The influence of consumer traits on impulsive buying: A study on Tokopedia users during the Covid-19 Pandemic

The e-commerce industry significantly expanded during a negative economic recession. This is because, during the COVID-19 epidemic, many countries enacted social limitations that caused various economic activities to diminish in many sectors and resulted in layoffs in various businesses because there was no production activity. Through consumer attributes such as impulsive buying tendencies, shopping enjoyment preferences, moods, and personal situations, this study aims to understand the factors contributing to impulsive buying. The SEM statistical method and PLS software were used to test the research model empirically. Sampling with a purpose was chosen. Two hundred legitimate respondents were used as samples to test the assumptions. First, the study found that impulsive buying patterns, moods, and situations all positively influence impulsive purchases. Second, other elements, such spending patterns, are not significant. This demonstrates that customers can enjoy looking up information about the desired goods, but it hasn't yet led customers to make impulsive purchases at online shops.

Effect of Remittance Inflows on External Debt in Developing Countries

This paper analyzes the effect of remittance inflows on external debt in developing countries, by identifying international reserves as a potential transmission channel. Using panel data over the period 1970–2017 and covering 50 low-and middle-income countries worldwide, we find a positive and significant effect of remittance inflows on the external debt-to-GDP ratio. We also find a negative and significant effect of international reserves on external debt. After controlling for international reserves, the effect of remittance inflows on external debt increases;it remains positive and significant. The results suggest that the role of international reserves as a self-insurance mechanism, and the Dutch disease effect related to remittance inflows are at play. In addition, we find negative and significant effects of economic growth and savings-investment gap on external debt. We also find positive and significant effects of the nominal exchange rate and the United States lending interest rate on external debt. We discuss the policy implications of these findings, while highlighting factors that policymakers should focus on for containing external debt in developing countries in the post-COVID-19.

Real Estate Insights The continuing uncertainty of property investment markets – an outlook for the UK in 2023

PurposeThe aim of this Real Estate Insight is to comment upon the outlook for real estate investment in the United Kingdom (UK) at the beginning of 2023 in light of global inflation brought about by the pent-up post-pandemic demand push for goods and services and the exacerbation of the Ukraine/Russia conflict.Design/methodology/approachThis Real Estate Insight will comment upon changes in the investor's view of the UK economy and the relative attractiveness of the different property sectors and the shift in thinking post-pandemic.FindingsThis paper will consider a number of scenarios and possibilities flowing from the current uncertainties in the property market and the wider economy.Practical implicationsAs with all property investment, the value and performance of the property assets is interlinked with the use and demand of different property types. Understanding the supply and demand drivers provides investors with a reasoned conjecture of how the property market may perform going forward.Originality/valueThis is a review of the UK market in relation to post-COVID-19 changes to supply and demand at both an operational and investment level.

The impact of fear of external threats on unethical pro-organizational behavior

Within the context of the current global economic crisis, employees generally have a high level of fear that may lead them to use unethical pro-organizational behavior (UPB) to increase their sense of control. We used self-control theory to explore the mechanisms and boundary conditions of employees' fear of external threats and how this affects their levels of UPB. We conducted a twowave survey of 544 finance personnel in China. The results indicated that fear of external threats was positively correlated with UPB and that sense of control mediated this relationship. Perceived ethical climate reinforced the negative relationship between sense of control and UPB, which, in turn, weakened the positive effect of participants' sense of control, whereas fear of external threats increased the incidence of UPB. Implications are discussed.

The Office Market Reckoning is Nigh

Occupied space, rents, sales transactions volumes, and sales prices were all posting record levels, while vacancy rates had fallen to their lowest level since the Great Financial Crisis (GFC). Few firms went bankrupt as generous government relief programs kept them solvent. [...]most office tenants could only exit their leases once their lease period ended. The office vacancy rate has risen over 400 basis points to 15.7%, the largest Increase In any property sector since 2019.3 A Smaller Corporate Footprint For now, the vacancy rate remains below Its GFC peak, but all signs suggest that vacancies will continue rising In the coming quarters to reach record levels as tenants give up more space than they lease. Most of that space will eventually be counted as vacant landlord space once the leases roll from the tenants' responsibility. [...]expect vacancy rates to spike over the next two years unless firms abruptly begin to lease more space than they have been.

Stock Price Forecasting of IBEX35 Companies in the Petroleum, Electricity, and Gas Industries

In recent years, time series forecasting has become an essential tool for stock market analysts to make informed decisions regarding stock prices. The present research makes use of various exponential smoothing forecasting methods. These include exponential smoothing with multiplicative errors and additive trend (MAN), exponential smoothing with multiplicative errors (MNN), and simple exponential smoothing with additive errors (ANN) for the forecasting of the stock prices of six different companies in the petroleum, electricity, and gas industries that are listed in the IBEX35 index. The database employed for this research contained the IBEX35 index values and stock closing prices from 3 January 2000 to 30 December 2022. The models trained with this data were employed in order to forecast the index value and the closing prices of the stocks under study from 2 January 2023 to 24 March 2023. The results obtained confirmed that although none of the proposed models outperformed the rest for all the companies, it is possible to calculate forecasting models able to predict a 95% confidence interval about real stock closing values and where the index will be in the following three months.

THE POSITION OF THE GOVERNMENT AND SOCIETY OF THE CZECH REPUBLIC TOWARDS THE WAR IN UKRAINE

The aim of the article is to present the position of the Czech government and the society of this country towards the war in Ukraine. The text is an attempt to conduct a comparative analysis of the position of the Czech government and the part of society that has been opposing the government's policy towards Ukraine for some time. The author presented the main consequences of the Czech government's support for Ukraine, which are related to the post-pandemic crisis. These include, above all, problems with the supply of oil, natural gas and nuclear fuel for Czech nuclear power plants. Social problems include high inflation, rising interest rates and rising prices ofbasic commodities. In the summary, synthetic conclusions were drawn that confirm the discrepancies between the government's policy and the position of that part of society.

Potenciální produkt a mezera výstupu v období ekonomických krizí

The article investigates potential output and output gap modelling and estimation in the Czech Republic in the period 1996-2021, including the global recession from 2008 and the recent crisis caused by government measures against the COVID-19 pandemic. The unobserved components (UC) methodology is applied, coefficients are estimated by the maximum likelihood method, unobserved variables are estimated using the Kalman filter. The standard UC model is modified in an original way to nonlinearly describe the hysteresis effect by allowing the output gap to have an asymmetrical influence on potential output. The econometric model verification proved significance of the hysteresis effect and showed a substantial inertia of negative consequences of both crises. Predictions of an impact of the War in Ukraine on the gap were also calculated and the uncertainty associated with these predictions was quantified.

Social Vulnerability and Macroeconomic Forecast: A Review from the Current Context.

In the current context, various factors add to the existing social and economic crisis, such as the COVID-19 pandemic and the Russian invasion of Ukraine, which, when articulated with common conflicting facts, increase projections regarding the slowdown in the economy, with an impact on inflation and declines in global economic growth. As part of the adverse effects of these variables, if the increase in the cost of basic products and services was anticipated, the supply chain escaped, food safety, the widening of social gaps, poverty, contributing to the massification of restrictive medicines, increasing vulnerabilities in social and political scenarios, in addition to less dynamism in the global economy, in the availability of food resources, increases in energy prices, inflationary pressure, among others. Previously, this investigative note explores the macroeconomic forecast, taking as reference the informants of the year 2022 brought by the World Bank, the International Monetary Fund, the Economic Committee for Latin America and the Caribbean and the Inter-American Development Bank. (English) [ FROM AUTHOR] En el contexto actual, diversos factores se suman a la crisis social y económica a existente, como la pandemia COVID-19 y la invasión rusa a Ucrania que, al articularse con los hechos conflictivos comunes, aumentan las proyecciones con respecto a la desaceleración de la economía, con incidencia en la inflación y mermas en el crecimiento económico global. Como parte de los efectos adversos de estas va1riables, se prevé el aumento en el costo de los productos y servicios básicos, escasez en la cadena de suministros, inseguridad alimentaria, ampliación de las brechas sociales, de la pobreza, contribuyendo a la toma de medidas restrictivas, aumentando las vulnerabilidades en los escenarios sociales y en materia política, además de un menor dinamismo en la economía global, en la disponibilidad de recursos alimentarios, aumentos de los precios de la energía, presión inflacionaria, entre otros. En virtud de lo anterior, la presente nota de investigación explora la prognosis macroeconómica, tomando como referentes los informes del año 2022 aportados por el Banco Mundial, el Fondo Monetario Internacional, la Comisión Económica para América Latina y el Caribe y el Banco Interamericano de Desarrollo. (Spanish) [ FROM AUTHOR] Copyright of Revista de Filosofía is the property of Revista de Filosofia-Universidad del Zulia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)

Does regional integration improve economic resilience? Evidence from urban agglomerations in China

Under the dual pressure of "slow-burn" challenges and acute shocks, increasing economic resilience is gaining attention around the world to ensure the security and stability of economic activities. With the goal of achieving sustainable development, the China is exploring an innovative, coordinated, green, open, shared and secure development path for the regional economy. Using panel data for 241 cities at the prefecture level and above in China from 2010 to 2019, this research considers urban agglomeration planning as a quasi-natural experiment of regional integration and use a difference-in-differences method to explore the effect of regional integration on economic resilience. The results show the following. 1) Regional integration does improve economic resilience after various robustness tests. 2) The policy effect of regional integration on economic resilience varies by time, region, and urban structure. 3) Urban size structure and industrial structure are important ways in which regional integration affects economic resilience. Our findings enrich the theoretical study of the relationship between regional integration and economic resilience and provide a new path to improve regional economic resilience and achieve sustainable development.

Emergent marketing strategies and their influence on the Customer Value Proposition of Fast-Moving Consumer Goods (FMCG) businesses during Covid 19 Pandemic in Botswana

This research explores how marketing strategies have been changed to adapt to the impactful challenges of the pandemic and economic recession in Botswana's Consumer Goods (FMCG) business landscape. The research adopted an interpretivism philosophical model, an inductive research approach, mono-method wherein qualitative data was collected through semi-structured interviews with open-ended questions. The findings provided substantive evidence that there has been a transition in strategic marketing measures during the COVID-19 pandemic in the Botswana retail landscape and the transition in strategies did have an influence on the customer value proposition (CVP) output of retail businesses.

Economic Role of Government Budget Revision in the Presence of COVID-19

Fiscal policies are one of the most important instruments of government to guide the progress of the country's economic development. They find significant use in cases where the economy is experiencing a period of recession, such as the current one caused by COVID-19. This study aims to assess the multiplier effects that budget revision has on the economy for the case of Albania, and more specifically by referring to the initial and revised budget scenario for the year 2020 which is characterized by significant changes caused by the presence of COVID-19. Referring to the multipliers from the input–output tables (IOT) the total effect that the state budget brings to the economy for a certain year is derived. From this paper, it appears that the budget restructuring that takes place during the year does not take into account the multiplier effect in the economy, but is mostly done for specific purposes related to certain government functions. In this context, it is very important that various options during budget revision are evaluated, concluding with the option that has the highest returns for the economy.

Relative financial deprivation, financial anxiety and financial satisfaction: the role of access to Islamic financing among MSME owners amidst COVID-19

PurposeThe purpose of this paper is to augment the present literature on the relationship between relative financial deprivation (RFD), financial anxiety (FA), access to Islamic financing (AIF) and financial satisfaction (FS) of micro, small and medium enterprise (MSME) owners. Principally, the study examines the moderating role of AIF on the RFD–FS and FA–FS relationships.Design/methodology/approachQuantitative survey approach was used to collect data through self-administered questionnaires from MSME owners. Partial least square (PLS) structural equation modelling (SEM) version 3.2.7 was used to analyse 208 retrieved questionnaires.FindingsThe results confirm that the RFD–FS relationship is negatively significant, but the FA–FS relationship is not significant. However, the direct relationship between AIF and FS is positively significant. Conversely, AIF failed to moderate the RFD–FS and FA–FS relationships.Practical implicationsThe study specifies that the existence of RFD will decrease the FS of MSME owners, and therefore, RFD should be eliminated at all costs. However, the greater the AIF, the stronger will be the FS of MSME owners. Thus, policymakers and owners of MSMEs should emphasize on AIF to foster FS. Nevertheless, AIF could not redirect the negative impact of RFD and FA on MSME owners' FS.Originality/valueThis study, to the best of the authors' knowledge, is the first to examine the moderating role of AIF on the RFD–FS and FA–FS relationships among MSME owners. Notwithstanding the importance of small business owners for economic development, the literature on MSME entrepreneurs FS has been neglected. This study also uncovers new theoretical knowledge by revealing the inability of AIF to alter the RFD–FS and FA–FS relationships.

Permanent layoff and consumer credit card loss forecasting

PurposeThe unemployment rate (UR) is the leading macroeconomic indicator used in the credit card loss forecasting. COVID-19 pandemic has caused an unprecedented level of volatility in the labor market variables, leading to new challenges to use UR in the credit risk modeling framework. This paper examines the dynamic relationship between the credit card charge-off rate and the unemployment rate over time.Design/methodology/approachThis study uses quarterly observations of charge-off rates on credit card loans of all commercial banks from Q1 1990 to Q4 2020. Univariate, multivariable, machine learning, and regime-switching time series modeling are employed in this research.FindingsThe authors decompose UR into two components – temporary and permanent UR. The authors find the spike in UR during COVID-19 is mainly attributed to the surge in temporary layoffs. More importantly, the authors find that the credit card charge-off rate is primarily driven by permanent UR while temporary UR has little predictive power. During recessions, permanent UR seems to be a stronger indicator than total UR. This research highlights the importance of using permanent UR for credit risk modeling.Originality/valueThe findings in the research can be applied to the credit card loss forecasting and CECL reserve models. In addition, this research also has implications for banks, macroeconomic data vendors, regulators, and policymakers.

Technological intelligence for circular supply chain: a co-citation analysis approach

PurposeThe COVID-19 pandemic has disrupted the supply chains, and this brought researchers and practitioners to think about more on circular supply chains (CSC). The CSC concept has been discussed in the literature more than a decade. This study aims to find out the theoretical roots of CSC by analyzing scholarly articles in literature.Design/methodology/approachThis paper uses document cocitation analysis for reaching this aim. After retrieving data from Web of Science database, this paper explores data set by considering used references of these publications and clusters them based on their title terms and visualizes them by using cosine similarity index.FindingsThis paper concludes that CSC is mainly discussed along with sustainability, sustainable supply chains and green supply chains, where the focus is integrating circular economy principles to supply chain management (SCM). On the other hand, although resiliency is an essential characteristic of SCM, contribution of CSC to supply chain resilience is neglected in the literature.Research limitations/implicationsCSC will gain importance in near future to increase national/firm productivity, and findings of this paper will give researchers insights for furthering their studies.Social implicationsTo avoid supply chain and market collapse caused by natural disruptions, supply chain resilience is of paramount importance. According to the findings of this paper, the authors believe that business resilience in COVID-19-restricted environment may have exit point by using circular perspective.Originality/valueThe importance of CSC has increased due to the disruptions caused by the COVID-19 pandemic. Therefore, this unique study was undertaken to investigate the evolution of this crucial topic with evidence from the literature through a cocitation analysis.

Impact of COVID-19 Pandemic and Crisis Management Strategies on Real Estate Agencies

This study aims to investigate the impact of the COVID-19 pandemic and the crisis management strategies of the real estate agencies in Thailand. The pandemic and consequent lockdown by the Thai government severely hampered the real estate sector, which is heavily dependent on foreign buying and rental demands. The study took a qualitative approach with semi-structured interviews of 20 managers or owners. The concepts of crisis management strategy were used to separate the COVID-19 crisis into three stages: pre-crisis, ongoing-crisis, and post-crisis to study the different strategies that conform to the unique criteria in each stage. The research findings depict the strategies employed in each stage: offensive, challenge, passive, termination, and internal process change strategies. Applying/properly balancing these strategies during each crisis stage are critical and must be carefully considered. In addition, agencies are shown the importance of being prepared and planning for uncertainties under the precrisis stage. Therefore, well-prepared firms with a proper strategy are less affected by any crisis than those not well-prepared. Under the ongoing- crisis stage, it is about prompt responsiveness and timely implementation of the strategies prepared during the pre-crisis stage with some alterations in immediate reaction to the real-time situations. An internal process change strategy should mainly apply before other strategies to yield immediate/ effective results. Meanwhile, under the post-crisis stage, even though it is almost impossible to prevent the cause of the crisis like the COVID-19 pandemic directly, preparation readiness in the pre-crisis stage, which learned from the previous post-crisis stage is, directly affects the possibility to survive or to thrive of the companies. An evaluation of what strategies worked and what did not during the ongoing crisis must be encrypted, learned from, circulated, and prepared for the next crisis.

An Analysis of Profitability and Key Hurdles for the Housing Finance Sector in India

There is a fear of recession worldwide as is evident from the decline in the economic activities in all major economies of the world. As per the prediction of the IMF, the Indian economy looks somewhat better placed compared to other major economies for the current financial year. The real estate sector has always been a significant contributor to the process of growth of India and depends on the soundness of the Housing Finance sector to a great extent. The study tries to examine the profitability of the housing finance sector as well as identifies significant hurdles, especially in the post Covid period when the fear of global recession looms large. Three leading housing finance companies based on market capitalization are taken as the sample companies and one-way Anova is used as a significant tool of analysis. The study points that the favourable time ahead for housing finance sector in near future.

The symphony orchestra in the time of COVID-19: will American orchestras rise from the ashes?

The finances of performing arts organizations are sensitive to economic recessions. We use data from the "Great Recession" to provide a window into the problems that symphony orchestras will need to circumvent during and following the COVID-19 recession. We estimate that for every 1 percent increase in unemployment, attendance will decrease by 2.4 percent. With audiences who will be slow to return to concert halls, orchestras should expect years of diminished numbers of ticket buyers. Symphony orchestras will need to practice cost-cutting measures, while reinventing themselves through innovative programmes, including increased streaming platforms, in order to prosper post-COVID. [ABSTRACT FROM AUTHOR] Copyright of Cultural Trends is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Task Content and Job Losses in the Great Lockdown

The author examines the short-term labor market effects of the COVID-19 pandemic (aka the Great Lockdown recession) in the United States. Findings show that the task content is an important predictor of job losses;jobs with a high non-routine cognitive content are especially well-protected, even if they are not teleworkable. Teleworkability matters more for low-paying jobs. The importance of task content, particularly for non-routine cognitive tasks, is strong even after controlling for demographics and for differential sector and location shocks, while effects persist in the medium run. Jobs subject to higher structural turnover rates were much more likely to be terminated, suggesting that easier-to-replace employees were at a particular disadvantage, even within sectors. At the same time, labor hoarding may occur for more valuable matches. Individuals in low-skilled jobs fared comparatively better in industries with a high share of high-skilled workers, suggesting complementarities across skill types. © The Author(s) 2023.

European Sentiment in time of crises. The point of view of young university students

The latest emergencies – economic, refugee, and the pandemic of Covid-19 – has impacted in European collective identity construction, especially in Southern Europe. This article investigates if the pandemic crisis has activated in young Italian and Spanish university students nationalistic or/and European responses. The analysis, based on an online survey, uses the partial least squares structural equation modelling (PLS-SEM) statistical method to perform an exploratory analysis of the explanatory theoretical model of European sentiment. The results show that young people attribute several meanings to Europe during the pandemic, which are based mainly on making informed decisions and recognizing a common space of interaction as an opportunity of peace, security and democracy. The findings highlight the role of EU communicative actions in increasing trust in national and European institutions.