Journal of Advanced Research in Economics and Administrative Sciences

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ISSN : 2708-9320
Total articles ≅ 29
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Amir Ali Khushk, Zhang Zengtian, Nasir Aman
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 35-49; doi:10.47631/jareas.v2i2.223

Abstract:
Purpose: This study investigated the role of job pressure in the relationship between organizational politics and turnover intent among faculty members in universities in Pakistan. This study also assessed the impact of politics at the workplace among faculty members in the universities of Pakistan Methodology/Approach/Design: This study was performed in Pakistan, using primary data collected through a questionnaire. The total number of participants was 270. A convenient sampling technique was employed for selecting the sample. The majority of the respondents were from the Punjab province followed by Sindh province, KPK, and Baluchistan. Two independent variables perceived organizational politics and job stress, and one dependent variable, Turnover intention, were considered for this research. Reliability analysis and multiple regressions were used as data analysis in this study. Results: The independent variable i:e Perceived organizational politics selected for the research is found to be positive and significant with relation to the dependent variable i:e Turnover Intention. This means the management can predict the turnover intention of employees by taking into consideration the variables such as organizational politics, and mediating variable- job stress. Practical Implications: The practical implication of this research will help the management to control the effects of politics in the organization on the job of faculty members and design policies and training to engage and deal with the stress caused by organizational politics and retain the employees and decrease the turnover rate in universities. Originality/Value: This is one of the few studies that evaluate the effect of politics on turnover intention due to job stress in the context of Universities. This is important for both academia and scholars alike. Numerous studies recently paid attention to the impact of work politics on turnover intent. Thus, this analysis would aggregate the variable of past studies along with job stress, to check the effect on turnover intention.
Peninah Jepkogei Tanui, Bramwel Murgor Serebemuom
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 65-77; doi:10.47631/jareas.v2i2.235

Abstract:
Purpose: The study tested the hypothesis about the relationship between corporate diversification and financial performance. Moreover, moderating effect of firm size on the relationship between corporate diversification and financial performance of listed firms at Nairobi securities exchange (NSE) in Kenya was tested. Methodology/Approach/Design: The study was informed by market power and resource-based view (RBV) theories. To test the hypotheses, secondary panel data were collected from 35 listed firms at NSE from 2003 to 2017. Results: From panel regression analysis output, there was a significant positive (β = 2.225, p value = .000 < .05) relationship between corporate diversification and financial performance. Furthermore, firm size had a negative and significant (β = -.155, p value = .031<.05) moderating effect in the relationship between corporate diversification and financial performance. Practical Implications: The study thus concluded that firm size had a buffering effect in the link between corporate diversification and the financial performance of listed firms in Kenya. The findings of the study could be relevant to policymakers in drafting policies that affect diversification strategies of firms. For further research, the study recommended an increase of scope, other measurement approaches, analysis of corporate diversification from different perspectives other than product, and controlling for board characteristics. Originality/Value: The study while controlling the age of the firm tested the moderation effect of firm size in the relationship between corporate diversification and financial performance.
Ibrahim El-Sayed Ebaid
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 1-15; doi:10.47631/jareas.v2i2.216

Abstract:
Purpose: The purpose of this study is to examine the perceptions of accounting students in Saudi Arabia on the extent of incorporating IFRS into accounting curricula in undergraduate accounting programs in Saudi universities after the mandatory implementation of IFRS in 2017. Approach/Methodology/Design: This study is cross-sectional and a questionnaire was used to collect data from accounting students in Saudi Arabia regarding the extent to which IFRS are incorporated into accounting curricula in undergraduate accounting programs in Saudi universities. The sample of the study included 132 accounting students from the largest and oldest three Saudi universities. The data was analyzed using descriptive statistics. Findings: The findings of the study revealed a weakness in students' awareness of IFRS due to the weakness in incorporating IFRS into the accounting curricula. The majority of students indicated that they do not have a separate course on IFRS, and if this course is included in the study plan, it is an elective course and not a required course. The textbooks that they study from in the university are old textbooks and therefore, do not include accounting treatments according to IFRS. Also, teachers do not mention the IFRS when explaining the topics included in the accounting courses. Practical Implications: The study has implications for Saudi universities. Based on the results of the study, Saudi universities should update curricula in undergraduate accounting programs so that IFRS are incorporated into accounting curricula. Accounting students will have careers where global transactions and interactions are common, so they need to be familiar with IFRS. The incorporation of IFRS into accounting curricula increases the ability of Saudi universities to provide graduates who can obtain job opportunities and succeed in the workplace after graduation. Originality/value: Accounting students are prospective accountants, so they should be aware of the IFRS they will use in preparing and auditing financial statements after graduation. Therefore, it is important to explore the universities' response to the adoption of IFRS by incorporating IFRS into the accounting curricula to provide a graduate who can implement these accounting standards after graduation.
Dedi Hariyanto
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 50-64; doi:10.47631/jareas.v2i2.228

Abstract:
Purpose: The study aims to examine the effect of trading volume, market capitalization, and firm size in explaining return on vultures in selected companies in Indonesia. Methodology/Approach/Design: The population is 131 JII forming companies in IDX between December 2009 – May 2010 to December 2019 – May 2020. All data is transformed into standard form because the model used is path analysis. The corresponding regression of equation 1 is the Random Effect model and the corresponding Regression equation 2 is the Fixed Effect model. This study uses panel data analysis; the Chow test and Hausman test are also used. Data is processed using statistics EViews software. Results: The results of the equalization test 1, trading volume has a significant negative effect on the return of shares. The results also show that the market capitalization has a significant negative effect on the return of shares, and consequently the size of the company has a significant negative effect on the return of shares. Hasil testing for equalization 2, trading volume has a significant effect on vultures, while market capitalization has no significant effect on vultures. The size of the company has a significant effect on vultures, and the return of the company has a significant effect on vultures. Practical Implications: This research is limited to the variety of indices and varieties of securities that become populations and samples. Future research can be developed by focusing on indices and securities as well as the development of other variables in the behavioral finance section in addition to herding. Originality/Value: This study differs greatly from previous studies in emerging markets in contributing to literature from a new direction in exploring investor returns and herding.
Peninah Jepkogei Tanui, Harrison Katana, Geoffrey Alosi, Lynda Khahenda, Vincensia Emmanuel Adhiambo
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 16-34; doi:10.47631/jareas.v2i2.222

Abstract:
Purpose: The study aimed at examining the mediating role of corporate diversification between ownership structure and financial performance of listed firms in Kenya. Methodology/Approach/Design: As guided by explanatory research design, 65 listed firms from 2003 to 2017 were targeted. However, panel data of 35 firms were considered after excluding suspended and delisted as far as the study period is concerned. Results: The panel regression analysis finding indicated that corporate diversification positively and significantly mediated between institutional ownership and financial performance (β = .005, p-value = .000). Furthermore, there was a negative but statistically significant mediation effect of corporate diversification between foreign ownership and financial performance (β = -.0019, p-value = .023). These mediation effects existed despite the direct effect between institutional and as well foreign ownership and financial performance being statistically insignificant. Practical Implications: The study, therefore, suggested to the management of listed firms to ensure proper implementation of corporate diversification as it transmits the effect of ownership structure on financial performance. More importantly, policymakers are suggested to streamline taxation of foreign investors, tackle malpractices in the firm leading to embezzlement of investor funds. Future studies need to enlarge the scope to incorporate unlisted firms as well as firms listed in different stock exchanges in East Africa. Other types of ownership structure as managerial, family and state need to be analyzed. In addition, other forms and measures of corporate diversification could be investigated by future researchers. Originality/Value: To attain the main objective, the study used panel regression analysis and path diagrams to examine the effect of ownership structure on financial performance via corporate diversification.
, Rebecca Folake Bank-Ola, Ifeoluwa Alao-Owunna
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 1-16; doi:10.47631/jareas.v2i1.152

Abstract:
Purpose: This study investigates the effectiveness of health-aid in Nigeria, with focus on child health outcomes. In particular, the study aims to examine whether health aid has yielded significant gains in child health in Nigeria. Methodology/Approach/Design: Secondary data on neonatal, infant and under 5 mortality as well as measles and DPT immunization were used. The stationarity of the variables was ascertained using the augmented Dickey-Fuller and Philip-Perron unit root tests. In order to confirm the presence or otherwise of long-run relationship among the selected variables, Johansen cointegration test was carried out and the obtained coefficients and p-values indicate evidences of long-run relationship. Finally, the study used the fully modified ordinary least square (FMOLS) estimator to examine the effects of aid targeted at children health on the various child health outcomes. Results: The results suggest the existence of long-run relationships between health aid and child health indicators, with aid having reducing impacts on the mortality indicators and a positive correlation with child immunization coverage. Also, public health expenditure, literacy rate and urbanization rate are negatively correlated with measures of children mortality and positively correlated with the measures of immunization coverage. Except for infant mortality, economic growth proxy by GDP growth rate has insignificant effect on child health. Practical Implications: Sustained improvement in children health is the core objective of aids aimed at children’s health, and findings of this research will serve as a framework for health policymakers in understanding the contributions of health aid inflow to specific indicators of child health in Nigeria. Originality/Value: This study makes a number of contributions to the ongoing discussion on the effectiveness of health-specific ODA in Nigeria. Despite the inconclusiveness of the health aid-health outcomes literature, this study has shown that children health aid has led to improvement in children health in Nigeria. While previous studies have focused on child mortality indicators, this study examined the effect on various measures of children health including children immunization coverage.
Cao Liang, Salman Ali Shah, Tian Bifei
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 68-80; doi:10.47631/jareas.v2i1.212

Abstract:
Purpose: This study is carried out to study the relationship between FDI and economic growth of developing countries. Approach/ Methodology/ Design: The study used data from 2000 to 2019 for 113 developing and transition countries. The study used Hausman fixed effect and instrumental variables two stage least square region to trace the results. Findings: The result of the study found a positive relationship between FDI and economic growth. An increase in FDI inflow will result and upsurge in economic growth of developing country. The relationship between unemployment and economic growth is found negative. The overall results show that FDI and economic growth has a positive relationship in developing countries. Practical Implication: This study used annual data of pre pandemic. It is concluded in the study that future studies have to check the impact in post pandemic scenario. Originality/Value: Though the relationship between FDI and economic growth is studied widely in different studies. As mentioned that COVID-19 pandemic changed the world economic situation there is much more aspects of FDI and economic growth is remaining to study. The issue of FDI and economic growth for a cluster of 113 countries is addressed in this study.
Tushar Rameshbhai Ajmera
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 40-46; doi:10.47631/jareas.v2i1.188

Abstract:
Purpose: The main aim of this article is to find out the working capital management and its impact on profitability in Tyre Industry of selected companies which are listed on stock exchange in India. Approach/ Methodology/ Design: For the study, a time span of 8 years from 2011-12 to 2018-19 is considered, and based on it, any relation of net profit margin ratio and working capital components like current ratio, quick ratio, inventory turnover ratio, working capital turnover ratio is considered. The sample is selected based on higher market capitalisation during the study period. Regression analysis is also employed to investigate the impact of WCM on corporate profitability. Findings: The major findings of this study indicate that the profitability of Balkrishana was good compared to the other companies. The working capital of Ceat shows highly positive working capital management, whereas Apollo shows negative working capital management. These results were identified with the help of accounting tool as Ratio analysis and statistical tools as Regression analysis and ANOVA test for selected data. Practical Implication: The study examines the scenario of tyre industry with the help of working capital management in selected companies. The results of the study could be an indicator of the performance of the selected companies. Originality/Value: This paper provides some key insights to health and efficiency of the selected companies. The working capital ratios are indicative of good working capital management, leading to identifying issue in financial management and eventually improving the performance of the tyre industry.
Sabina Šehić Kršlak, Nerman Ljevo
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 81-91; doi:10.47631/jareas.v2i1.215

Abstract:
Purpose: The goal is to research how tourism companies encourage organizational creativity and thus gain a competitive advantage. The aim of this paper is to answer the question of whether the competitive advantage of tourism companies in Bosnia and Herzegovina can be improved by encouraging organizational creativity. Approach/ Methodology/ Design: For collecting data, a survey questionnaire was developed. The survey questionnaire was distributed electronically to tourism enterprises in Bosnia and Herzegovina. An econometric analysis is employed in order to prove the positive correlation between creativity and competitive advantage of tourism companies in Bosnia and Herzegovina. Findings: The results of the research showed that in order to achieve a competitive advantage, companies can manage creativity by encouraging: individual creativity whose existence is conditioned by the ability to think creatively, intellectual capacity, motivation and freedom of decision of employees. Based on the obtained research results, team creativity can be realized when employees develop a tendency to share knowledge, have confidence in the team, and that the organization ensures a free flow of information. Practical Implication: A model of creativity and innovation is proposed in this study. Based on the results of the study, the model could be applied to other transition countries in the region. Originality/Value: A special contribution of the paper is the model of integrative creativity to tourist companies.
Kazeem Fasoye, Abiodun Sunday Olayiwola, Kehinde Elizabeth Joseph
Journal of Advanced Research in Economics and Administrative Sciences, Volume 2, pp 57-67; doi:10.47631/jareas.v2i1.177

Abstract:
Purpose: This paper examined the potential of domestic industrial output on economic growth in Nigeria. Approach/ Methodology/ Design: An Autoregressive Distributed Lag (ARDL) model procedure was employed for data analysis. Findings: The results revealed that the contribution of the domestic industrial output to economic growth was appalling which was necessitated by the worrisome image of “Made-in-Nigeria” goods. It was also showed that the results that domestic industrial output and domestic savings have positive relationships with real gross domestic product (RGDP) in the long run. This implies that a rise in the level of each of domestic output and domestic savings necessitated an increase in real gross domestic product (RGDP). Practical Implication: The implication presented in this study is related to the concerned authorities. The results indicate the need for diverse domestic production in order to achieve a healthy competition in the industrial sector in the country. Originality/Value: The study innovates by employing various statistical tools for exploring the effect of domestic industrial output on economic growth. The significant contribution of this study is in identifying that domestic production in Nigeria has been lagged behind in terms of output performance in the economy.
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