IJEFSD
International Journal on Economics, Finance and Sustainable Development (IJEFSD) is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while considering sustainability. IJEFSD welcomes all well-developed papers exploring areas of economics and finance including papers in area of sustainable development. Moreover, the journal accepts research articles based but concerning a topic of interest in the field of sustainability whilep pointing out fields, such as, economics, marketing, business, management, sociology and and other related ones.
Articles
481 Documents
<![CDATA[Capital Structure and Financial Performance of Listed Manufacturing Goods Firms in Nigeria ]]>
<![CDATA[WORLU, CHRISTIAN NWENEDA (Ph.D)]]>;
<![CDATA[ZORKPA, CHARLES BARINEM (Ph.D)]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 1 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i1.5361
<![CDATA[This study investigated capital structure and financial performance of listed industrial goods firms in Nigeria. The dwindling rate of business operations which has affected the revenue base of the listed industrial goods firms in the Country necessitated this study. The sample size for the study consisted of thirteen (13) listed industrial goods firms in Nigeria. The study made use secondary data. The secondary data was obtained from the listed industrial goods firm’s annual reports and accounts. Data was analyzed using descriptive and Pearson correlation coefficient statistical tools with the aid of statistical package for social sciences. The findings reveal that equity capital has a positive strong relationship with return on asset in the listed industrial goods firms in Nigeria and also debt capital was found to have very strong relationship with return on asset. Based on the findings, it was concluded that capital structure significantly affects financial performance. Therefore, the study recommends that listed industrial goods firms in Nigeria should employ more equity finance in establishing optimal capital structure. Finally, when capital is raised through debt instrument, more attention should be channeled towards other areas for performance enhancement instead of relying on returns from equity capital alone.]]>
<![CDATA[Structure of Financial Position Report in Accordance with International Standards and its Comparison with NAS ]]>
<![CDATA[Misirov, A.M.]]>;
<![CDATA[Khodjimamadov, Sh.R.]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 4 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i3.5366
<![CDATA[This article looks at how financial position reporting practices have grown in Uzbekistan. It compares national accounting standards (NAS) to international standards (IFRS). The study shows why it's key to bring Uzbekistan's financial reporting in line with global practices. This has an impact on making enterprises more stable and helps to make better decisions. The article breaks down the layout and setup of balance sheets under both NAS and IFRS. It points out main differences in how assets and liabilities are shown when it comes to liquidity. The research reveals how these differences change how clear and comparable financial results are. It gives insights on how using international standards can boost financial openness. The article stresses that financial statements and accounting records are vital to check a company's financial standing. They allow for good analysis of changes, performance comparisons, and benchmarking. In the end, bringing financial reporting in line with international standards is crucial to draw in foreign investment and ensure lasting economic growth in Uzbekistan.]]>
<![CDATA[Participating Stakeholders in Decision Making of Tertiary Institutions in Nigeria as Panacea for Tertiary Education Development in Nigeria ]]>
<![CDATA[Jacob Ogunode, Niyi]]>;
<![CDATA[Iyabode Omolola, Afolabi]]>;
<![CDATA[Doris Ugo-onyeka, Okani]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 4 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i2.5369
<![CDATA[This paper looked at the benefits of participating stakeholders in the decision-making of tertiary institutions in Nigeria. The paper is a position paper that depends on secondary data. The secondary data were collected from online and print publications. The paper identified a stable academic environment, effective implementation of tertiary education goals, quality tertiary education and job satisfaction, and adherence to democratic principles, as those things that lead to substantive decisions and outcomes and lead to accountability and transparency in the system as benefits of participating stakeholders in the decision making of tertiary institutions in Nigeria. The paper concluded that the participation of stakeholders in the decision-making of tertiary institutions in Nigeria is vital to the realization of tertiary education goals in Nigeria. The paper recommends that the government and the agencies in charge of tertiary education management in Nigeria should ensure stakeholders in the Nigerian tertiary institutions are always engaged and consult before making policies and taking a decision that directly and indirectly affects the operation and welfare of the staff in the tertiary institutions in Nigeria.]]>
<![CDATA[Main Trends and Directions of External Migration ]]>
<![CDATA[Yunusovich, Salimov Sherzod]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 3 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i2.5371
<![CDATA[This study takes into account these macroeconomic conditions, but focus is shifted to the reasons for the change in migration processes in terms of poorly understood sociocultural factors that affect foreign labor migration and reintegration of labor migrants in Uzbekistan. The article is based on reports from specialized studies of foreign labor migration and employment conducted by the Ministry of Employment and Labor Relations of Uzbekistan, publications of studies by international organizations, and data from indepth interviews with migrants and their families. The research revealed that under the influence of macroeconomic conditions, the change in the sociocultural context in 2006–2019 contributed to expansion of the geography of migration flows from Uzbekistan, the emergence of such phenomena as the “feminization” of migration and its “rejuvenation” against the background of certain elements of egalitarianism in an initially patriarchal society.]]>
<![CDATA[Global Financial Crisis (2007-2008) and Foreign Direct Investment (FDI) Inflows' Resilience to other Capital Flows in Sub-Sahara African (SSA) Countries ]]>
<![CDATA[Ezebunwa, Onu King]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 1 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
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DOI: 10.31149/ijefsd.v7i2.5375
<![CDATA[: This study examines the effect of global financial crisis (2007-2008) on foreign direct investment inflows' resilience to other capital flows to selected Sub-Sahara African (SSA) Countries. This study was motivated by the assertion that foreign direct investment (FDI) inflows to developing economies are resilient than other capital inflows in 2007-2008 global financial crisis that originated in developed world. Specifically, the study ascertained whether foreign direct investment (FDI) inflow is significantly resilient than foreign portfolio investment (FPI) inflow in SSA. Using panel datasets from 26 SSA countries, the study explored non-stationarity and heterogeneous – based dynamic panel estimators namely, Mean Group (MG) and Pooled Mean Group to empirically implement the objectives. The findings of the study amongst others revealed significant evidence of the resilience of the inflow of foreign direct investment to SSA during the global financial crisis period of (2007 – 2008), contrary to the wide-spread assertion that developing economies are immune to the impact of the crisis. Also, we found that the foreign direct investment (FDI) inflow is significantly resilient than foreign portfolio investment (FPI) inflows in SSA. This study recommends the policies that may stabilize growth of FDI inflows. Thus, more foreign investors should be attracted which should increase investment opportunities and growth in the region. Greater attention should be given to FDI whenever global financial crisis is experienced.]]>
<![CDATA[Supply Chain Management and Performance of Juhel Pharmaceutical Company, Awka, Anambra State, Nigeria ]]>
<![CDATA[Florence Okeke (Ph.D), Adaora]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 4 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i1.5384
<![CDATA[This study examines the effect of supply chain management on performance of Juhel pharmaceutical company, Awka, Anambra State, Nigeria. The study adopted survey research design. The population of the study comprised sixty-seven (67) employees of Juhel Pharmaceutical Company, Awka, Anambra State. Questionnaire was employed as the instrument of data collection. The study found that strategic supplier partnership, customer relationship and the level and quality of information sharing have significant effect on the performance of Juhel pharmaceutical company. The study concluded that supply chain management has significant positive effect on performance. The study recommended that companies should consider adopting supply chain practices particularly strategic supplier partnership fully as the potential benefits to be realized are enormous compared to the initial and operational cost of implementing the practice.]]>
<![CDATA[Inflation and Teachers Job Performance in Public Schools in Nigeria ]]>
<![CDATA[Bartholomew Ojochenemi, Ukpoju]]>;
<![CDATA[Victor, Cosmas]]>;
<![CDATA[Isaac Araiyegbemi , Abayomi]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 4 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i2.5385
<![CDATA[The effect of inflation on teachers' work performance in Nigerian public schools was covered in this essay. The study is a review that relies on secondary sources. Print and internet publications provided the secondary data. The study found that public school teachers' work performance has been adversely impacted by inflation. The study also demonstrated how teachers' standard of living has been impacted by inflation, which has resulted in them walking to school and paying more for educational materials that are essential to curriculum implementation. The study makes the following policy recommendations in light of this finding: the government ought to raise the pay and benefits of public school teachers. The cost of educational materials for instructors and pupils in public schools ought to be covered by the government. In order to facilitate the transportation of teachers and pupils to and from public schools, both public and private organisations should provide school buses.]]>
<![CDATA[Using Markov Chain to Forecast Stock Price Movement in The Iraq Stock Exchange ]]>
<![CDATA[Odah, Sabbar Thijeel]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 1 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i3.5389
<![CDATA[The purpose of this paper is to apply "Markov chain" modeling to the Iraq Stock Exchange Index (ISX60) over a period of 231 trading days, from January 02, 2024, to December 30, 2024. The prediction was made by identifying three cases of stock price movement: height, low, and stability. The transition matrix and probability vector for the Markov chain were created, and the results showed that the probability of a decrease in the Iraq Stock Exchange Index prices was the highest, reaching (0.489), the probability of a rise in prices was the lowest, reaching (0.177), and the probability of stock price stability was (0.33). The purpose of this study was to raise local investors' understanding of the Markov chain model's predictive power to aid in investment decision-making.]]>
<![CDATA[Evaluation of The Trading Strategy Using The "Moving Average" in The Iraqi Stock Market ]]>
<![CDATA[Odah, Sabbar Thijeel]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 2 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
Publisher : <![CDATA[Research Parks Publishers ]]>
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DOI: 10.31149/ijefsd.v7i3.5390
<![CDATA[This paper aims to evaluate the trading strategy using simple moving average with different lengths of "10 days, 20 days, 50 days, 100 days, 150 days, 200 days" on the Iraq Stock Exchange (ISX60) index during (109) trading days, and compare it with the simple buy and hold strategy. The findings show that, despite the Iraq Stock Exchange's lack of efficiency at the basic level, trading with moving averages may predict price movement and, after subtracting trading expenses, produces profits that are higher than those of the buy and hold strategy. Additionally, compared to other moving averages, the 20-day simple "moving average" is more predictive.]]>
<![CDATA[Analysis of Factors Affecting The Success of Strategic Change Initiatives in The Management Consulting Sector ]]>
<![CDATA[Salem AlNajem, Hosam]]>
<![CDATA[ International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 7 No. 4 (2025): International Journal on Economics, Finance and Sustainable Development (IJEFSD ]]>
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DOI: 10.31149/ijefsd.v7i3.5392
<![CDATA[Strategic change initiatives are essential tools that companies use to improve performance and achieve long-term goals. This study aims to analyze the factors influencing the strategic change initiative in a management consulting firm in Jeddah, Saudi Arabia. Quantitative analysis was used through a survey using a questionnaire distributed electronically to 100 employees, and the researcher received 81 response o. The research conducted a statistical analysis of the questionnaire to identify the success and failure factors affecting the initiative and evaluate the company’s performance. The results showed that effective communication with employees and developing a clear change message were critical factors that contributed to the success of the initiative. Clearly communicating the change vision to employees helped enhance their understanding of and commitment to the initiative’s goals, while the active participation of all members affected by the change was essential to achieving success. The commitment and support of senior management also played a vital role in directing and implementing the initiative. On the other hand, the results showed that resistance to change, the absence of standard principles, and adopting short-term initiatives without considering long-term goals were the main factors hindering the achievement of the initiative’s goals. Other obstacles included hiring non-specialized employees, lack of integration in project management, and effective monitoring of processes. The results showed that the initiative had a positive impact on the company’s performance, as employee satisfaction and the quality of services provided improved, customer satisfaction increased, and productivity and performance efficiency improved.]]>
