Finance and Financial Management Commons^™

Examining The Offline Shopping Preferences Of Millennial Women: A Comprehensive Review, Ilham Khalisah Binti Khairuddin, Anusuyah A/P Subbarao

International Journal of Management, Finance and Accounting

This paper explores the offline shopping preferences of millennial women and strategies to enhance their shopping experience in malls. The study begins with an overview of offline shopping, defining shopping malls, in-store experiences, and the evolving landscape of offline shopping. It also characterizes millennial women and their unique preferences. The literature review identifies three main factors influencing offline shopping: socio-cultural, psychological, and environmental. These factors are analysed separately to understand their impact on millennial women's shopping behaviours. Additionally, the paper examines various mall strategies aimed at increasing millennial women's intention to shop offline, categorized into development, environment, and marketing & …

Determinants Of Subjective Well-Being Of Migrants: A Systematic Review, Dombagaha Pathiranage Marian Shavini Medonka Peiris

International Journal of Management, Finance and Accounting

The study aims to comprehensively analyze existing literature to derive insights into the determinants of Subjective Well-being (SWB) among migrants and identify underexplored areas within the research landscape, proposing directions for future studies. Utilizing the PRISMA framework, 22 relevant peer-reviewed articles published between 2000 and 2024 were selected, excluding books, conference proceedings, and dissertations. The analysis considered factors such as publication year, geographical scope, methodology, and sector. The findings of this investigation reveal that research on migrants’ SWB is predominantly quantitative, with a significant lack of nuanced perspectives. Most studies focus on developed countries, resulting in an underrepresentation of developing …

Climate Challenges: Central Banks In The Hot Seat – Rethinking Monetary Policy And Educational Activity, Łukasz Kurowski

Journal of Banking and Financial Economics

Global warming poses many challenges for all economic entities. The two main challenges facing all countries are climate change mitigation and adaptation. Central banks also face difficult tasks in this context. The difficulty stems from the impact of climate change on all sectors of the economy. Central banking has to deal with the new challenges created by climate change for monetary policy, macroprudential policy, but also climate education. The aim of the article is to verify to what extent climate change is considered in the central bank’s main objective – monetary policy. Therefore, the article examines the frequency with which …

Impact Of Work From Home Factors On Employee Work Engagement, Okoye Shedrach Obumneme, Muhammad Nizam Zainuddin

International Journal of Management, Finance and Accounting

The aim of the study is to examine the various work from home related factors which help in bringing about improved employee work engagement based on the work assigned to them. The study employed a quantitative research approach, positivism research philosophy, and case study research design. The study made use of 201 participants, with data collected through questionnaire and online survey tool (Google Form). Participants for the study were sampled from AmIT Global Solutions, AppCable Sdn Bhd, IWG 3.2, Regus Management Malaysia Sdn Bhd, Deventure Sdn Bhd, and Texas Instruments. Thethree hypotheses proposed in the study were examined using multiple …

Product Team In Transition: A Qualitative Case Study Of Team Motivation And Collaboration During Agile Adaptation, Ahmad Murtadha Abdul Wahab, Magiswary Dorasamy, Abdul Aziz Ahmad

International Journal of Management, Finance and Accounting

Agile approaches have received organisation acceptance as effective frameworks for managing complicated projects in rapidly changing situations. This study explores the challenges of agile adaptation in product team motivation that attempted to implement the existing agile adaptation. In order to implement the agile adaptation, it is essential for the product team to make adjustments and collaborate with others. Inadequate procedures and outside factors have been identified by some studies as barriers to existing agile adaptation (Conboy et al., 2011). Although implementing an agile approach has numerous advantages, doing so can be more complex with adaption and modification processes, especially to …

Factors Influencing Non-Performing Loans Between Islamic And Conventional Banks In Malaysia, Najwa Hanisah Mohd Azmi, Sharifah Fairuz Syed Mohamad, Shahrina Ismail

International Journal of Management, Finance and Accounting

This study reveals the long-term effects of several variables on Non-Performing Loans (NPLs) in Islamic banks (IBs) and conventional banks (CBs) in Malaysia. Using the Autoregressive Distributed Lag (ARDL) technique, the study supports a proactive approach and finds a persistent association between NPLs and asset quality, loan quality, unemployment rate, and inflation rate. Using the ARDL approach, the analysis covers the monthly period from 2018 to early 2021. This study aims to investigate NPLs at two different times: before and after the COVID-19 epidemic. The findings indicate that The ARDL model identifies Loan Quality 1 and 2 as significant influencers …

Attracting Foreign Direct Investment (Fdi) In Madani Economy: What Factors Matter?, Yi-Shan Chong, Chee-Lip Tee

International Journal of Management, Finance and Accounting

Foreign Direct Investment (FDI) has long been acknowledged as a vital driver of economic development, and Southeast Asia stands out as a prime destination for such investments. However, Malaysia's share of FDI in the region has been diminishing, signalling a loss of competitiveness. In response, the Malaysian government has prioritized enhancing competitive strength in its recent development framework, Madani Economy. This study aims to shed light on the factors that require greater attention to achieve these objectives. Utilizing the Autoregressive Distributed Lag (ARDL) approach and monthly data spanning from 2010 to 2019, the findings underscore the importance of growing market …

Convertible Bond Pricing In Chinese Transportation Industry : A Comparison Methods Between Binomial Tree Model And Black-Scholes Model, Zirui Peng, Xinrui Xinrui, Chui Zi Ong

International Journal of Management, Finance and Accounting

One bond type that can lower financing costs for the issuer is a convertible bond. Additionally, its characteristic with option value gives investors access to high-yielding, low-drawdown, and superior investment instruments. Exactly, convertible bonds have a strong market appeal to investors. In recent years, the issuance scale of convertible bonds has continued to expand, and its share in the bond market has gradually increased. Fair pricing is essential to maintaining the convertible bond market’s smooth operation. In light of this, the convertible bonds in the transportation sector listed on the Shanghai Stock Exchange are chosen for this article. Following the …

[Abstract For] Using Excel’S “Lambda” Function To Compute Modified Duration, Dollar Duration, And Bond Convexity, Tom Arnold, Joseph Farizo, Andrew C. Szakmary, Nancy Tran

Finance Faculty Publications

We create a modified duration function that is more accessible than Excel’s current Macaulay duration function (=DURATION) which requires several details about the bond.

The dollar duration and convexity functions are not currently available in Excel’s default functions. When these functions are copied to a second Excel file, the functions automatically become available as functions within the second file without the need for recreating the functions.

We provide instructions on how to implement the =LAMBDA function to more than just the creation of the bond application functions.

Defining Value And Measuring Roi For Expatriate International Assignments In Firms That Internationalize As Born-Global Companies, Dale Collins

Electronic Theses and Dissertations

The expatriate international assignment, a time-tested tool for global organizations, is known to be expensive and fraught with risks; defining its value has proven difficult for multinational firms in the twentieth century that internationalized using multi-stage theory. Recently, born-global internationalization theory has gained momentum among emerging firms, notably technology-based firms employing expatriate assignments. This study asks, how do born-global firms define value or benefit when determining return on investment (ROI) for expatriate international assignments? Multi stage theory posits firms first establish domestic markets creating well-developed cultures and sophisticated policies designed to mitigate risk and contain costs prior to internationalizing. Born-global …

Paycheck-To-Paycheck: How Public Service Loan Forgiveness Inhibits Generational Wealth Attainment For Black Women, Ashley Patrice-Rose Sherman

Electronic Theses and Dissertations

Black women who attend college in the United States are more likely to borrow to cover the cost of attendance and carry the largest amount of student loan debt than any other racial and gender group. Federal student loan borrowers are encouraged to work in public service to take advantage of the Public Service Loan Forgiveness Program (PSLF), an income-driven repayment program established by the College Cost Reduction and Access Act (CCRAA) of 2007. PSLF offers total debt relief after ten years of uninterrupted full monthly payments based on an income-driven repayment plan. The significance of this qualitative study will …

Utilizing Machine Learning To Forecast Sector-Level Equity Returns From Sector-Level Financial Ratios, Greg Kuppenheimer

Electronic Theses and Dissertations

Academics and equity analysts often utilize fundamental financial ratios to evaluate an industry's financial and operational performance. However, sophisticated econometric methods could be improved for estimating these ratios' importance in predicting sector-level stock return performance. To address this gap, gradient-boosted decision tree methods were applied to the WRDS sector-level financial ratio database to identify if financial ratios effectively forecast sector-level stock returns in future periods. The findings show that these ratios are predictive and economically material, both stand alone and in combination with other macroeconomic factors. Using these predictions, long and long-short sector-level portfolios were created, and most of these …

Are Short-Selling Restrictions Effective?, Yashar H. Barardehi, Andrew Bird, Stephen A. Karolyi, Thomas G. Ruchti

Business Faculty Articles and Research

Despite strong theoretical predictions based on disagreement, limited empirical evidence links short-selling restrictions to higher prices. We test this relationship using quasi-experimental methods based on rule 201, a threshold-based policy that restricts aggressive short selling when intraday returns cross −10%. When comparing stocks on either side of the threshold in the same hour of trading, we find that the restriction leads to 8% lower short-sale volume and 35 basis points higher daily returns. These price effects do not reverse after the restriction is lifted.

Crypto Currency Exchange And Mining Excel Simulations, Tom Arnold, Joseph Farizo, Jonathan M. Godbey

Finance Faculty Publications

The mathematics underlying blockchain-based cryptocurrencies is beyond the scope of most undergraduate finance programs. However, students should understand the intuition behind blockchain so that they might better understand how to apply this technology to future cases. In this paper, we develop a mathematically simple digital signature example and a mathematically simple proof-of-work simulation for classroom use.

Stock Liquidity And Value Relevance Of Earnings : Evidence From A Natural Experiment, Joseph Maxwell Asamoah

Lingnan Theses (MPhil & PhD)

This thesis explores the effect of stock liquidity on the value relevance of earnings, employing the Securities and Exchange Commission's 2016 Tick Size Pilot Program (TSP) as a natural experiment to investigate this relationship. This study leverages the exogenous shock to stock liquidity induced by the program to address endogeneity issues that have historically complicated the analysis of stock market dynamics. By examining the causal effects of increased liquidity on the market's response to earnings announcements, the research provides new insights into how liquidity impacts the usefulness and reliability of accounting information from the shareholders' perspective.

The findings indicate that …

Working Capital And Cash Flow Tools To Improve Farm Business Performance, Matthew Stockton

Cornhusker Economics

The point of this short essay is to briefly review the need and purpose of both tools, hoping that such a review will help farm managers and operators use them to reach their higher potential and improve their businesses and lives. Working capital represents the businesses’ ability to deal with short-term conditions and its resilience conferred upon it as a result of past performance in accumulating liquid assets. The cash flow document provides the ebb and flow of liquid assets during the normal cycle of doing business, providing recognizable events, plans that can be scrutinized, and identifiable challenges. These tools, …

A Business Model For Communication Design Enterprises (Paper), Con Kennedy

Academic Articles

Several international reports and studies indicate that the Communication Design sector has a skill deficit in entrepreneurship and business management, and a greater understanding of these topics is needed. Some authors advocate applying existing business models for design enterprises. However, the skill deficit prevails. It is worth noting that these reports discuss the entrepreneurship deficit in general terms without an explanation of the causes of this deficit or how to remedy the issue. Therefore, this paper explores the development of a Business Model specific for Design Entrepreneurs for deployment in Communication Design enterprises. A theoretical framework for a specific business …

Conservation Decision Making And Agricultural Land Leasing - An Experimental Investigation Of The Role Of Gender, Diya Ganguly, Simanti Banerjee, Christopher Gustafson

Cornhusker Economics

This research investigated the impact of landowner gender and of the different types of contract leases offered by them to a male tenant, on the conservation (or non-conservation) choice made by the tenant. Specifically, we investigate if a) female and male landowners offer different rental contracts and b) whether tenants choose different actions based on the landowner’s gender. For this purpose, we implemented a controlled, gender-context-loaded economic experiment with university students, in which we tested contract and land use choice under different treatments for three types of rental contracts – fixed rent, fixed rent with penalty, and fixed rent with …

Financing Just Energy Transitions In Southeast Asia: Application Of The Just Transition Transaction To Indonesia, Vietnam, And Philippines, Abhinav Jindal, Gireesh Shrimali, Bharat Gangwani, Rajiv B. Lall

Sim Kee Boon Institute for Financial Economics

This paper investigates the applicability of the Just Transition Transaction (JTT), initially developed as a financial mechanism for South Africa's energy transition, to Southeast Asian (SEA) countries, including Indonesia, Vietnam, and the Philippines, which heavily rely on coal. Utilizing South Africa as a reference case study, we deconstruct the JTT and develop a novel framework of necessary and conducive features for evaluating its suitability for supporting a just energy transition in SEA. Our findings suggest that the JTT is well-suited for Indonesia and Vietnam but not as well suited for the Philippines. Recommendations for specific research avenues in estimating baselines …

Family Firms' Cross-Border Mergers And Acquisitions, Matteo P. Arena, Michaël Dewally, Bharat A. Jain, Yingying Shao

Finance Faculty Research and Publications

We evaluate the link between family ownership and cross-border investment behavior. By analyzing a sample of 2000 large U.S. acquirers between 2001 and 2016, we empirically show that family firms are less active in the international market for corporate control. Unlike non-family firms, family firms generate positive cross-border acquisition returns. Our results also suggest that target country conditions and acquirer financing constraints influence the link between family ownership and cross-border acquisitiveness as well as its valuation consequences. Overall, we find evidence to indicate that reduced shareholder-manager agency conflicts in family firms result in value enhancing cross-border investment behavior.