J. for Global Business Advancement (10 papers in press)

Regular Issues

• THE FINANCIAL CRISES AND THE STABILITY OF THE FINANCIAL SYSTEM: A COMPARISON OF DEVELOPED AND LESS DEVELOPED COUNTRIES  
  by Halil Kaya 
  Abstract: This study examines the impact of the 2008 global crisis on the stability of high-income, middle-income and low-income countries financial systems. During the run-up to the crisis, there were no warning signs. During the crisis, banks non-performing loans significantly increased in high-income OECD and middle-income countries, but not in high-income non-OECD and low-income countries. The liquid assets of the high-income non-OECD countries decreased significantly. Interestingly, none of the low-income countries stability measures changed significantly. After the crisis, bank capital and regulatory capital increased significantly in high-income OECD countries and regulatory capital increased significantly in high-income non-OECD and middle-income countries. Overall, the results indicate that the impact of the crisis was more persistent in high-income OECD and middle-income countries. Our results also show that government reactions differed by countries income groups.
  Keywords: financial system; stability; global crisis; financial crisis; bank credit; bank capital; regulatory capital; liquid assets; z-score; non-performing loans.
  
  
• The relationship between internationalisation strategies and human capital in Brazilian companies  
  by Mara Mataveli, Juan Carlos Ayala, Alfonso J. Gil 
  Abstract: This paper aims to investigate the relationship between the internationalisation strategies of Brazilian companies, especially the entry strategies in international markets, and human capital. These strategies are compared with the human capital - general and specific, of companies. A sample of 318 statistically significant companies was collected from Brazilian exporting companies. First, a descriptive analysis is carried out and, second, an analysis of variance to find out possible significant differences between the strategies for entering foreign trade and exporting companies' human capital. It is found that the most frequent internationalization strategy of companies is exporting both through direct export and third-party export. The rest of the strategies that are proposed are significantly less frequent. There are no significant differences between exports through third parties and general and specific human capital, nor are there significant differences between direct exports and general human capital. Statistically, significant differences are found in the rest of the strategies. This paper analyses the relationship between entry strategies to foreign trade and human capital in an emerging country like Brazil. It shows that export is the most frequent entry strategy in foreign markets. Besides, it confirms the scope of human capital in export behaviour.
  Keywords: internationalisation strategy; human capital; exports; emerging economies; Brazil.
  
  
• Determinants of the budgetary transparency of public finance in Thailand's educational sector  
  by Prakaydao Krissadee, Pairote Pathranarakul 
  Abstract: Public spending on education in Thailand has been beset by a string of corruption charges in recent years. Budgetary transparency can improve the quality of governance and accountability in public spending. This paper examines determinants of budget transparency in public finance in Thailand's education sector, with a focus on four areas specified in the International Monetary Fund's fiscal code: fiscal reporting, forecasting, and budgeting, fiscal risk analysis and management, and resource revenue management. Questionnaire data were gathered from officials of the Thai Ministry of Education working on budgeting processes. Results showed that transparency is established through 10 key determinants: efficient use of technology, timely reporting, early commencement of the budgeting process, democratic decision-making in budget allocation, objective review of budget performance, quality of revenue resource management, effective anticorruption measures, effective stakeholder engagement in the budgeting process, quality of governance, and accountability. Fiscal transparency in Thailand is below average compared to other nations, though progress has been made on fiscal reporting and fiscal forecasting and management.
  Keywords: budgetary/fiscal transparency; budgeting process; public finance; determinants; transparency dimensions; governance.
  DOI: 10.1504/JGBA.2022.10051794
   
  
• Accessibility of financial information on the official websites of ASEAN countries  
  by Indrawati Yuhertiana, Lukman Arif, Fajar Saiful Akbar 
  Abstract: The purpose of this study is to evaluate the presence of government reporting on financial information on 10 websites of countries belonging to the Association of Southeast Asian Nations (ASEAN). The study is performed by elaborating the type of information and characteristic information regarding the budgets and financial information of these countries. It is found that the financial information disclosed via the internet differs among these countries. This study use official government website homepage to explore the accessibility of financial government information. There are 30 websites observed from 10 ASEAN members. In each countries, there are three websites that related with government financial information are observed, i.e. official government website, ministry of finance website and national government auditor website. The website observation period was carried out for 50 days. Transparency, as the heart of the public sector accounting reform, of these countries is not at the same level and the accessibility of internet financial reporting on the websites of ASEAN members at the state level is still low. Therefore, this study highlights that accurate, detailed and timely information on the official government websites can boost the increase of the transparency level, which helps people with better quality decision-making in the new era of Industry 4.0.
  Keywords: government financial reporting; transparency; ASEAN.
  
  
• Drivers of green tourism behaviour: examining cognitive, social, and behavioural perspectives among Gen Z  
  by Vuong-Bach Vo, Huu Dat Van, Thu-Phuong Tran, Tuong-Vy Ngoc Vo 
  Abstract: This study investigates the factors influencing Gen Z’s intention towards green tourism services in Vietnam, integrating the Theory of Planned Behaviour and Social Cognitive Theory. A quantitative research approach was employed, utilizing a questionnaire survey to collect data from 310 Gen Z respondents with experience or understanding of green tourism. The study categorizes influencing factors into three perspectives: cognitive perspective, social perspective, and behavioural perspective. The findings indicate that self-environmental awareness, attitude toward green tourism, self-efficacy, and green destination services significantly impact the intention to use green tourism, which, in turn, drives actual green tourism behaviour. However, social media and green marketing were found to be statistically insignificant in shaping these intentions. The study underscores the key role of eco-consciousness, behavioral control, and strategic communication in advancing sustainable tourism, offering practical guidance for policymakers and stakeholders in Vietnam and other developing countries.
  Keywords: self-environmental awareness; attitude; green marketing; social Media; self-efficacy; destination green services; green tourism behaviour.
  DOI: 10.1504/JGBA.2025.10075280
   
  
• Strategic pathways to world-class universities: the moderating role of national strategic planning on talent, governance, and resources  
  by Basheer Alhaimi, Kyle Wells, Daing Nasir Ibrahim, Mohd Rashid Bin Ab Hamid 
  Abstract: This study examines Malaysia's efforts to achieve world-class university (WCU) status through national strategic planning. Based on the Resource-based View theory posited by Barney (1991), this paper focuses on the sustained competitive advantages of talent, governance, and resources. It explores the role of national strategic planning as a moderating variable. Data were collected via a digital survey of 126 senior managers from 28 public and private universities in Malaysia, with responses analyzed using structural equation modeling and descriptive statistics. The results show that talent and governance significantly enhance WCU's status, while resources have a limited impact. National strategic planning strengthens the influence of talent and governance but has minimal effect on resources. These findings underscore the need for policies prioritizing international talent recruitment, faculty retention, and autonomous governance while emphasizing strategic alignment between national and institutional goals to elevate higher education standards.
  Keywords: WCUs; world-class universities; NSP; national strategic planning; talent; governance ; resources; higher education policy; university governance; global university rankings.
  DOI: 10.1504/JGBA.2025.10075426
   
  
• Vehicle 2 vehicle message transmission under VRP using SUMO and NS3 in an industrial area: a Pakistani case study  
  by Jabar Mahmood, Michael Abebe Berwo, Zongtao Duan, Shehzad Ashraf Chaudhry 
  Abstract: Metropolitan cities worldwide are subject to heavy traffic, which causes inconvenience and road jams, which can also hinder business activities. Vehicular ad hoc networks (VANETs) can help avoid such inconveniences and jams by providing an automated communication architecture among vehicles roaming in the city and surrounding areas. This study examines the two-propagation loss model such as Friis and two ray propagation loss model for inter-vehicle communication for Sialkot, which is the biggest business hub of Pakistan. We selected OpenStreetMap to import the map of Sialkot's industrial area. Then, we used SUMO to convert the map into a map.xml file, and after that, the map.xml file was converted into mobility.tcl for NS3 further performs experiments. The overall research finds that propagation loss models (PLM) affect the performance of VANETs routing protocols (VRP) during message transmission. The evaluation suggests using the Friis propagation model to gain better performance and less physical overhead.
  Keywords: V2V; propagation loss model; SUMO; NS3.
  DOI: 10.1504/JGBA.2025.10075427
   
  
• A blueprint for crafting innovation in emerging economies  
  by Zareen Hussain Farooq, Osama Sam Al-Kwifi, Saheim Khalaf Al-Temimi, Yasir Yasin 
  Abstract: The major objective of this research is to understand the variables that act as catalysts for innovation in large manufacturing organisations in an emerging economy. The interpretive structural model (ISM) methodology is adopted to propose a hierarchical relationship model, and impact matrix cross-reference multiplication applied to a classification (MICMAC) analysis is used to understand the relative importance of the catalysts. The ISM shows that a group of catalysts at the base of the ISM (e.g., leadership support for innovation) have high driving power and low dependence, which is strategically important and requires maximum attention, while another group of variables at the top of the ISM (e.g., disruptive innovation and incremental innovation) have high dependence and are the resultant actions. This study provides explicit directions for managers to generate innovation and improve organisational performance and is expected to support future research on innovation.
  Keywords: disruptive innovation; incremental innovation; interpretive structural modelling; emerging economy; Qatar; manufacturing.
  DOI: 10.1504/JGBA.2025.10075428
   
  
• Does the efficacy of intensive semesters has greater impact on Abu Dhabi Universitys business model? A UAE case study  
  by Anand Dwivedi, Smitha Dev 
  Abstract: Numerous factors affect the academic achievement of students at university level. The present study has attempted to examine the role of Regular and Intensive semesters on students’ performance and on the business operations of Abu Dhabi University. Quantitative analytical strategies including Chi-Square and Two-Way ANOVA were adopted using SPSS. Secondary data was used for comparing the difference between students’ performance in Regular and Intensive semesters. Statistical information related to their grades in various courses were used in this study. The study did not find any statistically significant difference in students’ academic achievement between regular and intensive semesters. Walberg's theory of educational productivity serves as the foundation for this investigation. This study will make it easier for society, educators, and administrators to see how important it is to design the best possible learning environment for students and businesses.
  Keywords: academic performance; capacity utilisation; business operations; regular semester; intensive semester.
  DOI: 10.1504/JGBA.2025.10075694
   
  

Special Issue on: International Business and Finance in the Information and Digital Age

• Corporate social responsibility for potential resource acquisition An empirical evidence in Vietnam  
  by Hong Thu Nguyen, Van Chien Nguyen, Thu Thuy Nguyen 
  Abstract: Corporate social responsibility (CSR) has greatly contributed to the business performance in both developed and emerging economies. This study focused on CSR related to business organisation image, employees respect, satisfaction, especially remuneration policy, and evaluating their effects on potential resource acquisition in the businesses. To conduct this, a data sample of 524 respondents at 13 universities in six Vietnamese provinces has been selected. Results demonstrate that CSR related to business organisation image can positively affect potential resource acquisition. A higher level in CSR related to employees respect can positively promote a greater potential resource acquisition. In addition, CSR related to employees remuneration policy has greatly impacted on potential resource acquisition.
  Keywords: CSR; business; resource acquisition.