Bulletin of Applied Economics最新文献

Do Directors’ Remuneration and Remuneration Committees of the Board affect Bank’s Performance: Application of GMM model? 董事薪酬和董事会薪酬委员会是否影响银行业绩？GMM 模型的应用？

Bulletin of Applied Economics Pub Date : 2024-05-17 DOI: 10.47260/bae/1116

Ivy Eklemet, Emmanuel Gyamera

{"title":"Do Directors’ Remuneration and Remuneration Committees of the Board affect Bank’s Performance: Application of GMM model?","authors":"Ivy Eklemet, Emmanuel Gyamera","doi":"10.47260/bae/1116","DOIUrl":"https://doi.org/10.47260/bae/1116","url":null,"abstract":"Abstract\u0000This paper assessed the effect of directors' remuneration and the remuneration committee on a bank's performance. The study used 200 observations from 20 licensed banks in Ghana from 2012 to 2023. The study employed dynamic System Generalized Method of Moments as the main analytical estimator using Stata 16.0 software. The study revealed that directors' remuneration, audit committee independence, and the remuneration committee are positively and significantly related to the bank's performance. Furthermore, the study revealed that banks with a remuneration committee as well as an independent audit committee tend to enhance the bank's performance because remuneration and audit committees tend to align directors' remuneration with the bank's performance. The findings highlight the importance of setting up a remuneration committee as well as strengthening its functions. The first recommendation for this study is for the board to strengthen the remuneration committee since it affects the bank's performance positively. Lastly, the study recommends that the remuneration committee should be strengthened to align directors' remuneration with the bank's performance metrics, such as revenue growth, profitability of the bank, and shareholders' returns.\u0000Keywords: Audit committee independence; Bank’s performance; Directors’ remuneration; Ghana; Optimal contracting contract.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"115 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141126382","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

Is There J-Curve Effect in the Services Trade in Canada? A Panel Data Analysis 加拿大服务贸易是否存在 J 曲线效应？面板数据分析

Bulletin of Applied Economics Pub Date : 2024-02-27 DOI: 10.47260/bae/1114

Ivan D. Trofimov

引用次数: 0

Effects of Expansionary Fiscal Policy in a Commodity-Exporting Economy: Evidence from Mongolia 商品出口经济体扩张性财政政策的影响：蒙古的证据

Bulletin of Applied Economics Pub Date : 2023-12-22 DOI: 10.47260/bae/1112

Javkhlan Ganbayar

{"title":"Effects of Expansionary Fiscal Policy in a Commodity-Exporting Economy: Evidence from Mongolia","authors":"Javkhlan Ganbayar","doi":"10.47260/bae/1112","DOIUrl":"https://doi.org/10.47260/bae/1112","url":null,"abstract":"Abstract\u0000\u0000This study contributes to the ongoing debate on the consequences of expansionary fiscal policy by evaluating the macroeconomic effects of various fiscal policy options in a small open economy using a dynamic stochastic general equilibrium (DSGE) model. In addition, the study emphasizes the importance of studying Mongolia, which has unique characteristics and exhibits significant research gaps regarding its fiscal policy. The general architecture of the selected DSGE model includes different types of firms and households, commodity sectors, natural resource funds, and abundant fiscal tools regarding both expenditure and revenue. Employing numerous types of fiscal policy shocks, this study reveals that an exogenous increase in government investment yields the most significant long-term economic benefits, boosting potential output by 0.3%. Among the policy options, government transfers are the least effective in promoting economic output, and existing transfer policies in Mongolia appear to exert only a modest impact on growth, instead primarily contributing to the redistribution of resources. Finally, the estimated output multipliers (except transfers) are greater than one, implying that fiscal policy instruments may be an effective tool for managing the economy in Mongolia.\u0000\u0000JEL classification numbers: E17, E62, H24, H54, H55.\u0000Keywords: Fiscal policy, Fiscal policy multiplier, Small open economy, Dynamic Stochastic General Equilibrium model, Natural Resource Sector.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"7 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138947440","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 corporate governance mechanisms on earnings quality during the COVID-19 Pandemic. Evidence from the UK COVID-19 大流行期间公司治理机制对盈利质量的影响。来自英国的证据

Bulletin of Applied Economics Pub Date : 2023-12-18 DOI: 10.47260/bae/1111

Chris Magnis, Louiza Skilodimou

引用次数: 0

Asymmetric Effects of Exchange Rate Volatility on Taiwan-China Trade: A Non-Linear ARDL Analysis of 20 Industries 汇率波动对台湾-中国贸易的非对称效应：对 20 个行业的非线性 ARDL 分析

Bulletin of Applied Economics Pub Date : 2023-12-02 DOI: 10.47260/bae/10210

Ilia Tetin, Elizaveta Antonenko, Guych Nuryyev

{"title":"Asymmetric Effects of Exchange Rate Volatility on Taiwan-China Trade: A Non-Linear ARDL Analysis of 20 Industries","authors":"Ilia Tetin, Elizaveta Antonenko, Guych Nuryyev","doi":"10.47260/bae/10210","DOIUrl":"https://doi.org/10.47260/bae/10210","url":null,"abstract":"Abstract\u0000This study investigates the long-run and short-run effects of exchange rate volatility on Taiwan's exports to and imports from China across 20 industries, employing a non-linear autoregressive distributed lag (NARDL) approach. The analysis covers the period from January 2004 to December 2022 and highlights industry-specific sensitivities and asymmetric impacts of exchange rate fluctuations. Our findings reveal the critical role of exchange rate volatility in shaping export and import performance across industries, with both positive and negative shocks exerting significant short-run and long-run effects. Asymmetric impacts of exchange rate fluctuations affect 87.96% of Taiwan's total exports to China in the long run and 72.11% in the short run. In contrast, the asymmetric impacts on imports influence 77.12% of Taiwan's total imports from China in the long run and 13.21% in the short run, demonstrating varying sensitivity across industries. These findings accentuate the necessity for industry-tailored trade policies and strategic considerations to better manage the risks and opportunities presented by exchange rate volatility in cross-strait trade.\u0000\u0000JEL classification numbers: F14, F31, C22.\u0000Keywords: Exchange rate volatility, Taiwan-China trade, Non-linear ARDL, Asymmetric effects.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"120 42","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138607040","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

Impact of Supply Risk Sharing on Supply Chains: Multiplicative vs. Additive Risks 供应风险分担对供应链的影响：乘法风险与加法风险

Bulletin of Applied Economics Pub Date : 2023-11-30 DOI: 10.47260/bae/1029

Junhyun Bae, Ji-Hung (Ryan) Choi

引用次数: 0

Forecasting TAIEX and FITX with Affirmative and Doubtful Investor Sentiments 用肯定和怀疑的投资者情绪预测TAIEX和FITX

Bulletin of Applied Economics Pub Date : 2023-08-22 DOI: 10.47260/bae/1027

Tzu-Pu Chang, Yu-Wei Chan, P. Wang

{"title":"Forecasting TAIEX and FITX with Affirmative and Doubtful Investor Sentiments","authors":"Tzu-Pu Chang, Yu-Wei Chan, P. Wang","doi":"10.47260/bae/1027","DOIUrl":"https://doi.org/10.47260/bae/1027","url":null,"abstract":"Abstract\u0000\u0000The existing literature have used media messages as a proxy variable for investor sentiment, but they mainly classify sentiment into positive or negative categories based on the words used in news articles, without much attention to the degree of affirmative or doubtful conveyed by the words used. Thus, in addition to classifying news content into positive or negative sentiment, this study also measures the degree of affirmative or doubtful expressed in the news articles in order to achieve more accurate predictive results. The study converts qualitative text to two quantitative scores (sentiment ratio and affirmative ratio) and investigates the predictive ability of these two variables on stock index returns and volatility in Taiwan’s case. The empirical findings indicate that only affirmative ratio exhibits a significant and negative impact on the one-day ahead returns of the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) and the Taiwan Stock Exchange Index Futures (FITX). Additionally, the volatility of returns in both future and spot markets is significantly influenced by both sentiment ratio and affirmative ratio.\u0000\u0000JEL Classifications: C22; G10; G40.\u0000Keywords: Investor sentiment; Text-mining; TAIEX; FITX; Affirmative ratio.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115332938","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 Covid-19 Pandemic Impact on the Saudi Arabia Tourism Sector: An Accountancy Approach Covid-19大流行对沙特阿拉伯旅游业的影响:一种会计方法

Bulletin of Applied Economics Pub Date : 2023-08-18 DOI: 10.47260/bae/1026

S. Bahrawe, Mohammed Abulkhair, Sami Mensi

引用次数: 0

Labor Demand Forecasting: The Case of Cambodia 劳动力需求预测:以柬埔寨为例

Bulletin of Applied Economics Pub Date : 2023-07-19 DOI: 10.47260/bae/1025

KY Sereyvuth

引用次数: 0

Explaining the first effects of Covid-19 on Greek banks’ profitability 解释新冠疫情对希腊银行盈利能力的首批影响

Bulletin of Applied Economics Pub Date : 2023-06-08 DOI: 10.47260/bae/1024

Panagiotis Barkas, Theodoros Kounadeas, Nikolaos Dimitrios Spatharakis

引用次数: 0