Asian Market Research Articles

“Relationship Between The Volume Of Trade And Volatility Spillover Between The Selected Developed And Emerging Asian Markets”

“Relationship Between The Volume Of Trade And Volatility Spillover Between The Selected Developed And Emerging Asian Markets”

Progress in Wound-Healing Products Based on Natural Compounds, Stem Cells, and MicroRNA-Based Biopolymers in the European, USA, and Asian Markets: Opportunities, Barriers, and Regulatory Issues.

Wounds are breaks in the continuity of the skin and underlying tissues, resulting from external causes such as cuts, blows, impacts, or surgical interventions. Countless individuals suffer minor to severe injuries, with unfortunate cases even leading to death. In today's scenario, several commercial products are available to facilitate the healing process of wounds, although chronic wounds still present more challenges than acute wounds. Nevertheless, the huge demand for wound-care products within the healthcare sector has given rise to a rapidly growing market, fostering continuous research and development endeavors for innovative wound-healing solutions. Today, there are many commercially available products including those based on natural biopolymers, stem cells, and microRNAs that promote healing from wounds. This article explores the recent breakthroughs in wound-healing products that harness the potential of natural biopolymers, stem cells, and microRNAs. A comprehensive exploration is undertaken, covering not only commercially available products but also those still in the research phase. Additionally, we provide a thorough examination of the opportunities, obstacles, and regulatory considerations influencing the potential commercialization of wound-healing products across the diverse markets of Europe, America, and Asia.

Inter-linkages Among Selected Stock Markets of South Asia: Revisit

The present study investigates the inter linkages among South Asian stock markets namely India, Sri Lanka and Pakistan. The topic is important for international investors because if the stock markets are found integrated with each other then they cannot reap profits from portfolio diversification or reduction in risk. Daily closing prices of the bench mark indices of three countries are taken for a period from 1 Jan. 2001 to 23th Feb. 2023. The paper used statistical tools such as descriptive statistics and correlation analysis and on the other hand, the econometric techniques namely Johansen’s Co integration test, VAR, Variance Decomposition Analysis, Impulse response function and Granger causality test and the selected stock markets are found interlinked in long run as well as in short run.

The production of Asian public space: the role of the transnational developer

ABSTRACT Accounts of projects generally credit design vision to the landscape architect or architect, relegating the role of the developer to the client. This essay offers an alternative perspective, arguing for the recognition of the Asian developer as an agent of transnational design innovation. While there has been ample discussion of the wealth to be made in the Asian property market, little attention has been paid to the developer’s motives and ambitions beyond economic gain. Through the discussion of two transnational development companies, CapitaLand and Swire Properties, we demonstrate the role these Asian-based developers have played in establishing an emerging urban public domain in some dense Asian cities.

Survival Strategies of Non-Working Individuals in ASIA Cost Effective Service Oriented Model for Recruitment

The research aim to study on survival strategies for out-of-work individuals in Asia, a cost- effective service model for recruitment, has set key objectives as follows. First to study the survival strategies of people who are not working in Asia. Second to study the format of employment recruitment services. in the Asian region and final to study the labor market in Asia and current trends. This research study on survival strategies for out-of-work individuals in Asia, a cost- effective service model for recruitment, has set key objectives as follows. First to study the survival strategies of people who are not working in Asia. Second to study the format of employment recruitment services. in the Asian region the last to study the labor market in Asia and current trends. The researcher has qualitative research. Focus on education Survival strategies for non- working individuals in Asia Job recruitment service format in the Asian region and study the labor market in Asia and current trends By collecting data from labor news in the Asian region. and human resource management experts and analyze the obtained data to study Labor market guidelines in Asia and current trends. The results showed the Thai labor drive has awesome associations with co-workers They can moreover express their conclusions and be themselves. Counting being acknowledged by the boss. This is often apparent from the comes about of the study on acknowledgment and ability to be true to yourself within the workplace. which Thailand is treated more similarly and reasonably than within the Asia-Pacific locale (70% of Thailand vs. 52% of Asia-Pacific and 71% of Thailand vs. 53% of Asia-Pacific, separately).The Thai labor force sees the work they do as connected to organizational goals and personal goals. Make them feel that the work they do is valuable and meaningful, with 71% of survey respondents saying Their work can fill the mind. Higher than Asia Pacific at 51% .The Thai labor force sees progress and learning opportunities to grow their careers and develop themselves in the workplace. which matches the characteristics of Gen Y and Gen Z who like to learn. and try new things.

Factors Influencing Private Equity Investments in Asian Countries

An overview of investment activities of the Asian private equity market is presented in this paper. The study began with a close examination of the movements in the Asian private equity market over the last few years and a comparison of Asian and other developed nations' private equity investing practices. The observation gave rise to a hypothesis that Asian and Western economies may not be directly comparable in terms of their influencing factors. As a result, investigating the variables impacting private equity investments in Asian economies has become the primary research question. The private investment activity of five Asian economies—China, Japan, South Korea, Singapore, and India—between 2010 and 2023 was examined in this study. The total private equity investment value across all five Asian economies' sectors was used to gauge the level of investment activity. The study was based on about three major dimensions: the investment environment, economic conditions and research & development. Eight explanatory variables, including GDP, inflation, interest rates, stock market capitalization, research and development expenditure as a percentage of GDP, and the Intellectual Property Rights Index (IPRI), were included in the dataset. The correlation study between each of the eight variables has been performed before more in-depth analysis. The study was conducted using the regression analysis approach. The analysis identified that IPO, GDP and Research & Development (R&D) have a strong and significant impact on private equity investments, being significant drivers in attracting investments. The inflation has shown least influence on private equity investments. The IPRI index, stock market capitalization and liquidation showed no influence on the private equity investments. Lastly the results are subjected to limited data available about the factors. Keywords: Asian economies, Private equity, Investments

A Study on the Spill Over Effects on Nifty 50 Returns: Evidence from Stock Market Performances of Major Asian Counterparts of India

This study investigates the spillover effects of major Asian stock market performances on the returns of the Nifty 50, India's benchmark index. Employing advanced econometric techniques, we analyze the dynamic relationships between the Nifty 50 and key Asian counterparts, considering both short-term and long-term horizons. Our research delves into return spillovers aiming to comprehensively assess the interconnectedness and transmission of market movements across the region. This study utilizes an extensive dataset covering Nifty 50 returns from April 1, 2013, to March 31, 2023, along with meticulously documented returns from stock market indexes linked to major strategic alliances in India. By applying advanced multivariate time series analysis techniques, encompassing Vector Autoregression (VAR), Granger causality tests, and impulse response functions, we model the intricate dynamics interweaving these indexes with the Nifty 50. The research endeavors to answer fundamental questions, including assessing short- term and long-term effects resulting from major Asian counterparts of India on Nifty returns, as well as exploring noticeable patterns that indicate the direction of causality between these counterparts and Nifty returns. The outcomes of this study carry substantial implications for decision-makers. Investors can make more informed decisions, businesses planning strategic partnerships can refine their strategies, and policymakers can formulate economic and financial regulations that accurately reflect the complexities of these dynamics. By unveiling the ripple effects of these counterparts on the Nifty 50, this research offers valuable insights into the evolving dynamics of India's financial markets and their integration into the global economy.

Climate Risk and Sustainable Investment in Asia

This study conducts an empirical analysis of the impact of climate risk on Environmental, Social, and Governance (ESG) investments in Asia. Using monthly data from 2015 to 2022 for 11 Asian countries and applying wavelet coherence analysis with a panel Auto-regressive Distributed Lag Model (ARDL) cointegration approach, the study concludes that (1) ESG and stock market returns are positively correlated during economic turmoil in China and Malaysia; (2) climate risk positively influences ESG returns, suggesting that it enhances returns during uncertain times rather than having a detrimental effect; (3) returns on conventional assets are negatively impacted by climate risk; and (4) ESG investments serve as an effective hedge against climate risk and provide a sound strategy for portfolio diversification in the Asian market.

Impact of Oil and Gold Prices on Southeast Asian Stock Markets: Empirical Evidence from Quantile Regression Analysis

According to Chang and Li (2022), the COVID-19 pandemic may have had an impact on the European and American capital markets’ dependence on crude oil. However, no studies have assessed the returns and impacts of crude oil and gold prices on Southeast Asian stock markets in conjunction with the COVID-19 pandemic. To address this gap, a quantile regression model was used to analyze data of Southeast Asia stock prices from 2016 to 2023, alongside the daily closing prices of Dubai crude oil and world gold. The findings suggest that crude oil has a large trickle-down impact on the Southeast Asian market returns. This highlights the importance of dynamic linkages over time by reporting dynamic spillover to be statistically significant in Southeast Asian stock returns. Most stock returns show that volatility shocks are enduring. In Singapore and Thailand, the gold returns significantly and favorably affect the stock returns at all quantiles. At various quantiles, the impact of gold returns is notably favorable in the remaining scenarios.

TRENDS AND PROSPECTS OF TRADE AND ECONOMIC COOPERATION BETWEEN KAZAKHSTAN AND ITALY

The article discusses the main directions of strategic cooperation between the Republic of Kazakhstan and the Italian Republic in the trade and economic fields. It is emphasized that the strategic partnership between the two countries is based on a solid foundation, and mutually beneficial relations with the Italian Republic, which is the third largest economy in the eurozone, has become a priority of the foreign policy of the Republic of Kazakhstan. In August 1992, an agreement was signed between the Italian Republic and the Republic of Kazakhstan to establish diplomatic relations. In 2007 the Business Council of Kazakhstan and Italy was created, the Intergovernmental Working Group on Industrial and Economic Cooperation and Exchange also operates.During this period the two states were able to raise the level of bilateral relations to a strategic partnership, went through formation, development and transformation and are looking for reserves to continue effective multilateral cooperation. The need for research is due to a number of factors. Firstly, for Italy, as a country with an open economy, the market of Kazakhstan and Central Asia is an important platform for promoting its goods and services. Secondly, establishing multilateral relations between the two countries is in the interests o f both the European Union and the Eurasian integration. Thirdly, the participation of Italy and Kazakhstan in achieving common goals on the world stage within the UN and the OSCE contributes to an understanding of the goals of foreign policy and constructive dialogue. Kazakhstan is interested in Italy’s experience in the development of small and medium-sized enterprises; we are talking about combining efforts in creating new enterprises in various fields.The relevance of the article lies in the fact that Kazakhstan and Italy build their relations on alliance and respect for national interests and understand the importance of strategic interaction, which will only increase in connection with the integration processes taking place in Europe and the Eurasian space. Today large-scale political transformations are being carried out in Kazakhstan. The Head of our state has proposed a program of reforms aimed at modernizing the political system, improving mechanisms for protecting human rights, and building a New Kazakhstan. In this context the dynamic relationship with the Italian Republic makes an important contribution to the implementation and promotion of the reforms carried out in our country.Kazakhstan intends to continue to pursue a foreign policy aimed at comprehensively strengthening and developing the strategic partnership with Italy.

Bidirectional Risk Spillovers between Chinese and Asian Stock Markets: A Dynamic Copula-EVT-CoVaR Approach

This study aims to investigate bidirectional risk spillovers between the Chinese and other Asian stock markets. To achieve this, we construct a dynamic Copula-EVT-CoVaR model based on 11 Asian stock indexes from 1 January 2007 to 31 December 2021. The findings show that, firstly, synchronicity exists between the Chinese stock market and other Asian stock markets, creating conditions for risk contagion. Secondly, the Chinese stock market exhibits a strong risk spillover to other Asian stock markets with time-varying and heterogeneous characteristics. Additionally, the risk spillover displays an asymmetry, indicating that the intensity of risk spillover from other Asian stock markets to the Chinese is weaker than that from the Chinese to other Asian stock markets. Finally, the Chinese stock market generated significant extreme risk spillovers to other Asian stock markets during the 2007–2009 global financial crisis, the European debt crisis, the 2015–2016 Chinese stock market crash, and the China–US trade war. However, during the COVID-19 pandemic, the risk spillover intensity of the Chinese stock market was weaker, and it acted as the recipient of risk from other Asian stock markets. The originality of this study is reflected in proposing a novel dynamic copula-EVT-CoVaR model and incorporating multiple crises into an analytical framework to examine bidirectional risk spillover effects. These findings can help Asian countries (regions) adopt effective supervision to deal with cross-border risk spillovers and assist Asian stock market investors in optimizing portfolio strategies.

The Development of EV Market in ASEAN: Is It Potensial?

The prevailing anticipation is that electric cars will establish themselves as the predominant influence in the automotive sector in the next decade. Indonesia and Thailand are two major automobile assembly facilities in the ASEAN area, and they are recognized as some of the biggest internationally. Nevertheless, it is important to evaluate if this specific company has the capacity to replace the well-established fossil-fuel vehicle sector, which has retained its control over the market throughout a significant duration. The conclusive investigation involves using digital analytical methodologies to ascertain consumer demand in the ASEAN area. This study provides a thorough examination of strategies designed to promote the expansion of the electric vehicle sector. These tactics include using technical breakthroughs to efficiently reduce the manufacturing expenses and selling prices of electric automobiles. Furthermore, the article emphasizes the importance of manufacturers' participation in the formation of this sector in the Southeast Asian.

Parallel multivariate deep learning models for time-series prediction: A comparative analysis in Asian stock markets

<span lang="EN-US">This study investigates deep learning models for financial data prediction and examines whether the architecture of a deep learning model and time-series data properties affect prediction accuracy. Comparing the performance of convolutional neural network (CNN), long short-term memory (LSTM), Stacked-LSTM, CNN-LSTM, and convolutional LSTM (ConvLSTM) when used as a prediction approach to a collection of financial time-series data is the main methodology of this study. In this instance, only those deep learning architectures that can predict multivariate time-series data sets in parallel are considered. This research uses the daily movements of 4 (four) Asian stock market indices from 1 January 2020 to 31 December 2020. Using data from the early phase of the spread of the Covid-19 pandemic that has created worldwide economic turmoil is intended to validate the performance of the analyzed deep learning models. Experiment results and analytical findings indicate that there is no superior deep learning model that consistently makes the most accurate predictions for all states' financial data. In addition, a single deep learning model tends to provide more accurate predictions for more stable time-series data, but the hybrid model is preferred for more chaotic time-series data.</span>

Socioeconomic Importance of the Small-Scale Mud Crab Fishing (Scylla Serrata, Forskall 1775) in the Bons Sinais Estuary—Mozambique

Mud crab fishing (Scylla serrata) is an important activity contributing to the livelihood of coastal communities in Mozambique. The abundance of this crab and the increase in international companies in the region that exclusively buy crabs and export to the Asian market have caused fisheries to gain local importance in recent years. The present study evaluates the socioeconomic importance of mud crab fishing and the contribution of this activity to the quality of life (QoL) of the local communities along the Bons Sinais Estuary (BSE)—Mozambique. The study was conducted in three fishing villages of the BSE (Mucupia, Carungo, and Inhangulue) to collect information on the economic and sociocultural structure conditions of the local crab families. Field data collection focuses on direct observation and a semi-structured questionnaire divided into four categories/dimensions: fishing activity (FA), family structure (FS), typology of household expenditure (HE), and other activities (OTA). The socioeconomic conditions of fishers’ families were analyzed based on the fishery contribution index (FCI), which comprises different indicators related to FA, HE, and OTA. The monthly fishing revenue ranged from MZN 2.500 (EUR ≈ 35) to MZN 30.000 (EUR ≈ 417), with an average of around MZN 10.796 (EUR ≈ 150) per fisher, slightly exceeding the minimum wage set for public service in Mozambique, which is around MZN 8000 (EUR ≈ 112). The contribution of mud crab fishing is low and is not directly related to enhancement of QoL, meaning that the fishing revenue of mud crabs is barely enough to cover the basic needs of fishers’ families, such as basic services and basic goods. Investments are mainly for transport, including bicycles. The FCI was also low, standing at the alert level (FCI = 0.26–0.50) in all three communities. As the crab market is still growing in the country, it is important that the government, through competent authorities, creates public policies to ensure sustainable exploitation, regulates the selling price of mud crabs according to size, as happens in other countries, and promotes basic services that facilitate the self-development of the fishing communities.

Research on the reform of teaching content and methods for the 'online store customer service' course aimed at the ASEAN market in cross-border e-commerce

With the implementation of visa exemption policies for China by ASEAN countries such as Malaysia, Singapore, and Thailand, cross-border e-commerce in Guangxi, oriented towards the ASEAN market, has developed rapidly. This is particularly evident in the increased demand for customer service talents in online stores engaged in cross-border e-commerce. In this context, the reform of the 'Online Store Customer Service' course assumes significant importance. This paper delves into the e-commerce environment, cultural differences, and consumer habits of ASEAN, identifying shortcomings in the existing course structure. Addressing these shortcomings, the paper proposes a series of practical and feasible reform measures aimed at enhancing the practicality and internationalization of the course. These reforms are designed to cultivate professional customer service personnel who can effectively communicate in a cross-cultural context. Finally, the study discusses the practical implications of this research and outlines future research directions.

Dual-Class Share Structure in the Indonesian Equity Market

A lot of major equity markets abroad have allowed the listing of the Dual-Class Share Structure (DCSS) corporations. DCSS is an agreement in which two types of shares are issued by the very same firm, with one type of share conferring greater power compared to the other. The Indonesian Stock Exchange only allows for limited access for DCSS technology-related corporations to list on its Mainboard. To remain attractive as Southeast Asia's top financial centre, Indonesia needs to alter its securities regulations while making its listing market adaptable to meet the needs of various enterprises. This research aims to analyse and elaborate on permitting DCSS corporations to go public and devise suitable governance safeguards to guarantee the highest possible standards of corporate governance are upheld. This research explores the legal certainty and applicability of DCSS in the Indonesian equity market and abroad, using a qualitative approach and thematic analysis of secondary data. The major finding of this research is the acceptance of DCSS adds to issues with abuse of power by the controlling shareholders, which was outweighed by their cash flow rights. While those in favour of DCSS argue that the existing shareholders' main reason for choosing a DCSS arrangement is to preserve company control. Most major exchanges in the world have taken action to accommodate DCSS going public, like those in the USA, Hong Kong, Singapore, and China. Considering the magnitude of the Asian market, Indonesia can emulate the accomplishments of other exchanges too. A series of recommendations are provided to guarantee the highest standards of corporate governance can be upheld, such as: permitting DCSS for new entrants and innovative businesses, regulating the ownership of enhanced voting shares, and setting out sunset provisions for DCSS arrangement.

David vs Goliath: How Electric Vehicle Penetrate the Conventional Automotive Market in ASEAN

Electric Vehicle is an automotive industry that is predicted to be the future. In particular, in ASEAN, which has two car assembly centers, one of the largest in the world, namely Indonesia and Thailand. But is this industry able to take the market from the fossil fuel car industry? which has been a giant for decades. This study uses an exploratory qualitative approach to process the data found from secondary data and mixed them with deep literature review. The final analysis is also equipped with digital analytical analysis to determine consumer interest in ASEAN. This study finds several strategies for the electric car industry to develop, first the crucial role of government, second is the technological innovation that makes the cost and selling price of electric vehicles become affordable and third, the collaboration of manufacturers in developing this industry in Southeast Asia is mandatory.

Modeling the intention to consume and willingness to pay premium price for 3D-printed food in an emerging economy

This study examined the factors influencing customers’ consumption intentions and willingness to pay a premium price for 3D-printed food by combining personal innovativeness, perceived compatibility, perceived product value, desire to eat, and willingness to pay a premium price for 3D-printed food into a conceptual framework. Applying the extended theory of planned behavior (TPB) framework with personal innovativeness, perceived compatibility, and perceived product value, this study obtained data from 1540 respondents using an online cross-sectional questionnaire and utilized partial least squares structural equation modeling to verify the study hypotheses. The findings revealed that personal inventiveness, attitude, perceived compatibility, subjective norms, perceived product value, and perceived behavioral control exert a significant influence on the intention and willingness to pay a premium price for 3D-printed food. The result also showed that perceived behavior and intention significantly affect willingness to pay a premium price for 3D-printed food. Furthermore, the outcome confirmed that, with the exception of the link between perceived product value, subjective norms, and willingness to pay a premium price for 3D-printed food, intention serves as a significant mediator in the relationship between factors and willingness to pay a premium price for 3D-printed food. This research contributes to the theoretical understanding of the factors that influence consumers’ intention to consume and willingness to pay a premium for 3D-printed food, providing new insights from new variables and broadening the scope of the TPB’s original model in the perspective of new food settings and Asian nations. These findings imply that 3D-printed food sellers in the Asian market need to pay more attention to the factors that stimulate customers’ intentions, which, in turn, affect consumers’ views of perceived product value and improve their readiness to pay a premium price for 3D-printed food.

How does earnings management impact annual report readability?

This research investigates the relationship between earnings management and annual report readability for companies listed on the Singapore Stock Exchange (SGX). Research on earnings management (EM) and the ability to read the annual report play a crucial role for investors as well as other stakeholders. The extent of earnings management can be determined based on annual reports. The analysis is based on the data of 251 domestic companies listed on the SGX from 2016 to 2021. Regression analysis of panel data was conducted using STATA version 15 software in this research. The result shows that companies with more aggressive earnings management tend to make annual reports more complex and, hence, less readable. In addition, the study also shows that the impact of earnings management on the annual report readability for enterprises of different sizes, profits, ages, and levels of financial distress is the same. Theoretically, the findings of this research for a developed financial market in Asia (Singapore) further confirm and reinforce the findings about the relationship between earnings management and report readability. In addition, one may draw important practical implications for investors as well as stakeholders in general; in particular, stakeholders may have more evidence for suspicions about earnings management whenever the annual reports become more difficult to read and understand.

Wine Quality Prediction using Machine Learning

Abstract: According to the most recent statistics, India is a developing wine market in Asia's New World countries. Although the Indian wine business is in its infancy in terms of area, predictions, and marketing of wines, eighty percent of consumption is concentrated in cities. In today’s world, it is very crucial to find out the quality of the wine we are using as it can affect our health, badly. [8] This model aims to predict the quality of different types of wines, based on parameters like percentage of acidity, sulphates, chlorides, sugar, pH used. This model demonstrates, how statistically it can be used to identify the components that mainly control the wine before it is produced in the country. This will also assist winemakers regulate quality, which will benefit both, the country's economy, and people's health.