Template-Type: ReDIF-Article 1.0 Author-Name: Abdellah Abaida Author-X-Name-First: Abdellah Author-X-Name-Last: Abaida Author-Name: Youssef Lakrari Author-X-Name-First: Youssef Author-X-Name-Last: Lakrari Author-Name: Nour Eddine Aguenane Author-X-Name-First: Nour Eddine Author-X-Name-Last: Aguenane Author-Name: Nesrine Nouasse Author-X-Name-First: Nesrine Author-X-Name-Last: Nouasse Author-Name: Cheikh Naama Ma El Ainin Author-X-Name-First: Cheikh Naama Ma El Author-X-Name-Last: Ainin Title: Fiscal policy and business cycle dynamics in Morocco: an empirical study Abstract: A sustainable fiscal policy is expected to perform a countercyclical behaviour in order to stabilise economic growth during business cycles fluctuations. This requires increasing public spending during recessions and decreasing it during expansions, while public taxes move in the opposite direction. As a result, budget deficits increase during recessions and decrease during expansions. Although this pattern of fiscal policy is prevalent in most advanced economies, emerging and developing economies tend to adopt a procyclical policy due to economic and political factors such as debt level, inflation or institutions effectiveness. Through a benchmarking approach, our study explores the dynamic relationship between fiscal policy and the business cycle in Morocco. Our results suggest that Morocco pursues a procyclical fiscal policy that is largely influenced by the business cycle fluctuations, and this conclusion is supported by robustness checks. This could potentially lead to a crowding-out effect on economic growth and weaken the impact of fiscal policy multipliers. Our research contributes to the growing body of empirical evidence on fiscal policy cyclicality in developing countries and highlights the urgent need for a transition towards a sustainable fiscal policy framework. Journal: Global Business and Economics Review Pages: 273-296 Issue: 3 Volume: 31 Year: 2024 Keywords: fiscal policy; countercyclical; procyclical; business cycle; fiscal multipliers; Morocco. File-URL: http://www.inderscience.com/link.php?id=140830 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:3:p:273-296 Template-Type: ReDIF-Article 1.0 Author-Name: Panagiotis A. Tsaknis Author-X-Name-First: Panagiotis A. Author-X-Name-Last: Tsaknis Author-Name: Alexandros G. Sahinidis Author-X-Name-First: Alexandros G. Author-X-Name-Last: Sahinidis Author-Name: Evangelos E. Vassiliou Author-X-Name-First: Evangelos E. Author-X-Name-Last: Vassiliou Author-Name: Apostolos N. Giovanis Author-X-Name-First: Apostolos N. Author-X-Name-Last: Giovanis Author-Name: Dimitris Stavroulakis Author-X-Name-First: Dimitris Author-X-Name-Last: Stavroulakis Author-Name: Georgia J. Tsakni Author-X-Name-First: Georgia J. Author-X-Name-Last: Tsakni Author-Name: Evagelia Paraskevadaki Author-X-Name-First: Evagelia Author-X-Name-Last: Paraskevadaki Title: Entrepreneurship education effects on entrepreneurial intention: how do the changes in the antecedents affect intention? Abstract: This study investigates the direct effects of entrepreneurship education on entrepreneurial intention, attitude, subjective norms, and perceived behavioural control, as well as its indirect effects on entrepreneurial intention through changes in elements of the theory of planned behaviour (TPB). An experimental design with a pre-test-post-test group was undertaken with 219 business students from a public Greek university who participated in the survey. The data were analysed using SPSS version 24 and MEMORE macro, which calculates mediation and moderation models for two-instance within repeated measure designs (Montoya, 2019). Results indicated that entrepreneurship education affected changes in perceived behavioural control and entrepreneurial intention in a positive manner. Also, it was found that entrepreneurship education affects entrepreneurial intention through the effects of education on perceived behavioural control. In this study, MEMORE macro was used to uncover new relationships between variables, which will contribute to the field of entrepreneurship and entrepreneurial education. Journal: Global Business and Economics Review Pages: 354-368 Issue: 3 Volume: 31 Year: 2024 Keywords: entrepreneurship education; entrepreneurial intention; perceived behavioural control; subjective norms; attitude; theory of planned behaviour; TPB. File-URL: http://www.inderscience.com/link.php?id=140833 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:3:p:354-368 Template-Type: ReDIF-Article 1.0 Author-Name: Jamilu Iliyasu Author-X-Name-First: Jamilu Author-X-Name-Last: Iliyasu Author-Name: Aliyu Rafindadi Sanusi Author-X-Name-First: Aliyu Rafindadi Author-X-Name-Last: Sanusi Title: Relative price shocks and core inflation in Nigeria: implication of second-round effects for monetary policy Abstract: This study employs a structural vector autoregression (SVAR) model to examine the second-round effects of shocks in food and energy prices on core inflation in Nigeria. First, the findings support the existence of second-round effects, showing that increases in energy and food prices have a positive and significant impact on core inflation. Second, the study finds that the response of core inflation to shocks in energy and food prices has increased since 2016. This study concludes that the sustained inflationary pressures in food and energy prices may have been transmitted to core inflation items in Nigeria. Furthermore, the evidence suggests that monetary tightening can help offset these second-round effects of food and energy price inflation. Therefore, one policy implication of this finding is that mitigating the second-round effects will require the Central Bank of Nigeria to aggressively respond to energy and food price shocks, though this may slow output growth. Journal: Global Business and Economics Review Pages: 383-403 Issue: 4 Volume: 30 Year: 2024 Keywords: food and energy price; core inflation; second-round effects; structural vector autoregression; SVAR; monetary policy; Nigeria. File-URL: http://www.inderscience.com/link.php?id=138791 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:4:p:383-403 Template-Type: ReDIF-Article 1.0 Author-Name: Mohamed Bechir Chenguel Author-X-Name-First: Mohamed Bechir Author-X-Name-Last: Chenguel Title: Corporate governance impact on financial performance: evidence from Asian listed companies Abstract: This study explores the relationship between specific governance mechanisms, namely shareholder activism, the independence of the audit committee, with the financial performance of Asian listed companies. The estimating methodology used panel data from a panel of 622 listed Asian companies observed from 2012 to 2019. We used three estimation methods to ensure the quality of the results. For our robustness estimation, we establish an endogeneity test for the shareholder activism variable and test its impact on financial performance. Our results revealed a positive and significant relationship between the financial performance variable gender diversity, activism and board independence variables. Other mechanisms had a negative impact such as the duality, independence of the audit committee. Finally, for the robustness check, the endogeneity test revealed that the shareholder activism variable is endogenous and directly the dependent variable of our model. Our contribution is to test the effect of shareholder activism as a governance mechanism, on the profitability of assets, especially in the Asian context with six countries. Journal: Global Business and Economics Review Pages: 466-484 Issue: 4 Volume: 30 Year: 2024 Keywords: corporate governance; financial performance; endogeneity test; shareholders activism. File-URL: http://www.inderscience.com/link.php?id=138793 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:4:p:466-484 Template-Type: ReDIF-Article 1.0 Author-Name: Poonam Mulchandani Author-X-Name-First: Poonam Author-X-Name-Last: Mulchandani Author-Name: Rajan Pandey Author-X-Name-First: Rajan Author-X-Name-Last: Pandey Author-Name: Byomakesh Debata Author-X-Name-First: Byomakesh Author-X-Name-Last: Debata Author-Name: Yaswanth Kumar Rayapati Author-X-Name-First: Yaswanth Kumar Author-X-Name-Last: Rayapati Author-Name: Abhrajit Sarkar Author-X-Name-First: Abhrajit Author-X-Name-Last: Sarkar Title: Women on boards: quota fillers or contributing members? Evidence from Indian IPO firms Abstract: Gender quotas on company boards have been a popular instrument for authorities looking to promote inclusion. India is one of the first emerging markets to implement gender quotas. India has accepted gender quotas by enacting the Corporations Act of 2013, which requires all publicly traded companies to have at least one female director. Using a hand-collected dataset on various board features, the current study intends to investigate the influence of board gender diversity on IPO listing gains. The study's findings show that the rule enacted under the Companies Act boosted gender diversity among enterprises after 2015, but not to the extent that it should have. Firms which, at face value, seemed to be complying with gender quotas actually end up appointing members from their own family and these quotas does not serve the purpose. Journal: Global Business and Economics Review Pages: 421-440 Issue: 4 Volume: 30 Year: 2024 Keywords: initial public offerings; IPOs; female directors; underpricing; quantile regression; gender quotas; family ties. File-URL: http://www.inderscience.com/link.php?id=138794 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:4:p:421-440 Template-Type: ReDIF-Article 1.0 Author-Name: Aparajita Gupta Author-X-Name-First: Aparajita Author-X-Name-Last: Gupta Author-Name: Anil K. Sharma Author-X-Name-First: Anil K. Author-X-Name-Last: Sharma Title: Factors driving private investments in PPP infrastructure projects in emerging economies: an empirical evaluation Abstract: An agreement between the public and private sectors known as a public-private partnership (PPP) entails the private organisation providing infrastructure assets and services that the government would typically offer. The popularity of PPPs has gradually increased over recent years. The study empirically examines the developmental and governance factors that influence private sector attraction in PPPs in 114 emerging economies. The study utilises the World Bank's private participation in infrastructure (PPI) database for the period 2001-2020. PPP arrangements are primarily utilised to bridge the infrastructure gap in countries that cannot commit their internal financial resources to infrastructure development. The current study focuses primarily on emerging economies where the infrastructure gap is significant and the requirements for PPP infrastructure arrangements more acute than in other countries. The findings of the study imply that markets with large sizes and comparatively higher incomes attract more PPP initiatives. Macroeconomic stability, regulatory quality, and governance appear to be crucial factors influencing PPPs in infrastructure. The findings of our study do not support the idea that the political environment played a role in the process. Journal: Global Business and Economics Review Pages: 441-465 Issue: 4 Volume: 30 Year: 2024 Keywords: public-private partnerships; PPPs; infrastructure; emerging economies; governance factors; macroeconomic stability. File-URL: http://www.inderscience.com/link.php?id=138796 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:4:p:441-465 Template-Type: ReDIF-Article 1.0 Author-Name: Dorsaf Ben Aissia Author-X-Name-First: Dorsaf Ben Author-X-Name-Last: Aissia Author-Name: Nizar Neffati Author-X-Name-First: Nizar Author-X-Name-Last: Neffati Title: Measuring stocks returns and investor sentiment spillovers in developed markets Abstract: This study investigates the spillover of returns and investor sentiment in developed markets during the global financial crisis periods. Based on data from six developed stock market indexes ranging from January 1995 to December 2020, it uses the methodology introduced by Diebold and Ylmaz (2014) and its dynamic extensions. Findings show that local sentiment measures are interconnected. Moreover, our results suggest that sentiment connectedness across the analysed stock market indexes are more pronounced during the global financial crisis periods. Journal: Global Business and Economics Review Pages: 1-22 Issue: 1 Volume: 31 Year: 2024 Keywords: spillovers; investor sentiment metrics; stocks market returns; connectedness; global financial crisis. File-URL: http://www.inderscience.com/link.php?id=139309 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:1:p:1-22 Template-Type: ReDIF-Article 1.0 Author-Name: P.A. Ibrahim Author-X-Name-First: P.A. Author-X-Name-Last: Ibrahim Title: Entrepreneurial intention of return emigrants: role of migration experiences and access of finance Abstract: Despite the reintegration of migrants in their home country as an emerging socio-economic issue, this study explores the determinants of the entrepreneurial intention of return migrants and argues that entrepreneurship is an effective tool to reintegrate the returnees without harming the socio-economic balance of the economy. The study applied a modified version of the theory of planned behaviour (TPB) with migration experience and access to finance to examine the entrepreneurial intention of returnees. Required data was sourced from 217 returnees of India who have started their enterprises for the permanent settlement and analysed with a structural equation model (SEM). The study found that migration experience and access to finance are significant predictors of entrepreneurial behaviour of returnees along with the factors of TPB; however, the personal attitude to entrepreneurship was not a determinant in the proposed model. The study highlights the promotion of entrepreneurship among returnees has multifaceted effects on the socio-economic growth of the home country. Journal: Global Business and Economics Review Pages: 485-512 Issue: 4 Volume: 30 Year: 2024 Keywords: entrepreneurial intention; migration experiences; finance; theory of planned behaviour; TPB; structural equation model; SEM. File-URL: http://www.inderscience.com/link.php?id=138798 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:4:p:485-512 Template-Type: ReDIF-Article 1.0 Author-Name: Biswajit Ghose Author-X-Name-First: Biswajit Author-X-Name-Last: Ghose Author-Name: Leo Themjung Makan Author-X-Name-First: Leo Themjung Author-X-Name-Last: Makan Author-Name: Kailash Chandra Kabra Author-X-Name-First: Kailash Chandra Author-X-Name-Last: Kabra Title: Carbon emission intensity, energy management practices and financial leverage: evidence from emerging Indian economy Abstract: This study investigates the impact of carbon emission intensity (CEI) and energy management practices on firms' financial leverage. Besides, the study also examines moderating role of energy management practices in the relationship between CEI and financial leverage. Using panel fixed effect model on a dataset of 66 listed firms over the period of five years from 2015-2016 to 2019-2020, the study finds negative impact of carbon intensity on firms' financial leverage indicating a direct association between carbon intensity and cost of debt. Further, the negative impact of carbon intensity on leverage is observed to be higher in case of firms undertaking energy management practices. The results suggest that firms should strive for decreasing the carbon footprints to take advantage of more debt in capital structure. Further, firms should strategically invest in energy management practices so that the same helps in attenuating the adverse impact of carbon intensity on leverage. Journal: Global Business and Economics Review Pages: 23-43 Issue: 1 Volume: 31 Year: 2024 Keywords: carbon emission intensity; CEI; energy management practices; energy audit; financial leverage; capital structure; debt; panel data; fixed effect model; emerging economy; India. File-URL: http://www.inderscience.com/link.php?id=139311 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:1:p:23-43 Template-Type: ReDIF-Article 1.0 Author-Name: Jitender Kumar Author-X-Name-First: Jitender Author-X-Name-Last: Kumar Author-Name: Anjali Ahuja Author-X-Name-First: Anjali Author-X-Name-Last: Ahuja Title: Financial inclusion: key determinants and its impact on financial well-being Abstract: The present study highlights the key determinants of financial inclusion (access, technology, financial literacy, affordability, and trust) and its impact on the financial well-being of low-income respondents in India. Through self-administered questionnaires, we collect data using convenience-cum-judgemental sampling from 404 low-income respondents of the National Capital Region of India. The study uses factor analysis to identify the key determinants of financial inclusion and its impact on financial well-being. We use partial least squares structural equation modelling to examine the framed hypotheses. The study demonstrates five key determinants of financial inclusion, i.e., access, affordability, financial literacy, technology, and trust. These five factors drive a 78.70% (coefficient of determination, R<SUP align="right"><SMALL>2</SMALL></SUP>) variation in financial inclusion. Further, financial inclusion influences a 27.1% variation in financial well-being. The study's outcome will facilitate academics, policymakers, aspiring researchers, and the general public to ensure the financial well-being of low-income respondents through financial inclusion activities. Journal: Global Business and Economics Review Pages: 330-353 Issue: 3 Volume: 31 Year: 2024 Keywords: financial inclusion; exploratory factor analysis; EFA; financial literacy; financial well-being; India. File-URL: http://www.inderscience.com/link.php?id=140847 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:3:p:330-353 Template-Type: ReDIF-Article 1.0 Author-Name: Wajeeha Baig Author-X-Name-First: Wajeeha Author-X-Name-Last: Baig Author-Name: Zia-ur-Rehman Rao Author-X-Name-First: Zia-ur-Rehman Author-X-Name-Last: Rao Author-Name: Mahnoor Fatima Author-X-Name-First: Mahnoor Author-X-Name-Last: Fatima Author-Name: Muhammad Usman Author-X-Name-First: Muhammad Author-X-Name-Last: Usman Title: The role of national culture in stock volatility: evidence from international stock markets Abstract: This research aims to examine the impact of national culture on the stock market volatility of international stock markets. By using the daily data from 50 international stock markets from 2011 to 2020, we have examined monthly stock market volatility through realised volatility (RV). We have checked the impact of Hofstede's six cultural dimensions, namely individualism, masculinity, uncertainty avoidance, long-term orientation, power distance, and indulgence on the stock market volatility of major world indices. To check whether national culture has an impact on volatility or not, different regression models were run. Finally, the findings of our study show that six cultural dimensions have different significant influences on the stock market volatility of international stock markets. The findings of this study can assist investors in determining the strategy for limiting their risk in an international diversification portfolio and is also useful to identify which market conditions are appropriate for investment. Journal: Global Business and Economics Review Pages: 44-61 Issue: 1 Volume: 31 Year: 2024 Keywords: cultural dimensions; stock markets; realised volatility; major world indices. File-URL: http://www.inderscience.com/link.php?id=139313 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:1:p:44-61 Template-Type: ReDIF-Article 1.0 Author-Name: Kritika Shukla Author-X-Name-First: Kritika Author-X-Name-Last: Shukla Author-Name: Vibhash Kumar Author-X-Name-First: Vibhash Author-X-Name-Last: Kumar Title: Psychological biases and contextual factors as the determinants of financial satisfaction: an evidence-based study on individual investment decisions Abstract: This research study identifies, confirms, and integrates individual investors' psychographics within the contextual environment framework and the psychological biases. The study investigates the financial satisfaction level of investors and examines its relationship with investment decision-making. We empirically examined the conceptual framework by administering constructed instruments to the investors (n = 405). For examining the structural relationships, we have used covariance-based structural equation modelling (SEM). We have found that contextual factors like brand perception of investment, economic fundamentals, and individual financial needs are positively associated with investor sentiments. Additionally, we established that psychological biases like overconfidence, hindsight, illusion of control, loss aversion, and status quo are positively associated with investors' financial satisfaction. The study's findings suggest that more financially satisfied investors will likely have higher investment volume, higher investment frequency, and lower investment duration. This study's contributions enrich the behavioural finance literature and hold practical relevance for practitioners and policymakers. Journal: Global Business and Economics Review Pages: 91-117 Issue: 1 Volume: 31 Year: 2024 Keywords: contextual factors; psychological biases; financial satisfaction; investment decisions; individual investors. File-URL: http://www.inderscience.com/link.php?id=139314 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:1:p:91-117 Template-Type: ReDIF-Article 1.0 Author-Name: Isaac Bentum-Ennin Author-X-Name-First: Isaac Author-X-Name-Last: Bentum-Ennin Author-Name: Samuel Mensah Author-X-Name-First: Samuel Author-X-Name-Last: Mensah Author-Name: Evans Kulu Author-X-Name-First: Evans Author-X-Name-Last: Kulu Title: Taxes, institutions, and illicit financial flows in Africa Abstract: This study investigates the effects of taxes and quality institutions on illicit financial flows (IFFs) in Africa. An annual panel data from 30 countries for the period, 2008 to 2017, was employed. The estimated general method of moments models revealed that increases in taxes on international trade provide an incentive for IFFs but this effect is ameliorated or rendered insignificant in the presence of quality institutions, especially, control of corruption, voice and accountability, rule of law, and regulatory quality. There is a need for governments in African countries to strengthen these institutions while minimising international trade taxes in the quest to reduce IFFs. Journal: Global Business and Economics Review Pages: 118-135 Issue: 1 Volume: 31 Year: 2024 Keywords: general method of moments; illicit financial flow; IFF; institutional quality; tax; Africa. File-URL: http://www.inderscience.com/link.php?id=139318 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:1:p:118-135 Template-Type: ReDIF-Article 1.0 Author-Name: Md. Azizur Rahman Author-X-Name-First: Md. Azizur Author-X-Name-Last: Rahman Author-Name: Roni Bhowmik Author-X-Name-First: Roni Author-X-Name-Last: Bhowmik Author-Name: Md. Saiful Islam Author-X-Name-First: Md. Saiful Author-X-Name-Last: Islam Author-Name: Md. Abul Kalam Azad Author-X-Name-First: Md. Abul Kalam Author-X-Name-Last: Azad Title: A systematic review of stock market responses to COVID-19 and future research agendas Abstract: Worldwide, the COVID-19 pandemic has significantly influenced stock markets in different dimensions. This paper examines the stock market responses to COVID-19 recently and explores future research agendas. This study considers both bibliometric methods and systematic literature reviews with PRISMA guidelines. In the bibliometric part, we found that authors from China or Chinese collaborations make the highest contributions regarding the number of publications, country-wise corresponding authorship, and countries' collaboration network. However, China or Chinese collaboration papers tend to be lower in terms of the average citation score of publications compared to other top publishing countries. Second, literature review reveals that COVID-19 has positively and negatively affected global stock markets. Finally, we discuss some prospective research agendas, which clarifies the direction of future studies. Universities, organisations, and researchers in this field can use these helpful reviews to do research and learn more about future research agendas. Journal: Global Business and Economics Review Pages: 297-329 Issue: 3 Volume: 31 Year: 2024 Keywords: COVID-19; SARS-CoV-2; stock market; systematic literature review; SLR; bibliometric. File-URL: http://www.inderscience.com/link.php?id=140856 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:3:p:297-329 Template-Type: ReDIF-Article 1.0 Author-Name: Daniela Rocha Author-X-Name-First: Daniela Author-X-Name-Last: Rocha Author-Name: Ana Pinto Borges Author-X-Name-First: Ana Pinto Author-X-Name-Last: Borges Author-Name: Bruno Miguel Vieira Author-X-Name-First: Bruno Miguel Author-X-Name-Last: Vieira Author-Name: Elvira Vieira Author-X-Name-First: Elvira Author-X-Name-Last: Vieira Author-Name: Daniela Castilho Author-X-Name-First: Daniela Author-X-Name-Last: Castilho Author-Name: Joana Neto Author-X-Name-First: Joana Author-X-Name-Last: Neto Title: Cryptocurrency use and sociodemographic characteristics in Portugal: a circular economy case Abstract: Cryptocurrency use has increased all around the world, including in Portugal. It is relevant to examine the factors that influence cryptocurrency adoption and how sociodemographic characteristics affect those factors. To accomplish the objectives, an exploratory study was performed, and a survey was applied to the Portuguese participants, resulting in a sample of 272 observations. Cryptocurrencies adoption was assessed by the <i>cryptocurrencies use scale</i>. The <i>cryptocurrencies use scale</i> reveals a three factors' structure: <i>autonomy and anonymity</i>, <i>system security and risk</i>, <i>user information and protection</i>, and evidenced good internal consistency. The three subscales and the <i>Cryptocurrency Use Scale</i> confirmed their relationship with sociodemographic characteristics. The outcomes of stepwise regression analysis showed that age, gender, educational level, marital status, and income are relevant and have impacts on cryptocurrency adoption in Portugal - although at different factors and significance levels. Limitations and future research are also discussed. Journal: Global Business and Economics Review Pages: 391-406 Issue: 3 Volume: 31 Year: 2024 Keywords: cryptocurrency; blockchain; circular economy; sociodemographic characteristics; Portugal. File-URL: http://www.inderscience.com/link.php?id=140860 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:3:p:391-406 Template-Type: ReDIF-Article 1.0 Author-Name: Pham T.T. Trinh Author-X-Name-First: Pham T.T. Author-X-Name-Last: Trinh Author-Name: Nguyen T.H. Vinh Author-X-Name-First: Nguyen T.H. Author-X-Name-Last: Vinh Title: The relationship between exchange rate volatility and capital inflows in emerging markets: the role of financial development Abstract: This study investigates the role of financial development in the effect of exchange rate volatility on capital inflows. The threshold methodology and GMM estimation are employed to analyse the panel dataset of 20 emerging countries from 2010 to 2019. Two types of inflows are involved in the studies including foreign direct investment and portfolio investment to examine the responses of different inflows to exchange rate risk. Financial development is measured by two traditional indices including ratios of broad money to GDP and domestic credit to GDP. The results indicate a negative relationship between exchange rate volatility and capital inflows. However, financial development can reduce the detrimental influence of exchange rate volatility on capital inflows. This result suggests an improvement of financial development is necessary for diminishing the negative effect of exchange rate volatility. Emerging countries with low financial development should stabilise the exchange rate to attract more capital inflows. Journal: Global Business and Economics Review Pages: 404-420 Issue: 4 Volume: 30 Year: 2024 Keywords: capital inflows; exchange rate volatility; EXV; financial development; emerging markets. File-URL: http://www.inderscience.com/link.php?id=138817 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:4:p:404-420 Template-Type: ReDIF-Article 1.0 Author-Name: Lorenzo Bruno Prataviera Author-X-Name-First: Lorenzo Bruno Author-X-Name-Last: Prataviera Author-Name: Davide Bosio Author-X-Name-First: Davide Author-X-Name-Last: Bosio Author-Name: Ioannis Koliousis Author-X-Name-First: Ioannis Author-X-Name-Last: Koliousis Title: Can we increase the granularity in understanding global value chains? An integration of academic and practice perspectives to enhance future developments Abstract: Value chains are increasingly fragmented globally, and companies and governments struggle with understanding where value is added. Both scholars and practitioners developed models, but recent challenges are calling for original approaches to develop instruments to map and evaluate global value chains (GVCs) footprint. We carried out a structured literature review (SLR) to summarise the existing academic knowledge about GVCs mapping and also examined the related practitioners' materials. We then investigated what data sources are currently available to collect data about global trade flows, and involved practitioners in the discussion to collect insights that could improve the current understanding. We aim at offering guidance in this process, highlighting what future directions should be pursued to increase the models' descriptive and explanatory power. For example, customs data is largely available. Original models could be developed, and GVCs could be studied leveraging rich and granular customs data rather than traditional macro-economic data. Journal: Global Business and Economics Review Pages: 62-90 Issue: 1 Volume: 31 Year: 2024 Keywords: global value chain; GVC; structured literature review; SLR; customs; value chain mapping. File-URL: http://www.inderscience.com/link.php?id=139333 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:1:p:62-90 Template-Type: ReDIF-Article 1.0 Author-Name: Sonia Kalra Author-X-Name-First: Sonia Author-X-Name-Last: Kalra Author-Name: Amit Seth Author-X-Name-First: Amit Author-X-Name-Last: Seth Author-Name: Poonam Rani Author-X-Name-First: Poonam Author-X-Name-Last: Rani Title: Cohesion and variability in corporate sustainability among Indian firms: a content analysis approach Abstract: The study delves into an unexplored territory of analysing the corporate sustainability disclosure practices of India's top-listed firms, intending to shed light on the stringent and pragmatic aspects of their reporting. By mapping international standards guidelines with Indian reporting guidelines, the study has created a pragmatic and standardised tool for measuring and comparing the sustainability disclosure practices of India's top-listed firms. The finding of the study highlights a unique and stringent reality in the corporate sustainability reporting practices of India's top-listed firms. Despite a consistent style of reporting throughout the year, the data reveals a concerning trend where social dimensions of sustainability are given more attention than the environmental and economic dimensions. Hence, the study aims to not only inform but also empower stakeholders with the necessary information to drive sustainable change in the Indian corporate landscape. Journal: Global Business and Economics Review Pages: 369-390 Issue: 3 Volume: 31 Year: 2024 Keywords: corporate sustainability disclosure; content analysis; Global Reporting Initiative; business responsibility report; sustainability report. File-URL: http://www.inderscience.com/link.php?id=140910 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:3:p:369-390 Template-Type: ReDIF-Article 1.0 Author-Name: Sri Herianingrum Author-X-Name-First: Sri Author-X-Name-Last: Herianingrum Author-Name: Fatimatuzzahro Fatimatuzzahro Author-X-Name-First: Fatimatuzzahro Author-X-Name-Last: Fatimatuzzahro Author-Name: Tika Widiastuti Author-X-Name-First: Tika Author-X-Name-Last: Widiastuti Author-Name: R. Moh. Qudsi Fauzi Author-X-Name-First: R. Moh. Qudsi Author-X-Name-Last: Fauzi Author-Name: Syed Alamdar Ali Shah Author-X-Name-First: Syed Alamdar Ali Author-X-Name-Last: Shah Title: Efficiency level of zakat funds for the social sector and poverty alleviation in Indonesia Abstract: This study aims to measure the efficiency of BAZNAS, LAZNAS and APBN funds. It uses input variables of total assets and operational costs and the output variables of funds received and disbursed using the data from 2002 to 2017 on data envelopment analysis (DEA) method. The average technical efficiency score of revenue and funds distributed by BAZNAS, LAZNAS is 80.30%. This means that there is a 19.7% chance that it can be optimised to achieve a perfect technical efficiency score. Meanwhile, the APBN received an efficiency score of 94.3%. Historically, the technical efficiency scores of BAZNAS and LAZNAS funds have fluctuated with a positive trend. Based on the results of multiple linear regressions, the effect of the efficiencies of BAZNAS, LAZNAS and APBN funds shows that their funds have a significantly negative effect on the poverty level. Journal: Global Business and Economics Review Pages: 1-11 Issue: 1 Volume: 30 Year: 2024 Keywords: National Amil Zakat Agency; BAZNAS; LAZNAS; APBN fund; data envelopment analysis; DEA; technical efficiency score; economy; Indonesia. File-URL: http://www.inderscience.com/link.php?id=135284 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:1:p:1-11 Template-Type: ReDIF-Article 1.0 Author-Name: Haitham Nobanee Author-X-Name-First: Haitham Author-X-Name-Last: Nobanee Author-Name: Abeer Al Misleh Author-X-Name-First: Abeer Al Author-X-Name-Last: Misleh Author-Name: Lukas Christian Christnacht Author-X-Name-First: Lukas Christian Author-X-Name-Last: Christnacht Author-Name: Mohammed Bayzid Author-X-Name-First: Mohammed Author-X-Name-Last: Bayzid Author-Name: Salah Albeshr Author-X-Name-First: Salah Author-X-Name-Last: Albeshr Author-Name: Hiba Zaki Shanti Author-X-Name-First: Hiba Zaki Author-X-Name-Last: Shanti Title: A bibliometric analysis on foreign direct investment Abstract: Foreign direct investment is defined as expanding a business beyond one's domestic country, and is a continuously growing topic that has gained the attention of numerous scholars all around the world. This interest has developed as a result of the great economic and social impact FDI leaves in a society. The purpose of this paper is to present a bibliometric review on this topic including all papers published until 2020 as there is a need to have a comprehensive analysis on all literature that will help in identifying the literature gap and guide future researchers when conducting their research. The bibliometric analysis methodology was conducted on 4,525 articles between 1942 and 2020 on the subject of FDI. The data was extracted only from Scopus as we wanted to focus our attention on the leading worldwide used citation database that includes modern material. The top authors, countries, organisations, and documents were also identified. Journal: Global Business and Economics Review Pages: 12-38 Issue: 1 Volume: 30 Year: 2024 Keywords: foreign direct investment; FDI; economic growth; capital flow; globalisation; multinational enterprises. File-URL: http://www.inderscience.com/link.php?id=135286 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:1:p:12-38 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 Title: Modelling long memory dependence structure using FIGARCH-copula approach - evidence from major Asian stock markets Abstract: Increased volatility in the stock markets has led the market to originate a new variety of techniques to predict markets efficiently. The aim of the study is to scrutinise the potential dependence among different Asian stock markets, using the FIGARCH copula approach. In the first step, the marginal distribution for the copula has been estimated with the best-fit approach using minimum AIC on the underlying assumptions of normal, Student-t and generalised error distribution (GED). The results indicate that Student-t best fits for the return series SHANGHAI and NIKKEI, while GED for the HANG SENG, KOSPI and NIFTY. In the next step, we have used Gaussian, Student-t, and Clayton copula to estimate the parameters and the dependence measures. The performance of the three copula distributions has been compared based on AIC and BIC criteria. We find t-copula performs better than the other two copula functions. Journal: Global Business and Economics Review Pages: 56-71 Issue: 1 Volume: 30 Year: 2024 Keywords: long memory; volatility forecasting; stock market; fractionally integrated-GARCH; copula. File-URL: http://www.inderscience.com/link.php?id=135287 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:1:p:56-71 Template-Type: ReDIF-Article 1.0 Author-Name: Van Dan Dang Author-X-Name-First: Van Dan Author-X-Name-Last: Dang Author-Name: Hoang Chung Nguyen Author-X-Name-First: Hoang Chung Author-X-Name-Last: Nguyen Title: Earnings management and bank funding Abstract: This paper investigates the impact of earnings management on bank funding. Using a sample of Vietnamese commercial banks between 2007 and 2019, we reveal that greater earnings opacity of banks causes a significant drop in total bank funding. When decomposing total funding into its components, we find that wholesale funds are the primary driver of the result, while no significant effect of earnings manipulation on retail deposits is documented. Further analyses on bank heterogeneity indicate that the unfavourable impact of earnings opacity on banks' wholesale funds is less pronounced for banks that are better capitalised, more liquid, larger in size, more profitable, and less risky. Through this consistent pattern, we can conclude that the financial strength of banks may alleviate the adverse effect of earnings opacity on bank funding. Our findings firmly survive after a series of robustness tests. Journal: Global Business and Economics Review Pages: 72-92 Issue: 1 Volume: 30 Year: 2024 Keywords: bank funding; discretionary loan loss provisions; earnings opacity; retail deposits; wholesale funds. File-URL: http://www.inderscience.com/link.php?id=135288 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:1:p:72-92 Template-Type: ReDIF-Article 1.0 Author-Name: Abdul Muneem Author-X-Name-First: Abdul Author-X-Name-Last: Muneem Author-Name: Nor Fahimah Binti Mohd Razif Author-X-Name-First: Nor Fahimah Binti Mohd Author-X-Name-Last: Razif Author-Name: Abdul Karim Bin Ali Author-X-Name-First: Abdul Karim Bin Author-X-Name-Last: Ali Author-Name: Muhammad Ikhlas Rosele Author-X-Name-First: Muhammad Ikhlas Author-X-Name-Last: Rosele Title: Debt-based financing: a case study of Malaysian Islamic banks Abstract: The present study aims to address the concept of debt-based financing from the Sharīʿah perspective and to analyse the current practice of debt-based financing by the Islamic banks in Malaysia. A qualitative research approach is adopted using an in-depth study of the literature through classical and contemporary books to address the concept of debt-based financing. The practice of debt-based financing in Islamic banking is studied through the Islamic banks' official websites. The present study reveals that the current Islamic banking system offers debt-based financing to the customers where the customers are liable to pay the debt through monthly instalments. However, the concept of <i>dayn</i> and the rights and responsibilities of a debtor is not clear to many customers, and the failure of fulfilling the obligation by the customers hinders the smooth operation of the Islamic banks. Moreover, debt-based financing is drawing more attention and interest among most Islamic banks as compared to equity-based financing which is creating more debt. Journal: Global Business and Economics Review Pages: 39-55 Issue: 1 Volume: 30 Year: 2024 Keywords: dayn; debt; debt-based contract; creditor; debtor; Islamic bank; Shariah. File-URL: http://www.inderscience.com/link.php?id=135289 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:1:p:39-55 Template-Type: ReDIF-Article 1.0 Author-Name: Shikha Bhardwaj Author-X-Name-First: Shikha Author-X-Name-Last: Bhardwaj Title: A conceptual approach: relationship between crisis, resilience, and entrepreneurial actions Abstract: The paper intends to gain a deeper understanding and give insights into how a crisis influences entrepreneurial behaviour. It reviews the conceptual and developmental papers on crisis management. To formulate and build a distinctive conceptual framework, a review of existing literature focused on entrepreneurship, crisis management and COVID-19 was undertaken. The study identifies the impact of COVID-19 on entrepreneurs, factors that drive entrepreneurial intention during crisis and their entrepreneurial actions. As a result, most of the research studies identify entrepreneurial resilience as a force behind entrepreneurial behaviour during crisis. The factors determining entrepreneurial intention include self-efficacy, positive emotions, growth mindset and fear of failure. The findings act as valuable groundwork for future research on crisis management and entrepreneurship. From social, managerial, policy makers and economic perspective, entrepreneurial action act as catalyst to bounce back from crisis. Therefore, an integrated collaborative support mechanism may result in rise of entrepreneurial actions even during crisis. Journal: Global Business and Economics Review Pages: 93-106 Issue: 1 Volume: 30 Year: 2024 Keywords: entrepreneurial action; resilience; crisis; entrepreneurial action; COVID-19. File-URL: http://www.inderscience.com/link.php?id=135292 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:1:p:93-106 Template-Type: ReDIF-Article 1.0 Author-Name: Ayesha Siddiqui Author-X-Name-First: Ayesha Author-X-Name-Last: Siddiqui Author-Name: Mohd Shamim Author-X-Name-First: Mohd Author-X-Name-Last: Shamim Title: Modelling stock market volatility using asymmetric GARCH models: evidence from BRICS stock markets Abstract: This study aims to examine the evidence of the behaviour of asymmetric volatility in the BRICS stock markets, and the analysis is based on daily data from January 2004 to December 2018. Two models from the generalised autoregressive conditional heteroskedasticity (GARCH) family have been used to capture the leverage effect. Results based on both models provide strong evidence of presence of asymmetric volatility in the BRICS stock market. The results also reveal that there is evidence of the presence of strong volatility persistence in case of BRICS countries except in case of China. The study argues that higher volatility corresponds to a higher probability of a declining market, while lower volatility corresponds to a higher probability of a rising market. Investors can use this data on long-term stock market volatility to align their portfolios with the associated expected returns. Journal: Global Business and Economics Review Pages: 107-127 Issue: 1 Volume: 30 Year: 2024 Keywords: BRICS; EGARCH; GJR-GARCH; leverage effect; asymmetric volatility. File-URL: http://www.inderscience.com/link.php?id=135300 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:1:p:107-127 Template-Type: ReDIF-Article 1.0 Author-Name: Kwame Osei-Assibey Author-X-Name-First: Kwame Author-X-Name-Last: Osei-Assibey Author-Name: Mweishö Nene Author-X-Name-First: Mweishö Author-X-Name-Last: Nene Title: Technical trading strategies, returns predictability and relative efficiency: evidence from selected African stock markets Abstract: We investigate the performance of several technical trading strategies in the stock markets of selected African economies and utilised the empirical evidence to rank the markets in terms of their efficiencies. The rationale for this study is simple: an asset whose historical prices fluctuate more randomly (relative to other assets) should offer lower profitable opportunities. Our momentum trading strategies (that also controlled for data snooping bias) generated significant number of profits for the Nigerian stock market, relative to the Egyptian and South African stock markets. We attributed our observation to the relationship between financial markets development and efficiency. Using our results, we ranked the South African stock market as relatively the most efficient, followed by the Egyptian and then the least efficient being the Nigerian market. We propose regular relative efficiency assessments across markets and regimes and discuss the benefits of such assessments to investors' and policymakers' decision making processes. Journal: Global Business and Economics Review Pages: 259-282 Issue: 3 Volume: 30 Year: 2024 Keywords: efficient markets; relative efficiency; technical trading strategies; Africa. File-URL: http://www.inderscience.com/link.php?id=137616 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:3:p:259-282 Template-Type: ReDIF-Article 1.0 Author-Name: Shikha Bhatia Author-X-Name-First: Shikha Author-X-Name-Last: Bhatia Author-Name: Nidhi Singh Author-X-Name-First: Nidhi Author-X-Name-Last: Singh Author-Name: Sushma Vishnani Author-X-Name-First: Sushma Author-X-Name-Last: Vishnani Title: Green finance: a bibliometric analysis of current research status, development and future directions Abstract: The present study identifies the current research trends, gaps in the field of green finance and suggests future research scope on the subject. We used bibliometric analysis on the sample of 846 documents collected from the Scopus database. The study used all the documents developed between the years 1997 and 2021 for the scientific analysis of literature on green finance. We identified the most influencing articles based on their citations, co-citations networks, the importance of their publications, locations, sources within the network. The present study also discusses the current research themes, existing research gaps and identifies future research themes by using factorial analysis in biblioshiny software. The review of existing literature suggests that although research activities on green finance happened worldwide, more collaborative research work is required on multi-cultural contexts, comparative studies between developed and developing economies, risk assessment criteria', business performance indicators, etc. Other future research themes identified in the study include the need for the conceptual framework to assess various aspects of green finance, impact on stakeholders' outcomes, and value enhancements. The current study provides future research directions based on in-depth literature review and themes derived from the cluster analysis. Journal: Global Business and Economics Review Pages: 283-310 Issue: 3 Volume: 30 Year: 2024 Keywords: green finance; bibliometric analysis; factorial analysis; thematic coupling; Scopus. File-URL: http://www.inderscience.com/link.php?id=137618 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:3:p:283-310 Template-Type: ReDIF-Article 1.0 Author-Name: Vikas Pandey Author-X-Name-First: Vikas Author-X-Name-Last: Pandey Author-Name: Shaurya Singh Author-X-Name-First: Shaurya Author-X-Name-Last: Singh Title: COVID-19 effect on the herding behaviour in the Indian stock market Abstract: Investor psychology has often argued that subconscious factors play a crucial role in our decisions. One such factor is the herding behaviour of investors in stock markets. This paper attempts to analyse the presence of herding in the Indian stock market during the COVID-19 pandemic. The paper uses the CNX Nifty 50 Index, which consists of the 50 largest Indian companies listed on the National Stock Exchange (NSE). The paper uses the cross-sectional absolute deviation (CSAD) to analyse the presence of herding. The results obtained from the study indicate the presence of herding during the period of COVID-19 in the Indian stock market, more so during the market downturn. Herding behaviour is more prominent during the first wave of COVID-19 than in the second one. During the pandemic, investors' fear and market uncertainty can lead to herding behaviour. This study gives insight into the effect of COVID-19 on the Indian stock market. Journal: Global Business and Economics Review Pages: 348-358 Issue: 3 Volume: 30 Year: 2024 Keywords: herding behaviour; COVID-19; Indian stock market; cross-sectional absolute deviation; CSAD. File-URL: http://www.inderscience.com/link.php?id=137619 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:3:p:348-358 Template-Type: ReDIF-Article 1.0 Author-Name: Folorunsho M. Ajide Author-X-Name-First: Folorunsho M. Author-X-Name-Last: Ajide Author-Name: Tolulope T. Osinubi Author-X-Name-First: Tolulope T. Author-X-Name-Last: Osinubi Title: Upgrading economic complexity in Africa: the role of remittances and financial development Abstract: This study contributes to the growing literature on economic complexity by providing insights on whether financial development and migrant remittance serve as policy tools in improving African economic sophistications. The study employs panel ARDL, the novel method of moment-quantile regression (MM-QR) and Dumitrescu-Hurlin panel causality to analyse the panel data of 21 African countries over a period of 1996-2017. The results reveal that financial development and migrant remittances can serve as veritable tools in upgrading the level of economic complexity in Africa. Further analysis suggests that remittance inflows and financial development perform substitutability role in upgrading African economic complexity. The study concludes that financial development stimulates economic actors to be innovative in the production process. It also helps economic agents to upgrade quality of products through huge investment in research and innovation leading to higher degree of economic complexity. We discuss the policy implications of the findings. Journal: Global Business and Economics Review Pages: 359-382 Issue: 3 Volume: 30 Year: 2024 Keywords: economic sophistications; broad-based financial development; remittances; method of moment-quantile regression; MM-QR. File-URL: http://www.inderscience.com/link.php?id=137620 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:3:p:359-382 Template-Type: ReDIF-Article 1.0 Author-Name: Abubakar Ahmed Author-X-Name-First: Abubakar Author-X-Name-Last: Ahmed Author-Name: Nuhu Abubakar Author-X-Name-First: Nuhu Author-X-Name-Last: Abubakar Author-Name: Hafizah Abd-Mutalib Author-X-Name-First: Hafizah Author-X-Name-Last: Abd-Mutalib Author-Name: Nor Laili Hassan Author-X-Name-First: Nor Laili Author-X-Name-Last: Hassan Title: Does audit quality affect integrated reporting quality? Evidence from South Africa Abstract: This article examines the effect of audit quality on integrated reporting quality (IRQ) through the lens of legitimacy theory. Specifically, we examine the effects of industry-specialised auditor and audit fees on IRQ in the context of South African companies. The sample consisted of non-financial companies listed on Johannesburg Stock Exchange (JSE), whose reports are available in <Examples database> provided by the International Integrated Reporting Council (IIRC). The data are analysed using the fixed-effect regression technique. The authors utilised a scoreboard approach and content analysis to measure the extent of <IR> disclosure (IRQ). We find that firms that employ industry-specialised auditors provide higher-quality integrated reports, and audit fees positively influence IRQ. These findings are relevant to firm stakeholders as they demonstrate the importance of external auditors in ensuring the credibility of corporate reports even as these reports expand to cover a broad spectrum of non-financial information. Journal: Global Business and Economics Review Pages: 311-328 Issue: 3 Volume: 30 Year: 2024 Keywords: integrated reporting; IRQ; audit quality; specialised auditor; audit fees; South Africa. File-URL: http://www.inderscience.com/link.php?id=137621 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:3:p:311-328 Template-Type: ReDIF-Article 1.0 Author-Name: Hesham Magd Author-X-Name-First: Hesham Author-X-Name-Last: Magd Author-Name: Siraj Kariyilaparambu Kunjumuhammed Author-X-Name-First: Siraj Kariyilaparambu Author-X-Name-Last: Kunjumuhammed Title: The effect of entrepreneurial education on entrepreneurial intention of undergraduate students Abstract: Recognising the importance of entrepreneurial education in developing entrepreneurial intention, we review the contribution of entrepreneurial education to the entrepreneurial traits of undergraduate students. The entrepreneurial tendency is measured using entrepreneurial traits such as risk-taking propensity, motivation, locus of control, and creative tendency. The data collected from 216 undergraduate students using a questionnaire is the basis of the study. The entrepreneurial intention of students who completed the entrepreneurship course is compared with the entrepreneurial intention of students who have not completed the entrepreneurship course. The findings show that entrepreneurship education has not created a significant impact on the entrepreneurial tendency of students. Effective entrepreneurship education enables participants to have a clear understanding of entrepreneurship, build an entrepreneurial mindset, and learn how to start and operate business ventures. Although entrepreneurship education is offered to all enrolled students in HEIs, the instructional design, instructional materials, delivery plan, teaching, and assessment methods are not aligned and reviewed regularly to the outcome requirements. This study indicates the extent to which entrepreneurship education impacts entrepreneurial intention among students in Oman, and the necessary changes needed in the curriculum, instructional design, and assessment of entrepreneurial courses. Journal: Global Business and Economics Review Pages: 455-484 Issue: 4 Volume: 31 Year: 2024 Keywords: entrepreneurship education; entrepreneurial intentions; traits; creative tendency; risk propensity. File-URL: http://www.inderscience.com/link.php?id=142002 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:4:p:455-484 Template-Type: ReDIF-Article 1.0 Author-Name: Colin D. Reddy Author-X-Name-First: Colin D. Author-X-Name-Last: Reddy Title: Cross-country growth-oriented entrepreneurship: when is a performance-based culture effective? Abstract: We pursue why performance-based cultural norms are rendered ineffective in stimulating a subset of growth-oriented entrepreneurship. We propose and test a midrange, contingency-based model receiving strong support in analysis of 267 country-year observations from 66 countries. Results show economic development complements performance-based cultural norms to increase the extent of a country's growth-oriented entrepreneurship; and this complementary effect appears only among those countries with high levels of regulatory simplicity. For policymakers targeting economic growth, our research suggests that policies should create a fertile environment for growth-oriented entrepreneurship to thrive on the established norms within their society. We advise against benchmarking possible approaches against other countries with high levels of growth-oriented entrepreneurship but very different established norms. We hope that our study captures the complexity of the impact of cultural norms on the levels of growth-oriented entrepreneurship among countries. Journal: Global Business and Economics Review Pages: 432-454 Issue: 4 Volume: 31 Year: 2024 Keywords: growth-oriented entrepreneurship; cultural practice; institutions; economic development. File-URL: http://www.inderscience.com/link.php?id=142003 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:4:p:432-454 Template-Type: ReDIF-Article 1.0 Author-Name: Shallu Batra Author-X-Name-First: Shallu Author-X-Name-Last: Batra Author-Name: Mohit Saini Author-X-Name-First: Mohit Author-X-Name-Last: Saini Author-Name: Barkha Dhingra Author-X-Name-First: Barkha Author-X-Name-Last: Dhingra Author-Name: Mahender Yadav Author-X-Name-First: Mahender Author-X-Name-Last: Yadav Author-Name: Manoj Kumar Author-X-Name-First: Manoj Author-X-Name-Last: Kumar Title: Visualising and mapping three decades of literature on ownership structure and firm performance research Abstract: Over the last three decades, research on ownership structure and firm performance has gained prominence due to rising interest among academicians and scholars. The current study intends to review the existing literature on ownership structure and firm performance to map the development of the concept. Using the sample data of 505 articles that have been retrieved from the Scopus database, the study shows the publications' growth from 1994 to 2023. Based on this data, the study applies the performance analysis to identify the publication trend, top leading institutions, journals, and countries in this area. Additionally, using content analysis, this study fetches four clusters concerning themes of 'emerging economy', 'family-controlled firms', 'Chinese firms', and 'miscellaneous.' The study also suggests future avenues for prospective researchers. Journal: Global Business and Economics Review Pages: 407-431 Issue: 4 Volume: 31 Year: 2024 Keywords: corporate governance; ownership structure; ownership; performance; bibliometric analysis. File-URL: http://www.inderscience.com/link.php?id=142005 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:4:p:407-431 Template-Type: ReDIF-Article 1.0 Author-Name: Antonios Georgopoulos Author-X-Name-First: Antonios Author-X-Name-Last: Georgopoulos Author-Name: Eleftherios Angelopoulos Author-X-Name-First: Eleftherios Author-X-Name-Last: Angelopoulos Author-Name: Elen Paraskevi Paraschi Author-X-Name-First: Elen Paraskevi Author-X-Name-Last: Paraschi Author-Name: Maria Kalogera Author-X-Name-First: Maria Author-X-Name-Last: Kalogera Title: The contribution of strategic assets to MNE subsidiary performance in turbulent times Abstract: The study aims to investigate whether strategic assets provide a performance superiority to MNE subsidiaries in difficult times. Adopting the 'contingency- strategic asset - performance' framework, with data from a unique sample of 223 foreign MNE subsidiaries located in Greece, we examine perceived performance over the recession period 2009-2016. As hypothesised, we find that the strategic asset seeking (SAS) subsidiaries achieve a performance superiority economic during recession. We also find that they can augment their performance when operating in high-tech industries. The present study sheds light on the subsidiary performance outcome of strategic assets taking systematically into account adverse macroeconomic conditions and industry-specific factors of the host country, showing that investing in valuable assets pays off financially in turbulent times. Journal: Global Business and Economics Review Pages: 485-504 Issue: 4 Volume: 31 Year: 2024 Keywords: MNE subsidiary performance; strategic asset seeking subsidiaries; recession; high-tech industries. File-URL: http://www.inderscience.com/link.php?id=142006 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:4:p:485-504 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel Ofori-Sasu Author-X-Name-First: Daniel Author-X-Name-Last: Ofori-Sasu Author-Name: Smile Dzisi Author-X-Name-First: Smile Author-X-Name-Last: Dzisi Author-Name: Joshua Yindenaba Abor Author-X-Name-First: Joshua Yindenaba Author-X-Name-Last: Abor Title: Entrepreneurship and economic wealth in Africa: does FDI provide new insight in a threshold model? Abstract: In this paper, we seek to examine the impact of FDI inflows on the relationship between entrepreneurship and economic wealth. It employs a dynamic system GMM for a panel dataset of 54 African economies across the period, 2004-2020. The study finds an inverted U-shaped nonlinear relationship between entrepreneurship and economic wealth. We confirm that countries in the region benefit from both entrepreneurship and FDI only in the short run. The study finds that the initial levels of entrepreneurship increases economic wealth, but beyond an entrepreneurial threshold point of 68.57, the positive effect of entrepreneurship on economic wealth is reducing. We provide evidence to support that the positive impact of entrepreneurship is enhanced at higher levels of FDIs. In addition, entrepreneurship complements FDI to promote economic wealth. The implication is that countries should continue to provide strategies that promote economic wealth through prudent entrepreneurial framework and conducive investment climate. Journal: Global Business and Economics Review Pages: 505-535 Issue: 4 Volume: 31 Year: 2024 Keywords: entrepreneurship; FDI inflows; economic wealth; Africa. File-URL: http://www.inderscience.com/link.php?id=142007 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:4:p:505-535 Template-Type: ReDIF-Article 1.0 Author-Name: Alpana Agarwal Author-X-Name-First: Alpana Author-X-Name-Last: Agarwal Author-Name: Komal Kapoor Author-X-Name-First: Komal Author-X-Name-Last: Kapoor Title: Analysing the impact of relief measures on MSME's resilience and performance during the COVID-19 pandemic Abstract: The paper aims to analyse the effectiveness of the six relief measures declared by the Indian government for the micro small and medium enterprise (MSME) sector to lessen the impact of the COVID-19 pandemic and help them recover. The relief measures are analysed for their effective implementation, how far they are helping the sector to recover and rebuild their future strategic direction. Technique for order preference by similarity to ideal solution (TOPSIS) has been applied to examine the impact of all six relief measures and rank them in order of their positive impact on MSMEs on their recovery during COVID-19 crises and expected growth in future. The relief measure suggesting e-linkage of marketplace has highest performance score in long-term growth of MSMEs. Also, collateral free loans and subordinated debts have not been able to get disbursed in an effective manner and have thus not been very successful in achieving the objectives. Journal: Global Business and Economics Review Pages: 137-154 Issue: 2 Volume: 31 Year: 2024 Keywords: COVID-19; MSME-relief measures; TOPSIS; MSME resilience. File-URL: http://www.inderscience.com/link.php?id=140232 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:2:p:137-154 Template-Type: ReDIF-Article 1.0 Author-Name: Faisal Khan Author-X-Name-First: Faisal Author-X-Name-Last: Khan Author-Name: Mohamad Ali Bin Abdul-Hamid Author-X-Name-First: Mohamad Ali Bin Author-X-Name-Last: Abdul-Hamid Author-Name: Saidatunur Fauzi Saidin Author-X-Name-First: Saidatunur Fauzi Author-X-Name-Last: Saidin Title: Does CEO power affect audit's report lag in the Gulf Cooperation Council economies? The curtailing role of corporate governance Abstract: This study provides empirical evidence on how chief executive officer (CEO) power influences audit report lag (ARL) for non-financial firms of GCC economies from 2009 to 2018. The ordinary least squares (OLS) regression is used in our analyses to test our hypotheses. Results show that CEO-tenure and duality increase ARL in GCC economies. Additionally, we find that the effect of CEO-tenure on ARL is curtailed when board independence is stronger, whereas the effect of CEO duality is unchanged by board independence. Further, the impact of CEO power on ARL remains unchanged when there is a gender-diverse board. However, gender diversity curtails the positive impact of CEO power (CEO-tenure and CEO duality) on ARL only when female representation is two or more on the corporate board. In brief, our study identifies CEO power and corporate governance as previously unrecognised determinants of ARL in GCC economies. Journal: Global Business and Economics Review Pages: 181-202 Issue: 2 Volume: 31 Year: 2024 Keywords: audit report lag; ARL; CEO power; CEO-tenure; CEO duality; board gender diversity; board independence; GCC economies. File-URL: http://www.inderscience.com/link.php?id=140234 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:2:p:181-202 Template-Type: ReDIF-Article 1.0 Author-Name: Sendy Watazawwadu'Ilmi Author-X-Name-First: Sendy Author-X-Name-Last: Watazawwadu'Ilmi Author-Name: Dewi Hanggraeni Author-X-Name-First: Dewi Author-X-Name-Last: Hanggraeni Title: The impact of mobility restrictions, sentiment, and deaths on the liquidity and volatility of LQ 45 Index: a comparative study between the first and the second wave of the COVID-19 pandemic Abstract: The COVID-19 pandemic has affected Indonesia more significantly than the last crisis. It hit and caused Indonesia to have the highest accumulation rate of confirmed cases in Southeast Asia. This study aims to analyse the impact of the COVID-19 pandemic on the Indonesian stock market during the first and second waves. We mainly used panel data regression on daily market returns and defined the liquidity and volatility dynamic to understand the various dimension of the pandemic. We found a relationship between pandemics and the Indonesian stock market during the first and second waves of the pandemic. Our results suggest that increasing mobility restriction implementation would increase market illiquidity and volatility. In parallel, the rise of negative sentiment and fatality rate caused by COVID-19 provides liquidity and stability failure. This study suggests that investors should closely follow the development of country policies to make decisions related to investing in financial markets. Journal: Global Business and Economics Review Pages: 155-180 Issue: 2 Volume: 31 Year: 2024 Keywords: COVID-19; pandemic; mobility restriction; sentiment; stock market. File-URL: http://www.inderscience.com/link.php?id=140235 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:2:p:155-180 Template-Type: ReDIF-Article 1.0 Author-Name: Ozcan Ozturk Author-X-Name-First: Ozcan Author-X-Name-Last: Ozturk Author-Name: Ergun Akturk Author-X-Name-First: Ergun Author-X-Name-Last: Akturk Author-Name: Sena Gultekin Author-X-Name-First: Sena Author-X-Name-Last: Gultekin Title: An empirical examination of trade policy and food security in MENA countries: evidence from quantile regressions Abstract: Malnutrition and food insecurity have immediate negative impacts on the health and well-being of individuals, as well as long-term indirect effects on human capital development and productivity. Despite significant progress in agriculture in recent years, food insecurity remains a persistent issue, particularly in developing countries. The United Nations has set a goal to eradicate all forms of malnutrition and food insecurity by 2030. However, with the COVID-19 pandemic, this goal has become more challenging than ever. This study aimed to examine the impact of trade openness on food security in selected countries in the Middle East and North Africa (MENA) region, while controlling for other relevant factors. Data from 2001 to 2020 was analysed using panel ordinary least squares (POLS) and panel quantile regression (PQR) methods. POLS results indicate that trade openness has a positive and statistically significant impact on food security in the MENA region, and these results are robust to PQR with a gradual decrease in magnitude at higher quantiles. These findings indicate that trade openness can yield significant benefits in promoting food security in the region, which holds several policy implications that are discussed in the paper. Journal: Global Business and Economics Review Pages: 259-272 Issue: 2 Volume: 31 Year: 2024 Keywords: trade policy; food security; MENA; quantile regression; panel OLS; UN sustainable development goals. File-URL: http://www.inderscience.com/link.php?id=140236 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:2:p:259-272 Template-Type: ReDIF-Article 1.0 Author-Name: Silvia A. Saweris Author-X-Name-First: Silvia A. Author-X-Name-Last: Saweris Author-Name: Svetlana Sapuric Author-X-Name-First: Svetlana Author-X-Name-Last: Sapuric Author-Name: Sara El Gazzar Author-X-Name-First: Sara El Author-X-Name-Last: Gazzar Author-Name: Ifigenia Georgiou Author-X-Name-First: Ifigenia Author-X-Name-Last: Georgiou Title: The impact of neurotransmitters, emotional intelligence, and personality traits on individual investors' investment decisions: an empirical comparative study Abstract: There is a concern toward determining the neural basis that affects investment decisions and linking them with the emotional and cognitive limitations of human beings. The current study proposes the construction of a framework that links neurotransmitters, emotional intelligence, and personality traits. The study introduces the theoretical link behind these variables and validates it using an empirical study. The study tests the impact of these variables on individual investors' investment decisions using two samples of different characteristics (Egyptian and international) to examine the change in the significant variables when changing the investment environment. The results confirmed the fitness of the developed construct, while the significant variables are emotional intelligence and epinephrine hormone of the neurotransmitters in both samples. Also, dopamine hormone of the neurotransmitters is only significant for the international sample while two out of the five examined personality traits are significant for the Egyptian sample. Journal: Global Business and Economics Review Pages: 203-229 Issue: 2 Volume: 31 Year: 2024 Keywords: behavioural finance; neurotransmitters; emotional intelligence; personality traits; individual investors; investment decisions. File-URL: http://www.inderscience.com/link.php?id=140237 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:2:p:203-229 Template-Type: ReDIF-Article 1.0 Author-Name: Shivam Saxena Author-X-Name-First: Shivam Author-X-Name-Last: Saxena Author-Name: Chandrima Sikdar Author-X-Name-First: Chandrima Author-X-Name-Last: Sikdar Title: Domestic institutional investments in India: an empirical analysis of dynamic interactions with stock market returns and volatility Abstract: The paper attempts an investigation of dynamic interrelations between domestic institutional investment (DII) flows and stock market returns and volatility in India. The analysis based on vector autoregression framework provides evidence of marginal impact of flows on market returns, but significant impact of returns on DII flows. Returns are found to impact inflows and net flows negatively and outflows positively, implying negative feedback trading behaviour of investors. Relationship between DII flows and return volatility too testify this behaviour. Mutual funds are found to be the active DII component dominating the direction of causality. However, recent years have witnessed rising participation and impact on returns from DIIs by pension funds, insurance companies and banks and financial institutions. The paper confirms evidence from existing literature that rising DIIs can bring down volatility in the Indian stock market and establishes the rising impact of DII net flows on market returns in recent years. Journal: Global Business and Economics Review Pages: 230-258 Issue: 2 Volume: 31 Year: 2024 Keywords: domestic institutional investment; mutual funds; India; stock market; returns; volatility; dynamic interaction; causality; vector autoregression; feedback trading. File-URL: http://www.inderscience.com/link.php?id=140242 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:31:y:2024:i:2:p:230-258 Template-Type: ReDIF-Article 1.0 Author-Name: Pankaj Chaudhary Author-X-Name-First: Pankaj Author-X-Name-Last: Chaudhary Title: Influence of stock return volatility on corporate leverage: evidence from an emerging economy Abstract: Volatility is an essential aspect of the field of finance. It reflects the firms' risk and is always considered in personal finance. However, it is largely ignored in corporate finance. We attempt to examine the role of stock return volatility on the corporate leverage of Indian firms. We use the GARCH(1, 1) model to measure the stock return volatility, in addition to the simple standard deviation. We use the dynamic panel data methodology to deal with endogeneity issues. This paper considers three book-value-based leverages, namely short-term debt, long-term debt and total debt; in addition, two market-value-based leverages, i.e., total market leverage and long-term market leverage, are also employed in this study. We find that the stock return volatility negatively influences all three measures of book value leverage. Further, we observed that volatility is negatively and significantly associated with market-based leverage. Journal: Global Business and Economics Review Pages: 329-347 Issue: 3 Volume: 30 Year: 2024 Keywords: leverage; stock return volatility; GARCH; GMM; risk. File-URL: http://www.inderscience.com/link.php?id=137695 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:3:p:329-347 Template-Type: ReDIF-Article 1.0 Author-Name: Rajendran Geetha Author-X-Name-First: Rajendran Author-X-Name-Last: Geetha Author-Name: Chandrasekaran Padmavathy Author-X-Name-First: Chandrasekaran Author-X-Name-Last: Padmavathy Title: Effects of external and internal influences on intentions to avoid single-use plastic bags Abstract: The purpose of this research is to investigate the effects of external and internal factors on intentions to avoid single-use plastic bags. Data were collected using online survey from 703 consumers in India using convenience sampling method. The results indicated that green advertisements, retailers' incentives, government policies (external factors), and extrinsic motivations and subjective norms (internal factors) had significant positive effects on intentions to avoid single-use plastic bags. The results of this study provide important implications to governments, policymakers, retailers, and the consumers to develop a sustainable eco-system. Journal: Global Business and Economics Review Pages: 176-188 Issue: 2 Volume: 30 Year: 2024 Keywords: single-use plastic bags; green advertisements; incentives; government policies; extrinsic motivations; subjective norms; sustainable consumption; India. File-URL: http://www.inderscience.com/link.php?id=136423 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:2:p:176-188 Template-Type: ReDIF-Article 1.0 Author-Name: Bhaskar Bagchi Author-X-Name-First: Bhaskar Author-X-Name-Last: Bagchi Author-Name: Biswajit Paul Author-X-Name-First: Biswajit Author-X-Name-Last: Paul Author-Name: Raktim Ghosh Author-X-Name-First: Raktim Author-X-Name-Last: Ghosh Title: Dynamic effects of crude oil price shocks on stock markets and exchange rates: evidence from major oil importing countries amid Russia-Ukraine conflict Abstract: The recent Russia-Ukraine conflict is having a serious impact on global economic conditions. In this context, the present paper attempts to study specifically the effects of the steep surge in crude oil prices on stock market indices and real effective exchange rates (REER) of the major five crude oil importing (in terms of net imports) countries namely People's Republic of China, India, Japan, Republic of Korea, and Germany. The paper applies the DCC - MGARCH (1, 1) model based on daily data to capture the effect of the Brent crude oil price shock that uses a linear combination of the univariate GARCH model with time-varying cross equation weights to model the conditional covariance matrix of the error terms. The result of the study reveals that there is a noteworthy short-run (DCCα1) and long-run (DCCβ1) volatility spillover effects running from Brent crude oil price to all the stock market indices along with REERs. Journal: Global Business and Economics Review Pages: 234-257 Issue: 2 Volume: 30 Year: 2024 Keywords: crude oil price; real effective exchange rate; REER; stock return; DCC-MGARCH; Russia; Ukraine. File-URL: http://www.inderscience.com/link.php?id=136424 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:2:p:234-257 Template-Type: ReDIF-Article 1.0 Author-Name: Pham Phuong Nam Author-X-Name-First: Pham Phuong Author-X-Name-Last: Nam Author-Name: Phan Thi Thanh Huyen Author-X-Name-First: Phan Thi Thanh Author-X-Name-Last: Huyen Title: Financial revenues from land in Vietnam: factors affecting their collection Abstract: The study aims to determine the factors affecting the collection of financial revenues from land. The study carried out a three-step survey through 400 householders to identify groups of influencing factors. Structural equation modelling (SEM) was used to assess the impact. Data checking was performed using SPSS20 and AMOS24 software. There are five groups of influencing factors. The group of human resources has the strongest impact, while the group of people having financial obligations has the weakest impact on the realisation of financial revenues from land. To better realise financial revenue from land, it is necessary to strengthen human resources, complete the land database, adjust the level of land financial revenue, complete administrative procedures, and raise the sense of law observance of people having land financial obligations. Journal: Global Business and Economics Review Pages: 189-209 Issue: 2 Volume: 30 Year: 2024 Keywords: affecting factors; collection; financial revenue; land; Vietnam. File-URL: http://www.inderscience.com/link.php?id=136425 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:2:p:189-209 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 Author-Name: Budi Joyo Santoso Author-X-Name-First: Budi Joyo Author-X-Name-Last: Santoso Title: The role of microfinance institutions during the COVID-19 pandemic Abstract: This study found that BPR was selective in extending credit to entrepreneurs in the micro, small and medium enterprise (MSME) category. BPR has played a role in the 'Enough' category. The order of role values from the highest score is BPR BUKU 3, 2, and 1 based on asset, within and outside Java based on location. Moreover, the domicile of the BPR in the regency or city does not have a significant difference. Journal: Global Business and Economics Review Pages: 210-233 Issue: 2 Volume: 30 Year: 2024 Keywords: role of rural banks; COVID-19 pandemic; micro finance institution. File-URL: http://www.inderscience.com/link.php?id=136426 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:2:p:210-233 Template-Type: ReDIF-Article 1.0 Author-Name: Andrés Ramírez Author-X-Name-First: Andrés Author-X-Name-Last: Ramírez Author-Name: Nezih Altay Author-X-Name-First: Nezih Author-X-Name-Last: Altay Title: Earthquakes and market capitalisation: a historical perspective using panel data Abstract: We test if earthquakes could create market value as companies invest to recover. Using a large firm-level data set spanning 299 earthquakes, in 15 years, in over 50 countries, we find evidence consistent with the creative destruction hypothesis. However, a closer look shows that earthquakes create value for firms in less developed countries (non-G8) while destroying value in developed countries (G8). We interpret this as a sign that innovation can be easier in poorer countries where the economies of scale of adopting new technologies are bigger. We also report a magnitude effect: large earthquakes tend to increase firm value while smaller earthquakes are associated with value destruction. We posit that large earthquakes trigger large corporate responses that increase productivity while smaller earthquakes are dealt with temporary measures. Finally, we report new moderators of the positive impact: multinationality of the firm, a country's disaster preparedness and a country's non-life insurance consumption. Journal: Global Business and Economics Review Pages: 129-153 Issue: 2 Volume: 30 Year: 2024 Keywords: market capitalisation; earthquakes damage; cross-country. File-URL: http://www.inderscience.com/link.php?id=136427 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:2:p:129-153 Template-Type: ReDIF-Article 1.0 Author-Name: Indra Wahyudi Author-X-Name-First: Indra Author-X-Name-Last: Wahyudi Author-Name: Arif Imam Suroso Author-X-Name-First: Arif Imam Author-X-Name-Last: Suroso Author-Name: Bustanul Arifin Author-X-Name-First: Bustanul Author-X-Name-Last: Arifin Author-Name: Meika Syahbana Rusli Author-X-Name-First: Meika Syahbana Author-X-Name-Last: Rusli Author-Name: Rizal Syarief Author-X-Name-First: Rizal Author-X-Name-Last: Syarief Title: Alternative corporate entrepreneurship strategies for improving firm performance using the analytical hierarchy process Abstract: This research was aimed at recommending alternative corporate entrepreneurship strategies for entrepreneurial orientation and leadership to improve company performance. Using a qualitative method, the factors of corporate entrepreneurship, entrepreneurial orientation, and entrepreneurial leadership strategies for lubricant distributors were determined through the analytical hierarchy process (AHP). This research was conducted in the lubricant business industry in Indonesia using focus group discussions (FGD) and in-depth interviews with several experts comprising distribution company owners, top management employees, and the principals. Subsequently, the results showed that the most dominant actor in improving performance is entrepreneurial leadership, and the leading actor is the owner. The findings obtained indicate that increasing sales growth is the main objective of improving company performance. Journal: Global Business and Economics Review Pages: 154-175 Issue: 2 Volume: 30 Year: 2024 Keywords: analytic hierarchy process; corporate entrepreneurship; entrepreneurial leadership; entrepreneurial orientation; firm performance; lubricant business. File-URL: http://www.inderscience.com/link.php?id=136428 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:gbusec:v:30:y:2024:i:2:p:154-175