International Journal of Business Economic Development最新文献

{"title":"Trimming the Retail: The investment outlook for CVS’s growth strategy","authors":"J. Mark Smith","doi":"10.24052/ijbed/v011n02/art-01","DOIUrl":"https://doi.org/10.24052/ijbed/v011n02/art-01","url":null,"abstract":"CVS Health Corporation owns the retail pharmacy chain and also owns CVS Caremark, the pharmacy benefits manager, and the Aetna health insurance provider (Kolakowski, 2023). Recent acquisitions in 2022 and 2023 include Oak Street Health, Inc., and Signify Health. CVS’s proactive growth strategy aims to acquire health care firms across various sectors of health care, yet the management is not averse to divesting the firm of less profitable subsidiaries. In November 2021 the firm announced the closing of 300 stores per year through 2024. A decline in stock price of CVS would suggest analyzing whether the company is still a good long-term investment. A deeper study may be warranted, but seven methods should suffice to either reject CVS immediately or accept CVS for further consideration. The analysis includes the following: The price-to-earnings ratio or P/E multiple approach for validating stock price. Evaluating expected return of the stock with the capital asset pricing model (CAPM). The corporate valuation model using free cash flows for stock-price valuation. A review of the company’s dividend history. Comparison of the company’s capital structure with its peers. Evaluating the company’s historical stock prices. Review of the recent financial statements and the five categories of financial ratios to determine the overall health of the firm. As a company with a large retail business unit, CVS stock would be considered a moderately conservative investment. A decision on long-term investing in CVS stock would consider the risk and potential returns. Subject to further scrutiny, this study accepts CVS as a potential investment choice. Although the acceptance is based on analysis, the author makes no guarantee of future results. This paper is the original work of the author and is not previously published.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":"40 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135087135","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 study on millennium development goals and sustainable development goals: Lesson from Bangladesh","authors":"Md. Shah Alam","doi":"10.24052/ijbed/v011n02/art-03","DOIUrl":"https://doi.org/10.24052/ijbed/v011n02/art-03","url":null,"abstract":"This paper aims to present the Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs) for the general inclusive growth of the world and Bangladesh in particular. With the passing of time, the world economy and economic systems have been changing rapidly in order to reach the development facilities of the deprived people living in the world. For this, the United Nations and world leaders have undertaken Millennium Development Goals to reduce the extreme economic hardship of the deprived people living there. Based upon MDGs, the Government of the People’s Republic of Bangladesh has undertaken Sustainable Development Goals (SDGs) to reduce the extreme poverty of the people living in Bangladesh. The study is mainly based on secondary information. Data have been collected from different publications from the United Nations, different websites, and institutional publications. During analysis of the collected data, it is seen that the steps undertaken by the Government of Bangladesh to reduce extreme poverty have become effective and the economic development of Bangladesh has been moving towards sustainability because the deprived section of people has started improving their lives and to some extent starts entering into development opportunities available in Bangladesh.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":"40 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135087137","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":"Addressing the detrimental impacts of COVID-19 on women in the workforce: Where do we go from here?","authors":"Kareen Odate, Rene S. Parmar","doi":"10.24052/ijbed/v09n02/art-04","DOIUrl":"https://doi.org/10.24052/ijbed/v09n02/art-04","url":null,"abstract":"This paper analyzes national and global statistical data and reports to investigate the status of women in the workforce subsequent to the 2020-2021 COVID-19 pandemic in the United States, identify issues, and propose a path forward. The disproportionate adverse effects of the pandemic included higher unemployment rates among women and greater job losses within female dominated industries and women owned businesses as compared with men, and health challenges heightened by pandemic-related stresses. Further, the responsibility for compensating for the sudden removal of accessible childcare services which followed school and daycare disruptions and closings nationwide, overwhelmingly fell to women—whether they were single or married. Some analysts report that the pandemic served to reassert the unequal division of labor in the household between men and women. Researchers have posited that the pandemic’s impact will retard women’s progress in the workforce for decades if not generations. Strategies for counteracting these effects must entail targeted measures focused on promoting women’s re-entry in the workforce including: the normalization of flexible work schedules to foster a more balanced home and work-life for women, increased family leave for mothers and fathers, more quality and affordable childcare as well as more onsite childcare facilities to meet employees’ needs.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46839574","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":"Determinants of household over-indebtedness in South Africa","authors":"R. Karambakuwa, R. Ncwadi","doi":"10.24052/ijbed/v09n02/art-02","DOIUrl":"https://doi.org/10.24052/ijbed/v09n02/art-02","url":null,"abstract":"The proportion of household debt to disposable income is high in South Africa, signifying over-indebtedness which reduces the welfare of households. High debt leads to low savings, negatively impacting economic growth. This paper presents the determinants of household debt distress in South Africa and comes up with recommendations on how to manage household debt. The objectives are achieved through systematic literature review. Findings suggest that households are over-indebted because of several reasons. They lack necessary finance management skills and proper protection from predatory practices by lenders. Household indebtedness is also caused by the rising cost of living which leads to low household disposable income and savings, high interest rates, misfortunes and adverse trigger events and income inequalities. Education, age and being a recipient of a social grant all have positive and negative impacts on household indebtedness. Findings also suggest that female-headed households, renting households, large households, urban based households, households with a mortgage and households where the head is not working, is sick or disabled are more likely to be over-indebted. A framework is presented with recommendations on how household debt can be effectively managed in South Africa. Upskilling in finance management can help improve the way households manage their finances. Moneylending institutions should avoid predatory lending and disclose vital information affecting household borrowing decisions. A downward review of interest rates on debt is necessary with a balance between profitability and sustainability of loan repayments. Consumption insurance on loans is recommended to cushion debt distressed households.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49324400","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":"Placemaking and Revitalization through Business and Tourism Improvement Districts in Albania","authors":"Ermira Repaj","doi":"10.24052/IJBED/V09N01/ART-05","DOIUrl":"https://doi.org/10.24052/IJBED/V09N01/ART-05","url":null,"abstract":"As a form of a public-private partnership with local authorities, the business improvement district (BID) is created when most businesses or business property owners agree through balloting to manage a delimited commercial area with prior authorization by the local authority. The district is managed through a non-profit organization that provides additional public services such as security, maintenance, infrastructure improvement, and marketing, to improve decaying commercial and residential areas. BIDs have been praised as engines for urban development, filling the need gap between the public and private sector by providing entrepreneurial local public management and augmented public services for socioeconomic revitalization. The business improvement districts (BIDs) and similar forms of a public-private partnership, as a new mechanism for urban renewal and economic development, have emerged in North America five decades ago and quickly adopted in many cities worldwide. Since 2011, the model has been applied in 8 districts in Albania, contributing to improved business life, infrastructure improvements, and enhanced general public services. This time is considered long enough to offer insights regarding their evolution and transformative effects. This study aims at exploring the adaptation of the business improvement district (BID) model in urban areas in Albania and, at the same time, point out its characteristics, operational and functional activities, accountability, and contribution to business development and area revitalization. The methodology used in this study adopts a qualitative method, including a case study approach to data gathering Primary data sources include semi-structured interviews with BID association members, administrators, and consultants in Albania, businesses, local government officials, and lawyers. This study will contribute to a more robust contextual understanding of the establishment and effectiveness of BIDs in developing economies The findings presented demonstrate BID’s transformative role for area regeneration, economic and social development. Furthermore, this study provides additional insights regarding the effects of development organizations’ involvement in this public-private partnership model for area regeneration. The results have important implications for Albania’s public and development policies and provide practical lessons for practitioners in these fields. Furthermore, it contributes to the international literature on BIDs, including evidence of this model applied in a developing economy. Corresponding author: Ermira Repaj Email address for the corresponding author: e.repaj@aadf.org The first submission received: 14th December 2020 Revised submission received: 14th April 2021 Accepted: 26th April 2021 International Journal of Business and Economic Development, Vol. 9 Number 1 May 2021 www.ijbed.org A Journal of the Centre for Business & Economic Research (CBER) 80 Introduction The BID (Business Impr","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46312562","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":"Just in time: Will Putin's revitalized Northern Sea Route reorder global shipping?","authors":"Thomas E. Rotnem","doi":"10.24052/IJBED/V09N01/ART-03","DOIUrl":"https://doi.org/10.24052/IJBED/V09N01/ART-03","url":null,"abstract":"This paper examines Russia's Arctic Strategy, in general, and the development of the Northern Sea Route, in particular. The current Russian regime regards the successful development of the Northern Sea Route (NSR) as the linchpin of its Arctic endeavors and the harbinger of Russia's economic future, focusing upon not only creating a faster and cheaper shipping route from Asia to Europe, but also spiriting out to world markets the vast fossil fuel and mineral deposits that lie in Russia's frozen north. After discussing recent factors causing Russia's leaders to invest significant resources in its Arctic region and the novel transportation artery, we then focus upon recent steps made toward building out the NSR. The article concludes with an examination of significant problems plaguing the route's development and provides a tentative assessment of the project's overall soundness.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47437493","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":"How supply chain management impacts governance and development in context with COVID-19: Implications for poverty in developing countries","authors":"Juliette Brathwaite","doi":"10.24052/IJBED/V09N01/ART-01","DOIUrl":"https://doi.org/10.24052/IJBED/V09N01/ART-01","url":null,"abstract":"COVID-19 impacts both direct and indirect and at various levels, are currently ominous, and significantly challenge systems in society, economy and environment, influencing governance (GVRN), development (DVMT) and related poverty (PVTY) elements. This research explores relationships between GVRN and DVMT effects in developing countries (DCs), proposing that transport, supply chain and logistics management (TSCLM) incorporating agility, can enable GVRN more supportive and responsive. In so doing, efforts for DVMT and PVTY eradication can improve, alleviating problems for individuals and systems left unprepared, bereft and vulnerable. It is vital to pursue this area of research for theoretical and managerial features in the underexplored contexts are generally still novel. To heighten research and practical consciousness of interactions between GVRN, TSCLM and DVMT, especially PVTY effects, this paper engages literature review and associated conceptual model with propositions. The conceptual model focuses on relationships and interactions, combining institutional theory and organisational learning theory incorporating networking or collaboration, presenting four propositions to sustain further exploration, management and practice. In concluding, this researcher presents implications, and suggests future research avenues with respect to interrelationships of GVRN, TSCLM and DVMT. The incorporation of elements to better enable GVRN relationship with DVMT beneficial to PVTY eradication in business context with COVID-19 hindrances, can assist individuals and firms to be more agile and effective in planning, implementation and output systems and to sustain advantageous outcomes. This research contributes to augmenting theory and practice in supply-chain management, GVRN and DVMT, so researchers, managers and others can benefit from value added in improving processes and practices including success with eradicating COVID-19 hindrances to significant attainments.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44902587","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":"Insights from behavioural economics to enhance the environmental dimension of sustainable development","authors":"I. Ismail, Egypt Maritime Transport, Abeer Mohamed Ali Abd Elkhalek","doi":"10.24052/IJBED/V09N01/ART-02","DOIUrl":"https://doi.org/10.24052/IJBED/V09N01/ART-02","url":null,"abstract":"Individuals everywhere and every day take decisions and make choices that affect the environment either positively or negatively. By understanding and analysing the determinants and incentives of humans' decision-making process, behavioural economics helps change behaviours toward more sustainable practices using efficient and well- designed policies. Using a survey targeting 4000 households' participants from 11 Egyptian governorates in 2019, the paper explores attitudes' determinants and behaviour's motivations concerning environmental concerns, which- in turn- help policymakers to design effective policies considering households' attitudes. Using a structural equation model, the paper examines the critical links among attitudes, values, and behaviours related to sustainability. It provides empirical evidence from a data set collected from the surveyed sample. The paper also indicates how insights and tools from behavioural economics could help understand attitudes, values, and behaviours. The current study builds on contemporary literature and develops last research to explore how behaviour economics helps policymakers design cost-effective policies to change behaviours toward sustainable environmental practices. The results indicated that behavioural economics has a minimal role in designing sustainable development policies and environmental interventions in Egypt- as a developing country- and showed that there is an overall willingness to change the way of thinking toward more environmentally friendly choices, specifically if policy interventions derive the behaviours in that direction. Finally, many essential recommendations and policy implications were concluded to develop public policies according to environmental sustainability considerations.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":"09 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42078001","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":"An overview of the Belt and Road Initiative (BRI): Implications in geo-strategy and geo-politics","authors":"Rahul Gupta Choudhury","doi":"10.24052/IJBED/V09N01/ART-04","DOIUrl":"https://doi.org/10.24052/IJBED/V09N01/ART-04","url":null,"abstract":"China is a very interesting country, and the entire world is looking at it. This is not only because of its spectacular rise in the world stage and the fact that it has become one of the largest markets in the world. China has become a superpower economically as well as militarily. Simultaneously it has a penchant for doing things differently – from the established norms and practices, as followed primarily by the West. It is likely that China will be in a position to challenge USA shortly as the number one power in the world. It is also likely that China will soon be influencing world events in a major way. These are the primary reasons for undergoing this study. The specific objective is to understand in detail one of the grandest and most ambitious schemes floated by any country in modern times - that of the Belt and Road Initiative by China. The author is sure that this project will have a very substantial impact on the strategies and politics of the entire world. The originality of this study is that it takes a macro-view of the entire initiative and dissects the implications for each major region of the entire world - in terms of strategy as well as politics. It wishes to connect Asia and Europe and also bring Africa into the project and thus form a unified market known as Afro-Eurasia. China, also known as PRC (People’s Republic of China), has developed tremendously in the past few decades and has now spare capacities as well as resources. So, it has initiated the project BRI wherein they are giving loans to underdeveloped countries to build infrastructure of these nations. There are two primary routes which PRC aims to develop. One of them is the land route called the BELT, which connects Europe to China over land. The other is the maritime route through the oceans which again connects the Eastern parts of China right up to Europe – and including Africa in between. The countries along these routes are being helped by China to develop their infrastructure like railways or seaports so that they may also emerge as modern logistics and distribution hubs for transporting goods between China and Europe. PRC thus ensures that it receives its continuous supply of energy requirements and other commodities for consumption. It will also be able to increase its exports right up to Western Europe through these routes which will save them a lot of time and costs also. Some nations are however skeptical about the real intentions of China. These countries think that China is emerging as a major superpower of the world and one day, it might want to dominate this part of the world entirely. Whether China has military intentions or not will be clear sometime later. As of today, China claims that its intentions are completely peaceful.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45590876","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":"Micro and macroeconomic determinants of profitability of conventional banks and stock performance using Tobin’s Q ratio: Evidence from the banking sector of Pakistan","authors":"J. Rolle, Bushra Javed, Gobind M. Herani","doi":"10.24052/ijbed/v08n02/art-05","DOIUrl":"https://doi.org/10.24052/ijbed/v08n02/art-05","url":null,"abstract":"The financial sector is the key player to enhance sustainable economic growth. Commercial banks play an important role to improve the performance of the financial sector of the economy and their profitability is closely connected to the soundness of the entire economy. The purpose of this study is to determine the internal determinants (bank-specific) and external determinants (macro-economic) of profitability. In this regard, the study adopted a quantitative research design by using the panel data of 17 commercial banks of Pakistan over the period of 2014-2018. Internal factors analyzed in this study were Liquidity, Size, and Capital Adequacy. While external factors were Gross Domestic Product (GDP) and Inflation. The data was analyzed by using simple OLS regression and Tobin’s Q ratio. The analysis showed that GDP has a significant impact on profitability. However, inflation has no impact on profitability. Tobin’s Q ratio of most of the banks is increasing which depicted their equilibrium position. Based on the findings, the study recommended some policies that will encourage banks to reduce credit risk and minimize their liquidity holdings. Moreover, the Government should take the proper initiatives to enhance the confidence of investors towards the stock market.","PeriodicalId":30779,"journal":{"name":"International Journal of Business Economic Development","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43015534","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}