scholarly journals The Role of Competition as a Mediator Between Financial Liberalization and Financial Stability

2019 ◽  
Vol 5 (2) ◽  
pp. 51 ◽  
Author(s):  
Nur Afizah Muhamad Arifin ◽  
Noraini Mohd Arifin ◽  
Zulkufly Zulkufly Ramly ◽  
Maryam Jameelah Hashim

The shift from financial repression to financial liberalization causes cross-border capital flows and brought dramatic changes to the financial sector. In this regard, the financial sectors, acts as financial intermediary which plays a significant role in mobilizing funds between surplus and deficit units. Furthermore, financial liberalization creates higher competition and could have negative impact towards financial stability due to excessive risk taking. This study’s research model focuses on examining the impact of competition on the relationship between financial liberalization and financial stability. This model was analyzed by using the PLS-SEM and it was found that the measurement model explains 19% of the substantial amount of variance in financial stability. Based on this finding, this study will theoretically contribute in extending the competition stability view and competition fragility view as determiners of financial stability. Based on the empirical results, it can be concluded that in the presence of competition, financial liberalization has a significant effect on financial stability 

2018 ◽  
Vol 33 (3) ◽  
pp. 277-290 ◽  
Author(s):  
Bashar S. Gammoh ◽  
Michael L. Mallin ◽  
Ellen Bolman Pullins ◽  
Catherine M. Johnson

Purpose The purpose of the study is to address the gap in understanding how the brand influences sales outcomes by focusing one’s attention on the salesperson perceptions of the brand and the salesperson brand selling confidence. Design/methodology/approach The study uses a cross-section survey of professional salespeople. SmartPLS was used to estimate the measurement model and test the hypothesized path relationships. Findings The study’s results indicate that salespeople who believe in the strength of the brands they represent are more likely to identify with the brand, are more confident in selling the brand and, overall, tend to perform better, have higher job satisfaction and are more committed to their companies. Originality/value This paper contributes to the sales literature by further exploring the relationship between the brand and sales function in the firm. This area has recently received academic attention but has not yet considered the mediating processes that connect the two areas. This study identifies perceptions of brand strength and brand selling confidence as mechanisms that mediate the impact of brand on sales outcomes.


2020 ◽  
pp. 1369-1378
Author(s):  
Marianne Ojo ◽  
Olusegun Felix Ayadi

Should regulatory incentives which incorporate the lowering of environmental and labor standards, generate life threatening and environmental repercussions, as well as those resulting in moral hazard and excessive risk taking levels, be encouraged? This chapter not only investigates whether central bank independence is positively correlated with inflation, but also highlights other variables which could impact the relationship between Corporate Social Responsibility and Foreign Direct Investment. It will highlight why a continuous need for updating of data is necessary given the inability to capture data specific variables and why the introduction of complementary standards would serve to bolster measures aimed at promoting financial stability and encouraging investors – rather than incentives aimed at diluting such standards. In so doing contributes to previous and current literature on the topic – by way of reference to investigations and studies which have revealed concerns in the ability to adequately capture data – particularly in light of the recent 2008/2009 Financial Crisis.


Author(s):  
Prerna Chhetri ◽  
Nikhat Afshan ◽  
Srabasti Chatterjee

An understanding of politics at workplace is of utmost importance as it is an inherent part of workplace activities. It is evident in processes such as decision making, allocation of resources. This study investigated the effect of perceived organizational politics (POP) on workplace attitudes such as job satisfaction, organizational commitment and turnover intentions. Further, the paper investigated the role of Leader-Member-Exchange (LMX) on the relationship between perceived organizational politics and workplace attitude. The hypothesized relationship was tested on a sample of 228 employees from Indian IT sector. Factor Analysis on POP suggested that variables can be summarized by two factors; Perceived Politics in organizational management (POP1) and Perceived Politics in co-workers (POP2). The findings suggest that there exists a negative relation between POP and workplace attitude. The results show that incase of the relationship between POP and workplace attitude, the part of organizational politics related to management has shown a significant negative impact on organizational commitment, job satisfaction, and a positive relation to turnover intention. With regard to the role of LMX in the relation between POP and workplace attitudes, results of LMX as a moderator have confirmed to the hypothesis.


2019 ◽  
Vol 11 (6) ◽  
pp. 137 ◽  
Author(s):  
Sanghyun Kim ◽  
Hyunsun Park ◽  
Moon Jong Choi

Social network service (SNS) information has benefited many individuals. However, as such information has increased exponentially, the number of SNS users has increased dramatically and negative effects of SNSs on users have emerged. Many SNS users experience negative psychological conditions such as fatigue, burnout, and stress. Thus, in this study, we investigated the SNS and user characteristics that affect SNS fatigue, living disorder, and reduced SNS use intention. We developed a research model to examine the impact of two SNS characteristics (irrelevant information overload and open reachability) and two user characteristics (engagement and maintaining self-reputation) on SNS fatigue. We also examined the role of the experience of privacy violations in the relationship between living disorder and reduced SNS use intention. We collected data from 579 SNS users and created a partial least squares structural equation model to test the hypotheses. The results of the analysis showed that three factors, other than open reachability, positively affected SNS fatigue. Furthermore, we found that SNS fatigue significantly affected living disorder and reduced SNS use intention, and that experience of privacy violations significantly affected the relationship between living disorder and reduced SNS use intention. These results expand our understanding of SNS fatigue and users’ negative behaviors.


2022 ◽  
Vol 38 (1) ◽  
pp. 128-138
Author(s):  
Ester Grau-Alberola ◽  
Hugo Figueiredo-Ferraz ◽  
Jorge Jesús López-Vílchez ◽  
Pedro R. Gil-Monte

Psychosocial risks arising from work, like workload, have a negative impact on the quality of work life, especially in terms of the deterioration in working conditions and negative consequences for employees’ health. The style of leadership exercised is key in coping with perceived psychosocial risks. The purpose of this study was to analyse the influence of transformational leadership and workload on psychosomatic disorders, and the moderating role of transformational leadership in the relationship between workload and psychosomatic disorders. The sample consisted of 408 Spanish employees working with people with intellectual disabilities. Workload and Psychosomatic disorders were measured by the UNIPSICO subscales, Transformational leadership was measured by a subscale adapted from the Multifactor Leadership Questionnaire (Bass & Avolio, 1989). Carrying out moderation analysis in PROCESS 3.4 results showed that both Workload and Transformational leadership had a significant influence on Psychosomatic disorders. In addition, Transformational leadership moderated the relationship between Workload and Psychosomatic disorders. Transformational leadership buffers the impact of workload on employees’ health and therefore in the need to carry out training programs for managers in organizations in order to exercise a healthy management. Los riesgos psicosociales derivados del trabajo, como la sobrecarga laboral, tienen un impacto negativo en la calidad de vida laboral, especialmente en el deterioro de las condiciones laborales y en la salud de los empleados. El estilo de liderazgo ejercido es clave en el afrontamiento de los riesgos psicosociales percibidos. El propósito de este estudio fue analizar la influencia del liderazgo transformacional y la sobrecarga laboral sobre los problemas psicosomáticos, y el papel moderador del liderazgo transformacional en la relación entre sobrecarga laboral y problemas psicosomáticos. La muestra consistió en 408 empleados españoles que trabajan con personas con discapacidad intelectual. Sobrecarga laboral y Problemas psicosomáticos se midieron con las subescalas UNIPSICO y Liderazgo transformacional se midió con una subescala adaptada del Cuestionario Multifactorial de Liderazgo (Bass & Avolio, 1989). El análisis de moderación mediante PROCESS 3.4 mostró que tanto Sobrecarga laboral como Liderazgo transformacional tuvieron una influencia significativa sobre Problemas psicosomáticos. Además, Liderazgo transformacional moderó la relación entre Sobrecarga laboral y Problemas psicosomáticos. El liderazgo transformacional amortigua el impacto de la sobrecarga laboral en la salud de los empleados y, por lo tanto, se destaca la necesidad de implementar programas de capacitación para directivos en las organizaciones con el fin de ejercer una gestión saludable.


2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Agurne Sampedro ◽  
Javier Peña ◽  
Pedro Sánchez ◽  
Naroa Ibarretxe-Bilbao ◽  
Nagore Iriarte-Yoller ◽  
...  

AbstractFunctional impairment remains one of the most challenging issues for treatment in schizophrenia. However, previous studies have mainly focused on the negative impact of symptoms excluding variables that could positively impact functional outcome, such as creativity, which is considered an adaptive capacity for real-life problem-solving. This study analyzed the predictive role of creativity on functional outcome in 96 patients with schizophrenia through a mediational model, including sociodemographic, clinical, neurocognitive, and social cognitive variables. Path analysis revealed that creativity significantly mediated the relationship between neurocognition and functional outcome, and that creativity mediated between negative symptoms and functional outcome. Additionally, neurocognition was directly associated with functional outcome and social functioning was associated with creativity. The involvement of creativity in functional outcome could have relevant implications for the development of new interventions. These findings open up a new field of research on additional personal resources as possible factors of functional outcome in schizophrenia and other diseases.


Author(s):  
Theresia Woro Damayanti ◽  
Ronny Prabowo ◽  
Usil Sis Sucahyo ◽  
Supramono Supramano

The article describes a new idea: the effect of top managers’ gender on tax compliance that is mediated by perceived tax burdens. This study also analyses the impact of perceived tax burdens on tax compliance as moderated by perceived corruption practices. Using data from the World Bank’s survey on 6,533 firms in the Association of Southeast Asian Nations countries and analyzing the data using a multiple regression analysis and Haye’s bootstrapping, the results confirm the mediating effect of perceived tax burdens on the effect of gender on tax compliance. The study also empirically shows that corruption strengthens the negative impact of perceived tax burdens on tax compliance. The contribution of this study is twofold. First, we fill in the research gap on the mediating role of perceived tax burdens and the moderating role of perceived corruption practices in the tax compliance context. Second, this study informs policymakers that they need to balance their gender equality policies with serious efforts to instill awareness on tax obligations and support anti-corruption institutions to prevent and crack down on corruption cases.


2021 ◽  
Vol 2 (1) ◽  
pp. 71-88
Author(s):  
Santosa Santosa

Technological disruption has an impact on fundamental changes in the order of human life. The disruption of technology has a positive and negative impact on human life. Facing the change and the impact of the technological disruption, the role of parents is very important in shaping leadership in children. This research was conducted by studying literature and text analysis of the Book of Deuteronomy 6:6-9. The results of this study aim to describe the urgency of the role of parents in building children's leadership according to Deuteronomy 6:6-9 in an era of technological disruption. The conclusion is the urgency of the role of parents in building children's leadership in an era of technological disruption according to Deuteronomy 6:6-9, among others: 1) To become spiritual educators of children. 2) Become a role model for spiritual discipline. 3) Discipline the spiritual growth of children. 4) Improve the relationship with children. 5) Give children responsibility for their spiritual growth. 6) Become a role model in healthy social media.AbstrakDisrupsi teknologi berdampak terhadap perubahan tatanan kehidupan manusia secara fundamental. Disrupsi teknologi memberi dampak positif dan negatif bagi kehidupan manusia. Menghadapi perubahan dan dampak akibat disrupsi teknologi, peran orang tua sangat penting dalam membentuk kepemimpinan dalam diri anak. Penelitian ini dilakukan dengan studi literatur dan analisis teks Kitab Ulangan 6: 6-9. Hasil penelitian ini bertujuan mendiskripsikan urgensi peran orang tua membangun kepemimpinan anak menurut Kitab Ulangan 6: 6-9 di era disrupsi teknologi. Diperoleh kesimpulan urgensi peran orang tua membangun kepemimpinan anak di era disrupsi teknologi menurut Ulangan 6: 6-9 antara lain: 1) Menjadi pendidik rohani Anak. 2) Menjadi role model disiplin rohani. 3) Mendisiplin pertumbuhan rohani anak. 4) Meningkatkan relasional dengan anak. 5) Memberi tanggungjawab anak terhadap pertumbuhan rohaninya. 6) Menjadi role model bermedia sosial sehat.


2017 ◽  
Vol 64 (3) ◽  
pp. 315-336 ◽  
Author(s):  
Hichem Saidi ◽  
Houssem Rachdi ◽  
Nidhal Mgadmi

This paper provides a comprehensive review of the literature on the dual effect of financial liberalization over more than three decades, starting from the independent contributions of Ronald I. McKinnon and Edwards S. Shaw on this topic. In this regard, the paper revisits the effects of financial liberalization and governance on growth. Moreover, it presents a summary of current research in this area, covering the conclusions of the endogenous growth models, issues on volatility and the relationship between financial liberalization, institutions, governance and economic growth. To study data of 54 countries from 1985 to 2010 and because the nexus between financial liberalization and economic growth is nonlinear and depends on specific national factors especially institutions quality and governance, the Panel Smooth Transition Regression (PSTR) model is used. The main result of this study shows that a better contribution of financial liberalization to economic growth requires the interrelationship and the complementarity between financial liberalization and governance. Overall, regardless of the level of liberalization, output income is always higher with better governance and institutions.


2020 ◽  
Vol 6 (2) ◽  
pp. 62
Author(s):  
Nur Afizah Muhamad arifin ◽  
Noraini Mohd Arifin ◽  
Zulkufly Ramly ◽  
Maryam Jameelah Mohd Hashim ◽  
Nor Farradila Abdul Aziz ◽  
...  

Financial liberalization will affect the stability of the financial system due to excessive risk. Liberalization effort in Islamic banks players raises the issues of the ability of how Islamic banks can survive in the financial liberalization regime. Financial liberalization induced competition and thus impact on financial stability due to excessive risk taking. Malaysia is operating in dual financial system, the effect of mediating roles of competition and interest rate between financial liberalization is expected to be vary at some extend due to shariah constraint. This paper aims to analyze the effect financial liberalization and financial stability. Structural equation model – Partial least square (PLS-SEM) is used to analyze the research model with a comprehensive data set covering the Islamic banks over 1994 -2017. The empirical results denote a significant negative impact of financial liberalization on Islamic banks' financial stability in Malaysia. Lastly, it can be concluded that this study has an implication for policymakers and the banking industry Financial liberalization will affect the stability of the financial system due to excessive risk. Liberalization effort in Islamic banks players raises the issues of the ability of how Islamic banks can survive in the financial liberalization regime. Financial liberalization induced competition and thus impact on financial stability due to excessive risk taking. Malaysia is operating in dual financial system, the effect of mediating roles of competition and interest rate between financial liberalization is expected to be vary at some extend due to shariah constraint. This paper aims to analyze the effect financial liberalization and financial stability. Structural equation model – Partial least square (PLS-SEM) is used to analyze the research model with a comprehensive data set covering the Islamic banks over 1994 -2017. The empirical results denote a significant negative impact of financial liberalization on Islamic banks' financial stability in Malaysia. Lastly, it can be concluded that this study has an implication for policymakers and the banking industry


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