Print ISSN: 2204-1990

Online ISSN: 1323-6903

Issue 1,

Issue 1

Challenges and Opportunities for Sustainable Finance

Camelia S. Ferrua Rotaru, Ph.D.

Journal of Contemporary Issues in Business and Government, 2019, Volume 25, Issue 1, Pages 1-13

With the move toward sustainability on the rise, significant challenges and opportunities arise as investors and analysts attempt to evaluate how companies incorporate ESG factors in their strategies in order to generate long-term competitive financial returns with positive societal impact. Since the current businesses landscape and reporting environment provides for limited, voluntary disclosures on ESG issues and rewards short-term performance, management is often reluctant to reallocate capital toward long-term sustainability goals and investors struggle to evaluate the impact of ESG factors on performance. Boards of directors are, therefore, uniquely positioned to develop and enact longterm business visions that clearly articulate the role that ESG factors play in the business and align current business performance with long-term sustainable finance factors. This would allow management to execute and forecast against objectives that address the strategic guidance given for the business and also provide a clearer sense of direction to analysts and investors as they evaluate the financial impact of ESG considerations.

Insolvency Reforms in India: Policy and Economic Implications

Shinu Vig

Journal of Contemporary Issues in Business and Government, 2019, Volume 25, Issue 1, Pages 14-29

The Indian government introduced the Insolvency and Bankruptcy Code of India (IBC) in 2016 as reforms in insolvency and bankruptcy laws are crucial for improving the business environment and credit markets in India. The banking sector of India has been marred for long by the problem of Non-performing-Assets (NPAs), and many of its largest companies are struggling under massive debts. The main objective of the new law was to facilitate insolvency resolution and liquidation in a timely manner and to improve India’s ranking in the ‘ease of doing business’ index. This paper highlights the importance of insolvency reform in the economic policy of any country, while it examines the insolvency regime in India under the IBC with respect to its prospects and challenges and implications of the Code for the Indian corporate sector. Thus, the paper contributes to the policy debate relating to this subject.

Estimating entrepreneurial risk in Russian small and medium-sized enterprises

Iuliia S. Pinkovetskaia, Elena A. Sverdlikova, Anton V. Lebedev

Journal of Contemporary Issues in Business and Government, 2019, Volume 25, Issue 1, Pages 30-43

Identifying risks is essential to ensure the efficiency of activities of small and medium-sized enterprises who are most exposed to the effects of risks due to limited resources and their structural features. The purpose of this study was to define the levels of entrepreneurial risk prevailing in recent years in Russian micro, small and medium-sized enterprises. The study used data from the official statistical collection of activities of all Russian enterprises for the period 2015 to 2017, representing 82 Russian regions and thirteen types of economic activity. The highest level of acceptable entrepreneurial risk was observed in the trade industry. The highest level of critical entrepreneurial risk was observed in enterprises specializing in the production and distribution of electricity, gas and water, and in mining. The highest level of catastrophic risk was observed in enterprises specializing in building and construction, transport and communications, and in wholesale and retail trade. These results could be of interest to entrepreneurs when choosing the type of sectors to engage in, and to policymakers in supporting enterprises in particular economic sectors of Russia. This paper aims to contribute to the scholarly debate on the establishment of levels of entrepreneurial risk.

Do seasonal anomalies still persist? Empirical evidence post-global financial crisis

Muskan Kaur, Dinesh Jaisinghani , Mahesh Ramalingam

Journal of Contemporary Issues in Business and Government, 2019, Volume 25, Issue 1, Pages 44-65

The present study examines the presence of seasonal anomalies and volatility clustering in the Malaysian securities market in the post-global financial crisis period. An analysis has been performed for 11 different broad and sectoral indices of the Bursa Malaysia stock exchange. The time frame of one decade post the global financial crisis, that is, from 2009 to 2018, has been chosen for the empirical analysis. The results provide strong support for the existence of the presence of the day-of-theweek effect and the trading-month effect for the Malaysian market. However, there is weak evidence supporting the month-of-the-year effect. The results further highlight significant volatility clustering for the Malaysian market. Moreover, it is also observed that negative shocks generate higher volatility in the Malaysian market, as compared to positive shocks. The overall results confirm that the Malaysian market is not weak-form efficient in the post-global financial crisis period.

Socio economic impact of One-Town-One-Product (OTOP) Entrepreneurial program in Region 1 Philippines

Christian Thom F. Tabisola

Journal of Contemporary Issues in Business and Government, 2019, Volume 25, Issue 1, Pages 66-73

One-town-one-product (OTOP) is a program of the Department of Trade and Industry that  envisions having a product for each town and making it known to the market locally and internationally. This study described the socio-economic impact of OTOP entrepreneurial program as perceived by the entrepreneurs. The descriptive design was used in this study with survey questionnaire as research instrument. Most of the respondents are female, married, middle adult, and completed high school. They earned minimal profit, with few numbers of workers and started business using credit and personal money. They are prepared on creat ing new product standardization, regional production networks including sub-contracting process, and export procedures. Most of them agree that the OTOP program  conducted activities like entrepreneurship development program of the province, and tracking of small medium readiness. When it comes to the impact of OTOP to the entrepreneurs, OTOP Region 1 provides average impact on the conduct of marketing endeavours, and better conducive business environment . The OTOP-Philippines program, in spite of its limitations, offers opportunities to thousands of rural enterprises to become viable and competit ive. Therefore, it is imperative that reforms are instituted to make the program truly unleash and harness the entrepreneurship that is needed to move the Philippines forward and be readily competitive in positioning its niche for the global market penetration. In order to make the OTOP program more responsive to the needs of the entrepreneurs in Panagsinan, it is recommended that equal attention must be given in improving the production efficiencies of rural enterprises, investment in research and development , provide room for improvement in the processed food sector, accessible financing to rural micro and small enterprises , and provision of structural reforms
to make sure that the business enabling environment is conducive to the creation and growth of rural enterprises.

Using big data to improve the quality of healthcare in the Jordanian medical sector

Dr. Karim Saeed Okour

Journal of Contemporary Issues in Business and Government, 2019, Volume 25, Issue 1, Pages 74-86

This study aimed here to reveal the extent and extent of using some operating hospitals located in Jordan of modern electronic business technologies from big data with the aim of improving and developing health care in their hospitals. The study was applied to that random sample of operating hospitals in JORDAN, whose size reached (45) hospitals The design has not been determined. For collecting data, it has been used with descriptive statistics, and those tests aim to analyze the data and make hypothesis testing such as the signal test, Mann-Whitney test and test. The study finally reached a number of results, the most important of which were: The decrease in the size and level of adoption of these technologies and big data in the Jordanian governmental hospitals affiliated with the Ministry of Health and the private hospitals operating in the Amman region, Whereas, the size of these systems and technologies in the governmental and private hospitals of the Jordanian Ministry of Health was between medium and high.
The study also found here that there is such a relationship between the independent variables (such as type of hospital, hospital size, hospital age, obtaining accreditation).