Template-Type: ReDIF-Article 1.0 Author-Name: Panagiotis Kotsios Author-X-Name-First: Panagiotis Author-X-Name-Last: Kotsios Author-Name: Maria Kontitsi Author-X-Name-First: Maria Author-X-Name-Last: Kontitsi Title: Measuring the access of Greek agricultural cooperatives to the supermarket channel Abstract: As the Greek economy is slowly starting to recover from the recent economic crisis, there are high expectations from the country's agrifood sector. On the centre of this sector are 608 agricultural cooperatives, which have undertaken the role of strengthening agricultural production and improving sales for farmers. Meanwhile, the supermarket sector in Greece has recorded impressive growth during the last decades and remains the primary channel through which food products reach final customers on a daily basis. The aim of this research was to investigate the access of Greek agricultural cooperatives to the supermarkets shelves. The results show limited access and low percentage of sales to the supermarket channel. The most important challenges faced by the Greek agricultural cooperatives in accessing supermarkets were the payment methods, promotion, cost of access, and quality certifications. Journal: Int. J. of Economics and Business Research Pages: 555-574 Issue: 4 Volume: 24 Year: 2022 Keywords: agricultural cooperatives; supermarket chains; questionnaire; access. File-URL: http://www.inderscience.com/link.php?id=126484 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:4:p:555-574 Template-Type: ReDIF-Article 1.0 Author-Name: Prajukta Tripathy Author-X-Name-First: Prajukta Author-X-Name-Last: Tripathy Author-Name: Pragyanrani Behera Author-X-Name-First: Pragyanrani Author-X-Name-Last: Behera Author-Name: Bikash Ranjan Mishra Author-X-Name-First: Bikash Ranjan Author-X-Name-Last: Mishra Title: Why do specific regions attract more FDI inflows in India? Role of region-specificities and insights from the dynamic panel econometrics Abstract: To examine the disparity in distributional inflows of foreign direct investment (FDI), the study uses Theil index as a statistical tool to verify the skewed distribution across the regions in India and confirm the same with its decomposition scores. In order to investigate the causes of such unequal distribution of FDI inflows in India, this study uses the system GMM model for 16 regional groups from 2004 to 2015 time period. With a special concern to the region-specific factors and the agglomeration effect, the uneven dummy variables are also used to capture the inequality in FDI inflow across the regions. Our findings confirm the significant role of each of them in pocketing a major chunk of FDI inflows by a few regions. To recommend the policymakers, the present study proposes a balanced growth perspective and a comprehensive framework mitigating labour reforms, industrial productivity and FDI policy. Journal: Int. J. of Economics and Business Research Pages: 411-434 Issue: 4 Volume: 23 Year: 2022 Keywords: foreign direct investment; FDI; regional concentration; Theil index; region-specific factors; panel data; endogeneity; system generalised method of moments; SGMM; Indian regions; India. File-URL: http://www.inderscience.com/link.php?id=123171 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:4:p:411-434 Template-Type: ReDIF-Article 1.0 Author-Name: Duy Linh Bui Author-X-Name-First: Duy Linh Author-X-Name-Last: Bui Author-Name: Huy Hoang Nguyen Author-X-Name-First: Huy Hoang Author-X-Name-Last: Nguyen Title: Sensory marketing on customers' satisfaction: a tale from the second largest coffee exporter Abstract: Using sensory marketing, which engages a customer's five senses (sight, sound, smell, touch and taste), businesses aim to approach customers on an emotional rather than on a rational level, thus bringing them satisfaction and influencing their behaviour. This paper aims to examine the impact of sensory marketing on customer satisfaction with coffee shops in Hanoi, Vietnam. Previous research in this field has been conducted and has proven that marketing appeals to the five senses can influence customers' emotions and behaviour. However, Vietnam's potential coffee shop market has not yet been investigated. This study employs a quantitative approach using an online survey of 255 Hanoi coffee shop visitors to examine the influence of sensory marketing. The findings indicate that the sensory marketing factors of sound, touch and taste, in descending order of impact level, have a positive impact on satisfaction, while sight and smell have no effect. Journal: Int. J. of Economics and Business Research Pages: 35-55 Issue: 1 Volume: 23 Year: 2022 Keywords: sensory marketing; five senses; customer satisfaction; coffee shops; Vietnam; customers' behaviours; sound; touch; taste; sight. File-URL: http://www.inderscience.com/link.php?id=119336 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:1:p:35-55 Template-Type: ReDIF-Article 1.0 Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Renato Lopes Da Costa Author-X-Name-First: Renato Lopes Da Author-X-Name-Last: Costa Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Author-Name: Carlos Jerónimo Author-X-Name-First: Carlos Author-X-Name-Last: Jerónimo Title: Project management tacit knowledge for continuous improvement Abstract: In an international environment of high competitive aggressiveness where markets are instable, an uncertain economic environment dominated by external variables forces our management to face a troubled period of uncertainty with the consequent need to rethink how to be in the market. It is through projects that transformation occurs, as they are the vehicle to implement the future steps of the organisation. The success of the organisations depends on the project's success. This research includes an extensive survey to 62 project managers in the Iberia market that face a typical project case in trouble, and asks them, based on the situation, their advice using their experience. The main findings allow us to understand that successive faults in projects came from the same reasons, the mistakes are repeated, so it is critical to shared tacit knowledge of good practices to avoid it again. Journal: Int. J. of Economics and Business Research Pages: 482-499 Issue: 4 Volume: 23 Year: 2022 Keywords: tacit knowledge; knowledge management; project; organisational learning; best practices. File-URL: http://www.inderscience.com/link.php?id=123176 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:4:p:482-499 Template-Type: ReDIF-Article 1.0 Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Sofia Mendonça Author-X-Name-First: Sofia Author-X-Name-Last: Mendonça Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Renato Lopes Da Costa Author-X-Name-First: Renato Lopes Da Author-X-Name-Last: Costa Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Title: Impact of destination weddings in the tourism economy Abstract: Despite representing a recent world trend, wedding tourism felt a growth of 75% the past few years, which shows this market, specifically, the destination weddings niche, is proving to have an optimistic development and becoming a relevant topic in events tourism. The research objective analyses how the destination weddings have contributed for the development of events tourism in Portugal by examining what tactics are being utilised towards an international positioning. A quantitative method was used to achieve the objectives, being that two distinct surveys were elaborated, to foreign couples and another to vendors that take part in the industry. The data triangulation method was adopted with the goal of obtaining robust results by gathering a broader source of data. The results show that the destination weddings market contributes positively to the expansion of the events tourism in Portugal. Couples tend to choose Portugal for their climate, impressive sites and sense of intimacy, but the country needs to improve the transaction payments and present a wider range of advertisement. Regarding Covid-19, it had a negative influence mainly because most foreign couples decided to postpone or cancel the wedding. Journal: Int. J. of Economics and Business Research Pages: 500-526 Issue: 4 Volume: 23 Year: 2022 Keywords: events tourism; wedding tourism; destination weddings. File-URL: http://www.inderscience.com/link.php?id=123177 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:4:p:500-526 Template-Type: ReDIF-Article 1.0 Author-Name: Manja Pfeiffer Author-X-Name-First: Manja Author-X-Name-Last: Pfeiffer Author-Name: Stephen Carter Author-X-Name-First: Stephen Author-X-Name-Last: Carter Title: Factors that influence consumer use of online news micropayments in the Swiss news industry Abstract: This research aims to examine, as a first attempt, the factors that influence consumers' use of online micropayments in the Swiss newspaper industry from a consumer perspective. The study utilised an extension of the technology acceptance model (TAM) with analysis using structural equation modelling. Two individual characteristics-perceived usefulness and perceived ease of use-appeared to be substantial antecedents of micropayment predilection and five system characteristics; compatibility, later payment, single payment platform, mobility and convenience, were found to be positively and significantly linked to the perceived usefulness, with the latter two also showing a strong significant effect on perceived ease of use. Amongst other results, the study shows the importance of trust, later payment and the strong relationship between convenience and the consumer's perceived usefulness and suggests that micropayments could be a business model, as a means to unlocking reader revenues. Journal: Int. J. of Economics and Business Research Pages: 435-464 Issue: 4 Volume: 23 Year: 2022 Keywords: micropayments; technology acceptance model; TAM; consumer use; perception factors; online news; Switzerland. File-URL: http://www.inderscience.com/link.php?id=123180 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:4:p:435-464 Template-Type: ReDIF-Article 1.0 Author-Name: Renan Mitsuo Ueda Author-X-Name-First: Renan Mitsuo Author-X-Name-Last: Ueda Author-Name: Adriano Mendonça Souza Author-X-Name-First: Adriano Mendonça Author-X-Name-Last: Souza Author-Name: Wesley Vieira Da Silva Author-X-Name-First: Wesley Vieira Da Author-X-Name-Last: Silva Author-Name: Claudimar Pereira Da Veiga Author-X-Name-First: Claudimar Pereira Da Author-X-Name-Last: Veiga Author-Name: Francisca Mendonça Souza Author-X-Name-First: Francisca Mendonça Author-X-Name-Last: Souza Title: The effects of shocks on the dismissal in the electro-electronics sector: evidence from Brazil Abstract: This research aims to investigate the short and long-term relationship between the number of dismissals in the Brazilian electro-electronics sector and the macroeconomic variables: gross domestic product, Brazil's total exports, monthly average of the dollar quotation and the broad national consumer index, from May 2003 to September 2018. To verify the interrelationship between the variables, we used the vector autoregressive (VAR) models and vector error correction (VEC). The analysis of the impulse response function and the variance decomposition helped to understand the dynamics of the electro-electronics industry, showing that in the long-term, part of the variance of the sector's dismissal (28.64%) is explained by the broad national consumer index. Abrupt changes in the analysed macroeconomic variables cause fluctuations in the number of dismissals in the Brazilian electro-electronic sector for approximately four to seven months. Journal: Int. J. of Economics and Business Research Pages: 527-548 Issue: 4 Volume: 23 Year: 2022 Keywords: electric-electronic sector; econometric models; macroeconomics; vector autoregressive; VAR; vector error correction; VEC; socio-economic planning; Brazil. File-URL: http://www.inderscience.com/link.php?id=123186 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:4:p:527-548 Template-Type: ReDIF-Article 1.0 Author-Name: Amar Kumar Mishra Author-X-Name-First: Amar Kumar Author-X-Name-Last: Mishra Author-Name: Khyati Kapil Author-X-Name-First: Khyati Author-X-Name-Last: Kapil Author-Name: Rajesh Kumar Upadhyay Author-X-Name-First: Rajesh Kumar Author-X-Name-Last: Upadhyay Title: Mediating role of job embeddedness in the relation between work engagement and organisational citizenship behaviour Abstract: Every organisation seems to be struggling to sustain its competitive advantage in such a turbulent scenario. Organisations need a workforce that displays high organisational citizenship behaviour (OCB) that refers to employees who choose what they choose to do spontaneously and at their own discretion, often outside the scope of their specified contract. Researchers still have a long way to go and continue to demand further empirical investigation, especially to determine how job embeddedness (JE) has evolved so that employees and organisations can be psychologically connected. Subsequently, the current study proposes to add to the extant literature on work engagement (WE), JE, and its role in promoting OCB by employing the 'conservation of resource theory'. Considering the sample of the IT sector organisations of India, structural equation modelling was used to analyse the nested relationship of WE, JE, and OBC. The result indicated a significant relationship and high influence of WE and JE on OCB. Journal: Int. J. of Economics and Business Research Pages: 19-34 Issue: 1 Volume: 23 Year: 2022 Keywords: organisational citizenship behaviour; OCB; work engagement; job embeddedness; conservation of resource theory; Indian IT sector. File-URL: http://www.inderscience.com/link.php?id=119348 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:1:p:19-34 Template-Type: ReDIF-Article 1.0 Author-Name: Tehreem Pervez Author-X-Name-First: Tehreem Author-X-Name-Last: Pervez Author-Name: Kausar Fiaz Khawaja Author-X-Name-First: Kausar Fiaz Author-X-Name-Last: Khawaja Author-Name: Muddassar Sarfraz Author-X-Name-First: Muddassar Author-X-Name-Last: Sarfraz Title: An empirical investigation of value co-creation on customer loyalty: mediating role of customer trust Abstract: This research investigates the mediating role of customer trust between value co-creation (enjoyment, economic, relational) and customer loyalty. For this study, a survey was conducted, and data were collected from the 354 customers who visit different restaurants, café, and hotels of Islamabad and Rawalpindi (Pakistan). Confirmatory factor analysis, reliability and validity analysis, and mediation analysis were conducted for hypothesis testing. The results show that value co-creation (enjoyment, economic, relational) positively influences customer loyalty; and is mediated by customer trust. Hence, all hypotheses were approved. The future research direction and study limitations are mentioned. Journal: Int. J. of Economics and Business Research Pages: 56-67 Issue: 1 Volume: 23 Year: 2022 Keywords: value co-creation; VCC; customer trust; customer loyalty; enjoyment value; relational value; economic value. File-URL: http://www.inderscience.com/link.php?id=119349 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:1:p:56-67 Template-Type: ReDIF-Article 1.0 Author-Name: Najib H.S. Farhan Author-X-Name-First: Najib H.S. Author-X-Name-Last: Farhan Author-Name: Mosab I. Tabash Author-X-Name-First: Mosab I. Author-X-Name-Last: Tabash Author-Name: Faozi A. Almaqtari Author-X-Name-First: Faozi A. Author-X-Name-Last: Almaqtari Author-Name: Amgad S.D. Khaled Author-X-Name-First: Amgad S.D. Author-X-Name-Last: Khaled Title: Corporate governance, working capital management and profitability: empirical insights for Indian pharmaceutical firms Abstract: The current study examines the inter-relationships between working capital management (WCM) and the profitability of Indian pharmaceutical firms. The impact of corporate governance on the link between WCM and profitability is also addressed. The financial data of 82 Indian pharmaceutical firms for the period from 2008 to 2017 are used. Fixed and random effect regression models are used for estimating the results. Findings show that there is a negative and significant impact on the number of days' payable deferral period, number of days' collection period, number of days' inventory holding period, and operating cycle on the profitability of Indian pharmaceutical firms. Moreover, findings reveal that board of directors' composition does not moderate the association between working capital components (WCCs) and the profitability of Indian pharmaceutical firms. The researchers believe that this study perhaps is the first study that evaluates the impact of corporate governance on the association between WCCs and firms' profitability in the Indian context. Journal: Int. J. of Economics and Business Research Pages: 68-91 Issue: 1 Volume: 23 Year: 2022 Keywords: profitability; moderation effect; India; working capital management; WCM; pharmaceutical firms. File-URL: http://www.inderscience.com/link.php?id=119350 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:1:p:68-91 Template-Type: ReDIF-Article 1.0 Author-Name: Fathi Jouini Author-X-Name-First: Fathi Author-X-Name-Last: Jouini Author-Name: Ahlem Selma Messai Author-X-Name-First: Ahlem Selma Author-X-Name-Last: Messai Author-Name: Ines Mhadheb Author-X-Name-First: Ines Author-X-Name-Last: Mhadheb Title: Interaction between commodity market and cryptocurrencies Abstract: The aim of this study is to show that the Bitcoin market is not isolated but is rather influenced by commodity markets in terms of return and volatility. We used the return of Bitcoin, crude oil, gold, silver and wheat for a period from 3 January 2011 to 22 November 2017. Based on the EGARCH model estimate, the main results indicated that Bitcoin return is positively but weakly influenced by returns of crude oil, gold, silver, and wheat. The results also show an inverse relationship between the volatility of crude oil and Bitcoin. So Bitcoin is a strong hedge against energy products. For gold, silver and wheat, the absence of risk transmission to the Bitcoin market suggests diversification opportunities following investors to use Bitcoin with any of the three assets to reduce the portfolio risk. Journal: Int. J. of Economics and Business Research Pages: 465-481 Issue: 4 Volume: 23 Year: 2022 Keywords: Bitcoin; volatility; commodity. File-URL: http://www.inderscience.com/link.php?id=123194 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:4:p:465-481 Template-Type: ReDIF-Article 1.0 Author-Name: Emiliano C. Villanueva Author-X-Name-First: Emiliano C. Author-X-Name-Last: Villanueva Author-Name: Gustavo Ferro Author-X-Name-First: Gustavo Author-X-Name-Last: Ferro Title: An update of the worlds of wine: the emerging countries' influence Abstract: The article re-categorises two concepts widely used in the literature of wine, old world and new world. It generates a new classification of the world of wine in terms of the up-to-date paths of production, consumption, and global trade expansion in the last decades: emerging countries competing with developed countries. While determining the temporal and geographical location of the major transformations that happened in the wine industry in the last six decades, the article opens the discussion for a better and updated characterisation of the worlds of wine. It is imperative to compare and examine wine countries within their structural local and global economic and competitive context; it is then relevant to use a 21st-century classification like the one this article proposes (developed versus emerging countries) rather than a 20th-century characterisation (old world versus new world) when describing, analysing, and defining the worlds of wine. Journal: Int. J. of Economics and Business Research Pages: 113-129 Issue: 1 Volume: 23 Year: 2022 Keywords: emerging countries; worlds of wine; wine global trade; wine production; wine consumption. File-URL: http://www.inderscience.com/link.php?id=119358 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:1:p:113-129 Template-Type: ReDIF-Article 1.0 Author-Name: Ali Lamouchi Author-X-Name-First: Ali Author-X-Name-Last: Lamouchi Author-Name: Abdelkader Mohamed Sghaier Derbali Author-X-Name-First: Abdelkader Mohamed Sghaier Author-X-Name-Last: Derbali Title: The determining factor of foreign direct investment: how significant are institutional aspects in developing countries? Abstract: Since the 1980s, the attractiveness of FDI has always been one of the growth drivers for most developing countries. The economic literature highlights the expected benefits of FDI in terms of job creation, currency inflows and spillovers. One of the questions at this level is the factors that determine the attractiveness of FDI. This paper is an empirical contribution in this topic. It covers a panel of 46 developing countries over the period from 1996 to 2018. Our empirical results show that, in addition to some classic determinants of FDI attractiveness, institutional factors, particularly those related to economic freedoms available to investors, are also of great importance. We find that economic freedoms have a significant impact on net flows of foreign direct investment. Also, we find that civil liberties, political freedoms, economic growth, and business environment have a considerable effect on net flows of FDI. Journal: Int. J. of Economics and Business Research Pages: 181-195 Issue: 2 Volume: 23 Year: 2022 Keywords: attraction of FDI; institutional factors; economic freedoms; economic growth; panel data. File-URL: http://www.inderscience.com/link.php?id=120643 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:2:p:181-195 Template-Type: ReDIF-Article 1.0 Author-Name: Oksana Kiforenko Author-X-Name-First: Oksana Author-X-Name-Last: Kiforenko Title: Ukraine-EU trade relations: statistical analysis of the total trade turnover Abstract: International trade between countries and countries' unions play a principal role in the increase of the people's living standards and provision of new jobs. The international trade statistics play an important role in the monitoring, analysis and making projections of national and macroeconomic developments of countries and countries' unions. The goal of the article was to analyse the original data of Ukraine-EU total trade turnover in terms of their annual variations and normality of their distribution. The log, square root and reciprocal transformations were implemented to the data, either original or reflected. The values of skewness and kurtosis, the results of Shapiro-Wilk tests and their corresponding p values, the histograms with fitted normality curves as well as Q-Q plots were presented and compared. The time frame of the data under analysis is 16 years. The research presented in the paper can be used by either big or small companies involved in the international trade, the EU international trade bodies and decision makers as well as by both beginners and experienced specialists in statistics and data science. Journal: Int. J. of Economics and Business Research Pages: 1-18 Issue: 1 Volume: 23 Year: 2022 Keywords: trade relations; Ukraine; European Union; Association Agreement; Deep and Comprehensive Free Trade Area; DCFTA; test for normality; skewness; kurtosis; Shapiro-Wilk test; fitted normality curve. File-URL: http://www.inderscience.com/link.php?id=119364 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:1:p:1-18 Template-Type: ReDIF-Article 1.0 Author-Name: Shagun Bansal Author-X-Name-First: Shagun Author-X-Name-Last: Bansal Author-Name: Anjani Kumar Singh Author-X-Name-First: Anjani Kumar Author-X-Name-Last: Singh Title: An empirical assessment of drivers of the informal micro and small enterprises: evidence from the city of Noida, India Abstract: This research paper intends to understand the informality level of informal enterprises and the reason for operating informally. Research was conducted in an industrial location of Noida, India that provides self-employment opportunities. Sampling technique used was stratified random sampling with sample size of 125 informal enterprises. The study was conducted through a structured questionnaire. The data was collected with the help of in-depth interview. The study tried to identify the factors that contribute to inception of informal business activities. The research also includes the challenges in running such enterprise. The research findings depict that majority of informal enterprises did not have access to credit through formal sources. This research concludes that informal enterprises do not have any expansion plan to grow and face major challenges relating to infrastructure and government regulations. The major reasons for informalisation were the lack of knowledge of registration, avoidance of taxes, and shortage of formal employment opportunities. This research work is original and has not been published anywhere else. Journal: Int. J. of Economics and Business Research Pages: 196-209 Issue: 2 Volume: 23 Year: 2022 Keywords: informal enterprise; entrepreneur; informality; determinants; regulations; corruption; registration; poverty; India. File-URL: http://www.inderscience.com/link.php?id=120644 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:2:p:196-209 Template-Type: ReDIF-Article 1.0 Author-Name: Folorunsho Monsuru Ajide Author-X-Name-First: Folorunsho Monsuru Author-X-Name-Last: Ajide Author-Name: James Temitope Dada Author-X-Name-First: James Temitope Author-X-Name-Last: Dada Author-Name: Johnson Kolawole Olowookere Author-X-Name-First: Johnson Kolawole Author-X-Name-Last: Olowookere Title: Shadow economy and foreign direct investment in Nigerian manufacturing industry Abstract: In this paper, we investigate the symmetric and asymmetric effect of shadow economy on foreign direct investment (FDI) in Nigerian manufacturing sector using ARDL and NARDL estimation techniques for the period of 1975-2017. We find that an increase in shadow economy reduces FDI net inflow in the short run while this relationship turns to be positive in the long run. This result persists after using NARDL to re-estimate the model. Negative and positive changes in the size of shadow economy have negative and significant effects on FDI in the short run, while in the long run both changes have positive effects on FDI in the sector. The results imply that in the short run, new foreign investors would like to operate in the formal sector due to tax incentives and other financial incentives available for new entrants. However, in the long run, shadow economy attracts FDI, because incentives enjoyed have expired coupled with high cost of doing business in the country. The investors would prefer to either look for loopholes in tax laws or attempt to evade tax and cut down official remittances to the government by operating in the informal sector of the economy. Journal: Int. J. of Economics and Business Research Pages: 156-180 Issue: 2 Volume: 23 Year: 2022 Keywords: informality; tax; foreign direct investment; FDI; NARDL; Nigeria. File-URL: http://www.inderscience.com/link.php?id=120646 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:2:p:156-180 Template-Type: ReDIF-Article 1.0 Author-Name: Renato Lopes Da Costa Author-X-Name-First: Renato Lopes Da Author-X-Name-Last: Costa Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Author-Name: Ricardo Santos Author-X-Name-First: Ricardo Author-X-Name-Last: Santos Title: The internationalisation challenges of Portuguese enterprises Abstract: This study aims to point out the internationalisation of Portuguese companies, and their main challenges. The internationalisation strategy for Portuguese companies is critical considering that the local economy is limited and exportations represent a very relevant part of the national GDP. The research was based on 15 interviews with CEOs and managers of Portuguese companies with international activity with the purpose to analyse the most relevant challenges in the internationalised process. The main findings are the importance of geographical and cultural proximity in the selection of foreign markets, the importance of internal and external influences in the choice of how to enter in the markets, the positive relationship between internationalisation and performance, as well as the lack of international expression that Portugal has in the sectors covered in this study. Journal: Int. J. of Economics and Business Research Pages: 92-112 Issue: 1 Volume: 23 Year: 2022 Keywords: internationalisation; challenges; strategy; Portuguese companies. File-URL: http://www.inderscience.com/link.php?id=119369 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:1:p:92-112 Template-Type: ReDIF-Article 1.0 Author-Name: Roberto Bergami Author-X-Name-First: Roberto Author-X-Name-Last: Bergami Author-Name: Lucie Tichá Author-X-Name-First: Lucie Author-X-Name-Last: Tichá Title: Managing Incoterms® 2020 export risks Abstract: Delivery of goods across international boundaries is an important consideration for any export sales contract. To assist international traders, the International Chamber of Commerce (ICC) published a new set of delivery terms - Incoterms<SUP align="right"><SMALL>®</SMALL></SUP> 2020, effective 1 January 2020. Using a practical approach, this paper considers the main Incoterms<SUP align="right"><SMALL>®</SMALL></SUP> 2020 rules through a risk management lens, highlighting major challenges and offering potential risk mitigation strategies to reduce exporter exposure in international sales contracts. The paper concludes that the exporting firm should adopt an enterprise risk management (ERM) approach to effectively minimise the risks associated with the physical delivery of export consignments. Journal: Int. J. of Economics and Business Research Pages: 255-273 Issue: 2 Volume: 23 Year: 2022 Keywords: Incoterms® 2020; risk management; risk mitigation; international trade; export risk; international delivery terms; international sales contracts; enterprise risk management; ERM; force majeure clauses in export contracts; customs clearance; tariffs and taxes; export documentation; international carriage of goods; United Nations Convention on Contracts for the International Sale of Goods (1980); International Chamber of Commerce. File-URL: http://www.inderscience.com/link.php?id=120651 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:2:p:255-273 Template-Type: ReDIF-Article 1.0 Author-Name: Neha Gupta Author-X-Name-First: Neha Author-X-Name-Last: Gupta Author-Name: Arya Kumar Author-X-Name-First: Arya Author-X-Name-Last: Kumar Title: Artificial neural networks for developing early warning system for banking system: Indian context Abstract: This study attempts to develop an early warning system for the Indian banking sector using artificial neural networks (ANNs) by considering important economic variables based on detailed literature review. It takes into account an Elman recurrent neural network and a multilayered feedforward backpropagation network (MLFN). The ANNs are evaluated based on their accuracy and calibration using quadratic probability score (QPS) and global squared bias (GSB) for both within the sample and out of the sample. The scores depict results with Elman recurrent network outperforming the MLFN. The uniqueness of this study lies in using and identifying pertinent macroeconomic variables to anticipate the banking sector fragility for the Indian economy using sequential feature selection algorithms. The ANN models are found to be appropriate and useful for policy planners to foresee the possibility of the occurrence of banking fragility and take proactive corrective measures to minimise and safeguard the economy from adverse implications of banking crisis. Journal: Int. J. of Economics and Business Research Pages: 229-254 Issue: 2 Volume: 23 Year: 2022 Keywords: early warning system; EWS; banking crisis; global financial crisis; artificial neural network; ANN. File-URL: http://www.inderscience.com/link.php?id=120652 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:2:p:229-254 Template-Type: ReDIF-Article 1.0 Author-Name: Nathapornpan Piyaareekul Uttama Author-X-Name-First: Nathapornpan Piyaareekul Author-X-Name-Last: Uttama Author-Name: Rapipong Promnart Author-X-Name-First: Rapipong Author-X-Name-Last: Promnart Title: Shadow economy and the efficiency of FDI inflow: the case of ASEAN economies Abstract: This paper focuses on the influence of shadow economy on the efficiency of foreign direct investment (FDI) inflow to the Association of Southeast Asian Nations (ASEAN). The panel stochastic frontier analysis with time varying technical inefficiency is employed to evaluate the efficiency level of inward FDI in nine ASEAN countries over the 2003 to 2017 period and examine the significant determinants affecting the efficiency of FDI inflow to ASEAN. The estimated results demonstrate that the efficiency levels of the FDI in such ASEAN countries are low. They also reveal that the market size and trade openness have significantly positive influences on the efficiency in attracting FDI to ASEAN countries. Moreover, the large shadow economy tends to significantly lower the ASEAN's FDI inefficiency, whereas a higher control of corruption significantly generates the FDI inefficiency in ASEAN. Journal: Int. J. of Economics and Business Research Pages: 136-155 Issue: 2 Volume: 23 Year: 2022 Keywords: foreign direct investment inflow; Greenfield investment; shadow economy; efficiency; stochastic frontier analysis. File-URL: http://www.inderscience.com/link.php?id=120653 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:2:p:136-155 Template-Type: ReDIF-Article 1.0 Author-Name: John Marangos Author-X-Name-First: John Author-X-Name-Last: Marangos Author-Name: Eirini Triarchi Author-X-Name-First: Eirini Author-X-Name-Last: Triarchi Author-Name: Themis Anhtrakidis Author-X-Name-First: Themis Author-X-Name-Last: Anhtrakidis Author-Name: Alexandra Dimitriadou Author-X-Name-First: Alexandra Author-X-Name-Last: Dimitriadou Author-Name: Angeliki Nestoroudi Author-X-Name-First: Angeliki Author-X-Name-Last: Nestoroudi Title: Inward and outward FDI and the shadow economy during the Greek Economic Crisis Abstract: The purpose of the paper is to discover the bearing of inward and outward FDI and the shadow economy on the Greek Economic Crisis (GREC) in reviving the shattered economy. Students and researchers of the global economic crisis will benefit from this novel approach in exploring the GREC from the inward and outward FDI and the shadow economy perspective. The paper establishes that inward and outward FDI and FDI stock as a percentage of GDP, after a substantial period of ups-and-downs, was on the road to recovery as the economy was coming out from the crisis. The shadow economy in Greece exhibits a paradoxical evolution, as it substantially declined due to the sharp reduction in incomes that reduced the demand for activities in the shadow economy. Economic policymakers need to exploit the recovery of inward and outward FDI and this once in a lifetime opportunity of the substantial reduction of the shadow economy. Journal: Int. J. of Economics and Business Research Pages: 210-228 Issue: 2 Volume: 23 Year: 2022 Keywords: inward FDI; outward FDI; shadow economy; Greece; Greek crisis; European crisis; global financial crisis. File-URL: http://www.inderscience.com/link.php?id=120654 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:2:p:210-228 Template-Type: ReDIF-Article 1.0 Author-Name: Onur Polat Author-X-Name-First: Onur Author-X-Name-Last: Polat Title: High-frequency stock market connectedness in G-7: evidence from time-frequency domains Abstract: In this work, we examine stock market contagion in G-7 countries by implementing the frequency connectedness methodology. In this context, we use daily MSCI Financial Indexes for G-7 countries ranging from 1995:01 to 2018:12 in the empirical model. The total spillover index computed in the 200-day moving window efficiently responds to prominent financial stress incidents over the analysed period. Furthermore, we examine the network topology of directional TO/FROM spillovers amongst G-7 stock markets. The network analysis underlines that the most advanced economies stand at the epicentre of the network and the Eurozone countries are strongly interconnected. Empirical findings of the study highlight the importance of constituting an efficacious regulatory framework for beholding the unsystematic risk. Journal: Int. J. of Economics and Business Research Pages: 16-28 Issue: 1/2 Volume: 24 Year: 2022 Keywords: MSCI Financials Index; idiosyncratic risk; financial contagion; spectral analysis; frequency connectedness. File-URL: http://www.inderscience.com/link.php?id=124278 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:16-28 Template-Type: ReDIF-Article 1.0 Author-Name: Hande Özgen Author-X-Name-First: Hande Author-X-Name-Last: Özgen Author-Name: Hale Özyürek Author-X-Name-First: Hale Author-X-Name-Last: Özyürek Title: Trend and impact analysis of master's theses and doctoral dissertations completed in Turkey on the topic of 'leadership' Abstract: In this study, trend and impact analysis of graduate theses written in Turkey between years 2000 and 2019 on the topic of leadership is conducted. The National Thesis Centre of Council of Higher Education of Turkey is searched using the keyword 'leader' to identify a total of 877 relevant graduate theses. These theses are investigated to gather data related to general properties of the theses (such as type of thesis, university in which thesis is written, language, number of pages, and gender of author) and contents of the theses (such as variables studied, research method, data collection method, sample group and size, and references utilised). For impact analysis, the search tool Google Scholar is used to determine the total number of citations for each thesis, which is then used to calculate the average number of citations per year. IBM SPSS software is used to process the gathered data. Journal: Int. J. of Economics and Business Research Pages: 29-51 Issue: 1/2 Volume: 24 Year: 2022 Keywords: leadership; master's theses; doctoral dissertations; Turkish universities; Council of Higher Education; National Thesis Centre; impact analysis; trend analysis; citations; Turkey. File-URL: http://www.inderscience.com/link.php?id=124279 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:29-51 Template-Type: ReDIF-Article 1.0 Author-Name: Anu Gupta Author-X-Name-First: Anu Author-X-Name-Last: Gupta Author-Name: Hemraj Verma Author-X-Name-First: Hemraj Author-X-Name-Last: Verma Author-Name: Vijay Kumar Jain Author-X-Name-First: Vijay Kumar Author-X-Name-Last: Jain Author-Name: Pankaj Kumar Author-X-Name-First: Pankaj Author-X-Name-Last: Kumar Title: Modelling drivers of millennials' green consumption behaviour: an interpretive structural modelling approach Abstract: Green consumption has occupied an important role due to the growing scarcity of natural resources and the rise in global temperatures. Increasing population and income of consumers, and wealth in the coming years are likely to put pressure on the resources. The solution to the above problem lies in the adoption of environmentally friendly products and sustainable consumption. The current study aims to identify and prioritise the enablers of green consumption behaviour among millennials. The interpretive structural modelling approach has been used to prioritise the enablers of green consumptions. A total of 13 enablers were identified based on literature and experts' opinion on green consumption. Green product experience, customer pressure, and information utility were found to be the most important enablers of green consumption behaviour. The finding of the study would help policymakers and marketers to encourage green consumption among millennials, thereby, improving the environment, cutting down emissions and environmental degradation. Journal: Int. J. of Economics and Business Research Pages: 73-90 Issue: 1/2 Volume: 24 Year: 2022 Keywords: environmental degradation; ecological footprint; green consumptions; interpretive structural modelling; ISM. File-URL: http://www.inderscience.com/link.php?id=124280 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:73-90 Template-Type: ReDIF-Article 1.0 Author-Name: Kiran Author-X-Name-First: Author-X-Name-Last: Kiran Author-Name: Vikas Arya Author-X-Name-First: Vikas Author-X-Name-Last: Arya Author-Name: Ran Singh Dhaliwal Author-X-Name-First: Ran Singh Author-X-Name-Last: Dhaliwal Title: Tripartite relationship of ethical behaviour, job involvement, and job performance and its relevance in the IT sector in India Abstract: The purpose of this study is to examine the causal relationship between an employee's ethical behaviour and their job performance and examining the mediating role of job involvement in the relationship between independent and dependent variables. This exploratory study investigated 647 respondents from different IT companies in India, using stratified random methodology. The conceptual model of various sub-constructs of ethical behaviour, job involvement, and job performance was tested using structural equation modelling. Data and hypothesis were tested using SPSS 22.0, AMOS 24.0, ADENCO and Process (Prof A. Hayes). The findings of the study support the mediating role of job involvement and depict that there is a moderating effect of respondents' experience and their education on the relationship of an employee's ethical behaviour and job performance. This research provides insights into understanding the impact of ethical behaviour on job involvement and job performance. Journal: Int. J. of Economics and Business Research Pages: 52-72 Issue: 1/2 Volume: 24 Year: 2022 Keywords: ethical behaviour; employee's attitudes; job involvement; job performance; IT Industry. File-URL: http://www.inderscience.com/link.php?id=124281 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:52-72 Template-Type: ReDIF-Article 1.0 Author-Name: Ali Eren Alper Author-X-Name-First: Ali Eren Author-X-Name-Last: Alper Author-Name: F. Özlem Alper Author-X-Name-First: F. Özlem Author-X-Name-Last: Alper Title: Investigation of the environmental Kuznets curve hypothesis for the MINT countries: the ecological footprint approach Abstract: According to the environmental Kuznets curve (EKC) hypothesis, as the per capita income of a country increases at the initial phases of economic development, the level of pollution also rises. However, once a certain threshold value is exceeded, the growth in per capita income reduces economic pollution. The EKC hypothesis claims the presence of an inverted U-shaped association between growth in income and environmental pollution. This study aims to ascertain the validity of the EKC hypothesis using ecological footprint and environmental pollution variables for MINT (Mexico, Indonesia, Nigeria, and Turkey) countries. According to the results obtained from the ARDL bounds test performed by following the Narayan and Narayan (2010) methodology, the EKC hypothesis is found valid for Mexico, Nigeria, and Turkey, since the short-term elasticities of the growth in per capita income exceeds the long-term elasticities in the countries. Journal: Int. J. of Economics and Business Research Pages: 91-115 Issue: 1/2 Volume: 24 Year: 2022 Keywords: environmental Kuznets curve; EKC; ecological footprint; ARDL bounds test; MINT. File-URL: http://www.inderscience.com/link.php?id=124283 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:91-115 Template-Type: ReDIF-Article 1.0 Author-Name: Arijit Choudhury Author-X-Name-First: Arijit Author-X-Name-Last: Choudhury Author-Name: Anirban Dutta Author-X-Name-First: Anirban Author-X-Name-Last: Dutta Author-Name: Sonit Dutta Author-X-Name-First: Sonit Author-X-Name-Last: Dutta Title: An analysis of employee happiness, engagement and organisational commitment in the banking sector of India Abstract: In recent days, employee happiness along with employee engagement has become the buzzword in the business sectors. The present study aims to identify a positive relationship between employee happiness, employee engagement and organisational commitment and tries to find out whether employee happiness and employee engagement can be predicting factors of organisational commitment in the banking sector of India. Descriptive research design has been followed in this study and it comprises of 337 samples collected from bank employees. After multivariate linear regression analysis, results indicate a significant positive relationship between employee happiness and engagement and also show that employee happiness and engagement can have predictive value for organisational commitment for the employees working in the Indian banking sector. Journal: Int. J. of Economics and Business Research Pages: 159-179 Issue: 1/2 Volume: 24 Year: 2022 Keywords: employee happiness; employee engagement; organisational commitment; Indian banking sector; regression analysis; India. File-URL: http://www.inderscience.com/link.php?id=124284 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:159-179 Template-Type: ReDIF-Article 1.0 Author-Name: Soonwook Hong Author-X-Name-First: Soonwook Author-X-Name-Last: Hong Title: The effects of capital raising on corporate social responsibility of chaebol firms Abstract: This study aims to verify the effects of capital raising on corporate social responsibility of chaebols. Each company has different intentions for CSR. Some firms truly fulfil their social responsibilities with pure philanthropic intentions, while others use CSR as a means for economic purposes. I would like to find out the intentions of CSR activities conducted by chaebol firms by investigating how the aspects of CSR activities vary depending on the situation of firms that raise capital. According to the results of analysis, chaebol firms that raised capital are more active in CSR. It is judged that chaebol firms are using CSR activities as a means for other purposes rather than conducting CSR activities with pure intentions. As society advances, demand for corporate social responsibility becomes larger. Although the Korean economy is making rapid strides, chaebol firms standing at the centre seem to be far behind the needs of the times. Journal: Int. J. of Economics and Business Research Pages: 217-233 Issue: 1/2 Volume: 24 Year: 2022 Keywords: chaebol; corporate social responsibility; CSR; sustainability; capital raising. File-URL: http://www.inderscience.com/link.php?id=124285 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:217-233 Template-Type: ReDIF-Article 1.0 Author-Name: Ankit Biswal Author-X-Name-First: Ankit Author-X-Name-Last: Biswal Author-Name: Pramod Kumar Mishra Author-X-Name-First: Pramod Kumar Author-X-Name-Last: Mishra Title: Exploring the relation between micro-lending and economic growth - evidence from Indian macro environment Abstract: Mixed results on the impact of microfinance continue to create concern among the policymakers due to the opportunity cost of the resources allocated towards micro-lending. While microfinance reduces income inequality, it becomes necessary to know its effect on economic growth, as income equality and growth are negatively correlated in developing economies. We hypothesise that microfinance leads to the economic growth of the nation at the macro level, using India's state wise panel data extracted by exploiting the database of Microfinance Institutions Network and database of the Reserve Bank of India. The study uses a random effects instrumental variable model to deal with the endogeneity and state and time effect involved due to bi-causality and panel data respectively. Results obtained, suggest that micro-lending has a significant and positive impact on the economic growth of a nation, which implies that microfinance can also contribute towards positive economic growth along with its role of reducing income inequality. Journal: Int. J. of Economics and Business Research Pages: 145-158 Issue: 1/2 Volume: 24 Year: 2022 Keywords: micro-lending; growth; gross domestic product; GDP; India; macro environment; gross loan portfolio; GLP. File-URL: http://www.inderscience.com/link.php?id=124287 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:145-158 Template-Type: ReDIF-Article 1.0 Author-Name: Seda Ekmen-Özçelik Author-X-Name-First: Seda Author-X-Name-Last: Ekmen-Özçelik Author-Name: İklim Gedik-Balay Author-X-Name-First: İklim Author-X-Name-Last: Gedik-Balay Title: Gender of top manager and firm innovation performance Abstract: This article examines how the gender of the top manager affects the likelihood of firms to innovate. The descriptive statistics of the study reveal that the presence of women in top managerial positions is still limited worldwide. Female top managers work generally in small-sized, non-exporter and domestic-owned firms. Empirical analyses show that female top managers increase the likelihood of the firms to accomplish product innovations, while they do not have a significant impact on other types of innovation, such as process innovations, having a technology license and having a quality certificate. However, these impacts vary with respect to firm characteristics such as exporter status. For example, female top managers have a higher positive impact on product innovation in exporting firms than in non-exporting firms. This study can be helpful for firms to be more innovative and competitive by reviewing and revising their gender discriminating attitudes towards top manager positions. Journal: Int. J. of Economics and Business Research Pages: 116-144 Issue: 1/2 Volume: 24 Year: 2022 Keywords: gender; top manager; innovation; firm; woman; product innovation; process innovation; quality certification; technology license; exporter status. File-URL: http://www.inderscience.com/link.php?id=124288 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:116-144 Template-Type: ReDIF-Article 1.0 Author-Name: Renato Lopes Da Costa Author-X-Name-First: Renato Lopes Da Author-X-Name-Last: Costa Author-Name: Luis Cabral Author-X-Name-First: Luis Author-X-Name-Last: Cabral Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Title: Entrepreneurship and digital markets Abstract: Over the past years, the digital industry has experienced a huge transformation, impacting not only entrepreneurship, but also digital platforms. All business strategies must be rethought, with the purpose of satisfying the consumer's needs, which are constantly changing. Entrepreneurs must adapt their products to the digital format and take advantage of the benefits that digitalisation can offer, especially in a context in which markets are more dynamic and uncertain. This research aimed to comprehend how entrepreneurship and digital platforms are related, identifying the main challenges. In this sense, three research questions were formulated, based on the literature review and, a questionnaire was applied. After combining a quantitative and qualitative analysis, it was possible to realise that it is essential to take into account that digitalisation requires a rethinking of the companies' strategies. Thus, entrepreneurs should take advantage of this opportunity to sell their products through these platforms. Journal: Int. J. of Economics and Business Research Pages: 271-285 Issue: 1/2 Volume: 24 Year: 2022 Keywords: entrepreneurship; digital platforms; digitalisation. File-URL: http://www.inderscience.com/link.php?id=124289 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:271-285 Template-Type: ReDIF-Article 1.0 Author-Name: Varuna Agarwala Author-X-Name-First: Varuna Author-X-Name-Last: Agarwala Author-Name: Tarak Nath Sahu Author-X-Name-First: Tarak Nath Author-X-Name-Last: Sahu Author-Name: Sudarshan Maity Author-X-Name-First: Sudarshan Author-X-Name-Last: Maity Title: Efficiency of public sector banks in achieving the goal of PMJDY and PMMY Abstract: The present study investigates the performance of public sector banks towards their role in achieving the target of financial and social inclusion with regards to the 'Pradhan Mantri Jan Dhan Yojana (PMJDY) ' and 'Pradhan Mantri Mudra Yojana (PMMY) ' in India. The performance has been measured using technical efficiency by applying data envelopment analysis over 2015-2016 to 2018-2019. The study finds that the participation of banks is at different levels under the two schemes of PMJDY and PMMY and overall, their weighted efficiency index varies from 62.6% to 70.6%. Further, the Spearman rank correlation has been calculated to know the correlation between overall ranks according to the technical efficiency score of PMJDY and PMMY. The overall weighted efficiency index and technical efficiency scores calculated for the two schemes indicate that the public sector banks group can enhance their efficiency by escalating their output level without changing the input quantity. Journal: Int. J. of Economics and Business Research Pages: 234-256 Issue: 1/2 Volume: 24 Year: 2022 Keywords: financial inclusion; social inclusion; Pradhan Mantri Jan Dhan Yojana; PMJDY; Pradhan Mantri Mudra Yojana; PMMY; technical efficiency; data envelopment analysis; DEA. File-URL: http://www.inderscience.com/link.php?id=124290 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:234-256 Template-Type: ReDIF-Article 1.0 Author-Name: Panagiotis Charalampakis Author-X-Name-First: Panagiotis Author-X-Name-Last: Charalampakis Author-Name: Antonios Georgopoulos Author-X-Name-First: Antonios Author-X-Name-Last: Georgopoulos Author-Name: Ilias Makris Author-X-Name-First: Ilias Author-X-Name-Last: Makris Author-Name: Stavros Stavroyiannis Author-X-Name-First: Stavros Author-X-Name-Last: Stavroyiannis Title: Identifying the factors affecting firm performance and growth: the case of Italian publicly listed companies Abstract: The 2008 financial crisis affected almost all of the Eurozone's member states but not in the same way. Italy, the 3rd largest country member of the Eurozone, in terms of GDP, was hit heavily by the economic crisis. Italy's GDP fell, income per capita has had a zero increase and gross debt has reached previously unthinkable levels. In this research, economic data of a large number of publicly listed Italian companies are examined, between 2008 and 2018. The aim is to identify common characteristics that are associated with company performance and growth during the period examined. A panel data analysis has been performed with focus on how firms' financial performance and growth are being affected by their financial health, internationalisation, and size. Similar studies are presented, and their findings are compared to investigate the factors that are crucial for firm growth, especially during a recessionary period. Journal: Int. J. of Economics and Business Research Pages: 257-270 Issue: 1/2 Volume: 24 Year: 2022 Keywords: financial crisis; Italy; publicly listed firms; performance; sales; debt; international sales. File-URL: http://www.inderscience.com/link.php?id=124291 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:257-270 Template-Type: ReDIF-Article 1.0 Author-Name: Ravi Kant Sharma Author-X-Name-First: Ravi Kant Author-X-Name-Last: Sharma Author-Name: Mujibur Rahman Author-X-Name-First: Mujibur Author-X-Name-Last: Rahman Author-Name: Shweta Nanda Author-X-Name-First: Shweta Author-X-Name-Last: Nanda Author-Name: Md. C. Rashid Author-X-Name-First: Md. C. Author-X-Name-Last: Rashid Title: A critical study of entrepreneurship and philanthropic activities of diaspora in India Abstract: This study investigates the issues and find out the nature and extent of entrepreneurial and philanthropic diaspora contributions to socio-economic development in India, the impact and influence of Indian outbound migrants and its impact and contributions to Indian entrepreneurial activities, and extent of contribution to philanthropic activities in India. Moreover, most of the reasons of migration are for business motive, migration after marriage, search of better employment opportunities and to live good quality of life. These migrations create major changes in population dispersion and have its effects on the cities and states of India. The migration which happens inside the country by nature is classified as internal or inbound migration Therefore, This study is to explore various types of motives and purpose which induce people to migrate such type of activities and also propose a holistic model for Indian entrepreneurial and philanthropic diaspora. Journal: Int. J. of Economics and Business Research Pages: 197-216 Issue: 1/2 Volume: 24 Year: 2022 Keywords: Indian entrepreneurial; philanthropic diaspora; migration; communities; contribution; India. File-URL: http://www.inderscience.com/link.php?id=124292 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:197-216 Template-Type: ReDIF-Article 1.0 Author-Name: Dilek Başar Dikmen Author-X-Name-First: Dilek Başar Author-X-Name-Last: Dikmen Author-Name: Fatih Hakan Dikmen Author-X-Name-First: Fatih Hakan Author-X-Name-Last: Dikmen Title: Youth underemployment in the Turkish labour market Abstract: The aim of this study is to examine the factors affecting youth underemployment in the Turkish labour market using the nationally representative household labour survey (HLS) provided by the Turkish Statistical Institute (TurkStat) for 2016 and 2018 and aims to reveal the changes occurring in the two-year period. In order to estimate youth underemployment, the logistic regression method is performed in the empirical analysis. The analysis is carried out for young people between the ages 15-24. The findings indicate that females are more likely to be underemployed as compared to males for both 2016 and 2018. Furthermore, young individuals graduated from university or masters are more likely to be underemployed for both years. The most important variable explaining the underemployment is the informal sector and individuals working in informal sector are more likely to be underemployed. Considering sectors, agricultural sector has more risk in terms of underemployment as compared to other sectors. Journal: Int. J. of Economics and Business Research Pages: 3-15 Issue: 1/2 Volume: 24 Year: 2022 Keywords: underemployment; Turkish labour market; logistic regression model; household labour survey; HLS; youth employment. File-URL: http://www.inderscience.com/link.php?id=124293 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:3-15 Template-Type: ReDIF-Article 1.0 Author-Name: Halyna Raiko Author-X-Name-First: Halyna Author-X-Name-Last: Raiko Author-Name: Dmytro Vasylkivskyi Author-X-Name-First: Dmytro Author-X-Name-Last: Vasylkivskyi Author-Name: Natalia Kovalska Author-X-Name-First: Natalia Author-X-Name-Last: Kovalska Author-Name: Irina Shvets Author-X-Name-First: Irina Author-X-Name-Last: Shvets Author-Name: Yuriy Shvets Author-X-Name-First: Yuriy Author-X-Name-Last: Shvets Author-Name: Serhii Makarenko Author-X-Name-First: Serhii Author-X-Name-Last: Makarenko Author-Name: Nataliia Oliinyk Author-X-Name-First: Nataliia Author-X-Name-Last: Oliinyk Author-Name: Serhii Rybachok Author-X-Name-First: Serhii Author-X-Name-Last: Rybachok Author-Name: Olha Kravchuk Author-X-Name-First: Olha Author-X-Name-Last: Kravchuk Author-Name: Vitalii Kovalov Author-X-Name-First: Vitalii Author-X-Name-Last: Kovalov Title: Integrated index of competitiveness as a basis for analysis of management systems for sustainable development of the territory Abstract: The article is devoted to the study of the economic aspects of territorial systems management, taking into account the experience of Ukraine based on the definition of regional competitiveness. An algorithm for calculation of the competitiveness index, which allows assessing qualitatively the advantages and disadvantages of a particular territorial system and affects its development in the future, has been described. A method of calculation the competitiveness index, consisting of five stages, has been developed. It allows a real-time assessment of effectiveness of a territorial system. Promising ways of further research of territorial systems are introduced. Journal: Int. J. of Economics and Business Research Pages: 286-303 Issue: 1/2 Volume: 24 Year: 2022 Keywords: territorial system; competitiveness index; factor analysis; strategic management; sustainable development. File-URL: http://www.inderscience.com/link.php?id=124297 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:286-303 Template-Type: ReDIF-Article 1.0 Author-Name: Sujit Gajananrao Metre Author-X-Name-First: Sujit Gajananrao Author-X-Name-Last: Metre Author-Name: Monika Jain Author-X-Name-First: Monika Author-X-Name-Last: Jain Title: Measuring shared mobility feasibility through shared mobility readiness and hesitation indices Abstract: The think tanks of developing countries have decided to go ahead with a shared mobility initiative to target the traffic-related challenges. The focus of the initiative is on making structural changes. Behavioural changes, although important, find a secondary place while planning such implementation. The current research has developed a conceptual and hypothesised model based on the documents and literature advocating shared mobility and tested the same using secondary and primary data. The shared mobility readiness index (SMRI) and shared mobility hesitation index (SMHI) are created to understand the acceptability of this initiative. The research concludes that the people are influenced by the idea but when it is their turn to implement it, they will hesitate. It has also been observed that since the problem is city-specific, the responsibility of the behavioural change lies with the local self-governments. Journal: Int. J. of Economics and Business Research Pages: 176-196 Issue: 1/2 Volume: 24 Year: 2022 Keywords: traffic congestion; vehicle pooling; pollution; shared mobility readiness index; SMRI; shared mobility hesitation index; SMHI; sustainable environment; security; privacy. File-URL: http://www.inderscience.com/link.php?id=124302 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:1/2:p:176-196 Template-Type: ReDIF-Article 1.0 Author-Name: Umer Ilyas Author-X-Name-First: Umer Author-X-Name-Last: Ilyas Author-Name: Matti Ullah Butt Author-X-Name-First: Matti Ullah Author-X-Name-Last: Butt Author-Name: Muhammad Gulzar Author-X-Name-First: Muhammad Author-X-Name-Last: Gulzar Title: An application of panel ARDL model with cointegration for portfolio management Abstract: The aims of this study are to explore the impact of macroeconomic variables on stock performance and to provide a knowledge platform with international applicability with the application of panel ARDL model with cointegration on Pakistan Stock Exchange (PSX) not only to have better development of portfolio but to overcome the deficiencies of conventional index base studies as well by finding this impact on not only every sector of PSX but upon each individual firm of the sector as well. For this purpose, monthly data for first quarter of 2005 until first quarter of 2020 was employed for exports, foreign direct investment, foreign exchange reserves, interest rate and inflation as independent variables and monthly stock prices as dependent variable. The results indicate that impact and response was significantly different for overall sector as compared to firms from within same sector for change in independent variables. This opens a new dimension of knowledge for portfolio managers. Journal: Int. J. of Economics and Business Research Pages: 275-298 Issue: 3 Volume: 23 Year: 2022 Keywords: portfolio; sectorial analysis; macroeconomic variables; MEVs; stock market performance; SMP; panel ARDL model. File-URL: http://www.inderscience.com/link.php?id=122051 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:3:p:275-298 Template-Type: ReDIF-Article 1.0 Author-Name: Rosa Ferrentino Author-X-Name-First: Rosa Author-X-Name-Last: Ferrentino Author-Name: Luca Vota Author-X-Name-First: Luca Author-X-Name-Last: Vota Title: A parametric model to price a portfolio of single-premium life insurance policies and to decompose its longevity risk Abstract: In this paper, the authors propose a statistical mathematical model to price an insurance portfolio consisting of single-premium life insurance policies, to calculate its variance and its longevity risk. The novelty introduced by the authors is that in their framework it is assumed that the outflows, namely the indemnities that are paid to the insured in life when the policies expire, are discounted at an uncertain interest rate. Other relevant hypotheses are that both the premium and the indemnity established by the insurance contract are constant until expiry and that the survival function of the policyholders is exponential. The authors show that both the price and the variance of the portfolio depend mainly on the speed at which the discount rate varies between the period of subscription of the policies and their expiry date, but also on the average value of this interest rate in the same period. Journal: Int. J. of Economics and Business Research Pages: 368-388 Issue: 3 Volume: 23 Year: 2022 Keywords: single-premium life insurance policy; risk decomposition; longevity risk; asset pricing; mathematical methods. File-URL: http://www.inderscience.com/link.php?id=122053 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:3:p:368-388 Template-Type: ReDIF-Article 1.0 Author-Name: Hani Hazaa Abdulbari Hazaa Author-X-Name-First: Hani Hazaa Abdulbari Author-X-Name-Last: Hazaa Author-Name: Noori Hazaa Abdulbari Author-X-Name-First: Noori Hazaa Author-X-Name-Last: Abdulbari Title: The restoration of monetary policy tools in armed conflict countries: the case of Yemen Abstract: Among the many problems facing Yemen, the disruption of the monetary policy tools remains paramount affecting millions of lives. This study aims to restore the monetary policy tools' functions in Yemen. This is done by first identifying the reasons behind the monetary policy tools' disruption, and then developing a new efficient monetary policies' management system (MPMS). Semi-structure interviews are used in two different stages: First, to identify the reasons behind monetary policy tools disruption; Second, to assess the efficacy of the developed MPMS. The study reveals that a high unpredictable inflation, a sharp fluctuation in the currency value, and a loss of trust in the central bank's functions are major reasons for the disruption of the country's monetary policy tools. Additionally, the developed MPMS received the satisfaction of the interviewee parties who include former T-bills investors, high-level officials in the Central Bank of Yemen, and the Minister of Finance. Thus, indicating efficacy achievement to the developed MPMS. Our results achieve a restoration to the disrupted monetary policy tools in armed conflict countries (i.e., Yemen). Journal: Int. J. of Economics and Business Research Pages: 299-313 Issue: 3 Volume: 23 Year: 2022 Keywords: Central Bank of Yemen; CBY; monetary policy; monetary policy failure; alternative monetary policy tools; Yemen. File-URL: http://www.inderscience.com/link.php?id=122054 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:3:p:299-313 Template-Type: ReDIF-Article 1.0 Author-Name: Soonwook Hong Author-X-Name-First: Soonwook Author-X-Name-Last: Hong Title: The effects of competition intensity on corporate social responsibility of chaebols Abstract: The purpose of this study is to investigate the effects of competition intensity on corporate social responsibility of chaebols. Companies will choose different management strategies depending on the environments in which they are placed for their sustainable growth. There may be diverse management strategies depending on the concentration of the industries to which the companies belong, that is, the intensity of competition. Empirical analysis shows that chaebol companies belonging to industries with high competition intensity are more actively engaged in CSR. These results indicate that the CSR activities of chaebol companies are far from pure purposes or philanthropic motivations. It can be inferred that the CSR activities of chaebol companies are due to strategic or economic purposes. This study's contribution includes the fact that it evaluated the quality of internal CSR activities rather than the quantity of superficial CSR activities of chaebol companies. Journal: Int. J. of Economics and Business Research Pages: 337-352 Issue: 3 Volume: 23 Year: 2022 Keywords: chaebol; corporate social responsibility; CSR; competition intensity; donation. File-URL: http://www.inderscience.com/link.php?id=122055 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:3:p:337-352 Template-Type: ReDIF-Article 1.0 Author-Name: Yi Zhang Author-X-Name-First: Yi Author-X-Name-Last: Zhang Author-Name: Jia Yu Author-X-Name-First: Jia Author-X-Name-Last: Yu Title: 'How could I choose my health insurance plan?' Determinants of employer-sponsored health insurance plan selection: application of machine learning technique Abstract: Selecting the appropriate, reasonable, and affordable health insurance plan becomes a very important question to solve for both employers and employees. Our research tries to locate the factors determining private sector health insurance plan enrolment decision, and also provides a guideline to both private companies and employees on health insurance plan selection strategies. By using Kaiser Family Foundation Annual Employer Health Benefits Survey (KFF EHBS) data, we apply random decision forest machine learning methodology to study the determinants of employees' health insurance selection, as well as to compare the prediction accuracy among different methodologies. The results indicate: 1) the employees at large firms and the firms with higher eligible rate would tend to choose PPO plan; 2) employees who need family coverage would have different choices comparing employees who seek for single coverage only; 3) employer's contribution and annual total contribution to the health insurance plan are the most important determinants on employees' insurance selection. The conclusion also can provide some suggestions to insurance companies on health insurance package design for different types of employers and employees. Journal: Int. J. of Economics and Business Research Pages: 353-367 Issue: 3 Volume: 23 Year: 2022 Keywords: health insurance; PPO; high-deductible health plan; HDP; machine learning; random decision forest; logit regression. File-URL: http://www.inderscience.com/link.php?id=122056 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:3:p:353-367 Template-Type: ReDIF-Article 1.0 Author-Name: Himanshu Narayan Prasad Author-X-Name-First: Himanshu Narayan Author-X-Name-Last: Prasad Author-Name: Gurudas Das Author-X-Name-First: Gurudas Author-X-Name-Last: Das Author-Name: Gorky Chakraborty Author-X-Name-First: Gorky Author-X-Name-Last: Chakraborty Title: Livelihood diversification of farm households under rainfed agriculture: a case of Barak Valley of Assam, India Abstract: The paper outlines the extent and pattern of rural livelihood diversification of farm households in Barak Valley of Assam, India. The study uses primary data collected from a sample of 450 farm households from the three districts that constitute the valley. We identify the major determinants of diversification towards non-farm activities by the farm households under the valley's rainfed agriculture. We also verify the role of non-farm earnings in improving the long-run economic wellbeing of farm households. We find that, among others, the percentage of household members employed in the non-farm sector, family size, average education of male working members, age of household head and size of landholdings emerge as significant determinants of livelihood diversification. It is also established that a farm household's non-farm earnings has a positive influence over its wealth index which is taken as a measure of its long run well-being. Journal: Int. J. of Economics and Business Research Pages: 314-336 Issue: 3 Volume: 23 Year: 2022 Keywords: farm household; income diversification; tobit regression; rainfed agriculture; India. File-URL: http://www.inderscience.com/link.php?id=122060 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:3:p:314-336 Template-Type: ReDIF-Article 1.0 Author-Name: Renato Lopes Da Costa Author-X-Name-First: Renato Lopes Da Author-X-Name-Last: Costa Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Author-Name: Carlos Jerónimo Author-X-Name-First: Carlos Author-X-Name-Last: Jerónimo Author-Name: Ricardo Santos Author-X-Name-First: Ricardo Author-X-Name-Last: Santos Title: Culture influence in international organisations Abstract: The amount of studies that have been done through the years within the field of culture and, specifically organisational culture, says a lot regarding the importance of the matter in organisations. Nowadays, it seems more and more important to demystify the concept of culture, so that organisations, especially those operating worldwide, may take the most advantage possible from it, in order to have satisfied employees, managers and sponsors. The objective of this study is to help understanding, from theory to practice, why and how important culture is for an international organisation and how important it is for an international organisation to have a common culture and to adapt and change it. For these purposes the research was conducted by an empirical study focused on 14 interviews made to top managers and directors of organisations operating internationally. The three proposed questions were answered and it was concluded that in a common opinion, culture is important in all companies, it is in fact the DNA of an organisation being the key to its success. Journal: Int. J. of Economics and Business Research Pages: 389-410 Issue: 3 Volume: 23 Year: 2022 Keywords: organisational culture; adaptation; internationalisation; international organisations. File-URL: http://www.inderscience.com/link.php?id=122061 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:23:y:2022:i:3:p:389-410 Template-Type: ReDIF-Article 1.0 Author-Name: Linh Duy Bui Author-X-Name-First: Linh Duy Author-X-Name-Last: Bui Author-Name: Chang Won Lee Author-X-Name-First: Chang Won Author-X-Name-Last: Lee Author-Name: Huu Phuoc Le Author-X-Name-First: Huu Phuoc Author-X-Name-Last: Le Author-Name: Duy Duong Author-X-Name-First: Duy Author-X-Name-Last: Duong Author-Name: Ngoc Quang Anh Huynh Author-X-Name-First: Ngoc Quang Anh Author-X-Name-Last: Huynh Title: Exchange rate stability and new entrepreneurs: empirical evidence in Vietnam Abstract: This paper examines the macroscopic determinants such as the asymmetries of the exchange rate and equity index of the number of newly established firms from Vietnam's perspectives. Employing a rich set of econometric techniques with weekly data from the first week of 2016 to October 2018, we attempt to shed further light on what drives the change of a number of Vietnamese companies registered and the amount of money invested in businesses. This paper serves as a foundation for future studies on the relationship between exchange rate stability and the decision to start up as well as a reference source for the decision-making process of both investors and policymakers in the context of the national entrepreneurship campaign. Journal: Int. J. of Economics and Business Research Pages: 408-424 Issue: 3 Volume: 24 Year: 2022 Keywords: Vietnam; entrepreneurs; capital; exchange rate; stock index. File-URL: http://www.inderscience.com/link.php?id=125390 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:408-424 Template-Type: ReDIF-Article 1.0 Author-Name: Renato Lopes da Costa Author-X-Name-First: Renato Lopes da Author-X-Name-Last: Costa Author-Name: Rafaela da Costa Pereira Author-X-Name-First: Rafaela da Costa Author-X-Name-Last: Pereira Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Author-Name: Ermelinda Carrachás Author-X-Name-First: Ermelinda Author-X-Name-Last: Carrachás Title: The leadership role in healthcare management Abstract: Within the changes in the Portuguese healthcare system across the years, new challenges emerge for healthcare practitioners, organisations, and their management boards, so the recognition of the need for different health professionals in healthcare management has been growing. However, physiotherapists' core responsibilities remain rooted on therapeutic practices and rehabilitation, developed primarily in clinical and hospital environments. Regarding this scenario, physiotherapists' functions continue to be absent to the highest healthcare management and leadership positions, despite their knowledge and understanding about how to ensure the best services to the patients. Using a mixed method approach, this investigation aimed to deepen the drivers to physiotherapists' involvement in healthcare management and leadership roles. For such, we combined a cross-sectional survey which was performed with 287 physiotherapists with in-depth interviews. Findings suggest that networking, knowledge regarding health legislation and policies, and soft skills development, are considered drivers to these roles, amongst other factors. Journal: Int. J. of Economics and Business Research Pages: 374-390 Issue: 3 Volume: 24 Year: 2022 Keywords: business administration; healthcare management; leadership; physiotherapy. File-URL: http://www.inderscience.com/link.php?id=125392 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:374-390 Template-Type: ReDIF-Article 1.0 Author-Name: Renu Bhardwaj Author-X-Name-First: Renu Author-X-Name-Last: Bhardwaj Author-Name: Pavleen Soni Author-X-Name-First: Pavleen Author-X-Name-Last: Soni Title: Examining the attitude of Indian consumers toward retail loyalty programs: a cluster analysis approach Abstract: In the current competitive retail scenario, managing relationships with customers is fundamental for the success of any business. Thus, retailers are striving for locking existing customers and hence, loyalty programs are becoming increasingly common in India. Therefore, the present study endeavours to touch the concerned phenomenon through the understanding of customers' attitude towards loyalty programs in the retail industry. In order to achieve the aforesaid objective, data have been collected from 741 adult Indian consumers through a structured questionnaire from Delhi region. Data have been analysed through confirmatory factor analysis (CFA), cluster analysis and chi-square test. The study revealed that customers overall demonstrated a positive attitude toward loyalty programs. More so, through the segmentation approach, three attitudinal clusters of respondents have been identified viz, 'relationship oriented', 'cherry pickers'. Journal: Int. J. of Economics and Business Research Pages: 425-440 Issue: 3 Volume: 24 Year: 2022 Keywords: loyalty programs; customer attitude; retailers; India. File-URL: http://www.inderscience.com/link.php?id=125393 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:425-440 Template-Type: ReDIF-Article 1.0 Author-Name: Avani Shah Author-X-Name-First: Avani Author-X-Name-Last: Shah Author-Name: Udai Lal Paliwal Author-X-Name-First: Udai Lal Author-X-Name-Last: Paliwal Title: Corporate governance and financial performance - a study of the Indian drug and pharmaceutical industry Abstract: Issues surrounding corporate governance practices assumed greater significance over the past few decades as research has proven that good corporate governance significantly influence performance of companies. Using panel data from 90 listed companies of the Indian drug and pharmaceutical industry for a period of five years (2015 to 2019), the present paper analyses the influence of corporate governance on financial performance of the sample companies. Return on assets (ROA) and return on capital employed (ROCE) were used to measure financial performance. The study revealed a mixed impact as promotor shareholdings, CEO duality and firm size were positively and significantly related to firm's financial performance, however, board independence, board size, leverage and liquidity were found not to have a significant impact. This study is useful as it provides some useful insights on the envisaged relationship in a specific context of the Indian drug and pharmaceutical industry. Journal: Int. J. of Economics and Business Research Pages: 357-373 Issue: 3 Volume: 24 Year: 2022 Keywords: corporate governance; financial performance; return on assets; ROA; return on capital employed; ROCE; promoter share holding; board size. File-URL: http://www.inderscience.com/link.php?id=125394 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:357-373 Template-Type: ReDIF-Article 1.0 Author-Name: Athanasios Anastasiou Author-X-Name-First: Athanasios Author-X-Name-Last: Anastasiou Author-Name: Dimitrios Komninos Author-X-Name-First: Dimitrios Author-X-Name-Last: Komninos Author-Name: Zacharias Dermatis Author-X-Name-First: Zacharias Author-X-Name-Last: Dermatis Author-Name: Efcharis Marinopoulou Author-X-Name-First: Efcharis Author-X-Name-Last: Marinopoulou Title: Female entrepreneurship and economic crisis in EU-28: the case of Greece Abstract: Entrepreneurship is considered one of the most important solutions to unemployment, poverty and low economic growth. Creating new businesses and growing existing businesses are vital factors that contribute to any economy. Women's entrepreneurship is an important key factor in economic growth. Taking into account the period 2006-2018, we find that in Greece female entrepreneurship in its early stages is moving at slightly lower levels than in Europe and innovation countries. The high unemployment of women and the difficulties of finding dependent work seem to lead Greek women to entrepreneurship more than in European countries and innovation countries. The negative image is complemented by the fact that in Greece a woman is more likely to shut down her business compared to other European countries. The main objective of this paper is to study female entrepreneurship in the European Union crisis and the case of Greece. Journal: Int. J. of Economics and Business Research Pages: 391-407 Issue: 3 Volume: 24 Year: 2022 Keywords: female entrepreneurship; growth; economic crisis; Greece. File-URL: http://www.inderscience.com/link.php?id=125395 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:391-407 Template-Type: ReDIF-Article 1.0 Author-Name: Wooyoung Shin Author-X-Name-First: Wooyoung Author-X-Name-Last: Shin Author-Name: Soonwook Hong Author-X-Name-First: Soonwook Author-X-Name-Last: Hong Title: A study on ethical management of South Korean Airlines Abstract: The purpose of this paper is to study the ethical management of South Korean Airlines. The importance of ethical management for sustainable management of firms has been gradually growing. Ethical management is divided into internal ethics and external ethics. Earnings management is known to represent internal ethics, while CSR is known to represent external ethics. Earnings management is measured by discretionary accruals, and CSR is measured by charitable contribution expenditures. The results of the analyses indicated that South Korean airlines' discretionary accruals were large while their charitable contribution expenditures were small. South Korean airlines can be regarded to practise more earnings management while conducting fewer charitable contributions. South Korean airlines are judged to be unethical both internally and externally. This paper is meaningful in that it verified the ethical management of airlines that emerged as a matter of national interest in South Korea in recent years. Journal: Int. J. of Economics and Business Research Pages: 344-356 Issue: 3 Volume: 24 Year: 2022 Keywords: airlines; ethical management; corporate social responsibility; charitable contributions; earnings management; discretionary accruals. File-URL: http://www.inderscience.com/link.php?id=125396 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:344-356 Template-Type: ReDIF-Article 1.0 Author-Name: Taanika Arora Author-X-Name-First: Taanika Author-X-Name-Last: Arora Title: A framework for enhancing the influence of Facebook advertising: the key role of personalisation and interactivity Abstract: Given the increasing popularity in the usage of Facebook across Indian consumers and the heavy allocation of advertising budget by companies on Facebook advertisements, the effectiveness of Facebook ads in attracting consumers remains limited. Therefore, this research emerges as a pioneering effort in proposing a comprehensive framework by integrating the Ducoffe' web advertising model, flow theory, personalisation and interactivity in determining their role in forming purchase intention towards Facebook advertisements. A systematic approach using non-probability sampling was used to collect data through a self-administered questionnaire (using Google Forums) from 702 active Indian Facebook users. The model deployed the structural equation modelling (SEM) technique for determining model fitness, establishing the validity, reliability of the adapted scales, and testing the proposed hypothesis. The results indicate that the proposed framework is a robust tool for measuring advertising effectiveness on Facebook. This study theoretically contributes to the application of the Facebook advertising model and practically contributes influential factors for effective advertising to marketers and advertisers. Journal: Int. J. of Economics and Business Research Pages: 305-343 Issue: 3 Volume: 24 Year: 2022 Keywords: social media; Facebook; advertising value; flow experience; purchase intention; personalisation; interactivity; entertainment; credibility; informativeness; irritation; incentives; design quality; privacy concerns. File-URL: http://www.inderscience.com/link.php?id=125402 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:3:p:305-343 Template-Type: ReDIF-Article 1.0 Author-Name: Chin Kee Tom Author-X-Name-First: Chin Kee Author-X-Name-Last: Tom Author-Name: Nitanan Koshy Matthew Author-X-Name-First: Nitanan Koshy Author-X-Name-Last: Matthew Author-Name: Ahmad bin Shuib Author-X-Name-First: Ahmad bin Author-X-Name-Last: Shuib Title: Monetary valuation of the amenity forest ecological conservation and management attributes in Malaysia Abstract: Incorporating users' preferences, expectations and demands when designing, planning and managing forest reserves for recreational purposes is crucial to success. This is particularly important in countries that have gazetted the forests as recreational forests for the public. This study aims to determine visitors' preferences on ecological and management recreational forest attributes, the levels of attributes and their preferences for particular forest attributes using the choice experiment method. The results indicated that visitors felt the number of workers in the park is sufficient, followed by more information boards (IB) (80% coverage) in the park being needed. Regarding facilities (IF), respondents were looking forward to seeing an improvement in up to 90% of the park's current facilities. In addition, respondents felt that park management should enhance their ecological management efforts in the park. The findings revealed in the AKRF that 83.6% of the respondents were willing to donate on ecological conservation and management. The quantity that participants were willing to donate amounted to RM44/year/family based on the random parameter logit model. The findings may assist policymakers in investigating the relationship between visitors and conservation and management in the AKRF. Journal: Int. J. of Economics and Business Research Pages: 441-470 Issue: 4 Volume: 24 Year: 2022 Keywords: choice experiment; recreational forest; ecological conservation and management attributes; willingness to donate; WTD; Malaysia. File-URL: http://www.inderscience.com/link.php?id=126427 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:4:p:441-470 Template-Type: ReDIF-Article 1.0 Author-Name: David Baldacchino Author-X-Name-First: David Author-X-Name-Last: Baldacchino Author-Name: Ian P. Cassar Author-X-Name-First: Ian P. Author-X-Name-Last: Cassar Title: The impact of a high influx of foreign workers on the Beveridge curve relation – evidence for Malta from an ARDL approach Abstract: In the context of a buoyant economic expansion and labour market tightening coupled with a huge influx of foreign workers in recent years, an analysis of the matching process between unemployed people and vacant jobs is deemed pivotal. The analysis presented in this study utilises an ARDL model to test for the existence of the Beveridge curve, and for relative shifts in the curve, and limited dependent variable models to test for the underlying factors behind the observed shifts, for the sample period 2002Q1 to 2019Q4. This study establishes that there exists a negatively sloped Beveridge curve, and that there have been two inward shifts in the Beveridge curve, with the first occurring during 2012, and a second, more pronounced shift, occurring during 2016. Both shifts were predominantly driven by the influx of foreign workers, with a positive output gap also having an effect during the second inward shift. Journal: Int. J. of Economics and Business Research Pages: 490-519 Issue: 4 Volume: 24 Year: 2022 Keywords: Beveridge curve; foreign workers; unemployment rate; vacancy rate; Malta; ARDL. File-URL: http://www.inderscience.com/link.php?id=126432 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:4:p:490-519 Template-Type: ReDIF-Article 1.0 Author-Name: Renato Lopes da Costa Author-X-Name-First: Renato Lopes da Author-X-Name-Last: Costa Author-Name: Luis Cabral Author-X-Name-First: Luis Author-X-Name-Last: Cabral Author-Name: Leandro Pereira Author-X-Name-First: Leandro Author-X-Name-Last: Pereira Author-Name: Álvaro Dias Author-X-Name-First: Álvaro Author-X-Name-Last: Dias Author-Name: Rui Gonçalves Author-X-Name-First: Rui Author-X-Name-Last: Gonçalves Title: The impact of digital transformation on media industry Abstract: The media industry is currently in the process of adapting digital transformation. As the industry is increasing its volume, due to the fact that the consumers are consuming more media than before, it is important to guarantee the fulfilment of consumer needs. After the literature review, the present article studied the opinions of some authors through a questionnaire that was used to comprehend the benefits that the digital transformation brought to the media industry, as well as understand how consumer behaviour has changed over the past years. In this sense, a new consumption style was identified, which is the involuntary one, where people really do not have the intention of using a content. To sum it up, the present article pretends to characterise the media industry and the consumer behaviour, in a digital context, where processes must be changed in order to adapt to imminent changes. Journal: Int. J. of Economics and Business Research Pages: 471-489 Issue: 4 Volume: 24 Year: 2022 Keywords: digital transformation; media industry; consumer behaviour; digital business. File-URL: http://www.inderscience.com/link.php?id=126434 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:4:p:471-489 Template-Type: ReDIF-Article 1.0 Author-Name: Sérgio Begnini Author-X-Name-First: Sérgio Author-X-Name-Last: Begnini Author-Name: Silvia S. Simi Author-X-Name-First: Silvia S. Author-X-Name-Last: Simi Author-Name: Carlos Eduardo Carvalho Author-X-Name-First: Carlos Eduardo Author-X-Name-Last: Carvalho Title: The influence of the absorptive capacity and the position of the firm in the cluster on coopetition Abstract: This research investigates the influence of absorptive capacity (ACAP) and the cluster's position on firm coopetition. The academic investigation of the relationships established between firms is fundamental. Three hypotheses were tested from the original data collection. The sample consisted of 77 firms from an agribusiness cluster. Structural equation modelling was used through SmartPLS 2.0 software. It is concluded that: 1) firm's ACAP influences its coopetition, that is, the more ACAP, the more coopetition will be generated; 2) relationships established in the cluster enable firms to maintain/improve their position; 3) the relationships held by the firm with other firms will impact its position in the cluster, and this position will influence its ability to cooperate. On practical issues, companies that participate in a cluster develop their capacity to act cooperation, becoming competitively stronger as they invest in learning. Journal: Int. J. of Economics and Business Research Pages: 533-554 Issue: 4 Volume: 24 Year: 2022 Keywords: coopetition; competition; cooperation; absorptive capacity; position in the cluster; agribusiness; firms; strategic actions; external information; managers. File-URL: http://www.inderscience.com/link.php?id=126438 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:4:p:533-554 Template-Type: ReDIF-Article 1.0 Author-Name: Murad Al Mawajdeh Author-X-Name-First: Murad Al Author-X-Name-Last: Mawajdeh Title: Business practice via social media platforms in the Emirate of Dubai as a model Abstract: The use of social media websites such as Facebook, Twitter, Instagram, and Snapchat have gained increased popularity in recent times. However, the lack of detailed legislation regulating the practice of business activities via social media may give rise to many difficulties, especially concerning the suitability of the current legal framework and whether such framework copes sensibly with the needs of online consumers. This paper thus explores how UAE laws engage with businesses conducted via social media to determine whether or not these laws give due attention to consumer protection in an online environment. Furthermore, this paper briefly addresses the main challenges that may be confronted when licensing e-merchants to practise their commercial activities via social media. Journal: Int. J. of Economics and Business Research Pages: 520-532 Issue: 4 Volume: 24 Year: 2022 Keywords: social media; consumer protection; Dubai; marketing. File-URL: http://www.inderscience.com/link.php?id=126444 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijecbr:v:24:y:2022:i:4:p:520-532