International Journal of Economics and Financial Issues最新文献_第6页

The Implication of Political Risk and Specific Macroeconomic Variables on Total Revenue in Tourism Industry 政治风险和特定宏观经济变量对旅游业总收入的影响

International Journal of Economics and Financial Issues Pub Date : 2024-05-14 DOI: 10.32479/ijefi.16014

T. Habanabakize, Lerato Mothibi

{"title":"The Implication of Political Risk and Specific Macroeconomic Variables on Total Revenue in Tourism Industry","authors":"T. Habanabakize, Lerato Mothibi","doi":"10.32479/ijefi.16014","DOIUrl":"https://doi.org/10.32479/ijefi.16014","url":null,"abstract":"Political risk is one factor that influences tourism performance as a tourist is more sensitive to the hosting country’s political environment. In addition, to the effect of country risk on the tourism industry, the global economy has recently experienced severe shocks due to high inflation rates, political risk, and currency volatility. This paper aims to investigate the implications of political risk, inflation, and exchange rate volatilities on tourism revenue in South Africa. A sample of 144 monthly data was used to assess both long-run and short-run relationships amongst the study variables using the ARDL cointegration and error correction model approaches to achieve the study objective. Results indicated that political risk, inflation rate, and exchange rate volatility influence long-term revenue changes in the tourism industry. In contrast, real effective exchange rates and inflation significantly impact total revenue in the tourism sector. The findings also indicated that political risk has no short-term effect on tourism revenue. Based on these findings, the study recommends that the country's political stability increase, increasing the number of tourist arrivals and resulting in growing revenue for the tourism industry in S.A. Additionally, the South African reserve bank should revise its exchange-rate pegging, monetary targeting, and inflation targeting to reduce the effects of inflation on tourism revenue.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":"36 46","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140980032","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

Islamic Stock Indices and COVID-19: Evidence from Indonesia 伊斯兰股票指数和 COVID-19：印度尼西亚的证据

International Journal of Economics and Financial Issues Pub Date : 2024-05-14 DOI: 10.32479/ijefi.15942

Selamet Herman Cipto, Endri Endri, Yono Haryono, Dhanang Hartanto

{"title":"Islamic Stock Indices and COVID-19: Evidence from Indonesia","authors":"Selamet Herman Cipto, Endri Endri, Yono Haryono, Dhanang Hartanto","doi":"10.32479/ijefi.15942","DOIUrl":"https://doi.org/10.32479/ijefi.15942","url":null,"abstract":"The COVID-19 pandemic has paralyzed the economy, affected human health, and claimed human lives in the world. This deadly virus is rapidly affecting every aspect of life in all countries. Almost every area of life, from economics to politics, society to culture, has been affected by the COVID-19 pandemic; of course, this impact cannot be separated from the Sharia stocks sub-sector in Indonesia. This study aims to analyze and test the effects of COVID-19 on the response of Islamic stocks. Moreover, to see the difference between the Jakarta Islamic Index (JII) sharia stocks and the Composite Stock Price Index (IHSG) in observations before COVID-19 and after COVID-19. This event study research aims to see the differences between the Jakarta Islamic Index (JII) sharia stocks and the Jakarta Composite Index (IHSG) in observations before COVID-19 and observations after COVID-19. The data used in this study is secondary data already available and obtained from the Indonesia Stock Exchange (IDX). The results of this study show a significant influence on stock prices before and after the announcement of COVID-19 in Indonesia on the Jakarta Islamic Index (JII). There is no significant effect on stock returns before and after the announcement of COVID-19 in Indonesia on the Jakarta Islamic Index (JII). There is no significant effect on abnormal returns before and after the announcement of COVID-19 in Indonesia on the Jakarta Islamic Index (JII). There was a significant influence on stock trading volume before and after the announcement of COVID-19 in Indonesia on the Jakarta Islamic Index (JII).","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":"36 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140979782","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

Assessing the Impact of M&As’ Motives Influencing the M&A Decision Making Process in the UAE Banking Sector 评估并购动机对阿联酋银行业并购决策过程的影响

International Journal of Economics and Financial Issues Pub Date : 2024-05-14 DOI: 10.32479/ijefi.16332

Ahmad M Lootah, Hussein A. Hassan Al Tamimi, Panagiotis D. Zervopoulos

引用次数: 0

The Impact of Political Involvement on Firms’ Financial Performance 政治参与对企业财务绩效的影响

International Journal of Economics and Financial Issues Pub Date : 2024-05-14 DOI: 10.32479/ijefi.16021

R. K. Shira

引用次数: 0

Unveiling Interconnectedness and Volatility Transmission: A Novel GARCH Analysis of Leading Global Cryptocurrencies 揭示相互关联性和波动性传递：全球主要加密货币的新型 GARCH 分析

International Journal of Economics and Financial Issues Pub Date : 2024-05-14 DOI: 10.32479/ijefi.14884

S. Kushwah, Shab Hundal, Payal Goel

{"title":"Unveiling Interconnectedness and Volatility Transmission: A Novel GARCH Analysis of Leading Global Cryptocurrencies","authors":"S. Kushwah, Shab Hundal, Payal Goel","doi":"10.32479/ijefi.14884","DOIUrl":"https://doi.org/10.32479/ijefi.14884","url":null,"abstract":"The cryptocurrency industry has grown erratically and at an alarming pace during its brief life. It has received massive attention from the practitioners, academicians, and especially media since Bitcoin was introduced in 2009. The current paper investigates the volatility dynamics of five major cryptocurrencies, namely Bitcoin, Ethereum, Litecoin, DASH and Ripple’s XRP. It discloses the impact of volatility in the prices of other cryptocurrencies on the Bitcoin’s price volatility. The time series of all the cryptocurrencies prices for the period 2016 to 2022 are considered and preliminary analysis highlights that there exists conditional volatility in all the cryptocurrencies which allows us to use the family of GARCH model. The research findings reveal the significant effect of asymmetric past shocks on the current volatility of Bitcoins. Further, the volatility of remaining virtual currencies are also significantly affecting the Bitcoin’s current volatility. Therefore, the present study unveils the absence of diversification benefits in the market of virtual assets as significant effect of price volatility of other digital coins has been found on the price volatility of Bitcoins. The practical implication of our study is that the findings offer new information for investors and portfolio managers, who are attracted to invest in or hedging strategies in cryptocurrencies.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":"23 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140979796","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

Income Contribution of Backyard Gardening and its Association with Household Food Security: A Case Study in an Urban Setting 后院园艺的收入贡献及其与家庭粮食安全的关系：城市环境中的案例研究

International Journal of Economics and Financial Issues Pub Date : 2024-05-14 DOI: 10.32479/ijefi.15812

Thabang R. Aphane, C. Muchopa

引用次数: 0

The Role of Corporate Social Responsibility, Ownership Structure, and Gender Diversity in Firm Performance 企业社会责任、所有权结构和性别多样性在企业绩效中的作用

International Journal of Economics and Financial Issues Pub Date : 2024-03-18 DOI: 10.32479/ijefi.15880

S. Alawi

{"title":"The Role of Corporate Social Responsibility, Ownership Structure, and Gender Diversity in Firm Performance","authors":"S. Alawi","doi":"10.32479/ijefi.15880","DOIUrl":"https://doi.org/10.32479/ijefi.15880","url":null,"abstract":"Corporate social responsibility (CSR) is now at the heart of corporate sustainability, and as such should have a significant impact on firm performance. However, the ownership structure (OS) is one element in the inner functioning of corporate governance (CG). Further, diversity by gender is one of the variables affecting FP. This paper examines the impact of CSR, ownership structure and gender diversity on FP. That is, we use panel data from non-financial firms in South Asian economies. Data for the years 2010-2022 are drawn from players 'DataStream. We use fixed effect, GMM (generalized method of moments) analysis and propensity score matching to study the data. However, we discover CSR and ownership concentration as well as institutional ownership and gender diversity have positive impacts on FP. study provides the policy implications for both investors and firms. As FP increases with more CSR activities, investors prefer to invest in firms that are more socially connected. Firms should provide more chances to the women on the board to improve performance. Further, ownership structure helps to overcome agency costs, therefore, investors are more attracted to provide funds to the firms that have a higher share of concentrated and institutional ownership.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140232827","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

Demographic and Sociocultural Determinants of Financial Literacy in South Africa 南非金融知识的人口和社会文化决定因素

International Journal of Economics and Financial Issues Pub Date : 2024-03-18 DOI: 10.32479/ijefi.15441

M. D. Preez, SJ Ferreira-Schenk

{"title":"Demographic and Sociocultural Determinants of Financial Literacy in South Africa","authors":"M. D. Preez, SJ Ferreira-Schenk","doi":"10.32479/ijefi.15441","DOIUrl":"https://doi.org/10.32479/ijefi.15441","url":null,"abstract":"Financial literacy is rapidly becoming more important as financial markets continue to evolve and new and more complex financial products are introduced. This study investigates the relationship between demographic and sociocultural variables and the level of financial literacy of individual investors in South Africa. This study is significant as it provides policymakers with target areas to provide incentives towards financial education programmes. Secondary data were obtained from a private domain where a private investment company collected primary data using an electronic quantitative survey. The sample consisted of 1, 059 individual investors. The study found that people over 50 years of age, men, whites, people with common-law spouses, and people who owned homes without a mortgage payment reported the highest degree of financial and investment knowledge. Groups that reported a low degree of financial and investment knowledge were individuals between the ages of 35 and 49, females, coloureds, divorced individuals, and individuals living with relatives. Health status and education were positively correlated with the financial and investment knowledge of individual investors. Policymakers should aim to target the groups identified by the study that show a low degree of financial literacy with financial education to promote wealth creation, which could benefit the economy by promoting investment and economic participation while simultaneously trying to address structural issues such as poverty and inequality.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":"44 33","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140231483","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 Mortgage Rates on Mortgage Refinancing 抵押贷款利率对抵押贷款再融资的影响

International Journal of Economics and Financial Issues Pub Date : 2024-03-18 DOI: 10.32479/ijefi.15335

C. Ngwakwe

{"title":"The Impact of Mortgage Rates on Mortgage Refinancing","authors":"C. Ngwakwe","doi":"10.32479/ijefi.15335","DOIUrl":"https://doi.org/10.32479/ijefi.15335","url":null,"abstract":"Mortgages loans are vital for the acquisition of housing property and mortgage lending rates play an important role in mortgage market trends, borrowers, and lenders’ decisions. Objective: the aim of this paper is to evaluate the combined effect of current and previous mortgage rates on mortgage refinancing. Prior work: the paper inclines on the ontology of a single reality of the interaction between mortgage rates and mortgage refinancing with attendant epistemology that their interaction is measurable. Method: the paper adopts the positivist paradigm and a quantitative technique. It used data on the U.S. Mortgage Bankers Association (MBA) retrieved from the economic and financial database of Fusion Media. Data were analysed using the OLS technique. Novel Findings show that current-actual and previous mortgage rates have a significant positive effect on mortgage refinancing at p=0.05 and p=0.04 respectively. Significance: the findings have implication for mortgage lending and refinancing decisions for mortgage bankers (lenders), mortgage borrowers and policy makers. It also provides current academic study material for university business schools and for future researchers to apply the model used in this research for related expanded research. Value: The paper contributes a new model with two genres of mortgage rate (current mortgage rate and previous mortgage rate) and how these two types of mortgage rates influence mortgage refinancing.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":"199 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140234091","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

Simulating Credit Loss Distributions: Empirical Versus the Vasicek Model 模拟信用损失分布：经验模型与瓦西切克模型的比较

International Journal of Economics and Financial Issues Pub Date : 2024-03-18 DOI: 10.32479/ijefi.15698

Natasa Milonas, G. Vuuren

{"title":"Simulating Credit Loss Distributions: Empirical Versus the Vasicek Model","authors":"Natasa Milonas, G. Vuuren","doi":"10.32479/ijefi.15698","DOIUrl":"https://doi.org/10.32479/ijefi.15698","url":null,"abstract":"Because credit losses can be substantial, managing credit risk is a focus area of risk measurement and management. It is important for financial institutions to select credit risk models that accurately forecast losses. The Basel Committee on Banking Supervision (BCBS) chose the closed-form single risk factor Vasicek model for regulatory capital calculations. In this article, its forecast accuracy is compared with empirical loss distributions using simulated probabilities of default and losses given default. The effect of altering probabilities of default on asset correlations was analysed and how this affects credit portfolio loss distributions. The robustness of the Vasicek model against five different portfolios with unique compositions was explored: results highlight two key findings. Firstly, the Vasicek model is a good approximation of credit losses for a portfolio that does not contain dominating loans (it is, after all, based on the assumption of large-scale homogeneity). Secondly, the Vasicek model is a good approximation for expected loss (ELs) but lacks accuracy when determining extreme unexpected losses (ULs). Finally, credit capital requirements as a function of two variables are presented which reveals novel ways of viewing these values.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":"5 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140234530","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