Factors Affecting Business Stability among ASEAN Member States

Authors

  • Gallardo E. Gulay University of San Jose-Recoletos
  • Percia A. Leyte University of San Jose-Recoletos
  • Ricky B. Villeta University of San Jose-Recoletos
  • Roramie V. Arco University of San Jose-Recoletos

DOI:

https://doi.org/10.32871/rmrj1402.02.16

Keywords:

business stability, economic recession, ASEAN integration

Abstract

This paper employed exploratory data analysis or data mining to determine the problematic factors that will characterize the common concerns of business investors in the ASEAN countries. More specifically, the researchers grouped and categorized these factors that had affected the current condition of businesses and determine their effect on the extent of doing businesses among ASEAN member states. Factor analysis has identified three factors, namely, legal and judicial climate, economic climate and labor climate. These factors were used as bases to determine the extent of problematic factors of doing businesses in an ASEAN country through a model obtained using principal components analysis. With this model, the overall results revealed that Singapore emerged as the most enticing place to do business among the ASEAN member states. This finding is mainly due to the positive opinions Singapore received in terms of legal and judicial climate and labor climate. On the conrtrary, Thailand is considered as having the most problematic variables in investing business as revealed by the study. This is largely due to the recent political turmoil it experienced in the late 2013 up to mid 2014. With the identified problems these ASEAN nations face based on the above-identified factors, it can be concluded that ASEAN nations should come to terms in identifying their strengths and weaknesses before considering the idea of integration. This is to ensure that business investors that ASEAN nations can address these pressing problems especially in factors that business executives see.This action has to happen to help them welcome more investors and to create a business environment more conducive to progress.

Author Biographies

Gallardo E. Gulay, University of San Jose-Recoletos

is a faculty member of the College of Arts and
Sciences of the University of San Jose-Recoletos and is currently handling philosophy and social science courses. He graduated with a Bachelor’s Degree in Classical Philosophy at Casiciaco Recoletos Seminary, Baguio City. He took up his Master’s Degree in Philosophy at the University of San Carlos in Cebu City.

Percia A. Leyte, University of San Jose-Recoletos

is a full time/faculty of the College of Arts and Sciences
in the University of San Jose-Recoletos and is handling Major and Minor English and Communication Courses. She has earned her baccalaureate, masters, and post masters at the same university where she is teaching. Currently, she is involved in the Research Program and pursuing research
studies in multi-disciplinary topics. She is also one of the authors of the book, “Crossing Bounderies in Philippine Literature†by Mutya publishing company.

Ricky B. Villeta, University of San Jose-Recoletos

graduated from Mindanao State University – Iligan Institute of Technology (MSU-IIT) with a degree of Bachelor of Science in Mathematics (Pure Mathematics) in 2003 as a fulltime scholar, City Mayor’s scholar (Iligan City) granted from having graduated in high school as class valedictorian and CHED-COE (Center of Excellence in Mathematics) scholar awarded by MSU-IIT mathematics and statistics department. He also obtained his Master of Science in Mathematics degree in 2007, with a specialization in abstract algebra (group theory) at MSU-IIT. He had served as Mathematics Lecturer from 2003 to 2005 and as graduate teaching assistant from 2005 to 2006 at the Mathematics and Statistics Department of the College of Science and Mathematics of MSU-IIT. Since 2006 to present, he is a faculty member of the Department of Mathematics and Sciences of the College of Arts and Sciences at University of San Jose – Recoletos (USJ-R), Cebu City. He has been teaching research methods, design of experiments and statistical models in the graduate school, differential equation, differential calculus, integral calculus, applied statistics in business, behavioral statistics, biostatistics, computer aided analysis, linear algebra, abstract algebra, number theory, probability theory, quantitative analysis in business, mathematical investigations and modeling, among others. He is also a trainer for basic and tertiary non-deped teachers on senior high curriculum in mathematics, statistics and probability areas in the Visayas region. His research works and interests are in abstract algebra (group theory), graph theory, differential equation, mathematical modeling and simulation, fractal statistics, data mining and theory development. He also serves as researcher and research statistician at the Center for Policy, Research and Development Studies in USJ-R.

Roramie V. Arco, University of San Jose-Recoletos

is a science instructor at the Department of Mathematics
and Sciences of the University of San Jose- Recoletos. She obtained her Bachelor of Science in Biology from the University of the Philippines Tacloban College. She earned academic units in Master of Science in Wildlife Studies at the University of the Philippines at Los Banos. She fi nished her Master of Arts in Education major in Science and Technology from the University of the Visayas through the Expanded Tertiary Education Equivalency and Accreditation Program. Her research interest focuses on microbiology and wildlife conservation. She has attended several training seminars and workshops on science education, instructional materials development and research trends. She is a member of several scientifi c organizations and has participated in training courses and conferences.

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Published

2014-12-09

How to Cite

Gulay, G. E., Leyte, P. A., Villeta, R. B., & Arco, R. V. (2014). Factors Affecting Business Stability among ASEAN Member States. Recoletos Multidisciplinary Research Journal, 2(2). https://doi.org/10.32871/rmrj1402.02.16

Issue

Vol. 2 No. 2 (2014)

Section

Articles

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Copyright of the Journal belongs to the University of San Jose-Recoletos