Journal of International Business, Economics and Entrepreneurship

Financial Literacy, Retirement Planning, and Demand for Life Insurance: Evidence from Lagos State-owned Tertiary Institutions

Sunday Stephen Ajemunigbohun — 2024-11-06

Financial literacy is a protective tool for ensuring quality retirement life through annuity life insurance policy. The study assessed how financial literacy measures and retirement planning impact the demand for life insurance among university instructors at tertiary institutions owned by Lagos State. The research study used a cross-sectional survey research design, incorporating multiphase sampling approaches. Completed structured questionnaire from two hundred and seventy-three respondents were gathered from university lecturers in Lagos State-Owned tertiary institutions, and data were analysed using simple frequency percentages and multiple regression technique. Although there is a positive correlation between financial attitude, financial knowledge, and financial behaviour with the demand for life insurance, the variable of financial confidence shows an inverse correlation. The demand for life insurance is positively and significantly influenced by retirement planning. Therefore, it is recommended that ongoing endeavours be made to educate the general population on the significance of life insurance for improved financial planning. This, in turn, helps insurers to understand and serve suitable insurance plan that fits their clients’ financial plan.

Consumer's Intentions Towards E-Wallets in the Philippines: A Systematic Literature Review

Shekina Rejean Bacamante — 2024-11-06

Technology advancements and the internet's growth have contributed to the era of a cashless economy via electronic wallets (e-wallets). Several factors influence the usage of these electronic wallets. The main objective of this study is to review the increasing number of studies on consumers' intention to use e-wallets. A Systematic Literature Review (SLR) was employed, and works of literature were prepared using the Funneling Method. 110 articles were filtered, but only 15 were reviewed after screening using the criteria made by the researcher. This method is used to narrow down articles step-by-step and examine research data. Results showed that the most often mentioned factors influencing users' intentions to use e-wallets were security, perceived ease of use, trustworthiness, and usefulness. The most significant one was security, indicating how important it is for users to have confidence in the security of their transactions.

Malaysian Graduates Employability in Post Covid-19: A Swot Analysis

Sing Yun Wong — 2024-11-06

The widespread impact of the COVID-19 pandemic has disrupted numerous facets of life, including education, career paths, and employment opportunities, affecting individuals, communities, and economies worldwide. This study delves into the realm of employability among Malaysian graduates post the COVID-19 crisis. Malaysia, known for its distinct socio-economic landscape, offers a captivating backdrop to explore the diverse challenges and opportunities faced by graduates seeking stable and meaningful employment in the aftermath of the pandemic. Employing SWOT analysis, this research comprehensively investigates the employability experiences of recent Malaysian graduates by drawing insights from a focused selection of literature concerning graduates' employment and its interplay with the Covid-19 situation. The study's outcomes highlight the critical need for adaptive policies and educational initiatives tailored to equip graduates with the essential skills and adaptable mindset required to excel in an evolving post-pandemic job market. Above all, the study underscores the significance of understanding and addressing the unique nuances of the Malaysian context while offering insights that can potentially benefit other regions grappling with similar employability challenges triggered by the pandemic's aftermath.

Predicting Customer Purchase Monetary with Advertising

Hui-Hsin Huang — 2024-11-06

This paper constructs a stochastic model to describe customer’s on-line shopping spending and e-commerce effects. This paper focuses on the reflection of advertising effect which can directly predict customer spending. It assumes that customer purchase monetary can be composed by adverting volumes and its lagged effect which is the duration that customer is still interested to this product after exposing the advertising. Based on these two variables, it can be calculated the probability distribution and the expected value of purchase monetary. The empirical data which is from an online shopping site of women clothes, bags and shoes is demonstrated to estimate the parameters of the proposed model. When the customers browse the web page, and the popup ad of relative product will show up. The unit of observation time is a month (30 days). It can obtain the data of advertising effect from the volumes of popup ad when this customer starts to browse the site and the data of spending amount. It shows the proposed model has good fitness with empirical data. This result can be applied to company profit management through measuring the ad effects to predict customer monetary spending.

Poor Financial Management in South African Municipalities: Assessing Factors Contributing to Undesirable Audit Opinion

Mamahlodi Mashabela — 2024-11-06

South African municipalities are the entities closest to citizens in local communities across the country, and they are required to provide services to them. The sustainable provision of services is heavily reliant on sound public finance management in all levels of government. It is unfortunate that municipalities in South Africa are failing to effectively manage and use public funds to improve service delivery. Most South African municipalities have received negative audit opinions for years, and their current financial situation is deteriorating year after year. This is concerning for a country that has recently celebrated 30 years of democracy; it is unfortunate that democratic gains are being reversed due to issues within South African municipalities such as irregular, fruitless, and wasteful expenditure, non-compliance, a lack of skills, a lack of consequence management, political infighting, corruption, and poor leadership, to name a few. Citizens are the ones who pay the price at the end of the day when services owed to them are not delivered by municipalities due to poor financial management. The objective of this paper is to examine the causes of unsatisfactory audit outcomes in the South African local government sector and recommend solutions to for improving financial management in South African municipalities. To achieve this objective, a systematic literature review was chosen as the appropriate research methodological strategy for this paper.

Open-Source Enterprise Resource Planning Systems for Small and Medium Enterprises: A Conceptual Framework

Kazeem Sulaimon — 2024-11-06

The growing importance of information management in the digital economy has exerted considerable pressure on small and medium enterprises (SMEs) to implement advanced innovations in technology. Nonetheless, the high costs and intricacy of conventional Enterprise Resource Planning (ERP) systems have constrained their uptake among SMEs. This conceptual study examines the feasibility of Open-Source ERP (OS-ERP) systems as a practical option for Malaysian SMEs, offering a conceptual framework that connects information management capabilities, entrepreneurial orientation (EO), and enterprise success. The article contends that OS-ERP systems can augment entrepreneurial performance by enhancing information integration, strategic decision-making, and enterprise agility. This approach seeks to guide future research and offer practical insights for SMEs and policymakers to encourage digital transformation.

ICT and Entrepreneurial Orientation as Drivers of SME Performance: Insights from Padang Pariaman Regency, Indonesia

Fivi Anggraini — 2024-11-06

This study aims to empirically examine the impact of the implementation of information communication and technology (ICT) and entrepreneurship orientation on the performance of SMEs in Padang Pariaman Regency, West Sumatra province of Indonesia. This research uses purposive sampling with a sample of 100 SMEs registered at the Department of Cooperatives and SMEs, Padang Pariaman Regency. The data collection method used in this study was a survey. Questionnaires were distributed by visiting SMEs to their place of business directly. The results empirically prove that ICT and entrepreneurship orientation have a significant effect on the performance of SMEs. This research only uses two independent variables, so it needs additional mediating or moderating variables, such as innovation and learning orientation. Likewise, the respondents of this study were only SMEs in Padang Pariaman Regency with various types of businesses. It is suggested that further research expands research objects such as the provincial level with one SME business. The implementation of ICT can provide benefits for the performance of SMEs in developing businesses and also to be globally competitive. Likewise, entrepreneurship orientation has a significant relationship with improving the performance and level of competitiveness of SMEs.

Consumer Online Buying Behavior on Social Media Platform in Malaysia: A Conceptual Paper

Farhan Nadia Bakly — 2024-11-06

The increased utilisation of social media platforms has been observed to influence consumer behaviour, particularly in online shopping context. This study aims to propose a conceptual framework regarding the factors influencing customer online buying behaviour on TikTok platform among younger generations for a Malaysian fragrance company. The method used for this conceptual paper is based on the literature reviews from journal articles related with the keywords and research area. This study proposed a conceptual framework to further identify and analyse the influence of brand awareness, product variety and psychological factors on online buying behaviour on TikTok. The framework will serve as a guideline for future academic research and practical industry applications by enhancing understanding of online buying behaviour among younger consumers in Malaysia’ fragrance market. The framework will help to inform strategic decisions for businesses and provide border implications for leveraging TikTok as a platform for e-commerce growth in the region.

Leadership, Teamwork and Person-Organization Fit as Determinants of Job Satisfaction: A Case Survey among Public Sector Employees

Siti Farhana Hasanudin — 2024-11-06

Employee and job satisfaction has been major research in management studies throughout the world. It is the main concern for organizations to measure the performance of individuals by how they carry out their responsibilities in a manner that contributes to the achievement of the organization's goals and creates satisfaction feeling in their work. The purpose of this study is to examine the relationship between leadership, teamwork and person-organization fit on job satisfaction. Employees at Department of Statistics Malaysia were taken as the respondents in this study. Self-administered questionnaire used for collection of data. 80 questionnaires were distributed among above mentioned organization and 80 responds were return, so the response rate was 100%. The result concludes that there is significant relationship between the leadership and teamwork with job satisfaction meanwhile person-organization fit is not significant. Several recommendations were put forth in this study for the organization in promoting job satisfaction as well as recommendations for future research.

Uninsured Motorists’ Risk Attitudes and Pedestrian Road Safety: Evidence from Metropolitan Lagos, Nigeria

Sunday Stephen Ajemunigbohun — 2024-11-06

With the increasing prevalence of uninsured vehicles in urban areas, motorists’ behaviours on pedestrian safety are crucial for developing effective road safety strategies. This study investigated the happenings around uninsured motorists’ risk attitudes and pedestrian road safety in metropolitan Lagos, Nigeria. Using the survey approach cum the two-way sampling techniques comprised of purposive and convenience, data were gathered to analyse the behavioural dispositions of uninsured motorists and their implications on pedestrian road safety. The study adopted a structured questionnaire as a research instrument for data collection from a sample population of 209. The data analytical employed was descriptive statistics comprised of simple frequency percentages presented in tabular form and bar chart description. Findings revealed, based on pedestrian opinions, that uninsured motorists display riskier driving behaviours, such speeding and reckless driving pattern; which was found prevalent among commercial uninsured motorists. In addition, insufficient implementation of insurance regulation and socio-economic factors contributed to the proliferation of uninsured vehicles. The study also showcased the descriptive analysis of uninsured motorists’ risk attitudes towards pedestrian road safety. Further finding presented a descriptive analysis of pedestrians’ road safety metrics on Lagos roads. Then, the study accentuates the urgent need for comprehensive policy intervention targeting uninsured motorists, including stricter application of insurance laws, public awareness campaigns, enhanced infrastructure to improve pedestrian safety in urban environment, like metropolitan, Lagos, Nigeria and in similar contexts in other African cities and beyond. Thus, insurance practitioners, especially motor insurance providers, should synergise their efforts to improve the accessibility and affordability of insurance for motorists, particularly, the low-income individuals; by creating flexible payment options, and subsidising insurance premiums. Lastly, local communities should engage with other stakeholders in the transport industry to ensure road safety culture, promoting responsible driving behaviour and encouraging compliance with insurance regulation.

Understanding Consumer Behavior in Kuching’s Black Market Gambling: The Psychological, Economic and Regulatory Impacts of Illicit Gambling Markets

Rudy Ujang — 2024-11-06

This study investigates the social, psychological, economic, and regulatory elements that influence Kuching, Sarawak, residents' involvement in illegal gaming. Using a non-probability purposive sampling technique and a structured questionnaire, data were gathered from 366 respondents. To get a wide variety of respondents, the survey was administered online. Key findings show that social influence, financial difficulty, and psychological pressure all strongly influence gambling behavior, with accessibility to illicit internet gambling platforms appearing as a key contributing factor. The study also shows that the problem is made worse by lax regulatory enforcement, which lets players bet with little concern about potential legal consequences. Regression analysis shows that both psychological health and economic stability are significantly harmed by consumer involvement in black market gaming. To address the root reasons of gambling habits, the study suggests community-based initiatives, economic interventions, the creation of legal alternatives, and more stringent regulation and oversight of online gaming platforms.

Influence of App Usability and Learning Environment on Student Behavior in Mobile-Based Marketing Education in Malaysian Higher Learning Institutions

Rozita Naina Mohamed — 2024-11-06

The increasing integration of mobile-based platforms in higher education, particularly within marketing education, has transformed learning dynamics by enabling students to engage through accessible digital tools. However, while internet and smartphone usage continue to grow in Malaysia, student engagement levels with mobile learning apps remain inconsistent. This study investigates how app usability (ease of use) and the learning environment influence student engagement behaviors within mobile-based marketing education in Malaysian higher education institutions. Using a quantitative approach, data were collected through a survey of 115 marketing students from public and private universities in Malaysia who have experience learning through mobile apps. The analysis, conducted using SPSS, indicates that both app usability and a supportive learning environment significantly contribute to positive student engagement behaviors, such as increased participation. The findings highlight that an intuitive, easy-to-use mobile platform within an encouraging educational environment fosters higher engagement in digital learning settings. This research provides valuable insights for educators and developers of mobile learning tools, underlining the need to prioritize usability and environmental support to optimize student engagement. The study’s implications can inform strategies for enhancing student interactions with digital marketing content, offering practical guidance for stakeholders aiming to elevate mobile-based educational experiences in Malaysia’s higher education sector.

Environmental Justice in the Age of Energy Transition: A Case Study of Shell's Operational Impact on Bayelsa State Ecosystem (2000-2023)

Tamaramiebi Timidi — 2024-11-06

This study investigates environmental justice within the context of the ongoing energy transition, focusing on the shell's operational impact on the ecosystem of Bayelsa State, Nigeria. It assesses the effects of shell's activities on local communities, particularly regarding environmental degradation and socioeconomic well-being. The research employs a descriptive design, surveying 290 respondents, including chiefs, community leaders, youths, and opinion leaders from ten purposively selected oil-producing communities in Bayelsa State. Data were collected using a self-designed questionnaire on environmental justice concerns and Shell's operational impact, with responses measured on a four-point Likert scale. The questionnaire's validity was ensured through expert review, with reliability confirmed by a Cronbach's alpha of 0.73. Data collection, achieved with a 91% response rate, involved frequency counts, percentages, means, standard deviations, and independent linear regression to test the null hypothesis at a 0.05 significance level. The findings reveal a statistically significant relationship between Shell's operational activities and the degradation of Bayelsa State's ecosystem. Additionally, the study discovered that community resistance significantly influences corporate accountability, with Shell's operations detrimentally affecting environmental justice and ecological integrity in the region. Thus this research contributes to the broader discourse on environmental justice during the energy transition, offering specific recommendations for Shell to adopt a human rights-based approach to its operations, emphasizing ecological restoration to address the environmental and social harms caused by its activities in oil-producing regions.