Most recent issue published online in the Global Business and Economics Review.
Global Business and Economics Review
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Global Business and Economics Review
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http://www.inderscience.com/browse/index.php?journalID=168&year=2024&vol=30&issue=2
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Earthquakes and market capitalisation: a historical perspective using panel data
http://www.inderscience.com/link.php?id=136427
We test if earthquakes could create market value as companies invest to recover. Using a large firm-level data set spanning 299 earthquakes, in 15 years, in over 50 countries, we find evidence consistent with the creative destruction hypothesis. However, a closer look shows that earthquakes create value for firms in less developed countries (non-G8) while destroying value in developed countries (G8). We interpret this as a sign that innovation can be easier in poorer countries where the economies of scale of adopting new technologies are bigger. We also report a magnitude effect: large earthquakes tend to increase firm value while smaller earthquakes are associated with value destruction. We posit that large earthquakes trigger large corporate responses that increase productivity while smaller earthquakes are dealt with temporary measures. Finally, we report new moderators of the positive impact: multinationality of the firm, a country's disaster preparedness and a country's non-life insurance consumption.
Earthquakes and market capitalisation: a historical perspective using panel data
Andrés RamÃrez; Nezih Altay
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 129 - 153
We test if earthquakes could create market value as companies invest to recover. Using a large firm-level data set spanning 299 earthquakes, in 15 years, in over 50 countries, we find evidence consistent with the creative destruction hypothesis. However, a closer look shows that earthquakes create value for firms in less developed countries (non-G8) while destroying value in developed countries (G8). We interpret this as a sign that innovation can be easier in poorer countries where the economies of scale of adopting new technologies are bigger. We also report a magnitude effect: large earthquakes tend to increase firm value while smaller earthquakes are associated with value destruction. We posit that large earthquakes trigger large corporate responses that increase productivity while smaller earthquakes are dealt with temporary measures. Finally, we report new moderators of the positive impact: multinationality of the firm, a country's disaster preparedness and a country's non-life insurance consumption.]]>
10.1504/GBER.2024.136427
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 129 - 153
Andrés RamÃrez
Nezih Altay
Department of Finance, Bryant University, 1150 Douglas Pike, Smithfield, RI 02917, USA ' Department of Management, DePaul University, 1 E. Jackson Blvd., Suite 7000, Chicago, IL 60604, USA
market capitalisation
earthquakes damage
cross-country
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Copyright © 2024 Inderscience Enterprises Ltd.
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Alternative corporate entrepreneurship strategies for improving firm performance using the analytical hierarchy process
http://www.inderscience.com/link.php?id=136428
This research was aimed at recommending alternative corporate entrepreneurship strategies for entrepreneurial orientation and leadership to improve company performance. Using a qualitative method, the factors of corporate entrepreneurship, entrepreneurial orientation, and entrepreneurial leadership strategies for lubricant distributors were determined through the analytical hierarchy process (AHP). This research was conducted in the lubricant business industry in Indonesia using focus group discussions (FGD) and in-depth interviews with several experts comprising distribution company owners, top management employees, and the principals. Subsequently, the results showed that the most dominant actor in improving performance is entrepreneurial leadership, and the leading actor is the owner. The findings obtained indicate that increasing sales growth is the main objective of improving company performance.
Alternative corporate entrepreneurship strategies for improving firm performance using the analytical hierarchy process
Indra Wahyudi; Arif Imam Suroso; Bustanul Arifin; Meika Syahbana Rusli; Rizal Syarief
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 154 - 175
This research was aimed at recommending alternative corporate entrepreneurship strategies for entrepreneurial orientation and leadership to improve company performance. Using a qualitative method, the factors of corporate entrepreneurship, entrepreneurial orientation, and entrepreneurial leadership strategies for lubricant distributors were determined through the analytical hierarchy process (AHP). This research was conducted in the lubricant business industry in Indonesia using focus group discussions (FGD) and in-depth interviews with several experts comprising distribution company owners, top management employees, and the principals. Subsequently, the results showed that the most dominant actor in improving performance is entrepreneurial leadership, and the leading actor is the owner. The findings obtained indicate that increasing sales growth is the main objective of improving company performance.]]>
10.1504/GBER.2024.136428
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 154 - 175
Indra Wahyudi
Arif Imam Suroso
Bustanul Arifin
Meika Syahbana Rusli
Rizal Syarief
School of Business, IPB University, Jl. Padjajaran Bogor, 16151, Indonesia ' School of Business, IPB University, Jl. Padjajaran Bogor, 16151, Indonesia ' Department of Agribusiness, Faculty of Agriculture, University of Lampung, Jl. Dr. Sumantri Brojonegoro, No. 1 Bandar Lampung, 35145, Indonesia ' Department of Agroindustrial Technology, Faculty of Agricultural Engineering and Technology, IPB University, Jl. Agatis, IPB Darmaga Campus, Bogor, 16680, Indonesia ' School of Business, IPB University, Jl. Padjajaran Bogor, 16151, Indonesia
analytic hierarchy process
corporate entrepreneurship
entrepreneurial leadership
entrepreneurial orientation
firm performance
lubricant business
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Copyright © 2024 Inderscience Enterprises Ltd.
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175
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Effects of external and internal influences on intentions to avoid single-use plastic bags
http://www.inderscience.com/link.php?id=136423
The purpose of this research is to investigate the effects of external and internal factors on intentions to avoid single-use plastic bags. Data were collected using online survey from 703 consumers in India using convenience sampling method. The results indicated that green advertisements, retailers' incentives, government policies (external factors), and extrinsic motivations and subjective norms (internal factors) had significant positive effects on intentions to avoid single-use plastic bags. The results of this study provide important implications to governments, policymakers, retailers, and the consumers to develop a sustainable eco-system.
Effects of external and internal influences on intentions to avoid single-use plastic bags
Rajendran Geetha; Chandrasekaran Padmavathy
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 176 - 188
The purpose of this research is to investigate the effects of external and internal factors on intentions to avoid single-use plastic bags. Data were collected using online survey from 703 consumers in India using convenience sampling method. The results indicated that green advertisements, retailers' incentives, government policies (external factors), and extrinsic motivations and subjective norms (internal factors) had significant positive effects on intentions to avoid single-use plastic bags. The results of this study provide important implications to governments, policymakers, retailers, and the consumers to develop a sustainable eco-system.]]>
10.1504/GBER.2024.136423
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 176 - 188
Rajendran Geetha
Chandrasekaran Padmavathy
Vellore Institute of Technology, VIT Business School, Vellore, 632 014, India ' Vellore Institute of Technology, VIT Business School, Chennai, 600 127, India
single-use plastic bags
green advertisements
incentives
government policies
extrinsic motivations
subjective norms
sustainable consumption
India
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Copyright © 2024 Inderscience Enterprises Ltd.
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Financial revenues from land in Vietnam: factors affecting their collection
http://www.inderscience.com/link.php?id=136425
The study aims to determine the factors affecting the collection of financial revenues from land. The study carried out a three-step survey through 400 householders to identify groups of influencing factors. Structural equation modelling (SEM) was used to assess the impact. Data checking was performed using SPSS20 and AMOS24 software. There are five groups of influencing factors. The group of human resources has the strongest impact, while the group of people having financial obligations has the weakest impact on the realisation of financial revenues from land. To better realise financial revenue from land, it is necessary to strengthen human resources, complete the land database, adjust the level of land financial revenue, complete administrative procedures, and raise the sense of law observance of people having land financial obligations.
Financial revenues from land in Vietnam: factors affecting their collection
Pham Phuong Nam; Phan Thi Thanh Huyen
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 189 - 209
The study aims to determine the factors affecting the collection of financial revenues from land. The study carried out a three-step survey through 400 householders to identify groups of influencing factors. Structural equation modelling (SEM) was used to assess the impact. Data checking was performed using SPSS20 and AMOS24 software. There are five groups of influencing factors. The group of human resources has the strongest impact, while the group of people having financial obligations has the weakest impact on the realisation of financial revenues from land. To better realise financial revenue from land, it is necessary to strengthen human resources, complete the land database, adjust the level of land financial revenue, complete administrative procedures, and raise the sense of law observance of people having land financial obligations.]]>
10.1504/GBER.2024.136425
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 189 - 209
Pham Phuong Nam
Phan Thi Thanh Huyen
Vietnam National University of Agriculture, Trau Quy Town, Gia Lam District, Hanoi City, Vietnam ' Vietnam National University of Agriculture, Trau Quy Town, Gia Lam District, Hanoi City, Vietnam
affecting factors
collection
financial revenue
land
Vietnam
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Copyright © 2024 Inderscience Enterprises Ltd.
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The role of microfinance institutions during the COVID-19 pandemic
http://www.inderscience.com/link.php?id=136426
This study found that BPR was selective in extending credit to entrepreneurs in the micro, small and medium enterprise (MSME) category. BPR has played a role in the 'Enough' category. The order of role values from the highest score is BPR BUKU 3, 2, and 1 based on asset, within and outside Java based on location. Moreover, the domicile of the BPR in the regency or city does not have a significant difference.
The role of microfinance institutions during the COVID-19 pandemic
Hasan Ashari; Trinandari Prasetyo Nugrahanti; Budi Joyo Santoso
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 210 - 233
This study found that BPR was selective in extending credit to entrepreneurs in the micro, small and medium enterprise (MSME) category. BPR has played a role in the 'Enough' category. The order of role values from the highest score is BPR BUKU 3, 2, and 1 based on asset, within and outside Java based on location. Moreover, the domicile of the BPR in the regency or city does not have a significant difference.]]>
10.1504/GBER.2024.136426
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 210 - 233
Hasan Ashari
Trinandari Prasetyo Nugrahanti
Budi Joyo Santoso
Department of Economic and Business, ABFI Perbanas Institute, Indonesia; Microfinance Institution Observer, Jakarta, Indonesia ' Department of Economic and Business, ABFI Perbanas Institute, Indonesia; Microfinance Institution Observer, Jakarta, Indonesia ' Department of Economic and Business, ABFI Perbanas Institute, Indonesia; Microfinance Institution Observer, Jakarta, Indonesia
role of rural banks
COVID-19 pandemic
micro finance institution
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Copyright © 2024 Inderscience Enterprises Ltd.
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Dynamic effects of crude oil price shocks on stock markets and exchange rates: evidence from major oil importing countries amid Russia-Ukraine conflict
http://www.inderscience.com/link.php?id=136424
The recent Russia-Ukraine conflict is having a serious impact on global economic conditions. In this context, the present paper attempts to study specifically the effects of the steep surge in crude oil prices on stock market indices and real effective exchange rates (REER) of the major five crude oil importing (in terms of net imports) countries namely People's Republic of China, India, Japan, Republic of Korea, and Germany. The paper applies the DCC - MGARCH (1, 1) model based on daily data to capture the effect of the Brent crude oil price shock that uses a linear combination of the univariate GARCH model with time-varying cross equation weights to model the conditional covariance matrix of the error terms. The result of the study reveals that there is a noteworthy short-run (DCCα1) and long-run (DCCβ1) volatility spillover effects running from Brent crude oil price to all the stock market indices along with REERs.
Dynamic effects of crude oil price shocks on stock markets and exchange rates: evidence from major oil importing countries amid Russia-Ukraine conflict
Bhaskar Bagchi; Biswajit Paul; Raktim Ghosh
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 234 - 257
The recent Russia-Ukraine conflict is having a serious impact on global economic conditions. In this context, the present paper attempts to study specifically the effects of the steep surge in crude oil prices on stock market indices and real effective exchange rates (REER) of the major five crude oil importing (in terms of net imports) countries namely People's Republic of China, India, Japan, Republic of Korea, and Germany. The paper applies the DCC - MGARCH (1, 1) model based on daily data to capture the effect of the Brent crude oil price shock that uses a linear combination of the univariate GARCH model with time-varying cross equation weights to model the conditional covariance matrix of the error terms. The result of the study reveals that there is a noteworthy short-run (DCCα1) and long-run (DCCβ1) volatility spillover effects running from Brent crude oil price to all the stock market indices along with REERs.]]>
10.1504/GBER.2024.136424
Global Business and Economics Review, Vol. 30, No. 2 (2024) pp. 234 - 257
Bhaskar Bagchi
Biswajit Paul
Raktim Ghosh
Department of Commerce, University of Gour Banga, NH-34, P.O-Mokdumpur, Malda, 732103, West Bengal, India ' Department of Commerce, University of Gour Banga, NH-34, P.O-Mokdumpur, Malda, 732103, West Bengal, India ' Department of Commerce, University of Gour Banga, NH-34, P.O-Mokdumpur, Malda, 732103, West Bengal, India
crude oil price
real effective exchange rate
REER
stock return
DCC-MGARCH
Russia
Ukraine
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Copyright © 2024 Inderscience Enterprises Ltd.
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257
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