International Journal of Business, Economics and Management

Published by: Conscientia Beam
Online ISSN: 2312-0916
Print ISSN: 2312-5772
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No. 5

The Impact of Covid-19 Pandemic on the Stock Market Performance: A Study on Dhaka Stock Exchange (DSE)

Pages: 390-408
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DOI: 10.18488/journal.62.2021.85.390.408

Tarik Hossain , Taslimun Nesa , Md. Shaikh Ud Dowla , Farjana Akter

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Tarik Hossain , Taslimun Nesa , Md. Shaikh Ud Dowla , Farjana Akter (2021). The Impact of Covid-19 Pandemic on the Stock Market Performance: A Study on Dhaka Stock Exchange (DSE). International Journal of Business, Economics and Management, 8(5): 390-408. DOI: 10.18488/journal.62.2021.85.390.408
The endemic of the COVID-19 pandemic caused by coronavirus has stroked everywhere of the world, including capital markets. This research intends to examine the effect of the COVID-19 pandemic on the performance of stock markets of Bangladesh. For this purpose, daily panel data from March 01, 2020, to June 27, 2021, a total number of 286 days’ data have been used. The influence of Covid-19 on the DSE has been quantified by regression analysis using DSE indexes like DSEX and DSE30 as the dependent variables. Daily new confirmed cases and deaths of the world and Bangladesh, lockdown imposed in Bangladesh are used as the independent variables. Inflation rate, bank rate, interest rate of deposit, interest rate of loan and advance, exchange rate, and gold price are used as the control variables. The study found an alarming impact of the Covid-19 pandemic on the stock market indexes of DSE. The daily new confirmed cases of the world and Bangladesh, Bank rate, inflation rate, interest rate of deposit has a significant negative impact on the DSE indices, while the daily deaths in the world and Bangladesh, interest rate of loan and advance, and gold price has a significant positive relationship with DSE indices. This study also found that lockdown imposed in Bangladesh for controlling the Covid-19 is significant negatively related with DSEX index and significant positively related with DSE30 index. The recommendations will help the investors, policymakers, regulatory authority, and governments to make proper decisions for combating the pandemic crisis.
Contribution/ Originality
This research is one of the few crucial pieces of research determining the impacts of the Covid-19 pandemic on the capital market in Bangladesh. This research is one of the fundamental researches of a developing country that uses the Covid-19 information of the world and Bangladesh.

The Role of Emotional Intelligence in Project Success, Mediated by the Management of Conflict, Communication and Trust

Pages: 372-389
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DOI: 10.18488/journal.62.2021.85.372.389

Samir Cavaletti , Flavio Santino Bizarrias , Renato Penha , Luciano Ferreira da Silva

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Samir Cavaletti , Flavio Santino Bizarrias , Renato Penha , Luciano Ferreira da Silva (2021). The Role of Emotional Intelligence in Project Success, Mediated by the Management of Conflict, Communication and Trust. International Journal of Business, Economics and Management, 8(5): 372-389. DOI: 10.18488/journal.62.2021.85.372.389
Companies have widely used project management to face the fast-paced challenges of today's business environment. In addition to the techniques and procedures available in this area of knowledge, personal skills have been growing as tools for project success. Emotional intelligence (EI) has been studied as a soft skill that is prominent as a research topic. Although, extant literature does not discuss how EI influences project success when team management aspects, such as relationship conflict management, communication management, and trust-building, are put into place. This study aimed to determine how emotional intelligence influences the success of projects and under the mediating effect of these team management aspects. A quantitative survey was carried out, with data collected by survey (n=280) and analyzed through structural equation modeling and multiple regression analysis for the mediation's effects, complemented by a latent class analysis to profile the emotional intelligence in the sample. The results showed that emotional intelligence positively influences project success mediated by executive actions of managing conflicts, communication, and trust. Three distinct emotional intelligence profiles were also observed, with significant differences between the extremes, concerning the studied constructs. As a contribution to this research, findings advance the understanding of the relationship between emotional intelligence and project success, which is conditioned by the executive actions of team management.
Contribution/ Originality
This study contributes to the existing literature helping explain the complex relationship between emotional intelligence and project success by identifying and confirming three different mediating effects with Relationship Conflict Management, Communication in the Project Team, and Trust Establishment.

Analysis of Factors Affecting Capital Structure and the Impact on LQ-45 Share Price in 2015-2018

Pages: 358-371
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Analysis of Factors Affecting Capital Structure and the Impact on LQ-45 Share Price in 2015-2018

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DOI: 10.18488/journal.62.2021.85.358.371

Fikri Arlan , M Noor Salim , Augustina Kurniasih

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Fikri Arlan , M Noor Salim , Augustina Kurniasih (2021). Analysis of Factors Affecting Capital Structure and the Impact on LQ-45 Share Price in 2015-2018. International Journal of Business, Economics and Management, 8(5): 358-371. DOI: 10.18488/journal.62.2021.85.358.371
This study aims to test and analyze the factors that affect the capital structure and its impact on the LQ-45 Share Price in 2015-2018. Research data is annual data for an observation period of 4 years (2015 to 2018). The sampling method used was purposive sampling. From a population of 45 companies, 31 companies meet the criteria to be sampled. The analysis method used in this research is regression panel data. The results showed that the Return on Assets, Return on Equity, Net Profit Margin together (simultaneously) have a significant effect on the Debt Equity Ratio and Return on Assets, Return on Equity, Net Profit Margin, and Debt Equity Ratio together ( simultaneous) has a significant effect on Share Prices. Partially, Return on Assets has a significant negative effect on Debt Equity, Return on Equity significantly positive effect on Debt Equity Ratio while Net Profit Margin has zero results on Debt Equity Ratio In Part, Return on Assets, Return on Equity and Net Profit Margin have no significant effect because of Share Prices and Debt Equity Ratio has a significant negative result on Share Prices.
Contribution/ Originality
This study is one of very few studies which have investigated factors affecting capital structure and the impact on share price.

Relational Capabilities under Moderating and Mediating Effects to Understand their Impacts on Firm Financial Performance

Pages: 332-357
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Relational Capabilities under Moderating and Mediating Effects to Understand their Impacts on Firm Financial Performance

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DOI: 10.18488/journal.62.2021.85.332.357

Angelica PIGOLA , Priscila Rezende DA COSTA , Fernando Antonio Ribeiro SERRA

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Angelica PIGOLA , Priscila Rezende DA COSTA , Fernando Antonio Ribeiro SERRA (2021). Relational Capabilities under Moderating and Mediating Effects to Understand their Impacts on Firm Financial Performance. International Journal of Business, Economics and Management, 8(5): 332-357. DOI: 10.18488/journal.62.2021.85.332.357
Relational Capabilities (RC) appear are valuable capabilities not only for performance but also to generate profitability. In this vein, this study performed a meta-analytic investigation of RC dimensions influencing firm financial performance. It also examined the role of mediating and moderating effects of knowledge management and partners integration influencing this association. From a meta-analytic procedure, 54 empirical studies were examined through random-effects model of Pearson’s correlations as the effect size and a meta-analytical regression analysis (MARA) to examined moderation effects and meta-analytical structure equation modeling (MASEM) to examined mediation effects. Our findings confirm that firm financial performance is impacted directly and positively by RC itself excepting by the intrafirm relational capacity dimension. We also find that knowledge management and partner integration do not mediate positively the effect RC on firm financial performance. Further, RC dimensions effects on firm financial performance vary positively and negatively across partner integration and knowledge management moderation effects.
Contribution/ Originality
This study challenges RC into firms’ business ecosystem as one of their sources of growth to create several opportunities. Therefore, by indicating a potential evolution of this dynamic capability in a more financial favorable comprehension, this article contributes to society, economy in general and to the science of business management.

Financial Instability and the State of Environmental Quality in Nigeria

Pages: 318-331
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DOI: 10.18488/journal.62.2021.85.318.331

Ibrahim Muhammad Adam , Aminu Hassan Jakada , Ali Umar Ahmad , Ismail Aliyu Danmaraya , Abdullahi Daiyabu Marmara , Abdul-azeez Abubakar

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Ibrahim Muhammad Adam , Aminu Hassan Jakada , Ali Umar Ahmad , Ismail Aliyu Danmaraya , Abdullahi Daiyabu Marmara , Abdul-azeez Abubakar (2021). Financial Instability and the State of Environmental Quality in Nigeria. International Journal of Business, Economics and Management, 8(5): 318-331. DOI: 10.18488/journal.62.2021.85.318.331
The study aims to look at the relationship between environmental quality and financial instability in Nigerian over the period of 1970 to 2019 respectively. The Autoregressive Distributed Lag (ARDL) model is used in estimating the short-run as well as the long-run relationship between financial instability and the quality of the environment. The results of the study reveal that financial instability has a significant and positive impact on CO2 emissions, implying that financial instability is lowering the quality of environment in Nigeria. In addition, consistency and strength are verified by the application of numerous tests of diagnostic. The research introduces new insights that would not only be of benefit in advancing prevailing research but may also be of specific concern to policymakers in the financial sector of the country and its starring role in enhancing the quality of the environment. The results recommend that to prevent financial instability and its effect on environmental degradation in the light of policy consequences, financial sector reforms should be implemented with great caution.
Contribution/ Originality
This study contributes to the existing literature as the first research considering Nigeria that establishes the Aggregate Financial Stability Index (AFSI) to investigate the relationship between financial stability and environmental quality. The AFSI is made up of sub-indices that measure the development, vulnerability, and soundness of the financial sector.