https://journalajeba.com/index.php/AJEBA/issue/feed Asian Journal of Economics, Business and Accounting 2024-05-24T07:13:02+00:00 Asian Journal of Economics, Business and Accounting contact@journalajeba.com Open Journal Systems <p style="text-align: justify;"><strong>Asian Journal of Economics, Business and Accounting (ISSN: 2456-639X)</strong> aims to publish high quality papers (<a href="/index.php/AJEBA/general-guideline-for-authors">Click here for Types of paper</a>) in all areas of ‘Economics, Business, Finance and Accounting’. By not excluding papers based on novelty, this journal facilitates the research and wishes to publish papers as long as they are technically correct and scientifically motivated. The journal also encourages the submission of useful reports of negative results. This is a quality controlled, OPEN peer-reviewed, open-access INTERNATIONAL journal.</p> https://journalajeba.com/index.php/AJEBA/article/view/1361 Addressing Challenges and Promoting Development: Strategies for Health and Wellness Industry in Ethnic Regions 2024-05-18T12:58:13+00:00 Tsaifa (TF) Yen 1722997311@qq.com <p>China has entered an aging society. In order to respond to the aging society, government departments have successively introduced various pension policies since 2013 with an attempt to mitigate the impact of the aging society. Under this context, the health and wellness industry came into being. However, the documents of the central department for the health and wellness industry are still lacking, the health care issues in ethnic region have received less attention, and there is no specific legal source for local governments and enterprises to follow. The purpose of this paper is to clarify the development of the health and wellness industry in ethnic region through literature analysis, to study the feasible path of the development of the health and wellness industry in ethnic region, and to provide suggestions. This study finds 40 representative papers on rural revitalization and health and wellness industry in the past three years through literature retrieval. We summarize the questions raised in the papers, analyzes and evaluates them, and finally proposes a conclusion. Findings show that the development of health and wellness industry in ethnic region lacks national level policies, and the details of local implementation are relatively weak. Moreover, in terms of the development path of the health and wellness industry in ethnic region, the integration model of health care, sports, culture and tourism seems to be a feasible direction. In addition, the development of health and wellness industry in ethnic region has a positive impact on rural revitalization. In other words, the development of health and wellness industry in ethnic region may have a high coupling effect with regional economy. Finally, this study provides some useful suggestions for government departments and subsequent research.</p> 2024-05-18T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1339 Analysis of Trade Effects of Parallel Exchange Rate in Nigeria 2024-04-25T12:59:49+00:00 Oluwatosin Juliana Oyetayo oyetayooj@funaab.edu.ng Felix Gbenga Olaifa Ebenezer Adesoji Olubiyi <p><strong>Aims: </strong>The study examines the potency of parallel exchange rates in the movement of international trade in Nigeria. The monetary authorities have embarked on various exchange rate regimes basically because the supply of foreign exchange is not enough to meet the demand. Consequently, a parallel market for exchange rates exists and has become a strong and functional market in the country. But the reason for managing foreign exchange and by extension, introducing various exchange rate regimes was to correct the balance of trade disequilibrium. Yet the balance of trade deteriorates, particularly that of non-oil trade balance.&nbsp; Does the parallel exchange rate contribute to this or does it ameliorate it?&nbsp;&nbsp;</p> <p><strong>Study Design: </strong>Descriptive, Correlation, and Regression analysis on time series data.</p> <p><strong>Place and Duration of Study:</strong> Sample: Monthly data from January 2007 to December 2022 (2007:1-2022:12) were extracted from the online data repository of the Central Bank of Nigeria.</p> <p><strong>Methodology:</strong> The autoregressive distributed lag technique was employed on monthly data between January 2007 and December 2022 (2007:1-2022:12).</p> <p><strong>Results:</strong> The result indicates that the short-run dynamics of total exports (total imports) are negatively (positively) and significantly affected by parallel exchange rate. Generally, depreciation of the parallel exchange rate is detrimental to export particularly non-oil exports. Further, depreciation of parallel exchange rate encourages imports and highly persistent in influencing non-oil imports.&nbsp; The J-curve phenomenon breaks down for total balance of trade. However, the J-curve phenomenon cannot be confirmed in the case of oil trade balance because there is no information about the long run effect of parallel exchange rate on oil export due to the non-integration of the model.&nbsp; In the case of non-oil trade balance, the short-run outcome confirms the existence of the J-curve prediction.&nbsp;</p> <p><strong>Conclusion:</strong> Following these results, it is recommended among others that government should activate a single market (window) for foreign exchange. Also, the authorities should ensure that importation of non-oil products such as exotic cars by government officials be stemmed.</p> 2024-04-25T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1340 Analyzing the Impact of Exchange Rates on Trade Performance in Tanzania: A VECM Approach 2024-04-26T12:01:19+00:00 Hafidh Ali Hafidh hafidh.h9@zanvarsity.ac.tz Nahifa Said Soud <p>This paper investigates the relationship between exchange rates and trade performance in Tanzania using a Vector Error Correction Model (VECM) analysis. The background discusses the importance of exchange rates in international trade and how fluctuating exchange rates can impact trade performance. The methodology section explains the research design, model specification, and estimation techniques employed, such as unit root tests, co-integration analysis, and VECM. The findings highlight a long-run positive relationship between exchange rates, foreign direct investment, GDP, and labor forces with trade performance, while inflation rate shows a negative impact. Granger causality tests reveal causal relationships between different variables and trade performance. The conclusions suggest policy recommendations for the government to enhance trade performance through fiscal and monetary policies and encourage further research in the field.</p> 2024-04-26T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1341 Proposed Initiatives to Protect Small Businesses in Wales; the United Kingdom Due to Covid-19 2024-04-27T13:41:18+00:00 Umar Iqbal Butt omar.iqbal@live.com <p>In the wake of the COVID-19 pandemic, small businesses worldwide have faced unprecedented challenges. This study presents a detailed analysis of these challenges and explores the effectiveness of government interventions in supporting small business recovery. Utilizing a mix of quantitative research methods, including statistical analysis and a comprehensive literature review, the research focuses on the specific impacts of the pandemic on small business operations and finances. Key findings indicate that small businesses have suffered significant disruptions, primarily in supply chain management and customer engagement. The study evaluates various government initiatives, such as financial aid packages and regulatory relaxations, highlighting their role in mitigating the pandemic's adverse effects. Furthermore, it proposes a set of recommendations for both government and small businesses, emphasizing the need for tailored financial support, enhanced digital transformation strategies, and flexible operational adjustments. The research concludes that a collaborative approach between government and small businesses is essential for ensuring sustainable growth and recovery in the post-pandemic era. This study contributes to the existing body of knowledge by providing actionable insights and practical strategies for policymakers and business owners, aiming to bolster the resilience and long-term prosperity of small businesses, which are integral to the global economy.</p> 2024-04-27T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1342 Sustainability Reporting and Performance of Selected Quoted Firms in Nigeria 2024-04-30T12:33:50+00:00 G.T. Akinleye B. O. Owoniya jide_muyiwa05@yahoo.com <p>The performance of quoted firms listed on the Nigerian Exchange Group (NGX) is crucial for driving economic development, job creation, and wealth generation in Nigeria. Despite the growing interest in sustainability practices among Nigerian firms, there is a lack of empirical research examining the relationship between sustainability reporting and financial performance. To address this gap, this study conducted a comprehensive analysis of the link between sustainability reporting and the financial performance of quoted firms in Nigeria. This research employed an ex-post facto research approach, utilizing data from annual reports, financial statements, and sustainability reports of 153 publicly listed companies on the Nigerian Exchange Group (NGX). Through quantitative methods, the study assessed the extent and quality of sustainability reporting among Nigerian companies and its relationship with financial performance indicators. A purposive sampling method was used to select a sample of 10 firms known for their voluntary disclosure of information in financial reports. The study spanned from 2012 to 2021, totaling 10 years, and involved both descriptive and inferential statistical analyses of the collected data. Using regression analysis, the study found a statistically significant positive impact of sustainability reporting metrics - including governance information disclosure, credibility information disclosure, and environmental profile disclosure - on firm performance. This suggests that companies in Nigeria that disclose information regarding governance policies, credibility, and environmental practices tend to perform better financially.This study concluded that companies that engage in transparent reporting regarding governance policies, credibility, and environmental practices demonstrate better financial performance. Based on the findings, it is recommended that Nigerian regulators and policymakers encourage and support sustainability reporting initiatives among quoted firms.</p> 2024-04-30T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1343 Competence and Work Motivation on Employee Performance Mediated by Career Development 2024-04-30T12:40:22+00:00 Ivan Agung Wirana alfalisyado@gmail.com Suyoto Akhmad Darmawan Alfalisyado <p>This research aims to determine the influence of competency and work motivation on the performance of Banyumas Industry and Trade Service Employees with Career Development as a mediating variable. This quantitative research uses a simple random sampling method with a population of Civil Servants, using data collection instruments and a questionnaire. The sample used was 131 employees. The analysis technique uses SEM with the Smart PLS Version 3.0 tool. The tests used are the outer model, inner model, and mediation and hypothesis tests. The research results show that competence, work motivation, and career development positively and significantly affect employee performance. Competence and work motivation have a positive and significant effect on career development. Career development mediates the influence of competency and work motivation on employee performance.</p> 2024-04-30T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1344 The Effect of Environmental Regulation on the Competitiveness of Pharmaceutical Manufacturing Industry 2024-05-01T11:02:55+00:00 Yuqin Wang wangyuqin0981@163.com Jun Sun <p>Environmental regulation, as a tool for the government and society to reduce environmental pollution and achieve social civilization and sustainable economic development, has long been a key factor in economic development, and it is of great significance to explore the impact of environmental regulation on the competitiveness of the pharmaceutical manufacturing industry on the development of China's manufacturing industry. Based on China's provincial panel data from 2011-2021, an evaluation system is constructed from four dimensions: scale, efficiency, innovation and input, the entropy method is applied to measure the competitiveness indicators of China's pharmaceutical manufacturing industry, and a benchmark regression is constructed through a two-way fixed-effects model, and heterogeneity test, robustness test and mediation test are conducted. It is found that environmental regulation has a significant positive effect on the competitiveness of China's pharmaceutical manufacturing industry, and there are differences in the impact on each region. In addition to direct empowerment, environmental regulation also enhances the competitiveness of pharmaceutical manufacturing industry through technological innovation, and its mediation effect is significant. Finally, based on the above findings, it is recommended that the intensity of environmental regulations and subsidies should be increased, differentiated environmental regulation policies should be formulated, and milder market interventions should be used to create a healthy and positive market environment, and the introduction of scientific and technological talents should be increased in order to enhance the scientific research strength of China's pharmaceutical manufacturing industry.</p> 2024-05-01T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1345 The Role of Job Satisfaction as Mediation on the Influence of Work Life Balance and Training on Job Performance 2024-05-01T12:26:06+00:00 Navilati Assyahidah Wida Purwidianti widapurwidianti@ump.ac.id Azmi Fitriati Suyoto <p><strong>Aims: </strong>Human resource performance management is essential in supporting the achievement of organizational goals. This study examines the effect of work-life balance and training on work performance, with job satisfaction as a mediating factor and gender as a control variable. This research will provide insight into companies' policies and management of human resources.</p> <p><strong>Study Design:</strong> This research is quantitative research using a survey method. The research was conducted at the Indonesian Red Cross (PMI) Banyumas Regency from September to October 2023.</p> <p><strong>Methodology:</strong> The population in this study was 180 employees. The sample used was 119 employees, with sample takers using the purposive sampling method. The analytical tool used in this research is Structural Equation Modeling (SEM) with a Partial Least Square (PLS) approach. An outer model analysis technique was used to test the validity and reliability of the measurements used, followed by an inner model analysis technique to test the relationship between latent constructs and hypothesis testing.</p> <p><strong>Results:</strong> This research found that work-life balance and job satisfaction influence performance, but training does not influence performance. This research also found that training affected job satisfaction, but work-life balance did not affect job satisfaction. Even though training does not have a direct effect on performance, if it is mediated by job satisfaction, training will affect performance. In contrast, work-life balance has a direct impact on performance, but job satisfaction is not strong enough to mediate the relationship between work-life balance and performance. Apart from that, this research also found that gender as a control variable did not influence performance.</p> 2024-05-01T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1346 Exploring Consumer Perceptions and Value Addition in Street Cuisine: A Case of Kalai Ruti 2024-05-03T10:47:11+00:00 Md. Hasibur Rahman Md. Mahfuzul Hasan mahfuzul44998@bau.edu.bd Md. Khaled Masud Md. Moniruzzaman Sambhu Singha Md. Salauddin Palash <p><strong>Aims: </strong>The study focused on Kalai Ruti, a popular street food made from black gram in Chapai Nawabganj, Bangladesh. It is aimed to examine the potential for enhancing the dish’s value and to assess consumer attitudes towards street food in that region.</p> <p><strong>Study Design:</strong> This study adopted quantitative approach where purposive sampling technique was used to select the sample size. Face-to-face interviews were performed with a structured questionnaire facilitated in-depth interactions with the respondent to reach the goal.</p> <p><strong>Methodology:</strong> The research involved direct surveys with 100 Kalai Ruti customers and 30 local vendors. It is employed multiple linear regression and descriptive statistics to analyze data. This included examining the value addition from incorporating various meats and vegetables typical in Bangladeshi cuisine of Kalai Ruti, as well as analyzing the cost and selling price of these ingredients.</p> <p><strong>Results:</strong> Findings showed significant value addition from different meats: BDT 370.07 per kg for chicken, BDT 988.3 per kg for beef, BDT 386.03 per kg for duck, and BDT 38.8 per kg for eggplant. Consumer’s feedback was overwhelmingly positive, with over 76% of participants expressing favorable opinions. The analysis also revealed that the street food culture around Kalai Ruti is shaped by a blend of value addition, consumer preferences, and socio-demographic factors. It is also seen that education, family size, and income had minor effects, age, gender, occupation, and marital status significantly influenced consumer choices.</p> <p><strong>Conclusion:</strong> The study offers valuable insights that can help enhance marketing strategies and support the sustainable development of the street food sector in the area. Furthermore, it is opening the gate of future research on this sector to discover the scope and expansion of Kalai Ruti’s market.</p> 2024-05-03T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1347 The Effect of Amortizing the Value of Human Resource Cost on the Financial Performance of Nigeria Banks 2024-05-07T07:28:25+00:00 Odewusi Oyetola Olalere Mayowa David mayowaolalere@gmail.com <p>This study looked into how Nigerian banks' financial performance was affected by depreciating their human resource costs. The research design used in this study is the survey research design. Reliability and validity of the data sources were established by the questionnaire. The data were analyzed using the descriptive and Regression statistical technique. It was discovered that human resources had a major influence (Adj R2 = 0. 858, F (9.064)). The findings showed that financial performance benefited from the expense of human resource training. FP was significantly impacted by HRTC (β = 0.3.86, t = - 1.586, p&lt; 0.05), and FP was significantly impacted by HRAC (β = 0.911, t = 4.143, p&lt;0.05). According to the study, using acquisition costs for human resources has a favorable effect on an organization's financial performance. The management boards of the banks under examination are advised by the study to work toward implementing the policy of classifying human resource costs as assets. To guarantee that their employees have the technical know-how and understanding to perform their tasks more efficiently, banks must plan regular training sessions for their HR department. Since the organization's most significant asset is its human resources, the Central Bank of Nigeria ought to ensure that the funds allocated to them are appropriately declared and acknowledged as assets in bank annual reports. By doing this, the genuine financial performance of the institutions will be more accurately depicted.</p> 2024-05-07T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1348 Product Quality towards Brand Loyalty in the Cosmetic Industry 2024-05-07T13:08:37+00:00 Renaliza R. Tutor Stephany Cose Ronald E. Almagro almagro.ronald@dnsc.edu.ph <p>This descriptive-correlational study aimed to examine the relationship between product quality dimensions and brand loyalty. There were 259 respondents in six cosmetic industries in Davao del Norte who were chosen through stratified sampling. This study used two adapted questionnaires. Mean, Pearson r and standard deviation were used as statistical tools. The study involved analyzing data from respondents who provided ratings on various dimensions of product quality and brand loyalty indicators. The results revealed that product quality dimensions such as environmental friendliness, conformance, aesthetic, perceived quality, performance, reliability, serviceability, and durability were rated very highly by the respondents. However, features received a slightly lower rating compared to other dimensions. In terms of brand loyalty, indicators including variety-seeking, involvement, and resistance to situational factors received high ratings, while perceived brand differences received a comparatively lower rating. The analysis also showed a weak positive correlation (R-value=0.232 &amp; P-value= 0.000) between product quality dimensions and brand loyalty, with a rejection of the null hypothesis, indicating a significant relationship. Overall, these findings suggest the importance of considering both product quality and brand loyalty dimensions in marketing strategies to enhance consumer satisfaction and loyalty.</p> 2024-05-07T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1349 Relationship between Emotional Intelligence and Performance of Employees in Tertiary Institutions : The Mediating Role of Work Motivation 2024-05-07T13:15:23+00:00 Oluleye Seun Ogunmola oluleyedadon@gmail.com Roland Ohiozokhai Eguabor Daniel Adigwe Ogbechi Chinaedum Daniel Ogbechi Henry Chiedu Halim Anass Hmadelneel Adow <p>Emotional intelligence is an important concept in organisational psychology that plays a significant role in the performance of employees. Despite this, empirical investigation on the mediating role of work motivation in the relationship between emotional intelligence and job performance is under-researched. Hence, this study examined the relationship between emotional intelligence and job performance with the introduction of work motivation as a mediating variable. The descriptive survey involved a heterogeneous sample of 370 non-academic staff from selected tertiary institutions in Ekiti State, Nigeria. The relationship between EI and performance was tested using multiple linear regression, while the mediation model was analysed through the Hayes bootstrapping method in SPSS version 25. Findings from the study suggested self-emotion appraisal and regulation of emotion as statistically significant predictors of job performance. Work motivation was found to partially mediate the relationship between EI and job performance among the sample.</p> 2024-05-07T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1350 The Impact of Entrepreneurial Orientation on Performance through Competence in Rattan Handicraft SMEs 2024-05-08T13:06:46+00:00 Setiani Setiani.2204139@students.um.ac.id Sudarmiatin Rosmiza Bidin <p>This study aimed to analyze the relationship between entrepreneurial orientation to performance with competence as mediation. This quantitative study was conducted at Rattan Handicraft MSMEs in Gresik Regency, East Java, Indonesia. The sampling technique used census/full sampling with a sample of 82 MSME employees. The data analysis method uses Path analysis through several stages, including linearity assumption, measurement model test (outer model), structural model test (inner model), and hypothesis testing. The results of this study indicate an influence between entrepreneurial orientation and competence, the influence between entrepreneurial orientation on performance, and the influence between competence on performance, and competence can mediate the relationship between entrepreneurial orientation and performance. The practical contribution of this research is that it can Business development strategies as well as manpower development in MSMEs. The implications of this research can bring a deeper understanding of the dynamics involved in achieving performance excellence in the context of business and development strategies that can increase the success of MSMEs in achieving goals.</p> 2024-05-08T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1351 Unlocking Organizational Commitment through Individual Traits and Job Satisfaction: A Millennial and Gen Z Perspective in West Borneo 2024-05-09T09:55:14+00:00 Yulianto yulianto.ibeipontianak@gmail.com Yusron Toto Udin Saryono Silpanus Dian Sapala <p><strong>Background and Purpose:</strong> This study aims to investigate the combined effects of individual characteristics, job redesign, and transformational leadership on various outcome variables, including job satisfaction, job stress and organizational commitment.</p> <p><strong>Methodology:</strong> This research is a descriptive quantitative research with a sample size of 110 millennial and generation Z workers. Data testing was carried out using the PLS-SEM method.</p> <p><strong>Findings:</strong> The research results show that individual character variables have a significant effect on job satisfaction, job stress, and organizational commitment. Transformational leadership style is proven to have a significant effect on job satisfaction, job redesign, and organizational commitment, but does not have a significant effect on individual character. Job redesign was found to have a significant effect on job satisfaction, individual character, and job stress. Job satisfaction has a significant effect on organizational commitment, but does not have a significant effect on job stress. For the mediation effect, individual character is able to mediate the relationship between job redesign and job satisfaction and job stress, while job satisfaction is only able to mediate the relationship between transformational leadership style and organizational commitment.</p> <p><strong>Contributions:</strong> Similar research conducted in developing countries and open in city centers is still very rare, even though the existing phenomena are interesting to study because there will be many differences that can be found both from individuals and even the environment, therefore this research facilitates this so that results can be obtained. this research.</p> 2024-05-09T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1352 Restraining Cyberloafing Behavior in Private Hospital Employees: Analysis of Work Stress Factors and Locus of Control 2024-05-09T10:22:28+00:00 Fatmah Bagis fatmahbagis2014@gmail.com Akhmad Darmawan Mega Aprillia Pratamasari Jovinda Percillia Marifatul U <p>This study aimed to examine the impact of locus of control, work stress, and excessive cyberloafing on employee performance. The population of this study were private employees at hospitals in Banyumas district. This study used quantitative methods and used a sample of 182 employees (respondents) selected by the saturated sampling method. The data collection tool used was a questionnaire with a 5-point Likert scale and the type of data collected was primary data. The data obtained were analyzed using PLS (Partial Least Square). The results showed that locus of control and work stress had a positive and significant effect on the performance of Banyumas District Health Office employees. Meanwhile, cyberloafing has a negative and insignificant effect on the performance of Banyumas District Health Office employees. The result partaining to Cyberloafing revealed that internet access did not necessarily impact employees. This was due to leaders who were able to provide good instructions and supervision on how employees use the Internet while working. The adjusted R2 coefficient of determination test results showed a value of 41.9%, which means that the variables locus of control, work stress, and excessive cyberloafing can affect employee performance by 41.9%, while 58.1% are influenced by other factors.</p> 2024-05-09T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1353 Fiscal Dominance and the Effectiveness of Monetary Authority in Nigeria 1980-2020 2024-05-11T08:11:03+00:00 Monica A. Orisadare Owolabi Williams Adeyemi wadeyemi169@gmail.com <p>The study examined the existence as well as the degree of fiscal dominance in Nigeria. Annual time series secondary data for the period 1980-2020 were employed in the study. Specifically, data on fiscal deficit, public debt, government expenditure, money supply, interest rate, and real Gross Domestic Product (GDP) for the study period were obtained from the Central Bank of Nigeria (CBN, 2020), and the World Development Indicators (WDIs, 2020). The study used descriptive statistics in form of tables, and the Dynamic Ordinary Least Squares (DOLS) for long run analysis.</p> <p>It was established in the study that government expenditure and outstanding debt have significant positive relationship with money supply. Specifically, N1 billion increase in public debt is expected to increase money supply by N1.2 billion (t = 8.25, p &lt; 0.01). Similarly, N1billion increase in government spending will cause money supply to increase by N1.36 billion (t = 4.29, p &lt; 0.01). Conversely, interest rate exhibited negative effect on money supply, such that one percent increase in interest rate will bring money supply down by 150 percent (t = -2.0113, p &lt; 0.05). With a measure of fiscal dominance with the δ of 0.28, the study concluded that there is no case of fiscal dominance in Nigeria. The study recommends that with the active counterbalancing roles of monetary policy Nigeria, the government can aggressively pursue and sustain economic growth through fiscal expansion-backed borrowings and spending.</p> 2024-05-11T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1354 Examining the Influence of the Belt and Road Initiative on Jiangsu’s Outward Foreign Direct Investment: Trends, Drivers and Challenges 2024-05-13T06:34:08+00:00 Yu Wu 1135967626@qq.com <p>The proposal of “One Belt, One Road” has led to friendly political and economic cooperation between China and the countries along the route, and the “One Belt, One Road” strategy has had a great impact on the outward foreign direct investment of China and the countries along the route. In the process of promoting the strategy, China has realized friendly economic exchanges and exchanges of talents and technologies with various countries and regions. This paper analyzes the OFDI data of Jiangsu Province in the past ten years to study the impact of the “Belt and Road” initiative on OFDI in Jiangsu Province. At the same time, through the analysis of the causes of OFDI and the current situation of OFDI in Jiangsu Province, this paper finds that the “Belt and Road” Initiative has promoted OFDI in Jiangsu Province, and puts forward corresponding countermeasures and suggestions for the further development of OFDI in Jiangsu Province. It also proposes corresponding countermeasures for the further development of OFDI in Jiangsu Province. The province will make reasonable use of government policies, talent introduction and financial mechanisms to optimize its industrial layout and enhance its economic strength.</p> 2024-05-13T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1355 The Effect of the Fed Interest Rate Hikes on the Financial Crisis Evidence from Emerging Market Economices 2024-05-13T07:24:43+00:00 Xinru Li 1938774756@qq.com <p>The purpose of this paper is to systematically study the economic consequences of this policy adjustment by analysing in depth the five interest rate hike actions of the Federal Reserve and their chain reactions in emerging market economies, applying economic principles and methods. In particular, the central question of concern is whether the Fed's interest rate hiking policy constitutes an important trigger of the financial crisis in emerging markets. In order to shed light on this complex phenomenon in a comprehensive manner, this paper not only analyses in depth the macroeconomic logic behind the Fed's interest rate hike, but also explores its transmission mechanism in emerging market economies, as well as the economic vulnerability of these countries in the face of external shocks. The results of the study show that the collapse of emerging countries as a result of the Fed's interest rate hikes seems to be inevitable, but we can draw insights from it: actively promoting the reform of the international monetary system and supporting the inclusion of more types of currencies in the international trade and investment settlement system has become a common choice, including for some Western countries, as well as the need to continue to optimise the economic structure of the domestic economy and to strengthen the ability to manage and control the comprehensive risks.</p> 2024-05-13T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1356 Capital Asset Pricing Model: A Renewed Application on S&P 500 Index 2024-05-14T10:21:38+00:00 John Kamwele Mutinda Amos Kipkorir Langat moskiplangat@gmail.com <p>This study employs the Capital Asset Pricing Model (CAPM) to analyze the risk-return relationship of a diversified portfolio of nine companies from technology, finance, and health sectors within the S&amp;P 500 index sourced from Yahoo Finance. Utilizing daily stock returns data from January 01, 2019, to December 31, 2023, we estimate beta coefficients and expected returns for each company, shedding light on their performance and risk characteristics. Our findings reveal that technology and finance sector stocks generally exhibit higher beta values and expected returns compared to healthcare sector stocks. Notably, NVIDIA Corporation emerges as the most volatile stock with the highest expected return of 23.095%, reflecting its position in the innovation-driven technology sector. Conversely, healthcare sector stocks demonstrate lower beta values and expected returns. Through an in-depth analysis, we underscore the importance of balancing risk and return in portfolio construction, considering investors’ risk tolerance and objectives. While acknowledging the limitations of CAPM, our study contributes to a deeper understanding of its applicability in portfolio management and asset pricing, providing valuable insights for investors and financial practitioners.</p> 2024-05-14T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1357 Exchange Rate Volatility and Productivity in Nigeria: An Empirical Analysis 2024-05-14T10:49:40+00:00 Monica A. Orisdare Sodik Olofin sodik.olofin@yahoo.com <p>The volatile movement in Nigeria’s exchange rate constitutes a severe headwind to the economic activity in the country and the eventual performance of productivity and economic growth. Therefore, this study sought to investigate the impact of exchange rate volatility on productivity in Nigeria. Due to the seemingly mixed order of integration in the variables, the Johansen and Bound cointegration tests were used to establish that there are long-run relationships between the variables. Following the cointegration tests, the analysis of the study was based on the Autoregressive Distributed Lag (ARDL) Model. The findings from the study revealed that exchange rate volatility negatively impacts productivity in Nigeria in the short run and in the long run. However, the financial development in Nigeria negatively impacts productivity, reflecting the underdevelopment of the financial system to transmit its function to the real sector. Other variables considered emphasise persistence in the way they impact productivity. The article also emphasised the need for the harmonisation of foreign exchange management guidelines and clarity and transparency in the management of the foreign exchange market.</p> 2024-05-14T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1358 International Trade, Institutional Quality and Poverty Level: A Case Study of Nigeria Economy 2024-05-15T09:32:44+00:00 Orisadare M. A. Ayoade O. S. olabisiayoade7@gmail.com <p>The study examined the differential and the interactive effects of disaggregated components of international trade and institutional quality on poverty level in Nigeria. The study employed ARDL Bound Test on the time series data spanning from 1981-2022. The findings of the study revealed mixed results both for the short run and long run. The short run result shows that (EXR) exchange rate has a positive and significant effect on poverty level with p-value of 0.0184; while the long run result shows no significant effect on poverty level in Nigeria. Also, the short run result of institutional quality (INQ) reveals a negative and significant effect on poverty level in Nigeria with the p-value of 0.0142; while the long run result shows a positive and significant effect on poverty level in Nigeria with the p-value of 0.0640. The short run results of (OM) oil import shows a negative and significant effect on poverty level with p-value of 0.0536; while the long run result shows a positive and significant effects on poverty level at p-value of 0.0808. The results of (NM) non-oil import had no significant effects on the level of poverty both in the short run and long run. The short run result of (NX) non-oil export shows a positive and significant effect on poverty level in Nigeria with p-value of 0.0230, while the long run result (NX) non-oil export shows a negative and significant effect on poverty level in Nigeria with the p-value of 0.0526. The short run and the long run results of (OX) oil export shows a negative and significant effect on poverty level at p-value of 0.000 and 0.0010 respectively. Furthermore, the results for interactive effects shows that EXR_INQ has a positive and significant effect on poverty at p-value of 0.0196 in the short run, while the long run result displays a negative and significant effect on poverty level in Nigeria at the p-value of 0.0609. The short run result of NM_INQ shows an insignificant effect on poverty level in Nigeria, while the long run result of NM_INQ shows a positive and significant effect on poverty level in Nigeria at the p-value of 0.0461. The short run result of NX_INQ shows a positive and significant effect on poverty in Nigeria with p-value of 0.0861; while the long run result of NX_INQ shows a negative and significant effect on poverty level with p-value of 0.0507. The short run and long run results of OM_INQ show no significant effect on poverty level in Nigeria. While, the result of OX_INQ shows a negative and significant effect on poverty level in Nigeria at p-value of 0.0562 and 0.0768 both in the short run and long run respectively.</p> <p>In conclusion, the outcome of the study shows that international trade has a significant effect on poverty level both in short run and long run. However, the country (Nigeria) is yet to benefit fully from the expected benefits associated with international trade. Therefore, the study recommends that in order for the country (Nigeria) to benefits fully from international trade, the country needs to strengthen her weak institutional quality to come in as a strong force where necessary to put things right and set the pace for sustainable development that allay poverty.</p> 2024-05-15T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1359 The Influence of Implementing Digital Marketing and Experiential Marketing on Brand Loyalty Mediated by Brand Trust 2024-05-16T09:28:32+00:00 Israk Fabian Hasan Budi Astuti Anas Hidayat hidayatanas@gmail.com <p>This research aims to examine the effect of implementing digital marketing and experiential marketing on brand loyalty through brand trust in coffee shops in the city of Yogyakarta, Indonesia. In this research, the population used was coffee shop customers in the city of Yogyakarta, Indonesia. The number of samples taken was 266 respondents. This research data was obtained using an online survey questionnaire via Google Form with a measurement scale using a 5-point Likert scale. This research is descriptive research using quantitative methods. The analytical tool used is Structural Equation Modeling (SEM), with data analysis techniques using the AMOS application version 23.0 and Sobel Test. The results of the analysis show that the influence of digital marketing implementation has a significant effect on brand loyalty, brand trust has a significant effect on brand loyalty and experiential marketing has no significant effect on brand trust and brand loyalty and digital marketing have no significant effect on brand trust. The results of this research can help the coffee shop industry, especially in the Indonesian context, in understanding consumer behavior and the factors that contribute to customer trust in a brand.</p> 2024-05-16T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1360 Examining Firm Value Drivers: An Empirical Analysis of Property and Real Estate Companies on the Indonesian Stock Exchange 2024-05-17T10:38:02+00:00 Heru Sulistiyo sulistiyoheru0@gmail.com Riana Sitawati Sutono Sudarman <p><strong>Aims: </strong>This study aims to investigate the impact of company size, leverage, and profitability on firm value using the price-to-book value (PBV) ratio as a proxy, focusing on property and real estate businesses listed on the Indonesia Stock Exchange (IDX).</p> <p><strong>Study Design:&nbsp; </strong>The research adopts a correlational study design.</p> <p><strong>Place and Duration of Study: </strong>Indonesian Stock Exchange (IDX) issuers in 2021-2022.</p> <p><strong>Methodology:</strong> The study was conducted using data from Indonesian Stock Exchange (IDX) issuers during the years 2021-2022.The population comprised property and real estate businesses listed on the IDX, totaling 161 companies (76 in 2021 and 85 in 2022). The sample was determined through a census method, resulting in 123 valid samples after excluding 38 outlier data points identified through a normality test. Data collection was conducted through documentation, and analysis was performed using multiple linear regression in SPSS 24.</p> <p><strong>Results:</strong> The research findings indicate that company size, leverage, and profitability have a significant positive influence on firm value.</p> <p><strong>Conclusion:</strong> The study's results provide empirical support for signaling theory, demonstrating that enhancements in company size, leverage, and profitability positively impact firm value.</p> 2024-05-17T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1362 Market Orientation and Firm Performance on Department Stores 2024-05-19T05:47:54+00:00 Glaydyl C. Quimada glaydylquimada20@gmail.com Hiester P. Ibarra John Mark B. Lazaro <p>This study aimed to examine the relationship between market orientation and firm performance in the context of department stores. A quantitative research design was used. The respondents of this study were the managers and supervisors working in the department stores in the municipality of Davao del Norte through total quota sampling. This study used two adopted survey questionnaires. Mean and Pearson r were used as statistical tools. The market orientation in terms of customer orientation, competitor orientation, interfunctional coordination and profit emphasis is moderately observed. The firm performance in terms of financial performance, customer performance, internal business processes performance and learning and growth performance is moderately observed. The result also revealed that market orientation has significant relationship on firm performance. The department stores owners, policy makers, employees, customers and future researchers are urged to recognize the significance market orientation and its effect on firm performance. Managers and supervisors can help the firm to improve their market performance and develop marketing strategy. This will have a positive impact on the firm’s performance and help to better organize and provide customer and market service within the company.</p> 2024-05-19T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1363 Audit Committee, Firm Size on Tax Avoidance: Profitability as a Mediator 2024-05-19T06:59:14+00:00 Octa Ramadina Putri 200502110056@student.uin-malang.ac.id Sulis Rochayatun <p><strong>Aims: </strong>This study investigates tax avoidance strategies in Indonesia's property and real estate industry, considering firm size, profitability, and audit committee as variables.</p> <p><strong>Study Design:</strong>&nbsp; A quantitative study is used to collect data that can be measured in numbers and analysed statistically.</p> <p><strong>Place and Duration of Study:</strong> Engaging 15 businesses in the property and real estate industry that has maintained a presence on the Indonesia Stock Exchange for a decade.</p> <p><strong>Methodology:</strong> In the study, an empirical analysis was conducted using data contained in the company's financial statements to test tax avoidance in Indonesia. This study used a sample of 150 selected through a purposive sampling approach. The sample was then analysed by testing the direct effects and indirect effects using Path Analysis. In this study, the analysis technique used was SPSS 24 software.</p> <p><strong>Results:</strong> The results show a strong relationship between tax evasion, firm size, profitability, and the audit committee. Furthermore, it has been demonstrated that the audit committee, firm size, and tax avoidance can all be mediated by profitability. It is important to remember that when profitability is strong, there is a greater chance of tax avoidance.</p> <p><strong>Conclusion:</strong> Further research is expected to expand the coverage by using more companies from different sectors, as well as adding additional variables as part of the analysis. This is important because the research focuses only on one sector and uses a limited number of samples. For investors, assessing the profitability of companies and compliance with tax regulations becomes crucial to identifying potential investment risks.</p> 2024-05-19T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1364 Fintech, Financial Development, and Digitalization Derive the Sustainable Economic Recovery: COVID 19 Pandemic and Post Pandemic Perspectives 2024-05-22T08:15:36+00:00 Yun Li Muhammad Naeem Shahid Muhammad Umar Islam umar.islam@apu.edu.my Fatema Deme <p>Economic recovery has become a hot topic after the emergence of the COVID-19 pandemic, where financial, digital, and natural resources are important aspects to consider for economic revival. The study explores the impact of Fintech, Financial development, digitalization, and natural resource rents on economic recovery from 2019 to 2023 from the perspective of BRICS economies. The potential importance of financial technology, development, digitalization and natural resources during COVID-19 motivate the authors to explore their importance for economic sustainability. With appropriate econometric models, the study observes that all the independent variables are the main drivers of economic recovery during and after the COVID-19 era. A bi-directional causal connectivity is observed between explanatory and outcome variables. The findings suggest that the BRICS economies should take preventive measures to avoid the volatility of natural resources and actively promote Fintech, Financial development, and digitalized activities to achieve economic goals.</p> 2024-05-22T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1365 Organizational Justice and Its Effects on Employee Retention in Banana Companies: A Quantitative Analysis 2024-05-22T12:44:01+00:00 Maelyn L. Salova maelyn.salova@gmail.com Jenica R. Samperoy Hazel Mae C. Llorente <p>This study aimed to determine the relationship between organizational justice and employee retention in banana companies. A quantitative approach with descriptive and correlational designs was used. The respondents of the study were 89 employees working in two banana companies in the Municipality of Santo Tomas. The respondents were selected through convenience sampling technique. Mean and Pearson-r were used to analyze the data, which were obtained through the use of two adapted questionnaires. The findings revealed that organizational justice in terms of distributive justice, procedural justice, and interactional justice is always manifested in banana companies. On the other hand, employee retention in terms of a positive work environment, employee freedom and flexibility, employee involvement and growth, employee communication and assistance, and compensation and benefits are always manifested, too. The result indicated that there was a significant relationship between organizational justice and employee retention in banana companies. The findings suggested that banana companies may prioritize a fair distribution of workloads based on employees' skills and experience to ensure fairness. Management may have regular team outings or social events for building relationships and conducting frequent trainings, which shows the organization's commitment to employee growth. Future researchers may conduct studies investigating factors or mediators such as job satisfaction, organizational commitment, and leadership styles, which may help in gaining insight into the deeper processes in this relationship.</p> 2024-05-22T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1366 Assessing Service Quality and Passenger Satisfaction: A Quantitative Study of Sea Transportation on the Padang Mentawai 2024-05-24T07:13:02+00:00 Faisal Saransi faisalsaransi@gmail.com Nelfi Erlinda <p>Sea transportation is a vital component of the transportation network, with the Ship Sabuk Nusantara 68 serving as a key sea transport vessel under the Indonesian National Shipping Limited Liability Company (PT) (PELNI). Operating between Padang City and Mentawai Island, this passenger ship plays a crucial role in connecting these destinations. However, despite its importance, complaints regarding the quality of sea transportation services, particularly on the KMP Sabuk Nusantara 68 route between Padang and Mentawai, have been voiced by passengers.In response to these concerns, this research was conducted to assess the levels of service quality and passenger satisfaction. The study aimed to identify priority factors for enhancing service performance and passenger satisfaction. Employing a quantitative method, researchers utilized questionnaires as research instruments, with data analyzed using the Likert scale and the Important and Performance Analysis (IPA) methodology.The findings revealed that overall service quality was satisfactory, with passenger satisfaction levels reaching 89.12%. However, further improvements are still needed, particularly in areas such as ship cleanliness, which emerged as a critical aspect requiring immediate enhancement. Therefore, while passengers are generally content with the services provided, there is still room for improvement to ensure a consistently high level of service performance and passenger satisfaction.</p> 2024-05-24T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. https://journalajeba.com/index.php/AJEBA/article/view/1338 Comprehensively Strengthen Financial Supervision and Effectively Forestall and Defuse Financial Risks: Book Review on Research on the Formation and Prevention of Systemic Risks in the Banking Industry from the Perspective of Platform Finance 2024-04-22T07:57:25+00:00 Rongrong Song 4ever_cc@163.com <p>The book <em>Research on the Formation and Prevention of Systemic Risks in the Banking Industry from the Perspective of Platform Finance</em> is an in-depth discussion of the formation mechanism, characteristics, transmission paths and prevention of systemic risks in the banking industry from the perspective of platform finance. By combining theory and practice, this book not only provides readers with a comprehensive understanding of systemic risks in the banking industry, but also provides practical strategies and suggestions for banking industry risk management and supervision.</p> 2024-04-22T00:00:00+00:00 Copyright (c) 2024 Author(s). The licensee is the journal publisher. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.