International Journal of Applied Economics, Finance and Accounting最新文献

{"title":"Factors influence residents’ investment decision for tourism industry development","authors":"Merith Ifeoma Anaba, Goh Hong Ching, M. M. Masud","doi":"10.33094/ijaefa.v16i1.890","DOIUrl":"https://doi.org/10.33094/ijaefa.v16i1.890","url":null,"abstract":"The growth of the tourism sector depends on tourism investment in small and medium-sized businesses throughout various regions. This paper investigates the impacts of capital, expectations of benefits, knowledge, and information on residents' investment decisions in the tourism industry. Investment in tourism is a key driver of economic expansion and development. So, it is necessary to look into locals' predisposition to invest in the tourism industry. A suitable process for selecting study participants was used, and the questionnaire method was used to collect data. Partial least square structural equation modelling was then used to evaluate the data (PLS-SEM). The findings of this study indicate that citizens' investment decisions are influenced by capital, knowledge, information, and benefit expectations. The results of this study will provide policymakers and the management of Malaysian tourist industry with new information that they can use to create successful regulations that encourage locals to make investment decisions that will advance the tourism industry.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124984842","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}

{"title":"The impact of exchange rate changes on the trade balance: Evidence from Saudi Arabia vs her major trading partners","authors":"Mohamed Ali Houfi","doi":"10.33094/ijaefa.v16i1.888","DOIUrl":"https://doi.org/10.33094/ijaefa.v16i1.888","url":null,"abstract":"This study aims to analyse the short- and long-term effects of real exchange rate changes on the bilateral trade balance between Saudi Arabia and its major trading partners. The study used the aggregated and disaggregated panel data for the analysis. The autoregressive distributed lag (ARDL) model in error correction is used to analyse the short and long-term relationship between exchange rate and trade balance. It was discovered that the real exchange rate (RER) had no appreciable impact on the trade balance over the long run using the panel data linear ARDL model. The first leg of RER is determined to have a very negative short-term impact on the trade balance. However, the non-linear ARDL model, which took into account non-linear trade balance adjustments in reaction to exchange rate fluctuations, demonstrated a significant and adverse long-term link between the two variables. It shows that depreciation leads to the deterioration of the trade balance. Finally, the study extends the analysis to disaggregated data country-wise. The results of the linear ARDL model revealed that 3 out of 13 cases have significantly short-term relationships. Still, it is observed that no specific short-term patterns are in line with the J-curve hypothesis. The investigation discovered evidence for the J-Curve and the new definition of the J-curve using the non-linear ARDL model in three of the 13 cases. The study concluded that Saudi Arabia must not rely on devaluation as a policy instrument to improve its trade balance. It should maintain its fixed exchange rate for extended periods.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122212182","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}

{"title":"Tourism sustainable competitiveness indicator for ASEAN bloc: A random forest approach","authors":"Ann-Ni Soh, Chin-Hong Puah, M. Arip","doi":"10.33094/ijaefa.v16i1.882","DOIUrl":"https://doi.org/10.33094/ijaefa.v16i1.882","url":null,"abstract":"This study aims to reveal the tourism performance among ASEAN countries by creating a tourism sustainable competitiveness indicator (TSCI). This study introduces an ensemble random forest approach in developing an integrative framework that incorporates tourism, sustainability and competitiveness. It demonstrates the management of multi-faceted tourism development with the constructed indicator. Six main enablers have been identified for TSCI indicator, including policy and regulatory environment, environmental sustainability, socio-cultural sustainability, economic sustainability, infrastructure, and intellectual capital and innovation. As a benchmarking tool for policymakers, organisations, and tourism-related authorities in the implementation of policies and business or marketing strategic planning, the sustainable competitiveness indicator for tourism identified the factors that affect the sustainability and competitiveness of tourism. This indicator enhances the tourism value chains in the Association of Southeast Asian Nations (ASEAN) bloc, as well as it offers significant assistance to the ASEAN Tourism Strategic Plan of 2025. Especially in the context of regionalization, which proceeds along the same trajectory as tourism, it is becoming increasingly significant in building areas of cooperation in the connected Southeast Asian region. Thus, measuring the performance level of the tourism economy is a critical agenda that is worthy of receiving concern as a means of accomplishing sustainable development goals (SDGs).","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129677198","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}

{"title":"The moderating role of audit quality between earning management and sustainable investment opportunities: Evidences from gulf cooperation council countries","authors":"Ahnaf Ali Alsmady","doi":"10.33094/ijaefa.v16i1.874","DOIUrl":"https://doi.org/10.33094/ijaefa.v16i1.874","url":null,"abstract":"This study examines the relationship between the earning management and audit quality on sustainable investment opportunities in the Gulf Cooperation Council (GCC) countries, including, Bahrain, Oman, Qatar, Saudi Arabia, Kuwait and United Arab Emirates. Further, moderating relationship of audit quality between earnings management and sustainable investment is also investigated in the present study. This study includes the data of 1337 companies and their-year observations from the period of 2011 to 2017. This study used the Panel Data Ordinary Least Squares with correlated random effect to examine the direct relationship and the moderated multiple regression to examine the moderating effects of audit quality on the earnings management and sustainable investment opportunities relationship. The results demonstrate that the earnings’ management encompasses a significant negative relationship with sustainable investment opportunities but on the other side, it also displays a positive relationship between audit quality and sustainable investment opportunities. Furthermore, the study investigates the moderating effect of audit quality on the relationship of earning management and sustainable in-vestment opportunities. Empirical evidence suggests that the audit quality plays a vital role in mitigating the agency theory problem and reducing the information asymmetry. These findings suggest that the big audit firms act as a good governance representatives for the management and it further enhances the credibility of accounting information for the new investors. This research has several usages for policymakers and investors in the GCC. The investors should assess their choice when they are investing in firms. The big auditing firms mitigates earnings management, which may raise sustainable investment opportunities. Thus, listed firms in the GCC should implement governance and disclosure practices that strengthen the credibility of financial earnings and reduce the danger for investors who later discovers poor investment decisions.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121094567","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}

{"title":"The impact of flexibility and responsiveness on the financial performance in Malaysia’s manufacturing industry during the COVID-19 pandemic","authors":"M. Zahari, Norhayati Zakuan, M. Saman, Teh Zaharah Yaacob, Roshazlizawati Mohd. Nor","doi":"10.33094/ijaefa.v16i1.870","DOIUrl":"https://doi.org/10.33094/ijaefa.v16i1.870","url":null,"abstract":"In order to combat the disruption caused by COVID-19, it is essential for the company's operations to implement flexibility and responsiveness in their work. In this study, the researchers will investigate the effect of these two variables on the financial performance of the company. The current study evaluates the data obtained from 215 manufacturing companies in Malaysia. The data is collected and analysed using PLS-SEM in order to provide an in-depth look at the issue. The results show that flexibility and responsiveness are positively related to a company's financial condition. The primary contribution of this study is to provide the management of company with a ground-breaking idea of dealing with a pandemic situation in the current business environment. A company's capacity to survive also depends on planning changes, particularly those that affect supply chain management and production operations. When making tough decisions, managers must be less rigid and more flexible. Demand management, inventory management, supply chain management, and operation management are some of the things that call for flexibility and responsiveness. The business will experience losses if they are unable to meet the demands of the COVID-19 era and maintain business operations. Of course, this will have an impact on the company’s financial performance.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133589844","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}

{"title":"Financial reporting quality and its determinants: A machine learning approach","authors":"Dau Hoang Hung, V. T. T. Binh, D. Hung, H. Ha, Nguyen Viet Ha, Vu Thi Thuy Van","doi":"10.33094/ijaefa.v16i1.863","DOIUrl":"https://doi.org/10.33094/ijaefa.v16i1.863","url":null,"abstract":"The high-quality of financial reporting provides suitable information for economic decision-making of the country whilst, the low quality of financial reporting causes a serious impact on the economy. This research aims to classify financial reporting quality (FRQ) as well as determines the drivers of FRQ. This study uses a panel dataset from 2014 to 2020 that is collected from the Vietnamese listed companies. The study applies machine learning algorithms to classify and assess FRQ of non-financial companies on the Vietnamese stock exchange. New contribution considers the FRQ, on the auditor's opinion and the variance between pre-audit and post-audit profit. This research classifies FRQ into normal and poor categories, and a rate of 9.35% in the sample is considered poor FRQ. This research shows that the return on assets’ ratio and the ownership concentration have the most important influence on FRQ. Furthermore, the results which are predicting FRQ by using the random forest algorithm have an accuracy rate of 94%. This study is valuable for the forecast of FRQ and for the support of stakeholders in decision-making. With the high accuracy of machine learning techniques and its usage, it can help analysts and investors in generating reliable accounting information for decision-making purposes. Corporate sector needs to pay attention towards financial ratios and reinforcement of corporate governance.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131633939","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}

{"title":"An empirical study of China’s financial institutions holding non-financial listed companies’ shares on company innovation - a moderated mediating effect","authors":"Shiqing Zhang, Wenqi Li, Brian Sheng Xian Teo, J. Othman","doi":"10.33094/ijaefa.v15i2.862","DOIUrl":"https://doi.org/10.33094/ijaefa.v15i2.862","url":null,"abstract":"The economy of China is gradually transforming from high-speed development to high-quality development. The innovation in companies is conducive to companies’ sustainable development, but innovation is often accompanied by risks and instability that needs the support of a large amount of capital. Financial institutions holding non-financial companies’ shares are favourable in alleviating the financial constraints of companies and they are of great significance in promotion of technological innovation and industrial technological upgradation of non-financial companies. The data for this study is selected from China’s a-share non-financial listed companies from 2013 to 2020 as research samples and data is empirically tested to show the effects of the industry-finance combination on non-financial companies and their technological innovation by creating the multiple regression equation. The test results showed that financial institutions holding non-financial companies’ shares significantly promoted the investment in the innovation of technology in non-financial companies. Through stepwise regression and other methods, it is concluded that financing constraints had a mediating effect on financial institutions holding entity companies’shares and company innovation. Financial institutions holding non-financial companies’ shares could promote technological innovation of companies by easing financial constraints, and the monetary policy as they had a moderating effect on this mediation. In addition, this paper conducted the sub-industries’ test on financial institutions holding non-financial companies’ shares and non-financial companies’ technological innovation through cluster analysis. Moreover, it examined the impact of property rights nature according to the basic national conditions of China. This study offers a new method for the innovation of companies in China and it provides a prerequisite for the high-quality economic development and industrial upgrading of China.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122074891","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}

{"title":"The role of absorptive capacity, technological capability, and firm performance in Indonesia’s high-tech industry","authors":"T. Mursitama, Noerlina, L. Arnakim","doi":"10.33094/ijaefa.v15i2.852","DOIUrl":"https://doi.org/10.33094/ijaefa.v15i2.852","url":null,"abstract":"The aim of this research is to examine the role of Absorptive capacity as an important ability to absorb technology and as a key to the firm's innovation capabilities. Technological capability is an important resource that companies must own to increase competitiveness because with these core resources and technology competencies, the firm can create values. Technological capabilities can be developed from internal or external sources. This study focuses on the external source in the form of royalty expense by presenting foreign experts/technology/copyrighted works/trademark/formulas to obtain technology and knowledge transfer. The research uses Large and Medium-scale Manufacturing Survey data that is taken from the Indonesian Central Bureau of Statistics (CBS). This is descriptive research that aims to produce an accurate mechanism of process relationship among variables. The results show that royalty expenses have a different relationship with firm performance. Some industries like electrical equipment and motor vehicles, as well as trailers and semi-trailers, have a very high royalty expense accompanied by the firm’s performance which is also the highest among all industries in the high-tech industry. This proves that several firms in the high-tech industry in Indonesia have a high absorptive capacity. However, different findings are seen in the chemicals and pharmaceutical industry. Firms do not spend above the industry’s average on royalty expenses, but their performance remains above the average performance of the high-tech industry in Indonesia.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115981015","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}

{"title":"Can investors’ sentiment and inflation influence share market return volatility? An ASEAN perspective","authors":"C. Sukmadilaga, N. H. Suciati, Tri Handayani, Alissa Shafia Alraudha, E. Ghani","doi":"10.33094/ijaefa.v15i2.847","DOIUrl":"https://doi.org/10.33094/ijaefa.v15i2.847","url":null,"abstract":"This study analysed the impact of psychological and macroeconomic factors on share market returns and its volatility in the ASEAN countries. This study specifically analysed the impact of investors’ sentiment and inflation on the share market returns and its volatility in the ASEAN countries. This study analyses investors’ sentiment and inflation by using the Consumer Confidence Index and Consumer Price Index on share market returns indices. The data of this study is based on 117 set from four ASEAN countries over a 10 years period. This study uses the Johansen cointegration test to evaluate the long-run cointegrating relationship among investor sentiment, inflation and market returns using different data set of IHSG, BM, PSEI, and SET. This study tells us that the Johansen co-integration test for IHSG, BM, PSEI, and SET confirms the existence of a long-run equilibrium of Trace and Maximum Eigenvalues among variables. This study shows that there is a simultaneous influence on both investors’ sentiment and inflation on the share market returns volatility in the ASEAN countries. The results of this study show that investors’ sentiment and inflation significantly influence the movement of the share market returns which constantly drives the share market returns volatility. The findings in this study serve as a reference to investors and other interested parties in understanding the factors which are influencing the share market returns volatility. Moreover, this study assists investors in forecasting future of share prices so they can make right decisions which ultimately, would reduce the risk of loss.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127218739","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}

{"title":"The influence of internal factors on loan risk management - Case study commercial banks of Kosovo","authors":"A. Sahiti, Arbana Sahiti Ramushi, Hatice Yurtsever, Sevdie Alshiqi – Bekteshi","doi":"10.33094/ijaefa.v15i2.846","DOIUrl":"https://doi.org/10.33094/ijaefa.v15i2.846","url":null,"abstract":"The main purpose of this study is to empirically analyse key internal factors influencing loan risk management of Kosovo’s commercial banks. This research adopts parametric statistics and employs a multilinear regression model. The data used for the analysis covers 7 banks for the 12 years from 2008 to 2019. The dependent variable is credit risk measured by dividing total debt by total assets. The independent variables are the size of the bank, the ratio of non-performing loans, the capital adequacy ratio, the debt-to-capital ratio, and asset management. The hypotheses raised in this research were tested through the SPSS software package using quantitative methodology. The results obtained through multiple linear regressions have shown that credit risk is positively correlated and statistically significant with non-performing loans and debt-to-equity ratio and statistically significant and negatively correlated with bank size, capital adequacy, and asset management. Considering our results, it can be considered that Kosovo’s commercial banks have performed very well so far by assessing internal factors that impact credit risk. The findings of this research have direct practical implications for the banking sector in Kosovo regarding the credit risk management approach because it can be used further to enhance the effectiveness of using proper mechanisms and regulations to minimize credit risk exposure.","PeriodicalId":134894,"journal":{"name":"International Journal of Applied Economics, Finance and Accounting","volume":"148 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134209102","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}