scholarly journals Globalization and Its Brunt on Nigeria Global Economic Competitiveness: The Need for Holistic and Dynamic Strategies

2021 ◽  
pp. 1-06
Author(s):  
M. A. Obomeghie ◽  
Ugbomhe O. Ugbomhe
Keyword(s):  
Industrial Development ◽  
Developing Economies ◽  
Negative Relationship ◽  
Least Square Method ◽  
Developed Countries ◽  
Least Square ◽  
Developmental Problems ◽  
Economic Competitiveness ◽  
Innovation Strategies ◽  
Equal Capacity

Purpose of the study: The intensity of globalization has resulted in the near collapse of most manufacturing industries in Nigeria. Most products from Nigeria industries lack the ability to compete with similar products from developed countries. Such appalling competitiveness of the Nigeria economy has bequeathed untold hardship on the citizens of Nigeria. The rationale for undertaking this study is to determine globalisation's brunt on Nigeria's economic competitiveness empirically. Methodology: The Least Square method was employed to analyse the data collected from various statistical agencies such as the Nigeria statistical bulletin, World Economic Forum report and the United Nations Industrial Development report. The data collected is for the period spanning 2006 to 2017. Microfit 5.1 Statistical software is used in the analysis. Main Findings: The findings of the study shows that there is a negative relationship between globalization and Nigeria global economic competitiveness. The results further indicate that Nigeria’s participation in the global arena has not yielded the desired benefit associated with globalization with respect to the country’s competitiveness. Research limitations/implications: The study adds to earlier works on economic competitiveness as a sound pillar of globalization by carving out an empirical analysis of Nigeria experience with globalization. The implications of the study's findings show that Nigeria's innovation strategies significantly lag behind the innovation strategies in developed countries. Novelty/Originality of this study: This work put-forward a useful awareness into the existential challenge facing Nigeria and other developing economies in terms of equal capacity to confront their developmental problems as a result of globalization. The study further provides a pathway for Nigeria’s economic managers to overcome such challenges with dynamic strategies to achieve the desired benefits of globalization.

Impact of general trust on bank risk-taking: the moderating effect of confidence in banks

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Heba Masoud ◽  
Mohamed Albaity
Keyword(s):  
Risk Taking ◽  
Developing Economies ◽  
Negative Relationship ◽  
Developed Countries ◽  
Moderating Effect ◽  
Bank Risk ◽  
World Value Survey ◽  
Mena Region ◽  
Content Type ◽  
General Trust

PurposeThis study examines the effect of general trust (GT) and confidence in banks (CIB) on bank risk-taking. Besides, it explores the moderating role of CIB on the relationship between GT and bank risk-taking.Design/methodology/approachSecondary data was obtained from the World Value Survey, World Bank and BankFocus from 2011 to 2018. Two-step system GMM estimator was used to examine the links between the GT and CIB with bank risk-taking in MENA region.FindingsResults indicated that both GT and CIB negatively influenced bank risk-taking. Moreover, CIB weakened the negative relationship between GT and bank risk-taking. However, the results were different for MENA region as compared to the full sample.Originality/valueThe studies on the link between trust and bank risk-taking are either carried out on an international sample or using a developed economies sample. However, the authors believe that developing economies might exhibit different relationships due to cultural and structural differences present in developed countries. Besides, the authors believe that testing the moderating effect of CIB could shed more light on the differences between developing and developed countries.

scholarly journals Determinan Jumlah Uang Beredar, Tingkat Bunga, dan Inflasi Terhadap Pertumbuhan Ekonomi Indonesia

Al-Buhuts ◽  
2019 ◽  
Vol 15 (2) ◽  
pp. 45-64
Author(s):  
Adya Utami
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Money Supply ◽  
Negative Relationship ◽  
Secondary Data ◽  
Least Square Method ◽  
Least Square ◽  
Coefficient Of Determination ◽  
Independent Variable ◽  
The Interest Rate

This study aims to determine the determinants of the money supply, the interest rate, and inflation on Indonesia's economic growth in the 2009-2018 period. This research uses descriptive method and is strengthened by the OLS (ordinary least square) method with secondary data. The data used is sourced from the Central Statistics Agency and Bank Indonesia. The results of this study indicate that the money supply and the interest rate have a negative effect but inflation has a positive effect on Indonesia's economic growth. The JUB variable is not significant with a probability value of 0.1326. The JUB regression coefficient value has a negative relationship to the economic growth variable with a coefficient of 0.9288. The interest rate variable entered in the above equation turns out to be negative and significant with a probability value of 0.0571. The value of the coefficient of the exchange rate is (0.4843). The independent variable inflation gives a negative and not significant result with a probability value of 0.1134. Inflation coefficient value is 0.1724. In the equation model that uses economic growth as the dependent variable above, the magnitude of the coefficient of determination (R Squared) is 0.573429. This shows that the ability of the independent variable in explaining the diversity of the independent variables is 57.34% while the remaining 42.66% is influenced by other variables not included in the model.

scholarly journals Cluster-Based MSE Development: The Role of Kaizen Training

2015 ◽  
Vol 54 (4I-II) ◽  
pp. 609-626
Author(s):  
Tetsushi Sonobe ◽  
Keijiro Otsuka
Keyword(s):  
Developing Countries ◽  
Industrial Development ◽  
Management Practices ◽  
Developing Economies ◽  
Scientific Discovery ◽  
Developed Countries ◽  
New Combination ◽  
New Ideas ◽  
The Difference

It has been increasingly recognized that entrepreneurship holds the key to industrial development in developing countries [World Bank (2012)]. Indeed, a significant number of studies find that productivity and profitability vary greatly across enterprises even in the same industry in the same country, and that a large part of the variation can be accounted for by the difference in management practices1Identifying and supporting high-potential entrepreneurs may be the key to the success of industrial development. Entrepreneurship is the capacity to introduce new ideas into practice and to manage enterprise operations efficiently. Innovation here does not necessarily mean scientific discovery or engineering invention but the Schumpeterian creation of a new combination of production resources and new ideas to increase profits. In the context of developing economies, innovation includes borrowing technology or learning from abroad. The first introduction of products and production processes from developed countries into a developing country and the first adoption of management practices that may be common in developed countries but are novel in developing countries are considered to be innovations.

scholarly journals Impact of Capital Inflows on Economic Growth of Developing Countries

2015 ◽  
Vol 1 (7) ◽  
pp. 7-21
Author(s):  
Chigbu Ezeji E ◽  
Ubah Chijindu Promise ◽  
Chigbu Uzoamaka S
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Developing Economies ◽  
Positive Impact ◽  
Unit Root Test ◽  
Least Square Method ◽  
Least Square ◽  
Capital Inflows ◽  
Long Run ◽  
The Impact

This study examines the impact of capital inflows on economic growth of developing economies; the case of Nigeria, Ghana and India from 1986-2012. This is necessitated by the doubts being raised as whether the huge inflows of foreign capital in developing economies over the years have transmitted to real economic growth. Augmented Dickey Fuller unit root test was employed to evaluate the stationarity of the data, while Johansen Co-integration was used to estimate the long-run equilibrium relationship among the variables. The casual relationship was tested using Granger Causality, and Ordinary Least Square method was used to estimate the model. The findings reveals that capital inflows have significant impact on the economic growth of the three countries. In Nigeria and Ghana, foreign direct and portfolio investment as well as foreign borrowings have significant and positive impact on economic growth. Workers’ remittances significantly and positively related to the economic growth of the three countries. The enabling environment should be created in the developing countries to encourage more inflow of foreign investments and workers remittances. This will help in closing the savings-investment gap and encourage economic growth in these countries. The study signifies that capital inflows is indispensable in closing the savings-investment gap required for economic growth of developing countries.

Do Female Directors Signal Indian SME IPOs Quality? Evidence From a Quantile Regression Approach

2020 ◽  
pp. 097215092091180
Author(s):  
Nischay Arora ◽  
Balwinder Singh
Keyword(s):  
Quantile Regression ◽  
Initial Public Offerings ◽  
Negative Relationship ◽  
Developed Countries ◽  
Least Square ◽  
Women Directors ◽  
Public Offerings ◽  
Ipo Performance ◽  
Female Directors ◽  
The Impact

The purpose of this article is to examine the influence of female directors on the underpricing of small and medium enterprise (SME) initial public offerings (IPOs) in an emerging country like India which is relatively a fruitful setting to investigate. The research in relatively underexplored area is undertaken using a sample of 403 SME IPOs issued between 2012 and 2018. Ordinary least square (OLS) regression (mean regression) and quantile regression (QR, median regression) has been used to examine the signaling role of female directors on listing day performance of Indian SME IPOs. The results unveil that presence of female directors on IPO board reduces the underpricing. However, the negative relationship lacks statistical association between the variables. Similar results have been obtained when proportion of female directors instead of female dummies is used to gauge the impact on underpricing. The study highlights the need to increase the proportion of women directors on board to break the ‘glass ceiling’ and capitalize their talent for improving IPO performance. The extant research investigating the impact of female directors has largely been concentrated on larger companies in developed countries. Thus, the present research contributes to the literature by examining its influence in context of IPOs of smaller firms which needs effective signals to communicate true quality to investors thereby gaining societal legitimacy.

scholarly journals Determinants of Internationalization of SMEs using Partial Least Square

2020 ◽  
Vol 6 (1) ◽  
pp. 116
Author(s):  
Zahariah Mohd Zain ◽  
Azurin Sani ◽  
Ahmad Shazeer Mohamed Thaheer
Keyword(s):  
Least Square Method ◽  
Developed Countries ◽  
Global Market ◽  
Influential Factors ◽  
Partial Least Square ◽  
External Factors ◽  
Least Square ◽  
Internal Factors ◽  
Lack Of Information ◽  
Partial Least Square Method

Internationalization provides various strategic benefits to the SMEs. It might increase the firm’s sales and revenue and be able to sustain in the economy for a longer period. However, the lack of information may become a challenge to the business, thus it is not easy to carry out the internationalization successfully due to limited resources and capabilities. On the other hand, influential factors on SMEs internalization have been discussed in developed countries, yet some developing countries are still struggling for empirical evidence. Some SMEs are facing difficulties in entering the global market as they have zero or less information on it while some of them successfully entered the market and can compete internationally. This indicates that every SMEs has the opportunity to internationalize their goods or services with proper understanding and better information about the global market. Prior studies have been carried out on factors influencing internationalization of SMEs however this study has been done specifically on internationalization of the SMEs in Malaysia. The determinants of internationalization investigated are internal factors, external factors, and networking, using partial least square method. The outcome of this study indicated that external factors, internal factors, and networking do not have any significant relationship with SMEs decision to internationalize.

scholarly journals Enigmatic Role of Female Directors on Boards towards Corporate Performance. An Empirical Study

2021 ◽  
Vol 7 (2) ◽  
pp. 311-318
Author(s):  
Areeba Khan ◽  
Sohail Saeed
Keyword(s):  
Organizational Performance ◽  
Structural Model ◽  
Negative Impact ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Least Square Method ◽  
Partial Least Square ◽  
Least Square ◽  
Regulatory Requirement ◽  
Female Directors

Purpose: The presence of female members on boards is quite enigmatic. Almost every academic author argues that female directors’ contribution in the board room is positive and significant, and their presence, improves organizational performance. This study purpose is to figure out the link between female members and organizational performance. Design/Methodology/Approach: For the purpose, Partial least square method of regression is used to develop the relationship.  The measurement and structural model and theories are used to codevelop the formative constructs. Secondary data is used and collected from Pakistan stock exchange. Those KSE-100 companies are used in which female directors were there in any year from 2005 till 2012. Findings: The results reveal that there was a negative relationship, empirically, which strengthened the notion that female directors in Pakistan are just the cosmetic face of board of directors and more female directors on board hinder the firm performance. Female members on the board had negative impact on the financial measures of return on equity and assets turnover. Implications/Originality/Value: This study is helpful for the businesses in Pakistan to rely and utilize the knowledge, innovative skills and experience of female directors rather than to fill the seat as a regulatory requirement.

scholarly journals Corporate Social Performance and Corporate Financial Performance: A Link for the Indian Firms

2013 ◽  
Vol 7 (1) ◽  
pp. 4 ◽  
Author(s):  
Rupal Tyagi ◽  
Anil K. Sharma
Keyword(s):  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Negative Relationship ◽  
Least Square Method ◽  
Least Square ◽  
Corporate Financial Performance ◽  
Corporate Social ◽  
First Time ◽  
The Relationship

The present study addresses the issue of the relationship between Corporate Social performance and corporate Financial Performance in Indian context under good management theory. The study used S&P ESG India Index as a proxy of CSP/ CSR (Corporate social performance or Corporate Social Responsibility) of Indian firms for the first time over the 2005–2011 periods. We designed econometric models and controlled industry specific attributes and performed Weighted Least Square method for the analysis. Overall results show neutral though modest negative relationship between the CSP and CFP which eventually informs that if there would be any relationship, it would be negative.

scholarly journals The Influence of ASEAN Bond Market Integration in the Philippines’ Inflationary Pressures, Credit Expansions, and its Challenges

2022 ◽  
Vol 4 (1) ◽  
pp. 13-36
Author(s):  
Jan Co ◽  
Hannah Lo Chiong ◽  
Louie Uy ◽  
RONALDO R. CABAUATAN
Keyword(s):  
Market Integration ◽  
Negative Relationship ◽  
Least Square Method ◽  
The Philippines ◽  
Bond Market ◽  
Least Square ◽  
Gdp Growth ◽  
Bond Markets ◽  
Market Index ◽  
Depth Analysis

Bond markets have grown mature in many countries; however, the quality of financial integration varies across ASEAN economies. In the case of bond markets in the ASEAN +3, they experienced fast development; however, they are still less integrated. This study attempts to examine the ramifications of the ASEAN bond market integration and past crises to the Philippines’ inflation, credit, and growth and identify what impedes the development of the bond market for the period of 1992 to 2017. The study also aims to have a more in-depth analysis on preventing rises from happening and controlling both credit expansions and inflationary pressures. The Ordinary Least Square method (OLS) was used to examine the relationship of inflation, credit, bond market index, real interest rate, and integration to the Philippines’ growth. This led to this paper providing empirical insights that credit has a significant positive relationship with GDP growth; while, inflation has a significant negative relationship with GDP growth. However, the bond market index and integration showed insignificant negative results. This study provides possible reasons for the said conclusion and suggests ways not only to develop and grow the debt market in the Philippines but also to sustain long-run economic stability and growth to become on par with other ASEAN economies.

scholarly journals Pengujian Empiris Pengaruh Ketidakpastian Kebijakan Ekonomi Amerika Serikat Terhadap Dinamika Perekonomian Indonesia

2020 ◽  
Vol 7 (1) ◽  
pp. 82
Author(s):  
Suwito Suwito ◽  
Siswoyo Hari Santosa ◽  
Duwi Yunitasari
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Exchange Rates ◽  
Least Square Method ◽  
Developed Countries ◽  
The United States ◽  
Least Square ◽  
Economic Policies ◽  
Ordinary Least Square ◽  
The Relationship

The global economic uncertainy situation is one of the phenomena that occurs at this time. Erratic economic policies in developed countries have an impact on the economy in developing countries. This study analyzes the influence of uncertainty in US economic policy on the dynamics of the Indonesian economy. Estimates using the Ordinary Least square method are used to determine the relationship between variables. Then the data used in this study began in 1998Q1-2016Q4. The estimation results show that the dynamics of uncertainty in US economic policies have a significant effect on the Indonesian economy. EPU variables, US exchange rates, and have a significant effect on Indonesia's economic growth. This result is proven by the IRF which indicates the response from the EPU fluctuation which was responded to by the GDP variable in Indonesia. These conditions indicate that the uncertainty of the economic policies of the United States affects the performance of the Indonesian economy.

Sign in / Sign up

Export Citation Format

Share Document