• Title/Summary/Keyword: Negative Impact

Search Result 2,949, Processing Time 0.028 seconds

Factors Affecting Real Estate Prices During the COVID-19 Pandemic: An Empirical Study in Vietnam

  • HA, Nguyen Ho Phi
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.10
    • /
    • pp.159-164
    • /
    • 2021
  • The COVID-19 pandemic has widely spread and has become a global problem. The pandemic has had a negative impact on most countries and on the global economic growth. In the real estate and housing market, the impact of the pandemic has directly disrupted the supply of raw materials and human resources. In case of Vietnam, the real estate and housing markets are increasingly becoming important contributors to Vietnam's economy, with a combined contribution of approximately 6% to the GDP of the country. Also, the pandemic has negatively affected the real estate in Vietnam. Using a sample data of 220 home, apartment and real estate buyers in the period of April 2020 to Apr 2021 in Nam Tu Liem and Cau Giay districts, Hanoi, the research results demonstrate that the area of the house, the number of beds, and the location of the land show a positive influence on the real estate price. Meanwhile, the distance from the land to the center of the district has a negative effect on the price, which means that the further away a land is from the center, lower is its price.

How does FDI promote Economic Growth: Evidence from Mekong River Countries? (FDI가 어떻게 경제 성장을 촉진하는가?: 메콩강 주변국 연구)

  • Nguyen, Thi-Thanh-Tuyen;Choi, Chang Hwan
    • Korea Trade Review
    • /
    • v.44 no.6
    • /
    • pp.247-265
    • /
    • 2019
  • This research focuses on the influences of FDI on the economic growth of four countries by Mekong river: Vietnam, Laos, Cambodia and Thailand. At the same time, the study also analyzes the contributing of economic growth to attract FDI inflow to these countries. The panel data during the period 1998-2017 were collected from World Bank. Empirical analysis figures out that GDP, mobile phone, labor force are the determinants affecting positive to FDI and vice versa exchange rate, wage are the negative factors. Secondly, FDI, export, exchange rate, government expenditure impact positively on economic growth but inflation and population have negative effect on the economic development. Thirdly, The FDI and economic growth have impact mutually in Vietnam, Laos, Cambodia and Thailand economy. FDI plays a very crucial role in contributing greatly to the economic development of the Mekong sub-region. The economic growth is higher, the FDI inflow is more attractive. From the results, some practical suggestions are offered to enhance the competitiveness in attracting FDI.

The Impact of Broadband Access on Unemployment Rate in Indonesia 2016-2019

  • SALSABILA, Roghibah;OKTORA, Siskarossa Ika
    • Asian Journal of Business Environment
    • /
    • v.12 no.3
    • /
    • pp.23-30
    • /
    • 2022
  • Purpose: This study aims to determine the effect of broadband access, education level, population numbers, and investment on the unemployment rate in Indonesia. Research design, data, and methodology: This study uses panel data from 34 provinces from 2016 to 2019. The analysis uses the fixed-effect model for panel data with the Feasible Generalized Least Square (FGLS) estimation method. Results: Broadband access has a negative and significant effect on the unemployment rate. Mean years of school, population, and foreign direct investment also have a negative and significant impact on the unemployment rate. In contrast, the domestic direct investment variable has a positive and significant effect. Conclusion: The availability of broadband access in an area allows easier and faster access to information. The ease of access to such information can affect producing goods and services, encouraging innovation and employment growth, and reducing the unemployment rate. This research recommends that the government intensify the Indonesia Broadband Plan policy to accelerate the development and equitable distribution of broadband access in all regions of Indonesia.

The Effect of Lockdown Repeal on Socialization: Bayesian Multilevel Difference-in-Differences Approach

  • Jung, Hyunwoo;Li, Yiling;Choi, Jeonghye
    • Asia Marketing Journal
    • /
    • v.24 no.3
    • /
    • pp.109-120
    • /
    • 2022
  • The COVID-19 lockdown has had an unprecedented impact on people in various ways. This study evaluates the effect of lockdown repeal from both marketing and public-policy perspectives. Combining the Bayesian multilevel model with the difference-in-differences design, we find that a lockdown repeal has had a negative impact on socialization. Furthermore, the results show that those who have a low level of risk perception are less affected by lockdown repeal. Also, the negative effect of lockdown repeal varies depending on past socialization behaviors; that is, the lockdown-repeal effect is attenuated for those who socialized more than others in the past. Our findings contribute to the intersection of public policy and marketing literature and provide both academic and practical implications.

The Impact of ESG Performance on Corporate Value of Chinese Companies

  • Heonyong Jung
    • International Journal of Advanced Culture Technology
    • /
    • v.11 no.3
    • /
    • pp.33-38
    • /
    • 2023
  • This study examined the influence of ESG performance on the firm value of Chinese equipment manufacturing companies over the period from 2011 to 2020. The analysis indicated that while ESG performance exerted a negative influence on firm value, this impact was not statistically significant. These findings substantiate the Institutional Difference Hypothesis (IDH), which posits that country-specfic institutional variations sifnificantly shape the strategic decision-making of organizations. When disaggregating the three components of ESG, variations in the results were observed both for overall ESG performance and for each individual dimension. Of the three dimension elements, the environmental (E) and governance (G) facets had a negative bearing, whereas the social (S) facet had a positive influence. Notably, only the governance dimension (G) demonstrated a statistically significant influence. These outcomes affirm the institutional difference hypothesis, illustrating divergent results across distint ESG dimensions.

Is Expansionary Fiscal and Monetary Policy Effective in Australia?

  • HSING, Yu
    • Asian Journal of Business Environment
    • /
    • v.9 no.3
    • /
    • pp.5-9
    • /
    • 2019
  • Purpose - This paper examines whether fiscal and monetary expansion would affect output in Australia. Research design, data, and methodology - An extended IS-LM model which describes the equilibrium in the goods market and the money market is applied. The real effective exchange rate and the real stock price are included in order to determine whether there may be any substitution or wealth effect. The sample consists of Annual data ranging from 1990 to 2018. The GARCH process is used in empirical work to correct for potential autoregressive conditional heteroscedasticity. Results - Expansionary fiscal policy reduces output; whereas, expansionary monetary policy raises output. In addition, real appreciation of the Australian dollar, a lower U.S. interest rate, a higher real stock price or a lower expected inflation would increase output. The finding that expansionary fiscal policy has a negative impact on real GDP suggests that the negative crowding-out effect on private spending dominates the positive impact. Conclusions - Fiscal prudence needs to be pursued. Real depreciation of the Australian dollar hurts output. Monetary tightening in the U.S. generates a negative effect on Australia's output. A healthy stock market is conducive to economic growth as higher stock prices tend to result in the wealth and other positive effects, increasing consumption and business spending.

An Impact Analysis of FMD News on Pork Demand in Korea (구제역 발생이 돼지고기 소비에 미친 영향분석)

  • Gim, Uhn-Soon;Choi, Se-Hyun;Cho, Jae-Hwan
    • The Korean Journal of Community Living Science
    • /
    • v.26 no.1
    • /
    • pp.75-85
    • /
    • 2015
  • This study investigates the impact of livestock diseases, including FMD(foot-and-mouth disease) and MCD(mad-cow disease), on pork demand in Korea. TV news stories about the livestock diseases were considered as negative advertising, and therefore the carry-over effect of negative advertising was combined with the pork demand model in conjunction with an exponential distributed lag function. The asymmetry hypothesis was imposed, however it was accepted that demand response does not show different sensitivities to increases and decreases in the livestock disease news. FMD news had a negative effect on pork demand, whereas MCD news had a positive effect, yet FMD news had a greater effect on pork demand than MCD news. The pork demand elasticity estimates for FMD and MCD news were -0.0071 and 0.0028, respectively. The cross-elasticity of the imported beef price to pork demand was highly inelastic, but it was elastic during the beef import embargo.

Relationships among Emotional Labor, Burnout, and Organizational Effectiveness of Employees in Public Health Centers (보건소 종사자의 감정노동과 직무소진이 조직유효성에 미치는 영향)

  • Kone, Dong Youn;Ahn, Jae Sun
    • Journal of Korean Public Health Nursing
    • /
    • v.30 no.3
    • /
    • pp.544-555
    • /
    • 2016
  • Purpose: This study examines the relationship among emotional labor, job burnout and organizational effectiveness of public healthcare center workers. In specific, authors focus on the relationships between emotional labor and job burnout and the one between job burnout and organizational effectiveness and mediating effect of job burnout between emotional labor and organizational effectiveness. Methods: For the empirical analysis, survey was conducted of workers in the public healthcare center, and 502 final data was secured after eliminating the insufficient ones, which were used in the statistical analysis. Results: Emotive effort showed to have a positive effect on organizational effectiveness, however emotive dissonance showed to have a negative effect on organizational effectiveness. Emotive effort showed to reduce the level of all job burnouts while emotive dissonance showed to increase the level of all job burnouts. All job burnout showed to have negative effects on organizational effectiveness. Job burnout showed to have mediating effect between emotional labor and organizational effectiveness. Conclusion: Emotive efforts of emotional labor has positive impact on organizational effectiveness while emotive dissonance has negative impact on organizational effectiveness overall. Therefore, public healthcare center should try to seek for proper way to reduce job burnout of workers, because job burnout functions as mediating element between emotional labor and organizational effectiveness.

Perceived Employment Instability Effect on Psychological Well-being and Job Satisfaction: Resilience and Character Strength as Mediator

  • Yang, Hoe-Chang;Sun, Il-Suck;Park, Soo-Hong
    • Asian Journal of Business Environment
    • /
    • v.5 no.4
    • /
    • pp.29-35
    • /
    • 2015
  • Purpose - This study intended to identify how resilience and character strength among employees are influenced by employment instability and the negative impact it could have on job satisfaction and psychological wellbeing. Research design, data, and methodology - This study hypothesizes that employment instability will have a negative effect on resilience and character strength, but resilience and character strength will have a positive effect on job satisfaction and psychological wellbeing. A total of 150 valid questionnaires were collected and utilized for analysis. Results - Employment instability was found to have a negative impact not only on job satisfaction and psychological wellbeing but also on employee resilience and character strength. Conclusion - The results suggest that along with the necessity for a strategic approach at the corporate level, enterprises should also acknowledge employee failures and support them in job situations. They should create a positive work environment and a structure of empowerment, interesting jobs, and a positive organizational culture to build various systems and the ability to enhance self-esteem and stamina in order to reinforce character strength.

The Impact of COVID-19 on Stock Price: An Application of Event Study Method in Vietnam

  • PHUONG, Lai Cao Mai
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.5
    • /
    • pp.523-531
    • /
    • 2021
  • Vietnam's Oil and gas industry make a significant contribution to the Gross Domestic Product of Vietnam. The ongoing COVID-19 pandemic has hit every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The purpose of this article is to examine how the COVID-19 pandemic affects the share price of the Vietnam Oil and Gas industry. The event study method applied to Oil and Gas industry index data around three event days includes: (i) The date Vietnam recognized the first patient to be COVID-19 positive was January 23, 2020; (ii) The second outbreak of COVID-19 infection in the community began on March 6, 2020; (iii) The date (30/3/2020) when Vietnam announced the COVID-19 epidemic in the whole territory. This study found that the share price of the Vietnam Oil and Gas industry responded positively after the event (iii) which is manifested by the cumulative abnormal return of CAR (0; 3] = 3.8% and statistically significant at 5 %. In the study, event (ii) has the most negative and strong impact on Oil and Gas stock prices. Events (i) favor negative effects, events (iii) favor positive effects, but abnormal return change sign quickly from positive to negative after the event date and statistically significant shows the change on investors' psychology.