Journal of Economic and Administrative Sciences最新文献

{"title":"GCC banks’ capital and liquidity: conventional versus Islamic banks","authors":"T. Alshammari","doi":"10.1108/jeas-09-2021-0188","DOIUrl":"https://doi.org/10.1108/jeas-09-2021-0188","url":null,"abstract":"PurposeThis study strives to examine the relationship between bank capital and bank liquidity level considering the joint determination of both variables pointed out in the related literature. The evidence is from the Gulf Cooperation Council (GCC) countries: Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman. The theory of banking postulates that bank capital and bank liquidity are interrelated through various links. The study conjectures that large GCC banks do not have a concern with respect to liquidity due to the implicit guarantee of GCC wealthy governments to bank deposits.Design/methodology/approachThe study sample is comprised of all chartered GCC conventional and Islamic banks. The study employs several on-balance sheet ratios to proxy for bank capital and liquidity as defined in the banking literature. It also employs a related econometric model that considers the simultaneity issue pointed out in the related literature.FindingsThe results of the study reveal that GCC banks react positively when facing illiquidity by strengthening their capital ratio. Further analysis reveals that only small GCC banks (conventional and Islamic) tend to increase their capital levels when facing a liquidity shortage, which confirms the study conjecture that larger GCC banks have no credible concern about their liquidity position. Employing an alternative measure of liquidity does not change the results. This finding supports the financial fragility structure and the crowding out of deposits hypotheses.Originality/valueThe study contributes to the literature by employing a novel estimation approach to explore the difference in results as the sample banks represent two banking regimes, the conventional banks as well as the Islamic banks. Also, the study implicitly suggests that further research in this area could support the need to impose minimum and globally uninformed liquidity standards on banks.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"98 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87211491","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":"Role of institutions of exchange rate and economic growth in South Africa","authors":"Mehdi Seraj, Çağay Coşkuner, Abdulkareem Alhassan","doi":"10.1108/jeas-11-2021-0229","DOIUrl":"https://doi.org/10.1108/jeas-11-2021-0229","url":null,"abstract":"PurposeThe use of exchange rate policies to stimulate economic growth (EG) has been the major macroeconomic policy of many economies. Hence, the attention of researchers and policymakers was drawn to the effect of undervaluation and/or overvaluation of currencies on sustainable EG. However, less attention has been paid to the importance of quality of economic institutions in shaping the relationship between exchange rate and EG. This study aims to explore the role of institutions of exchange rate and EG in South AfricaDesign/methodology/approachThis study, therefore, examines the role of economic institutions in the real exchange rate economic growth nexus by using auto regressive distributed lags model and vector error correction model for causality during the period 1971 to 2018. Also, Bayer and Hank method has applied for cointegration between the variables.FindingsThe findings show that both real exchange rate and economic institutions have a negative effect on EG in both short-run and long-run. This implies that undervaluation has a negative effect on EG in South Africa. Therefore, the study concludes that undervaluation has a negative effect on EG in South Africa particularly when the quality of economic institutions is accounted for. The finding supports the J-curve hypothesis but is contrary to the Rodrik hypothesis. Hence, devaluation is not a desirable exchange rate policy for the South African economy.Originality/valueThe study, therefore, recommends that developing countries like South Africa should focus on other viable exchange rate policies such as rather than undervaluation of currency to enhance EG.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"23 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87885088","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":"Banking sector performance and FDI inflows in Bangladesh: exploring the unexplored","authors":"Md Badrul Alam, A. Sayal, Muhammad Naveed Jan, M. Tahir","doi":"10.1108/jeas-08-2022-0193","DOIUrl":"https://doi.org/10.1108/jeas-08-2022-0193","url":null,"abstract":"PurposeThis research paper attempts to empirically examine the relationship between the performance of the banking industry and foreign direct investment (FDI), thereby helping the readers contemplate one of the least explored areas of the existing literature associated with the idiosyncratic characteristics of FDI resulting from its interaction with the efficient banking performance of the host country. The study has focused on the economy of Bangladesh because of its significant amount of FDI inflows from the rest of the world and its adoption of many liberalization policies, especially in the banking sector and in the areas of international business and trade.Design/methodology/approachThe study, to produce unbiased estimates, employed the autoregressive distributed lag (ARDL) model for analyzing the time series data collected from reliable sources.FindingsThe key outcomes of the study reveal that the sound performance of the banking industry appears to be counterproductive for FDI inflows, which is a bit unconventional insight. In the context of Bangladesh, trade openness, inflation rate and infrastructural development seem to be the dominant factors behind the rising inflows of FDI. Market size appears to be an insignificant determinant of FDI inflows.Originality/valueThis is a unique study because of its focus on the unexplored area in the literature.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"40 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91018553","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 employees' CSR perceptions on affective commitment: exploring multiple mediation mechanisms","authors":"Shafat Maqbool, Nazir A Nazir","doi":"10.1108/jeas-08-2022-0191","DOIUrl":"https://doi.org/10.1108/jeas-08-2022-0191","url":null,"abstract":"PurposeThis study aims to empirically examine how corporate social responsibility (CSR) facilitates the employee's affective commitment in the hospitality sector.Design/methodology/approachA total of 408 questionnaires were distributed among the employees of the selected 13 hotels in Delhi-National capital region (NCR). Structural equation modeling (SEM) was employed to test the proposed hypotheses.FindingsThe study results confirm that CSR has a positive influence on the employees' affective commitment. Further, this study demonstrates that CSR facilitates work meaningfulness and trust among employees and consequently enhances employees' commitment.Originality/valueThis study enhances the understanding of the CSR-affective commitment link in the hospitality sector. This will add a new perspective to the literature, especially in the context of micro-foundation factors of “work meaningfulness” and “organizational trust.”","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"44 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79568606","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 moderating role of terrorism on the insurance–growth nexus: empirical evidence from the 14 MENA countries","authors":"Md Badrul Alam, M. Tahir, Norulazidah Omar Ali, Muhammad Naveed Jan, A. Sayal","doi":"10.1108/jeas-05-2022-0137","DOIUrl":"https://doi.org/10.1108/jeas-05-2022-0137","url":null,"abstract":"PurposeThis paper empirically examines the impact of terrorism on the insurance–growth relationship in the context of Middle East and North Africa (MENA) region, thereby attempting to address the unexplored area in the relevant literature.Design/methodology/approachThe study considered MENA as it has been one of the terribly affected zones in the world during the study period. Panel data for the period (2002–2017) are sourced from reliable sources for 14 member economies of the MENA region.FindingsAfter employing the suitable econometric procedures on the panel data, the results indicate that terrorism appears to have detrimental impact on the observed positive relationship between insurance and economic growth. In addition, trade openness seems to be the main driving force behind economic growth of the selected MENA countries. Surprisingly, the study suggests a negative association between the growth of physical capital and economic growth. Human capital has played a positive but insignificant role in improving economic growth as it is insignificant in majority of the specifications. The growth of labor force has although positively but insignificantly influenced economic growth. Finally, the results demonstrate that government expenditures and high inflation are harmful for growth.Originality/valueThe study investigated the impact of terrorism on the insurance–growth relationship for the first time, and hence policymakers of the MENA region are expected to be benefited enormously from the findings of the study.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"10 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89641128","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":"Indigenous – foreign culture fit and public employee performance: the case of Ghana","authors":"Fred Awaah","doi":"10.1108/jeas-08-2022-0182","DOIUrl":"https://doi.org/10.1108/jeas-08-2022-0182","url":null,"abstract":"PurposeThe study examines the relationship between the interaction of indigenous–foreign cultures and public employee performance (PEP) in the Ghanaian public sector due to the perceived unproductive cultures in the public sector.Design/methodology/approachThe study employs a quantitative approach, where cross-sectional survey design is used to collect the data from Ghanaian public employees. The analysis is done using correlation and hierarchical regression techniques.FindingsThe results reveal that both indigenous and foreign cultures are pervasive in the Ghanaian public sector, with high power distance and individualism being dominant cultures. Furthermore, while the indigenous cultures have negative significant relationship with PEP, the foreign cultures have positive significant relationship with PEP. The foreign cultures effectively control the relationship between the indigenous cultures and PEP but insignificantly moderate such relationship.Practical implicationsThe findings imply that deliberate attempts should be made to encourage the foreign cultures with attractive reward packages to induce workers. This will indirectly control the practice of the inimical cultures and ultimately reduce their negative effect on PEP.Originality/valueThe study contributes significantly to the extant literature by providing empirical evidence of the indigenous–foreign culture fit and PEP from a developing country, Ghana.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"20 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76337781","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 Regional Comprehensive Economic Partnership (RCEP) for the Asia–Pacific region and world","authors":"Mohamad Zreik","doi":"10.1108/jeas-02-2022-0035","DOIUrl":"https://doi.org/10.1108/jeas-02-2022-0035","url":null,"abstract":"PurposeThe regional comprehensive economic partnership (RCEP) is promising as per the claims and can be revolutionary for the Asia–Pacific Region. The member countries will get a boost in the post-pandemic world due to the RCEP. According to Brookings, the RCEP is going to be an agreement reshaping the global economics. This study aims to clarify the aspects related to the RCEP and how it can boost global economics.Design/methodology/approachThe study employs qualitative descriptive analysis to address the status of RCEP in the region and the consequences of such main transnational partnership. The study is based on economic reports, official documents and data directly related to the subject of the study.FindingsFindings show that the RCEP will be a significant driver of regional trade despite its faults. The RCEP's tariff benefits and rules of origin, notwithstanding their relatively restricted scope, will encourage enterprises to source products and services from RCEP members, and in combination, RCEP and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are anticipated to replace at least some competing US commodities, services and farm exports. For items that integrate parts and components from inside the area, such as from China, the RCEP is projected to reduce tax and trade facilitation costs, allowing enterprises to avoid US Section 301 tariffs.Originality/valueBy examining how the RCEP operates within the framework of domestic and international trade, this study contributes to a deeper understanding of RCEP and analyses its nature based on data and official reports.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2022-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82168605","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":"Evolution of RCEP rules of origin (comparison with ASEAN plus FTAs and recent mega-FTAs/EPAs)","authors":"J. Hasegawa","doi":"10.1108/jeas-02-2022-0037","DOIUrl":"https://doi.org/10.1108/jeas-02-2022-0037","url":null,"abstract":"PurposeThe purpose of this paper is to analyze the evolution of the rules of origin (RoO) of Regional Comprehensive Economic Partnership (RCEP).Design/methodology/approachThis analysis is done by comparing them with those of existing FTAs/EPAs of ASEAN with other RCEP member countries, and also examining the impact of recent mega-FTAs/EPAs, such as TPP11 and Japan-EU EPA, in which some of the member countries participated.FindingsRCEP holds great significance in that it connects Japan and China and Japan and South Korea, which previously have not had any EPAs/FTAs, transforms this massive economic sphere from one with minutely divided and differing RoO under ASEAN plus FTAs to one that is seamlessly connected with those of having evolved into the unified RoO under RCEP, and realizes ideal production networks in Asia.Originality/valueThis paper makes it clear that RCEP, while based on ASEAN plus FTAs, reflects progressive provisions of recent mega-FTAs/EPAs, and adopts simpler and more systematic rules. These provisions limit the distortive effect on trade, realize ideal production networks in Asia, and are appropriate as uniform RoO connecting networks across this massive economic sphere. It also points out that there are provisions that have not been introduced and those that are considered to have been incomplete as a result of negotiations, and the possibility of evolving into more ideal RoO by utilizing the system for revisions established under the agreement.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"26 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74517376","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":"Monetary policy, financial development and firm investment in Pakistan: an empirical analysis","authors":"Farooq Ahmad, A. Rashid, Anwar Shah","doi":"10.1108/jeas-04-2022-0098","DOIUrl":"https://doi.org/10.1108/jeas-04-2022-0098","url":null,"abstract":"PurposeThis paper aims to empirically examine the presence of a balance sheet channel (BSC) of monetary transmission mechanism (MTM) using firm-level panel data of Pakistan. It also explores the role of financial sector development (FSD) and firm age (FAge) in formulating the effect of monetary policy (MP) on the investment decisions of firms.Design/methodology/approachThe authors applied the two-step system generalized method of moments (SYS-GMM) estimator proposed by Blundell and Bond (1998) to carry out the empirical analysis. The final sample of the study includes 450 nonfinancial firms listed at the Pakistan Stock Exchange (PXS) during the period 1988–2021. The empirical framework of the study is based on the new classical model of investment. Different measures of MP are used to obtain the robust empirical evidence. To take into account the different dimensions of FSD, the index developed by Svirydzenka (2016) is utilized. To examine the moderating role of FSD and FAge, the interacted model is estimated, which enables the authors to estimate the MP effects at different percentiles of the moderating variables.FindingsThe study’s findings confirm the existence of BSC by revealing that MP instruments have negative, significant effects on firms’ investment decisions. These findings suggest that during periods of tight MP, firms significantly cut their investment expenditures. The results of the interacted model show that both FSD and FAge play an important role in lessening the adverse effects of MP on firms’ investment policy. Specifically, the calculated total effects suggest that the negative effect of MP on investment is considerably weaker at the higher percentiles of FSD and FAge.Practical implicationsThe findings of the study have several important policy implications for different stakeholders. Specifically, the evidence suggests that the monetary authorities should keep in mind the adverse effects of MP while designing tight MP. The tight MP will have a negative effect on firm investment, which, in turn, will adversely affect firm growth and subsequently the growth rate and level of employment in the economy. Thus, during episodes of tight MP, the authorities should provide other facilities such as a friendly tax environment, better legal and regulatory framework, special credit arrangements, and provisions of loan guarantees. The findings of the moderating role suggest that the government may improve FSD to minify the adverse impacts of tight MP. Finally, the findings suggest that the government should design external financing-friendly policies to provide more opportunities to newly established firms to avoid tight MP’s effects.Social implicationsThe findings of the moderating role suggest that the government may improve FSD to minify the adverse impacts of tight MP. Finally, the findings suggest that the government should design external financing-friendly policies to provide more opportunities to newly established firms to avoid ti","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"2016 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2022-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82627057","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 do skilled workers find jobs in India?: an assessment study of employment exchanges in India","authors":"Rajesh Gupta, Navya Bagga","doi":"10.1108/jeas-10-2022-0234","DOIUrl":"https://doi.org/10.1108/jeas-10-2022-0234","url":null,"abstract":"PurposeEmployment exchanges have been playing a significant role in the worldwide labor market for more than a hundred years now. In India, since 1946, millions of aspiring Indian youths have registered themselves with the government-run employment exchanges to find a job. About four million job seekers got registered at 1,000 employment exchanges in India, it is important to analyze the placement statistics of these exchanges. In recent years, new methods of job search have evolved. This study examines whether employment exchanges are effective in the changed scenario?Design/methodology/approachUsing state-level employment exchange data for the period 2010–2011 to 2019–2020, this study analyzes the determinants of job placement at employment exchanges in India. A critical analysis of the functioning of employment exchanges along with recommendations to improve the job search ecosystem in India is also presented in the study.FindingsThis study found that increased share of service sector in the state economy negatively impacts placement at employment exchanges.Research limitations/implicationsThe absence of focus on the service sector requires policy intervention if Indian employment exchanges are to remain relavant.Practical implicationsThe government administration should rethink that ignoring service sector employment potential is unaffordable for an emerging economy and employment exchanges should be aligned accordingly.Social implicationsAbout 30 million people are unemployed in India. If employment exchanges are transformed, it can have far-reaching socio-economic advantages.Originality/valueThis study is the first sub-country level study on the institution of employment exchanges. This study comprehensively maps the landscape of career services in India. Empirically establishing the impact of sectoral structure of economy on efficacy of employment exchanges, and makes the case for policy intervention that is needed to keep the employment exchanges relevant in India.","PeriodicalId":44018,"journal":{"name":"Journal of Economic and Administrative Sciences","volume":"10 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89986513","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}