rss_2.0ECONOMICS FeedSciendo RSS Feed for ECONOMICS Feed Models of Enterprises in the Conditions of Digital Transformation: Global and Domestic Experience<abstract> <title style='display:none'>Abstract</title> <p>The article aims to provide a comprehensive overview of both theoretical concepts and practical applications regarding the transformation of business models in the context of digitalizing the economy. In the current digital landscape, traditional business models may no longer suffice to sustain growth and competitiveness. Therefore, there is a pressing need to identify and adopt novel approaches that leverage digital technologies to their fullest potential. By examining the latest trends and emerging paradigms in economy’s, the article aims to re-think their strategies and embrace digital transformation proactively. This involves not only incorporating technology into existing operations but also reimagining the entire business model to capitalize on new opportunities and address evolving consumer behaviors. Furthermore, the article aims to provide practical insights and actionable recommendations for businesses looking to embark on their digital transformation journey.</p> </abstract>ARTICLEtrue Impact of Inflation on Financial Sector Performance: Evidence from OECD Countries<abstract> <title style='display:none'>Abstract</title> <p>This research article investigates the relationship between inflation and the performance of the financial sector within OECD countries, a group critical to global economic stability. The financial sector is a basis of sustainable economic growth, and its performance is heavily influenced by the macroeconomic environment, particularly inflation. This study analyses how inflation, alongside other significant factors such as real GDP growth, government size, trade openness, and interest rates, impacts the financial sector development. By examining data from 38 OECD countries over a 20-year period (2002-2021), this research employs a comprehensive approach using both static and dynamic panel regression models. The results consistently indicate a negative correlation between inflation and the key financial sector variables, suggesting that higher inflation levels undermine financial sector performance. These findings underscore the importance of maintaining low and stable inflation to foster an efficient and stable financial sector. This study makes a valuable contribution to the literature by focusing specifically on OECD countries, which are often seen as benchmarks for economic policies and financial systems.</p> </abstract>ARTICLEtrue, Trust in the Central Bank and the Privacy Paradox<abstract> <title style='display:none'>Abstract</title> <p>Privacy/anonymity of digital transactions is an issue that potentially may affect demand for central bank digital currency. Does discussions about privacy paradox related to CBDC? In this paper, basing on the respondent’s survey, we construct indexes of privacy preferences (in general, in digital and financial environment) to identify relations between stated preferences in different contexts and between choice toward anonymity vs functionality of CBDC, trust to central bank as CBDC issuer and its independence as a precondition to guaranty anonymity of transactions. We find that generally respondents demonstrate consequence of preferences in terms of, what we call, general privacy, privacy in digital and financial environment. Distribution of obtained 3 indexes demonstrates some differences. Probit model also demonstrates that relation between choice toward anonymity over functionality of CBDC and level of 3 indexes is modest. Where is no correspondence between choice toward anonymity over functionality and trust in central bank and its independence. However, respondents demonstrate high level of trust in central bank ability to guaranty anonymity of transactions and view independence as supporting it even opting functionality over anonymity. We reach a conclusion that some weak form of privacy paradox is exist, central banks, promoting CBDC, should stress on functionality of it. However, privacy should not be ignored. It is better to have it as “nice bonus” to functionality of CBDC.</p> </abstract>ARTICLEtrue Study of Digitalization Impact on Global Goods and Services Markets in Advanced and Developing Economies<abstract> <title style='display:none'>Abstract</title> <p>In the era of rapid technological progress, the influence of dizitalization on different aspects of international economic activity can’t be overstated. The aim of this article is to conduct a comprehensive comparative study of digitalization’s impact on global goods and services markets, with a specific focus on advanced and developing economies using multiple linear regression. The research methodology involved comprehensive data collection for 35-38 advanced economies and 52-66 developing economies depending on the availability of data. The analysis included depended variables (18 export and import goods sectors and 18 export and import services), independent variables (digitalization, consisting of ICT deployment, ICT export and import, ICT investment variables), control variables such as GDP growth, CPI, trade openness, exchange rate and political stability. The findings demonstrate the ICT infrastructure and ICT exports positive impact on export of technology-intensive goods, such as ores and metals, machinery and equipment, and tools and devices in advanced economies. Digitalization’s positive impact on trade in goods appeared weaker in developing economies, potentially due to lower levels of ICT adoption or differing export focuses. ICT export has positive impact on financial services imports, indicating a reliance on imported financial services while exporting ICT capabilities. The model shows a high success rate depending on variables. The study highlights digitalization’s varied impact on advanced and developing economies, emphasizing its importance for trade, competitiveness and policymakers in the global market.</p> </abstract>ARTICLEtrue Creativity and Product Innovation Build Business Continuity? Investigation of Samarinda Weaving Craft<abstract> <title style='display:none'>Abstract</title> <p>In practice, it is often found that the iconic woven sarong products from Samarinda still produce classic models without any new breakthroughs according to tastes, interests across generations, and market segmentation. Until now, another obstacle has been the difficulty of finding skilled artisans to modernize Samarinda’s woven sarongs. Following up on these dynamics, the manuscript aims to explore the causality between creativity and product innovation on the business continuity of the Samarinda woven sarong craft. In the study context, the independent variable is modified to include creativity and product innovation, while the dependent variable is focused on business continuity. To project the effect of creativity and product innovation on business continuity, a purposive sampling approach was associated with 261 sarong-woven craftswomen in Samarinda who still exist today. From the existing interview data, the data is tabulated using a multiple linear regression technique. Quantitative evidence shows that creativity has a significant effect on business continuity in the Samarinda woven sarong craft, but product innovation has an insignificant effect on business continuity in the Samarinda woven sarong craft. The implications for the future can be evaluated based on this research. Then, further theoretical insights can be expanded by exploring factors beyond creativity and product innovation.</p> </abstract>ARTICLEtrue for Business Development in South-Eastern Europe in the Conditions of Polycrisis and Digital Transformation<abstract> <title style='display:none'>Abstract</title> <p>Purpose: The purpose of the present study is to identify prerequisites for business development in the conditions of polycrisis in the EU member states of South-Eastern Europe. In the context of digital transformation and the low-carbon transition, this can have an impact on changing their economic policy.</p> <p>Design/Methodology/Approach: The object of research are selected macroeconomic performance indicators of selected EU member states from Southeast Europe (Bulgaria, Romania, Croatia), which are key their business development. The subject is the determination for the business development in conditions of polycrisis and digital transformation. Methodology is mainly based on descriptive analysis and statistical analysis. The main hypothesis proves the statement that in the conditions of polycrisis in the studied period between 2018 and 2022, the three SEE countries (Bulgaria, Romania and Croatia), underestimate the significance of business development in the field of investments and innovations, reforms and institutional environment, and fiscal policy efficiency.</p> <p>Findings: Identifying key determinants that respond to exogenous shocks in specific regions of the EU may be useful for changing its fiscal policy and also help countries take measures to create the conditions for business development. Also, it can lead to optimization of corporate management and investment processes.</p> </abstract>ARTICLEtrue Information System for Enhancing Virtual Company Resilience Through Machine Learning in Smart City Socio-Economic Scenarios<abstract> <title style='display:none'>Abstract</title> <p>This paper introduces an innovative framework for the management of virtual companies in smart urban environments, with an emphasis on socio-economic resilience facilitated by Sustainable Information Systems. The system aims to equip virtual enterprises in smart cities with tools for robust operations amid socio-economic challenges. Its effectiveness is evidenced by improvements in investment risk assessment, business process simulation, and HR project management, enhancing efficiency and foresight. A key feature is predictive analytics for crisis demand forecasting, enabling swift market adjustments and strategic inventory management. It also helps identify alternative clients and suppliers, ensuring business continuity. Integrating machine learning and augmented reality, the system supports automation and strategic decision-making, significantly benefiting the e-commerce sector by addressing fluctuating demand, supply chain issues, and market adaptations during crises. The Sustainable Information System for Virtual Company Management in Smart Cities offers crucial support for e-businesses facing these socio-economic challenges, facilitating their navigation through turbulent times. Its meticulously designed architecture and functionalities make it a powerful instrument for assisting virtual companies in crisis conditions, fostering their sustainable growth within the socio-economic framework of smart urban settings. Comparative studies with existing models underscore this system’s superior efficiency and holistic approach, highlighting its contribution to enhancing the operational efficiency of virtual companies by 95%, reducing the time needed for critical activities like investment risk analysis and business process simulation, and bolstering the socio-economic resilience of smart cities against crises</p> </abstract>ARTICLEtrue of the Baby Economy as a Prerequisite for the Development of the Human Economy and Adaptation of the National Economy of Ukraine to the Principles of Sustainable Development<abstract> <title style='display:none'>Abstract</title> <p>The processes of kinship, gender and age stratification, early learning opportunities, socialization, and the ability to engage in creativity and optimize craft are crucial for developing the education economy. All these factors in the development of the education economy should turn a young person into an economic person with the ability to make effective production, technological, and managerial decisions regarding the development of his or her personality, society, and economic element.</p> <p>It is worth noting that Ukraine is only forming a baby economy system. There are separate parts of it that the will of the state policy should unite. However, the private production and research sector should also be aimed at cooperating with educational institutions both in terms of production practices and highly specialized career guidance. Also, the education economy should be integrated into global educational processes, especially at the bachelor’s and master’s levels of university education.</p> <p>Ukraine is joining global university networks to optimize higher education. Joining exemplary examples of global education should influence the development of Ukraine’s national economy in the context of globalization. The processes of kinship, gender and age stratification, early learning opportunities, socialization, and the ability to engage in creativity and optimize craft are crucial for developing the education economy. All these factors in the development of the economy of education and upbringing should turn a young person into an economic person with the ability to make effective production, technological, and managerial decisions regarding the development of his or her personality, society, and economic element.</p> </abstract>ARTICLEtrue in International Payments: Trend or Fiction<abstract> <title style='display:none'>Abstract</title> <p>The present research paper is focused the widely debated topic related to de-dollarization. It examines the trend of de-dollarization to check if the statements that the dollar is losing its weight and is about to lose its leading position in international trade payments are substantiated. Firstly, the theoretical framework behind the dollarization is explored. Secondly, the factors believed to be the basis of the de-dollarization process have been identified and analyzed, which are related to: geopolitical processes, changes in international payments policy in some BRICS countries, changes in international trade, etc. A performed analysis of the currency turnover in international trade, based on data from official sources, was made through forecast regression, which predicts the development of the share of the dollar in international payments. A correlation matrix was also calculated, showing the correlation links between the dollar and the other leadng currencies. The hypothesis, which is confirmed by the practical research, is that the de-dollarization process is proceeding slowly and uncertainly, and will continue to develop at a low pace leading to insignificant changes in the structure of the currency composition of international payments in the short and medium term. Further research could further explore each of the factors that could lead to a real dedollarisation trend in international payments.</p> </abstract>ARTICLEtrue Competitiveness and Mobile Data: A Grey Relational Analysis for European Entrepreneurship Pre & During Pandemic<abstract> <title style='display:none'>Abstract</title> <p>The tourism country’s competitiveness is important especially when countries strive for bigger market shares as European countries are. The COVID-19 pandemic has had devastating effects on tourism and the entire tourism industry must be rethinking and reshaping given some opportunities and challenges to the entrepreneurs, local communities, local administrations, governments of competitiveness destinations. In this paper we measured if the Google and Apple mobility indices cand predict (or not) the movement of TTCI during pandemic compared with pre-pandemic TTCI ranks by using grey system theory and statistical methods. The aim of the paper is to validate the Grey Relational Analysis (GRA) as identifier of the good predictor (statistically significant for p-value&lt; 0.05) for European tourism competitiveness (measured by TTCI) in particular conditions, especially before and during COVID-19 pandemic time by take into consideration the Google Mobility and Apple Mobility data and their relationship with overnight stays for 11 European countries. To validate the GRA as method for good and accurate predictor for tourism competitiveness for TTCI 2021 (during COVID-19 pandemic time) a GLM – General Linear Model ANOVA with interaction effects and Tukey HSD Post Hoc Multiple Comparisons was applied. Our results validated the powerful of GRA for tourism competitiveness, statistically significant according to GLM with interaction effects, and emphasis (especially for entrepreneurs) that the overnight stays will give the right rank on top of tourism competitiveness, prior to other ITC support as Google and Apple Mobility indices proved by reflection of overnights on TTCI 2021 – during pandemic.</p> </abstract>ARTICLEtrue Impact of Female Entrepreneurship on Economic Growth in Developing and Developed Economies<abstract> <title style='display:none'>Abstract</title> <p>Significance. The development of women’s entrepreneurship is still a largely untapped potential for growth and prosperity. The economic role of women is crucial for growth and a more equitable distribution of wealth. Economic opportunities are much more important for women today than for the previous generation, especially for developing countries. In this regard, the impact of women’s entrepreneurship on economic growth is an important area of research reflecting broader interests in gender equality, economic development and human resource optimization. Objectives. Analysis of the impact of women’s entrepreneurship on the economies of developed and developing countries and the development of some recommendations for the development of women’s entrepreneurship. Methods. For this study, the method of ordinary least squares (OLS) was used, which analyses the impact of women’s entrepreneurship on economic growth in developed and developing countries in the period 2012-2022. Results. The under-development of women’s entrepreneurship represents untapped potential for growth and prosperity in many countries. In this regard, there is an urgent need to create more favourable conditions for the development and strengthening of women’s entrepreneurship, more thoughtful policies and decisive measures aimed at empowering women are crucial. The results obtained in the course of this study are important for the development of theoretical and methodological foundations for the study of women’s entrepreneurship. The results of the study may be useful for women entrepreneurs, NGOs/NGOs, development institutions and government agencies.</p> </abstract>ARTICLEtrue Stochastic Method for Optimizing Portfolios Using a Combined Monte Carlo and Markowitz Model: Approach on Python<abstract> <title style='display:none'>Abstract</title> <p>The main of the study is to comprehend how the mean variance efficient frontier method may be used in conjunction with Markowitz portfolio theory to produce an optimal portfolio. The study uses daily observations 8 pharma companies closing price namely Auropharma, Granules, Glaxo, Lauruslabs, Pfizer, Sanofi and Torntpharma. Further, Nifty pharma index is considered as benchmark index to check the performance of the chosen companies. The study chosen the reference period from 2020 to 2023 and required data has been extracted from the National Stock Exchange (NSE). This research is based on implementing a stochastic method for efficient portfolio optimisation employing a blended Monte Carlo and Markowitz model. In order to forecast the price of these indices in the future and to determine the likelihood of profit or loss while investing in a portfolio of stocks representing the aforementioned indices, the study also uses Monte Carlo simulation. The study involves two algorithms, namely the deterministic optimisation algorithm, which uses Markowitz Portfolio Theory, and the probabilistic optimisation algorithm, which uses Monte Carlo simulation. The study employed correlation matrix to find the exist relationship between the chosen companies and benchmark index. Also, expected return and volatility has been identified with the help of standard deviation using Python. The study found that the NIFTY Pharma index offers a higher return of 14.35. In addition to this, NIFTY Pharma portfolio’s volatility is considerably higher. The study concludes that the NIFTY pharma portfolio is more suitable for those investors who have an appetite for risk.</p> </abstract>ARTICLEtrue Classrooms to Economies: Examining the Educational Achievement-Economic Development Nexus<abstract> <title style='display:none'>Abstract</title> <p>Each states play pivotal roles in contributing to the economic performance of the nation. They have their own unique economic strengths, resources, and industries that contribute to the overall economic development. Terengganu, an east coast state in Malaysia has historically faced economic challenges, marked by a lag in development compared to other regions. The fundamental problem addressed is the potential correlation between educational attainment and the region’s economic growth, aiming to understand how advancements in education might serve as a catalyst for economic progress. The objective of this research is to empirically analyze the impact of educational achievement on the economic development in Terengganu. Utilizing secondary data sourced from the Department of Statistics Malaysia and Economy Planning Unit Terengganu spanning from 2006 to 2022, Autoregressive Distributed Lag (ARDL) model has been employed to estimate and understand the relationship between educational attainment and economic development. The findings suggested that educational achievement plays positive impact in heightening the economic development within the region. Education contributes to the development of human capital, fostering a skilled and knowledgeable populace capable of engaging in diverse economic activities. This, in turn, attracts investments and facilitates the emergence of industries and sectors that rely on a knowledgeable and skilled labour force. This study would provide valuable insights for policymakers and academicians to formulate targeted policies and initiatives, ultimately enhancing the economic development of the states, thus contribute to a prosperous Malaysia.</p> </abstract>ARTICLEtrue Direct Investment and Economic Development: An International Perspective<abstract> <title style='display:none'>Abstract</title> <p>The present study examines the patterns of foreign direct investment (FDI) in Kazakhstan and draws comparisons with global trends. Based on statistical data spanning from 2000 to 2022, the study reveals that the growth of FDI in Kazakhstan has exhibited greater volatility and speed compared to developed nations. However, it is strongly associated with global FDI inflows and the growth of gross domestic product (GDP). This article aims to examine the patterns and determinants influencing FDI in Kazakhstan and to juxtapose these patterns with global trends. The main approach used in the study was systematic. The article’s contribution lies in its provision of novel insights into the dynamics of FDI in Kazakhstan and its correlation with economic growth. Furthermore, the article elucidates the various factors that contribute to the expansion of FDI in Kazakhstan, while also offering suggestions for the development of public policy in this domain. The article provides a comprehensive examination of FDI patterns in Kazakhstan, comparing them to global trends and identifying the factors that influence the dynamics of FDI. Furthermore, the article offers suggestions for expanding the economic base of Kazakhstan beyond its reliance on the oil and gas industry, enhancing focus on high-tech and innovative sectors, and enhancing the institutional framework.</p> </abstract>ARTICLEtrue in Financial Health Assessment: Applying MCDM Techniques to Banks in Vietnam<abstract> <title style='display:none'>Abstract</title> <p>Assessing the financial health of banks is crucial to ensure the stability of the financial system. This is not only a way to safeguard the interests of customers and shareholders but also to prevent inherent risks and ensure reliability in banking operations. Thus, evaluating financial health plays a crucial role in maintaining stability and sustainable development in the banking sector. This study employed three methods: RAM (Root Assessment Method), PSI (Preference Selection Index), and SRP (Simple Ranking Process), to assess the financial health of twenty-eight banks in Vietnam. Capital adequacy rating, asset quality rating, management rating, earnings rating, liquidity rating, and sensitivity to market risk rating are the six criteria used to characterize each bank. The evaluation results using these three methods were compared with each other and with the evaluation using the CAMELS rating system. The study identified banks with good financial health and those with weak financial health. The notable point is that the results of ranking financial health of banks using three methods: RAM, PSI, and SRP, and according to the CAMELS system are quite similar. These findings are vital in providing valuable information for managers and investors, aiding them in making informed decisions regarding investment, risk management, and development strategies based on empirical data.</p> </abstract>ARTICLEtrue the Interplay Between Social Welfare Preferences and Society 5.0 Achievement: Implications for Sustainable Development<abstract><title style='display:none'>Abstract</title> <p>The paper delves into the concept of Society 5.0, which envisions a future society integrating advanced technologies with human-centred values to address current social challenges. It emphasizes the importance of aligning advanced technologies with human-centred values and social preferences to ensure the success and sustainability of Society 5.0. We offer comprehensive insights into the complex interplay between social welfare preferences and societal progress, emphasizing the significance of understanding and addressing societal preferences to foster inclusive, sustainable, and efficient societies aligned with the objectives of Society 5.0. The findings provide valuable guidance for policymakers and stakeholders in developing targeted interventions and policies that address critical societal challenges and foster progress across various well-being dimensions. The study emphasizes the importance of considering social preferences in the development of Society 5.0 and highlights the need for a holistic approach that integrates social preferences into the development framework. The study unveils that economic success does not guarantee societal advancement, as the array of social preferences reflecting the diversity of SWP impacts a country’s trajectory towards Society 5.0. By combining theoretical and empirical methodologies, we offer robust qualitative and quantitative insights for crafting optimal policies across different scenarios of individual SWPs and their effects on achieving social progress</p> </abstract>ARTICLEtrue Influence of the Capital Market (Financial Instruments) on Economic Growth in Kazakhstan and CIS Countries<abstract><title style='display:none'>Abstract</title> <p>Econometrics is a branch of economics that uses mathematical and statistical methods to study quantitative and qualitative relationships within economic phenomena. The purpose of this article is to study the impact of the capital market (financial instruments) on economic growth in Kazakhstan and the CIS countries through an understanding of the concept of “econometrics”. The task of the study is to determine the dependence of gross domestic product as a resultant factor over the past 20 years. Methods. The article determines the assessment of the impact of financial factors on economic growth in the short term. An econometric model was used for this purpose. The resulting factor was the gross domestic product over the past 20 years. Results. The results indicate that the capital market influences economic growth in Kazakhstan and the CIS countries. This paper presents a model of the GDP function for the economy of Kazakhstan. In the course of the study, coefficients and variables of the model were estimated to predict the level and future changes in the country’s GDP. Thus, the size of the capital market (Y1) depends on the following variables tested in the model: the number of securities issuance transactions; the volume of securities issuance transactions; the number of transactions of non-residents with shares at the secondary auction of KASE; the rate of change of shares of leading issuers on KASE</p> </abstract>ARTICLEtrue the Link Between Open Minded, Uncertainty Readiness and Optimism in Business Performance for Food and Beverage Businesses<abstract><title style='display:none'>Abstract</title> <p>Business performance is an urgent topic to explore because there are many aspects that influence it. One thing that can guarantee business performance is open-minded entrepreneurship, uncertain readiness, and entrepreneurial optimism. In this context, businesses in the form of Food and Beverage (F&amp;B) have become popular in the last few decades in Indonesia. From this research, it investigates the effects of open-minded entrepreneurs, uncertain readiness, and entrepreneurial optimism on business performance. Apart from that, it also dissects the relevance of open-minded entrepreneurship and uncertain readiness on business performance which is mediated by entrepreneurial optimism. The quantitative method was operated via an online survey involving cafe and restaurant owners (N = 128) spread across several big cities in Indonesia. Then, the data was analyzed using Structural Equation Modeling-Partial Least Square (SEM-PLS). As a result, of the five hypotheses developed, three were accepted. Open-minded entrepreneurship, uncertain readiness, and entrepreneurial optimism are proven to influence business performance. On the one hand, the other two hypotheses are rejected, where open-minded entrepreneurship or uncertain readiness have no impact on business performance through entrepreneurial optimism. By implication, the output of the research is interesting to highlight in the future. Optimism in too high a capacity can harm the business. This is triggered by the level of vigilance and actions of business owners in making decisions based on irrational emotions.</p> </abstract>ARTICLEtrue of Fuzzy AHP in Priority Based Selection of Financial Indices: A Perspective for Investors<abstract> <title style='display:none'>Abstract</title> <p>By providing important indicators, financial indices help investors make educated judgements regarding their assets, much like vital sign monitors for the financial markets. The best way for investors to keep up with the market and make strategic adjustments is to keep an eye on these indexes. Researching the most important financial indexes for making educated investing decisions is, thus, quite relevant. Finding the most essential financial indices from an investing standpoint and assigning a weight to each of those indexes are the main goals of this research. A weighted score is derived by combining four financial indices in a Multi-Criteria Decision-Making (MCDM) technique. These objectives are then pursued. Triangular Fuzzy Numbers (TFNs) and the Fuzzy Analytic Hierarchy Process (F-AHP) are used to determine the weights of criteria in this technique. Using these methods together, the research hopes to provide a thorough analysis of the role that different financial indexes have in informing investment choices. This study emphasizes the paramount importance of considering the Price Earning to Growth (PEG) ratio when making investment decisions, followed by the Debt Equity Ratio. Price to Book Value and Dividend Yield, while relevant, carry comparatively less weightage in the overall assessment. Investors are advised to use these insights as a guideline in their financial analysis and decision-making processes.</p> </abstract>ARTICLEtrue Synchronicity Among African Markets: is IFRS Adoption an Augmentor or Inhibitor?<abstract> <title style='display:none'>Abstract</title> <p>This paper investigates the dynamics of market synchronicity and International Financial Reporting Standards (IFRS) adoption in Africa. It seeks to determine whether or not IFRS is an augmentor or inhibitor of market synchronicity in Africa. This study is not only a foundational study that unfolds the dynamics of market synchronicity and IFRS adoption in Africa but also extends the scope of synchronicity from firm-level assessment to country-level market synchronicity. It is one of the few studies which have shifted the literature on synchronicity from one largely limited to firm-level synchronicity to country-level synchronicity through analyses of cross-border market synchronisation. It employs Dynamic Ordinary Least Square (DOLS) and Generalised Method of Moments (GMM) to investigate the market synchronicity-IFRS nexus. The study uses monthly data from March 2005 to November 2021 in five African markets: Botswana, Ghana, Namibia, Nigeria, and South Africa generating 1005 observations in an 18-year data span. The paper reveals a significant negative consequence of IFRS on market synchronicity. Thus, IFRS exhibits an inhibition role in market synchronicity (reduces synchronicity) and improves price informativeness. A decreasing pattern was also observed immediately after IFRS was adopted by the stock markets and persisted for about five years. It implies that the price informativeness of stock markets through IFRS makes them good candidates for intra-Africa portfolio diversification due to reduced investors’ risk exposure to market synchronicity.</p> </abstract>ARTICLEtrue