Asian Journal of Economics, Business and Accounting
Not a member yet
2059 research outputs found
Sort by
Brain Drain in Bangladesh: Exploring Key Factors, Impacts and Strategic Policy Recommendations
No full textBrain drain is a significant concern for Bangladesh since it causes the outflow of highly trained and educated persons in quest of better opportunities elsewhere. This study aims to investigate the various causes of brain drain, with a focus on four key factors: educational, living, economic, and political environments. The research attempts to examine how these characteristics influence the decision to emigrate by conducting a quantitative analysis of 180 responses obtained using a structured questionnaire. The study uses SPSS Version 27 for statistical analysis and employs correlation and regression techniques to assess the link between these parameters and the possibility of emigration. A theoretical framework that conceptualizes these characteristics as independent variables influencing the decision to consider emigration serves as the foundation for the research. Preliminary findings show that, while all four factors are important, living conditions have the most negative link with the intention to emigrate, implying that improving living standards in Bangladesh could effectively prevent brain drain. The study recommends enhancing educational infrastructure, improving job opportunities, ensuring political stability, and implementing economic reforms to create a more conducive environment for talent retention. The study not only helps to a better knowledge of emigration dynamics in underdeveloped countries, but it also provides policymakers with insights into how to retain talent in Bangladesh
Trade Openness, Exchange Rate Dynamics and Unemployment in ECOWAS Countries: A Panel Econometric Analysis
No full textAims: This study examined the relationship between trade openness, exchange rates, and unemployment in ECOWAS countries. It investigated whether increased trade openness reduces or exacerbates unemployment and how exchange rate fluctuations impact labor markets. The analysis is grounded in a theoretical framework that integrates trade theory, labor market dynamics, and macroeconomic stability to contextualize the empirical findings.
Study Design: A panel econometric approach was employed, utilizing both Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) methods to ensure robust estimates.
Place and Duration of Study: The study covered 15 ECOWAS countries, with panel data spanning from 1991 to 2020, sourced from the World Bank Development Indicators (WDI).
Methodology: The research applied panel unit root tests (Im, Pesaran, and Shin; ADF; and Phillips-Perron) to determine variable stationarity. Pedroni co-integration tests confirm long- term relationships among trade openness, exchange rates, GDP, population growth, and unemployment. The FMOLS and DOLS models are then used to estimate the effects of these variables on unemployment.
Results: Findings indicate that trade openness has a positive and statistically significant effect on unemployment (FMOLS: 5.43, p<0.01; DOLS: 2.71, p<0.01), suggesting that increased trade is associated with higher unemployment. Conversely, exchange rates (FMOLS: -3.47, p<0.01; DOLS: -3.63, p<0.01) and GDP growth (FMOLS: -3.26, p<0.01; DOLS: -2.48, p<0.01) negatively correlate with unemployment, implying that economic growth and stable exchange rates help reduce joblessness. The population growth rate is significant in the DOLS model (1.87, p<0.10), indicating a nuanced effect on unemployment. The models demonstrate high explanatory power (R² = 0.88 for FMOLS; R² = 0.95 for DOLS).
Conclusion: The study highlights the complex interplay between trade, exchange rates, and employment in ECOWAS countries. Policymakers should balance trade policies with labor market reforms to mitigate unemployment. Stabilizing exchange rates and fostering economic growth through industrial and workforce development programs are crucial strategies for sustainable employment generation. However, the study acknowledges limitations, including potential omitted variable bias and the challenges of generalizing findings across diverse economies. Future research could explore sector-specific impacts of trade openness and exchange rate volatility, as well as the role of institutional quality in shaping labor market outcomes
Mapping the Impact of Skill Development on Sustainable Livelihoods of Tribal Youth: A Bibliometric Approach
No full textIn order to increase employability, productivity, and economic resilience and support sustainable livelihoods particularly for tribal youth’s skill development is essential. By analysing academic literatures from Scopus databases, this study does a bibliometric analysis from 1999 to 2025 to identify scholarly studies that map the effect of skill development on sustainable livelihoods. This study aims to conduct a bibliometric analysis of research on sustainable livelihood through skill development, using VOS viewer to map scholarly contributions, co-authorship networks, citation patterns, and thematic clusters. The goal is to identify research gaps and provide insights into the evolving discourse on this topic. The findings of the study reveal that skill development is a fundamental driver of sustainable livelihoods, but its success depends on a multi-faceted approach that considers economic, social, and environmental dimensions. Strategic interventions that align with local needs, technological advancements, and inclusive development models have the potential to create lasting positive impacts on livelihoods worldwide. Policymakers, educators, and academics who want to improve the efficacy of skill development programs for sustainable livelihoods would find this bibliometric study to be quite insightful. As this study is based on bibliometric analysis it considers the literatures developed across the globe during the study period in general, but it focuses on the Indian subcontinent in particular
Determining the Relationship between Financial Planning and Financial Accountability in Bushenyi District Local Government, Uganda
No full textIn recent years, the adoption of Integrated Financial Management Information Systems (IFMIS) has been instrumental in promoting fiscal transparency, enhancing financial oversight, and optimizing resource allocation in government sectors globally World Bank (2022). This study examined the relationship between financial planning and financial accountability within Bushenyi District Local Government in Uganda. A quantitative approach was employed, with 124 respondents completing self-administered questionnaires. The results showed a weak and statistically insignificant link between financial planning and financial accountability (t = -0.421, P = 0.674; P>0.05). Notably, the study revealed that while IFMIS-facilitated financial planning has limited impact on financial accountability, robust financial planning is essential for ensuring accountability. To strengthen financial accountability, the study proposes streamlining financial planning processes, enhancing financial planning systems, fortifying internal controls, and providing targeted training for staff. By implementing these recommendations, Bushenyi District Local Government can bolster public resource management and enhance financial accountability
Value Relevance of Family-Owned Listed Firms’ Accounting Information in Nigeria
No full textThe study investigates value relevance of accounting information of rarely examined family-owned listed firms in a developing economy, Nigeria. This becomes expedient because of the firms’ exposure to sustainability issue, governance, and financial challenges. Longitudinal research design was employed as the study covered International Financial Reporting Standards’ (IFRS) reporting regime from 2013 to 2022. Secondary data were obtained from purposively selected 34 listed family-owned firms using MachameRatios databank. The data were subjected to both descriptive and panel regression analyses. The results of the Ohlson based price model present value relevance of the listed firms’ earnings and book value of equity, but more for the latter. Firm size displays positive and significant controlling influence on the relationship between the accounting information and share price. The trend analysis shows crisscrossed value relevance of the accounting numbers individually and jointly all through the period under investigation. It was concluded that book value of equity of family-owned listed firms presents higher value relevance in the capital market over earnings consistent with extant studies, but firm size impounds controlling influence. The study recommends that Management of the listed firms should consider enhancing future value of the investors’ stakes by making the earnings more attractive to the potential investors and other capital market players. Thus, the results have implications for the Management of family-owned listed firms, potential investors and the market regulators towards ensuring sustainable corporate economic performance
Eradicating Household Poverty in Emerging Economies through Government Change Management Strategies
No full textEradicating household poverty requires an integrated strategy that combines financial resource mobilisation, governance efficiency, and effective monitoring and evaluation systems. Change management strategies are essential in ensuring that poverty reduction initiatives at the household level remain flexible, efficient, and impactful. This study utilizes a qualitative research methodology, adopting a literature review approach to evaluate the effectiveness of adaptive governance, financial resource mobilization, and monitoring and evaluation in poverty reduction initiatives. A thematic analysis method organizes and interprets the data, enabling a comprehensive assessment of policy frameworks and implementation strategies. Secondary data from reputable sources, including the World Bank and national governments, support the evaluation of governance models, financial planning, and monitoring mechanisms in poverty reduction efforts. Findings indicate that adopting diversified funding approaches strengthens household financial stability and resilience. Reinforcing governance structures and applying strict financial oversight mechanisms reduce the risk of fund misallocation, ensuring that resources effectively reach target beneficiaries. Technology-driven monitoring and evaluation frameworks enhance program responsiveness through real-time data collection and feedback loops. Engaging communities, investing in capacity-building initiatives, and ensuring policy adaptability contribute to household economic empowerment and sustained poverty alleviation. Persistent challenges such as financial mismanagement, restricted access to credit, and socio-economic barriers continue to hinder progress. This study concludes that implementing change management strategies, promoting inclusive financial planning, and adopting adaptive governance models improve the effectiveness of household poverty eradication efforts. These approaches provide policymakers and development practitioners valuable insights into innovative and sustainable strategies for enhancing household economic resilience and reducing poverty
Research on the Path and Strategy of Coordinated Development of the Supply Chain in the Huaihai Economic Zone under the Framework of RCEP
No full textThis paper aims to explore the paths and strategies of the coordinated development of supply chain in Huaihai Economic Zone under the framework of Regional Comprehensive Economic Partnership (RCEP). Through the detailed interpretation of RCEP, combined with the economic background, current situation and challenges of Huaihai Economic Zone, this paper puts forward a series of targeted and forward-looking coordinated development strategies of supply chain, aiming to promote the Huaihai Economic Zone to achieve higher quality and more sustainable development under the background of global economic integration
Impact of Greenhouse Gas Characteristics Disclosure on the Market Value of Oil and Gas Companies in Nigeria
No full textThis study examines the impact of emissions, effluents, and waste management disclosures on the market value of oil and gas firms in Nigeria. Specifically, it aims to evaluate the effects of emissions and effluents disclosure and waste management disclosure on the market capitalisation of these firms. The population of the study is made up of nine (9) publicly oil and gas companies listed on the Nigerian Exchange Group (NGX) as at December 31, 2023. The purposive sampling technique was used to select five (5) of the companies that provide substantial environmental disclosures in their annual reports. Data, covering the period 2015-2023, were collected from the NGX Fact Book and annual reports of the companies selected. The paper employed descriptive statistics to present data characteristics while correlation analysis explored the relationships between environmental disclosures and market value. To assess how these disclosures predict market value, multivariate regression analysis was conducted. The statistical analysis was performed using Jamovi software (Version 2.3.28). The findings indicate that emissions and effluents disclosure has a negative and statistically insignificant effect on market value while waste management disclosure had a positive and significant effect on market value The study concludes that emissions and effluent disclosures is insignificant, while waste management disclosures significantly boost market value in Nigerian oil and gas companies. This study contributes to the literature on environmental disclosures in Nigeria\u27s oil and gas sector, and recommends improved transparency in reporting practices to enhance market competitiveness
External and Domestic Debt: Which is More Beneficial for Long-term Economic Growth?
No full textFrom 1991 to 2022, the impact of public debt on India\u27s economic growth is a multifaceted issue including a variety of social, political, and economic factors. Some argue that India\u27s economy is suffering as a result of global economic concerns like recessions or depressions in other countries. As a result, the government must obtain loans to compensate the loss.
The study attempted to explore the impact of public debt on India\u27s economic growth between 1991 and 2022. It highlights two main perspectives on the debt crisis: global economic changes and domestic policy errors. Domestic debt has a coefficient of 0.056 and a p-value of 0.027, suggesting a positive and significant association with the dependent variable. External debt has a coefficient of 0.926 and a p-value of 0.0003, showing a strong and statistically significant positive association with the dependent variable.
While borrowing is essential for capital-scarce economies like India to stimulate development, empirical research often shows a negative correlation between public debt and long-term growth. The study found that prudent debt management and using borrowed funds to diversify the economy can help generate resources to repay obligations without harming economic stability. Policymakers should use borrowed funds to diversify productive capacities, discourage excessive foreign borrowing, and balance fiscal stimulus with sustainable debt levels
Ransomware and the Vulnerability of Critical Infrastructure: A National Security and Economic Analysis
No full textObjective: This study examines the fast-growing threat of ransomware attacks on critical infrastructure and their implications for national security and economic stability. It explores the evolution of ransomware, its financial and operational impact on key sectors, and strategies for combating its effects.
Study Design: A detailed review of existing literature, case studies, and industry reports between 2018 and 2024 to assess the recent trends and impact of ransomware attacks on national infrastructure.
Methodology: The research draws from peer-reviewed journal articles, government reports, and cybersecurity industry analyses. It follows a qualitative review approach, including data visualization to represent trends in ransomware incidents, economic losses, and sector-specific vulnerabilities.
Results: The rate of ransomware attacks have increased in number and in degree of threat, with key sectors such as healthcare, energy, and government infrastructure and organizations facing the most attacks. Additionally, the rise of Ransomware-as-a-Service (RaaS) has lowered the barrier for cybercriminals, further increasing the financial and economic damages. Some case studies, mentioned include the Colonial Pipeline, Royal mail and other popular attacks, highlighting the high costs associated with recovery and response.
Conclusions: Ransomware remains a significant economic and security challenge. Strengthening oversight, investing in AI-driven threat detection, and enhancing public-private collaboration are crucial to mitigating risks. Future research should explore evolving cybercrime tactics, international policy frameworks, and proactive defense mechanisms