Vol 3 No 2 (2022)

Published: 2022-06-16

-- In Progress --

Abstract views: 45   PDF downloads: 19  
2022-09-23

Page 238-252

Innovation input incentive policy and financialisation of entity enterprises: Evidence from the policy of additional deduction for R&D expenses

blankpage Hui Sun, Youyu Long, Yuanhai Fu, Xiaozhun Peng

In the structure of business investment, the tendency of entity enterprises to financialise profoundly affects their incentive to invest in innovation. The question of whether and how innovation investment incentive policies can facilitate firms to adjust their investment capital structure more in favour of R&D innovation deserves attention. This paper empirically examines the impact and mechanism of innovation investment incentive policies on the investment structure of enterprises based on micro-operating data of listed A-share enterprises from 2009 to 2020, taking the R&D expense-plus deduction policy as an example. The study finds that: firstly, the R&D expense-plus-deduction policy significantly promotes firms' investment structure demand for engaging in R&D investment; secondly, its main mechanism comes from the reduced financialisation of entity enterprises, which further increases R&D investment under the incentive of strengthening firms' market capitalisation management capital and the level of risk-taking of firms; thirdly, the policy effect is subject to the effects of firm size, gearing, return on total assets, the nature of firm ownership, management shareholding shares, and firm age. The findings suggest that the innovation investment incentive policy promotes a more biased investment structure of firms towards R&D innovation and achieves the desired objectives of the policy.

Abstract views: 185   PDF downloads: 112  
2022-07-12

Page 219-226

Investigating and estimating the size of Shadow Economy by using monetary approach: Case study of Malaysia

blankpage Yousaf Ali Khan

The purpose of this study is to explore and estimate the size of Shadow Economy of Malaysia. This study used annual Time series data from 1980 to 2018, introduced Lending Interest Rate as additional variable for the first time to estimate the Shadow or dim Economy, and focused on the Currency Demand Approach (CDA) which is the best way of estimation the size of S.E. The results of ARDL, Unit Root Test (ADF) and Bound Test have also generated for the purpose. And this study investigated positive relationship between Currency Circulation to Money Supply Ratio and GDP, Inflation, Interest rate, and Total Tax Revenue through ARDL and estimated the required Shadow Economy, and also explored the Shadow Economy of Malaysia and estimated the size of S.E. Size of tax evasion community has also derived by present research which represent that taxes are not the only measures of Shadow Economy.

Abstract views: 326   PDF downloads: 142  
2022-06-21

Page 207-218

Ensuring risk-free e-banking services in Russian-economy: Policy guidance

blankpage Akim M. Rahman, Saadi Islam

In today’s e-banking, customers compete for comparative time-saving-options. Banks compete for maximizing profits. But many factors are unpredictable. These are perceived risks factors (PR) that undermines growth trends of e-banking in economy country-wise such as Russia. Bank-deposits, bank-accounts are covered by Deposit Insurance System (DIS) in Russian-economy. However, PR-factors are not covered. It causes abuses. Addressing the dilemma, application of Akim’s model – Voluntary Insurance (VI) as a product can be instrumental attracting more individuals using e-banking. Welfare Analyses are used as guidance for ensuring efficiency-cost or competitive pricing of the VI so that it becomes appealing to both customers and Banks. When bank is an insurance-provider, under asymmetric-information, existence of adverse-selection-group is detected where estimated welfare-cost associated with inefficient pricing created by adverse-selection is small. However, advantageous-selection-group in market results opposite. The findings can be helpful in policy-design ensuring risk-free digital-banking, which can attract policy-practitioners in Russia. Using customers-opinions can facilitate empirical studies.  

Abstract views: 268   PDF downloads: 144  
2022-06-16

Page 199-206

Venture capital, enterprise performance and accounting information quality - GEM listed companies of China

blankpage Javed Pervaiz, Bob Qu, Junaid Masih

Aim of this study’s using the GEM listed companies’ data from 2015 to 2019, finding the relationship between venture capital, accounting information quality, and corporate performance. Through empirical analysis found that venture capital participation has a significant role in promoting corporate performance. Results show that higher accounting information quality has a significant role in promoting corporate performance. The characteristics of venture capital have a significant role in regulating the relationship between accounting information quality and corporate performance.

Abstract views: 227   PDF downloads: 107  
2022-07-25

Page 227-237

Pitfalls on strategy execution of an organization: A literature review

blankpage Belay Getachew Girma

The purpose of this study is to explore the pitfalls on strategy execution of an organization as organizations often unable to meet objectives and most likely fails, and this is normally attributed due to the inefficiency on the strategy implementation process. To address this gap, the research employed a deductive approach with exploratory research design by focusing on qualitative data as a systematic review of theoretical and empirical studies are more vital for this type of research. The study focused on a systematic literature review (SLR) of 22 peer-reviewed theoretical and empirical studies. By using a review and generalization of the existing approaches followed by synthesizing with relevant model portrayed organizations seriously faced a challenge on implementation phase and the inability to properly address the pitfalls on strategy execution process costs a lot especially to senior and top executives as they are primarily responsible for the successful execution of an organization strategy. Hence, organizations shall establish a clear evaluation system and sense of ownership for successful implementation of a strategy. As a future direction the paper also identified that a more in-depth and field work research in an organizations are vital in order to examine and address the challenges on the implementation phase.