Global Business and Finance Review最新文献

{"title":"An Economic Evaluation of the European Union’s 2030 Climate Policy Plan","authors":"Thomas R. Sadler","doi":"10.17549/gbfr.2023.28.1.1","DOIUrl":"https://doi.org/10.17549/gbfr.2023.28.1.1","url":null,"abstract":"Purpose: The purpose of the study is to evaluate the European Union’s “Fit for 55” plan, announced in 2021, which intends to meet a 2030 goal of reducing carbon emissions by 55 percent from 1990 levels. \u0000Design/methodology/approach: An analytical model is used to assess the impact of the EU environmental policies, including the carbon border tax, emissions trading system, energy efficiency, and emission standards. \u0000Findings: The study finds that the environmental policies achieve different policy criteria, including cost minimization, equalization of marginal abatement cost, minimization of general equilibrium cost, political feasibility, and minimization of inequitable impacts across income groups. But no single policy instrument is necessarily superior to the others. The paper finds that a revenue-neutral carbon border tax and an emissions trading system with auctioned permits satisfy the most evaluation criteria. \u0000Research limitations/implications: For the purpose of simplification, the model ignores dynamic extensions. That is, the adjustments of businesses to policy measures and the effects on emissions are beyond the scope of this analysis. \u0000Originality/value: The study develops a model that evaluates the European Union’s environmental policies in a unifying perspective, assessing the tradeoffs of policy design.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89067857","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":"Sustainability for the festival policy: Focused on community and v isitors","authors":"Shinyoung Kang, Kyoung-Bae Kim","doi":"10.17549/gbfr.2023.28.1.72","DOIUrl":"https://doi.org/10.17549/gbfr.2023.28.1.72","url":null,"abstract":"Purpose: To explore the evaluation between tourists’ and residents’ satisfaction with the tool of Importance-Satisfaction Analysis originally introduced by Importance-Performance Analysis. \u0000Design/methodology/approach: A survey was conducted at Anseong Matchum Land, the venue of the festival, and respondents were selected by the convenience sampling method. Also, rest areas at the festival site were used for data collection and 309 out of 400 were judged to be valid. Included in the questionnaires was a series of Likert-type questions about the respondent’s satisfaction with 18 attributes of the festival and the importance of these attributes to overall satisfaction with the festival. \u0000Findings: The results of this research show that the average degree of importance for the 18 attributes is 3.89, and the degree of satisfaction is 3.02. The result identified that parking lot, rest area, and washroom were found included in “Concentrate Here” quadrant of the ISA matrix as needed to prior management in this festival. \u0000Research limitations/implications: This study tried to look into local heritage festival regarding comparative perception between festival goers and local residents with ISA to provide that actual problems and potential solutions to the decision-makers of the city to make a sustainable festival. However, it is difficult to extend the results of this festival to other festivals and further research is needed in the future. \u0000Originality/value: This research tried to find out the gap between perceived Importance and Satisfaction and to identify actual management problems regarding facilities and services of the festival by ISA analysis originally introduced by Importance-Performance Analysis. This study suggested what festival organizers should prepare for the festival that will be activated after the Covid 19 pandemic.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77189061","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 intention usage of Islamic E-Wallet Among Millennials","authors":"M. Bakri, Khalifa Khalfan Salem Muftah Almansoori, Nurul Atiqah Mohd Azlan","doi":"10.17549/gbfr.2023.28.1.11","DOIUrl":"https://doi.org/10.17549/gbfr.2023.28.1.11","url":null,"abstract":"Purpose: The main purpose of this study is to investigate the behavioural intention of the millennials in Malaysia toward the acceptance of Islamic e-wallet usage using Unified Theory of Acceptance and Use of Technology(UTAUT) via Structural Equation Model. \u0000Design/methodology/approach: The data have been collected by the 384 millennials in Malaysia. A person has aged between 25 until 40 years old is considered the millennials group The method that used in this paper is the Unified theory of acceptance and use of technology (UTAUT). There will be five independent variables: performance expectancy, effort expectancy, social influence, facilitating condition, and Shariah-compliant. Shariah-compliant variables have been added to the study because the study investigates the Islamic e-wallet where it is needed the Shariah-compliant elements. Before the data is analysed into measurement, preliminary analysis such as Exploratory Factor Analysis (EFA) is conducted as well. \u0000Findings: The result showed that the performance expectancy (PE), effort expectancy (EE), social influence (SI) and Shariah complaint (SC) significantly affect the Islamic e-wallet acceptance among the millennials. In addition, the Shariah complaint has a strong effect on Islamic e-wallet acceptance. In contrast, facilitating condition (FC) showed no effect on Islamic e-wallet acceptance. In this study, all the requirements for model fit were achieved. The four exogenous constructs are performance expectancy (PE), effort expectancy (EE), social influence (SI) and facilitating condition (FC). The mediating construct is behavioural intention (BI) and the endogenous is user adoption (UA). All exogenous constructs show significant p-value except for effort expectancy (EE). \u0000Research limitation/implications: This paper offers important implications specifically for the digital economy as it is currently making its way throughout every aspect in the human life, be it social, religion, financial transaction, entertainment and many more. The impact of digital economy can be traced through the emergence of Fintech. One of the least academically discussed areas is the adoption of Islamic Fintech. This study is considered necessary to explore the prediction of consumer behaviour in Islamic Fintech intention, as part of digital economy. \u0000Originality/value: The paper fills the gap perceived within the existing literature of finance technology by showing Islamic financial technology (E-Wallet) intention via model measurement.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"60 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79164572","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 Customer Responding to Coworking Spaces By 24 Hour Service Providers Under the Covid-19 Pandemic: A Case of Three Dummy Coworking Space Providers at Nakhon Ratchasima Province, Thailand","authors":"Adisak Suvittawat","doi":"10.17549/gbfr.2023.28.1.47","DOIUrl":"https://doi.org/10.17549/gbfr.2023.28.1.47","url":null,"abstract":"Purpose: This study objective was looking for the variables of customers’ responding to coworking spaces during the covid-19 pandemic in Thailand. In the study we have set up three dummy coworking spaces in Nakhon Ratchasima, Thailand by testing the customers’ responding to the dummy coworking spaces services. \u0000Design/methodology/approach: This research is qualitative research and attempted to sizing a coworking space customers’ responding to the coworking space satisfaction, based on the various perspectives which described in sub-variables. The research instrument has been developed and created by using the quantitative method as a primary investigator (PI). The sample is four hundred customers who gave their insights about coworking spaces services by measuring their satisfactions. \u0000Findings: The results show that consumers are satisfied with product, price, promotion and place perspectives that provided by coworking space providers during covid-19. The recommendation for further study at other coworking spaces in many provinces, particularly in the big cities since the covid-19 crisis is getting more severe in the New Normal. \u0000Research limitations/implications: Time plays an important factor in the covid-19 crisis and makes a difference as far as prior and after immunization. The research framework needs to conduct more at other provinces for customer satisfaction variables confirmation. \u0000Originality/value: This research is original research which explored customers' satisfaction during the Covid-19 pandemic and it provides benefits for co-working space service providers. They adapt the co-working space suitable for people who are comfortable and safe. Furthermore, the co-working space service providers have a customer insight for new service creations.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"1 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72418572","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":"The Influence of Present Health Status (Post Covid-19) on Retirement Planning Malaysia","authors":"M. Isa, Mellisa Daukin","doi":"10.17549/gbfr.2022.27.6.81","DOIUrl":"https://doi.org/10.17549/gbfr.2022.27.6.81","url":null,"abstract":"Purpose: To investigate whether present health status influence retirement planning in the new economic challenge post Covid 19. The relationship between present health status and retirement planning should be better explored and investigated for strengthening the retirement planning among Malaysian women. \u0000Design/methodology/approach: This study is developed based on a quantitative approach where primary data was acquired through online surveys to 433 workers in various locations in Malaysia. The target population of this study are people who work full time in Malaysia's government and private sectors whose ages range from 25 to 55 years old. \u0000Findings: The significant result from this study has shown that there is a health status effect on the employees' retirement planning. The result identified that the health status is an important factor for retirement planning during the post-COVID-19 among the working population in Malaysia. \u0000Research limitations/implications: Even though the COVID-19 pandemic has caused many monetary, economic and social challenges, it has also opened up a new door opportunity for constructive change. Government, policymakers and the general public need more transparent and resourceful in making difficult choices and trade-offs between short-term and long-term concerns. Nevertheless, the real challenges exposed in the COVID-19 pandemic are the lack of progressive long-term thinking on retirement planning. This paper has its limitations, that since COVID-19 is still ongoing, this study only focuses on the current present health status of Malaysian employees. \u0000Originality/value: Studying the employee's behaviour during the times of distress is important to understand how do they manage their finances. This is a valuable knowledge that could be applied in future. Many employees were caught unaware and faced challenges in the recent past. This could be avoided if prior knowledge and the savings are available.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83889832","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":"The Bounce-Back Effect: Checkmating Competitors with the Cold Hand","authors":"N. Adilov, Heather L. R. Tierney, Jayme V. Gerring, Tao Yu","doi":"10.17549/gbfr.2022.27.6.16","DOIUrl":"https://doi.org/10.17549/gbfr.2022.27.6.16","url":null,"abstract":"Purpose: The paper investigates the effect of winning performance streaks (the hot hand) and losing performance streaks (the cold hand) on future performance. Performance streaks have many implications in business settings, such as selecting stocks, hedge fund performance, employee performance, introducing new products, and business strategy. \u0000Design/methodology/approach: The paper empirically analyzes the effects of performance steaks. It uses data from world blitz chess championships. \u0000Findings: Contrary to some studies in competitive sports, the empirical analysis supports neither the hot hand nor the cold hand hypothesis. Instead, a new effect is discovered; performance increases following a loss. We term this effect to be the bounce-back effect. \u0000Research limitation/implications: Future research may conduct field experiments to investigate which business environments are likely to generate this effect. Similar to other studies on performance streaks, the analysis does not control for motivation. Future research may also analyze the role of motivation for performance. \u0000Originality/value: The paper identifies a new effect previously not investigated in the literature. In addition, the paper contributes to this literature by looking into competitive blitz chess, where psychological factors are more important than physiological factors. If the bounce-back effect holds more generally in other settings, it might have implications for predicting the performance of employees in competitive business environments.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"43 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80281726","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":"Developing Student's Nascent Digital Entrepreneurial Model","authors":"Susetyo Darmanto, Adi Ekopriyono, Djoko Darmawan","doi":"10.17549/gbfr.2022.27.6.52","DOIUrl":"https://doi.org/10.17549/gbfr.2022.27.6.52","url":null,"abstract":"Purpose: The purpose of this study was to analyze the effect of entrepreneurial orientation on entrepreneurial competence, the effect of entrepreneurial competence, entrepreneurship knowledge, environmental support on entrepreneurial self-efficacy, and the influence of entrepreneurial competence, entrepreneurial self-efficacy, and environmental support on student's nascent digital entrepreneurs in Semarang, Indonesia. \u0000Design/methodology/approach: This study uses a quantitative approach with a survey to collect data. Research respondents are 143 students in Semarang who have digital businesses. The research analysis was carried out using PLS-SEM. \u0000Findings: The result showed that entrepreneurial orientation has a positive influence on entrepreneurial competence. Furthermore, entrepreneurial knowledge, entrepreneurial competence, and environmental support have a positive effect on entrepreneurial self-efficacy. The study proves environmental support and self-efficacy have a positive effect on digital entrepreneurial behaviors. However, entrepreneurial competence has no influence on digital entrepreneurial behaviors. \u0000Research limitations/implications: This study has several limitations: the object of analysis is one area in Semarang, and only five factors that influence digital entrepreneurial behavior. Future research should expand the scope of research to more areas, and add antecedents to the model so that the results can be generalized. \u0000Originality/value: The study is highlighting the important of developing nascent digital entrepreneurs of university students because they are the answer of the necessity of the 4th industry revolution.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77975926","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":"Characteristics of firms that issue redeemable convertible preferred stock: Evidence from South Korea","authors":"Geum-ok Sim, Hyun-Ah Lee","doi":"10.17549/gbfr.2022.27.6.40","DOIUrl":"https://doi.org/10.17549/gbfr.2022.27.6.40","url":null,"abstract":"Purpose: The issuance of redeemable convertible preferred stock (RCPS) has been steadily increasing in Korea since the revision of the Commercial Act, which allows firms to issue various types of stocks, in 2010. This study aims to verify equity financing behavior by examining the characteristics of firms that issue RCPS. \u0000Design/methodology/approach: Using a sample of 12,768 firm-year observations of Korean listed companies from 2011 to 2018, this study conducts univariate and multivariate analyses to examine the factors that affect firms' decisions regarding RCPS issuance. For multivariate analysis, logistic regression analysis is used. \u0000Findings: This study shows that firms issuing RCPS have higher debt ratios and lower operating cash flows than non-issuing firms. It is also found that firms issuing RCPS are smaller and younger than non-issuing firms. These findings indicate that firms with higher costs of financial distress, lower internal cash flow, and lower credibility/reputation are more likely to issue RCPS because they are constrained by debt capacity. \u0000Research limitations/implications: According to pecking order theory, firms prefer debt over equity if external funds are required. The results of this study support the pecking order theory by providing evidence that firms rely on hybrid securities financing like redeemable preferred stock, a priority after debt when they are constrained by debt capacity. \u0000Originality/value: This study sheds light on financing decisions related to the issuance of hybrid securities from the perspective of pecking order theory. It also contributes to broadening the scope of research on hybrid securities by providing empirical evidence on the financial characteristics of firms that issue RCPS.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"104 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75900626","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":"Managing Sustainability of Energy Transition among Expert Engineers: Co-creating Technopreneurial Orientation","authors":"Y. Buana, T. Mursitama, S. Abdinagoro, Y. Pradipto","doi":"10.17549/gbfr.2022.27.6.27","DOIUrl":"https://doi.org/10.17549/gbfr.2022.27.6.27","url":null,"abstract":"Purpose: Research to improve co-creation in engineering and technopreneurial orientation is required to support the energy transition toward sustainability. This challenge is aimed at power system expert engineers, whose central role in the electricity sector is becoming increasingly complicated by the possibility of stranded assets, intermittency paradigms, and new patterns of energy flow. This research explains the importance of the co-creation process as a mediator to enable the utilization of the technopreneurial orientation among expert engineers in supporting the sustainability of the electricity sector. \u0000Design/methodology/approach: The survey method was carried out to collect data from expert power system engineers with more than ten years of experience in the national electricity sector. The quantitative method with structural equation modeling analysis and a partial least square approach was used in this research. \u0000Findings: Empowering expert engineers in a technopreneurial orientation can encourage them to co-create by prioritizing dialogue that allows for accessibility and transparency when taking risks, which is an important aspect that boosts the co-creation effect in the energy transition to sustainability. The strong behavior of experts in utilizing technopreneurial orientation and the co-creation process has been demonstrated to be capability of adopting the three aspects contained in the energy trilemma index, energy security, energy equity, and environmental sustainability, which are modified to reflect a strong tendency to achieve sustainability in the electricity sector. \u0000Research limitations/implications: Although this study's respondents are limited to expert engineers in the electricity sector, the findings have implications for the management of experts in other strategic and large-scale sectors. The limited number of respondents to expert engineers with more than ten years of work experience makes millennials excluded. \u0000Originality/value: The measurement indicator becomes novelty in this study. Sustainability was adopted and modified from the energy trilemma index. Technopreneurial orientation adopted from Lumpkin & Dess (1996) was modified by the addition of technological expertise. Then, co-creation as a mediator is taken from the DART of value co-creation.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86555418","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 the EU's Carding System for IUU Fishing on Its Trading Partners","authors":"Assia Barić, Jinhwan Oh","doi":"10.17549/gbfr.2022.27.6.69","DOIUrl":"https://doi.org/10.17549/gbfr.2022.27.6.69","url":null,"abstract":"Purpose: This study investigated the effects of the EU carding system for IUU fishing on its trading partners carded for illegal fishing practices, with the purpose of analyzing the extent to which the carding system affected trade between the EU and third countries identified and penalized for IUU fishing, and to identify factors influencing the likelihood of card removal. \u0000Design/methodology/approach: The study used fishery and aquaculture trade data from 2004 to 2020 from the European Market Observatory for Fisheries and Aquaculture Products on 26 carded countries. Major analytic tools applied in this study include OLS, Panel Random Effect, Logit and Probit Models. \u0000Findings: The study confirmed that being carded by the EU for IUU fishing significantly negatively impacted countries' fishery trade flows, especially in the case of red cards. Furthermore, increases in capture of wild fish and corruption reduced the likelihood of having the card removed. \u0000Research limitations/implications: An important limitation of this study is that it did not account for the influence of other major industry players (such as Japan, USA, China) on the country's overall trade flows. Notwithstanding, it explored how certain variables reduced the likelihood of card removal, finding that countries with higher levels of corruption and fish capture were less likely to have their cards revoked, putting them at a further disadvantage. The findings are especially important in the context of the fishing industry which supports local economies in many developing countries that are usually the target of such coercive measures. Restricted trade flows are especially damaging to small-scale fishers who are often forgotten in the global fight against IUU fishing. This study brings attention to the carding system's potential for trade disruptions and future applications of this sanctioning mechanism should take this under advisement. \u0000Originality/value: Studies of the EU carding system's produced effects remain scarce, with existing ones focusing either on individual countries or on the mechanism's general potential for curbing IUU fishing. Considering the global nature of the fishing industry and the harmful potential of the carding system for vulnerable coastal communities, this study attempted to achieve a broader and more in-depth understanding of the EU carding system's effects by examining all countries that were carded for IUU fishing from the enforcement of the IUU Regulation until 2020.","PeriodicalId":35226,"journal":{"name":"Global Business and Finance Review","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89691384","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}