Journal of International Economics and Management最新文献

An empirical analysis of foreign direct investment, ready-made garment exports, and employment in Bangladesh 对孟加拉国外国直接投资、成衣出口和就业的实证分析

Journal of International Economics and Management Pub Date : 2024-03-21 DOI: 10.38203/jiem.024.1.0078

Mohammad Mohidul Islam

{"title":"An empirical analysis of foreign direct investment, ready-made garment exports, and employment in Bangladesh","authors":"Mohammad Mohidul Islam","doi":"10.38203/jiem.024.1.0078","DOIUrl":"https://doi.org/10.38203/jiem.024.1.0078","url":null,"abstract":"This study investigates the relationship between ready-made garment (RMG) exports and foreign direct investment (FDI) inflows, including the relationship between employment and RMG exports in Bangladesh. Using annual time series data from 1991 to 2020, an empirical analysis was performed employing the Johansen cointegration approach and a vector error correction model to determine the long- and short-run relationships between RMG exports and FDI inflows. The results indicate that FDI inflows and RMG exports have a negative relationship in the long run. In the short run, the dynamic adjustment of the equilibrium relationship is justified only for RMG exports. Furthermore, the econometric relationship between RMG employment and exports is examined using an autoregressive distributed lag-bounds test approach. The estimated model reveals a significant statistical relationship between RMG employment and exports in the long run. In the short term, the convergence process is found to be statistically consistent. Additionally, the findings suggest that the government should initiate proper steps in infrastructure development to attract higher FDI inflows and accelerate RMG exports for faster economic growth. Moreover, comprehensive measures are required to produce a skilled workforce or create alternative employment sources to address the huge unemployment problem if full automation occurs in manufacturing industries. ","PeriodicalId":514536,"journal":{"name":"Journal of International Economics and Management","volume":" 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140387908","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}

引用次数: 0

Effects of logistics performance on Vietnam’s exports: a quantitative analysis using the PPML method 物流绩效对越南出口的影响：使用 PPML 方法的定量分析

Journal of International Economics and Management Pub Date : 2024-03-21 DOI: 10.38203/jiem.024.1.0077

Trong Hieu Doan, Le Huy Vu

{"title":"Effects of logistics performance on Vietnam’s exports: a quantitative analysis using the PPML method","authors":"Trong Hieu Doan, Le Huy Vu","doi":"10.38203/jiem.024.1.0077","DOIUrl":"https://doi.org/10.38203/jiem.024.1.0077","url":null,"abstract":"This study aims to analyze the effects of logistics performance on Vietnam’s exports at both the overall level and in specific aspects. We investigate the linkage between logistics performance and Vietnam’s exports based on a panel of bilateral trade from Vietnam to 158 trading partners from 2007 to 2018. Using the Poisson pseudo-maximum likelihood method, the positive and significant effects of Vietnam’s and importing countries’ logistics performance on exports are identified. Our estimates become highly consistent after controlling for both time-specific effects and time-invariant country-fixed effects and remain robust to changes in the model specification, contributing reliable empirical evidence to the literature. Considering the specific aspects of logistics performance, we find the significant roles of the ability to track and trace consignments, the quality of logistics services, the customs clearance efficiency, and the timeliness of shipments in trade. From Vietnam’s perspective, improvements in tracking and tracing ability and timeliness can enhance exports to other countries, with larger effects than those of trading partners. Based on these findings, this study provides evidence for policymakers to effectively enhance trade with other countries by developing the national logistics system alongside further logistics cooperation with trading partners and with a greater focus on tracking and tracing ability and timeliness.","PeriodicalId":514536,"journal":{"name":"Journal of International Economics and Management","volume":" 21","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140388174","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}

引用次数: 0

Access to credit for real estate transactions in emerging markets - Empirical evidence from Vietnam 新兴市场房地产交易中的信贷获取--来自越南的经验证据

Journal of International Economics and Management Pub Date : 2024-03-21 DOI: 10.38203/jiem.024.1.0081

The Anh Khuc, Manh Cuong Nguyen, Ha Anh Nguyen, Hoang Anh Vu, Quoc Tien Nguyen

{"title":"Access to credit for real estate transactions in emerging markets - Empirical evidence from Vietnam","authors":"The Anh Khuc, Manh Cuong Nguyen, Ha Anh Nguyen, Hoang Anh Vu, Quoc Tien Nguyen","doi":"10.38203/jiem.024.1.0081","DOIUrl":"https://doi.org/10.38203/jiem.024.1.0081","url":null,"abstract":"The growing disparity between the wealthy and the poor has become more evident than ever, as reflected in residents’ housing conditions. Meanwhile, real estate credit is mainly directed towards the high-end segment, but mortgage cash flow for social and commercial housing in the low-mid range segment is still insufficient. Consequently, there is an asymmetry between the requirements for meeting housing needs and household income. This study investigates the impact of attitudes, credit accessibility, and policies on individuals’ borrowing intentions in real estate transactions. Structural equation modeling was employed to analyze the data obtained from 889 Vietnamese respondents. The results show that policies and attitudes directly impact people’s intentions to access credit. Meanwhile, credit accessibility indirectly affects this intention. These findings can serve as the basis for financial institutions to devise secure, accessible, and efficient loan policies for individuals with legitimate needs. Specifically, lending institutions should improve the quality of their services and increase their assistance to borrowers. The government should enact a stronger legal framework to address public housing demand and efficiently regulate the real estate market.","PeriodicalId":514536,"journal":{"name":"Journal of International Economics and Management","volume":" 37","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140387891","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}

引用次数: 0

Financial leverage, state ownership, and firm value: the case of non-financial firms listed in Vietnam 金融杠杆、国有所有权与公司价值：越南上市非金融公司案例

Journal of International Economics and Management Pub Date : 2024-03-21 DOI: 10.38203/jiem.024.1.0082

Hoang Vinh Le, Hai Yen Nguyen, Anh Thanh Bui

{"title":"Financial leverage, state ownership, and firm value: the case of non-financial firms listed in Vietnam","authors":"Hoang Vinh Le, Hai Yen Nguyen, Anh Thanh Bui","doi":"10.38203/jiem.024.1.0082","DOIUrl":"https://doi.org/10.38203/jiem.024.1.0082","url":null,"abstract":"Numerous empirical studies have confirmed the impact of financial leverage on firm value. Nevertheless, these conclusions are inconsistent due to the influence of other factors. In the context of a transition economy such as Vietnam, the state can own a certain percentage of equity capital in companies after equitization. Accordingly, this study aims to evaluate the moderating role of state ownership on the impact of financial leverage on the value of non-financial firms listed in Vietnam. The generalized method of moments was employed to analyze a sample of 481 companies from 2015 to 2021. The findings show that financial leverage has a positive effect on firm value, but this relationship is negatively moderated by state ownership. In addition, financial leverage decreases the firm value of state-owned companies. The paper suggests that the government should focus on assessing financial performance rather than political intervention in using companies’ financial leverage. The results also have implications for accelerating the equitization and divestment of state capital in Vietnamese listed non-financial firms.","PeriodicalId":514536,"journal":{"name":"Journal of International Economics and Management","volume":" 33","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140387921","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}

引用次数: 0

Impacts of firm performance on chief executive officers’ overconfidence 公司业绩对首席执行官过度自信的影响

Journal of International Economics and Management Pub Date : 2024-03-21 DOI: 10.38203/jiem.024.1.0079

Huong Trang Kim, Thi Quynh Thu Nong, Quang Nguyen, Thi Khanh Chi Nguyen, Huong Giang Pham, Manh Tuan Kim

{"title":"Impacts of firm performance on chief executive officers’ overconfidence","authors":"Huong Trang Kim, Thi Quynh Thu Nong, Quang Nguyen, Thi Khanh Chi Nguyen, Huong Giang Pham, Manh Tuan Kim","doi":"10.38203/jiem.024.1.0079","DOIUrl":"https://doi.org/10.38203/jiem.024.1.0079","url":null,"abstract":"This research investigates the intricate relationship between firm performance and chief executive officer (CEO) overconfidence, drawing on data obtained from a comprehensive analysis of 733 publicly listed U.S. companies from 2015 to 2021. The study employs stock-option data, as inspired by the seminal work of Malmendier and Tate (2005), a robust metric to gauge CEO overconfidence. The empirical findings contribute significantly by establishing a positive correlation between firm performance and the manifestation of CEO overconfidence. This discerned pattern suggests that as firm performance improves, there is an accompanying increase in the likelihood of CEOs exhibiting overconfident behaviors in their decision-making processes. This insight significantly enriches our understanding of the complex interplay between organizational success and the psychological attributes of corporate leadership. Furthermore, the study unveils variations among different firm types, revealing that non-financial firms, particularly those exhibiting strong performance, are more prone to having overconfident CEOs compared to their counterparts in the financial sector. In addition to these insights, the research explores the impact of the COVID-19 pandemic on this dynamic relationship, underscoring an intensified influence of firm performance on CEO overconfidence during this period. This investigation unveils the nuanced dynamics introduced by external disruptions, shedding light on how executive decision-making adapts to unprecedented challenges posed by global events.","PeriodicalId":514536,"journal":{"name":"Journal of International Economics and Management","volume":" 16","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140387979","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}

引用次数: 0