scholarly journals Integrated reporting and firms' performance of listed ICT companies in Nigeria

2021 ◽  
Author(s):  
Aminu Abdullahi Kaura ◽  
Abdulrasheed Bello ◽  
Sirajo Sani Sokoto
Keyword(s):  
Corporate Performance ◽  
Fixed Effect Model ◽  
Regulatory Agencies ◽  
Integrated Reporting ◽  
Long Run ◽  
Effect Model ◽  
Model Account ◽  
Short Run ◽  
Ict Companies ◽  
F Statistics

Abstract The purpose of this study is to examine the effect of corporate performance of 9 listed ICT companies in Nigeria over a period of ten years (2011 – 2020). MVA and ROA were employed as market and financial based measures of performance and controlling for Leverage, Firm size and Age. Panel regression was employed using fixed effect model to test the study hypothesis. The findings from the analysis revealed a positive and significant association between IRINDEX and MVA while the result was insignificant between ROA and IRINDEX. All the control variables were significantly associated with IRINDEX. The model was also significant with f-statistics probability significant at 1% (0.000) level. The model account for about 66.21% variation in IRINDEX. The study therefore concluded that, corporate performance affect IR only in the long-run. The study recommended that, regulatory agencies in Nigeria should enact laws that make it mandatory for quoted companies to adopt IR or grant tax credit to voluntary compliers and lastly, managers should strive to adopt IR not minding its cost implication in the short-run as the benefit will accrue in the long-run.

Does Financing Structure Relates to Liquidity Risk? A Comparative Study of Islamic and Conventional Banks of Pakistan

2021 ◽  
Vol 1 (1) ◽  
pp. 72-85
Author(s):  
Hussain Mohi-ud-Din Qadri ◽  
Atta UI Mustafa ◽  
Hassnian Ali
Keyword(s):  
Banking Sector ◽  
Random Effect ◽  
Random Effect Model ◽  
Liquidity Risk ◽  
Strong Relationship ◽  
Fixed Effect Model ◽  
Long Run ◽  
Effect Model ◽  
Short Run ◽  
Conventional Banks

The purpose of this paper is to find out whether financing in specific sectors increase bank liquidity risk and how this goes on with both Islamic and conventional banks. The paper used pooled regression, fixed effect model and random effect model decided on the basis of dummy joint significant test. The result shows that only financing concentration (SPEC) proved to have significant association with Islamic and overall banking sector for short run. And all other banks specific variables are unable to show a significant result. While the macroeconomic variable GDP and Inflation have a strong relationship in both long run and short run time period. This paper add value to the existing literature on liquidity risk under the new indicators issued by Basel III.

scholarly journals Is External Debt a Boon or a Curse? Empirical Evidence from South Asian Countries

2020 ◽  
Vol 9 (4) ◽  
pp. 223-232
Author(s):  
MUHAMMAD REEHAN HAMEED ◽  
MAJID ALI ◽  
HAFSAH BATOOL
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Negative Impact ◽  
External Debt ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Asian Countries ◽  
Long Run ◽  
Effect Model ◽  
Short Run

Over the years, the South Asian countries were facing the dilemma of twin’s deficits because they had failed to generate sufficient revenues to finance their budget. Consequently, they were continuously relying on both domestic and external debt to bridge these deficits which had put a severe implication on their economic growth. Their financial position continued to deteriorate and undermined all the efforts of the governments made to stimulate economic growth. The governments in these countries failed to generate enough revenues through internal sources. Therefore, the deficits were normally fiancé through external sources. The paper examined whether the external debt was a blessing or course to the economic growth of South Asian countries i.e. Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. For this purpose 30 years of panel data of these countries from 1990 to 2019 had been taken. Fixed effect model and Panel Autoregressive Distributive Lag (ARDL) Approach had been applied to examine the short-run and long-run association among the variables. The natural log of GDP per capita was used as a proxy for economic growth. The other variables were external debt, initial GDP, foreign direct investment, trade openness, investment, and secondary school investment rate. The outcomes of the study indicated that that external debt had a negative impact on economic growth both in the short-run and long-run. This revealed that external debt had not been utilized effectively and productively. The study suggested that effort would be made to manage the external debt and reduced the twin's deficits to minimize the harmful impact of external debt on the economy. Keywords: South Asian, External Debt, ARDL, Fixed Effect Model, Economic Growth.

scholarly journals IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH: AN EMPIRICAL INVESTIGATION FROM SOUTH ASIAN COUNTRIES

2021 ◽  
Vol 9 (2) ◽  
pp. 173-184
Author(s):  
Muhammad Reehan Hameed ◽  
Ghulam Sarwar ◽  
Shahid Adil ◽  
Hafsah Batool ◽  
Israr Hussain
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Public Debt ◽  
Empirical Investigation ◽  
Fixed Effect Model ◽  
Asian Countries ◽  
Panel Ardl ◽  
Long Run ◽  
Effect Model ◽  
Short Run

Purpose of the study: This study aims to analyze the short-run and as well as long-run effects of public debt on the economy of South Asian countries. And to resolve problems in managing and servicing their massive public debt obligations. Methodology: For econometrically investigation, panel data has been used for the era of 1990-2019. For obtaining econometric outcomes, we applied the Fixed Effect Model and PMG/ Panel ARDL. Main Findings: The results revealed that public debt negatively affected the economic performance of these countries. This effect is adverse both in short as well as in long period. Applications of this study: The study can be effective for simultaneous achievement of the desirable level of economic growth and public debt stock seems to be difficult and could remain elusive if some serious measures have not been taken. Novelty/Originality of this study: The study recommends the efficient and productive utilization of borrowed funds to avoid their negative repercussions.

scholarly journals Can the Famous University Experience of Top Managers Improve Corporate Performance? Evidence from China

2019 ◽  
Vol 11 (24) ◽  
pp. 6975
Author(s):  
Weifeng Xu ◽  
Qingsong Ruan ◽  
Chang Liu
Keyword(s):  
Corporate Performance ◽  
Top Management Team ◽  
Listed Companies ◽  
Fixed Effect Model ◽  
Top Managers ◽  
Effect Model ◽  
University Experience ◽  
The Impact ◽  
Business Complexity ◽  
Positive Effect

With the continuous improvement of China’s overall education level, the number of top managers with famous university experience in listed companies has been increasing. The question then becomes whether the performance of the listed companies is better if there are more top managers with famous university experience in the top management team (TMT). Based on the sample of listed companies in China from 2008 to 2018, we adopted the two-way fixed effect model and panel propensity score matching (Panel-PSM) methodology to examine the impact of top managers with famous university experience on corporate performance and its mechanism. We found that the higher the proportion of top managers with famous university experience in the TMT, the better the corporate performance will be, and this positive effect is larger in companies with high business complexity. We also found that this effect is mediated by overconfidence of the TMT. The proportion of top managers with famous university experience in the TMT will inhibit the overconfidence of the TMT, which will ultimately benefit corporate performance.

Shortcut: High School Grades As a Signal of Human Capital

1998 ◽  
Vol 20 (4) ◽  
pp. 299-311 ◽  
Author(s):  
Shazia Rafiullah Miller
Keyword(s):  
High School ◽  
High School Graduates ◽  
Fixed Effect Model ◽  
School Level ◽  
School Grades ◽  
High School Grades ◽  
Long Run ◽  
Effect Model ◽  
Bachelor's Degrees

Research shows that employers are dissatisfied with their ability to hire good workers out of high school ( Barton, 1990 ; Cappelli & Rogovsky, 1993). This article considers whether employers could benefit from using high school grades to identify workers whom they will value more in the long run. Using the High School and Beyond data on the sophomore cohort, this article examines the effects of high school grades on long-term productivity as measured by earnings. It finds that high school grades do have a strong and significant effect on earnings 9 years after high school for both men and women, those with and without bachelor’s degrees, and controlling for race/ethnicity, SES, region of the country, and whether the school is public or private. Using a fixed-effect model, it also demonstrates that these findings are robust even after controlling for school-level differences. The article further confirms other researchers’ findings of no or negative short-term effects of high school grades on earnings. It argues that this connection between grades and long-run productivity suggests that employers could use high school graduates’ grades to identify workers they will value.

scholarly journals Determinant Factors Poverty of Relativity in Banten Province: A Panel Data Analysis

2021 ◽  
Vol 4 (2) ◽  
pp. 131-141
Author(s):  
Deris Desmawan ◽  
Rizal Syaifudin ◽  
Randi Mamola Mamola ◽  
Hanifa Haya ◽  
Dwi Indriyani
Keyword(s):  
Human Capital ◽  
Panel Data ◽  
Income Inequality ◽  
Social Protection ◽  
Panel Data Analysis ◽  
Fixed Effect Model ◽  
Economic Recovery ◽  
Long Run ◽  
Effect Model ◽  
The Government

The problem of the poverty of relativity today is still a crucial topic considering the economic conditions in Indonesia are experiencing a slump due to Covid-19. The problem of poverty relativity is one of the main points that must be faced by the government in providing social protection assistance policies as a form of economic recovery during the Covid-19. The poverty of relativity in Banten Province is relatively high even though it has been ranked 10 nationally. Therefore, this study aims to analyze the relationship between unemployment, income inequality, and human capital as well as find out which level is very dominant in the long run on each of the variables that directly affect the relativity of poverty in Banten Province. This study examines how changes in economic indicators occur due to the Covid-19 pandemic in 8 Regencies/Cities of Banten Province. The analysis of this study uses panel data regression using the method Fixed Effect Model (FEM) in 8 regencies/cities in Banten Province in the data range from 2016 to 2020. The results of this study indicate that unemployment due to layoffs has a positive and significant influence on the relativity of poverty in 8 districts/cities of Banten Province. Furthermore, this study shows that income inequality has no significant and positive effect on the relativity of poverty. Meanwhile, human capital appears to be one of the dominant factors that can have a negative and significant impact on economic recovery and reduce the relative impact of poverty during the Covid-19 pandemic.

scholarly journals Testing the Validity of the Long Run Neutrality of Money in Nigeria

2021 ◽  
Vol 21 (2) ◽  
pp. 148-167
Author(s):  
Ephraim Ugwu ◽  
Christopher Ehinomen ◽  
Philip Nwosa ◽  
Olubunmi Efuntade
Keyword(s):  
Error Correction ◽  
Money Supply ◽  
Phillips Curve ◽  
Correction Term ◽  
Negative Sign ◽  
Fine Tuning ◽  
Annual Data ◽  
Long Run ◽  
Effect Model ◽  
Short Run

Abstract Research background: There is no consensus among scholars on the interaction effect between money supply, price, and wages despite various studies conducted to that effect. Purpose: This study investigates whether the neutrality of money assumption holds in the long run in Nigeria, using annual data from 1970 to 2018. Research methodology: The study utilized the Johansen cointegration test and the Vector Error Correction (VECM) approach for estimation. Results: The results from the Phillips curve model contradict the classical school of economics assumption that money is neutral in the long run. This implies that in the Nigerian economy, money is not neutral in the long run. The long run Fishers’ effect model shows that the coefficient of LOG (CPI) exhibits a negative sign and is statistically significant at a 5% significant level, thus contradicting the hypothesis which states that a one percent increase in consumer prices will lead to an increase in the rate of interest by one percent. The coefficient of nominal money supply indicates a negative sign and insignificant statistically on the interest rate. The Short-run estimated results showed that the coefficient of the error correction term ECM (–1) indicates a negative sign and is significant statistically in the Fishers’ effect model. The result shows the actual and equilibrium values are corrected with adjustment speeds equal to 31% yearly. Novelty: The study recommends that the Central Bank of Nigeria should ensure an effective implementation of monetary targeting measures in fine-tuning the economy and curbing inflationary pressures.

scholarly journals Examining the Equilibrium Relationships between Foreign Direct Investment Inflows and Employment in Manufacturing and Services Sectors: Evidence from Malaysia

2013 ◽  
Vol 4 (1) ◽  
pp. 32-38
Author(s):  
Hussain Ali Bekhet
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Current Paper ◽  
Policy Makers ◽  
Fdi Inflows ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
Equilibrium Relationships ◽  
F Statistics

The current paper examines the long-run and short-run equilibrium relationships between FDI inflows and employment in Malaysian manufacturing and services sectors using ARDL approach for the 19722011 period. It employs ADF and PP tests to detect the stationary levels of above variables. Also, it utilizes the bounds F-statistics test to identify the co-integration among variables. Results of ARDL approach indicate the presence of significant long-run and short-run equilibrium relationships between FDI inflows and employment in manufacturing and services sectors. The paper’s findings are of particular interest and importance to Malaysian policy makers towards increasing FDI inflows and employment in manufacturing and services sectors.

scholarly journals Impact of Unconditional Cash Transfer on Child Nutrition in Pakistan: Evidence from Benazir Income Support Program (BISP)

2019 ◽  
Vol IV (IV) ◽  
pp. 71-88
Author(s):  
Ghulam Mustafa ◽  
Amanat Ali ◽  
Nasir Iqbal
Keyword(s):  
Child Nutrition ◽  
Fixed Effect Model ◽  
Cash Transfer ◽  
Income Support ◽  
Long Run ◽  
Effect Model ◽  
Children's Nutrition ◽  
Prime Objective ◽  
Inadequate Nutrition ◽  
Unconditional Cash Transfer

The prevalence of impaired growth of children has been an immensely painful phenomenon in developing countries. The core reasons behind impaired growth among children are the prevalence of inadequate nutrition intakes. BISP cash transfer has a long-run objective to ensure the nutritional status of the beneficiaries. Therefore, the prime objective of the study is to evaluate the effects of BISP on child nutrition (less than five years) by using the four waves of the household surveys conducted by Oxford Policy Management (OPM) to document the BISP impact evaluation. The results of RDD estimation indicate that cash transfer has positive and significant effects on child nutrition. Likewise, we also employed the household fixed-effect model. The findings also authenticate the results of RDD. Further results highlight that BISP has more significant and positive impacts on male children's nutrition than the beneficiaries' female children.

scholarly journals Dynamics of Domestic Debt and its Implications on Economic Growth: Evidence From SAARC Countries

2020 ◽  
Vol Volume 4 (Issue 3) ◽  
pp. 428-444
Author(s):  
Muhammad Reehan Hameed ◽  
Hafsa Batool ◽  
Israr Hussain
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Trade Openness ◽  
Fixed Effect Model ◽  
Budget Deficits ◽  
External Resources ◽  
Panel Ardl ◽  
Long Run ◽  
Domestic Debt ◽  
Short Run

Due to the fragile tax base and mounting budget deficits South Asian countries are persistently relying on both domestic and external debt which severely affects the growth performance of these countries. The external resources are not easy to get and subject to many constraints while domestic resources are easily accessible. Therefore, the budget deficit is normally financed with domestic debt. This paper examines the short-run and long-run impact of domestic debt on the economic growth of SAARC countries i.e. Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. For the sake of analysis panel data of SAARC countries from 1990 to 2020 has been used. Fixed effect model and panel ARDL econometric techniques have been applied to examine the short-run and long-run association among the variables. The natural log of GDP per capita is used as a proxy for economic growth. The other variables are domestic debt, initial GDP, foreign direct investment, trade openness, investment, and secondary school investment rate. The results of the study indicate that domestic debt has a negative impact on economic growth both in the short-run and long-run. This shows that the domestic borrowed resources have not been utilized effectively and productively. The study suggests that efforts will be made to reduce the budget deficits to minimize the reliance on domestic debt.

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