scholarly journals The competitiveness of saudi dates in global markets and its effect on future exports

2021 ◽  
Vol 58 (04) ◽  
pp. 1115-1122
Author(s):  
Mohamad Alnafissa
Keyword(s):  
Saudi Arabia ◽  
General Trend ◽  
Global Market ◽  
Global Markets ◽  
Partial Adjustment ◽  
Dominant Position ◽  
Partial Adjustment Model ◽  
Share Data ◽  
The Impact ◽  
European Markets

The production of dates has been increasing in Saudi Arabia during 1970-2019. However, this growth has not been accompanied by a proportionate increase in exports to global markets, with only 5.5% on average of the produced dates being destined for export in the same period (1970-2019). This study compares the competitiveness of Saudi date exports to several overseas markets and its effect on future exports. Our study hypothesizes that Saudi Arabia has the competitiveness of Saudi dates exports comparing others and this competitiveness could have a significant effect on Saudi’s dates exports. We test such a hypothesis by using the market share data and the RCA for countries that were the top exporters of dates in 2019.The Partial Adjustment Model is employed to explore the impact of the competitiveness of Saudi dates on future exports. The results showed that Saudi Arabia as well as other major date-exporting countries (Iran, Iraq, Israel, Pakistan, Tunisia, and the UAE) have high competitiveness in the global market. By division of markets by groups of countries, Saudi Arabia has a comparative advantage over at least four countries among the top six exporters in three markets (Africa, Asia, and the OIC), while Saudi dates are less competitive in the American and European markets, where it never held a dominant position. The general trend equation indicates that the decline in the competitiveness of Saudi dates will continue during 2021-2025

SENSEX Price Fluctuation Forecasting Comparison Between Global Indices and Companies Making It

2018 ◽  
Vol 26 (3) ◽  
pp. 90-104 ◽  
Author(s):  
Aviral Sharma ◽  
Vishal Bhatnagar ◽  
Abhay Bansal
Keyword(s):  
United States Of America ◽  
Stock Exchange ◽  
The United States ◽  
Global Market ◽  
Global Markets ◽  
Sensitivity Index ◽  
Pivot Point ◽  
Global Indices ◽  
Stock Indices ◽  
The Impact

This article describes how the stock markets form the pivot point in any economy and the health of the economy is depicted by the major indices of that market. These indices tell the overall working of the markets. SENSEX of the sensitivity index of Bombay Stock Exchange (BSE) and is one of the major stock indices traded in India which is impacted by a large number of global and domestic factors. A fall in the stock market of the United States of America or any other global market triggers a change in SENSEX as well. Thus, showcasing the high-end correlation between global markets. In this article, the authors are analyze and forecast the impact of major world indices on the SENSEX using ANN's.

scholarly journals Characteristics of the Textile Industry of Two Asian Powers: China and India. Prospects for their Further Development on Global Markets

2019 ◽  
Vol 27 (5(137)) ◽  
pp. 10-19
Author(s):  
Anna Antczak ◽  
Marianna Greta ◽  
Agata Kopeć ◽  
Jacek Otto
Keyword(s):  
Developing Countries ◽  
Textile Industry ◽  
Global Economy ◽  
Global Market ◽  
Global Markets ◽  
China And India ◽  
The Impact ◽  
Further Development

The aim of this study is to characterise the textile industry of the two global giants in this field - China and India and to discuss the impact they exert on the global economy. For centuries the fibre and textile industry has played a key role for humanity. The study also draws attention to international arrangements for trade in textiles and its liberalisation. This allowed for further development of this branch of the economy and participation in the global market of developing countries.

scholarly journals The impact of the coronavirus pandemic on the dividend target payout ratio. The evidence from Hydrotor SA

2021 ◽  
Vol 51 (3) ◽  
pp. 15-28
Author(s):  
Mieczysław Kowerski ◽  
Marcin Sowa
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Current Situation ◽  
Good Tool ◽  
Partial Adjustment ◽  
Speed Of Adjustment ◽  
Partial Adjustment Model ◽  
Warsaw Stock Exchange ◽  
The Impact

Lintner’s (1956) partial adjustment model identifies the company’s long-term dividend policy by setting a dividend target payout ratio and the speed of adjustment. And although the model has undergone various modifications and methods of estimation over more than 60 years, it is still a good tool for analyzing dividend decisions made by companies. The aim of the article is to show the usefulness of the Lintner model for analyzing changes in the company’s dividend policy during the pandemic turmoil. For the illustration, Hydrotor SA was chosen, which, the longest time at the Warsaw Stock Exchange, continuously pays dividends. The calculations showed that the situation in 2020 resulted in a revision of the company’s long-term dividend strategy, which resulted in a lowering of the dividend target payout ratio and a greater attention to the current situation (current net profits)—an increase in the speed of adjustment.  

Does Growth Affect Firms’ Leverage Adjustment Speed? A Study of Indian Firms

2020 ◽  
Vol 8 (2) ◽  
pp. 139-155 ◽  
Author(s):  
Biswajit Ghose ◽  
Kailash Chandra Kabra
Keyword(s):  
High Growth ◽  
Two Dimensions ◽  
Growth Opportunities ◽  
Partial Adjustment ◽  
Partial Adjustment Model ◽  
Adjustment Speed ◽  
Growth Firms ◽  
The Impact ◽  
The Relationship

The significance of firms’ growth opportunities as one of the determinants of leverage is documented in many prior studies. But, there are not enough studies which examine the impact of growth on leverage adjustment speed. In this backdrop, the present study investigates the relationship between growth and leverage adjustment speed. Second, the study also examines the moderating role of two dimensions of target deviation, that is, nature and level of deviation in the relationship between growth and leverage adjustment speed. Using partial adjustment model on a dataset of 28,532 firm-year observations comprising 2,718 listed Indian firms with 4–12 years data for each firm, the study observes faster leverage adjustment speed for high-growth firms (36%) than low-growth firms (24%). The results also confirm the moderating effect of target deviation in the relationship between growth and adjustment speed. Overall, the study concludes that firms’ growth opportunities cause asymmetries in target adjustment speed by altering the costs and benefits of adjustment, and nature and level of target deviation moderates the relationship between growth and adjustment speed. These findings are expected to have substantial practical implications for financial managers in their capital structure decisions.

scholarly journals Does Financial Technology Affect Income Inequality in Indonesia?

2020 ◽  
Author(s):  
Birgitta Dian Saraswati ◽  
Ghozali Maski ◽  
David Kalug ◽  
Rachmad Kresna Sakti
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Partial Adjustment ◽  
Adjustment Model ◽  
Partial Adjustment Model ◽  
Determining Factors ◽  
Equal Income ◽  
Sustainable Economic Growth ◽  
The Impact ◽  
Financial Technology

Economic growth is insufficient to be a sole indicator of the population’s welfare. Specifically, high economic growth does not necessarily imply that the population is generally prosperous. Equal income distribution is crucial to achieving sustainable economic growth. Since 2000, the Gini index as a measure of income inequality in Indonesia showed an increasing trend. On the other side, financial technology 3.0 started to develop. This paper seeks to investigate the impact of fintech 3.0 development on income inequality in Indonesia and to identify the determining factors of income inequality in Indonesia. By using the partial adjustment model (PAM) with the observation period of 1990-2017, the study empirically shows that fintech 3.0 development that started in 2000 had a significant impact on income inequality in Indonesia. Besides, the investment variable also positively affect income inequality in Indonesia. Thus, the findings indicate that the Indonesian population did not equally utilize fintech development. Keywords: income inequality, financial technology, Indonesia, partial adjustment model

The Technical Communicator's Role in Bridging the Gap between Arab and American Business Environments

1998 ◽  
Vol 28 (4) ◽  
pp. 335-343 ◽  
Author(s):  
Larae D. Lundgren
Keyword(s):  
Saudi Arabia ◽  
English Language ◽  
Social Dynamics ◽  
Effective Communication ◽  
Arabic Language ◽  
Global Market ◽  
Communication Process ◽  
American Business ◽  
Technical Communicators ◽  
The Impact

Communication between the West and the Middle East has at times been tenuous, disjointed, and ineffective. Due to the ever-increasing global market, it has become essential that American technical communicators cross these geographic, cultural, and language barriers to bridge this historical communication gap. Business with Saudi Arabia particularly has prompted American technical communicators to delve into all cultural and language dynamics of an Arab audience. In essence, the technical communicator must comprehend the impact of Islamic doctrine on the Arab business person; identify the philosophical, religious, historical, and social dynamics of the English/Arab communication process; recognize the fundamental differences between the English language and the Arabic language; and, after assessing the Arab audience and language level, implement the most effective communication strategies for effective communication with a high-context society such as Saudi Arabia.

scholarly journals Does Sukuk market development promote economic growth?

2020 ◽  
Vol 4 (3) ◽  
pp. 209-218 ◽  
Author(s):  
Seda Yıldırım ◽  
Durmus Cagrı Yıldırım ◽  
Pelin Diboglu
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Banking System ◽  
Global Market ◽  
Market Development ◽  
Islamic Finance ◽  
Content Type ◽  
Long Run ◽  
The Impact ◽  
Effect On Growth

Purpose This paper aims to explain the relationship between sukuk market and economic growth. In this context, the study investigates the impact of sukuk market development on economic growth for nine countries (Brunei, Indonesia, Jordan, Kuwait, Malaysia, Nigeria, Saudi Arabia, Pakistan and Turkey) which have Islamic finance and banking system. Design/methodology/approach The study analyzed the data of nine countries as Brunei, Indonesia, Jordan, Kuwait, Malaysia, Nigeria, Saudi Arabia, Pakistan and Turkey for periods between 2014Q1 and 2017Q4. As a part of gross domestic product, total sukuk export measured by the sukuk market and the sukuk density which was considered as annual sukuk export per country were used to determine sukuk market development. Inflation, trade deficit and financial stress series were used as control variables. Findings It was determined that there was a long-term cointegrated relationship between sukuk market development and economic growth. Sukuk volume and sukuk density had a positive effect on growth in the long run. One unit increase in sukuk volume increased growth by 0.5%, while increase in sukuk density increased growth by 1.7%. According to short-term relationships, it was seen that sukuk variables did not have an effect on growth. However, sukuk exports contributed positively to growth rates in the long run. Research limitations/implications The findings of this study are limited with nine countries (Brunei, Indonesia, Jordan, Kuwait, Malaysia, Nigeria, Saudi Arabia, Pakistan and Turkey). Also, the accessible data of sukuk market was used and the periods of 2014Q1–2017Q4 was analyzed in a study. Accordingly, future studies can find different results for different countries which has Islamic finance and banking system for different periods in the global market. Originality/value This study provides empirical findings to the related literature, and it proves that sukuk market development contributes positively to the economic growth of countries including Islamic finance and banking system in the long run.

National culture and leverage adjustments

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Svetlana Orlova ◽  
Grant Harper
Keyword(s):  
National Culture ◽  
Cultural Dimensions ◽  
Partial Adjustment ◽  
Content Type ◽  
Speed Of Adjustment ◽  
Partial Adjustment Model ◽  
High Power Distance ◽  
Available Information ◽  
The Impact

PurposeThe purpose of this paper is to explore the impact of national culture on leverage speed of adjustment (SOA) across countries.Design/methodology/approachWe use a partial adjustment model to estimate the impact of national culture (assessed using Hofstede's six cultural dimensions) on leverage SOA.FindingsWe find that culture does significantly affect the degree to which firms deviate from target debt level and the speed of adjustment (SOA) of leverage. High power distance, individualism and masculinity are associated with a slower SOA, while high long-term orientation, uncertainty avoidance and indulgence result in a faster SOA. Additionally, cultural characteristics affect leverage SOA differently when firms are underlevered versus overlevered and when firms have small versus large deviations from the target level of debt. We suggest that these effects can be explained by agency motives.Research limitations/implicationsThe results of the study are based on available information for firms from 53 countries.Originality/valueThis study is, to the best of our knowledge, the first to examine the impact of national cultural traits on leverage SOA in international settings.

scholarly journals Drifting Towards Bordeaux? The Evolving Varietal Emphasis of U.S. Wine Regions

2015 ◽  
Vol 10 (3) ◽  
pp. 349-378 ◽  
Author(s):  
Julian M. Alston ◽  
Kym Anderson ◽  
Olena Sambucci
Keyword(s):  
United States ◽  
The United States ◽  
Jel Classification ◽  
Global Market ◽  
Partial Adjustment ◽  
Technological Advances ◽  
Partial Adjustment Model ◽  
The World ◽  
Demand Patterns

AbstractIn an ever-more-competitive global market, vignerons compete for the attention of consumers by trying to differentiate their product while also responding to technological advances, climate changes and evolving demand patterns. In doing so, they highlight their regional and varietal distinctiveness. This paper examines the extent to which the winegrape varietal mix varies within and among states of the United States and relative to the rest of the world, and how that picture has been evolving. It reports varietal intensity indexes for different regions, indexes of similarity of varietal mix between regions and over time, and price-based quality indexes across regions and varieties within and among the three west-coast States. Broadly speaking, the mix of winegrape varieties in the United States is not very different from that in the rest of the world and, since 2000, it has become even less differentiated and closer to that of France and the world as a whole. But individual U.S. regions vary considerably in the mix of varieties in which they specialize and in the quality of grapes they produce of a given variety; and region-by-variety interactions have complex influences on the pattern of quality and production. We use measures of regional varietal comparative advantage and a Nerlovian partial adjustment model to account for some of the shifting varietal patterns in the U.S. vineyard and in winegrape production. (JEL Classification: D24, L66, Q13)

Modern Trends in Capital Flows in Emerging Markets

2018 ◽  
pp. 190-213
Author(s):  
Svetlana Balashova ◽  
Vladimir Matyushok ◽  
Inna Petrenko
Keyword(s):  
Capital Flows ◽  
Generalized Least Squares ◽  
International Capital ◽  
Internal Factors ◽  
Partial Adjustment ◽  
Political Risks ◽  
Generalized Least Squares Estimator ◽  
Partial Adjustment Model ◽  
The Impact ◽  
Portfolio Investments

This chapter provides an evaluation of the influence of the most significant external and internal factors on international capital flows in the form of direct and portfolio investments for 24 developing countries during the period 1990–2015. The authors have adopted the partial adjustment model and the feasible generalized least squares estimator for panel data. Results show that the determinants of capital flow for foreign direct and portfolio investments differ. The impact of political risks on cross-border capital flows has been identified.

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