{"title":"A Multiple Group Analysis of Absolute versus Accessible Personal Luxury Goods Consumption Behavior among Generations X and Y in the US","authors":"Jihyun Kim, S. Rogers","doi":"10.18178/IJTEF.2020.11.6.680","DOIUrl":"https://doi.org/10.18178/IJTEF.2020.11.6.680","url":null,"abstract":"The global luxury market reached €1.17 trillion in sales in 2018 and the global market for personal luxury goods is forecast to grow to €290 billion by 2020. Close to 70% of the global personal luxury goods sales are tribute by Generations X and Y. When considering the fact that Generation X is the smaller consumer segment based on a population size, compared to baby boomers or generation Y, Gen X segment’s total expenditure on personal luxury goods, which was greater than that of either of generational cohorts is highly noteworthy. A recent study by Kim (2019) found that both generations X and Y are much heavily involved in luxury goods consumption through the ownership of multiple product categories including clothing, shoes, handbags and small leather goods, and jewelry, compared to older and younger baby boomers. Regarding personal luxury consumption at different price points such as absolute luxury vs. accessible luxury has not received much attention. Thus, this study aims to provide insights by investigating US affluent Generations X and Y consumers’ perception and lifestyle variables and their predictability of behavioral variables in the personal luxury marketplace. Using a nationwide representative sampling and online survey, a final sample of 299 responses were collected and used for this study. The confirmatory factor analysis of the measurement more as well as proposed conceptual model revealed that data fit the proposed conceptual model well. All, except one, research hypotheses received statistical support. A structural equation modeling using multiple group analysis revealed that absolute luxury owners are significantly different from accessible luxury owners. Based on the findings, pragmatic implications and future research directions are provided.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"133 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116265955","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 Effect of Financial Regulation on Reputation","authors":"P. Mitic","doi":"10.18178/IJTEF.2020.11.6.678","DOIUrl":"https://doi.org/10.18178/IJTEF.2020.11.6.678","url":null,"abstract":"Recent high profile breaches of regulation by prominent UK financial institutions suggest that self-regulation is ineffective. Intuitively, regulatory breaches should result in a tarnished reputation, but that conjecture is unsubstantiated. With objective measurement of reputation, we demonstrate that reputational damage is not a significant deterrent against regulatory breaches. Imposing regulatory fines is also no deterrent. We speculate that customers are prepared to tolerate large regulatory breaches: retail customers provided they are not affected personally, and corporate customers as long as investments do not devalue. Regulation has not previously been linked to reputation, and this result is significant because it adds to the argument that external regulation remains necessary. Note is also made of recent unsuccessful initiatives on self-regulation.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129894162","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":"Classification of Japanese Electrical Equipment Manufacturing Industry Recovery Patterns after Disasters: Case Study of August 2019","authors":"K. Yamaguchi, Y. Shirota","doi":"10.18178/IJTEF.2020.11.6.681","DOIUrl":"https://doi.org/10.18178/IJTEF.2020.11.6.681","url":null,"abstract":"In the paper, we analyze the recovery pattern of Japanese electrical equipment manufacturing companies after the President Trump remark in August 2019. The President’s remark made the companies’ stock prices decreased severely. The research consists of two parts. In the first part, we conducted Random Matrix Theory to extract representative decline/recovery patterns. Then we tagged A/B/C/D to the companies’ recovery types. The class A means a strong recover power. Then as the second part, we conducted machine learning tree-based classification using the tags A/B/C. The predictors are eight variables like ROA, ROE, and VAR. The resultant Decision Tree model provided us with the two different approaches to the class A group. The recovery and repulsion power will be higher in the company with high ROA and in the company that manufactured the product with high VAR. In addition, another class A company group is made and the feature is the high inventory turnover ratio.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129958503","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":"Research Paper on Data-Driven Business Models: Why the Asia-Pacific Region Serves as an Example for the Western Companies? How Might they Improve Their Business Models in 5 Years?","authors":"Tsvetelin Anastasov","doi":"10.18178/IJTEF.2020.11.6.684","DOIUrl":"https://doi.org/10.18178/IJTEF.2020.11.6.684","url":null,"abstract":"This article is an expansion of Anastasov, T.’s master’s thesis (2019) and attempts to give a clear definition and taxonomy of the Data-Driven Business Models (DDBMs) as well as illustrate data challenges and opportunities that come along with this. These definitions were cross-analyzed with 3 cases from the Asia-Pacific region to deliver concrete insights and inspiration for Western companies to reinvent their businesses in the next 5 years. A comparison between Data-Driven and Data-Centric models was given as well, not previously analyzed in the thesis, as a view on the current state-of-the-art data business models.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125599611","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":"Organic Finance Framework: Aligning Financing Complexity with Organisational Complexity (for Innovative Companies)","authors":"P. Pöltner, T. Grechenig","doi":"10.18178/IJTEF.2020.11.6.682","DOIUrl":"https://doi.org/10.18178/IJTEF.2020.11.6.682","url":null,"abstract":"The organic finance framework is a new tool for managing the challenges of corporate financing. This framework is especially useful for small and medium-sized enterprises in the time of a crisis, such as the COVID-19 pandemic. At its core, the framework forces a rethink of the manner in which companies initiate their financing approach. In contrast to finding potential external sources of finance, the organic finance framework starts by looking at the relevant stakeholders of the company. Alternative financing methods, such as crowdfunding and crowdinvesting, have demonstrated that companies can work with potential future customers at an early stage in the company lifecycle to finance the development of an offering. Thus, the organic finance framework presents a global structural visualisation of the corporate financing domain that can help business owners to better align the lifecycle of a company with its funding sources.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127828582","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 Social Enterprises on the Poverty Alleviation in China: Review and a Case Study","authors":"Hongtao Chen, Chenyang Zhang, J. Han, Peishi Wu","doi":"10.18178/ijtef.2020.11.5.677","DOIUrl":"https://doi.org/10.18178/ijtef.2020.11.5.677","url":null,"abstract":"Poverty is undoubtedly one of the most severe global problems for a long time and according to the United Nations, effectively eliminating poverty could be one of the most challenging issues for developing countries to achieve sustainable development in the long run. This paper would firstly give an overview of different poverty alleviation policies in different historical phases in China, with typical measurements followed. Then a brief introduction of social enterprises will be provided with various definitions from distinct policy systems and nations, followed by a case study of how social enterprises in Guizhou work to help the government with the poverty alleviation issue by providing regulation and operation benchmarks for the local entities. In the last section of the paper, policy suggestions would be provided for the Chinese government on how to support the development of social enterprises in China so that they could help more poor residents and regions to their best way.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115092555","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":"Index Forecast Study Based on Amended Weighted Markov Chain in China","authors":"Yanpeng Sun","doi":"10.18178/ijtef.2020.11.5.674","DOIUrl":"https://doi.org/10.18178/ijtef.2020.11.5.674","url":null,"abstract":"Shanghai Composite Index is one of the most representative indexes of Chinese stock market index that is the gauge of national economy and the direction to economic development, therefore, the forecast study on Shanghai Composite index is of great significance in theory and practice. Through analysis, fluctuation of the short-term Shanghai Composite Index conforms to fundamental assumption of Markov chain forecast. This paper mainly amended weighted Markov chain model to study and forecast short-term trend of Shanghai Composite Index, hoping to facilitate investors and potential investors to make investment decisions and provide reference for them.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"284 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131517171","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":"Review on the Current Status of Uneven Distribution of Education Resources in China and Its Influence on the Economic Development","authors":"Ling-en Lu, Hongtao Chen, Peishi Wu","doi":"10.18178/ijtef.2020.11.5.675","DOIUrl":"https://doi.org/10.18178/ijtef.2020.11.5.675","url":null,"abstract":"Ever since the establishment of the People’s Republic of China, the country suffered from intense poverty and stubborn unbalanced resource distribution. The central government implemented various of different policies to cope with distinct historical phases, namely relief-type poverty relief, structural reform promoted poverty relief, development-oriented poverty relief, tackling key problems in poverty relief and targeted poverty alleviation respectively. On entering the TPA era, China implemented signature measurements including health, education, resettlement, traditional industrial support etc. to better solve the poverty problem from country level to the household level specifically. This paper provides an in-depth analysis towards the background of poverty alleviation as well as the measurements accordingly in order to better elaborate the situation, leading to the detailed analysis in the uneven distribution of educational resources. Gini coefficient as well as the statistics from the official websites present more academic perspectives to better explain the possible and potential influencing factors for the unbalanced distribution of educational resources, and the probable solutions will be discussed later with more details and data sets. Reasons of how the enhance of educational resources distribution structure could stimulate the local economy will be symmetrically studied in the latter session and relevant supporting policy suggestions would be provided in order to reach the goal.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"196 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123242395","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":"Technology Service Quality and Customer Satisfaction in the Uganda’s Banking Sector","authors":"Cyrus Osinde, Jamiah Mayanja, Anthony Tibaingana","doi":"10.18178/ijtef.2020.11.5.676","DOIUrl":"https://doi.org/10.18178/ijtef.2020.11.5.676","url":null,"abstract":"Banking industry has transformed and technologies are being extensively used to ease customers banking needs. Despite its attractiveness, customer satisfaction towards technology banking service quality has become an issue among the banks in Uganda. Therefore, this study is aimed at assessing the impact of technology service quality on customer satisfaction in Pride microfinance limited. The research adopts a quantitative research design focusing on a single case study. Data were collected via self-administered questionnaire from a random sample of 384 customers drawn from the population of customers from selected branches using technology banking service. The questionnaire covered five dimensions of service quality namely; efficiency reliability, responsiveness, fulfillment, security. The findings indicate that technology service quality has positive and direct effect on customer satisfaction. The results of this study indicate that the dimension of fulfillment has the greatest impact on customer satisfaction. Among the dimensions of technology service quality, two dimensions, responsiveness and security did not have significant impact on customer satisfaction. Banking institutions should use service quality dimensions to evaluate technology delivered services to ensure customer satisfaction, which is a sources of competitive advantage given, that all financial institutions almost deal in similar products and services.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116734596","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":"A Sustainability Overview of the Supply Chain Management in Textile Industry","authors":"J. C. Negrete, Valentina Lopez","doi":"10.18178/ijtef.2020.11.5.673","DOIUrl":"https://doi.org/10.18178/ijtef.2020.11.5.673","url":null,"abstract":"The objective of this paper is to identify the general panorama of sustainability in textile industry, and an overview of sustainable practices in supply chain management (SCM) in fashion sector. This study was developed through global literature review of both aspects mentioned above. Between the findings of this paper, it is important to mention that companies and consumers in textile industry must adopt sustainable practices (both are responsible that the textile sector is the second most polluting industry in the world), it is urgent to develop new technology and changing business model strategies inside the industry; and companies should stablish a common assessing method on sustainability in the sector.","PeriodicalId":243294,"journal":{"name":"International journal trade, economics and finance","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129805313","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}