• The Journal of Asian Finance, Economics and Business
• /
• 제8권5호
• /
• pp.885-896
• /
• 2021

The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. Commercial banks play an important role in mobilizing and channelizing funds for investment activities. This study analyzes the impact of the key financial variables on the net profit of the selected commercial banks in Oman. The study employs times series panel data - cross-sectional analysis of the key financials of five leading commercial banks for a period of 13 years from 2007 to 2019. The results reveal that the correlation matrix of the selected variables has a positive relationship with net profit, assets, deposits, loans, and interest income. However, the findings also shows a negative relationship between net profit and net loans to total deposits ratio. The study found net loans is the main independent variable that influences the profitability of the banks since the key source of revenue comes from the lending operations. The assets, total capital adequacy ratio have a mixed effect on the profitability of commercial banks. The total deposits and capital adequacy ratio have a negative effect on profitability mainly because excessive liquidity will increase the cost of capital and reduce the return on investment. Focusing on lending operations with a sound credit portfolio will improve profitability.

• Human Ecology Research
• /
• 제57권1호
• /
• pp.41-50
• /
• 2019

This study investigated the significant difference in the influences of pregnant couples' attachment representation for parents of origin on their psychological symptoms according to groups. One hundred and eighty two pregnant couples answered the questionnaire. Data were analyzed by means of frequency, percentages, t-test. Pearson's correlation using SPSS ver. 21.0 and multiple group structural equation modeling using AMOS ver. 20.0. The findings are as follows. First, there were significant differences in attachment representations according to parents of origin and psychological symptoms between pregnant women and spouses. Second, there were negative influences of attachment representations to parents of origin on psychological symptoms for both the pregnant women group and their spouses group, respectively. Last, the negative effects of attachment representation for parents of origin on their psychological symptoms according to groups were significantly different; consequently, the impact on the spouses group was stronger than the pregnant women group. The results imply that policies to help pregnant couples reduce psychological symptoms should be provided. In addition, the unexpected result on the weaker impact of pregnant women's attachment representation for parents of origin on their psychological symptoms suggests it is better to consider other factors simultaneously (such as a romantic attachment to spouses) that might provide a moderating role. The study results are meaningful because it is the first to apply a statistically advanced method to analyze pregnant women and spouses in relation to parents of origin on their psychological symptoms.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권4호
• /
• pp.917-928
• /
• 2021

This study is an empirical investigation of the effectiveness of guerrilla-marketing techniques in creating a positive brand image among generation Y (millennial) consumers. Five guerrilla techniques practiced by companies-such as viral marketing (EWOM), stealth marketing, ambush, graffiti, and clickbait ads-were studied, and hypotheses were proposed. This study adopted a quantitative approach and a questionnaire using the non-probability sampling technique was developed to collect data and self-administered to 248 millennial respondents on various university campuses. The data collected were analyzed through structured modeling on AMOS. The findings of this research revealed that guerrilla marketing affects symbolic and experiential brand image. Further, the results revealed that stealth marketing, graffiti, and click bait advertising were found to be influential on both symbolic and experiential brand images. As an exception, the hypotheses for ambush marketing were found to have no significant influence on the brand image (symbolic and experiential). Moreover, ambush technique in campaigns may have a negative impact on the brand image. Conversely, the study found that clickbait ads had a significantly negative influence on experiential brand image. Consequently, the results of this study strengthen past findings and concluded that guerrilla marketing techniques are beneficial communication tools in the limited marketing budgets.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권7호
• /
• pp.1-9
• /
• 2021

This paper investigates the impact of the domestic and global outbreak of the coronavirus (COVID-19) pandemic on the trading size of the Malaysian stock (MS) market. The theoretical model posits that stock markets are affected by their response to disasters and events that arise in the international or local environments, as well as to several financial factors such as stock volatility and spread bid-ask prices. Using daily time-series data from 27 January to 12 May 2020, this paper utilizes the traditional Augmented Dickey and Fuller (ADF) technique and Zivot and Andrews with structural break' procedures for a stationarity test analysis, while the autoregressive distributed lag (ARDL) method is applied according to the trading size of the MS market model. The analysis considered almost all 789 listed companies investing in the main stock market of Malaysia. The results confirmed our hypotheses that both the daily growth in the active domestic and global cases of coronavirus (COVID-19) has significant negative effects on the daily trading size of the stock market in Malaysia. Although the COVID-19 has a negative effect on the Malaysian stock market, the findings of this study suggest that the COVID-19 pandemic may have an asymmetric effect on the market.

• 아태비즈니스연구
• /
• 제11권2호
• /
• pp.45-60
• /
• 2020

Purpose - This study examines the impact of company ownership nature and of the dual role of CEO and board chair on R & D investment intensity, as well as the moderating effect of this dual role. Most previous research focused on the impact of the dual role of CEO and board chair on firm performance. Design/methodology/approach - This study uses A-share companies listed on the Shenzhen and Shanghai stock exchanges in China from 2008 to 2017. The univariate and the multivariate regression analysis were hired In order to analyze the data. Findings - The results show that there is a significant negative relationship between state-owned companies and R & D investment intensity. In addition, there is a significant positive relationship between the dual role and R & D investment intensity. The effect of state ownership on R & D investment intensity is more negative when CEO-board chair duality exists. This means that in case of state-owned companies, if CEO serves as the board chair, the propensity to invest in R&D is further reduced. Research implications or Originality - This is a pioneering study that considers the joint effect of state-owned companies and dual role on R & D investment intensity in the Chinese economy.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권9호
• /
• pp.181-189
• /
• 2022

The current study examines the nexus between the capital structure (debt-equity) and firm value (Tobin's Q) by including profitability (alternatively Return on Assets (ROA) and Return on Equity (ROE)) as a moderator in the companies of Saudi Arabia. The study sample consists of 102 companies listed on Tadawul (the Saudi Arabian stock exchange) from different sectors of Saudi Arabia during the period 2013 to 2020. The study estimates pooled regression, panel regression with fixed and random effects, and dynamic panel regression models to report the results. The study results report that there is a negative and significant association between capital structure and firm value in model 1, while in models 2 and 3 there is a more negative and significant impact between the two study variables compared to model 1 after the inclusion of interaction variable, i.e. profitability in terms of ROA and ROE. The comparative result shows that the companies of Saudi Arabia hold more debt in their capital structure mix, hence evidencing a decrease in the firm value. The reported results also show that models 2 and 3 are better in explaining the impact of capital structure on firm value due to the interaction of profitability compared to model 1.

• Asian Journal of Business Environment
• /
• 제13권2호
• /
• pp.21-28
• /
• 2023

Purpose: This study aims to analyze the determinants of Green Total Factor Productivity (Green TFP) growth in the agricultural sector in Indonesia from 1980-2018. Research design, data, and methodology: The growth of Green TFP in the agricultural sector is calculated using the Growth Accounting Method. Moreover, this study uses multiple linear regression to analyze the determinants of the growth of Green TFP in the agricultural sector in Indonesia. Results: The survey results show that the average growth of Green TFP in the agricultural sector in Indonesia is still negative, which indicates that the efficiency of production factor or mastery of technology is still low. Inflation and patent applications are variables that significantly affect the growth of Green TFP in the agricultural sector, where the inflation variable has a negative effect. In contrast, the variable growth of patent applications has a positive impact. Conclusions: The government needs to continue to improve efficiency by organizing various programs related to increasing mastery of technology in the agricultural sector. The government also needs to advance research and development by promoting patents to become research incentives and impact the improvement of new technologies, especially those related to the environment. Moreover, economic stability needs to be maintained through inflation control.

• Journal of Ecology and Environment
• /
• 제46권1호
• /
• pp.8-17
• /
• 2022

Background: Parthenium hysterophorus L. (Asteraceae; hereafter Parthenium) is an invasive alien species of global significance because of its' negative ecological and socioeconomic impacts. This species is spreading rapidly from lowland Tarai to Middle Mountain regions in Nepal. In the present study, we analyzed the impacts of Parthenium on plant community composition including their soil seedbank in subtropical grasslands located in central Nepal. Data was collected in a 10 m long transects passing through areas of high (> 90% cover), medium (40%-60%) and low (< 10%) levels of Parthenium cover using a plot of 1 m². Altogether, we sampled 90 plots in 30 transects. Seedling emergence method was used to estimate soil seedbank density in the soil samples (0-10 cm depth) collected from the plots with high Parthenium cover. Results: There was no significant difference in the plant species richness at different levels of Parthenium invasion whereas there was a significant change in the species composition of above ground flora due to Parthenium invasion. There was also a significant difference in species composition between soil seedbank and aboveground flora in the highly invaded plots. Parthenium was the most dominant in soil seedbank, contributing 65% to the total soil seedbank. Conclusions: Our study suggests that Parthenium has considerable negative impact on the native grassland flora, and the dominance of Parthenium in the soil seedbank means there is a challenge for its management. It also suggests the need of monitoring the soil seedbank dynamics while managing Parthenium weed.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권5호
• /
• pp.365-376
• /
• 2022

This study aims to look into the causal relationships between corporate social responsibility and firm value, corporate social responsibility and institutional ownership, and firm value and institutional ownership. This study develops a triangle model of causal relationships among the three endogenous variables. Samples for this study are manufacturing companies listed on the Indonesia Stock Exchange for the period 2014-2018. The model is operated in the system of simultaneous equation models using the generalized method of moments technique to estimate parameter coefficients. After controlling the effects of trade-off/balancing capital structure and managerial ownership, the research findings show a positive causal relationship between CSR and firm value and firm value and institutional ownership. Institutional ownership has a positive effect on CSR, while the effect of CSR on institutional ownership is negative in the firms without managerial ownership and positive in the firms with managerial ownership. This study finds that the causal relationship between CSR and firm value is stronger after the trade-off/balancing of capital structure is included in the model. Capital structure has a convex effect on firm value and positively impacts institutional ownership. In addition, an independent commissioner has a negative impact on CSR but has no direct impact on firm value.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권1호
• /
• pp.177-187
• /
• 2022

Theoretical literature agrees on the interaction between financial instability and economic activity but explains it's dynamic in two points of view: one is that the transmission mechanism occurs in one unique regime and the other reckons a shift of regime leads to the alteration of the transmission mechanism. This study aims to find evidence of the multi-regime transmission for ASEAN developing countries. The author employs the technique of Threshold vector auto regression using the financial stress index standing for financial instability. Monthly data is collected, covering a period long enough with many episodes of high stress in recent decades. There are two conclusions: (1) A financial shock has a negative and stronger impact on economic activity during a high-stress period than it does during a low-stress period; (2) the response of economic activity to a negative financial shock during high-stress periods is stronger than it is during normal times. The findings point to the importance of the financial stress index as an additional early warning indicator for the real economy sector, as well as the positive effect that a reduction in financial stress may have on economic activity, implying the importance of "unconventional" monetary policy in times of high financial stress.