46 articles in this issue
Yaya Keho
This study re-examines the relationship between government expenditure and national income in order to test the validity of Wagner’s law for six African countries over the period from 1960 to 2013. The empirical analysis uses the Gregory and Hansen (1996)... see more
Idris Isyaku Abdullahi,Zaleha Mohd Noor,Rusmawati Said,Ahmad Zubaidi Baharumshah
The present article examined the impact of poverty on child labour prevalence across 42 developing countries based on system-GMM technique. The main result on the linkage between child labour prevalence and poverty deviated from the popular beliefs in maj... see more
Sungchan Kim,Soyoung Park
The recent subprime mortgage crisis in 2008 was considered as resulted partly from the credit rating inflation of subprime mortgage bonds. The credit rating market of state governments may face the same risk of credit rating inflation as that witnessed du... see more
Shokrollah Khajavi,Akbar Zare
This paper aims to examine the impact of audit quality on stock crash risk in Tehran Stock Exchange. Down-to-up volatility (DUVOL) and whether or not experience crash month (CRASH) have been used as two criteria to measure stock crash risk. In addition, a... see more
Kwok-Chiu Lam
Long-run equilibrium house price is determined by demand and supply factors. On the demand side, previous studies on housing prices often use gross domestic product (GDP) and population or GDP per capita as purported driver(s), yet little attention has be... see more
Evgeny A. Kuzmin
The paper deals with pressing issues in food security. The research focus is on defined specifics of a price factors’ influence on a balance in a market. The paper specifies features of food security and there is a conclusion of its division into static a... see more
Mehmet Behzat Ekinci
An economy using external resources can aim at several targets e.g. growth, public financing, covering a deficit in the balance of payments. However, external borrowing may result in some negative impacts such as a vicious cycle of increase in external de... see more
Monira Essa Aloud
We introduce a set of time series analysis indicators under an event based framework of directional changes and overshoots. Our aim is to map continuous financial market price data into the so-called Directional-Change (DC) Framework- a state based ... see more
Ghulam Mujtaba Chaudhary,Shujahat Haider Hashmi,Shahzada Aqeel Younis
This study is aimed at investigating the signaling effect of cash dividend announcements by employing the standard event methodology over the companies listed on Karachi Stock Exchange. The companies are randomly selected from different sectors that have ... see more
Mustabsar Awais,M. Fahad Laber,Nilofer Rasheed,Aisha Khursheed
Investment decision making is a very crucial process which is influenced by many factors. An important thing which is necessary to understand is the degree to which an investor can absorb the risk. This intensity of risk which can be of minimal, maximum o... see more
Serkan KÜNÜ,Sertaç HOPOGLU,Gürkan BOZMA
The relationship between defense spending and economic growth is an active topic of debate for a long time. Defense spending may have negative consequences on the growth performance of developing countries in such conflict-ridden areas as the Middle East.... see more
An event-based framework of directional changes and overshoots maps financial market price time series into the so-called Intrinsic Time where events are the time scale of the price time series. This allows for multi-scale analysis of financial data. &nbs... see more
Elena Derunova,Alexandr Semenov,Olga Balash,Anna Firsova
Currently, high technologies are a key factor and catalyst for technological modernization of the Russian economy. Effective management and development of high technologies market is the key to the transition from commodity to high-tech development. The a... see more
Shireen Rosario,Kavita Chavali
The paper is an empirical study to examine the impact of dividend announcement both cash and stock on the share price performance in Oman. A sample of 21 companies listed in MSM pertaining to different sectors which have made dividend announcement consequ... see more
Natalia Victorovna Kuznetsova
The article examines factors that motivate companies to join strategic alliances. It is shown that the factors appear in the analyzed industries in varying degrees. Industry-specific characteristics of strategic alliances are examined, and their developme... see more
Duc Cong Vu,Kihwan Lee,Hoang Long Vu
This research examines the causal nexuses of the taxations and financial elements in the synchronistic policy that Singapore has applied to radically boost its maritime & offshore fields to develop its economic growths and make Singapore to be a remarkabl... see more
Mansoor Maitah,Daniel Toth,Elena Kuzmenko,Karel Šréd,Helena Rezbová,Petra Šánová
Switzerland is a unique in its own way country which, although being located in the heart of Europe, is an independent state and non EU member. Its political structure and future development direction is very different from the rest of the Europe. Swiss e... see more
Aleksandr Pavlovich Gorbunov,Natalya Nikolaevna Gorbunova,Ekaterina Vladimirovna Efimova,Sofiya Georgievna Kilinkarova
Theoretical interpretation and applied projection of the dynamics of the innovative role of higher education as a scientific basis for developing a model of the formation and implementation of the creative and innovative potential of the Russian higher ed... see more
Vladislav V. Spitsin,Aleksandr A. Mikhalchuk,Lubov Yu. Spitsina,Nataliya A. Tyuleneva,Darya A. Novoseltseva
The article studies the impact of creation of foreign enterprises on social indicators in the developing countries. We compare social results of foreign and joint enterprises (foreign and joint ownership, FJO) and domestic enterprises (Russian ownership, ... see more
Mansoor Maitah,Helena Rezbová,Ahmed Murjan,Mustofa Jehar
To characterize the olive oil production costs and determine the optimal size of olive oil farm, a total of 130 farmers were interviewed in the region. The obtained data was subjected to regression analysis to formulate a mathematical model suitable for p... see more
Farida F. Galimulina,Alexey I. Shinkevich,Irina P. Komissarova,Albina N. Mayorova,Irina A. Astafyeva,Natalia V. Klimova,Karina R. Nabiullina,Irina V. Zhukovskaya
There is an urgent need to consider the dynamic development of the global economy from the point of view of its positive impact on competitiveness improvement in national manufacturing industries, and the best ways to&nb... see more
Kavita Chavali,M. Prasanna Mohanraj
This empirical study explores the investment pattern and financial decision making of individuals and their risk tolerance. The study has adopted financial risk tolerance scale proposed by Grable and Lytton to measure the different dimensions of financial... see more
Mansoor Maitah,Petr Procházka,Michal Cermak,Karel Šrédl
This paper is focused on evaluating the trading rule of indicator Commodity Channel Index, using selected agricultural commodities. The reason of testing is that this indicator is calculated with respect to fluctuation of commodity market – volatility. Th... see more
Marina V. Shinkevich,Alexey I. Shinkevich,Alexey D. Chudnovskiy,Irina V. Lushchik,Gulnara N. Kaigorodova,Izida I. Ishmuradova,Svetlana A. Bashkirtseva,Ludmila V. Marfina,Tatiana A. Zhuravleva
The relevance of the study is reasoned by the fact that the sustainability of innovative development cannot be fully estimated by using the parameters which are traditionally observed by the official statistical bodies, so it suggests the need to improve ... see more
Tatiana V. Malysheva,Alexey I. Shinkevich,Guzyal M. Kharisova,Yuliya V. Nuretdinova,Oleg R. Khasyanov,Ildar G. Nuretdinov,Natalia A. Zaitseva,Svetlana S. Kudryavtseva
The purpose of this article is to develop methodological approaches to the production effectiveness’s evaluating and products competitiveness’s level estimation to identify risk groups according to the products and producers, to propose targeted measures ... see more
Irina A. Zaraychenko,Aleksey I. Shinkevich,Mikhail Y. Shvetsov,Klavdiya G. Erdyneyeva,Lidiya A. Bordonskaya,Aleksandra E. Persidskaya,Sofya A. Rozhkova,Aleksandr A. Afanasyev
The urgency of the problem discussed in the article is caused by necessity to search for effective forms of innovation activities’ implementation, providing a maximizing of innovative resources’ impact by strengthening relationships between entities of th... see more
Karel Malec,Shereen Gouda,Elena Kuzmenko,Daryoush Soleimani,Helena Rezbová,Petra Šánová
The paper is focused on unemployment in Egypt during the period 2000–2013. The unemployment is slightly increasing year by year and represents serious problem because of its structure, when it is meance mainly to young absolvents of universities, which am... see more
Sapto Jumono,Noer Azam Achsani,Dedi Budiman Hakim,Muhammad Fidaus
The aim of this research is to find out the speed of adjustment and impact of market concentration on rentability (Return on Equity). From 145 banks, there were 97 banks chosen in a period of 2001-2012 as sampling of research by using purp... see more
Bee Wah TAN,Chor Foon TANG
The aim of this study is to empirically analyse the linkages among domestic investment, FDI, trade, interest rate and economic growth in the ASEAN-5 regions in the period 1970-2012. The Johansen-Juselius cointegration approach is applied to examine the lo... see more
Adil EL Fakir,Mohamed Tkiouat
In Islamic banking, the offering of a Mudaraba contract to a privately informed agent results in adverse selection. In incentive theory, a hypothesis is that the seller, in our case the Islamic bank, may offer different menu of contracts to separate non-e... see more
Karina R. Nabiullina,Aleksandra N. Nikolaeva,Ekaterina G. Egorova,Elena. A. Malova,Elena V. Petrova,Elena. A. Antipova,Georgy L. Belov,Larisa G. Vasilyeva
Market competition in all sectors of the economy calls for maximum use, activation, optimal implementation of the results of scientific and technical progress - innovations. This is necessary not discrete implementation of innovative projects and developm... see more
Natalia Alexandrovna Vorobeva,Mikhail Vladimirovich Kolesnikov
The article explores the main aspects of national policy of Japan for stimulating innovation activity in the energy industry to ensure the national energy security of Japan. Japanese government has decided to renovate the strategy of energy security in a ... see more
Kai-Ling Chen,Shen-Ho Chang,Teng-Shih Wang
This paper explores how the interaction of four conditions (chief director stability, top management stability, family business and firms with big 4 auditor) results in restatements. This paper uses qualitative comparative analysis (QCA), which is a relat... see more
Arfaoui Mongi,Haj Ali Dhouha
The present paper studies stock-commodity markets linkage using var-garch approach for the period spanning from January 3, 2000 to March 12, 2014. The analysis has been performed through three competing specifications; the var-ccc-garch, the var-bekk-garc... see more
Muhammad Mustapha Abdullahi,Nor Aznin Bt Abu Bakar,Sallahuddin B. Hassan
This is a conceptual analysis of the relationships between external debt and capital formation geared towards a proper assessment and understanding the experiences of Sub Saharan African countries external debts experiences. The study established that deb... see more
Siba Dayyabu,Ahmad Azrin Adnan,Zunaidah Sulong
The instability in the value of naira have made the Central Bank of Nigeria (CBN) a regular actor in the foreign exchange market in its efforts to stabilise the value of Naira and counter the disorderly behaviour of the market. This paper examines the eff... see more
Natalia A. Zaitseva,Irina V. Goncharova,Marina E. Androsenko
The purpose of the authors in this study was to prove the relevance of research identifying the necessity of changes in the system of training for hospitality industry and tourism in terms of import substitution. The aim of this research was to assess the... see more
Nadia Hanif,Noman Arshed
For long increasing economic growth is the major objective of macroeconomic policy makers of the country. Many studies have tried to put forward a theory which can explain the pattern of GDP growth, in this series Cobb-Douglass were most prominent in maki... see more
Nur Ainna Ramli,Gilbert Nartea
In theory, capital structure determinant is a cause-effect model. We investigate the simultaneously of cause-effect framework on the impact of specific attributes on firm’s financial performance through leverage which acts as a mediation variable. We use ... see more
Nazigul Nurlanovna Zhanakova
The rapid development of foreign trade can stimulate the development of production capacity; thereby contribute to the growth of GDP. However, if the state’s economy is growing one-sided, then the excessive dependence of the economy on the situation in th... see more
Liana Holanda N. Nobre,John E. Grable,Wesley Vieira Da Silva,Claudimar Pereira Da Veiga
The purpose of this study was to examine the extent to which risk-tolerance attitudes differ between a sample of Brazilians and Americans (N = 620). Based on the use of a variety of statistical methodologies, including regression, factor, and discriminant... see more
Esther Wanjugu Gitundu,Sifunjo E. Kisaka,Symon Kibet Kiprop,Lawrence Kangogo Kibet
This study investigated the effects of ownership and corporate governance reforms on efficiency of privatized companies in Kenya for the period 2007-2013. Data was extracted from financial reports. A unit root test examined stationarity of data. A fixed e... see more
Amin Jan,Maran Marimuthu
After the (2007-2008) subprime financial crisis considering bankruptcy evaluation for the banking industry becomes a paramount. In line of that, this study aims to analyze the bankruptcy profile of foreign vs. domestic Islamic banks in Malaysia. This stud... see more
Mohammad Salahuddin,Khorshed Alam,Lorelle Burton
This study estimates the effects of the Internet and economic growth on the accumulation of social capital (measured by trust) using panel data for 19 OECD countries for the period 1985-2012. A cross sectional dependence (CD) test is performed. Havi... see more
Babajide Abiola Ayopo,Lawal Adedoyin Isola,Somoye Russel Olukayode
This study examined the relationship between macroeconomic variable volatility and stock market return within the context of Blanchard (1981) extension of the Hicks (1937) IS-LM hypothesis, using EGARCH estimation techniques to analysis monthly data sourc... see more
Mohammad Ahmar Uddin,Syed Ahsan Jamil,Khaliquzzaman Khan
Manufacturing sector accounts for only 16% of GDP in India, while in China it is around one third of its GDP. Also the share of Indian manufacturing in the worldwide markets is dismal at 1.4%, while China it is now 13% from just 2.9% in 1990s. India also ... see more