192 research outputs found
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The Roles of the Organization of Turkic States (OTS) in International Trade, Logistics and European Union’s (EU) Energy Supply Security
Get PDFWhile new trade routes may have been discovered, the political, economic, and commercial relations among countries may lead to a desire to reactivate old routes or increase their capacity for active use over time. In the aftermath of the Russia-Ukraine war, which is one of the most significant events happening worldwide, the impact of the Organization of Turkic States (OTS) on global trade, economic, and logistical activities has been examined. In the current research, the qualitative method was employed to conduct an in-depth examination of the role of the OTS in global trade, transportation corridors, and the EU\u27s energy supply security. For this study, secondary sources such as databases, scientific journals, books, national and international news, etc., were utilized. The research particularly highlights the quest for alternative routes in global trade, especially in recent times. In this context, it is noteworthy that Türkiye and the OTS are among the most significant partners. The presence of OTS is evident in almost all North-South and East-West oriented developed trade corridors, which supports this situation qualitatively. Additionally, the presence of OTS member countries with abundant underground resources enables the optimization of both logistics and supply elements together. This study emphasizes the significance of the OTS in the global economy and commercial activities. Particularly, it highlights the crucial role of Türkiye and OTS as a bridge between East and West, especially after the Ukraine-Russia war. The implications for the future underscore the strengths of OTS and its importance in the times to come
The Influence of Foreign Investors on the Efficiency of the Saudi Stock Market
Get PDFThis article examines whether the level of weak-form efficiency of the Saudi stock market increased following liberalization in June 2015 when the market was opened up to foreign institutional investors. The results revealed that most sample companies and the market index did not follow a random walk over the sample period. However, the random walk hypothesis was not rejected after opening the market to foreign investors. This evidence implies that the steps taken by policy-makers to liberalize the Saudi stock market appear to have had a positive impact on the level of market efficiency
Financial Innovation, Economic Growth and Sustainable Development in an Emerging Market: Nigeria
Get PDFThis paper presents recent studies on the effects of financial innovation on economic growth and sustainable development in Nigeria. The financial sectors worldwide are becoming increasingly important and competitive. Therefore, in order to compete successfully, it is necessary to possess flexibility and adaptability to change, as well as a willingness to embrace innovation. Financial markets are becoming more advanced and complex due to financial innovation, which helps direct capital towards productive sectors that are necessary for economic growth and development. The study employed time series data. Statistical data analysis techniques were employed to evaluate the secondary data on financial innovation. Research indicates that financial innovation has a significant impact on both economic growth and sustainable development in Nigeria. The study found that financial innovation variables have a positive effect. Therefore, financial institutions should prioritize easy and secure access to financial services when developing their financial innovation strategies. Regulatory bodies, on the other hand, should establish a regulatory environment that promotes innovative solutions capable of influencing economic growth and sustainable development
Unveiling the Potential and Significance of Marketing Research in the Nigerian Banking Industry
Get PDFThis research aims to assess the significance of marketing research within the Nigerian banking sector. The study pursues the following objectives: First, to appraise the potential of marketing research as a gauge for a firm\u27s advancement; second, to examine if marketing research contributes to a firm\u27s economic viability; and third, to ascertain the extent of customer satisfaction achievable through marketing research. The research employed a combined descriptive and explanatory design. Data were collected through questionnaires and supplemented by library research. Both primary and secondary data sources were utilized, and data analysis employed the chi-square statistical method at a 5% significance level. The results were presented in frequency tables and percentages. The participants in the study consisted of 67 employees from the Union Bank of Nigeria Benin branch. The central focus of this research was to highlight the significance of marketing research within the Nigerian banking sector. The findings of the study revealed that the disregard for marketing research has precipitated the premature closure of banks in the industry. Moreover, the study demonstrated that marketing research holds the potential to enhance and cultivate the banking sector. In light of these findings, it is recommended that banks should proactively engage in marketing research to foster the growth and development of the banking industry
The Hybrid Structure of Emerging Market Economies: A Political Economy Vision in the context of India, China and Russian Federation
Get PDFThis article analyzes the present and future development of national economies belonging to emerging markets (EME). Manuscript presents an interpretation of the phenomenon of system transformational shift in EME with a hybrid institutional-agency structure. To develop the arguments, this phenomenon has been considered in relation to the three largest EME - India, China and Russian Federation. The discussion section is devoted to the issue of transition in relation to existing emerging national economies. Paper draws a conclusion about the reproduction of a hybrid structure of emerging market economies, which remains different from the structures of advanced western economies. Therefore, the still widespread treatment of institutions that play a key role in self-sufficient EME as obviously imperfect does not correspond to current realities. These liberal and non-liberal institutions present the vital elements of the established hybrid structure of the economies in post-developing and after socialist countries, characterized by the absence of a clear institutional hierarchy and the relative independence of various institutional orders and agency components
Space Economy, Tourism and Logistics
Get PDFThe advancements in technology that developed with the Industrial Revolution provided people with the opportunity to explore their surroundings. Especially, the rocket technology developed during World War II paved the way for space exploration. The launching of the first satellites by Russia and the USA in 1957-58 marked the beginning of understanding the unknown and uncertainty of space. With the initiation of space research by Russia and the USA, the magnitude of the space industry has been increasing day by day. In recent times, the space economy is around 1.5 billion. Space has attracted the interest of both states and private companies. Particularly, after the 2000s, space activities have been commercialized by private companies. In this study, the space economy has been evaluated within the scope of space tourism and space logistics. Qualitative in-depth analysis and quantitative VOSviewer methods have been used together in the study. In recent times, with SpaceX\u27s reusable rocket technology, Falcon 9, a revolution has taken place in transportation and logistics in space. Also, SpaceX\u27s low-cost approach providing access to space at more affordable costs is a significant advantage for future crewed or robotic space missions. The increase in space research and travel to space, the Moon, Mars, and deep space in the future will increase the volume of space tourism and, generally, the space economy, primarily boosting the importance of space logistics as it forms the basis of this process
How Big Data Patents Affect Enterprise Data Technology\u27s Impact on Market Value and Profitability
Get PDFThis paper explores in detail the impact of enterprise data technology capabilities on market value and profits. Using big data patent statistics closely related to data collection, analysis and application as a measurement standard, the study reveals the positive role of enterprise data technology capabilities in significantly improving market value, especially in the financial and wholesale and retail industries. However, despite the huge potential, most companies still face many challenges in converting this technological advantage into actual profits, and in some cases even have an adverse impact on the profits of industrial enterprises. It is worth noting that industrial internet supplier companies have successfully achieved a double leap in market value and profits with their comprehensive investment in R&D, capital, government subsidies and IT infrastructure. Based on this, the study puts forward a series of suggestions to promote enterprises to strengthen data technology capabilities, increase complementary investments, develop diversified application scenarios and profit models, and further improve data market mechanisms and infrastructure construction to comprehensively promote the effective development and utilization of data. In order to continue to promote the development and utilization of data by various market entities in USA, it is recommended to focus on improving enterprise data technology capabilities, increase complementary investments, develop application scenarios and profit models for data technologies, cultivate professional data service institutions, and promote the construction of data factor market mechanisms and infrastructure
User Acceptance of Metaverse: Insights from Technology Acceptance Model (TAM) and Planned Behavior Theory (PBT)
Get PDFMany innovations have entered human life with the rapid development of technology and its widespread use. The adaptation process of people to these innovations is very important in terms of efficiency and sustainability. In this research, the factors affecting the acceptance of metaverse technology, which is one of the most important innovations encountered in the last period, were examined. In this context, metaverse technology was analyzed with structural equation modeling (SEM) within the scope of PBT and TAM. For analysis, the Smart PLS 3 software was used. According to the hypothesis results, a significant positive correlation was found between PU, PEOU, AT, and Intention. In addition, a significant positive correlation was found between SN and AT, and PBC. It has been analyzed that the factors affecting the metaverse usage intention of the individuals participating in the research are parallel to the literature. When we assume that the usage area of metaverse technology will become widespread in the future, it is very important to expand the studies in this field in detail
Customer Based Performance of the Hotel Industry: Analysis of Service Package and Brand Innovations
Get PDFThis study aims to examine the influence of service package and brand innovation on customer relational performance and customer profit performance of the hotel industry. Data were collected from 112 hotel operators. PLS-SEM was used to derive the path coefficient (β) and t statistics to determine the path relationship between service packages, brand innovation, customer based relational performance and customer based profit performance. This study shows that both service package and brand innovation have influence on both customer relational performance and customer profit performance. Brand innovation does not moderate the relationship between service package and customer relational performance of the hotel industry. The study findings may not be generalizable to other categories of the restaurant industry because of the relatively small sample size and the respondents selected from limited geographical area. The findings, however, will help hotel operators to implement critical packaging operations of the hotel services and improved brand innovations to elicit higher customers’ based performance. Unlike the previous studies on marketing performance, this study examines the combined effect of service package and brand innovation on customer based relational performance and customer based profit performance of the hotels
Effect of Interest Rate Spread and Bank Specific Factors on Survival of Tier-One and Tier-Two Deposit Money Banks in Nigeria
Get PDFIn today’s economic setting, there must be a healthy banking sector for banks to survive. Banks survival determine sound financial mediator in achieving economic performance. However, bank spread and unstable policies towards bank specific factors have become threat to bank survival in Nigeria. Secondary data and ex-post facto research design were used within the period of 2011-2020 for both Tier-1 and Tier-2 deposit money banks in Nigeria. The study found that interest rate spread, asset quality, management efficiency, bank size and board size affect bank survival in Nigeria. The study suggests that bank managers should give maximum attention to interest rate spread, and bank specific factor like asset quality, management efficiency, bank size and board size so as to ensure their survival