{"title":"Determinants of Liquidity and Market Risk and the Effect on Bank Performance in Bahrain and Malaysia Banking","authors":"N. A. Zolkifli, K. Samsudin, Mohd Burhan Yusof","doi":"10.18178/IJTEF.2019.10.1.630","DOIUrl":"https://doi.org/10.18178/IJTEF.2019.10.1.630","url":null,"abstract":"This paper examines the determinants of liquidity and market risk of conventional and Islamic banks for two countries; Malaysia and Bahrain and the effect of the determinants on bank performance. Data were collected from 2008 to 2016 and analyzes using panel data analysis. The results reveal that bank capitalization and interest rate are significant determinants of liquidity and market risk respectively in both countries. In addition, banks capitalization and non-interest income/income attributable significantly affects performance in both banking system. The findings of this study among others can assist the banks in complying with the existing guidelines on risk management and supervision provided by the Basel Committee on Banking Supervision and Islamic Financial Services Board. Instead of that, this result also can coordinating technical and vocational education and training development with government departments responsible for trade and industry especially in banking system, workplace relations, and science and technology, to align skills being taught with government policy directions.","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123448694","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 Tax Planning on Financial Performance in the Stock Exchange of Thailand","authors":"Sathaya Thanjunpong, T. Awirothananon","doi":"10.18178/IJTEF.2019.10.1.632","DOIUrl":"https://doi.org/10.18178/IJTEF.2019.10.1.632","url":null,"abstract":"","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131193571","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":"An Overview of Fund Performance and Attributes: A Preliminary Relationship Analysis for Polish Mutual Funds","authors":"Dariusz Filip, bl. Warsaw Poland","doi":"10.18178/IJTEF.2019.10.1.629","DOIUrl":"https://doi.org/10.18178/IJTEF.2019.10.1.629","url":null,"abstract":"","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128204358","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 of Balance of Trade in the Sri Lankan Economy","authors":"E. Weerasinghe, T. R. Perera","doi":"10.18178/ijtef.2019.10.1.631","DOIUrl":"https://doi.org/10.18178/ijtef.2019.10.1.631","url":null,"abstract":"The Sri Lankan economy has experienced a balance of trade deficit over the past four decades and this paper attempts to identify the macroeconomic variables which have influenced such a situation. Thereby, this study is mainly focused on four exogenous variables including an endogenous factor which may affect the external balance of an economy. The model used in this study is developed for the first order autoregressive process as used by many research studies carried out in the recent past relating to this area, by using the quarterly data from the 2000Q1 to 2015Q2. According to the empirical results, it was observed that gross domestic product; volumes of imports and inflation rate have a significant impact on the balance of trade deficit in the Sri Lankan economy. A nominal exchange rate and direct foreign investments have not influenced the current situation. There is a positive relationship between the exchange rate and the trade balance which is not a significant factor and this result is not supported by the latest studies carried out. Thus, it can be concluded that the policy measures taken during the past four decades of Sri Lankan economic history regarding the exchange rate has had little less an influence in rectifying the external balance problem in Sri Lanka.","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121848015","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 of Micro-Enterprise Cluster Innovation: Analysis of Member Identification and Satisfaction of Leadership","authors":"Yao-Chin Lin, Wei-Hung Chen, Wei-Chun Liu","doi":"10.18178/IJTEF.2019.10.1.633","DOIUrl":"https://doi.org/10.18178/IJTEF.2019.10.1.633","url":null,"abstract":"This research focuses on cluster, and explores the determinants of Micro-Enterprise Cluster Innovation through interviews to explore member identification and satisfaction of leadership. The research method used interviews to collect views of six members on the diffusion of e-commerce. This research found that: 1. Relationship between cluster leader's satisfactions is high. 2. Members believe that the importance of leaders in cluster innovation is higher than their importance. 3. The key factors for innovation success are leader and members, leader, consensus, self-capability, cooperation. Finally, this research proposes theoretical, practical implications and recommendations for future research.","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129358630","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 Trade Balance on Current Account of ECOWAS Member Countries","authors":"Peter Adamu, J. Audu","doi":"10.18178/IJTEF.2018.9.6.627","DOIUrl":"https://doi.org/10.18178/IJTEF.2018.9.6.627","url":null,"abstract":"—This study attempts to investigate the impact of trade balance on current account of ECOWAS Member State in a panel framework using a traditional panel. Data for 15 member countries were used for the period 2000-2016. The random effect model was used to draw a conclusion based on the outcome of the hausman test. The results revealed that trade balance significantly impact on current account balance. Specifically, merchandise export shows that more export improves current account balance while imports in merchandise reduce current account balance. Given the unchanged structure of the current accounts of the Balance of Payments of Member countries as a bloc, we conclude that an improvement of the trade balance is a precondition to the improvement of the current account balance. This can be done through long-term and sustainable substitution of imports with domestic production and also with effective export promotion. Increasing foreign direct investment and export promotion can be considered, in the longer term, the main way to improve the Trade Balance of member state.","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122021178","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":"Normalization Policy of the Fed and Conflicting US Economic Data","authors":"B. Tabrizi","doi":"10.18178/IJTEF.2018.9.6.624","DOIUrl":"https://doi.org/10.18178/IJTEF.2018.9.6.624","url":null,"abstract":"The data-based monetary policy of the Federal Reserve System, the US Central Bank, results from a two-day meeting held by the members of the Federal Open Market Committee (FOMC) eight times a year. The principal decision regards the target federal funds rate upon which monetary policy is set to work. This paper examines the status of the US economy as a ground based on which the Fed has already taken the “liftoff” step in the normalization process of its balance sheet. Following the FOMC decision at the December meeting of 2014, the Fed commenced its “liftoff” process by raising the federal funds rate range of 0.5 0.75 from 0.00 0.5 in December 2015. The decision was, primarily, backed by the expectation of the continual fall in the unemployment rate. However, the data-based approach can sometimes be misleading. The numbers in data can be partial in revealing the economic facts due to its method of calculation. As a result, the given data may portray a different picture of the state of the economy. Following an evidence-based approach, this paper intends to overhaul a host of current economic data on economic growth and the labor market to retrace the debates on the Fed’s normalization policy.","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"89 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114225022","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":"Assessing the Impact of WTO Trade Facilitation Agreement on Oman’s Economy","authors":"A. Shamakhi, A. Akintola, H. Boughanmi","doi":"10.18178/ijtef.2018.9.6.623","DOIUrl":"https://doi.org/10.18178/ijtef.2018.9.6.623","url":null,"abstract":"The WTO Trade Facilitation Agreement recently went into force following its ratification by two third of WTO members on 22 February 2017. The world trade report 2015 estimates showed that the full implementation of the TFA could reduce trade costs by an average of 14.3% and boost global trade by up to $1 trillion per year, with the biggest gains in the poorest countries. Oman is aiming to diversify its economy away from oil while boosting the trade and logistics sector. The objective of this paper is to study the possible effects of WTO trade facilitation agreement on Oman’s economy. The paper used the standard GTAP Computable General Equilibrium (CGE) model using the latest GTAP database v9 and additional data. The GTAP database was modified to include Ad-valorem equivalents of non-tariff barriers (AVE) calculated for the GCC countries considering Oman as part of the GCC common market. The simulation considered two main scenarios: I) Oman increase in trade facilitation by 10% because of the important investment in logistics and II) the GCC increase trade facilitation by 7% due to enforcement of WTO Trade Facilitation Agreement in 2017. The overall results showed significant positive increase in trade and welfare. The first scenario yielded 4.3 per cent gain in Oman's GDP and boosted export sales of many food commodities, transport equipment and other manufacturing. The second scenario showed relatively moderate results. UAE and Bahrain gained significantly in terms of welfare and GDP as they are trade driven economies with good logistic sectors. The welfare gains among all the GCC countries varied from 2 to 4.9%. Overall all the sectors showed significant positive increase in exports, most especially the food commodities. However, the same food commodities showed a significant decrease in imports while gas products showed dramatic increase in importation.","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131219902","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":"Emerging Technology: Toward a Conceptual Definition","authors":"Oleg Litvinski","doi":"10.18178/ijtef.2018.9.6.625","DOIUrl":"https://doi.org/10.18178/ijtef.2018.9.6.625","url":null,"abstract":"","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"23 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120821537","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 A Forex Expert Advisor Based on Japanese Candlestick Patterns and Technical Trading Strategies","authors":"Watthana Pongsena, Prakaidoy Ditsayabut, Panida Panichkul, Nittaya Kerdprasop, Kittisak Kerdprasop","doi":"10.18178/ijtef.2018.9.6.622","DOIUrl":"https://doi.org/10.18178/ijtef.2018.9.6.622","url":null,"abstract":"","PeriodicalId":381210,"journal":{"name":"International Journal of Trade, Economics and Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130931886","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}