Open Access Original Research Article

A Close Look at the Importance of Social Support on Relationship Quality and Social Commerce

Sahar Kamangarpoor, Behrooz Shahmoradi

Journal of Economics, Management and Trade, Page 1-11
DOI: 10.9734/BJEMT/2017/30606

Rapid development of web2 and social network sites has lead to develop an evolution in e-commerce, which is called social commerce .In social commerce consumers have opportunities to  share their knowledge about products and services and create a friendly and supporting online environment. This study draw on social support and relationship quality theories considered a model to examine the relationship between social support, relationship quality and social commerce intention. In this regard, after reviewing the relevant literature, a proper research model selected as the research model. A questionnaire of 22 items adapted from previous literature applied to data collecting. Then they were conducted on two popular social network users in Iran named Facebook and Telegram. The questionnaires were distributed among 384 volunteers to fill out. Pearson correlation analysis method and partial least square were applied to test the model. The results revealed the direct relations between social support, relationship quality and social commerce intention. The research findings emphasize on the importance of social interactions in  social commerce and encourage firms and sellers to adopt innovation and serve social networks in their business.


Open Access Original Research Article

Value Chain Analysis of Small Scale Dry Fish Species in Haor Area of Sunamganj District, Bangladesh

Md. Nur Mozahid, Jasim Uddin Ahmed, Maksuda Mannaf, Abdullah Al Zabir

Journal of Economics, Management and Trade, Page 1-15
DOI: 10.9734/BJEMT/2017/32124

This study determined dry fish production and its value chain system in selected areas of Sunamganj district. A simple random sampling technique was used in selecting the respondents. Data were collected through interview schedule. Small, medium and large size of small indigenous fish species like Veda, Puti, Tengra, Taki, Baim, Escha and Chela were considered for calculation. It appears from the study that processor bought 85% fresh fishes from fishermen directly and after drying fresh fish processor sold most of their product to wholesaler (85%) through aratdar. Wholesaler bought a big portion (90%) from processor through aratdar and sold their product to retailer and consumer and it was 80% and 20%, respectively. Retailers sold the entire dry fish to ultimate consumers and buy 5% from processor 10% from processor through aratdar and 85% from wholesaler. The highest value added in case of Baim large size which were accounted for Tk. 381.97/kg followed by small sized of Escha Tk. 291.23/kg. The value chain actors gained maximum profit by selling of these species due to the highest demand of two species by the local consumer as well the people migrated from Sylhet area to the different country. The lowest value added by intermediaries in case of medium sized Tengra which were calculated Tk. 127.64/kg followed by Chela small size Tk. 129.23/kg. In the study area traders are facing several problems like inadequate capital price instability, lack of transport facilities, inadequate storage facilities, etc.


Open Access Original Research Article

Financial Derivatives and Firm Performance: Empirical Evidence from Financial and Non-financial Firms

Torbira Lezaasi Lenee, Joshua Oki

Journal of Economics, Management and Trade, Page 1-36
DOI: 10.9734/BJEMT/2017/30106

There is a general perception that financial derivatives have significant impact on firm performance when they are used to hedge financial risks. The study attempted to examine the effect of the use of forwards, futures, options and swaps to hedge interest rate and foreign exchange rate risks of 5 financial and 5 nonfinancial firms selected from the UK FTSE 100 index, between the years 2005—2014, with the objectives of supporting or refuting extant literature on the benefits of hedging, testing the impact of hedging on return on assets and capital employed, as well as revealing which financial derivative assert the highest influence in the period. The panel least squares (PLS) regression analysis was used on a balanced panel dataset of 100 observations. The results revealed the following: (1) financial firms tend to hedge more of interest rate risks while nonfinancial firms hedge more of foreign exchange rate risks;(2) hedging interest rate risks by both groups with the use of a combination of forwards and futures derivatives was found to be positive and statistically significant with return on assets, hence increases firm performance, but directly has a reverse effect when only swap derivatives are used; and (3) the use of one or more of any financial derivatives to hedge foreign exchange rate risk is seen to be negative and statistically significant with return on capital employed, which translates to a decrease in firm performance. Nevertheless, the study supports the financial distress and stakeholder theories of financial risk management, with recommendations of a comparative study and a longer time frame to be employed, in order for models to be subjected to long run performance analysis and other robust tests.


Open Access Original Research Article

The Intervening Effect of Customer Satisfaction in the Relationship between Corporate Social Responsibility and Reputation and Credibility: Case of Credit Departments of Taiwan's Farmer Association

Libby Chien Lu Lin Hsiang, Canon Tong, Anthony Tik-tsuen Wong

Journal of Economics, Management and Trade, Page 1-18
DOI: 10.9734/BJEMT/2017/31392

There has been a remarkable transformation in the business world over the last few decades with the concept of corporate social responsibility (CSR) having been universally embraced. CSR is prolific and paradoxical business applications, whereby businesses are made responsible for more than the products and services they produce but are also challenged to alleviate social problems in order to remain valued and competitive. As recent years have witnessed an increasing number of business frauds, the financial industry is being pressured to introduce innovative CSR programmes. Although studies have revealed clear associations between overall CSR and customer perception, satisfaction and buying behaviour, as well as between overall CSR and corporate reputation and corporate credibility, there is a dearth of studies on the relationships between these dimensions as antecedents and behaviour consequences. This study therefore examined the influence of CSR activities on the credibility and reputation of the Farmers' Association credit departments (FACDs) in Taiwan. The aim of this study was to determine the mediating role of customer satisfaction in the relationship between CSR activities and corporate credibility and reputation of FACDs in Taiwan. Interestingly, the hypothesis developed for the mediating variable, 'customer satisfaction on the relationship between CSR and credibility', was not supported although it was shown to play a fully mediating role in relation to CSR and corporate reputation.


Open Access Original Research Article

The Role and Function of Private Trade Associations as a Private Regulator in Making Markets More Efficient and Stable: The ISDA, The ICMA and The LMA in Comparative Review

Stanyo Neykov Dinov

Journal of Economics, Management and Trade, Page 1-10
DOI: 10.9734/BJEMT/2017/32132

Financial markets play a critical role for market-based economies: their safety and efficiency ensures and reflects the wealth and prosperity of society. But can markets function sufficiently well-regulated by themselves via standard market practices of private trade associations or do they require public regulation? This paper tries to answer this question by examining the regulation of international financial markets through the private regulation of three major private trade associations: the International Swaps and Derivatives Association (ISDA), the International Capital Market Association (ICMA) and the Loan Market Association (LMA). By using systematic approach the structure, the objects and the regulatory regimes of these three biggest private trade associations, their advantages and disadvantages as well as problems which they face are investigated and compared. Furthermore, in order to provide practitioners and researchers with an up-to-date reflection on a most pressing issue of modern financial markets the legal foundations of the recent research material and all relevant publicly available information provided by these private trade associations are critically evaluated. The most important conclusions and further open questions are outlined at the end.