{"title":"Nexus between crude oil and stock market return: case of India","authors":"P. Mitra","doi":"10.18488/JOURNAL.1007/2018.8.4/1007.4.140.149","DOIUrl":"https://doi.org/10.18488/JOURNAL.1007/2018.8.4/1007.4.140.149","url":null,"abstract":"Crude oil is an important driver of Indian economy and therefore, it is important to investigate whether the movement in crude oil prices affects the return of stock market indices. This paper examines the impact of return from crude oil on the return of some major Indian stock market indices. The construct was made from daily data from 2005 to 2016 to calculate the daily return of crude oil and four different stock market indices. Two different tests were carried out, namely, Granger causality test and Johansen cointegration test. Granger causality test was conducted to know the relationship between the return from crude oil and stock market indices, whereas, Johansen cointegration test was carried out to understand whether the long run equilibrium relationship is there between the dataset of returns? The result from the Granger causality test suggests that there is causality between the crude return and the return from stock market indices.? The nature of causality is unidirectional in nature where crude return affects the return of the stock market indices. The results from Johansen cointegration test suggest that there exists a long run equilibrium relationship among these variables.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127295284","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":"South Koreas potential export flow: a panel gravity approach","authors":"M. Irshad, Qi Xin, Saleh Shahriar, Faizan Ali","doi":"10.18488/JOURNAL.1007/2018.8.4/1007.4.124.139","DOIUrl":"https://doi.org/10.18488/JOURNAL.1007/2018.8.4/1007.4.124.139","url":null,"abstract":"This study examines the export flow of South Korea by utilizing pooled ordinary least square (OLS) along with time fixed effects by employing augmented gravity approach. It has also attempted to find out the potential market for South Korean exports. In this study, we analyze comprehensive panel dataset for time period 2001-16 (16 years) covering South Korea?s 189 importing nations. The result emerges robust to the requirement, time interlude and trade determinants. The empirical consequences are determined consistent through the gravity approach since the result discloses constructive coefficients for economic mass, bilateral exchange rate, trade agreements and trade openness in partner country and negative coefficients for distance and landlocked countries. The results also illustrate that the export pattern of South Korea hinges on the Heckscher-Ohlin (H-O) hypothesis, therefore be explicated by the dissimilarity in factor endowments for instance technology and advancement. We have found immense export potential with 94 countries including China, Japan, Hong Kong, Germany, France, Indian and the UK. Our analysis witnesses that strong policy implication and to diversification in the export leads South Korean exports at remarkable growth.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123802882","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":"Economic Unions and the Gravity Model: Evidence from Eurasian Economic Union","authors":"R. Tumanyan","doi":"10.18488/journal.1007/2018.8.3/1007.3.90.98","DOIUrl":"https://doi.org/10.18488/journal.1007/2018.8.3/1007.3.90.98","url":null,"abstract":"The purpose of this study is to analyze trade creation and trade diversion effects in the Eurasian Economic Union (EEU), which is an evolution of regional trade agreements. The research will analyze intra-block trade flows and test trade creation and diversion in EEU determined by customs union agreements. Gravity model has been applied to annual bilateral export flows for EEU countries paired with a sample of 58 partner countries in the period of 2005-2016, using augmented gravity model with panel year fixed effect, this paper analyzes trade creation and diversion effects of EEU in general. The results are similar to other identical studies and suggest that EEU is mostly trade-diverting with a minor effect of trade creation.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115017579","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":"Analyzing the Service Quality of Private Secondary Schools in Sri Lanka from Student’s Perspective with Special Reference to a Reputed Private Secondary School in Colombo","authors":"N. Jayawardena","doi":"10.18488/journal.1007/2018.7.2/1007.2.78.89","DOIUrl":"https://doi.org/10.18488/journal.1007/2018.7.2/1007.2.78.89","url":null,"abstract":"The proposed study analyses the service quality levels of private secondary school education in Sri Lanka from the perspective of students. The aim of the research is to study service quality levels offered in private secondary schools to improve the quality of education levels in Sri Lanka. For this purpose a main private secondary school was used as the case study. It helps to develop strategies to school management and the respective administrative authorities. Furthermore, the policy implications based on the final findings of this particular research will be used to enhance the required productivity levels and quality standards of Sri Lankan private secondary schools. This is a quantitative study and intends to use the sample size of 400 students out of the total body of over 2500 student population. The survey questionnaire derived from SERVQUAL model which consists of the five dimensions which are reliability, responsiveness, empathy, assurance and tangibles. Data been analyzed using the 7 point Likert scale and the SPSS statistical software to reach the ultimate findings based on the service quality dimensions.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115528455","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}
V. Shanmugarajah, S. Achchuthan, B. Prahalathan, N. Umakanth
{"title":"A Paradox in Consumer Shopping Behavior towards Digital Technologies in Brick Stores: An Experimental Approach","authors":"V. Shanmugarajah, S. Achchuthan, B. Prahalathan, N. Umakanth","doi":"10.18488/journal.1007/2018.7.2/1007.2.51.77","DOIUrl":"https://doi.org/10.18488/journal.1007/2018.7.2/1007.2.51.77","url":null,"abstract":"The main focus of this research is to analyze how digital in brick stores can affect the shopping experience. The study conveys new insights to the retailers to devise their digital strategy in the brick stores instead of blindly following a paradigm shift. As the previous studies of this research field has limitations in measuring the exact impact of digital due to variance of other factors, it was decided to use scenario based experiments. It was concluded that customers prefer to be served by service personnel than digital devices and only in the cases where the waiting time is more, customers prefer digital services. The more the utilitarian and hedonic values are given by a retailer, the more that shopping experience would be perceived as the best. Rather than following a digital paradigm, it is time for the retailers to take a pause and think how to differentiate themselves considering the customers’ expectations to create a better shopping experience. To this end, a conceptual framework for shopping experience is created to summarize the results of this research study which can facilitate the retailers to create a wholesome shopping experience.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127633836","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":"Residents’ Satisfaction and Support to Sustainable Tourism Development: Evidence from Tra Vinh Province, Vietnam","authors":"Q. Huynh","doi":"10.18488/journal.1007/2018.7.2/1007.2.38.50","DOIUrl":"https://doi.org/10.18488/journal.1007/2018.7.2/1007.2.38.50","url":null,"abstract":"This research attempts to evaluate local residents’ satisfaction and support to the development of tourism through economic, environmental and socio-cultural sustainability of tourism. The data was collected with a survey of local residents in Tra Vinh province of Vietnam. The empirical findings demonstrate that local residents’ perceived economic, environmental and socio-cultural sustainability affects both their satisfaction and support to tourism development in the locality. The sustainability of socio-culture is most concerned by local residents. The greatest importance is, this research discussed and offered statistical evidence on the mediating role of local residents’ satisfaction with the development of tourism in the effect of perceived economic, environmental and socio-cultural sustainability on local residents’ support to the development of local tourism. The current study is expected to provide tourism managers with a better understanding of the complicated links among economic, environmental, socio-cultural sustainability, local residents’ satisfaction and their support to tourism development. Therefore, they should pay more attention to tourism satisfaction of local community in order to enhance host residents’ support to the development of local tourism.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124957954","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 Finance Strategy Via Tunisian Venture Capital Organisms","authors":"Houda Dziri, Anis Jarboui","doi":"10.18488/journal.1007/2018.7.1/1007.1.23.37","DOIUrl":"https://doi.org/10.18488/journal.1007/2018.7.1/1007.1.23.37","url":null,"abstract":"The present research work is designed to examine the Tunisian corporate case financing strategy as undertaken by the venture capital institutions, on the basis of some criteria applied during the selection process. After discussing the theoretical relationship between the venture capitalist and the entrepreneur, we are advancing an empirical model testing the influence of the venture capitalist’ selection criteria on the acceptance to finance the enterprise. Overall, the study’s reached finding, as conducted on a sample of 41 venture capital companies operating up until the end of the year 2016. In fact, the study have revealed well the significantly impact of certain adopted criteria in relation to the other criteria and it maintains that the venture capitalist’ attitude towards the investment risk.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123528532","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":"Climate Change Driven Food Inflation in Ethiopia?","authors":"Berhe Gebregewergs Hagos","doi":"10.18488/journal.1007/2018.7.1/1007.1.13.22","DOIUrl":"https://doi.org/10.18488/journal.1007/2018.7.1/1007.1.13.22","url":null,"abstract":"The research dealt with the relationships between temperature variability and price of food stuffs in Tigrai using 84 months collected time series data thereby applied a Univariate econometric tool and finite Distributed Lag Model in defining the variables and outcome of the study. As a result, the econometric regression analysis witnessed that a 1oC temperature rise contributed the average price of food stuffs such as barley price rose up by 80 percent, maize 186 percent, sorghum close to 275 percent, wheat 60 percent, and 170 percent in white Teff over the years, ceteris paribus.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121814849","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 Effective Application of Concept Mapping in Marketing Education","authors":"Chi-Hong Leung, S. Cheng","doi":"10.18488/journal.1007/2018.7.1/1007.1.1.12","DOIUrl":"https://doi.org/10.18488/journal.1007/2018.7.1/1007.1.1.12","url":null,"abstract":"A concept map represents knowledge hierarchically. Concept mapping facilitates meaningful learning because it helps to 1) identify understanding, misconceptions, conceptual change, 2) facilitate collaboration and cooperative learning, 3) assess learning of students, and 4) organize and present information. This paper proposes a number of teaching and learning activities with concept mapping. After they were implemented in two marketing classes in a university, both the survey and quiz were used to verify its effectiveness. In the survey, 162 students had positive attitudes to concept mapping with the grand mean of 4.1 in the Likert scale from 1 (strongly disagree) to 5 (strongly agree). The quiz results (with the full mark = 30) also showed that there was academic improvement in two classes with the average scores changing from 17.5 to 24.3 and from 16.5 to 24.5 respectively. These positively proved that concept maps could facilitate teaching and learning activities and improve students’ academic performance significantly.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116712072","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":"How corporate social responsibility can effect on the consumers` attitude and behavior?: a conceptual study","authors":"Saba Qasim, M. Siam, Salniza Bt Md. Sallaeh","doi":"10.18488/JOURNAL.1007/2017.7.12/1007.12.298.308","DOIUrl":"https://doi.org/10.18488/JOURNAL.1007/2017.7.12/1007.12.298.308","url":null,"abstract":"Corporate Social Responsibility (CSR) is a marketing tool that significantly affects the consumers` attitude and behavior. The study investigates the positive and negative effects of CSR, consumers` attitude and behavior. Furthermore, examine trust as a mediator between CSR and consumers` attitude and CSR and consumers` behavior also the part of this study. This paper provides companies to understanding regarding the consumers` attitude and behavior about CSR. This study conclude that CSR may be associated with an overall higher performance in positively influence the consumers` attitude and behavior. The CSR is being considered as a showcasing methodology, which adds to the information of administrators and gives more extensive advantages to their organizations by improving an image and building a corporate brand value. The directions in understanding the effect of CSR in fortifying the association with consumers.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123466813","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}