Issue 1 (March)

Vol. 4 (2025), FEL

3 articles

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Open Access Journal Article
The Impact of COVID-19 on Commercial Bank Borrowers in Arab Economies
by Turki Rashed Alshammari
FEL  2025 4(1):40; 10.58567/fel04010001 - 15 March 2025
Abstract
This study investigates the impact of COVID-19 on bank borrowers across 22 Arab economies from 2017 to 2022, employing the two-step system GMM estimator. The findings reveal a significant negative effect of COVID-19 on the number of bank borrowers, highlighting a sharp decline in borrowing activity due to the pandemic’s economic disruptions. Notably, the decline was more [...] Read more

Open Access Journal Article
Effect of Entrepreneurship Development on Employment Generation in Nigeria: A Case Study of Nasarawa State
by Attahgani Angyu Gambo , Michael Akpan , David Ogwuche  and  Richard Umeokwobi
FEL  2025 4(1):41; 10.58567/fel04010002 - 15 March 2025
Abstract
The paper examines how the growth of entrepreneurship affects the generation of employment opportunities in Nasarawa State. Even though entrepreneurship is crucial for generating employment, there are still obstacles in the way of its growth. These include limited support from governmental and non-governmental organizations, difficulty obtaining financing and microcredit, prope [...] Read more

Open Access Journal Article
Sector-Level Out-of-Sample Performance of the Naive and Sharpe Portfolios Using a Covid-Correction Breakpoint
by M. Ryan Haley
FEL  2025 4(1):42; 10.58567/fel04010003 - 15 March 2025
Abstract
Recent research has demonstrated that many mean-variance and shortfall-based optimal portfolio selection fail to out-perform the Naive (1/n) Portfolio in out-of-sample testing. This paper revisits this line of inquiry by applying the Naive and Sharpe Portfolios to 1100 sector-specific S&P 500 re-sampled data sets from the 2007-2021 time frame. Using April 2020 as the baseli [...] Read more
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