International Journal of Economics and Management最新文献

{"title":"A typology of consumers by their nutritional behaviors and selected lifestyle elements","authors":"I. Ozimek, G. Maciejewski, Pavol Kita, Julita Szlachciuk","doi":"10.22367/jem.2023.45.05","DOIUrl":"https://doi.org/10.22367/jem.2023.45.05","url":null,"abstract":"Abstract Aim/purpose – The paper aims to present a preliminary consumer typology based on the declared nutritional behaviors and selected lifestyle elements of Polish and Slovak consumers. Design/methodology/approach – The research was conducted in the first half of 2019, among non-randomly selected subjects representing their households from Poland and Slovakia. The empirical part of the work is based on the results of research employing a structured standardized interview. Cluster analysis was used in the analysis of the results. Findings – The results of the research showed that the eating behaviors of Polish and Slovak consumers differ. Some Polish and Slovak consumers follow the principles of healthy eating. Among Polish consumers we distinguished four types of consumers: I – “Driven by the principles of healthy eating”; II – “Implementing the principles of healthy eating”; III – “Ordinary bread eaters”; IV – “Consciously unaware.” In turn, among Slovak consumers, we distinguished also fourth types: I – “Driven by the principles of healthy eating”; II – “Exercise and drink milk!”; III – “Not attaching importance to healthy eating”; IV – “Eat tastily and healthily.” The distinguished types of consumers can be the basis for the food market segmentation. Knowledge of the typology based on declared eating behaviors and selected aspects of the lifestyle may enable food producers to develop an appropriate marketing strategy. Research implications/limitations – A certain limitation may be the non-random sample selection. An important aspect would also be to expand the analyzed research thread with additional aspects related to eating behavior and lifestyle. Another limitation is that the clusters were delivered in two separate processes for Poland and Slovakia, respectively. As a result, the clusters are different and represent two different typologies. Originality/value/contribution – The research may be an important source of information for researchers dealing with consumer typology. The distinguished types of consumers can be the basis for the food market segmentation.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"10 1","pages":"68 - 101"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79202345","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 Cash Flow, Profitability, and Sales Growth on Stock Prices With Capital Structure as Intervening Variables in Banking Companies Listed on the Indonesia Stock Exchange 2015-2019","authors":"Monica Angelin Nasution, Tengku Mella Syafrian Putri, Ahmad Sani, Syamsul Bahri Syamsul Bahri","doi":"10.54209/iem.v1i01.5","DOIUrl":"https://doi.org/10.54209/iem.v1i01.5","url":null,"abstract":"This study aims to determine the effect of cash flow, profitability and sales growth on share prices and analyze the effect of cash flow, profitability and sales growth on stock prices with a capital structure as a variable in banking companies listed on the Indonesia stock exchange for the 2015–2019 period. Sampling using purposive sampling so that the number of samples taken is 34 companies with 5 years of observation with a total sample of 170 samples. This study uses secondary data, data collection techniques using documentation studies and literature studies and the method used is path testing. The results of this study indicate that profitability has a significant effect on capital structure, while cash flow and sales growth have no significant effect on capital structure in banking companies listed on the IDX for the 2015–2019 period. Cash flow, sales growth and capital structure have a significant effect on stock prices, while profitability has no significant effect on stock prices in banking companies listed on the IDX for the 2015–2019 period. The capital structure can mediate the effect of cash flow, profitability and sales growth on stock prices in banking companies listed on the IDX for the 2015–2019 period.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75160206","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":"Applying Benford’s law to detect earnings management","authors":"Marek Sylwestrzak","doi":"10.22367/jem.2023.45.10","DOIUrl":"https://doi.org/10.22367/jem.2023.45.10","url":null,"abstract":"Abstract Aim/purpose – This paper analyzes the role of Benford’s law in the detection of earnings management in Poland. Previous research that uses Benford’s law does not split the sample into a fraud and a control group; however, this method is used in logistic regression and data mining analysis. Design/methodology/approach – The sample comprises 126 observations of Polish non-financial companies listed on the Warsaw Stock Exchange for the years 2010-2021. The author uses first, second, and first-two digits analysis as a proxy for earnings management detection. Findings – The results indicate that fraudulent companies have different deviations in the digits than control firms. Accordingly, the statistical test results indicate that control companies have weaker conformity with the Benford distribution than fraudulent companies. Research implications/limitations – The study sample is limited to 126 observations, which is due to the small number of listed firms that received a monetary fine from the Polish Financial Supervision Authority (UKNF Board) for violation of IAS/IFRS principles related to their financial statements during the study period. Originality/value/contribution – The author offers a significant contribution to the accounting literature by proposing the separation of fraudulent and control observations in Benford analysis due to differences in the deviations of digits. Also, analyzing the full sample may lead to the identification of inappropriate areas for further auditor analysis.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"15 1","pages":"216 - 236"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81986815","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":"Public sector spending, governance, and economic growth in Sub-Saharan Africa","authors":"Sulemana Mumuni, A. Njong","doi":"10.22367/jem.2023.45.08","DOIUrl":"https://doi.org/10.22367/jem.2023.45.08","url":null,"abstract":"Abstract Aim/purpose – This study examined the impact of public sector spending and governance on economic growth in Sub-Saharan Africa (SSA) and further assessed the role of governance in the causal relationship between public sector spending and economic growth in the sub-region. Design/methodology/approach – The study employed the Panel Corrected Standard Errors (PCSE) estimator on data spanning the period 2002 to 2020 across a sample of 31 selected countries in SSA. To check for the robustness of the results, we adopted the Dumitrescu and Hurlin (2012) panel non-causality test to detect Granger causality in the relationships among the variables. Findings – The findings show that spending in the public sectors alone, such as education and health, does not always yield the needed outcome of promoting economic growth. Government education expenditure stimulates economic growth in SSA, albeit the effect is statistically insignificant, whereas government health expenditure has a growth-limiting effect in SSA. The results reveal that government effectiveness, rule of law, political stability, and absence of violence/terrorism are among the governance indicators that can help to fast-track economic prosperity in SSA. However, the results further show that good governance can act as a stimulant to invigorate the effectiveness of public sector spending in achieving economic growth in SSA. The growth-enhancing complementary role of good governance to public sector spending is robust across all governance indicators except political stability for government education spending and regulatory quality for government health spending. Research implications/limitations – The findings imply that strengthening good governance in SSA is non-negotiable in managing and using public funds allocated to the public sectors and in achieving sustainable economic growth, poverty alleviation, and income inequality reduction in the sub-region. However, the findings of this study are limited to the SSA region and may not apply to other regions of the globe. Originality/value/contribution – The contribution of this paper is that it examines the moderation effect of governance in the causal relationship between public spending and economic growth in SSA while accounting for cross-sectional dependence. The paper also contributes to the existing literature by using disaggregated governance and public sector spending components to ascertain the robustness of the results and better inform policy.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"153 1","pages":"147 - 181"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74374165","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":"Analysis of Employee's Awareness Level of Occupational Health and Safety at PT. Works of Fertilizer Land","authors":"Afzalul Fajar, Yusnaidi","doi":"10.54209/iem.v1i01.4","DOIUrl":"https://doi.org/10.54209/iem.v1i01.4","url":null,"abstract":"Occupational health and safety (K3) has a very important aspect of the effectiveness and smoothness of a company's production system. In this study, the authors aim to analyze the level of awareness of employees on the importance of occupational health and safety at PT Karya Tanah Subur (KTS). The approach used is a descriptive approach method, namely by means of interviews, direct observation, and also a review of literature. This aims to determine the level of awareness of employees working at PT. KTS against K3 that will occur. The results of the analysis obtained, the authors state that the employees at PT. KTS is aware of occupational health and safety PT KTS. This can be proven from company data, namely the number of work accident rates in the company's production process is very small. In addition, the level of compliance of employees of PT. KTS towards implementing occupational health and safety programs can be implemented properly.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83154132","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 Parental Financial Socialisation and Financial Literacy on University Student's Financial Behaviour","authors":"Hanin Khalisharani, M. Sabri, I. Johan, Nik Ahmad Sufian Burhan, Ahmad Nasir Mohd Yusof","doi":"10.47836/ijeam.16.3.06","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.06","url":null,"abstract":"Children away from their parents while pursuing higher education at universities face new challenges in managing their finances and preparing to be financially independent. This study analysed and compared the effects of parental financial socialisation and financial literacy on Indonesian and Malaysian university students' financial behaviour. In total, 204 students from the Faculty of Human Ecology at IPB University and Universiti Putra Malaysia participated in the study. Data were gathered using a self-reporting questionnaire using the convenience sampling method. The independent sample t-test and multiple regression analysis were performed on the data. The results of the t-test showed that Malaysian students scored significantly higher in parental financial socialisation and financial behaviour but lower in financial literacy than Indonesian students. Moreover, the regression analyses revealed that parental financial socialisation and students' financial literacy were highly significant in influencing the sampled students' financial behaviour. However, by splitting the sample based on the student's country of origin, this study demonstrated that Malaysian students' financial behaviour was only significantly influenced by parental financial socialisation, while Indonesian students' financial behaviour was only significantly determined by financial literacy. These findings implied that Malaysian parents were more involved in shaping their children's financial behaviour or decisions. In contrast, Indonesian students were more independent from their parents, and their financial literacy level predominantly influenced their financial behaviour.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"56 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87476013","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":"Bank Specific as Moderator Between Intellectual Capital and The Performance of Malaysian Microfinance Institutions","authors":"Maryam Jameelah Hashim, M. R. Khamis, Nur Afizah Muhamad Arifin, Idris Osman","doi":"10.47836/ijeam.16.3.09","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.09","url":null,"abstract":"This study aimed to investigate whether intellectual capital (IC) impacts the performance\u0000of microfinance institutions (MFIs). This study also attempted to uncover the effect of microfinance institution specification (banks or non-banks) as a moderating variable in the association between intellectual capital and MFIs performance. There were 300 respondents, however, only 156 managers answered the structured questionnaires that were sent out using the purposive sample technique. The partial least square structural equation modeling (PLS-SEM) was used to analyze the research model in this study. The findings show that human capital and structural capital have a favorable impact on MFI performance. This influence, however, does not extend to the MFIs' customer capital and social capital. Furthermore, the research model can explain 59.9 percent of the significant variance in MFI performance. This study contributes to the theoretical expansion of the resource-based view (RBV) in forecasting the MFIs success. The framework suggested in this study can be used as a reference to assist MFIs management in selecting relevant intellectual capital aspects to improve Malaysian MFIs.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89215497","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":"Bank Ownership and Non-Performing Loans of Islamic and Conventional Banks in An Emerging Economy","authors":"Andrew Tek WEI SAW, AI YEE OOI, Woon Kan Yap, Z. Patrick, S. Salam","doi":"10.47836/ijeam.16.3.05","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.05","url":null,"abstract":"This study assesses the non-performing loans of conventional and Islamic banks as well as the influence of ownership on the non-performing loans of conventional and Islamic\u0000banks. Due to fundamental differences in Islamic and conventional bank such as funding, non-performing loans might have differing effects on Islamic and conventional banks. This study utilised data of 26 conventional banks and 16 Islamic banks from Malaysia from 2012 to 2020. A Random Effect model was used to investigate the difference between conventional and Islamic banks’ non-performing loans as well as the influence of ownership on non-performing loans of conventional and Islamic banks. Results showed no significant differences for non-performing loans of conventional and Islamic banks. This result implies that despite the fact that Islamic banks may benefit from lower agency costs, this does not considerably decrease the likelihood of non-performing loans. Foreign Islamic banks shows higher non-performing loans in comparison to domestic Islamic banks. However, there were no significant differences for non-performing loans between foreign conventional and domestic conventional banks. This study suggests that Islamic bankers, particularly those intending to expand into other countries, investigate nonperforming loans, which can impact the risk of a foreign Islamic bank.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82951251","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":"Measuring Central Bank’s Policy Effectiveness in Affecting Intention to Use New Payment Platform During The COVID-19 Pandemic","authors":"Wishnu. Badrawani","doi":"10.47836/ijeam.16.3.04","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.04","url":null,"abstract":"This study evaluates the effectiveness of central bank policy in influencing intention to use a new payment platform, QRIS (Quick Response code Indonesian Standard). The evaluation is hindered by the contemporaneous emergence of the COVID-19 pandemic, which acts as a confounding factor in adopting the new payment instrument. To disentangle the effect of those variables, we collected data from 617 respondents consisting of customers and merchants, employed a structural equation model with SmartPLS, asses fourteen hypotheses with demographic factors included as moderating factors. The result of the study successfully disentangles the policy impact from the pandemic impact and separates the risk of a pandemic from common risks. We verify that the pandemic and government intervention had significant direct and indirect effects on the intention to use QRIS, with the habit being the most influential component, outperforming other technology adoption determinants. This study, therefore, contributes to the advancement of the literature on the topic of technology adoption and government intervention and suggests that this measuring approach can be used as a complementary instrument to assess the impact of central bank policy on the public.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91081227","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":"Do Vaccines’ Announcements Cure Stock Market Volatility? Evidence From the Gulf Cooperation Council (GCC) Markets","authors":"Elgilani Elshareif, M. Kabir, Davide Contu, M. Mujahed","doi":"10.47836/ijeam.16.3.07","DOIUrl":"https://doi.org/10.47836/ijeam.16.3.07","url":null,"abstract":"COVID-19 has been impacting stock markets worldwide. Yet, a scant amount of research\u0000has been done on the stock markets of the Gulf Cooperation Council (GCC) markets. In this work, we aim to investigate whether and to what extent local and international events linked to the COVID-19 outbreak have impacted stock market volatility of the GCC countries. We model stocks’ returns of these countries between January and December 2020, decomposing the errors’ heteroskedasticity to account for main international and local events related to COVID-19. These events have been included as structural breaks and measured using dichotomous variables. Both local and international events were found to be associated with significant variations in volatility; however, local events seem to have impacted volatility to a lesser extent compared to international events. The announcement of the status of pandemic by the WHO had the greatest impact on volatility across the GCC markets, even greater than the impact associated to the drop in oil prices. The announcement of local approval of vaccine led to a reduction in volatility in UAE (ADX), Qatar, Saudi Arabia and Bahrain.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81913972","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}