Economics Commons^™

The Economic Extension And Advisory System And Its Role In Advancing The Private Sector (Case Study: African Countries), Sharaf Ahmed, Muhammad Sewalim

Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث

The paper aimed to highlight the importance of adopting an economic extension and advisory system to promote the growth of the private sector in the African countries. To achieve this purpose, a sample of 384 employees affiliated with the private sector in several African countries was surveyed. To analyze the results of the survey, the descriptive analytical method was used. The study concluded that there were no statistically significant differences regarding the importance of the economic extension and advisory system in promoting the growth of the private sector in the African countries and it is essential for the governments to …

Criticizing The Asset Repatriation Policy For Tax Amnesty In Indonesia: An Interpretive And Comparative Study, Nidya Hapsari

Jurnal Vokasi Indonesia

Indonesia finds tax amnesty as a reliable funding alternative to develop a sustainable economy. Since 1964, Indonesia has implemented five tax amnesty programs. The latest two programs would offer lower amnesty compensation rates if taxpayers repatriated offshore assets back to Indonesia. However, the tax amnesty repatriation policy merely contributed minimal amounts of repatriated assets and low number of participants. Consequently, it failed to raise sufficient liquidity, fiscal revenues, tax compliance and economic growth. Hence, the study aims to (1) determine the justification and mechanism for the asset repatriation policy and (2) criticize the repatriation policy implementation. Applying interpretive and comparative …

Can Corporate Sustainability Performance (Csp) Overcome Indonesia's Corporate Debt Problems?, Johnson Ferry Febrian, Nora Sri Hendriyeni

Jurnal Akuntansi dan Keuangan Indonesia

Based on IMF publications (2022), Indonesian companies have a risky debt level that may cause bankruptcy, so companies are required to make leverage adjustments to return the debt to its optimal level. In recent years, corporate sustainability performance (CSP) practices have been proven to improve performance and overcome financial problems such as debt by integrating sustainability aspects into business processes. Based on stakeholder theory and trade-off theory, this study aims to examine the effect of CSP on leverage adjustment and the role of competitive advantage, equity mispricing, profitability, and firm size in moderating this relationship. This study used a sample …

Comparative Study Of Halal Certification Mechanism: Indonesia, Malaysia And Mexico, Faiz Nur Faiqoh, Nur Fatwa

Journal Of Middle East and Islamic Studies

This research was conducted to examine the handling and procedures for halal certification at halal certification institution in Indonesia, Malaysia as a Muslim-majority country and Mexico as a Muslim-minority country, and to analyze using the SWOT approach. Halal product certification in Indonesia is carried out by the Halal Product Guarantee Agency (BPJPH) under the auspices of the government (Ministry of Religion). The aim is to provide guarantees to the community, especially Muslims from the products consumed. And in Malaysia it is carried out by JAKIM (Department of Islamic Development Malaysia) under the post of prime minister of Malaysia. While in …

Pengaruh Proses Recovery Klaim Terhadap Pembayaran Klaim Nasabah, Aulia Yasmin, Karin Amelia Safitri, Fachri Muslim

Jurnal Administrasi Bisnis Terapan

This final project discusses the recovery process policy at PT Takaful Umum and its impact on the effectiveness of the company's risk management. The research method involves a literature study and interviews with several employees. It was found that the current policy at PT Takaful Umum still needs improvement (digitalization) related to the recovery process, including direct claim payments to customers before billing to reinsurance companies, as well as billing methods that are still considered lacking by reinsurance companies. Comparisons with the policies of several companies show significant differences in approach, where claims are submitted to the reinsurance company first …

Comparison Of Value At Risk Using Historical And Monte Carlo Methods On Pt Xyz Stock Portofolio, Eka Fitriani, Yulial Hikmah, Ira Rosianal Hikmah

Jurnal Administrasi Bisnis Terapan

One way to achieve profits in a company is through investment activities. However, everything has risks. Investing can also be risky. Therefore, the relationship between risk and investment is important because it will influence the determination of investment selection. The problem faced by investors is choosing an efficient portfolio, or a portfolio that provides the smallest risk. This risk can be done by measuring risk, one of which is using the Value at Risk (VaR) measure. Measurement using Value at Risk has several methods that are quite popular, namely the Historical Method, Variance-Covariance, and Monte Carlo. In this research, the …

Analyzing Legal And Economic Barriers Faced By Handicraft Enterprises In E-Commerce Adoption: Evidence From Uttar Pradesh, India, Sandhya Dwivedi, Jaya Prakash Pradhan

Arab Economic and Business Journal

In recent years, the rise of e-commerce has revolutionized the way businesses operate across various sectors. Handicraft enterprises, too, have experienced tremendous growth through the adoption of e-commerce platforms. Through this study, we tried to achieve research objectives and shed light on the specific barriers and challenges that handicraft enterprises face when it comes to adopting e-commerce and how it has impacted their market access. Through the utilization of a framework for understanding barriers and challenges, the study aims to develop a comprehensive understanding of the barriers hindering e-commerce adoption in the handicraft industry. Primary data was collected from 545 …

The Role Of Transformational Leadership And Job Satisfaction In Change Readiness In Petrochemical Industry Of Saudi Arabia, Maram Alshahrani, Harris Siddiqi Tahir, Bassem Emile Maamari, Beverley Mcnally

Arab Economic and Business Journal

Neglecting an organization’s readiness for change may have far-reaching influence on the success of a change process. This study investigates two factors that impact organizational change success, leadership and job satisfaction. The aim of study is to examine the relationship between transformational leadership, job satisfaction, and change readiness in the Saudi petrochemical industry context. The results reveal that change readiness increases job satisfaction of employees when leaders apply the principles of transformational leadership. The findings have implications for HR practitioners in designing leadership development programs to ensure job satisfaction, better and desired outcomes from an organizational change program.

The Relationship Between Microfinance Bank And Economic Growth In Nigeria, Muhammad-Bashir Owolabi Yusuf, Ridwan Olabisi Yusuff, Daud Ishola Jimoh

Arab Economic and Business Journal

The goal of this study was to investigate how Nigeria's economy and microfinance banks are related, using time series data from 1992 to 2021. The relationship was assessed using the ARDL model. Short-term negative relationship exists between Microfinance Bank Asset and Economic growth. Specifically, the results indicate that a rise in the assets of microfinance banks (MFBA) will slow Nigeria's economic expansion. Economic growth in Nigeria is considerable and favorably correlated with microfinance banks loans and advances. Finally, it was clear that there is a long-run equilibrium link between economic growth, microfinance banks' assets and their loans and advances.

A Systematic Literature Review On Overconfidence And Related Biases Influencing Investment Decision Making, Uttam Karki, Vaneet Bhatia, Dheeraj Sharma

Economic and Business Review

In the current market scenario, it has been observed that biases are among the most significant factors influencing investment decisions. Among these biases, overconfidence is a common phenomenon managers tend to exhibit while making decisions. To understand the role of overconfidence bias in investment decision making, this study thoroughly scrutinizes and consolidates the current research on overconfidence bias. To achieve the objective, this study performs a systematic review of literature utilizing the PRISMA approach and examines 92 journal articles published in the last 20 years. Results suggest that the other two biases—hindsight and confirmation—are related to overconfidence bias. In addition, …

Firm-Level, Macroeconomic, And Institutional Determinants Of Firm Growth: Evidence From Europe, Anže Burger, Andreja Jaklič, Klemen Knez, Patricia Kotnik, Matija Rojec

Economic and Business Review

To examine the main drivers of firm growth, we estimated a model integrating firm-level, industry-specific as well as country-level determinants, aiming at a comprehensive explanation of firm growth. We used a large dataset of European firms for the 2005–2017 period and combined Amadeus firm-level data with macroeconomic variables and multidimensional measures of institutional framework, based on a range of sources. Using different panel regression model specifications, we found the most consistent relationships for firm-level determinants. Among country-level determinants, infrastructure quality, inward FDI, natural resources, and inequality show a consistently positive and significant relation with firm growth.

The Relationship Between Culture, Sustainable Use Of Resources, And Financial Performance: An Institutional And Natural-Resource-Based Perspective, Deon H. Engelke, Noel J. Pearse, Fabio M. Correa, Frederick O. Skae

Economic and Business Review

Modelling a dataset of 5230 globally listed firms through two statistical approaches reflecting the primary principles of Natural-Resource-Based Theory and Institutional Theory, respectively, this study provides evidence that sustainability initiatives developed by firms are being rewarded in the form of improved Corporate Financial Performance (CFP). Culture has a significant influence on both firm sustainability performance, captured in ESG ratings, and CFP and also interacts with other variables, including industry sector and socio-economic development of a firm’s markets. This study is unique in hypothesising and statistically proving that sustainability is a mechanism that activates the potential of culture to produce CFP. …

Sustaining Digital Assets Through Mobile Estate Planning, Norliza Katuk, Asvinitha Muniandy, Norazlina Abd. Wahab, Ijaz Ahmad

An-Najah University Journal for Research - B (Humanities)

Many people own online accounts, with some having financial values like Internet banking, e-wallet and cryptocurrency. In the case of sudden death, their heirs are unaware of the digital assets possessed by the deceased person, which causes the assets to be lost forever, and the heirs might not receive the assets. If an estate plan did not account for digital assets properly, the beneficiaries would not be able to access them. Therefore, this paper addresses this issue by implementing a software development approach in designing a suitable model for sustaining digital assets through smartphones to allow the inheritance of digital …

Digital Currencies And Macroeconomic Performance: A Global Perspective, Tirimisiyu F. Oloko, Ahamuefula E. Ogbonna, Idris A. Adediran

Bulletin of Monetary Economics and Banking

In this study, we explore the IS-LM-BP framework in analysing the effect of digital currencies on macroeconomic performance from a global perspective. We augment the global macroeconomic dataset by Mohaddes and Raissi (2020) with digital currencies, and analyse the relationship between 2010Q1 and 2019Q4. Overall, we find digital currencies to have significantly positive short-run and no long-run impact on global output, inflation rate, interest rate, and equity stock return. Our results suggest that digital currencies have enhanced global macroeconomic performance, on average. Thus, we recommend that appropriate regulations, rather than an outright ban on digital currencies, should be implemented.

Beyond Ease Of Doing Business: The Impact Of Digital Integration On Economic Growth In The Arab World, Amale El Maiss

BAU Journal - Creative Sustainable Development

The Digital Quality of Business Index is an innovative tool for assessing the impact of digital transformation on economic growth in the Arab world, it has been introduced as part of this research. The DQOB index combines other critical elements to the ease of doing business, such as the Human Development Index (HDI), Foreign Direct Investment (FDI), and E-Government initiatives, unlike traditional metrics that focus solely on ease of doing business. The study reveals exceptional findings, based on analysis of panel data from 2004 to 2022 in a selection of countries across the Middle East using both fixed and unpredictable …

Latin American Participation In The Current Process Of Economic Globalization, Sullivan D. Padgett

Journal of Global Awareness

From World War II to the present, Latin America has participated in the current process of economic globalization to varying degrees. The Washington Consensus of the late twentieth century supplanted the region’s earlier model of state-led development and increased its participation in the global capitalist regime. However, Latin America has shown minimal participation in the current process of economic globalization since the late 2000s and, instead, espouses regionalization. Nevertheless, regionalization has proven to be an arduous undertaking in Latin America, especially with China’s increasing regional influence. Variations of benefits are discussed, and recommendations are offered. While the future of Latin …

Exploring Wasta And Religious Values And Principles: A Case Study Of Employee Engagement In The Uae Hospitality Sector, Reimara Valk, Lina Yousif, Lynne Mcgarvey

Arab Economic and Business Journal

The purpose of this paper is to explore the role of the socio-cultural concept ‘Wasta’ as well as religious values and principles in employee engagement in the hospitality industry in the United Arab Emirates, embedded in the country’s socio-economic, cultural and institutional context. This study investigates employee engagement through the theoretical lenses of Positive Psychology and Positive Organizational Scholarship. Drawing on data from semi-structured interviews and focus groups with 41 employees in the case study hotel in Dubai, findings from this case study research show that the manifestation of EE is influenced by a country’s religious and socio-cultural context.

Ijir Title Page And Table Of Contents Vol. 4(1), Kevin A. Griffin, Razaq Raj, Giovanni Ruggieri

International Journal of Islands Research

Title Page and Table of Contents for Vol. 4(2023), International Journal of Islands Research

Towards A Sustainable Planet: Review Of ‘Global Environmental Politics’ By Kütting And Herman (2018), Mona Safizadeh

Markets, Globalization & Development Review

Global Environmental Politics by Kütting and Herman (2018) explores our planet's complex challenges, urging collective action for sustainability. Across 13 chapters, the book explores sustainable consumption, the role of technology, and the impact of evolving economies on global politics. This comprehensive guide emphasizes the interconnectedness of environmental, social, and economic factors, offering insights for stakeholders to navigate toward a healthier future.

Beneath The Mask: The Performance Of Blackness And Economies Of Caricature In American Fiction, Terri Bowles

Markets, Globalization & Development Review

In American Fiction (2023), written for the screen and directed by Cord Jefferson, satire, drama and comedy frame a knife-sharp examination of America’s cultural reproductions of stereotype and caricature. The film, based on Percival Everett’s novel Erasure, explores the fraught professional position of Thelonious “Monk” Ellison (Jeffrey Wright), a professor-author pressed to write a bestseller amid family upheaval and financial strain. Monk’s resulting novel, a gritty send-up of urban tropism drafted in a fit of fury and frustration, exploits America’s fixation on commodifying and flattening Blackness—and becomes an instant hit. This review explores the film’s interrogations of race, class and …

Can Marketing Transcend Entrenched Gender Biases?, Thinh Nguyen

Markets, Globalization & Development Review

Through a feminist lens, Maclaran and Chatzidakis (2022) challenge conventional assumptions about gender, emphasizing its performative nature shaped by social practices rather than inherent traits. This commentary extends analyses of key themes such as gender performativity, the male gaze, and subject-object binaries within marketing. It critiques how marketing strategies reinforce existing power imbalances and systemic biases rooted in historical narratives. The writing also reflects on media interpretations of gender issues through films like 'Turning Red' and 'Barbie'. By contextualizing gendered marketing within broader societal frameworks, this writing contributes to ongoing dialogues in media studies, sociology, and gender studies, highlighting the …

Toils, Troubles, And Travesties Of Representation, Nikhilesh Dholakia, Deniz Atik

Markets, Globalization & Development Review

No abstract provided.

Get Smart About Your Money, Sharonda Singleton Brown, Imani Beverly, Jacquelyn J. Daniel

Georgia Library Quarterly

“Get Smart About Your Money” was an event held at the Atlanta University Center (AUC) Robert W. Woodruff Library for Money Smart Week 2023. The goal of the event was to introduce the new business librarian, promote financial literacy in the Atlanta University Center community, and participate in National Money Smart Week.

Understanding The Influences Of Hedonic Personality Towards Advertising Avoidance On Social Media, Diera Desmonda, So Yohanes Jimmy, Mohammad Annas

The South East Asian Journal of Management

Research Aims: This study aims to investigate and explore how the hedonic personality that exists in each individual can influence avoidance behaviour towards advertisements on social media platforms.

Design/Methodology/Approach: A quantitative approach with a purposive sampling technique was employed to collect data from 198 respondents who have shopped or at least searched for products on social media. The data were then analysed using the Structural Equation Modelling (SEM) technique.

Research Findings: The results showed that hedonic personality affected advertising avoidance behaviour. Through multigroup analysis, this research found differences in how men and women respond to an advertisement. On the other …

Disparities In Housing Affordability By Income, Housing Tenure, And Race In Us Census-Designated Regions, Jeffery S. Bredthauer, Javed Iqbal, Christopher Decker

Mountain Plains Journal of Business and Technology

This analysis demonstrates that there are significant regional disparities in housing affordability among US Census-designated regions, with the Northeast and West consistently bearing the highest costs. Over time, the burdens incurred by both owners and tenants have lessened, but renters' burdens have grown considerably. Furthermore, significant regional differences in severely cost-burdened households are highlighted. The Northeast has more severely cost-burdened households than the Midwest, South, or West. There are also significant ethnic differences: Asian Americans experience a slightly lower housing cost burden, while African Americans and Native Americans bear the greatest burden, followed by Hispanics. To address these problems, legislative …

Implementation Evaluation And Outlook Of Major Function Oriented Zone, Dong Chen, Baoyin Liu, Jie Fan, Daojing Zhou, Rui Guo, Zhao Wang, Jianxiong Wu

Bulletin of Chinese Academy of Sciences (Chinese Version)

Major Function Oriented Zone (MFOZ), an attempt and exploration aimed at ecological civilization during China’s industrial civilization period which is divided into two stages, the stage of MFOZ planning and the stage of the national strategy and basic institution before and after the 18th Communist Party of China (CPC) National Congress, and the main characteristics of both stages are analyzed. Since the 18th CPC National Congress, the strategic thinking of the MFOZ has been deeply rooted in the hearts of the people, the strategic pattern of the MFOZ has been basically formed, the development of the categorized MFOZ has achieved …

Layout Of Comprehensive Functional Regions And Recent Regional Guidelines In China, Fengjun Jin, Zhuo Chen, Jie Fan

Bulletin of Chinese Academy of Sciences (Chinese Version)

The overall strategy of the “four major sectors”, the regional major strategies and the major functional oriented zoning strategy have strongly supported the regional coordinated development in China. However, it also brings the risk of exacerbating the imbalance and incoordination of regional development due to strategic differences and segmentation. Based on an analysis of the trends in regional coordinated development in China, this study puts forward the layout of China’s comprehensive function regions, which divides the mainland of China into 10 regions: the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the middle reaches of Yangtze River basin, the upper reaches …

Research On Spatial Collaborative Allocation Of Innovation Chain And Industrial Chain And Regional Economic Layout In China, Jianhui Yu, Wenzhong Zhang, Jiaming Li

Bulletin of Chinese Academy of Sciences (Chinese Version)

The driving force of China’s economic development in the new era is gradually shifting from traditional production factor inputs and export-led growth to scientific and technological innovation-driven development, and technological innovation is increasingly becoming the main engine of China’s economic development. China needs to urgently address difficult issues such as the disconnect between science and technology and the economy, as well as prominent problems such as repeated resource allocation and scattered scientific research forces. Under the complex and volatile development environment, it is necessary to further optimize the spatial collaborative allocation of innovation chains and industrial chains and promote the …

Strategic Priorities Of China's Urbanized Areas During 15th Five-Year Plan Period, Wei Qi, Jie Fan, Jiaming Li, Yu Li

Bulletin of Chinese Academy of Sciences (Chinese Version)

Urbanized areas are areas whose main function is to provide industrial and service products. During the 15th Five-Year Plan period, the urbanization rate of China’s population will exceed 70 percent, thus entering a long-time stage of high urbanization levels. The strategic positioning of urbanized areas will be defined as county-level administrative districts with a high concentration of scientific and technological innovation resources, new quality productivity, and new-type industrialization. In terms of strategic layout, the scope of urbanized areas will be optimized to promote the concentration of population and economy in urban agglomerations, metropolitan areas, and central cities, and to strengthen …

Strategic Pattern And Optimization Of China's Eco-Regions During Fifteenth Five-Year Plan Period, Kan Zhou, Jie Fan, Daojing Zhou, Zhedong Qian, Hu Yu, Hanchu Liu, Jian Zhang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Since the implementation of the major function oriented zoning, the ecological space of key ecological functional areas has continuously expanded, with a significant increase in vegetation coverage. Concurrently, there has been a dual change in population dynamics, characterized by a decrease in total population and an increase in the urban population. Furthermore, significant achievements have been made in economic and social development, and there has been a steady improvement in the functions of ecological security barriers, contributing to an alleviation of tension in human-environment relationships. During the 15th Five-Year Plan period, it is imperative to adhere to the functional orientation …