scholarly journals Global Financial Crisis And Its Impact On Textile Industry In Pakistan

2011 ◽  
Vol 7 (3) ◽  
pp. 17 ◽  
Author(s):  
Faiz. M. Shaikh ◽  
Nazir Ahmed Gopang ◽  
Kamran Shafiq
Keyword(s):  
Financial Crisis ◽  
Textile Industry ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Industry Clusters ◽  
Basic Tool ◽  
Cross Sectional ◽  
Textile Industries ◽  
The Impact ◽  
Financial Recession

This research investigates the impact of Global Financial Crisis on textile industry clusters in Pakistan. A cross sectional data were collected from 25 textile industries by using simple random technique and data were analysis by using E-Views software. Structural questionnaire was the basic tool for measures the performance of textile industry in financial recession in Pakistan. It was revealed that the industry is in urgent need of financial and technological investments. It was revealed that Global financial crisis has negative impact on the export of textile industry in Pakistan. The export of textile related products has decreased by 20 percent due to decrease in textile demand. It was further revealed that textile industry facing problems such as electricity and high taxes.

scholarly journals The Impact of Downsizing and Efficiency Measures on Anti-Fraud Resources

2015 ◽  
Author(s):  
Marek Palasinski
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Operational Performance ◽  
Insurance Companies ◽  
Junior Staff ◽  
Efficiency Measures ◽  
The Global Financial Crisis ◽  
The Impact ◽  
Practical Implications

The main purpose of this study was to explore the impact of downsizing and efficiency measures on two key elements of operational performance - fraud detection and fraud reporting. Qualitative data were obtained from ethnographic observations of two major multinational insurance companies, which were already examined before the Global Financial Crisis, and subjected to an inter - and intra - business comparative analysis of anti - fraud resources. The paper points out a big discrepancy in opinions on the downsizing effects between junior staff and their supervisors. Whereas the latter present them as enabling the business to deal with suspicious claims more quickly, the former offer a contrastingly different view in which the constantly growing pressure often lea ds to suspicious claims getting approved. By validating the practical implications of a purposefully adapted version of resource - based theory, the paper illustrates the inviability of subjecting anti - fraud resources to the same levels of downsizing and efficiency as other business resources. Although the literature on the general negative impact of downsizing on the broadly - defined operational performance is growing, this is the first major study to examine its impact on insurance anti - fraud processes and illustrate their changes following the Global Financial Crisis.

scholarly journals The Impact of Bailout on Financial Performance And Bank Risk-Taking During Financial Crisis: A Critical Systematic Review

2019 ◽  
Vol 3 (1) ◽  
pp. 7-13
Author(s):  
Dety Nurfadilah
Keyword(s):  
Systematic Review ◽  
Financial Crisis ◽  
Financial Performance ◽  
Risk Taking ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Positive Impact ◽  
Bank Risk ◽  
The Global Financial Crisis ◽  
The Impact

The focus on the bank bailout has been increased since the global financial crisis in 2008 in most countries. However, previous studies often discover the relationship between bailout and corporate governance. In this study, bank bailout literature will be reviewed with the focus on the impact of bailout on bank financial performance and bank risk-taking during the financial crisis. Multi-step strategy is used to collect the data from 2000 to 2016. From the 7 papers were chosen based on the criteria. This systematic review has shown that the bank bailout has a positive impact on financial performance, however, it has a negative impact on bank risk-taking for a longer period.

scholarly journals Recent trends in the Croatian agricultural business sector

2013 ◽  
Vol 7 (2-3) ◽  
pp. 109-113
Author(s):  
Josip Juračak ◽  
Dario Vukalović
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Business Sector ◽  
Gdp Growth Rate ◽  
Recent Trends ◽  
Agricultural Business ◽  
The Global Financial Crisis ◽  
The Impact ◽  
National Business

The purpose of this paper is to explore recent trends in the Croatian agriculture and forestry business sector and compare it with the Croatian economy as a whole. This topic is considered interesting because recent business years have been heavily influenced by the global financial crisis. Many authors would say that agriculture, as a specific branch of the economy, does not follow general trends, but is affected rather by other factors, especially such as environmental ones. The global financial crisis had the most negative impact on the Croatian economy in the 2008/2009 period, when the GDP growth rate tumbled from 2.4% to -5.8%. Although some positive movements have been recorded since 2009, a recession is still going on. Based on information from the National Financial Agency (FINA) database we found that during the period 2007-2011, agricultural firms experienced the same trends as the whole economy, except in terms of average monthly salaries and employment. However, due to the impact of / on? agricultural products prices and yields, in two year period from 2008 to 2010, agricultural firms recorded an almost linear fall in revenues, while the national business sector on the whole experienced a sharp fall in revenues in 2009 and then only a modest fall in 2010.

scholarly journals Changes in Young Europeans’ Values During the Global Financial Crisis

2017 ◽  
Vol 10 (1) ◽  
pp. 15-25 ◽  
Author(s):  
Florencia M. Sortheix ◽  
Philip D. Parker ◽  
Clemens M. Lechner ◽  
Shalom H. Schwartz
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
European Social Survey ◽  
Cross Sectional ◽  
Social Survey ◽  
Youth And Young Adults ◽  
Welfare Expenditures ◽  
The Global Financial Crisis ◽  
The Impact ◽  
High Welfare

We investigate the impact of the global financial crisis (GFC) on the personal values of youth and young adults (age 16–35 years) from 16 European countries. Using time series cross-sectional data from seven waves (2002–2014) of the European Social Survey, we examined (1) whether the GFC led to value shifts between cohorts of young people and (2) whether welfare state provision moderate the expected value shifts. Multilevel analyses showed that, following the GFC, the importance of security, tradition, benevolence, and, to a lesser extent, conformity values increased. In contrast, hedonism, self-direction, and stimulation values decreased. In line with our moderation hypothesis, power, and, to a lesser extent, achievement values increased following the GFC in countries low on welfare expenditures but decreased in countries high on welfare expenditures. Contrary to expectations, increases in tradition and benevolence values were more pronounced in high-welfare countries.

scholarly journals FDI-Led-Growth in Malaysia: Autoregressive Distributed Lag (ARDL) Bounds Testing Approach

2018 ◽  
Vol 11 (11) ◽  
pp. 46
Author(s):  
Jerome Kueh ◽  
Yong Sze Wei
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Positive Impact ◽  
Bounds Testing ◽  
Policy Makers ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
The Impact

This study intends to investigate the validity of the foreign direct investment, FDI-led-growth hypothesis in Malaysia in this era. Autoregressive Distributed Lag (ARDL) bounds test approach is adopted to examine the impact of FDI inflow towards growth of Malaysia based on annually data from 1980 to 2016. Empirical results indicate that FDI inflow has significant positive impact on economic growth. This implies that FDI inflow remain important tool for stimulating economic growth of Malaysia. In addition, there is a negative impact of FDI inflow on economic growth during the 1997 Asian Financial crisis and positive impact during the 2008 Global Financial crisis. In terms of policy recommendation, the policy makers should continue to develop strategies to further attract FDI that will contribute to increasing the productivity in the country.

scholarly journals Global Financial Crisis and the Profit Efficiency of First Bank of Nigeria PLC; a Stochastic Frontier Analisis

2020 ◽  
Vol 11 (01) ◽  
pp. 21700-21717
Author(s):  
ABERE Benjamin Olusola ◽  
Teniola Abosede
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Stochastic Frontier ◽  
Research Work ◽  
Least Square ◽  
Profit Function ◽  
Profit Efficiency ◽  
The Global Financial Crisis ◽  
The Impact

This study examines the Impact of Financial Crisis on the Profit Efficiency of First Bank of Nigeria Plc. The study makes use of data covering the period 1981-2017. The objective of the research work is to analyse the trend in efficiency of First Bank of Nigeria Plc before, during and after the financial crisis The study rests on the Minsky Financial Instability Hypothesis theoretical framework and uses the translog Stochastic Frontier profit function with one output (Loans), two inputs (price of funds and noninterest expense) and two netputs (fixed assets and equity) to formally examine the impact of the Global Financial Crisis on the profit efficiency of this bank. This study also employs the Multivariate Regression Analysis to examine the relationship between the profit efficiency of the bank and some contextual variables. To achieve this objective, the study uses the Ordinary Least Square to examine the potential determinants of the bank's Profit efficiency. The result of the translog profit function shows that the bank made a significant progress during the crisis period while that of the OLS shows that the Global Financial Crisis does not have a statistically significant impact on the profit efficiency of the bank. Looking at the other determinants of the profit efficiency of the bank, the result shows that variations in the dependent variable has been largely explained by the independent variable as shown by R-square of 0.9628. Also, total asset, bank's diversification, capital strength all have positive effect on the profit efficiency of the First Bank of Nigeria while Bank's loan intensity and the Gross Domestic Product have negative impact. The study concludes that Global Financial Crisis did not have impact on the efficiency of First Bank of Nigeria Plc. It is therefore essential that the regulatory and supervisory authorities (CBN and NDIC) formulate and implement monetary policies that are effective in helping the banks to improve their operations, thereby leading to efficiency in resource allocation and utilization.  

scholarly journals THE EFFECT OF CAPITAL STRUCTURE AND FINANCIAL STRUCTURE ON FIRM PERFORMANCE (An Empirical Study of The Financial Crisis 2008 and 2009 in Indonesia)

2019 ◽  
Vol 16 (2) ◽  
pp. 206-223
Author(s):  
Cressya Cesia Ansca C. Ansca ◽  
◽  
Kevin A. Suyapto ◽  
Titin Pranoto ◽  
Vania P. Gunawan ◽  
...  
Keyword(s):  
Firm Performance ◽  
Financial Crisis ◽  
Capital Structure ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Stock Exchange ◽  
Accounting Performance ◽  
Before And After ◽  
The Global Financial Crisis ◽  
The Impact

Abstract This research aims to identify the impact of capital structure on Indonesian firms’ performance, particularly on the magnitude of impact at the period prior to crisis, crisis, and the period following the crisis that happened in 2008. The Global Financial Crisis grants a chance to scrutinize the impact of crisis between capital structure and firm performance. Proxies used for capital structure are total debt to total assets, short-term debt to total assets, and long-term debt to total assets ratio. Moreover, firm performance is measured by accounting performance (Return on Asset and Return on Equity) and market performance (Price to Equity Ratio and Tobin’s Q). Samples used include all firms listed in Indonesia Stock Exchange (IDX) from the period 2004 up to 2017, excluding financial sector firms. This research posits that capital structure generally impacts firm performance negatively. The Global Financial Crisis (GFC) that happened in 2008 serves a greater negative impact of capital structure to firm performance than it is before and after crisis. This research is intended for use by firms as a perusal in managing its capital structure, for creditors in managing its lending, and for investors in investing, prominently in times of financial crisis.

Evaluating Microeconomic Factors, Financial Crisis, and Stock Price Dynamics

2020 ◽  
pp. 131-153
Author(s):  
Husam-Aldin N. Al-Malkawi ◽  
Rekha Pillai ◽  
Mohammad S. AlShiab
Keyword(s):  
Financial Crisis ◽  
Stock Prices ◽  
Stock Price ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Mena Region ◽  
Return On Equity ◽  
Mena Countries ◽  
Price Earnings Ratio ◽  
The Impact

The purpose of this chapter is to examine the impact of microeconomic factors and the global financial crisis (GFC) on stock prices in the Middle East and North Africa (MENA) region. The study employs panel data techniques covering a sample of 277 firms listed in seven MENA countries for the period 2000-2015. The empirical model consists of eight microeconomic (firm-specific) variables and a dummy variable to capture the impact of global financial crisis. The results suggest that microeconomic factors play a vital role in determining stock prices in the MENA region. More specifically, factors such as return on equity, book value per share, dividend per share, earnings per share, and price-earnings ratio positively influence stock prices, while dividend yield and gearing have negative impact on stock prices. In addition, firm size posits a positive and statistically significant relationship with stock prices. However, the GFC seems to be insignificant determinant of stock prices in the case of MENA countries in the sample studied. This chapter provides several practical implications.

scholarly journals Measuring the effectiveness of signals approach in an early warning system for crises and its impact on textile industry: a case study for South-East Asia

2021 ◽  
Vol 72 (02) ◽  
pp. 175-190
Author(s):  
MUHAMMAD ZAHID NAEEM ◽  
CRISTI SPULBAR ◽  
ABDULLAH EJAZ ◽  
RAMONA BIRAU ◽  
TIBERIU HORAȚIU GORUN ◽  
...  
Keyword(s):  
Financial Crisis ◽  
East Asia ◽  
Early Warning ◽  
Early Warning System ◽  
Textile Industry ◽  
Global Financial Crisis ◽  
Warning System ◽  
Predictive Ability ◽  
South East Asia ◽  
The Impact

Following the work of Kaminsky, Lizondo, and Reinhart (1997), Signals Extraction Approach has been adopted with some extensions for South-East Asian (SEA) region to investigate the performance of the technique as an Early Warning System (EWS) during Asian Financial Crisis (AFC) and Global Financial Crisis (GFC). This approach is very original in the context of investigating the impact on the dynamics of the textile industry in South-East Asia. Two additional approaches namely Signal to Noise Balance (STNB) and Kuipers Score (KS) have also been utilised. Outcome suggested that variables performed well both during AFC and GFC. However, predictive ability of variables was less during GFC compared to the AFC indicating that there may exist some complex phenomenon which requires composite statistical methods.

Dynamic performance, financial leverage and financial crisis: evidence from GCC countries

2015 ◽  
Vol 10 (2) ◽  
pp. 147-162 ◽  
Author(s):  
Rami Zeitun ◽  
Ali Salman Saleh
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Dynamic Performance ◽  
Future Research ◽  
Financial Leverage ◽  
Cross Sectional ◽  
Content Type ◽  
Gmm Estimator ◽  
Gcc Countries ◽  
The Impact

Purpose – The purpose of this paper is to investigate the effects of financial leverage on firm’s performance in Gulf Cooperation Council (GCC) countries. Additionally, this paper investigates the impact of recent financial crisis on GCC firms. Design/methodology/approach – The authors argue that the firm’s performance has a dynamic relationship that cannot be measured in cross-sectional data. Hence, the authors use a panel data to examine the effect of financial leverage on firm’s performance using the dynamic Generalised Method of Moments (GMM) estimator. Findings – The results from the GMM estimator show that companies’ leverage is a significant determinant of firm’s performance in GCC countries. The authors also found that financial crisis had a negative and significant impact on firms’ performance in GCC countries. Research limitations/implications – First, the data used in this paper rely on information published by the firms, and therefore, the robustness of the results were limited by the accuracy of the data provided. Second, failed firms were excluded from the study sample which may affect the results. Third, macroeconomic variables could be used in future research to investigate their impact on companies’ performance before and after the global financial crisis. Fourth, some other important variables (such as firm age and firm ownership) could be used in future studies to examine the effects of the 2008 financial crisis on companies’ performance. Practical implications – This research provides initial guidelines for policy makers in GCC countries to understand how to enhance the performance of their firms using financial leverage and other firm-specific factors. Originality/value – This is a first comprehensive study to investigate the effect of capital structure and financial crisis on firms’ performance in GCC countries.

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