Journal of World Economy: Transformations & Transitions最新文献

FDI, Foreign Debt, and Economic Growth: The South Asian Perspective (1980-2020) 外国直接投资、外债与经济增长：南亚视角（1980-2020 年）

Journal of World Economy: Transformations & Transitions Pub Date : 2024-01-15 DOI: 10.52459/jowett37270124

Rizwan Akhtar Jamsheed

{"title":"FDI, Foreign Debt, and Economic Growth: The South Asian Perspective (1980-2020)","authors":"Rizwan Akhtar Jamsheed","doi":"10.52459/jowett37270124","DOIUrl":"https://doi.org/10.52459/jowett37270124","url":null,"abstract":"The present study examines the intricate relationship between foreign direct investment (FDI), foreign debt, and economic growth over the period of 1980 to 2020 in the following countries: India, Pakistan, Sri Lanka, Bangladesh, Nepal, Maldives, and Bhutan. The analysis utilizes data obtained from the World Bank, with productive projects, improved technology and expertise, technological transfer, foreign direct investment (FDI), export, import, and productive projects serving as independent variables. GDP growth is considered as the dependent variable. The model is subjected to rigorous testing procedures, which include the Fisher-Type ADF (for panel unit root), co-integration tests, histogram-based normality assessment, White test for heteroscedasticity, VIF (variance inflation factor) test for multicollinearity, and F-test for parameter significance. These procedures are implemented to ensure the model's robustness. Subsequent analysis is guided by the Hausman test's preference for the Fixed Effects (FE) model over the Random Effects (RE) model. It is worth noting that in both the FE and RE models, a negative correlation is observed between foreign debt and economic growth. The foreign direct investment (FDI) growth rate is inversely proportional to the growth rate of economic output (0.025 percent) and foreign debt (0.117 percent), according to the FE model. The interdependence of foreign direct investment (FDI) and foreign debt underscores the criticality for developing countries to effectively manage their foreign debt while facilitating FDI inflow. The research emphasizes that policy frameworks in these nations must reduce foreign debt in order to create an environment that is favorable for greater foreign direct investment.","PeriodicalId":345637,"journal":{"name":"Journal of World Economy: Transformations & Transitions","volume":"31 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139529729","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

Board Gender Diversity, Bank Risk and Performance: Evidence from Vietnam 董事会性别多样性、银行风险和绩效:来自越南的证据

Journal of World Economy: Transformations & Transitions Pub Date : 2023-05-23 DOI: 10.52459/jowett36260523

L. Hong, Chau Thi Thu Ngan

引用次数: 0

Corporate Governance, Firm Characteristics and Firm Performance: Empirical Evidence from Vietnam. 公司治理、企业特征与企业绩效:来自越南的经验证据。

Journal of World Economy: Transformations & Transitions Pub Date : 2023-04-17 DOI: 10.52459/jowett36250423

Theang Ho

引用次数: 0

Labour Demand Analysis in the ICT Sector: EU Countries and Türkiye 信息通信技术部门的劳动力需求分析:欧盟国家和<s:1> rkiye

Journal of World Economy: Transformations & Transitions Pub Date : 2023-03-16 DOI: 10.52459/jowett36240323

D. Şişman, M. Şi̇şman, Ahmet Hamdi Yanik

{"title":"Labour Demand Analysis in the ICT Sector: EU Countries and Türkiye","authors":"D. Şişman, M. Şi̇şman, Ahmet Hamdi Yanik","doi":"10.52459/jowett36240323","DOIUrl":"https://doi.org/10.52459/jowett36240323","url":null,"abstract":"This paper is dedicated to specific research on the information and communications technologies (ICT) sector, where the variables determine labour demand in the European Union (EU) and Türkiye. The research aims to clarify the relationships between employment-generating firm growth that represents labour demand and the independent variables identified by the authors. For this purpose, our method analyses the factors affecting labour demand econometrically. In the study, a panel data set of 22 countries, including 21 EU countries and Türkiye, is used for the period of 2014-2019. The results show that there is a positive and significant relationship between employment in the ICT sector and real gross domestic product (GDP) per capita and frequency of internet use. In addition, the results show that the relationship between employment and wage level in the ICT sector is negative and significant. According to the results obtained from the Fixed Effects (FE) model, the elasticity coefficients of the independent variables in the model present for wages (1.53), GDP per capita (3.27) and frequency of internet use (1.60). Finally, we have discussed the results estimated by the Shadow Variable Least Squares (LSDV) method to measure the impact of each country on the overall variability in employment level. As a result of the study, when labour demand is associated with firm employment increase, the countries in the target geography where a significant and positive relationship was found are Belgium, Bulgaria, Croatia, Czechia, Estonia, Finland, Germany, Hungary, Italy, Latvia, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden, and Türkiye.","PeriodicalId":345637,"journal":{"name":"Journal of World Economy: Transformations & Transitions","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114915820","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

Defining Investment Decision Making in the Stock Market: A Literature Review 界定股票市场中的投资决策:文献综述

Journal of World Economy: Transformations & Transitions Pub Date : 2022-12-09 DOI: 10.52459/jowett25231222

H. Musfidah, Tony Seno Aji, U. Hartono

引用次数: 0

Green Public-Private Partnerships (PPPs) as an Instrument for Sustainable Development 绿色公私伙伴关系作为可持续发展的工具

Journal of World Economy: Transformations & Transitions Pub Date : 2022-11-19 DOI: 10.52459/jowett25221122

Antoaneta Vassileva

引用次数: 0

Profitability, Managerial Ownership, and Audit Committee on Stock Returns in Indonesian Commercial Banks 印尼商业银行股票收益的盈利能力、管理层所有权和审计委员会

Journal of World Economy: Transformations & Transitions Pub Date : 2022-11-11 DOI: 10.52459/jowett25211122

Sri Utami Ady, Masrurahtul Ainie Zaman

{"title":"Profitability, Managerial Ownership, and Audit Committee on Stock Returns in Indonesian Commercial Banks","authors":"Sri Utami Ady, Masrurahtul Ainie Zaman","doi":"10.52459/jowett25211122","DOIUrl":"https://doi.org/10.52459/jowett25211122","url":null,"abstract":"Profitability shows the managerial ability to generate profits for the company. A high level of profitability gives a signal to investors about the company's better prospects in the future, thereby attracting investors and ultimately increasing stock prices. Managerial ownership also shows investors that managers are concerned about the company's development, so investors will assume that managers will work better if they are also shareholders. Meanwhile, the audit committee is in charge of internal supervision for the company. This study analyses profitability, managerial ownership, and audit committee to stock return in Indonesian commercial banks during the Covid-19 pandemic. The population of this study is companies in the banking sector listed on the Indonesia Stock Exchange from 2018 to 2020. Sampling was done through the purposive sampling technique, thus obtaining 44 companies as research samples. The analysis technique used multiple linear analyses. The results of this study indicate that profitability has a significant negative effect on stock returns. It could have happened due to the COVID-19 pandemic in 2020, which caused all stocks to drop drastically. In contrast, managerial ownership and the audit committee have no partial effect on stock returns because managerial ownership has a minimal influence. So, it is considered less effective in influencing administrative actions in decision making and the audit committee, which does not affect whichever several auditors will not affect the company's performance through the total assets or profits that the company will obtain. This study implies that, during the COVID-19 pandemic, the variables studied have a minimal effect on stock returns because psychological factors influence stock prices in the form of investor panic, which makes banking sector stocks have low and even negative returns.","PeriodicalId":345637,"journal":{"name":"Journal of World Economy: Transformations & Transitions","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132218627","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

ZISWaF Institutional Approach to Activate Idle Agricultural Land as a Catalyst for the Agro-Food Sector in Malaysia ZISWaF 将闲置农田作为马来西亚农业食品行业催化剂的机构方法

Journal of World Economy: Transformations & Transitions Pub Date : 2022-11-07 DOI: 10.52459/jowett25201122

Muhammad Izzat Mohamed, Muhammad Hakimi Mohd Shafiai, Mohd Haziqi Hilmi

{"title":"ZISWaF Institutional Approach to Activate Idle Agricultural Land as a Catalyst for the Agro-Food Sector in Malaysia","authors":"Muhammad Izzat Mohamed, Muhammad Hakimi Mohd Shafiai, Mohd Haziqi Hilmi","doi":"10.52459/jowett25201122","DOIUrl":"https://doi.org/10.52459/jowett25201122","url":null,"abstract":"In various efforts to strengthen the agro-food sector, development on idle land is one of the keys to achieving it. Neglect of idle land is a waste that needs to be well managed to mobilize all resources properly and produce crop yields to the maximum level. Therefore, this paper will discuss the factors that lead to the occurrence of idle land and finds a solution from a Malaysian perspective. Referring to this problem, it is seen, through the institutional approach, that it is capable of being one of the best alternatives because institutions are a set of rules that affect human economic life. Through an institutional approach, it can apply the ZISWaf management recommended by previous Islamic scholars divided into four schemes to activate idle agricultural land with proper coordination. This paper is using qualitative methods based on data and information from the literature review and then it is analysed based on a deductive approach. As a result, the ZISWaf institutional approach can realize the concept of implementing the agro-food Waqf institution to solve the issue of idle land.","PeriodicalId":345637,"journal":{"name":"Journal of World Economy: Transformations & Transitions","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127987733","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

Board Characteristics Impact on the Firm Performance in the Indian Context 印度背景下董事会特征对公司绩效的影响

Journal of World Economy: Transformations & Transitions Pub Date : 2022-10-05 DOI: 10.52459/jowett25191022

Hamza Naim, Tariq Aziz

{"title":"Board Characteristics Impact on the Firm Performance in the Indian Context","authors":"Hamza Naim, Tariq Aziz","doi":"10.52459/jowett25191022","DOIUrl":"https://doi.org/10.52459/jowett25191022","url":null,"abstract":"The research aims to determine the impact of the board characteristics on the firm performance for 348 firms of the National Stock Exchange (NSE) 500 Index listed on the National Stock Exchange of India for the period 2012-2018 using (OLS) Ordinary Least Square (FEM) Fixed Effect Model and more robust (GMM) Generalized Method of Moments regression techniques. GMM regression technique also controls for the endogeneity as well as heteroscedasticity and heterogeneity in panel data. Further, the moderating effects of market capitalization are also observed considering the impact of board characteristics on the firm performance using the interaction effects technique. Lastly, the ideal board size was determined based on the classification of market capitalization including small, mid and large market cap. Board characteristics including board size and percentage of shares held by the promoters have a positive significant impact on the firm performance while the percentage of shares pledged by the promoters has a negative significant impact on the firm performance. The results show that market capitalization moderates the relationship between board characteristics and firm performance. Findings also suggest an ideal board size of 8 for mid-cap firms and a range of 7-18 for large-cap firms which show a similar result to the Kotak Committee Report (2017) recommendations with the ideal board size being a minimum of 6 directors on the board. The results cannot be generalized as only the manufacturing and services (excluding financial) industries are taken into account, but the results can be applied to the abovesaid industry sectors.","PeriodicalId":345637,"journal":{"name":"Journal of World Economy: Transformations & Transitions","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124920524","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

Investment Decision-Making under Covid-19 Pandemic Pressure Based on Demographic Variables Covid-19大流行压力下基于人口变量的投资决策

Journal of World Economy: Transformations & Transitions Pub Date : 2022-09-26 DOI: 10.52459/jowett24180922

Mohammad Tomi Adi Surya, Sri Utami Ady

{"title":"Investment Decision-Making under Covid-19 Pandemic Pressure Based on Demographic Variables","authors":"Mohammad Tomi Adi Surya, Sri Utami Ady","doi":"10.52459/jowett24180922","DOIUrl":"https://doi.org/10.52459/jowett24180922","url":null,"abstract":"The covid-19 Pandemic has made many people work from home to have much time to trade in the capital market. Through the \"Yuk Nabung Saham” program, Indonesia Stock Exchange (IDX) tries to introduce the capital market to young investors through a partnership with the university. This study aimed to analyze the effect of demographic variables (age, gender, and experience) on investment decision-making through risk perceptions and risk attitudes in the Indonesia Stock Exchange under the Covid-19 pandemic pressure. Used SEM-PLS analysis with Mediation effects, 160 Surabaya’s Investors as respondents analyzed. This study showed that age, gender, and experience affect investment decision-making through risk perception and risk attitude. In the Covid-19 pandemic, market conditions were very dynamic and erratic, resulting in investors' perceptions and risk attitudes changing, thus changing their behaviour to become more speculative and reactive to take advantage of the market. Students’ respondents were currently young investors who may not yet have mature financial capabilities, so they had behaviour with a high psychological bias. But in the next ten years, these investors would have grown into professional investors who strengthened the Indonesia Stock Exchange.","PeriodicalId":345637,"journal":{"name":"Journal of World Economy: Transformations & Transitions","volume":"66 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129315294","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

Journal of World Economy: Transformations &amp; Transitions最新文献

Journal of World Economy: Transformations & Transitions最新文献