Saudi journal of economics and finance最新文献

{"title":"Money Laundering Hinders the Growth of the Economy of a Country","authors":"Faisal Reza, Mohammad Shafiqul Islam, Kaium Siddik Anando","doi":"10.36348/sjef.2024.v08i01.002","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i01.002","url":null,"abstract":"The worldwide prevalence of money laundering poses a serious risk to the security of monetary systems and economies everywhere. This study offers a theoretical explanation of money laundering and describes the steps that make up the process in detail. In addition, it delves into the digital approaches used in money laundering, illuminating the many processes that take place via internet-connected devices. To get a whole picture of the problem, it's crucial to know what money laundering is, why it happens, and how it hurts businesses and economies, as the author explains. Almost everywhere on Earth, money laundering is considered a serious crime, thus the most prosperous nations have put in place stringent safeguards to prevent it. The article looks at the ways in which money launderers get around these restrictions and use novel, unlawful strategies to clean their money before using it. Researchers observed that money launderers use strategies including \"layering,\" \"integration,\" and \"placement\" to avoid getting caught and prosecuted. Online platforms, digital currencies, and anonymous payment methods all provide new ways for money launderers to hide their transactions, making electronic money laundering a growing concern as well. This presentation offers a synopsis of the problem of money laundering and the damage it does to economies all around the world. This highlights the need of governments, financial institutions, and law enforcement organizations maintaining their efforts to tackle this threat. Money laundering is a serious problem that calls for increased attention and the creation of new methods to detect and stop it.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"91 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139628982","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":"Analyzing the Impact of Mobile Banking on Commercial Banks' Financial Performance: A Case of FNB Bank-Zambia","authors":"Mr. Kashale Chimanga, Sidney Kawimbe","doi":"10.36348/sjef.2024.v08i01.001","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i01.001","url":null,"abstract":"This study sought to analyze the analysis of the impact of mobile banking on commercial banks' financial performance. To this effect a descriptive research design was used on a sample of 101 respondents drawn from FNB Bank Zambia Lusaka Branch. The findings indicate that while there is a growing adoption of mobile banking, its full potential is yet to be realized. Commercial banks need to strategically integrate mobile banking services to optimize their financial performance, leveraging the opportunities presented by this technology. Based the conclusion, the study recommends that Commercial banks in Zambia should prioritize and invest in comprehensive financial literacy programs to educate the population about the advantages and functionalities of mobile banking and that Collaborative efforts with the Zambian government can amplify the impact of mobile banking. Banks should work closely with relevant government agencies to align their strategies with broader financial inclusion initiatives and leverage existing programs to reach underserved populations.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"73 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139629282","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 Indonesian Machinery Industry","authors":"Asep Yusup Hanapia, Ignatia Bintang Filia Dei Susilo, Dodi Tirtana, Uci Yusri Nurhidayah, Deza Ula Alisana","doi":"10.36348/sjef.2023.v07i10.006","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i10.006","url":null,"abstract":"The industrial revolution changed the processes and ways of producing an item and reflects the rapid progress in technology. Previously, the production process needed human labor, but then underwent changes, human labor no longer become a priority in production activities because it was replaced by machines and sophisticated equipment that can increase productivity and efficiency in production. Through industrialization, economic activities are increasingly open and free, this is certainly a threat to the state if the products produced cannot compete in the market. In this study, we will discuss the growth of the machinery industry in Indonesia, analyze whether the machinery industry in Indonesia can compete competitively in the world market, how government policies support the industry, and slightly discuss how the industry relates to the concept of green economics. The method used in this study uses descriptive qualitative methods from various reference sources, and quantitative methods using secondary data in analyzing the comparative Indonesian machinery commodities. This study finds that: (1) The growth of the machinery and equipment industry has fluctuated over the past 6 years; (2) Indonesian machine commodities have a comparative disadvantage and have low competitiveness in the global market; (3) Government policies are needed to support the industrial sector; (4) Through the process of industrial development, it is necessary to realize the bill for the implementation of an industry that is advanced, competitive, independent and green.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"1 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136228489","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":"Long-Term and Short-Term Impact of External Debt on Economic Growth in Laos: An ARDL Model Analysis","authors":"Keoudone Keothephar, Vilayvanh Srithilat, Khammai Bounphone","doi":"10.36348/sjef.2023.v07i11.003","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i11.003","url":null,"abstract":"This study investigates the impact of external debt on the economic growth of Laos, with a specific focus on the evolving structure of external debt in the country spanning 1995 to 2020. It employs an Autoregressive Distributed Lag (ARDL) model to establish long-term cointegration among key economic variables. The variables under scrutiny include human capital, labor force participation, external debt, inflation, and exchange rates, which are analyzed for their roles in shaping economic growth in Laos. In the long term, the study identifies robust and statistically significant relationships. Notably, human capital and the labor force emerge as influential drivers of economic growth, with coefficients of 2.0594 and 0.0591, respectively. Conversely, there is a substantial negative correlation between the external debt ratio per GDP and inflation rate with economic growth. This indicates that increases in these variables are associated with diminished economic expansion over time. In the short term, the study reveals that human capital and labor force participation positively impact Laos' economic growth. In contrast, the short-term effects of the external debt ratio, inflation rate, and exchange rate are adverse, indicating potential economic challenges that need to be addressed promptly. Based on findings, this study provides valuable insights into the determinants of economic growth in Laos, both in the long and short terms. These findings can inform policymakers and researchers in the development of more effective economic strategies, taking into account Laos' unique economic context.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"58 13","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135684201","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 Comprehensive Literature Analysis on the Modern Perspective of Management Accounting, Focusing on its Origins and Evolutionary Trajectory","authors":"Salma Shaheen Shaik","doi":"10.36348/sjef.2023.v07i11.004","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i11.004","url":null,"abstract":"This paper conducts a comprehensive analysis of the literature to provide a thorough understanding of the origins and development of management accounting, which has experienced increased popularity, particularly in the past twenty years. This paper undertakes a critical examination of the extensive criticism around the perceived decline in the relevance of management accounting in effectively improving performance within the context of a contemporary, dynamic company environment. This paper aims to enhance understanding of the simultaneous utilization of both classic and contemporary management accounting procedures. The study conducted a comprehensive analysis of the prevailing degree of interest in the adoption of management accounting methods in both developed and emerging nations. The examination of relevant literature has yielded a critical analysis that indicates the origins of management accounting may be traced back to the industrial revolution that occurred in the 1900s. The study also indicated that management accounting is subject to ongoing development as organizations encounter novel challenges requiring resolution. Furthermore, it was found that management accounting approaches employed in the early 1900s remain relevant and useful in contemporary contexts. The school of thinking that argues for the diminished significance of management accounting has been refuted on the basis that classic management accounting practices employed in the 1900s continue to hold relevance in contemporary times. The study proposes the use of management accounting practices as they enhance the organization's competitive advantage and generate value.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"15 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135679870","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":"Theoretical Foundations and Implications of Neural Ordinary Differential Equations (Nodes) For Real-Time Portfolio Optimization","authors":"Abdulgaffar Muhammad, John Nma Aliyu, Adedokun Lateef Adetunji, Anthony Kolade Adesugba, Micah Ezekiel Elton Mike, Mohammed Abdulmalik","doi":"10.36348/sjef.2023.v07i11.001","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i11.001","url":null,"abstract":"This paper embarks on a comprehensive exploration of the theoretical landscape surrounding the integration of Neural Ordinary Differential Equations (NODEs) into the domain of real-time portfolio optimization. The study commences by establishing the background and motivation for this research, shedding light on the challenges encountered in real-time portfolio management and the potential transformative role NODEs can play in addressing these challenges. The theoretical framework unfolds in a structured manner, encompassing critical facets of portfolio optimization theory. It delves into classical portfolio optimization methodologies, including the mean- variance framework and continuous-time stochastic control techniques. This solid theoretical foundation provides the basis for understanding the nuances of optimizing portfolio weights, expected returns, and risk measures. The heart of the research lies in the integration of NODEs, an innovative fusion of deep learning and differential equations, into the fabric of portfolio optimization. NODEs, with their adaptability and ability to model continuous- time dynamics, emerge as a potent tool for real-time portfolio rebalancing and decision-making. The study provides an in-depth overview of NODEs, elucidating their architecture and their application in modeling financial time series data. This theoretical journey leads to the exploration of practical implications. The study highlights the potential benefits of incorporating NODEs into portfolio management, including improved risk management, enhanced returns, and the capacity for adaptive asset allocation strategies. However, it also addresses the limitations and challenges associated with this integration, such as data quality issues and computational requirements. In conclusion, this research presents a theoretical framework that bridges the gap between deep learning and continuous-time financial models, offering a promising avenue for real-time portfolio optimization. The insights derived from this study serve as a foundation for future research and practical applications in navigating the intricate landscape of financial markets.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"35 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135726682","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":"Fractal Geometry in High-Frequency Trading: Modeling Market Microstructure and Price Dynamics","authors":"Abdulgaffar Muhammad, John Nma Aliyu, Adedokun Lateef Adetunji, Anthony Kolade Adesugba, Micah Ezekiel Elton Mike, Mohammed Abdulmalik","doi":"10.36348/sjef.2023.v07i11.002","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i11.002","url":null,"abstract":"This theoretical article delves into the intricate world of high-frequency trading (HFT) without empirical testing of real-world data, focusing on the incorporation of fractal geometry principles to enhance our understanding of market microstructure and price dynamics. In the introduction, we outline the significance of this research in the context of modern financial markets and lay out the objectives of our theoretical analysis. The article then takes an in-depth dive into fractal geometry fundamentals, illuminating its core concepts and its relevance within financial markets. Subsequently, the article explores the landscape of high-frequency trading, offering an overview of this dynamic domain and how fractal geometry can be incorporated into trading models. The section on modeling market microstructure presents theoretical approaches to understanding order flow dynamics, including novel derivations and equations. It then transitions into fractal-based approaches for analyzing the complexities of market microstructure, providing both an original perspective and numbered equations. Moreover, this article investigates the theoretical modeling of price dynamics, underscoring the pivotal role of fractal geometry in enriching these models. The discussion revolves around the fundamental autoregressive models and multifractal models, and it elucidates how fractal geometry principles, such as the Hurst exponent, come into play. We explore the self- similarity of price dynamics, fractal dimensions, and how these aspects can be integrated into high-frequency trading strategies. Overall, this article offers a comprehensive theoretical exploration of fractal geometry's implications in the realm of high-frequency trading, providing valuable insights for both researchers and practitioners seeking to fathom the complexities of market microstructure and price dynamics. The incorporation of fractal principles into financial models fosters a deeper understanding of self-similarity and complexity within financial markets, even in the absence of empirical data.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"35 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135726681","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":"Empowering Women through IT: The Role of the IT Sector in Bangladesh","authors":"Haque A, Haque W, Ahmed E, Islam Z, Islam K","doi":"10.36348/sjef.2023.v07i10.005","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i10.005","url":null,"abstract":"This observational-review article aims to provide a comprehensive understanding of the role of the Information Technology (IT) sector in empowering women in Bangladesh. The study synthesizes existing literature and secondary data to analyze the historical and current societal status of women in the country, with a specific focus on the IT sector. It explores how the IT sector has contributed to elevating women's social and economic status and identifies the challenges and barriers that women face in this domain. The article also offers policy recommendations at both the national and individual levels to further enhance the role of IT in women's empowerment. These recommendations include policy-level interventions, skill development programs, and awareness campaigns, among others. By addressing these key points, this study aims to contribute to the growing body of literature on women's empowerment in Bangladesh and offer actionable insights for policymakers, industry leaders, and individuals. The study acknowledges its limitations, primarily its reliance on existing literature, which may not capture the most current","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"36 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135514239","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":"Digital Transformation of Organizations and Their Organizational Cultures: A Case Study in a National Defense Industry","authors":"Kapotas Spyridon","doi":"10.36348/sjef.2023.v07i10.004","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i10.004","url":null,"abstract":"Digital transformation has become vital for organizations in order for them to differentiate from competitors providing a competitive advantage in the fast-changing environment they operate. Digital transformation is considered as a radical transformation affecting organization’s products, services, people and processes while improving performance. It is a risky and tremendous challenge for most organizations. Based on a dissertation with the current paper an approach on digital transformation, in a national defense company is attempted. Products and services provided are characterized through high quality standards and a strong culture. Those characteristics are considered a fruitable ground for providing a framework to transform an organization into a digital one. Taking into consideration the above, literature research on digital transformation of organizations and their benefits are provided. The digitalization process is analyzed in order to show the building blocks of transforming the organization into a digital one. However, in order to start such a process, the organization has to have an adaptive high performance organization culture. This is considered as the base to start the digitalization process. In order for the organization to have such a culture, current situation has to be assessed and certain actions to be taken. An assessment of above-mentioned company is presented and actions proposed. It is obvious that organizational digital transformation is inextricably linked with an organizational culture change. The benefits and barriers from such a transformation are shown and finally proposals presented regarding a digital strategy implementation as well as a vision and mission statement for the company.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135821020","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 Foreign Direct Investment and Infrastructure on Economic Growth in Laos","authors":"Khammai Bounphone, Keoudone Keothephar, Vilayvanh Srithilat, Somwang Kidoikhammuan","doi":"10.36348/sjef.2023.v07i10.003","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i10.003","url":null,"abstract":"The main of this study examines the long-run relationship between foreign direct investment and infrastructure on economic growth in Lao PDR using time series data from 1995-2020. The empirical evidence of cointegration among the variables in the long run by Autoregressive Distributed Lag (ARDL) bounds test estimates. The empirical results indicate that the FDI variable has a positive and significant impact on the level of Laos’ economic growth in the long run. Similarly, infrastructure variables such as telecommunication, electricity, and air transport play important roles in supporting economic growth in the long run and there are positive and statistically significant impacts at the level. As a result, to achieve the target of sustainable economic growth the government of Laos should attract and sustain more foreign direct investment and improve the infrastructure such as telecommunication, electricity, and air transport to boost economic growth shortly.","PeriodicalId":487048,"journal":{"name":"Saudi journal of economics and finance","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136038082","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}