IOSR-JEF   Volume-14 ~ Issue-4 ~ July – Aug. 2023

Abstract: Foreign direct investment (FDI) is a key driver of economic growth in developing countries. It involves the investment of capital by individuals or companies from one country in the economic interests of another country, often with the aim of taking long-term control of a foreign company. FDI can take various forms, including private investment in buying shares in foreign companies, as well as administrative or technical arrangements1. Economic growth refers to the expansion of the market value of goods and services in an economy over time, taking inflation into account. One of the most common methods used to measure economic growth is to observe the proportional......

Key Word: Foreign Direct Investment; Economic growth, Lebanon, Financial crisis.

Abstract: Economies across the globe have witnessed wide variations in incomes, inviting researchers and policy makers to explore various interventions to bridge the gap. Among the interventions floated is focusing more on productivity levels than the accumulation of inputs. Total Factor Productivity, defined as a measure of output growth not explained by factor inputs, has been fronted as the solution to the widespread variations. Kenya targets achieving an annual Total Factor Productivity growth rate of 2.5 from the current 0.352 to achieve vision 2030 and Sustainable Development Goals. One way to increase Total Factor Productivity is by creating an enabling and conducive environment where factor inputs operate. Institutions, specifically the Rule of Law, play a vital role in ensuring a thriving environment. This study, therefore, sought to establish how the Rule of Law affects Total Factor Productivity......

Key Word: rule of law, total factor productivity, auto regressive distributed lag model

Abstract: Background: Pursuing abnormal returns drives financial markets, representing deviations from expected performance. Disclosing such information is crucial for informed investment decisions. Abnormal returns result from unexpected asset price fluctuations, often caused by information disclosure. Positive surprises, like strong earnings, yield positive abnormal returns, while negative disclosures, like regulatory violations, lead to negative abnormal returns. Abnormal returns are tied to the Efficient Market Hypothesis, with markets occasionally inefficient due to varying interpretations of news. The manner of information disclosure influences abnormal returns, seen......

Key Word: Investors; information disclosure; abnormal returns; investment decisions.

Abstract: Non-performing loans have been a monumental challenge to the banking sector for long and despite some commercial banks going digital loan delinquency has continued to be experienced. For example based on the CBK, bank supervision report, it was noted that, after adopting digital lending NCBA continued recording an increase in NPLs where it recorded an increase in gross NPLs by 262 percent to Ksh. 35.3 billion in 2022 from Ksh. 9.74 billion in 2014. From the CBK bank supervision report, it is clear that, the four early adopters of digital lending continued recording an increase in gross NPLs even after embracing financial technology in lending. Therefore the study sought to determine the effect of digital credit scoring practices on loan performance.....

Key Word: Digital Credit Scoring Practices, Loan Performance, Commercial Banks

Abstract: This paper examines the crucial role of central banks in managing monetary policy and its profound effects on the economy. It provides an in-depth analysis of the objectives, tools, and strategies employed by central banks to regulate monetary conditions, control inflation, and promote economic stability. Additionally, it explores the transmission mechanisms through which monetary policy decisions impact various sectors of the economy, including interest rates, exchange rates, investment, consumption, and employment. The paper also highlights the challenges and limitations faced by central banks in conducting effective monetary policy, particularly in an era of economic globalization and financial interconnectedness. Overall, this research contributes to a comprehensive understanding of the intricate relationship between central bank actions, monetary policy, and macroeconomic outcomes..

Abstract: This study investigates the volatility spillovers from the US equity market, represented by the S&P 500 index, to the Indian commodity market, proxied by the Nifty Commodity index, using the Dynamic Conditional Correlation (DCC) GARCH model. The daily returns data from September 2011 to July 2023 has been examined. The DCC model estimates provide evidence of significant volatility clustering and persistence in both the indices. The results also indicate the presence of strong dynamic correlations between the two markets, with spillovers transmitted from the S&P 500 to the Nifty Commodity index. The time-varying correlations reveal the evolving integration between the US and.....

Key Word: DCC-GARCH, volatility spillover, dynamic correlation, emerging markets, financial integration