International Journal of Economics and Finance Studies https://sobiad.org/menuscript/index.php/ijefs <p style="text-align: justify;">The <strong>International Journal of Economics and Finance Studies (IJEFS</strong>) is open access, double-blind peer-reviewed, international journal published in English.</p> <p style="text-align: justify;">The scope of IJEFS encompasses theoretical, empirical or policy-oriented research articles, original research reports, reviews, short communication and scientific commentaries in the fields of economics and finance.</p> en-US editorial@sobiad.org (Akira Yokoyama) editorial@sobiad.org (Webmaster) Tue, 28 Jun 2022 17:54:35 +0000 OJS 3.2.1.2 http://blogs.law.harvard.edu/tech/rss 60 DIVIDEND POLICY, SIZE AND SHARE PRICE: TH PLANTATIONS BERHAD VERSUS PROFITABLE COMPANIES AT BURSA MALAYSIA https://sobiad.org/menuscript/index.php/ijefs/article/view/1101 <p>This study is inspired by the motivation to investigate the theoretical relevance of dividend policy, firm size and share price of top businesses at Bursa Malaysia. Within the bird-in-hand theory on dividend and market share profitability hypothesis, this research adopts the Generalized Method of Moments (GMM) as an estimating model exploiting yearly data from 2015 through 2020. The empirical results from GMM clearly show that dividend per share (DPS) and size (as proxied by sales) do influence the performance (as proxied by closing share price) of the selected companies across the different sectors. As such, the dividend hypothesis and size are relevant in explaining changes in share values. Although DPS is our control variable, size does &nbsp;have a significant positive impact on a firm's success. However, the lag-closing price variable demonstrates otherwise. In a nutshell, the empirical evidence from this study reveals a breach of the Efficient Market Hypothesis which suggests that Bursa Malaysia is informationally inefficient in semi-strong form. Size is a crucial explanatory variable that impacts a firm's performance. TH Plantations Berhad should mimic the sales techniques implemented by these top businesses at Bursa Malaysia to sustain its long-term growth.</p> Jubaedah Nawir, Mohd Hisham Hashim, Eddy Yap Tat Hiung, Abdul Razak Abdul Hadi Copyright (c) 2022 https://sobiad.org/menuscript/index.php/ijefs/article/view/1101 Tue, 28 Jun 2022 00:00:00 +0000 THE IMPACT OF BANK CREDIT AND LENDING RATE ON THE FINANCIAL DEVELOPMENT OF THE LOGISTICS INDUSTRY IN VIETNAM https://sobiad.org/menuscript/index.php/ijefs/article/view/1102 <p>Recent studies and policymakers have focused on debt financing as a crucial element of financial development. Thus, the present study investigates the effect of bank credit and lending rates on Vietnam's logistics industry's financial growth. This study also included business size and sales growth as control variables. This study compiles information &nbsp;from the thirty-five largest trade logistic companies listed on the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange. This analysis compiles information from 2016 to 2020 from both stock exchanges' official financial accounts and databases. This study included panel data analysis approaches, including the fixed effect model (FEM) and robust standard error. Results reveal that bank credit, sales growth, and business size positively correlate with financial development. However, the loan rate negatively affects financial development in Vietnam's logistics industry. These conclusions have given regulators suggestions for creating policies regarding debt financing and financial growth.</p> Nguyen Van Tien, Phuoc Minh Hiep, Tran Do Hoai Bao, Phuoc Van Hanh Copyright (c) 2022 https://sobiad.org/menuscript/index.php/ijefs/article/view/1102 Tue, 28 Jun 2022 00:00:00 +0000 THE IMPACT OF CORPORATE SOCIAL AND ENVIRONMENTAL RESPONSIBILITIES AND MANAGEMENT CHARACTERISTICS ON SMES' PERFORMANCE IN VIETNAM https://sobiad.org/menuscript/index.php/ijefs/article/view/1104 <p>This article investigates the influence of corporate social and environmental obligations and managerial characteristics on the performance of small and medium-sized firms (SMEs) in Vietnam. This study also analyzes the moderating effect of organizational support on the relationship between corporate social and environmental obligations and the performance of small and medium-sized enterprises (SMEs) in Vietnam. The current study employed primary data collection techniques, such as survey questionnaires and smart-PLS, to examine the relationship between the understudy components. The results demonstrated that corporate social and environmental obligations and managerial traits had a favourable and significant effect on the performance of SMEs in Vietnam. The data also revealed that organizational support moderates the relationship between corporate social and environmental responsibility and the implementation of Vietnamese SMEs. This research assists policymakers in formulating strategies to improve the performance of small and medium-sized enterprises (SMEs) using corporate social and environmental obligations and management traits.</p> Vo Huu Phuoc, Nguyen Duc Thuan, Nguyen Phan Hoai Vu, Le Trong Tuyen Copyright (c) 2022 https://sobiad.org/menuscript/index.php/ijefs/article/view/1104 Tue, 28 Jun 2022 00:00:00 +0000