Scientific Publishing Institute (SPI): E-Journals
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Research on the path of digital economy to solve the fairness and efficiency problems of Chinese modernization
Full text linkFirst of all, the research purpose of this paper is to solve the problem of the lack of Chinese-style modernization theory in the process of the coordinated development of efficiency and equity in the development of China's digital economy. Secondly, this paper mainly uses analogical reasoning and literature research. In the first step, by summarizing and comparing the economic theories used by Chinese researchers in the past to solve the problems of China's economic development, the problem of the lack of Chinese-style modernization theory is found. In the second step, this paper deduces the theoretical hypothesis of "synergistic cycle perpetuity theory" by collating and modifying Muir dahl's cyclic accumulation theory and David Harvey's three-level capital cycle theory. Finally, through the research of this paper, it is found that the theory of "collaborative cycle sustainability theory" hypothesis can adapt to the characteristics of the digital economy, and then effectively promote the coordinated development of efficiency and equity, which is helpful to solve the problem of equity imbalance that has emerged in the early industrial economy era of China
Investigating the effects of logistics management on organizational performance: New evidence from the manufacturing industry
Full text linkThe goal of this study is to determine how logistics management affects the organizational performance of ten Ghanaian roofing sheet manufacturing companies. To analyze the influence of logistics management on organizational outcome, the researchers employed multiple linear regression. The findings showed that the aspects of logistics management that have a beneficial impact on organizational performance include inventory management, physical distribution, and warehouse management. Logistics plays an important role in supporting organizations as they strive for more efficient management systems. Better implementation of inventory management, transportation management, physical distribution, and warehousing management procedures in logistics management will help manufacturing firms to improve their performance
Information disclosure and SME financing: A study of firms in the ASEAN region
Full text linkThis study investigates the impact of information and communication technology (ICT) and audited financial statements on small and medium enterprise (SME) financing, as well as their influence on SMEs’ collateral issues in acquiring bank loans, based on the information asymmetry theory. The study applies the ordinary least squares (OLS) test, the two-stage least squares test, and the probit regression model for the analysis. The sample consists of 12,165 firms in eight ASEAN countries between 2009 and 2018. The data used in the analysis was sourced from the Business Environment and Enterprise Performance Surveys (BEEPS) provided by the World Bank. The results reveal that financial statements and ICT have a positive relationship with SMEs’ bank credit accessibility and a negative relationship with collateral issues faced by SMEs in accessing bank loans. Thus, SMEs that use financial statements and ICT have more financing opportunities than those that don’t. The impacts of financial statements and ICT are stronger in counties with a more developed financial infrastructure. Additionally, this study found that economic development enables SMEs to access cheaper finance and mitigate collateral problems. These outcomes contribute to the enhancement of SME financing and promote SMEs’ information disclosure in the ASEAN region. Promoting SMEs’ information disclosure is also crucial for banks in mitigating bad debt. Therefore, encouraging and supporting SMEs to adopt financial statements and ICT can be beneficial to both SMEs and banks
Beyond economic growth: How Indonesia’s 2045 vision prioritized reducing income inequality?
Full text linkThis study aims to identify critical success factors for reducing income inequality in Indonesia by analysing the country's 2045 vision. This study employs a qualitative research design that utilises secondary data sources. Strength, Weakness, Opportunities and Threats (SWOT) analysis is used as the primary analytical tool to examine the critical success factors that influence Indonesia's economic growth in achieving its 2045 vision. The study reveals that Indonesia faces numerous challenges in reducing income inequality. However, by leveraging its strengths, Indonesia can reduce income inequality and become one of the world's top economies. Furthermore, the study identifies potential opportunities that could contribute to Indonesia's economic growth. The study concludes that Indonesia needs to focus on strength-opportunities (SO) strategies to achieve its 2045 vision and reduce income inequality by taking advantage of its strengths and potential opportunities. The study's findings have practical implications for policymakers and business leaders in Indonesia. The government needs to prioritise country strength to promote economic growth and reduce income inequality. Additionally, the private sector could explore the potential opportunities in the digital and manufacturing transformations to contribute to Indonesia's economic growth
Social media and student academic performance: A cross-country analysis using PISA 2018
Full text linkThe pervasive use of social media is reshaping how the emerging generation communicates, learns, and thinks. As such, examining its impact on academic performance has grown increasingly important. The purpose of this study is to investigate the effects of social media usage on students’ learning outcomes, using data from the Programme for International Student Assessment (PISA) 2018 database. In order to eliminate selection bias and assess the causal effect of using social media on learning, this research used propensity score matching (PSM) as an approach. By conducting analyses in each participating country, we were able to observe how the effects of social media use for school learning vary in different social, cultural, and political contexts. After obtaining the average treatment effects of each country, we find that the effects of social media use on learning varied significantly by country. In countries such as Mexico and Turkey, a positive relationship was observed between social media usage for academic purposes and student performance. Conversely, in countries such as the US and UK, a negative relationship was evident. Although the reasons behind these contrasting outcomes across countries remain outside the scope of this paper, the conclusions and practical implications are presented with caution, acknowledging the limitations of our research and indicating potential areas for further exploration
The trilateral game of privacy perception, financial regulation and central bank digital currency issuance
Full text linkThe goal of this study is to clarify how privacy protection affects the insurance of central bank digital currency (CBDC). By constructing a tripartite game model involving consumers, commercial banks, and regulators, this paper explores the impact of privacy protection on the issuance of CBDC. The findings show that privacy protection is critical to ensuring successful adoption of CBDCs. The central bank must strike a balance between protecting user privacy while also regulating usage and ensuring convenience for users. However, due to opportunistic behavior by both commercial banks and consumers during this process, negative reactions are possible. Based on the findings of this research, it is suggested that central banks should encourage commercial banks to participate in CBDC issuance by promoting appropriate data sharing and offering guidance. Additionally, they should focus on consumer education and expectation management to promote CBDC adoption. Commercial banks must also embrace digital transformation and adapt to the changing financial landscape to remain competitive while providing innovative financial services to customers
Credit risk management and deposit money banks’ profitability in Nigeria: A panel data regression approach
Full text linkThis study investigates the impact of credit risk management on DMBs’ profitability in Nigeria using panel data covering a time period of 11 years, from 2009 to 2019. The longitudinal research design was adopted since the data spanned a specific timeframe. Three different models were estimated with ROA, ROE and ROI serving as the dependent variables, while NPL, LLP, BL and BS constituted the independent variables across the three models. The findings of the study showed that both the NPL and BL variables exerted negative impacts on ROA, ROE and ROI across the three models. The LP variable exerted a positive impact on ROA in model one, but showed negative impacts on ROA, ROE and ROI in models two and three. The adjusted R-squared values of 0.17, 0.59 and 0.67 suggest that the explanatory powers of the independent variables are somewhat low. The values of the DW statistics stood at 2.01, 2.23, and 2.11, indicating that the respective estimated models were free from the presence of autocorrelations. Based on these empirical findings, the study concluded that effective CRM strategies are a panacea for enhancing DMBs’ profitability. It is, therefore, strongly recommended that both the regulatory authorities and the top management of the DMBs in Nigeria should, as a matter of urgency and deliberate efforts, introduce appropriate CRM policies that are designed to reduce the already high profiles of NPL and LLP to increase profitability among the DMBs
Equity incentive, separation of two rights and corporate performance: research on corporate governance based on two types of agency costs
Full text linkThis paper discusses the impact of equity incentive and the separation of two rights on corporate performance and the intermediary role of two kinds of agency costs by using the revised stepwise method taking A-share listed companies as the research object and using the Jones model to remove the impact of earnings management on corporate performance. The classification of industry and nature is introduced to further judge the heterogeneity of the conclusions. The results show that equity incentive can significantly reduce the first kind of agency cost and improve corporate performance, but the intermediary effect of the first kind of agency cost between equity incentive and corporate performance is not significant. Limiting the degree of separation of the two rights can significantly reduce the second kind of agency cost to improve corporate performance, and the second kind of agency cost has a partial intermediary effect between the degree of separation of the two rights and corporate performance. The results of different industries are heterogeneous and need to be treated differently. It is further found that non-state-owned enterprises can improve corporate performance through governance measures, but state-owned enterprises have not achieved a significant governance effect. This paper clarifies the black box between corporate governance and corporate performance from the effects of the two types of agency costs and effectively supplements the existing research system, which also provides a reference for market regulators to formulate policies
Sustainability reporting and financial performance of listed financial firms in Kenya
Full text linkFinancial sector stability is vital for the realization of economic development. Failure to incorporate environmental, social and governance (ESG) elements into corporate strategies can lead to corporate failure. Through the adoption of a descriptive research design, this study aims to determine the relationship between sustainability reporting and the financial performance of financial companies listed on the Nairobi Securities Exchange (NSE) in Kenya. Through the census method, the study population of twenty-three listed financial firms was obtained, and secondary data for the period from 2015 to 2021 was extracted through content analysis. Data on predictor variables were obtained through a document check index utilizing a non-refined exploratory factor analysis, while data on the response variable were obtained directly from annual reports. The data were analyzed through descriptive and inferential statistics. Modelling was further adopted through feasible generalized least squares (FGLS) to counter the problem of first order serial correlation. The findings indicate a positive and significant relationship between ESG reporting and the financial performance of listed financial firms in Kenya. The results imply that firms should embrace sustainability since ESG drives corporate strategies and will help firms to improve their performance, which will bring improved resilience. Focus on the triple bottom line enables value maximization for the three Ps – profit, people, and planet – thus facilitating sustainable development. The harmonization of reporting guidelines which is process-driven rather than content-driven will minimize greenwashing by firms. Lastly, industry players should ensure the availability and quality of ESG data
Research on the role of internal audits in ensuring the effectiveness of internal control systems in the Turkish public sector
Full text linkThe purpose of this research is to investigate the role of internal audit units in Turkish public administrations in ensuring and improving the effectiveness of their internal control systems within the framework of the internal control components of the Public Internal Control Standards, determined on the basis of the COSO (Committee of Sponsoring Organizations of the Treadway Commission) model. In our study, the survey method was used to collect data, and questions were answered according to a five-point Likert scale. In order to obtain evidence for the construct validity of the developed scale, a factor analysis was performed, and the components were examined in line with the factor analysis. In this context, statistical data obtained for each research question were examined with a one-way analysis of variance, a t-test and a factor analysis to determine whether there was a significant difference according to gender, experience in the field of auditing, education level, type of administration, or certification variables. The survey study was conducted among internal auditors who work in public administration in Turkey. It was determined that the internal auditors do not get sufficient support from senior management and employees in terms of organizational structure to ensure the effectiveness of the internal control system