International Journal of Economics and Financial Issues最新文献

Tax Revenue, Capital Market Performance and Foreign Direct Investment in an Emerging Economy 新兴经济体的税收、资本市场表现和外商直接投资

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16043

Osevwe-Okoroyibo Elizabeth Eloho, A. O. Emmanuel, A. Dabor, E. L. Dabor

{"title":"Tax Revenue, Capital Market Performance and Foreign Direct Investment in an Emerging Economy","authors":"Osevwe-Okoroyibo Elizabeth Eloho, A. O. Emmanuel, A. Dabor, E. L. Dabor","doi":"10.32479/ijefi.16043","DOIUrl":"https://doi.org/10.32479/ijefi.16043","url":null,"abstract":"The study examines tax revenue, capital market performance and foreign direct investment (FDI) in Nigeria. The broad objective of this study is to find out the relationship between tax revenue, capital market performance and FDI in Nigeria. The study adopted a longitudinal research design and covers a period of 1994-2021. Secondary data were obtained from annual report and bulletins of the Central Bank of Nigeria. This study employed the ADF and Philips-Perron (PP) unit root test, panel Johansen cointegration test, VAR model, dynamic ordinary least square regression, full modified ordinary least regression and pairwise granger. The findings amongst others revealed that; value added tax has a bidirectional relationship with foreign direct investment in Nigeria; company income tax has no significant relationship with foreign direct investment in Nigeria; custom and exercise duty has a unidirectional relationship with foreign direct investment in Nigeria; stock market capitalization has no significant relationship with foreign direct investment in Nigeria. Based on the findings, the study recommended amongst others that policy makers should concentrate effort on long run policies that will stimulate capital market development in Nigeria, Also, a healthier and more robust friendly foreign investment policies should be created and maintained and the government should partners with foreign investors to enhance capital market development in Nigeria. ","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141681380","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: 1

Digital Innovations in the Fiscal Policy of Ukraine: Promoting Sustainable Economic Development 乌克兰财政政策中的数字创新：促进可持续经济发展

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16202

Olena Lukianykhina, Svitlana Suprunenko, Alla Slavkova, O. Skorba, Kostiantyn Zavrazhnyi

{"title":"Digital Innovations in the Fiscal Policy of Ukraine: Promoting Sustainable Economic Development","authors":"Olena Lukianykhina, Svitlana Suprunenko, Alla Slavkova, O. Skorba, Kostiantyn Zavrazhnyi","doi":"10.32479/ijefi.16202","DOIUrl":"https://doi.org/10.32479/ijefi.16202","url":null,"abstract":"This study critically examines the nexus between tax legislation and digital innovation in Ukraine, focusing on the alignment of fiscal policy with the digital economy's growth. It analyzes the implications of Ukraine's tax reforms, including the Law \"On Stimulating the Development of the Digital Economy in Ukraine,\" commonly referred to as the Diia City initiative, for promoting a robust digital economy. This research evaluates the effectiveness of these reforms in fostering digital advancements and their impact on sustainable economic development. Employing a comprehensive multidisciplinary approach, it researches into the theoretical and practical aspects of tax policies, particularly those targeting the digital sector. The findings suggest Ukraine's strategic positioning for leveraging digital innovation, underpinned by legislative reforms such as amendments to the Tax Code of Ukraine that cater to the IT industry through specific tax regulations through a conducive fiscal environment. This paper highlights the transformative potential of digital innovations and the critical need for tax legislation to evolve in tandem with technological advancements. Recommendations for ensuring the sustained success of Ukraine's digital and economic reform efforts emphasize the importance of addressing existing obstacles and perpetually refining fiscal policies.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683845","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

Enhancing Operational Risk Management in the Mauritian Banking Sector: A Structured Approach 加强毛里求斯银行业的运营风险管理：结构化方法

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16153

Lovena Ramdani, Sharanam Abbana, Ferina Marimuthu

{"title":"Enhancing Operational Risk Management in the Mauritian Banking Sector: A Structured Approach","authors":"Lovena Ramdani, Sharanam Abbana, Ferina Marimuthu","doi":"10.32479/ijefi.16153","DOIUrl":"https://doi.org/10.32479/ijefi.16153","url":null,"abstract":"The purpose of this study aims to improve risk control, mitigation, and interbank risk comparison by advocating for Mauritian banks to adopt a standardised operational risk definition. The study suggests improving operational risk reduction or hedging, encouraging openness in risk management capabilities, and standardising risk assessment methods in accordance with Bank of Mauritius requirements. The study also recommends that banks create operational risk management committees to supervise risk control and mitigation initiatives. These committees should be composed of experienced personnel who are well-versed in the consequences of operational risk in the banking industry. Using a mixed-method approach, insights are obtained from various banks operating in Mauritius, with data acquired from a substantial sample of 150 participants. Targeting Mauritian bankers, questionnaires were distributed across reputable banks, and data were meticulously collected and analysed. The findings highlight contemporary concerns regarding economic well-being and the security of assets held by banks. It is recommended to implement changes on a modest scale initially, subject to close monitoring over a specified period, with the possibility of gradual expansion if successful outcomes ensue. In conclusion, this research is significant due to the limited exploration into operational risk management within the Mauritian context.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683106","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

Beyond Intuition: The Role of Financial Knowledge in Navigating Investments in Emerging Markets 超越直觉：金融知识在新兴市场投资中的作用

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16496

N. Chowdhury, Nurul Shahnaz Mahdzan, Mahfuzur Rahman

{"title":"Beyond Intuition: The Role of Financial Knowledge in Navigating Investments in Emerging Markets","authors":"N. Chowdhury, Nurul Shahnaz Mahdzan, Mahfuzur Rahman","doi":"10.32479/ijefi.16496","DOIUrl":"https://doi.org/10.32479/ijefi.16496","url":null,"abstract":"Over the last century, global stock markets have crashed multiple times, leading to bankruptcy and unemployment and making individuals highly cautious about investing. Hence, individual investors in developing markets are highly prone to behavioural biases in their investment decisions, which influence their investment experience. The objective of this study is to examine the relationships between behavioural factors and investment experience, as well as the moderating effect of financial knowledge on individual investors in Bangladesh. Data was analysed using the partial least squares structural equation modelling (PLS-SEM) technique. The results revealed that behavioural factors such as anchoring, gambler’s fallacy, social interaction, and locus of control significantly influenced individual investors’ investment experiences. Moreover, financial knowledge had a moderating effect on these relationships. The study has important implications for investors, as it highlights the potential pitfalls of behavioural factors and the importance of financial knowledge in investors’ investment experience. The study’s findings imply that the government should develop new market opportunities through innovative products and take the necessary steps to incorporate regulations that will offer investors a better market experience. ","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683691","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

Fundamentals of Targeted Integrative Program Development for Rural Labor Market Growth in Surplus Regions 为促进过剩地区农村劳动力市场增长而制定有针对性的综合计划的基本原理

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16530

K. S. Rakhmatovich

{"title":"Fundamentals of Targeted Integrative Program Development for Rural Labor Market Growth in Surplus Regions","authors":"K. S. Rakhmatovich","doi":"10.32479/ijefi.16530","DOIUrl":"https://doi.org/10.32479/ijefi.16530","url":null,"abstract":"This article introduces a systematic approach for developing a targeted comprehensive program aimed at enhancing the rural labor market (TCPDRLM) in labor-surplus regions of the Republic of Uzbekistan, within a socially oriented market economy. The paper outlines key interconnected principles for the development of TCPDRLM, including target orientation, complexity, integration, specificity, variability, realism, optimality, priority, delineation of powers and functions, limitations, targeting, controllability, and interconnectedness. Based on these principles, the article proposes interrelated sections for the program’s development, covering analytical and problematic aspects, target delineation, scientific and methodological frameworks, information management, modeling, software development, resource allocation, organizational and economic structuring, summary formulation, and legal considerations. Additionally, the article details the primary stages of TCPDRLM development, including setting objectives for the rural labor market (RLM), developing methodological and modeling frameworks for RLM analysis and forecasting, collecting statistical, marketing, and sociological data, compiling the TCPDRLM subprograms, obtaining approval for the RLM development program, and establishing organizational, economic, and legal mechanisms for program implementation and adjustment. The article's scientific contribution lies in the formulated methodology for TCPDRLM development in the rural labor market.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683481","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

Empowering Nueva Ecija’s Farmers through Microfinancing: A Blueprint for Enhancing Financial Literacy and Agricultural Resilience 通过小额信贷增强新怡诗夏省农民的能力：提高金融知识水平和农业复原力的蓝图

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16330

Jennifer G Fronda

{"title":"Empowering Nueva Ecija’s Farmers through Microfinancing: A Blueprint for Enhancing Financial Literacy and Agricultural Resilience","authors":"Jennifer G Fronda","doi":"10.32479/ijefi.16330","DOIUrl":"https://doi.org/10.32479/ijefi.16330","url":null,"abstract":"This study examines the impact of microfinancing on the livelihoods of farmers in Nueva Ecija, Philippines, with the ultimate goal of formulating a comprehensive financial literacy plan. By analyzing the profile, status, and future prospects of these farmers, the research highlights how microfinance is utilized as a critical tool for economic stability and growth within the agricultural sector. The study identifies significant barriers to accessing microfinancing, including stringent loan conditions and the seasonal uncertainties of farming, which often hinder timely loan repayments and financial planning. Findings suggest that while microfinance has the potential to substantially improve farmers' economic conditions, its effectiveness is currently limited by a lack of financial literacy, inadequate loan flexibility, and insufficient alignment with the specific needs of farmers. As a result, many farmers experience challenges in securing and managing microfinance, thereby affecting their productivity and economic resilience. In response, targeted interventions are proposed to enhance the financial literacy of farmers, coupled with recommendations for microfinance institutions to adapt their products and services to better meet the needs of the agricultural sector. These initiatives aim to empower farmers with the necessary skills and resources to optimize their financial decisions and improve their livelihoods sustainably. The study underscores the need for a collaborative approach involving government bodies, educational institutions, and financial organizations to foster a supportive ecosystem that enhances the viability and sustainability of farming communities in Nueva Ecija.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141680889","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

Human Resource Management Factors in Financial Analysis of Securities Companies 证券公司财务分析中的人力资源管理因素

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16348

Nguyen Thi Mo, Cao Minh Tien, Tran Thi Lan Anh, Tran Van Hai

{"title":"Human Resource Management Factors in Financial Analysis of Securities Companies","authors":"Nguyen Thi Mo, Cao Minh Tien, Tran Thi Lan Anh, Tran Van Hai","doi":"10.32479/ijefi.16348","DOIUrl":"https://doi.org/10.32479/ijefi.16348","url":null,"abstract":"The outcomes of financial analysis serve as the basis for crucial decision-making in business operations. However, many small-scale securities companies tend to overlook this aspect. This study aims to investigate the relationship between financial analysis activities and business outcomes of small-scale securities companies in Vietnam. Data were collected from 92 respondents working in 27 small-scale securities companies (with owner equity of less than 250 billion Vietnamese Dong), holding positions such as management (directors, assistant directors, financial directors, chief accountants) and staff (financial and accounting personnel) involved in financial and accounting operations of Vietnamese securities companies. Sampling was conducted selectively from September 2023 to December 2023. Utilizing quantitative research, the Partial Least Squares Structural Equation Modeling (PLS-SEM) method was employed using SPSS 20 and AMOS 20 software. Results indicate that Financial Analysis Method (MAF) and Financial Analysis Content (variable FAC) positively influence financial analysis activities of small securities companies. Recommendations to enhance securities companies' business outcomes include (i) employing the EVA technique in financial analysis, (ii) improving management capabilities in financial report analysis, (iii) enhancing the skills of accounting and financial staff, and (iv) applying and operating professional ethical principles.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141682525","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

Free Trade Agreements and Inequality: The Prospect for the UK Post-Brexit 自由贸易协定与不平等：英国脱欧后的前景

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.15443

Osama Alfalah, Mohammad Ali, Abdullah Alhammadi

引用次数: 0

Financial Literacy, Financial Education and Financial Experience: Conceptual Framework 金融扫盲、金融教育和金融经验：概念框架

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.15627

Nancy Neoyame Chabaefe, A. Qutieshat

{"title":"Financial Literacy, Financial Education and Financial Experience: Conceptual Framework","authors":"Nancy Neoyame Chabaefe, A. Qutieshat","doi":"10.32479/ijefi.15627","DOIUrl":"https://doi.org/10.32479/ijefi.15627","url":null,"abstract":"Low levels of financial literacy continue to persist around the world with women, the poor, lowly educated groups and the youth possessing the least levels of financial literacy. Research has shown that both financial education and financial experience can help boost levels of financial literacy. Despite this, there remains no conceptual framework that shows how financial education and financial experience can be used to boost levels of financial literacy. The purpose of this study is to propose a conceptual framework that links financial literacy, financial education, and financial experience. This paper is based on a literature review of journals on financial literacy, financial education, and financial experience that were published on both Google Scholar, Semantic Scholar, and Scopus from 2018 to 2023. Variables that emerged from the literature review were used to construct a conceptual framework. The findings of this study reveal that financial education and financial experience can be used to enhance financial literacy levels. Thus, it can be concluded that both financial education and financial experience can help to improve levels of financial literacy among individuals and various groups.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141681753","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

Effects of Corruption, Government Effectiveness and Political stability on Economic Growth: Evidence from Morocco 腐败、政府效率和政治稳定对经济增长的影响：摩洛哥的证据

International Journal of Economics and Financial Issues Pub Date : 2024-07-03 DOI: 10.32479/ijefi.16225

Oussama Ritahi, Abdellah Echaoui

引用次数: 0