J. for Global Business Advancement (35 papers in press)
Integration of competency model into human resource systems: its impact on organisation performance and human resource function
by Asim Talukdar
In search of success factor for a sustainable macro entrepreneurship and enterprise education policy: evidence from the European Union
by Syeda-Masooda Mukhtar, Jim Redman
International joint venture marketing performance in China: a resource-based approach
by Craig C. Julian, Junqian Xu
Total quality management and its effect on SMEs performance
by Muslim Amin
Analysing the relationship between advertising and sales promotion with brand equity
by Haim Hilman Abdullah, Jalal Hanaysha
Financial Cost Benefit Analysis of high school education in Hewl
by Tara Ahmed H. Chawsheen
A review of Saudisation and the Niataqat programme to indiginise the labour market in Saudi Arabia
by Muhammad Asad Sadi
Jordanian banks perception of customer relationship management: a TAM-based investigation
by Ghazi Alkhatib, Muneer Abbad, Faten Jaber
Abstract: The main objective of this research is to investigate Jordanian banks' perception and acceptance of Customer Relationship Management (CRM) based on a technology acceptance model (TAM). The investigation was conducted in two steps. First, five external variables were added to the TAM framework, namely subjective norms, computer experience, training, self-efficacy, and top management support. In the second step, the developed model was validated using the following statistical techniques: Kaiser-Meyer-Olkin Measure of Sampling Adequacy, Bartlett's Test of Sphericity, Rotated Component Matrix, and regression and correlation analysis. Furthermore, respondents demographics were correlated to the variables using chi-square testing to explore any possible relationships among them. The analysis demonstrated that all factors are related except subjective norm, which was found to be not aligned with the other external factors. Evidence from the questionnaires revealed that Jordanian banks do not use a CRM system. This led to the development of several recommendations to encourage banks to adopt a CRM system. Further research will involve modifying the model according the findings for this study and explore extension of the current research on TAM and advanced statistical techniques such as SEM.
Keywords: customer relationship management; technology acceptance model; Jordanian banks.
Audit procedures, auditors experience and responsibility for fraud detection: a Javanese culture perspective
by Anis Chariri, Ratna Siti Nuraisya
Abstract: This study examines the relationship of audit procedures and auditors experience and auditors responsibility for fraud detection, and specifically to examine whether Javanese culture plays moderating roles in the relationship. We conduct empirical tests using data from auditors─working at eight public accounting firms located in Semarang, Indonesia─who responded to our survey. Results indicate that audit procedures positively influence auditors responsibility for fraud detection. Auditors experience also positively affects auditors responsibility for fraud detection. More importantly, this study showed that Javanese culture negatively moderates the influence of audit procedures and auditors experience on their responsibilities for fraud detection. This study contributes to accounting/auditing literature on the importance of considering culture, especially local culture when we study any issues related to auditing and frauds.
Keywords: audit procedure; auditor experience; auditor responsibility; fraud detection; Javanese culture.
The persistence of tax avoidance and its effect on the persistence of earnings
by Achmad Hizazi, Sylvia Veronica Siregar, Dwi Martani, Vera Diyanti
Abstract: This paper suggests a new measure for gauging one aspect of tax avoidance, using a time series perspective. The paper investigates the effect of the new measure of tax avoidance on earning persistence, the latter functioning as a measure of earning quality, using the same time perspective. The paper argues that tax avoidance has a persistent attribute, and that this attribute has a negative slope. We also predict that tax avoidance is negatively related to earning persistence. We derive an empirical measure for the persistence of tax avoidance by using the present value revision of coefficients from firm-specific auto-regressions of effective tax rates. We subsequently illustrate that tax avoidance is persistent, and that this persistence has a negative trend. Finally, we show that our measure of persistence of tax avoidance is negatively related to earning persistence.
Keywords: tax avoidance; persistence of tax avoidance; earning persistence; Southeast Asia.
The Toda-Yamamoto causality test for government expenditure and economic growth: a case study in Indonesia
by Sigit Harjanto, Setyo Tri Wahyudi
Abstract: This research aims to find out the causality between economic growth and government expenditure. Using Toda-Yamamoto causality test, we found unidirectional causality between economic growth and government expenditure, in which government expenditure affects economic growth, which is in accordance with Wagners law. In terms of expenditure by function, we found a relationship that supports the Keynesian approach between economic growth and government expenditure by economic function. However, there is no causality between the other functions of government expenditure and economic growth.
Keywords: economic growth; government expenditure; Toda-Yamamoto causality test.
National culture and CSR reporting: a cross-country analysis
by Khalil Nimer, Ahmed Yamen, Ahmed Bani-Mustafa, Sameer Al Barghouthi
Abstract: This study examines the effect of national culture on Corporate Social Responsibility (CSR) reporting at the country level. In this paper, we aim at enhancing our understanding of what influences the level of CSR disclosure in different countries by focusing on the impact of national culture variables in general and by using the degree of countrys financial freedom and the level of IFRS adoption as control variables. Based on published data for 30 countries and by employing the GLOBE study model that considers nine cultural dimensions, the results indicate that human orientation, assertiveness and performance orientation have significant impact on the level of CSR disclosure. In addition, a countrys financial freedom reveals significant effect as a control variable, whereas the level of IFRS adoption did not affect the level of CSR disclosure. This study provides insight into the CSR literature by documenting that cultural variables would influence the degree of disclosure in general and CSR disclosure in particular and by adding two new variables to the model, namely the financial freedom and the level of IFRS adoption.
Keywords: corporate social responsibility; national culture; reporting; country-based analysis.
Antecedents and Consequences of Customer Loyalty in Qatar
by Shahid Bhuian, Maha Al Balushi, Irfan Butt
Abstract: Drawing insights from the customer value-based theory, this study hypothesises and examines the relationships in the antecedents-customer loyalty-consequences process in a unique context, Qatar. Five divergent and salient antecedents and two important outcomes are incorporated in a single comprehensive study. The antecedents are innovation (a novel one), service quality, trust, satisfaction and switching cost, while the consequences are word-of-mouth communication and repeat purchase. An analysis of a sample of mobile internet subscribers reveals that the five antecedents impact customer loyalty, which, in turn, influences the two outcomes. The study extends customer loyalty theory to a region marked by unique Islamic values and beliefs. Also, the study suggests that in addition to paying attention to a number of traditional drivers of customer loyalty simultaneously, marketers seeking to build and sustain customer loyalty in the Gulf region should also focus on innovation. Implications are discussed.
Keywords: customer loyalty; innovation; service quality; trust; word-of-mouth communication; Qatar; Gulf Cooperation Council region.
Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective
by Irene Wei Kiong Ting, Noor Azlinna Azizan, Premjit Singh, Qian Long Kweh
Abstract: The purpose of this study is to examine the determinants of undervalued stocks performances from the perspective of firm characteristics compared with non-undervalued stocks for the period of 20062015 (10 years). Results indicate that firm size has a significant effect only on the performance of undervalued stocks. Tangibility is insignificant for both undervalued and non-undervalued stocks. In addition, leverage and firm age have significant negative effects on the performance of both undervalued and non-undervalued stocks, whereas risk has a negative significant impact only on the performance of undervalued stocks. This analysis shows that operating cash flow has a positive significant impact on the performance of both undervalued and non-undervalued stocks. With its findings, this paper aims to further enlighten investors about undervalued stocks and identify firm characteristics that can boost the performance of such stocks. Future studies should use other firm characteristics to measure performance or compare undervalued stocks with other types of stock.
Keywords: stock performance; firm characteristics; undervalued stocks; non-undervalued stocks; Malaysia.
The traits of success according to those who made it: a survey of successful entrepreneurs in Northeastern Thailand.
by Amornwan Rangkoon, Winai Wongsurawat, Barbara Igel
Abstract: One of the most common questions business students have is what characteristics successful business people should possess. This study interviewed 200 successful entrepreneurs in Northeastern Thailand, between 2010-11 to find their common vital characteristics. Atlas.ti software, a frequency-weighted average scores (FWA), Pareto method, and a Venn diagram were used to determine important characteristics based on five categories. Results reveal three characteristics with high FWA scores at the intersection, namely joy of developing, integrity, and striving. These three characteristics are a common vital personality of all business characteristics (male or female, age, education, length of time in business and type of business). A triangulation approach was employed with a further two groups (75 each) between 2012-13 and 2014-15, respectively, to validate the findings. The findings demonstrated the same three characteristics as outstanding personality traits of successful entrepreneurs in the region.
Keywords: characteristics of entrepreneurs; successful entrepreneurs; in-depth interview; integrity; joy of developing; striving; Thailand.
Understanding consumerism within Western and Muslim-based societies: Twitter Usage of Saudi and American consumers
by Othman Althawadi, John Fraedrich, Allam Abu Farha
Abstract: Consumerism was defined and studied as protection and active participation in negative business issues that directly affect the consumer. The consumerism model is based on the theory of planned behaviour (TPB) using social media (Twitter) to determine any significant differences between two divergent cultures and economies: Saudi Arabia and the USA. Our results suggest a partial fit to the model. The equivalent significant findings for both samples are as follows: (1) Consumers with negative perceptions of government regulatory practices have a more positive attitude towards consumerism; (2) There is a positive relationship between attitude, intention, and behaviour and consumerism; (3) Both countries have a positive subjective norm, intention, and behavior for consumerism; (4) There is a positive relationship between perceived behavioral control and consumerist behaviour.
Our findings found that Saudi consumers have a higher level of intent to engage in consumerism behaviour via Twitter than American consumers. Finally, Saudi consumers have a negative perception of government regulatory practices that can be attributed to its restricted civil society relative to the USA.
Keywords: consumerism; consumer movement; Saudi Arabia; consumerism behaviors; Twitter; consumer protection.
The impact of organisational culture on performance
by Maya Shayya
Abstract: Organisational culture is shaping the performance of the Lebanese bureaucracy. Performance is shaped by the culture of the organisations work unit. A questionnaire was applied to the undergraduate educational public sector to examine unit differences in performance. The results of this study show that organisational culture does play a role in shaping performance levels at the diverse units of the public sectors education, but that its role is muted. These findings suggest that other factors, including broader societal culture, are also at work. In addition to its practical dimension, the study also tests a major US theory of organisational motivation in the Lebanese context. Cross-cultural differences do influence performance, and results suggest that modifications be made to the Western theories, before they are transferred to the Middle East.
Keywords: waste; performance; organisational culture; public sector; professionalism; innovation; job satisfaction; public concern.
Corporate governance, a solution to the problem of family business sustainability
by Ahmad Jannoun
Abstract: This study analyses the effect of family businesses practices of corporate governance on their respective survival and sustainability. The study groups the major components and constructs impacting the family business lifecycle, and the role of the key elements of corporate governance in this respect, namely accountability, leadership, system, and transparency, on the family business 'sustainability DNA'.
Keywords: leadership; accountability; transparency; system sustainability; DBA; family business.
Strategic management: the case of Saudi non-profits
by Mohammed Aboramadan
Abstract: The aim of this research is to examine strategic management in Saudi non-profits. This research investigates the level of application of strategic management in Saudi non-profits, the challenges they face while they implement strategy, and whether a link between strategic management and non-profits' performance exists. Online questionnaires were used to collect data from 296 managers of Saudi non-profits. The study found that the application of strategy implementation and evaluation tools in Saudi non-profits is limited. Satisfying donors requirements is the main driver for non-profits to engage in a strategic management process. Lack of time and financial resources are the main strategy implementation challenges in Saudi non-profits. The study also found positive correlations between strategic management and nonprofits performance. None of the strategic management practices was significant in predicting financial transparency and partnership. Saudi non-profits need to invest in strategic management and pay attention to their strategy implementation and evaluation tools.
Keywords: fundraising; Saudi non-profits; strategic management; performance; projects.
Sustaining corporate performance through the happy worker influence
by Stefane Kabene, Said Baadel
Abstract: Happy workers tend to be more productive, so it would be beneficial for managers to understand what factors tend to predict happiness to assess where the most potentially productive worker pools are located around the world. The current study aims to examine the relationship between multiple factors and happiness. Twelve countries have been selected and data relating to nine different factors of each country have been used to determine the sum impact. All variable factors have been statistically correlated to happiness to predict the factor(s) that could be linked strongly with happiness. An intensive statistical analysis has been used to evaluate the significance of these relations. This study suggests that most of the variables that have been used in the study are significantly correlated with happiness. While some factors may be distant from being a standard for evaluating happiness, other factors showed a strong relationship with happiness. Our paper shows that the Hofstede, cultural, and diversity variables are not effective in determining a countrys happiness index, while the happiness without carbon footprint factor is a more accurate measure of personal happiness.
Keywords: corporate performance; cultural differences; life expectancy; happiness index; happiness index without carbon footprint; peace index.
The implication of consumer knowledge of technology and consumer behaviour with technology-based products: empirical evidence from US and Indian consumers
by Angelica Bahl, Gregory Black, Bhausaheb R. Londhe
Abstract: This study introduces constructs, such as a technological novelty and technological benefits of a product, with technology-based products and then analyses variables (choice confusion, impulse buying, price consciousness, risk attraction, status consumption, and time pressure) to examine how consumer knowledge of technology affects their behaviour. The findings were derived from American and Indian samples. While a product's novelty and the importance of underlying technology of a product are the most important factors for technologically knowledgeable consumers, the importance of technological benefits and willingness to wait for a new version of the technology do not directly impact consumers in either sample. This study shows that risk attraction and status consumption are significant characteristics for Indian consumers. We explore the technological sector within the American and the Indian contexts keeping in mind that insights could be useful in the future as they could be used by both technology-based consumers and firms.
Keywords: consumer knowledge of technology; technology-based product; consumer behaviour.
Political connections, opaque financial reports and stock price synchronicity
by Lukas Purwoto, Eduardus Tandelilin, Mamduh Hanafi
Abstract: From the perspective of corporate governance, stock price synchronicity can be understood as a lack of disclosure. This study investigates the effect of political connections, government majority ownership, and the opacity of financial statements on the stock price synchronicity of public companies in Indonesia. Our analysis shows that political connections and government ownership increase stock price synchronicity. Synchronicity is also positively affected by the opacity of financial statements. Furthermore, when the opacity of financial statements increases, the influence of political connections and government ownership on stock price synchronicity tends to increase. These results imply that political ties impede disclosure of firm-specific information, and poor quality of financial statement exacerbates this impediment.
Keywords: stock price synchronicity; firm-specific information; political connections; government ownership; the opacity of financial statements.
A model for the competitiveness development of manufacturing firms in entrepreneurial exports
by Jaleh Farzaneh, Vahid Nasehifar
Abstract: The present study is one of the few carried out to test a model for developing the competitiveness of small and medium-sized enterprises (SMEs) from the dynamic capabilities perspective and considering international entrepreneurship, especially in the food industry. The existing research using the dynamic capabilities perspective has focused more on multinational corporations and has been undertaken in developed countries. Therefore, the context of our study, SMEs in Iran, is new. In addition, in this study we quantitatively assess the competitiveness development model of manufacturing firms in entrepreneurial exports achieved via qualitative research based on grounded theory. The statistical population was composed of SMEs in food industries. The sampling was conducted using a judgmental purposive approach. Responses to the questionnaires sent out provided a statistical sample of 210 subjects, of which 193 questionnaires were diagnosed as qualified for analysis. Following initial analysis, a structural equations model was implemented using the software Smart PLS. The results indicate that five out of seven aspects of identifying and seizing opportunity capability are effective on configuration capability, while the macro environment adversely affects it. Nevertheless, the micro environment plays a moderating role between the two variables. Moreover, configuration capability is effective on entrepreneurial exports, while governments can build the required infrastructure for entrepreneurial export development based on four aspects. Finally, entrepreneurial exports were proven to impact firms competitiveness. The paper suggests how SMEs can develop their competitiveness with dynamic capabilities and which capabilities can help them in this regard
Keywords: competitiveness; international entrepreneurship; entrepreneurial exports; non-oil exports; food industries.
What are the outcomes of emerging markets' mergers and acquisitions? Evidence from Turkey
by Omer Faruk Genc, Burak Kalkan
Abstract: Emerging markets have become home to an increasing amount of acquisition activity in terms of both domestic and international acquisitions. However, we do not know much about how these two groups of acquisitions differ in terms of their outcomes. The objective of this study is to compare international and domestic acquisitions in the context of an emerging country. To do so, we analysed all acquisitions that occurred in Turkey between 1989 and 2017. We found that domestic acquirers significantly outperformed foreign acquirers of Turkish companies. Our analysis of financial indicators suggests that foreign acquirers are larger in size, have greater leverage and intangibles, and engage in bigger deals. However, growth in leverage, capital expenditures, and administrative and staff expenses is greater in domestic acquirers. Overall, our findings suggest that domestic acquirers are affected more significantly by acquisitions compared with foreign acquirers and, based on the financial outcomes of acquisitions, there are several differences between these two groups of acquirers.
Keywords: acquisitions; mergers; domestic acquirers; foreign acquirers; Turkey.
Twitter analysis of founders of the top 25 Indian startups
by Mohit Sindhani, Nakul Parameswar, Sanjay Dhir
Abstract: With the recent growth in social media dominance over the internet, many people have turned to this media to share their personal views, express their opinions and interact socially. This paper examines the social media content of Indian Chief Executive Officers who are the founders or cofounders of the top 25 Indian startups. The active involvement of the Chief Executive Officer in social media influences the business effectiveness, performance and market legitimacy of the business. Social media has now become a crucial strategic tool from creating a buzz among businesses to engaging the public in a new direction of thoughts. This paper has taken into consideration about 165,987 tweets from the top startups and their cofounders. The tools used for the extraction and analysis of tweets are Anaconda Navigator and TIBCO Spotfire. The tweets seem to cover various aspects of emotions ranging from business sector to personal feelings, political views and societal concerns.
Keywords: Twitter analysis; startup; Indian startup; Chief Executive Officers; social media; social media analytics; founders.
External barriers facing internationalising sharing economy companies: a study of European and American 'sharecoms'
by Heidi Coral Thornton, Ava J. Campbell, Richard Afriyie Owusu
Abstract: This paper examines the external barriers that sharing economy companies face when internationalising and how the challenges affect their internationalisation process. A critical realism research approach is used to position the research in the literature and develop a conceptual framework to guide a qualitative study, which establishes a strong connection between this study and extant research. Data is collected through interviews with Founders/CEOs/Heads of Marketing of entrepreneurial sharecoms and triangulated with secondary data. The most prevalent external barriers found were government and legal, geographical distance, and networks. Culture was the most prominent aspect of the psychic distance barrier. These factors seemed to impact differently based on the industry of the sharecom. Networks was an important resource in surmounting the barriers. The results propose a framework of external barriers facing internationalising sharing economy companies and how the barriers interact with each other.
Keywords: accessed-based consumption; collaborative consumption; internationalisation barriers; international new ventures; sharing economy companies; peer economy.
Reproduction of social class hierarchy and cultural capital effects: what does it mean for children from weaker sections?
by Ashu Kapur
Abstract: In the last two decades, the Indian educational sphere has undergone enormous changes. With the advent of a neo-liberalised urban order across the globe, the Indian educational system has witnessed profound structural and processual transformations. Drawing on India as a social unit of a case study, this article reflects upon the cleavages underlying the Indian education system marked by stratification and hierarchisation. Existing research on the relationship between education and social stratification has underscored a host of organisational, institutional, and psychosocial mechanisms concerned by market logic. It is through these mechanisms that contemporary pedagogy perpetuates the inequitable distribution of educational credentials as well as economic and social rewards that accompany them. The aim of the paper is to discuss the different ways in which cultural capital, which treats 'culture as a resource' to be capitalised for attaining advantageous positions within the formal institutional setting such as schools, matters. Cultural capital theory posits that, when children from low social class backgrounds navigate their way through schooling, it gives birth to a cultural continuity/discontinuity hypothesis. Cultural capital theory in educational institutions enjoys great currency as it displays 'the rules of the game' as to how institutions function within the nexus of power and knowledge. The dominant interpretation of cultural capital theory coalesces with the central premise that schools invariably promote the cultural capital of the dominant class allied with highbrow culture, and in this process, it seemingly fulfills the capitalist agenda in commodifying education. The present paper is based on a case study in an urban social set-up of Delhi, the capital of India, using an ethnographic methodological approach to collect data by undertaking prolonged and persistent observations of school and classroom; conducting semi-structured interviews with the principal, parents, and teachers, and gathering narratives from children. Sociological explanations are given of the social class-cultural processes and practices prevalent inside the private school setting, which can be considered typical of other suitable alternatives. How education has become an island of exclusion with privileges for only a small minority and deprivation for those belonging to economically weaker sections, lends a unique understanding on the power of dominant order. Findings reveal the divergent discourses that are evident in private schools, which tend to maintain their highbrow social class cultural character by adopting different mechanisms. The impacts such market-inclined culture have on the lives of disadvantaged children reinforces the schools hidden agenda of schooling as that of reproducing social class hierarchy by way of naturalising cultural capital effects. The purpose of this paper is to refine the cultural continuity/discontinuity hypothesis by examining the different ways in which private schools meet or do not meet the universal vision of equality and social justice.
Keywords: cultural capital; social class; school culture; privatisation; equality and inclusion.
The impact of product diversification and capital structure on firm performance: evidence from Vietnamese manufacturing enterprises
by Ho Phi Dinh, Phuong Van Nguyen, Jamshid C. Hosseini
Abstract: This study examines the influence of product diversification (PD) and capital structure on firm performance in a transitional economy. Ownership structure has been considered as one of the critical factors impacting the efficiency of diversification strategies. However, few studies have investigated the effect of export orientation and ownership structure on PD strategies within the manufacturing sector in emerging markets such as Vietnam. Using a dataset on Vietnamese manufacturing enterprises from 2007 to 2015 generated by Vietnam General Statistics Office, the paper investigates the impact of PD on company performance within various capital structure types, such as state-owned enterprises, private companies, corporations, and foreign direct investment enterprises. We conclude that private companies and corporations are more likely to engage in and reap benefits from PD strategies while other types of enterprise appear to be less likely to engage in PD and, therefore, lag in attaining higher levels of advantage.
Keywords: product diversification; ownership structure; Vietnamese manufacturing firms; emerging economies; state-owned enterprises.
Individual differences and turnover intentions: perspectives from the Indian IT industry
by Shivinder Nijjer, Sahil Raj, Dana-Nicoleta Lascu, Viput Ongsakul
Abstract: The world's largest IT outsourcing destination, India, accounting for 67% of the $130 billion market, is currently experiencing high employee turnover, between 13% and 15% yearly (PTI, 2018; Dasgupta, 2017). In response to the need for predictive models that provide insights on who is going to leave the firm (Elkjaer and Filmer, 2015), the present study examines turnover not from an organisational perspective, but, rather, by identifying individual differences that predict turnover, assessing variations in job attitudes which lead to turnover. The study is based on the Theory of Planned Behaviour (TPB) (Ajzen, 1991) and Theory of Individual Differences (TID) leading to job attitudes (Cooper, 2010; Judge and Kammeyer-Mueller, 2012). TPB suggests that attitudes towards behaviour (turnover), combined with the perceived self-efficacy to conduct the behaviour, will convert into behavioural intention; and, when the individual perceives volitional control, the intention will convert into actual performance of the behaviour (Ajzen, 1991). In this study, we use turnover intention to predict turnover in the Indian IT industry (Tett and Meyer, 1993; Steel and Ovalle, 1984; Jaros, 1997). Following from TPB and the Judge et al. (2012) study, we posit that job attitude (job satisfaction and perceived person-organisation fit, in this study) leads to turnover intention. The individual differences we use are self-esteem, personality and resilience, which impact attitude, which, in turn, influences intention and may result in turnover behaviour (Motowildo et al.,1997; Judge and Bono, 2001).
Keywords: theory of planned behaviour; individual differences; IT industry; turnover; self-esteem; personality; resilience; job satisfaction; person-organisation fit.
Adoption of One Belt One Road Initiative by Oman: lessons from the East
by Hamdan Al-Fazari, Jimmy Teng
Abstract: Chinas One Belt One Road (OBOR) initiative is one of the major events in economic development and geopolitics in the Afro-Eurasian landmass. Chinas ambition to revive the old Afro-Eurasian trading system with the road and maritime projects has touched almost every country in the region. The economic rise of China, Asia and Africa creates a strong demand for infrastructure to link these diverse lands together for trade and other economic exchanges. The massive industrial capacity of China in infrastructure building is looking for new markets as the Chinese economy matures and slows down. The Middle East, and especially Oman, is strategically located at the centre of the Afro-Eurasian landmass. Hence, it is in the national interests of both Oman and China to collaborate for mutual gains. This paper uses the experience of Kazakhstan, the East Asian NIEs and the Southeast Asian countries in economic development to provide suggestions for Oman on the OBOR project. From the experience of Kazakhstan, the paper recommends that Oman actively participates in the OBOR project and takes the initiative to draw Chinas massive resources and knowhow in to help Oman in economic development and diversification-led growth. From the examples of South Korea, Taiwan, Hong Kong and Singapore, the paper suggests that Oman makes use of her participation in the OBOR initiative to further encourage economic exchanges, transfer of technology and knowhow and flows of foreign investments to upgrade the Omani economy. From the ASEAN model, the paper advises that Oman makes good use of its strategic location and membership in the GCC in her dealings and bargaining with China to get the best deals. Last but not least, the paper cautions against overambitious projects and debt traps.
Keywords: BRI; OBOR; China; Oman; Silk Road; Middle East.
Policy synthesis for sustainable trade: a panel data gravity model approach of India with European Union and ASEAN countries
by Shikha Singh
Abstract: More than 26 years of economic and trade reforms have helped the Indian economy to increase trade volumes. This paper reviews Indias free trade agreements (FTAs) with the Association of Southeast Asian Nations (ASEAN) countries and its proposed FTA with the European Union (EU). Annual data for Indias exports, imports, and trade volume with EU and ASEAN countries is employed to study the gravity model. Variables studied include distance, population, FTA (dummy variable), and gross domestic product of EU and ASEAN countries for a period of 19 years from 1996 to 2014. The panel ordinary least squares regression method is applied to analyse the relationship between different variables. With the available dataset, experiments signify the gravity model for India with EU and ASEAN countries. Different factors are found with respect to both the blocs, and the results are as per the synthesis in this theory.
Keywords: international trade; free trade area; Association of Southeast Asian Nations; European Union; India; gravity model.
Special Issue on: BUSINESS CHALLENGES IN EMERGING MARKETS
Issues in the rehabilitation of failed residential projects in Malaysia: clash between the interests of purchasers and secured creditor chargee
by Nuarrual Hilal Md. Dahlan
The implementation of knowledge management techniques to enhance operations in the Jordanian healthcare sector
by Suzan Al-Najjar, Ibrahim Tabsh, Ahmad Shariah
Special Issue on: Special issue
The similarities in job satisfaction across cultures
by Bassem Maamari
Special Issue on: Xxx
A causal relationship between exports, foreign direct investment and income for Malaysia
by P.R. Bhatt