发布求助
文献互助 智能选刊 最新文献

Journal of Economic and Financial Studies最新文献

筛选
英文 中文
Chinese born global firms and international entrepreneurial mechanism 中国诞生的全球企业与国际创业机制
Journal of Economic and Financial Studies Pub Date : 2016-10-20 DOI: 10.18533/JEFS.V4I05.254
Junjie Zhang, R. Cheng, Weibin Wang
{"title":"Chinese born global firms and international entrepreneurial mechanism","authors":"Junjie Zhang, R. Cheng, Weibin Wang","doi":"10.18533/JEFS.V4I05.254","DOIUrl":"https://doi.org/10.18533/JEFS.V4I05.254","url":null,"abstract":"This paper explores Chinese-born global firms’ entrepreneurial mechanism and development mode from multi-theoretical perspectives using company case studies. The findings suggest that for Chinese born global firms, overseas market opportunity’s recognition and exploitation is the starting point and catalyst for their establishment and growth, while global resources integration is growing mode for their continuous development. Results suggest that overseas market knowledge and organization learning are the bases for Chinese born global firms to cultivate and maintain sustainable competitive advantages after they have entered international markets.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127460866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Budget deficits, money supply and price level in West Africa 西非的预算赤字、货币供应和物价水平
Journal of Economic and Financial Studies Pub Date : 2016-10-15 DOI: 10.18533/JEFS.V4I05.209
Y. Keho
{"title":"Budget deficits, money supply and price level in West Africa","authors":"Y. Keho","doi":"10.18533/JEFS.V4I05.209","DOIUrl":"https://doi.org/10.18533/JEFS.V4I05.209","url":null,"abstract":"Using West African Economic and Monetary Union (WAEMU) dataset for 1970 to 2013, and Pesaran et al. (2001) methodology, this study examines the effect of budget deficit and money supply on inflation. Evidence shows that there is a long run relation among the variables in all countries except Mali. Price and budget deficit are positively related in Niger and Togo, and negatively related in Benin and Senegal. Further, money supply and price are positively related in Burkina Faso, Cote d’Ivoire and Senegal. Results from the Granger causality tests indicate that deficits cause money growth in Cote d’Ivoire, Mali and Togo, and cause the price level in Senegal. There is no causality from money supply to inflation in the short-run. Results suggest that idea that budget deficits are not inflationary in WAEMU countries. Hence, the policy of reducing inflation should focus on other macroeconomic and structural determinants of inflation across WAEMU.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"2012 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128005755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 10
Insider ownership, power, and bank value 内部所有权、权力和银行价值
Journal of Economic and Financial Studies Pub Date : 2016-09-30 DOI: 10.18533/JEFS.V4I04.243
Jijun Niu
{"title":"Insider ownership, power, and bank value","authors":"Jijun Niu","doi":"10.18533/JEFS.V4I04.243","DOIUrl":"https://doi.org/10.18533/JEFS.V4I04.243","url":null,"abstract":"This paper examines the influence of insider ownership and power on bank value. We measure insider ownership as the fraction of the bank’s common stock owned by its directors and officers as a group, and insider power using the Milnor and Shapley (1978) power index for oceanic voting games. Using a sample of U.S. banks, we find that insider ownership is positively related to bank value, while insider power is negatively related to bank value. These results are consistent with the agency theory literature. To the extent that regulators want to increase bank value, they should encourage equity ownership by bank insiders and outside blockholders.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133263000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Has the risk index of Islamic banks and conventional banks in GCC countries changed in response to the 2008 economic crisis 海湾合作委员会国家伊斯兰银行和传统银行的风险指数是否因2008年经济危机而发生变化
Journal of Economic and Financial Studies Pub Date : 2016-08-29 DOI: 10.18533/JEFS.V4I04.244
Talla M. Aldeehani
{"title":"Has the risk index of Islamic banks and conventional banks in GCC countries changed in response to the 2008 economic crisis","authors":"Talla M. Aldeehani","doi":"10.18533/JEFS.V4I04.244","DOIUrl":"https://doi.org/10.18533/JEFS.V4I04.244","url":null,"abstract":"In this empirical study, we investigate the effect of the 2008 economic crisis on the level of risks Islamic banks (IB) and conventional banks (CB) are facing and the determinants of their risk indices. We cover 20 banks operating in the Gulf Cooperation Council (GCC) countries during 2001-2014. The results indicate that while the state of the economy had no effect on the risk index (RI) of banks, the type of bank did have an effect. The results suggest that the RI of IB was significantly lower than that of CB before and after the crisis indicating higher risks for IB. While the RI of CB is explained by solvency and liquidity variables, the RI of IB is explained by liquidity and profitability variables. Discussions, interpretations of research results and implications are provided.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132428941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Demand for money under low interest rates in Japan 日本低利率下的货币需求
Journal of Economic and Financial Studies Pub Date : 2016-08-26 DOI: 10.18533/JEFS.V4I04.247
Y. Kurihara
{"title":"Demand for money under low interest rates in Japan","authors":"Y. Kurihara","doi":"10.18533/JEFS.V4I04.247","DOIUrl":"https://doi.org/10.18533/JEFS.V4I04.247","url":null,"abstract":"In both theoretical and empirical fields of economics, demand for money has been received much attention in the past. In Japan, deflation has been prevailed more than 20 years, and there is some possibility that the Bank of Japan’s monetary easing policy, which expands money to markets by buying government bonds, has had a significant influence apart from traditional factors. Also, exchange rates for Japanese currency have fluctuated greatly recently because of the introduction of unprecedented monetary policy in the 2010s that may have affected macroeconomic variables and the money demand function in Japan. Using Japanese experience with deflation over last two decades, I provide strong evidence that recent demand for money is affected by real GDP, exchange rates, and economic volatility; however, interest rates and consumer prices have not impacted demand for money. The results also show that introduction of the drastic quantitative easing policy changed the demand function for money.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124068627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Religious holidays and analysts forecast optimism: Evidence from MENA countries 宗教节日和分析师乐观预测:来自中东和北非国家的证据
Journal of Economic and Financial Studies Pub Date : 2016-07-29 DOI: 10.18533/JEFS.V4I3.249
Harit Satt
{"title":"Religious holidays and analysts forecast optimism: Evidence from MENA countries","authors":"Harit Satt","doi":"10.18533/JEFS.V4I3.249","DOIUrl":"https://doi.org/10.18533/JEFS.V4I3.249","url":null,"abstract":"We investigate the effect of religious holidays on analyst recommendation on stock markets in MENA countries stock markets (Morocco, United Arab Emirates, Saudi Arabia, Jordan, Kuwait, Lebanon, Qatar, Algeria, Bahrain) for the period of 2004 to 2015. The result shows that on pre-holidays, analysts tend to issue pessimistic recommendations, and issue optimistic recommendations on post-holidays . Prior literature on day-of –the week effect is consonant with our results which document an increase in stock prices during the week, and a decrease in stock prices over the weekend. We argue that analysts can benefit from the upward trend in stock prices during Post-Holidays by issuing an optimistic recommendation. Analysts may as well benefit from the downward trend in stock prices by issuing pessimistic recommendations on pre-holidays. We also exhibit that our results are more consistent among less experienced analysts and in firms with greater information uncertainty.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"9 30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115749612","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
A new experimental model for profit maximization 利润最大化的新实验模型
Journal of Economic and Financial Studies Pub Date : 2016-07-24 DOI: 10.18533/JEFS.V4I03.235
M. Nikbakht, Mehrdad Sadr Ara
{"title":"A new experimental model for profit maximization","authors":"M. Nikbakht, Mehrdad Sadr Ara","doi":"10.18533/JEFS.V4I03.235","DOIUrl":"https://doi.org/10.18533/JEFS.V4I03.235","url":null,"abstract":"The main purpose of this study is to present a comprehensive model in experimental researches, to estimate bias and subjective judgment emphasizing the prominent role of Newsvendor model in inventory and control management that can be generalized for other financial and management areas to modify classic models. In the new approach the real information is the base of measurement and according to it, the new approach considering subjective bias, is complied, then will be comparable to other types of models. The paper also explains the process of work thoroughly.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114271658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Older adults and fraud: Suggestions for policy and practice 老年人与欺诈:政策和实践建议
Journal of Economic and Financial Studies Pub Date : 2016-07-16 DOI: 10.18533/JEFS.V4I3.229
Olivia DaDalt
{"title":"Older adults and fraud: Suggestions for policy and practice","authors":"Olivia DaDalt","doi":"10.18533/JEFS.V4I3.229","DOIUrl":"https://doi.org/10.18533/JEFS.V4I3.229","url":null,"abstract":"In this study I examine the issue of the vulnerability of older adults especially with regard to be a potential victim of economic fraud. A general review of current facts and figures suggest that financial fraud against older adults is rising across U.S.A totaling $36 billion. Unfortunately, most of the older adults are the baby boomers’ generation, who grow up in a relative peace and prosperity condition while facing much difficult financial realities in their old life. Result also suggest the intensity of facing financial frauds by older adults are correlated with their low level of financial literacy. Given the wider context of this phenomenon, I propose some policy measures to safeguard the financial interest of the older adults.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125772298","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Threshold effects of fiscal policy on economic growth in developing countries 发展中国家财政政策对经济增长的门槛效应
Journal of Economic and Financial Studies Pub Date : 2016-07-14 DOI: 10.18533/JEFS.V4I3.225
S. Salma, E. Idriss, Tounsi Said
{"title":"Threshold effects of fiscal policy on economic growth in developing countries","authors":"S. Salma, E. Idriss, Tounsi Said","doi":"10.18533/JEFS.V4I3.225","DOIUrl":"https://doi.org/10.18533/JEFS.V4I3.225","url":null,"abstract":"We examine the relation between fiscal policy and economic growth for a panel of 40 developing countries over the period of 1990 to 2012 using eight macroeconomic variables: real GDP, budget deficit, current government spending, national saving, inflation rate, total investment, public debt, and current account balance. The study documents a double threshold effect of the fiscal balance. The first one is at a level of the deficit around 4.8% of GDP; the second one is at the fiscal surplus level of 3.2% of GDP meaning that economic growth would be negatively affected when exceeding these two different levels. The result also show that the sign of the relation between budget deficit and economic growth is conditioned by the level of total investment i.e. only for total investment higher than 23%, there exists a positive relation. However, it becomes negative, when investment falls below this threshold.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"250 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122383535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Fiscal policy, employment, and output in South Africa: An open economy analysis 南非的财政政策、就业和产出:一个开放经济分析
Journal of Economic and Financial Studies Pub Date : 2016-07-11 DOI: 10.18533/JEFS.V4I3.238
Mthokozisi Mlilo, Umakrishnan Kollamparambi
{"title":"Fiscal policy, employment, and output in South Africa: An open economy analysis","authors":"Mthokozisi Mlilo, Umakrishnan Kollamparambi","doi":"10.18533/JEFS.V4I3.238","DOIUrl":"https://doi.org/10.18533/JEFS.V4I3.238","url":null,"abstract":"We provide strong evidence of a positive shock to government spending on increase in employment (public and private), an appreciation of the real effective exchange rate and deterioration in the trade balance; but it has no effect on output for South Africa during the period 1994:1-2008:4. We also document that positive shocks to net taxes generate an increase in output, private employment and have no effect on public employment; it also leads to a depreciation of the real effective exchange rate and an improvement in the trade balance. An important finding in this study is that the transmission channel between government expenditures and output is not as direct as suggested in the Keynesian doctrine, but is indirectly shown by public employment’s effects on output. We conclude that classical effects are predominant in the South African economy, i.e., only improvements in the supply-side components can be linked to increases in output.","PeriodicalId":130241,"journal":{"name":"Journal of Economic and Financial Studies","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115579780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信