Contribution of financial market development in competitiveness growth

Alomari, Mohammad W.; Marashdeh, Zyad; Bashayreh, Ala' G.

doi:10.1080/23322039.2019.1622483

Cited by 13 publications

(14 citation statements)

References 44 publications

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“…The FMDI is the eighth pillar of the global competitiveness index (GCI) used as a financial development proxy in previous studies. 89 , 90 For ICT development, we utilize secure Internet servers per 1 million people as an alternative proxy. The estimation results largely remain the same and consistent with the main findings.…”

Section: Resultsmentioning

confidence: 99%

Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development

Yahya

Waqas

et al. 2021

INQUIRY

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Healthcare organizations are setting new targets of sustainable practices to improve their financial performance without depleting social and natural capital. Maintaining a sustainable, resilient, and durable healthcare system facilitate economies to achieve sustainable competitiveness. Thus, it is important to address and fill the knowledge gap by identifying factors that improve a firm’s sustainability. Drawing on technological knowledge spillover theory, this study investigates the effect of FinTech development on the sustainable performance of healthcare firms using panel data comprised of 11 Asia-Pacific countries. By applying the 2-step GMM technique, we find a robust estimate that digital financial technologies improve the sustainable performance of the firms. Contrary to the substitution effect, our results further indicate that financial institutions are collaborating with FinTechs to facilitate financing at the individual and firm-level. We also find that financial and ICT development positively moderates the relationship between FinTech development and sustainable performance.

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Section: Resultsmentioning

confidence: 99%

Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development

Yahya

Waqas

et al. 2021

INQUIRY

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“…Financial market development can be defined as the factors, policies, and institutions that lead to efficient intermediation and effective financial markets. It improves the competence of the financial market to perform efficiently as an intermediary to stimulate economic growth and reduce poverty (Alomari et al, 2019). A healthy financial market consisting of banks, bond markets, and equity markets, conventional and Islamic, is vital in stimulating economic growth.…”

Section: Concept Of Financial Market Development With Economic Growthmentioning

confidence: 99%

Issue of Sukuk Market Development and Islamic Banking Institution: A Conceptual Paper

Ibrahim¹,

Nor²,

Rafien³

et al. 2022

IJARBSS

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Expanding the sukuk market and banking sector is essential to spur economic growth. However, these two components of financing providers do not cooperate fairly as a welldeveloped of one market is a drawback to another market. Hence, this study aims to highlight the issues encountered in developing one market that could threaten the expansion of other markets as capital providers to deficit units in the financial market. This paper is conceptual and exploratory in nature, and thus, it is supported by library research in an attempt to achieve the specified objective. Further empirical research can provide a better understanding and knowledge, and the issue that arises from this paper can be used as a future reference to understand the relationship between these two markets. Throughout the discussion of this issue, the policymaker will be aware and could construct a conclusive policy that is able to improve the sukuk market alongside the Islamic banking institutions while strengthening the financial market stability. This paper also offers insight into the development of the sukuk market and Islamic banking performance, which is relatively unknown to academics and Islamic finance industry practitioners.

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“…According to Alomari, Marashdeh, and Bashayreh (2019), financial market development is defined as the improvement in the market intermediation and financial markets in general that can be driven by several factors, policies, and the institutions. Essentially, the ultimate goal of financial market development is to stimulate economic growth and reduce poverty.…”

Section: Datamentioning

confidence: 99%

Do Transparency and Anti-Monopoly Policies Matter for Financial Development? Evidence from a Panel ARDL-PMG Approach

Zhang

Yahya

Pham

et al. 2021

Journal of Applied Economics

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Contribution of financial market development in competitiveness growth

Cited by 13 publications

References 44 publications

Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development

Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development

Issue of Sukuk Market Development and Islamic Banking Institution: A Conceptual Paper

Do Transparency and Anti-Monopoly Policies Matter for Financial Development? Evidence from a Panel ARDL-PMG Approach

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