editor@ijefm.co.in ISSN[Online] : 2644-0504 || ISSN[Print] : 2644-0490
The Importance of Investments in Scientific Research in the Innovative Activity of Industrial Enterprises
Vahidjon P. Meliev
Lecturer of Department of Management and digitization, University of Business and Science, Beshkapa street 111, Namangan, Uzbekistan
https://doi.org/10.47191/jefms/v7-i5-76
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ABSTRACT:

In the article, the importance of investments in scientific research in the implementation of digital transformation and automation in industrial enterprises is studied on the example of developed countries, such as USA, theoretical and practical proposals are made for directing investments in scientific research in digitization and automation of industrial enterprises of Uzbekistan. The innovative activity of industrial enterprises should be such that it creates innovations in all processes: from research and development to production, from production to management, from sales to delivery to consumers, to study of the post-consumer situation, introduction of new digital and automated technologies, management system evaluation of activities, improvement of the functionality of products and technologies, reduction of costs and increase of efficiency, organization and production of marketing and advertising activities, with coverage of consumers, convenient delivery to customers, packaging, clarification of product description and rules of use of the product, as well as benefits or advantages obtained as a result processes should be covered. In addition, having a certain share of the main products in the total volume of production, it is possible to create business models with the aim of achieving a large amount of income from the main products due to the increase in the volume of sales with new technologies of production. The use of investment funds by industrial enterprises in the direction of scientific research in their innovative activities has a great effect.

KEYWORDS:

Investment, digital transformation, digital technology, automation, scientific research, fundamental research, applied research, experimental research, innovation

REFERENCES:

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JEFMS aims to promote interdisciplinary studies in Economics, Finance and Management. The scope of the journal encompasses research articles, reviews and short communications.

Frequency of Publication

JEFMS will publish 12 monthly issues, We publishes articles as soon as the final copy of edited version is approved. Accepts articles in all research fields of Economics, Finance And Management Studies.

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1) Last Date of Submission : 26 January 2025
2) Article published within a week.
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The Predictive Ability of U.S. Stock Market Skewness on Indonesian Stock Market Returns
editor@ijefm.co.in ISSN[Online] : 2644-0504 || ISSN[Print] : 2644-0490
The Predictive Ability of U.S. Stock Market Skewness on Indonesian Stock Market Returns
1Muhammad Sofian Maksar, 2Winda Sari Firdani, 3Inayah Abdillah Rabbani, 4Yuan Swastika, 5Rifqi Cipto Laksono
1,2,3,4,5Universitas Muhammadiyah Kendari, Indonesia
https://doi.org/10.47191/jefms/v7-i5-71
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ABSTRACT:

The three-moment capital asset pricing model (three-moment CAPM) suggests that the expected excess return on stocks should include compensation for skewness risk. This study aims to investigate the ability of U.S. stock market skewness to predict Indonesian stock market returns. The data used in this research includes the S&P500 Index, JCI, JII, and LQ45 from January 2001 to December 2022. The results of this study indicate that U.S. stock market skewness can predict future excess returns of the Indonesian stock market. Additionally, when the estimation model incorporates alternative variables from both the U.S. and Indonesian stock markets, the predictive ability of U.S. stock market skewness remains significant and outperforms these alternative variables. The findings of this research can be used as a strategy for investors when trading in the Indonesian stock market. When the skewness of the U.S. stock market increases, the return of the Indonesian stock market is expected to decrease in the following month.

KEYWORDS:

Intertemporal CAPM; Sample skewness; Stock market; Return; Three-moment CAPM

REFERENCES:

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6) Chang, B. Y., Christoffersen, P., & Jacobs, K. (2013). Market skewness risk and the cross section of stock returns. Journal of Financial Economics, 107(1), 46–68. https://doi.org/https://doi.org/10.1016/j.jfineco.2012.07.002

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11) Kelly, B., & Jiang, H. (2014). Tail Risk and Asset Prices. The Review of Financial Studies, 27(10), 2841–2871. https://doi.org/10.1093/rfs/hhu039

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SJIF Impact Factor

Author's Desk

Downloads

Latest News

Aim and Scope

JEFMS aims to promote interdisciplinary studies in Economics, Finance and Management. The scope of the journal encompasses research articles, reviews and short communications.

Frequency of Publication

JEFMS will publish 12 monthly issues, We publishes articles as soon as the final copy of edited version is approved. Accepts articles in all research fields of Economics, Finance And Management Studies.

Call For Paper

1) Last Date of Submission : 26 January 2025
2) Article published within a week.
3) Submit Article : editor@ijefm.co.in
OR Submit Online

Jefms Indexed In