EuroMed Journal of Business最新文献

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A bibliometric analysis of global research trends on CEO compensation: evidence from the Scopus database 全球CEO薪酬研究趋势的文献计量分析:来自Scopus数据库的证据
IF 5.2
EuroMed Journal of Business Pub Date : 2023-11-28 DOI: 10.1108/emjb-02-2023-0050
Faraj Salman Alfawareh, Edie Erman Che Johari, Chai-Aun Ooi
{"title":"A bibliometric analysis of global research trends on CEO compensation: evidence from the Scopus database","authors":"Faraj Salman Alfawareh, Edie Erman Che Johari, Chai-Aun Ooi","doi":"10.1108/emjb-02-2023-0050","DOIUrl":"https://doi.org/10.1108/emjb-02-2023-0050","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study investigates the current trends in CEO compensation by applying a bibliometric technique from the Scopus database.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The bibliometric analysis examines CEO compensation trends through the Scopus database. Frequency analysis is conducted using Microsoft Excel, while data visualisation is performed using VOSviewer. Finally, citation metrics are carried out using Harzing's Publish or Perish.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results reveal that research into CEO compensation has been consistently increasing since 1976. This study identifies the most popular publication trends, the most active institutions, the top funding institutions, annual publication growth, document and source type, publishers, subject area, author co-citations, highly cited articles, top publishing countries, and keyword co-occurrences. Notably, Arizona State University in the United States (US) is the leading institution with the most prominent publications on CEO compensation. The US is the most active country involved in CEO compensation research.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>The current research only derived articles from the Scopus database. Nonetheless, the findings provide an in-depth comprehension of the meaning of “CEO compensation” and present the outline of the research trends on the concept, thus significantly facilitating further studies.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The findings can assist researchers in comprehending and classifying the drivers of CEO compensation previously identified and proven in past studies. Additionally, the findings also create opportunities for new researchers to study CEO compensation.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study is among the pioneering research investigating CEO compensation-related publications and utilising the Scopus database from an international perspective. This study also offers a historical view of CEO remuneration, a summary of the most significant nations, journals, and writers on the topic, and an outline of how CEO remuneration studies have changed over time. These contributions will enable other researchers to focus on this subject.</p><!--/ Abstract__block -->","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"8 1","pages":""},"PeriodicalIF":5.2,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138534682","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: 0
Digital transformation in tourism and hospitality industry: a literature review of blockchain, financial technology, and knowledge management 旅游和酒店业的数字化转型:关于区块链、金融技术和知识管理的文献综述
IF 5.2
EuroMed Journal of Business Pub Date : 2023-11-27 DOI: 10.1108/emjb-04-2023-0118
Silvia Ratna, Saide Saide, Afifah Mesha Putri, Richardus Eko Indrajit, Didi Muwardi
{"title":"Digital transformation in tourism and hospitality industry: a literature review of blockchain, financial technology, and knowledge management","authors":"Silvia Ratna, Saide Saide, Afifah Mesha Putri, Richardus Eko Indrajit, Didi Muwardi","doi":"10.1108/emjb-04-2023-0118","DOIUrl":"https://doi.org/10.1108/emjb-04-2023-0118","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to provide a new overview and opportunities of blockchain (BCT), financial technology (fintech) and knowledge management (KM) over the past ten years. Its focus is on their potential to drive new value creation and innovation processes within the digital landscape of the tourism and hospitality.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This systematic literature review and sociotechnical approach employs a literature analysis, analyzing and synthesizing 62 relevant articles published in the past decade form e-databases (Web of Science and Scopus).</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>This study reveals that researchers frequently discuss the potential advantages and challenges of BCT, fintech and KM in this industry. These include establishing systems that prioritize transparency and traceability, addressing blockchain security concerns, enhancing financial transaction efficiency and trustworthiness, and promoting innovation and improvement through KM strategies. Furthermore, this review suggests that the application of blockchain, fintech and KM has the potential to create new markets and opportunities in the tourism and hospitality industry. This study provides insights into the state and implementation of technology-based and knowledge-based for tourism and hospitality in times of crisis and digitization era.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Shifting to new lens (refers to sociotechnical theory), from technology adoption strategy, it is important to stay updated with emerging technologies such as BCT and fintech and upcoming technologies trends must align with tourism and hospitality business objectives, customer expectations and market demands. From the socio-dimension, KM is not confined to technological tools alone. Instead, it is a strategic approach that emphasizes fostering a culture of open communication, collaboration and knowledge sharing within the team of tourism and hospitality industry.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>Through a literature review approach, this study establishes a new foundation in tourism and hospitality such as analyzing research gaps, understanding benefits and challenges, supporting methodologies/theoretical frameworks and informing the future research opportunities. Additionally, a novel contribution is the inclusion of sociotechnical approach that is allocated into socio or knowledge resources perspective (knowledge management), and technical or technology perspective (blockchain and fintech) that drives tourism and hospitality innovation.</p><!--/ Abstract__block -->","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"17 1","pages":""},"PeriodicalIF":5.2,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138534677","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: 0
Develop an integrated candlestick technical analysis model using meta-heuristic algorithms 使用元启发式算法开发集成烛台技术分析模型
IF 5.2
EuroMed Journal of Business Pub Date : 2023-11-21 DOI: 10.1108/emjb-02-2022-0034
Armin Mahmoodi, Leila Hashemi, Milad Jasemi
{"title":"Develop an integrated candlestick technical analysis model using meta-heuristic algorithms","authors":"Armin Mahmoodi, Leila Hashemi, Milad Jasemi","doi":"10.1108/emjb-02-2022-0034","DOIUrl":"https://doi.org/10.1108/emjb-02-2022-0034","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>In this study, the central objective is to foresee stock market signals with the use of a proper structure to achieve the highest accuracy possible. For this purpose, three hybrid models have been developed for the stock markets which are a combination of support vector machine (SVM) with meta-heuristic algorithms of particle swarm optimization (PSO), imperialist competition algorithm (ICA) and genetic algorithm (GA).All the analyses are technical and are based on the Japanese candlestick model.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Further as per the results achieved, the most suitable algorithm is chosen to anticipate sell and buy signals. Moreover, the authors have compared the results of the designed model validations in this study with basic models in three articles conducted in the past years. Therefore, SVM is examined by PSO. It is used as a classification agent to search the problem-solving space precisely and at a faster pace. With regards to the second model, SVM and ICA are tested to stock market timing, in a way that ICA is used as an optimization agent for the SVM parameters. At last, in the third model, SVM and GA are studied, where GA acts as an optimizer and feature selection agent.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>As per the results, it is observed that all new models can predict accurately for only 6 days; however, in comparison with the confusion matrix results, it is observed that the SVM-GA and SVM-ICA models have correctly predicted more sell signals, and the SCM-PSO model has correctly predicted more buy signals. However, SVM-ICA has shown better performance than other models considering executing the implemented models.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>In this study, the data for stock market of the years 2013–2021 were analyzed; the long length of timeframe makes the input data analysis challenging as they must be moderated with respect to the conditions where they have been changed.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>In this study, two methods have been developed in a candlestick model; they are raw-based and signal-based approaches in which the hit rate is determined by the percentage of correct evaluations of the stock market for a 16-day period.</p><!--/ Abstract__block -->","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"23 1","pages":""},"PeriodicalIF":5.2,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138534676","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 prior trust work as a buffer? Examining the impact of perceived betrayal on customer responses to a double deviation 先前的信任是否起到缓冲作用?考察感知背叛对客户对双重偏差反应的影响
EuroMed Journal of Business Pub Date : 2023-11-14 DOI: 10.1108/emjb-01-2023-0032
Azza Temessek Behi, Norchene Ben Dahmane Mouelhi, Walid Chaouali
{"title":"Does prior trust work as a buffer? Examining the impact of perceived betrayal on customer responses to a double deviation","authors":"Azza Temessek Behi, Norchene Ben Dahmane Mouelhi, Walid Chaouali","doi":"10.1108/emjb-01-2023-0032","DOIUrl":"https://doi.org/10.1108/emjb-01-2023-0032","url":null,"abstract":"Purpose This study aims to explain customer reactions to a double deviation by examining the moderating role of prior trust in peer-to-peer (P2P) accommodation platforms on the relationship between perceived betrayal and negative outcomes such as negative word-of-mouth (NWOM), vindictive complaining and patronage reduction. Design/methodology/approach An online survey was used to obtain a sample of 246 respondents familiar with P2P accommodation platforms. The model was tested using SmartPLS. Findings The results showed a positive correlation between perceived betrayal and NWOM, vindictive complaining and patronage reduction. Unexpectedly, prior trust had positive moderating effects. High levels of prior trust caused more negative customer reactions than low levels of prior trust. Practical implications The findings of this study caution firms about the potential risks to rely on the forgiveness and tolerance of highly trusted customers who may retaliate fiercely to double deviations. Originality/value This research unveils the prior trust paradox. Customers' prior trust magnified the negative impact of double-deviation experiences. This study contributes to the service-recovery literature by questioning the buffer effect of prior trust in the context of a double deviation.","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"6 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136229274","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: 0
An integrated model predicting the drivers of mobile payment outcomes: evidence from emerging markets 预测移动支付结果驱动因素的综合模型:来自新兴市场的证据
EuroMed Journal of Business Pub Date : 2023-11-07 DOI: 10.1108/emjb-02-2023-0046
Mohamed M. Elsotouhy, Abdelkader M.A. Mobarak, Mona I. Dakrory, Mohamed A. Ghonim, Mohamed A. Khashan
{"title":"An integrated model predicting the drivers of mobile payment outcomes: evidence from emerging markets","authors":"Mohamed M. Elsotouhy, Abdelkader M.A. Mobarak, Mona I. Dakrory, Mohamed A. Ghonim, Mohamed A. Khashan","doi":"10.1108/emjb-02-2023-0046","DOIUrl":"https://doi.org/10.1108/emjb-02-2023-0046","url":null,"abstract":"Purpose Because the success of m-payment services depends on the enablers and barriers that affect user satisfaction, the present research explores the effects of perceived value and sacrifices on users' satisfaction with m-payment services. The predicted relationships among perceived value, perceived sacrifices, users' satisfaction, continuance intention, word-of-mouth (WOM), shopping effectiveness, quality of life (QOL) and stickiness were established based on the mobile technology acceptance model (MTAM) and the value-based adoption model (VAM). Design/methodology/approach A representative data sample of 430 Egyptian banking clients was analyzed to test the hypotheses using partial least squares-structural equation modeling (PLS-SEM). Findings The findings revealed that all perceived value constructs significantly positively affect users' satisfaction. Moreover, all perceived sacrifice constructs significantly negatively affect users' satisfaction. Users' satisfaction, in turn, has a significant positive effect on continuance intention, WOM, shopping effectiveness, QOL and stickiness with m-payment services. Originality/value This is the first study to examine several levels of m-payment outcomes, including m-payment, consumer and bank outcomes, based on the integration of MTAM and VAM models.","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"6 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135432023","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: 0
The moderating effect of fintech on the relationship between CSR and banks' financial stability: Baron and Kenny's approach analysis 金融科技对企业社会责任与银行财务稳定性关系的调节作用:Baron和Kenny的方法分析
EuroMed Journal of Business Pub Date : 2023-10-24 DOI: 10.1108/emjb-03-2023-0082
Ines Ben Salah Mahdi, Mariem Bouaziz, Mouna Boujelbène Abbes
{"title":"The moderating effect of fintech on the relationship between CSR and banks' financial stability: Baron and Kenny's approach analysis","authors":"Ines Ben Salah Mahdi, Mariem Bouaziz, Mouna Boujelbène Abbes","doi":"10.1108/emjb-03-2023-0082","DOIUrl":"https://doi.org/10.1108/emjb-03-2023-0082","url":null,"abstract":"Purpose Corporate social responsibility (CSR) and fintech have emerged as critical megatrends in the banking industry. This study aims to examine the impact of financial technology on the relationship between CSR and banks' financial stability. Specifically, it investigates the moderating effect of fintech on the association between CSR and the financial stability of conventional banks operating in Qatar, UAE, Saudi Arabia, Kuwait, Bahrain, Jordan, Pakistan and Turkey from 2010 to 2021. Design/methodology/approach To achieve the authors’ objective, the authors apply Baron and Kenny's three-link model, tested with fixed and random effects regression models. Findings The results reveal that the development of fintech decreases banks' financial stability, whereas it promotes banks' involvement in CSR strategies. Furthermore, the findings indicate that fintech plays a moderating role in the relationship between CSR and financial stability. It positively moderates the impact of CSR on financial stability. The robustness analysis highlights the mutual reinforcement of fintech and CSR dimensions in improving the financial stability of banks. Thus, by fostering community and product responsibility, fintech could enhance the financial stability of banks. Practical implications Finally, the authors recommend that banks focus more on developing technological and environmentally friendly financial products. Originality/value This study contributes significantly by providing valuable insights for managers and policymakers seeking to improve banks' financial stability through the simultaneous adoption of new financial technology products and the strong commitment to CSR practices.","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"5 12","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135316183","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: 0
Nature-love and sustainable consumption behaviors: does the construal level of psychological distance matter? 热爱自然与可持续消费行为:心理距离的解释水平是否重要?
EuroMed Journal of Business Pub Date : 2023-10-20 DOI: 10.1108/emjb-03-2023-0091
Mohamed M. Elsotouhy, Mohamed A. Ghonim, Nada Khalifa, Mohamed A. Khashan
{"title":"Nature-love and sustainable consumption behaviors: does the construal level of psychological distance matter?","authors":"Mohamed M. Elsotouhy, Mohamed A. Ghonim, Nada Khalifa, Mohamed A. Khashan","doi":"10.1108/emjb-03-2023-0091","DOIUrl":"https://doi.org/10.1108/emjb-03-2023-0091","url":null,"abstract":"Purpose Despite the importance of emotional variables in shaping individuals' consumption behavior, nature-love still needs to be addressed concerning various aspects of sustainable consumption behavior (SCB). Considering the dimensions of nature-love, this study aims to investigate the effect of passion-for-nature, intimacy-with-nature and commitment-to-nature on SCB. Furthermore, this study aims to incorporate the construal levels of psychological distance (PD) as a moderating variable between the tested variables to add a more in-depth understanding. Design/methodology/approach Data was collected from a sample of 311 individuals from Egypt using the snowball sampling method and the ten-time rule technique. The data was analyzed using partial least squares-structural equation modeling (PLS-SEM). Findings The findings indicate that passion-for-nature and intimacy-with-nature have a significant positive effect on green purchasing, reusability and recycling. On the other hand, commitment-to-nature has a significant positive effect on both green purchasing and reusability. Additionally, a high PD acts as a moderator between the relationships tested. The findings have been discussed in terms of their theoretical and practical implications. Originality/value To the best of the authors’ knowledge, this is the first study to integrate PD as a moderator between the relationships tested. Additionally, this paper is the first empirical research investigating these relationships in developing economies.","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135565455","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: 0
The moderating role of tax avoidance on CSR and stock price volatility for oil and gas firms 避税对油气企业社会责任和股价波动的调节作用
EuroMed Journal of Business Pub Date : 2023-10-10 DOI: 10.1108/emjb-12-2022-0215
Ones Amri, Hasna Chaibi
{"title":"The moderating role of tax avoidance on CSR and stock price volatility for oil and gas firms","authors":"Ones Amri, Hasna Chaibi","doi":"10.1108/emjb-12-2022-0215","DOIUrl":"https://doi.org/10.1108/emjb-12-2022-0215","url":null,"abstract":"Purpose This study examines the impact of CSR (corporate social responsibility) on stock price volatility of oil and gas firms and, then identifies the moderating role of tax avoidance. Design/methodology/approach To achieve the study's purposes, 330 observations are extracted from 30 oil and gas firms for the period between 2010 and 2020, and the estimation method of the Generalized Least Squares (GLS) is used. Actually, the CSR is proxied using the ESG (environmental, social, and governance) score, and the stock price volatility is measured by the degree of stock price variations over 12 months, according to the last 52 week's price. Findings The main findings indicate that CSR negatively impacts the stock price volatility. Nonetheless, this negative relationship is moderated positively by tax avoidance. This result is robust to the variation in the measure of volatility, namely the systematic risk. Practical implications This research is helpful for investors to manage their portfolio risk as this article highlights the importance of engaging in sustainable development to reduce financial risk. This study also helps regulators and policymakers, such as environmental agencies and tax authorities, to reassess their control with oil and gas firms and record them according to their CSR practices, because this article emphasizes that it is not fair to pay taxes and engage in CSR practices at the same time. Originality/value The impact of CSR on stock price volatility is widely treated for firms. Nevertheless, the mechanisms that may affect this relationship are still seldom discussed. This study attempts to examine the impact of tax avoidance on the CSR–stock price volatility relationship for the oil and gas industry.","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136293615","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: 0
The impact of supervision on bank risk: empirical evidence from the Tunisian context 监管对银行风险的影响:来自突尼斯背景的经验证据
EuroMed Journal of Business Pub Date : 2023-09-29 DOI: 10.1108/emjb-01-2023-0006
Sana Belgacem, Manel Hadriche, Fethi Belhaj
{"title":"The impact of supervision on bank risk: empirical evidence from the Tunisian context","authors":"Sana Belgacem, Manel Hadriche, Fethi Belhaj","doi":"10.1108/emjb-01-2023-0006","DOIUrl":"https://doi.org/10.1108/emjb-01-2023-0006","url":null,"abstract":"Purpose The purpose of this paper is to examine the impact of supervision on banking risk to determine whether prudential measures taken especially after financial crises are effective in limiting banking risks. Design/methodology/approach The empirical study focused on 210 annual reports of almost all Tunisian banks during the 2010–2019 period. Banking supervision effectiveness is measured by enforcement outputs (i.e. on-site audits and sanctions). The generalized least squares method of multivariate analysis was used to analyze this study. Findings The results show that supervision set up and on-site audits reduce bank risk, while the relationship between sanctions and risk appears to be non-significant. The results still hold after robustness tests by changing the bank's risk-taking indicators. Practical implications This study has important implications for managers and investors in the Tunisian context. In particular, the findings provide microevidence for the impact of supervision in Tunisian banks to reduce their risk-taking. The empirical results have important implications for the decision-making of bank managers and regulators in Tunisia as well as for relevant actors in similar emerging economies. Originality/value This study extends the previous literature on supervision by examining the relationship between supervision and banking risk in an emerging country, which has been little explored, Tunisia in particular. Furthermore, this study examines whether supervision reduces risk borne by Tunisian banks, and to the best of the researchers' knowledge, it is one of the pioneering studies of supervision in the Tunisian market. This latter market has different economic, political and social attributes compared to developed countries. So, this paper helps to clarify the impact of supervision enforcement and macroprudential policies. In addition, this paper strongly contributes to the various stakeholders “understanding of the importance and implication of supervision practices. However, since banks tend not to reduce their participation in risky activities to seek higher profits, supervisory policymakers and practitioners should also take a closer look at the composition of banks” investment portfolios to reduce moral hazard and regulatory arbitrage behavior. Empirically, the authors measure supervision by on-site audits and sanctions and examine how they affect bank risk level, which was never approached in Tunisia.","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135131742","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: 0
Oil price fluctuations and economic growth–banking sector nexus: modeling for MENA countries 石油价格波动与经济增长-银行部门关系:中东和北非国家的模型
EuroMed Journal of Business Pub Date : 2023-09-27 DOI: 10.1108/emjb-03-2023-0079
Samir Belkhaoui
{"title":"Oil price fluctuations and economic growth–banking sector nexus: modeling for MENA countries","authors":"Samir Belkhaoui","doi":"10.1108/emjb-03-2023-0079","DOIUrl":"https://doi.org/10.1108/emjb-03-2023-0079","url":null,"abstract":"Purpose The aim of this paper is to evaluate empirically the impact of oil price fluctuations on the relationship between banking sector development and economic growth in oil-importing MENA countries. Design/methodology/approach The study used the newly developed panel autoregressive distributed lagged (ARDL) approach in order to address any potential endogeneity between research variables. Findings The empirical results show a unidirectional causality in the long run from oil price to both economic growth and banking sector development for oil-importing countries. Also, banking sector development not only leads directly to economic growth but also can play a moderator role in the oil price—economic growth nexus. Research limitations/implications The study has two principal limitations. On the one hand, this study was conducted in a relatively limited sample of countries. On the other hand, the study did not consider others indicators for banking sector development and others macroeconomic variables. Practical implications The results found have imperative implications for banks' managers, regulators and researchers. Bank managers should be more concerned with the negative repercussions of oil price fluctuations on the development of their banks. The regulatory authorities must emphasize policies and strategies to further strengthen their banking sector in order to alleviate the negative influence of oil price shocks on economic growth. Researchers focused on finance-growth nexus must take into account the potential influence of oil price shocks. Originality/value The developed conceptual model allows examining to what extent the oil price fluctuations might affect the relationship between economic growth and banking sector development. This effect is neither evaluated nor clarified in the relevant literature.","PeriodicalId":46475,"journal":{"name":"EuroMed Journal of Business","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135476955","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: 0
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