JOURNAL OF ECONOMICS AND BUSINESS最新文献_第9页

Monetary policy, funding liquidity, and undisbursed loans in Indonesia: The bank lending channel revisited 印度尼西亚的货币政策、资金流动性和未支付贷款:重新审视银行贷款渠道

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-09-01 DOI: 10.1016/j.jeconbus.2023.106134

Wahyoe Soedarmono , Iman Gunadi , Sudiro Pambudi , Tika Nurhayati

{"title":"Monetary policy, funding liquidity, and undisbursed loans in Indonesia: The bank lending channel revisited","authors":"Wahyoe Soedarmono , Iman Gunadi , Sudiro Pambudi , Tika Nurhayati","doi":"10.1016/j.jeconbus.2023.106134","DOIUrl":"10.1016/j.jeconbus.2023.106134","url":null,"abstract":"<div><p><span><span>This paper extends the literature on the bank lending channel by assessing the interplay between </span>monetary policy and funding liquidity in affecting undisbursed loans. Using a sample of Indonesian banks, our empirical findings highlight that a higher monetary policy </span>interest rate increases undisbursed loan growth, suggesting that the bank lending channel affects borrower decisions. Furthermore, we find that banks with higher funding liquidity exhibit lower undisbursed loan growth in response to contractionary monetary policy. However, the role of funding liquidity in reducing undisbursed loans due to a higher monetary policy interest rate is more pronounced for weakly capitalized banks and small banks. On one hand, this paper emphasizes the role of funding liquidity, particularly for weakly capitalized banks and small banks, in maintaining financial intermediation during the implementation of contractionary monetary policy. On the other hand, we also emphasize that the effectiveness of the bank lending channel is mainly driven by highly capitalized banks and large banks.</p></div>","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"127 ","pages":"Article 106134"},"PeriodicalIF":3.8,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74882874","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

Competitive advantage and firm, industry, and country effects: An asset pricing perspective 竞争优势与企业、行业和国家效应:一个资产定价的视角

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-09-01 DOI: 10.1016/j.jeconbus.2023.106137

Tobias Kohls , Ferdinand Mager , Tobias Regele

引用次数: 0

An Empirical Assessment of the Welfare Impacts of the Rising Global Price of Food: The Case of Haiti 全球食品价格上涨对福利影响的实证评估:以海地为例

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-06-30 DOI: 10.31014/aior.1992.06.02.511

David Forgenie, N. Khoiriyah, Xiaoling Zhu, Doppy Roy Nendissa, Meera Mahase-Forgenie, A. Sa’diyah, E. F. Elbaar

{"title":"An Empirical Assessment of the Welfare Impacts of the Rising Global Price of Food: The Case of Haiti","authors":"David Forgenie, N. Khoiriyah, Xiaoling Zhu, Doppy Roy Nendissa, Meera Mahase-Forgenie, A. Sa’diyah, E. F. Elbaar","doi":"10.31014/aior.1992.06.02.511","DOIUrl":"https://doi.org/10.31014/aior.1992.06.02.511","url":null,"abstract":"Global food price inflation has serious implication toward welfare and food and nutrition security in developing countries where most of the population are classified as low-income and are net-food importers. Haiti is one such nation which depend heavily on trade for food, making them extremely vulnerable to global food price increase. This study aims to investigate the welfare impact of rising global prices of imported food on Haitian consumers using annual data from 1980-2021. The LA-AIDS model was employed to estimate Hicksian price and income elasticities for the five major imported food categories, and compensating variation was used to assess the welfare impacts of rising global food prices on Haitian consumers. The study finds that all imported food categories were import price inelastic, except for meat which was price elastic. Cross-price elasticities indicated substitution and complementary relationships between various pairs of imported food categories. Income elasticities showed that demand for cereals and dairy was income inelastic, while demand for meat, vegetable oil, and sugar was income elastic. The welfare exercise revealed that price increases between 2006-2008, 2010-2013, and 2020-2021 resulted in welfare losses of around US$223.91 million, US$89.33 million, and US$458.50 million, respectively. It was also discovered that imported cereals and vegetable oil accounted for most of the lost welfare during the study periods. The results of this study provide valuable information for policymakers to develop policy intervention strategies that aims to safeguard the welfare of Haitian consumers.","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"18 1","pages":""},"PeriodicalIF":3.8,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74183220","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

Household Transfer to Family in Indonesia: The Parental Role Model 印尼家庭向家庭的转移:父母的榜样

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-06-30 DOI: 10.31014/aior.1992.06.02.508

Apoh Ibrahim Saragih, Sukamdi ., Elan Satriawan, E. Pangaribowo

引用次数: 0

Relationship Between Regulatory Interest and Market Interest Rates in Vietnam: Quantitative Analysis Perspective 越南监管利率与市场利率的关系:定量分析视角

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-06-30 DOI: 10.31014/aior.1992.06.02.503

Nguyen Thi Van Anh, Nguyen Ngọc Tung, Dinh Le Quynh Thu, Trương Thị Ánh Tuyết

{"title":"Relationship Between Regulatory Interest and Market Interest Rates in Vietnam: Quantitative Analysis Perspective","authors":"Nguyen Thi Van Anh, Nguyen Ngọc Tung, Dinh Le Quynh Thu, Trương Thị Ánh Tuyết","doi":"10.31014/aior.1992.06.02.503","DOIUrl":"https://doi.org/10.31014/aior.1992.06.02.503","url":null,"abstract":"The article studies the relationship between regulatory interest and market interest rates in Vietnam from 2015 – 2022. This relationship has been mentioned in many theories and empirical studies in different countries and in different periods. In order to explain it, the research team collected data on the refinancing rate – which represents the regulatory interest rates and lending rates – representing the market interest rates from 2005 to 2022. The data is collected quarterly and analyzed using Eviews8 software to build a linear regression model showing the relationship between regulatory interest rates and market interest rates during the research period. In this article, the research team divides the research period into three phases: 2005Q1 – 2011Q4, 2012Q1 – 2016Q4, 2017Q1 – 2022Q4. The results of the linear regression model show that for the period 2005Q1 – 2011Q4, when the regulatory interest rate increases by 1%, the market interest rate increases by 1%, the market interest rate increases by 0.7326%; for the period 2012Q1 – 2016Q4, when the regulatory interest rate increases by 1%, the market interest rate increases by 0.5943%; for the period 2017Q1-2022Q4, when the regulatory interest rate increases by 1%, the market interest rate increases by 0.2269%. This shows a positive relationship of regulatory interest rate and market interest rate. In addition, for the period 2012Q1-2016Q4, the research team added trend variables and for the period 2017Q1-2022Q4 the research team added trend variables and dummy variables to the regression model. It also proves that the market interest rate in the research period is governed by the trend and volatility of the economy. From the research results, the research team made several exchanges and discussions to improve the effectiveness of the interest rate management policy in order to achieve the goal of stabilizing the macro economy and supporting economic growth.","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"611 1","pages":""},"PeriodicalIF":3.8,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77614446","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

Fraudulent Financial Reporting and Fraud Pentagon: Case Study on Indonesia Stock Exchange 虚假财务报告和欺诈五角大楼:对印度尼西亚证券交易所的案例研究

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-06-30 DOI: 10.31014/aior.1992.06.02.507

Abdul Hafiz Tanjung, Elvina Fitriani

引用次数: 0

Social Capital Resource Attributes Affecting Performance in Deposit-taking Savings and Credit Co-operatives in Kenya 社会资本资源属性对肯尼亚储蓄信用合作社绩效的影响

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-06-30 DOI: 10.31014/aior.1992.06.02.510

Lydiah Wanjiru Kabue, J. Kilika, Paul M. Waithaka

{"title":"Social Capital Resource Attributes Affecting Performance in Deposit-taking Savings and Credit Co-operatives in Kenya","authors":"Lydiah Wanjiru Kabue, J. Kilika, Paul M. Waithaka","doi":"10.31014/aior.1992.06.02.510","DOIUrl":"https://doi.org/10.31014/aior.1992.06.02.510","url":null,"abstract":"The paper reports the findings of research on the role of social capital resource attributes on the performance of deposit-taking savings and credit co-operative societies in a developing country context. The research was premised on the logic of the resource-based view that postulates that resources are the basis of performance variances across firms in the same industry. In addition, the study constructs are supported by the institutional theory and the social capital theory. Three attributes of social capital resources, specifically networking, reputation, and culture, were used to operationalize the construct. Data was obtained from representatives of functional areas involved in strategic decision-making in 38 deposit-taking SACCOs in Nairobi, Kenya. Data was collected using a 5-point Likert scale questionnaire whose computed Cronbach's alpha score showed that the instrument was reliable and internally consistent at above α=0.9. The study recorded a response rate of 71%. The study found that the three attributes of social capital are embedded in the deposit-taking SACCOs to a high extent and contribute towards improved performance of the deposit-taking SACCOs by explaining 51.3% of the variation of performance. The findings contribute towards explaining the strategic management process through which the components of social capital contribute towards the performance of the sampled organizations and raise several implications on relevant strategic management practices suitable to create and sustain social capital resources for enhanced organizational performance.","PeriodicalId":47522,"journal":{"name":"JOURNAL OF ECONOMICS AND BUSINESS","volume":"7 1","pages":""},"PeriodicalIF":3.8,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74604851","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

Nonlinear Impact of Financial Leverage on Profits: Case of Listed Companies in Vietnam 财务杠杆对利润的非线性影响:以越南上市公司为例

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-06-30 DOI: 10.31014/aior.1992.06.02.506

Bui Thi Ngoc, Pham Kieu Trang

引用次数: 1

Gender, Entrepreneurial Education, Self-Efficacy, Internal Control Locus, and Entrepreneurial Intention Based on the Perspective of Students 性别、创业教育、自我效能感、内部控制发生地与创业意向——基于学生的视角

IF 3.8

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-06-30 DOI: 10.31014/aior.1992.06.02.513

N. Nur, Rosemarie Sutjiati Njotoprajitno, Bram Hadianto

引用次数: 0

The Indispensability of Celebrity on Consumer’s Purchasing Behaviour in the Brewery Industry in Cameroon 名人对喀麦隆啤酒行业消费者购买行为的不可或缺性