Jornal of Management, Economics and Industrial Organization

12-26.

Authors: I. B. Abdullahi, S. K. Fakunmoju

The nexus between development of stock market and the performance of economic activities have been a critical issue around the globe. The issue as to whether a well-developed stock market influences the performance of economic activities and the relevant of developmental policy strategies have been a concern for the developing economies especially the West Africa economies. Literatures have shown that most of the West Africa economies were faced with sharp swings and wide fluctuations in the stock market indices, which had negative effect on the performance of economic activities of these economies. This study examined the effect of stock market development on the economic performance among West Africa economies. The study employed secondary data subjected to panel regression method of analysis within the period of seven years across selected West-Africa countries. Findings revealed that stock market development indicators; ratio of market capitalization to gross domestic product, All Share Index, and Stock Turnover have positive effect on economic performance while corruption perception index have negative effect on economic performance, all at 5% level of significance. The study concludes that stock market development indicators and corruption index affect economic performance in West Africa. Therefore, the study recommends that the stock market regulatory authorities should initiate strategic policies that would boost market liquidity and encourage easy access of companies to the market and also be more proactive in surveillance role in order to check unethical practices which undermine stock market integrity, erode investors’ confidence and patronage.

46-59.

Authors: Ika Atsari Dewi, Panji Deoranto, Voni Lariska Saraswati

Organic products demand is increasing since more consumers are already aware of their health, but in Malang City the amount of retail stores which sell organic products is considered small. Giant Express Pulosari which was established in 2009 is one retail store that sells organic products. One of the ways to maintain its customers based on consumer buying decisions is to find out the factors that influence consumer preferences for organic products. The purpose of this study is to determine the effect of product attributes towards consumer preferences and buying decisions on organic products. Data collection was executed by distributing questionnaires and interviewing 100 respondents who had bought and consumed organic products sold at this retail store. Data gained then were analyzed by using SPSS 17.0 and Smart PLS 3.2.0 software. The results of this study indicate that the variables of product attributes significantly influence consumer preferences and buying decisions. Consumer preference is able to mediate the relationship between product attributes and buying decisions. The most influential indicator of product attributes variables is packaging design. The most influential indicator on consumer preference variables is price. Meanwhile, the most influential indicator on buying decision variables is consumer needs.