J. for Global Business Advancement (10 papers in press)

Regular Issues

• THE FINANCIAL CRISES AND THE STABILITY OF THE FINANCIAL SYSTEM: A COMPARISON OF DEVELOPED AND LESS DEVELOPED COUNTRIES  
  by Halil Kaya 
  Abstract: This study examines the impact of the 2008 global crisis on the stability of high-income, middle-income and low-income countries financial systems. During the run-up to the crisis, there were no warning signs. During the crisis, banks non-performing loans significantly increased in high-income OECD and middle-income countries, but not in high-income non-OECD and low-income countries. The liquid assets of the high-income non-OECD countries decreased significantly. Interestingly, none of the low-income countries stability measures changed significantly. After the crisis, bank capital and regulatory capital increased significantly in high-income OECD countries and regulatory capital increased significantly in high-income non-OECD and middle-income countries. Overall, the results indicate that the impact of the crisis was more persistent in high-income OECD and middle-income countries. Our results also show that government reactions differed by countries income groups.
  Keywords: financial system; stability; global crisis; financial crisis; bank credit; bank capital; regulatory capital; liquid assets; z-score; non-performing loans.
  
  
• Factors influencing organic food purchasing behaviour: does gender matter? A comparative study between Malaysia and Pakistan  
  by Abdullah Al-Swidi, Muhammad Haroon Hafeez, Hamid Mahmood Gelaidan, Redhwan Mohammed Saleh, Osama Sam Al-Kwifi 
  Abstract: Organic food, as part of green and sustainable consumption, has recently received attention from scholars and practitioners. This paper examines the influence of subjective norms on attitude, perceived behavioral control, and buying intention across gender groups in Malaysia and Pakistan. It, therefore, investigates the applicability of the theory of planned behaviour in the organic food consumption context. The data were collected from consumers in Malaysia and Pakistan. The data were then analysed using structural equation modelling, utilizing smart-PLS software. The study established the validity and reliability of the measurements and then used the multi-group analysis techniques to test the anticipated model. The results confirmed the catalytic role of subjective norms in shaping attitudes toward buying organic food and in enhancing the perceived behaviour control. This study provides useful theoretical and practical insights into how men and women differ in their respective ecological behaviours with respect to organic food consumption.
  Keywords: theory of planned behaviour; organic food; structural equation modelling; multi-group analysis; Malaysia; Pakistan.
  
  
• The relationship between internationalisation strategies and human capital in Brazilian companies  
  by Mara Mataveli, Juan Carlos Ayala, Alfonso J. Gil 
  Abstract: This paper aims to investigate the relationship between the internationalisation strategies of Brazilian companies, especially the entry strategies in international markets, and human capital. These strategies are compared with the human capital - general and specific, of companies. A sample of 318 statistically significant companies was collected from Brazilian exporting companies. First, a descriptive analysis is carried out and, second, an analysis of variance to find out possible significant differences between the strategies for entering foreign trade and exporting companies' human capital. It is found that the most frequent internationalization strategy of companies is exporting both through direct export and third-party export. The rest of the strategies that are proposed are significantly less frequent. There are no significant differences between exports through third parties and general and specific human capital, nor are there significant differences between direct exports and general human capital. Statistically, significant differences are found in the rest of the strategies. This paper analyses the relationship between entry strategies to foreign trade and human capital in an emerging country like Brazil. It shows that export is the most frequent entry strategy in foreign markets. Besides, it confirms the scope of human capital in export behaviour.
  Keywords: internationalisation strategy; human capital; exports; emerging economies; Brazil.
  
  
• Determinants of the budgetary transparency of public finance in Thailand's educational sector  
  by Prakaydao Krissadee, Pairote Pathranarakul 
  Abstract: Public spending on education in Thailand has been beset by a string of corruption charges in recent years. Budgetary transparency can improve the quality of governance and accountability in public spending. This paper examines determinants of budget transparency in public finance in Thailand's education sector, with a focus on four areas specified in the International Monetary Fund's fiscal code: fiscal reporting, forecasting, and budgeting, fiscal risk analysis and management, and resource revenue management. Questionnaire data were gathered from officials of the Thai Ministry of Education working on budgeting processes. Results showed that transparency is established through 10 key determinants: efficient use of technology, timely reporting, early commencement of the budgeting process, democratic decision-making in budget allocation, objective review of budget performance, quality of revenue resource management, effective anticorruption measures, effective stakeholder engagement in the budgeting process, quality of governance, and accountability. Fiscal transparency in Thailand is below average compared to other nations, though progress has been made on fiscal reporting and fiscal forecasting and management.
  Keywords: budgetary/fiscal transparency; budgeting process; public finance; determinants; transparency dimensions; governance.
  DOI: 10.1504/JGBA.2022.10051794
   
  
• Accessibility of financial information on the official websites of ASEAN countries  
  by Indrawati Yuhertiana, Lukman Arif, Fajar Saiful Akbar 
  Abstract: The purpose of this study is to evaluate the presence of government reporting on financial information on 10 websites of countries belonging to the Association of Southeast Asian Nations (ASEAN). The study is performed by elaborating the type of information and characteristic information regarding the budgets and financial information of these countries. It is found that the financial information disclosed via the internet differs among these countries. This study use official government website homepage to explore the accessibility of financial government information. There are 30 websites observed from 10 ASEAN members. In each countries, there are three websites that related with government financial information are observed, i.e. official government website, ministry of finance website and national government auditor website. The website observation period was carried out for 50 days. Transparency, as the heart of the public sector accounting reform, of these countries is not at the same level and the accessibility of internet financial reporting on the websites of ASEAN members at the state level is still low. Therefore, this study highlights that accurate, detailed and timely information on the official government websites can boost the increase of the transparency level, which helps people with better quality decision-making in the new era of Industry 4.0.
  Keywords: government financial reporting; transparency; ASEAN.
  
  
• Brand trust and brand loyalty in electronics home appliances in Bangladesh: moderating role of demography and brand origin, social media and its usage duration  
  by Md Uzir Hossain Uzir, Zakari Bukhari, Abu Bakar Abdul Hamid, Ahmad Shaharudin Abdul Latiff, A.K.M. Ahasanul Haque 
  Abstract: The objective of the study is to inspect brand loyalty and its predictors in electronics home appliances (EHAs) when social usage and demography brand trust matters their relationship. Customers are being much accustomed to the fast life and are involved in economic activities. Technology and innovation present various EHAs that make human life ease and comfort. How much a satisfied customer is loyal to a particular brand and service of these daily used EHAs and uniquely, whether the brand trust matters the relationship between customer satisfaction and brand loyalty are the concerns of this study. The study was conducted in Dhaka, Bangladesh, with 486 respondents. The structured survey questionnaires were distributed among the respondents using a mall-intercept sampling technique from 40 shopping complexes, centres, display showrooms, etc. of 12 major areas. The questionnaire was adapted from the literature designed in 5-point Likert. Elementary analyses common method variance-CMV/CMB) were done using SPSS, and hypotheses were tested using PLS-SEM. The findings revealed customer satisfaction, brand awareness has a significant and positive effect on brand trust. Besides, brand trust is also a positive and significant influencer on brand loyalty. Instead, brand experience and brand image are insignificant on brand trust as social media usage, and respondent demography do not moderate the relationship. The findings will contribute to the S-O-R theory in EHAs and practically for managerial decisions. The practicing managers and company management could make an effort to increase trust among the users of EHAs. The study is one of the first studies conducted on EHAs in Bangladesh investigating the effect on brand trust on brand loyalty and interacting impact of social media usage and demographic information.
  Keywords: customer satisfaction; brand loyalty; brand trust; customer brand experience; shopping mall intercept; PLS-SEM; EHAs; Bangladesh.
  
  
• Adaptation strategies for enhancing global competitive advantage of ceramic industry in Thailand  
  by Thidarat Ngamsuwat, Porntip Shoommuangpak, Thanin Silpcharu 
  Abstract: The ceramic industry comprises qualified businesses recognised for their regional and global competitive competencies Hence, the research objective is to simulate SEM of adaptation strategies for enhancing global competitive advantage of ceramic industry in Thailand Qualitative and quantitative analyses are implemented in 500 questionnaires from SMEs and large-scale ceramic enterprises The research outcomes are organised by category Resource management, a leader fully equipped with the vision and mission to drive the ceramic business globally is needed Market orientation, high efficiency and accuracy in product shipping are necessary Knowledge management, the team learning encouragement must focus on unity and group-work problem-solving Production technology and innovation were the lean manufacturing methods to facilitate cost savings The hypothesis regarding the perception of the value of the adaptation strategy was tested and was not significantly different at 0 05 level Moreover, the SEM analysis revealed that it passed the evaluation criteria with empirical data.
  Keywords: Adaptation strategy; ceramic industry; global competitive advantage; knowledge management; market orientation; production technology and innovation; resource management; structural equation modelling.
  DOI: 10.1504/JGBA.2022.10058624
   
  
• The impact of green leadership competencies on sustainable corporate performance across Indonesia  
  by Reniati Reniati, Maher N. Itani, Ari Agung Nugroho, Nelly Astuti 
  Abstract: This study examines how green transformational leadership, green technological innovation, and green organisational citizenship behaviour influence sustainable corporate performance The independent significance of these emerged factors has been validated, but their combined effects on sustainable performance have not been extensively studied before t6ransformational leadership has become a crucial factor in promoting green innovation, which in turn plays a significant role in driving company performance sustainability In addition, combining the organisational citizenship behaviour factor with the strategic implementation of the green innovation factor synergistically affects a company’s overall performance sustainability. For statistical analyses, SmartPLS affirmed the convergent and discriminant validities of the research model, and supported these factors' pivotal role in driving sustainable performance These findings highlight the holistic benefits of integrating green practices into various dimensions of organisational operations, and can inform policymakers in developing strategies for gaining competitive advantage and enhancing SCP.
  Keywords: sustainability; GTL; green transformational leadership; green technological innovation; green organisational citizenship behaviour; sustainable corporate performance.
  DOI: 10.1504/JGBA.2023.10067808
   
  
• Determinants of Indian consumers attitudes towards controversial product advertising  
  by Jaskirat Rai, Maher N. Itani, Behzad Foroughi, Amanpreet Singh 
  Abstract: Spiritual maxims and religious restrictions directly impact consumers' perception towards a controversial product, which in turn affects their purchasing behavior and daily habits This study examines how Hindu and Muslim consumers in India perceive controversial product advertising (CPA) in various product categories and its influence on their sociomoral disgust The study further empirically assesses the direct and indirect impacts of sociomoral disgust on consumers' purchase intentions through their attitudes toward CPA as a mediator variable The study used a purposive sampling technique and applied covariance-based structural equation modeling. The results indicate a significant difference in perceptions between Hindu and Muslim consumers Hindu consumers are greatly influenced by political-related CPA, while Muslim consumers are more influenced by alcoholic-related CPA Sociomoral disgust negatively affects the attitudes towards CPA of both groups of consumers, which further influences their purchase intentions.
  Keywords: attitude toward advertising; controversial product advertising; purchase intention; religiosity; sociomoral disgust.
  DOI: 10.1504/JGBA.2023.10067809
   
  

Special Issue on: International Business and Finance in the Information and Digital Age

• Corporate social responsibility for potential resource acquisition An empirical evidence in Vietnam  
  by Hong Thu Nguyen, Van Chien Nguyen, Thu Thuy Nguyen 
  Abstract: Corporate social responsibility (CSR) has greatly contributed to the business performance in both developed and emerging economies. This study focused on CSR related to business organisation image, employees respect, satisfaction, especially remuneration policy, and evaluating their effects on potential resource acquisition in the businesses. To conduct this, a data sample of 524 respondents at 13 universities in six Vietnamese provinces has been selected. Results demonstrate that CSR related to business organisation image can positively affect potential resource acquisition. A higher level in CSR related to employees respect can positively promote a greater potential resource acquisition. In addition, CSR related to employees remuneration policy has greatly impacted on potential resource acquisition.
  Keywords: CSR; business; resource acquisition.