Journal of Innovation in Business and Economics最新文献

Determinant of online shopping intention: Satisfaction as an intermediary 网上购物意向的决定因素：以满意度为中介

Journal of Innovation in Business and Economics Pub Date : 2023-11-30 DOI: 10.22219/jibe.v7i01.28146

Sukesi Sukesi

引用次数: 0

Clustering-based value investing strategy in the Helsinki Stock Exchange: k-means algorithm 赫尔辛基证券交易所基于聚类的价值投资策略：K-均值算法

Journal of Innovation in Business and Economics Pub Date : 2023-11-30 DOI: 10.22219/jibe.v7i02.26424

Topi Issakainen

{"title":"Clustering-based value investing strategy in the Helsinki Stock Exchange: k-means algorithm","authors":"Topi Issakainen","doi":"10.22219/jibe.v7i02.26424","DOIUrl":"https://doi.org/10.22219/jibe.v7i02.26424","url":null,"abstract":"The purpose of this research is to study the possibility of combining quantitative clustering of stocks and value investing. The feasibility of this approach is tested using Finnish market data from the period 2005 to 2021. The benchmark index used in this research is the OMX Helsinki Growth Index. The strategy is based on the combination of P/E, P/CF, and P/B ratios, which serve as the basis for the k-means algorithm. The data is pre-processed by removing stocks that have not generated positive earnings and cash flow during the previous 12 months. The k-means algorithm assigns stocks to clusters, and the cluster with the lowest financial ratios is chosen as the value portfolio. The research also includes a sensitivity analysis of value portfolios, where the initial number of clusters in the clustering phase ranges from three to ten. Returns of different value portfolios are compared to each other and the benchmark index. The quality of results is evaluated using the Sharpe ratio and Jensen's alpha. According to the findings, the value portfolio constructed using nine clusters generated the highest risk-adjusted return, with an annual return of 30.27% over the 2005 to 2021 period. Furthermore, the best-performing value portfolio from 2005 to 2017 was compared to the benchmark index from 2018 to 2021. The value portfolio achieved an annual return of 26.05% during the 2018-2021 period, while the corresponding return of the benchmark index was 11.74%.","PeriodicalId":363845,"journal":{"name":"Journal of Innovation in Business and Economics","volume":"43 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139206848","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

Real Business Cycle: Stochastic driving force decomposition of output dynamics in East Java 实际商业周期：东爪哇产出动态的随机驱动力分解

Journal of Innovation in Business and Economics Pub Date : 2023-11-30 DOI: 10.22219/jibe.v7i02.28160

Mochamad Rofik, Ayu Dwidyah Rini, David Kaluge, Rafael Alfarado

引用次数: 0

Conquering fear and embracing joy in shaping marketing strategy 在制定营销战略时战胜恐惧，拥抱快乐

Journal of Innovation in Business and Economics Pub Date : 2023-11-30 DOI: 10.22219/jibe.v7i02.25423

Aldila Caesarina, Alfina Alfina, Aditya Narendra Wardhana, Lisa Risfana Sari

引用次数: 0

Urban-rural polarization: Financial implications, challenges, and opportunities 城乡两极分化：财政影响、挑战和机遇

Journal of Innovation in Business and Economics Pub Date : 2023-11-30 DOI: 10.22219/jibe.v7i02.26288

Margherita Mori

引用次数: 0

Tweeting the economy: Analyzing social media sentiments and macroeconomic indicators 推特经济：分析社交媒体情绪和宏观经济指标

Journal of Innovation in Business and Economics Pub Date : 2023-11-30 DOI: 10.22219/jibe.v7i02.28227

Insi Fitriani, Anna Amalyah Agus

引用次数: 0

The dual pillars of academic excellence: Transformational leadership and organizational commitment 卓越学术的双重支柱：变革型领导力和组织承诺

Journal of Innovation in Business and Economics Pub Date : 2023-11-17 DOI: 10.22219/jibe.v7i01.28221

Enni Sustiyatik

引用次数: 0

Navigating entrepreneurial terrain: The role of technology readiness and gender in shaping intentions 驾驭创业领域:技术准备和性别在塑造意图中的作用

Journal of Innovation in Business and Economics Pub Date : 2023-11-15 DOI: 10.22219/jibe.v7i01.28154

Haryanto Haryonto, Retno Tanding Suryandari, Catur Sugiarto, Pram Suryanadi, Tetuko Rawidyo Putro, Christiyaningsih Budiwati

{"title":"Navigating entrepreneurial terrain: The role of technology readiness and gender in shaping intentions","authors":"Haryanto Haryonto, Retno Tanding Suryandari, Catur Sugiarto, Pram Suryanadi, Tetuko Rawidyo Putro, Christiyaningsih Budiwati","doi":"10.22219/jibe.v7i01.28154","DOIUrl":"https://doi.org/10.22219/jibe.v7i01.28154","url":null,"abstract":"The pervasive influence of information technology across various life sectors, particularly in the business realm, has prompted this study to investigate the impact of technology readiness on entrepreneurial intentions within a student context. A purposive sampling method was employed to select a sample comprising 213 college students, and Structural Equation Modeling (SEM) was utilized to assess the interrelationships among the study's constructed variables. The findings underscore the significant impact of technology readiness on attitudes, which, in turn, plays a pivotal role in shaping entrepreneurial intentions. Furthermore, the research highlights the influential roles of subjective norms and perceived behavioral control in the formation of entrepreneurial intentions. Conversely, results from the Multi-Group Analysis (MGA) do not support the gender variable as a moderating factor. However, a noteworthy revelation emerges from the bootstrapping analysis, unveiling gender-based differences in the influence of subjective norm variables on entrepreneurial intentions when comparing male and female groups.","PeriodicalId":363845,"journal":{"name":"Journal of Innovation in Business and Economics","volume":"6 9","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136229350","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

Sharia financial literacy: Decoding the nexus of civil Servants' investment choices 伊斯兰金融知识:解读公务员投资选择的关系

Journal of Innovation in Business and Economics Pub Date : 2023-10-23 DOI: 10.22219/jibe.v7i01.29022

Nisa Mutiara, Eka Askafi, Ahmad Yani, Fahmi Aquinas, Wawan Herry Setyawan

引用次数: 0

Analysis of banking competition in Indonesia and its impact on profitability: Structure conduct performance (SCP) approach 印尼银行业竞争及其对盈利能力的影响分析:结构行为绩效(SCP)方法

Journal of Innovation in Business and Economics Pub Date : 2023-09-12 DOI: 10.22219/jibe.v7i01.27156

Dwi Budi Santoso, Eddy Suprapto, Rinny Apriliany Zakaria, Husniyah Ayu Kusumaningrum, Hidsal Jamil

{"title":"Analysis of banking competition in Indonesia and its impact on profitability: Structure conduct performance (SCP) approach","authors":"Dwi Budi Santoso, Eddy Suprapto, Rinny Apriliany Zakaria, Husniyah Ayu Kusumaningrum, Hidsal Jamil","doi":"10.22219/jibe.v7i01.27156","DOIUrl":"https://doi.org/10.22219/jibe.v7i01.27156","url":null,"abstract":"In the past decade, the profits obtained by banks in Indonesia have generally tended to increase, except during the pandemic. However, the number of banking business actors in Indonesia has continued to decline, indicating that the banking structure is becoming more concentrated and potentially leading to an oligopoly. Therefore, the purpose of this study is to determine whether the increasingly concentrated banking market structure or weak competition has a significant impact on the growing profitability of banks in Indonesia. If this hypothesis is proven true, it would suggest that banking, as a financial intermediary, contributes to higher costs for economic development, particularly within financial markets. In this study, the Lerner index is employed to measure the level of concentration or competition among banks. Subsequently, the Treatment Effect Model is utilized to estimate the extent of the impact of competition levels on profitability within the banking sector. The findings of the study reveal two key points. Firstly, the reduction in the number of banking players has been accompanied by increased competition among banks in Indonesia, particularly evident after 2016. Secondly, a higher level of concentration or reduced competition corresponds to increased opportunities for banking profitability. Consequently, there are indications that the decrease in the number of banking business actors in Indonesia is correlated with heightened competition, suggesting improved efficiency in banking management. This phenomenon could elucidate the reason why profitability in the banking sector appears to be on the rise despite a decrease in the number of banking players.","PeriodicalId":363845,"journal":{"name":"Journal of Innovation in Business and Economics","volume":"137 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135886998","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