International Journal of Economics and Management最新文献

{"title":"The Impacts of The Systematic, Idiosyncratic Risks and Market Sentiment on China A-Shares Performances","authors":"Jiaqi Da, Annuar MD. NASSIR, Mohd Padzil Hashim, Wei THENG LAU","doi":"10.47836/ijeam.16.2.01","DOIUrl":"https://doi.org/10.47836/ijeam.16.2.01","url":null,"abstract":"The purposes of this paper are (i) to examine 3 driving factors affecting China A-shares\u0000market performance; namely systematic risk, idiosyncratic risk, and market sentiment, and (ii) to investigate the relationship between state-owned enterprise (SOE) & non-SOE and stock returns. In addition, the study also analyze normal condition and the impacts of Sino-US trade war and Covid-19 pandemic. This study employs monthly data which is\u0000divided into two parts namely (i) 2004-2020 period and (ii) 2018-2020 period. Multiple\u0000classic asset pricing models are employed to investigate the impacts of the 3 driving\u0000factors on stock returns. The results showed that these 3 driving factors exert significant influence on China A-shares in 2004-2020, However, the impact of market sentiment is weak during the period 2018-2020. Furthermore, market risks, firm size and B/M factor show great impacts on both SOE and non-SOE, profitability factor affecting non-SOE stock return is more important than investment which improves SOE stock return. This study proposes that investors and companies pay more attention to systematic risk and idiosyncratic risk, which potentially have greater impact on the stock market and to reduce unnecessary economic losses.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"386 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86555552","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 the Investor Sentiment Index (SMI) on the Malaysian Stock Market during the COVID 19 Pandamic","authors":"Ali Albada, Nurhuda Nizar","doi":"10.47836/ijeam_16.2.06","DOIUrl":"https://doi.org/10.47836/ijeam_16.2.06","url":null,"abstract":"COVID-19 is a highly contagious viral infection that has changed the world, with many\u0000human lives being lost. This study aimed to analyse investors' sentiment and stock market\u0000behaviour in Malaysia during the COVID-19 pandemic. Stock market performance was\u0000measured through the FTSE BURSA 100 Index (T100) from January 29, 2020, until\u0000March 31, 2021, by employing principal component analysis (PCA) to construct the\u0000investors' Sentiment Index (SMI). The results indicated that the sudden outbreak of\u0000COVID-19 and its rapid spread significantly impacted investors' psychology, which\u0000disrupted investors' investment decisions. Furthermore, rapid increases in confirmed\u0000COVID-19 cases and deaths increased the uncertainty and unpredictability of the country's\u0000economic situation. As a result, the Malaysian financial market showed a steep downward\u0000trend during the COVID-19 pandemic","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"58 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78842194","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 Willingness to Pay for Beach Recreational Facilities in Malaysia","authors":"W. N. W MOHAMAD, F. Abdul Fatah, Zaiton Samdin, Bakti Hasan Basri","doi":"10.47836/ijeam_16.2.03","DOIUrl":"https://doi.org/10.47836/ijeam_16.2.03","url":null,"abstract":"The tourism sector plays an important part in Malaysia's economy. It includes beach and recreational tourism. However, most recreational beaches in Malaysia do not impose an entrance fee on visitors. Depending on government funding to maintain recreational beach facilities is not the best option for the future. Therefore, funding directly from visitors is needed to help cater for beach maintenance costs. Based on this, it is crucial to understand how much visitors are willing to pay for the recreational use of beaches, as any money collected could be used to help to improve facilities and services at beach areas. This study investigated visitors' willingness to pay for recreational beach facilities and has provided policy recommendations for better management of tourist facilities and services in the future. Teluk Kemang beach in Port Dickson was chosen as the case study location. This study applied the Choice Experiments (CE) method, and the model used was the Conditional Logit (CL) model. This research used four attributes: amenities, recreational facilities, cleanliness, and entrance fee. The CL results revealed that visitors were willing to pay for good amenities and cleanliness, with values of RM2.07 and RM2.43, respectively. Therefore, it was discovered that it was practical to charge an entrance fee to cover improved maintenance of beach facilities.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87001637","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 Effects of Credit Supply Shocks on Malaysia's Economy","authors":"M. K. Afham, Anitha Rosland","doi":"10.47836/ijeam_16.2.08","DOIUrl":"https://doi.org/10.47836/ijeam_16.2.08","url":null,"abstract":"This study has examined the impacts of credit supply shocks and other common economic shocks (aggregate demand & supply and monetary shocks) on Malaysia's macroeconomic variables, using the Bayesian structural vector autoregressive (SVAR) model and employing sign restrictions. The results showed that an expansionary credit supply shock positively affected the Malaysian economy, consistent with the existing literature. Based on the variance decomposition finding, credit supply shocks explained a significant portion of the anticipated variation in the GDP growth, inflation, and, most importantly, credit growth in Malaysia. This study further decomposed total private non-financial corporate loans into two components: households and non-financial firms. Unlike other economies that have extensively researched this subject matter (US, UK, Euro Area), the growth rate of households and non-financial firms differed greatly in Malaysia. The empirical findings revealed considerable distinctions between these two components, indicating that different treatments or policy formulations are required rather than employing the same policy to boost or govern Malaysia's credit market.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"89 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77031866","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":"Migrant Food Handlers’ Impacts on Food Quality and Safety in Malaysia Food Service Industry","authors":"Nurul Nabila Yusoff, Shahareh Shahidi Hamedani, Mazzlida Mat Deli, M. Ali, Mara Ridhuan CHE ABD RAHMAN","doi":"10.47836/ijeam.16.2.07","DOIUrl":"https://doi.org/10.47836/ijeam.16.2.07","url":null,"abstract":"This study aims to empirically examine the migrant food handlers’ perceived knowledge,\u0000skills, and attitudes and their impact on food quality and safety in the context of\u0000Malaysia’s foodservice industry. Using the data gathered from 198 supervisors and\u0000managers from food premises in Malaysia and analysis using SPSS (version 20) and\u0000SmartPLS 3.0 software, this research found that migrant food handlers have moderate\u0000perceived knowledge, skills and attitudes in food handling practices impact the food\u0000quality and safety. Specifically, this study confirmed that knowledge and attitudes\u0000positively and significantly affect food quality and food safety. However, insignificant\u0000results were found between skills and food safety, even though it showed a substantial\u0000impact on food quality. The findings are original and unique. It is one of the first studies to investigate the knowledge, skills, and attitude of migrant food handlers their effect on food quality and food safety, especially in Malaysia. Besides, this study extends the established theories from the literature on knowledge, skills and attitudes analysing in the foodservice sector. Therefore, this research finding is valuable for food services practitioners to focus on enhancing food quality and safety through the migrant workforce.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"200 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83763764","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":"Corporate Sustainability and Firms' Financial Performance: Evidence from Malaysian and Indonesian Public Listed Companies","authors":"Norashikin Ismail, N. Anridho, Mohamad Azwan Md. Isa, Nor Hadaliza ABD RAHMAN, N. Ismail.","doi":"10.47836/ijeam_16.2.05","DOIUrl":"https://doi.org/10.47836/ijeam_16.2.05","url":null,"abstract":"The aim of study is to examine the impact of corporate sustainability (ESG) on the financial performance for Malaysia and Indonesia. A sample was selected comprising of 36 companies listed in Bursa Malaysia and 24 companies listed in Indonesia Stock Exchange over the ten-year period 2010-2019. Using fixed effect (FE) and pooled OLS suggest that ESG practices are positively associated with financial performance. This result implies that companies engaged in environmental, social and governance aspects have a higher shareholder value. A good economy condition encouraged companies to integrate ESG aspects and rewarded investors with good financial return (ROE). Companies with lesser governance practice would increase shareholders value (ROE). Essentially, this empirical evidence confirms stakeholder’s theory and agency theory. The implication of this study is to strengthen the development of sustainability from ESG practice and in line with current agenda of sustainable finance for the policymakers. Indeed, this study encourages more potential investors to invest companies with ESG practices.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"52 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86162714","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":"Participation (Islamic) Banking in Turkey: A Bibliometric Analysis and Future Research Agenda","authors":"Muhammed Tarık İslam, M. Hassan, K. Abdullahi, Zeynullah Gider","doi":"10.47836/ijeam.16.2.04","DOIUrl":"https://doi.org/10.47836/ijeam.16.2.04","url":null,"abstract":"Turkey's Muslim heritage is rich and a Muslim majority country. Over time, more Islamic\u0000banks have opened around the world, including in Turkey. Turkey calls Islamic banks\u0000\"participation banks\". The study reviews bibliometric and content analysis of Turkish\u0000participation banking from Scopus. Scopus data were retrieved on Jan. 20, 2022. The\u0000keyword \"Islam* or participation and bank* and Turkey or Turkish\" was utilized in the\u0000title-abs-key. 82 articles and 2 reviews were examined from 1990 to 2021 in Scopus.\u0000RStudio, VOSviewer, and Excel analyzed quantitative data. Overall performance, citation\u0000(quantitative), and conceptual (qualitative) discussion for further research. The most-cited paper had 73 citations. The most relevant author, countries, institutions, and journals are AYSAN AF with 5 publications, Turkey, Istanbul University, and \"International Journal of Islamic and Middle Eastern Finance and Management\". The preceding literature evaluation reveals research gaps and study proposals. The analysis includes both mediumand high-quality English papers and reviews from Scopus. It accepts just Turkish participation banking-related papers. Additional research could involve the Web of Science and other units. According to the authors, It's the first bibliometric analysis of participation banking in Turkey. This research may also serve as a model for future\u0000Turkish scholars and policymakers.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73532912","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 Kuznets Curve, Information and Communication Technology, and Income Inequality in Malaysia","authors":"JIA-JUN GABRIEL YAU, Siow-Hooi Tan","doi":"10.47836/ijeam_16.2.02","DOIUrl":"https://doi.org/10.47836/ijeam_16.2.02","url":null,"abstract":"This study re-investigates the presence of the Kuznets curve in the context of Malaysia, by\u0000employing an autoregressive distributed lag (ARDL) approach. We seek to examine the\u0000non-linear impacts of economic growth on income inequality by investigating the existence of a second turning point to the relationship. Furthermore, we also assess the impacts of information and communication technology (ICT) (through internet, mobile, and broadband usage) on income inequality, besides the determinants of income inequality which have been extensively studied within the framework. This endeavour leveraged a time series analysis whereby the data was employed from the time period of 1970–2018. Our estimation results support the S-curve hypothesis that relates economic growth to inequality starting from the back portion of the inverted U-shaped curve. Our results confirm that ICT can actually be part of an active economic policy aiming to reduce existing income inequalities.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"74 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83764595","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":"Demographic dividend in Saudi Arabia: From age structural changes to economic gains","authors":"Rshood M. Al-Khraif, A. Salam, M. Rashid","doi":"10.22367/jem.2022.44.02","DOIUrl":"https://doi.org/10.22367/jem.2022.44.02","url":null,"abstract":"Abstract Aim/purpose – The demographic dividend, defined as the proportion of working age to the rest of the population, is an opportunity seen mainly in developing countries, resulting from demographic transition. Efforts to maximize gains from it are crucial, especially for the Arabian Gulf states, where labor force demands are met at the danger of native youth unemployment that leads to issues of human resources utilization. This research on Saudi Arabian demographic dividend aims at tracking changes in the age structure, labor force participation, and prospects leading to economic gains. Design/methodology/approach – Data from various sources such as censuses (1974, 1992, 2004, and 2010), national labor force surveys 1999-2017 and United Nations (UN) Population Prospects are compiled and statistically analyzed with a historical approach for calculations of age distribution, median age, and labor force participation adopting standard procedures. Findings – An age structural transition occurred: percentage of population 15-64 years increased from 47.2% to 67.3%, increasing the dividend from 89.6% to 205.5%. This influenced the labor force’s sectoral distribution, and Gross Domestic Product (GDP) per working age population. Research implications/limitations – The dividend’s first phase, since 2000, is expected to last until 2050, followed by the second dividend which may last longer. Along with the dividend, there shall be policies executed to reap the benefits, including scientifically planned recruitment of potential candidates in various professions, both in public and private sectors. Originality/value/contribution – This research concerns a population, which is unexplored in detail, especially at a macro level. Thus, such an in-depth analysis seeks importance in revealing special demographic dimensions to a wider international audience. There are no such studies conducted in Saudi Arabia, with a national perspective helpful for revamping efforts to boost labor force reforms and to make maximum gain during the short-lived demographic dividend period.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"1 1","pages":"19 - 37"},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75501290","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":"Innovation and trends in olfactory marketing: A review of the literature","authors":"Shuvam Chatterjee, P. Bryła","doi":"10.22367/jem.2022.44.09","DOIUrl":"https://doi.org/10.22367/jem.2022.44.09","url":null,"abstract":"Abstract Aim/purpose – Olfactory marketing is a phenomenon that is in the current trend of usage by marketing experts to ensure that consumers are more involved in the purchase decision-making process. This paper aims to review the studies involved in consumer purchase intentions influenced by fragrance and develop a framework for modeling consumer responses. Design/methodology/approach – PRISMA technique was used as a methodological approach. First, the researchers made criteria for inclusion and exclusion of studies along with the application of a set of keyword research strings to identify the relevant research articles. Second, prominent scientific search databases like EBSCO Host, Scopus, and ScienceDirect were used to mainly search the relevant literature. Findings – This article advances knowledge on the topic of fragrance marketing and proposes an integrative framework of consumer purchase responses considering the mutual relationship shared between fragrance, the influence of control variables, and response outcomes focusing on cognitive responses, intentions and behavior. The results of the conducted review also suggest that retail consumers tend to develop a positive attitude and behavior towards the place where the product and service are being sold. Research implications/limitations – The paper would be particularly helpful for managers in designing the right strategy for creating loyalty for their retail outlets and thereby creating a niche for themselves. Originality/value/contribution – The study assists marketers in understanding the impact of olfactory marketing in increasing short-term and long-term retail sales and determines future research directions to enrich the existence of these theories to fathom the essence behind consumers’ interpretations of olfaction in retail outlets.","PeriodicalId":40031,"journal":{"name":"International Journal of Economics and Management","volume":"81 1","pages":"210 - 235"},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76473654","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}