{"title":"The impact of the pandemic on the labor market in the Western Balkans","authors":"Muhamet Binaku, Sedat Ismajli","doi":"10.22495/jgrv12i3siart11","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart11","url":null,"abstract":"This paper aims to research the impact of COVID-19 on the labor markets in the Western Balkans to close a gap in the literature (Bartlett & Oruc, 2021). This research focuses on available data and analysis with the overall goal of providing a comprehensive picture as well as identifying potential gaps in knowledge. Results of the analysis show that the pandemic has directly affected the labor market in almost all countries of the world. In the Western Balkans, more so than in other developed countries, the restriction of movement has caused a drastic drop in business activities (Bartlett, 2021). To that end, a considerable number of businesses closed down, and a large part of citizens suddenly became unemployed. The results of this analysis reveal that the number of workers in the informal economy has increased. In addition, wage-cutting practices reported during the pandemic are likely to continue even further. Based on these circumstances, the states of the Western Balkans were forced to take the necessary legislative measures, or other measures, to provide or organize in the appropriate scope to overcome the emergency crisis.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135358064","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":"Customers’ perception of telecommunication businesses: Non-financial performance measures in organizational success","authors":"Rewan Kumar Dahal, Bharat Rai, Bhupendra Jung Shahi, Binod Ghimire","doi":"10.22495/jgrv12i3art8","DOIUrl":"https://doi.org/10.22495/jgrv12i3art8","url":null,"abstract":"Performance measures drive an organization’s success. The measures improve strategic communication with stakeholders. Based on customer survey data, this study aimed to examine the association between the use of non-financial performance measures (NPMs) and organizational success (OS) in the Nepalese telecommunication business. The study used a descriptive strategy and a structured survey questionnaire to collect data from the targeted respondents. It gathered 385 responses based on the convenience sampling technique. The questionnaire contained two items relating to the respondent’s demographics, 19 items relating to NPMs, and seven items on organizational success. The NPMs were grouped into three constructs by employing confirmatory factor analysis. The analysis indicated that the technological and innovation performance measures had the most significant contribution, followed by the social and environmental performance measures and the customers’ performance measures to the organizational success. The study found that NPMs explained 62.9% of telecommunication business’s success, indicating more reliance on NPMs increases performance and success. Such findings would provide crucial information for comprehending the NPMs and validate Adhikari and Chalise’s (2021) conclusions that the performance evaluation system for the Nepalese telecommunications business has changed to reflect strategic goals by adding NPMs.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"260 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135733723","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 token economy in a developing country","authors":"Ruangchan Thetlek, Tanpat Kraiwanit, Kris Jangjarat, Pongsakorn Limna, Yarnaphat Shaengchart","doi":"10.22495/jgrv12i3siart18","DOIUrl":"https://doi.org/10.22495/jgrv12i3siart18","url":null,"abstract":"The token economy is a decentralized digital economy enabled by blockchain technology based on the premise of controlling asset ownership with digital tokens (Zhao et al., 2019). The increase in digital asset ownership among Thai residents over the past year (Kemp, 2022) is indicative of the expansion of the token economy. Therefore, the purpose of this study is to analyze the factors influencing the token economy in Thailand. Multiple regression analysis has been used to analyze the data acquired from Thai investors who are at least 20 years old, hold financial instruments, and frequently access the Internet. The findings show that an individual’s education level and monthly income, as well as their obtaining of investment news through mass, online, or print media or through meetings, have a statistically significant positive relationship to the token economy, while the savings rate has a negative one. The research proposes that these factors should be considered when a company prepares promotional activities, and that consumers with low savings rates should receive more attention because they are more inclined to embrace digital tokens.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"137 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135798656","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":"Does green banking affect banks’ profitability?","authors":"Mohammed K. Al-Kubaisi, Bashar Abu Khalaf","doi":"10.22495/jgrv12i4art15","DOIUrl":"https://doi.org/10.22495/jgrv12i4art15","url":null,"abstract":"This paper empirically investigated the impact of green banking on the financial performance of Qatari banks. This paper collected the data for all banks in Qatar during the period 2012–2021. Specifically, the data collected included all 7 banks in Qatar and gathered data from the Refinitiv Eikon platform, the annual reports of the banks, and the relevant stock markets. Ordinary least squares (OLS) and panel regression have been applied but the fixed effect technique was interpreted because of the significance of the Hausman test. The dependent variable was the return on equity, the independent variables were size, loan loss provision, and two dummy variables as a proxy for green banking, which are: the availability of online banking and the availability of mobile applications. The results showed a positive relationship between the size and the return on equity and a negative relationship between the loan loss provision and the availability of mobile applications on the return on equity. The availability of online banking had an insignificant relationship with return on equity. This implies that larger Qatari banks tend to have larger profits and banks who estimate higher loan loss provisions are expected to have lower profitability. Surprisingly, the availability of mobile applications is found to affect profitability negatively if the cost of having the application is not covered by the noninterest charges.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135451042","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}
David Umoru, Solomon Edem Effiong, Malachy Ashywel Ugbaka, Salisu Shehu Umar, Orobosa Abraham Ihensekhien, Friday Osaru Ovenseri-Ogbomo, Nkang Enighe Eyam, Ubi Ubi Omini, Anna Nuhu Tizhe, Rafat Hussaini
{"title":"Estimating effects of nominal exchange rates and oil price shocks in the presence of structural breaks","authors":"David Umoru, Solomon Edem Effiong, Malachy Ashywel Ugbaka, Salisu Shehu Umar, Orobosa Abraham Ihensekhien, Friday Osaru Ovenseri-Ogbomo, Nkang Enighe Eyam, Ubi Ubi Omini, Anna Nuhu Tizhe, Rafat Hussaini","doi":"10.22495/jgrv12i3art16","DOIUrl":"https://doi.org/10.22495/jgrv12i3art16","url":null,"abstract":"Macroeconomic stability is an objective emerging economy desired to achieve but oil price shocks and fluctuations in nominal exchange rates tend to restrain the ability of these economies to achieve such macroeconomic balance. Regrettably, exchange rates and oil price shocks are prone to have structural breaks in defined periods. We therefore, implemented a bivariate diagonal BEKK model, Zivot-Andrews and Bai-Perron breakpoint tests to evaluate the effect of exchange rates and oil price shocks in the presence of structural breaks on macroeconomic stability in developing countries. Break dates were observed for Benin Republic and Côte d’Ivoire between 1997M01 and 1996M09, Gambia in 2003M12, Niger in 2011M04, Ghana in 2000 and 2008, and Nigeria in 2020. All break dates were attributed to various causes including COVID-19 pandemic, the United States (US) invasion of Iraq in 2003, the US recession, and the Persian Gulf crisis. The findings showed variations in oil prices and exchange rates have a hostile impact on the level of the consumer price index (CPI) after controlling for structural breaks for all countries excluding Burkina Faso. Hence, shocks conveyed significant instability in the domestic price levels of Gambia, Benin, Niger, Ghana, and Nigeria. Models of inflation should be examined after controlling for external crises and structural breaks.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"225 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135894003","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":"Analysing sustainability report using GRI index for fundamental labour rights and corporate governance","authors":"Budi Santoso, Cacik Rut Damayanti, Rachma Bhakti Utami","doi":"10.22495/jgrv12i4art17","DOIUrl":"https://doi.org/10.22495/jgrv12i4art17","url":null,"abstract":"Based on their sustainability reports (SR), this study investigates Indonesian stated-owned companies’ compliance with fundamental labour rights and corporate governance (CG). Empirical and content analysis was carried out based on the Global Reporting Initiative (GRI) standard index published by 41 state-owned companies from 12 clusters in Indonesia. The study also compared the disclosure performance of several industrial-sector clusters by measuring each cluster’s total compliance rate. This study also analyses whether the high corporate governance disclosure will lead to a high level of fundamental labour rights reports. Using content analysis and multivariate analysis of WarpPLS, this study finds that companies tend to disclose clearly basic requirements on fundamental labour rights, such as information about new hires and employee turnover and essential information on corporate governance structure and composition (Martin et al., 2016; Sikka, 2008). In contrast, companies tend to hide information about reasonable notice of significant operational changes and critical concerns in companies. Based on the industrial sectors, the company in the energy, oil, and gas cluster have the highest level of compliance concerning corporate governance and labour disclosure. Then, this study also discovers that companies with high compliance levels on corporate governance disclosure tend to inform more in labour rights activities.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135562101","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":"Managerial competence and innovation performance: The mediating role of willingness to change, entrepreneurial orientation and culture","authors":"Nadia Abdelhamid Abdelmegeed Abdelwahed, Abdulrahman Alshaikhmubarak","doi":"10.22495/jgrv12i4art10","DOIUrl":"https://doi.org/10.22495/jgrv12i4art10","url":null,"abstract":"Small and medium-sized enterprises (SMEs) significantly influence Saudi Arabia’s economic stability and growth. However, this industry faces significant managerial competence (MC) and innovation performance (IP) obstacles. Based on the findings of previous studies, i.e., Kellermanns and Eddleston (2006), De Clercq et al. (2015), Vafaei-Zadeh et al. (2019) and Renwarin et al. (2023) and the dire need for further exploration, the researchers developed the conceptual framework and model for confirmation in the context of Saudi Arabia. The study aims to investigate the direct and indirect linkages between MC and IP, mediated by a willingness to change (WTC), entrepreneurial orientation (EO), and entrepreneurial culture (EC) among SMEs in Saudi Arabia. The study used responses from 368 managers of Saudi Arabian SMEs. The structural equation modeling (SEM) analysis results confirmed that MC has a significant positive effect on WTC, IP, EO and EC. Besides, the factors such as WTC, EO, and EC positively and significantly affect IP. Finally, the mediation analysis through path analysis suggests a mediating role of WTC, EO and EC between MC and IP. The findings of this study can assist SME managers in making informed resource allocation decisions that can lead to maximum outcomes for their businesses. Besides, this study can help SME managers overcome challenges while improving their organizations’ innovation performance.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"263 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134884596","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 of international trade and environmental degradation in the UAE: Moderating role of foreign investor characteristics","authors":"Saood Mohammad Hassan Albahar, R. Islam","doi":"10.22495/jgrv12i1art11","DOIUrl":"https://doi.org/10.22495/jgrv12i1art11","url":null,"abstract":"The purpose of the study is to identify the moderating role of economic factors of foreign investor over the relationship between economic factors and environmental degradation in Dubai which is among the fastest-growing economies and is attracting foreign direct investments (FDI) at the best. In order to meet the objectives of the study two hypotheses were developed. The first hypothesis deals with the direct effect of economic dimensions of foreign direct investment (Alkathiri, 2022), whereas, the second hypothesis deals with the moderating impact of foreign investor characteristics over the relationship between economic dimensions of foreign direct investment and environmental degradation. Both hypotheses have been checked over the primary data collected from the executives of multinational companies operating in Dubai. The findings of the study revealed that economic dimensions of foreign direct investment have a significant impact on environmental degradation. Likewise, foreign investor characteristics hold a significant moderating role in the significant relationship between economic factors of foreign direct investment and environmental degradation (Khan & Agha, 2015). The study showed some limitations and opened the horizons for future research.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68784861","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":"Impact of women’s board presence on firm performance: An empirical analysis on the Italian capital market","authors":"Paolo Capuano, Marina Carabelli","doi":"10.22495/jgrv12i4art9","DOIUrl":"https://doi.org/10.22495/jgrv12i4art9","url":null,"abstract":"This paper aims to empirically verify if the presence of women on the board of directors produces positive effects on performance results achieved by a sample of listed companies on the Italian stock market. Although many studies have investigated the relationship between women on board and corporate governance effectiveness, research results are inconclusive regarding their impact on corporate performance. After describing the most recent literature review on the topic, this article analyzes a set of board attributes in relation to the presence of women on the board for 26 Italian-listed companies for 2019 years. The empirical results show a positive correlation between the share of women on the board of directors and sampled companies’ performance. This result is consistent what has been shown by recent corporate literature (Gupta et al., 2023; EmadEldeen et al., 2021; Magnanelli et al., 2021; Song et al., 2020). Therefore, the results confirm the importance of women’s presence on the board of directors in influencing the financial performance of companies. This research, therefore, helps provide corporate governance guidance for board members, and professionals looking to refine strong performance.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135157726","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 to detect agency problems in listed corporations: The emerging market study","authors":"Hakeem Hammood Flayyih, Wided Khiari","doi":"10.22495/jgrv12i1siart1","DOIUrl":"https://doi.org/10.22495/jgrv12i1siart1","url":null,"abstract":"The aim of this paper is to shed the light on the concepts of agency theory by measuring one of the problems that arise from it, which is represented by earnings management (EM) practices. The research problem is demonstrated by the failure of some Iraqi banks and their subsequent placement under the supervision of the Central Bank of Iraq, which was attributed, in part, to the inadequacy of the agency model in protecting stakeholders in shareholding institutions, as well as EM, pushed professional institutions to adopt the corporate governance model as a method to regulate the problem of accounting information asymmetry between the parties to the agency. We are using the Beneish M-score model and the financial analysis equations in the Beneish model for bank data for both the income statement and the financial position to do so. The sample includes 30 Iraqi banks listed on the Iraq Stock Exchange from 2014 to 2017, with the goal of inferring agency problems through EM practices. The results show that there are problems for the agency in the research sample banks throughout the research periods, and the percentages of those problems vary from one year to another. Apart from detecting agency problems, the art of financial ratios that have been used can be useful for auditors in conducting financial analyses, and thus they can be used as tools to detect fraud, given those agency problems resulting from profit manipulation are only aspects of fraud in the financial statements.","PeriodicalId":15974,"journal":{"name":"Journal of Governance and Regulation","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135126915","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}