{"title":"Harnessing Machine Learning for Predicting Cryptocurrency Returns","authors":"Hiridik Rajendran, Parthajit Kayal, Moinak Maiti","doi":"10.1177/09721509241226575","DOIUrl":"https://doi.org/10.1177/09721509241226575","url":null,"abstract":"The study investigates the predictability of both the individual and basket of 10 major cryptocurrencies’ daily price changes between 2017 and 2023 by employing various machine learning classification algorithms such as random forests, k-nearest neighbour, decision trees, logistic regression, and Bernoulli naïve Bayes. These models utilize 15 different features based on historical price data and technical indicators as input features. The study estimates find logistic regression as superior over other models under consideration in predicting cryptocurrency daily returns. Overall, the study finds that on an average machine learning classification algorithms predictive accuracies have surpassed 50% when applied to daily frequencies on the basket of 10 major cryptocurrencies.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"11 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2024-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140033461","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 Nexus Between Foreign Direct Investment and Domestic Investment in Myanmar: A Panel ARDL Approach","authors":"Meseret Ebabu Ejigu, Ei Thinzar Win","doi":"10.1177/09721509241229214","DOIUrl":"https://doi.org/10.1177/09721509241229214","url":null,"abstract":"Foreign direct investment is the main driver of the growth. The development of Myanmar mainly depends on FDI and domestic investment. The objective of this article is to analyze the relationship between FDI and domestic investment in Myanmar from 1990 to 2020. The mean group estimator ARDL model was applied in this empirical study to evidence the relationship between them. This study employed newly collected sector-specific FDI inflows and domestic investment data for detailed examination. In line with the target of this article, the question arises whether FDI crowds in or crowds out DI in Myanmar. According to the outcomes, FDI and DI have a positive and insignificant relationship in the short-run results. However, they are positive and statistically significant in the long-run. There are unique causalities between FDI and DI; between EMP and DI and between EXCH and DI. Hence, FDI does Granger-cause DI. Thus, FDI crowds in DI in the short- and long-hauls in Myanmar. Therefore, the Government should actively do investment promotion for the investors to attract more FDI inflows into the country by facilitating business to sustain the country’s development and encourage the local businesspeople by educating how to use modern technology to shift from labor- to capital-intensive industries for increasing production and efficiency in Myanmar. Implications of the finding are explained with theoretical contributions, recommendations and research limitation are discussed.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"267 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2024-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140033636","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":"Voluntary Intellectual Capital Disclosure and Information Asymmetry: Study of Indian Firms","authors":"Soumya Singhal, Seema Gupta","doi":"10.1177/09721509241227747","DOIUrl":"https://doi.org/10.1177/09721509241227747","url":null,"abstract":"This article develops a disclosure index to examine the extent and quality of intellectual capital disclosure in Indian firms. Furthermore, it assesses the gap between stakeholder expectations and industry disclosure procedures by conducting five years database analysis. To analyze the extent and quality of intellectual capital disclosure, a content analysis technique was applied to a sample of 30 non-financial firms listed on the Bombay Stock Exchange for five years, 2018–2022. A disclosure index of 42 items was constructed based on previous studies under three intellectual capital categories: Structural Capital, Relational Capital, and Human Capital. It was found that Indian companies had a low level of intellectual capital disclosure, although it increased by 28% from 2018 to 2022. Also, there was an upward movement in the disclosure of all intellectual capital components. Structural capital is disclosed by the number of organizations, whereas human capital is being disclosed the lowest. This study developed a new disclosure index consisting of 42 intellectual capital items based on extant research conferred by experts. In addition, the study considered a Sensex non-financial company for the analysis. Third, this study uses graphs to represent disclosure quality.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"129 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2024-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139955542","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}
Rubina Romanello, Bernardo Balboni, Maria Chiarvesio, Justin Paul
{"title":"Early, Rapid or Global? Internationalization Speed and SME’s Performance","authors":"Rubina Romanello, Bernardo Balboni, Maria Chiarvesio, Justin Paul","doi":"10.1177/09721509231221915","DOIUrl":"https://doi.org/10.1177/09721509231221915","url":null,"abstract":"The article investigates the impact of three dimensions of the speed of internationalization speed – the entry timing, the initial speed and the pace of international expansion – on the performance of exporting small‐ and medium‐sized enterprises (SMEs). To this purpose, we adopt a mixed-method approach analysing quantitative and qualitative data on Italian-exporting SMEs. The results show that entry timing, which is not relevant per se, moderates the positive impact of the initial speed on SME’s performance. Furthermore, a higher pace of international expansion is negatively related to the performance of SMEs. Building on the early internationalization literature, the study contributes to the existing literature on performance outcomes of the speed of internationalization of SMEs. The study has managerial implications for managers and entrepreneurs who are planning to internationalize.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"138 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2024-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139955536","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":"Determining Factors of Eco-innovation Adoption: An Empirical Study of Micro- and Small Enterprises in Johannesburg, South Africa","authors":"Kiru Sichoongwe","doi":"10.1177/09721509231219078","DOIUrl":"https://doi.org/10.1177/09721509231219078","url":null,"abstract":"Eco-innovation (EI) is a typical innovation that is beneficial to the environment. It is seen as a necessary step that positively contributes to the worldwide fight against carbon emissions. It is a crucial component for achieving sustainable development, and improving environmental and economic performance. This study investigates what drives micro- and small enterprises (MSEs) to adopt environmental innovation technologies in Johannesburg, South Africa. An econometric model is used in the study to examine a total of 1,021 MSEs. The probit findings show that environmental tax, government subsidies, and research and development activities have a positive influence on EI adoption. Also, adoption of EI is dependent on the successful application of non-EIs (e.g., innovation on new products, innovation on improved products and innovation on improved services) by enterprises. The article concludes with policy implications.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"60 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2024-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139955361","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}
Srikanth Potharla, S. Mahapatra, Surya Kumari Turubilli
{"title":"Is Institutional Ownership Socially Responsible? Perspectives from Heterogeneity and Stability of Institutional Ownership","authors":"Srikanth Potharla, S. Mahapatra, Surya Kumari Turubilli","doi":"10.1177/09721509231210366","DOIUrl":"https://doi.org/10.1177/09721509231210366","url":null,"abstract":"This study examines the relationship between institutional ownership and the corporate social responsibility (CSR) performance of companies in India. Referring to social market theory, the free cash flow theory of agency costs and the institutional theory of CSR, this study hypothesized a positive association between institutional ownership and CSR performance (CSP). It empirically tested the hypothesis on a sample of 814 firm-years from 2010 to 2019. The findings reveal a significantly positive association between institutional ownership persistence and CSP. The robustness of the findings is tested against the heterogeneity of institutional ownership, namely, domestic and foreign institutional ownership, with reference to the ‘hometown advantage hypothesis’ and ‘global investor hypothesis’. Domestic institutional ownership significantly impacts CSP in line with the ‘hometown advantage hypothesis’; meanwhile, the significant influence of foreign institutional ownership on CSR aligns with the ‘global investor hypothesis’.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"32 12","pages":""},"PeriodicalIF":2.4,"publicationDate":"2023-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138972639","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":"A Moderating Role of Gender on Agro-Entrepreneurial Intention Among Youths","authors":"P. Ezeh","doi":"10.1177/09721509231212959","DOIUrl":"https://doi.org/10.1177/09721509231212959","url":null,"abstract":"This article aimed to examine the impact of subjective norm (SN), attitude and perceived behavioural control (PBC) on Nigerian youths’ agro-entrepreneurial intention (EI) as well as moderating role of gender. The unit of analysis is 400 youths in Nigeria, ranging from ages of 18 to 40 years. In this study, structural equation modelling was used. The result shows that attitude, SN and PBC have significant relationship with Nigerian youths’ agro-EI. Also, there is no significant difference between men and women on PBC and attitude towards agro-entrepreneurship, but there is a significant difference on SN. Standard estimates revealed that women have a stronger SN than men. Finally, it was discovered that Nigerian youths have interest in agro-entrepreneurship. This study is unique since it focused specifically on agro-entrepreneurial intent and the moderating role of gender in an agrarian and gender sensitive zone, which many studies ignored. Gender role was emphasized in this study. Thus, it has shown that society and community have more influence on women than men when engaging in agro-entrepreneurship.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"33 21","pages":""},"PeriodicalIF":2.4,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139005362","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":"Competitiveness Analysis of Pakistan’s Cotton Yarn Exports Relative to India and USA: A Demand System Application with Focuses on China’s Market","authors":"Saleem Khan, Salman Azad Khan, M. Kamal, A. Syed","doi":"10.1177/09721509231199302","DOIUrl":"https://doi.org/10.1177/09721509231199302","url":null,"abstract":"This study employed the revealed comparative advantage (RCA), revealed symmetric comparative advantage (RSCA) and Vollrath’s indices to measure Pakistan’s export competitiveness of cotton yarn in the world. Meanwhile, the country’s export competitiveness is evaluated using the comparative advantage by countries index in China, the world’s largest consumer of cotton yarn and Pakistan’s main export destination. Additionally, linear approximated almost ideal demand systems (LA/AIDS) is employed to anticipate the demand relations for exports of cotton yarn (Pakistan, India and the USA) in the Chinese market over the period 1991–2019. The value of RCA indices greater than one indicates that the country has comparative advantage in exports of cotton yarn in both the global and Chinese market. The findings also revealed that the nation’s comparative advantage position has decreased in global market while improved in the regional market of China. Furthermore, based on the approximation of restricted LA/AIDS model, the results affirmed that the exports of cotton yarn had high own-price sensitivity with negative signs, whereas cross-price sensitivity with positive signs. With regards to Pakistan’s exports, estimates of cross-prices indicate that China’s imports of yarn from Pakistan are substitutable for imports of yarn from India and the USA. In addition, the expenditure elasticity for India and US cotton yarn is greater than one, indicating that China viewed their exports of cotton yarn as quality good. On the other hand, the expenditure elasticity for Pakistan’s is less than one, but close enough to one, which reflects the cut-off point for exports of quality goods. Pakistan, therefore, needs to produce cotton yarn more efficiently by reducing costs and enhancing the reputation of quality to increase exports and market share.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"18 12","pages":""},"PeriodicalIF":2.4,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138591388","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":"Entrepreneurial and Survival Motivations in the Informal Food Sector: A Case Study in N’Djamena, Chad","authors":"Moustapha Abakar Moussa, Recp Yilmaz","doi":"10.1177/09721509231212180","DOIUrl":"https://doi.org/10.1177/09721509231212180","url":null,"abstract":"This article examines participation in the informal food sector in Chad’s capital city, N’Djamena, by studying the differences between survivalist and opportunistic food vendors. The objective is to determine whether the nuanced approach to participation in the informal food sector proposed by studies conducted in Brazil and India can also be applied to the African context, particularly in N’Djamena, Chad. Using five criteria to differentiate the two groups, four regression models were developed to identify the characteristics most strongly associated with each group. The results show that street food vendors are most likely to be opportunistic and that few vendors are both survivalist and opportunistic. Many similarities were found between the two groups, and both would benefit from a more favourable political environment. The implications of this study are important for street vendors, who face difficult working conditions and social stigma due to their informal work. This study contributes to a better understanding of participation in the informal food sector in Chad and may help guide the development of more equitable and effective policies to support these informal workers.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"35 32","pages":""},"PeriodicalIF":2.4,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138601331","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":"Does Strategic Planning & Planning Resources Influence the Performance of Financial Institutions? Roles of Managerial Involvement and Institutional Capability","authors":"Meseret Ebabu Ejigu","doi":"10.1177/09721509231169358","DOIUrl":"https://doi.org/10.1177/09721509231169358","url":null,"abstract":"This article examines how does strategic planning & planning resources influence the performance of financial institutions in Ethiopia? Besides this, the study investigates the mediating role of institutional capability & moderating role of managerial involvement. The study used cross-sectional research that relied on survey. This study employs Hierarchical Linear Model (HLM) and MLMED for mediation hypothesis. These data consisted of 142 managers from 35 different financial institutions. This study expands the knowledge edge in the field of strategic management through the discovery that strategic planning affects the performance of financial institutions directly, and indirectly through the mediation of institutional capability and managerial involvement has moderating role on the relationship between strategic planning & financial performance, which has a positive and significant effect. The results of this study have guidance for managers how to configure strategic planning & planning resources to obtain competitive advantage through institutional capability to enhance the performance of financial institutions. Implications of the findings are explained with theoretical contribution; recommendations and future research are discussed.","PeriodicalId":47569,"journal":{"name":"Global Business Review","volume":"123 15","pages":""},"PeriodicalIF":2.4,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138608057","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}