Forthcoming articles


International Journal of Trade and Global Markets


These articles have been peer-reviewed and accepted for publication in IJTGM, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.


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International Journal of Trade and Global Markets (19 papers in press)


Regular Issues


  • Analysis Sharia tourism as resource of finance public sector in Indonesia use total quality service
    by Puji Astutik, Lathifa Hapsari 

    Abstract: This research aims to analyse marketing strategies and the competitive advantages of Chocodot and Choco.Dol and to formulate appropriate marketing strategies for both brands. The data collection in this qualitative research involved interviews with producers and consumers. Results corroborate that the relevant marketing strategies for a competitive advantage for Chocodot products are as follows: 1) targeting the teenager market group; 2) standardising selling prices; 3) improving taste quality; 4) reducing the frequency of product replacement; 5) expanding distribution and a product line; 6) strengthening positioning as Indonesian Chocolate. The advantage strategy of Choco.Dol is directed to the efforts of communicating integrated product advantages, expanding distribution according to the PICNIC dodol system, becoming a shadow of Chocodot distribution, stopping the expansion of the new product line of the chocolate category, branding to stores, closing access to Chocodot products in the outlets of PICNIC producers and intensive publication on mass media.
    Keywords: marketing strategy; competitive advantage; Chocodot; Choco.Dol.
    DOI: 10.1504/IJTGM.2018.10011155
  • Constructed Interpretation of Tax Compliance through the Historicity, Rationality, and Actuality of Pancasila (Cases in Indonesia)   Order a copy of this article
    by I. Nyoman Darmayasa 
    Abstract: The purpose of this study is to construct an interpretation of the tax compliance of taxpayers participating in the Indonesian government
    Keywords: Tax Compliance; Tax Amnesty; Historicity; Rationality; and Actuality of Pancasila; Socio-Religiosity; Gotong Royong.
    DOI: 10.1504/IJTGM.2018.10011156
    by Mardanung Patmo Cahjono 
    Abstract: Employee stock option plan (ESOP) represents one of the compensation forms conducted by a company to overcome the agency cost problems. The objective of this study is to analyse the ESOP implementation determinants. They include total assets (TA), debt to equity ratio (DER), market to book value ratio (MBR), growth, current ratio (CR), and time interest earned ratio (TIER) on the implementation of ESOP for companies in Indonesia. The population of the research was all of the companies which implement the ESOP and which are listed on Indonesia Stock Exchange (IDX). Its samples were 34 companies. The result of this study shows that the company size, leverage, growth, and liquidity has a significantly negative effect on the ESOP implementation. The enterprises which valued from the MBR and TIER have a significant positive effect on the ESOP implementation.
    Keywords:  ESOP; Agency Cost; Compensation; Signaling Theory; Employee; stock option.
    DOI: 10.1504/IJTGM.2018.10012023
  • Perception of Contractual Risk Allocation in the Oil and Gas Contracts in Malaysia.   Order a copy of this article
    by Wan M. Zulhafiz 
    Abstract: Oil and gas projects are risky undertakings, which may cause severe damages to property and the environment, not to mention, personal injury and death to personnel. Contractual provision such as an indemnity and mutual hold harmless clause is used as a tool in allocating the risks. However, as a consequence of the private and government litigation arising from the Macondo oil spill in the Gulf of Mexico in 2010, evidence suggests that operators generally are seeking to modify the established approach to liability allocation through individual contract negotiations with contractors. This scenario has significant and potentially adverse financial implications for the contractors and for the long-term sustainability of the industry. An empirical study was conducted to investigate the issues and problems with regard to contractual risk allocation in oilfield service contracts in Malaysia. The methodology employed in this paper will essentially be a combination of literature review and qualitative study.
    Keywords: contract law; oil and gas law; oilfield service contracts; risk allocation; empirical study; unfair contract terms; operator; contractor; standard form contracts; Macondo case; Malaysia.
    DOI: 10.1504/IJTGM.2018.10011157
  • Does Export Promotion Policy Benefit for ASEAN Economic Development?   Order a copy of this article
    by Dwi Budi Santosa 
    Abstract: The main objective of this research is to analyse whether the export promotion policy can benefit ASEAN economic growth. The study applies secondary data from 1993 to 2015 in five countries of ASEAN: Indonesia, Malaysia, Philippines, Thailand and Singapore. 3SLS methods are applied in this study. The results suggest that the import substitution policy implemented in five ASEAN countries tend to accelerate the economic growth through agroindustry advancement. However, for non-agricultural base countries, promotion export would speed up industrialisation toward rapid economic growth.
    Keywords: International trade; export promotion; import tariff; industrialization.
    DOI: 10.1504/IJTGM.2018.10011164
  • The Penetration of Business Excellence Model Approach and Interconnection with Corporate Social Responsibility in Emerging Country: A Case Study in the Czech Republic   Order a copy of this article
    by Pavel Adámek 
    Abstract: The paper provides a general approach to explore the suitability of business excellence models (BEMs) to include corporate social responsibility (CSR) and found the synergic approach in deploying issues of BEMs and CSR. The aim of the paper is to provide an overview of the BEMs approach and found the relevance of the issues of social responsibility. As an example was involved the Czech organisations awarded in national quality award (NQA) in the area of excellence and social responsibility in 2016. This study is based on information gathered through an extensive literature review using research databases, and the available CSR reporting. The study is expected to help in reviewing national business excellence strategies and promote the involvement of the organisations into NQA. Although BEMs and CSR have been demonstrated on a theoretical level, practice points to different outputs and the organisation are only sporadically synergistically propel these two approaches.
    Keywords: Business excellence model; Corporate Social Responsibility; National Quality Awards; EFQM excellence model.
    DOI: 10.1504/IJTGM.2018.10011166
  • The Critical Factors of Research and Innovation Creation in Public Universities in Thailand   Order a copy of this article
    by Boonsang Supapawawisit 
    Abstract: A university, which is the main form of higher education institution (HEI), aims to develop and promote education, generate academic excellence and transfer academic knowledge to solve social problems. To enhance the innovation creation in universities, the relevant factors that affect such creation should be investigated. Hence, this study aims to investigate the critical factors that affect research and innovation creation in public universities in Thailand. The relevant literature was reviewed and research was conducted using a qualitative research approach. Data were collected from in-depth interviews of 11 executives purposely selected from 8 frontier public universities in Thailand. The data were analysed using NVivo qualitative research software. Results revealed 15 critical factors in the following descending order: resource, goal, database and information technology, working environment, managerial process, policy, network, organisational structure, human resource management, government support, strategy, compensation, organisation culture, vision and leader factor. Moreover, results identified the issues that should be addressed.
    Keywords: critical factors; research; innovation creation; public university.
    DOI: 10.1504/IJTGM.2018.10011167
  • Identification of the Connection between Tourism Demand and Economic Growth in ASEAN-3   Order a copy of this article
    Abstract: This paper is based on the Bayesian inference to explore two purposes. First, the specific objective is proposed to consider an empirical analysis employing the panel Bayesian vector autoregressive (PBVAR) model. Secondly, the empirical study is aimed to analyse the driven factor between tourism demands and service sectors by adapting Granger-causality Bayesian test. Technically, the simulated computation called Markov chain Monte Carlo (MCMC) approach is employed to investigate the research
    Keywords: Tourism Demands; Bayesian Inference; Panel data, Panel Bayesian Vector Autoregressive Model, Granger-causality Bayesian test.
    DOI: 10.1504/IJTGM.2018.10011168
  • Influence of Personality on Impulsive Buying Behavior Among Indonesian Young Consumers   Order a copy of this article
    by Dimas Hendrawan 
    Abstract: Personality is inner psychological characteristics that reflect how a consumer reacts to the environment especially in buying behaviour. The objective of this research is to examine the influence of five personality traits, called the big five personality traits that consist of extraversion, agreeableness, conscientiousness, emotional stability, and openness to experiences on impulsive buying behaviour. Using the purposive sampling method, respondents were collected from 150 Indonesian young consumers with the help of self-administered questionnaire survey approach. Data analysis was done using multiple regression analysis. Importantly, five hypotheses were examined and two were found to be supported. The result showed that extraversion and agreeableness personalities partially influenced impulsive buying behaviour. Also, results indicated that conscientiousness, emotional stability, and openness to experiences did not influence impulsive buying behaviour. This research is one of the initial attempts in Indonesian context to understand the importance of personality value among young consumers directing to impulsive buying behaviour.
    Keywords: extraversion; agreeableness; conscientiousness; emotional stability; openness to experience; impulsive buying behavior.
    DOI: 10.1504/IJTGM.2018.10012024
    by Basri Savitha 
    Abstract: Mobile banking has revolutionised the way banks create value for customers by providing low-cost self-service alternatives without temporal and spatial limitations. This paper aims to determine the factors that have a bearing on the adoption of mobile banking services by using a unified theory of acceptance and use of technology (UTAUT) model. An empirical descriptive study was carried out in Udupi district of the state of Karnataka to collect data using judgement sampling procedure. The data were analysed using partial least square method of structural equation modelling. Performance expectancy and effort expectancy significantly influences the intention to adopt. Multigroup analysis by gender reveals that the effect of performance expectancy on adoption intention is considerably higher for male than female population. For widespread adoption of mobile banking, rural customers should perceive the process of banking transactions as convenient, easy-to-use and understand and publicise the usefulness of electronic medium over traditional medium through awareness campaigns.
    Keywords: Adoption; effort expectancy; mobile banking; UTAUT.
    DOI: 10.1504/IJTGM.2018.10012026
    by Thu Hoai Ho 
    Abstract: This paper focuses on analysing the changes in the impossible trinity administration in Vietnam before and after the global financial crisis 2007
    Keywords: Trilemma; Monetary policy; FDI capital; Exchange rate.
    DOI: 10.1504/IJTGM.2018.10012027
  • Determinants of Momentum Strategy and Return in Short Time Horizon: Case in Indonesian Stock Market   Order a copy of this article
    by Rio Adrianus 
    Abstract: This research examined momentum profitability over a various time horizon and its sources in Indonesian stock market. The results show that the profitability of momentum return was inversely related to its holding period. The average return for 60 days strategy was significantly higher than buy-and-hold, while the return for 10 days strategy was significantly lower from buy-and-hold. In the section of momentum return sources, it is found that sector rotation is significant in explaining momentum returns in both winner and loser portfolio for all time horizons, while other variables have mixed influence.
    Keywords: momentum strategy; Indonesian stock market; sector rotation; momentum sources.
    DOI: 10.1504/IJTGM.2018.10012030
  • The Relationship between Competitive Advantage and the Value Relevance of Accounting Information   Order a copy of this article
    by Sang-Lyul Ryu 
    Abstract: This study examines the relationship between competitive advantage and the value relevance of accounting information. The advantage that a firm has over its competitors can be defined as its relative efficiency in transforming the performance of key success factors into the firm
    Keywords: competitive advantage; firm lifecycle; data envelopment analysis (DEA); value relevance; accounting information; efficiency.
    DOI: 10.1504/IJTGM.2018.10012036
    by Erna Setiany 
    Abstract: This research aims to examine the social disclosure in South East Asia hospitality companies, and the relationship between corporate governance and its social disclosure. Corporate governance are identified from board of commissioner size, proportion of independent commissioner, managerial ownership, and institutional ownership. Company
    Keywords: Keywords: corporate governance; social disclosure; board of commissioner size; proportion of independent commissioner; managerial ownership; institutional ownership.
    DOI: 10.1504/IJTGM.2018.10012037

Special Issue on: Exploring Socio-Economic Dimensions of Business Strategies Interdisciplinary Approaches

  • Growth and business development: promoting new talent within SME fashion design and adding value to the economy in Bangladesh - characteristics, opportunities and barriers to growth
    by Lynne Hammond, Saiqa Anne Qureshi, Maher Anjum 

Special Issue on: Interdisciplinary Research on International Market Strategies and Performance

  • Performance evaluation of Philippine mutual funds via the Modigliani and Modigliani measure
    by Catherine Kalayaan S. Almonte 
    Keywords: .

  • Are food prices affected by crude oil price: causality investigation
    by Saleh Mothana Obadi, Matej Korček 
    Keywords: .

  • The current assessment of foreign direct investment in the Middle East and North African Region
    by Ritab Al-Khouri 
    Keywords: .