All Articles
Original Article274 downloads
A Study Comparing the Consumption Values on Customer Satisfaction in Luxury and Regular Fashion Clothing between Taiwan and VietnamThis study examines the differences in consumer satisfaction towards luxury and regular fashion in two Asian markets: Vietnam, a country characterized by a collectivist culture and rapid growth, and Taiwan, which has deep cultural roots as a mature market. The research examines how emotional, functional, social, conditional, and epistemic values influence customer satisfaction. It compares these relationships across luxury and regular fashion clothing segments, as well as how national culture (Vietnam vs. Taiwan) impacts these relationships. A survey of 200 participants, equally divided between the two countries, revealed significant differences across luxury and regular fashion clothing segments and national culture (Vietnam vs. Taiwan) in terms of five consumption values related to consumer satisfaction. This research offers valuable insights for international fashion brands looking to adapt their strategies to culturally diverse markets.
Original Article275 downloads
Exploring the Nexus between Oil Revenue and Public Infrastructure Development in NigeriaThis study examines the relationship between oil revenue and public infrastructure development in Nigeria from 1999 to 2023. Stationarity tests using the Augmented Dickey-Fuller (ADF) and Phillips-Peron (PP) shows that the variables are stationary at different levels, I(0) and I(1). The ARDL Bounds Co-integration test confirms the presence of a long-run relationship among the variables. In the short run, past oil revenue and non-oil revenue have significant positive effects on infrastructure development, while oil price and GDP have negative impacts. Corruption is not statistically significant. In the long run, oil and non-oil revenues continue to show strong positive effects, while GDP remains negative, and both oil price and corruption are insignificant. The Granger causality test shows that non-oil revenue and GDP help predict infrastructure spending, while oil revenue does not. Corruption is Granger caused by GDP, and it also Granger causes oil revenue. The model explains 94.5% of changes in infrastructure spending. Based on these results, the study recommends linking oil revenue directly to infrastructure through clear fiscal rules and spending oil and non-oil revenues more effectively on infrastructure spending. Nigeria should reduce its heavy dependence on oil by improving domestic revenue generation. Strengthening institutions, promoting transparency in the oil sector, and adopting long-term infrastructure plans that are less affected by economic shocks are also necessary. Finally, stronger accountability systems are needed to reduce the indirect effects of corruption on public investment.
Original Article55 downloads
A proposed framework for disclosing credit risks and their implications on the quality of banks in financial reports in Tunisie “an applied study”The study proposes a framework for the disclosure of credit risks and their implications on the quality of banks in financial reporting in Tunisie. Using data collected from 90 respondents, the analysis revealed significant results on the relationships between credit risks, lending policies and asset quality of banks. The results indicate a positive correlation between lending policies and the percentage of bad debts, as well as a significant relationship between lending policies and the return on assets ratio. Additionally, a positive but insignificant correlation was observed between credit risks and asset quality. These findings highlight the importance of credit risk management and lending policies in the Tunisie banking sector. The proposed recommendations aim to strengthen transparency in risk disclosure, optimize lending policies and strengthen governance and risk management practices in banks. By following these recommendations, banks in Tunisie can improve their financial performance and build stakeholder confidence.
Original Article203 downloads
A study on Perceived Social Impact of the Tuirial Hydro Electric Project (THEP) on Local Communities in MizoramThis study explores the perceived social impact of the Tuirial Hydro Electric Project (THEP) on local communities in Mizoram. The Tuirial Hydro Electric Project, a major infrastructure development aimed at meeting the region's power demands, has significant implications for the socio-economic and cultural fabric of the surrounding villages. This study examines various social aspects, including transportation access, education, economic conditions, family and village unity, and social life, as perceived by local residents. The findings reveal a mixed impact of THEP, with positive effects noted in healthcare and infrastructure access, but limited economic improvement and minimal influence on family and village cohesion. The majority of respondents perceived THEP as having little relevance to their daily lives. These results highlight the importance of incorporating local perceptions into social impact assessments and suggest the need for more inclusive development strategies that ensure the equitable distribution of benefits and minimize adverse outcomes for local communities.
Original Article102 downloads
BUSINESS PERFORMANCE IN THE PERSPECTIVE OF THE CONCEPT OF RAHMATAN LIL ALAMIN: AN ETHNOMETHODOLOGICAL STUDYThis research aims to analyse the relevance of the concept of rahmatan lil alamin in business performance assessment using the interpretive paradigm in the context of ethnomethodology. The research focuses on how social practices, interactions and spiritual values influence business management. The framework included phases of phenomenon selection, data collection through interviews, participatory observation and document analysis, as well as thematic analysis to understand social structures and patterns of meaning in business operations. The results show that the business adopts rahmatan lil alamin values through performance indicators that integrate spiritual, social and financial aspects. The spiritual dimension is realised through strengthening the values of honesty, transparency and exemplary leadership in business management. Socially, the company prioritises a mediation approach based on benefit and justice. Financially, the company allocates revenue to zakat, infaq, sadaqah, and social interests as part of its sustainability strategy. This research contributes to the development of a more comprehensive sharia goal-based performance assessment model, which includes the principles of justice, welfare and sustainability.
Original Article215 downloads
Quantitative Analysis of Fixed-Income Securities: An Econometric Study of the Tunis Stock ExchangeThis study concludes that investing in bonds is a significant option for investors in the Tunis Stock Exchange, especially with the availability of historical data that offers valuable insights into the performance of these securities over an extended period. Through the application of quantitative analysis, investors can better understand the impact of various factors, such as interest rates and inflation levels, on bond returns. This understanding is essential for making informed investment decisions and for diversifying investment portfolios in line with evolving economic and financial conditions. The quantitative analysis of fixed-income securities in the Tunis Stock Exchange, conducted over the period from 1990 to 2024, reveals several important findings. Firstly, the study finds cointegration among the variables, indicating a long-term relationship between them. Secondly, it highlights the critical role of interest rates and inflation levels in determining bond yields. Lastly, the study concludes that portfolio diversification and monitoring of key economic indicators can serve as effective strategies for investors in this market. These findings underscore the importance of understanding and applying quantitative analysis to make sound investment decisions and achieve the desired returns on investments.
Original Article23 downloads
Developments of the Lewis Theory of DevelopmentAbstract: Several aims were taken into account when writing this article. First of all, it was my intention to reveal and highlight the personality and the achievements of the Nobel Prize Laureates in Economics, awarded by the Royal Bank of Sweden (Sveriges Rjksbank). And, one of these important economists, is Sir William Arthur Lewis (1915-1991), iconic reprezentant of the Winward Isles (West Caribbean Islands) and, thus, we make the transition to a second aim, that one of the 70th anniversary of the publication of Lewis’ theory of resistance, The Theory of Economic Growth.
The third aim, factually that aim which re-unite the other two, is to present St. Lucia’s becoming, as a model of passing from mono-culture agriculture to a developing economy, with outstanding services on top.
Finally, we try and succeed, in a manner, to look to the Lewis theory from another: angle, that one of extension the development on agricultural domains (vegetables, livestock..), in a niche mode, fact which ensure the development of the respective zone/region and, by consequence, the development of the entire economy in discussion.
We presented examples, from many others, of this passage from a subsistence agriculture and an underdeveloped economy, nowadays supported by the new digital technologies, to the next stage of industrialized and diversified economies, that the stage of developing economies.
In sum, it is a permanent movement towards development, good living standards, benefit/profit for all.
Original Article33 downloads
Evaluation of Crowd Management Strategies in Hospitality Buildings in Southwest NigeriaEffective crowd management is crucial in hospitality buildings to ensure safety, user experience, and optimize operational efficiency. However, many hospitality buildings are struggle with overcrowding, inefficient circulation, and inadequate emergency response measures, posing risks to both guests and staff. This study evaluates crowd management strategies in hospitality buildings across Southwest Nigeria, with a view to proposing design guidelines, which incorporates architectural planning techniques for seamless crowd circulation pattern. Both primary and secondary data were used for the study. Information were obtained from hospitality facility users, staff, and professionals, including architects, facility managers, and security personnel. A total of 403 respondents were administered with questionnaire using a systematic sampling technique. Descriptive statistical tools, including frequency counts, percentages, and Likert-scale were used to analyse. The study assessed causes of crowd incidences, existing crowd management strategies, and their effectiveness in hospitality buildings. The result shows that 68.4% of respondents attributing congestion to poor spatial planning, while 54.2% cited inadequate emergency exits as a major concern, 47.9% of respondents noted that a lack of designated waiting areas contributed to bottlenecks in high-traffic zones. Crowd management measures indicated that 71.6% of hospitality buildings relied on basic wayfinding signage, while only 43.8% had real-time monitoring systems in place. The result shows that 38.5% of the facilities had designated emergency assembly points, posing a significant risk during evacuations. The result on the rating of current crowd control measures show that 59.3% of respondents rate current crowd control measures as “Moderately Effective,” while 22.5% considered them “Ineffective.” Regarding improvements on the current state of facilities, 74.1% of respondents emphasized the need for wider circulation paths, while 65.8% advocated for increased signage and digital navigation tools to improve crowd flow. The study revealed that limited integration of advanced crowd management strategies, reliance on conventional spatial layouts, and inadequate use of technology were key factors hindering efficiency, safety, and seamless movement within hospitality buildings. Study concludes that effective crowd management is essential in hospitality buildings to enhance safety, optimize movement, and improve user experience. However, existing strategies in Southwest Nigeria are often inadequate due to poor spatial planning, insufficient emergency exits, and limited technological integration. It is recommended that hospitality buildings adopt passive design strategies such as wider circulation paths and clearly marked exit routes to improve crowd flow.
