International Journal of Revenue Management (4 papers in press)

Regular Issues

• Digital transformation and banks performance: case of commercial banks in Vietnam  
  by Tam Phan Huy, Yen Nguyen Ngoc Nhu, Tuyen Vo Thi Kieu, Duong Dinh Nguyen Khanh, Tuyet Pham Hong, Kien Nguyen Huu 
  Abstract: Digital transformation in the Vietnamese banking sector plays a crucial role in influencing bank performance. This research examines the impact of digital transformation through three key dimensions: strategic, business, and management transformation. Using regression models and data from annual reports, digital channels, and organisational restructuring metrics, the study reveals that strategic transformation - measured by the frequency of digital terms in reports - significantly enhances bank performance. However, business and management transformations did not show a statistically significant relationship. The findings suggest that aligning digital initiatives with core banking strategies is essential for achieving performance improvements. These insights provide valuable guidance for investors, managers, and policymakers navigating the digital transformation process in Vietnams banking industry.
  Keywords: digital transformation; banks; Vietnam.
  DOI: 10.1504/IJRM.2024.10067694
   
  
• Does earnings acceleration affect earnings management in different firm life cycle stages? Evidence from Indonesia  
  by Indarti Diah Palupi, Ainun Na'im 
  Abstract: This study investigates the relationship between earnings acceleration (EA) and earnings management (EM) at the firm life cycle stages. It is designed to analyze how variations in EA can influence different EM strategies. We use data from 629 non-financial firms listed on the Indonesia Stock Exchange from 2008 to 2022. The results show significant differences in EA and EM across the firm life cycle stages. Earnings acceleration affects accrual and real earnings management and expense shifting except revenue shifting. These findings imply that EM in the previous period can be the performance benchmark that drives EM for the current period. This study is the first to test the relationship between EA and EM within the firm life cycle stages. The EA variable is still limited in empirical research. However, it is well-considered in investment decisions.
  Keywords: accrual-based earnings management; classification shifting; earnings acceleration; EA;real earnings management; REM; firm life cycle.
  DOI: 10.1504/IJRM.2024.10067814
   
  
• Macroeconomic indicators and stock market returns: a comparative analysis  
  by Fouzia Alloul, El Mehdi Ferrouhi 
  Abstract: This study examines the impact of five macroeconomic indicators employment rate (EMR), foreign direct investment net inflows (FDI net inflows), gross domestic product growth (GDP growth), gross domestic product per capita (GDP per capita), and inflation rate (INFR) on stock returns across developed, emerging, and frontier markets from 2002 to 2022. A PMG/panel ARDL approach, along with various testing methods including Pedroni panel cointegration tests, is employed to investigate the empirical evidence for both long-term and short-term associations between these macroeconomic indicators and stock returns. The empirical results indicate a statistically significant long-term causal relationship between the macroeconomic indicators and stock returns in developed, emerging, and frontier markets, except for GDP per capita and inflation rate in frontier markets. Additionally, a statistically significant short-term causal relationship is found between the macroeconomic indicators and stock returns in developed and frontier markets, with the exception of FDI net inflows in developed markets and employment rate, FDI net inflows, and GDP per capita in frontier markets.
  Keywords: macroeconomic indicators; stock returns; panel data analysis; developed markets; emerging markets; frontier markets.
  DOI: 10.1504/IJRM.2024.10067815
   
  
• Green profits: examining the influence of environmental and economic concerns on renewable stock investment intention, with attitude as a mediator and green investment knowledge as a moderator  
  by N. Sangeetha , Mohd Afjal , K. Geetha , R. Manigandan , Keerthi Jain 
  Abstract: This study delves into the intricate dynamics shaping young investors’ intentions in renewable energy stocks by scrutinising the impact of environmental concern (altruistic value) and economic concern (egoistic value). Additionally, the research examines how green investment knowledge moderates and attitudes mediate the shaping of renewable stock investment intentions. This study utilised a non-probability sampling technique. The data were collected through a structured questionnaire method. There are 256 responses for the data analysis, the data analysis through SMART PLS 4 software. While demonstrating significance in certain studies, economic concern (EC) did not attain statistical significance. ‘EN’ and ‘EC’ exhibited robust positive influences on the mediating factor ‘ATT-RSII’, along with ‘ATT’ on ‘RSII’. This research significantly contributes to the realms of management, sustainable finance, and investor behaviour, offering actionable implications for financial advisors, investment firms, and policymakers. As the global financial landscape evolves, leveraging these managerial insights becomes imperative for steering towards a more sustainable and responsible investment future.
  Keywords: sustainable investments; young investors; altruistic value; egoistic value; green investment knowledge.
  DOI: 10.1504/IJRM.2024.10067919