scholarly journals Inflation‐growth nexus in developing economies: New empirical evidence from a disaggregated approach

2019 ◽  
Author(s):  
Muhammad Ayyoub ◽  
Julia Wörz
Keyword(s):  
Empirical Evidence ◽  
Developing Economies

The Role of University-Based Incubators in Developing Economies: Empirical Evidence from Pakistan

2016 ◽  
Vol 9 (11) ◽  
pp. 143-152 ◽  
Author(s):  
Nasir Mahmood ◽  
Cai Jianfeng ◽  
Hina Munir ◽  
Farhan Jami ◽  
Anum Nusrat
Keyword(s):  
Empirical Evidence ◽  
Developing Economies

Does corporate sustainability impact firm profitability? Evidence from India

2018 ◽  
Vol 56 (8) ◽  
pp. 1734-1747 ◽  
Author(s):  
Shernaz Bodhanwala ◽  
Ruzbeh Bodhanwala
Keyword(s):  
Empirical Evidence ◽  
Developing Economies ◽  
Corporate Sustainability ◽  
Empirical Support ◽  
Policy Formulation ◽  
Content Type ◽  
Thomson Reuters ◽  
Firm Profitability ◽  
The Impact

Purpose The purpose of this paper is to study whether corporate sustainability impacts profitability performance. Design/methodology/approach The sample under study consists of 58 Indian firms that are consistently a part of Thomson Reuters Asset 4 ESG database. An empirical multivariate panel data model is developed to analyse the impact of sustainability (environmental, social and governance) on firm profitability. Further, the study seeks to understand whether firms ranked high on sustainability parameters perform better compared to low-ranked firms. This has been tested by applying parametric t-test. Findings The study reveals a significant positive relationship between sustainability and firm performance measures (return on invested capital, return on equity, return on assets and earnings per share). Empirical evidence suggests that firms that practice remarkable sustainable development strategies report higher profitability and have substantially low gearing level. Research limitations/implications This study provides empirical support for the practitioners, policy makers and academicians emphasising strongly on the role played by deployment of sustainable environmental, social and governance efforts in enabling firms to achieve the profit maximisation objective. In the long term, strategies that take sustainability criteria into account have the capacity to create long-term value and provide firms with competitive advantage. The findings provide impetus to many mid- and large-capitalised Indian firms to initiate the adoption of sustainable measures in business policy formulation. The market valuation perception on sustainability practices followed by Indian firms leaves scope for future research. Originality/value Empirical evidence on the link between sustained sustainability efforts by corporates and their profitability from a developing nation context is limited. This paper provides much-needed evidence in the area of sustainability performance from India – one of the largest, rapidly developing economies in the world.

scholarly journals Institutional Quality and Financial Sector Development: Empirical Evidence from Nigeria

2018 ◽  
Vol 7 (1) ◽  
pp. 1 ◽  
Author(s):  
Fisayo Fagbemi ◽  
John Oluwasegun Ajibike
Keyword(s):  
Empirical Evidence ◽  
Financial Development ◽  
Good Governance ◽  
Developing Economies ◽  
Institutional Quality ◽  
Financial Sector ◽  
African Countries ◽  
Financial Sector Development ◽  
Long Run ◽  
Short Run

In view of the indispensable role of financial sector in both emerging and developing economies, there has been a notable spotlight on the financial sector development over the years in most African countries. Nonetheless, there are only a few studies on this topical issue, particularly for Nigeria. Hence, this study examines the long – run and short – run dynamic relationship between institutional quality and financial development in Nigeria over the period of 1984 – 2015 using Auto-Regressive Distributed Lag (ARDL) bounds test approach to cointegration. Using two different indicators (Private credit and M2) of financial development, the results consistently show that institutional factors do not have significant effect on financial development in the long – run as well as in the short – run. Furthermore, the empirical evidence indicates that regulatory quality and governance system (institutions) do not necessarily contribute to financial development in a feeble institutional environment, specifically in Nigeria. Thus, our findings suggest that whilst weak institutions could increase the risk of limiting the functioning of financial system, good governance and strong institutions are the essential ingredient of financial development in Nigeria. As a consequence, policies aimed at strengthening the quality of institutions and governance should form the major policy thrust of government (policy makers). These could help improving financial sector development in Nigeria.

Adoption and Use of Mobile Money Services in Nigeria

2018 ◽  
pp. 2724-2738 ◽  
Author(s):  
Olayinka David-West ◽  
Immanuel Ovemeso Umukoro ◽  
Omotayo Muritala
Keyword(s):  
Central Bank ◽  
Technology Acceptance ◽  
Empirical Evidence ◽  
Developing Economies ◽  
Adult Population ◽  
Financial Inclusion ◽  
Policy Makers ◽  
Mobile Money ◽  
Financial Exclusion ◽  
Target Set

Nigeria, like many developing economies has been fighting financial exclusion through different mechanisms and with financial inclusion target set at 80% by 2020 by its National Financial Inclusion Strategy, mobile money has been identified as a platform for achieving this goal. Consequently, twenty-one mobile money operators were licensed by the apex bank (Central Bank of Nigeria) to provide mobile money services to millions of Nigerians as a means of bridging the gap between the financially served, the under-served as well as the un-served. Using empirical evidence from two nationwide mobile money adoption and financial inclusion surveys, and a synthesis of technology acceptance and use models, this chapter explores the causes of mobile money adoption and extent of use across the adult population. It further provides recommendations to policy makers, mobile money operators and agents as well as institutions that support the enhancement of financial inclusion towards optimizing the benefits of mobile money and realization of the 80% financial inclusion target.

Adoption and Use of Mobile Money Services in Nigeria

2019 ◽  
pp. 175-192
Author(s):  
Olayinka David-West ◽  
Immanuel Ovemeso Umukoro ◽  
Omotayo Muritala
Keyword(s):  
Central Bank ◽  
Technology Acceptance ◽  
Empirical Evidence ◽  
Developing Economies ◽  
Adult Population ◽  
Financial Inclusion ◽  
Mobile Money ◽  
Financial Exclusion ◽  
Target Set

Nigeria, like many developing economies, has been fighting financial exclusion through different mechanisms and with a financial inclusion target set at 80% by 2020 by its National Financial Inclusion Strategy, and mobile money has been identified as a platform for achieving this goal. Consequently, 21 mobile money operators were licensed by the apex bank (Central Bank of Nigeria) to provide mobile money services to millions of Nigerians as a means of bridging the gap between the financially served, the under-served, as well as the un-served. Using empirical evidence from two nationwide mobile money adoption and financial inclusion surveys, and a synthesis of technology acceptance and use models, this chapter explores the causes of mobile money adoption and extent of use across the adult population. It further provides recommendations to policymakers, mobile money operators, and agents, as well as institutions that support the enhancement of financial inclusion towards optimizing the benefits of mobile money and realization of the 80% financial inclusion target.

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