International Journal of Business and Economic Sciences Applied Research最新文献

{"title":"Corruption and Foreign Direct Investment Inflows: Evidence from West Africa","authors":"William Bekoe, Talatu Jalloh, W. A. Rahaman","doi":"10.25103/ijbesar.143.01","DOIUrl":"https://doi.org/10.25103/ijbesar.143.01","url":null,"abstract":"Purpose: The study investigates the effect of corruption on FDI inflows to West Africa, and also establishes a threshold level of corruption for the sub-region. Design/Methodology/Approach: Using secondary data for the period 1999-2018, the study adopted a panel Autoregressive Distributed Lag (ARDL) model to carry out regression analysis. However, to ensure results accuracy and validity, a cross section dependence test, panel unit root test and panel cointegration test was carried out. Findings: The results indicated that in the long-run, corruption adversely affects the inflow of FDI to West Africa, thus lending support to the grabbing hand hypothesis. The study found the long-run threshold level of corruption for West Africa to be 6.3, indicating that below this level FDI inflow cannot be discouraged by corruption otherwise, FDI inflows could be discouraged. Research limitations/Implications: The findings from the study suggests that governments from West Africa should focus on mechanisms that will strongly discourage people from engaging in corruption, such as reducing the delays in business registration, strengthening and ensuring of effective monitoring of public institutions, as well as introducing the practice of penalty and exhortation in the public sector. Quality/Value: The present study contributes to the literature by investigating the effects of corruption on the inflow of FDI to West Africa using a more appropriate macro panel estimation technique, the panel Autoregressive Distributive Lag (ARDL) technique. Furthermore, it provides a threshold level for corruption on FDI inflows in West Africa.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48072913","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":"Was the Great Depression of 1929 Harsher than the Greek Depression?","authors":"Georgios Galatsidas, Pantelis Sklias, Spyros A. Roukanas","doi":"10.25103/ijbesar.143.03","DOIUrl":"https://doi.org/10.25103/ijbesar.143.03","url":null,"abstract":"Purpose: This paper is an analysis based on the comparison of the Greek Depression with the Great Depression of 1929 in the US. Design/methodology/approach: This analysis does neither focus on the pre-crisis period, nor on the manifestation of the crisis or the structural problems and economic policies that rendered the Greek economy vulnerable when the financial turmoil broke out. An entire decade has passed since the onset of the crisis, and various policies have been implemented, with explicitly stated goals and specific results. A clear distinction is made between these two periods, which appear to be relatively independent. The causes of the crisis itself are different than the causes that turned the crisis into a prolonged depression with irreversible consequences for the economy and the society. Finding: The comparison of the two crises on the basis of their effects on the real economy demonstrates that the Greek crisis had harsher consequences than the US crisis, taking into account its impact on key macroeconomic aggregates such as the income loss, the duration of the depression, the unemployment, the stock market index. Research limitations/implications: This paper takes into account that Greece is a member state of Eurozone, on the other hand U.S.A had an autonomous monetary policy during the Great Depression. Originality/value: The stubborn implementation of the “bailout” programme for the Greek economy not only has failed to produce the expected results as regards the debt and the deficits, but has also had devastating effects on the real economy. In addition, we ought to focus on the lack of national planning and a carefully planned actual and sustainable development of the real economy and, by extension, economic growth.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47706028","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":"ICT as a Re-Engineering Strategy on Claim Settlement in Some Selected Insurance Companies In Nigeria: The Pandemic Experience","authors":"M. Frances, Vincent Aghaegbunam Onodugo","doi":"10.25103/ijbesar.143.06","DOIUrl":"https://doi.org/10.25103/ijbesar.143.06","url":null,"abstract":"Purpose: This study addresses the effect of ICT on the relationship between re-engineering and the performance of some selected insurance companies in Nigeria. It emphasizes the need to ensure that insurance companies achieve substantial improvement in performance via viable IT infrastructure to modernize all business processes. Design/Methodology/Approach: The study adopted a survey design, utilizing a sample of 350 respondents from two selected insurance companies in the southwest geopolitical zone of Nigeria. A questionnaire was used for the collection of data. The data analysis was conducted using the percentage formula and SPSS version 20. Findings: The research revealed that there is a significant relationship between ICT and operational performance of the insurance companies, the increase in the use of many ICT tools has proven to be caused by lockdown, which implies insurance companies should endeavor to provide updated ICT facilities to enable good quality service delivery and profitability. Technological innovations through ICT enabled the insurance industry to set up efficient delivery channels, which has capacitated the sector to solve the problems that are posed by the new change. ICT tools aided supervisors, employees, and managers in decision-making. Operational resilience became the proactive measure made by the insurance sector to ensure responsive, adaptable, and scalable services for the insured and stakeholders. Research limitation/Implication: This study exhibits practical implications for the financial service provider, as the manager and the insurer (Insurance companies) can be encouraged to find the best approach to redesign strategies and adopt basic IT facilities to automate business activities for optimal productivity and profitability. Coronavirus epidemic has created the need to emphasize the importance of making provision for a viable digital infrastructure, which ensures business continuity and customer retention, and there should be a collaboration between the financial service providers and implementing alternative delivery channels to achieve a thorough transformation that will strengthen the insurance sectors. Originality/value: This study furthers strengthens and validates the use of technology and the relevance of re-engineering in operational re-enforcement for increased efficiency and effectiveness of insurance services. The improvement in business process re-engineering is driven by ICT, and as a re-engineering enabler, enhances performance that could lead to competitive advantage and a great priority for insurance companies to gain more control over the final market and good customer relationship, by offering quality services, superior value to the services, affordable price, unique customization and consultation.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49249459","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":"Effects of Natural Resource exploitation on CEMAC Countries Development: The Human Capital Channel","authors":"Ghamsi Deffo Salomon Leroy, Ajoumessi Houmpe Donal, Demgne Pouokam Véronique, Njoupouognigni Moussa Ledoux","doi":"10.25103/ijbesar.143.04","DOIUrl":"https://doi.org/10.25103/ijbesar.143.04","url":null,"abstract":"Purpose: The aim of this study is to determine the effect of the exploitation of natural resources on the development of CEMAC countries and to examine human capital as a transmission channel. Design/methodology/approach: In order to achieve our goal, we formulate a panel of 6 CEMAC countries over the period 2002-2018. This period of study is justified by the surge in the prices of natural resources in the market and also a fall of the prices of basic resources following two large exogenous shocks (subprime crisis and 2015 oil crisis). The estimation method use is the fixe effect, two stage least square and the Maximum likelihood with limited information. Findings: Of the estimation by the fixed-effect method show that natural resources abundance measured by: total rent, oil rent and forest rent has a negative effect on economic development. Likewise, human capital contributes to the transmission of these effects. The minimum education rate beyond which natural resources no longer have a negative effect on economic development, measured by the logarithm of GDP, is approximately 0.52, 0.51 and 0.48 respectively when we consider the total rent, the oil rent and the forest rent. This result is confirmed with the adoption of Maximum likelihood with limited information and the Two Stage Least Squared. Research limitations/implications: This study is limited in time and space. Moreover, the failure to take into account certain human capital or development variables. Originality/value: In the literature on the natural resources curse, the analysis of transmission channels in developing countries remains largely unexplored. The human capital component studied in this article is one of the first in the case of CEMAC countries. Also, we studied the effect of many resources, both renewable and non-renewable.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41551844","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 Optimal Forecasting Method of Passenger Traffic in Greek Coastal Shipping","authors":"I. Sitzimis","doi":"10.25103/ijbesar.143.05","DOIUrl":"https://doi.org/10.25103/ijbesar.143.05","url":null,"abstract":"Purpose: The main goal of this study is to exact an optimal forecasting method by answering the research question: which is the best model for capturing short-term seasonal components of passenger traffic in Greek coastal shipping? Design/methodology/approach: There are not a lot of scientific efforts in forecasting passenger traffic in Greece. In order to fill this gap, we tried to find an optimal forecasting method, by comparing Box-Jenkins ARIMA, smoothing and decomposition methods. As Greek coastal shipping consists of several concentrated submarkets (lines) we remained in fourteen popular itineraries (including total passenger traffic). Taking into consideration the high seasonality and no stationarity that characterizes those routes we limited our analysis to Winter’s triple exponential smoothing, to time series decomposition method, to simple seasonal model and to seasonal ARIMA models. Findings: The analysis results show that in fourteen popular coastal routes Winters’ multiplicative method, simple seasonal model and decomposition multiplicative trend and seasonal model have the best integration to the time series data. No coastal line led to better results by seasonal Box-Jenkins ARIMA models. Research limitations/implications: The results should be treated with caution since COVID-19 pandemic does not allow safe conclusions for the forecasting period 2020-2022 in GCS. However, the forecasting results of the first quarter of 2020, when pandemic had not fully prevailed, gave encouraging results with little deviations between predicted and actual values. Originality/value: Greek coastal shipping is one of the biggest in Europe serving a large number of passengers and having a large part of the total shipping fleet. It plays an important role for Greek economy and society, as it connects the majority of inhabited islands to mainland. The finding of an optimal forecasting method of passenger traffic is very significant for both business and government policy. Decisions on the number of routes served by shipping companies, on ships by coastal line (number and size), on companies' pricing policy, on public service obligations, on state port infrastructure policy and on the amount of state funding for barren lines are typical examples.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47227052","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 Analysis of the Monetary Transmission Mechanism of M&A, Greenfield FDI, Domestic Investment, and GDP Per Capita Growth: The Structural Vector Correction Model in Indonesia","authors":"Albert Hasudungan, A. Pulungan","doi":"10.25103/ijbesar.142.03","DOIUrl":"https://doi.org/10.25103/ijbesar.142.03","url":null,"abstract":"Purpose: The study aims to evaluate the different implications of mergers and acquisitions (M&A) and Greenfield foreign direct investment in the transmission mechanism effects on the growth of gross domestic product per capita (GDP per capita) in Indonesia. The origin of the study stems from past academic debates that contested whether Greenfield FDI or M&A bear more effect on the economic growth in emerging markets.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46700992","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":"Strategic Resources, A Driver of Performance in Small and Medium Manufacturing Enterprises in Kenya","authors":"Muturi Moses Murimi, B. Ombaka, Joseph Muchiri","doi":"10.25103/ijbesar.142.04","DOIUrl":"https://doi.org/10.25103/ijbesar.142.04","url":null,"abstract":"Purpose: This study sought to establish the effect of strategic resources on performance of small and medium manufacturing enterprises. Specifically, the study sought to identify how financial resources, human resources, physical resources and intellectual capital affect performance of small and medium manufacturing enterprises in Kenya. Methodology: Positivism research philosophy was utilised. Cross-sectional descriptive survey as well as explanatory study design were used in the study. The target population for the study was 350 Kenyan SMEs in the manufacturing sector. A sample of 183 firms was selected using stratified random sampling. One respondent from each firm was selected being the managing director. Data was collected using a semi-structured questionnaire. Diagnostic tests for multicollinearity and normality were conducted before data analysis. The research questionnaire was tested for content validity and reliability after. Data was analysed using inferential and descriptive statistics. Data collected was analysed using SPSS V23. Finding: The study found that strategic resources have a significant influence on significant influence on performance of manufacturing SMEs in Kenya. Specifically, financial, human and physical resources all positively and significantly influenced the performance of Kenyan SMEs while intellectual resources as no effect on performance. The study therefore concluded that financial resources have a positive and significant influence on performance of manufacturing SMEs in Kenya, human resource was found to be significant in predicting performance. Physical resources have a significant influence on performance of manufacturing SMEs in Kenya while intellectual capital has no significant influence on performance of manufacturing SMEs in Kenya. Study Implication: The study recommended that Management of manufacturing SMEs should ensure that there are enough financial resources to meet their daily transactions and ensure that they are able to acquire the relevant strategic resources for efficient running of their firms; have adequate, committed and well-skilled personnel with the required expertise; should invest significantly in physical resources in order to maximise the performance of these firms; carry our cost benefit analysis before committing their resources to protect their intellectual capital in form of patents. Value of the Study: The study showcases the influence of strategic resources on performance of manufacturing SMEs in Kenya.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44511288","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":"Quantifying the Relationship Between GDP Per Capita and Inequality in the Balkan Region","authors":"E. Saucedo","doi":"10.25103/ijbesar.142.01","DOIUrl":"https://doi.org/10.25103/ijbesar.142.01","url":null,"abstract":"Purpose:The paper aims to estimate the effect of inequality on the economic growth of Balkan countries for the period 2001-2017. In addition, the effect of capital stock on GDP per capita (GDPpc) for the Balkan countries was estimated. The low level of financial inclusion on the Balkan region produces an underinvestment of human capital and affects the low-income households, leading to an increase in inequality. Low levels of equality and capital stock negatively impact economic growth.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46777586","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":"Corporate Social Responsibility, Environmental Pollution, and Stock Market Reaction","authors":"Ya-Fang Wang","doi":"10.25103/ijbesar.141.03","DOIUrl":"https://doi.org/10.25103/ijbesar.141.03","url":null,"abstract":"Purpose: This paper analyzes whether and how the environmental protection concern of corporate social responsibility companies affects market participants’ perceptions by examining the nature and structure of corporate social responsibility companies.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42184126","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":"Financial Reporting Material Misstatements, Earnings Conservatism and Managerial Replacement Decisions","authors":"Jo-Ting Wei","doi":"10.25103/ijbesar.141.01","DOIUrl":"https://doi.org/10.25103/ijbesar.141.01","url":null,"abstract":"Purpose: Based on signal theory and legitimacy theory, this paper examines whether firms with financial reporting misstatements (restatements) would prefer conservative financial reporting to send signals regarding their determinants of improving financial reporting credibility and legitimate organizational image in Taiwan. This paper further examines whether these firms reduce the demand for conservative financial reporting after replacing managers in the reveal of restatements.","PeriodicalId":31341,"journal":{"name":"International Journal of Business and Economic Sciences Applied Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44494005","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}