Asian Economic and Financial Review最新文献_第2页

Determinants of personal financial management practices among Malaysian youth 马来西亚青年个人财务管理做法的决定因素

Asian Economic and Financial Review Pub Date : 2023-12-11 DOI: 10.55493/5002.v13i12.4931

Rudy Ansar, Brahim Chekima, Suddin Lada, Ming Fook Lim, M. Bouteraa

{"title":"Determinants of personal financial management practices among Malaysian youth","authors":"Rudy Ansar, Brahim Chekima, Suddin Lada, Ming Fook Lim, M. Bouteraa","doi":"10.55493/5002.v13i12.4931","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4931","url":null,"abstract":"This study examines the factors influencing personal financial management practices among Malaysian youths, with the moderating role of future orientation. This study used the theory of planned behavior as an underpinning theory to predict and understand the factors that influence personal financial management practices among Malaysian youth. The participants in the study are Malaysian individuals aged 15 to 40 years. A total of 119 valid questionnaires were collected and analyzed using structural equation modeling (SEM) with partial least squares (PLS). The data analysis findings revealed significant positive effects of financial attitude and financial literacy on the financial management practices among the Malaysian youth. Additionally, the results demonstrate that future orientation is a moderator, strengthening the associations between financial attitude, financial literacy, and personal financial management practices among young people. This study has two main implications. First, it provides valuable information for Malaysian government organizations and policymakers to develop successful plans for encouraging better financial management among young people. Furthermore, this study contributes to the extant literature on personal financial management practices by offering an alternative strategy to address the growing problem of bankruptcy among the Malaysian youth.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"38 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138979758","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

The role of financial accounting technology in improving customer relationship management in Jordanian banks 财务会计技术在改善约旦银行客户关系管理中的作用

Asian Economic and Financial Review Pub Date : 2023-12-11 DOI: 10.55493/5002.v13i12.4932

Zeyad Almatarneh, Nidal Zaqeeba, Iqbal Jebril, B. Jarah

{"title":"The role of financial accounting technology in improving customer relationship management in Jordanian banks","authors":"Zeyad Almatarneh, Nidal Zaqeeba, Iqbal Jebril, B. Jarah","doi":"10.55493/5002.v13i12.4932","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4932","url":null,"abstract":"This study aims to investigate the role of financial accounting technology in improving customer relationship management (CRM) in Jordanian banks. The study used a questionnaire survey based on previous relevant literature to obtain the necessary data. Using a quantitative analysis method, a random sample of 113 employees working in Jordanian banks was selected. The bootstrapping method was used to investigate the connection between financial accounting technology and CRM. To comprehend the significance levels, the path coefficients, T-values, and p-values are the most typical outcomes in the structural model. The direct effects showed that financial accounting technology, including innovation, flexibility and transparency, had a significant positive effect on CRM. In line with the results, relying on financial accounting technology in banking transactions enables the creation of global electronic markets that contribute to economic growth, and banks' use of financial accounting technology can provide high-quality services for customers. The outcome of this study lays the groundwork for future research to advance the knowledge in this field.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"27 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138981188","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

Does strategic agility and innovation capability have an impact on firm performance? A study on the Indonesian motorcycle industry 战略敏捷性和创新能力对企业绩效有影响吗？印度尼西亚摩托车行业研究

Asian Economic and Financial Review Pub Date : 2023-12-11 DOI: 10.55493/5002.v13i12.4930

Heru Purwanto, Harya K Wiralaga, Ari Saptono

{"title":"Does strategic agility and innovation capability have an impact on firm performance? A study on the Indonesian motorcycle industry","authors":"Heru Purwanto, Harya K Wiralaga, Ari Saptono","doi":"10.55493/5002.v13i12.4930","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4930","url":null,"abstract":"Agility and innovation are two of the most important capabilities that organizations have to deal with in disruptive environments. This research aims to examine the effect of strategic agility and innovation capability on firm performance in the Indonesian motorcycle industry. The research was conducted on 208 companies comprising both OEM (original equipment manufacturer) and tier 1 component suppliers in the supply chain of the Indonesian motorcycle industry. The validity was tested using the content, construct and convergent validity tests, the construct reliability was tested using the one-shot measure reliability test, and the hypothesis testing was carried out using structural equation modeling. The results show that innovation capability has a significant direct effect on strategic agility and firm performance, but in contrast to previous research findings, strategic agility does not have a significant direct effect on firm performance. In addition, strategic agility does not mediate the relationship between innovation capability and firm performance. These findings provide practical guidelines for the motorcycle industry in Indonesia to focus on developing innovation capabilities, particularly process innovation, which is related to the industry's ability to manufacture products at a lower cost and become a pioneer of the latest technology in its field. In the current conditions, companies are advised to focus more on other types of agility, such as operational or supply chain agility rather than strategic agility.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138980272","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

The effect of the fear index, dollar index and bitcoin on volatility: An example from Borsa Istanbul 恐惧指数、美元指数和比特币对波动性的影响:以Borsa Istanbul为例

Asian Economic and Financial Review Pub Date : 2023-11-02 DOI: 10.55493/5002.v13i12.4902

Murat Dilmac, Serpil Sumer, Hilal Mola

{"title":"The effect of the fear index, dollar index and bitcoin on volatility: An example from Borsa Istanbul","authors":"Murat Dilmac, Serpil Sumer, Hilal Mola","doi":"10.55493/5002.v13i12.4902","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4902","url":null,"abstract":"The effect of the Russia–Ukraine war has fluctuated in Europe and Asia's economic conjuncture by virtue of constant shifting balances. The portfolios of investors who made decisions in uncertain conditions have been affected by these fluctuations that have caused volatility in the stock market's indexes. The aim of this study is to examine the impact of the Fear Index (FI), the Dollar Index, and Bitcoin on the volatility of the Borsa Istanbul 100 Index (BIST). Autoregressive distributed lag (ARDL) time series analysis was used for the study, which revealed that the Dollar Index has no effect on volatility, while the FI was found to have an effect on volatility both in the short and long runs. In addition, Bitcoin was determined to have an effect on volatility only in the long run. When the period of the data used is examined, the outbreak of the Russia–Ukraine war in February 2022 is thought to be the reason for the increase in the FI. It can be assumed that the decisions of investors to invest in the BIST were adversely affected by the war as a natural consequence of this, and investors who ceased investing in the BIST index opted to invest elsewhere.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"6 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135975074","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

Emotional intelligence and stock trading decisions: Indonesia’s millennial generation in the COVID-19 era 情商和股票交易决策:新冠肺炎时代印尼的千禧一代

Asian Economic and Financial Review Pub Date : 2023-10-12 DOI: 10.55493/5002.v13i12.4893

Bertha Silvia Sutejo, None Sumiati, Risna Wijayanti, Candra Fajri Ananda

{"title":"Emotional intelligence and stock trading decisions: Indonesia’s millennial generation in the COVID-19 era","authors":"Bertha Silvia Sutejo, None Sumiati, Risna Wijayanti, Candra Fajri Ananda","doi":"10.55493/5002.v13i12.4893","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4893","url":null,"abstract":"This study explores the relationship between emotional intelligence traits and stock trading choices made by young millennial (Generation Y) investors in Indonesia, particularly during the COVID-19 pandemic. It also investigates whether behavioral biases, such as overconfidence and the herding effect, can mediate this relationship. This study uses exogenous variables (emotional intelligence trait), endogenous variables (stock trading decisions), and mediating variables (overconfidence and herding effect) to conduct fundamental research. A sample of 500 young investors in Indonesia from the millennial age was given a questionnaire with 5-point Likert scale response options. A Sobel calculator is used for mediation testing, and a structural equation model (SEM) is used for hypothesis testing. The study's conclusions show that there is no connection between emotional intelligence and stock trading choices. The findings also indicate that, in contrast to the herding effect, overconfidence has a significantly favorable impact on stock trading judgments. Tests of mediation reveal that the overconfidence behavior bias mediates the link between the emotional quotient and stock trading choices to some extent. The association between emotional intelligence and stock trading decisions was found to be independent of the herding effect. Young millennial investors can deliberately reduce the impact of these biases on their decision-making process, improve their self-awareness, and make more logical decisions. This could result in more knowledgeable and successful investment plans during difficult times, such as the COVID-19 pandemic.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136015015","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

Unpacking the interconnectedness between macro economic policies and socioeconomic outcomes: A case of monetary policies and wealth inequality in the ASEAN region 解开宏观经济政策与社会经济结果之间的相互联系:东盟地区货币政策与财富不平等的一个案例

Asian Economic and Financial Review Pub Date : 2023-10-03 DOI: 10.55493/5002.v13i12.4891

Warawut Ruankham, Phoommhiphat Pongpruttikul

{"title":"Unpacking the interconnectedness between macro economic policies and socioeconomic outcomes: A case of monetary policies and wealth inequality in the ASEAN region","authors":"Warawut Ruankham, Phoommhiphat Pongpruttikul","doi":"10.55493/5002.v13i12.4891","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4891","url":null,"abstract":"This study aims to link the interconnectedness between the dynamic of macroeconomic policies and the distribution of wealth in the Association of Southeast Asian Nations (ASEAN) context through the lens of monetary policy. Time series and panel data from the World Inequality Database (WID) for six ASEAN countries from 2000 to 2021 and the panel vector autoregression (PVAR) were used to analyze the dynamic interactions between monetary policy and wealth inequality. The results suggest that lowering the policy interest rate, increasing inflation, and economic growth lead to a significant increase in wealth inequality in the short run. The impulse response function of the top 1% and top 10% wealthiest are more noticeable than those of the middle 40% and the bottom 50%. Additionally, the study highlights an interesting temporal dynamic, suggesting that the effects of monetary policy don't manifest instantaneously. Instead, these effects evolve gradually. This time lag indicates the complexity of how monetary interventions interact with economic factors and underscores the importance of patience and careful observation when assessing the outcomes of such policy decisions. The study's implications emphasize the importance for policymakers to consider the distributional effects of monetary policy in the long run policy objective.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135745540","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

Technological innovation and the quality of environmental information disclosure: Evidence from a-share companies listed on China's Shanghai and Shenzhen stock exchanges 技术创新与环境信息披露质量:来自沪深a股上市公司的证据

Asian Economic and Financial Review Pub Date : 2023-10-02 DOI: 10.55493/5002.v13i12.4890

Xiaobin Luo, Debbra Toria Nipo, Junainah Jaidi

{"title":"Technological innovation and the quality of environmental information disclosure: Evidence from a-share companies listed on China's Shanghai and Shenzhen stock exchanges","authors":"Xiaobin Luo, Debbra Toria Nipo, Junainah Jaidi","doi":"10.55493/5002.v13i12.4890","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4890","url":null,"abstract":"High costs of technological innovation and insufficient technological innovation capabilities may impede the ability of firms to communicate relevant environmental protection information to the public. This study aims to analyze the impact of technological innovation on the quality of environmental information disclosure conducted by firms. A non-balanced panel dataset comprising A-share listed companies in Shanghai and Shenzhen from 2007 to 2020 was subjected to ordinary least squares (OLS) regression analysis in the study. The model included year-fixed and industry-fixed effects to eliminate the influence of unobservable factors during the sample period. The results revealed a statistically significant positive relationship between the quality of environmental information disclosure by enterprises and the quantity and quality of technological innovation. The study's findings indicate that technological innovation offers a more sustainable path for the advancement of environmental information disclosure. By utilizing environmentally friendly and energy-saving technologies, the negative impact of the environment on technological innovation can be mitigated, leading to a more sustainable approach to environmental information disclosure. The practical implications of this study include fostering innovation to enhance disclosure quality, which benefits policymaking and industry practices. The understanding of the positive relationship between technological innovation and environmental information disclosure is enriched by the empirical evidence from this study, emphasizing its role in promoting sustainability and transparency.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135901469","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

Does the random walk hypothesis hold for Indian stock markets during parliamentary elections? 在议会选举期间，印度股市的随机漫步假说是否成立?

Asian Economic and Financial Review Pub Date : 2023-10-02 DOI: 10.55493/5002.v13i12.4889

Khemraj Alias Sangam Shet, SriRam Padyala, Ramesh Bommadevara

{"title":"Does the random walk hypothesis hold for Indian stock markets during parliamentary elections?","authors":"Khemraj Alias Sangam Shet, SriRam Padyala, Ramesh Bommadevara","doi":"10.55493/5002.v13i12.4889","DOIUrl":"https://doi.org/10.55493/5002.v13i12.4889","url":null,"abstract":"In this study, we examine the random walk hypothesis for two well-known Indian indices, BSE (Sensex) and NSE (Nifty), by considering country-specific political events (parliamentary elections). Two pertaining questions were studied. First, efficiency with respect to weak form, semi-strong form, and strong form; and second, the random walk pattern of the return by applying the new variance ratio tests. We use 21 years of daily closing stock price data of both the National Stock Exchange (NSE) Nifty Index and the Bombay Stock Exchange (BSE) Sensex Index. The hypothesis is tested by using both conventional and new variance ratio tests: The Lo–MacKinlay variance ratio test, the Chow–Denning test, and Wright’s Rank and Sign test. All three tests report that the return does not follow the random walk for the full sample, suggesting the possibility of making gains by exploiting various investing strategies. It was found that both Indian indices follow the random walk hypothesis during the phase of parliamentary elections. This study contributes to the existing literature on the Efficient Market Hypothesis (EMH).","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135901475","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

Identifying the missing link between training and development and organizational performance: A mediated moderation approach 识别培训和发展与组织绩效之间缺失的联系:一种中介调节方法

Asian Economic and Financial Review Pub Date : 2023-09-14 DOI: 10.55493/5002.v13i11.4879

Mohammad Nurul Alam, Hammad Saleh Alotaibi, Abul Bashar Bhuiyan, Norhayah Zulkifli, Jamshid Ali Turi, Juman Iqbal

{"title":"Identifying the missing link between training and development and organizational performance: A mediated moderation approach","authors":"Mohammad Nurul Alam, Hammad Saleh Alotaibi, Abul Bashar Bhuiyan, Norhayah Zulkifli, Jamshid Ali Turi, Juman Iqbal","doi":"10.55493/5002.v13i11.4879","DOIUrl":"https://doi.org/10.55493/5002.v13i11.4879","url":null,"abstract":"This study aims to examine the effect of training and development (TD) on organizational performance (OP), the parallel mediating effects of employee engagement (EE), employee commitment (EC), and employee retention (ER). The study also empirically tests the moderating role of performance appraisal (PA). A quantitative methodology was used to analyze the cross-sectional sample data collected from 500 workers in the ready-made garment (RMG) industry in Bangladesh through a simple random sampling technique. The data was analyzed using SPSS and PLS-SEM. The results indicated a significant positive effect of TD on OP. Additionally, EC, EE, and ER were found to mediate the relationship between TD and OP. Furthermore, the study revealed that PA moderated the associations between EE and OP, and ER and OP. These findings have important implications for managers, policymakers, factory owners, government officials, and RMG employees. The insights gained from this study can also help organizations to better understand the critical role that employee engagement, commitment, and retention play in translating training and development investments into improved organizational performance.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"22-23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134971503","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

Determinants of financial risk of firms listed on the national stock market: Dynamic panel evidence from Vietnam 国家股票市场上市公司财务风险的决定因素:来自越南的动态面板证据

Asian Economic and Financial Review Pub Date : 2023-09-04 DOI: 10.55493/5002.v13i11.4878

Thi Nguyet Dung Nguyen, Thanh Cong Ha, Manh Cuong Nguyen, Thi Thu Loan Bui, Thi Hai Yen Nguyen

{"title":"Determinants of financial risk of firms listed on the national stock market: Dynamic panel evidence from Vietnam","authors":"Thi Nguyet Dung Nguyen, Thanh Cong Ha, Manh Cuong Nguyen, Thi Thu Loan Bui, Thi Hai Yen Nguyen","doi":"10.55493/5002.v13i11.4878","DOIUrl":"https://doi.org/10.55493/5002.v13i11.4878","url":null,"abstract":"Financial risk is a subject that receives the attention of researchers, business managers, and policymakers because of its impact on the existence and development of businesses. The study was conducted to provide empirical evidence on the factors affecting the financial risk of enterprises in the context of emerging and developing economies. The quantitative method based on the S-GMM model was used for regression analysis to overcome endogenous problems in the multivariate regression model with financial variables, with a sample of 509 listed non-financial enterprises, with 3,054 observations in the 2007–2018 period in Vietnam. The results show that profitability, current solvency, financial structure, cost management, and firm size influence financial risk for listed enterprises in the sample. Financial leverage and firm size were found to have a positive influence on financial risk, and the other factors negatively affect financial risk. The study also examines the influence of several factors related to business performance and growth in relation to risk. Based on these findings, some policy implications are proposed on corporate governance related to the use of financial leverage and cost management so that enterprises can develop sustainably and avoid financial risk.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135452855","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