|
on South East Asia |
| By: | Jahja Hamdani Widjaja (Maranatha Christian University, Indonesia Author-2-Name: Boedi Hartadi Kuslina Author-2-Workplace-Name: Maranatha Christian University, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Purpose - The purpose of this study is to explain the process of organizational culture forming in Christian-based universities on Java Island. The forming is concerning the culture of its founding context and how the organizational culture is manifested in organizational behavior and management practices. The description of this process is expected to inspire how to build an organizational culture at the university. Methodology - We conduct an exploratory study using a qualitative method because it enables us to reveal the process. The primary data were obtained from university leaders, collected through in-depth interviews. Researchers chose five leading Christian-based universities on the island of Java that have an A-level institution accreditation. Findings - To avoid conflicts of interest, the objects of research chosen was in a different operational area from the university where the researcher originated. Our main finding is that there are many models in the process of organizational culture forming in Christian-based universities. In addition, our study also revealed that not many universities have built their values systematically and structured from the very beginning. Therefore, they do not directly claim that the values they build influence their performance. Novelty - However, they all agreed that the values they built gave direction to the development of each university. This research will be beneficial in the study of organizational development, university governance, and university performance, especially in the context of private universities in Indonesia. Thus, private university, especially Christian-based universities, can reflect and choose their own way to shape their organizational culture. Type of Paper - Empirical" |
| Keywords: | Culture, Organizational Culture, Organizational Behavior, Universities, Christianity |
| JEL: | M10 M19 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr295&r= |
| By: | Aris Wahyu Raharjo (School of Business Management Institut Teknologi Bandung, Bandung, Indonesia Author-2-Name: Sudarso Kaderi Wiryono Author-2-Workplace-Name: School of Business Management Institut Teknologi Bandung, Bandung, Indonesia Author-3-Name: Raden Aswin Rahadi Author-3-Workplace-Name: School of Business Management Institut Teknologi Bandung, Bandung, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - There are three primary focuses of this study, namely: to understand past literature on sovereign wealth fund (SWF) pattern of development, the impact of SWF investment on target firm financial performance, and how SWF fosters infrastructure development in Indonesia Methodology/Technique - The methodologies of this study are descriptive and structured systematic reviews. Six dimensions were the focus of this literature review which are the basis for sorting and grouping the 1683 publication journals. Those six dimensions are SWF characteristics, SWF target firm characteristics, country characteristics, deal characteristics, research methods, and level of analysis Findings - The SWF objectives and pattern of development in a country depending on the country-specific conditions which could evolve over time. There have been many past types of research on SWF development in different countries. Past research provided differing outcomes in various aspects of SWF development from one country to the others. In the case of Indonesia, INA is expected to provide global capital access in filling in the funding gap for Indonesia's infrastructure development. For that reason, this research is seeing an urgency to observe how Indonesia SWF manages its investment portfolio in unique infrastructure development and its impact on the national economic growth. Furthermore, past research findings described that the impact of institutional investors such as SWF on firm performance is still unclear. Many questions concerning the financial aspects of SWF's activities still remain relatively unanswered. The outcomes of this literature review provide multiple bases for future research with a mixed case study method. Novelty - This research observes and compares various SWF patterns of development in different countries (multiple cases). Indonesia's SWF wealth fund was a newly established government agency and has not been widely explored in past research. How the government of Indonesia overcomes funding scarcity for infrastructure development provides a unique experience. Type of Paper - Empirical" |
| Keywords: | Indonesia Sovereign Wealth Fund; Firm Value; Infrastructure Development; Structured Literature Review |
| JEL: | F30 M20 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber222&r= |
| By: | Syaiful Hifni (Faculty of Economic and Business, University of Lambung Mangkurat, Indonesia Author-2-Name: Akhmad Sayud Author-2-Workplace-Name: Faculty of Economic and Business, University of Lambung Mangkurat, Indonesia Author-3-Name: Rano Wijaya Author-3-Workplace-Name: Faculty of Economic and Business, University of Lambung Mangkurat, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - The purpose of this research article is to assess how the integrated reporting is implemented into a regional investment information system (RIIS). Within build insight into regional investment management in line with sustainable development goals (SDGs). Methodology – This research was conducted on local governments in Indonesia that have implemented RIIS. Using data from 115 respondents, consisting of elements of local government, academics, business entities, NGOs, social organizations, and care for the environment. The measurement uses a nominal scale with a chi-square test for goodness of fit. Findings – The measurement results showed the frequency of observation (OF) has a value of 52.5504 with the chi-square table showing a value of 37.65. Based on this result showed OF > EF, it is evidence for being of corresponding between integrated thinking that fits with . The level of relationship towards SDGs information communication has a Pearson correlation coefficient of 0.2894, as a low relationship. Novelty – This research article contributes practical implications where regional government entities to be effective implementers of practices for communication for regional investment management. As an insight in the viewing the growing debate on the merits of as a voluntary reporting initiative including for the local government sector, which has been adopted by other organizations as a mandatory initiative. The results of this research provide a fundamental way for a regional investment strategy that facilitates communication of the achievement of the SDGs in a global context. Type of Paper - Empirical" |
| Keywords: | Integrated Thinking, Integrated Reporting, Regional Investment Information System, Sustainable Development Goals |
| JEL: | M40 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr200&r= |
| By: | Nining Ika Wahyuni (Department of Accounting, University of Jember, Indonesia Author-2-Name: Eko Ganis Sukoharsono Author-2-Workplace-Name: Department of Accounting, Brawijaya University, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This study aims to analyze the role of accounting educators in embedding sustainability. Theory of Role is used in analyzing the parties who put their expectation on accountants to take roles in embedding sustainability and how the accountant performed that role expectation. Methodology - Educator accountants are used to represent various types of professions in the accounting field. This study uses a qualitative approach by conducting interviews with 14 accounting educators at the University of Jember, Indonesia, which registered as Certified Sustainability Reporting Specialists (CSRS) and/or Certified Sustainability Reporting Assurers (CSRA). Data were collected through observation, deep interviews, and forum group discussion. Findings - Then data were analyzed with the thematic analytic technique to find the main theme from the interview transcripts. The result shows that those accounting educators are in the right position to become the main actor in embedding sustainability. Accountants must show their involvement in sustainability embedding efforts due to pressure from various parties. Novelty - The professional organizations give them coercive pressure, while the educational institutions give them normative pressure. However, their role performance to be involved in this sustainability embedding is still low due to obstacles, both barriers related to learning tools and personal perception. Type of Paper - Empirical" |
| Keywords: | Role Expectation; Role Performance; Accounting Educator; Role Theory; Embedding Sustainability |
| JEL: | Q Q5 Q56 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber224&r= |
| By: | Arna Suryani (Faculty of Economics, Batanghari University, Jambi, 36122, Indonesia Author-2-Name: Ariayani Author-2-Workplace-Name: Faculty of Economics, Batanghari University, Jambi, 36122, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - This study aims to examine the influence of Investment Opportunity Set and Corporate Social Responsibility Disclosure through Profitability on Earnings Management. The companies examined are banking companies listed on the LQ45 Index of the Indonesia Stock Exchange (IDX). Methodology – This study used data sourced from annual financial reports of banking companies on the LQ45 Index of the Indonesia Stock Exchange for the 2016-2020 periods. This study used descriptive and verification analysis methods with path analysis and hypothesis testing. Investment Opportunity Set is measured by Market Value to Book Value of Assets, Corporate Social Responsibility Disclosure is measured by Global Reporting Initiative G4 indicators, Profitability is measured by Return on Assets, and Earnings Management is measured by Discretionary Accruals. Findings – The results indicate that Investment Opportunity Set and Corporate Social Responsibility Disclosure and Profitability have no effect on Earnings Management. This implies that Earnings Management actions in companies are more likely to be influenced by other variables which closely related to agency theory and hard to predict the determinants by using only several variables. Novelty – Based on the results of this study, Profitability as an intervening variable does not mediate the effect of Investment Opportunity Set and Corporate Social Responsibility on Earnings Management. This might happens because profitability is quite common for investors and users of financial statements in assessing the company's financial performance so that it is easier for users of financial statements to know the Earnings Management actions done by the company. Type of Paper - Empirical" |
| Keywords: | Bank; Investment Opportunity Set; Corporate Social Responsibility; Profitability; Earnings Management. |
| JEL: | G11 G20 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr197&r= |
| By: | Garcia, Kairon Shayne D.; Galinato, Gregmar I.; Islam, Asif Mohammed |
| Keywords: | Environmental Economics and Policy, Consumer/Household Economics, International Development |
| Date: | 2022–08 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea22:322204&r= |
| By: | Muhammad Ridhwan Ab. Aziz (Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM), Malaysia Author-2-Name: Muhammad Zakirol Izat Mustafar Author-2-Workplace-Name: Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM), Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This study is aimed to investigate the interconnection between the average income level and the tendency of the Malaysian community toward the adoption of Islamic digital banking. Methodology – This study used a quantitative survey questionnaire with 100 valid respondents. The data were collected within 3 months and the SPSS software was applied in this study to analyse the data using descriptive analysis. Cronbach's alpha tests were used to determine the reliability of multiple questions based on the Likert scale questionnaires in this study. Findings – The general finding of this study shows that the group with lower income levels is more responsive to the adoption of Islamic digital banking compared to the higher income group. It indicates that this group believed that Islamic digital banking can be beneficial to the community socially and economically in terms of perceived usefulness, perceived ease of use, and transaction cost. Novelty – The emergence of this study is to contribute the literature and reference related to Islamic digital banking for the interest of researchers, practitioners, and consumers in developing further research and the adoption of this platform in the future. Type of Paper - Empirical" |
| Keywords: | Digital Banking, Islamic Digital Banking, Income, Interconnection. |
| JEL: | G21 G24 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr198&r= |
| By: | Tunio, Mohsin Waheed |
| Abstract: | This paper first looks for Sudden Stops in capital inflows to nineteen emerging economies of Asia, Europe, Latin America, and Africa as Calvo, Izquierdo and Mejia (2008) based on the country-specific data availability from January 1990 to May 2022. The paper then introduces the notion of Systemic Sudden Stop as the one triggered by exogenous factors and measured in terms of a rise in Emerging Market Bond Index (EMBI) spreads. The author finds out that four countries i.e. Indonesia, Thailand, Poland, and Egypt have already entered into the Systemic Sudden Stop phase while other emerging economies could also be at a greater risk of the similar situation. The major risks to emerging markets come from the commodity prices and rising inflation due to the Russia-Ukraine conflict; tightening financial conditions; mounting uncertainty; and recessionary fears. Nevertheless, on the positive note, net ratings of emerging market sovereign bonds have improved in comparison with the year 2020, and EMBI spreads have not increased much due to greater risk being already priced-in, especially in high yield. |
| Keywords: | sudden stops, capital inflows, capital outflows, emerging markets, exchange rate, current account, EMBI spreads |
| JEL: | F31 F32 F39 F41 |
| Date: | 2022–07 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:113693&r= |
| By: | Tunio, Mohsin Waheed |
| Abstract: | This paper first looks for Sudden Stops in capital inflows to nineteen emerging economies of Asia, Europe, Latin America, and Africa as Calvo, Izquierdo and Mejia (2008) based on the country-specific data availability from January 1990 to May 2022. The paper then introduces the notion of Systemic Sudden Stop as the one triggered by exogenous factors and measured in terms of a rise in Emerging Market Bond Index (EMBI) spreads. The author finds out that four countries i.e. Indonesia, Thailand, Poland, and Egypt have already entered into the Systemic Sudden Stop phase while other emerging economies could also be at a greater risk of the similar situation. The major risks to emerging markets come from the commodity prices and rising inflation due to the Russia-Ukraine conflict; tightening financial conditions; mounting uncertainty; and recessionary fears. Nevertheless, on the positive note, net ratings of emerging market sovereign bonds have improved in comparison with the year 2020, and EMBI spreads have not increased much due to greater risk being already priced-in, especially in high yield. |
| Keywords: | sudden stops, capital inflows, capital outflows, emerging markets, exchange rate, current account, EMBI spreads |
| JEL: | F31 F32 F39 F41 |
| Date: | 2022–07 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:113751&r= |
| By: | Cheah Wen Fong (Faculty of Business, Multimedia University Melaka, Malaysia Author-2-Name: Yuen Yee Yen Author-2-Workplace-Name: Faculty of Business, Multimedia University Melaka, Malaysia Author-3-Name: Suganthi Ramasamy Author-3-Workplace-Name: Faculty of Business, Multimedia University Melaka, Malaysia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - Sustainable entrepreneurship is considered to be combined with economic, social, and environmental value creation, and is considered a combination of social enterprise and environmental enterprise. The small and medium-sized enterprises (SMEs) in Malaysia are without exception. However, due to the lack of research, the existing literature has not yet provided sufficient explanation for the establishment of sustainable entrepreneurship in Malaysian SMEs. This research included an introduction that gives an overview of the research, continued by the review of existing literature that correlates to the research topic followed by the methodology adopted for this research. Methodology - Specifically, this research extends the Entrepreneurial Event Model to test the proposed framework. To test the research framework and to achieve the research objectives, the survey questionnaire was used to collect the primary data of 200 respondents (entrepreneurs from Malaysian SMEs). The research used Analysis of Moment Structure (AMOS) and Statistical Package of Social Science (SPSS) to encode and analyse the main data collected in this study. Findings - This research's findings revealed that the developed model was sustainable. All the constructs were reliable and valid, and the value was acceptable. The research novelty present in the paper regarding many researchers pay little attention to the key factors that affect the sustainable entrepreneurial ability of SMEs. At this point, this study had proposed a new variable such as environmental awareness and examined its impact on sustainable entrepreneurship performance. Furthermore, the research also provides references for future practical and theoretical contributions. Novelty - This research provides new and important insights for SMEs, entrepreneurs, employees, and institutions through empirical testing of the framework, thereby contributing to knowledge. Type of Paper - Empirical" |
| Keywords: | Sustainable Entrepreneurship; Perceived Desirability; Perceived Feasibility; Propensity to Act; Environmental Awareness |
| JEL: | L21 L26 M19 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber223&r= |
| By: | Songporn Hansanti (Kasetsart University, Thailand Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Purpose - The sales of luxury brands are escalating worldwide and are predicted to have a steady growth. However, the outbreak of COVID-19 epidemic has put a halt on world markets of luxury brand watches, providing the opportunity for the second-hand luxury watches to grow. This study aims at examining the factors impacting consumers' social gratification of second-hand luxury brand watch. Methodology - The data were collected from two hundred members of second-hand luxury brand watches Facebook group which is a private and closed group on Facebook in Thailand. Findings - The structural equation model was conducted to analyze the results of the study. The research findings reveal several factors which significantly influence subjects' social gratification of second-hand luxury brand watch. Novelty - The results also showed that the perceived symbolic value plays an important mediating role between the perceived experiential value and the social gratification. Type of Paper - Empirical" |
| Keywords: | Second-Hand Luxury Brand Watch, Social Gratification, Thailand |
| JEL: | M30 M31 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr294&r= |
| By: | Chaiyot Sumritsakun (Faculty of Business Administration, Maejo University, 50290, Chiang Mai, Thailand Author-2-Name: Thanyawadee Mueangchai Author-2-Workplace-Name: Faculty of Business Administration, Maejo University, 50290, Chiang Mai, Thailand Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - The purpose of this study is to test the effect of sustainable management on earning management. This study's sample includes 100 Thai firms from the SET100 index that were listed between 2017 and 2019. Methodology – The sample of this study consists of 256 firm-year observations. Earning management is measured by the absolute value of the standard deviation of residuals from the (Yoon et al., 2006) model, and sustainability management of the firms is measured by using a score of the sustainability awards of firms that up to the type of sustainability awards that firm get. Findings – According to the results, sustainability management has a significant negative with earning management. The results suggested that firms that win the sustainability award have lower earning management. Novelty – Because sustainable management is a result of the fundamental factor that is engrained in the firm on how to conduct its businesses such as corporate culture, ethics, beliefs, and social norms and they have the incentive, to be honest, trustworthy, and ethical and concerned with the impacts of earning management. Type of Paper - Empirical" |
| Keywords: | Sustainable Management; Earning Management; Thai Listed Firms in SET100 Index; SET Sustainability Awards |
| JEL: | M41 M49 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr196&r= |
| By: | Zarinah Abdul Rasit (Faculty of Accountancy, Universiti Teknologi MARA Author-2-Name: Nur Adibah Mat Bahari Author-2-Workplace-Name: Faculty of Business and Management, Southern University College, Johor Bahru, Malaysia Author-3-Name: Sharina Tajul Urus Author-3-Workplace-Name: Faculty of Accountancy, Universiti Teknologi MARA Author-4-Name: Aida Hazlin Ismail Author-4-Workplace-Name: Faculty of Accountancy, Universiti Teknologi MARA Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - The study aims to examine the relationship between advanced technology in IR 4.0 and the implementation of Environmental Management Accounting (EMA) and its impact on environmental performance. The research also proposes the mediating effect of EMA that there is an indirect effect of technology IR4.0 and environmental performance through EMA. Methodology/Technique - Online survey questionnaires were used to collect data distributed to the managers of the Malaysian electrical and electronic companies which are members of the Electrical and Electronics Association of Malaysia (TEEAM). Data analysis was performed using Partial Least Squares (PLS) analysis for the hypotheses testing. Findings - The findings confirmed that advanced technology significantly and positively influenced EMA and environmental performance. EMA significantly and positively influenced environmental performance. Evidence of EMA as a mediator was identified in the relation between advanced technology and environmental performance. Novelty - Environmental data with inadequate credibility prevents management from making informed decisions. Technology IR 4.0 is a key to solving EMA issues, enhancing real-time environmental data, and improving the production process, thus leading to efficient environmental management and improved environmental performance. The study was conducted due to insufficient empirical evidence on the employment of IR 4.0 advanced technology in the use of EMA that leads to enhanced environmental performance. Type of Paper - Empirical." |
| Keywords: | Environmental Management Accounting; Advanced Technology Industrial Revolution 4.0; Environmental Performance, Contingency Theory, Electrical Electronic Industry. |
| JEL: | Q50 Q55 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr213&r= |
| By: | Dai, Shangze; Fan, Fei; Zhang, Keke |
| Abstract: | It is generally accepted that creative destruction can increase stock price informativeness, for innovative companies tend to behave more surprisingly. However, we believe the rising of stock price informativeness by enterprise innovation in emerging or developing markets is, in some sense, the result of executive ownership and insider trading. To investigate our proposition, we build a rational expectation framework model and define stock price informativeness (SPI) as the Kolmogorov-Smirnov distance between expected distribution and actual distribution of stock prices. Then we use Chinese listed company data to perform benchmark and mediation effects regressions, along with instrumental variable regression in the empirical sector. After that, we use Thailand and Indonesia listed company data for robustness tests. Finally, we divide Chinese listed companies into developed-economy funded and others to do grouping regression. The main conclusion is: Creative destruction can raise stock price informativeness, while executive ownership plays a partial mediating effect in the path of such influence. However, that mechanism is not significant when we use developed-country-funded enterprises listed in China as the sample for regression. Thus, the effects of creative destruction on stock price informativeness are uneven across countries, and executive ownership plays a vital role in that impact in emerging economies. |
| Keywords: | Stock price synchronicity; Enterprise innovation; Inside information; Executive ownership; Rational expectation |
| JEL: | G2 G3 G32 |
| Date: | 2022–07–05 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:113661&r= |
| By: | Siti Munira Jamil (Universiti Teknologi Malaysia, Malaysia Author-2-Name: Nurul Munirah Safian Author-2-Workplace-Name: Universiti Teknologi Malaysia, Malaysia Author-3-Name: Noor Hayati Mohd Zain Author-3-Workplace-Name: Universiti Teknologi Malaysia, Malaysia Author-4-Name: Nadzirah Husna Mohd Taib Author-4-Workplace-Name: Universiti Teknologi Malaysia, Malaysia Author-5-Name: Nurul Raudhah Zulkifli Author-5-Workplace-Name: Center of Statistical and Decision Science Studies, Faculty of Computer and Mathematical Sciences, Universiti Teknologi MARA, 40450 Shah Alam, Selangor, Malaysia Author-6-Name: Zakaria Mohd Yusof Author-6-Workplace-Name: Centre for Lifelong Learning, UTMSPACE Berhad, Universiti Teknologi Malaysia, 81310 UTM Johor Bahru, Johor, Malaysia. Author-7-Name: Azlan Ab Rahman Author-7-Workplace-Name: UTMSPACE Berhad, Universiti Teknologi Malaysia, 81310 UTM Johor Bahru, Johor, Malaysia. Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - The study explores the effects of lifelong learning on the human capital base as well as sustainable community development with a particular focus on graduate students at SPACE, Universiti Teknologi Malaysia, a group that is still understudied in Malaysia. Methodology/Technique - The study used a descriptive research approach with a sample size of 232. The sample was made up of 168, 38, and 26 students who graduated in 2020, 2018, and 2016, respectively. Stratified random sampling was used to select the samples from the three categories. Finding - One-way analysis of variance (ANOVA) was also carried out to compare the various mean scores of the first two hypotheses. In order to promote sustainable community development, this study attempts to investigate how graduate students in SPACE prioritize lifelong learning. Accordingly, items with a mean greater than 2.50 were considered to contribute significantly. Novelty - The study's findings include the financial advantages of lifetime learning, perspectives on using lifelong learning approaches to re-skill and upskill graduates in the current pandemic crisis, and barriers to lifelong learning in Malaysia. A rigid educational system, a lack of political will, and a rigid educational system were all barriers to graduate students' lifelong learning, in addition to their values and attitudes. A lack of institutional support, media coverage, and resources was also present. In terms of the financial advantages of lifelong learning and how the three groups of graduate students perceived using this strategy to re-skill and up-skill, ANOVA results showed that there was no statistically significant difference between the groups (p-value > 0.05). Type of Paper - Empirical" |
| Keywords: | Lifelong learning; upskilling; reskilling; economic; graduate; community; human capital; sustainable |
| JEL: | P25 O10 I25 |
| Date: | 2022–06–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr615&r= |
| By: | Taguchi, Hiroyuki |
| Abstract: | This study investigates the possibility of premature deindustrialization risk in Thailand, where the pressure of globalization and uneven industrial policies remain. This study adopts the latecomer index to materialize premature deindustrialization risk, which is expressed as the downward shift of the manufacturing–income relationship at the earlier level of income. The results of our empirical analysis confirm the presence of premature deindustrialization risk in Thailand’s regions as a result of globalization pressure (represented by China’s entry into the World Trade Organization) and uneven industrial policies conducted by the Thai government. Thus, the current industrial policies of the Thai government should be reconsidered to overcome premature deindustrialization risk in remote regions. |
| Keywords: | premature deindustrialization risk, Thailand, latecomer index, globalization, industrial policies, manufacturing–income relationship, import deindustrialization, inclusive growth |
| JEL: | O14 O53 |
| Date: | 2022–06 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:113560&r= |
| By: | Fatin Afiqah Md. Azmi (Centre for Real Estate Studies, Universiti Teknologi Malaysia, Johor, Malaysia Author-2-Name: Nurul Hana Adi Maimun Author-2-Workplace-Name: Centre for Real Estate Studies, Universiti Teknologi Malaysia, Johor, Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - Economic sustainability of heritage property can be measured through an active property transaction of a pre-war shophouse in the study areas. This paper investigates the breakdown of a number of pre-war shophouse transactions in Penang, Malacca, and Kelantan. Methodology/Technique - The documentary method notably the Annual Property Market Report was collected and analysed. Finding - The results demonstrated that in Penang, the pre-war shophouse sub-sector saw mixed movements in the number of transactions while the commercial property-like pre-war shophouse sub-market was generally stable in Malacca and in Kelantan's commercial sub-sector, the pre-war shophouse performed moderately in the review period. Novelty - These patterns of a number of property transactions of a pre-war shophouse in three study areas proved that the heritage property has a sustainable market value. Type of Paper - Review" |
| Keywords: | Economic Thought; Heritage; Market Value; Property Transaction; Real Estate; Sustainable |
| JEL: | D23 D29 |
| Date: | 2022–06–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr614&r= |
| By: | Yessie Fransiska Lydiana (School of Business and Management ITB, Indonesia Author-2-Name: Aurik Gustomo Author-2-Workplace-Name: School of Business and Management ITB, Indonesia Author-3-Name: Yuni Ros Bangun Author-3-Workplace-Name: School of Business and Management ITB, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - Customer changes in behaviour during the COVID-19 pandemic prompted banks to swiftly adopt digital transformation systems. Banks work towards a digitalisation of the industry by employing information technology in the financial sector. Methodology – The digital transformation brings opportunities as well as challenges. This study aims to enrich the study of DX, specifically in banking, by profiling future banking from the viewpoint of digital transformation. This study used the review method by consulting 21 articles that were complied with inclusion criteria. Findings – The findings showed that digital transformation has affected banking in some aspects, including the development of facility and equipment, application design, services and products, security and privacy protection, big data, policy and regulations, innovations, consumer satisfaction, as well as stock returns. Novelty – Based on this literature research, a future agenda can be prepared, including the drivers for future banking, the workforce profile for future banking, as well as the organization design for future banking. Type of Paper - Review" |
| Keywords: | Future Banking; Digital Transformation; Open Banking; Banking Transformation |
| JEL: | F65 G15 G21 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr199&r= |
| By: | Nurhazrina Mat Rahim (Faculty of Accountancy, Universiti Teknologi MARA Author-2-Name: Norli Ali Author-2-Workplace-Name: Faculty of Accountancy, Universiti Teknologi MARA Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - The study aims to examine the financial literacy level of Malaysian households and the role of financial socialization in improving an individual's financial literacy level. Methodology/Technique - Convenience sampling was used to select respondents in Malaysian households through questionnaires distributed between August and December of 2021 with a total of 132 retrieved responses. Findings - The results indicated that the Malaysian financial literacy level is above average. Financial education and financial socialization significantly enhanced an individual's financial literacy level. Novelty - The study is based on the Social Learning Theory and demonstrated the importance of financial socialization in improving an individual's financial literacy level. Hence, measures should be taken to enhance the role of social agents (family or friends) in informal financial education. Type of Paper - Empirical." |
| Keywords: | Financial literacy, financial socialization, financial education, drivers of financial literacy, social agents |
| JEL: | I22 M29 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr212&r= |
| By: | Abdullah Mohammed Sadaa (PhD Student at Graduate School of Business, Universiti Sains Malaysia, Malaysia Author-2-Name: Yuvaraj Ganesan Author-2-Workplace-Name: Senior Lecturer at Graduate School of Business, Universiti Sains Malaysia, Malaysia Author-3-Name: Chu Ei Yet Author-3-Workplace-Name: Senior Lecturer at Graduate School of Business, Universiti Sains Malaysia, Malaysia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - The aim of the study is to examine the relationship between ownership structure (state ownership, foreign ownership, institutional ownership, and management ownership) and nonperforming loans in the Iraqi banking industry. Methodology – Based on quantitative research, the study adopted an archival research strategy using documents (annual reports) as a source of data. In addition, 31 banks working in Iraq were selected based on panel data with a time frame specified for 2011-2020, with 310 observations. Findings – The study found that three types of ownership foreign, institutional, and managerial, are associated with NPLs negatively, but government ownership is linked to NPLs positively because government-owned banks might have a hard time resisting government interference, which leads to higher risk-taking. Novelty – research conducted on the relationship between ownership structure and non-performing loans mainly has focused on developed nations, and there has been little research on the subject in developing countries. There is a need for research centering on developing nations since studies on this topic in developed economies do not adequately explain the relationship between ownership structure and non-performing loans in these countries. As a result, the present research focuses primarily on Iraq, where a significant credit risk characterizes the banking system compared to other Middle Eastern developing nations. Furthermore, the material on ownership structure is not found in Iraq. Type of Paper - Review" |
| Keywords: | Corporate governance, Ownership structure, Non-performing loans, Iraqi banking industry |
| JEL: | C21 G32 H81 Z33 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr201&r= |
| By: | Nopriadi Saputra (Management Department, BINUS Business School, Bina Nusantara University, Indonesia Author-2-Name: Uchenna Onyemaechi Author-2-Workplace-Name: Abia State University, P.M.B. 2000. Uturu, Abia State, Nigeria Author-3-Name: Harry Sutanto Author-3-Workplace-Name: BINUS Business School, Jl. KH. Syahdan No. 9 Kemanggisan, 11480. Jakarta, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Purpose - This article aims to examine the relationship between learning resources toward online learning experiences. This is an attempt to examine the impact of personal persistence, collaborative learning, and digital lecture skills on e-satisfaction as well as on learning engagement Methodology - This article has collected and analysed perceptual responses from 106 students of selected private universities in Nigeria. Data were collected with a purposive sampling approach. The data was calculated by using the Smart PLS application. The second-order construction was applied to the research model and hypothesizes testing. Findings - The results showed that learning engagement was strongly influenced by e-satisfaction and indirectly by collaborative learning. Collaborative learning is influenced by personal persistence directly and digital teaching skills Novelty - This article has found empirical facts of digital lecturing skills as an influential institutional resource that influences other resources – such as grit as a personal resource and collaborative learning as a social resource. Type of Paper - Empirical" |
| Keywords: | Engagement, Satisfaction, Digital Lecturing Skill |
| JEL: | M12 M15 |
| Date: | 2022–07–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr293&r= |
| By: | Win, Myat Thida; Maredia, Mywish K.; Ortega, David L. |
| Keywords: | International Development, Research Methods/Statistical Methods, Marketing |
| Date: | 2022–08 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea22:322547&r= |
| By: | Win, Myat Thida; Maredia, Mywish K.; Boughton, Duncan H. |
| Keywords: | International Development, Research Methods/Statistical Methods, Marketing |
| Date: | 2022–08 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea22:322346&r= |
| By: | Michel Aglietta; Guo Bai; Camille Macaire |
| Abstract: | China’s 14th Five-Year Plan aims to inaugurate a structural change from intensive accumulation to innovation-driven growth, with two basic objectives: developing the domestic consumer market for an enlarged middle class, on the one hand; on the other, promoting the Belt and Road Initiative (BRI). This is the “dual circulation” towards the 2035 long-run objective of achieving a socialist market economy, embedded into an “Eco civilization”. Concerning the domestic part of the strategy, China is pledging innovations combining political ecology and digital economy to handle climate change in pursuing an upgraded commitment to the Paris Agreement. For this ultimate goal, R&D spending is being strategically reinforced. The international part aims at restructuring globalization towards a new geopolitical order. It is structured in three hierarchically intertwined steps. The first is the economic integration of Asia within the Regional Comprehensive Economic Partnership (RCEP), the largest trade agreement worldwide. The second level is the diversified network of infrastructures linking Asia, Africa and Europe along and around the old Silk Roads. The third part is the transcontinental network linking the Atlantic and the Pacific oceans through the Artic Road and the Central and Latin America networks. To succeed, this monumental project needs multilateral cooperation to overcome the huge financial leverage it is generating. Trust will be of the essence in attracting private capital. A tentative advance in Sino-European cooperation has been occurring within an agreement to expand mutual investment opportunities. All in all, China is looking for a strategic repositioning into the global multilateral framework so that the Middle Empire returns to the center of the world. |
| Keywords: | Dual circulation;Belt and Road initiative;Go West;Central bank Digital Currency |
| JEL: | N55 N75 O53 P41 |
| Date: | 2021–05 |
| URL: | http://d.repec.org/n?u=RePEc:cii:cepipb:2021-36&r= |
| By: | Fairul Rizal Haji Rashid (School of Business and Economics, Universiti Brunei Darussalam, Brunei Darussalam Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | "Objective - This study intends to understand the perceived roles undertaken by the Office of Strategy Management (OSM) and the meanings of its existence in the strategy implementation process in the public sector environment. Methodology/Technique - This research is guided by an interpretive methodology and is done through a case study on the OSM of a selected government ministry in Brunei. The primary instrument used in face-to-face interviews with departmental officers across the ministry including those from the OSM. Documentation analysis was also deployed that complemented the main research instrument. Finding - This research indicated that the perceived roles of OSM, and its actual ability to influence the strategy implementation process, are rather limited and merely act as a secretariat body. The causal conditions found which include top management commitment, legitimacy issues, full-fledged obligation, and lack of coaching and mentoring role have led to the current state of the OSM. In consequence, the ministerial-level strategy map has become an open-ended document and the departmental scorecard is merely used as a reporting mechanism to record the core routine repetitively performed over the years. Novelty - This study is arguably the first of its kind explored in academia in the context of the public sector domain. The study has been used and managed to contribute to the theoretical development of Institutional Theory, particularly in the New Institutional Theory of Sociology. Type of Paper - Empirical" |
| Keywords: | Office of Strategy Management; Strategy Management; Performance Management; Public Sector; South East Asia. |
| JEL: | M12 M19 |
| Date: | 2022–06–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr616&r= |
| By: | Ly Dai Hung (Vietnam Institute of Economics, Hanoi, Vietnam) |
| Abstract: | The paper characterizes the convergence of economic growth across economies on accounting for the sovereign debts rating, a measure of the safety of government debts. The empirical analysis combines a cross-section with a panel data regression on a sample of 180 economies over 1990-2019. The evidence records that there exists the convergence of economic growth (-convergence): an economy with lower initial per capita GDP has a higher average growth rate of per capita GDP. Moreover, on cross-section data, the sovereign debts rating amplifies the convergence process, and also exerts a positive effect on the steady state level of per capita GDP relative to that level of world leading economy. And on panel data, the convergence only applies for an economy attains a high enough sovereign debts rating (higher than a threshold of 10.8 established by the data). This result also constitutes an inverted-U-shaped dependence pattern of economic growth on the per capita GDP. These analysis together uncover one mechanism for the convergence that a higher sovereing debts rating raises both the domestic investment and foreign capital inflows, then, stimulating the capital stock accumulation toward the steady state per capita GDP. |
| Keywords: | Fixed-Effect Panel Regression,Safe Assets,Convergence of Economic Growth,Cross-Section Regression |
| Date: | 2021–11 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-03662832&r= |
| By: | Chang, Grace |
| Abstract: | Adolescents’ time allocation is an important determinant of non-cognitive skills formation, but evidence from developing countries is limited. This study builds upon two previous studies using data from four developing countries. I estimate how adolescents’ time allocation determines their self-esteem and self-efficacy – two measures of non-cognitive skills – and I show how these estimates are sensitive to trade-offs across different types of activities. In every country, an additional hour of domestic work that reduces time for school or study reduces children’s self-efficacy, significant for all countries except Peru. Work is most harmful for girls in India and Vietnam, but not for boys in Ethiopia. However, domestic or economic work that shifts time away from leisure is no more or less determinative of adolescents’ self-efficacy or self-esteem in all countries analyzed. Attending school and studying outside school improve both selfefficacy and self-esteem for adolescents in Peru, but are statistically insignificant in the other three countries. Overall, these findings are mainly relevant for selfefficacy compared to self-esteem. The harmful effects of adolescents’ work are contextual, depending on the activity substituted, and the country studied. |
| Keywords: | child labor; non-cognitive skills; time use; PhD Studentship Award; T&F deal |
| JEL: | J13 J22 J24 |
| Date: | 2022–05–24 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:115059&r= |
| By: | Qiying Wang (University of Sydney); Peter C. B. Phillips (Cowles Foundation, Yale University, University of Auckland, Singapore Management University, University of Southampton) |
| Abstract: | Limit theory is provided for a wide class of covariance functionals of a nonstationary process and stationary time series. The results are relevant to estimation and inference in nonlinear nonstationary regressions that involve unit root, local unit root or fractional processes and they include both parametric and nonparametric regressions. Self normalized versions of these statistics are considered that are useful in inference. Numerical evidence reveals a strong bimodality in the ?nite sample distributions that persists for very large sample sizes although the limit theory is Gaussian. New self normalized versions are introduced that deliver improved approximations. |
| Keywords: | Endogeneity, Limit theory, Local time, Nonlinear functional, Nonstationarity, Sample covariance, Zero energy |
| JEL: | C22 C23 |
| Date: | 2022–07 |
| URL: | http://d.repec.org/n?u=RePEc:cwl:cwldpp:2337&r= |
| By: | Xize Wang (National University of Singapore); Tao Liu (Peking University) |
| Abstract: | As a vital aspect of individual's quality of life, mental health has been included as an important component of the U.N. Sustainable Development Goals. This study focuses on a specific aspect of mental health: depression, and examines its relationship with commute patterns. Using survey data from 1,528 residents in Beijing, China, we find that every 10 additional minutes of commute time is associated with 1.1% higher likelihood of depression. We test for the mechanisms of the commute-depression link and find that commute is associated with depression as a direct stressor rather than triggering higher work stress. When decomposing commute time into mode-specific time, we found that time on mopeds/motorcycles has the strongest association with depression. Moreover, the commute-depression associations are stronger for older workers and blue-collar workers. Hence, policies that could reduce commute time, encourage work from home, improve job-housing balance or increase motorcyclists' safety would help promote mental health. |
| Date: | 2022–07 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2207.07990&r= |
| By: | Shuping Shi (Macquarie University); Peter C. B. Phillips (Cowles Foundation, Yale University, University of Auckland, Singapore Management University, University of Southampton) |
| Abstract: | In the presence of bubbles, asset prices consist of a fundamental and a bubble component, with the bubble component following an explosive dynamic. The general idea for bubble identification is to apply explosive root tests to a proxy of the unobservable bubble. Three notable proxies are the real asset prices, log price-payoff ratios, and estimated non-fundamental components. The rationale for all three proxy choices rests on the definition of bubbles, which has been presented in various forms in the literature. This chapter provides a theoretical framework that incorporates several definitions of bubbles (and fundamentals) and offers guidance for selecting proxies. For explosive root tests, we introduce the recursive evolving test of Phillips et al. (2015b,c) along with its asymptotic properties. This procedure can serve as a real-time monitoring device and has been shown to outperform several other tests. Like all other recursive testing procedures, the PSY algorithm faces the issue of multiplicity in testing that contaminates conventional significance values. To address this issue, we propose a multiple-testing algorithm to determine appropriate test critical values and show its satisfactory performance in finite samples by simulations. To illustrate, we conduct a pseudo real-time bubble monitoring exercise in the S&P 500 stock market from January 1990 to June 2020. The empirical results reveal the importance of using a good proxy for bubbles and addressing the multiplicity issue. |
| Keywords: | Bubbles; econometrics identification; market fundamental; explosive root; multiplicity; S&P 500 composite index |
| JEL: | C15 C22 |
| Date: | 2022–06 |
| URL: | http://d.repec.org/n?u=RePEc:cwl:cwldpp:2331&r= |
| By: | Bruns, Selina JK; Hermann, Daniel; Musshoff, Oliver |
| Keywords: | Research Methods/Statistical Methods, Risk and Uncertainty, Community/Rural/Urban Development |
| Date: | 2022–08 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aaea22:322263&r= |
| By: | Jinho Choi (ASEAN+3 Macroeconomic Research Office (AMRO)); Alexander den Ruijter (ESM); Kimi Xu Jiang (ASEAN+3 Macroeconomic Research Office (AMRO)); Edmund Moshammer (ESM) |
| Abstract: | We assess Japan’s sovereign credit rating dynamics and its long-term outlook using market implied and fundamental rating models. Japan’s recent market-implied ratings, which are based on government bond prices and Credit Default Swap (CDS) spreads, have outperformed actual ratings and this could continue over the next few years, supported by prolonged Bank of Japan (BOJ) monetary easing – underpinned by the Qualitative and Quantitative Easing (QQE), the Negative Interest Rate Policy (NIRP), and the Yield Curve Control (YCC). In contrast, our fundamental model foresees up to three rating downgrades in the next decade, driven mainly by a further deterioration in fiscal conditions and a sub-par economic growth outlook relative to peers with similar credit ratings. The pandemic has drastically impacted Japan’s fiscal metrics, but rating agencies might still apply a ‘discretionary bonus’ to sovereign ratings for Japan and other countries for some time, reflecting the symmetric nature of the COVID-19 shock. These discretionary bonuses are expected to fade gradually, but for Japan rating agencies may decide to retain the bonus because of Japan’s exceptionally strong external financial position; the yen’s international reserve currency role; the capacity to refinance its own debt; and Japan’s strong governance profile, all factors that would offset any downward pressures on the credit rating. In our adverse scenario, rating downgrades could trigger higher currency funding costs, lower credit ratings for the private sector, and increase international investment outflows. To avoid this adverse scenario, policymakers need to strengthen fiscal sustainability and accelerate structural reforms to boost the long-term post-pandemic growth potential. |
| Keywords: | Structural credit ratings; market-implied credit ratings; sovereign risk; macro-economic and fiscal fundamentals; Japanese economy. |
| JEL: | E02 E62 E66 G10 H68 |
| Date: | 2022–04–06 |
| URL: | http://d.repec.org/n?u=RePEc:stm:wpaper:52&r= |
| By: | Andrea Molinari (Instituto Interdisciplinario de Economía Política de Buenos Aires - UBA - CONICET); Leticia Patrucchi (Universidad Nacional de Moreno); Cecilia Flores (Universidad Nacional de Moreno) |
| Abstract: | El dinamismo en el mapa de actores financieros multilaterales y regionales de los últimos años se manifiesta en diversas dimensiones. Una de ellas es la emergencia de nuevos actores. El Nuevo Banco de Desarrollo del BRICS (NDB) y el Banco Asiático de Inversión en Infraestructura (AIIB) vienen captando una creciente atención debido a su desafío de complementar las necesidades, especialmente de infraestructura, del mundo en desarrollo. A cinco años de su puesta en marcha, este trabajo indaga en sus políticas operativas y principales instrumentos de financiamiento, caracterizando luego su volumen de operaciones y la composición sectorial y geográfica de sus carteras. Además del exponencial crecimiento prestable, destacan diferenciales como el cofinanciamiento con BMDs tradicionales (AIIB) o el financiamiento de bancos nacionales y subregionales de desarrollo, o en moneda local (NDB). |
| Keywords: | Nuevos Bancos de desarrollo, Financiamiento, Políticas operativas, Proyectos |
| JEL: | F33 F53 O19 F63 N25 |
| Date: | 2021–09 |
| URL: | http://d.repec.org/n?u=RePEc:ake:iiepdt:202167&r= |