|Journal of Asian Business and Economic Studies|
, December 2018, Page 112-128
|Household investment behavior toward urban flooding adaptation in Ho Chi Minh City|
|Lê Thành Nhân|
An investigation about the adaptive capacity of residents in Ho Chi Minh City when facing the flooding problems which have frequently happened in recent years. Although the government has spent a lot of money in the drainage system, and the situation has been reported to be better, a high proportion of surveyed people said that the improvement is just local; however, the whole city still needs more effort to control flooding. Households living closely to frequently flood-prone usually consider two main measures to protect themselves from the flood: Floor elevation or dry-proof investment. Since housing is a big money while their income is still low, moving to another place seems to be inapplicable. Doing almost nothing and leaning on the public projects are still the main strategy.
Urban floods; Adaptation; Household investment.
Impact of the new middle class on consumer behavior: a case study of Delhi-NCR
2023, Journal of Asian Business and Economic Studies
The paper examines the increase in annual income of the new middle-class (The NMC) of Delhi-NCR and its impact on their investment habits, consumption habits and lifestyle. The paper aims to look into the transformation of the new middle-class into the NMC in emerging economies and its potential to the companies and investors.
This study draws insight from 558 new middle-class consumers in Delhi-NCR. ANOVA, post hoc tests , and hierarchical multiple linear regression model are applied to test the proposed hypotheses.
The NMC living in India's megacities imitates the lifestyle of their counterparts living in the West. To maintain their status and present themselves different from those living in middle or lower-middle-class categories, they spend audaciously, even though the income is low. When they enter the new middle class, their consumption, saving and lifestyle diversify positively.
This study has limitations. First, the authors do not apply any behavioral theory or marketing model such as the theory of reasoned action (TRA), Engel-kollat-Blackwell (EKB) model or theory of normative model of target markets. Second, the research is limited to the NMC of only one emerging economy, i.e., India. Third, the research sample is limited to only one megacity of India, i.e., Delhi. Finally, this research used only one factor, i.e., AI, to study the consumption pattern.
The results suggest that considering the buying habits and lifestyle of Indian the NMC, consumers would prove helpful to the companies in product decision-making. Furthermore, understanding change in investment habits across different income levels would be advantageous to financial institutions, investment planners and marketers while designing their products to attract investment.
The research holds significance from the point of view of understanding Indian consumers encompassing the the NMC and predicting their implications on consumer goods-producing industries, which shall, in turn, facilitate producers and government in formulating policies and strategies.
Gender issues in family business research: A bibliometric scoping review
2023, Journal of Asian Business and Economic Studies
Purpose – The current review aims to examine the growth trajectory, most influential documents, intellectual
and conceptual structure of the literature regarding gender issues in family business research.
Design/methodology/approach – The bibliometric analysis was performed using 224 documents from
1991 to 2020 extracted from the Web of Science database.
Findings – The review finds that this field’s knowledge grew exponentially during the last three decades,
mainly after 2003 and the last several years. Based on the co-citation analysis, three major research lines are
identified: “Women’s challenges and opportunities in the family business”, “Gender diversity in the family
business corporate board”, and “Gender and family SMEs management.” The temporal co-word analysis
reveals that “Gender diversity in the family business corporate board” is the latest research line.
Originality/value – By reviewing prominent cited references and documents that cited them, the authors
provide the landscapes and research gaps of three major research lines for further development.
An exploratory study of financial well-being among Malaysian households
2020, Journal of Asian Business and Economic Studies
Purpose - The purpose of this paper is to empirically explore the financial well-being (FWB) of Malaysian households and to construct a subjective FWB index with present and future time perspectives.
Design/methodology/approach - Data were collected from 1,867 respondents across five major regions in Malaysia. Adapting the InCharge Financial Distress/Financial Well-being (IFDFW) Scale by Prawitz et al. (2006) and the method of computing an index by Devlin (2009), this study develops an FWB index using subjective measures that include future time perspectives (retirement). The index was employed to measure the FWB across low-, middle- and high-income groups and socio-demographic characteristics.
Findings - This study finds evidence that Malaysians' FWB is at an average level (46.8). Middle-income households' FWB (46.1) flanks between the financial well-being index (FWBI) levels of the low-income (37.4) and high-income households (58.7). Across age groups, education levels and employment sectors, the FWB of Malaysians significantly varies, although not across different ethnics, religions, zones and residential areas. Overall, the results suggest that the detrimental effects of FWB are perceived by all Malaysian households nationwide regardless of their religion, ethnicity and residential areas.
Practical implications - The results of this study complement the other well-being indices used by policymakers and may serve as a useful input for government and policymakers for them to formulate appropriate strategies to promote higher FWB of Malaysian households based on their socio-demographic characteristics.
Originality/value - This study used primary data and developed a subjective FWB index that leverages on people's perceptions of their own financial well-being while including present and future time perspectives. The main contribution of this paper is to construct an index that is easily interpretable and that complements the existing FWB indices, and to identify the segments of society that have low vis-à-vis high FWB.