Asian Journal of Economics and Empirical Research

Influential factors of online purchase intention in the financial industry: A perspective from an emerging economy

Shimei Wen — 2025-01-20

This study addresses the gap in understanding the impact of product types on online purchasing decisions in the financial industry. It examines how key factors—product features, financial needs, institutional reputation, and government regulations—affect online purchase intention while also investigating the mediating roles of consumer perceptions. Data from 218 respondents in China was collected via a structured questionnaire distributed across various social media platforms. Quantitative analysis was employed to explore the direct effects of influential factors on online purchase intention, along with the mediating effects of perceived value and purchase risk. The study reveals that product features, financial needs, institutional reputation, and government regulations positively influence online purchase intention in the financial sector. Perceived value amplifies these effects, while purchase risk attenuates them, underscoring the significant mediating role of consumer perceptions. Managers in the financial sector should prioritize brand building and real-time customer engagement to bolster online purchase intentions. Strengthening institutional reputation and highlighting product value can positively sway consumer decisions. Policymakers are advised to enact regulations ensuring e-commerce transaction safety, fostering consumer trust and a secure online purchasing environment.

Investigating small business operators’ views on taxation of business income: A novel analysis from cape coast metropolis in Ghana

Kamal Deen Moro — 2025-04-04

Tax evasion poses a significant task for governments and tax officials in many African nations, including Ghana. Small and medium-sized enterprises (SMEs) play a vigorous role in the national economy by substantially contributing to tax revenue. This paper implemented a descriptive research survey design, gathering primary data through structured questionnaires and employing a quantitative approach. Data analysis was conducted using SPSS Version 22.0, with inferential statistics (standard multiple regressions, Pearson correlation) and descriptive statistics (mean, standard deviation, frequency, percentage) to derive insights. A survey conducted in Cape Coast Metropolis with 120 participants revealed three key factors influencing tax compliance: tax awareness, observations of government spending, and the likelihood of audits. Among these, tax knowledge greatly impacted the government's revenue generation capacity. The paper recommends that the Ghana Revenue Authority (GRA) perform regular, fair audits to ensure compliance among SMEs. Additionally, GRA must host frequent seminars and conferences to educate SMEs on the importance of tax compliance and motivate them to fulfill their tax obligations.

The spatial impact of new urbanization construction on total factor productivity in China

Yuanyuan Wang — 2025-04-04

This study examines the spatial impact of new urbanization on total factor productivity (TFP) in China using data from 199 prefecture-level cities from 2011 to 2019. We measured the level of new urbanization using an indicator system and the entropy weight method, and assessed TFP using the stochastic frontier production function model. The spatial Durbin model was employed to analyze the spatial effects empirically. The study found that (1) new urbanization has a positive spatial effect on TFP, and there is a spatial spillover effect. (2) The spatial effect of new urbanization on TFP has obvious city-level heterogeneity and regional heterogeneity. (3) The spatial spillover effect of new urbanization on TFP is most significant in second-tier cities and third-tier and lower cities. There is a "diffusion effect" of the spatial effect of the central and western cities on the neighboring areas, and a "siphon effect" of the spatial effect of the eastern cities, but both of these spatial effects are not significant. The spatial spillover effect of new urbanization on TFP in non-provincial capitals is significant, whereas the spatial effect in non-provincial capitals is not significant. These findings highlight the importance of considering regional context in urbanization policies to enhance TFP.