JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES最新文献

{"title":"The Impact of Institutional Quality on External Debt Management in Nigeria","authors":"P. (PhD)","doi":"10.47191/jefms/v7-i8-13","DOIUrl":"https://doi.org/10.47191/jefms/v7-i8-13","url":null,"abstract":"This study investigates the impact of institutional quality on external debt management in Nigeria, focusing on the period from 1980 to 2022. It employed data from the World Development Indicator and the CBN Statistical Bulletin, the research employed descriptive statistics, trend analysis, and advanced econometric techniques, including the Augmented Diceey-Fuller (ADF) unit root test and the Auto Regressive Distributed Lag (ARDL) model, to explore the relationships among eey variables. The dependent variable, Debt to Gross Domestic Product (GDP) ratio (DGDP), is analyzed against several independent variables: government transparency index (GTI), government effectiveness index (GEI), corruption perception index (CPI), regulatory quality index (RQI), inflation rate (INF), and the logarithm of government expenditure (LINGEXP). The findings reveal that higher government transparency and reduced corruption are associated with lower debt-to-GDP ratios, while government effectiveness and regulatory quality are positively correlated with higher debt levels. Inflation and government expenditure also significantly impact debt dynamics, underscoring the need for effective inflation control and prudent fiscal management. The ARDL bounds test confirms a long-term relationship between institutional quality and external debt management, highlighting the importance of stable and transparent institutions for sustainable debt practices. The study concludes that enhancing institutional quality through improved transparency, accountability, and regulatory framewores, along with effective inflation control and fiscal management, is crucial for Nigeria's economic stability and sustainable debt management.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141921882","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":"Implementing Islamic Banking Services in Uzbekistan","authors":"Absamatov Askar Ergashovich","doi":"10.47191/jefms/v7-i8-12","DOIUrl":"https://doi.org/10.47191/jefms/v7-i8-12","url":null,"abstract":"The paper focuses on the implementation of Islamic financial products in Uzbekistan. The study explores Islamic finance's fundamental ideas and concepts and evaluates the global experience in its advancement. The study examines the potential and challenges associated with implementing Islamic finance in Uzbekistan and analyses the current range of Islamic financial goods and services available in the nation. The book employs techniques of comparative analysis, statistical analysis, and case study analysis. The study's findings enable us to conclude the potential of Islamic financing in fostering the economic development of Uzbekistan and provide recommendations for its efficient implementation.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141924851","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 Business Growth Challenges and Prospects of Small and Medium Enterprises (SMEs): A Case Study of Garden Township Metal Fabricators, Lusaka","authors":"Clarence Mwami, C. Hapompwe","doi":"10.47191/jefms/v7-i8-14","DOIUrl":"https://doi.org/10.47191/jefms/v7-i8-14","url":null,"abstract":"The study was aimed at examining the business growth challenges and prospects of small and medium enterprises (SMEs) with a particular focus on metal fabricators in Garden Township, Lusaka, Zambia. In doing so, specific focus on how these businesses align with Dynamic Capabilities, and Innovation and Entrepreneurship Theories was highlighted. The research employed a qualitative approach, combining primary and secondary data collection. Primary data was gathered through in-depth interviews with 15 participants and five focus group discussions, each comprising two business owners and three welders. Secondary data was obtained from existing literature, industry reports, and academic studies. The primary objectives were to identify the major challenges hindering business growth among metal fabricators, to explore potential strategies for overcoming these challenges, and to assess awareness and accessibility of government support initiatives. Key findings revealed that financial constraints, lack of strategic knowledge, outdated technology, unreliable infrastructure, and insufficient government support are the main barriers to growth. Participants unanimously called for government intervention, emphasizing the need for easier access to loans, financial management training, modern equipment, and strategic planning workshops. The study highlighted that while government initiatives like the Citizen Economic Empowerment Commission (CEEC) and Constituency Development Fund (CDF) are recognized, practical barriers prevent SMEs from accessing these resources. This gap underscores the necessity for more effective implementation and outreach to ensure SMEs can benefit from available support. Recommendations include simplifying access to financial resources, providing strategic business education, implementing targeted support programs for the metal fabrication industry, and improving infrastructure. Future research should focus on evaluating the impact of training programs, streamlined loan processes, technology adoption, and government policy effectiveness on SME growth. Addressing these challenges through a holistic approach can enhance the dynamic capabilities and innovation strategies of metal fabricators, fostering sustainable business growth and competitiveness.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141923156","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 Relationship between Growth and Quota Restrictions Concerning the Textile and Clothing Industry: A Study on RMG Sector of Bangladesh","authors":"Dr. Kaniz Fatema, Dr. Mohammad Moniruzzaman, Dr. A. K. M. Golam Rabbani Mondal, Dr. Md. Amzad Hossain","doi":"10.47191/jefms/v7-i8-06","DOIUrl":"https://doi.org/10.47191/jefms/v7-i8-06","url":null,"abstract":"The textile and clothing industry plays a significant role in the economy of Bangladesh. At present, the export performance of the readymade garment sector is more than 80% of total exports and hence made about 12% of GDP in Bangladesh. Thus, the development of our country largely depends on this sector, and it is considered as the backbone of our country. As the quota system under the Multi-Fiber Agreement phase had a great impact on the development process of the readymade garment sector in Bangladesh, the aim of this study is to find out the relationship between quota restriction and the growth of the readymade garment sector. For this purpose, the research has covered a period of twenty-four years as sample size, where 12 years has been considered as pre-MFA periods and 12 years as post-MFA period. Though this study is quantitative in nature, Descriptive statistics and Multiple Regression Analysis Techniques have been used to find out the relationship between quota restriction and the growth performance of Bangladesh's textile and clothing industry throughout this study period. At this point, the Multiple Regression Analysis Technique has been used for testing the dependency of Bangladesh RMG export amount on the Annual GDP, Exchange Rate, Employment in Million Workers and No. of garment factories throughout these periods. This regression analysis technique was tested with SPSS software and results showed the most significant factors affecting the export of Bangladesh RMG sector during the Pre and Post MFA periods. The evidence also showed no statistically significant relationship between the quota restriction and the growth of the Readymade Garments sector in Bangladesh. Therefore, by considering the significance of this sector in our economy and for the long run sustainability in this competitive world the textile and clothing industry in Bangladesh must meet the challenges appearing throughout this period.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141927267","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":"Analysis of the Implementation of Tourism Events on Regional Income of Bangka District","authors":"Dina Setya Ningsih, Muhammad Faisal Akbar, Ayu Wulandari","doi":"10.47191/jefms/v7-i8-09","DOIUrl":"https://doi.org/10.47191/jefms/v7-i8-09","url":null,"abstract":"The purpose of this study was to determine the effect of bangka expo events and sport tourism events on local revenue as seen from hotel taxes, restaurant taxes, and entertainment taxes. The data used are Realization of Local Revenue, event data and data on the contribution of tourism revenue to Local Revenue. This research is a qualitative research using methods namely data reduction, data presentation, and conclusion drawing. The results of the study indicate that the development of the number of tourist visits to Bangka Regency both before and after the implementation of the event shows a significant increase every year. Bangka Expo 2022 event activities have an influence on Bangka Regency's Original Revenue with a tourism sector contribution of 0.26 percent. Meanwhile, the contribution of the tourism sector to local revenue from the 2023 Bangka Expo event activity is 0.34 percent. From sports tourism events, the implementation of the Duathlon event has an influence on Bangka Regency's Original Revenue, which is 0.37 percent. While from the Triathlon event, the tourism sector succeeded in contributing contributions from hotel taxes, restaurant taxes, and entertainment taxes to Regional Original Revenue, which amounted to 0.35 percent.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141927906","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":"Human Development and Poverty in Indonesia","authors":"Dewa Putu Yudi Pardita, I. K. Darma, I. K. Putra, Anak Agung Sri Purnami","doi":"10.47191/jefms/v7-i8-08","DOIUrl":"https://doi.org/10.47191/jefms/v7-i8-08","url":null,"abstract":"This study examines the relationship between Indonesia's Human Development Index (HDI) and poverty levels. Despite significant economic growth, poverty remains a serious issue in Indonesia. The main objective of this research is to understand how improvements in HDI, which includes dimensions of health, education, and standard of living, can influence the reduction of poverty levels. The study uses a quantitative approach with secondary data from the Central Statistics Agency of the Republic of Indonesia, covering the period from 2013 to 2022. Analysis was conducted using simple linear regression with the assistance of SPSS 26 software. The results of the study indicate that HDI has a significant impact on reducing poverty levels. This research emphasizes that increasing HDI through improved access to education, healthcare services, and a decent standard of living can significantly reduce poverty in Indonesia. These findings support existing literature and provide important implications for human development policies and poverty alleviation strategies. The study also suggests the need for further exploration with a more comprehensive approach to deepen the understanding of the relationship between HDI and poverty.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141929392","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":"Unveiling the Nexus between Capital Structure Dynamics and Stock Performance: A Panel Data Approach of Listed Firms in Vietnam","authors":"Thai Toan, DO","doi":"10.47191/jefms/v7-i8-11","DOIUrl":"https://doi.org/10.47191/jefms/v7-i8-11","url":null,"abstract":"This study investigates the dynamic relationship between capital structure and stock performance in Vietnamese firms, addressing a critical gap in emerging market finance literature. Utilizing a comprehensive dataset of 122 listed firms on the Ho Chi Minh and Hanoi Stock Exchanges from 2010 to 2022, we employ a dynamic panel approach with System GMM estimation to control for endogeneity and unobserved heterogeneity. Our findings reveal a non-linear, U-shaped relationship between leverage and stock returns, suggesting an optimal capital structure that maximizes performance. We also find that ownership structure significantly impacts stock returns, with state ownership negatively associated and foreign ownership positively linked to performance. Furthermore, the quality of the institutional environment plays a crucial role in shaping this relationship. This research contributes to both academic literature and practical applications by extending the understanding of capital structure dynamics in emerging markets, particularly in the context of Vietnam's transitioning economy. It offers valuable insights for corporate financial management, emphasizing the importance of calibrating debt levels and ownership structures to optimize performance. The study's originality lies in its comprehensive examination of capital structure dynamics, ownership structure, and institutional quality in the context of an emerging Asian market, providing a nuanced understanding of these complex interrelationships.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141928262","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 Profitability and Ownership Structure on Firm Value with the Mediation of Capital Structure in Banking Companies in Indonesia","authors":"Khusnul Chotimah, Prihat Assih, R. Safriliana","doi":"10.47191/jefms/v7-i7-67","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-67","url":null,"abstract":"This study aims to analyze the effect of profitability on the capital structure of banking companies, analyze the effect of ownership structure on the capital structure of banking companies, analyze the effect of profitability on the value of banking companies, analyze the effect of ownership structure on the value of banking companies, analyze the effect of profitability on firm value through the capital structure of banking companies, analyze the effect of ownership structure on firm value through the capital structure of banking companies. The population in this study are banking companies that have been listed on the Indonesia Stock Exchange in the period 2021 to 2023. The sampling technique used in this study is purposive sampling technique. Based on these criteria, a sample size of 11 banks was obtained, so that the number of observations was 11 x 3 years = 33 observations. The data analysis technique uses path analysis. The analysis shows that profitability affects the capital structure. Ownership structure has no effect on capital structure. Profitability has a significant influence on firm value. Institutional ownership structure has a significant influence on the value of banking companies. Capital structure has no effect on banking value, which means that the high and low capital structure has no impact on firm value. Capital structure fails to mediate the effect of profitability on banking value. Capital structure fails to mediate the effect of institutional ownership structure on banking firm value.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141797903","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":"Efforts to Improve Hospital Employee Performance through Human Resource and Competency Development","authors":"Uun Dwi Untari, Nurul Qomariah, Ni Nyoman Putu Martini","doi":"10.47191/jefms/v7-i7-54","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-54","url":null,"abstract":"A government organization must be able to optimize existing human resources. The performance achievements of employees influence the good, bad, success and performance of the organization as a whole. The first aim of this research is to determine the impact of human resource development on the performance of hospital employees. The second objective is to determine the impact of employee competency on hospital employee performance. This research used a population of all government hospital administration employees in Jember Regency, totaling 123 employees. Saturated samples were applied in sampling so that the total sample was 123 respondents. This research requires primary data so it requires a questionnaire to obtain the data to be processed. So that the questionnaire created can be used, its level of validity and reliability needs to be tested. Because this research aims to determine the impact of the independent variable on the dependent variable, it is necessary to test the research hypothesis. The results of data processing show that human resource development can actually improve the performance of hospital employees in Jember Regency. It turns out that the competency variable also has a positive impact on employee performance at government hospitals in Jember Regency.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141798258","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 Competence and Leadership Style on the Performance of Village Officials in Rambang District, Muara Enim Regency with Motivation as a Mediating Variable","authors":"Achmad Reza Aditya Amin, Mohammad Adam, Zunaidah Zunaidah, I. Andriana, Wita Farla WK","doi":"10.47191/jefms/v7-i7-52","DOIUrl":"https://doi.org/10.47191/jefms/v7-i7-52","url":null,"abstract":"This study aims to analyze and apply the influence of competence and leadership style on the kinera of village officials in Rambang District, Muara Enim Regency with motivation as a mediating variable. The population in this study were all village apparatus organizations in Rambang District Muara Enim Regency as many as 13 villages, each of which had 13 village apparatus, so that the sample obtained was 104 village apparatus. The analysis technique used is regression using the partial least square path modeling (PLS-SEM) method. The results showed that competence affects the performance of village officials, while leadership style has no effect on the performance of village officials. Competence and leadership style affect the motivation of village officials. Motivation is not able to mediate between the influence of competence on the performance of village officials, but motivation is able to mediate between the influence of leadership style on the performance of village officials.","PeriodicalId":509310,"journal":{"name":"JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141798261","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}