International Journal of Economic Behavior and Organization最新文献

The Asymmetric Effect of Mutual Fund Herding on Price Deviation: Evidence from the Chinese Stock Market 共同基金对价格偏离的非对称影响：来自中国股市的证据

International Journal of Economic Behavior and Organization Pub Date : 2024-07-04 DOI: 10.11648/j.ijebo.20241203.12

Yujia Liu, Liang Wu

{"title":"The Asymmetric Effect of Mutual Fund Herding on Price Deviation: Evidence from the Chinese Stock Market","authors":"Yujia Liu, Liang Wu","doi":"10.11648/j.ijebo.20241203.12","DOIUrl":"https://doi.org/10.11648/j.ijebo.20241203.12","url":null,"abstract":"Mutual funds, as significant participants in financial markets, play a crucial role in the formation of asset pricing. The relationship between herding behavior of mutual funds and mispricing has been a subject of intense debate among scholars. In this paper, we investigate the asymmetric impact of mutual fund herding on price deviation and explore the underlying mechanism. In terms of research design, this study selects relevant data on mutual fund holdings and stock trading in the Chinese A-share market from 2010 to 2023, we examine whether herding behavior leads to mispricing, specifically focusing on the asymmetric effects of herding buying and herding selling on stock price deviation from intrinsic value. This study distinguishes the trading direction of mutual fund herding behavior and separately examines the relationship between herding buying behavior and herding selling behavior with stock price deviation. Our empirical findings reveal that buying herding behavior is linked to positive price deviations from intrinsic value. However, selling herding behavior shows no significant relationship with price deviation. Furthermore, our results provide evidence that the herding buying of mutual funds stimulates similar trading sentiments among other market participants and contributes to the formation of market bubbles, while herding selling prompts counterbalancing trades, mitigating the impact of price deviation.\u0000","PeriodicalId":217293,"journal":{"name":"International Journal of Economic Behavior and Organization","volume":" 48","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141679286","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

Collusion, Arrogance, and Pressure on Fraudulent Financial Statements: The Role of Income Tax Rate (Evidence from Indonesia) 合谋、傲慢与虚假财务报表的压力：所得税率的作用（印度尼西亚的证据）

International Journal of Economic Behavior and Organization Pub Date : 2024-07-02 DOI: 10.11648/j.ijebo.20241203.11

Nur Triyani, Hasni Yusrianti, Kemas Thamrin

{"title":"Collusion, Arrogance, and Pressure on Fraudulent Financial Statements: The Role of Income Tax Rate (Evidence from Indonesia)","authors":"Nur Triyani, Hasni Yusrianti, Kemas Thamrin","doi":"10.11648/j.ijebo.20241203.11","DOIUrl":"https://doi.org/10.11648/j.ijebo.20241203.11","url":null,"abstract":"Fraud in financial statements can have an impact on the accuracy and reliability of the use of financial statements, including affecting the amount of tax, fines paid, and the audit process. This study aims to analyze the effect of pressure, arrogance and collusion on financial statement fraud and the role of income tax rates as a moderating variable in non-financial companies listed on the Indonesia Stock Exchange in 2020-2022. The data in this study consisted of 207 research observations determined using purposive sampling method. Data collection was conducted through document analysis, using annual financial reports and annual reports. The analytical technique employed was regression analysis, moderated by Eviews. The study commenced with a descriptive statistical analysis, followed by an examination of the classical assumptions, including multicollinearity and heteroskedasticity. Finally, an analysis of moderated regression was conducted. The results of the regression analysis indicated that pressure, arrogance, and collusion were found to influence financial statement fraud. The moderated regression analysis demonstrated that the income tax rate was capable of moderating the influence of pressure, arrogance, and collusion on financial statement fraud. The theoretical implications of this study offer a novel perspective on the moderating effect of income tax rates on the relationship between pressure, arrogance and collusion and financial statement fraud. This study is of practical value and provides information that can inform decision-making for stakeholders.\u0000","PeriodicalId":217293,"journal":{"name":"International Journal of Economic Behavior and Organization","volume":"6 14","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141686242","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

The Effect of Industry Extension Services Project on the Performance of Small and Micro Enterprises 产业推广服务项目对小型和微型企业绩效的影响

International Journal of Economic Behavior and Organization Pub Date : 2024-04-12 DOI: 10.11648/j.ijebo.20241202.12

Efrem Shiferaw

{"title":"The Effect of Industry Extension Services Project on the Performance of Small and Micro Enterprises","authors":"Efrem Shiferaw","doi":"10.11648/j.ijebo.20241202.12","DOIUrl":"https://doi.org/10.11648/j.ijebo.20241202.12","url":null,"abstract":"The purpose of the study was to investigate the effect of industry extension service projects on the performance of micro and small enterprises. Thus, the study utilized an explanatory and descriptive research design to achieve the objectives of the research. The study targeted MSEs that had been in operation for more than two years at the time of the study. The research had a total population of 606 MSEs, out of which a sample size of 241 operators was realized using Taro Yamane’s formula. Thus, a stratified sampling technique and simple random sampling were employed to select representative samples. Beside, primary and secondary data were used in the study. The analysis was conducted using SPSS version 20 on 223 fully responded questionnaires. The data was analyzed using descriptive and inferential statistics. In addition to this, correlation and regression models were used to analyze the variables of the study. The finding proved that IESP support provided by TVET trainers to MSEs was not adequate. Regression analysis indicated that entrepreneurship, technology, kaizen, and technical skill support had a positive and significant relationship with the performance of MSEs. Thus, it is recommended that the TVET College should provide regular industry extension service support to MSEs through four packages.","PeriodicalId":217293,"journal":{"name":"International Journal of Economic Behavior and Organization","volume":"26 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140709838","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

Linking and Delinking Aspects of Economic Growth and Employment in the Indian Economy: Granger Causality Approach 印度经济中经济增长与就业之间的联系与脱钩：格兰杰因果关系方法

International Journal of Economic Behavior and Organization Pub Date : 2024-04-02 DOI: 10.11648/j.ijebo.20241201.12

Altaf Hussain Padder

{"title":"Linking and Delinking Aspects of Economic Growth and Employment in the Indian Economy: Granger Causality Approach","authors":"Altaf Hussain Padder","doi":"10.11648/j.ijebo.20241201.12","DOIUrl":"https://doi.org/10.11648/j.ijebo.20241201.12","url":null,"abstract":"The purpose of this paper is to provide an overview of various economic growth and employment approaches that have been popular throughout economic history, with a focus on linking and delinking aspects of GDP and employment in the Indian economy. The semi-log quadratic model was used for the trends of GDP and employment across the selected countries. For the determination of the linkages between the variables, the Granger causality test promulgated by Engel and Granger (1987), and the maximum likelihood-based technique of Johansen and Julius (1990) and Johansen (1992) were used in the study. The results found that employment and GDP are two different aspects of an economy not only in the Indian economy but across the majority of the world economies. The results of model specification proved the presence of both long-run and short-run relationships between GDP and employment by the Johansen co-integration test in the Indian economy over the period. It has been found that the increase in GDP is negatively influencing the employment level by the VECM model as a 1 per cent increase in GDP results in 0.28 per cent of job losses in the Indian economy. This study aims to provide an overview of several approaches to economic growth and employment that have been popular throughout economic history up to the present, with an emphasis on linking and delinking aspects of economic growth and employment. In the context of an economy, economic growth and employment are two distinct aspects that should be tackled with separate economic strategies.","PeriodicalId":217293,"journal":{"name":"International Journal of Economic Behavior and Organization","volume":"82 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140751674","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

The Impact of COVID-19 Epidemic on the Hedging Islamic and Conventional Stock Markets with Financial Assets COVID-19 疫情对以金融资产对冲伊斯兰股市和传统股市的影响

International Journal of Economic Behavior and Organization Pub Date : 2024-04-02 DOI: 10.11648/j.ijebo.20241201.11

Wajdi Hamma, Ahmed Ghorbel, Anis Jarboui

{"title":"The Impact of COVID-19 Epidemic on the Hedging Islamic and Conventional Stock Markets with Financial Assets","authors":"Wajdi Hamma, Ahmed Ghorbel, Anis Jarboui","doi":"10.11648/j.ijebo.20241201.11","DOIUrl":"https://doi.org/10.11648/j.ijebo.20241201.11","url":null,"abstract":"This study investigates optimal hedging ratios for Islamic and conventional stock markets during the COVID-19 pandemic using the DCC (Dynamic Conditional Correlation), ADCC (Asymmetric Dynamic Conditional Correlation), and GO-GARCH (Generalized Orthogonal GARCH) models. The effectiveness of various financial assets as hedges is evaluated, and findings indicate that the DJCOM (Dow Jones Commodity), VISTOXX (Euro STOXX 50 Volatility Index), and VIX (Chicago Board Options Exchange Volatility Index) indices exhibit superior effectiveness across both market types, particularly DJCOM showing exceptional performance during the COVID-19 period. The hedging analysis indicates that the hedge ratios vary and depend upon the hedge instrument included in the portfolio. Furthermore, the empirical results indicate that the global impact of the pandemic diminishes the viability of one of the six assets as a safe haven instrument. In conclusion, these findings provide valuable insights for investors and portfolio managers aiming to utilize Gold, Brent, VISTOXX, VIX, CDS (Credit Default Swap), and DJCOM for portfolio rebalancing to mitigate risks associated with volatile Islamic and conventional stock returns. These conclusions contribute significantly to helping investors adjust their investment strategies more effectively and adapt to changing market conditions.","PeriodicalId":217293,"journal":{"name":"International Journal of Economic Behavior and Organization","volume":"547 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140751091","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

Investing in the Pioneering Varieties as an Agreement to Attaining Economic Take-off on Smallholder Seed Firms in West Africa 投资于先驱品种是西非小农种子公司实现经济起飞的一项协议

International Journal of Economic Behavior and Organization Pub Date : 2024-04-02 DOI: 10.11648/j.ijebo.20241201.13

Youcef Abaidia, Hocine Lalmi

{"title":"Investing in the Pioneering Varieties as an Agreement to Attaining Economic Take-off on Smallholder Seed Firms in West Africa","authors":"Youcef Abaidia, Hocine Lalmi","doi":"10.11648/j.ijebo.20241201.13","DOIUrl":"https://doi.org/10.11648/j.ijebo.20241201.13","url":null,"abstract":"Farmers everywhere depend on access to good quality seed, which is fundamental to their crop production systems. Most governments have made significant investments in strengthening national agricultural production capacities, yet farmers in developing countries still face difficulties in accessing the quality seed of the varieties that they require. Guaranteeing farmers’ access to quality seed can only be achieved through a viable seed supply system that can multiply and distribute seeds, which have been produced or preserved. This is better achieved by the private sector, but medium- to large-scale international seed companies concentrate on high-value crops and avoid dealing in the self-pollinating, open-pollinating and vegetative-propagated varieties on which most smallholder farmers depend for their food security as the biology of these crops makes it easy for farmers to keep their seeds for several seasons. However, smallholders are often seen as the driving force of economic growth, poverty reduction and food security. This is also true for smallholder seed enterprises, which, in the absence of large companies, provide a valid alternative for the production and distribution of food security crops. This paper reviews case studies on smallholder seed enterprise in Côte d’Ivoire, as well as relevant world literature in order to identify key issues that facilitate or constrain the development of the seed sector. The final section provides some guidelines on policy design and implementation to promote the development of sustainable seed enterprises at different stages in the evolution of national seed sectors. It provides examples of good practices and hence seeks to assist governments in identifying ways in which they can support the development of smallholder seed enterprises that will provide the most appropriate varieties to smallholder farmers in their efforts to boost food production.","PeriodicalId":217293,"journal":{"name":"International Journal of Economic Behavior and Organization","volume":"51 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140754308","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

Foreign Direct Investment and the Nigerian Economy: An Empirical Analysis 外国直接投资与尼日利亚经济：实证分析

International Journal of Economic Behavior and Organization Pub Date : 2024-04-02 DOI: 10.11648/j.ijebo.20241202.11

Muhammed Amade, Peter Oyigebe

{"title":"Foreign Direct Investment and the Nigerian Economy: An Empirical Analysis","authors":"Muhammed Amade, Peter Oyigebe","doi":"10.11648/j.ijebo.20241202.11","DOIUrl":"https://doi.org/10.11648/j.ijebo.20241202.11","url":null,"abstract":"The primary motive of this paper was to investigate the impact of Foreign Direct Investment on economic growth of Nigeria from 1985 to 2022. Ex – post facto research design was carefully carried out; annual time series data were extracted from Central Bank of Nigeria Statistical Bulletin of 2021 and World Development Indicator. Real Gross Domestic Product (RGDP) was used as the dependent variable proxy for economic growth. Foreign Direct Investment (FDI), Exchange Rate (EXCR), Trade Openness (TOPN) and Inflation (INF) all denoted for explanatory variables of the study. The estimated coefficients of the variables under study displayed that all the variables are integrated of the same order 1(1) exception of Foreign Direct Investment which was integrated of order 1(0). The bound test conducted showed that there is proof of the presence of a long run correlation among the variables used while the causality test clearly showed that FDI granger causes economic growth in Nigeria under review. Other diagnostic tests seen in this paper are unit root test, descriptive statistics, correlation coefficient matrix, Cointegration test and test of Normality respectively, and they long-established the validity and reliability of the model used. Based on the inferential results revealed by the research work, the paper came up with recommendation that government should improve the investment climate for both domestic and foreign investors through adequate infrastructural development, soft loans and tax holidays.","PeriodicalId":217293,"journal":{"name":"International Journal of Economic Behavior and Organization","volume":"55 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140754524","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

The Effects of Tax Incentives on Private Domestic Investment in Addis Ababa, Ethiopia 税收激励对埃塞俄比亚亚的斯亚贝巴私人国内投资的影响

International Journal of Economic Behavior and Organization Pub Date : 2023-11-24 DOI: 10.11648/j.ijebo.20231104.12

Aschalew Kassa

引用次数: 0

Triangle Model of Responsibility Theory in Perspective of Internal Auditor's Responsibility for Fraud Detection 内部审计师舞弊发现责任视角下责任理论的三角模型

International Journal of Economic Behavior and Organization Pub Date : 2023-08-22 DOI: 10.11648/j.ijebo.20231103.14

Y. Yusnaini

引用次数: 0

The Role of Management Support in the Relationship Between Objectivities, Organizational Setting and Auditee Attributes in Higher Education in Sumatra, Indonesia 管理支持在印尼苏门答腊高等教育目标、组织设置和被审核方属性关系中的作用

International Journal of Economic Behavior and Organization Pub Date : 2023-08-09 DOI: 10.11648/j.ijebo.20231103.13

Yeni Trijayanti, Y. Yusnaini, Hasni Yusrianti

引用次数: 0