Template-Type: ReDIF-Article 1.0
Author-Name: Manita Matharu
Author-X-Name-First: Manita
Author-X-Name-Last: Matharu
Author-Name: Ruchi Jain
Author-X-Name-First: Ruchi
Author-X-Name-Last: Jain
Author-Name: Shampy Kamboj
Author-X-Name-First: Shampy
Author-X-Name-Last: Kamboj
Title: Consumers' lifestyle of health and sustainability as determining factor of purchase behaviour for sustainable products: an empirical analysis
Abstract:
Sustainability and environmentally conscious behaviour towards sustainable products are emerging research areas in India. There is dearth of research to understand Indian consumers' sustainable purchase behaviour, particularly in the context of consumers' lifestyle. The present study aims to examine the effect of consumer lifestyle of health and sustainability (LOHAS) on purchase behaviour. This paper adapts LOHAS, consumer attitude towards sustainable purchasing, subjective norm, willingness to pay premium for sustainable product to examine sustainable product purchase behaviour in Indian context through an extended theory of planned behaviour. Collection of data is done through a questionnaire filled from 316 individuals who are consumers of sustainable products. This study validated the proposed conceptual model by structured equation modelling and provides that LOHAS emerged as an antecedent to consumer attitudes towards sustainable product purchase. Additionally, attitude towards sustainable purchasing and willingness to pay price for sustainable products found to be significant determinants of consumers' sustainable purchase behaviour. The findings of this paper might interest consumer behaviour scholars and those firms that concern regarding the consumers purchase behaviour for sustainable products.
Journal: Global Business and Economics Review
Pages: 1-20
Issue: 1
Volume: 25
Year: 2021
Keywords: sustainability; sustainable products; theory of planned behaviour; TPB; structural equation modelling; lifestyle of health and sustainability; LOHAS.
File-URL: http://www.inderscience.com/link.php?id=116568
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:1:p:1-20

Template-Type: ReDIF-Article 1.0
Author-Name: Eric C. Larson
Author-X-Name-First: Eric C.
Author-X-Name-Last: Larson
Author-Name: Carl Vieregger
Author-X-Name-First: Carl
Author-X-Name-Last: Vieregger
Title: The strategic dilemma of counter-cyclical capital investment
Abstract:
This research investigates the timing of strategic investment decisions in response to changing conditions in the macro-economic environment. Managers face a strategic dilemma when making capital investments within the macro-economic cycle: even though resources may be scarce during downturns, firms with managerial capabilities can exploit factor markets to make profitable investments. We first show that managers recognise the importance of investing through economic downturns (i.e., investing counter-cyclically), but we also hypothesise and show that firms invest less during economic contractions (i.e., they do not invest counter-cyclically). We then hypothesise and find that performance is declining in investment, suggesting that contingent factors may influence successful capital investments. Our main hypothesis and test demonstrate that firms increasing capital investment during macro-economic downturns experience greater forward performance over one, two, and three-year horizons. We also show that the underlying mechanisms of this increased performance may be the temporal orientation (i.e., investment horizon) of strategic capital allocation and the firm's dependence on external sources of financing. The analyses in this paper suggest that executives should make capital investments when it is perhaps the most difficult to do so.
Journal: Global Business and Economics Review
Pages: 317-343
Issue: 4
Volume: 24
Year: 2021
Keywords: capital investment; capital resources; economic cycle; strategic dilemma; counter-cyclical investment; economic downturns; economic contractions.
File-URL: http://www.inderscience.com/link.php?id=115802
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Template-Type: ReDIF-Article 1.0
Author-Name: Tariq Aziz
Author-X-Name-First: Tariq
Author-X-Name-Last: Aziz
Author-Name: Afaque Hussain
Author-X-Name-First: Afaque
Author-X-Name-Last: Hussain
Title: Volatility spillovers of gold prices, oil prices, and economic policy uncertainty on the stock market of Pakistan
Abstract:
The primary purpose of the study is to examine the spillover effect of the oil market, the gold market, and global economic policy uncertainty on the stock market in the context of Pakistan. The study uses time-series data for the period December 2010 to September 2019. To investigate the volatility spillovers, the study employed the exponential generalised autoregressive conditional heteroscedastic (EGARCH) model that allows for asymmetries. The results show that shocks in the gold market significantly transmit to the stock market returns. When the gold market is less volatile then the stock market shows higher volatility, vice versa. Further, the oil prices and global economic policy uncertainty have no significant volatility spillovers towards the stock market returns. The findings provide updated evidence about volatility transmissions from multiple factors to the stock market returns that are very important for investors and policymakers.
Journal: Global Business and Economics Review
Pages: 344-359
Issue: 4
Volume: 24
Year: 2021
Keywords: gold price; oil price; global economic policy uncertainty; GEPU; stock market returns; volatility spillover; Pakistan.
File-URL: http://www.inderscience.com/link.php?id=115806
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:4:p:344-359

Template-Type: ReDIF-Article 1.0
Author-Name: Oya Kent
Author-X-Name-First: Oya
Author-X-Name-Last: Kent
Author-Name: Sinem Sefil-Tansever
Author-X-Name-First: Sinem
Author-X-Name-Last: Sefil-Tansever
Title: Educational wage premia and wage inequality in Turkey
Abstract:
This paper examines the effect of educational attainment on the male wage inequality in Turkey by employing Structure of Earnings Survey Micro Data compiled by TURKSTAT. We compare two years, namely 2006 and 2014, by estimating the Mincerian wage equation. Quantile regression method is utilised in order to explore the differentials in educational wage premia along the wage distribution. Our findings show that, despite the overall increase in the male wage inequality over the period, inequality declined at the top end of the wage distribution while displaying a significant increase at the bottom end. Education had a positive impact on both within and between groups inequality in both years. In general, educational wage premia in all education categories along the wage distribution increased, with two exceptions (vocational high school and higher education). Especially, in higher education category, educational wage premia have declined at the top half of the wage distribution while increased in lower quantiles.
Journal: Global Business and Economics Review
Pages: 360-381
Issue: 4
Volume: 24
Year: 2021
Keywords: educational wage premia; EWP; wage inequality; quantile regression; Turkey.
File-URL: http://www.inderscience.com/link.php?id=115810
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:4:p:360-381

Template-Type: ReDIF-Article 1.0
Author-Name: Harpreet Singh Grewal
Author-X-Name-First: Harpreet Singh
Author-X-Name-Last: Grewal
Author-Name: Pushpa Trivedi
Author-X-Name-First: Pushpa
Author-X-Name-Last: Trivedi
Title: The path of impossible trinity in India: 1991-2018
Abstract:
To test the existence of impossibility trinity constraint in the Indian context, we build three impossible trinity indices, viz., capital account openness, monetary independence and exchange rate stability using data for the period 1991-2018. We find the evidence on the existence of the trilemma where the constraint increases with rise in capital account openness. We also find that monetary independence comes at the cost of exchange rate stability. Our results on the implications of movements in trilemma in the presence of international reserves on inflation suggest that exchange rate stability has been effective in reducing inflation in India and remains a dominant policy choice. A rise in the flows of international reserves, however, could increase inflation, albeit the effect is negligible, reflecting inadequate sterilisation operations by the central bank.
Journal: Global Business and Economics Review
Pages: 382-408
Issue: 4
Volume: 24
Year: 2021
Keywords: capital account openness; capital mobility; exchange rate stability; ERS; Forex reserves; impossible trinity; India; inflation; international reserves; monetary policy independence; Mundell-Fleming model; trilemma.
File-URL: http://www.inderscience.com/link.php?id=115811
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:4:p:382-408

Template-Type: ReDIF-Article 1.0
Author-Name: Madeleine La Grange
Author-X-Name-First: Madeleine La
Author-X-Name-Last: Grange
Author-Name: Barry Ackers
Author-X-Name-First: Barry
Author-X-Name-Last: Ackers
Author-Name: Elza Odendaal
Author-X-Name-First: Elza
Author-X-Name-Last: Odendaal
Title: The impact of the characteristics of audit committee members on audit committee effectiveness
Abstract:
Despite being extensively researched since audit committees emerged early in the 20th century, the focus has tended to be on public sector organisations and large listed public companies. This paper uses an explorative qualitative case-study research design, to understand the impact of the characteristics of audit committee member on audit committee effectiveness in a purposively selected small to medium-sized company. The paper provides important insights into the impact of audit committee member qualifications, experience and independence, on how the audit committee discharges its responsibilities. Although the leadership of the audit committee chairperson appears to have enhanced governance practices, the atypical role of mentoring the newly appointed chief financial officer, questions whether the audit committee chairperson, and accordingly the audit committee, is truly independent, or whether it has succumbed to the familiarity threat. Despite its South African orientation, the worldwide importance of small to medium-sized enterprises gives the study globally relevance.
Journal: Global Business and Economics Review
Pages: 409-434
Issue: 4
Volume: 24
Year: 2021
Keywords: audit committee; characteristics; leadership; qualifications; small to medium-sized company; value added.
File-URL: http://www.inderscience.com/link.php?id=115812
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Template-Type: ReDIF-Article 1.0
Author-Name: Ngoc Quang Ngo
Author-X-Name-First: Ngoc Quang
Author-X-Name-Last: Ngo
Title: An empirical study of foreign direct investment, human development and endogenous growth
Abstract:
In the context of growing bodies of researching in foreign direct investment (FDI), what could be better than effective external financial source for developing countries? It is undoubtable to observe that FDI could foster the slow economic growth and improve the human development. Employing the predictive proxy called 'human development index (HDI)' commenced since 2010 by United Nation Development Programme (UNDP), this paper investigates the three determinants including life expectancy, education and income level of economic development in 102 developing countries during the period 1990-2015 by two-stage least squares method, correcting the endogeneity problem with particular instrumental variables. Our findings confirm the existing literature and emphasise the constructive role of foreign capital flows and human capital on economic growth and institutional quality as well as macroeconomic variables and gender equality.
Journal: Global Business and Economics Review
Pages: 59-78
Issue: 1
Volume: 24
Year: 2021
Keywords: developing countries; endogeneity; foreign direct investment; FDI; human development; human development index; HDI; inequality; institutional quality; economic growth; instruments; international trade; poverty; welfare.
File-URL: http://www.inderscience.com/link.php?id=111987
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:1:p:59-78

Template-Type: ReDIF-Article 1.0
Author-Name: Ashraf Bataineh
Author-X-Name-First: Ashraf
Author-X-Name-Last: Bataineh
Author-Name: Ashraf Alrjoub
Author-X-Name-First: Ashraf
Author-X-Name-Last: Alrjoub
Author-Name: Ziyad Mustafa Shwiyat
Author-X-Name-First: Ziyad Mustafa
Author-X-Name-Last: Shwiyat
Title: Does privatisation improve financial performance? Evidence from Jordan
Abstract:
The study aims to measure the effect of privatisation on improving the financial performance at the Jordanian companies. The study sample consists of six Jordanian companies listed in Amman Stock Exchange (ASE) in 2017, and to achieve the objectives of the study, a model has been developed by using T-test for paired samples, which included many variables and the issuing time of annual financial reports as the dependent variable. The results showed that privatisation programs did help to improve the performance of Jordanian companies, and in its adoption to privatisation policies, the Jordanian companies listed on the ASE need more time to issue public reports, in order to be compared with other sectors. The results of multiple regression analysis showed statistically positive significant effects between the companies profitability, financial companies leverage, and liquidity of companies annual financial reports. The study recommended that Jordanian companies should keep pace with the rapid changes taking place in the companies' environment and encourage innovations for their companies.
Journal: Global Business and Economics Review
Pages: 1-20
Issue: 1
Volume: 24
Year: 2021
Keywords: privatisation; financial performance; profitability; liquidity; leverage; Amman Stock Exchange; ASE; state owned enterprises; SOEs.
File-URL: http://www.inderscience.com/link.php?id=111995
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:1:p:1-20

Template-Type: ReDIF-Article 1.0
Author-Name: Sudeshna Ghosh
Author-X-Name-First: Sudeshna
Author-X-Name-Last: Ghosh
Title: Growth volatility and income inequality: asymmetric analysis for France
Abstract:
The present study attempts to investigate the growth volatility and the income inequality association for one major OECD country of the European Union, namely France over the period 1970-2016. The paper adopts empirical time series techniques. The paper applies the nonlinear ARDL method of Shin et al. (2014) because this will enable to find the asymmetries in the relation. It is argued that the rate at which income inequality reacts to rising income volatility may not be equal to the degree of responsiveness to the decline in the volatility of income. The hypothesis of positive asymmetric impact of economic growth on the top income shares is empirically established in this analysis. The paper makes a novel attempt to study how inequality is impacted by growth volatility in France by adopting an asymmetric framework. A series of robustness measures have been adopted to check for the consistency of the approach.
Journal: Global Business and Economics Review
Pages: 21-42
Issue: 1
Volume: 24
Year: 2021
Keywords: income inequality; growth volatility; nonlinear ARDL; time series; France.
File-URL: http://www.inderscience.com/link.php?id=111996
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Template-Type: ReDIF-Article 1.0
Author-Name: Sakshi Saxena
Author-X-Name-First: Sakshi
Author-X-Name-Last: Saxena
Author-Name: Harsh Purohit
Author-X-Name-First: Harsh
Author-X-Name-Last: Purohit
Author-Name: Nidhi Malhotra
Author-X-Name-First: Nidhi
Author-X-Name-Last: Malhotra
Title: Diminishing calendar anomalies: case of Indian equity markets
Abstract:
The present study probes the presence of seasonal anomaly mainly day of the week effect and month of the year effect in the Indian Stock Market ranging from January 2011 till January 2018. Daily and weekly closing data of Nifty Financial services index, Nifty Auto index, Nifty Bank index and Nifty 50 index has been considered for the same. Regression model using dummy variables has been used to investigate the same. The results states that none of the four nifty indices shows day of the week effect. Nifty 50 does not indicate the presence of the month of the year effect. In contrast, April effect is present in Nifty Auto. Nifty Bank index shows February and August effect, while Nifty Financial Services shows February effect.
Journal: Global Business and Economics Review
Pages: 43-58
Issue: 1
Volume: 24
Year: 2021
Keywords: day of the week effect; Monday effect; February effect; calendar anomalies; market efficiency.
File-URL: http://www.inderscience.com/link.php?id=111999
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:1:p:43-58

Template-Type: ReDIF-Article 1.0
Author-Name: Jaleh Farzaneh Hassanzadeh
Author-X-Name-First: Jaleh Farzaneh
Author-X-Name-Last: Hassanzadeh
Title: Competitiveness development model of manufacturing firms from dynamic capabilities perspectives
Abstract:
The main purpose of this study is to develop a model explaining the path toward competitiveness development for entrepreneurial food exporting firms. In this study, the competitiveness development model is based on dynamic capabilities perspective. Few studies have been provided a model for competitiveness development of manufacturing firms from the dynamic capabilities perspective. For this purpose, the method of this study is grounded theory. Thus, 20 food-industries managers and experts in food sector were interviewed. The systematic approach presented by Strauss and Corbin (1990) was used to analyse the interviews. The competitiveness development model consists of the causal conditions, the intervening conditions, the contextual conditions, the export strategies of food exporting SMEs and the consequences. For analysis the interviews, MaxQDA software was used. The model identifies dynamic capabilities that lead to competitiveness and suggest the path to building such capabilities. Implications of findings are discussed at organisational-level and institutional-level.
Journal: Global Business and Economics Review
Pages: 79-106
Issue: 1
Volume: 24
Year: 2021
Keywords: competitiveness; dynamic capabilities; international entrepreneurship; entrepreneurial exports; Iran; food industry; SMEs; manufacturing firms; configuration capabilities; non-oil exports.
File-URL: http://www.inderscience.com/link.php?id=112007
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:1:p:79-106

Template-Type: ReDIF-Article 1.0
Author-Name: Hasan Ashari
Author-X-Name-First: Hasan
Author-X-Name-Last: Ashari
Author-Name: Trinandari Prasetyo Nugrahanti
Author-X-Name-First: Trinandari Prasetyo
Author-X-Name-Last: Nugrahanti
Title: Household economy challenges in fulfilling life needs during the Covid-19 pandemic
Abstract:
This study aims to determine the challenges of changing household socio-economic and psychological behaviour to fulfil daily needs during the Covid-19 lockdown in the DKI Jakarta and its surrounding cities/regencies. A descriptive quantitative approach was used to explain socio-economic and psychological behaviour changes. Data was collected through Google questionnaires in 440 households. The results indicate that the desire to meet the needs of life and existence decreased during the Covid-19 pandemic. There was a decline in mobility, which has significantly affected many breadwinners' incomes. An increase in expenditure for household needs led to the inability to save. This study provides alternative government policies that can be implemented to meet community needs. It discusses the needs that should be considered in an economic crisis, including food aid, cash assistance, or entrepreneurial working capital.
Journal: Global Business and Economics Review
Pages: 21-39
Issue: 1
Volume: 25
Year: 2021
Keywords: household; economy; large-scale social restrictions; lockdown; Covid-19 pandemic.
File-URL: http://www.inderscience.com/link.php?id=116616
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:1:p:21-39

Template-Type: ReDIF-Article 1.0
Author-Name: Malik R. Elhaj
Author-X-Name-First: Malik R.
Author-X-Name-Last: Elhaj
Title: Understanding distress and default in Jordanian companies using multiple discriminant analysis
Abstract:
A business may fail because of financial or non-financial reasons but if this failure can be predicted it can be avoided. Thus, it becomes imperative that reasons and variables involved in such failures be studied. This research is focused on default risk and failures in Jordanian companies based on internal factors. The study uses financial data of 49 companies for the time period 2015-2017. The methodology includes qualitative analysis and multi discriminant analysis to analyse and interpret distress and failures in companies. One significant finding from the analysis was that sales, equity capital, retained earnings and debt are good predictor of defaults in companies.
Journal: Global Business and Economics Review
Pages: 40-50
Issue: 1
Volume: 25
Year: 2021
Keywords: default; failed companies; financial distress; financial ratios; Jordan; multiple discriminant analysis; MDA.
File-URL: http://www.inderscience.com/link.php?id=116618
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:1:p:40-50

Template-Type: ReDIF-Article 1.0
Author-Name: Leyla A. Gamidullaeva
Author-X-Name-First: Leyla A.
Author-X-Name-Last: Gamidullaeva
Author-Name: Saniyat Agamagomedova
Author-X-Name-First: Saniyat
Author-X-Name-Last: Agamagomedova
Title: Entrepreneurial ecosystems: impact on the quality of life in a region
Abstract:
In recent research, the concept of entrepreneurial ecosystems is considered to be as a driver of regional sustainable development. The authors discuss the relationship between entrepreneurial ecosystem development and the quality of life level in a region. Such issues are underexplored in the academic literature. The authors illustrate their assumptions with an empirical study of 85 Russian regions (subdivisions). The propositions arising from this analysis provide information to help academics, policymakers, government, and individual enterprises with a more adequate understanding of the practical mechanisms and tools that help trigger sustainable regional development through the support and development of entrepreneurial ecosystems.
Journal: Global Business and Economics Review
Pages: 68-88
Issue: 1
Volume: 25
Year: 2021
Keywords: entrepreneurial ecosystems; innovation ecosystem; sustainable development; investments in fixed assets; quality of life; innovation; region.
File-URL: http://www.inderscience.com/link.php?id=116621
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:1:p:68-88

Template-Type: ReDIF-Article 1.0
Author-Name: Garima Srivastav
Author-X-Name-First: Garima
Author-X-Name-Last: Srivastav
Author-Name: Arun Mittal
Author-X-Name-First: Arun
Author-X-Name-Last: Mittal
Title: Modelling value based banking and customers' banking choices in the era of Marketing 3.0: an empirical study with logistic ordinal regression approach
Abstract:
Marketers keep on evolving ways and means to attract as well as retain the customers. During the last few decades, the marketing practices have been changed rapidly. The consumers now wish to be associated with those organisations and brands, which are ethical and follow high standards of integrity. Such aspects have been incorporated in the concept of Marketing 3.0, which is based on value-based matrix (VBM). The present study empirically predicts the construct of VBM in the banking industry context. The sample size of the study is 283. The logistics ordinal regression was applied with 27 items to identify the predictive constructs of value-based banking. 'Selection of bank based on value system' was the dependent variable and the independent variables contained 25 statements covering value-based banking along with 2 covariates 'age' and 'education'. It was found that 'value-based banking' and 'education' have significant impact on the dependent variable.
Journal: Global Business and Economics Review
Pages: 51-67
Issue: 1
Volume: 25
Year: 2021
Keywords: Marketing 3.0; value-based matrix; VBM; value-based banking; logistics ordinal regression; customers' banking choices; empirical study.
File-URL: http://www.inderscience.com/link.php?id=116644
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:1:p:51-67

Template-Type: ReDIF-Article 1.0
Author-Name: Fiorella Pia Salvatore
Author-X-Name-First: Fiorella Pia
Author-X-Name-Last: Salvatore
Author-Name: Simone Fanelli
Author-X-Name-First: Simone
Author-X-Name-Last: Fanelli
Title: Indicators and criteria for efficiency and quality in public hospitals: a performance evaluation model
Abstract:
In many countries, the public sector is currently characterised by the need to improve its performance. The implementation of performance measurement systems is essential to generate better results, especially in the public health sector. In healthcare practice, clinical indicators are part of a performance measurement system, and are a way of assessing the quality of care by investigating the frequency of specific results. Through a clinical audit process, this study aims to define the criteria and key performance indicators for minimally invasive endovascular surgical treatment. This type of treatment is chosen because aortic pathologies are an important European issue in cardiovascular surgery. A model of criteria and indicators used in a large public Italian hospital was constructed in order to assess the level of performance achieved with this service.
Journal: Global Business and Economics Review
Pages: 212-230
Issue: 3/4
Volume: 25
Year: 2021
Keywords: healthcare organisation; evaluation model; key performance indicators; KPIs; efficiency; quality improvement; performance assessment; health services; new public management; internal audit; healthcare costs.
File-URL: http://www.inderscience.com/link.php?id=118700
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:212-230

Template-Type: ReDIF-Article 1.0
Author-Name: Marcella Giacomarra
Author-X-Name-First: Marcella
Author-X-Name-Last: Giacomarra
Author-Name: Maria Crescimanno
Author-X-Name-First: Maria
Author-X-Name-Last: Crescimanno
Author-Name: Georgia Sakka
Author-X-Name-First: Georgia
Author-X-Name-Last: Sakka
Author-Name: Antonino Galati
Author-X-Name-First: Antonino
Author-X-Name-Last: Galati
Title: The contribution of a supplier of the food and beverage industry to the sustainability of the overall supply chain
Abstract:
Achieving sustainable scopes in a supply chain context entails structural changes at all tiers. Recently, scholars investigated different models able to achieve a sustainable supply chain management. With the aim to explain which factors, at the single supplier level, could reassure a focal firm as regards the compliance of sub-suppliers toward sustainability principles, a case study was performed on a company of the food and beverage packaging industry, based on the natural resources-based view of the firm. Results show the leading role that, a major supplier, can play in promoting sub-suppliers' compliance towards sustainable principles. Reputation, legitimacy and concerns about future positioning in the market, are guiding factors able to influence the strategies adopted towards sub-suppliers. Implications for focal firms' managers suggest to invest more in relationships with those suppliers able to demonstrate reliable sustainable management systems, with proven commitments to product stewardship and greener technologies.
Journal: Global Business and Economics Review
Pages: 231-250
Issue: 3/4
Volume: 25
Year: 2021
Keywords: sustainable business models; environmental sustainability; natural resource-based view; chain liability effect; CLE; sustainable supply chain; supply chain management; case study; key resources.
File-URL: http://www.inderscience.com/link.php?id=118701
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:231-250

Template-Type: ReDIF-Article 1.0
Author-Name: Karim Wahba
Author-X-Name-First: Karim
Author-X-Name-Last: Wahba
Author-Name: Niki Kyriakidou
Author-X-Name-First: Niki
Author-X-Name-Last: Kyriakidou
Author-Name: Janet Astley
Author-X-Name-First: Janet
Author-X-Name-Last: Astley
Title: Transfer of training: an effective tool of knowledge application
Abstract:
Training alone is not adequate to increase organisational effectiveness, as not all knowledge acquired from the training is implemented correctly in the workplace. To implement training effectiveness, acquired knowledge should be transferred to the workplace. This study intends to understand and describe how expatriate faculty members perceive the supervisor's support behaviours for an effective transfer of training during three stages, (i.e., before, during and after training) in the context of UAE's higher education (HE) sector. A qualitative interpretivist approach was adopted, and the data was generated from 21 expatriate faculty members in three HE institutions through semi-structured interviews. The findings had contributed to the knowledge concerning transfer of training, particularly, in the UAE's HE sector by proposing a framework which for the first time identifies the types of supervisors' supportive behaviours that foster transfer of training among faculty members in each phase of training - thereby increasing the knowledge application and training effectiveness in the UAE private HE sector.
Journal: Global Business and Economics Review
Pages: 273-291
Issue: 3/4
Volume: 25
Year: 2021
Keywords: transfer of training; supervisor support; expatriate faculty members; UAE; HE sector.
File-URL: http://www.inderscience.com/link.php?id=118703
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:273-291

Template-Type: ReDIF-Article 1.0
Author-Name: S.M. Riad Shams
Author-X-Name-First: S.M. Riad
Author-X-Name-Last: Shams
Author-Name: Alkis Thrassou
Author-X-Name-First: Alkis
Author-X-Name-Last: Thrassou
Author-Name: Demetris Vrontis
Author-X-Name-First: Demetris
Author-X-Name-Last: Vrontis
Author-Name: Michael Christofi
Author-X-Name-First: Michael
Author-X-Name-Last: Christofi
Author-Name: Eleni Trichina
Author-X-Name-First: Eleni
Author-X-Name-Last: Trichina
Title: Academic propaganda in international education: detection, remedy and conceptualisation
Abstract:
Academic propaganda, as a 'darker' form of institutional brand communication strategy has been diachronically misleading target audiences for political, social and/or business purposes. Though scholars have studied the matter, primarily in its socio-political context, its business façade is under-researched. We have limited knowledge and ability in detecting academic propaganda and in developing the right antidote to it. This multidisciplinary research, thus, follows an inductive constructive approach to identify, interrelate and superimpose the critical aspects of divergent, but, related fields of cognitive communication studies, including propaganda, strategic management and marketing communication. The aim is to develop theoretical insights and propositions with regards to the detection of academic propaganda; and to construct a mechanism for its monitoring and control. We propose frameworks that theoretically contribute to the extant propaganda management literature, while practically enabling the corresponding government and non-government monitoring agencies to detect and react to academic propaganda.
Journal: Global Business and Economics Review
Pages: 251-272
Issue: 3/4
Volume: 25
Year: 2021
Keywords: education; propaganda; image; reputation; internationalisation; sustainability; brand communication; misleading communication; value; international education.
File-URL: http://www.inderscience.com/link.php?id=118704
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:251-272

Template-Type: ReDIF-Article 1.0
Author-Name: Hande Özek
Author-X-Name-First: Hande
Author-X-Name-Last: Özek
Title: The relationship between social capital, knowledge sharing and trust: a study between baby boomers, X and Y generations
Abstract:
In today's work-life, organisations currently are not only facing the rapid change of the external factors such as technology, economy but also striving to adapt new work values and pattern of behaviours in organisational practices within new generations. The aim of this study is to reveal the relation between social capital, knowledge sharing, and trust in the organisation and find out the differences among the generations. A quantitative study was conducted with a total of 327 participants, all actively working in the private sector, in Istanbul, Turkey. The results provided three main findings as follows: social capital has a positive effect on knowledge sharing, trust has a positive effect both on knowledge sharing and social capital, and there are differences among the generations in social capital, knowledge sharing and trust.
Journal: Global Business and Economics Review
Pages: 292-312
Issue: 3/4
Volume: 25
Year: 2021
Keywords: social capital; structural social capital; SSC; cognitive social capital; CSC; relational social capital; RSC; knowledge sharing; trust; capability trust; benevolence trust; integrity trust; baby boomers; X generation; Y generation; sustainable competitive advantage.
File-URL: http://www.inderscience.com/link.php?id=118706
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:292-312

Template-Type: ReDIF-Article 1.0
Author-Name: Paschalia Patsala
Author-X-Name-First: Paschalia
Author-X-Name-Last: Patsala
Author-Name: Anastasia Lampreli
Author-X-Name-First: Anastasia
Author-X-Name-Last: Lampreli
Author-Name: Constantinos-Vasilios Priporas
Author-X-Name-First: Constantinos-Vasilios
Author-X-Name-Last: Priporas
Title: Humour use in the workplace: a key to achievements or a Trojan horse of harassment?
Abstract:
The purpose of this paper is multi-faceted: it fundamentally aims to explore the use of humorous discourse in work environment, focusing mainly on gender and age differences. Within this context, the present work uncovers nuanced and significant communication tactics applied both by males and females in business lieu. It also discusses whether humour in the workplace constitutes an innocent form of entertainment, or it may have adverse consequences for employees, disguising the biased and derogatory essence of the remarks made. The types and manifold functions of humour are presented, unravelling the positive and negative outcomes of its usage. Particular emphasis is placed on those features of humorous interaction at work that can lead to harassing episodes, as well as on the consequences of sexist humour. Other issues elaborated on in the paper are gender differences, stereotypes, organisational tension and confrontation, as well as the culture of tolerance of sexism in professional contexts.
Journal: Global Business and Economics Review
Pages: 313-330
Issue: 3/4
Volume: 25
Year: 2021
Keywords: humour; organisational communication; gender; harassment; sexist humour; business discourse; confrontation.
File-URL: http://www.inderscience.com/link.php?id=118707
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:313-330

Template-Type: ReDIF-Article 1.0
Author-Name: Valentina Iscaro
Author-X-Name-First: Valentina
Author-X-Name-Last: Iscaro
Author-Name: Laura Castaldi
Author-X-Name-First: Laura
Author-X-Name-Last: Castaldi
Author-Name: Gaetano Buccino
Author-X-Name-First: Gaetano
Author-X-Name-Last: Buccino
Title: Networked business incubators: a systematic literature review
Abstract:
In this paper, we contribute to the literature on business incubators by focusing on networked business incubators. Recent studies have highlighted the central role played by incubators in embedding a company within well-organised networks, which is a main factor for start-up success. In this vein, we conduct a systematic literature review of scientific papers, matching the issues of incubators and networks through Bibliometrix, an open-source R-package. The findings highlight the existence of five literature clusters, with their own set of features emphasising specific characteristics of the investigated phenomenon.
Journal: Global Business and Economics Review
Pages: 331-354
Issue: 3/4
Volume: 25
Year: 2021
Keywords: incubator; network; systematic literature review; SLR; networked business incubators; NBIs; Bibliometrix.
File-URL: http://www.inderscience.com/link.php?id=118708
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:331-354

Template-Type: ReDIF-Article 1.0
Author-Name: Simona Mihai-Yiannaki
Author-X-Name-First: Simona
Author-X-Name-Last: Mihai-Yiannaki
Author-Name: Lucia Gibilaro
Author-X-Name-First: Lucia
Author-X-Name-Last: Gibilaro
Author-Name: Gianluca Mattarocci
Author-X-Name-First: Gianluca
Author-X-Name-Last: Mattarocci
Title: Big data firms and information privacy
Abstract:
Our paper combines theories and information from both finance and law disciplines in an original way in terms of business related and geographical interconnections in the world of data protection. The increasing privacy needs of the last decade generated challenges for big data firms, while at the same time opportunities to grow came from emerging technology-linked products and services. What we attempt to test in our research is the connectivity between the performances of big data firms within the limitations of the existing information privacy law. We have worked on a sample of 1,040 listed big data firms from the domain of IT services, active in the market from 2010 until 2018. The geographic spread of our research sample was Asia, Europe and Americas, whereas in the legislation considered relates to the USA-SWISS Privacy Shield, the USA-EU Privacy Shield and the General Data Protection Regulation. The analysis shows that the respective regulations in place have a strong impact for big data firms, especially for IT firms. Methodology wise we have used abnormal returns analysis of the firms' performance when each regulation came into effect.
Journal: Global Business and Economics Review
Pages: 355-367
Issue: 3/4
Volume: 25
Year: 2021
Keywords: big data; data protection; General Data Protection Regulation; GDPR; privacy; performance.
File-URL: http://www.inderscience.com/link.php?id=118713
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:355-367

Template-Type: ReDIF-Article 1.0
Author-Name: Kostyantyn Anatolievich Malyshenko
Author-X-Name-First: Kostyantyn Anatolievich
Author-X-Name-Last: Malyshenko
Author-Name: Majid Mohammad Shafiee
Author-X-Name-First: Majid Mohammad
Author-X-Name-Last: Shafiee
Author-Name: Vadim Anatolievich Malyshenko
Author-X-Name-First: Vadim Anatolievich
Author-X-Name-Last: Malyshenko
Author-Name: Marina Viktorovna Anashkina
Author-X-Name-First: Marina Viktorovna
Author-X-Name-Last: Anashkina
Title: Dynamics of the securities market in the information asymmetry context: developing a methodology for emerging securities markets
Abstract:
Developing a system of indicators that reflects the degree to which the securities market fulfils its key functions, is essential to assess the level of its development. In the conditions of asymmetric information it can also provide effective policies for securities market development. This paper is aimed to develop a set of indicators to assess the securities market performance, especially in the asymmetric information context. To this goal, we selected the Russian securities market as a case of asymmetric information context, in comparison with other post-Soviet countries, to investigate its success and failure in fulfilling its key functions. Regarding this, we developed research hypotheses and we conducted a normative research method, based on an ideal model of market functioning that is used as a criterion for testing the hypotheses. The results offer an original scale for assessing the performance of securities market of its functions. The findings also help practitioners with effective policy making in securities market regulation and its development toward its ideal state. The key contribution of this research is in developing a new scale for determining the performance and efficiency of the securities market, based on the conditions of information asymmetry.
Journal: Global Business and Economics Review
Pages: 89-114
Issue: 2
Volume: 25
Year: 2021
Keywords: financial markets; information asymmetry; market functions; securities market performance.
File-URL: http://www.inderscience.com/link.php?id=118207
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:2:p:89-114

Template-Type: ReDIF-Article 1.0
Author-Name: Dnyaneshwar Gudadhe
Author-X-Name-First: Dnyaneshwar
Author-X-Name-Last: Gudadhe
Author-Name: Nisha Bharti
Author-X-Name-First: Nisha
Author-X-Name-Last: Bharti
Title: Evolution of microfinance: a systematic literature analysis and future road map
Abstract:
This paper is an explicit work on two aspects of the microfinance industry, evolution and performance. For the study of microfinance evolution, a systematic study approach is followed using available literature from 1975 to 2020. For the review purpose, we have used EBSCO and Google Scholar for regular search, and Emerald Insight, Science Direct, and Web of Science for the preliminary review of the literature. For analysis and visualisation, we have used the VOS application for the review discussion. We found the evolution of microfinance is a widely studied subject in developed countries compared to other economies of the world. The study evidenced that there are various research gaps and challenges in the microfinance sector. We have developed a future road map for microfinance progression and the first time introducing 7S techniques of performance measurement.
Journal: Global Business and Economics Review
Pages: 115-132
Issue: 2
Volume: 25
Year: 2021
Keywords: evolution; systematic review; performance; microfinance; microfinance institutions; MFIs; development; public finance.
File-URL: http://www.inderscience.com/link.php?id=118208
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:2:p:115-132

Template-Type: ReDIF-Article 1.0
Author-Name: R. Ganesh
Author-X-Name-First: R.
Author-X-Name-Last: Ganesh
Author-Name: S. Thiyagarajan
Author-X-Name-First: S.
Author-X-Name-Last: Thiyagarajan
Author-Name: G. Naresh
Author-X-Name-First: G.
Author-X-Name-Last: Naresh
Title: Appealing for investors through IPO advertisements
Abstract:
Companies sometime advertise their products and potential for growth before issuing new stocks or bonds in the market. In the beginning, advertisements for IPOs and mutual funds were primarily attention-drawing. They lacked many important disclosures like price-related information, company information, use of proceeds, etc. making optimal investment decisions. Later advertisements have become more responsible, with the complete disclosure of possible returns and risks. Disclosure of information increases the acceptability of the company among investors leading to more efficient investment decisions. The present study aims to determine the impact of IPO advertisements on Indian investors and the influence of various possible biases that could make those investors make irrational decisions. Primary data collected through structured interview from the investors, is used for the study. The findings confirm that in India, investors who go for IPOs demand more useful and trustworthy disclosures in the advertisements and brochures brought out by the firms. The results are expected to interest academicians and firms who intend to float shares in the primary market.
Journal: Global Business and Economics Review
Pages: 133-153
Issue: 2
Volume: 25
Year: 2021
Keywords: initial public offer; marketing; advertisements; retail investors; ad bias and reputation bias.
File-URL: http://www.inderscience.com/link.php?id=118209
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:2:p:133-153

Template-Type: ReDIF-Article 1.0
Author-Name: Kamel Helali
Author-X-Name-First: Kamel
Author-X-Name-Last: Helali
Author-Name: Maha Kalai
Author-X-Name-First: Maha
Author-X-Name-Last: Kalai
Title: Threshold effect of foreign direct investment on economic growth: new evidence from a panel regime switching models
Abstract:
The article contributes to the existing literature by examining the nonlinear effect of foreign direct investment (FDI) on the development of the Arab Maghreb Union (AMU) countries during 1980-2019. These countries multiply their FDI attraction policies in order to enrich the national externalities offered to local businesses and benefit from some positive effects on their economy in terms of growth, technology, know-how, etc. Using panel smooth transition regression (PSTR) model and panel smooth transition autoregressive (PSTAR) models, our findings reveal that the FDI shows opposite effects below and over the estimated threshold. This highlights the asymmetrical effect of unforeseen shocks on its volatility. Policy implications are also discussed.
Journal: Global Business and Economics Review
Pages: 177-205
Issue: 2
Volume: 25
Year: 2021
Keywords: foreign direct investment; FDI; economic growth; Arab Maghreb Union; AMU; panel regime switching model.
File-URL: http://www.inderscience.com/link.php?id=118212
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:2:p:177-205

Template-Type: ReDIF-Article 1.0
Author-Name: Sonia Chawla
Author-X-Name-First: Sonia
Author-X-Name-Last: Chawla
Author-Name: Seema Rani
Author-X-Name-First: Seema
Author-X-Name-Last: Rani
Title: What determines non-performing loans? A systematic literature survey and directions for prospective research
Abstract:
The issue of non-performing loans (NPLs) has been ascribed great pertinence by policy makers, in India and worldwide as well, and presently been tackled with diverse initiatives. Any regulatory and policy initiative demands in-depth insights of the underlying determinants of the same. The increased data available on NPLs has enabled the researchers to conduct more exhaustive research. The present study is a systematic literature survey of 63 studies of peer reviewed journals, on determinants of NPLs, relating to a period from 1987 to 2020. For exhibiting new interpretation, we have integrated three broader dimensions of NPLs viz. macroeconomic, bank-specific and credit/debt-specific and employed an open coding process. This process of literature synthesis took us to 11 sub-groups. The outcome exhibits that still there is a dearth of in-depth understanding of the interaction of credit specific events with external and bank-specific factors and entitles for more research endeavours.
Journal: Global Business and Economics Review
Pages: 154-176
Issue: 2
Volume: 25
Year: 2021
Keywords: non-performing loans; NPLs; determinants; open coding process; disaggregated aspects; literature review.
File-URL: http://www.inderscience.com/link.php?id=118213
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:2:p:154-176

Template-Type: ReDIF-Article 1.0
Author-Name: Pankaj Kumar Gupta
Author-X-Name-First: Pankaj Kumar
Author-X-Name-Last: Gupta
Author-Name: Prabhat Mittal
Author-X-Name-First: Prabhat
Author-X-Name-Last: Mittal
Author-Name: Amrita Kaur
Author-X-Name-First: Amrita
Author-X-Name-Last: Kaur
Title: Analysing time-frequency relationship between COVID-19 and FII trading activities using wavelet coherence analysis
Abstract:
Recently, the emerging markets like India have exhibited huge volatility due to trading activities of FIIs in the pandemic situation due to COVID-19. The fear of a lockdown situation during the pandemic raised concerns among the market participants and the investors that resulted in a steep fall of 27% in NIFTY50 during 10-23 March 2020. The infusion and withdrawal of portfolio investments have added research dimension as to whether the trading behaviour is due to pandemic and subsequent government actions or has resulted from the other markets like the oil crisis. This paper uses wavelet coherence analysis to examine the co-movement of COVID-19 cases and net investments from FIIs during the different phases of the lockdown period.
Journal: Global Business and Economics Review
Pages: 383-399
Issue: 3/4
Volume: 25
Year: 2021
Keywords: foreign institutional investors; FII; NIFTY50; wavelet coherence.
File-URL: http://www.inderscience.com/link.php?id=118726
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:383-399

Template-Type: ReDIF-Article 1.0
Author-Name: Shakila Yasmin
Author-X-Name-First: Shakila
Author-X-Name-Last: Yasmin
Author-Name: Md. Mohiuddin
Author-X-Name-First: Md.
Author-X-Name-Last: Mohiuddin
Title: A meta-analysis of the role of working capital management on firm profitability
Abstract:
Working capital management (WCM) is an important function that influences firm performance. Researchers have widely investigated the role of WCM on firm profitability and found diverse results in different contexts. In order to make an overarching conclusion about the role of WCM on firm profitability, this research conducts quantitative meta-analysis of 46 research articles on this topic. One hundred ninety eight regression models and 248 correlation measures have been aggregated by adopting Hunter et al.'s (1982) three-step methodology. Results indicate that profitability is negatively influenced by efficiency and aggressiveness of strategies in relation to WCM. However, liquidity shows positive impact on profitability. Significant moderating and/or control variables include firm size, growth, age, asset intangibility, leverage, firm risk and overall economic growth. Practitioners may use the aggregate model developed by this study in determining the optimum level WCM efficiency, strategies, and liquidity for given states of the moderating and/or control variables.
Journal: Global Business and Economics Review
Pages: 400-423
Issue: 3/4
Volume: 25
Year: 2021
Keywords: meta-analysis; profitability; working capital management; WCM.
File-URL: http://www.inderscience.com/link.php?id=118727
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:400-423

Template-Type: ReDIF-Article 1.0
Author-Name: Zhanna S. Belyaeva
Author-X-Name-First: Zhanna S.
Author-X-Name-Last: Belyaeva
Title: Impact investment effects on sustainable development in BRICS countries
Abstract:
Over the past 30 years, concepts of social and impact investments have evolved, however a little has been published in respect to measure it in so called BRICS emerging economies. Impact investments underlie a wide 'continuum of influence' that comes from philanthropy to sustainable investments that are being pursued by corporations looking to achieve integrative financial and social impact effects. The qualitative approach to impact investments is expanding every year, and the BRICS countries are also increasing their share in the total impact investments market. The paper outlines methodology for assessing the level of impact investment in the BRICS countries. The dataset is collected from listed BRICS companies' annual reports within five years. Econometric analysis conducted in the paper allowed estimating sustainable development effects and its positive correlation with prosperity of BRICS countries. The novel outline provided prospects for regulating impact investments in the BRICS countries.
Journal: Global Business and Economics Review
Pages: 368-382
Issue: 3/4
Volume: 25
Year: 2021
Keywords: impact-investment; CSR; BRICS countries; profitability; financial results; ROA.
File-URL: http://www.inderscience.com/link.php?id=118731
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Handle: RePEc:ids:gbusec:v:25:y:2021:i:3/4:p:368-382

Template-Type: ReDIF-Article 1.0
Author-Name: Khoa Truong An Nguyen
Author-X-Name-First: Khoa Truong An
Author-X-Name-Last: Nguyen
Author-Name: Khuong Ngoc Mai
Author-X-Name-First: Khuong Ngoc
Author-X-Name-Last: Mai
Author-Name: Minh Man Cao
Author-X-Name-First: Minh Man
Author-X-Name-Last: Cao
Title: Investigating the relationship between CSR and financial performance based on corporate reputation: evidence from Vietnamese enterprises
Abstract:
This study investigates the relationship between corporate social responsibility (CSR) practices and financial performance as mediated by corporate reputation in a developing context. A total of 869 respondent firms from the manufacturing, real estate, trade, and service sectors participated in the research. Factor analysis and structuring equation modelling were used to investigate the direct and indirect effects of the identified factors. The results showed CSR practices positively affect financial performance mediated by corporate reputation. However, CSR practices in the legal, environmental, and philanthropic area have positive effects, while economy-oriented CSR practices do not show any significant effect. As such, firms should invest more in CSR in legal, philanthropic, and environmental areas to improve corporate reputation, which in turn leads to good financial performance.
Journal: Global Business and Economics Review
Pages: 107-127
Issue: 2
Volume: 24
Year: 2021
Keywords: corporate social responsibility; CSR; financial performance; reputation; managerial perception; business sectors.
File-URL: http://www.inderscience.com/link.php?id=113118
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:2:p:107-127

Template-Type: ReDIF-Article 1.0
Author-Name: Micaela Pinho
Author-X-Name-First: Micaela
Author-X-Name-Last: Pinho
Author-Name: Ana Pinto Borges
Author-X-Name-First: Ana Pinto
Author-X-Name-Last: Borges
Title: Healthcare professionals' attitudes concerning prioritisation decisions: a quali-quantitative analysis in Angola
Abstract:
Bedside rationing decisions are a necessary evil in the context of resource scarcity. The ethical values inherent in decisions about who to treat make interprofessional collaboration between health professionals essential. We evaluate and compare the attitudes of Angolan physicians and nurses towards patient's prioritisation decisions and the rationing principles supported. Faced with rationing scenarios comprising of four-patient respondents should: 1) select the only patient to treat, explaining their choice; 2) establish a patient care sequential order. Non-parametric tests and multinomial logistic regressions were performed to compare patient's choice between both groups and explore relations between socio-demographic, health and health-related behaviours and patient top priority assigned. Content analysis was used to explore the reasons for patients' selection. Findings suggest that physicians and nurses share similar views, suggesting no tensions regarding patient's prioritisation. Respondents support health maximisation, severity and fair-innings as rationing principles while waiting time and health-related behaviours were undervalued.
Journal: Global Business and Economics Review
Pages: 128-146
Issue: 2
Volume: 24
Year: 2021
Keywords: health economics; rationing principles; patient's selection; explicit healthcare rationing; attitudes of health professionals; Angola.
File-URL: http://www.inderscience.com/link.php?id=113120
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:2:p:128-146

Template-Type: ReDIF-Article 1.0
Author-Name: Yongseung Han
Author-X-Name-First: Yongseung
Author-X-Name-Last: Han
Author-Name: Eréndira Yareth Vargas López
Author-X-Name-First: Eréndira Yareth Vargas
Author-X-Name-Last: López
Author-Name: Myeong Hwan Kim
Author-X-Name-First: Myeong Hwan
Author-X-Name-Last: Kim
Title: Econometric search of undocumented workers in the USA
Abstract:
This study seeks to find where undocumented workers reside in the USA. By postulating that the US destination of an undocumented worker is affected by socio-economic factors, an equation is estimated using the standard panel-data methods. A static panel-data estimation (fixed-effects and random effects) does not reveal a meaningful relation between undocumented workers and other factors. The Arellano-Bond estimation, in which the previous level of undocumented workers are used as a proxy for a network, provides statistically significant relations at the 0.05 level; the number of undocumented workers in a state is determined by the state's socio-economic factors such as economic conditions (e.g., unemployment rate and household income) and social factors necessary to form a network (e.g., foreign-born population, Hispanic population, urban population, the number of households having limited English-speaking ability and the previous level of undocumented workers). Among these factors, the previous level of undocumented workers has the largest impact on the current level of undocumented workers.
Journal: Global Business and Economics Review
Pages: 248-260
Issue: 3
Volume: 24
Year: 2021
Keywords: undocumented worker; illegal immigration; economic migration; real wage; unemployment rate; household income.
File-URL: http://www.inderscience.com/link.php?id=114656
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:248-260

Template-Type: ReDIF-Article 1.0
Author-Name: Ashwani Bishnoi
Author-X-Name-First: Ashwani
Author-X-Name-Last: Bishnoi
Title: Drivers of corporate domestic investment: regional analysis for India
Abstract:
Investment analysis at regional level has remained a major thrust area among policymakers for balanced regional development of an economy. This paper assesses the drivers of corporate investment in India using a panel data of 16 states for the period 1999-2017. The study employs generalised method of moments (GMM) estimators and gives more focus on financial condition-based dimension which has been overlooked by the existing literature. The way in which financial conditions affect the firms' investment decision is important for an effective design of monetary policy. Empirical results confirm the roles of various factors with varying magnitude and direction. These factors include, fiscal policy, access of financial resources - be it the bank credit or the internal source of finance, the efficiency components covered through productivity and costs, infrastructural facilities, government effectiveness and financial pressure variables.
Journal: Global Business and Economics Review
Pages: 147-165
Issue: 2
Volume: 24
Year: 2021
Keywords: private investment; infrastructure; financial pressure; panel data; GMM India; India.
File-URL: http://www.inderscience.com/link.php?id=113121
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:2:p:147-165

Template-Type: ReDIF-Article 1.0
Author-Name: Nattawut Jenwittayaroje
Author-X-Name-First: Nattawut
Author-X-Name-Last: Jenwittayaroje
Title: Testing weak-form market efficiency in the Stock Exchange of Thailand
Abstract:
This research tests the weak-form market efficiency, one of the most important financial theories, on the stock indices of the Stock Exchange of Thailand (SET), namely, SET, SET50, SET100, SETHD, sSET, and MAI indices during the period from January 2002 to May 2019. This study employs three well-known weak-form market efficiency tests: autocorrelation tests, runs tests, and variance ratio tests (Lo and MacKinlay, 1988). The results show that SET, SET50, SET100, and SETHD indices become more weak-form efficient over time, suggesting that any strategy based on past returns to predict future returns is futile. However, sSET and MAI indices are not weak-form efficient, and show no sign of improved efficiency over time, thereby enabling the creation of trading strategies to earn abnormal returns, using past returns to predict future returns.
Journal: Global Business and Economics Review
Pages: 211-224
Issue: 3
Volume: 24
Year: 2021
Keywords: weak-form market efficiency; random walk; stock index; total return; Stock Exchange of Thailand; SET; Thailand.
File-URL: http://www.inderscience.com/link.php?id=114657
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:211-224

Template-Type: ReDIF-Article 1.0
Author-Name: Syahrin Suhaimee
Author-X-Name-First: Syahrin
Author-X-Name-Last: Suhaimee
Author-Name: Mohd Azlan Shah Zaidi
Author-X-Name-First: Mohd Azlan Shah
Author-X-Name-Last: Zaidi
Author-Name: Noorasiah Sulaiman
Author-X-Name-First: Noorasiah
Author-X-Name-Last: Sulaiman
Author-Name: Jafri Zulkepli
Author-X-Name-First: Jafri
Author-X-Name-Last: Zulkepli
Title: Impact of financial development on income inequality: evidence from system dynamics approach
Abstract:
This paper examines the impact of financial development on income inequality from the dimensions of the banking sector and the stock market from 1970 to 2019 by utilising the system dynamics approach to analyse the dynamic feedback system of multiple variables. Results show that the banking sector development has higher impact on reducing income inequality than that of the stock market development. Although financial deepening has the highest impact on reducing income inequality towards 2050, the GDP output is lower than that of the GDP output in banking sector development. Thus, the growth in the banking sector is favourable compared to the improvement in other financial indicators. To achieve more equitable distribution of income and sustainable economic growth, both the government and the private sectors need to play their roles in providing better financial services to the people.
Journal: Global Business and Economics Review
Pages: 225-247
Issue: 3
Volume: 24
Year: 2021
Keywords: income inequality; banking sector; stock market; financial activity; financial deepening; financial size; system dynamics; financial development.
File-URL: http://www.inderscience.com/link.php?id=114658
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:225-247

Template-Type: ReDIF-Article 1.0
Author-Name: Yogesh Misra
Author-X-Name-First: Yogesh
Author-X-Name-Last: Misra
Author-Name: Vibhash Kumar
Author-X-Name-First: Vibhash
Author-X-Name-Last: Kumar
Author-Name: Vanita Tripathi
Author-X-Name-First: Vanita
Author-X-Name-Last: Tripathi
Title: An evidence-based study on competency adoption framework and assessing its impact on organisational performance
Abstract:
Companies have invested heavily in competency-based HR systems without having established guidelines on its implementation. This research studies the adoption of the competency framework in HR, along with perceived organisation performance (POP) and financial organisation performance (FOP). The study solicited research sample from the senior HR heads (N = 175) of equity index companies listed in recognised stock exchanges of India. This study proposes a competency adoption framework (CAFRMW) to measure the extent of adoption and evaluates the ability of CAFRMW to predict perceived and market-based performance measures effectively. The significant findings highlight that successful adoption of competency depends upon succinct documentation and formal communication of the same. Additionally, making competency accessible, contemporary, and training-appropriate is the key to success.
Journal: Global Business and Economics Review
Pages: 166-192
Issue: 2
Volume: 24
Year: 2021
Keywords: competency adoption framework; CAFRMW; HR practices; organisational performance; structural equation modelling.
File-URL: http://www.inderscience.com/link.php?id=113123
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:2:p:166-192

Template-Type: ReDIF-Article 1.0
Author-Name: Abdul-Aziz Iddrisu
Author-X-Name-First: Abdul-Aziz
Author-X-Name-Last: Iddrisu
Author-Name: Imhotep Paul Alagidede
Author-X-Name-First: Imhotep Paul
Author-X-Name-Last: Alagidede
Title: Is the monetary policy behaviour of the South African Reserve Bank nonlinear?
Abstract:
In spite of the apparent asymmetry in monetary policy behaviour, monetary policy rule exposition continues to be carried out in the linear context. The burgeoning literature on nonlinear monetary policy rules fail to capture nonlinearity appropriately, putting the precision and accuracy of such estimates in doubt for policy purposes. With the aid of sample splitting and threshold estimation technique, the current study considers the monetary policy behaviour and responses of the South African Reserve Bank (SARB) in the Taylor rule context. The chosen technique delivers a threshold estimate after 5,000 bootstrap replications with confidence intervals based on asymptotic theory devoid of nuisance parameters. The study finds nonlinear Taylor rule to adequately capture the policy behaviour of the SARB with threshold inflation of 5.2% and asymmetric responses below and above this threshold.
Journal: Global Business and Economics Review
Pages: 193-209
Issue: 2
Volume: 24
Year: 2021
Keywords: monetary policy; Taylor rule; sample splitting; inflation targeting; threshold estimation.
File-URL: http://www.inderscience.com/link.php?id=113124
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:2:p:193-209

Template-Type: ReDIF-Article 1.0
Author-Name: Quang Canh Le
Author-X-Name-First: Quang Canh
Author-X-Name-Last: Le
Author-Name: Tuyet Nhung Do
Author-X-Name-First: Tuyet Nhung
Author-X-Name-Last: Do
Title: Sub-national governance quality and economic growth: a cross-region study in Vietnam
Abstract:
This study argues that sub-national governance affects economic performance not only cross-country but also cross-region within a country where local authorities interpret and apply the policies differently, and the impact of sub-national governance on economic performance is different from the size of the provincial economy. Using datasets collected at the provincial level and the generalised method of moment models for dynamic panel data with two-step and robust standard error procedures, this paper suggests that better sub-national governance is associated with higher provincial economic growth and the effects do not uniform regarding measures of sub-national governance. The impacts of sub-national governance on economic growth is mitigated in larger provinces. These results shed light on how economic growth arises in response to institutional changes in a transitional economy like Vietnam.
Journal: Global Business and Economics Review
Pages: 279-295
Issue: 3
Volume: 24
Year: 2021
Keywords: sub-national governance; economic growth; cross-regional; Vietnam.
File-URL: http://www.inderscience.com/link.php?id=114660
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:279-295

Template-Type: ReDIF-Article 1.0
Author-Name: S.M. Masudur Rahman
Author-X-Name-First: S.M. Masudur
Author-X-Name-Last: Rahman
Author-Name: Abu Naser Mohammad Saif
Author-X-Name-First: Abu Naser Mohammad
Author-X-Name-Last: Saif
Title: Performance evaluation of some listed companies: insights from Dhaka Stock Exchange in Bangladesh
Abstract:
The present study unveils the key determinants of profitability that is the measure of performance for a company. The profitability measurement indicators ROA, ROE have been set as dependent variables, and macroeconomic factors like GDP, inflation, and company determinants like total asset, capital adequacy, net revenue margin, and the liquidity are set as independent variables. Natural log has been taken for total asset, GDP, and inflation as we considered the percentage change of the variables. It is found that in the case of ROA, four independent variables have a significant impact on ROA, but all are company determinants, no macroeconomic indicators have a remarkable influence on ROA. And in the case of ROE, it is revealed that only two variables, total asset, and GDP are meaningful and all other independent variables are insignificant. So, from the ROE side, it is found that NRM, liquidity, and capital adequacy are not significant variables. But for ROA, only two variables (GDP, inflation) are not significant. R<SUP align="right"><SMALL>2</SMALL></SUP> is also higher for ROA (.8327) than R square for ROE (.1481).
Journal: Global Business and Economics Review
Pages: 261-278
Issue: 3
Volume: 24
Year: 2021
Keywords: return on assets; ROA; return on equity; ROE; asset size; capital adequacy; liquidity; net revenue margin; NRM; gross domestic product; GDP; inflation.
File-URL: http://www.inderscience.com/link.php?id=114661
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:261-278

Template-Type: ReDIF-Article 1.0
Author-Name: Anusha Goel
Author-X-Name-First: Anusha
Author-X-Name-Last: Goel
Title: India's inclusive growth - an approach based on TOPSIS method
Abstract:
This study analyses the achievement of 32 Indian states and union territories in the inclusiveness of financial system, their relative position, major emerging trends and computes the rate of growth during a period of 2000-2001 to 2016-2017. The level of inclusion is determined using technique of order preference by similarity to ideal solution (TOPSIS) method and growth rate is computed by log linear regression model. The results indicate that states and union territories have secured different level of inclusiveness of financial system. While the situation has seen tremendous improvement in approximately 20% states/union territories, it has faced significant decline in 13% states/union territories. There is no robust change in as many as 70% states/union territories. These dynamics in the extent of financial inclusion will act as a guide in policy formulation by concerned authorities.
Journal: Global Business and Economics Review
Pages: 296-315
Issue: 3
Volume: 24
Year: 2021
Keywords: banking; financial inclusion; growth; India; index; TOPSIS method; services; states; union territories.
File-URL: http://www.inderscience.com/link.php?id=114663
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Handle: RePEc:ids:gbusec:v:24:y:2021:i:3:p:296-315