VOLUME 8 ISSUE 2 JUNE 2023
FRONT PAGES
Walking tourism management based on tourists’ needs for indoor and outdoor activities in the function of sustainable local economic development
Danka Milojkovic, Milena Nikolic, Hristina Milojkovic
Pages: 1-18
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP152
An explorative study regarding the relationship between the Light Triad of personality, counterproductive work behavior and organizational citizenship behaviour
Romascanu Marius Constantin & Stanescu Dan Florin
Pages: 19-28
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP153
Monetary policy and manufacturing export performance in SSA: Evidence from Panel ARDL modelling
Hope E. Agbonrofo, Ajibola Olusegun, Biola Phillip
Pages: 29-38
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP154
The impact of the financial position elements changes on the market capitalization of InsurTech companies: A standard study on a sample of companies operating in the U.S. insurance market using panel models
Anis Derradji & Metarref Aouatef
Pages: 39-52
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP155
Strategic management of local economic development in Georgian municipalities: A review of municipal and private sector dialogue
Zura Gamtenadze
Pages: 53-59
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP156
Demand and supply-side determinants of financial inclusion: A case study of micro, small and medium enterprises in southwest Nigeria
Dorcas Funmilola Oke & Temitope Wasiu Adamson
Pages: 61-73
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP157
Abstract This study examined the demand and supply-side factors that influence financial inclusion among micro, small and medium enterprises (MSMEs) in Southwest Nigeria. The study used the survey research design and primary data was sourced with the use of questionnaire. More specifically, the study employed a multivariate regression model. The findings on the determinants of financial inclusion revealed that the major constraint to access to finance by MSMEs was high interest rate charged on loan, while poor infrastructural facilities was a major constraint hindering financial inclusion from the supply-side view. The regression results on demand-side determinants revealed that bank services awareness positively and significantly drives access to, usage and quality of financial services (used as proxy for financial inclusion) of MSMEs. On the other hand, availability of other means of savings aside from bank negatively affects the access to, usage and quality of financial services, income constraint, illiteracy and lack of trust in financial institution negatively drive financial inclusion. Similarly, supply-side determinants such as transaction cost/charges, bank distance, collateral requirements, difficulty to withdraw, and interest rate negatively drive access to, usage and quality of financial services. The study recommends that the borrowing interest rate should be attractive to encourage continuous access to loanable funds. Financial providers should build an effective and well-functioning financial system that offers affordable and sustainable financial services to MSMES.

Comparative study of the impact of oil price shock on inflation with its impact on inflation determinants in Algeria
Merouane Bensenouci & Abdelkader Sahed
Pages: 75-86
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP158
Abstract This paper aims to compare and determine the impact of oil price shocks on inflation and on its determinants in Algeria during the period 1975-2021. By using the structural vector autoregression (SVAR) model. Our empirical results found that the oil price shock had a greater impact on the determinants of inflation, such as the exchange rate, money supply, and imported goods, than on inflation itself. Moreover, the response of exchange rate to the oil price shock was significant and negative in the short and long run. Nevertheless, the response of imported goods and money supply to the shock was positive. Whilst the response of inflation in Algeria to the oil price shock was weak and negative. In addition, the results of analysis variance showed that oil price shock has a weak contribution to explaining the changes in inflation rates, in contrast to its contribution to the observed changes in inflation determinants.

Awareness strategies of islamic banking system: Evidence from Malaysia
Akilu Aliyu Shinkafi, Sani Yahaya, Ahmed Ibrahim Mohammed, Nor Aini Ali
Pages: 87-94
Published Online: 1 June 2023
DOI: https://doi.org/10.19275/RSEP159
Abstract The foundation for the growth and success of every firm is awareness. Unquestionably, the active awareness that may motivate customers to comprehend and apply Islamic financing products in the Islamic banking sector is a key factor in the success of the Islamic banking industry. The study examined the Islamic banking system's awareness-raising tactics using information from Malaysian experience. Face-to-face interview was used in a manner of qualitative method. The data were analysed using descriptive and thematic approaches. The findings indicate that customer awareness, knowledge of Islamic financing products and services, public awareness, and national and international awareness are all methods of Islamic banking awareness practice in Malaysia. The findings also demonstrate that the fundamental objective of the Islamic banking sector primarily relates to patronage and investment, which might be achieved by raising awareness of Islamic financing solutions. Additionally, the outcome shows that Islamic banks, Malaysia's central bank, and the government must step up their efforts to raise awareness in the nation. Therefore, the study has implications for Malaysian Islamic banks specifically and the global Islamic banking industry generally by increasing the capital base of the banks and increasing banking business activities through the adoption of new customers who became aware of Islamic banking modalities, operations, and products. These capital increases and boosts in the Islamic banking industry and have an impact on the profitability, banking performance, Islamic micro investments, SMEs, and new businesses from an economic perspective.

Published Online: 1 June 2023

Published Online: 1 June 2023