International Journal of Economics and Financial Issues

<strong>International </strong><strong>Journal of Economics and Financial Issues (IJEFI) </strong>is the international academic journal, and is a double-blind, peer-reviewed academic journal publishing high quality conceptual and measure development articles in the areas of economics, finance and related disciplines. The journal has a worldwide audience. The journal's goal is to stimulate the development of economics, finance and related disciplines theory worldwide by publishing interesting articles in a highly readable format. </p><p style="margin-top:1em;margin-bottom:1em;color:rgb(17,17,17);font-family:'Times New Roman', Times, Georgia, serif;font-size:11.2px;">The journal is published Bimonthly (6 issues per year) .</p>

List of Papers (Total 2,177)

Components of the Public Budget and their Effects on Public Debt in Jordan

This study aims to identify the role of the main components of the public budget for influencing public debt in Jordan through an econometric study. In particular, the EViews 9 program is applied to the annual time series of public debt, current expenditures, capitalism expenditures, taxes, and external grants from 1990 to 2018. Results are related to the data that served as...

Firms Practice and Innovation Management: Case of Fujairah Emirate, United Arab Emirates

Innovation Management has received a lot of attention in the last few decades, from a vital determinant of the global competitiveness of nations over the coming decade to the primary driver of economic progress and well-being. Many countries over the world have adopted national strategic roadmaps to foster innovation and enhance its economic impact to boost productivity and...

Determinants of International Migration: An Applied Study on Selected Arab Countries (1995-2017)

The objective of this study is to analyze the pull and push factors as determination of international migration from selected Arab countries (Algeria, Egypt, Iraq, Jordan, Lebanon, Libya, Mauritania, Morocco, Sudan, Syria, Tunisia, Yemen) to western countries (Canada, France, Germany, Britain, USA), using Unbalanced Panel Data For the period of (1995-2017). The study aimed at...

Best Candlesticks Pattern to Trade Stocks

This research examines whether candlesticks patterns can predict trends swings. Our results indicate that well known two days "Engulfing" pattern have failed to produce a positive gain while the "Harami" pattern has barely succeeded to do so. A more complex patterns known as the "Kicker" barley achieved a positive average gain and was also outperform by the simple B&H strategy...

An Empirical Study in Albania of Foreign Direct Investments and Economic Growth Relationship

Albania has managed to attract increasing foreign direct investments (FDI) inflows as a result of achieving political and macroeconomic stability, improving the business climate and legislation. FDI is an essential source of sustained economic growth for Albania, bringing in capital investment, advanced technology, and highly qualified management. FDIs have helped the country...

Heterogeneity in Earning Management of Listed Companies Following International Financial Reporting Standards Convergence: A Developing Country Experiences

This study examines the earning management behavior of Sri Lankan firms following IFRS convergence. Moreover, we investigate whether the earning management following IFRS convergence is similar across different companies. We separately evaluate the companies based on size, auditor type, and performance to see whether these factors can moderate earning management behavior. We...

Corporate Social Responsibility Practices and Economic Performance in Colombia: The Moderating Effect of Family Control

The purpose of this descriptive-quantitative study was twofold. On the one hand, it seeks to determine the relationship between the implementation of CSR practices and economic performance. On the other, it seeks to identify the effect of family control on the CSR-Performance relationship. For this, we studied a sample of 55 companies listed on the stock exchange of Colombia...

IPO Firms Subsequent Acquisition Activity and IPO Underperformance

We examine the IPO firm’s acquisition activity influence on the long-run performance of IPO during 1994-2015. We find that the IPO acquiring firms are generating positive abnormal returns for the first two years of going public and in the third, these firms generate negative abnormal returns, but they perform better than the non-acquiring IPO firms. We further investigate...

Female Trustees and University Financial Performance

The board of trustees of a postsecondary educational institution has a similar role to a corporate board of directors. Trustees must represent stakeholder interests, have a role in governance, and are responsible for the continued financial success of the institution (Brown, 2014). The composition of the board is an important factor in university governance, just as it is in a...

Effect of Financial Performance, Good Corporate Governance and Corporate Size on Corporate Value in Food and Beverages

This study aims to determine the effect of financial performance, good corporate governance, and company size as an independent variable on company value as a dependent variable on food and beverage companies listed on the Indonesia Stock Exchange in 2015 - 2017. This study uses a quantitative approach. Sources of data in this study came from the company's financial statements...

Impact of Human Resources Development on Organizational Financial Performance and Its Impact on Good Government Governance

The purpose of this study is to determine the effect of Human Resources Development on Financial Performance and Its Implication on Good Government Governance. Accounting is concerned in recording financial reporting to the management of the company as a business entity that is not the owner of the company so that the concept of business unity is the center of accountability and...

Dividend Initiation Policy and the Effect on Dividend Sustainability (At Initial Public Offering Companies on the Indonesia Stock Exchange)

This study aims to examine the effects of maturity and agency cost model variables on the behavior of dividend initiation policy, and the effect itself on dividend sustainable. Samples of 93 non-financial companies that have Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX), 2005 - 2017. This study uses Structural Equation Modeling with SmartPLS software to test...

Comparative Study of Ambiguity Resolution between the Efficiency of Conventional and Islamic Banks in a Stable Financial Context

Based on the weak results of previous researches on the efficiency’s topic of Islamic and classical banks, we noticed that they were paradoxical results which are sometimes complementary and sometimes contradictory. Several studies have confirmed the effectiveness and resilience of Islamic banks in the face of financial shocks and crises during periods of disruption and financial...

Analysis of the Background for the Failures of Poverty Alleviation Programmes Special Reference to Trincomalee District, Sri Lanka.

Poverty is the major problem in the world. In fact, poverty is recognized as the main factor that influences the growth of economy in a country. Apparently, many regions still have the problem of poverty and make effort to reduce poverty. Consequently the scholars found the factors affecting poverty alleviation programmes are community participation, integrative framework...

Exploring the Linkage between Corruption and Economic Development in The Case of Selected Developing and Developed Nations

Corruption is like an epidemic that has the power to destroy a country’s socioeconomic, financial, human and political environment. It has severe consequences in developing countries. This study has examined the impact of existing human, political, financial and economic factors on corruption for a set of panel countries. The data from 1995 to 2004 is used to serve this purpose...

Does Chaos Matter in Financial Time Series Analysis?

The apparent randomness of financial market led some economists to approach chaos theory as a theoretical framework able to explain those fluctuations. This interest is because some nonlinear deterministic systems with few degrees of freedom create signals that mimic stochastic signals from the point of view of traditional time series analysis but with a deepener analysis...

Culture-specific Investment Attractiveness Index: An Original Composite Indicator

This paper presents an original approach to the investment attractiveness of the countries. The author developed an index of investment attractiveness which takes into account indicators of cultural specificity. The specialty literature offers a variety approaches in which different factors that are considered determinants of foreign direct investment (FDI) are analyzed. However...

Behavioural Asset Pricing: A Review

Neoclassical asset pricing is built on the premise investors are rational and there are unlimited arbitrage opportunities. Behavioural implications of irrational investors led to the development of the counter paradigm, behavioural asset pricing. This study systematically reviews the origin and evolution of behavioural asset pricing distinct to neoclassical asset pricing. It...

Impact of Banking Supervision on Liquidity Risk and Credit Risk: Evidence from Nigeria

This study investigates the effect of banking supervision on liquidity risk and credit risk in Nigeria. This research aims to determine the extent to which liquidity and credit risk has on banking supervision as well as to investigate the interdependence of liquidity risk, credit risk and banking supervision on themselves. It is also imperative to state that a study of this...

Firm-specific and Contextual Determinants of Sri Lankan Corporate Hotel Performance

Stimulated by the burgeoning tourism industry and its vital importance to the country’s economy, this study examines the firm-specific and contextual determinants of Sri Lankan corporate hotel performance. We use data from a sample of 29 listed hotels for seven years from 2012 to 2018. This study uses a multidimensional financial performance measure (CFPS), in addition to return...

Analyzing the Enablers for Turkish Defence Industry Supply Chains: An Interpretive Structural Modelling Approach

Defense Industry is one of the most important contributors to a country’s power in economic and political domain. In this sector, there is always the need for continuous innovation and modernization parallel to the technological developments. In this context, aim is to improve the supply chain management for Defense Sector with the efforts of providing for it nationally through...

Effects of Trade Agreements and Foreign Direct Investment on Trade: Evidence from Vietnam

In recent years, Vietnam has embarked on trade liberalisation leading to increased trade flows, as well as benefiting from increased foreign direct investment (FDI) inflows. This paper analyses the impacts of a range of trade agreements and FDI inflows on Vietnamese trade flows. We offer new insights through considering which of the key trade agreements have been more efficient...

Capital Structure and the Profitability-Liquidity Trade-off

Theoretical guidance suggests a trade-off between profitability and liquidity in effect of capital structure decisions. This study investigates the link between capital structure and profitability-liquidity trade-off using descriptive and Panel-VAR analysis for 18 listed manufacturing companies in Nigeria. Findings from this study show no evidences of profitability-liquidity...

Federation Account Allocated Funds and Economic Growth in Nigeria: A Pre and Post Democracy Dispensation Assessments

The study investigates the impacts of federation account allocated funds on economic growth in Nigeria prior to reinstatement of democracy and after the restoration witnessed in May 29, 1999. The study employs annual time series data from 1989-1998 for pre restoration evaluation while data employed for post reinstatement assessment span from 2007-2016. All data were collected...

Executive Compensation and Insurance Sector Performance: Evidence from Nigeria

This study investigates how six different measures of firm performance affect executive compensation in Nigerian insurance sector (2011-2016). The Im, Pesaran and Shin (IPS) and Kao Residual tests were employed to ascertain stationarity and cointegration of the variables. Mixed stationary and no cointegration were observed. The results indicate that profitability variables...