Journal of Economics, Finance and Management Studies

Journal of Economics, Finance and Management Studies

Basic info

  • Publisher: JEFMS
  • Country of publisher: united states
  • Date added to EuroPub: 2020/Jun/24

Subject and more

  • LCC Subject Category: Economics, Business, Finance, Management, Banks and Banking, Accounting, Marketing
  • Publisher's keywords: Economics, Finance, Human Resources and Training, Banking, Accounting, Entrepreneurship
  • Language of fulltext: english
  • Time from submission to publication: weeks

Publication charges

  • Article Processing Charges (APCs): No
  • Submission charges: No
  • Waiver policy for charges? No

Open access & licensing

  • Type of License:
  • License terms
  • Open Access Statement: No
  • Year open access content began: 2018
  • Does the author retain unrestricted copyright? False
  • Does the author retain publishing rights? False

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This journal has '17' articles

Free Trade Agreements: Opportunity or Threat to the Moroccan Economy?

Free Trade Agreements: Opportunity or Threat to the Moroccan Economy?

Authors: Daifi Sara, Lemkadem Ilyas, Echaoui Abdellah
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Abstract

The world has witnessed a gradual Evolution of international trade for about a century. Since the establishment of the World Trade Organization (WTO) in 1995, trade openness has become an inevitable choice for countries in various Sectors of activity. In this work, we will identify the impact of globalization on the Moroccan economy. Starting from the processed data, we can conclude that leaves Trade Liberalization many doubts as to the attainment of the objective of free trade expected. Rather it is the partner countries of Morocco that benefit from it. And in order to remedy this situation it is Necessary to analyze the Conditions That Increase this gain by exploring the limits of the growth potential of the national economy.

Keywords: Free trade agreements, regionalization, economic Liberalization, Trade Liberalization, Economic Growth.
COVID-19 Uncertainty and Monetarypolicy

COVID-19 Uncertainty and Monetarypolicy

Authors: Christian P. Pinshi
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Abstract

The COVID-19 pandemicis influencing the management of monetarypolicy in its role as regulator of aggregate demand and guarantor of macroeconomicstability. We use a Bayesian VAR framework (BVAR) to provide an analysis of the COVID-19 uncertainty shock on the economy and monetarypolicy response. This analysis shows important conclusions. The uncertainty effect of COVID-19 hits unprecedented aggregate demand and the economy. In addition, it undermines monetary policy action to soften this fall in aggregate demand and curb inflation impacted by the exchange rate effect. We suggest a development of unconventional devices for a gradual recovery of the economy.

Keywords: Uncertainty, COVID-19, Monetarypolicy, Bayesian VAR
Rethinking Error Correction Model in Macroeconometric analysis: A Relevant Review

Rethinking Error Correction Model in Macroeconometric analysis: A Relevant Review

Authors: Christian P. Pinshi
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Abstract

The cointégration methodology has bridged the growing gap between economists and econometricians in understanding dynamics, equilibrium and bias on the reliability of macroeconomic and financial analysis, which is subject to nonstationary behavior. This paper proposes a comprehensive literature review on the relevance of the error correction model. Econometricians and economists have shown that error-correction model is a powerful machine that provides the economic system and macroeconomic policy with a refinement in the econometric results1.

Keywords: Cointegration, Error correction model, Macroeconomics
Democratic Republic of Congo and Crisis of Leadership (2016-2018)

Democratic Republic of Congo and Crisis of Leadership (2016-2018)

Authors: Jibrin Ubale Yahaya, PhD, Musa Mohammed Bello
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Abstract

Democratic Republic of the Congo (DRC) has experience some leadership crisis since the time it gains its independence in 1960, the country’s leadership has been lacking three attributes of the utmost importance to the attaining of development which has temper with a real vision for the DRC’s future, which includes lack of competence and inability to execute the vision, and the character needed to ensure the realization of the vision with sound judgment, integrity, and equity. The paper has a finding from the literature reviewed on the DRC’s past patterns of poor governance, a clear and practical vision for the country’s future was not articulated and implemented, which has failed in developing concerted effort from a new and energized leadership that can move the Congo to the next level of development and prosperity. The paper has of the view that Congo must open up for various opportunities and avenues for reform in revamping democratic governance and electoral reform, promoting economic growth by moving beyond aid and creating a favorable environment for investment, reforming the mining sector, improving the health and education systems, and strengthening the DRC’s judiciary. The county needs leaders who are committed towards developing DRC. Secondly, well-organized and invigorated Congolese Diaspora must join hands with Congolese living in the DRC to work toward the reforms.

Keywords: Leadership Crisis, Corruption, Vision, Prosperity.
The Determinants of Customer Satisfaction in Business-To-Consumer: A Multidimensional Approach Applied to Mobile Telephony Services in the Cameroonian Context

The Determinants of Customer Satisfaction in Business-To-Consumer: A Multidimensional Approach Applied to Mobile Telephony Services in the Cameroonian Context

Authors: Nguebang tazangmo hervé francis, Douanla jean, Tchoffo tameko gautier
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Abstract

This exploration is part of a logic of continuous improvement in customer satisfaction. The aim is to determine the explanatory factors of customer satisfaction in business-to-consumer of mobile telephony services in the Cameroonian context. The documentary research made it possible to identify the theoretical approach. A sample survey helped in the methodological approach to data collection via a questionnaire administered to a convenience sample made up of 399 mobile phone subscribers. The structural equation model for testing hypotheses is used and the results show that the processing of customer complaints and the perceived quality of service better explain the overall customers satisfaction in business-to-consumer in the Cameroonian context.

Keywords: Determinants, satisfaction, Business-to-consumer, Mobile phone, Service.
Malaysia National Education Blueprint: An Overview on the Policy of Recruitment and Selection of Teachers

Malaysia National Education Blueprint: An Overview on the Policy of Recruitment and Selection of Teachers

Authors: Syed MuhamadUbaidillah bin Syed Husin
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Abstract

The purpose of this study was to explore the policy of recruitment and selection of teachers and their impacts on organizational performance.It was to find out the impacts and the challenges associated with the poor teacher recruitment and selection practice and ways to help improve human resource planning and development. High turnover, teacher quality, retraining of teacher and organization’s goals were amongst the issues. Special reference was given to the latest Malaysia’s educational policy - Malaysia National Education Blueprint (2013-2025) (MNEB). The study tries to answer three questions namely; Why the Blueprint has included human resource management (HRM) in its transformation program as one of the key initiatives?How far is the influence of Teachers’ Unions in the making of Human Resource policy in education and to what extent the existing recruitment and selection policy has given impacts to the country’s educational system?.

Keywords: Human Resource Management, teacher, recruitment and selection, retraining, Malaysia National Education Blueprint.
Proposition of a Macro Health Index in the World

Proposition of a Macro Health Index in the World

Authors: Rodrigue N Tchoffo, Dany T Dombou, Achille T Tanga, Guivis Z Nkemgha
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Abstract

This article provides an aggregated indicator of health in the world from a macroeconomic perspective. Using World Bank Data Based on a sample of 178 countries and regions covering the period 1995-2014, we adopt the principal component analysis (PCA) to estimate the new indicator. The main results are as follows: the new indicator belongs to -5.375 and 4.239, where -5.375 is the score recorded by the worst-ranked country while 4.239 is the highest score recorded. In 2014, 69% of the sample have an index greater than the average of zero because of the normalization of data in ACP. The remaining 31% are mainly found in Africa, mostly in the Sub-Saharan regions.

Keywords: Principal Component Analysis Health Utility Index
Performance Mea surement Systems in Quick Service Restaurant Chains

Performance Mea surement Systems in Quick Service Restaurant Chains

Authors: Dr. Muhammad abd elmonem ebrahem abdelsalam, Remon Samir Fouad
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Abstract

Measuring performance becomes a key issue in both academia and business, as organizations are challenged to obtain efficient and effective outcomes. This research explores the effectiveness of current PMSs in QSR chains. This research also identifies best practices and proposes a set of recommendations for QSR chains enabling them to enhance their management practices towards the proper use of PMSs to achieve their strategic plan and accomplish their objectives. To achieve this aim a self-administrated questionnaire was directed to a random sample of restaurant managers in the investigated QSR chains. A number of 200 forms was distributed, among them 124 forms (62%) were completed and valid for analysis. The major findings showed that the BSC and the KPIs systems are widely used by QSR chains and those were classified as systems that can be easily adapted to service organizations. Moreover, the results showed that the major barrier for implementing the PMS in QSR chains is the lack of employee and management support.

Keywords: Performance measurement systems (PMSs), performance measurement (PM), quick service restaurants (QSRs), balanced scorecard (BSC).
Context of Organization and its Scientific Approach

Context of Organization and its Scientific Approach

Authors: Mr. Kenan Spaho
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Abstract

The topic of this paper is context of organization as a new element of international standard for quality management ISO 9001:2015. By applying a scientific approach, we presented some key elements of internal and external context of organization. From the point of view of internal context, we defined the following elements: organizational structure, leadership styles, and organizational culture. From the point of view of external context, we focused on stakeholder relationship.

Keywords: leadership, organization, stakeholders, strategy
Relationship between Export Diversification and Economic Growth, Case of Tunisia (1987-2015)

Relationship between Export Diversification and Economic Growth, Case of Tunisia (1987-2015)

Authors: ALOUANI Ahmed, Ismahène ABID
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Abstract

If in the empirical literature, the postive relationship between divisification of exports and growth has been detected. However, this relationship does not always come out. As an indication and as we have argued, Michaely (1977), for example, has found a significant positive link between exports and economic growth only in the most developed countries. This was not the case in the least developed countries. In our study concerning Tunisia, we concluded that this relationship, indeed, exists. In this study we chose as period: 1987-2015. On the econometric side, we used the co-integration method. According to the results of the analysis, we found that exports, especially agricultural exports, have a positive effect on long-term growth. Hence, investments in the production of exportable agricultural goods must be encouraged.

Keywords: Growth, diversification, exports, agricultural exports, Tunisia, positive relationship, co-integration
Effect of Organizational Downsizing on Job Satisfaction of Surviving Employees at Vodafone Ghana

Effect of Organizational Downsizing on Job Satisfaction of Surviving Employees at Vodafone Ghana

Authors: Isaac Nti Ofori Ph.D, Ifediba Margaret-Mary, C, Onyeaghala Obioma H, Ph.D and Bruce Zilpah
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Abstract

This study is aimed at investigating the effect of downsizing on the job satisfaction of surviving employees at Vodafone branch, Ghana. The study specially sought to find out if there was any sex, job status or age differences in job satisfaction among survivors of downsizing at Vodafone Ghana. This research employed the survey research approach. The study population included the staff of Vodafone Ghana, Osu branch. A total of 68 respondents were drawn from various departments of the organization out of 97 for the study using convenience as well as purposive sampling techniques. A Likert scale-typed questionnaire was used with responses ranging from strongly disagree, disagree, Uncertain, agree and strongly agree. Quantitative data analysis was done using computer software: Ms Excel and SPSS. Data collected was analyzed using both interpretive and statistical methods. In all, the study tested three hypotheses. Results of the study indicated that, there were no gender differences in job satisfaction among survivors of downsizing. Again, contrary to the hypothesis stated, age was not found to affect the job satisfaction of survivors of downsizing. However results of the study showed that survivors of downsizing experienced less job satisfaction than their senior counterparts. Based on the findings from the study, the following recommendations among others are put forward: For downsizing to be effective and strategically beneficial, an implementation plan must be in place. It is also recommended that management should involve employees in the process, and communicate comprehensively reasons for the downsizing. Further research on the effects of downsizing on survivors will serve to further refine the relationships as presented, or add data sufficient to assess those variables not used in this study and in addition, may identify new variables not currently identified as potentially relevant to downsizing.

Keywords: Down-sizing, retrenchment, down-scaling, down-scoping, Line-pruning.
Assessment of Disclosure of Financial Information of Selected Insurance Companies in Bangladesh with IASS and IFRSs

Assessment of Disclosure of Financial Information of Selected Insurance Companies in Bangladesh with IASS and IFRSs

Authors: Md. Mirajur Rahman
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Abstract

This paper reviews on the assessment of disclosure of financial information in annual reports of selected insurance companies in Bangladesh and discusses the level disclosures with IASs and IFRSs. Increasingly, the credibility of the annual report does not rely so much on the requirement for the measurement to be accurate, but, to start with, on the relevance of the chosen indicators. The purpose of this study is to identify content analysis using IASs and IFRSs Disclosure to understand more about the effectiveness of financial reporting. Effective financial reporting disclose required information that measures the strength of any company. In order to remove the asymmetry of accounting information worldly, this study has been focused on to analyze getting the actual scenario of disclosure with IFRSs and benefits of fully application of its for insurance companies. Assessing the reports of selected insurance companies, it was seen that the most insurance companies have poor application of IFRSs Disclosure. With the evidence, this study has tried to present the scenario of disclosure with IFRSs in annual reports.

Keywords: IAS, IFRS, Disclosure, Insurance Company, Annual Report
Business Environment and Economic Growth: Further Empirical Results

Business Environment and Economic Growth: Further Empirical Results

Authors: Minh Quang Dao
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Abstract

This paper examines the impact of the business environment on economic growth using several samples of both developed and developing countries. Based on data from the World Bank for the 2000- 2015 period for a sample of 114 developed and developing economies, when using the Bank’s Doing Business Indicators as proxies for business-friendly economic policies (also referred to as objective measures of business regulations, we find that the growth rate of GDP is dependent on a country’s growth rate of arable land per capita, its share of gross capital formation in the GDP, its labor force growth rate, the growth rate of general government consumption, the growth rate of net exports, the number of procedures to build a warehouse, the time required to start a business, the time required to enforce contracts, the time required to resolve insolvency, and the cost of starting a business as a percent of per capita income. We observe that the coefficient estimates of three explanatory variables, namely, the time required to start a business, that required to resolve insolvency, and the number of procedures to build a warehouse, do not have their expected sign, possibly to the collinearity between these variables and the other two indicators, namely, the cost of starting a business as a percent of per capita income, and the time required to enforce contracts. On the other hand, when we use the World Bank’s enterprise surveys as measures of the business environment from a sample of 91 developed and developing countries, we find that the growth rate of GDP is dependent on a country’s labor force growth rate, its share of gross capital formation in the GDP, the growth rate of general government consumption, the growth rate of net exports, the percentage of senior management time spent dealing with the requirements of government regulations, the time required to obtain an operating license, the percentage of firms having a bribery incidence, losses due to theft, robbery, vandalism, and arson as a percent of sales, the percentage of firms competing against unregistered firms, the percentage of firms that have internationally recognized quality certification, and the percentage of firms that offer formal training. We observe that the coefficient estimates of three explanatory variables, namely, the time required to obtain an operating license, the percentage of firms having a bribery incidence, and the percentage of firms that have internationally recognized quality certification, do not have their expected sign. We suspect that this is also due to the collinearity between this variable and the other statistically significant enterprise survey indicators. Empirical results also show that the impact of the business environment also varies according to a country’s level of economic development. Statistical results of such empirical examination will assist governments in both developed and developing countries focus on appropriate policies that recognize the importance of a good business environment in order to foster economic growth.

Keywords: Doing Business Indicators, Enterprise Surveys, Per Capita GDP Growth, Business Environment
Non-Tariff Barriers and Their Effect on Export: Evidence from 5 Asean Countries

Non-Tariff Barriers and Their Effect on Export: Evidence from 5 Asean Countries

Authors: Lee Chin, AbdolazizYousefi
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Abstract

Protection or trade restriction in a country comes at an economic cost to domestic consumers and short run benefit to producers of the country. Tariff and non-tariff barriers (NTBs) are government policies to protect domestic producers from foreign competition. Reduction or elimination of trade barriers will increase trade activities in an economy. This study used the autoregressive distributed lag (ARDL) approach to show that elimination of NTBs will increase export of 5 ASEAN members. Results indicate that Indonesia, Philippines, and Singapore enjoyed an increase in export by reduction in NTB level after implementation of AFTA. This implied that reduction in NTB level will promote export activities.

Keywords: domestic producers
Problems and Prospects of White Collar Trade Union in Bangladesh: A Competitive Analysis

Problems and Prospects of White Collar Trade Union in Bangladesh: A Competitive Analysis

Authors: Md. Kazimul Hoque, Muhammad Rehan Masoom
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Abstract

Today, ‘Trade unions’ prevail among most professionals, white-collar employees, managers, senior officials, and managers, highly paid employees in banks, in the Life Insurance Corporation and in many new institutions as well as among the Central Government and semi-government employees. They consider recourse to strikes, mass infrequent leaves, attempt to rule, dharnas, and gheraos for protecting their demand and hence bringing about some delicate problems for the concerned employers/managements requiring serious consideration. White collar trade unions are referred as the union of non-manual employees who come together and form the association in order to establish and protect its member’s rights. With the increasing number of white collar trade unions, the importance of white collar associations needs to be considered. So in this particular report, we have thoroughly discussed white collar trade unions from both international and national perspective. We have seen that internationally white collar trade unions came into action after the World War II. And in Bangladesh, white collar trade unions were first formed pre liberation war and after liberation war, the number of white collar unions has been increasing. Realizing the importance of white collar trade unions, in the international sector, many developed countries have adopted the trend of forming white collar associations for its white collar employees so that they have equal opportunities and facilities for blue collar employees. The primary objectives of this report is to outline the history of international white collar trade unions and discuss the current condition of international white collar trade unions internationally.

Keywords: White Collar Employment, Bangladesh, Formal Association, Human Resource Development, Trade Union.

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