Vol. 27 No. 1 (2024)

Articles

• Open Access Article Financial Management

  The Role of Strategic Financial Management in Enhancing Corporate Value and Competitiveness in the Digital Economy

  Israr Ahmad

  pp. 1-08 Abstract views: 0 Downloads: 0 https://doi.org/10.36923/economa.v27i1.116

  Abstract: This study examines how strategic financial management boosts SMEs' corporate value and competitiveness in the fast-changing digital economy. As digital technologies change market landscapes, SMEs face unique challenges and opportunities in aligning their financial strategies with digital transformation. This mixed-methods study combines quantitative regression analysis with qualitative interviews with senior management from technology, finance… Read More: The Role of Strategic Financial Management in Enhancing Corporate Value and Competitiveness in the Digital Economy

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• Open Access Article Financial Management

  Adaptive Market Hypothesis And Overconfidence Bias

  Manel Mahjoubi, Jamel Eddine Henchiri

  pp. 8-16 Abstract views: 0 Downloads: 0 https://doi.org/10.36923/economa.v27i1.237

  Abstract: This paper examines the effect of excessive investor confidence on market efficiency. We study this impact for 21 developed markets and 25 emerging markets for a period from January 2006 until June 2020. First, we estimate weak market efficiency using the auto-correlation test (Ljung-Box, 1978). Thus, based on the adaptive approach, we assume that the overconfidence of investors has a negative impact on market efficiency. Concerning the… Read More: Adaptive Market Hypothesis And Overconfidence Bias

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• Open Access Article Economics

  Impact of the COVID-19 virus on MENA stock market

  Sirine Ben yaala, Jamel Eddine Henchiri

  pp. 17-26 Abstract views: 0 Downloads: 0 https://doi.org/10.36923/economa.v27i1.238

  Abstract: This study examines the influence of contagious infectious diseases, specifically COVID-19, on stock market behavior. With the global emergence of COVID-19, we have witnessed not only the health implications of a pandemic but also its profound social and economic repercussions, exacerbated by the implementation of lockdown measures. Utilizing panel data analysis, we assess the impact of disseminated information regarding the virus on the stock… Read More: Impact of the COVID-19 virus on MENA stock market

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• Open Access Article Economics Finance

  Impact of Financial Behavior And Experience on Financial Literacy: A Study of Universities In Pakistan

  Ali Raza, Turgut Tursoy, Erum Shaikh, Mumtaz Ali

  pp. 27-37 Abstract views: 0 Downloads: 0 https://doi.org/10.36923/economa.v27i1.240

  Abstract: The aim of this research is to investigate the impact of financial behavior and experience on the financial literacy of university students. The study employs a primary approach to data collection utilizing questionnaires. The targeted population consists of students from various universities in Pakistan, with a sample size of 250 students chosen through random sampling. Regression analysis reveals a positive and statistically significant… Read More: Impact of Financial Behavior And Experience on Financial Literacy: A Study of Universities In Pakistan

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• Open Access Article Economics

  Does Peer Matters? How Peer Influence Firm Payout Policies: Evidence from Pakistan

  Sana Saleem, Arwah Asif, Mohammad Usman, Mohammad Haseeb Khokar

  pp. 38-55 Abstract views: 0 Downloads: 0 https://doi.org/10.36923/economa.v27i1.242

  Abstract: Payout decisions are receiving more interest from an investor’s point of view. The purpose of this study is to investigate the effect of peer payout policies on a firm payout policy in Pakistan. This study employs an instrumental variable technique to overcome the endogeneity issue, which is based on peers' idiosyncratic equity shocks. The peers' payout policies have a causal link with a firm payout policy. The effect of peer pressure on firm… Read More: Does Peer Matters? How Peer Influence Firm Payout Policies: Evidence from Pakistan

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