{"title":"Private Saving in Ghana: The Combined Efforts of Financial Development, Interest Rates, and Inflation","authors":"Samuel Erasmus Alnaa, Juabin Matey","doi":"10.37231/jmtp.2022.3.2.238","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.2.238","url":null,"abstract":"Understanding private saving behaviour of the citizenry is crucial for informed policy decisions in an economy. The reason is not far-fetched; economies gain sustained growth from investment through saving. However, it does appear much of the available literature is on aggregate private savings rather than on private saving behaviour. This study updates the literature by looking at the combined effects of financial development, interest rate and inflation on private saving behaviour among Ghanaians. Data for the study were obtained from the World Bank Development Indicators between 1980 and 2019. We employed Johansen Cointegration Test; attempts are made to ascertain the existence of a long-run relationship among variables using the Vector Autoregressive (VAR) Model. The study confirms a significant positive relationship between private saving behaviour and financial sector development. This partly explains the relevance of deepening the financial sector through reductions in costs of performing transactions and initiating contracts to encourage private saving through improved propensity to save by the old and to rake in new entrants. A reliance on macroeconomic variables to forecast the behaviour of private saving enjoins policy decision makers to consider the implications of their decisions for private saving. Among the recommendations are, lower borrowing costs across the economy, resulting in increased investment and consumption spending, and hence economic recovery only in times of stagnation.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117300443","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":"Do age and size of companies affect female directors on boardrooms?","authors":"Adamu Idris Adamu, Usman Adamu Abubakar, Abdulateef Yunusa","doi":"10.37231/jmtp.2022.3.2.240","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.2.240","url":null,"abstract":"Gender diversity on boards is one of the attributes of good corporate governance practices. Male directors over the years have continued to dominate boards of corporate bodies. Our study is aimed at exploring the impact of older and matured companies on female directors on the boards. The study employs data of companies listed on the main floor of the Nigerian Stock Market from 2012-2016. The study segregated the sampling period into pre and post mandatory periods of the SEC code. Findings from the study revealed that throughout the periods, age of company is positive and significant. In the pre mandatory period, size of company is negatively significant. During the post mandatory and the entire sample period, size of company was found to be positively associated with female directors. This implies that fear of greater liabilities from the oversight body and public outrage have encouraged larger companies to have divergent boards in terms of gender.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134503924","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 Sharia Compliance, Service Quality, Customer Trust, and Customer Satisfaction on Customer Loyalty of Islamic Rural Bank Customers in Indonesia","authors":"Edi Santoso, Rashidah Binti, M. Ibrahim","doi":"10.37231/jmtp.2022.3.2.218","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.2.218","url":null,"abstract":"This study examines the effect of sharia compliance, service quality, customer trust and customer satisfaction towards customer loyalty on the customers of the Islamic People's Financing Bank in Central and East Java provinces in Indonesia. A total of 390 financing customers of Islamic Rural Banks (IRBs) were taken as samples using the cluster random sampling method. The analysis was performed using a factor-based structural equation model. The findings of this study have revealed that sharia compliance, service quality, customer trust and customer satisfaction have significant and direct effects on customer loyalty. The management of IRBs must take proactive actions in managing the Islamic banking transactions since sharia compliance, service quality, customer trust and customer satisfaction are vital determinants of the loyalty of IRBs customers in Indonesia.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114793797","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}
Q. Nasidi, Muhamad Fazil Ahmad, Adama Adamu, Almansur Ado Sani
{"title":"Exploratory Factor Analysis of Advertising and Perceived Usefulness in the Context of Online Shopping","authors":"Q. Nasidi, Muhamad Fazil Ahmad, Adama Adamu, Almansur Ado Sani","doi":"10.37231/jmtp.2022.3.2.223","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.2.223","url":null,"abstract":"Exploratory factor analysis is a multivariate statistical approach used to create and validate questionnaire items. This research was designed and certified the instrument of advertising and perceived usefulness through exploratory factor analysis, and it is an application in the context of online shopping behaviour. The study examines two constructs: advertising (ADV) and perceived usefulness (PU). One hundred (100) respondents were selected through a simple random sampling procedure to participate and fill out the questionnaire. Based on the reliability test, this study set an instrument of ten items to develop the construct of advertising, while nine items were designed to construct perceived usefulness. The procedures for carrying out EFA for the two constructs are described in detail. Finally, future researchers can use the items by applying the instrument in different research fields.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129577228","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}
Zam Zuriyati Mohamad, Juliana Abu Bakar, Sharmeela Banu Syed, A. Thahir, Hatijah Mohd Salleh, Khairunnisa Ishak, Abdul Rahman
{"title":"Pandemic to Endemic: A Review of Key Enablers of Small Medium Enterprise Resilience","authors":"Zam Zuriyati Mohamad, Juliana Abu Bakar, Sharmeela Banu Syed, A. Thahir, Hatijah Mohd Salleh, Khairunnisa Ishak, Abdul Rahman","doi":"10.37231/jmtp.2022.3.2.222","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.2.222","url":null,"abstract":"The existence of various COVID-19 variants from Delta to Omicron has led to speculation that the spreading of the virus will continue; hence, the endless battle to fight it persists. The uncertainties in its progress from pandemic to endemic, renders it necessary to understand the applied mitigation and adaptation strategies amongst SMEs to build their future resilience as they are vulnerable and have limited resources. This study aims to develop a conceptual framework of the key enablers of SMEs’ resilience during the pandemic. Specifically, these enablers will be examined from the point of view of strategies and capabilities. A reviewed research articles from the Scopus database has been conducted focusing on selected keywords in 2020 and 2021. The findings reveal that financial resources, government support, embracing digital technologies and changing business approach are the key enablers for SMEs’ resilience. This study further provides a unique snapshot of business decisions and expectations particularly during this pandemic. It is suggested for the policy makers to consider designing recovery aids as they contemplate the scale of the required interventions. Significantly, this study also explores and provides deep understanding on the survival strategies; adaptive strategies and dynamic capabilities of SMEs during the pandemic and most importantly it directs and points out their path, present and in the future.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121457413","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}
Mohammad Rifat Rahman, Md. Mufidur Rahman, Athkia Subat
{"title":"Assessment of Performance of Mutual Funds Listed in Dhaka Stock Exchange","authors":"Mohammad Rifat Rahman, Md. Mufidur Rahman, Athkia Subat","doi":"10.37231/jmtp.2022.3.1.167","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.1.167","url":null,"abstract":"This paper aims to investigate the Mutual Fund industry's performance in Bangladesh, considering the close-end mutual funds of 32 listed funds in the Dhaka Stock Exchange, Bangladesh. The study employed unbalanced panel data analysis throughout 2014 to 2019. By using an error-corrected panel data regression model with an attempt to investigate the performance of mutual funds considering several fundamental factors such as Return on Assets, Earning per unit, Fund Size, Fund Age, Dividend payout ratio, Net Asset Growth and Management Fees, etc. After correcting autoregressive disturbance, the RE GLS regression model is selected to describe this panel data analysis. It demonstrates a significant positive connection between earning per unit and return on assets. The study identifies a significant negative relationship with fund age and asset growth in response to the change of return on assets. It also concludes there is no significant predictive power among the fund size, dividend payout ratio, management fees with return on assets while defining mutual fund performance. The study fills the gap by investigating the significant relationship of these following variables with the fundamental performance indicator. Findings of the empirical analysis suggest that the investors should pay close attention to earnings, fund age and assets growth while selecting mutual funds for investment. It is noticed that the company generally tends to pay lower dividend when the performance and profitability starts decrease. Policy makers should also pay attention to defining the downward characteristics of asset growth and dividend payout compared to the basic profitability ratios.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125495680","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":"Unlocking the Relationships between Emotional Intelligence and Group Cohesion in South Asia","authors":"Mohona Biswas, Zahurul Alam","doi":"10.37231/jmtp.2022.3.1.178","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.1.178","url":null,"abstract":"Emotional intelligence may be a powerful motivator of group cohesion in an organization as emotional intelligence could foster group performance through extending group cohesion. Present examination strives to recognize the associations among the dimensions of emotional intelligence and group cohesion. The convenience sampling technique was embraced to obtain data from respondents performing in different organizations like merchandising, manufacturing, financial, services, and others in Bangladesh through survey questionnaires. We employed an Emotional Quotient Index and a Group Cohesiveness Scale for assessing representatives' emotional intelligence and group cohesion respectively. Finally, 412 usable reactions were recognized which were subsequently investigated through descriptive statistics, Pearson correlation, and regression analysis. The outcomes uncovered that each dimension of emotional intelligence was positively link to group cohesion (self-awareness (r=.57, p<.001) (moderate correlation), self-regulation (r=.70, p<.001) (strong correlation), motivation (r =.67, p<.001) (strong correlation), empathy (r =.68, p< .001) (strong correlation), and social skills (r =.64, p<.001) (strong correlation). Regression analysis additionally unveiled that all parts of emotional intelligence explained 52% of variances in group cohesiveness. These exclusive findings will stimulate researchers, business experts, and employees of different organizations to install emotional impotence to encourage group cohesion among group members, thereby, contributing to superior group performance in the work environment. The constraint of our investigation was the usage of the purposive sampling technique rather than random sampling. Besides, future research directions are talked about in this exploration.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127201612","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}
Wan Noor Ezureen Wan Mohd Zawawi, Fauzilah Salleh, Ahmad Firdause Md Fadzil
{"title":"Theories and Perspectives of Takaful: Context of Salesperson","authors":"Wan Noor Ezureen Wan Mohd Zawawi, Fauzilah Salleh, Ahmad Firdause Md Fadzil","doi":"10.37231/jmtp.2022.3.1.179","DOIUrl":"https://doi.org/10.37231/jmtp.2022.3.1.179","url":null,"abstract":"Takaful salespersons are prominent actors in the Takaful industry, whereby most Takaful operators necessitate salespersons to represent them by promoting the products and services to the society. Indisputable, a prompt number of researches regarding Takaful is mounting in the recent decades. Hence, this study obtained a phenomenon of Takaful salespeople with a comprehensive overview to close the gaps in conceptualization and theoretical viewpoint. The researcher discoursed a systematic review of 1660 papers covered from year 2011 to 2021 in different disciplines to better understand the comprehensive Takaful salespersons' phenomenon. This study will contribute to fostering the corpus of knowledge among scholars, academician and practitioners to fathom regarding Takaful conceptualization. Regardless of the established theories, a multidimensional theoretical perspective must be clarified to develop a systematic model for Takaful salespeople. Thus, the future path is advised to capitalize on the potential in this field of study.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127158705","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 Nexus of Selected Macroeconomic Variables toward Foreign Direct Investment: Evidence from Indonesia","authors":"Noriswadi Ismail, Suraya Ismail","doi":"10.37231/jmtp.2021.2.4.184","DOIUrl":"https://doi.org/10.37231/jmtp.2021.2.4.184","url":null,"abstract":"Foreign direct investment (FDI) inflows are a major instrument of economic growth in developing countries. Indonesia is one of the developing countries that has received more FDI with macroeconomic stability. The macroeconomic stability indicator is seen as an important factor in driving economic growth and attracting FDI inflows in Indonesia. Therefore, this study examines the relationship of selected macroeconomic variables toward the FDI in Indonesia over the period 1980-2019. Using Autoregressive Distributed Lag (ARDL), the empirical results showed that market size, domestic investment, government spending and foreign exchange rate are key factors influencing long-run FDI inflows. However, financial development revealed no relationship with FDI inflows in Indonesia. Overall findings indicated that macroeconomic variables influence FDI inflows. These findings guided policymakers in formulating new policies to ensure macroeconomic indicators' stability in driving economic growth.","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129598212","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":"Examining the Factors Impacting Consumer Online Purchasing Behavior During COVID-19 in Klang Valley","authors":"I. Chew, Vincent Wee Eng Kim","doi":"10.37231/jmtp.2021.2.4.156","DOIUrl":"https://doi.org/10.37231/jmtp.2021.2.4.156","url":null,"abstract":"The initial appearance of Covid-19 has changed the lives of billions of people in the world and has disrupted consumers purchasing behavior whether online or offline shopping. The internet has given consumer empowerment where online shopping has been adopted by consumers globally. Customers can stay at home and shop with payment and get home delivery. This research aims to examine the factors impacting consumer online purchasing behavior in the retail business environment during Covid-19 in Klang Valley. This study focuses on five variables which are attitude, trustworthiness, security and safety, loyalty and marketing information and how these variables impact consumer online purchasing behavior during crisis period utilizing the Reasoned Action Approach Theory and Technology Acceptance Model Theory. The proposed research is designed based on quantitative model utilizing a questionnaire survey with a sample size of 405 online respondents. The result can provide knowledge about consumer online purchasing behavior and all five variables are supporting the research findings especially marketing information on the website topping the list of the variables. Managerial and theoretical implications are important for businesses to adopt online channels and expand globally using the available technology especially social media channels. The research presents several considerations towards consumer online purchasing behavior and future research should study other variables using different methodologies such as exploratory nature with interviews to understand the consumer behavior as consumer behave differently in different circumstances during pandemic. ","PeriodicalId":257541,"journal":{"name":"The Journal of Management Theory and Practice (JMTP)","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133823235","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}