Wealth Research Articles

Analyzing the impact of Social Interaction on Stock Market Participation: A Qualitative Study Using NVivo

Background: Stock market participation plays a crucial role in wealth creation and economic welfare. Prior studies show social interaction factors like parental guidance, partner opinions and online networks can influence such financial decisions. However, little is known about their combined impact in developing markets. Methods: This study analyzed the influence of social interaction on stock market participation in Kathmandu Valley, Nepal. Qualitative data was collected through interviews of 10 investors and analyzed using NVivo software. Tools included word clouds, cluster analysis, sentiment analysis and thematic coding. Results: Results indicated that while parents generally lacked knowledge, some were influenced by participating relatives. Partners motivated research through information sharing and encouragement. Community reputation had a positive effect. Internet emerged as the dominant information source compared to offline relationships. Moderately positive sentiments were observed for community, partner and internet influences. Conclusion: Social interactions, particularly through the internet, collectively contributed to stock market participation. However, parental influence was less direct. Partners influenced primary market involvement through discussions. This provides novel insights into socio-cultural determinants of equity investing in an emerging South Asian context. Novelty: The study makes an original qualitative assessment of multiple social drivers on capital market engagement in Kathmandu Valley, adding new dimensions for understanding household finance decisions and developing inclusive capital markets.

Behavioural Responses to Wealth Taxation: Evidence from Colombia

Abstract We study behavioural responses to personal wealth taxes in Colombia. We utilise tax microdata from 1993 to 2016 linked with the leaked Panama Papers to investigate offshoring to the country’s key tax havens. We leverage variation from discrete jumps in tax liability and four major reforms to the wealth tax system, including changes in tax rates and duration, using bunching and difference-in-difference techniques. We find compelling evidence that taxpayers instantly reduce the wealth they declare in response to a wealth tax. Moreover, these effects can persist for years even after the wealth tax is no longer in place, providing the first evidence of a hysteresis effect for a temporary tax policy. The response is driven by misreporting items that authorities cannot cross-verify, such as overstating debt and understating non-third-party-reported business assets. Additionally, the wealthiest taxpayers respond to wealth tax increases by hiding assets in hard-to-track entities in tax havens.

Insecticidal Properties and Chemical Characterization of Laurus nobilis L. Essential Oils from Two Regions of Morocco against Callosobruchus maculatus (Coleoptera: Bruchinae)

Morocco is a significant botanical reservoir that boasts a wealth of raw materials with promising applications across various industrial sectors, notably in pharmaceuticals and food. The objective of this study was to assess the effectiveness of essential oils (EOs) derived from Laurus nobilis L. leaves originating from the Tanger (EOT) and Meknes (EOM) regions in combating Callosobruchus maculatus infection. The chemical compositions of these oils were examined using Fourier transform infrared (FTIR) spectroscopy and gas chromatography–mass spectrometry (GC-MS). The biological activity of the EOs was evaluated via repulsion and fumigation tests against C. maculatus at varying concentrations. FTIR analysis revealed distinct vibrational bands indicative of various chemical compounds. GC-MS analysis was used to delineate the major chemical constituents of the EOs. The three predominant compounds in the EOT were 1,8-cineole (37.64%), linalool (16.40%), and adamantane (12.00%), whereas 1,8-cineole (47.84%), toluene (17.60%), and α-phellandrene (8.44%) were the most abundant in the EOM. Notably, the EOs exhibited significant repellent activity against C. maculatus, with repulsion percentages ranging from 51.11 to 90.00% in Tanger and 67.78 to 93.33% in Meknes. Mortality rates varied from 0 to 100% depending on the treatment. However, the mean concentrations showed mortality rates ranging from 29.44 to 65.56% for the EOT and from 21.11 to 67.78% for the EOM, with LD50 values of 11.96 μL/L and 5.22 μL/L. Docking studies revealed that 1,8-cineole had the highest binding affinity for the active site of acetylcholinesterase, thus confirming its toxic activity against C. maculatus. The findings of this study highlight the ability of EOs extracted from L. nobilis in the Moroccan regions of Tanger and Meknes to act as effective insecticides and repellents against C. maculatus, thereby highlighting avenues for further exploration of pest management and agricultural practices.

A community of practice approach to the management of metal resources, metalworking and hoarding in Bronze Age societies

The burial of metals in hoards is a trademark phenomenon of prehistoric Europe that may be counterintuitive to perceptions of value nowadays. For the first time here, we establish detailed biographies of a large corpus of hoarded metal objects, providing new insights into how societies in the second millennium BC engaged with their convertible material wealth. We move beyond previous research on prehistoric hoarding commonly focussing on separate questions such as what was placed in hoards, who selected the objects, what were the origins of materials, and where and when they were buried. Analysing ca. 200 metal tools and weapons, we use data reduction methods to define technological pathways in the long biographies of hoarded objects extending across the sourcing of materials, production, use, decommissioning, and deposition in the Carpathian Basin. We show how the differential treatment of materials and objects was strongly biased by social decisions across artefact types. We identify shared, standardised signature treatments that crossed over social-spatial boundaries. Our findings bring new insights on the interface between communal and elite wealth management at the intersection of technological reasoning and cultural beliefs in prehistoric communities.

Analysis of Investment in Equity: Value or Growth Investing?

Mr. TVK Vivek Kumar, Managing Partner at Bestpals Research and Advisory LLP, was searching for investment opportunities during the lockdown period following COVID-19. The stock markets witnessed a crash and most stocks were trading at decade-low prices. Mr. Kumar identified this as an opportunity for investment and wealth creation. He started scanning the stocks related to different sectors like Retail, Fast Moving Consumer Goods, E-commerce, and soon discovered the agricultural equipment and machinery sector stocks may offer attractive opportunities. He collected data related to the agricultural machinery sector and details of Indian companies operating in the Agricultural Machinery and Farm equipment sector. After reviewing the company profiles, he concluded that Escorts Ltd. and VST Tillers Tractors Ltd. were less diversified companies that mostly focused on manufacturing agricultural equipment. Upon analyzing the financial performance of the two companies, he was unable to decide which of these two companies for investments had the potential to deliver better returns. The goal was to identify Value or Growth stocks for a short-term investment horizon of 12–18 months, as he had no idea what the long-term outlook might be in the post-COVID-19 era.

The impact of abortion restrictions on American mental health.

The overturning of Roe v. Wade has led to numerous states enacting new abortion restrictions. However, limited empirical evidence exists regarding the general mental health impact of these bans. Leveraging the nationwide Household Pulse Survey, we evaluate the impact of emergent gestational limits and outright bans on self-reported mental health status between July 2021 and June 2023 using a difference in difference approach. Responses indicate a significant increase in reports of mental distress after the institution of such restrictions. These effects appear to persist at least 4 months following a ban and are moderated by household income and education but not by sex, race, age, marital status, or sexual orientation. Less educated and less wealthy subjects reported greater mental health distress compared to wealthier, more educated groups. These results suggest that the institution of abortion restrictions has had broad negative implications for the mental health of people living in the US, particularly those of lower education and personal wealth.

The inclusive entrepreneurial state: collective wealth creation and distribution

Abstract This commentary explores how a new theory of value creation has implications for the distribution of that value. It argues that different theories of value creation lead to different resource allocations and different justifications for them. Thus, to achieve a more equitable distribution of value, a new theory of how that value is created in the first place is needed. This new theory should recognize that value is created collectively, not only by business but also by government and civil society. The state, while predominantly portrayed in traditional economics as a market fixer, has instead often been responsible for actively shaping and creating markets, not just fixing them. Indeed, the most successful capitalist economies have had proactive states that made risky investments, many of which led to technological revolutions. A better understanding of the state's role as a lead risk-taker and innovator (the ‘entrepreneurial state’) can thus also enable a more socially equitable distribution of value.

Digital Wealth Creation, Distribution and Common Prosperity

As a new form of social wealth, digital wealth is becoming an important force in the promotion of common prosperity. In the digital economy era, digital labor and data factors are important sources for creating digital wealth. The creation of digital commodity wealth is reflected in the process of value formation and value appreciation of digital goods, as well as in the expansion and reproduction process of data production factors. The creation of digital non-commodity wealth needs to rely on the coordination of multiple supply systems including government, enterprises, society and platforms. In the distribution of digital wealth in a socialist market economy, it is necessary to adhere to the basic distribution system with remuneration based on work as the main form and the coexistence of multiple distribution methods. It should fully reflect the value contribution of data factors while also addressing and resolving potential polarization effects caused by the distribution of digital wealth. On the basis of the new development stage, China should steadily advance the creation and accumulation of digital wealth on the basis of constantly strengthening, improving and expanding the digital economy, and should pay attention to standardizing the distribution of digital wealth in order to achieve a solid advance in the common prosperity of all the people.

Fighting for International Communism? Two Beijing Red Guards in Burma

In 1969, two Beijing sent-down youths, Zhang Yuhai and Shen Dawei, voluntarily joined the army of Burmese Communists. They soon died in battle. Their motivations have been understood as a response to Chairman Mao's mission to bring the Communist revolution to the world, and their short lives have been seen as a sacrifice for the cause of international communism. Based on a wealth of new materials from personal archives, such as diaries, letters, work notes, and interviews with survivors and family members, this article closely examines the family backgrounds and experiences of Zhang and Shen during the Cultural Revolution. In the light of these new materials, these red guards were motivated less by a shared fervor for global revolution and more by a desire to escape political purges, find alternatives to a dreary rural lifestyle, and, most importantly, protect themselves and their families from class-based humiliation and suspicion.

Assessing the Sustainability of Donated Livestock Projects by Operation Wealth Creation to Smallholder Farmers in Mitooma Sub-County Mitooma District

This research assessed the long-term sustainability of Operation Wealth Creation (OWC)'s donated livestock projects for smallholder farmers in Mitooma Sub-County, Uganda. The study uses a mixed-methods approach, incorporating quantitative surveys and qualitative interviews, with smallholder farmers selected through stratified random sampling. A study using structured questionnaires found that only 15% of households receiving donated livestock enterprises still own them, and 85% abandoned them within 9 years, indicating a lack of sustainability in these enterprises. The sustainability of donated livestock enterprises for small-scale farmers is influenced by family size, household income, food security, profitability, awareness of enterprise management practices, perception, culture, education, land tenure system, and age. Results also established that donated livestock enterprises significantly affected households to sell or trade the products (e.g., milk, meat, eggs) (P=0.000), households’ ability to cope with economic shocks or emergencies (P=0.001) and improving access to credit or financial services (P=0.013) and least significant in providing household income (P=0.668). Furthermore, results established donated livestock enterprise were less significant in increasing food availability (P=0.146), improving access to nutritious food, generating income for food purchase (P=0.913), facilitating asset accumulation for food security (P=0.116) and providing alternative coping mechanisms during periods of food scarcity (P=0.351). The study suggests that donated livestock enterprises are not sustainable, as many smallholder farmers abandon them within five years, and recommends enabling input suppliers and providing subsidies for farmers.

Possible lessons on rapid assessment of fish kills in cages in Lake Victoria, Kenya for informed decision making

Abstract Cage aquaculture is quickly expanding in the African Great Lakes Region, with the potential of boosting fish output and acting as a source of food security, poverty reduction, job and wealth creation. However, the proliferation of fish cages in Lake Victoria has come along with sporadic fish kills especially in the shallow zones of the lake in specifically the months of September to November each year and whose documentation is key for future references in case such occurrences reoccur. This paper indicates and discusses results from a rapid assessment of recent fish kills in the years 2021 and 2022 and sheds some light on the possible causes of the fish kills using standard methods and proposes mitigation measures moving forward. Low dissolved oxygen levels (≤ 4.0 mg L-1) instigated by increased eutrophication and upwelling are noted as the main causes of the fish kills. The application of good aquaculture practices for fish cage culture husbandry, application of guidelines as well as fast-tracking and enforcement of regulations will promote sustainable cage farming in such lacustrine systems.

INTERNATIONAL NON-GOVERNMENTAL ORGANIZATIONS STRATEGIES AND WEALTH CREATION IN RWANDA A CASE OF RWANDA RED CROSS

This research was about the International non-governmental organizations (INGOs) strategies and wealth creation. The main objective of this research was to examine the influence of International Non-Governmental Organizations (INGOs) strategies on wealth creation in Rwanda taking a case of Rwanda Red Cross in Nyabihama Village in Gisagara district. The specific objectives of this research were: To investigate the influence of direct support, Income generating projects and model village (Agasozi ndatwa) on wealth creation in Nyabihama village. The study adopted mixed research design where both qualitative and quantitative methods were used. The target population was 114 people of Nyabihama village who are ones of the beneficiaries of Rwanda Red Cross. In selecting sample, the researcher used census sampling and purposive sampling techniques. Primary data was collected using questionnaires and interview. Data collected was analyzed using thematic analysis and SPSS version 26. The results presented that there was a statistically significant relationship between direct support and wealth creation, a significance influence of income generating projects on wealth creation, and a statistically significant relationship between the model village and wealth creation in Nyabihama Village as they were explained in the Research Findings and Discussions section. It was concluded that there was a statistically significant relationship between International Non-Governmental Organizations (INGOs) strategies and wealth creation in Rwanda where to some extent those strategies promoted wealth creation however to another extent wealth creation was not achieved.

WAKAF BERTEMPOH (MUAQQAT) SATU CADANGAN PENGIKTIRAFAN, PENGUKURAN DAN PENDEDAHAN DALAM PENYATA KEWANGAN

Waqf is one of the important instruments in Muslims economic development. Through waqf, long-term assets that generate income flows can be created and preserved. These assets clearly assist in the generation and creation of wealth. Waqf has the potential to play a significant role in poverty eradication by focusing its benefits on the poor. Most Malaysian states, as indicated in the State Administration of Islamic Law Enactment and the State Waqf Enactment, impose only on perpetuity property based on the Shafiiy school of law. However, there are certain states allowed the implementation of temporary waqf such as Johor, Terengganu, Federal Territory of Kuala Lumpur, and Sarawak. Thus, the purpose of this article is to investigate the barriers to the implementation of temperory waqf in Malaysia, as well as the financial recording. This paper also provides recommendations in the recognition, measurement and disclosure for wakafmuaqqat in the financial statements. This paper has conducted inductive and deductive methods. In this qualitative research, data has been collected by using library research, observations, and interview with some respondents related to wakaf such as Deputy Executive of State Waqf in Selangor and Waqf Manager in Yayasan Canselor University Kebangsaan Malaysia. The result of this paper shows that there are problems in terms of legislation obstacles, lack of expert manpower in managing waqf, and problem of Baitulmals administration that is inefficient and unsystematic. This paper also gives some recommendations in the recognition, measurement and disclosure for temperory waqf in the financial statements.

ADOPTION INTENTION FACTORS OF ROBO-ADVISORY INVESTMENT

Participation in various financial instruments is crucial for financial engagement and wealth creation. However, lower investment adoption intention and participation levels, especially in robo-advisory instruments, need to be discussed further. Understanding the determinants of adoption intention on robo-advisors is essential for developing effective investment decision-making, thus promoting financial literacy and investment behavior. Thus, this qualitative study aims to identify the adoption intention factors of robo-advisory investment. The researcher analyzed 28 indexed journal articles using NVivo. The result highlighted that financial literacy, perceived risk, and perceived trust are the most dominant factors derived from the analysis. By shedding light on the factors influencing adoption intention, the research informs the development of more effective interventions and policies to encourage individuals to invest in their financial future.

Diagnosing Qur’ānic Precepts on Wealth Creation in Digital Age

This study examines how Islamic economic principles can provide guidance for ethical wealth creation, protection, and distribution in the rapidly evolving digital economy, particularly in the face of cybercrime and financial scams. The research investigates the adaptability of Islamic teachings to digital economic activities, emphasizing the importance of lawful enterprise and social responsibility. The study employs qualitative analysis of Qur'anic precepts, Hadiths, and contemporary Islamic scholarship. The findings reveal that Islamic wealth management principles are not only compatible with but also vital for navigating the complexities of the digital age. These principles advocate for ethical earning, robust protection of wealth through cybersecurity measures, and the socially responsible distribution of wealth. The study emphasizes the necessity for precise legal frameworks that align with Islamic ethical standards in digital commerce, alongside a strong emphasis on education regarding digital economic activities within an Islamic framework. Engaging in the digital economy under Islamic guidelines is feasible and advantageous, highlighting the critical role of international cooperation among Muslim countries to combat cybercrime and ensure a secure, equitable digital economic environment. This approach fosters economic resilience and social welfare in accordance with Islamic values.

PSYCHOLOGICAL SKILL ASSISTANCE FOR MARRIED COUPLES WHO ARE ALUMNI OF PRE-MARITAL COURSES AT BP4 - PARIAMAN CITY

This paper aims to see how far BP4 Pariaman City has a role in strengthening human psycho-social in the field of social welfare; services for alumni of post-marriage couples need to be followed up with a balanced program. The lack of psycho-social understanding of pre-marital post-marriage course graduates will have great potential to add to the long line of early marriage ages in Pariaman City. The fundamental problem that is most troubling is their ignorance of the responsibilities, rights and obligations of husband and wife in the household. To overcome this solution, the service team identified the problem of spaciousness. It mapped the problem to be treated (treatment) for the subject of service through two stages: family psychology guidance and Islamic family counseling. The first stage is pre-activity in the form of a Focus Discussion Group (FGD) presenting lecturers as participants to provide input for the mentoring action plan to be carried out. The second stage is action activities, including psychological skill assistance in family psychology and group counseling. This activity has generally received appreciation from stakeholders (BP4 Pariaman City management, pre-marital course alumni) because this program has offered various alternatives for their self-development in elaborating their knowledge to be applied in household life. The results of the reflection and evaluation of the program offered by the service conclude that they understand that a sakinah mawaddah wa rahmah household life is not achieved by material wealth but by the ability to accept oneself and have a correct understanding of an Islamic household. They understand that household problems cannot be measured only by logic. However, it includes religious and spiritual matters the human mind cannot reach. Therefore, they understand that household responsibilities are worldly matters and matters of the afterlife, which are related to God.

DOES THE LEGAL FRAMEWORK GOVERNING EMERGING INSTITUTIONS IN ALGERIA DIFFER FROM THAT OF TRADITIONAL PROJECTS?

Emerging institutions have garnered significant worldwide attention due to their unique characteristics and pivotal roles in fostering economic development. These institutions represent innovative economic models that have gained prominence in numerous countries, aiming to nurture emerging ventures and empower innovators. Like many nations, Algeria has adopted an alternative economic approach to achieve sustainable development and elevate the national economy. This approach prioritizes fostering creativity and innovation, enabling economic diversification, and encouraging the establishing of emerging institutions. Algeria aims to drive the desired development and investment momentum by expanding business opportunities within a sound economic environment. This strategy is a viable alternative to wealth creation and economic expansion beyond the hydrocarbon sector and traditional economic rents. Hence, Algeria issued an arsenal of legal texts to encourage these institutions and open the door for those with innovative ideas to implement their ideas on the ground. Therefore, supporting emerging enterprises has become a priority for Algerian economic decision-makers to contribute to advancing development and enhancing local production.

The Essence of Ridha: Ibn Qayyim al-Jauziyah's Views on Spiritual Fulfillment and Divine Acceptance

This paper investigates the Islamic philosophical and theological concept of ridha as elucidated by the prominent scholar Ibn Qayyim Al-Jauziyah. Ridha, in Ibn Qayyim’s view, represents a state of inner tranquility and acceptance, essential for mitigating anxiety and dissatisfaction in individuals. Despite the material wealth prevalent in contemporary society, many still experience spiritual unrest due to a lack of ridha. This study posits that true belief in God necessitates a serene acceptance of divine provisions, embracing both adversities and blessings with contentment. The research employs a qualitative approach, utilizing library research and descriptive analysis of relevant literature to provide a comprehensive understanding of ridha. Content analysis techniques are applied to systematically evaluate and interpret the concept and its implications. Findings reveal that for Ibn Qayyim, ridha involves a profound acceptance of Allah’s will, characterized by the absence of discontent towards divine decrees and a balanced approach to both favorable and adverse circumstances. The study delineates three progressive stages of ridha: reconciling with one's situation, fostering harmonious relationships with others, and overcoming envy. This exploration underscores the enduring relevance of ridha in addressing modern existential challenges and spiritual fulfillment.

Mediating Poverty on Arab Television

The recent interest in depicting poverty on Arab television has increased through a new genre of reality television shows focused on charity. This article focuses on one such show on Iraqi television. Through a multimodal analysis of selected recent episodes, the article asks how poverty is being mediated, what the overarching narrative is and its underpinning values and norms. The analysis is anchored on the concept of divine economy, which emphasizes personal faith and optimism, placing blame on individuals experiencing poverty. The thrust of the argument is that poverty is mediated as a performance and a social activity, while being distributed as an aesthetic product to Arab audiences inside and outside Iraq. This form of mediation enforces the neoliberal idea of hard work in return for aid, promoting the belief that personal wealth is attainable through individual effort, faith, and positive thinking. In so doing, the focus is shifted away from debating the distribution of wealth and opportunities within society.

Mademoiselle de Montpensier: female politician and military leader during the Fronde

Importance. The history of women, the interest in which in national and foreign historiography does not wane, is a pressing problem for historians studying the Fronde in France (1648–1653). During the Civil War, active aristocratic women had the opportunity to express themselves as politicians and even as military leaders on an equal basis with men, and sometimes even overshadow them. An example of this is Mademoiselle de Montpensier who left a detailed account of her enterprises in her Memoirs. They are the main source of this research work and are supplemented by information from the “Memoirs” of another participant in the Fronde, Cardinal de Retz. The purpose of the work is to evaluate her actions in political and military events during the Fronde, to find out the reasons why the Duchess was able to become a political and military leader at a time when women did not have the right to be ministers or generals.Research Methods. To study the materials within the «Memoirs», methods of social history, the study of sources of personal origin, and historical and comparative methods are used.Results and Discussion. The analysis of the sources used shows that Princess de Montpensier was by no means a typical frondeur – her goals, means, and motivations were different from those used by many other “rebels”. Many aristocratic women became “oppositionists” for economic reasons – they joined parties in order to achieve personal goals, which were often selfish. The princess, young, active, physically strong and healthy, received a rich inheritance and solved political and military problems during the Fronde. The combination of personal qualities, wealth and high position in society gave her the opportunity to become the most famous and active frontwoman.Conclusion. To summarize, it should be noted that the memoirist purposefully sought to participate in the political life of France in the mid-17th century. and achieved success. She became a more significant politician than her father, Gaston d’Orleans, and took a significant part in the activities of the party of the Prince de Condé and in the campaigns of his army.