An Economic IslamicityIndex (EI2)

2010 ◽  
Vol 10 (3) ◽  
pp. 1850207 ◽  
Author(s):  
Scheherazade S. Rehman ◽  
Hossein Askari
Keyword(s):  
Social Behavior ◽  
Economic Performance ◽  
Political Development ◽  
Islamic Countries ◽  
Islamic Economic ◽  
Global Uncertainty ◽  
The Impact ◽  
The Relationship

Given the post-9/11 climate of global uncertainty, suspicion, hostility, and fear, interest in the relationship between religion and economics, politics, and social behavior has been rekindled. In particular, there has been considerable attention afforded to the impact of religion on economic, social, and political development and vice versa. However, before the impact of religion on economic performance or the impact of economic performance on religion can be examined, one should first ascertain the religiosity of a country. In this case, “how Islamic are Islamic countries?” or “what is their degree of ‘Islamicity?’” In this paper, we assess, on a very preliminary basis, the adherence of Islamic countries to Islamic economic teachings and develop an Economic IslamicityIndex (EI2) to assess the extent that self-declared Islamic countries adhere to Islamic doctrines and teachings. We do this by measuring 208 countries’ adherence to Islamic Economic principles using as proxies 113 measurable variables.

scholarly journals THE IMPACT OF ESG FACTORS ON MARKET VALUE OF COMPANIES FROM TRAVEL AND TOURISM INDUSTRY

2019 ◽  
Vol 25 (5) ◽  
pp. 820-849 ◽  
Author(s):  
George H. Ionescu ◽  
Daniela Firoiu ◽  
Ramona Pirvu ◽  
Ruxandra Dana Vilag
Keyword(s):  
Economic Impact ◽  
Economic Performance ◽  
Market Value ◽  
Listed Companies ◽  
Geographic Region ◽  
Tourism Industry ◽  
Important Influence ◽  
Travel And Tourism ◽  
The Impact ◽  
The Relationship

The aim of this paper is to investigate the relationship between environmental, social, and governance (ESG) factors and firm market value for the companies from travel and tourism industry and, in the same time, to investigates the question if the association between good ESG scores for travel and tourism companies and their market value can be used as a performance predictor. The impact of extra-financial ESG performance on market value of the companies was estimated using the modified version of the Ohlson (1995) model, based on a sample of 73 listed companies, worldwide distributed, during the 2010–2015 period. The overall results of this research are consistent with the value enhancing theory (as opposed with the shareholder expense theory). From the ESG factors, the governance factor seems to have the most important influence on the market value of the selected companies, regardless of the geographic region where they are located. Thus, our findings provide new insights into the influence of each ESG factor on the market value of the companies, providing a useful tool for stakeholders to measure economic impact but also for use as a predictor of economic performance.

scholarly journals Trade unions and the economic performance of brazilian establishments

2008 ◽  
Vol 38 (1) ◽  
pp. 55-72 ◽  
Author(s):  
Naércio Aquino Menezes-Filho ◽  
José Paulo Chahad ◽  
Hélio Zylberstajn ◽  
Elaine Toldo Pazello
Keyword(s):  
Economic Performance ◽  
Performance Indicators ◽  
Trade Unions ◽  
Manufacturing Sector ◽  
Profit Sharing ◽  
Pooled Data ◽  
Low Levels ◽  
The Impact ◽  
First Time ◽  
The Relationship

This paper examines, for the first time in the literature, the impact of trade unions on various performance indicators of Brazilian establishments. A unionism retrospective survey was carried out among 1,000 establishments in the manufacturing sector and its results were matched to performance indicators available from the Brazilian Industrial Surveys between 1990 and 2000. The results using the pooled data indicate that the relationship between unionism and some performance indicators, such as average wages, employment and productivity is non-linear (concave), so that a rise in unionism from low levels is associated with higher performance, but at a decreasing rate. Unions also reduce profitability. Establishments that introduced profit-sharing schemes increased their productivity and profitability overall and paid higher wages in more unionized plants.

scholarly journals The Development Analysis of the Romanian Traditional Product Market Based on the Performance Model for Sustainable Economic Development

2019 ◽  
Vol 11 (4) ◽  
pp. 1123 ◽  
Author(s):  
Silvius Stanciu ◽  
Monica Laura Zlati ◽  
Valentin Marian Antohi ◽  
Cezar Ionut Bichescu
Keyword(s):  
Sustainable Development ◽  
Economic Performance ◽  
Performance Test ◽  
Product Market ◽  
Performance Model ◽  
Research Information ◽  
The Sustainable Development ◽  
Development Analysis ◽  
The Impact ◽  
The Relationship

This study aims at quantifying the degree of concentration of the traditional product market in Romania, and the sector’s productivity and the economic performance of the different categories of traditional products are assessed. This can highlight a correlation between the dynamics of traditional products and the regional development of the relevant markets in Romania. The second aim of this study is to analyze the relationship between the economic profitability of the traditional products and the sector’s sustainability. The third aim evaluates the relationship between the capital accumulations of specific companies and the evolution of their current assets. The information selected for the application was prospective (literature review, market observations, query, and data consolidation) and analytic revised (database analysis, hypothesis fixation, model conceptualization, model hypothesis testing, and conclusions to be drawn). The selected data were processed, aiming at developing a model for the sustainable development of the traditional products. The research information was collected based on the official registrations carried out between 2014 and 2018 by at the Ministry of Agriculture and Rural Development in Romania. During this period, Romania developed the National Traditional Product Registry (NTPR), which comprises a database of 647 traditional products. The assessment of economic performance was achieved through calculated performance test by a new proposed statistical model, named ZML. ZML suggests a market concentration analysis as an alternative to the Gini Struck method. The impact of the research consisted of an evaluation of the economic performance of traditional Romanian products in sustainable development terms.

The Impact of Cluster Diversity on Economic Performance in U.S. Metropolitan Statistical Areas

2019 ◽  
Vol 34 (1) ◽  
pp. 46-63
Author(s):  
Jing Chen
Keyword(s):  
Economic Performance ◽  
Regional Economy ◽  
Classification Systems ◽  
American Industry ◽  
Economic Stability ◽  
Metropolitan Statistical Areas ◽  
Economic Diversity ◽  
Economic Specialization ◽  
The Impact ◽  
The Relationship

Conventional wisdom indicates that economic specialization can promote growth, whereas economic stability is associated with diversified economies. This conflicting relationship between specialization and diversity has been questioned, as regional scientists have suggested that specialization and diversity can coexist in a regional economy and proposed the concept of diversified specializations. To test this proposition empirically, two Herfindahl–Hirschman Indices were used to examine the relationship between economic diversity and economic performance among 359 metropolitan statistical areas in the contiguous United States. The first index measures industry diversity across 87 three-digit North American Industry Classification Systems sectors, and the second index quantifies cluster diversity among 51 economic specializations. This analysis confirms that cluster diversity contributes to both stability and growth, and regions can simultaneously pursue both high and stable economic growth.

Enemy at the Gates

2016 ◽  
Vol 61 (10) ◽  
pp. 2105-2129 ◽  
Author(s):  
Shahryar Minhas ◽  
Benjamin J. Radford
Keyword(s):  
Civil Wars ◽  
Economic Performance ◽  
Urban Areas ◽  
Armed Conflict ◽  
Civil Conflict ◽  
Urban Centers ◽  
Gross Domestic Product Growth ◽  
Development Literature ◽  
The Impact ◽  
The Relationship

There has been much disagreement about the relationship between civil wars and state economic performance. While civil war is often associated with poor economic performance, some states have managed robust growth despite periods of domestic armed conflict. We find this disagreement results from not accounting for the spatial distribution of conflict within a country. A robust literature in economics stresses the role major cities play in economic growth. We hypothesize that the economic impact of civil conflict is contingent on the conflict’s location relative to major urban centers within a state. We use subnational data on the location of conflict relative to urban areas to test the impact of domestic conflict on annual gross domestic product growth. In doing so, we bridge the economic development literature on the importance of cities with extant literature on the effect of armed conflict to provide a novel explanation for the paradox of high macroeconomic growth in conflict-ridden countries.

Growth and Institutional Change: The Influence of the Spanish Regionalisation Process on Economic Performance

1996 ◽  
Vol 14 (1) ◽  
pp. 71-87 ◽  
Author(s):  
A Rodríguez-Pose
Keyword(s):  
Economic Growth ◽  
Institutional Change ◽  
Economic Performance ◽  
Western Europe ◽  
Positive Influence ◽  
Relative Growth ◽  
Beneficial Effects ◽  
The Past ◽  
The Impact ◽  
The Relationship

The relationship between institutional change and economic growth has been attracting great attention in recent years. However, despite some notable exceptions, researchers have been wary to approach this topic empirically. This paper represents an empirical attempt to try to unravel the impact on economic performance of what has been one of the most significant processes of institutional change in Western Europe in the past few decades—the regionalisation process—by taking the case of Spain, one of the countries where the shift from a highly centralised to a decentralised structure has been most profound. Results show that, at least in the early stages, the emergence of the Spanish regional state has had slightly beneficial effects on the relative growth performance of regions achieving the greatest level of autonomy when compared with their growth rates in the high point of Spanish centralism. Nevertheless, it is still too early to assert whether this positive influence will be a long-lasting one or can be attributed mainly to the dynamics of institutional change and, thus, will wane with time.

Are environmental strategies profitable for companies? The key role of natural competences from a resource-based view

2017 ◽  
Vol 55 (10) ◽  
pp. 2126-2148 ◽  
Author(s):  
Franck Brulhart ◽  
Sandrine Gherra ◽  
Magalie Marais
Keyword(s):  
Economic Performance ◽  
Economic Benefits ◽  
Equation Modeling ◽  
Resource Based View ◽  
Content Type ◽  
Simultaneous Development ◽  
Environmental Strategies ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to investigate the relationship between proactive environmental strategies (PES) and economic performance from a resource-based view. The authors determine the nature of this relationship and the processes and conditions that are involved. The mediating role of natural competences is a major focus, particularly the effect of their simultaneous development on economic performance. Design/methodology/approach The authors use structural equation modeling on a sample of 188 companies from the food-processing and household products industries in France. Findings The results confirm the positive impact of PES on economic performance. Unlike the natural competences individually, the simultaneous development of these competences mediates the relationship. The results also highlight the influence of conventional competences on economic performance and the impact of organizational and procedural competences on the level of simultaneously developed competences. Practical implications The study demonstrates the economic benefits of PES to practitioners. Moreover, it provides them the information on the key role of natural competences and how they can be developed to make PES profitable. Originality/value The findings support a “win-win” view of the PES-economic performance relationship, whereas prior studies showed contrasting evidence. The main contribution lies in the consideration of natural competences in this relationship and in their operationalization.

scholarly journals Promoting or Inhibiting? The Impact of Enterprise Environmental Performance on Economic Performance: Evidence from China’s Large Iron and Steel Enterprises

2021 ◽  
Vol 13 (11) ◽  
pp. 6465
Author(s):  
Rong Liu ◽  
Feng He ◽  
Jianyu Ren
Keyword(s):  
Economic Performance ◽  
Environmental Performance ◽  
Data Envelopment ◽  
Corporate Environmental Responsibility ◽  
Iron And Steel ◽  
Competitive Edge ◽  
Environmental Performance Evaluation ◽  
The Impact ◽  
The Relationship ◽  
Production And Operation

In recent years, the importance of corporate environmental responsibility has gradually become more prominent. This study combines the Slack-based Measurement (SBM) model with the “Super-efficiency” model to construct an environmental performance evaluation based on Data Envelopment Analysis (DEA), which is used to measure the environmental performance of China’s large iron and steel enterprises from 2009 to 2017. Moreover, the impact of environmental performance on enterprise economic performance is studied by regression analysis. The results show that that environmental performance and economic performance of large iron and steel enterprises in China are in an inverted U-shaped relationship. This encourages enterprises to be proactive in environmental management to maintain and enhance their competitive edge. Therefore, this research suggests that iron and steel enterprises should balance the relationship between environmental performance and economic performance, and adopt environmental protection behaviors to carry out production and operation, to maximize enterprise performance.

scholarly journals Promoting or Inhibiting? The Impact of Enterprise Environmental Performance on Economic Performance: Evidence From China's Large Iron and Steel Enterprises

2021 ◽  
Author(s):  
Rong Liu ◽  
Feng He ◽  
Jianyu Ren
Keyword(s):  
Economic Performance ◽  
Environmental Performance ◽  
Environmental Responsibility ◽  
Data Envelopment ◽  
Corporate Environmental Responsibility ◽  
Iron And Steel ◽  
Environmental Performance Evaluation ◽  
The Impact ◽  
The Relationship ◽  
Production And Operation

Abstract In recent years, people have realized the importance of corporate environmental responsibility. In this study, we combine the Slack-based Measurement (SBM) model with the "Super-efficiency" model to construct the environmental performance evaluation based on Data Envelopment Analysis (DEA) to measure the environmental performance of China's large iron and steel enterprises from 2009 to 2017. Then, it studies the impact of environmental performance on enterprise economic performance through regression analysis. The results show that the impact of environmental performance of China's large iron and steel enterprises on economic performance shows an inverted U-shaped relationship. The conclusion is helpful to encourage enterprises to actively carry out environmental management, so as to maintain and enhance the competitiveness of enterprises. Therefore, this paper suggests that iron and steel enterprises should balance the relationship between environmental responsibility and economic performance in order to maximize enterprise performance. The main purpose of this paper is to let enterprises solve the negative externalities in production through internalization, and encourage enterprises to adopt environmental protection behavior for production and operation.

scholarly journals THE OPENNESS AND ITS IMPACT TO INDONESIAN ECONOMY: A STRUCTURAL VAR APPROACH

2008 ◽  
Vol 10 (3) ◽  
Author(s):  
Iskandar Simorangkir
Keyword(s):  
Economic Performance ◽  
Forecast Error ◽  
Trade Openness ◽  
Error Variance ◽  
Structural Var ◽  
Financial Openness ◽  
Cross Sectional ◽  
Forecast Error Variance ◽  
The Impact ◽  
The Relationship

There have been long running disputes on the relationship between the degree of openness and economic performance. Based on cross-country analyses, a number of studies found that the relationship between openness and economic performance is quite mixed. Some studies discovered a positive relationship, while others found a negative or simply neutral relationship.Unlike previous studies using cross-sectional data, this study uses structural vector auto-regression (SVAR) to explore the impact of trade openness and financial openness on the Indonesian economy. The findings shows that trade openness and financial openness have negative impacts on output. The results of trade openness are quite robust; since a lack of preparation to anticipate trade openness weakens the competitiveness of Indonesian products relative to foreign products and, finally, lower output. The findings of financial openness are also robust because greater financial openness leaves the Indonesian economy more vulnerable to capital reversal, which endangers economic performance.Keywords: Openness, SVAR, forecast error variance decomposition, impulse response function.JEL Classification: F41, F43

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