Business and Economic Horizons最新文献

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Does the retirement saving motive foster higher savings? The evidence from the Polish household survey 退休储蓄的动机会促进更高的储蓄吗?来自波兰家庭调查的证据
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.07
Edyta Marcinkiewicz
{"title":"Does the retirement saving motive foster higher savings? The evidence from the Polish household survey","authors":"Edyta Marcinkiewicz","doi":"10.15208/BEH.2018.07","DOIUrl":"https://doi.org/10.15208/BEH.2018.07","url":null,"abstract":"This study focuses on the role of the retirement motive for saving behaviour. It examines empirically the research hypothesis that controlling for a set of economic and sociodemographic individual characteristics, households reporting the retirement motive are more likely to have higher savings compared to households driven exclusively by other motives of saving. Micro data from the three waves (2011, 2013 and 2015) of the Polish household survey Social Diagnosis is used for the study. In an ordered logistic regression framework it proves that the old age saving motive is a significant predictor of the size of savings relative to household income.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"14 1","pages":"85-96"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082787","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}
引用次数: 1
Does foreign direct investment reduce poverty? The case of Latin America in the twenty-first century 外国直接投资能减少贫困吗?21世纪的拉丁美洲
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.35
Pablo Quiñonez, J. Saenz, J. Solorzano
{"title":"Does foreign direct investment reduce poverty? The case of Latin America in the twenty-first century","authors":"Pablo Quiñonez, J. Saenz, J. Solorzano","doi":"10.15208/BEH.2018.35","DOIUrl":"https://doi.org/10.15208/BEH.2018.35","url":null,"abstract":"Over the last decades, foreign direct investment flows to Latin America have grown dramatically. Yet, there is no consensus on whether the region has actually benefited from such trend or not. Specifically, regarding the expected positive effect of foreign direct investment on poverty reduction, empirical evidence is scant and ambiguous. In this context, this paper examines the effect of foreign direct investment on Latin America’s poverty incidence. For doing so, a panel data analysis was conducted, considering 13 economies from the region during the 2000-2014 period. We found that FDI is not significantly associated with the reduction of poverty in Latin America, in contrast with macroeconomic stability, infrastructure, human capital development and financial development which are significantly associated with the reduction of poverty in the region.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"58 1","pages":"488-500"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67083597","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}
引用次数: 20
Determinants of employees provident fund in Malaysia: Potential factors to jeopardize the EPF sustainability 马来西亚雇员公积金的决定因素:危及公积金可持续性的潜在因素
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.3
Sallahuddin Hassan, Zalila Othman
{"title":"Determinants of employees provident fund in Malaysia: Potential factors to jeopardize the EPF sustainability","authors":"Sallahuddin Hassan, Zalila Othman","doi":"10.15208/BEH.2018.3","DOIUrl":"https://doi.org/10.15208/BEH.2018.3","url":null,"abstract":"The topic of EPF sustainability has gained considerable attentions among the governments worldwide. In the wake of growing elderly population, improving life expectancy and declining mortality rate particularly in Malaysia over the years, concerns arise on the EPF’s failure to fully commit the retirement incomes provision to the elderly population in the post-retirement periods. Specifically, this paper examines the short run and long run relationships between EPF balances and its determinants; investment earnings, nominal income, elderly population, life expectancy and mortality rate from 1960 to 2014. Of the findings, elderly population and mortality rate are unfolded to represent key deterrents of EPF balances, which acts as the proxy for the EPF sustainability, both in the short run and long run cycles. Thus, new improvements to the existing EPF scheme are recommended as means to alleviate the poverty problems among the elderly population besides addressing other economic and social fronts.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"14 1","pages":"29-42"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67083789","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}
引用次数: 3
Solving global problems: Waste to power while creating stakeholder shared value 解决全球问题:废物转化为能源,同时创造利益相关者共享价值
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.05
Thaspong Chailertpong, Thepparat Phimolsathien
{"title":"Solving global problems: Waste to power while creating stakeholder shared value","authors":"Thaspong Chailertpong, Thepparat Phimolsathien","doi":"10.15208/BEH.2018.05","DOIUrl":"https://doi.org/10.15208/BEH.2018.05","url":null,"abstract":"In 2015, an estimated 1.2 billion people, or 16% of the global population, did not have access to electricity. At the same time, solid waste generation rates have risen fast, reaching 30 million tons in 1980, 200 million tons today, and projected to exceed over 11 million tons per day by 2100. The waste from cities alone is already enough to fill a line of trash trucks 5,000 kilometers long every day. Solutions therefore must be found, with Waste to Energy (WtE) conversion a strong contender, which presently represents a $29 billion industry globally. By use of cluster sampling, a sample of 361 individuals was surveyed by use of a 63-item, 7-level, Likert type agreement scale questionnaire on the study’s four constructs. A confirmatory factor analysis was run prior to the structural equation model, with analysis undertaken by use of LISREL 9.1. All causal factors in the model were shown to have a positive influence on the creation of shared value (CSV) of the waste management power plant and the local community, with 68% of the variance of the factor affecting CSV (R2). Ranked in importance, the three latent variables were government policy (GP), the waste management power plant (WMPP), and community participation (CP), with a total score of 0.83, 0.37 and 0.36, respectively.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"14 1","pages":"54-74"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082742","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}
引用次数: 1
Higher co-moments and asset pricing on emerging stock markets by quantile regression approach 分位数回归方法对新兴股市高共矩与资产定价的影响
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.11
Toan Huynh Luu Duc, S. Nguyen
{"title":"Higher co-moments and asset pricing on emerging stock markets by quantile regression approach","authors":"Toan Huynh Luu Duc, S. Nguyen","doi":"10.15208/BEH.2018.11","DOIUrl":"https://doi.org/10.15208/BEH.2018.11","url":null,"abstract":"This paper investigates the role of the third and fourth moments which impact on weekly stock return for the all twenty-five emerging stock markets (featured by MSCI - Morgan Stanley Capital International) during the period from April 2005 to November 2017. We employ the traditional CAPM combined with co-skewness and co-kurtosis representing nonlinear shape in risk measurement to estimate return generating under quantile regression in descending order by sorting equally weighted portfolios. The findings show that three of premium including market premium, co-skewness premium and co-kurtosis premium has influenced stock return in each country by 1%; 5%; 10% significance level with five-quantile regression approach. Then, our models with higher co-moments have better explanation for securities in emerging markets rather than traditional CAPM. Importantly, the investors should add more co-skewness securities and eliminate co-kurtosis (or less this factor) to generate more returns among 25 developing markets.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"14 1","pages":"132-142"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082851","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}
引用次数: 3
Foreign direct investment and growth causal-nexus in economic community of West African States: Evidence from spectral causality 西非国家经济共同体的外国直接投资与增长因果关系:来自谱因果关系的证据
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.2
A. Adam
{"title":"Foreign direct investment and growth causal-nexus in economic community of West African States: Evidence from spectral causality","authors":"A. Adam","doi":"10.15208/BEH.2018.2","DOIUrl":"https://doi.org/10.15208/BEH.2018.2","url":null,"abstract":"The paper examines the causal relationship between FDI and economic growth (GDP) in thirteen ECOWAS countries using both time domain and frequency domain testing procedures using annual data from 1970 to 2015. The results showed that time domain is not adequate in detecting causality. The time domain detected causality in only four out of thirteen countries whilst the frequency domain detected causality at different frequencies and cycles in nine out of thirteen countries. The findings of this study indicate the importance of frequency domain causality, that it decomposes causality at different frequencies and subsequently detects causality at certain cycles lengths. The general observation that economic growth leads FDI calls for ECOWAS leaders to rethink about painful sacrifices they make to attract FDI into the region.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"14 1","pages":"17-28"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67083452","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}
引用次数: 1
Analysing the human capital capabilities in the enterprise risk management function of South Africa’s public institutions 南非公共机构企业风险管理职能中的人力资本能力分析
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.27
T. Moloi
{"title":"Analysing the human capital capabilities in the enterprise risk management function of South Africa’s public institutions","authors":"T. Moloi","doi":"10.15208/BEH.2018.27","DOIUrl":"https://doi.org/10.15208/BEH.2018.27","url":null,"abstract":"The weak control environment in South Africa’s public sector has, in the past, resulted in high levels of irregular, fruitless and wasteful, and unauthorised expenditure. In order to make a contribution to the discourse of mechanisms that could be deployed to reduce high levels of irregular, fruitless and wasteful, and unauthorised expenditure, this study analysed the capabilities of the human capital deployed in South Africa’s public sector. Together with the National Treasury in the Office of the Accountant General, a questionnaire was designed and administered to the public institution’s Chief Risk Officers in the first quarter of 2017. The findings of the study are that inadequate risk management processes and ineffective practices that are partly responsible for the weak control environment in public institutions, could also be attributed to the capabilities of the human capital deployed in enterprise risk management functions. In this regard, the study found that some of the reasons for the inadequate risk management processes and ineffective practices stemmed from: the inadequate staffing of the enterprise risk management function; positions not being filled by candidates with adequate academic qualifications and experience; the time it takes to fill a vacant position; and inadequate budget allocations. When institutions address risk maturity, policies, processes, and practices, focus must simultaneously be directed to the human capabilities deployed within the risk management function.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"14 1","pages":"375-388"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67083533","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}
引用次数: 5
Determinants of Chinese demand for tourism in Malaysia 中国赴马来西亚旅游需求的决定因素
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.36
Chin-Hong Puah, Suk Hie Huan, F. Thien
{"title":"Determinants of Chinese demand for tourism in Malaysia","authors":"Chin-Hong Puah, Suk Hie Huan, F. Thien","doi":"10.15208/BEH.2018.36","DOIUrl":"https://doi.org/10.15208/BEH.2018.36","url":null,"abstract":"Tourism sector in Malaysia has always been one of its focal service industries not only in the past, but in the future as well in which Malaysian government has been focusing on diverting its economic activities from a resource-based to a service-based economy in its new economic model. China, a strongly emerging economy has been ranked as the third main tourist generating country for Malaysia since 2012. Hence, this study empirically identifies the macroeconomic determinants affecting the tourism demand from China to Malaysia. These determinants include real income, travel cost, exchange rate and trade openness. Particularly, real income and trade openness are evident to positively affect Chinese tourism demand while travel cost and exchange rate are found to adversely influence Chinese tourists’ decision to travel to Malaysia. Key words: International tourism, Malaysia, ARDL","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"1 1","pages":"501-512"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67084117","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}
引用次数: 12
Microfinance training and the number of loans received by SMEs. An empirical evidence from emerging economy 小额信贷培训和中小企业获得的贷款数量。来自新兴经济体的经验证据
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.24
Habibu A. Sani, Shazida Jan Mohd-Khan, Mohd Saifoul Zamzuri Noor
{"title":"Microfinance training and the number of loans received by SMEs. An empirical evidence from emerging economy","authors":"Habibu A. Sani, Shazida Jan Mohd-Khan, Mohd Saifoul Zamzuri Noor","doi":"10.15208/BEH.2018.24","DOIUrl":"https://doi.org/10.15208/BEH.2018.24","url":null,"abstract":"The objective of this study is to examine the impact of Microfinance training, Trust and Social ties on the Number of loans received by small and medium-scale enterprises (SMEs) in developing economies. The Poisson regression model is used as the method of analysis. 195 SMEs in North-Eastern Nigeria form the sample of the study based on two-stage sampling and simple random sampling technique. The results reveal that Social ties, Location, and Nature of operation have a significant positive relationship with the Number of loans receives by SMEs. Similarly, the Number of training and Trust have significant positive impact on the Number of loans received; however, they demonstrate the least impact as compared with the other variables based on the level of significance.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"65 1","pages":"326-341"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67083304","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}
引用次数: 3
Application of discrete dynamic model for the assessment of stability of the world economy development 离散动态模型在世界经济发展稳定性评价中的应用
Business and Economic Horizons Pub Date : 2018-01-01 DOI: 10.15208/BEH.2018.06
Anatoly Kilyachkov, L. Chaldaeva, Nikolay Kilyachkov
{"title":"Application of discrete dynamic model for the assessment of stability of the world economy development","authors":"Anatoly Kilyachkov, L. Chaldaeva, Nikolay Kilyachkov","doi":"10.15208/BEH.2018.06","DOIUrl":"https://doi.org/10.15208/BEH.2018.06","url":null,"abstract":"A discrete dynamic model (DDM) is used to describe the pace of the world GDP annual change rate. The Mandelbrot set of DDM was constructed for different time intervals to assess the ability of the world economic system to maintain a steady pace of development. The article shows that the world economic system is in a fundamentally non-equilibrium state. The Mandelbrot set was proposed to use as a generalized image (\"pictogram\") of the world economy's ability to maintain sustained development rates.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"14 1","pages":"75-84"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082779","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}
引用次数: 2
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