Chaturaporn Sihabutr , Sakkarin Nonthapot (2021). The Effects of Economic Factors on Sustainable Community-Based Tourism in Upper Northeast Thailand. International Journal of Management and Sustainability, 10(3): 79-91. DOI: 10.18488/journal.11.2021.103.79.91
This research aimed to study the effects of economic factors on the success of sustainable tourism development in communities in Upper Northeast Thailand, as well as to study the indicators of success for sustainable tourism development in communities in the area. A questionnaire was used to collect 400 samples from four provinces: Loei, Nong Khai, Bueng Kan, and Nakhon Phanom. Quota sampling was used to ensure 100 samples per province along with convenience sampling. Exploration factor analysis (EFA) and confirmatory factor analysis (CFA) were carried out. The results revealed that the economic factors affected the success of sustainable tourism development in the communities, which was measured by the indicators of community-based tourism (CBT) in all five dimensions. The indicators in the dimension of sustainable tourism management had the greatest influence on sustainable tourism development. The results suggest that the concerned agencies should set economic motivation policies and should educate about quality community management and development to help expand the economy in the communities in order to create income, generate employment, and increase the standard of living for people in the communities.
The paper’s primary contribution is the finding that economic factors enable the promotion of sustainable tourism development in comunities and function as a tool for tourism economics and policy making in the development of tourism at the macro level.
Assessing Banks Managerial Efficiency during the Covid-19 Pandemic: Evidence from Selected Nigerian Banks
Eleazar Goddey Akobundu , Justina Oboreh , Edirin Jeroh (2021). Assessing Banks Managerial Efficiency during the Covid-19 Pandemic: Evidence from Selected Nigerian Banks. International Journal of Management and Sustainability, 10(3): 69-78. DOI: 10.18488/journal.11.2021.103.69.78
This study analyzes the effects of COVID-19 on the managerial efficiency of commercial banks in Nigeria by analyzing secondary data relating to five (5) sampled commercial banks, the stocks of which are currently traded on the country’s equity market. The five banks were purposely selected, and the secondary data obtained were analyzed using descriptive and diagnostic tests, along with the structural equation model and regression technique. The results of this analysis indicate that the outbreak of COVID-19 significantly influenced the managerial efficiency of the five banks studied here. Given this result, we recommend that banks should continually develop and improve on the level of e-channel penetration by customers, as this will largely keep banking transactions from being disrupted by shocks – whether external or internal. Also, the country’s apex bank and other regulatory bodies should ensure that the peculiarities of Nigeria’s economy and markets are clearly understood, so that the design and implementation of policies and strategies meant to cushion the effects of perceived external threats (such as a pandemic) on banks and the economy as a whole will be purposeful and effective.
This study contributes the first empirical analysis in the Nigerian context that uses weekly stock price data, reported COVID-19 cases and the lockdown policy to address the impact of the COVID-19 pandemic on the managerial efficiency of banks.