REVIEW ARTICLE | Nov. 5, 2022
A Miniscule Exploration of the Libyan Stock Market
Wellington Garikai Bonga, Puruweti Siyakiya
Page no 358-363
The formation of the Libyan Stock Market (LSM) has been greatly affected by instability in the country. The stock market has been active, inactive, active and inactive since its inception in 2006. On the other end, there has been a growing concern and existence of constant pressure to activate the stock market for the benefit of the economy. The factional disagreements and a weak security environment that persist pose heavy challenges for developing and re-activating the stock market. The economic outlook for Libya remains uncertain. It remains difficult to forecast economic outcomes with any degree of confidence because of high uncertainty linked to political and security developments. The times when the stock market was active, significant contribution was brought to the economy, and such has been confirmed by many stakeholders. If re-activated the LSM is expected to play vital role in capital supply for investment, which in turn drive economic development in Libya. For effective contribution, LSM should be established on strong and stable foundations.
REVIEW ARTICLE | Nov. 18, 2022
The Impacts of Transportation Infrastructure on Economic Openness in Yangtze River Delta of China
Page no 364-377
The paper discusses the impacts of transportation infrastructure on economic openness within the 27 major cities of Yangtze River Delta of China. Through reviewing relevant literatures, it forms an influencing mechanism and research path based on the theories of New Economic Geography and comparative advantages. In the empirical test, the whole research chooses the panel data from the year 2005 to 2020 to observe the spatial autocorrelation through Global Moran Index (Moran’s I) and Local Moran Scatterplots. Then, the paper builds an econometric function on the basis of Spatial Durbin Model (SDM) to measure the regression results and then decompose the effects. According to the test results, it can be concluded that transportation infrastructure generates positive impacts on economic openness and there truly exists the spatial spillover effect in the Yangtze River Delta. Finally, the paper gives proposals from three aspects which are combined with the policies on integration construction of national strategic deployment of China.
ORIGINAL RESEARCH ARTICLE | Nov. 26, 2022
Consequences of Money Laundering and Persisting Losses of the Country: A Reference of Bangladesh
Page no 378-387
Money laundering is a multidisciplinary issue that has gained prominence since the late 1980s. The word "laundering" literally means "to wash" or "to remove dirt." It's been characterized as the transformation of illegal proceeds into assets that can't be linked to the original crime. Money is frequently transferred from one sector to another, and the same money is frequently transferred to another sector in such a way that it is challenging to identify the source. As a result, law enforcement is unable to identify the illicit source. This means through the transaction cycle; money laundering is the process of legalizing black money or transferring the amounts as lawful revenue while hiding the source of the money received. The objective of the study is to have a thorough understanding of the money laundering scenario and how it affects the domestic and global economy, assess the money laundering challenges facing financial institutions, and offer strategic methods for financial institutions to mitigate the risks. Bangladesh is a victim of money laundering and other forms of financial crime. In many ways, the competent authority provides additional opportunities to whiten money. This study first identifies the necessity of anti-money laundering for public and private banks and non-bank financial institutions operating in Bangladesh. The major finding is recurrent amnesties harm corruption and money laundering in Bangladesh. Corruption and money laundering in Bangladesh are projected to decrease if this report adopts recommendations. This will ensure fairness in society in many ways, such as prohibiting criminal activity and will help to prepare sustainable development programs and their achievement and allow honest taxpayers to purchase properties on an equal footing. Bangladesh's government should cooperate with other nations to combat money laundering and constantly upgrade its methods for enforcing laws and regulations.
ORIGINAL RESEARCH ARTICLE | Nov. 29, 2022
The Impact of Balanced Scorecard on Firm Value Evidence from the Saudi Listed Companies
Hailah Helel ALenazy, Ibrahim Mustafa Sweiti
Page no 388-405
The study aimed to identify the effect of the balanced scorecard on the company's value in the listed companies in the Saudi market. To achieve this goal, this study relied on the survey method. Were received (72) questionnaires; the data were analyzed using descriptive-analytical methods by subjecting the data obtained from the questionnaire to statistical analysis using the Statistical Package for Social Sciences program to test the research hypotheses to reach the results. This study showed that there study's most important results showed a positive and statistically significant impact of the balanced scorecard with its four dimensions on the company's value. Saudi joint stock companies have a clear strategic plan for all parties involved in implementing the program, in addition to a performance evaluation mechanism for the companies under study, and this is done by linking the vision to the goals, as well as a high degree of availability. Effective management systems help achieve the company's vision and strategy, contributing to adding value. In light of the results, the researcher recommended the importance of constantly developing the balanced scorecard model to accommodate the successive developments in the competitive business environment.