Open Access Original Research Article

E-HRM Practices for Organizational Sustainability: Evidence from Selected Textile Firms in Bangladesh

Md. Sadiqur Rahman, Md. Sajjad Hosain

Asian Journal of Economics, Business and Accounting, Page 1-16
DOI: 10.9734/ajeba/2021/v21i130335

The study aims to ascertain the relationships between five E-HRM practices (independent variables): e-recruitment & selection, electronic & virtual training, e-performance management, e-compensation & benefit, HRIS & e-communication and the single dependent variable: organizational sustainability (OS) measured through profit and market growth. The authors utilized both primary data and secondary information for this empirical study. Primary data were collected through a detailed structured survey questionnaire from a valid sample size of 387 respondents while secondary information were collected from the company annual reports of 2015 to 2019 (last 5 years). Pearson’s correlation coefficient and regression analysis were utilized (using SPSS 24) to test the hypothesized relationships. After analyzing the data, it was revealed that all the E-HRM practices had significant positive associations (with p-values more than 0.5) with the dependent variable, OS. The authors expect this study to be proven useful for the academicians in further investigating the associations between the elements of E-HRM and sustainability. It is also anticipated that the outcomes will aid the decision-makers in reducing operational costs and increase profit by adopting environment-friendly policies to gain sustainable development. Furthermore, it might be also helpful for the HR practitioners having the intention of exploring new windows of this recent issue from a developing country perspective.

Open Access Original Research Article

Impact of Publicly Funded Health Insurance Scheme on Risk Coping Strategies against Health Expenses in Kerala

Anushree S. Panikkassery

Asian Journal of Economics, Business and Accounting, Page 17-28
DOI: 10.9734/ajeba/2021/v21i130336

The aim of the paper is to determine whether publicly funded insurance schemes have significantly enabled poor households to come out from expensive coping strategies such as borrowing and sale of assets in the State of Kerala, India. This cross-sectional study used data collected from a primary survey in the Palakkad district of Kerala. Duration of the study is from January 2018 to January 2019. A total sample of 408 poor households including both insured and uninsured were collected in a primary survey using a structured schedule. Probit and log-linear regressions were employed to determine the impact of insurance coverage for the poor on risk coping strategies such as borrowing and sale of assets. Probit regression results showed that uninsured households have around 32% higher probability of borrowing (P value-0.003) compared to insured households whereas sale of assets as a coping strategy did not yield any significant results. Results showed a negative significant relationship between insurance coverage and risk coping strategy of borrowing. The amount and probability of borrowing were found significantly lower among insured households for inpatient care. But the sale of assets did not have any significant impact from the insurance coverage.

Open Access Original Research Article

Performance Audit in the Public Sector: A Bibliometric Analysis in the International Journal

Andrew Marthin, . Nurdiono, Fajar Gustiawaty Dewi, Rindu Rika Gamayuni

Asian Journal of Economics, Business and Accounting, Page 29-38
DOI: 10.9734/ajeba/2021/v21i130337

Aims: This research was conducted to determine the development of research articles on performance audit in the public sector published in international journals over the last10 years, to find out the map of collaboration between researchers, to figure out the topics of great interest in research, and to present which topics that have the opportunity to investigate in further research.

Study Design: This research is a literature study using the bibliometrics analysis method.

Place and Duration of Study: The Google Scholar database, period 2010 to 2020.

Methodology: In the initial search, there were 503 journals found, the next selection was to look for journal articles that specifically discuss audit performance in the public sector, found as many as 33 journals.

Results: After further observation of the 33 article titles, it was found that eleven articles were published in international journals with Q1-Q3 criteria in Scimago and as many as 22 articles were published in international journals. The topic of audit performance, efficiency, and effectiveness became the most popular topic in articles during the period 2010 to 2020.

Conclusion: Based on the studies that have been carried out, it can be concluded that the growth of scientific articles for performance audit researchers in the public sector during the last ten years was on average 3% or as many as 3 to 4 articles per year. Judging from its occurrences, there are still very few topics of interest. The words effectiveness, efficiency, and economy are still very little used in research articles, so this word becomes an opportunity for further research development.

Open Access Original Research Article

Spending Model under Financial Literacy

Muzafar Hussain Shah, Norzalina Binti Ahmad, Logasvathi Murugiah

Asian Journal of Economics, Business and Accounting, Page 39-54
DOI: 10.9734/ajeba/2021/v21i130338

Aims: The study attempted to assess how family background, and peer role affect the spending decisions of working youth in Pakistan. Current study also tested effect of financial literacy as mediator between relationship of peer role and family back ground with spending decisions of working youth.

Study Design: Cross sectional survey research (Quantitative)

Place and Duration of Study: Different organization in Pakistan, between May- September-2019

Methodology: Working youth among different organizations with total of 309 responses were usable out of total sample 574from Pakistan through stratified random sampling Structural equation modeling was applied through Smart PLS3.

Results: The study found that the insignificant effect of peer role on spending, and significant effect on financial literacy. On other side family background shown insignificant effect on spending decisions but significant effect on financial literacy. Furthermore this study also found significant effect of financial literacy on spending decisions. Additionally this research also shown significant mediating effect of family background and peer role on spending decisions through financial literacy.

Conclusion: Findings of this study shaded the light that how family background, peer role have influenced spending decisions under umbrella of relative income hypothesis and life cycle hypothesis, directly and indirectly through mediation by financial literacy. Further policy makers could design policies and arranging training workshops for financial literacy awareness among working youth.

Open Access Original Research Article

Technological Changes and Organizational Growth in Deposit Money Banks in Rivers State, Nigeria

A. E. Bestman, Gwarah, Patience Nuka

Asian Journal of Economics, Business and Accounting, Page 55-63
DOI: 10.9734/ajeba/2021/v21i130339

This study examined the relationship between technological changes and organizational growth in deposit money banks in Rivers State. The study adopted the cross-sectional survey design to elicit response from staff of the identified deposit money banks in Rivers State. Primary data was collected using self-administered questionnaire. The population of the study comprised all the 16 deposit money banks in Port Harcourt. Using a multi-stage sampling technique, 96 staff were selected as the sample of the study. Since the banks had few permanent staff, convenient and census frame were adopted to determine the number of staff per bank. Thus, using the simple stratified random sampling technique the staff were categorized into three cadres-Top management, IT Personnel and Cashiers/Tellers from which staff were randomly selected from each cadre amounting 6 staff from each bank. The reliability was attained using test-re-test and Cronbach’s Alpha coefficient analysis with all items having a reliability index above 0.70. The Spearman Rank Order Correlation Coefficient (rho) was used in testing the hypotheses. The study revealed that there is a positive significant relationship between technological changes and organizational growth. This implies that the various developments in ICT have positive and significant influence on organizational growth. It, therefore, concluded that organizational growth in deposit money banks can be improved by the application of the various innovations and devices generated in the various stages of technological changes. The study, therefore, more attention be directed towards the use of ICTs in banking operations in deposit money banks in Port Harcourt, Rivers State, since the banking industry serve as a lubricant to the cog of the wheel of the nation’s economy.

Open Access Original Research Article

Good Working Environment and Work Performance Across Higher Institutions in Buea

Ntoung Agbor T. Lious, Helena Maria S. Oliveira, Liliana M. Pimentel

Asian Journal of Economics, Business and Accounting, Page 64-89
DOI: 10.9734/ajeba/2021/v21i130340

The objective of this study was to examine how good working environment on work performance of teachers across private higher institutions in Buea. The sample size included a total of one hundred and seven (107) teachers drawn from one hundred and eighty seven (187) teaching staff of the selected institutions. Nine (9) schools were first selected purposely base on their staff strength. Then four schools were further selected using the simple probability random sampling technique. Respondents were then selected proportionately to the size of the various teaching staff. Data was analysed using both descriptive and inferential statistics. The researcher used a multiple regression model that predicted effects of work environment on employee commitment in the Buea municipality. Findings from the study showed that employer/employee relations, working condition and reward and compensation were positive and significantly affect the commitment of teachers in private higher institutions of learning in Buea. It was therefore concluded that work environment positively affects employee commitment in private higher institutions in Buea.

Open Access Original Research Article

The Service Sector-Led Growth Relationship: The Case of Nigeria

Ubong Edem Effiong, Joel Isaac Okon

Asian Journal of Economics, Business and Accounting, Page 90-111
DOI: 10.9734/ajeba/2021/v21i130341

This paper examined the impact of the service sector on economic growth of Nigeria. The study covers the period 1981 to 2019 and data were obtained from the Central Bank of Nigeria statistical bulletin. The Augmented Dickey-Fuller unit root, Granger Causality test, Vector Autoregressive (VAR) approach, Bounds test for cointegration, and vector error correction mechanism were utilized in analysing the data. Findings of the study revealed that a bidirectional causality exist between service sector and economic growth of Nigeria. Meanwhile, the VAR result presented an evidence of weak exogeneity of the service sector in predicting economic growth. However, both broad money supply and total government expenditure exerted a significant impact on economic growth. From the impulse response function, it was discovered that economic growth responded negatively to shocks in service sector output both in the short run and in the long run; while the variance decomposition indicated that gross domestic product (a proxy for economic growth) is strongly endogenous in predicting itself in the short run while such diminishes in the long run. The Bounds test for cointegration revealed evidence of long run equilibrium relationship and the error correction mechanism revealed that 88.30% of the short run disequilibrium in the gross domestic product are corrected annually. Meanwhile, it was discovered that professional, scientific and technical services is the major contributor to economic growth as captured by its short run and long run elasticity coefficients of 0.5936 and 0.9455 respectively. The paper recommended the need for stimulating industrialization as this is the major pathway through which the service sector can positively impact economic growth.

Open Access Original Research Article

Analysis of Contingent Pay and Altruism to the Reward of Management Practices

Ugochukwu Paul Orajaka

Asian Journal of Economics, Business and Accounting, Page 112-120
DOI: 10.9734/ajeba/2021/v21i130342

The study expressed the effect of contingent pay and altruism to the reward of Management practices and its performance in some selected government organizations in south East Nigeria. The application of descriptive statistics, correlation tools and mean likert was employed to evaluate the significant relationship and coefficient of determination of the variables. However, the tools show that there is a strong positive relationship association between the contingent pay and altruism in government organizations. The analysis also shows that there is a strong positive significant relationship in the system. These results conclude that contingent pay and altruism has a strong positive effect to government organizational performance in the study areas selected.

Open Access Original Research Article

MGNREGA and Agriculture in Kashmir Valley: A Case Study of District Budgam

Mohsin Majeed, G. M. Bhat

Asian Journal of Economics, Business and Accounting, Page 121-129
DOI: 10.9734/ajeba/2021/v21i130344

The paper attempts to evaluate the impact of MGNREGA on agriculture in general. The study also attempts to find whether there is any association between the level of improvement in agriculture brought in by MGNREGA and the type of land (irrigated or Un-irrigated) in district Budgam of Kashmir valley. The study is based on primary survey. The sample constitutes both beneficiaries and non-beneficiaries of the scheme. The results of the study reveal that majority of the respondents own farm lands having marginal landholdings. It was found that MGNREGA has overall improved the agriculture in the region. The results of the study also reveal that MGNREGA has been more effective in improving agriculture in those areas where irrigation facility is already available compared to those which are still depended on rainwater. It is recommended that more and more land should be brought under irrigation to make MGNREGA more fruitful for the rural community.

Open Access Original Research Article

Combining Housing Price Forecasts Generated Separately by Hedonic and Artificial Neural Network Models

Salvatore Joseph Terregrossa, Mohammed Hussein Ibadi

Asian Journal of Economics, Business and Accounting, Page 130-148
DOI: 10.9734/ajeba/2021/v21i130345

Aims: A) To enhance accuracy in forecasting housing unit prices by forming combinations of component forecasts generated separately by hedonic and artificial neural network models; B) To help ascertain whether a constrained or unconstrained linear combining model achieves superior forecasting performance.

Place and Duration of the Study: Department of Business Administration, Istanbul Aydin University, Istanbul 34295, Turkey; from 2019 to 2020.

Study Design: A cross sectional data set of housing unit prices and corresponding housing unit attributes and characteristics is formed and then randomly divided into two segments: in sample (80%) and out of sample (20%). Three different methods (hedonic, artificial neural network and combining) are then employed to process the same in sample data set, and generate out of sample forecasts. The three forecasting methods are then tested and compared.

Methodology: Out of sample combination forecasts are formed with component forecast weights generated by in sample weighted least squares (WLS) regression of realized price against in sample component forecasts. Four types of regressions are run: unconstrained, with and without a constant; constrained, with and without a constant. Then the mean absolute forecast error of each forecasting method is calculated and the mean difference in absolute forecast error between all pairs of models are compared and tested with a nonparametric Wilcoxon sign rank test.

Results: The combining model formed with component forecast weights generated by weighted least squares (WLS) regression with the constant term suppressed and the sum-of-the-coefficients constrained to equal one, generally performs the best, in comparison with all other forecasting models (component and combination) examined in the study.

Conclusion: The findings represent further evidence regarding the benefits of applying constraints on the linear combining forecast model; and demonstrate that a constrained linear combining model can be a successful technique for enhancing the forecast accuracy of housing unit prices.