Journal of Economics and Behavioral Studies <p><strong>Journal of Economics and Behavioral Studies (JEBS)</strong> is an open access peer reviewed journal (ISSN 2220-6140) that publishes original unpublished research work. JEBS provides a forum for the intellectual exchange of academic research in the fields of economics, finance and behavioral studies. JEBS publishes 6 issues per year.</p> <p><img src="/public/site/images/admin/cc_by2.png"></p> <p>This work is licensed under a&nbsp;<a href="" target="_blank" rel="license noopener">Creative Commons Attribution 4.0 International License</a></p> en-US <p>Author (s) should affirm that the material has not been published previously. It has not been submitted and it is not under consideration by any other journal. At the same time author (s) need to execute a publication permission agreement to assume the responsibility of the submitted content and any omissions and errors therein. After submission of a revised paper in the light of suggestions of the reviewers, editorial team edits and formats manuscripts to bring uniformity and standardization in published material.</p> <p>This work will be licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) and under condition of the license, users are free to read, copy, remix, transform, redistribute, download, print, search or link to the full texts of articles and even build upon their work as long as they credit the author for the original work. Moreover, as per journal policy&nbsp;author (s) hold and retain copyrights without any restrictions.</p> (Editor) (Support) Fri, 20 Nov 2020 06:13:33 -0500 OJS 60 Determinants of Bancassurance Adoption in Emerging Economies: Qualitative Evidence from Uganda <p>This study was conducted to establish the determinants of bancassurance adoption in emerging economies. The research adopted a qualitative approach based on interviews as a main form of data collection. The study pursued an inductive approach in order to generalize the results. In the analysis process, NVIVO software was used to analyze in detail the different qualitative responses obtained from the data collection phase. The research concentrated primarily on urban Kampala, which is endowed with the majority of commercial banks. This study provides a good insight into the factors (both internal and external) banks consider essential while providing the bancassurance service. As a result other prospect banks can be guided by these factors in their need to provide the bancassurance service. The research explores the supply side of the determinants banks focus on while providing bancassurance. This is new as the majority of studies take a look at the banks’ demand-side perspective. In addition, the challenges faced by banks in offering bancassurance while providing alternatives to prospective banks are being included in the adaptation of bancassurance. The research is purely qualitative as opposed to most previous findings, which are either solely quantitative or partly quantitative and partly qualitative with respect to the determinants of the adoption of bancassurance. Specifically, the focus on bancassurance research in Uganda is also new and original, since bancassurance is new in Uganda.</p> Eva Mpaata, Rachel Mindra, Denis Ignatius Oula Copyright (c) 2020 Eva Mpaata, Rachel Mindra, Denis Ignatius Oula Thu, 12 Nov 2020 10:13:01 -0500 Adequacy of DEA in Measuring the Efficiency of Public Sector Entities in Nigeria: A Comparative Analysis Approach <p>The study examined the efficiency of Decision- Making Units (DMUs) in the public sector entities in Nigeria. The study focused on the efficiency in the utilization of personnel cost releases to the federal educational and health institutions by the Federal Government of Nigeria. Secondary data were sourced from the Annual General Warrants from Audited financial statements of the Public Sector entities. Sampled size for the study comprised twenty-five (25) DMUs each from both sectors out of the major Federal Ministries from four (4) geo-political Zones and Abuja. Data were analyzed using Data Envelopment Analysis Model (DEA). The results of the average efficiency scores from both Charnes, Cooper and Rhodes Model (CCR) and Banker, Charnes and Cooper (BCC) on the DMUs showed that the sectors were marginally inefficient. The summary of the overall results therefore revealed that the DMUs under health sector performed averagely better than education sector in the utilization of personnel cost allocations. The study recommended that a central monitoring team be created jointly by the Federal Ministry of Finance and Accountant-General’s office to ensure full utilization of personnel cost releases to the DMUs. The study therefore concluded that only continuous assessment and periodic appraisal of the personnel cost utilization by the supervising ministries, can guarantee full efficiency in the utilization of personnel cost releases.</p> Odewole, Philip Olawale Copyright (c) 2020 Odewole, Philip Olawale Thu, 12 Nov 2020 10:30:06 -0500 Investigating in the J-curve phenomenon in Tunisia- ARDL bound test approach <p>This paper investigates the relationship between trade balance, real exchange rates, and incomes in Tunisia by adopting the autoregressive distributed model (ARDL) by using data over the period of 1980 to 2018. We also used the bound test cointegration between variables at a 10% significant level. Our findings show that the Tunisia economy does not match the Marshall-Lerner condition in the long run, that provides an accurate description of the particular situation for which a country currency devaluation or depreciation its currency under both fixed or floating regime is predicted to enhance the trade balance of a country, which means there is no j-curve phenomenon in the long run, which tries to differentiate between the change of short-run and long-run effects in the change of exchange rate on the trade balance. Our findings match the Marshall-Lerner condition in the short run and can confirm the existing j-curve in the case of Tunisia.</p> Elham Shubaita, Muhammad Mar’i, Mehdi Seraj Copyright (c) 2020 Elham Shubaita, Muhammad Mar’i, Mehdi Seraj Thu, 12 Nov 2020 10:36:37 -0500 Anchoring among German financial analysts: An empirical and background analysis <p>The paper investigates whether financial analysts in Germany were subject to cognitive and emotional constraints. The focus was on the heuristic of anchoring. An evaluation based on 224 individual forecasts for seven DAX-listed companies for the period from 2011 to 2018 with respect to the earnings per share of the current business year was done. Three issues were analysed in particular: Whether anchoring was found at all, to what extent anchoring has led to a deterioration of the forecast quality and if the effect of anchoring was still measurable shortly before the incurred earnings had been announced. For the assessment of the data, descriptive statistical measures, and tests such as the non-parametric Wilcoxon rank-sum test or the parametric t-test were used. For the German capital market there are currently very few empirical behavioural studies dealing with the forecast quality of financial analysts. This study is aiming to close this gap by investigating to what extent behavioural aspects have led to a significant deterioration in the forecast quality of financial analysts for the German stock market. The quality and reliability of analysts' forecasts is of high relevance to the capital market, since the assessments of financial analysts are used as a basis for investment decisions by private and institutional investors and are thus essential for a high degree of efficiency in the allocation of capital in a financial system.</p> Andre Tomfort, Paulina Wiegand Copyright (c) 2020 Andre Tomfort, Paulina Wiegand Thu, 12 Nov 2020 10:40:28 -0500 The Polity of Regional Integration Development and the Challenges Hampering Southern Africa Economic Growth <p>This paper explored the polity of regional integration development and the challenges hampering the southern Africa economic growth. The study finds that the design and structure of the African regional development within the integration schemes is around inward-looking industrialization that is intended to facilitate economic costs of participation for member states. This often remains unevenly distributed among member states. Most countries in Africa linger highly reliant on agriculture and yet suffer from high levels of unemployment and food insecurity in the continent. In these situations, it is logical for one to expect the “African regional integration in the Southern African Development Community (SADC) sub-regional schemes to be most focused on developing whatsoever synergies that may exist to promote both socio-economic development and regional security across borders, which may hamper the policy implementation through good governance and ethical valued approach. Qualitatively, this paper collected data and analysis them based on content, using secondary sources from different domains, including Google scholars, Scorpius repositories.</p> Andrew Enaifoghe, Sandile Blessing Mkhwanazi Copyright (c) 2020 Andrew Enaifoghe, Sandile Blessing Mkhwanazi Fri, 20 Nov 2020 06:04:04 -0500