International Journal of Economics and Finance Studies最新文献

{"title":"Contributions to Succession in a Family Business from the Perspective of Global University Entrepreneurial Spirit Students’ Survey (GUESSS)","authors":"Fabiana Pinto de Almeida Bizarria, Flávia Lorenne Sampaio Barbosa, Fagner Martins Santana, Rogeane Morais Ribeiro, Maria do Socorro Silva Mesquita","doi":"10.5539/ijef.v14n12p12","DOIUrl":"https://doi.org/10.5539/ijef.v14n12p12","url":null,"abstract":"Relationship between family support and organizational commitment is investigated, in the attitude of succession in a family business, and, this one, in the succession intention. Therefore, the research operationalizes constructs studied by the Global University Entrepreneurial Spirit Students’ Survey, in a survey with 289 university students from the Federal University in Brazil. Structural modeling showed satisfactory adjustment indices to support the seven hypotheses of the study: family support assumes an important explanatory capacity for the variation of affective commitment (R2=38%), as well as of normative commitment (R2=41%); commitment (affective and normative) assumes an important explanatory capacity for the variation in the succession attitude (R2=49%); and, the suggested relationship between the succession attitude and the succession intention (β=0.775; t=22.772, p=0.000), in addition to being supported, demonstrates the greater explanatory capacity of the predictor construct variation (R2=60%). It was concluded, therefore, that prior planning, with actions that mobilize future family members (successors) can result in the achievement of the longevity of these companies.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90478229","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":"Economic Impact of Energy Efficiency Policies: A Scenario Analysis","authors":"M. Beccarello, G. D. Foggia","doi":"10.5539/ijef.v14n12p1","DOIUrl":"https://doi.org/10.5539/ijef.v14n12p1","url":null,"abstract":"The number of countries that have pledged to uphold the 2050 decarbonization targets is constantly growing, and many have established strategies and planned related investments for the coming years. The economic impact of decarbonization and energy efficiency policies has become a major topic of discussion in the global effort to mitigate climate change and contain the temperature rise to less than 2 degrees. Previous literature has identified the risks and opportunities of decarbonization policies, especially concerning the rebound effects and the situation that may arise if, due to persistent biases and the costs of fulfilling climate policies, industries were to transfer production to countries where laxer emission constraints are in force. At the core of the 2030 Agenda for Sustainable Development is the Sustainable Development Goals, which are a global call for action regardless of countries’ level of economic development. With Goal 12 on sustainable production and consumption and Goal 14 on climate change mitigation in mind, we provide an economic impact analysis of decarbonization and energy efficiency policies. We compare two scenarios based on the Italian context. The reference scenario is a simulation that shows the development of energy-efficient technologies if the targets set in the national energy strategy were to be met without additional binding targets being added. The policy scenario sees energy efficiency as the principal driver of decarbonization in the presence of a national emissions constraint lasting until 2030, as envisaged by the European Commission. The results confirm that certain risks and opportunities arise from effective policymaking. The effects of decarbonization and energy efficiency policies in the reference scenario would increase final demand by approximately €278.34 billion and the policy scenario would increase it by approximately €380.36 billion by 2030.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"226 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77002094","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 Impact of FDI Inflows on Poverty Reduction: Empirical Evidence from Egypt","authors":"Rasha M. Elakkad, A. Hussein","doi":"10.5539/ijef.v14n11p32","DOIUrl":"https://doi.org/10.5539/ijef.v14n11p32","url":null,"abstract":"Foreign direct investment (FDI) is a major driver of international economic integration. With the right policy framework, FDI can provide financial stability, promote economic development and enhance the well-being of societies. It is generally considered by many international institutions, politicians and economists, as a factor promoting the economic growth of the recipient/ host country, as well as solving the economic problems of developing countries. This can be achieved through allowing the host country to; improve its competitive position; transfer technology and knowledge between economies; promote its products on a larger scale in international markets. In addition to all these benefits, FDI is considered as an important source of capital for the host country. \u0000 \u0000In the light of this, this paper aims to determine the impact of FDI on poverty in Egypt during the period of 1961 to 2018 using Autoregressive distributive lag model (ARDL) Since there is no single variable that can capture poverty in Egypt, three variables have been used as proxy to poverty which are Household Consumption (POV1), Infant Mortality rate (POV2), and Life Expectancy at birth (POV3). After combining the results, some policy recommendations are proposed to enhance the impact of FDI on poverty reduction in Egypt which in turn affects economic growth.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77322706","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":"Informality, Trade Facilitation, and Trade Flows: Evidence from Guinea-Bissau","authors":"J. Cateia, L. Savard, Edivo Oliveira de Almeida, William Barbosa","doi":"10.5539/ijef.v14n11p21","DOIUrl":"https://doi.org/10.5539/ijef.v14n11p21","url":null,"abstract":"This paper aims to assess the role of informality and trade facilitation on the export probability of Guinea-Bissau. We include informality in the Féchet function, which gives the expression for the country’s supply probability. We find that Guinea-Bissau is about 7.2% less likely to export due to the 1% increase in informality. The export’s probability increases by about 1.7%, 4%, and 1.1% due to a 1% increase in trade facilitation, R&D stock, and year of education. These results are significant at the usual levels. We suggest a development agenda aimed at reducing the level of informality in this country.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88066216","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":"Value Investing: Evidence From Listed Companies in China’s Banking Industry During the COVID-19 Epidemic","authors":"Xiuying Qin, Tao Zhu","doi":"10.5539/ijef.v14n11p1","DOIUrl":"https://doi.org/10.5539/ijef.v14n11p1","url":null,"abstract":"The purpose of this paper is to explore the influencing factors of return on investment (ROI) from listed companies in China’s banking industry during the COVID-19 epidemic. Based on value investing perspectives, a simple accounting -based fundamental analysis is employed to establish the conceptual framework of this research which aims to discover the relationship between ROI and the historic financial indices documented in financial statements. The results from the empirical analysis shows that average three-year earning per share has a significant positive impact on ROI,while PB and NPL ratios have a significant negative impact on ROI, however, the size of the bank does not have an impact on ROI.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80363185","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":"Influence of Capital Structure on Growth in Wealth of Investment Groups in Kenya","authors":"Monicah Nderitu, A. Njeru, E. Waiganjo","doi":"10.5539/ijef.v14n10p87","DOIUrl":"https://doi.org/10.5539/ijef.v14n10p87","url":null,"abstract":"Investment groups are formed with the aim of growing and maximizing wealth for the members. However, some have failed making it difficult for them to be sustainable. The main objective of the study is to establish the influence of capital structure on growth in wealth of investment groups in Kenya, and to establish the moderating effect of group size on the relationship between capital structure and the growth in wealth of investment groups in Kenya. The study used cross sectional survey research design. The population of interest was 4020 investment groups registered by Kenya association of Investment groups. Stratified random sampling method was used and 364 investment groups were selected proportionate to the size of the strata. The survey instrument was a questionnaire administered to the group members and their officials. Pilot test was done using 36 respondents who were drawn from target population but not be included in the main study sample. Cronbach alpha was used to test reliability of the instrument, factor analysis was used in the testing of construct validity by considering average variances extracted and squared correlations of the constructs. Analysis of the data was done using descriptive statistics and inferential statistics. Descriptive statistics involved computations measures of central tendency and presented in frequency tables, pie charts and graphical charts. Inferential statistics was done using the multiple regression. Inferential analysis involved fitting of regression models. The regression analysis results obtained from the study show capital structure had a significant influence on growth in wealth. A moderated multiple regression was fitted to test the moderating effect of size on the relationship between capital structure and growth in wealth. The Moderated Multiple regression model results showed that size has a significant influence on the relationship between capital structure and growth in wealth. The findings and conclusions of this study are of significance to the investment groups. They are able to appreciate how growth in wealth of their groups is influenced by the study variables. Based on the findings the management can be able to understand the strategies to be taken in order to improve the growth of the respective investment groups.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"96 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75045191","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":"Patterns of Deindustrialization: Are Countries Converging?","authors":"F. Ferretti, M. Mariani, Elena Sarti","doi":"10.5539/ijef.v14n10p78","DOIUrl":"https://doi.org/10.5539/ijef.v14n10p78","url":null,"abstract":"During the last decades, the share of manufacturing in aggregate output (and employment) has declined in almost all advanced and emerging economies. In this paper, we investigated the patterns of deindustrialization in a sample of 117 (low-, middle-, and high-income) countries from 1995 to 2018. To this aim, we applied the nonlinear time-varying factor model, initially proposed by Phillips and Sul, to identify potential clubs wherein groups of countries converge toward a similar manufacturing share of GDP. Furthermore, we estimated an ordered logit model to assess the impact of economic globalization and technological revolution on the probability of falling into a particular club. Our results did not provide any support for the hypothesis of global convergence. However, the clustering algorithm successfully identified four strong final clubs, where the share of manufacturing on GDP ranges, on average, from 6% to 18%. Finally, the logit model indicated that as the R&D expenditures and the technological content of manufactured goods increased, so did the likelihood of belonging to a club with a high share of manufacturing value-added on GDP.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"37 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73397374","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 Effect of the Principal Component Index for Housing Quality Satisfaction on Housing Price: Urban vs. Rural Analysis","authors":"Nan-Yu Wang, Jen-Yu Lee, Chih-Jen Huang","doi":"10.5539/ijef.v14n10p63","DOIUrl":"https://doi.org/10.5539/ijef.v14n10p63","url":null,"abstract":"The 2015 Questionnaire Survey on Housing Conditions by the Construction and Planning Agency surveyed four categories of satisfactions on housing quality: living convenience, surrounding environmental quality, satisfaction on interior environment, and satisfaction on exterior environment. This study pioneeringly investigates the effect of housing satisfaction on Taiwanese housing price for six municipalities and other rural area. Since the above four survey categories of housing quality are highly overlapping, to avoid variable interaction, we construct an index for housing quality satisfaction using principle component analysis to reduce dimensionality. After controlling the moderation effect of market condition, the results show that residential area, house age, floor location, and number of floors all significantly affect housing price. More importantly, the index for housing quality satisfaction is positively related to housing price, indicating that better housing quality helps in raising housing price. However, the positive relation does not exist in Taipei City or Kaohsiung City. Consistent with previous studies, stress on high housing price may weaken the need for quality consideration, especially the case of Taipei City. Finally, market variation does not lead to difference in the relation between housing quality satisfaction and housing price.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87339719","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":"Reflections on Learning from Observational Data","authors":"Caleb Piche-Larocque, Joseph Findlay, Akhter Faroque","doi":"10.5539/ijef.v14n10p56","DOIUrl":"https://doi.org/10.5539/ijef.v14n10p56","url":null,"abstract":"The social sciences study various aspects of human behaviour – social, economic and political – based on observational data. Observational data are inaccurate and subject to simultaneity, seasonality, structural breaks, random variation and too many interlocking variables masking the underlying causal patterns. During the past two decades or so, the use experimental data (RCTs) has become widely popular across the social sciences, creating a tension between the supporters and critics of the new and the old methodologies. In this paper, we first review these methodologies, both observational and experimental, focusing on how economists and other social scientists try to learn about the underlying causal relationships from the correlations contained in the data. We then reflect on whether the new or the old methodologies should be the way forward from a purely statistical and a broader policy and development perspectives.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"68 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81191129","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":"History Repeats Itself: Too Big to Fail as a Pedagogical Tool","authors":"Ronald L. Moy, T. E. Pactwa, R. Terregrossa","doi":"10.5539/ijef.v14n10p46","DOIUrl":"https://doi.org/10.5539/ijef.v14n10p46","url":null,"abstract":"The HBO movie Too Big to Fail, based on the book by Andrew Ross Sorkin, represents a video case study of the 2008 financial crisis. The passage of time allows instructors a unique opportunity to engage students in a significant historical event that they lived through and where the impact can still be felt on the economy. It also allows us to debate policy responses to the 2020 global pandemic that may be attributed to lessons learned from the 2008 financial crisis. We also provide suggestions on using the video in the classroom and a unique approach for maintaining student engagement while viewing the video.","PeriodicalId":37166,"journal":{"name":"International Journal of Economics and Finance Studies","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78425111","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}