International Research Journal of Finance and Economics
 Issue 179
 May, 2020
Syndicated Loans and Economic growth: Empirical Evidence from G7 countries
Mohammed Kalloub and Ahmed Musabeh

This paper examines the impact of syndicated loans on economic growth in G7 countries (Canada, France, Italy, Germany, Japan, United Kingdom, and the USA) over the period between 2000 to 2017. Utilizing a panel data analysis along with several pre-tests to assure the validity of data, these tests involve multicollinearity test, stationary test, Hausman test, heteroscedasticity test, and cross-sectional dependence test. The main findings indicate that the growth of syndicated loans has positively affected economic growth in the G7 group. Moreover, the results came in line with previous literature regarding the effect of government expenditures, law enforcement, human capital, and financial stability on economic growth over the period in our sample. However, it is found that liberalization of trade has an adverse effect on economic growth.< /br>
Keywords: Syndicated Loans, Economic growth, Panel data analysis.
Financial Development, Trade Openness and Economic Growth: The Evidence from West African Countries Revisited
Yaya Keho

This study investigates the relationship among financial development, trade openness and economic growth for a panel of 11 West African countries over the period from 1985 to 2018. Contrary to most existing studies, the analysis makes use of the Common Correlated Mean Group method and the Seemingly Unrelated Regression Estimator (SURE) to cope with both heterogeneity and cross-sectional dependency across countries. The study provides various pieces of evidence through whole-panel and country-level analyses. The results from the panel analysis show that financial development and trade openness have, on average, positive effects on economic growth both in the short and long run. The Granger causality tests show that real GDP, financial development and trade openness are mutually causal, implying that their simultaneous development should be promoted. In the short run, however, there is unidirectional causality flowing from trade openness to financial development. The results also show that investment is an important channel through which financial development and trade feed economic growth. The country-level results reveal, however, considerable heterogeneity across countries. The long-run growth effect of financial development is positive in 8 countries while that of trade openness is positive in 6 countries. The results have important policy implications for the financial sector and trade development of West African countries.
Keywords: financial development; trade openness; economic growth; West African countries.
JEL Classification: C33, E44, F43, O55
The Influence of Accounting Information System and Religion Commitment Inventory on the Performance of Small and Medium Scale Enterprises in Jordan
Jehad M. M. Ghazwan and Sofri Yahya

The study focuses on the influence of accounting information system on the performance of small and medium scale enterprises in Jordan, taking the role of religion commitment inventory as moderating variable. Hence, the study proposes a theoretical framework to examine the effect of religiosity towards the SMEs’ business performance. A quantitative design with a simple random sampling and distributed by emails (online survey questionnaires) was distributed to 386 SMEs in Jordan. The data was analyzed using multiple regression technique. The finding indicates that the AIS and religiosity influences SMEs performance with mixed results. In this context, AIS and religiosity make a significant contribution to SMEs' by increasing business performance financially and non-financially. Finally, it is recommended that the use of AIS is essential for improving the performance of SMEs in Jordan.
Keywords: accounting information system, performance of small and medium enterprises
JEL Classification:
Relationship between Insurance and Insured: Trust or Mistrust
Saliha Theiri

The purpose of this paper is to clarify the type of relationship between insurance and the insured and approve the different source of conflicts based on agency theory. Using a descriptive study, composed 100 insurers belong to the various activities chosen according to their ages, income and level of education. We presented the concept of relationship management in insurance. And shown that the contractual relationship lies in the inadequacy of the insurance culture, which generates several problems of conflicts related to pricing and the non-transparency of information.
Keywords: Agency relationship, Trust, Conflict, Insured.
JEL Classification: D74, G52