World Academy of Science, Engineering and Technology

Authors: Najibullah Arshad, Mohammad Darwaish Ahmadi, Ezatullah Karimi

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The rapid growth of social media has significantly influenced information accessibility, providing ideal platforms for connection and collaboration across various sectors, including non-governmental organizations (NGOs). The aim of this research is to study the impact of social media use on employee commitment among employees working at the International Medical Corps (IMC). Data was collected with a structured questionnaire from 88 employees at the International Medical Corps (IMC). The Data was analyzed using SPSS version 26. The result revealed that there is a significant positive relationship between social media & employees' commitment. The findings show that social media has the potential as an effective tool for fostering communication and enhancing workplace dynamics.

Keywords: social media, international medical corps (IMC), commitment, employee

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Authors: Rapheal Adekola Dada, Adesodun Isaac Adebayo

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This study investigated the impact of Total Quality Management (TQM) on the performance of Small and Medium Enterprises (SMEs) in Nigeria. The TQM components examined included continuous improvement (CIM), customer focus (CUF), and strategic management (STM). Data collected were analysed using ordinary least squares regression and analysis of variance (ANOVA) techniques. The findings indicated that continuous improvement, customer focus, and strategic management positively influenced the performance of SMEs. However, the study also revealed that employee training (TRA) and employee involvement (EPI) had a negative effect on SME performance in Nigeria. As a result, it is recommended that training programmes be tailored to employees’ needs through careful assessment, enabling them to identify opportunities to enhance their skills and understanding. This approach would support their contribution to improving the quality of production processes and, in turn, boost SME performance in Nigeria. In conclusion, an effective and efficient implementation of TQM can significantly enhance the performance of SMEs.

Keywords: quality management, strategic management, continuous improvement, customers’ focus, employee training, employee involvement, small and medium scale enterprises

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Authors: Solomon Yaw Agyeman-Boaten

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Natural disasters, economic crises, financial crises, and epidemics like COVID-19 necessitate a discussion about how different economies can manage their debt. Studies have shown high public debt and fiscal deficit in Africa and the ECOWAS region. Even in advanced countries, only a few remain safe from solvency risk. This study investigates the public debt sustainability among the Economic Community of West African States (ECOWAS). Annual panel data for the ECOWAS economies from the World Economic Outlook database from 2007 to 2023 is used for the analysis. Bohn's sustainability framework (fiscal reaction function) was employed to examine the sustainability of public debt in the ECOWAS region and verify the influence of public debt on primary balance. The IMF Debt-Sustainability-Analysis (DSA) framework is also utilised to make projections for public debt and evaluate the risks surrounding the predicted trajectories. The results show that the previous year's debt does not influence the primary balance in the region. Also, the nonlinearity of the primary balance could not be confirmed among ECOWAS economies. Hence, evidence of debt sustainability and the nonlinearity of the fiscal reaction framework could not be explained by the data from the ECOWAS region. On the other hand, real expenditure, real revenue, and inflation significantly influenced the primary balance of the region. Therefore, further studies are required to investigate debt sustainability in the region.

Keywords: debt sustainability analysis, fiscal reaction function, primary balance, public debt

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Authors: Abdeslam Hassani

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This study addresses the increasing environmental concerns faced by businesses due to regulatory and stakeholder pressures. It explores how big data analytics (BDA) and advanced technologies, particularly artificial intelligence, combined with corporate social responsibility (CSR), can foster green innovation and sustainable practices. The research builds on existing literature, highlighting the critical role of technologies and CSR in achieving sustainability goals. This research adopts a multidimensional approach, offering a more comprehensive understanding of the interplay between technologies, governance, and environmental policies. A qualitative methodology was chosen, involving a systematic literature review and semi-structured interviews with executives from Canadian companies. NVivo software will be used to analyze interview data, ensuring a rigorous approach to identifying key contextual factors. The cross-analysis of literature findings and interview insights will help validate theoretical constructs and develop a conceptual framework. This study contributes by providing both theoretical insights and practical recommendations. It offers executives actionable guidance on integrating CSR into strategic decision-making and aligning technological capabilities with sustainability objectives. This approach aims to improve firms’ competitiveness, ensure regulatory compliance, and enhance their role in promoting green innovation.

Keywords: big data analytics, corporate social responsibility, green innovation, advanced technology

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Authors: Lateef Damilare Olusesi

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This study will attempt to add to the limited literature on Nigerian Hospitality by exploring the role of sustainable leadership and green human resource management practices. The study will identify leadership perception of sustainable leadership practices, key perceptions based on behaviours, attributes, and skills if they differ across the hospitality sector in Nigeria, and how the identified perception compares to those found in previous research. Also, it explores the leadership competencies most valued in the Nigerian hospitality industry. Furthermore, assesses the benefits and risks of sustainability practices in the Nigerian hospitality industry; this will raise awareness for long-term sustainable practices through integrating renewable energy systems, reducing water and energy consumption, minimizing waste, and promoting an eco-conscious environment for both guests and employees. This will address challenges faced by all levels of management on sustainability practices, and how the influence of these practices will help the organisation to achieve its stated goals and remain competitive. Lastly, the study will propose a multi-level perception competence model (PCM) that contributes to the understanding of sustainable leadership. This competencies model will integrate knowledge, skills, and attitudes of sustainable leadership paradigms to establish a proposed multi-level model that will cut across top, middle, and lower management within the hospitality industry in Nigeria. Competencies in sustainability comprise knowledge, skills, and attitudes that facilitate effective task execution concerning real-world sustainability issues and opportunities. This model would facilitate sustainable leadership policies and strategies that are adaptable, collaborative, and centered on sustainability practices, prioritizing skills, and long-term sustainability objectives. Therefore, the specific objectives are; To examine the perception of sustainable leadership within the Hospitality industry. To identify the sustainable leadership competencies that are effective in the Hospitality industry. To investigate top, middle, and lower management's key challenges in adopting sustainable leadership.To develop a multi-level competencies-based model that contributes to the understanding of sustainable leadership Hospitality industry.

Keywords: sustainable leadership, green human resource mnagement, leadership, hospitality

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Authors: Jun-Jun Jia, Li Luo, Jinlan Ni, Chu Wei

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This paper investigates the impact of population age structure on carbon emissions in China. Using panel data from 30 provinces in China spanning from 1997 to 2020, the study estimates the heterogeneous effects of the working-age population (aged 15-64) on carbon emissions. The IV-MuGS-OR model is proposed to address the endogeneity and accommodate latent group structures in cross-sectional effects and slope coefficients. On average, across the 30 provinces, a one percentage point change in the working-age population share can lead to a 3.22% change in carbon emissions. However, the overall average impact varies significantly across the three identified heterogeneous groups of provinces, which differ from traditional classifications. A shrinking working-age share tends to reduce carbon emissions in provinces with high average carbon emissions while it increases emissions in provinces with median-level emissions. No significant impact is observed in provinces with low levels of carbon emissions. These findings suggest that varying policy intensities are crucial, given the heterogeneous impact of the working-age population share on carbon emissions across different emission levels.

Keywords: working share, carbon emissions, IV-MuGS-OR, heterogenous impacts, population aging, China

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Authors: Badrane Hasnaa, Bouzahir Brahim

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Crowdfunding has emerged as an innovative solution to address the financing needs of individuals and businesses marginalized by traditional financial systems. This participatory funding model promises to expand financial inclusion by opening access to resources once limited to conventional financial actors. However, a central question remains : does crowdfunding genuinely reduce inequalities in access to finance, or does it replicate existing biases ? This research focuses on the dynamics of equity within this financing model, shedding light on its challenges, opportunities, and the factors influencing its ability to meet the needs of excluded populations. Participation in crowdfunding campaigns often relies on several prerequisites, such as access to digital technologies, a certain level of financial literacy, and an understanding of platform mechanisms. These conditions can pose significant barriers, particularly in regions with limited technological infrastructure, thereby reinforcing exclusion for some groups. Furthermore, structural biases within crowdfunding platforms, such as algorithms favoring already popular projects, can create disparities in access to funding. Nevertheless, crowdfunding offers unique opportunities for financial inclusion. It enables the funding of projects that would otherwise go unsupported, particularly in socially or environmentally impactful sectors. Moreover, it fosters a direct relationship between project creators and investors, enhancing transparency and trust. This participatory approach also allows for the inclusion of local communities and traditionally underrepresented groups in the financial ecosystem. This study leverages empirical analyses and case studies to explore these dynamics. It assesses the impact of crowdfunding across diverse socio-economic contexts and identifies mechanisms that can enhance its effectiveness in promoting equitable financial inclusion. Key recommendations include improving financial literacy, developing accessible technological tools, and designing platform structures that prioritize inclusivity over popularity-driven dynamics. Additionally, policy interventions such as targeted regulatory frameworks can help address structural limitations while ensuring investor protection. The findings of this research contribute to a deeper understanding of crowdfunding’s role as a tool for democratizing access to finance. By addressing the existing challenges and leveraging its potential, crowdfunding can transition from being a mere alternative financing model to a transformative force in reducing financial inequalities. Ultimately, this study offers actionable insights into how crowdfunding can be optimized to serve as a vehicle for sustainable and inclusive economic growth

Keywords: crowdfunding, financial inclusion, equity, access to finance, marginalized populations, alternative finance, platform dynamics, financial literacy, digital inclusion, sustainable financing

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Authors: Francis Kwame Bukari, Maclean Acheampong Yeboah

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From collective hunting to contemporary financial markets, the concept of risk sharing in insurance has evolved significantly. In today's insurance landscape, statistical analysis plays a pivotal role in determining premiums and assessing the likelihood of insurance claims. Accurately estimating motor insurance claims remains a challenge, allowing insurance companies to pull much of their money to cover claims, which in the long run will affect their reserves and impact their profitability. Advanced machine learning algorithms can enhance accuracy and profitability. The primary objectives of this study encompassed the prediction of motor insurance claims through the utilization of Artificial Neural Networks (ANN) and Random Forest (RF). Additionally, a comparative analysis was conducted to assess the performance of these two models in the domain of claim prediction. The study drew upon secondary data derived from motor insurance claims, employing a range of techniques, including data preprocessing, model training, and model evaluation. To mitigate potential biases, a random over-sampler was used to balance the target variable within the preprocessed dataset. The Random Forest model outperformed the ANN model, achieving an accuracy rate of 90.33% compared to the ANN model's accuracy of 86.33%. This study highlights the importance of modern data-driven approaches in enhancing accuracy and profitability in the insurance industry.

Keywords: risk, insurance claims, artificial neural network, random forest, over-sampler, profitability

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Authors: Eda Orhun

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This paper studies how the financial performance of North American and global banks has changed after the COVID-19 crisis by comparing the banks’ financial ratios of the first and second quarters of 2020 to the first and second quarters of 2019. The results confirm that the profitability and efficiency ratios of North American banks have significantly declined in 2020 after the outbreak of COVID-19. On the other hand, the real effects of the COVID-19 crisis became more evident in the second quarter for global banks, with a significant decrease in profitability and efficiency (ATO) ratio despite no significant changes in the first quarter. Finally, the paper performs a regression analysis of whether the number of confirmed COVID-19 cases has a significant effect on the observed changes in the financial ratios. The results show that the number of COVID-19 cases is a significant determinant of the observed changes in the profitability, efficiency and Tier 1 capital ratios of banks in the first quarter of 2020. The higher number of confirmed cases in the banks’ home country leads to a deterioration in these specific ratios. Similar results hold in the second quarter as well, and the number of COVID-19 cases start to have an impact on a wider range of risk ratios, including EM, TLE and CAPSTAR, in the second quarter of 2020, indicating an increase in risk levels due to the COVID-19 crisis.

Keywords: COVID-19, bank performance, financial ratios, risk level, efficiency, profitability

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Authors: Barzi Ghizlane, Badrane Nohayla

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In an environment characterized by a succession of economic, environmental, and social crises, companies must reassess their financial approach, not merely with a survival mindset, but with the aim of evolving and thriving in a constantly changing context. In this process, a sustainable financial function becomes imperative to ensure long-term growth. By integrating sustainable and responsible practices, companies can better identify and anticipate risks, diversify their sources of financing, and, most importantly, strengthen the management of their resources. Indeed, the sustainable financial function goes far beyond traditional financial activities of companies. It positions itself as a strategic pillar of development and growth through the adoption of green approaches that meet their immediate needs. This perspective constitutes a combination of financial performance and sustainability. Consequently, it allows companies to navigate with agility in a changing environment while ensuring increased resilience. Moreover, a company’s ability to withstand external shocks and risks is based on three fundamental pillars. First, proactive crisis management, which essentially allows for the identification and detection of vulnerabilities related to economic and social risks, while establishing efficient and flexible financial mechanisms to mitigate their impact. Second, maintaining financial transparency is crucial to strengthening stakeholder trust, attracting investors, and solidifying the company's market reputation. Finally, incorporating responsible and resilient investments, primarily based on ESG criteria, is key. The objective of this study is to explore how the green financial function can become a key driver in increasing companies’ resilience to various contemporary crises. It aims to demonstrate that the introduction of sustainable principles in financial management is a pathway to turning challenges into opportunities for growth and transformation.

Keywords: finance, corporate, innovation, resilience, crises, performance

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Authors: Badrane Nohayla

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In a global economic context marked by growing instability and persistent inflationary pressures, Moroccan companies are facing unprecedented challenges. With galloping inflation exerting increasing pressure on the Moroccan economy, it is becoming crucial for companies to rethink their cash management approach. In fact, this complex economic situation, marked by rising commodity costs, currency volatility and market uncertainty, requires an innovative strategic response. In this regard, the present article delves into how innovation in cash management can play a pivotal role in mitigating the destabilising effects of inflation while bolstering the financial resilience of Moroccan companies. The primary objective of this paper is to illuminate the innovative strategies that can be adopted to counteract inflationary pressures. It focuses on exploring advanced financial and technological approaches, such as the use of artificial intelligence for financial forecasting, the automation of cash management processes, and the implementation of hedging strategies to safeguard against price and interest rate fluctuations. Furthermore, in the Moroccan context, where recent inflation has heightened economic vulnerabilities, these innovative strategies are vital for optimising performance and ensuring businesses survival. By integrating these cutting-edge practices into their cash management frameworks, Moroccan companies can not only mitigate the immediate impacts of inflation on their operations but also position themselves more securely to withstand future challenges. In doing so, they enhance their capacity to navigate an uncertain economic landscape and seize sustainable growth opportunities, thereby strengthening their long-term resilience. It is worth noting that embracing innovative cash management is not merely a response to current economic challenges but a strategic investment in future-proofing businesses. By leveraging innovation, Moroccan companies can develop adaptive capabilities that will enhance their resilience to future crises, whether these stem from economic fluctuations or other external shocks. Thus, innovation emerges not just as an adjustment tool but as a critical strategic driver for thriving in a future where economic uncertainty may well become the norm.

Keywords: innovative cash management, inflation, resilience, financial risks, moroccan companies

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Authors: Gokcen Ogruk-Maz, Sinan Yildirim

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Introduction: Exchange rate forecasting is pivotal for informed financial decision-making, encompassing risk management, investment strategies, and international trade planning. However, traditional forecasting models often fail to capture the complexity and volatility of currency markets. This study explores the potential of ensemble learning techniques such as Random Forest, Gradient Boosting, and AdaBoost to enhance the accuracy and robustness of exchange rate predictions. Research Objectives The primary objective is to evaluate the performance of ensemble methods in comparison to traditional econometric models such as Uncovered Interest Rate Parity, Purchasing Power Parity, and Monetary Models. By integrating advanced machine learning techniques with fundamental macroeconomic indicators, this research seeks to identify optimal approaches for predicting exchange rate movements across major currency pairs. Methodology: Using historical exchange rate data and economic indicators such as interest rates, inflation, money supply, and GDP, the study develops forecasting models leveraging ensemble techniques. Comparative analysis is performed against traditional models and hybrid approaches incorporating Facebook Prophet, Artificial Neural Networks, and XGBoost. The models are evaluated using statistical metrics like Mean Squared Error, Theil Ratio, and Diebold-Mariano tests across five currency pairs (JPY to USD, AUD to USD, CAD to USD, GBP to USD, and NZD to USD). Preliminary Results: Results indicate that ensemble learning models consistently outperform traditional methods in predictive accuracy. XGBoost shows the strongest performance among the techniques evaluated, achieving significant improvements in forecast precision with consistently low p-values and Theil Ratios. Hybrid models integrating macroeconomic fundamentals into machine learning frameworks further enhance predictive accuracy. Discussion: The findings show the potential of ensemble methods to address the limitations of traditional models by capturing non-linear relationships and complex dynamics in exchange rate movements. While Random Forest and Gradient Boosting are effective, the superior performance of XGBoost suggests that its capacity for handling sparse and irregular data offers a distinct advantage in financial forecasting. Conclusion and Implications: This research demonstrates that ensemble learning techniques, particularly when combined with traditional macroeconomic fundamentals, provide a robust framework for improving exchange rate forecasting. The study offers actionable insights for financial practitioners and policymakers, emphasizing the value of integrating machine learning approaches into predictive modeling for monetary economics.

Keywords: exchange rate forecasting, ensemble learning, financial modeling, machine learning, monetary economics, XGBoost

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Authors: Sundaram Nataraja

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As time passes, humanity will innovate and design new technology in pursuit of making various tasks easier. Whether it is something simple as making an item to socialize easier with others or to be the first to get to a meteor and mine its precious ore, humans will continue to create new ways to achieve their dreams. One industry where it is a requirement to be better, to be more efficient, to be more affordable, and to be safer is the aviation industry. While the aviation industry is struggling to keep pace with the invention of new technology, it must do so to continuously improve comfort, efficiency, and safety. There are advancements in technology and innovation that impact international aviation and that will become more prevalent in the future. Some of such advancements and innovative practices are discussed in this paper and they are as follows: (1) artificial intelligence, (2) autonomous aircraft, (3) glass cockpit, (4) jet engines capable of using kerosene-based jet fuel, (5) electric propulsion, (6) advanced materials, (7) digital twin technology, (8) fly-by-wire flight controls, (9) augmented reality, (10) virtual reality, (11) internet of things connectivity, (12) data analytics and machine leaning, (13) biometrics, and (14) sustainable aviation. The research has used online research methods including social network analysis and web scraping for extracting data and information from websites automatically to analyze large amounts of information. The major findings of the study indicate that technological advancements in aviation are significantly impacting global air travel by improving safety, fuel efficiency, operational efficiency, passenger experience, and sustainability through innovations like advanced aircraft designs, sophisticated autopilot systems, improved navigation tools, data analytics, AI-powered decision making, and the development of electric and hybrid-electric aircraft, all aimed at reducing environmental impact and optimizing flight operations across the globe.

Keywords: advances in technology, artificial intelligence, innovation, sustainable aviation

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Authors: Ibraheem Musa Oluwatoyin, Olawuni Adisa, Abdulraheem Yinusa Owolabi

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Nigeria's sports industry has grown, but ineffective management, inadequate marketing, and limited stakeholder engagement hinder progress. Effective marketing strategies are crucial, yet empirical research on their impact on Nigerian sports managers is scarce. This study investigates the impact of sports and entertainment marketing strategies on the professional practices of sports managers in Nigeria, employing a quantitative research design grounded in the Theory of Planned Behavior. The target population comprises 1,108 sports managers across various organizations in Nigeria, with a stratified random sample of 301 participants, ensuring representativeness based on organizational type (sports commissions/councils) and geographical zones. Data was collected using a structured questionnaire, which included sections on demographic information, the evaluation of marketing strategies, and their impact on decision-making, operational efficiency, stakeholder engagement, and performance. The questionnaire items were adapted from validated scales in marketing and sports management literature, achieving a Cronbach’s alpha of 0.85, indicating high internal consistency. Data collection occurred over eight weeks through both online and face-to-face surveys, ensuring ethical compliance with informed consent and data anonymization. Descriptive and inferential statistical methods, including Pearson Product Moment Correlation (PPMC), were employed for data analysis. The PPMC analyses revealed statistically significant relationships between digital platform marketing (r = 0.63, p = 0.000), sports marketing experience (r = 0.51, p = 0.000), and producing engaging sports content (r = 0.61, p = 0.000) with professional practices. These results suggest that digital platform marketing, sports marketing experience, and the creation of engaging content significantly enhance the effectiveness and performance of sports managers in Nigeria. The study contributes valuable insights for stakeholders in Nigeria’s sports industry, providing actionable recommendations for improving sports management practices through strategic marketing approaches.

Keywords: professional practice, digital platform, experience sports marketing, producing engaging sports content

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Authors: David Bywaters, Paweł Młodkowski

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The paper assesses the roles of resource growth and technology in development for Nigeria, India, and the UK and concludes by assessing the contribution of technological progress in the economic function of exchange on technological progress in the economic function of production. The evidence suggests for Nigeria, India, and the UK that increases in specialisation, as measured by the variable denoted exchtech in this paper, are the most statistically significant explanation of production technology, compared to education and capital per worker. This paper builds on theoretical work by the authors, which shows that reductions in resource use per transaction are a cause of economic growth, as well as increases in resource quantity and improvements in production technology using mathematical programming. That work is briefly reviewed and then extended to include the economic activities of consumption, from stock, production, and exchange to government, investing activities, financing activities, and exchange within and outside one economy to facilitate application to national accounts and other data.

Keywords: economic growth, Nigeria, transactions costs, Ronald Coase

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Authors: Biraj Puri, Bikram Puri

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Arbitration is one of the prompt and efficient methods of alternative dispute resolution, especially of a commercial nature, by a neutral arbitrator outside the formal court structure. Due to the globalization of trade, privatization, and global investment, recognition and enforcement of foreign arbitral awards attract prime concern. Arbitral awards are generally based on arguments and evidence presented by disputing parties. The foreign investor wants to secure the investment by appropriate legal measures and an amicable way of dispute settlement if it arises. Now, arbitration as a mechanism of commercial dispute settlement has gained international recognition. It can take place in any State, in any language and with arbitrators of any nationality. There are various international institutions to conduct arbitral proceedings and render awards. Once an arbitral award is delivered, it can be enforced as a court judgment. However, it is really challenging to execute foreign arbitral awards in Nepal. Any party willing to execute an award made in a foreign country in Nepal should submit an application to the High Court along with essential documents prescribed by domestic law (The Arbitration Act 1999). Arbitrarily and public policy are also the requirements regarding the recognition and enforcement of foreign arbitral awards in Nepal. Nepal is a signatory State to the New York Convention on Recognition and Enforcement of Foreign Arbitral Awards, 1958. It is crucial to acknowledge that Nepal has liberalized its economy as well as opened the door for a liberal and market-oriented economy through the Constitution of Nepal, 2015. Nepal is trying to expand business from local to global level. Commercial trade is expanding day by day. So in this context, acceptance of arbitration as an alternative means to solve commercial disputes is a matter of prime importance. India ratified the New York Convention, and also being a neighborhood country of Nepal, in practice, does not enforce arbitral awards provided by Nepal in the name of reservation. India has published a gazette notice in which it lists the countries in which the award will be recognized in India, but it does not include Nepal. As the largest trade partner of Nepal, India should rethink this in order to make trade smooth.

Keywords: commercial arbitration, foreign arbitral awards, recognition and enforcement of foreign arbitral awards, requirements

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Authors: Kubra Korkmaz Onat

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Decision-making significantly influences outcomes and shapes future actions, making it a crucial aspect of both personal and professional life. This study examines various decision-making approaches, focusing on their procedures and applications. The rational decision-making model is highlighted for its systematic approach and reliance on data analysis and logical reasoning. Additionally, the study explores consensus, weighted scoring, voting, and brainstorming analysis methods. Key findings indicate that each method has unique strengths and is best suited for specific contexts. The article concludes by offering practical guidance for how to choose the appropriate decision-making approach based on the circumstances.

Keywords: decision-making, decision-making process, decision-making methods, group decision-making

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Authors: Marina Ercegović, Mateja Brozović, Nikolina Dečman

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The extent of using digital technologies in teaching has definitely intensified during the pandemic, leading to the replacement of traditional learning with online learning. The experiences through the pandemic have shown that not all fields of study and all levels of education are equally suitable for the implementation of digital tools and online learning. It is generally expected that students at higher levels of study have better digital competences and are therefore more equipped and prepared to participate in online education or traditional education in classrooms that include the use of digital tools. Accounting as a field of study has good predispositions to be suitable for the use of digital tools and online learning: it can usually be taught remotely, while modern accounting also incorporates the use of different digital tools. The goals of the research are: 1) to systematize the results of the existing literature regarding the use of digital tools and online learning in education, with a special emphasis on teaching accounting, 2) to analyze the current level of digital competences of accounting students in Croatia, 3) to investigate the current attitudes of accounting students in Croatia regarding the use of digital tools in education, as well as the advantages and disadvantages of online learning, and 4) to compare the results of the research conducted in 2024/2025 with the same research conducted in 2021/2022. In addition to the literature review, a primary research using an online questionnaire was conducted among accounting students in Croatia. The sample included students enrolled in the university or professional study program related to accounting and finance, or accounting and auditing. The original research was conducted in 2021/2022, i.e. during the pandemic, when students had to suddenly transition from traditional learning to online learning, mostly without proper preparation and planning, which might have negatively affected the attitudes of students towards online learning and digital tools. This is why it repeated the research in 2024/2025, to compare the results and to explore if there are any significant differences.

Keywords: digital tools, accounting, online learning, education

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Authors: Anwar Adem

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Purpose: This study aimed to examine the socioeconomic, religious, and institutional factors affecting customers towards Islamic Banking in Ethiopia. Design/methodology/approach: This study employed a partial Least Square -structural equation modelling (PLS-SEM) to analyse survey data collected from Customer of Islamic Banking in Ethiopia in the capital city Addis Ababa, using a structured questionnaire with a 5-point Likert scale. Convenience and snowball sampling were used to obtain a broad sample of respondents. The sample size was 310. Findings: The findings indicate that Zakat literacy, high religiosity level, Islamic Bank Service Quality, and Awareness about Islamic Banking operations significantly influence customers' preference towards Islamic banking in Ethiopia. However, competitive pricing was found to have an insignificant effect on customers' preference for Islamic banking in this context. Practical implications: These findings underscore the need for the Islamic banking industry should initiate comprehensive awareness campaigns to promote Islamic banking products and their alignment with human welfare and adherence to Shariah principles. These campaigns should be conducted collaboratively by Islamic banks in partnership with renowned religious scholars from the respective region or territory to ensure maximum effectiveness. Additionally, policymakers, regulatory bodies, and particularly higher education institutions should foster a robust understanding of Islamic finance principles and products among consumers. Originality/value: This study provides unique insights into the determinants that shape customers' preference towards Islamic Banking in Ethiopia. The findings provide a foundation for developing superior quality of service delivery by Islamic banks that aligns with Ethiopia’s sociocultural dynamics.

Keywords: Zakat literacy, religiosity, customer preference, awareness

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Authors: Modupeoluwa Solawon, Folusho Oluwole

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The resource curse hypothesis is a widely discussed topic that suggests despite expectations of boosting economic development and improving the well-being of citizens, natural resource wealth in a country can lead to negative outcomes. The study focused on crude oil price, crude oil production, the pump price of petrol, agricultural production, and natural resources rent in Nigeria to determine the possible curse of these resources. The study also looked into the well-being of the citizens by employing gross domestic product per capita. The data used for the study were drawn from the World Bank Data Indicators in 2022, limited to annual data from 1981 to 2022, using the autoregressive distributed lag (ARDL) as the main estimation technique. The findings of the study revealed that natural resource rent influenced the GDP per capita detrimentally, indicating that natural resource rent has not led to better welfare for Nigerians. This effect could likely be a result of corruption in the system, causing the inability of the rents to promote better welfare in Nigeria. In conclusion, the study recommends reducing the cost of living in Nigeria and making productive use of revenues generated from its natural resources.

Keywords: ARDL, corruption, natural resources, resource curse hypothesis

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Authors: Sudharshana J.

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Employee engagement is considered as one of the major issues of IT sectors. Most of the IT sectors in India is confronted with it. However, one IT sector is different from another. In today’s scenario Employee engagement and organizational citizenship behavior are generally considered as prominent concepts. The main reason is that they are really important for the success of any organization. Both are popular concepts and have their own values in the IT sector. The current study is different in terms of its population and area. So due to the above said reason, the present study strongly analyses the relationship between employee engagement and organizational citizen behavior (OCB) in IT sectors in Chennai. Organizational citizenship behaviour improves social harmony in the workplace. This study elucidates the relationship that exists between employee engagement and organizational citizenship behavior with reference to employees working in IT sectors that are located in Chennai. Data was collected with the help of a questionnaire. The findings of the present study will help employers to clearly understand the importance of employee engagement and organizational citizenship behavior in IT sectors in Chennai. The employees who work in IT sectors in Chennai and take measures according to it. This study aims to explore the relationship between employee engagement and organizational citizenship behavior in the IT sector. The IT sectors in Chennai were selected for the conduction of the study. A standardized questionnaire was circulated for the collection of data. This study gives an in-depth insight into employee engagement in the IT sector in Chennai. Limitations and future tangents of this current study were also discussed. Sample: the respondents of this present study are employees of IT sectors that are situated in Chennai. Personnel from various IT sectors are incorporated and benefit from a broader range of their perspectives and also their experiences. This enhances the findings and the capacity for applying them to a broader context. This study is designed for statistical context. This study is designed for statistical details while considering practical and constraints in the resource. The sample size for this present study has been determined to be 100 employees from IT sectors in Chennai.

Keywords: organizational citizenship behavior, employee engagement., IT Employees, correlation between, employee engagement and organizational citizenship behaviour

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Authors: Sherine Shahat Abdelnour Bastourous

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Banking and monetary offerings are rapidly transitioning from being monolithic structures focusing simply on their personal economic services to becoming integrated gamers in a couple of customer journeys and delivery chains. Banks themselves are refocusing on being liquidity carriers and underwriters in those networks, whilst the overall idea of ‘embeddedness’ builds on the market conveniently available API (software Programming Interface) architectures to flexibly supply services to numerous requestors, i.e., online shops who want finance and insurance products to better serve their clients, respectively. With this flexibility come new necessities for more advantageous cybersecurity. API structures are greater decentralized and inherently vulnerable to trade. lamentably, this has now not been comprehensively addressed inside the literature. This paper attempts to fill this hole through looking at security tactics and technology relevant to API architectures found in embedded finance. After offering the research method implemented and introducing the essential bodies of understanding worried, the paper will speak six dominating era developments shaping excessive-degree monetary services architectures. Ultimately, embedded finance and the respective usage of API techniques might be described. building in this, safety concerns for APIs in monetary and insurance offerings will be elaborated on earlier than concluding with a few ideas for viable similar studies.

Keywords: finance, non-interest, sustainability, enlightenment health, out of pocket expenditure, universal healthcare

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Authors: Eko Ganis Sukoharsono, Meivida Medyastanti

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This study explores the Critical Success Factors (CSFs) for successful ERP implementation at the PP Company, a leading state-owned construction company in Indonesia. The study uses a qualitative - Postmodernist approach through an imaginary dialogue between a CEO and a Technologist to analyze ERP implementation from both managerial and technological perspectives. Key CSFs identified include strong support from top management, clear project scope and objectives, effective change management, employee engagement, data accuracy, and robust IT infrastructure. The study’s findings are synthesized into a CSF model that highlights the importance of aligning ERP systems with business objectives and emphasizes the need for continuous post-implementation support. This model provides a strategic framework that can guide other companies, particularly state-owned enterprises, in navigating ERP implementation, ensuring optimal return on investment, and enhancing organizational efficiency.

Keywords: ERP, critical success factors, PT. PP, postmodernist paradigm, management, technology

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Authors: Ayotunde Qudus Saka, Xin Zhang

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Purpose: The purpose of this study is to investigate how corporate governance traits affect the financial performance of banks in the sub-Saharan African region from 2008 to 2022. Methodology/Design/Approach: The performance of a few chosen banks in Sub-Saharan Africa is examined in relation to corporate governance using static panel regression analysis. The following variables were used to present corporate governance in the study: board size (BDS), board gender diversity (BGD), board independence (BDI), number of audit committee meetings (NAM), and number of foreign members on the board (SFM). Return on assets (ROA) was employed as the dependent variable. Fixed effect (FE), random effect (RE), and common effect (CE) estimators were used with static panel data. The model estimate procedure is based on the 'Log-Lin' specification. The estimation includes eleven (11) models, ten of which relate to the individual country and one that captures the SSA countries used in this study. Finding: The RE effect estimator seems to be more efficient than the FE estimator overall. Therefore, the selected estimator used for the overall country investigation is the random effect model adopted in evaluating the connection between financial success and corporate governance, and according to the all-country specification in assessing the study's goal, the fixed effect estimator is thus selected for most of the countries except for Malawi and Zambia that common effect model worked well for showing that the banks in the aforementioned countries have similar organisational cultures and management philosophies. Consequently, the selected estimators for every country were used to evaluate the connection between financial success and corporate governance. Originality/Value: Corporate governance and bank performance topics are well grounded in literature with evidence from developed countries. However, there is a darth in developing countries particularly in the sub-Saharan African region. This study presents multi-country empirical evidence within the SSAs which gives the study more samples, this study makes use of balanced data from 2008 to 2022 being the latest data coverage from SSA, and to the best knowledge of the authors, no prior research has examined the impact of corporate governance mechanisms on bank performance in the SSA region through the use of multi-country samples.

Keywords: bank performance, corporate governance, sub-Saharan African (SSA), gender diversity, foreign member of the board, multi-country

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Authors: Magdi Kamil Shafik Zekry

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The variety of available virtual equipment, strategies and activities may confuse and disorient even an experienced marketer. this is applicable mainly to B2B organizations, which might be generally less flexible in uptaking of virtual era than B2C businesses. B2B groups are lacking a framework that corresponds to the specifics of the B2B enterprise, and which facilitates to assess a business enterprise’s talents and to select the precise course. A B2B digital marketing adulthood model facilitates to fill this gap. however, modern-day advertising gives no widely permitted digital marketing adulthood model, and consequently, some marketing establishments offer their personal tools. The cause of this paper is constructing an optimized B2B virtual advertising and marketing maturity version based totally on a SWOT (strengths, weaknesses, opportunities, and threats) analysis of present models. The contemporary have a look at gives an analytical assessment of the existing virtual advertising adulthood models with open get entry to. The effects of the studies are twofold. First, the furnished SWOT analysis outlines the principle blessings and disadvantages of current fashions. Secondly, the strengths of existing virtual advertising maturity models, enables to discover the primary traits and the structure of an optimized B2B virtual advertising adulthood version. The research findings imply that most effective one out of three analyzed fashions may be used as a separate tool. This look at is a number of the first inspecting the usage of maturity models in virtual marketing. It helps businesses to select among the present virtual advertising fashions, the best one. furthermore, it creates a base for destiny research on virtual advertising adulthood fashions. This study contributes to the emerging B2B virtual advertising and marketing literature by using offering a SWOT analysis of the present virtual marketing maturity fashions and suggesting a structure and fundamental characteristics of an optimized B2B digital advertising adulthood model.

Keywords: electronics engineering, marketing, sales, E-commercedigital marketing, digital maturity, innovation, SMEsB2B digital marketing strategy, digital marketing, digital marketing maturity model, SWOT analysis

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Authors: Osei Kwabena Brefo

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The Germany takeover regulations mandate the minimum offer price to be set in accordance with section 31 (1) of the WpÜG. To safeguard this right of the shareholders, the WpÜG contains minimum price regulations that are based on the fundamental principle of equal treatment of shareholders. The minimum offer price is determined based on the maximum of either the highest price the bidder has offered other shareholders within the last six months (§ 4 WpÜG) or the three-month weighted average stock price (§ 5 Abs. 1 WpÜG) before the announcement of the offer. This study provides the first empirical evidence on differences between setting the minimum offer price based on the highest price paid to another shareholder within the last six months (“6MH offers”) as against the three-month weighted average stock before the announcement of the offer (“VWAP offers”) in terms of their impact on acquisition outcome. Using a sample of 358 acquisitions announced between 2004 and 2023, the study finds that the market and legal minimum premium in 6MH offers are significantly lower than three-month weighted average stock price offers. The study also employed Propensity Score Matching and endogenous Linear regression model to address for endogeneity concerns. Consistent with the Ordinary Least Square estimation, the study finds that after controlling for self-selection bias, market and legal premiums in 6MH offers are significantly lower than VWAP offers.

Keywords: mergers and acquisition, offer premium, minimum price regulation, takeover regulation

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Authors: Abdulamjid Obaid Hasan Saleh, Younes Soualhi

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This study explores the performance of the global Ṣukūk markets in 2023, focusing on their significance within the global financial ecosystem amidst complex economic challenges. The research highlights the modest annual growth of the total outstanding Ṣukūk value, which reached USD 850 billion by the end of the year, representing a 2.45% increase. However, it also identifies a 3.25% decline in new issuances compared to 2022, attributed to factors such as elevated oil prices, rising global interest rates, and heightened geopolitical tensions. Utilizing a descriptive and analytical methodology, the study compares the resilience of the Ṣukūk market with global bond markets, which experienced a sharp 17% drop in new issuances by the third quarter of 2023. The findings underscore the strategic positioning of Ṣukūk as a stable and competitive alternative within the global financial landscape. The study concludes by discussing potential avenues for growth and resilience in Ṣukūk markets.

Keywords: Ṣukūk market, performance, global Sukuk, resilience, global bond market

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Authors: Ali Ahmadi, Ambrus Kecskes, Roni Michaely, Phuong-Anh Nguyen

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We quantify the proliferation of artificial intelligence innovation since 1990. Then, studying publicly traded firms, we find that they direct their production of innovation toward AI, motivated by their own and their customers, labor's exposure to AI technology. We instrument actual AI production by interacting with exogenously measured innovation capacity and AI exposure. We find that consistently during the past three decades, producing AI transitorily increases profitability, durably decreases risk (both systematic and idiosyncratic), and increases a firm's future stock returns. We can empirically distinguish the production of AI innovation from AI adoption, automation, and other potential confounds. The results suggest that AI innovation is a firm value increase that is underestimated by investors.

Keywords: artificial intelligence, innovation, technology, labor, firm value, corporate investment, asset pricing

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Authors: Ruggero Roni, Ennio Bilancini, Erica Ordali, Pablo Marcos Prieto

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In this study, we examine the behavioral patterns underlying social conflicts, focusing on gender and gender pairing effects on hostile behavior. While gender differences in willingness to compete are well-documented, we aim to study whether these differences persist once individuals are already engaged in competition. On top of this, we investigate if the gender of the opponent(s) may interact with one's own gender. Using a one-shot Hawk-Dove game with varying levels of harshness, i.e., cost of conflict, we will conduct an experiment in which we will manipulate two factors in a between-subject design: order of play (simultaneous, sequential first mover, sequential second mover) and gender pairing (anonymous, same gender, opposite gender). This setting will permit us to model competitive relationships over limited resources, thus interpreting the ‘hawk’ strategy as a proxy for hostile behavior. Data collection is currently under process. Based on our pre-registered hypotheses, we expect males and same-gender couples to behave more hostilely than females and opposite-gender couples, respectively. Moreover, we expect males to show more negative reciprocity while we predict females to exhibit more positive reciprocity toward their opponents. Lastly, we suspect that females' predisposition to conflict, unlike males', might be affected by the strategic context, instrumentalized through the harshness of conflict and the order of play.

Keywords: hawk-dove, order of play, gender, gender pairing, social conflict, hostile behavior, online experiment

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Authors: Sara Dehaiman Alqahtani

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Cybersecurity breaches present significant operational, reputational, and financial challenges, raising questions about how firms and their auditors respond under heightened risk. This study examines whether breaches influence three key audit outcomes: auditor changes, engagement partner rotations, and going concern opinions. Contrary to expectations, the findings show that breached firms are less likely to change auditors or engagement partners and are also less likely to receive going concern opinions. These results suggest that rather than signaling reform through frequent turnover or cautionary opinions, firms and auditors may rely on established relationships and the auditor’s in-depth knowledge to navigate post-breach complexities. Notably, technology firms experiencing breaches are more inclined to switch auditors, reflecting distinct accountability pressures in industries where cybersecurity risks are particularly salient. Overall, these findings highlight that stability, rather than disruption, often characterizes audit responses to cyber incidents, informing ongoing debates about audit quality, risk management, and regulatory guidance in an era of escalating cybersecurity threats.

Keywords: auditor changes, cybersecurity breaches, engagement partner rotations, going concern opinions

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