International Journal of Financial Engineering最新文献

{"title":"Assessing the Impact of Transport Provision Factors on the Efficiency of a Regional Transportation System","authors":"I. Rudaleva, I. Kabasheva, E. Fedorova, D. Smirnova, O. Gorbatova","doi":"10.37394/232032.2023.1.26","DOIUrl":"https://doi.org/10.37394/232032.2023.1.26","url":null,"abstract":"This research presents a correlation regression analysis of the impact of transport provision characteristics on the efficiency of the regional transportation system of the Russian regions. The research showed that the scope of cargo turnover in million tons per kilometer produces the largest positive impact on the efficiency of the regional transportation system. Another significant positive factor is the volume of investment into capital assets of the relevant organizations. Apparently, the growth of capital investment into basic production assets allows increasing the cargo turnover of transportation companies, which is reflected on the scope of transportation services per capita. At the same time, the growth of passenger turnover (million passengers per kilometer) leads to a decrease in the resulting index. In our opinion, this can be due to competition within a sector. Specifically, a high level of roads loading, including with public transport, leads to an increase of unproductive loss of working time for business, delays and, consequently, reduced volume of goods turnover.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":"1 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89690527","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":"Measuring the Elasticity of Demand for the Consumer Basket Components in Jordan","authors":"Abdelhalim Mohammad Jubran, Khaled Mohammed Al Sawaie","doi":"10.37394/232032.2023.1.22","DOIUrl":"https://doi.org/10.37394/232032.2023.1.22","url":null,"abstract":"This study aims at measuring the income elasticity of demand based on a survey of the household income and expenditure in the Jordanian economy for the period 2017-2018. And in order to measure the income elasticity of demand, the researchers used the simple linear model However, the researchers anticipated that the increase in the household income would lead to an increase in commodities consumption: in return for the possibility of reducing the consumption, by increasing the price of the commodity. The study reached a set of results, by measuring the income elasticity of demand for 77 types of commodities and services: such as the convergence between the consumer response to the movement of each income and price among the commodities in the Jordanian economy and in other countries, where fresh fish is on the list of luxury commodities among fish and meat. What explains this is the shortage of this commodity offered quantities in the Jordanian market and its high prices. Thus, the presence of very low-income elasticity of ’garlic’ commodity at the level (0.092), which indicates that this commodity cannot be abandoned in case of low income.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":"7 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85425733","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":"Determinants of Innovation in Brazil: an Empyrical Analysis of the Period 2011-2021","authors":"Hugo Ferreira Braga Tadeu, J. T. M. Silva","doi":"10.37394/232032.2023.1.20","DOIUrl":"https://doi.org/10.37394/232032.2023.1.20","url":null,"abstract":"Empirical studies regarding the determinants of innovation in developing countries, including Brazil, have demonstrated the negative impact of high inflation rates on the economic capacity. However, the recent Brazilian experience clearly shows that stabilization, in and of itself, is not capable of recovering the investment rates. With this in mind, this study’s goal is to answer, with the help of econometric simulation models, the questions: (i) what are the key-drivers to assess the Brazilian economy?; and (ii) what are the key-factors to be considered when investments are made, particulary in innovation? To answer the questions we evaluated the impacts of macro-economic variables on private investments, using a strategic bias and a long term vision plan. The estimates demonstrate empirical crowding-in evidence of public investments in innovation over private investments as a real impact to productivity. As for public invetsments (non-infrastructural) we suggest that the crowding-in impact dislocates private investments. All these indicators were obtained as presented in the therory, with the exception of the real interest rates variable (r), in which we observed that the coefficient is positive and insignificant in the estimated equation.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":"23 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87259187","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":"Factors Affecting Responsible Tourism Development in Phu Quoc City, Kien Giang Province","authors":"Tran Huu Ai","doi":"10.37394/232032.2023.1.25","DOIUrl":"https://doi.org/10.37394/232032.2023.1.25","url":null,"abstract":"Responsible tourism will be the mainstream for the future tourism industry with the aim of using tourism to create economic, social and environmental sustainability in the destination. This study was conducted to provide arguments for Phu Quoc city, Kien Giang province in developing responsible tourism. The main data of the study were provided by 160 visitors through a questionnaire survey and analyzed in the form of descriptive statistics, scale reliability, exploratory factors and multivariable linear regression. The research results show that there are 6 factors affecting the development of responsible tourism in Phu Quoc city in descending order: (1) responsible communication in tourism, (2) organization management in tourism responsible catering, (3) responsible accommodation operation, (4) responsible community action in tourism (5) tourism management and (6) responsible tourism product development. This study not only complements the theory and practice of responsible tourism but also serves as a basis for Phu Quoc city to come up with solutions to develop more responsible local tourism in the future.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":"39 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74947079","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":"Financial Analysis of the Construction Company's Product Quality Management System","authors":"A. Saparbayev, Y. Zhuman, N. Sarsenbiyeva, K. Alpysbayev, Zaure Klyshbayeva, A. N. Kaziyeva","doi":"10.37394/232032.2023.1.19","DOIUrl":"https://doi.org/10.37394/232032.2023.1.19","url":null,"abstract":"This scientific study considers the issues of financial analysis of the construction company's products quality management system. The functioning of this system is of great importance in the activities of a construction company, since the quality of products is one of the main evaluation criteria of its activities; therefore, the analysis of the financial component of this system is of primary importance in terms of evaluating the final quality of construction products. The relevance of the subject matter is determined by the need for a thorough study of the features of the functioning of construction enterprises in terms of the financial component of the activity of the quality management system of manufactured products in order to create effective control tools and improve various aspects of their activities. The purpose of this study is to identify the main aspects that affect the financial performance of construction companies in terms of trends in improving the quality of products. The leading approach in this study is a combination of a system analysis of the features of the functioning of enterprises in the construction sector with an analytical study of the financial component of the activities of enterprises in the construction sector in the context of the functioning of the product quality management system of these companies. The main results obtained in the course of this study should be considered an assessment of the economic efficiency of the activities of the construction organisations selected as an example of quality management systems in Almaty, as well as a statement of differences in the activities of the construction companies selected for the analysis of quality management systems. The applied value of this study is determined by the possibility of practical application of the results obtained in the course of it to develop optimal criteria for assessing the quality of the functioning of the quality management system of a construction organisation in the context of the financial aspect of its activities.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":"100 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82747762","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":"Overcoming Asymmetric Information with A Profit Sharing System at Bank Sharia : Acceleration of Theory and Practice","authors":"Muaidy Yasin, Lalu Muh. Kabul, L. Herman","doi":"10.37394/232032.2023.1.18","DOIUrl":"https://doi.org/10.37394/232032.2023.1.18","url":null,"abstract":"This study aims to examine the profit-sharing system in Islamic banks in overcoming the adverse selection issue and the practice of implementing the profit-sharing system. In this study, evaluative and descriptive methods were used. The results of this study indicate that theoretically the issue of asymmetric information can be overcome by a profit-sharing system in Islamic banks. In practice, the profit-sharing system has been implemented at Bank NTB Syariah as a superior product in productive financing. The market share of the profit-sharing system at Bank NTB Syariah was at 64.73 percent in 2019 and increased to 68.55 percent in 2020 with a growth of 35.78 percent. The Covid-19 pandemic does not significantly affect the health condition of Bank NTB Syariah where Bank NTB Syariah remains relatively healthy before and after the Covid-19 pandemic.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":"118 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74909665","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":"Optimal consumption, investment and life insurance selection under robust utilities","authors":"M. Ferreira, D. Pinheiro, S. Pinheiro","doi":"10.1142/s2424786323500160","DOIUrl":"https://doi.org/10.1142/s2424786323500160","url":null,"abstract":"We study the problem faced by a wage earner with an uncertain lifetime who has access to a Black–Scholes-type financial market consisting of one risk-free security and one risky asset. His preferences relative to consumption, investment and life insurance purchase are described by a robust expected utility. We rewrite this problem in terms of a two-player zero-sum stochastic differential game and we derive the wage earner optimal strategies for a general class of utility functions, studying the case of discounted constant relative risk aversion utility functions with more detail.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42580913","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":"An examination of impact of gold and oil prices on the stock markets indices during COVID-19","authors":"Samreen Fatima, Fouzia Sohail, Yumna Sajid","doi":"10.1142/s2424786323500111","DOIUrl":"https://doi.org/10.1142/s2424786323500111","url":null,"abstract":"Understanding stock market volatility has remained significantly important because of its diverse implications. The current pandemic COVID-19 has brutally exaggerated the financial market across the board. This study inspects the volatility of Pakistan, India and USA stock markets due to pandemic of COVID-19 using the GARCH model. Furthermore, the price of oil and gold is used as exogenous variables in the conditional mean equation of the GARCH (1,1) model to assess the volatility of stock indices KSE-100 (Pakistan), BSESN (India) and NASDAQ (USA). Moreover, the data covering the period from 1st June 2018 to 31st December 2022 are divided into pre-COVID-19 (1st June 2018 to 30th January 2020) and during-COVID-19 (31st January 2020 to 31st December 2022. Findings reveal that the stock market dependency of NASDAQ experienced oil and gold impact followed by pre-COVID-19 and during-COVID-19 periods, respectively. Whereas, the Indian stock market had a significant impact on gold and oil during the COVID-19 period but the Pakistani stock market was not influenced by oil and gold in the entire considered study period. In addition, NASDAQ market and BSESN have the highest risk-return trade-off and are more persistent followed by pre-COVID-19 and during-COVID-19 periods, respectively.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49006162","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":"Bank size and efficiency in Pakistan: Interdependency of market power and economies of scale","authors":"Mariya Ahmad Qureshi, S. Iftikhar","doi":"10.1142/s2424786323500135","DOIUrl":"https://doi.org/10.1142/s2424786323500135","url":null,"abstract":"Purpose: The key objectives of the study are to investigate whether increased bank size is essential for banking efficiency in Pakistan, further, to explore the influence of market power or economies of scale on size–efficiency relationship. Design/Methodology/Approach: The dynamic two-step system GMM approach is applied on bank-level data of a panel set of 31 commercial banks of Pakistan, over the period 2006 to 2022. For robustness, the selected period is further divided into three time spans, 2006–2010, 2011–2019, and 2019–2022, and to explore size-efficiency association among different size categories, the entire data is divided into two groups. Findings: The study reveals two key outcomes. First, size is a c ore variable in describing efficiency movement in Pakistan as a significant positive relationship is evinced between bank size and net interest margin in both groups even in the period of COVID-19. Second, both market power and economies of scale strongly influence size–efficiency relationship. However, the impact of these variables is insignificant for medium and small banks. Further, all bank-specific and macroeconomic variables are significantly allied with banking efficiency. Originality: The study is premiered to examine the bank size–efficiency relationship in the light of market power and economies of scale for the banking sector of Pakistan. The originality of this research is the deep examination of bank size–efficiency relationship with two effectual macroeconomic variables. Research Implications: The core policy implication is that size is a fundamental factor while market power and economies of scale are driving forces of size–efficiency association in Pakistan.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":"1 1","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41381736","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":"Does financial inclusion catalyze trade","authors":"Syeda Zuimah Wasim, Khurram Iftikhar, S. Rizvi","doi":"10.1142/s2424786323500093","DOIUrl":"https://doi.org/10.1142/s2424786323500093","url":null,"abstract":"This study scrutinizes the effect of financial inclusion (FI) on trade by employing the Newey West standard approach, Feasible Generalized Least Square (FGLS), Pooled Ordinary Least Square (POLS) regression, Fixed Effect Model (FEM) and Random Effect Model (REM) on 24 developing economies from 2004 to 2020. Results found strong, significant and positive association linking FI and trade. Policy recommendations are developing countries should take serious measures to deepen FI which will boost the effect on trade. Furthermore, these economies should expand trade in new markets and use formal financial institutions as channels for carrying out trade transactions.","PeriodicalId":54088,"journal":{"name":"International Journal of Financial Engineering","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46307917","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}