Journal Articles
Permanent URI for this collectionhttps://mro.massey.ac.nz/handle/10179/7915
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Item Performance of Socially Responsible Investment Funds in China: A Comparison with Traditional Funds(MDPI (Basel, Switzerland), 2022-02-01) Saci F; Jasimuddin SM; Hasan M; Pérez AThis paper empirically examines and compares social responsibility investment funds to traditional funds, and explores the performance of the existing social responsibility investment funds in China. Based on 64 social responsibility investment funds (SRI Funds) and 64 traditional funds, this paper extracts the data of the sample fund from the fourth quarter of 2016 to the fourth quarter of 2019 as sample data to conduct a comparative analysis of the difference between the SRI fund and the traditional fund in terms of return and risk, and to then empirically study the performance of the funds. The results show that the difference between the return of China’s socially responsible investment funds and the traditional funds is insignificant, and the risk of socially responsible investment funds is significantly lower than that of traditional funds. The regression analysis is also carried out on a model of social responsibility as a factor affecting the performance of the funds. Subsequently, the results show that social responsibility has a significant positive impact on the fund’s return in the Chinese market.Item Big Data-Driven Banking Operations: Opportunities, Challenges, and Data Security Perspectives(MDPI (Basel, Switzerland), 2023-09-01) Hasan M; Hoque A; Le T; Roubaud DAt present, with the rise of information technology revolution, such as mobile internet, cloud computing, big data, machine learning, artificial intelligence, and the Internet of Things, the banking industry is ushering in new opportunities and encountering severe challenges. This inspired us to develop the following research concepts to study how data innovation impacts banking. We used qualitative research methods (systematic and bibliometric reviews) to examine research articles obtained from the Web of Science and SCOPUS databases to achieve our research goals. The findings show that data innovation creates opportunities for a well-developed banking supply chain, effective risk management and financial fraud detection, banking customer analytics, and bank decision-making. Also, data-driven banking faces some challenges, such as the availability of more data increasing the complexity of service management and creating fierce competition, the lack of professional data analysts, and data costs. This study also finds that banking security is one of the most important issues; thus, banks need to respond to external and internal cyberattacks and manage vulnerabilities.Item Food Security and Transition towards Sustainability(MDPI (Basel, Switzerland), 2021-11-11) Rabbi MF; Hasan M; Kovács S; Djekic I; Jambrak ARIn the light of linkages in various scales and targets, the complex and nuanced design of the sustainable development goals (SDG) raises more challenges in their implementation on the ground. This paper reviewed 25 food security indicators, proposed improvements to facilitate operationalization, and illustrated practical implementation. The research focused on three essential blind spots that arise from the potential interactions between sustainable food production, consumption, and domestic material consumption (DMC). Projection of latent structure regression was applied to link food security and sustainable development goals. Findings revealed that the key target in reducing trade-offs was the integration of DMC with sustainable food production and consumption. DMC was positively correlated with the creation of coherent SDG strategies and sustainable food security. Practical implications were discussed by highlighting how to achieve food security across contrasting development contexts and the challenges of addressing the links between targets and indicators within and beyond SDGs 2 and 12. The results are useful for setting a proper strategy for sustainable production and consumption that can improve the efficient use of resources in the eight Central European countries.Item How does financial literacy impact on inclusive finance?(Springer Nature on behalf of the Southwestern University of Finance and Economics, 2021-12-01) Hasan M; Le T; Hoque AInclusive finance is a core concept of finance that makes various financial products and services accessible and affordable to all individuals and businesses, especially those excluded from the formal financial system. One of the leading forces affecting people's ability to access financial services in rural areas is financial literacy. This study investigated the impacts of financial knowledge on financial access through banking, microfinance, and fintech access using the Bangladesh rural population data. We employed three econometrics models: logistic regression, probit regression, and complementary log–log regression to examine whether financial literacy significantly affects removing the barriers that prevent people from participating and using financial services to improve their lives. The empirical findings showed that knowledge regarding various financial services factors had significant impacts on getting financial access. Some variables such as profession, income level, knowledge regarding depositing and withdrawing money, and knowledge regarding interest rate highly affected the overall access to finance. The study's results provide valuable recommendations for the policymaker to improve financial inclusion in the developing country context. A comprehensive and long-term education program should be delivered broadly to the rural population to make a big stride in financial inclusion, a key driver of poverty reduction and prosperity boosting.Item Factors Influencing the Quality of Life of Empty Nesters: Empirical Evidence from Southwest China(MDPI (Basel, Switzerland), 2021-03-02) Wang C; Zhang B; Oláh J; Hasan M; Appolloni AQuality of life is a widely accepted concept based on the notion that people’s lives have been subject to rapid development and industrialization. This study aims to explore the impact of different factors on the quality of life of empty nesters in Southwest China. The main factors explored are resilience and social supports (SS), highlighted here from different perspectives. Moreover, the correlations between other variables and quality of life are shown here. This study experimented with a hierarchical multiple regression model from survey data with 3583 valid responses. It argued that both resilience and social supports, including family members and friends, are significantly correlated with the Chinese empty nesters’ quality of life. Family support and friend support play a significant mediating role in the association between resilience and quality of life. However, neither government nor nongovernmental support significantly influences the quality of life. Therefore, the hypothetical recommendations of this study have been partially confirmed. The findings of this study provide a more comprehensive understanding of the overall mental and physical health of Chinese empty nesters.Item Energy economic expansion with production and consumption in BRICS countries(Elsevier Ltd, 2022-11-18) Hasan MGlobal energy demand for energy consumption is increasing day by day, and it seems complicated for most countries to meet energy demand with total energy production. In this regard, this study investigates the comparative impact of energy production and consumption on economic growth in the BRICS countries. This study conducts panel data modelling, more specifically, the fixed-effects model, random-effects, and panel FMOLS model, to find the impact of energy production and consumption on economic growth in the BRICS countries. This study finds that energy production and consumption significantly impact the economic development of the BRICS countries. More specifically, dry natural gas production and consumption, electricity generation and consumption, biofuel production, petroleum production, capital formation, and trade openness positively impact on economic growth, while coal production significantly and negatively impacts on economic growth. This research is of great significance to the economic integration of the BRICS economies.Item Does auditor’s attributes impact on professional judgement in a financial audit? Empirical evidence from Myanmar SAI(Vilnius Gediminas Technical University, Lithuania, 2022-06-14) Soe AK; Gavurova B; Oláh J; Hasan MThis study investigates auditor attributes that may influence an auditor’s judgment in a financial audit. The purpose of this study is specified to show the impact of auditor’s attributes on professional judgment on the financial auditing process. An empirical research methodology is carried out to show the impact of the attributes on professional judgments. With this approach, hypotheses have been formulated and tested using empirical data and existing theories. A quantitative survey method was followed to collect the data for this study. A questionnaire was sent to selected auditors in Myanmar SAI to collect the data relating to the factors that influence auditors’ judgment, such as gender, age, education, knowledge, position level, experience, training, location, and job cognition. The findings of this study show that variables such as age, professional degree, education level, and knowledge are highly significant in auditor judgment. The limitation of this research is the sample size, and sample characteristics are different in Myanmar SAI from other SAIs. Almost 85% of respondents are female in Myanmar SAI. Therefore, it is considered a limitation of this study.Item Inter-Organizational Trust on Financial Performance: Proposing Innovation as a Mediating Variable to Sustain in a Disruptive Era(MDPI (Basel, Switzerland), 2021-09-02) Oláh J; Hidayat YA; Dacko-Pikiewicz Z; Hasan M; Popp J; Kafetzopoulos D; D’Ascenzo FHungarian Information and Communication Technology (ICT) companies have an essential role to play in a disruptive era. ICT firms should collaborate and innovate to obtain profit. The elusive correlation between trust in business partners and financial performance inspired this study, which proposed innovation as a mediating variable. The research had two objectives: to investigate the effect of inter-organizational trust on financial performance and innovation and to observe the role of innovation in improving financial performance within different categories of ICT companies. The population included active Hungarian ICT firms. The analysis used 100 samples, comprising micro-, small-, and medium-sized ICT corporations. Those samples were selected by random cluster sampling. This research used Partial Least Square Structural Equation Modelling. This study supported the idea that inter-organizational trust improved innovation, and that innovation enhanced financial performance. As an expected finding, innovation could mediate a positive direction between inter-organizational trust and financial performance.Item Does market efficiency matter for Shanghai 50 ETF index options?(Elsevier B V, 2024-01-01) Hoque A; Le T; Hasan M; Abedin MZThis study aims to measure Shanghai 50 Exchange-Traded Fund (SSE 50 ETF) index options efficiency for trading in different periods of a trading day. We use an econometric model of put-call-parity to test the market efficiency for three moneyness situations: call at-the-money and put at-the-money, call in-the-money and put out-of-the-money, call out-of-the-money, and put in-the-money. The SSE 50 ETF index options market is efficient when both call and put options are at-the-money, leading to accurately-priced call and put options. The SSE 50 ETF index options market is inefficient if the call is in-the-money (out-of-the-money) and the put is out-of-the-money (in-the-money). Furthermore, call and put options are over-priced (under-priced) and under-priced (over-priced), respectively, when the inefficient SSE 50 ETF index options market. Traders can take a long or short position based on call-put option pricing to reduce hedging costs and increase speculative premiums.Item The influence of psychological ownership and social support on organizational resilience: the mediating role of organizational identity(Vilnius Gediminas Technical University, 2022-05-23) He K; Oláh J; Hasan MFaced with a complex and volatile environment, improving the resilience of organizations to resist various risks, enhancing the viability of enterprises, and ultimately achieving sustainable development capabilities has become a top priority for business managers. This study first explores the relationship between employee psychological ownership, organizational resilience, and social support by combining the relevant literature, constructing a theoretical research model, and proposing hypotheses. Through statistical analysis of 332 valid questionnaires, the results show that employee psychological ownership positively impacts organizational resilience. Also, social supports positively affect organizational resilience and organizational identity in employee psychological ownership, and social supports and organizational resilience both play an intermediary role.
