{"title":"The Impact of Economic Growth, Oil Price, and Financial Globalization Uncertainty on Financial Development: Evidence from Selected Leading African Countries","authors":"I. Farouq, Z. Sulong","doi":"10.18488/journal.62.2020.75.274.289","DOIUrl":"https://doi.org/10.18488/journal.62.2020.75.274.289","url":null,"abstract":"Article History Received: 24 March 2020 Revised: 27 April 2020 Accepted: 29 May 2020 Published: 1 July 2020","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"113 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127159681","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":"Effect of Savings Deposit Rate on Stock Market Capitalization in Nigeria: An Empirical Investigation","authors":"Gbalam Peter Eze, Nelson Johnny","doi":"10.18488/journal.62.2020.74.239.247","DOIUrl":"https://doi.org/10.18488/journal.62.2020.74.239.247","url":null,"abstract":"This research plan is prepared to find out the impact of savings deposit rate on security market capitalization in Nigeria. The inquiry plan employed monthly data between January 2016 and December 2019. The data were collected from the publications of the National Bureau of Statistics (NBS) and Central Bank of Nigeria (CBN). Variables on which data were sourced are stock market capitalization (MCAP), savings deposit rate (SDR) and bank lending rate (BLR) as a control variable. The data analysis was done via descriptive tools, Johansen cointegration test, ADF test of unit root and regression procedure. The investigation discovered a significant inverse association among savings deposit rate and security market capitalization. The research also discovered insignificant negative link between bank lending rate and stock market capitalization in Nigeria. The overall equation judging from the R2, Durbin-Watson statistics and F-statistics is significant. It is thus recommended that, at anytime the country intend to raise the level of stock market capitalization, government should formulate and implement policies to reduce savings deposit rate in Nigeria. Government should also implement policies to reduce bank lending rate to boast economic growth and as well raise the level of stock market capitalization in Nigeria. Contribution/Originality: This study is one of very few studies which have investigated the effect of savings deposit rate on stock market capitalization in Nigeria. This study contributes in the existing literature is to be a reference for further researchers who want to deepen or re-examine the effect of savings deposit rate on stock market capitalization.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"250 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116393193","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":"Factors Influencing on Human Resources Development in SMEs Service Enterprises in Industry 4.0: The Case of Thai Nguyen Province, Vietnam","authors":"P. T. M. Hanh","doi":"10.18488/journal.62.2020.73.166.173","DOIUrl":"https://doi.org/10.18488/journal.62.2020.73.166.173","url":null,"abstract":"The study was conducted to analyze the factors and the level of influencing on human resource development for small and medium-sized service enterprises in Thai Nguyen province in Industry 4.0 because of artificial intelligence (AI) and the machines that make labor supply and labor fluctuations. With the dramatically changes of technology in the Industrial Revolution 4.0, jobs with creativity and flexibility, machines and robots cannot replace human resources. Employers will need high quality human resources, multi-disciplinary knowledge and flexible adaptations to changes in production methods in an era of technology. The research results show that there are 6 factors that positively influencing on human resource development for SMEs service enterprises in Thai Nguyen province in the Fourth Industrial Revolution.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130965654","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":"Critical Review of Literature on Brand Equity and Customer Loyalty","authors":"Henry O. Kegoro, Munywoki Justus","doi":"10.18488/journal.62.2020.73.146.165","DOIUrl":"https://doi.org/10.18488/journal.62.2020.73.146.165","url":null,"abstract":"Brand equity is recognized as the driving force of customer loyalty in the competitive firms operating in the changing business environment. The culture of attracting and retaining customers is dependent on which organization can enhance the value of their products to conform and exceed customer needs. By extension, brand equity is regarded as a multi-dimensional facet that comprise of brand loyalty, brand awareness, brand association, perceived quality, brand association and proprietary assets. Theories and models which have been discussed extensively and inform the basis of arguments of this study include; brand equity theory, consumer utility theory, customer based brand equity model, service branding dominant logic model and brand evolution model. Despite conflicting ideologies and evolving nature of brand equity based on psychological aspects of consumers like attitudes and perceptions, it is noted that that there is a positive correlation between brand equity and customer loyalty. Based on the existing literature, it can be concluded that brand equity is the only strategic marketing initiative companies can enhance customer relations and sustainability. Therefore, it is recommended that companies should always strive to enhance their image in the mind of consumers by repositioning their brands in the market.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"122 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127544366","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}
Stephen Taiwo Onifade, M. Alagöz, Savaş Erdoğan, O. Obademi
{"title":"Inflation, Oil Revenue, and Monetary Policy Mix in an Oil-Dependent Economy: Empirical Insights from the Case of Nigeria","authors":"Stephen Taiwo Onifade, M. Alagöz, Savaş Erdoğan, O. Obademi","doi":"10.18488/journal.62.2020.72.96.109","DOIUrl":"https://doi.org/10.18488/journal.62.2020.72.96.109","url":null,"abstract":"Oil revenues in many nations have remained largely unstable owing to factors like volatility in global oil prices and output regulations among other international and domestic issues, thereby affecting the stability of many oil-dependent economies. This study examines the combined impacts of oil revenue and inflation on the economic growth of Nigeria within the framework of the Autoregressive Distributed Lags models (ARDL) while incorporating selected monetary policy measures in the model to fit into the country’s inflationary scenario amidst dwindling oil revenue in recent times. The empirical result provides evidence that both oil revenue and inflation exert significant diametric impacts on economic growth in Nigeria. While the former demonstrates a positive impact on growth the latter has a negative impact within the period of the study (1981-2017). The Granger Causality test also provides complementary evidence of causality from both oil revenue and monetary policy measures to growth. Considering the vulnerability of oil revenue to external shocks, we strongly recommend mapping out of aggressive diversification program to reduce the current huge dependence on oil proceeds while the monetary authorities keep close tabs on regulating the monetary environment to efficiently mitigate the negative impacts of inflation to facilitate sustainable growth in the long-run. Contribution/Originality: This study uses a flexible empirical methodology that produces more accurate and robust estimates, thus providing timely insights and contributions to the existing literature on growth vis-à-vis the challenges of managing inflation in Nigeria amidst the dwindling oil revenues in recent times.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"143 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114156684","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}
O. Uzochukwu, O. Obiageli, Nwankwo Obianuju Uche, O. Nkechi
{"title":"Innovation Strategy and Sustainability of Micro, Small and Medium Enterprises in South East Nigeria","authors":"O. Uzochukwu, O. Obiageli, Nwankwo Obianuju Uche, O. Nkechi","doi":"10.18488/journal.62.2020.72.71.80","DOIUrl":"https://doi.org/10.18488/journal.62.2020.72.71.80","url":null,"abstract":"The current challenges and competition facing micro, small and medium enterprises in Nigeria today which is as a result of innovation has become a threat to the development of Micro, Small and Medium Enterprises. Therefore this study seeks to determine the extent to which innovation strategy can sustain MSMES in South East, Nigeria. The specific objective is to identify the extent of relationship that exists between disruptive innovation and business value contribution of MSMES in South East Nigeria. The study was guided by one research question and one hypothesis. The correlational survey design was adopted. The study was anchored on Schumpeter’s Innovation Theory (1885-1972).The population of the study was 1544 MSMES and 317 were sampled. The data used was primary data collected through structured questionnaire. The data collected was analyzed using Pearson Product Moment Correlation. The findings revealed that there is a positive relationship between disruptive innovation and business value contribution of Micro, Small and Medium Enterprises in South East Nigeria. The study recommends among others that Micro, Small and Medium Enterprises should ensure that their employees are competent so as to measure to the innovative changes in the industry. Contribution/Originality: The study contributes in the existing literature by establishing how innovation strategy impacts on the sustainability of MSMEs in South East Nigeria.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"143 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122916896","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":"Multivariate Analysis in Formulation of the Benefit-Cost Index Related to the Sugarcane Production System in the Quirinopolis Municipality Productive Center, Goias, Brazil","authors":"J. Nacife, F. Soares","doi":"10.18488/journal.62.2019.66.355.368","DOIUrl":"https://doi.org/10.18488/journal.62.2019.66.355.368","url":null,"abstract":"Article History Received: 5 September 2019 Revised: 9 October 2019 Accepted: 18 November 2019 Published: 16 December 2019","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114262335","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}
J. Racy, P. Vartanian, Bruno Dalle Piagge Vendruscolo
{"title":"German Exports, Economic Growth and Foreign Demand: An Analysis of the Period 2000–2017","authors":"J. Racy, P. Vartanian, Bruno Dalle Piagge Vendruscolo","doi":"10.18488/journal.62.2019.66.335.354","DOIUrl":"https://doi.org/10.18488/journal.62.2019.66.335.354","url":null,"abstract":"Article History Received: 2 September 2019 Revised: 7 October 2019 Accepted: 13 November 2019 Published: 11 December 2019","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127861648","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":"Consumers’ Behavioural Intention to Adopt Mobile Banking in Rural Sub-Saharan Africa Using an Extension of Technology Acceptance Model: Lessons from Zimbabwe","authors":"J. Muzurura, Farai Chigora","doi":"10.18488/journal.62.2019.66.316.334","DOIUrl":"https://doi.org/10.18488/journal.62.2019.66.316.334","url":null,"abstract":"Article History Received: 6 August 2019 Revised: 13 September 2019 Accepted: 22 October 2019 Published: 9 December 2019","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132721554","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":"Family Leadership and Small to Medium Sized Enterprises Research and Development Investments","authors":"Zhichuan Frank Li","doi":"10.18488/journal.62.2019.65.289.302","DOIUrl":"https://doi.org/10.18488/journal.62.2019.65.289.302","url":null,"abstract":"Family businesses are the most widespread and ancient of all economic entities, and the vast majority of small to medium-sized enterprises (SMEs) in every country re family owned. In consequence, their innovation and productivity are critical to economic growth. However, current academic research tends to focus on large, high-profile corporations, with few studies of SMEs. Further, the relationship between family leadership and SMEs’ innovation capability has been likewise neglected. This study aims to investigate the effects of family leadership on an enterprise’s investment in innovation within the context of small firms based on the European Firms in a Global Economy (EFIGE) survey data and relavent literature. By utilizing the ordinary least squares (OLS) model with several robust checks, the empirical results indicate that innovation investment behavior is more complex and multifaceted with respect to family leadership and firm size. On the one hand, family Chief Executive Officers (CEOs) generally exhibit a greater performance in innovation than non-family CEOs. On the other, family leaders in small firms do conduct less innovation investment.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114993695","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}