{"title":"The determinants of school performance in selected MENA countries: what role of the education system’s characteristics?","authors":"Mounia Bettah, Abdelilah Abbaia","doi":"10.23882/rmd.24178","DOIUrl":"https://doi.org/10.23882/rmd.24178","url":null,"abstract":"Based on data from the 2011 TIMSS international survey related to the 2nd year of secondary school of eleven MENA countries, this work aims to identify the characteristics of the educational system that influence the students' academic performance in mathematics in these countries, while highlighting the case of Morocco. The estimation of an empty three-level model, to explain the probability of achieving a score of 400 points or more in mathematics, showed that a significant and non-negligible part (8.04%) of the total variance is due to the differences between the characteristics of the countries. The results of this study showed that, particularly in Morocco, students' academic performance could be improved by providing autonomy to schools to choose the syllabus, by making preschool a obligatory educational cycle and by increasing the volume of time reserved for teaching mathematics.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"33 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139536860","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":"Morocco's Entrepreneurial Landscape and Social Impact Funding Ecosystem During the COVID-19 Pandemic","authors":"Mohamed Bazi, Mabrouk Sanaa","doi":"10.23882/rmd.24183","DOIUrl":"https://doi.org/10.23882/rmd.24183","url":null,"abstract":"Many entrepreneurial and other collective initiatives create social impact in addition to economic gains. In this paper, we will discuss these initiatives with a focus on the financing ecosystem that is crucial to these organizations. We first discuss the social and solidarity economy before talking about entrepreneurship and social enterprises. We focus next on cooperatives, which are very important in our context for the impact they contribute to achieve. The topic of the social and solidarity economy (SSE) in Morocco garners extensive attention within economic, political, and academic circles. Given the unique Moroccan backdrop, regional advancements, demographic dynamics, and economic traits, it accentuates considerable social issues and amplifies the significance of SSE entities, especially concerning their target audience. The SSE landscape, comprising a diverse array of organizations, has continually adapted and expanded since the country gained independence to address the distinct features of its environment.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"25 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139536948","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":"Economic valuation of hydroelectric dams' safety: Evidence from France","authors":"Mohamed Jaouad Malzi, Naoufel Belhaj, Almahdi Koraich","doi":"10.23882/rmd.24184","DOIUrl":"https://doi.org/10.23882/rmd.24184","url":null,"abstract":"This paper aims to develop an economic approach that enables electricity generation companies to analyze and quantify the economic gains of complicated activities particularly the safety of hydroelectric dams. The method is based on calculating the costs avoided due to the implementation of safety mechanism. The specification of this method is founded on a solid literature regarding the economic assessment of the monetary value of complicated services. The results of this paper highlight the importance and the significant influence of safety activities in reducing costs, reaching approximately 26 million Euros. The results also shed light on the importance of the safety device to fight fatal accidents and ensure public security.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"41 27","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139536724","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":"Collaborative financing as a source of funding for entrepreneurship in Morocco","authors":"Issam Izza","doi":"10.23882/rmd.24179","DOIUrl":"https://doi.org/10.23882/rmd.24179","url":null,"abstract":"Small and medium-sized businesses face several challenges, the most important of which is the problem of access to traditional financing. It is in this context that crowdfunding appears to be a promising financing alternative. However, despite the potential of crowdfunding, there are still challenges and questions regarding its implementation and effectiveness in Morocco. It is therefore essential to carry out a thorough study. To answer our main problem: Could crowdfunding be an effective financing lever for entrepreneurship in Morocco? We used the descriptive method which is characterized by the description of the phenomenon studied in all its clarity.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"45 16","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139536662","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":"Les déterminants de structure de capital des compagnies marocaines d’assurances: Une estimation par la méthode des moments généralisés en système","authors":"Karim Lakhdar, Hanaâ Benchrifa, Najia Bensed","doi":"10.23882/rmd.24203","DOIUrl":"https://doi.org/10.23882/rmd.24203","url":null,"abstract":"This research seeks to answer the following question: what are the determinants of the capital structure of Moroccan insurance companies? To do so, we conducted an empirical study using original econometric techniques, notably the generalized moments estimator and statistical tests applied under the assumptions of homogeneity and stationarity of the variables used on a population composed of 17 Moroccan insurance companies, over the period 2011-2019. The results of our empirical model revealed that the rate of return has a significantly negative impact on the capital structure of Moroccan insurance companies. In contrast to profitability, the impact of tangibility is significantly positive. Based on the GMM results, the study showed an insignificant negative effect of growth on the capital structure of Moroccan insurers. As for size, liquidity and risk, these have a significantly positive impact on the leverage ratio, while the study found that the technical provisions variable has a positive but statistically insignificant effect on the capital structure of Moroccan insurance companies. This study concludes that profitability, size, tangibility, liquidity and risk are determinants of the capital structure of Moroccan insurance companies.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"140 27","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139458496","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":"Monetary policy challenges in Morocco: Exploring the possibility of reconciling price stability and economic growth","authors":"Younes El Khattab","doi":"10.23882/rmd.24191","DOIUrl":"https://doi.org/10.23882/rmd.24191","url":null,"abstract":"In this research paper, we used the VECM framework to assess Moroccan central bank’s ability to target inflation. We also explored the possibility of reconciling between inflation control and growth stimulation through an impulse response analysis. Our empirical results showed that interest rate adjustments as monetary policy measure could be a relevant choice in a context of moderate and short-lived inflation since it provides a wide margin for reconciling price stability and economic growth. In times of high and persistent inflation, the central bank should prioritize inflation control through a permanent decrease in its money supply.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"38 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139536601","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":"Economy, management and business law: Introductory note","authors":"Naoufel Belhaj, Francisco Gil","doi":"10.23882/rmd.242015","DOIUrl":"https://doi.org/10.23882/rmd.242015","url":null,"abstract":"\"Economy, management and business law\" is a publication that aims to contribute to the improvement of knowledge in the fields of economics and management as well as in disciplines directly related to development, adopting a variety of quantitative and/or qualitative methodologies at both theoretical and empirical levels. Our policy is to promote scientific work that will lead to significant advances in modern theories. It favors articles that provide sufficient insight into concrete aspects of economic life at microeconomic, macroeconomic and mesoeconomic levels. Authors are invited to compare the results of their studies with their initial hypotheses, within a framework of approaches that align theoretical advances with the realities of the modern economy. The current challenges facing the global economy are becoming increasingly frustrating: frequent crises, significant imbalances between countries in the North and South, profound inequalities between rich and poor within the same country. As a result, the economic policies proposed by the World Bank, the International Monetary Fund and other economic bodies advocate a single trajectory: economic neoliberalism for greater wealth creation. Can this logic be considered the only way out, especially for less advanced countries?","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"43 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139536672","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":"Geometric mean approach to measure Composite Index","authors":"S. Chakrabartty","doi":"10.23882/rmd.24160","DOIUrl":"https://doi.org/10.23882/rmd.24160","url":null,"abstract":"Composite Index (CI) combines measures of indicators on economic, social, environmental variables, government initiatives, wellbeing of health, psychological, satisfaction of basic needs, social/cultural, etc. However, existing measures of CIs suffer from limitations. The paper proposes CI measure as geometric mean (GM), which avoids scaling and choosing of weights. It helps in better comparison of countries across time and space and satisfies desired properties like monotonically increasing continuous function, constant elasticity, identification of key areas, reduction of level of substitutability, formation of chain indices to show growth of CI of a country, and is less affected by outliers. The index with wide applicability can be used for ranking, classification of countries and facilitates computation of mean and variance of a sample of countries. In addition, the index satisfies time-reversal test, helps to identify the critical areas and find contribution of the component indicators, estimation of population parameters and testing statistical hypothesis. Separate indices for domains can be constructed by considering indicators relevant to a domain. Thus, it is an improvement over the existing methods. Future studies suggested.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"19 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139536838","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":"L’action Apple, une opportunité de suivi de tendance: Zoom sur les ratios financiers et l’évolution boursière de 2019 à 2023","authors":"Rania Loubaris, Mohammed Yassine El Haddad","doi":"10.23882/rmd.24211","DOIUrl":"https://doi.org/10.23882/rmd.24211","url":null,"abstract":"This article aims to evaluate the performance and profitability of Apple Stock, as well as its trend following strategy, based on different financial ratios, over a period of five years, from 2019 to 2023. For this, it relies on the concept of trend following, a trading strategy that consists of following the direction of the market, without trying to anticipate changes. After a presentation of the literature review on the subject, we will present Indicators and tools to monitor a trend, then we will analyze the financial data of Apple, and its stock market behavior, over a period of five years. We will conclude our article by giving recommendations on whether or not to invest in Apple stock.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"43 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139635553","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":"La gouvernance d’entreprise: Un déterminant du management du risque bancaire","authors":"Aboubakre Haji, Mehdi Lechguar, Mohammed Adraoui","doi":"10.23882/rmd.24213","DOIUrl":"https://doi.org/10.23882/rmd.24213","url":null,"abstract":"The aim of our study is to propose ownership structure and board of directors as two innovative risk management criteria. Our mixed-method approach, combining a qualitative, exploratory study with 7 executives and a confirmatory quantitative study with 78 executives, aimed to assess the impact of these mechanisms on the risk of corporate failure. The results significantly demonstrate the influence of ownership structure and board of directors on default risk. Thus, examination of the interactions between the various players in the governance system reveals a relationship of support and complementarity rather than one of discipline. Our study confirms that the configuration of the ownership structure and the composition of the board of directors play a key role in preventing corporate credit risk. Thus, these results suggest that optimizing these mechanisms may not only reduce the risk of default, but also provide a perspective for a comprehensive and proactive approach to bank credit risk.","PeriodicalId":516301,"journal":{"name":"revistamultidisciplinar.com","volume":"28 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140522710","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}