Saudi Journal of Economics and Finance最新文献

{"title":"A Gravity Model Approach for Determining Foreign Direct Investment Flows between India and the Gulf Cooperation Council (GCC) Countries","authors":"Haris Noor, Sana Noor","doi":"10.36348/sjef.2024.v08i07.001","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i07.001","url":null,"abstract":"The paper analysis the flows of Foreign Direct Investment and common factors that drive the Foreign Direct Investment flows between India and Gulf Cooperation Council countries, in this paper for empirical analysis of flow of FDI, gravity model of international trade executed, data is collected from the secondary sources from the year 2001 to 2022. The main objective of the paper is to know that how FDI is effect by the GDP of two regions like India and GCC countries and other determinants of FDI in this paper, finding of the paper describes factors like GDP of India and GCC countries and employment, real effective exchange rate of India as a regressor in the model are very deterministic for explaining the flow of FDI between India & GCC countries, and in future it will benefits the countries for their development and growth.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683319","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 Different Exchange Rate Policies on Stock Market Performance: Kuwait vs Saudi Arabia","authors":"Soud Almutairi, Noor Azlinna Azizan, S. Abidin","doi":"10.36348/sjef.2024.v08i03.002","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i03.002","url":null,"abstract":"This paper examines the intricate relationship between exchange rate policies and stock market performance, focusing on Kuwait and Saudi Arabia in the Gulf region. It investigates the historical evolution of exchange rate regimes in both countries, analyzing their unique policy objectives. Using empirical analysis, the research explores the correlation between exchange rates and stock market indices, employing statistical methods and regression analysis to identify patterns. Comparative assessments reveal distinct patterns in stock market performance, shedding light on the effectiveness of different exchange rate systems in shaping economic dynamics. The findings contribute to the literature by offering insights into the nuanced relationship between exchange rate policies and stock markets, with implications for policymakers, investors, and financial analysts. By focusing on Kuwait and Saudi Arabia, two pivotal economies, the study addresses a gap in the literature, providing a comparative perspective. Policymakers can use the findings to understand the potential impact of exchange rate policies on economic indicators. Investors can leverage the conclusions to inform their decision-making, considering the nuances of exchange rate dynamics. The study finds that both countries peg their currencies to major world currencies, primarily the USD, and identifies a strong correlation between the Kuwait Stock Index and the Saudi Tasi Index.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140383429","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":"Exploration the Potential of Artificial Intelligence in Ayurveda Diagnostics through the Machine Learning Approach","authors":"Dr. Vikas Deepak Srivastava, Dr. Vijay Kumar, Khushbu Kausar","doi":"10.36348/sjef.2024.v08i03.001","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i03.001","url":null,"abstract":"Ayurveda, as a holistic system of medicine originating in ancient India, has gained recognition for its emphasis on balance and harmony within the body, mind, and spirit. This ancient healing practice has evolved over centuries and incorporates the concept of doshas – the biological energies that govern an individual's physical and mental well-being. Ayurveda focuses on bringing balance to the doshas through various treatments, including herbal medicines, lifestyle practices, and therapies. In recent years, Ayurveda has experienced significant growth and recognition in India, with the government promoting it as a mainstream healthcare system. Additionally, Ayurveda practices such as yoga and meditation have gained international acclaim. However, with the integration of modern technology, Ayurveda is poised to undergo further advancements. This research study explores the integration of artificial intelligence (AI) and machine learning techniques in Ayurvedic treatment, particularly in the Saharanpur and Dehradun regions. With personalized and holistic healthcare being the cornerstone of Ayurveda, the use of AI and machine learning algorithms can improve accuracy in diagnosis and treatment. Leveraging large datasets, these algorithms can identify patterns and correlations that may not be immediately evident to human practitioners. The majority of respondents in the study have been practicing Ayurveda treatment consultancy for 1-3 years (60%), while 40% had more than 3 years of experience. 70% of respondents believed that AI-driven diagnosis approaches are more effective than generalized approaches in Ayurveda. It was revealed that all respondents used AI tools primarily for Sparshana diagnosis, with no utilization reported for Darshana or Prashna. 80% of respondents believed that the integration of AI into Ayurveda has the potential to greatly improve various aspects of the practice. 50% of respondents were satisfied, and 40% were very satisfied with the current AI-driven diagnosis, while 10% expressed neutrality. These findings indicate a general acceptance and optimism towards AI in Ayurveda diagnosis, with recognition of its potential benefits and effectiveness. However, further research is needed to explore specific factors contributing to satisfaction and neutrality, as well as any concerns or areas for improvement.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140388217","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":"Access, Quality and Outcome under the Sarva Siksha Abhiyan (SSA) Subject to Primary Education in India","authors":"Syed Mohd. Shahzeb, Mohd Azam Khan","doi":"10.36348/sjef.2024.v08i02.005","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i02.005","url":null,"abstract":"The Sarva Siksha Abhiyan (SSA) is a significant flagship initiative for elementary education that paves the way for a skilled labour force as well as for rapid economic and social advancement. The importance of elementary education for both human development and economic prosperity has frequently been underlined by a variety of economists and policymakers. As a result, it is crucial to assess the current state of primary education in India in order to assess how well SSA is working there after reaching nearly universal enrolment rates. The current study examines the effectiveness of SSA in relation to two key factors: Access and Quality. Only those access and quality indicators that are pertinent to elementary education in public schools are included. Due to the lack of pertinent data for upper primary education, only issues pertaining to basic education are examined in the current study.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140426993","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 Red Queen Effect and how to evade the Red Queen Effect by using Generative AI: Preparing companies for Industry 5.0","authors":"Saurav Kumar","doi":"10.36348/sjef.2024.v08i02.004","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i02.004","url":null,"abstract":"The red queen effect is a metaphor used in the business world to describe the unsuccessful efforts of a company to get ahead of its competition. The red queen effect is the need to continually adapt and evolve to maintain relevance in an ever-changing environment. Companies must constantly innovate and find new ways to stay ahead of the competition to ensure their survival and success. Companies typically research or study the competition and then implement strategies to help boost their company sales and profits. This is an effective and practical method of outmaneuvering the competition. While this technique works in theory, companies might not achieve their goals because the competition engages in the same business practice. Despite a company's efforts to surpass the competition, the company does not move forward or grow. The aims of research paper are bifold firstly it attempts to identify the contributions of the RQE theory and secondly to enable corporates to evade the Red Queen Effect by using generative artificial intelligence to be prepared for Industry 5.0.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140434823","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 Income Smoothing and Dividend Policy on Tax Avoidance in Indonesia","authors":"Dede Erianto, Fardinal Fardinal","doi":"10.36348/sjef.2024.v08i02.003","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i02.003","url":null,"abstract":"This study aims to examine the effect of earnings smoothing and dividend policy on tax avoidance practices in manufacturing companies listed on the IDX for the 2016-2020 period. This study takes population and samples from financial reports and annual reports of manufacturing companies that contain financial transactions in companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The results of this study indicate that earnings smoothing has a significant effect on tax avoidance in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. Then, dividend policy has a significant effect on tax avoidance found in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period. Furthermore, profit smoothing and dividend policy together have a significant effect on tax avoidance practices.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140453915","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":"An Evaluation of Monetary Policy in India: A SVAR Approach","authors":"Bushra Ateeq","doi":"10.36348/sjef.2024.v08i02.002","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i02.002","url":null,"abstract":"This paper sets an examination for the strength of the monetary policy transmission variables in India for the period 2000 to 2019 on the monthly basis. The variables incorporated in the model are Gross Domestic Product, Bank Rate, Wholesale Price Index and Exchange rate. The techniques of Structural Vector Autoregressive Model (SVAR) have been applied to perceive the clear picture of the contemporaneous relationship among the variables, thus providing with the relative importance and strength of each variable within the model. In the first place, all the variables were instituted to be statistically significant. At the same time, WPI and GDP are found to be more prominent, while exchange rate demanding a pivotal change in the working of the banking sector.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139791800","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":"An Evaluation of Monetary Policy in India: A SVAR Approach","authors":"Bushra Ateeq","doi":"10.36348/sjef.2024.v08i02.002","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i02.002","url":null,"abstract":"This paper sets an examination for the strength of the monetary policy transmission variables in India for the period 2000 to 2019 on the monthly basis. The variables incorporated in the model are Gross Domestic Product, Bank Rate, Wholesale Price Index and Exchange rate. The techniques of Structural Vector Autoregressive Model (SVAR) have been applied to perceive the clear picture of the contemporaneous relationship among the variables, thus providing with the relative importance and strength of each variable within the model. In the first place, all the variables were instituted to be statistically significant. At the same time, WPI and GDP are found to be more prominent, while exchange rate demanding a pivotal change in the working of the banking sector.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139851530","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 an Active Portfolio in the Exchange Traded Funds Era: Understanding Outperformance and Underperformance with the Jensen's Alpha Model","authors":"Nova Maharani Sanjaya, Agnes Tutut Kusumo, Gita Sugiyarti","doi":"10.36348/sjef.2024.v08i02.001","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i02.001","url":null,"abstract":"This research aims to analyze the role of active portfolios in the Exchange Traded era Funds (ETFs) and to understand the outperformance and underperformance phenomena that may occur in this context. In the era of ETFs, investors have easier access to a variety of investment portfolios that cover a variety of assets and investment strategies. Therefore, it is important to understand how active portfolios perform in this environment. The research method used in this research is the use of Jensen's model Alpha, which is used to measure portfolio performance by taking into account systematic risk factors. Stock price data, ETFs, and market indices will be analyzed to identify outperformance (above average performance) and underperformance (below average performance) of active portfolios. It is hoped that the results of this research will provide a deeper understanding of the extent to which active portfolios are able to outperform market indices in the era of ETFs. In addition, this research can help investors and fund managers make smarter and more effective investment decisions in an ever-evolving investment environment. It is hoped that this research will make an important contribution to the understanding of investment strategies in the era of ETFs, as well as provide valuable insight for investors and financial professionals interested in active portfolios.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139800149","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 an Active Portfolio in the Exchange Traded Funds Era: Understanding Outperformance and Underperformance with the Jensen's Alpha Model","authors":"Nova Maharani Sanjaya, Agnes Tutut Kusumo, Gita Sugiyarti","doi":"10.36348/sjef.2024.v08i02.001","DOIUrl":"https://doi.org/10.36348/sjef.2024.v08i02.001","url":null,"abstract":"This research aims to analyze the role of active portfolios in the Exchange Traded era Funds (ETFs) and to understand the outperformance and underperformance phenomena that may occur in this context. In the era of ETFs, investors have easier access to a variety of investment portfolios that cover a variety of assets and investment strategies. Therefore, it is important to understand how active portfolios perform in this environment. The research method used in this research is the use of Jensen's model Alpha, which is used to measure portfolio performance by taking into account systematic risk factors. Stock price data, ETFs, and market indices will be analyzed to identify outperformance (above average performance) and underperformance (below average performance) of active portfolios. It is hoped that the results of this research will provide a deeper understanding of the extent to which active portfolios are able to outperform market indices in the era of ETFs. In addition, this research can help investors and fund managers make smarter and more effective investment decisions in an ever-evolving investment environment. It is hoped that this research will make an important contribution to the understanding of investment strategies in the era of ETFs, as well as provide valuable insight for investors and financial professionals interested in active portfolios.","PeriodicalId":507344,"journal":{"name":"Saudi Journal of Economics and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139860028","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}