Journal of Economics, Finance and Administrative Science最新文献_第6页

Assessing the possibility of winning a WTO dispute before being involved 在卷入WTO争端之前评估赢得争端的可能性

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-11-08 DOI: 10.1108/jefas-08-2020-0301

Nikolai Klishch, A. Larionov

{"title":"Assessing the possibility of winning a WTO dispute before being involved","authors":"Nikolai Klishch, A. Larionov","doi":"10.1108/jefas-08-2020-0301","DOIUrl":"https://doi.org/10.1108/jefas-08-2020-0301","url":null,"abstract":"PurposeThis article focuses on whether there is a chance to win a World Trade Organization (WTO) trade dispute at the consultation stage. The study suggests an approach to resolving trade disputes on a bilateral level before involving formal WTO resolution procedures.Design/methodology/approachThe model describes the determinants of the probability of winning a trade dispute. The econometric model estimates two different groups of factors available during the consultation period – macroeconomic factors and the institutional features of the trade dispute, such as the number of third parties. The data includes WTO trade disputes from 1995 to 2014.FindingsThe suggested model predicts the result of trade disputes with a probability of 76.64%. The research proves that institutional factors such as the number of third parties and the subject of the trade dispute influence the probability of winning.Practical implicationsThe results of the study help predict the probability of winning a trade dispute at the consultation stage so that countries can decide whether to pursue a trade dispute.Originality/valueThe research presents several new hypotheses on the results of trade disputes. The authors show that the higher the number of countries involved, the higher the chance of the complainant winning and that if major parties such as the US or the European Union (EU) are involved as third parties, the chance of the complainant winning increases.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":"73 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88232303","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

Reinvesting in equity crowdfunding: the case of digital workers 对股权众筹进行再投资:以数字工作者为例

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-11-03 DOI: 10.1108/jefas-07-2021-0116

Rayan Faisal A. Makki, S. V. van Hemmen

{"title":"Reinvesting in equity crowdfunding: the case of digital workers","authors":"Rayan Faisal A. Makki, S. V. van Hemmen","doi":"10.1108/jefas-07-2021-0116","DOIUrl":"https://doi.org/10.1108/jefas-07-2021-0116","url":null,"abstract":"PurposeThe purpose of this study is to investigate the initial investment's motivations and study the reinvesting motivations. The results revealed differences in reinvestors' motivations of reinvestors in both winning and losing situations. Specifically, financial return and excitement motives were supported for win and loss situations, while recognition was supported for loss and pleasure in win situations.Design/methodology/approachThe impact of intrinsic and extrinsic motivations on reinvestors was tested using the structural equation model. Furthermore, the framework was analysed with survey data from a total of 355 digital workers from Amazon Mechanical Turk, one of the world's largest crowdsourcing platforms.FindingsThe results indicate that there are differences in the motivations for reinvestors when they are in both winning and losing situations. Financial return and excitement motives were supported for win and loss situation, while recognition was supported in loss and pleasure in win situation.Research limitations/implicationsThis study makes it possible to better understand the motivations behind crowdfunding reinvestment among digital workers. To build on this work, more studies should be conducted with different samples to test the generalisability of these results. Moreover, future studies on different samples could determine whether the same motivations would hold for other investors or whether another motivation would have greater impact on these reinvestment decisions.Originality/valueWhile previous research on equity crowdfunding has predominantly focused on intrinsic and extrinsic motivations for participating and investing in equity crowdfunding platforms, the motives that specifically affect winning or losing situations for reinvestors have been largely overlooked.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":"1 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89866484","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

Analysing the linkage between total factor productivity and tourism growth in Latin American countries 分析拉丁美洲国家全要素生产率与旅游业增长之间的联系

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-11-02 DOI: 10.1108/jefas-08-2019-0179

Panayiotis G. Tzeremes

{"title":"Analysing the linkage between total factor productivity and tourism growth in Latin American countries","authors":"Panayiotis G. Tzeremes","doi":"10.1108/jefas-08-2019-0179","DOIUrl":"https://doi.org/10.1108/jefas-08-2019-0179","url":null,"abstract":"PurposeThe study aims to investigate the nexus between total factor productivity and tourism growth in Latin American countries for time series data from 1995 to 2017.Design/methodology/approachUsing the extension of the Granger noncausality test in the nonlinear time-varying of Ajmi et al. (2015), the study points out the interconnectedness between the variables during the period.FindingsThe study found nonlinear causality between the variables. Particularly, studying the conclusions for the time-varying Granger causality fashion, it can be noticed that the one-way causality from total factor productivity to tourism growth is obtained for Argentina, Bolivia, Brazil, Uruguay and Venezuela, while the vice versa is confirmed for Chile, Ecuador and Nicaragua. Lastly, the study dissected the plots of the curve causality.Practical implicationsIn view of the results, some crucial policy implications could be suggested, such as, under certain circumstances and as an exceptional case, the use of policy instruments such as targeted investment, marketing and the support of tourism organizations focused on driving a tourism-led-based productivity and/or tourism programs and projects.Originality/valueThe current work is distinguished from the existing body of understanding in several substantial directions. This work explores, for the first time, the linkages between the total factor productivity index and tourism growth for Latin American countries. No single attempt has been known to investigate this interaction by using nonlinear causality, and this study determines the shape of the curve between the total factor productivity index and tourism growth for each country.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":"40 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80929148","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: 2

Shadow economy in Palestinian territories using currency demand approach 使用货币需求方法的巴勒斯坦领土上的影子经济

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-11-01 DOI: 10.1108/jefas-04-2021-0021

M. Abuamsha, S. Shumali

{"title":"Shadow economy in Palestinian territories using currency demand approach","authors":"M. Abuamsha, S. Shumali","doi":"10.1108/jefas-04-2021-0021","DOIUrl":"https://doi.org/10.1108/jefas-04-2021-0021","url":null,"abstract":"PurposeThe study aims at estimating the shadow economy (SE) using the method of demand for currency in Palestine for the period 2008–2018 by studying the relationship between a group of variables that affect the ratio of money traded outside the banking system to the money supply in the broad sense.Design/methodology/approachThe study has adopted analytical and descriptive research methods to estimate SE in Palestinian territories. The data has been obtained from the inflation reports issued by the Palestinian Monetary Authority for ten years, from 2008 to 2018. A standard model was constructed using EViews version 8 for statistical data processing after converting the annual data to quarterly data.FindingsThe authors demonstrated that the size of the SE in Palestinian territories has varied over time, and the annual average of its size during the study period reached about $1764.893 (in millions). This amount constitutes about 15.5% of the gross domestic product. The study provides recommendations for reducing the size of the SE in Palestinian territories.Practical implicationsThe current study shows that shadow economics could significantly matter for economic policy design by policymakers.Originality/valueThis study deals directly with Tanzi’s “estimation of shadow economy in Palestinian territories” concept and its impact on economic policies.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":"1 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83131858","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: 2

Financial fragility and financial stress during the COVID-19 crisis: evidence from Colombian households 2019冠状病毒病危机期间的金融脆弱性和金融压力:来自哥伦比亚家庭的证据

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-10-28 DOI: 10.1108/jefas-01-2022-0005

Raul Armando Cardona-Montoya, V. Cruz, Samuel Mongrut

{"title":"Financial fragility and financial stress during the COVID-19 crisis: evidence from Colombian households","authors":"Raul Armando Cardona-Montoya, V. Cruz, Samuel Mongrut","doi":"10.1108/jefas-01-2022-0005","DOIUrl":"https://doi.org/10.1108/jefas-01-2022-0005","url":null,"abstract":"PurposeOur findings indicate that workers with more financial education were more prepared to face the negative effects on their finances from COVID. This ability reduces the probability of becoming financially fragile and experiencing financial stress.Design/methodology/approachThe authors applied a survey questionnaire to 856 Colombian adults and used principal component analysis to build an index for each factor. Then, the authors used a linear regression model with the indexes to test our hypotheses and verify our results using a structural equation model.FindingsOur findings indicate that workers who have more financial education are more prepared to face the negative effects on their finances, which reduces the probability of becoming financially fragile and having financial stress.Research limitations/implicationsThe authors found that there is no significant relationship between financial literacy and financial fragility, neither between financial literacy and financial stress, so a better financial education will not lower financial fragility and stress unless it is being applied by households through better financial preparedness.Practical implicationsIt is important to highlight that the pandemic not only taught us to improve biosecurity measures but also that financial strength, ability to work remotely and income diversification were key factors in facing this adverse shock, the authors show that high levels of financial education have a positively relationship with the ability of individuals to manage their resources, so private and public institutions have to promote better financial education.Originality/valueThis is the first study that applies the four different indexes to an emerging country (i.e. Colombia), and the first one to create and use a financial stress index.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":"52 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72786889","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: 3

Creation of shared value in cooperatives: informal institutions’ perspective of small-sized banana growers from Colombia 在合作社中创造共享价值:哥伦比亚小型香蕉种植者的非正式机构视角

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-10-24 DOI: 10.1108/jefas-09-2021-0186

Marcela Maestre Matos, Jahir Lombana-Coy, F. Mesías

引用次数: 0

The Decline of Cultivators and Rise of Agricultural Labourers in the Rural Areas of Himachal Pradesh 喜马偕尔邦农村耕耘者的衰落与农业劳动者的崛起

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-10-14 DOI: 10.12691/jfe-10-3-2

Anay Kumar, M. Lal

引用次数: 0

Evaluating the Relationship between Consumer Price Index with Gasoline and Hog Prices in Vietnam 越南居民消费价格指数与汽油和生猪价格的关系评价

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-09-26 DOI: 10.12691/jfe-10-3-1

Pham Minh Thuy

引用次数: 0

Editorial: Past, present and future of a developing journey for 30 years 社论:30年发展历程的过去、现在和未来

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-07-12 DOI: 10.1108/jefas-04-2022-330

Nestor U. Salcedo, J. Talavera, Jerry L. Harr

{"title":"Editorial: Past, present and future of a developing journey for 30 years","authors":"Nestor U. Salcedo, J. Talavera, Jerry L. Harr","doi":"10.1108/jefas-04-2022-330","DOIUrl":"https://doi.org/10.1108/jefas-04-2022-330","url":null,"abstract":"We are proud to present issue 53 and celebrate the 30th anniversary of creating the Journal of Economics, Finance and Administrative Science (JEFAS) by ESAN Graduate School of Business (currently University ESAN). This year is significant considering the upcoming 60th anniversary of the ESAN Graduate School of Business, founded as the product of a three-way agreement involving the Government of Peru, the US Agency for International Development and Stanford Graduate School of Business. This landscape allowed establishing the goal of always seeking and achieving high-quality research in business and economics for contributing to the academic community, policymakers and management practice. The journey so far has been long and challenging, with outstanding achievements thanks to themembers involved in the editorial team from its creation to the present day. Some are no longer on this journey. However, each one contributed significantly to the legacy that the JEFAS has consolidated through its challenges, review and roadmap (Haar, 2015; Salcedo, 2021a) and continually encouraging high-quality publications (Salcedo, 2021b) through its strong collaboration (Aria and Cuccurullo, 2017), as shown in Figure 1.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":"118 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81254905","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: 2

Economic policy uncertainty of China and investment opportunities: a tale of ASEAN stock markets 中国经济政策的不确定性与投资机会:东盟股市的故事

IF 2.4

Journal of Economics, Finance and Administrative Science Pub Date : 2022-06-14 DOI: 10.1108/jefas-04-2021-0032

Hassanudin Mohd Thas Thaker, Mohamed Asmy Bin Mohd Thas Thaker, Muhammad Rizky Prima Sakti, I. Sifat, Anwar Bin Allah Pitchay, Hafezali Iqbal Hussain

{"title":"Economic policy uncertainty of China and investment opportunities: a tale of ASEAN stock markets","authors":"Hassanudin Mohd Thas Thaker, Mohamed Asmy Bin Mohd Thas Thaker, Muhammad Rizky Prima Sakti, I. Sifat, Anwar Bin Allah Pitchay, Hafezali Iqbal Hussain","doi":"10.1108/jefas-04-2021-0032","DOIUrl":"https://doi.org/10.1108/jefas-04-2021-0032","url":null,"abstract":"PurposeThe purpose of this paper is to examine the effect of economic policy uncertainty (EPU) of China on investment opportunities in five ASEAN economies.Design/methodology/approachThis paper employs advanced empirical approaches, such as Multivariate DCC-GARCH and Continuous Wavelet Transform (CWT) to test the research objective. The period of analysis involved monthly data from 2003 until 2019.FindingsThis paper provides evidence where the Malaysian stock market to be the least exposed to risks emanating from Chinese EPU, followed by Singapore, the Philippines, Thailand and Indonesia. Results for investment opportunities based on time horizon suggest, for a short-term holding period, investors are better off investing in Singapore and Indonesia, while, for medium-term holding periods, all ASEAN markets appear lucrative except for the Philippines.Practical implicationsFrom a managerial perspective, the outcome or findings of this study are expected to aid the retail and institutional investors in designing better strategies on diversifying a stock portfolio with different holding periods.Originality/valueTheoretically, the findings of this study contribute fresh insights into an emerging strand of literature focusing on the transmission of regional policy. Methodologically as well, this study is a novel venture to the best of authors' knowledge.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":"288 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79400795","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: 3