{"title":"THE EFFECT OF SOCIAL PROGRESS ON FOREIGN DIRECT INVESTMENTS: A DYNAMIC PANEL DATA ANALYSIS FOR AFRICAN COUNTRIES","authors":"Teheni El Ghak, Abderazak Bakhouche","doi":"10.33736/ijbs.5616.2023","DOIUrl":"https://doi.org/10.33736/ijbs.5616.2023","url":null,"abstract":"A strand in the empirical literature on development economics investigates the dependence of foreign direct investments on recipient countries' economic, institutional and structural characteristics. This paper builds upon this literature by examining the role of a country's social progress as a pull factor for inward foreign investments. It applies the dynamic panel data methodology to an unbalanced panel dataset from African countries for the 2011-2019 period. The findings suggest that social progress is a significant determinant of foreign direct investments in Africa, supporting a positive social progress-foreign direct investments nexus. For the dimensions of social progress, while access to basic needs and foundations of well-being are important factors, opportunity exhibits superior influence on foreign direct investments. Findings provide evidence for a policy that recognises the social progress in shaping a host country’s attractiveness to foreign investments.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"120 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79422390","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}
Ferdinand Murni Hamundu, Iis Solihat, Hendrian, Milde Wahyu
{"title":"DETERMINANTS OF BEHAVIOR INTENTION TO ADOPT PEER-TO-PEER LENDING SERVICES AMONG INDONESIA MSMES","authors":"Ferdinand Murni Hamundu, Iis Solihat, Hendrian, Milde Wahyu","doi":"10.33736/ijbs.5633.2023","DOIUrl":"https://doi.org/10.33736/ijbs.5633.2023","url":null,"abstract":"An alternative for Micro Small and Medium-Sized Enterprises (MSMEs) against the barriers of financial inclusion is peer-to-peer (P2P) lending services. Despite its effectiveness in advancing financial inclusion, the factors that influence its adoption among MSMEs are unique. The purpose of this study is to analyze the factors influencing the intention of Indonesia MSMEs to adopt P2P lending services using the unified theory of acceptance and use of technology (UTAUT) 2 model. The results of this study show that five variables significantly affect MSMEs including performance expectancy, social influence, price value hedonic motivation, and effort expectancy. Meanwhile, the result shows that the factors of facilitating conditions and habits were not significant. This study contributes a reflective insight on the determinants of the P2P lending adoption among MSMEs in a developing country.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"15 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87387027","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}
Zaminor Zamzamir@Zamzamin, Razali Haron, Zatul Karamah Ahmad Baharul Ulum, Anwar Hasan Abdullah Othman
{"title":"IMPACT OF DERIVATIVES USER ON FIRMS’ PERFORMANCE OF SHARI’AH COMPLIANT FIRMS","authors":"Zaminor Zamzamir@Zamzamin, Razali Haron, Zatul Karamah Ahmad Baharul Ulum, Anwar Hasan Abdullah Othman","doi":"10.33736/ijbs.5594.2023","DOIUrl":"https://doi.org/10.33736/ijbs.5594.2023","url":null,"abstract":"The study examined the impact of derivatives usage on the performance of Shari'ah-compliant firms in Malaysia. The study employed a Generalised Method-of-Moment estimator (System-GMM) on a set of panel data from 2012 to 2017. A paired sample t-test for mean difference and a Wilcoxon Signed-ranks test was performed to examine the performance difference between users and non-users of derivatives. The study provided strong evidence of a significant difference in performance between users and non-users of derivatives. Moreover, the study observed better performance among derivative users than non-derivative users. The findings enriched the current Islamic financial market literature and contributed to a better understanding of the hedging activities among Shari’ah-compliant firms. The study offered new evidence on risk management using derivatives in the Islamic financial market.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"41 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85418803","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 EFFECTIVENESS OF CRITICAL SUCCESS FACTORS IN REGIONAL DEVELOPMENT PROGRAMMES MANAGEMENT","authors":"","doi":"10.33736/ijbs.5603.2023","DOIUrl":"https://doi.org/10.33736/ijbs.5603.2023","url":null,"abstract":"In ensuring an effective implementation and maximum impact of regional development projects and programmes, the element of Critical Success Factors (CSFs) should also be considered. East Coast Economic Region (ECER) is one of five regional economic corridors established in Malaysia to facilitate the socioeconomic transformation of this region towards becoming a high-income nation by 2025. East Coast Economic Region Development Council (ECERDC) was established in 2008 as a statutory body under the East Coast Economic Region Development Council Act (Act 688) to drive the implementation of ECER Master Plan. ECERDC also came out with a list of CSFs that serves as a guidance to achieve all the expected goals. The purpose of this study is to investigate the effectiveness of ownership at all levels, creation of ECER Development Council, complementation among ECER states, complementation of ECER towards other regional developments, and private and public sector partnerships in the implementation of various regional development programmes and projects by ECERDC. This study used qualitative method which utilized in-depth interviews with 10 key informants. The obtained findings demonstrated that ECERDC has practiced all five CSFs effectively and as a return, the implementation of various regional development programmes has brought positive outcomes to the organisation. The result should help understand which factors must be given priority by the stakeholders, especially in maximising the impact of the government development projects that benefit the local community.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"35 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78862986","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":"UNEMPLOYMENT BEHAVIOUR IN THE COVID-19 PANDEMIC: EVIDENCE FROM DEVELOPING COUNTRIES","authors":"Chor Foon Tang, Salah Abosedra","doi":"10.33736/ijbs.5610.2023","DOIUrl":"https://doi.org/10.33736/ijbs.5610.2023","url":null,"abstract":"This paper explores the impacts of the COVID-19 pandemic, corruption and other determinants on unemployment in developing countries using panel dataset for 89 developing countries from January to December 2020. The proposed unemployment model is estimated utilising a newly formulated conceptual framework to examine whether COVID-19 pandemic, corruption, and human capital, play a moderating role on unemployment determination in our selected developing countries. The model is estimated using the dynamic panel system generalised method of moments (GMM) estimator. Apart from output, inflation and human capital, our results show that the COVID-19 pandemic and corruption are major variables in explaining the unemployment rate for our sampled countries. Furthermore, and more notably, we find evidence that the COVID-19 pandemic and corruption appear to significantly restrain and alter the role of outputs and human capital in impacting unemployment. Therefore, the detrimental effects of the COVID-19 pandemic and corruption on the economies and labour markets of countries examined should not be under-estimated. Additionally, findings show that, while policy initiatives to combat the COVID-19 pandemic are critical, strengthening anti-corruption regulations would further improve the efficiency of any attempt to reduce unemployment rates associated with the COVID-19 period.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"64 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77048015","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":"FACTORS INFLUENCING CORPORATE ETHICAL VALUES DISCLOSURES: A SYSTEMATIC LITERATURE REVIEW","authors":"","doi":"10.33736/ijbs.5613.2023","DOIUrl":"https://doi.org/10.33736/ijbs.5613.2023","url":null,"abstract":"The objective of this paper is to review the research patterns that examined factors influencing ethical values and practices disclosures among public listed companies in Malaysia. Through a systematic literature review (SLR) process, the paper reports a step-by-step approach to examining past studies and theories by utilizing the PRISMA (Preferred Reporting Items for Systematic reviews and Meta-Analyses) method. Past articles were identified through Scopus, Web of Sciences, and Google Scholar, which cover a period from when the Malaysian Code on Corporate Governance (MCCG) was established in 2000 until 2021. The results of our systematic literature review managed to categorize these factors into internal (board commitment, board characteristics, and company characteristics) and external (regulatory framework and international guidelines). While the sub-categories in each factor were mostly driven by compliance with the MCCG 2012 and MCCG 2017, the items on ethical practices and actions require more attention for further research. This paper recommends more studies to be conducted to examine these factors from the perspectives of board commitment, board characteristics, and firm characteristics as moderating variables. Our paper recommends large companies to adopt integrated reporting based on a globally recognised framework in promoting greater transparency and accountability as well as reducing duplication. The recommendations in this regulatory framework may influence the Board of Directors’ commitment to report more reflections of quality, and ethical values voluntarily. This paper is among the first of its kind to present a systematic literature review, which examines factors influencing ethical values and practices on disclosures, specifically in developing countries.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"1 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74322777","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":"IFRS Convergence and Value Relevance of Accounting Information: Evidence from Indian Financial Reporting","authors":"Lorraine Rayelle Gomes, Juao C. Costa","doi":"10.33736/ijbs.5176.2022","DOIUrl":"https://doi.org/10.33736/ijbs.5176.2022","url":null,"abstract":"International studies have recorded evidences of improved accounting information attributed to the adoption of International Financial Reporting Standards (IFRS). The concurrent literature is however, scant in India. This study is one of the first of its kind to explore value relevance in the context of financial reporting for a large sample in India since IFRS convergence. The paper examines the value relevance of financial reporting of firms listed on the National Stock Exchange (NSE) in India by employing the Ohlson, (1995) Price Model. It aims to identify whether fundamental accounting variables like book value per share (BVPS) and earnings per share (EPS) are more value relevant after the IFRS converged Indian Accounting Standards (IndAS) became mandatory for listed firms. The hypotheses are tested using multivariate panel regressions on the annual data of 910 listed firms from 2013-14 to 2018-19 – resulting in 5460 observations – to include the pre and post mandatory convergence periods. The study documents a statistically significant association between stock prices of our sample firms and their key accounting variables (BVPS and EPS) along with an increase in the explanatory power of the model during the post mandatory convergence period.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"51 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78287089","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}
Nor Hanim Awang @ Mohd Noor, Norfatiha Othman, Nor Hayati Sa’at, Roslina Ismail
{"title":"The Level of Involvement of Women Entrepreneurs in the Textile Industry in the East Coast of Peninsular Malaysia","authors":"Nor Hanim Awang @ Mohd Noor, Norfatiha Othman, Nor Hayati Sa’at, Roslina Ismail","doi":"10.33736/ijbs.5181.2022","DOIUrl":"https://doi.org/10.33736/ijbs.5181.2022","url":null,"abstract":"Women and business are a unique phenomenon that can only be observed in the East Coast state of Peninsular Malaysia. The involvement of women entrepreneurs in the batik and songket-based textile industry in the East Coast outweighs the involvement of male entrepreneurs. It is interesting to highlight that only women entrepreneur in Kelantan and Terengganu engaged more actively in market activities than women entrepreneurs in other states. Women entrepreneurs in the East Coast of Peninsular Malaysia share the same entrepreneurial culture where entrepreneurship activities in two states in the East Coast have been held for a long time. This article aims to analyze the level of involvement of women entrepreneurs in the textile industry on the East Coast of Peninsular Malaysia. Quantitative design methods based on descriptive analysis and structured interviews were used in this study conducted on 102 respondents in the states of Kelantan and Terengganu in the East Coast of Peninsular Malaysia. Data obtained from structured interviews were analyzed descriptively and multiple regression analysis. The results show that the level of women’s involvement in the textile industry is at a high level. Five factors influence the involvement of women entrepreneurs in this study to venture into the textile industry, namely total of income, increased income, self-motivation, self-satisfaction, and social motives. This study suggests that the high profits that female entrepreneurs can generate will encourage other women to participate in this business.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"33 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79091163","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":"State-Owned Holding Company and Value of Cash Holdings in Vietnam","authors":"Thong Tien Nguyen","doi":"10.33736/ijbs.5175.2022","DOIUrl":"https://doi.org/10.33736/ijbs.5175.2022","url":null,"abstract":"Ownership structure, which specifies the owners of the firm, is crucial to corporate governance as it one of the foundation explanation sources of agency conflicts. Roles and impacts of different corporate owners on corporate governance have been studied worldwide, but are not as popular for the role of a State-Owned Holding Company (SOH) as a model of state capital investment agency. This study examines the role of SOH in the management and governance of listed companies with state capital in Vietnam through cash holdings models. SOH-linked companies (SLCs) are found to hold more cash and the shareholders appreciate the cash hold by the SLCs as robust to the firms’ characteristics. SOH ownership significantly increases the value of cash holding, and the better value of cash holdings in SLCs is supposed to be a result coming from good corporate governance. This study contributes to the literature of ownership structure and corporate governance and provides evidence for SOH as a positive ownership and monitoring mechanism in improving corporate governance and firm performance in companies with state-owned capital in Vietnam.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"1 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86345412","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":"Exploring the Role of Social Capital in Community-Based Tourism in Bum Bum Island, Semporna, Sabah, Malaysia","authors":"Velan Kunjuraman","doi":"10.33736/ijbs.5188.2022","DOIUrl":"https://doi.org/10.33736/ijbs.5188.2022","url":null,"abstract":"The application of social capital theory or concept in tourism studies is a growing phenomenon, but the studies related to community-based tourism are still in their infancy in the context of developing countries. This study explores the role of social capital in a community-based tourism project in Bum Bum Island, which is located in the District of Semporna, Sabah, Malaysia. The primary data were collected through in-depth interviews with 19 informants from government, private agencies, local heads, tourist, Non-Government agencies and the local community. The results present evidence on the role of social capital in the development of community-based tourism projects. In addition, this research contributes to the enhancement of the body of knowledge studies related to social capital and community-based tourism. Finally, this paper concludes with some practical implications and suggestions for future research directions.","PeriodicalId":13836,"journal":{"name":"International Journal of Business and Society","volume":"31 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78072386","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}