INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS最新文献

{"title":"Unveiling investment behavior: through emotional intelligence, social stigma, financial literacy and risk tolerance","authors":"Pooja Chaturvedi Sharma","doi":"10.1108/ijse-08-2023-0626","DOIUrl":"https://doi.org/10.1108/ijse-08-2023-0626","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study examines the effects of financial literacy and financial risk tolerance on investor behavior by introducing social stigma as a mediator and emotional intelligence as a moderating factor.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Data is collected from 761 financially independent individual investors, with a minimum age of 25 years, a minimum of five years of stock market experience and residing in five selected major Indian cities. The collected data is subsequently analyzed using SmartPLS. Homogeneous purposive sampling followed by snowball sampling was employed.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The findings of the study demonstrate a strong and noteworthy impact of financial literacy on investor behavior. The research reveals that social stigma acts as a partial mediator and emotional intelligence plays a significant moderator with direct effects and indirect effects between financial literacy, financial risk tolerance, social stigma and investor behavior.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>Exploring emotional intelligence in financial decisions enriches academic programs by integrating it into financial education. Collaboration between academia and financial institutions yields practical tools, infusing emotional intelligence into services. This prompts systemic shifts, reshaping education and societal discourse, fostering inclusive, emotionally intelligent financial landscapes, aiming to redefine both academic teachings and real-world financial practices.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Integrating emotional intelligence into government-led financial literacy programs can transform societal perspectives on financial decision-making. Customized services, destigmatizing workshops and collaborative efforts with academia foster an emotionally intelligent financial landscape, reshaping traditional paradigms.</p><!--/ Abstract__block -->\u0000<h3>Social implications</h3>\u0000<p>Promoting open societal discussions about finances combats stigma, fostering a supportive space for risk-taking. Emphasizing emotional intelligence in awareness campaigns cultivates inclusivity and confidence. Normalizing financial talks empowers individuals, enhancing their well-being. Elevating both financial literacy and emotional intelligence enhances overall financial health, nurturing a community adept at navigating financial journeys.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study marks a notable contribution to behavioral finance and social stigma theory by examining their intersection with emotional intelligence. It uniquely introduces social stigma as a mediator and emotional intelligence as a moderator, unexplored in this context. This novelty underscores the research’s significance, offering practical insights into financial well-being.</p><!--/ Abstract__block -->\u0000<h3>Peer review</h3>\u0000<p>The peer review ","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"87 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140623907","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 role of foreign aid in the nexus between capital flight and unemployment in sub-Saharan Africa","authors":"Simplice Asongu, Nicholas M. Odhiambo","doi":"10.1108/ijse-05-2023-0368","DOIUrl":"https://doi.org/10.1108/ijse-05-2023-0368","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study assesses the relevance of foreign aid to the incidence of capital flight and unemployment in 20 countries in sub-Saharan Africa.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study is for the period 1996–2018, and the empirical evidence is based on interactive quantile regressions in order to assess the nexuses throughout the conditional distribution of the unemployment outcome variable.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>From the findings, capital flight has a positive unconditional incidence on unemployment, while foreign aid dampens the underlying positive unconditional nexus. Moreover, in order for the positive incidence of capital flight to be completely dampened, foreign aid thresholds of 2.230 and 3.964 (% of GDP) are needed at the 10th and 25th quantiles, respectively, of the conditional distribution of unemployment. It follows that the relevance of foreign aid in crowding out the unfavourable incidence of capital flight on unemployment is significantly apparent only in the lowest quantiles or countries with below-median levels of unemployment. The policy implications are discussed.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The study complements the extant literature by assessing the importance of development assistance in how capital flight affects unemployment in sub-Saharan Africa.</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"99 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140614071","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 impact of artificial intelligence on unemployment: a review","authors":"Gianluca Piero Maria Virgilio, Fausto Saavedra Hoyos, Carol Beatriz Bao Ratzemberg","doi":"10.1108/ijse-05-2023-0338","DOIUrl":"https://doi.org/10.1108/ijse-05-2023-0338","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The aim of this paper is to summarise the state-of-the-art debate on impact of artificial intelligence on unemployment and reporting up-to-date academic findings.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The paper is designed as a review of the labour vs capital conundrum, the differences between industrial automation and artificial intelligence, threat to employment, the difficulty of substituting, role of soft skills and whether technology leads to the deskilling of human workers or favors increasing human capabilities.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Some authors praise the bright future developments of artificial intelligence while others warn about mass unemployment. Therefore, it is paramount to present an up-to-date overview of the problem, compare and contrast its features with what happened in past innovation waves and contribute to academic discussion about the pros/cons of current trends.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The main value of this paper is presenting a balanced view of 100+ different studies, the vast majority from the last five years. Reading this paper will allow to quickly grasp the main issues around the thorny topic of artificial intelligence and unemployment.</p><!--/ Abstract__block -->\u0000<h3>Peer review</h3>\u0000<p>The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0338</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"188 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140563312","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 my school teach me entrepreneurship? School entrepreneurship curriculum and students’ entrepreneurial intention: a serial mediation-moderation analysis","authors":"Jayesh Patel, Sanjay Vannai, Vikrant Dasani, Mahendra Sharma","doi":"10.1108/ijse-05-2023-0350","DOIUrl":"https://doi.org/10.1108/ijse-05-2023-0350","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>In order to achieve a sustained level of entrepreneurship in India, it is very important that the spirit and culture of entrepreneurship are ingrained in students, right at the “school” level. Specifically, in this study we examine how student entrepreneurial behavior is influenced by entrepreneurial activities at school.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>We chose schools in India to recruit the students’ samples; 520 higher secondary school students were approached in-person to understand their entrepreneurial intentions (EI). We applied PLS-SEM to test the relationships of serial mediation.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Our findings imply that the students' entrepreneurial intentions are largely influenced by the school’s entrepreneurship program (e.g. labs, lectures and exercises). Further, we noted that school career guidance and students’ entrepreneurship attitude effectively mediate the relationship between school entrepreneurship curriculum and EI.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Entrepreneurship education beginning in schools does foster stronger entrepreneurial intent over the short-term. It also helps in fostering entrepreneurs, who create jobs and support in achieving the country’s desired SDGs.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The study contributes new dimensions to entrepreneurship research focusing on school children hence anchoring at early stages.</p><!--/ Abstract__block -->\u0000<h3>Peer review</h3>\u0000<p>The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0350</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"23 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140563401","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":"Gender-based division of household labor: a study of selected districts of Bangladesh","authors":"Sabiha Afrin, Md. Khaled Saifullah","doi":"10.1108/ijse-03-2023-0195","DOIUrl":"https://doi.org/10.1108/ijse-03-2023-0195","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>As women perform most household chores and other nonproductive work, gender-based division of labor in the home has now been identified as a barrier to gender equality. The objective of this study is to assess the effects of gender distribution of housework especially for women and investigate the factors influencing the total hours spent on house chores in Bangladesh.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study adopted a quantitative approach based on survey data obtained from 200 households in the Madaripur and Gopalganj districts of Bangladesh. To analyze the obtained data, the partial least squares (PLS) regression was used.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>According to this study, demographic and socioeconomic factors of women, and gender are influencing the total hours spent in housework. Women were observed to have a positive relationship with empowerment but a negative relationship with social perception. Social perception was further observed to have a significant impact on the total number of hours expended by women on house chores.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The study suggests that the importance of sharing the burden of household work be taught in schools and community-based awareness programs so that it becomes ingrained as a social and cultural practice. Furthermore, the government should conduct a proper assessment that recognizes unpaid housework by women as an important factor in inclusive sustainable development.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>Issues of inequality in the division of labor in household activities are barely recognized in Bangladesh. Therefore, this study collected primary data to assess the effects of gender on the distribution of housework. The findings of the study will help policymakers and academicians to better understand the gender-based division of household labor.</p><!--/ Abstract__block -->\u0000<h3>Peer review</h3>\u0000<p>The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2023-0195.</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"30 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140563398","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":"Dynamics of household welfare change and analysis of coping strategies during floods: an empirical investigation","authors":"Sibananda Senapati","doi":"10.1108/ijse-07-2023-0569","DOIUrl":"https://doi.org/10.1108/ijse-07-2023-0569","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to understand the socioeconomic impact of flood events on households, especially household welfare in terms of changes in consumption and coping strategies to deal with flood risk. This study is based on Bihar, one of the most frequently flood-affected, most populous and economically backward states in India.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Primary data were collected from 700 households in the seven most frequently flood-affected districts in Bihar. A total of 100 individuals from each district were randomly selected from flood-affected villages. Based on a detailed literature review, an econometric (probit) model was developed to test the null hypothesis of the availability of consumption insurance, and the multivariate probability approach was used to analyze the various coping strategies of these households.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results of this study suggest that flood-affected households maintain their consumption by overcoming various losses, including income, house damage and livestock loss. Households depend on financial transfers, borrowings and relief, and migrate to overcome losses. Borrowing could be an extra burden as the government compensates for house damage and crop loss late to the affected households. Again, there is no compensation to overcome livelihood loss and deal with occurrences of post-flood diseases, which further emphasizes the policy implications of strengthening the health infrastructure in the state and generating alternative livelihood opportunities.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study discusses flood risk in terms of changes in household welfare, identifies the most effective risk-coping capabilities of rural communities and contributes to the shortcomings of the government insurance and relief model.</p><!--/ Abstract__block -->\u0000<h3>Peer review</h3>\u0000<p>The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-07-2023-0569</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"30 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140563266","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":"Trends and population attributable risk estimates for individual and community-level factors of neonatal mortality in Pakistan (1990–2018)","authors":"Asifa Kamal, Lubna Naz, Abeera Shakeel","doi":"10.1108/ijse-09-2022-0604","DOIUrl":"https://doi.org/10.1108/ijse-09-2022-0604","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Pakistan ranks third globally in terms of newborn deaths occuring within the first 24 hours of life. With a neonatal mortality rate of 42.0%, it carries the highest burden compared to neighboring countries such as Bangladesh (17%), India (22.7%) and Afghanistan (37%). While there has been a decline in neonatal mortality rates in Pakistan, the pace of this decline is slower than that of other countries in the region. Hence, it is crucial to conduct a comprehensive examination of the risk factors contributing to neonatal mortality in Pakistan over an extended period. This study aims to analyze the trends and determinants of neonatal mortality in Pakistan over three decades, providing valuable insights into this persistent issue.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study focused on neonatal mortality as the response variable, which is defined as the death of a live-born child within 28 days of birth. Neonates who passed away during this period were categorized as “cases,” while those who survived beyond a specific timeframe were referred to as “noncases.” To conduct a pooled analysis of neonatal mortality, birth records of 39,976 children born in the five years preceding the survey were extracted from four waves (1990–2018) of the Pakistan Demographic and Household Survey. The relationship between risk factors and the response variable was examined using the Cox Proportional Hazard Model. Neonatal mortality rates were calculated through the direct method using the “syncmrates” package in Stata 15.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>During the extended period in Pakistan, several critical protective factors against neonatal mortality were identified, including a large family size, improved toilet facilities, middle-aged and educated mothers, female children, singleton live births, large size at birth and longer birth intervals. These factors were found to reduce the risk of neonatal mortality significantly.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study makes the first attempt to analyze the trends and patterns of potential risk factors associated with neonatal mortality in Pakistan. By examining a large dataset spanning several years, the study provides valuable insights into the factors influencing neonatal mortality.</p><!--/ Abstract__block -->\u0000<h3>Peer review</h3>\u0000<p>The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-09-2022-0604</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"62 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140300672","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 spillover effect of export on total factor productivity of enterprises: panel data approach in Vietnam","authors":"Anh Tuyet Nguyen, Vu Hiep Hoang, Phuong Thao Le, Thi Thanh Huyen Nguyen, Thi Thanh Van Pham","doi":"10.1108/ijse-05-2023-0373","DOIUrl":"https://doi.org/10.1108/ijse-05-2023-0373","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study addresses the empirical results of the spillover effect with export as the primary economic activity that enhances local businesses' total factor productivity (TFP). A learning mechanism is expected to be generated and used as the basis for the policy implication.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study adopted the Cobb–Douglas function and multiple estimation approaches, including the generalized method of moments, the Olley–Pakes and the Levinsohn–Petrin estimation techniques. The findings were estimated based on the panel data of a Vietnamese local businesses survey conducted by the General Statistics Office of Vietnam (GSO) from 2010 to 2019.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results showed that the highest TFP belongs to the businesses in the Southeast region, the Mekong Delta region, the mining industry and the foreign-invested enterprises. The lowest impacted TFP are businesses in the Northwest region and agricultural, forestry and fishery sectors. In addition, the estimated results also show that the positive spillover effect on TFP is shown through forward and backward linkage. The negative spillover effect is expressed through the backward and horizontal channels.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>This study offers original empirical evidence on the learning mechanisms via which exports contribute to productivity improvement in a developing Asian economy, so making a valuable contribution to the existing academic literature in this domain. The findings of this research make a valuable contribution to the advancement of understanding on the many ways via which spillover effects manifest such as horizontal, forward, backward and supplied-backward linkage.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The study's findings indicate that it is advisable for governments to give priority to the development and improvement of forward and supply chain linkages between exporters and local suppliers. This approach is recommended in order to optimize the advantages derived from export spillovers. At the organizational level, it is imperative for enterprises to strengthen their technological and managerial skills in order to efficiently incorporate knowledge spillovers that originate from overseas partners and trade counterparts.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study sheds new evidence on the export spillover effect on productivity in emerging economies, with Vietnam as the case study. The paper contributes to the research's originality by adopting novel methodological aspects to estimate local businesses' impact on total factor productivity.</p><!--/ Abstract__block -->\u0000<h3>Peer review</h3>\u0000<p>The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0373</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"44 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140202635","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":"Impact of credit access of farmers in cooperative societies on financial performance: the predictive effect of financial literacy","authors":"Ogochukwu Gabriella Onah, Anselm Anibueze Enete, Chukwuemeka Uzoma Okoye, Chukwuma Otum Ume, Chukwuemeka Chiebonam Onyia","doi":"10.1108/ijse-10-2023-0837","DOIUrl":"https://doi.org/10.1108/ijse-10-2023-0837","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The goal of this study was to determine the impact of access to credit facilities on financial performance among farmers of cooperative societies. The study also tested the predictive power of financial literacy.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The descriptive survey research design was used for the study while the sample size was 240 farmers of cooperative societies from South-East Nigeria. The farmers were categorised into those with access to credit facilities and those without access to credit facilities. A structured questionnaire was used to collect data for the study. Data were analysed using multiple analyses of variance (MANOVA) and multiple regression analysis.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Farmers with access to credit facilities reported higher financial performance such as return on investment, working capital, net profit, profit margin and sales. However, those without access to credit facilities reported lower mean scores on financial performance. Also, financial literacy, like financial knowledge, attitude and awareness, significantly predicts the impact of access to credit facilities on financial performance. It was also found that the duration of repayment of credit facilities, like medium and long term, contributes more to improving financial performance.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study has shown that even though access to credit facilities impacts financial performance, financial literacy is an important consideration. Also, the duration of repayment is a crucial factor.</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"6 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140202307","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 corruption moderate the military spending – Informal economy nexus? The empirical evidence from Asian countries","authors":"Toan Khanh Tran Pham","doi":"10.1108/ijse-06-2023-0454","DOIUrl":"https://doi.org/10.1108/ijse-06-2023-0454","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>In pursuit of good governance and better allocation of resources, corruption and informal economy are of interest to policymakers and citizens alike. The impacts of military spending on the informal economy are scant. Moreover, the effects of an external factor, such as corruption that moderates this relationship, have largely been neglected in previous studies. Hence, this paper investigates how corruption moderates the effects of military spending on the informal economy in 30 Asian countries from 1995 to 2017.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This paper utilizes the GMM estimation technique, which allows cross-sectional dependence and slope homogeneity in panel data analysis, to examine the moderating role of corruption on the relationship between military spending and the informal economy.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Empirical findings from this paper indicate that an increase in military spending declines the informal economy while corruption increases it. Interestingly, the negative effects of military spending on the informal economy will mitigate with a greater degree of corruption in the Asian region. We also find that enhancing economic growth and attracting more FDI has reduced the informal economy in Asian countries.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors' knowledge, this is the first empirical study conducted to examine the moderating role of corruption on the military spending – informal economy nexus. Thus far, this approach has not been investigated in the existing literature, particularly for Asian countries.</p><!--/ Abstract__block -->","PeriodicalId":47714,"journal":{"name":"INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS","volume":"22 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140151648","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}