Asian Economic and Financial Review最新文献_第6页

The effects of non-performing loans on bank stability and economic performance in Zimbabwe 不良贷款对津巴布韦银行稳定性和经济表现的影响

Asian Economic and Financial Review Pub Date : 2023-05-18 DOI: 10.55493/5002.v13i6.4794

Blessing Katuka, Calvin Mudzingiri, Edson Vengesai

{"title":"The effects of non-performing loans on bank stability and economic performance in Zimbabwe","authors":"Blessing Katuka, Calvin Mudzingiri, Edson Vengesai","doi":"10.55493/5002.v13i6.4794","DOIUrl":"https://doi.org/10.55493/5002.v13i6.4794","url":null,"abstract":"This study explores the impact of non-performing loans (NPLs) on the Zimbabwean banking industry’s stability and economic performance during the dollarization era. The panel vector autoregressive (PVAR) model was applied using annual data from 2009 to 2017. The findings indicated that short-run NPL shocks negatively impact the risk-adjusted return, while the impact on risk-adjusted capitalization is positive but dies off in the long run. The findings from the paper further show that NPLs have a strong negative and significant effect on loan growth and economic performance in the short run but remain muted in the long run. The study results also show a bi-directional causality between banking industry stability and NPLs. In summary, NPLs affect banking industry stability, loan growth and economic performance in Zimbabwe. A possible implication is the formulation of a sound regulatory framework that curbs the increase in NPLs, promotes stability within the banking industry, and improves economic performance. The practical implication is that banks must get it right the first time regarding bank lending policies. Thus, the study recommends that Zimbabwean banks proactively manage their exposure to non-performing loans by implementing rigorous credit risk assessment processes.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"47 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82595327","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

India's bilateral trade agreements and export competitiveness of agricultural commodities 印度的双边贸易协定和农产品出口竞争力

Asian Economic and Financial Review Pub Date : 2023-05-08 DOI: 10.55493/5002.v13i6.4785

Krishnakumar Nanu Bandolkar, Sudarsan P K

{"title":"India's bilateral trade agreements and export competitiveness of agricultural commodities","authors":"Krishnakumar Nanu Bandolkar, Sudarsan P K","doi":"10.55493/5002.v13i6.4785","DOIUrl":"https://doi.org/10.55493/5002.v13i6.4785","url":null,"abstract":"Regional Trade Agreements (RTAs) are important as they can create an economic impact on international businesses and influence global economic policies. The key objective of this study is to understand whether India's agricultural export competitiveness with its partners has improved after the creation of these Regional Trade Agreements. The study applies the Revealed Comparative Advantage (RCA) index to gauge the export competitiveness of India with its RTA partners. The data has been analyzed for products in the agriculture category – Animals (product codes (PCs) 01 to 05), Vegetables (PCs 06 to 15), and Food Products (PCs 16 to 24) – based on the Harmonized System (HS2) classification. Out of 164 cases of agricultural export competitiveness, 84 cases have shown statistically significant changes after the formation of the studied RTAs. Among these 84 cases, 31 have shown improvement in the RCA, and 53 have shown a deterioration of the RCA. Considering India's agricultural export competitiveness, the India–Thailand Free Trade Agreement (FTA) is the most beneficial, while the India–Singapore Comprehensive Economic Cooperation Agreement (CECA) and the India–Sri Lanka FTA can be treated as highly disadvantageous bilateral agreements. The results have trade policy implications for India and other developing nations that are in the process of negotiating for more RTAs.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"87 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74615065","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 environmental, social and governance criteria on the corporate value of listed companies in Malaysia 环境、社会和治理标准对马来西亚上市公司公司价值的影响

Asian Economic and Financial Review Pub Date : 2023-05-05 DOI: 10.55493/5002.v13i5.4782

Nur Shahira Bte Shahrun, S. Ramasamy, Yuen Yee Yen

{"title":"The effect of environmental, social and governance criteria on the corporate value of listed companies in Malaysia","authors":"Nur Shahira Bte Shahrun, S. Ramasamy, Yuen Yee Yen","doi":"10.55493/5002.v13i5.4782","DOIUrl":"https://doi.org/10.55493/5002.v13i5.4782","url":null,"abstract":"Environmental, social, and governance (ESG) criteria are used by most corporations to achieve and maintain the best management quality. Thus, implementing ESG might assist firms in Malaysia to improve their corporate performance. The purpose of this research is to analyze the effect of ESG on corporate performance in terms of the value of Malaysian listed firms. A total of 45 companies listed on Bursa Malaysia that have complete ESG data from 2011–2021 were selected from Bloomberg’s ESG database. Corporate value was measured using three indicators – return on assets (ROA), return on equity (ROE) and Tobin’s Q. According to the results, the ESG scores have an insignificant positive influence on ROE and Tobin’s Q. However, the ESG scores have a negative but insignificant impact on ROA. The individual Environmental score has a negative impact on ROA but a positive impact on ROE and Tobin’s Q. Meanwhile, Social on its own has an insignificant negative impact on all variables, and Governance has a positive but insignificant impact on all variables. Based on the inconsistencies between the results of this study and those of previous research, the conclusions on whether ESG criteria promote business value and performance cannot be reached. ESG practices have become increasingly important, not only for policymakers but for governments and stakeholders. Hence, the outcome of this study will be useful for the government to reduce costs and implement policies to improve corporate performance in Malaysia.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"94 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84317274","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

Real estate development, human capital, and economic growth in Kenya 房地产开发、人力资本和肯尼亚的经济增长

Asian Economic and Financial Review Pub Date : 2023-05-05 DOI: 10.55493/5002.v13i6.4784

Mutuku Rainard Munyao, Nyambuto Kennedy Ocharo, Ochenge Rogers Ondiba

{"title":"Real estate development, human capital, and economic growth in Kenya","authors":"Mutuku Rainard Munyao, Nyambuto Kennedy Ocharo, Ochenge Rogers Ondiba","doi":"10.55493/5002.v13i6.4784","DOIUrl":"https://doi.org/10.55493/5002.v13i6.4784","url":null,"abstract":"The purpose of this study is to investigate the effect of real estate development and human capital on economic growth in Kenya by endogenizing the central bank rate and inflation as additional key variables that affect economic growth. This paper employs an autoregressive distributed lag (ARDL) model to analyze quarterly time series data spanning from the first quarter of 2009 to the fourth quarter of 2019. The results reveal that real estate development has a positive and significant impact on economic growth in the short run. The study also establishes a long-run relationship between real estate development, the central bank rate, inflation and economic growth. Specifically, the study establishes that inflation and the central bank rate are negatively and significantly associated with economic growth in the long run. This study makes significant progress in providing empirical evidence on the effect of real estate development, human capital, the central bank rate and inflation on economic growth in Kenya. Additionally, these findings are useful to all economies across the world, particularly developing countries such as Kenya. This study recommends the formulation of policies to encourage investment in real estate development and human capital, as they are crucial for economic growth in Kenya and other developing countries.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83357802","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 impact of the customs environment on Vietnam’s exports 海关环境对越南出口的影响

Asian Economic and Financial Review Pub Date : 2023-05-05 DOI: 10.55493/5002.v13i5.4783

Thanh Tuan Nguyen, T. Luong, Thi Thu Huyen Trinh, Gia Khuong Nguyen, T. Dang

{"title":"The impact of the customs environment on Vietnam’s exports","authors":"Thanh Tuan Nguyen, T. Luong, Thi Thu Huyen Trinh, Gia Khuong Nguyen, T. Dang","doi":"10.55493/5002.v13i5.4783","DOIUrl":"https://doi.org/10.55493/5002.v13i5.4783","url":null,"abstract":"This paper aims to study the impact of the customs environment on Vietnam's exports, using panel data with 11 variables collected from 81 trading partners of Vietnam in the period between 2014 and 2019. The customs environment index (CEI) is determined by four component indexes: i) ease of cross-border trading, ii) prevalence of non-tariff barriers, iii) trade tariffs, and iv) corruption perception, with weights for each component calculated by the Analytic Hierarchy Process (AHP). The gravity model is employed and run using R software version 4.0.4. The results indicate that the customs environment has a significantly positive impact on Vietnam's exports at the level of 1%; each percentage improvement in the CEI will lead to a 1.8105% increase in Vietnam's exports (ceteris paribus). In other words, the convenience of the customs environment could promote Vietnam’s exports. By calculating the CEI of all countries, the results also show that the customs environment in Vietnam has improved during the investigated period, from 0.57 in 2014 to 0.59 in 2019, but this improvement is not considerable. When compared to Association of Southeast Asian Nations (ASEAN)-6 countries, Vietnam has a relatively modest customs environment record. These are critical findings for the implementation of necessary policies in Vietnam.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79877880","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

Islamic banks’ service quality in Somalia: Customer loyalty, satisfaction, and the role of trust as a mediator 索马里伊斯兰银行的服务质量:客户忠诚度、满意度和信任的中介作用

Asian Economic and Financial Review Pub Date : 2023-05-03 DOI: 10.55493/5002.v13i5.4781

Galad Mohamed Barre, Abdimalik Ali Warsame, H. A. Hussein, I. Mohamed

引用次数: 1

Fintech’s game-changing opportunities for SMEs: A study on selected SMEs in Bangladesh 金融科技为中小企业带来改变游戏规则的机会:对孟加拉国中小企业的研究

Asian Economic and Financial Review Pub Date : 2023-05-02 DOI: 10.55493/5002.v13i5.4780

Md. Ariful Hoque

{"title":"Fintech’s game-changing opportunities for SMEs: A study on selected SMEs in Bangladesh","authors":"Md. Ariful Hoque","doi":"10.55493/5002.v13i5.4780","DOIUrl":"https://doi.org/10.55493/5002.v13i5.4780","url":null,"abstract":"The growth of a developing economy, such as that of Bangladesh, relies on its small and medium-sized enterprises (SMEs) as they account for more than 25% of the country’s gross domestic product (GDP). The present study assesses the impact of financial technology (fintech) on the growth of SMEs in Bangladesh. A structured questionnaire was developed and used to collect primary data from 77 respondents who work at 10 selected SMEs. Fintech products, especially mobile money, digital lending and mobile or online banking, are used as explanatory variables, while the growth of SMEs is the response variable. IBM SPSS was used to analyze the collected data, and regression analysis was used to assess the effect of fintech on the growth of SMEs in Bangladesh. Mobile money and mobile or online banking were found to have a statistically significant impact on SME growth, while digital lending did not. Therefore, fintech service providers should increase efforts to advertise their products to encourage more merchants to use them. This is the only study to date that conclusively proves that fintech products, especially mobile money and mobile or online banking, significantly affect SME growth in Bangladesh.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"45 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81101847","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 the COVID-19 pandemic on the relationship between the economic factors and stock prices of the transport sector in the stock exchange of Thailand COVID-19大流行对泰国证券交易所运输部门经济因素与股票价格关系的影响

Asian Economic and Financial Review Pub Date : 2023-04-06 DOI: 10.55493/5002.v13i5.4773

Sukanya Sirimat, Tanawat Watchalaanun, Kitimaporn Choochote, S. Nonthapot

{"title":"Impacts of the COVID-19 pandemic on the relationship between the economic factors and stock prices of the transport sector in the stock exchange of Thailand","authors":"Sukanya Sirimat, Tanawat Watchalaanun, Kitimaporn Choochote, S. Nonthapot","doi":"10.55493/5002.v13i5.4773","DOIUrl":"https://doi.org/10.55493/5002.v13i5.4773","url":null,"abstract":"The COVID-19 pandemic has affected economic sectors and investment and has particularly affected the stock pricing factors for the transport sector (TRANS). This study compares the relationship of the different factors, i.e., the volume, exchange rate (EXR), consumer price index (CPI), and the oil price on the stock prices of the TRANS on the Stock Exchange of Thailand (SET) between the pre-COVID-19 and during COVID-19 periods. Time series data between January 2017 and December 2019 were used for the pre-COVID-19 period, and data between January 2020 and September 2022 were used for the during COVID-19 period. The effects of the independent variables were considered by estimating the long-run relationship using the autoregressive distributed lag (ARDL) and Granger causality from those variables to each stock price. The results found that the COVID-19 pandemic caused different effects on the volume, EX, CPI, and the oil price on the stock prices of the transport sector in the SET. Thus, investors should closely monitor the situations caused by natural disasters and the change of the EXR and oil price to reduce any problems that may arise.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77794995","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

What was the impact of business performance on MSMEs during the COVID-19 pandemic? 在2019冠状病毒病大流行期间，业务绩效对中小微企业有何影响?

Asian Economic and Financial Review Pub Date : 2023-04-05 DOI: 10.55493/5002.v13i4.4772

Hendra Achmadi, Oscar Jayanagara, A. H. Sutawijaya

引用次数: 1

The impact of digitalization on the banking sector: Evidence from fintech countries 数字化对银行业的影响:来自金融科技国家的证据

Asian Economic and Financial Review Pub Date : 2023-03-30 DOI: 10.55493/5002.v13i4.4769

Jihène Bousrih

{"title":"The impact of digitalization on the banking sector: Evidence from fintech countries","authors":"Jihène Bousrih","doi":"10.55493/5002.v13i4.4769","DOIUrl":"https://doi.org/10.55493/5002.v13i4.4769","url":null,"abstract":"Banking services are now branded and are provided in distinct ways. It has been proven that the development of new financial services and products substantially impacts bank performance. This paper investigates the effect of e-banking services on the performance of banks before the pandemic. The study looks at a sample of 24 nations, including leading fintech nations. Data from 2012 to 2019 was gathered from the World Development Indicators and the Bank for International Settlements (BIS) databases. The findings show a significant positive correlation between cashless payments and banks' ROA. The performance of a bank is significantly impacted by mobile subscribers. In fact, customers are willing to use mobile transactions in place of traditional bank accounts. Banks' ability to generate revenue from assets (in the form of credits) is consequently restricted, which has an impact on their ability to earn a profit. The research suggests a range of policy implications and policy interconnections between digital financial services, banking stability, and efficiency. The banking sector has become more digitalized after the recent pandemic. To date, there is very little literature that has focused on the effect of digitalization on the banking sector before the Covid-19 crisis. The current study contributes to the literature by providing an overview of the relationship between the banking industry and digitalization before the latest pandemic for some leading fintech countries. This research will contribute to later comparisons between the different situations of the banking sector pre- and post-pandemic.","PeriodicalId":53424,"journal":{"name":"Asian Economic and Financial Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77124819","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: 1