Open Access Original Research Article

Gold Jewellery Demand and Gold Price Volatility: A Global Perspective

Roman Grynberg, Teresia Kaulihowa, Fwasa Singogo

Journal of Economics, Management and Trade, Page 1-13
DOI: 10.9734/JEMT/2018/41919

Profound changes have occurred in the gold jewellery market which has experienced a secular decline in demand over the last twenty years. Despite the apparent growth in gold jewellery demand in India and China in the previous two decades, there has been a more than a compensatory decline in demand for gold jewellery in the rest of the world. This indicates that the industrial uses of gold have been in decline with other traditional uses, such as, dentistry declining even more rapidly than that of jewellery. As a result, the investment of gold in the form of gold bars, coins and Exchange-Traded Funds (ETFs) have had to absorb the increased supply that resulted from the price boom of 2011-2012. The paper argues that the demise of gold jewellery demand along with other traditional uses has resulted in a significant increase in the long-term gold price volatility.

Open Access Original Research Article

The Nexus between Innovation Types and Marketing Performance of SMEs in an Emerging Economy: The Mediating Role of Knowledge Sharing

Samuel Afriyie, Jianguo Duo, Abdul-Aziz Ibn Musah

Journal of Economics, Management and Trade, Page 1-22
DOI: 10.9734/JEMT/2018/44223

This paper investigates the relationships between the innovation types, knowledge sharing and firm’s marketing performance of small and medium enterprise (SME) in an emerging economy- Ghana. In particular, it measures the mediating role of knowledge sharing within the relationship between innovation types and marketing performance. The study relied on a survey method through convenience sampling and gathered data through a sum of 437 questionnaires from SME service companies operating in Ashanti and Greater Accra region of Ghana. The quantitative methodologies were used in which Partial Least Squares Structural Equation Modelling (PLS-SEM) and bootstrapping method were used to test the hypotheses. The results obtained indicate that innovation types strongly have a significant impact on marketing performance, there is a positive connection between knowledge sharing and marketing performance, innovation types have a positive influence on knowledge sharing, and knowledge sharing was found to completely mediate the association between innovation types and marketing performance. The results clarify that innovation types, knowledge sharing, and marketing performance play a vital role in the success of SME in emerging economies and the indisputable fact that managers and owners of such businesses need to pay attention to these concepts and use them to their advantage.

Open Access Original Research Article

A TAM Approach of Studying the Factors in Social Media and Consumer Purchase Intention in Hong Kong

Anthony Tik-tsuen Wong

Journal of Economics, Management and Trade, Page 1-17
DOI: 10.9734/JEMT/2018/44080

In order to do all these commercial activities in an effective and efficient way, using the online social media platform is a suitable choice. This research studies that perceived risk, perceived usefulness, trust, and electronic word-of-mouth are the four predictors of consumer purchase intention. It is noteworthy that the results of this study show that perceived usefulness, perceived risk and electronic word-of-mouth are the key factors affecting customers’ decision in purchasing. The results show that the consumers’ relationship between their trust in the social media network platform information and the use of the product is not significant.

Open Access Original Research Article

Ukraine’s Relations and Trade with Russia: A Game-Theoretical Illustration

Fyodor I. Kushnirsky

Journal of Economics, Management and Trade, Page 1-13
DOI: 10.9734/JEMT/2018/44643

This paper briefly reviews Ukraine's industrialisation followed by a deindustrialisation in the post-USSR period. I construct an example called the ‘Donbas game' to illustrate the use of game theory for analysing deteriorated relations between Ukraine and Russia. Intuitively, the game’s best solution for Ukraine seems to accept separation by the rebellious republics, and for Russia to stop intervening in Ukraine’s affairs. However, the only Nash-equilibrium solution is obtained when respective strategies are (Regain territory, Keep intervening). In a game-theoretical formulation of trade between Ukraine and Russia, the dominant strategies lead to a Nash-equilibrium solution (Trade, Trade). Yet the perceived optimal solution is obtained when both players are concerned with harming the opponent by minimising the latter's payoff rather than maximising their own. 

Open Access Review Article

Conceptualizing an IFRS-based Criteria for Audit Exemption for Small Firms

Satinder Bhatia

Journal of Economics, Management and Trade, Page 1-10
DOI: 10.9734/JEMT/2018/44522

Criteria for audit exemption for small firms has varied greatly from country to country. Turnover-based criteria are now being combined with other parameters such as balance sheet total and number of employees in countries where mandatory audits are the norm. While some progress towards harmonization of such criteria has taken place in the EU, debate on this issue is still not widespread. At the same time, voluntary audits are also gaining ground and there has been sufficient debate in literature on the costs and benefits of such audits, particularly for small firms.  Yet, the criteria for audit exemption for small firms remains disparate. This paper looks at integrating the definition of small firms under IFRS for audit exemption. Since India has moved closer to IFRS with the issuance of Revised Indian Accounting Standards (Revised Ind AS) in 2016, debate on such integration would be useful.