scholarly journals Impact of Social and Religious Beliefs on SMEs Intention towards Adoption of Formal Finance: A Proposed Model

2016 ◽  
Vol 2 (2) ◽  
pp. 167-174 ◽  
Author(s):  
Rabia Rasheed ◽  
Maria Abdul Rahman
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Financial Institutions ◽  
Religious Beliefs ◽  
Financial Behavior ◽  
Sociocultural Factors ◽  
Proposed Model ◽  
The World ◽  
Formal Finance ◽  
The Impact

Purpose: SMEs play an important role towards economic growth by generating employment and alleviating poverty, thus, SMEs importance is more evident in developing countries. Despite major contribution ineconomic development, SMEs around the world are facing several challenges including use of formal finance. This study seeks to investigate the impact of both social and religious beliefs of SMEs owner-managersattitude and their intention towards taking formal finance. Methods: Qualitative inductive methodology has been applied using literature review.Results: This study proposed a conceptual framework to elaborate sociocultural factors of owner mangers influencing SMEs' decision making with application of Theory of Reasoned Action.Implications: Findings of the study will be helpful for the financial institutions to better understand the financial behavior of SMEs owner managers in Pakistan.

DEVELOPMENT TRENDS OF THE AGRICULTURAL SECTOR IN UZBEKISTAN

2021 ◽  
Vol 4 (5) ◽  
pp. 50-56
Author(s):  
Lochinbek Faizullaevich Amirov ◽  
Keyword(s):  
Economic Growth ◽  
Financial Institutions ◽  
Agricultural Sector ◽  
Economic Conditions ◽  
International Financial Institutions ◽  
Development Trends ◽  
The World ◽  
Main Driver ◽  
The Republic ◽  
The Impact

This article is devoted to ensuring the sustainability of the agricultural sector of the economy of Uzbekistan and the organizational and economic conditions created in this area. Particular attention is paid to the priorities outlined in the Strategy for the Development of Agriculture of the Republic of Uzbekistan for 2020-2030, and the tasks for their implementation, ensuring the achievement of forecast development parameters, the participation of international financial institutions in turning this sector into an industry. the main driver of economic growth. The aspects of the impact of the coronavirus pandemic on agriculture in the world and in Uzbekistan were considered, measures taken to mitigate its consequenceswere described

scholarly journals The impact of capital markets on the economic growth in South Africa

2015 ◽  
Vol 4 (1) ◽  
pp. 154-163
Author(s):  
Queen Sarah Khetsi ◽  
Itumeleng Pleasure Mongale
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Financial Institutions ◽  
Capital Markets ◽  
Stock Markets ◽  
Positive Relationship ◽  
Empirical Literature ◽  
The World ◽  
The Impact

Capital markets are institutions that actively play a role in the development of an economy. This study investigates the impact of capital markets on economic growth in South Africa from 1971-2013. The results indicated that there is a positive relationship between economic growth and capital markets in South Africa. Furthermore, the country should focus on factors that contribute to the development of capital markets, such as the development of financial institutions. The study contributes to the existing body of empirical literature with regards to economic growth and capital markets, especially with reference to stock markets as South Africa has one of the largest stock markets (JSE) in the world.

scholarly journals Impact of foreign direct investment on economic growth in the world during 1975–2015

2018 ◽  
Vol 20 (91) ◽  
pp. 28-32
Author(s):  
B. B. Brychka
Keyword(s):  
Economic Growth ◽  
Literature Review ◽  
Regression Models ◽  
Trade Openness ◽  
Positive Influence ◽  
Linear Regression Models ◽  
Average Value ◽  
Gdp Growth Rate ◽  
The World ◽  
The Impact

The study is concentrated on examination the impact of FDI on economic growth in the World during 1975–2015. The study consists of four consecutive parts, including introduction, literature review, model and methodology, data, empirical results and conclusion. Each part of the study is focused on its own goals. According to the results of the literature review, there is positive influence of FDI on economic growth in various countries. Economic growth is one of the most important goals of any country. The country image on the international level is dependent on its economic power. Economic growth provides an opportunity to improve the living standards in the country. Most researchers conclude that there is a positive influence of FDI on the countries’ economic growth. However, the impact of FDI is strong in developing countries. Moreover, this relationship is stronger in countries with higher educational and technological level, trade openness and development of the countries’ stock markets. Economists often build regression models to estimate the relationship between the variables. In order to find the impact of FDI on economic growth, we are going to apply linear regression models. We take two variables as indicators of the countries’ economic growth, including current GDP expressed in U.S dollars, and annual GDP growth rate. Taking into account that the World’s GDP in current U.S dollar is a factor variable with the mentioned resulting variables, the regression equation looks as follows: The R-squared of the built model is 0.99, indicating that roughly 100% of changes in the World’s GDP is caused by the chosen factors. As it is seen from the SAS output, the residuals of dependent variable and factors variables are distributed normally among its average value. Thus, non-normality is not observed in the model. Taking into account the coefficients of the factor variables, the log GDP is most sensitive to the changes in trade as a percent of GDP. The log GDP is not quite sensitive to the changes in FDI, since the coefficient of 0.000128 means that increasing of FDI by one unit increase the logarithmic value of GDP by $ 0.000128.

scholarly journals Financial system and growth and economic development

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 160-170
Author(s):  
Małgorzata Hala
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Real Sector ◽  
The Real ◽  
State And Local ◽  
The Impact

The aim of the article is to present the role of the financial system in economic growth and development. The first part presents the traditional understanding of the relationship between the economic system and economic growth. The second part presents the experience of financial crises and their impact on the conversation on the mutual relations between the financial sector and the real sector. The third part shows the role of the state in the financial system. The article describes the arrangement of interrelated financial institutions, financial markets and elements of the financial system infrastructure.  It shows what part of the economic system the financial system is, and whether it enables the provision of services allowing the circulation of purchasing power throughout the economy. The article presents the important role of the financial system, the role related to the transfer of capital from entities with savings to entities that need capital for investments. It shows the financial system as a set of logically related organizational forms, legal acts, financial institutions and other elements enabling entities to establish financial relations in the real sector and the financial sector, and this system forms the basis of activity for entities using money, enabling the conclusion of various economic transactions, in which money performs various functions. The article also presents the concept of a financial crisis as a situation in which there are rapid changes in the financial market, usually associated with insufficient liquidity or insolvency of banks or financial institutions, and as a result, a decrease in production or its deepening. The article also includes issues related to the impact of public authorities (state and local authorities) on the financial system in the economy.

scholarly journals Heuristics, biases and traps in managerial decision making

2013 ◽  
Vol 61 (7) ◽  
pp. 2117-2122
Author(s):  
Peter Gál ◽  
Miloš Mrva ◽  
Matej Meško
Keyword(s):  
Decision Making ◽  
Systematic Errors ◽  
Small Samples ◽  
Evidence Based ◽  
Managerial Decision ◽  
Initial Information ◽  
Representativeness Heuristic ◽  
Starting Point ◽  
The World ◽  
The Impact

The aim of the paper is to demonstrate the impact of heuristics, biases and psychological traps on the decision making. Heuristics are unconscious routines people use to cope with the complexity inherent in most decision situations. They serve as mental shortcuts that help people to simplify and structure the information encountered in the world. These heuristics could be quite useful in some situations, while in others they can lead to severe and systematic errors, based on significant deviations from the fundamental principles of statistics, probability and sound judgment. This paper focuses on illustrating the existence of the anchoring, availability, and representativeness heuristics, originally described by Tversky & Kahneman in the early 1970’s. The anchoring heuristic is a tendency to focus on the initial information, estimate or perception (even random or irrelevant number) as a starting point. People tend to give disproportionate weight to the initial information they receive. The availability heuristic explains why highly imaginable or vivid information have a disproportionate effect on people’s decisions. The representativeness heuristic causes that people rely on highly specific scenarios, ignore base rates, draw conclusions based on small samples and neglect scope. Mentioned phenomena are illustrated and supported by evidence based on the statistical analysis of the results of a questionnaire.

The Impact of Defense Investment on Economic Growth in the Perspective of Time Series

2014 ◽  
Vol 5 (4) ◽  
pp. 44-58
Author(s):  
Bin Pan ◽  
Shih-Yung Wei ◽  
Xuanhua Xu ◽  
Wei-Chiang Hong
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Private Investment ◽  
Investment Risk ◽  
Demand And Supply ◽  
Economic Growth Rate ◽  
Proposed Model ◽  
Endogenous Growth Model ◽  
The Impact ◽  
The Relationship

By considering the demand and supply effects of defense investment and the uncertainty of the stochastic process of the production and defense investment, this study proposes a stochastic endogenous growth model to explore the impact of defense investment on economic growth. The results suggest that the relationship between defense investment and economic growth rate is nonlinear and obtains the optimal percentage of defense investment to maximize economic growth. Moreover, the impact of defense investment volatility on economic growth rate is subject to production and defense investment interference term's covariance and representative private investment risk preference. Finally, the empirical data are used to illustrate the applicability of the proposed model.

scholarly journals The use of tools and approaches of system dynamics in the analysis of the efficiency of BIM implementation and its impact on the management and planning of investments in the construction sector

2019 ◽  
Vol 279 ◽  
pp. 01011
Author(s):  
Martin Hotový
Keyword(s):  
Decision Making ◽  
System Dynamics ◽  
Dynamic Model ◽  
Investment Decision ◽  
Construction Sector ◽  
Strategic Investment ◽  
Investment Projects ◽  
Investment Decision Making ◽  
Proposed Model ◽  
The Impact

This paper presents the use of tools and approaches of system dynamics in the analysis of the efficiency of BIM tools implementation in relation to the management and planning of investments in the construction sector. The dynamic model based on the approach of system dynamics allows to simulate the impact rate (range) of BIM implementation in strategic investment decision-making in the construction sector. Based on the analysis, the key parameters critically affecting the large construction investment projects are determined. The proposed model is implemented as a submodel in the dynamic model designed for potential refinements in the strategic planning of the extent of investments into projects of civil infrastructure of the Czech Republic. The model allows to test different strategies in the virtual world before their implementation. The prediction of future developments based on the proposed model allows to streamline planning and decision-making processes.

Simulation of consumers decision-making process using agent-based model approach

2019 ◽  
Vol 10 (06) ◽  
pp. 1950037
Author(s):  
Daniel Soto Forero ◽  
Yony F. Ceballos ◽  
German Sànchez Torres
Keyword(s):  
Decision Making ◽  
Fuzzy Logic ◽  
Real Data ◽  
World Market ◽  
Decision Making Process ◽  
Agent Based ◽  
Dynamic Social Network ◽  
Proposed Model ◽  
The World ◽  
Model Approach

This paper describes a model to simulate the decision-making process of consumers that adopts technology within a dynamic social network. The proposed model use theories and tools from the psychology of consumer behavior, social networks and complex dynamical systems like the Consumat framework and fuzzy logic. The model has been adjusted using real data, tested with the automobile market and it can recreate trends like those described in the world market.

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