Pub Date : 2021-01-01DOI: 10.51865/eitc.2021.01.06
A. Musah, M. Aryeetey
The price of a company’s share represents investors’ confidence in the future profitability of the company and also used to represent the value of shareholders’ wealth The study examined factors that influence share price of firms listed on the Ghana stock Exchange. The study specifically examined firm specific factors, book ratios and macroeconomic factors that influence share price of listed firms in Ghana. The firm-specific variables include firm size and the firm being a financial institution. The book ratios used in the study include earnings per share, debt ratio, return on assets, return on equity and dividend per share. The macroeconomic variables include economic growth, inflation rate and interest rate. The study sampled 21 firms over a 10-year period, from 2009 to 2018. The study used descriptive statistics, correlation analysis and panel regression analysis to achieve the objectives of the study. The results of the study show that firm-specific variables such as firm size and the firm being financial institution were positive and statistically significant determinants of share price of listed firms in Ghana. The book ratios of debt to asset ratio, return on asset and return on equity were statistically insignificant association with share price of firms listed on the Ghana Stock Exchange. Other book ratios, such as earnings per share and dividend per share, were positively associated and statistically significant with share price of the sampled firms listed on the Ghana Stock Exchange. On the macroeconomic variables, only economic growth was positively associated with share price and statistically significant at 10% significance level. The other variables – inflation and interest rate – were statistically insignificant. The results show that book or investment ratios are the main determinants of share price for firms listed on the Ghana Stock Exchange.
{"title":"Determinants of Share Price of Listed Firms in Ghana","authors":"A. Musah, M. Aryeetey","doi":"10.51865/eitc.2021.01.06","DOIUrl":"https://doi.org/10.51865/eitc.2021.01.06","url":null,"abstract":"The price of a company’s share represents investors’ confidence in the future profitability of the company and also used to represent the value of shareholders’ wealth The study examined factors that influence share price of firms listed on the Ghana stock Exchange. The study specifically examined firm specific factors, book ratios and macroeconomic factors that influence share price of listed firms in Ghana. The firm-specific variables include firm size and the firm being a financial institution. The book ratios used in the study include earnings per share, debt ratio, return on assets, return on equity and dividend per share. The macroeconomic variables include economic growth, inflation rate and interest rate. The study sampled 21 firms over a 10-year period, from 2009 to 2018. The study used descriptive statistics, correlation analysis and panel regression analysis to achieve the objectives of the study. The results of the study show that firm-specific variables such as firm size and the firm being financial institution were positive and statistically significant determinants of share price of listed firms in Ghana. The book ratios of debt to asset ratio, return on asset and return on equity were statistically insignificant association with share price of firms listed on the Ghana Stock Exchange. Other book ratios, such as earnings per share and dividend per share, were positively associated and statistically significant with share price of the sampled firms listed on the Ghana Stock Exchange. On the macroeconomic variables, only economic growth was positively associated with share price and statistically significant at 10% significance level. The other variables – inflation and interest rate – were statistically insignificant. The results show that book or investment ratios are the main determinants of share price for firms listed on the Ghana Stock Exchange.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84843204","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 : 2021-01-01DOI: 10.51865/eitc.2021.03.02
T. Aderemi, S. Olowo, B. Osisanwo, O. Omoyele
This study examined the relationship between FDI inflows and poverty reduction vis-à-vis Human Development Index in which majority of past studies have not fully explored in Nigeria. Data were extracted from secondary sources with application of ARDL and Bounds test technique. The major findings that came up in this study are as follows; FDI net inflows had an insignificant negative relationship with GDP per capita that measures welfare of the people in terms of the socio-economic benefits in Nigeria. Similarly, net FDI inflows had a negative but insignificant relationship with literacy rate, which measures welfare of the people in terms of educational attainment. Whereas, net FDI inflows had an insignificant positive relationship with life expectancy which measures welfare of the people in terms of health. Consequently, steaming from the principal findings that emerged in this work, the following recommendations are therefore made for the policy makers in Nigeria. When the Nigerian policy makers want to address poverty holistically in the country, the human development variables should be targeted. Also, policy measures that would stimulate FDI inflows into the country should be encouraged, and FDI inflows in the country should be utilized maximally in order to bring poverty reduction in the country in the short run.
{"title":"Reinvestigating Foreign Direct Investment and Poverty Nexus: any Difference with the Nigerian Human Development?","authors":"T. Aderemi, S. Olowo, B. Osisanwo, O. Omoyele","doi":"10.51865/eitc.2021.03.02","DOIUrl":"https://doi.org/10.51865/eitc.2021.03.02","url":null,"abstract":"This study examined the relationship between FDI inflows and poverty reduction vis-à-vis Human Development Index in which majority of past studies have not fully explored in Nigeria. Data were extracted from secondary sources with application of ARDL and Bounds test technique. The major findings that came up in this study are as follows; FDI net inflows had an insignificant negative relationship with GDP per capita that measures welfare of the people in terms of the socio-economic benefits in Nigeria. Similarly, net FDI inflows had a negative but insignificant relationship with literacy rate, which measures welfare of the people in terms of educational attainment. Whereas, net FDI inflows had an insignificant positive relationship with life expectancy which measures welfare of the people in terms of health. Consequently, steaming from the principal findings that emerged in this work, the following recommendations are therefore made for the policy makers in Nigeria. When the Nigerian policy makers want to address poverty holistically in the country, the human development variables should be targeted. Also, policy measures that would stimulate FDI inflows into the country should be encouraged, and FDI inflows in the country should be utilized maximally in order to bring poverty reduction in the country in the short run.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"95 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89844805","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 : 2021-01-01DOI: 10.51865/eitc.2021.03.07
C. Ene
In the last few years, but even more so given the context the COVID-19 pandemic, a large series of global and local changes have occurred in all areas of life, including the way food is perceived and procured. The orientation towards local food as a preferred choice has gained more followers which are interested in economic, social and environmental effects of the way the world uses all kinds of resources to meet its nutritional needs. Local food involves a special kind of food systems approach in terms of determining factors and resulting implications for all actors involved. The paper deals with emphasizing different aspects of local food systems, including both agri-food producers and consumer’s drivers together with the effects of rethinking the way people choose to procure their food. The link to sustainable development is clearly highlighted using the multiple implications of this agri-food system upon different sectors and dimensions.
{"title":"Are Local Food Systems Vectors of Sustainable Choices?","authors":"C. Ene","doi":"10.51865/eitc.2021.03.07","DOIUrl":"https://doi.org/10.51865/eitc.2021.03.07","url":null,"abstract":"In the last few years, but even more so given the context the COVID-19 pandemic, a large series of global and local changes have occurred in all areas of life, including the way food is perceived and procured. The orientation towards local food as a preferred choice has gained more followers which are interested in economic, social and environmental effects of the way the world uses all kinds of resources to meet its nutritional needs. Local food involves a special kind of food systems approach in terms of determining factors and resulting implications for all actors involved. The paper deals with emphasizing different aspects of local food systems, including both agri-food producers and consumer’s drivers together with the effects of rethinking the way people choose to procure their food. The link to sustainable development is clearly highlighted using the multiple implications of this agri-food system upon different sectors and dimensions.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"141 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74936687","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 : 2021-01-01DOI: 10.51865/eitc.2021.03.01
Carlton Brown, U. Nwagbara
In recent decades, effective leadership theorising, perceptions and studies have shifted attention to interpersonal skills and the leader’s capacity to inspire, encourage and motivate subordinates as well as create and maintain a sense of positive contribution to the whole of the organisation. This conceptualisation is in sharp contrast to prior studies and conceptualisations resonating with controlling, planning and target-oriented leadership. Consequently, this article takes as its premise the relationship between emotional intelligence (leading with the heart) and transformational leadership within the purview of COVID-19 (coronavirus) pandemic challenges. It is thus argued here that in times of crisis that humanity (and the organisation specifically) is faced with at the moment unleashed by COVID-19 pandemic challenges, a style of leadership that takes as its focal point emotional intelligence mediated by transformational leadership can be instrumental in leading business organisation through this epoch. The methodology used here is steeped in cursory look at prior, relevant literature on these phenomena and how it helps to inform a conceptual framework that could help in shedding new light on how to confront the challenges of Covid-19 through effective leadership. This paper concludes that in times of crisis – particularly the one ushered in by Covid-19 – a medley of emotional intelligence and transformational leadership is necessary to drive effective change for organisation, which would help them to bounce back and operate profitably and sustainably.
{"title":"Leading Change with the Heart: Exploring the Relationship between Emotional Intelligence and Transformational Leadership in the Era of Covid-19 Pandemic Challenges","authors":"Carlton Brown, U. Nwagbara","doi":"10.51865/eitc.2021.03.01","DOIUrl":"https://doi.org/10.51865/eitc.2021.03.01","url":null,"abstract":"In recent decades, effective leadership theorising, perceptions and studies have shifted attention to interpersonal skills and the leader’s capacity to inspire, encourage and motivate subordinates as well as create and maintain a sense of positive contribution to the whole of the organisation. This conceptualisation is in sharp contrast to prior studies and conceptualisations resonating with controlling, planning and target-oriented leadership. Consequently, this article takes as its premise the relationship between emotional intelligence (leading with the heart) and transformational leadership within the purview of COVID-19 (coronavirus) pandemic challenges. It is thus argued here that in times of crisis that humanity (and the organisation specifically) is faced with at the moment unleashed by COVID-19 pandemic challenges, a style of leadership that takes as its focal point emotional intelligence mediated by transformational leadership can be instrumental in leading business organisation through this epoch. The methodology used here is steeped in cursory look at prior, relevant literature on these phenomena and how it helps to inform a conceptual framework that could help in shedding new light on how to confront the challenges of Covid-19 through effective leadership. This paper concludes that in times of crisis – particularly the one ushered in by Covid-19 – a medley of emotional intelligence and transformational leadership is necessary to drive effective change for organisation, which would help them to bounce back and operate profitably and sustainably.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"149 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76731055","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 : 2021-01-01DOI: 10.51865/eitc.2021.03.08
Abiodun Samuel Isayomi, T. Akintunde
Developing countries in the factor-driven stage of development are usually bedevilled by domestic supply-side constraints which hinder translation of their comparative advantages to development. This study examines the domestic supply-side determinants to intra-Africa export performance in selected African countries. The study analysed 1994 to 2019 panel data of the biggest economies in each of the five African sub-regions, using pooled mean group (PMG) technique. The result from the study revealed capital formation, institutional quality, macroeconomic stability, technology adoption and infrastructure as significant long-run determinants of intra-Africa export performance while size of labour force was found to be insignificant long-run determinant of intra-Africa export share. All short-run coefficients of explanatory variables except one period lag of infrastructure and capital formation were insignificant. The coefficient of error correction term was negative and statistically significant. Based on the findings of this study macroeconomic stability, infrastructural development, pro-market institutions, capital formation and technology adoption are imperative for intra-Africa export performance in the studied countries.
{"title":"The Determinants of Intra-Africa Export Performance in Selected African Countries","authors":"Abiodun Samuel Isayomi, T. Akintunde","doi":"10.51865/eitc.2021.03.08","DOIUrl":"https://doi.org/10.51865/eitc.2021.03.08","url":null,"abstract":"Developing countries in the factor-driven stage of development are usually bedevilled by domestic supply-side constraints which hinder translation of their comparative advantages to development. This study examines the domestic supply-side determinants to intra-Africa export performance in selected African countries. The study analysed 1994 to 2019 panel data of the biggest economies in each of the five African sub-regions, using pooled mean group (PMG) technique. The result from the study revealed capital formation, institutional quality, macroeconomic stability, technology adoption and infrastructure as significant long-run determinants of intra-Africa export performance while size of labour force was found to be insignificant long-run determinant of intra-Africa export share. All short-run coefficients of explanatory variables except one period lag of infrastructure and capital formation were insignificant. The coefficient of error correction term was negative and statistically significant. Based on the findings of this study macroeconomic stability, infrastructural development, pro-market institutions, capital formation and technology adoption are imperative for intra-Africa export performance in the studied countries.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"37 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74503795","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 : 2021-01-01DOI: 10.51865/eitc.2021.04.04
Y. Ayeni, Oludayo Elijah Adekunle
This study investigated the effects of COVID-19 pandemic on the activities and performance of microfinance banks with special focus on South West Region of Nigeria. Data were collected from 100 heads of department selected from 20 randomly picked microfinance banks. Data were analyzed with simple percentage and regression technique. It was discovered that, COVID-19 impedes the activities of microfinance banks through loans repayment, deposit mobilization, customers, patronage, operational efficiency, and nonperforming loans. The study concluded that, COVID-19 imposed constraints on the activities of microfinance banks which negatively affect financial performance. It was suggested that, there is need for quick response of regulatory authorities to microfinance banks. Financial and regulatory supports should to stop the declining activities of microfinance banks because microfinance banks play supporting role to small business and less privilege in the economy. There is need for the digitization of microfinance banks' activities to cushion the negative effects of future pandemic. Periodic review should be undertaken to monitor and uncover threats in the loan portfolios, liquidity position, and financial statements of MFBs for quick policy initiatives and innovations.
{"title":"COVID-19 and Microfinance Banks in Nigeria","authors":"Y. Ayeni, Oludayo Elijah Adekunle","doi":"10.51865/eitc.2021.04.04","DOIUrl":"https://doi.org/10.51865/eitc.2021.04.04","url":null,"abstract":"This study investigated the effects of COVID-19 pandemic on the activities and performance of microfinance banks with special focus on South West Region of Nigeria. Data were collected from 100 heads of department selected from 20 randomly picked microfinance banks. Data were analyzed with simple percentage and regression technique. It was discovered that, COVID-19 impedes the activities of microfinance banks through loans repayment, deposit mobilization, customers, patronage, operational efficiency, and nonperforming loans. The study concluded that, COVID-19 imposed constraints on the activities of microfinance banks which negatively affect financial performance. It was suggested that, there is need for quick response of regulatory authorities to microfinance banks. Financial and regulatory supports should to stop the declining activities of microfinance banks because microfinance banks play supporting role to small business and less privilege in the economy. There is need for the digitization of microfinance banks' activities to cushion the negative effects of future pandemic. Periodic review should be undertaken to monitor and uncover threats in the loan portfolios, liquidity position, and financial statements of MFBs for quick policy initiatives and innovations.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82898984","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 : 2021-01-01DOI: 10.51865/eitc.2021.04.07
Adrian Petre, Marta-Christina Suciu
This scientific article represents an empirical research on the smart and sustainable development of Romania after the accession to the European Union. The main objective is to determine the current state of smart development of the four macro-regions of our country and to identify possible solutions for improving the performance and reducing the gaps. The research methodology applied in this case is based on critical comparative analysis, and statistical data. The results from the first part of the research shows, on the one hand, that between the macro-regions of the country there are gaps in terms of smart and sustainable development, and the highest performances are registered at the level of Macroregion three. On the other hand, the results show large gaps with Austria (performer in the smart development) with most of the dimensions characteristic of the smart regions / cities considered by us in this research. The results of the second part of the research demonstrates that the level of competitiveness has a decisive role in supporting the process of smart development and reducing gaps at national and international level, and stimulating innovation is essential for achieving the goal of smart, sustainable and inclusive long-term development.
{"title":"Correlation Between Regional Competitiveness and Smart Regions","authors":"Adrian Petre, Marta-Christina Suciu","doi":"10.51865/eitc.2021.04.07","DOIUrl":"https://doi.org/10.51865/eitc.2021.04.07","url":null,"abstract":"This scientific article represents an empirical research on the smart and sustainable development of Romania after the accession to the European Union. The main objective is to determine the current state of smart development of the four macro-regions of our country and to identify possible solutions for improving the performance and reducing the gaps. The research methodology applied in this case is based on critical comparative analysis, and statistical data. The results from the first part of the research shows, on the one hand, that between the macro-regions of the country there are gaps in terms of smart and sustainable development, and the highest performances are registered at the level of Macroregion three. On the other hand, the results show large gaps with Austria (performer in the smart development) with most of the dimensions characteristic of the smart regions / cities considered by us in this research. The results of the second part of the research demonstrates that the level of competitiveness has a decisive role in supporting the process of smart development and reducing gaps at national and international level, and stimulating innovation is essential for achieving the goal of smart, sustainable and inclusive long-term development.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"52 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74858531","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 : 2021-01-01DOI: 10.51865/eitc.2021.02.02
Emerson Abraham Jackson
The emergence of COVID-19 has made it ever more onerous for the world economy to rethink the way things are done and to be done. The need and almost compulsory way of services being catered for will never have been made so practically obvious without the influence of a pandemic like COVID-19. The world at some point in time was almost brought to a standstill, with services pertaining to supply-chain deliverables, education / professional development and many more almost brought to a halt. This paper has the platform for critically assessing the pathway SSA economies (SSA) should follow, notably creativity in new technologies, while adopting a stance on ISI approach in order to reduce its reliance on the importation of essential commodities, which seem to have been a worrying concern throughout the crisis of COVID-19. Suggestions for SSA economies to embrace the notion of creative destruction is the focal point in this paper for the realization of growth and development, while at the same time harnessing the power of human integrity to champion competitive innovation.
{"title":"Creative Destruction Theory Space as the Ultimate End for post-COVID-19 Recovery in Sub-Saharan Africa","authors":"Emerson Abraham Jackson","doi":"10.51865/eitc.2021.02.02","DOIUrl":"https://doi.org/10.51865/eitc.2021.02.02","url":null,"abstract":"The emergence of COVID-19 has made it ever more onerous for the world economy to rethink the way things are done and to be done. The need and almost compulsory way of services being catered for will never have been made so practically obvious without the influence of a pandemic like COVID-19. The world at some point in time was almost brought to a standstill, with services pertaining to supply-chain deliverables, education / professional development and many more almost brought to a halt. This paper has the platform for critically assessing the pathway SSA economies (SSA) should follow, notably creativity in new technologies, while adopting a stance on ISI approach in order to reduce its reliance on the importation of essential commodities, which seem to have been a worrying concern throughout the crisis of COVID-19. Suggestions for SSA economies to embrace the notion of creative destruction is the focal point in this paper for the realization of growth and development, while at the same time harnessing the power of human integrity to champion competitive innovation.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"273 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79984980","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 : 2021-01-01DOI: 10.51865/eitc.2021.03.09
M. Stefan, A. Brezoi
Organizational performance is one of the most important topics in specialized research and can be considered the most important indicator of an organization's success. Performance in the enterprise expresses not only the decrease of the cost-value pair, but everything that brings to the fore its efficiency and effectiveness, materialized in indicators. Performance management is a specialized form of general management that focuses on increasing performance in the organization, a process based on a specific system of principles and rules, methods, techniques and tools.
{"title":"Ensuring Performance - A Permanent Challenge for Public Sector Organizations","authors":"M. Stefan, A. Brezoi","doi":"10.51865/eitc.2021.03.09","DOIUrl":"https://doi.org/10.51865/eitc.2021.03.09","url":null,"abstract":"Organizational performance is one of the most important topics in specialized research and can be considered the most important indicator of an organization's success. Performance in the enterprise expresses not only the decrease of the cost-value pair, but everything that brings to the fore its efficiency and effectiveness, materialized in indicators. Performance management is a specialized form of general management that focuses on increasing performance in the organization, a process based on a specific system of principles and rules, methods, techniques and tools.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81607943","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 : 2021-01-01DOI: 10.51865/eitc.2021.01.04
Constantin Anghelache, M. Anghel, Ș. Iacob
"The classic problem of optimizing a portfolio can be extended to a multi-stage programming problem. The purpose of the multi-period portfolio optimization problem is to determine the optimal portfolio for a certain finite time horizon. In a multi-period model in which investors are allowed to change the composition of the portfolio, it is essential to take into account trading costs, a solution in this regard being the use of tree-type scenarios. The study undertaken by the authors considered the construction of a portfolio optimization model in case there is a certain constraint on returns. ARMA type processes were used to model the conditional mean equation."
{"title":"Econometric Model Used in the Portfolio Optimization over Several Periods","authors":"Constantin Anghelache, M. Anghel, Ș. Iacob","doi":"10.51865/eitc.2021.01.04","DOIUrl":"https://doi.org/10.51865/eitc.2021.01.04","url":null,"abstract":"\"The classic problem of optimizing a portfolio can be extended to a multi-stage programming problem. The purpose of the multi-period portfolio optimization problem is to determine the optimal portfolio for a certain finite time horizon. In a multi-period model in which investors are allowed to change the composition of the portfolio, it is essential to take into account trading costs, a solution in this regard being the use of tree-type scenarios. The study undertaken by the authors considered the construction of a portfolio optimization model in case there is a certain constraint on returns. ARMA type processes were used to model the conditional mean equation.\"","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"91 3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83657142","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}