The study is emphasized on two types of research. The first is the effect of the economy on stock market development. And the second one is the effect of the stock market development on the economy. Stock investment tends to be pro-cyclical. And pro-cyclical investment behavior may accelerate the development in an economy. However, if investors behave in a counter-cyclical way to exploit the low price advantage during a recession, they may affect the economy in an opposite way, improving economic...

The focus of this study is on the assessment on the effect of interest rate on Economic Growth of Nigeria. The study adopted an Error-Correction Mechanism to test for the short – and long – run relationships among the saving deposit, real interest rate and inflation, ECM is negative and further test of Granger causality indicates that there is a causal relationship between SD and GDP and a unidirectional relationship exists between SD and GDP. Therefore Savings deposit causes Gross domestic...

This contribution investigates the responsible conduct of businesses in emerging markets, with a focus on the ‘transitional’ economies from the Central-Eastern Europe and Commonwealth of Independent States (CIS). In more detail, the study analyses the relationship between business ethical behavior and the other determinants of competitiveness/productivity. After a theoretical review of literature, a cross-country empirical analysis has been conducted in order to test the hypotheses: data and...

This paper used unrestricted Vector autoregression model to study the exchange rate pass-through to consumer prices in the Gambia. We found that exchange rate pass through is not complete, consistent with other studies on sub-Saharan Africa. Exchange rate depreciation (positive exchange rate shock) results in an increase in domestic prices by 0.2 percentage points in the second quarter. The effect of the shock on CPI peaks at about 0.4 percentage points at the end of the fourth quarter. Furthermore,...

The purposes of this study are (i) to develop store personality measurement scale tailor-made for technical consumer goods store chains in Vietnam, An Asian transitional economy, (ii) to explore the impact of store personality antecedents (store attributes) on store personality dimensions, and (iii) to examine the degree of influence of each store personality dimensions on store loyalty. The scale development was conducted in two stages: Item generation and item purification. The new scale was applied...

The objectives of this study are to identify and compare customers’ preference toward hotel facility and service attributes depending on their travel purpose. Therefore, vacation and business travelers staying in participating hotels were asked to rate important attributes of hotel facility and service. Based on ANOVA results, significant differences were found between hotel guests (survey respondents) in Canada, New Zealand, and the United Arab Emirates in the importance of some hotel attributes. ...

Technical analysis has been well-known by traders as one of the important tools of buying and selling when investors are investing in the capital market. This analysis has been established a long time ago since late 1869 which investors know as Random Walk and in early 1900 as Dow theory. Speculation has been a major goal of technical analysis invented, and most approaches try to capture the right moment to buy, hold or sell the stocks. At the same time, candlestick charts have also been developed...

Education is one of the prime movers of growth and no matter what level of mechanization and automation a country achieves, it needs to have competent work force for its growth. Importance of education has been emphasised both in theoretical as well as empirical studies. Bangladesh has recently graduated as a country from low income group to middle income group (following the definition of the World Bank). In this process, role of education is more important than ever for Bangladesh. Surviving as...

Using a sample of Italian manufacturing firms for the years 2002 2011, we investigate how government grants influence the creation of value added per assets of beneficiary firms. A set of multivariate tests shows that after grant reception, beneficiary firms underperform their non-beneficiary counterparts in terms of value added per assets and operating profitability while the overall profitability appears unaffected. Undertaking efficient investments thanks to grant reception appears a difficult...

A small business’s working capital is faced with many constraints passing through a financial recession since 2008. The paper investigates how the working capital investment policies of small firms in the United States impact their profitability and their impact over the recession. The multivariate panel regression models are estimated by using 100 best small company data over 2002 through 2011. The small firms need a conservative strategy for higher profitability and Tobin’s Q. Comparatively,...