September 2017 (International Review of Business Research Papers)

September 2017 (International Review of Business Research Papers)

Total Articles - 7

Pages 1 – 13

Author: Pieter van Schalkwyk and Ayesha L. Bevan-Dye

This paper examines how materialism and status consumption influence the credit shopping behaviour of South African Generation Y university students. A convenience sample of 514 undergraduate students was drawn from three campuses of registered South African public higher education institutions. The results show that while a statistically significant positive relationship exists between materialism, status consumption and credit shopping behaviour, the participants did not report irresponsible credit shopping behaviour.

Pages 14 – 35

Author: Patrick Karawani

The objective of this paper is to determine whether economic policy can increase GDP volatility. The authors try to assess, more particularly, if the actions of the monetary authority following a negative tax shock could amplify the business cycle. The starting point is a balanced GDP growth path in a neoclassical growth model to which is added an income tax. This tax rate will reduce output and thus, in the presence of wage rigidities, will lead to an increase in unemployment. The authors show that if the Central Bank implements an expansionary monetary policy to try and curb unemployment by boosting output, this policy mix could originate (or at least amplify) the business cycle. The relationship between GDP volatility and economic policy is then tested in the United States over the 1980-2010 period. The authors show that, in accordance with the theoretical model, economic policy contributed to increase GDP volatility in the US between 1980 and 2010.

Pages 36 – 52

Author: Maciej Ciołek

This article presents an alternative sociodynamic non-linear model of a stock market price changes that describes market phases in a more precise manner than Coherent Market Model. Most importantly it allows, with high accuracy, identification of transition points between phases. The model is based on a theory of social psychology, including in particular the phenomenon of group polarization that provides an explanation of slumps in the stock market. In opposition to the Coherent Market Hypothesis it includes the market phase, which remained unnoticed by T. Vaga. Such periods are characterized by even higher annual expected return rates and better risk-reward ratio.

Pages 53 – 68

Author: Naveen Abedin and A. F. M. Ataur Rahman

Education is one of the prime factors of growth. Developing countries actively seek policy measures to bring their children to schools and reduce dropout. In that effort, Conditional Cash Transfers (CCT) as well as motivational campaigns are common strategies applied to attract enrollment and retention. However CCT has been found to have limited effects. Also low retention rate is a problem for CCT programs. This current study tries to find a theoretical explanation of this problem. This study has demonstrated that conditional stipends will be effective only if it is sufficient to keep the household at its original level of utility. This gives a rational economic explanation of dropout of students forgoing CCT program. However as the marginal cost of stipend increases with rising educational requirements, governments should focus more on using advertisement to persuade households to invest in education for their children.

Pages 69 – 77

Author: Won-jun, Lee

Thanks to the spread of smartphones and the rapid technological advances of IoT (internet of things), devices capable of NFC payment services are rapidly increasing. However, the majority of users still prefer traditional credit cards and debit cards rather than contactless NFC payment services. This is a major crisis for service providers. However, academic research on NFC payment service has not been sufficiently conducted yet. In this study, an empirical test was conducted to understand consumer attitude and influencing factors of NFC payment service. The framework of this study was partially borrowed from the SCT (social cognitive theory) model. Particularly, technology self-efficacy of consumers who come into contact with new technology was used as a mediating variable of intention to use and perceived ease of use, transaction security, and service smartness as antecedents affecting self-efficacy. According to the implications of the study, NFC payment service providers should strive to provide more customer-oriented services. In other words, companies should provide smart and convenient services rather than emphasizing the technical merits of NFC payments.

Pages 78 – 99

Author: Surajit Sarbabidya

The mobile telecom industry has witnessed tremendous growth with the improvement of its performance in various criterions after the gradual shift from regulated to deregulated policy framework in the country. However, the earlier research findings seem to be inadequate to exhibit the challenges and opportunities and their impact on the respective arena. So, this indicates to the research problem since there is a research gap. This is the reason which motivated to endeavor a primary survey during the month of October 15, 2016 to November 14, 2016 to examine the impact of performance marketing practice of the operators on their business growth. From the findings of this survey result, six major implications have been found namely i) technological, ii) legal, iii) ethical, iv) political & economic, v) social and vi) prevention of environmental pollution approaches for the concerned marketers to ensure stable business growth of this industry.

Pages 100 – 117

Author: Sakib B. Amin and Muntasir Murshed

Bangladesh had historically relished the fortune of being a labor surplus nation and therefore had accumulated remittances in large volumes over the last four decades. Thus, the concept of remittance-effectiveness in shaping the economy of Bangladesh emerges with utmost significance and importance amidst researchers and policy makers all around the globe. The aim of this paper is to identify the dynamics of real exchange rate movements following inflow of remittances in Bangladesh over the period of 1980 to 2013 and whether such movements caused Dutch disease problem in the country. This paper fills the gap in the empirical literature using the ARDL bounds testing approach to investigate the causal relationship between foreign remittance and real exchange rate exclusively in the context of Bangladesh. Augmented Dickey Fuller (ADF) test, ARDL cointegration test, ARDL Error Correction Model (ECM) approach and ARDL Engle-Granger causality test are used in the paper. The results confirm that there is a negative correlation between remittance and real exchange rate which implies that a rise in the volume of remittance inflows exert appreciative pressures on Bangladesh’s real exchange rate. However, such real exchange rate movements were not translated into Dutch disease problems.

Total Articles- 7

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