Swati Shastri

PurposeThis paper empirically examines the impact of financial development on domestic investment in India for the period 1989–2017.Design/methodology/approachThis study employs the autoregressive distributed lag (ARDL) bounds testing approach to co-integration to test the long-run relationship between financial development and domestic investment. To test the direction of causality, Toda–Yamamoto causality test and vector error correction model (VECM) Granger causality/Block Exogeneity Wald test have been employed. Investment has been measured by Gross Capital Formation. To capture various aspects of financial development in India, eight alternative indicators (both bank based and market based) have been used. With the help selected indicators, a composite index (FINDEX) of financial development has been constructed using principal component analysis (PCA).FindingsThe estimated result finds evidence in favour of positive, short-run and long-run impact of financial development on investment in the Indian economy. Both bank-based and market-based indicators are found to significantly affect the level of investment. The significant effect of efficiency-based financial development indicators (both bank based and market based) upon domestic investment implies that there is a need to implement policies that ensure the efficiency of financial intermediation.Originality/valueTo the best of authors' knowledge, not much research has been done to explore the relationship between financial development and domestic investment, especially in the case of Indian economy. This study also tries to find the impact of bank-based and market-based financial development indicators upon domestic investment to explore banks vs market issue.

本文实证考察了1989-2017年印度金融发展对国内投资的影响。本研究采用协整的自回归分布滞后(ARDL)边界检验方法来检验金融发展与国内投资之间的长期关系。为了检验因果关系的方向，我们采用了Toda-Yamamoto因果检验和向量误差修正模型(VECM)格兰杰因果关系/块外生性Wald检验。投资以总资本形成来衡量。为了捕捉印度金融发展的各个方面，使用了八个替代指标(基于银行和基于市场)。在选定指标的帮助下，利用主成分分析(PCA)构建了金融发展综合指数(FINDEX)。研究结果估计的结果发现了有利于金融发展对印度经济投资的积极、短期和长期影响的证据。研究发现，基于银行和基于市场的指标对投资水平都有显著影响。以效率为基础的金融发展指标(以银行为基础和以市场为基础)对国内投资的重大影响意味着有必要执行确保金融中介效率的政策。原创性/价值就笔者所知，探讨金融发展与国内投资之间关系的研究并不多，尤其是对印度经济的研究。本研究也试图找出以银行为基础和以市场为基础的金融发展指标对国内投资的影响，以探讨银行与市场的关系。

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引用次数: 4

An empirical analysis among foreign direct investment, trade openness and economic growth: evidence from the Indian economy 外国直接投资、贸易开放与经济增长的实证分析——来自印度经济的证据

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-06-22 DOI: 10.1108/sajbs-06-2020-0199

R. Kumari, M. Shabbir, S. Saleem, Ghulam Yahya Khan, B. A. Abbasi, L. B. López

PurposeThis study examines the long-term and causal relationship among foreign direct investment (FDI) inflows, trade openness and economic growth from India.Design/methodology/approachThis study has used annual time series data from the period 1985–2018 and applied the Johansen cointegration and vector autoregression (VAR) model.FindingsThe results of Johansen's cointegration confirm no long-term relationship among all the above three variables. Further, the results of VAR Granger causality indicate that FDI causes economic growth and economic growth causes FDI, which confirms the bi-directional causality. In contrast, this study found that there is no bi-directional causality between trade openness and economic growth.Social implicationsThrough this study, the government could take the decisions related to foreign investment after adopting more trade openness because the study results revealed that if India follows more trade openness, then how FDI will flow (upward and downward). With impulse analysis, researchers, government and policymakers take the decision-related FDI inflows for the forthcoming ten years after 2018.Originality/valueThis study has found the most exciting results from the impulse functions of FDI inflows, trade openness and economic growth, which showed the situation of these three variables as increase and decrease in the forthcoming ten years.

目的本研究考察了印度外国直接投资（FDI）流入、贸易开放度和经济增长之间的长期因果关系。设计/方法/方法本研究使用了1985-2018年的年度时间序列数据，并应用了Johansen协整和向量自回归（VAR）模型。Johansen协整的结果证实了上述三个变量之间没有长期关系。此外，VAR Granger因果关系的结果表明，FDI导致经济增长，经济增长导致FDI，这证实了双向因果关系。相反，本研究发现，贸易开放与经济增长之间不存在双向因果关系。社会含义通过这项研究，政府可以在采取更多的贸易开放后做出与外国投资相关的决定，因为研究结果表明，如果印度遵循更多的贸易公开，那么外国直接投资将如何流动（向上和向下）。通过脉冲分析，研究人员、政府和政策制定者对2018年后未来十年的外国直接投资流入进行了决策。原始性/价值本研究从外国直接投资流量、贸易开放度和经济增长的脉冲函数中发现了最令人兴奋的结果，显示了这三个变量在未来十年中的增减情况。

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引用次数: 30

Impact of menstruation-related stigma and behavior on female employee performance in Bangladesh: mediating role of non-work related stress 孟加拉女性员工经期污名和行为对绩效的影响:非工作相关压力的中介作用

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-06-18 DOI: 10.1108/sajbs-08-2020-0274

R. Zaman, M. Mohiuddin

PurposeThe purpose of this paper is to investigate how menstruation specific stigma and behavior impacts female employee performance in Bangladesh. Besides, it aims to investigate if nonwork-related stress has any mediating role in the menstruation-related stigma–employee performance and menstruation-related behavior–employee performance relationship.Design/methodology/approachA conceptual model is developed and tested using structural equation modeling (SEM) using Analysis of Moment Structures (AMOS) 25. A total of 400 respondents participated in a self-administered survey, of which 375 questionnaires were retained after discarding questionnaires with incomplete responses.FindingsStigma and behavior related to menstruation were found to have a significant negative effect on female employee performance. Menstruation specific nonwork-related stress was found to partially mediate between menstruation-related stigma–employee performance and menstruation-related behavior–employee performance relationship.Originality/valueThis is the first study to link menstruation specific stigma and behavior and female employee performance using SEM in the context of the Bangladeshi women employees. It is also the first study to investigate the mediating role of nonwork-related stress in the menstruation specific stigma–employee performance and menstruation specific behavior–employee performance relationship in the context of Bangladeshi women employees.

目的本研究的目的是调查孟加拉国女性员工在月经期间的耻辱感和行为是如何影响她们的绩效的。此外，本研究旨在探讨与工作无关的压力是否在月经相关的耻辱感-员工绩效和月经相关的行为-员工绩效关系中具有中介作用。设计/方法/方法一个概念模型是开发和测试使用结构方程模型(SEM)使用力矩结构分析(AMOS) 25。共有400名受访者参与了自我调查，其中375份问卷在丢弃不完整回答的问卷后被保留。研究发现与月经相关的耻辱感和行为对女性员工的绩效有显著的负向影响。研究发现，经期特异性非工作压力在经期相关污名-员工绩效和经期相关行为-员工绩效之间起部分中介作用。原创性/价值这是第一个在孟加拉国女性员工的背景下使用SEM将月经特定的耻辱和行为与女性员工绩效联系起来的研究。这也是首次在孟加拉国女性员工的背景下，研究非工作压力在月经特异性污名-员工绩效和月经特异性行为-员工绩效关系中的中介作用。

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引用次数: 0

Manifestations of workplace ostracism: an insight into academics' psychological well-being 职场排斥的表现:对学者心理健康的洞察

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-06-02 DOI: 10.1108/SAJBS-03-2019-0053

T. Fatima, A. Bilal, Muhammad Imran, Ambreen Sarwar

PurposeOstracism is a subjective and relative concept that renders itself to multiple manifestations and context-specific outcomes. Therefore, this study identified specific behaviours that are perceived as workplace ostracism by teaching faculty of Pakistani Higher Educational Institutions (HEIs). Building on belongingness theory, the ramifications of ostracism on psychological well-being are outlined along with the context-specific factors that shape these outcomes.Design/methodology/approachA phenomenological approach was adopted, and 30 semi-structured interviews from the teaching faculty of HEIs in Lahore, Pakistan, were conducted. The transcribed interviews were coded, and an inductive thematic analysis via NVivo 12 Plus software was used to generate themes and sub-themes.FindingsFive behaviours, i.e. biased treatment, exclusion from formal and informal interactions, interpersonal alienation, delayed sharing or hiding of knowledge, lack of work-related, social and emotional support constituted the acts of ostracism in studied HEIs. The psychological well-being of faculty suffered in terms of negative emotions, reduced job, career and life satisfaction in their work and family life. The contextual factors deciding the intensity of outcomes resulting from workplace encompassed head of department (HOD) support, pay, friendly relations, fear of confrontation, alternative job options and designation of faculty members.Originality/valueThis research is a pioneer in using an in-depth phenomenological approach to define a behavioural typology of ostracism in academia. Moreover, a much needed holistic outcome of psychological well-being is explored in work and non-work domains and further elucidated in light of context-specific factors.

目的排斥主义是一个主观的、相对的概念，它表现为多种表现形式和特定的语境结果。因此，本研究确定了巴基斯坦高等教育机构（HEI）教师认为的工作场所排斥的具体行为。在归属理论的基础上，概述了排斥对心理健康的影响，以及形成这些结果的特定环境因素。设计/方法论/方法采用现象学方法，对巴基斯坦拉合尔高等学校的教师进行了30次半结构化访谈。转录的访谈被编码，并通过NVivo 12 Plus软件进行归纳主题分析，以生成主题和子主题。发现在所研究的高等教育中，五种行为，即偏见对待、被排除在正式和非正式互动之外、人际疏远、延迟分享或隐藏知识、缺乏与工作相关的社会和情感支持，构成了排斥行为。教师的心理健康状况受到负面情绪的影响，在工作和家庭生活中工作、职业和生活满意度下降。决定工作场所结果强度的背景因素包括系主任（HOD）的支持、薪酬、友好关系、对对抗的恐惧、替代工作选择和教员的指定。原创性/价值这项研究是在学术界使用深入的现象学方法来定义排斥行为类型学的先驱。此外，在工作和非工作领域探索了一种急需的心理幸福感的整体结果，并根据具体的环境因素进一步阐明了这一结果。

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引用次数: 9

Do entrepreneurship ecosystem and managerial skills contribute to startup development? 创业生态系统和管理技能有助于创业发展吗？

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-05-04 DOI: 10.1108/SAJBS-07-2020-0233

R. A. Zaidi, M. M. Khan, Rao Aamir Khan, B. Mujtaba

PurposeThe purpose of this study is to analyze the factors affecting startup development and the entrepreneurship ecosystem's contribution to it.Design/methodology/approachA quantitative methodology is used for data collection from different startup owners working across Pakistan. It is a cross-sectional descriptive study, which investigates the causal effect of variables at a definite point in time. Non-probability convenient sampling was used for selecting available startups from the incubation centers. The sampling framework consists of the founders of the startups that have been previously incubated at any of the selected incubation centers.FindingsRegression analysis results from 165 responses of entrepreneurs and incubation centers demonstrate that the most important factors affecting startup development were financial access, government support, marketing challenges, education, technology and managerial skills in order of occurrence. Entrepreneurship ecosystem also proved to have a very positive impact on the relationship of these factors with startup development.Practical implicationsIn this paper, the factors that affect the development of startup are analyzed and recommendations are provided.Originality/valueThis research is comprehensive, as we have collected data from actual entrepreneurs and incubation centers to explain how entrepreneurs initiate their startup business by considering their managerial skills. As such, this study is unique in that the data comes from newly developed incubations centers in one of South Asia's fastest-growing economies.

目的本研究的目的是分析影响初创企业发展的因素以及创业生态系统对其的贡献。设计/方法/方法定量方法用于收集巴基斯坦各地不同初创企业所有者的数据。这是一项横断面描述性研究，调查变量在特定时间点的因果效应。非概率方便抽样用于从孵化中心选择可用的创业公司。抽样框架由之前在任何选定的孵化中心孵化过的初创公司的创始人组成。结果来自165名企业家和孵化中心的回归分析结果表明，影响初创企业发展的最重要因素是资金渠道、政府支持、营销挑战、教育、技术和管理技能，按发生顺序排列。创业生态系统也对这些因素与创业发展的关系产生了非常积极的影响。实践意义本文分析了影响创业发展的因素，并提出了建议。独创性/价值这项研究是全面的，因为我们从实际的企业家和孵化中心收集了数据，以解释企业家如何通过考虑他们的管理技能来启动他们的创业。因此，这项研究的独特之处在于，数据来自南亚增长最快的经济体之一新开发的孵化中心。

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引用次数: 5

Does debt heterogeneity impact firm value? Evidence from an emerging context 债务异质性是否影响公司价值?来自新兴背景的证据

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-04-29 DOI: 10.1108/sajbs-06-2020-0179

Amit Tripathy, Shigufta Hena Uzma

Purpose

The present paper attempts to explain the impact of debt diversification and various debt financing sources on firm value. The paper also aims to address the long-run causality of various factors affecting firm value.

Design/methodology/approach

The study employs a dynamic panel data model for a sample of 233 listed firms from 2010 to 2019. Two-step generalized method of moments (GMM) is devised to study the impact of firm-specific factors on firm value.

Findings

The study establishes a negative impact of debt diversification on firm value. Further, the results also signal how the choice of debt instruments has a heterogeneous effect on firm value. Non-bank debt leads to a discount in firm value, while bank debt has no effect on firm value. The long-run determinants of firm value are debt ratio, tangibility and liquidity.

Research limitations/implications

The findings of the study would aid the mangers in making informed decisions regarding the debt financing structure. Too much reliance on non-bank debt instruments leads to a negative impact on firm value. Therefore careful evaluation is necessary before accessing multiple debt sources.

Originality/value

Debt heterogeneity is globally established; however, its presence in the Indian context has not been validated extensively. The study not only validates the existence of debt diversification but also investigates how individual debt instruments affect firm value that is yet to be examined in the Indian context.

目的本文试图解释债务多元化和各种债务融资来源对企业价值的影响。本文还旨在探讨影响企业价值的各种因素之间的长期因果关系。设计/方法/方法本研究采用动态面板数据模型，以2010 - 2019年233家上市公司为样本。提出了两步广义矩量法(GMM)来研究企业特定因素对企业价值的影响。研究发现债务多元化对企业价值存在负向影响。此外，研究结果还表明，债务工具的选择如何对企业价值产生异质影响。非银行债务导致企业价值的贴现，而银行债务对企业价值没有影响。企业价值的长期决定因素是负债率、有形资产和流动性。研究的局限性/启示研究结果将有助于管理者就债务融资结构做出明智的决策。过度依赖非银行债务工具会对企业价值产生负面影响。因此，在获得多种债务来源之前，有必要进行仔细评估。原创性/价值债务异质性是全球性的;然而，它在印度的存在并没有得到广泛的证实。这项研究不仅证实了债务多样化的存在，而且还调查了个别债务工具如何影响公司价值，这在印度的情况下还有待研究。

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引用次数: 1

The heterogeneous impact of leverage on firm performance: empirical evidence from Bangladesh 杠杆对公司业绩的异质性影响：来自孟加拉国的经验证据

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-02-19 DOI: 10.1108/sajbs-04-2020-0100

Nirmol Chandra Das, Mohammad Ashraful Ferdous Chowdhury, Md. Nazrul Islam

Purpose

The purpose of this study primarily is to investigate the heterogeneous effect of leverage on performance of the listed nonfinancial joint stock companies in Bangladesh.

Design/methodology/approach

A large panel sample of 165 listed nonfinancial firms under different industries of Bangladesh studied for the period 2007–2016 employing the dynamic panel approaches, namely, differenced generalized method of moments (GMM) and system GMM. The asymmetric relationship between leverage and performance is also examined by quantile regression approach.

Findings

GMM showed that the leverage indicators have the negative impact on the performance of the firms in terms of return on equity and return on asset while the quantile regressions revealed the heterogeneous relationship between leverage and profitability. It showed that greater negative impact of leverage on performance in high-profitable firms than low-profitable firms.

Research limitations/implications

The study is confined to only the listed nonfinancial joint-stock companies of Bangladesh.

Practical implications

The asymmetric relationship between leverage and financial performance identified in this study would be the helpful tool for financial managers for optimal capital structure decisions.

Originality/value

This is one of the first in-depth attempts to find the nonlinear heterogeneous effect of leverage on firms' performance.

本研究的主要目的是调查杠杆对孟加拉国上市非金融股份公司绩效的异质性影响。采用动态面板方法，即差分广义矩法（GMM）和系统 GMM，对孟加拉国不同行业的 165 家上市非金融公司进行了 2007-2016 年期间的大样本面板研究。研究结果GMM 表明，杠杆指标对企业在股本回报率和资产回报率方面的表现有负面影响，而量化回归则揭示了杠杆与盈利能力之间的异质性关系。研究局限性/意义本研究仅限于孟加拉国上市的非金融股份公司。实践意义本研究发现的杠杆与财务业绩之间的非对称关系将成为财务经理做出最优资本结构决策的有用工具。

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引用次数: 0

Innovation and entrepreneurship amidst coronavirus: a hybrid innovation network response 冠状病毒背景下的创新创业:混合创新网络应对

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2021-02-10 DOI: 10.1108/SAJBS-05-2020-0135

S. Sahasranamam

PurposeThis article aims to discuss adaptation of innovation network during crisis, using the context of an Indian state’s response during early stages of the COVID-19 pandemic.Design/methodology/approachThe article is based on a combination of data from public sources and interviews with entrepreneurs and innovators from an Indian state obtained during the period January–May 2020.FindingsA hybrid innovation network approach with low barriers between the triple helix agents and a non-linear approach to innovation shaped the response of an Indian state toward the pandemic.Originality/valueThis article serves as a case study for innovation network response during initial periods of a crisis such as COVID-19.

本文旨在以印度某邦在COVID-19大流行早期阶段的应对为背景，讨论危机期间创新网络的适应问题。本文基于2020年1月至5月期间从公共来源获得的数据以及对印度一个邦的企业家和创新者的采访。三螺旋媒介之间低壁垒的混合创新网络方法和非线性创新方法塑造了印度政府对大流行病的反应。原创性/价值本文作为创新网络在COVID-19等危机初期反应的案例研究。

引用次数: 2

The influence of the factors on growth of women entrepreneurship in small and medium scale business enterprises: a case study of women entrepreneurship in Negombo 影响中小企业中妇女创业成长的因素:以尼甘布妇女创业为例

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2020-12-30 DOI: 10.4038/jbs.v7i2.60

R. Sivashanker

引用次数: 0

Use of social media and academic performance of students: evidence from undergraduate students in University of Jaffna, Sri Lanka 社交媒体的使用与学生的学习成绩:来自斯里兰卡贾夫纳大学本科生的证据

IF 2.4 Q3 BUSINESS

South Asian Journal of Business Studies

Pub Date : 2020-12-30 DOI: 10.4038/jbs.v7i2.61

D. Suganya, L. Kengatharan, R. Yogendrarajah

This study attempts to examine the impact of use of social media on academic performance of students. Primary data was collected from sample of hundred and eighty students who were following degree of Bachelor of Business Administration programme in faculty of management studies and commerce, University of Jaffna from first year to final year. Use of social media is measured using different dimensions such as time duration, addictiveness, exposure and nature of usage, while overall Grade Point Average is used to measure academic performance of the students issuing structured questionnaires. Descriptive statistics, correlation analysis, multiple regression analysis and ANOVA test were employed to analyse collected data for the study. Result revealed that time duration in use of social media and addictiveness to social media have significant negative impact on academic performance of students, however, exposure to social media and nature of usage don’t have any significant impact on academic performance of students. Further, it was found that there is no significant difference in using hours of social media for educational and non-educational purpose among the students studying in different years. Finding of the study may lead the students to manage their valuable time spending in social media without negatively impact on their academic performance. The students may be encouraged to enhance their academic performance by using social media much more for educational purpose.

本研究试图检验使用社交媒体对学生学业成绩的影响。主要数据收集自180名在贾夫纳大学管理研究和商业学院攻读工商管理学士学位课程的学生，从第一年到最后一年的样本。社交媒体的使用是通过不同的维度来衡量的，比如持续时间、上瘾程度、曝光率和使用性质，而总体平均成绩是用来衡量学生的学习成绩，并发布结构化问卷。采用描述性统计、相关分析、多元回归分析和方差分析对收集到的资料进行分析。结果发现，使用社交媒体的时长和社交媒体成瘾程度对学生的学习成绩有显著的负面影响，而接触社交媒体和使用社交媒体的性质对学生的学习成绩没有显著影响。此外，我们还发现，不同年级的学生在使用社交媒体用于教育和非教育目的的时间上没有显著差异。该研究的发现可能会引导学生管理他们在社交媒体上花费的宝贵时间，而不会对他们的学习成绩产生负面影响。可以鼓励学生通过更多地出于教育目的使用社交媒体来提高他们的学习成绩。

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引用次数: 0