Jornal of Management, Economics and Industrial Organization

1-19.

Authors: Abdurrahim Emhan, Serkan Bayraktaroğlu, Sinem Güravşar Gökçe, Gökşen Topuz, Mehmet Fatih Yaşar

In this study, leadership style perceptions, emotion regulation abilities, and organizational performance perceptions of employees in the banking sector, and mediating effect of emotion regulation on the relationship of performance and leadership styles were measured. To test the model, a questionnaire was applied to the banking sector employees working in the Diyarbakır province of Turkey. As a result of the Structural Equation Model (SEM), emotion regulation mediates between performance and transformational leadership. The relationship between performance, transactional leadership style, and laissez-fair leadership style was not significant. A mediating effect of emotion regulation between organizational performance and leadership perception was examined by the same model. Also, some differences were found in terms of demographical variables.

52-63.

Authors: Wong Kok Yaw

Halal food industry is expanding in international marketplace due to the increasing number in Muslims. Enterprises from the globe are encouraged to invest in this market since many countries have lowered their restriction on foreign investment. Vietnamese market is viewed as a strong potential for the growth of Halal foods with its national trade promotion program to encourage local and foreign firms to produce halal foods. Getting more Malaysia small and medium enterprises (SMEs) are entering into Vietnam Halal food industry in recent years and the number is increasing in recent years. They are advised to conduct country environmental analysis and entry mode evaluation in order to discover the potential impacts on their foreign investment. It is also useful for SMEs to identify the opportunities in Vietnamese market.

75-88.

Authors: Rahji Ohize Ibrahim, Kamaldeen Ibraheem Nageri

Erstwhile studies proved that debt can positively or negatively affect firm's performance. This study tests the long run and short run dynamic of debt on firm‘s performance in the context of the negative and positive effects. The panel cointegration model, fully modified Ordinary Least Square and error correction model were employed. The panel cointegration result indicates existence of long run relationship between debt and firm performance. 19.85% long run disequilibrium is corrected within a year while there is significant short run relationship between debt and return on investment. In the same vein, 1.52% long run disequilibrium is corrected within a year while there is significant short run relationship between debt and return on assets. This implies that the use of debt on investment and asset, should be properly scrutinise within the fine line of investment and asset to determine optimal use.

1-27.

Authors: Arafat Zahan, Md. Shohel Rana

The major objective of this study is to identify whether dividend announcement convey any information to the market that results a price reaction. With the objectives in mind, this paper used only secondary data from DSE. The study comprised a total of 21 companies these are listed by DSE. The research is only quantitative in nature. The empirical part of this study employs a standard ‘event study methodology’ to analyze the stock price reaction to dividend announcement. With the help of ‘event study methodology’ MAAR and CAAR to analyze the effect of dividend announcement on stock prices taking 21 listed companies of Dhaka Stock Exchange (DSE) in Bangladesh. The results were showed by using chart, table, descriptive statistics and t-statistics. The finding indicates that some companies are efficient, and some are inefficient. The results are statistically significant both before declaration date and after declaration date. In this paper, before declaration date of third and eight are efficient and after declaration date of five and eight are inefficient.

41-58.

Authors: Adedapo Odebode, Osman Nuri Aras

We explore dynamic non-stationarity panel data estimators namely, mean group (MG) and pooled mean group (PMG) for investigating the extent to which trade policies such as trade liberalisation and tariff rates matter to trade performance using the case of Sub-Saharan Africa (SSA). We found that increasing tariffs has the potential of particularly worsening export growth in SSA but increasing openness via liberalisation policy is likely to spur decline in the import dependence of the SSA economy. Thus, we concluded that while trade liberalisation seems to exhibit no significant impact on export growth in SSA, the same policy may yet be explored to encourage decline in the region’s import activities, particularly those import activities that might threaten the growth of domestic industries.

77-88.

Authors: Helen Nwobodo, Fola F. Adegbie, O. O. Banmore

The increasing trend of declined in bank efficiency and operational performance in recent years raised unquestionable concerned and pose serious threats to the stability and survival of deposit money banks across the globe. Studies have shown that most deposit money banks in Nigeria have experienced declined in bank efficiency and operational performance due to weak internal control system thus caused financial losses to banks and loss of public confidence in the banking sector. The study employed a survey research design and the population was 568 staff and the sample size used was 292 using Cochran sample size determination. The reliability coefficient ranged from 0.71 to 0.94. The study found out that internal control system has positive and significant effect on bank efficiency and operational performance of the selected quoted deposit money banks with (P<5%). The study concluded that internal control system has effect on bank operational performance and efficiency. The study recommended that the management should ensure that their banks have strong internal control environment and embrace inform policies and procedures that are adequate in order to achieve operational performance and bank efficiency.

109-129.

Authors: Monorith Sean, Chanmary Yim

This research paper aims to examine the impact of fiscal policy on Cambodia’s economic growth. More than that, this research also figures out fiscal stance on whether fiscal policy in Cambodia is contractionary or expansionary to stimulate the economy over the past two decades. Due to the limited observation, from 1994 through 2019, a totally of 26 years, this study employs Bayesian inference based on Bayesian Model Averaging (BMA) and Markov Chain Monte Carlo (MCMC) which uses Gibb Sampling to approximate posterior mean. By comparing these two approaches, the empirical results are identical. The empirical result revealed that Def, Debt, Faids, Er and Ex which represent government deficit, public debt, foreign aid, nominal exchange rate (KHR/USD) and export, respectively, are positive correlation with output growth in Cambodia. The increase in the deficit, public debt and foreign aid, means the government utilizes the fiscal policy to fine-tune the economy. Furthermore, this study also confirms that fiscal policy in Cambodia is conducted as a consolidated and stabilized policy. It can be concluded that the increase in the deficit, public debt, and foreign debt could stimulate the economy during the recession period where fiscal policy is acted as expansionary policy. During a post-recession, on the other hand, Royal Government of Cambodia (RGC) will conduct a contractionary fiscal policy to cool down the economy especially when the economy is overheating.

1-21.

Authors: Md. Shakhaowat Hossin, Md. Ataur Rahman

Asset liability mismatch in balance sheet of Sonali Bank Limited, Bangladesh posed serious challenges as the bank was following the traditional methods of recording assets and liabilities at the book value. The liberalization process in the economy coupled with multifaceted global developments exposed banks for various kinds of risks viz. interest rate risk, liquidity risk, exchange risk, operational risk etc. which have direct impact on their operations, profitability and efficiency to compete with. The volatility in interest rate during the last decade has witnessed risk in earnings or capital due to movement of interest rates which has affected the overall profitability of banks. Hence, there is a need for accurate measurement and control of Interest Rate Risk associated with a bank’s entire portfolio. This research paper makes an attempt to measure the Interest Rate Risk in Sonali Bank Limited by using Asset-Liability Mismatch, Relative Interest Sensitive Gap, Interest Sensitivity Ratio and Gap Analysis Technique. The findings revealed that Sonali Bank Limited, Bangladesh is greatly exposed to interest rate risk.

40-62.

Authors: Shabiha Akter, Md. Shohel Rana, Tanvir Hasan Anik

In this research paper, attempt has been made to explore the dynamic relationship between stock market and macroeconomic variables i.e. DSE index and three key macro-economic variables (Exchange rate, Industrial production in and Reserve), by using unit root stationary tests and Johansan co-integration test. Monthly data has been used from June, 2003 to June, 2015 for all the variables, like, DSE index, Exchange rate, Industrial production in and Reserve. Results showed that the variables contained a unit root and were integrated of order one. The vector error correction model (VECM) (Johansen (1991)) is utilized to determine the impact of selected macroeconomic variables on stock market. Empirical results show that the stock market and macroeconomics variables have no long-term equilibrium relationship.

76-99.

Authors: Ngboawaji Daniel Nte, Kenneth Nduka Omede, Bribena Kelvin Enokie, Onyeka Bienose

Competitive intelligence has remained a significant intervening variable on competitive advantage in the business world as part of survival and expansion. This reality exists in both the advanced and developing economies of the world. This study therefore examines the influence of competitive intelligence on competitive advantage of pharmaceutical firms in Lagos State, Nigeria. To achieve this objective, four hypotheses were formulated to establish whether a relationship existed between the two variables i.e. competitive intelligence and competitive advantage. The study adopted survey research design; data were obtained from structured questionnaire and analyzed using the one sample T- Test statistic. The result of the analysis revealed that a significant relationship existed between competitive intelligence and competitive advantage in pharmaceutical firms. Based on the findings, it was concluded that the role of competitive Intelligence on competitive advantage is to provide strategic information that will guide pharmaceutical firms in the task of improved marketing innovations to meet the need of the customers. Among other things the study recommended that for pharmaceutical firms to gain competitive advantage and increase their performance, they should leverage on useful information gathered in their environment to engage not only in product development but also in constantly making relevant innovations/modifications to their existing marketing strategies.