Asian journal of economics, business and accounting最新文献

{"title":"Examining Firm Value Drivers: An Empirical Analysis of Property and Real Estate Companies on the Indonesian Stock Exchange","authors":"Heru Sulistiyo, Riana Sitawati, . Sutono, . Sudarman","doi":"10.9734/ajeba/2024/v24i61360","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61360","url":null,"abstract":"Aims: This study aims to investigate the impact of company size, leverage, and profitability on firm value using the price-to-book value (PBV) ratio as a proxy, focusing on property and real estate businesses listed on the Indonesia Stock Exchange (IDX). \u0000Study Design:  The research adopts a correlational study design. \u0000Place and Duration of Study: Indonesian Stock Exchange (IDX) issuers in 2021-2022. \u0000Methodology: The study was conducted using data from Indonesian Stock Exchange (IDX) issuers during the years 2021-2022.The population comprised property and real estate businesses listed on the IDX, totaling 161 companies (76 in 2021 and 85 in 2022). The sample was determined through a census method, resulting in 123 valid samples after excluding 38 outlier data points identified through a normality test. Data collection was conducted through documentation, and analysis was performed using multiple linear regression in SPSS 24. \u0000Results: The research findings indicate that company size, leverage, and profitability have a significant positive influence on firm value. \u0000Conclusion: The study's results provide empirical support for signaling theory, demonstrating that enhancements in company size, leverage, and profitability positively impact firm value.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"44 42","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140966182","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 Influence of Implementing Digital Marketing and Experiential Marketing on Brand Loyalty Mediated by Brand Trust","authors":"Israk Fabian Hasan, Budi Astuti, Anas Hidayat","doi":"10.9734/ajeba/2024/v24i61359","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61359","url":null,"abstract":"This research aims to examine the effect of implementing digital marketing and experiential marketing on brand loyalty through brand trust in coffee shops in the city of Yogyakarta, Indonesia. In this research, the population used was coffee shop customers in the city of Yogyakarta, Indonesia. The number of samples taken was 266 respondents. This research data was obtained using an online survey questionnaire via Google Form with a measurement scale using a 5-point Likert scale. This research is descriptive research using quantitative methods. The analytical tool used is Structural Equation Modeling (SEM), with data analysis techniques using the AMOS application version 23.0 and Sobel Test. The results of the analysis show that the influence of digital marketing implementation has a significant effect on brand loyalty, brand trust has a significant effect on brand loyalty and experiential marketing has no significant effect on brand trust and brand loyalty and digital marketing have no significant effect on brand trust. The results of this research can help the coffee shop industry, especially in the Indonesian context, in understanding consumer behavior and the factors that contribute to customer trust in a brand.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"18 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140969811","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":"International Trade, Institutional Quality and Poverty Level: A Case Study of Nigeria Economy","authors":"Orisadare M. A., Ayoade O. S.","doi":"10.9734/ajeba/2024/v24i61358","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61358","url":null,"abstract":"The study examined the differential and the interactive effects of disaggregated components of international trade and institutional quality on poverty level in Nigeria. The study employed ARDL Bound Test on the time series data spanning from 1981-2022. The findings of the study revealed mixed results both for the short run and long run. The short run result shows that (EXR) exchange rate has a positive and significant effect on poverty level with p-value of 0.0184; while the long run result shows no significant effect on poverty level in Nigeria. Also, the short run result of institutional quality (INQ) reveals a negative and significant effect on poverty level in Nigeria with the p-value of 0.0142; while the long run result shows a positive and significant effect on poverty level in Nigeria with the p-value of 0.0640. The short run results of (OM) oil import shows a negative and significant effect on poverty level with p-value of 0.0536; while the long run result shows a positive and significant effects on poverty level at p-value of 0.0808. The results of (NM) non-oil import had no significant effects on the level of poverty both in the short run and long run. The short run result of (NX) non-oil export shows a positive and significant effect on poverty level in Nigeria with p-value of 0.0230, while the long run result (NX) non-oil export shows a negative and significant effect on poverty level in Nigeria with the p-value of 0.0526. The short run and the long run results of (OX) oil export shows a negative and significant effect on poverty level at p-value of 0.000 and 0.0010 respectively.  Furthermore, the results for interactive effects shows that EXR_INQ has a positive and significant effect on poverty at p-value of 0.0196 in the short run, while the long run result displays a negative and significant effect on poverty level in Nigeria at the p-value of 0.0609. The short run result of NM_INQ shows an insignificant effect on poverty level in Nigeria, while the long run result of NM_INQ shows a positive and significant effect on poverty level in Nigeria at the p-value of 0.0461.  The short run result of NX_INQ shows a positive and significant effect on poverty in Nigeria with p-value of 0.0861; while the long run result of NX_INQ shows a negative and significant effect on poverty level with p-value of 0.0507. The short run and long run results of OM_INQ show no significant effect on poverty level in Nigeria. While, the result of OX_INQ shows a negative and significant effect on poverty level in Nigeria at p-value of 0.0562 and 0.0768 both in the short run and long run respectively.\u0000In conclusion, the outcome of the study shows that international trade has a significant effect on poverty level both in short run and long run. However, the country (Nigeria) is yet to benefit fully from the expected benefits associated with international trade. Therefore, the study recommends that in order for the country (Nigeria) to benefits fully from internat","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"33 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140975552","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":"Capital Asset Pricing Model: A Renewed Application on S&P 500 Index","authors":"John Kamwele Mutinda, A. Langat","doi":"10.9734/ajeba/2024/v24i61356","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61356","url":null,"abstract":"This study employs the Capital Asset Pricing Model (CAPM) to analyze the risk-return relationship of a diversified portfolio of nine companies from technology, finance, and health sectors within the S&P 500 index sourced from Yahoo Finance. Utilizing daily stock returns data from January 01, 2019, to December 31, 2023, we estimate beta coefficients and expected returns for each company, shedding light on their performance and risk characteristics. Our findings reveal that technology and finance sector stocks generally exhibit higher beta values and expected returns compared to healthcare sector stocks. Notably, NVIDIA Corporation emerges as the most volatile stock with the highest expected return of 23.095%, reflecting its position in the innovation-driven technology sector. Conversely, healthcare sector stocks demonstrate lower beta values and expected returns. Through an in-depth analysis, we underscore the importance of balancing risk and return in portfolio construction, considering investors’ risk tolerance and objectives. While acknowledging the limitations of CAPM, our study contributes to a deeper understanding of its applicability in portfolio management and asset pricing, providing valuable insights for investors and financial practitioners.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"12 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140980745","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":"Exchange Rate Volatility and Productivity in Nigeria: An Empirical Analysis","authors":"Monica A. Orisdare, S. Olofin","doi":"10.9734/ajeba/2024/v24i61357","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61357","url":null,"abstract":"The volatile movement in Nigeria’s exchange rate constitutes a severe headwind to the economic activity in the country and the eventual performance of productivity and economic growth. Therefore, this study sought to investigate the impact of exchange rate volatility on productivity in Nigeria. Due to the seemingly mixed order of integration in the variables, the Johansen and Bound cointegration tests were used to establish that there are long-run relationships between the variables. Following the cointegration tests, the analysis of the study was based on the Autoregressive Distributed Lag (ARDL) Model. The findings from the study revealed that exchange rate volatility negatively impacts productivity in Nigeria in the short run and in the long run. However, the financial development in Nigeria negatively impacts productivity, reflecting the underdevelopment of the financial system to transmit its function to the real sector.  Other variables considered emphasise persistence in the way they impact productivity. The article also emphasised the need for the harmonisation of foreign exchange management guidelines and clarity and transparency in the management of the foreign exchange market.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"26 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140980484","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 Effect of the Fed Interest Rate Hikes on the Financial Crisis Evidence from Emerging Market Economices","authors":"Xinru Li","doi":"10.9734/ajeba/2024/v24i61355","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61355","url":null,"abstract":"The purpose of this paper is to systematically study the economic consequences of this policy adjustment by analysing in depth the five interest rate hike actions of the Federal Reserve and their chain reactions in emerging market economies, applying economic principles and methods. In particular, the central question of concern is whether the Fed's interest rate hiking policy constitutes an important trigger of the financial crisis in emerging markets. In order to shed light on this complex phenomenon in a comprehensive manner, this paper not only analyses in depth the macroeconomic logic behind the Fed's interest rate hike, but also explores its transmission mechanism in emerging market economies, as well as the economic vulnerability of these countries in the face of external shocks. The results of the study show that the collapse of emerging countries as a result of the Fed's interest rate hikes seems to be inevitable, but we can draw insights from it: actively promoting the reform of the international monetary system and supporting the inclusion of more types of currencies in the international trade and investment settlement system has become a common choice, including for some Western countries, as well as the need to continue to optimise the economic structure of the domestic economy and to strengthen the ability to manage and control the comprehensive risks.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"66 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140985066","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":"Examining the Influence of the Belt and Road Initiative on Jiangsu’s Outward Foreign Direct Investment: Trends, Drivers and Challenges","authors":"Yu Wu","doi":"10.9734/ajeba/2024/v24i61354","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61354","url":null,"abstract":"The proposal of “One Belt, One Road” has led to friendly political and economic cooperation between China and the countries along the route, and the “One Belt, One Road” strategy has had a great impact on the outward foreign direct investment of China and the countries along the route. In the process of promoting the strategy, China has realized friendly economic exchanges and exchanges of talents and technologies with various countries and regions. This paper analyzes the OFDI data of Jiangsu Province in the past ten years to study the impact of the “Belt and Road” initiative on OFDI in Jiangsu Province. At the same time, through the analysis of the causes of OFDI and the current situation of OFDI in Jiangsu Province, this paper finds that the “Belt and Road” Initiative has promoted OFDI in Jiangsu Province, and puts forward corresponding countermeasures and suggestions for the further development of OFDI in Jiangsu Province. It also proposes corresponding countermeasures for the further development of OFDI in Jiangsu Province. The province will make reasonable use of government policies, talent introduction and financial mechanisms to optimize its industrial layout and enhance its economic strength.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"123 27","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140985439","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":"Fiscal Dominance and the Effectiveness of Monetary Authority in Nigeria 1980-2020","authors":"M. Orisadare, Owolabi Williams Adeyemi","doi":"10.9734/ajeba/2024/v24i61353","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61353","url":null,"abstract":"The study examined the existence as well as the degree of fiscal dominance in Nigeria. Annual time series secondary data for the period 1980-2020 were employed in the study. Specifically, data on fiscal deficit, public debt, government expenditure, money supply, interest rate, and real Gross Domestic Product (GDP) for the study period were obtained from the Central Bank of Nigeria (CBN, 2020), and the World Development Indicators (WDIs, 2020). The study used descriptive statistics in form of tables, and the Dynamic Ordinary Least Squares (DOLS) for long run analysis.\u0000It was established in the study that government expenditure and outstanding debt have significant positive relationship with money supply. Specifically, N1 billion increase in public debt is expected to increase money supply by N1.2 billion (t = 8.25, p < 0.01). Similarly, N1billion increase in government spending will cause money supply to increase by N1.36 billion (t = 4.29, p < 0.01). Conversely, interest rate exhibited negative effect on money supply, such that one percent increase in interest rate will bring money supply down by 150 percent (t = -2.0113, p < 0.05). With a measure of fiscal dominance with the δ of 0.28, the study concluded that there is no case of fiscal dominance in Nigeria. The study recommends that with the active counterbalancing roles of monetary policy Nigeria, the government can aggressively pursue and sustain economic growth through fiscal expansion-backed borrowings and spending.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":" 715","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140989365","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":"Unlocking Organizational Commitment through Individual Traits and Job Satisfaction: A Millennial and Gen Z Perspective in West Borneo","authors":".. Yulianto, Yusron Toto, Udin Saryono, Silpanus Dian Sapala","doi":"10.9734/ajeba/2024/v24i61351","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61351","url":null,"abstract":"Background and Purpose: This study aims to investigate the combined effects of individual characteristics, job redesign, and transformational leadership on various outcome variables, including job satisfaction, job stress and organizational commitment.\u0000Methodology: This research is a descriptive quantitative research with a sample size of 110 millennial and generation Z workers. Data testing was carried out using the PLS-SEM method.\u0000Findings: The research results show that individual character variables have a significant effect on job satisfaction, job stress, and organizational commitment. Transformational leadership style is proven to have a significant effect on job satisfaction, job redesign, and organizational commitment, but does not have a significant effect on individual character. Job redesign was found to have a significant effect on job satisfaction, individual character, and job stress. Job satisfaction has a significant effect on organizational commitment, but does not have a significant effect on job stress. For the mediation effect, individual character is able to mediate the relationship between job redesign and job satisfaction and job stress, while job satisfaction is only able to mediate the relationship between transformational leadership style and organizational commitment.\u0000Contributions: Similar research conducted in developing countries and open in city centers is still very rare, even though the existing phenomena are interesting to study because there will be many differences that can be found both from individuals and even the environment, therefore this research facilitates this so that results can be obtained. this research.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":" 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140994402","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":"Restraining Cyberloafing Behavior in Private Hospital Employees: Analysis of Work Stress Factors and Locus of Control","authors":"F. Bagis, Akhmad Darmawan, M. Pratamasari, Jovinda Percillia Marifatul U","doi":"10.9734/ajeba/2024/v24i61352","DOIUrl":"https://doi.org/10.9734/ajeba/2024/v24i61352","url":null,"abstract":"This study aimed to examine the impact of locus of control, work stress, and excessive cyberloafing on employee performance. The population of this study were private employees at hospitals in Banyumas district. This study used quantitative methods and used a sample of 182 employees (respondents) selected by the saturated sampling method. The data collection tool used was a questionnaire with a 5-point Likert scale and the type of data collected was primary data. The data obtained were analyzed using PLS (Partial Least Square). The results showed that locus of control and work stress had a positive and significant effect on the performance of Banyumas District Health Office employees. Meanwhile, cyberloafing has a negative and insignificant effect on the performance of Banyumas District Health Office employees. The result partaining to Cyberloafing revealed that internet access did not necessarily impact employees. This was due to leaders who were able to provide good instructions and supervision on how employees use the Internet while working. The adjusted R2 coefficient of determination test results showed a value of 41.9%, which means that the variables locus of control, work stress, and excessive cyberloafing can affect employee performance by 41.9%, while 58.1% are influenced by other factors.","PeriodicalId":486390,"journal":{"name":"Asian journal of economics, business and accounting","volume":"99 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140994800","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}