European Journal of Economic and Financial Research最新文献

{"title":"SENSITIVITY OF MACROECONOMIC VARIABLES TO EXCHANGE RATE SHOCK IN NIGERIA AND SOUTH AFRICA: A STRUCTURAL VECTOR AUTO REGRESSION APPROACH","authors":"A. Adejayan, M. O. Oke","doi":"10.46827/ejefr.v5i3.1201","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1201","url":null,"abstract":"This study investigates the sensitivity of macroeconomic variables to exchange rate shocks in Nigeria and South Africa between 1982 and 2018. Specifically, the study investigated the response of Foreign Direct Investment (FDI), Gross Domestic Product growth rate (GDPGR), Import rate (IMPORTR), Export rate (EXPORTR) and Inflation rate (INFR) to exchange rate shock in these Countries. The data used for analysis is secondary by nature and was obtained from the World Development Bank Indicators. The estimation technique employed was structural Vector autoregression (SVAR), impulse response function (IRF), and variance decomposition function (VDF). The Structural Var result revealed that exchange rate shock had negative effect on FDI in the countries but insignificant. The result on GDPGR revealed that the effect is only positive in South Africa but insignificant in both economies. For IMPORTR and EXPORTR, the effect is positive in all the zones but significant only in Nigeria. For INFR, the effect is significantly positive in South Africa at 5% significant level but insignificantly negative in Nigeria. Impulse response result revealed that in Nigeria and South Africa, all the variables were negatively sensitive to exchange rate shock but temporal except INFR that was positive and permanent in South Africa. However, the variance decomposition function for the zones revealed that apart from own shock, exchange rate shock had relatively high contributions to variations in IMPORTR, EXPORTR, and INFR in Nigeria. Also, in South Africa, exchange rate shock contributed the largest variations in EXPORTR and INFR. Based on the findings, this study concludes that the macroeconomic variables of the countries are sensitive to exchange rate shock more in the short run but undecided in the long run. Moreover, the permanent response of INFR to exchange rate shock in South Africa calls for serious attention by the regulatory authorities in this economy. Therefore, this study recommends that conscientious effort be made by policy makers in ensuring exchange rate management in the zones for better performance of the macroeconomic variables. \u0000 \u0000JEL: F31, F41, N1, N10, N17 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116164944","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":"JOURNAL INTÉGRÉ DE GESTION-EDR BASE DU SYSTÈME D’INFORMATIONS INTÉGRÉ DES PME - ETUDE DE CAS DE DEUX ENTREPRISES MAROCAINES / INTEGRATED MANAGEMENT JOURNAL-EDR BASIS OF THE INFORMATION SYSTEM OF SMES - THE CASE STUDY OF TWO MOROCCAN COMPANIES","authors":"Ghizlane Benazzouz","doi":"10.46827/ejefr.v5i3.1195","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1195","url":null,"abstract":"Dans un environnement économique mondial caractérisé par la complexité et l’incertitude, les dirigeants d’entreprises ont besoin périodiquement d’informations comptables et financières pour assurer d’une manière pertinente la gestion dont ils ont la charge. L’innovation du Journal Intégré de Gestion – EDR, ou JIG-EDR, base des système d’informations intégré des PME, assurant la disponibilité de l’information au bout du doigt, au bon moment permettant de prendre des décisions adéquates au quotidien est la clé de la réussite et s’avère une condition primordiale pour assurer la pérennité. L’innovation du Journal Intégré de Gestion - EDR ou JIG-EDR, aide les gestionnaires à garder une traçabilité de toutes les opérations effectuées au sein de l’entreprise d’une manière intégrée, cohérente, facile à programmer et à utiliser, et les résultats sont faciles à interpréter. Cette facilité est donc son point fort, car il peut être utilisé même par des profanes en comptabilité. Et ainsi, il va permettre au gestionnaire des PME de dépasser les handicaps de la complexité comptable. Le JIG-EDR permettra d’élaborer d’une manière très simple des Tableaux de Bord Stratégique et des Tableaux de Bord de Gestion Courant. Cette innovation répond à un vrai besoin des responsables des entreprises qui n’attendront plus la fin de l’année pour essayer de comprendre leur bilan comptable et prendre des décisions tardives mettant en péril leur entreprise. \u0000 \u0000In a global economic environment characterized by complexity and uncertainty, business leaders need periodic accounting and financial information to ensure the relevance of the management they are in charge of. The innovation of an Integrated Management Journal -EDR, or JIG-EDR, Basis of the information system of SMEs, ensuring the availability of information at the fingertips, at the right time to make appropriate decisions on a daily basis is the key to success and is a primary condition to ensure the sustainability of the company. The innovation of an Integrated Management Journal - EDR or JIG-EDR, help managers to keep track of all the operations carried out within the company in an integrated, coherent, easy to program and use way, and the results are easy to interpret. This ease of use is its strong point, as it can be used even by accounting laymen. And so, it will allow the SME manager to overcome the handicaps of accounting complexity. The JIG-EDR will allow elaborating in a very simple way Strategic Dashboards and Current Management Dashboards. This innovation meets a real need for company managers who will no longer wait until the end of the year to try to understand their balance sheet and make late decisions that could jeopardize their company. \u0000 \u0000JEL : L20 ; L23 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122389897","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 ACCEPTANCE OF MOBILE PAYMENT AND SUSTAINABLE USAGE INTENTION IN MALAYSIA: AN ANALYSIS BASED ON UNIFIED THEORY OF ACCEPTANCE AND USE OF TECHNOLOGY (UTAUT)","authors":"Cao Yong, J. Tham, S. Azam, A. Khatibi","doi":"10.46827/ejefr.v5i3.1191","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1191","url":null,"abstract":"Mobile payment refers to a payment method by which a consumer pays a bill for goods or services through a mobile terminal. mobile payment users can send payment instructions directly or indirectly to a bank financial enterprise via mobile devices or proximity sensing devices, thereby enabling currency payments and funds transfers. It realizes the integration of terminal equipment, Internet, application providers and financial institutions, and completes financial business such as currency payment. However, the adoption rates of this payment method are relatively low in Malaysia. This research aims to identify and explore key factors that affect the decision of whether to use mobile payments. Qualitative and quantitative research are the main methodology in this research. The well-established theories, Unified Theory of Acceptance and Use of Technology (UTAUT) is applied to investigate user acceptance of mobile payments. An empirical model for acceptance of mobile payment in Malaysia is established in this paper. Survey data from mobile payments users are used to test the proposed hypothesis and the model. The result of data analysis shows that Malaysian consumers’ perceptions of cost has no statistically significant relationship with attitude to adopt mobile payment. On the other hand, the factors of Effort Expectancy, Performance Expectancy, Social Influence and Consumer Trust play significant roles. The results of this study also have some practical implications for the spread and management of mobile payment industry in Malaysia and some suggestions are offered to mobile payment platform. At the end of this paper, the limitations and future research directions are listed. \u0000 \u0000JEL: M10; M15; D12 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121871923","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":"IMPACT OF ISO TOTAL QUALITY MANAGEMENT PRINCIPLES ON DEPARTMENT OF MUNICIPAL AFFAIRS AND TRANSPORT","authors":"Marwa Naji Ali Alkhater Albuainain, A. Khatibi, S. Azam, Jacqueline Tham","doi":"10.46827/ejefr.v5i3.1183","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1183","url":null,"abstract":"Total quality management (TQM) is a collection of strategies for constantly improvement inside organisations. The government of UAE has made considerable measures towards the adoption of TQM. Despite that, many organisations in UAE are not able to adopt the principles of TQM. The purpose of this study is to explore the influence of TQM principles proposed by the International Organization for Standardization on Department of Municipal Affairs and Transport quality. This study employed quantitative technique to address research questions. The conclusion of this study reveals that department of municipal affairs and transport industries need to adopt the principles of TQM according to the seven principles of ISO to achieve high Department of Municipal Affairs and Transport Quality. This study recommends that transport industries in UAE should establish a department of quality office in each college headed by specialist managers in TQM who will be responsible for following-up and monitoring the application of TQM like continuous improvement, teamwork spirit, and sharing decision-making. \u0000 \u0000JEL: H12; H50 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114761585","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":"CAPITAL EFFICIENCY AND DEFAULT RISK, EMPIRICAL EVIDENCE FROM COMMERCIAL BANKS IN KENYA","authors":"Oduor Joseph Atieno, T. Olweny, J. Miroga","doi":"10.46827/ejefr.v5i2.1180","DOIUrl":"https://doi.org/10.46827/ejefr.v5i2.1180","url":null,"abstract":"The main objective of this study was to determine effect of capital efficiency on default risk in commercial banks in Kenya. According to the bank supervisory report, the interest rate spread widened to 13 per cent at the end of December 2011 from 10.3 per cent by December 2010 which the CBK Governor termed as a sign of inefficiency in the banking sector. Secondary data was used in the study and descriptive survey design was applied. The target population was 42 Commercial Banks in Kenya out of which 2 were under receivership and 1 was under statutory management. Panel data for 39 commercial banks for the six years period from 2014 to 2019 were obtained from the CBK and individual bank websites. The study was guided by Agency theory, Moral hazard theory and Stakeholders theory. Descriptive statistics, correlation analysis and random and fixed effects were used for secondary data using E-views software. The findings indicated correlation coefficients of capital adequacy and return on equity of -0.14 and -0.11 respectively signifying a negative correlation between capital efficiency and non-performing loans. It was recommended that capital efficiency be strengthened to reduce non perfuming loans. \u0000 \u0000JEL: G10; G20; G21 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126364951","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":"EXCHANGE RATE PASS-THROUGH IN MOROCCO: A STRUCTURAL VAR APPROACH","authors":"El Amri Youness, Abdelhamid El Bouhadi, Mimoun Benali","doi":"10.46827/ejefr.v5i3.1179","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1179","url":null,"abstract":"This study analyzes the impact of short- and long-term exchange rate fluctuations in Morocco. The purpose of this paper is to study the shocks transmission of exchange rates variations to prices index known as exchange rate pass-through. The empirical results of the quarterly data between 2000 and 2018 revealed that the pass-through of the exchange rate in Morocco is quite important, but incomplete and delayed in three categories of price index: consumer price index, Imports price Index and Industrial production price Index. \u0000 \u0000JEL: G15, G17, C51, C52 \u0000 \u0000<p> </p><p><strong> Article visualizations:</strong></p><p><img src=\"/-counters-/edu_01/0925/a.php\" alt=\"Hit counter\" /></p>","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117205181","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":"DEFICIT FINANCING AND ECONOMIC RECOVERY","authors":"I. Ihegboro, Ebele Igwemeka, N. Nwonye, Okereke Lawrence Okoronkwo, Onodugo Ifeoma, Collins Chimkamma Chinda","doi":"10.46827/ejefr.v5i3.1178","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1178","url":null,"abstract":"Regardless of the vast amount of debt Nigerian government accommodate annually, the projected level of development is not realized as sizeable percentage of her citizens still lives in miserable poverty, low standard of living and soaring level of unemployment and so on. Consequently, one starts to question why the theoretical proposition seems not to be working in the Nigerian perspective. It is based on these commotions that this research work seeks to scrutinize the effect of deficit financing on recovery and development of the Nigerian economy between the periods 1981 to 2015 employing error correction model and granger causality test. Study exposes that Federal Government external debt displays a significant P-value of 0.0173 with a positive coefficient of 0.000031 signifying that 1% increase in government external debt is capable of intensifying economic recovery and development in Nigeria to the tune of 0.00003. The details of the causality test also corroborate the report in the error correction model and thus advocate that external debt extensively adds to the development of the Nigeria economy while domestic debt and deficit budget does not give the impression to granger cause economic development in Nigeria. On this basis, study affirms that deficit financing is a crucial incentive in advancing economic development in Nigeria if effectively disbursed for the primary rationale for which it was meant for. Additionally, study thus authenticates the Keynesian theory of the existence of positive relationship between deficit financing and economic recovery. On this note, study recommends that executives of the Nigerian economy should harmonize the appropriation of borrowed fund and make certain that it is well utilized towards improving the capital and production dominance of the nation as this will further boost the realization of accomplishing a sustainable level of economic development in Nigeria. \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126801841","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":"DIGITAL FINANCIAL INNOVATION SERVICES AND THEIR IMPACT ON THE PERFORMANCE OF COMMERCIAL BANKS IN KENYA","authors":"V. Wachira, F. Kalui, John Gathii","doi":"10.46827/ejefr.v5i3.1174","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1174","url":null,"abstract":"The study aimed at investigating the impact of digital financial services on the financial performance of Commercial Banks in Kenya using secondary dataset generated from the Central Bank of Kenya (CBK) and the Communication Authority of Kenya (CAK) for a period of five years (2015-2019). To achieve this objective, the study used a multiple regression and Pearson correlations. The study using the Pearson correlations found negative correlations between mobile money (registered mobile money accounts, active mobile money agents and mobile money deposits and withdrawals), digital payments (P2P transfers) and performance of commercial banks. However, the study found positive and significant relationship between customer deposits, Gross non-performing loans and performance of commercial banks in Kenya. The study therefore concludes that digital financial services offered by Fintech companies have a negative impact on the performance of Commercial banks in Kenya and recommends that commercial banks should continuously develop more digital financial services and collaborate more with Fintech companies to improve on their performance. The originality of this study will be of benefit to managers of Commercial banks. \u0000 \u0000JEL: G21, G23, N27, O30, O31, O39 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129303436","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 ECONOMIC IMPACT OF THE COVID-19 PANDEMIC ON ETHNIC MINORITIES – THE CASE OF LONDON, UNITED KINGDOM","authors":"A. Šestanović, F. Qureshi, Sarwar Khawaja","doi":"10.46827/ejefr.v5i3.1158","DOIUrl":"https://doi.org/10.46827/ejefr.v5i3.1158","url":null,"abstract":"This paper aims to analyse the economic impact of the Covid-19 pandemic on ethnic minorities. The focus is on ethnic minorities in London, particularly before and during the Covid-19 pandemic. We investigated the discriminatory practices towards ethnic minorities in the economic downturn caused by the Covid-19 pandemic. These are primarily related to the labour market and the sectors and occupations most affected by the pandemic. We used Government data on the UK's different ethnic groups and the London Datastore, an open data-sharing portal. We also reviewed the empirical literature in economics on discrimination in the labour market before and during the pandemic. The adverse effects of the pandemic have been much more severe in economic downturns than during more stable economic times. We found that, before and during the Covid-19 pandemic, there have been persistent differences in particular economic aspects between ethnic minorities and white men and women. Over the past decade, ethnic minorities in the UK have made progress in the median pay gap, employment gap and unemployment rates. However, ethnic minorities in London have faced more challenges than those in other parts of the UK. In addition, during the Covid-19 pandemic, unemployment rates were much higher for ethnic minorities than they were for whites. \u0000 \u0000JEL: H12; H50; H83; I10 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131247764","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":"POPULATION GROWTH INDUCED AND HOUSEHOLDS FINANCIAL VULNERABILITY IN NIGERIA","authors":"Chidinma C. Mbah, C. K. Okoli, Chinecherem M. Uzonwanne","doi":"10.46827/ejefr.v5i2.1155","DOIUrl":"https://doi.org/10.46827/ejefr.v5i2.1155","url":null,"abstract":"Nigeria has been recording a rapid increase in its population over the years. This reality has posed a serious concern for the welfare of households especially as the increase in population growth puts households at the risk of financial vulnerability. Based on this, this study is on the move to examined the impact population growth induced has on household in Nigeria. The study made use of secondary data obtained from World Bank and the Central Bank statistical bulletine spanning from 1981 to 2020 to analyze the impact of population growth induced and its financial vulnerability on household using a structural vector autoregressive model (SVAR). After the analysis, the study found out that in the long run, an increase in financial vulnerability, due to an increase in population growth decreases household welfare in Nigeria. Hence, this study recommends that the Nigerian legislature should formulate a law against rapid population growth induced to ensure that the increase in population does not outscore the means of subsistence. \u0000 \u0000JEL: H10; H31 \u0000 \u0000 Article visualizations:","PeriodicalId":376871,"journal":{"name":"European Journal of Economic and Financial Research","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127509886","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}