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on South East Asia |
| By: | Noorina Hartati (Universitas Terbuka, Cabe Raya Street, Pondok Cabe, Pamulang, 15418, South Tangerang, Indonesia Author-2-Name: Rini Dwiyani Hadiwidjaja Author-2-Workplace-Name: Universitas Terbuka, Cabe Raya Street, Pondok Cabe, Pamulang, 15418, South Tangerang, Indonesia Author-3-Name: Ali Muktiyanto Author-3-Workplace-Name: Universitas Terbuka, Cabe Raya Street, Pondok Cabe, Pamulang, 15418, South Tangerang, Indonesia) |
| Abstract: | Objective – This paper examines the influence of Good University Governance ('GUG') on Human Capital ('HC') and Quality, as well as the influence of CUG on HC through the use of Quality . Methodology/Technique – This research uses an explanatory survey design. The data was collected by visiting state and private universities in Indonesia that offer an S1 Accounting Study Program. Twenty cities were covered and responses to 70 questionnaires were processed. The influence of GUG on HC was analysed using a Structural Equation Model (SEM). Findings – The study found that GUG has a significant positive effect on Quality and GUG has a significant positive effect on HC. However, the influence of Quality on HC and the indirect influence of GUG on HC through Quality were negatively significant. Overall, the total influence of GUG on HC was positively significant. Novelty – This study suggests that GUG improves HC and the Quality of services in Indonesian universities. However, improved quality of HC seems to lead to a deterioration in the quality of university services. Further, quality of services fails to mediate the influence of GUG on HC. |
| Keywords: | Good University Governance; Human Capital; Quality; S1 Accounting Study Program; Universities; Indonesia. |
| JEL: | O15 I23 J24 |
| Date: | 2018–03–05 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr151&r=sea |
| By: | Wahyuddin Latunreng (Institut STIAMI, Indonesia. Author-2-Name: Daryanto Hesti Wibowo Author-2-Workplace-Name: Padjadjaran University/Institute STIAMI, Jl. Dipati Ukur No. 35, 40132, Bandung, Indonesia) |
| Abstract: | Objective – This study discusses the role of tourism policy in the development of small and medium enterprises (SMEs) in the province of Belitong, Indonesia. Methodology/Technique – This research applies mixed method analysis through the use of likert-scale questionnaires and interviews. The respondents completing the survey are from SME proprietors. Following the questionnaire, an interview with the Regent was delivered to confirm the findings. Findings – The research shows that people working in SMEs agree that tourism policy encourages the development of SMEs. However, it is shown that tourism policies need to be more inclusive, particularly with respect to shifting such policies from a mining (extractive) economy into a tourism economy. Novelty – This study resiliently makes suggestions for the improvement of public communication; some people fail to comprehend tourism policies which may lead to the ineffectiveness of the programs. |
| Keywords: | Effective; Efficient; Policy; SMEs; Sustainable; Tourism |
| JEL: | L20 L25 L29 |
| Date: | 2018–02–23 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr176&r=sea |
| By: | Vilchez, Ma. Gladys C. |
| Abstract: | As the Philippines participates in negotiations for new-generation free trade agreements (FTAs), it is crucial for the country to have a critical assessment of its readiness to meet the obligations set out therein. Among others, the legal and policy implications of particular new-generation FTA provisions must be carefully examined. This paper provides a study of the legal and policy implications of the intellectual property (IP) provisions of these new-generation FTAs through an analysis of the relevant IP provisions of the Trans-Pacific Partnership (TPP) Agreement. It also reviews the IP treaties and conventions ratified by the Philippines, the current IP laws and related laws enacted to implement these treaties, as well as the legal framework within which IP rights are protected and enforced, to assess their convergence with TPP obligations, draw out the gaps, and identify policy and regulatory changes and administrative actions that may be required for the Philippines to achieve readiness to join the TPP or similar FTAs. |
| Keywords: | Philippines, TPP, FTA, free trade agreement, Trans-Pacific Partnership Agreement, new-generation FTAs, intellectual property |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:phd:pjdevt:pjd_2016_vol__43_no__2b&r=sea |
| By: | Evi Thelia Sari (School of Economics (STIE) Mahardhika Surabaya, Indonesia) |
| Abstract: | Objective – As sales in the fashion industry continue to grow, consumer behaviour with respect to purchasing fashion products has also grown. This paper provides an overview of consumers' susceptibility to interpersonal influence (CSII) and examines whether there is the difference between male and female consumers with respect to buying fashion products in Surabaya, Indonesia. Methodology/Technique – The conceptual framework in this paper compares males and females in terms of their normative susceptibility to interpersonal influences (NSI) and informative susceptibility to interpersonal influences (ISI). The study uses a quantitative methodology with an independent sample t-test for analysis. The data is collected through the distribution of questionnaires to 200 respondents, being 100 males and 100 females, falling between the ages of 17 and 45 years old. Further, all respondents live in Surabaya, Indonesia. Findings – There study results show that thre is no difference in normative susceptibility to interpersonal influences (NSI) between males and females however, there is a difference in informative susceptibility to interpersonal influences (ISI) between male and female, with respect to purchasing fashion products. Novelty – This study provides an insight into the similarity in normative susceptibility to interpersonal influences and differences in informative susceptibility to interpersonal influences (ISI) between males and females. This information may be useful for fashion manufacturers, vendors and other interested stakeholders. |
| Keywords: | Gender-based Marketing; Consumers' Susceptibility to Interpersonal Influences; Purchasing Behavior; Fashion Products. |
| JEL: | M30 M31 |
| Date: | 2018–02–27 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr180&r=sea |
| By: | Syarifah Farradinna (Faculty of Psychology, Islamic University of Riau, Pekanbaru-Riau 28284, Indonesia Author-2-Name: Tengku Nila Fadhlia Author-2-Workplace-Name: Faculty of Psychology, Islamic University of Riau, Pekanbaru-Riau 28284, Indonesia Author-3-Name: Azmansyah Author-3-Workplace-Name: Faculty of Economic, Islamic University of Riau, Pekanbaru-Riau 28284, Indonesia) |
| Abstract: | Objective – The present study was conducted to describe the psychological state of the entrepreneur in the utilization of resource potential and business development, and to identify the personality factors that most influence self-regulation in SMEs entrepreneurs. Methodology/Technique – This study was performed using a measurement scale in order to test the response of the personality factors and self-regulation of entrepreneurs of SMEs in Pekanbaru, Riau. The sample included 152 entrepreneurs of SMEs. Regression analysis was been applied to test the influence of the personality factors contributing towards self-regulation. In addition, descriptive response analysis is used to describe the response shown by the participants regarding the variables measured. Findings – The analysis shows that personality factors (openness to experience, conscientiousness, extraversion, agreeableness) have a significant effect on self-regulation in entrepreneurs in Pekanbaru City. The results also show that the personality factor neuroticism does not have a significant effect on self-regulation in entrepreneurs of SMEs in Pekanbaru, Riau. Novelty – SMEs in Indonesia hold the potential for increasing economic growth. Despite this, the Central Bureau of Statistics has recorded a decrease in the number of new SMEs from 2011 to 2014. |
| Keywords: | Entrepreneurial Personality; Self-Regulation; Small and Medium Business Entrepreneurs. |
| JEL: | L20 L26 L29 |
| Date: | 2018–02–24 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr178&r=sea |
| By: | Chermian Eforis (Universitas Multimedia Nusantara, Scientia Garden-Gading Serpong, 15820, Tangerang, Indonesia) |
| Abstract: | Objective – The purpose of this research is to determine the effect of good corporate governance (GCG) on Indonesia's SOEs and the influence of state ownership on company performance. Methodology/Technique – This study examines State Owned Enterprises in Indonesia that were listed on the Indonesia Stock Exchange between 2011 and 2015. Findings – The empirical results show that GCG and state ownership both have a positive influence on the company's financial performance (in this case, Return On Assets). However, the percentage of state ownership has a negative effect on the relationship between Good Corporate Governance and Return On Assets. Novelty – One agency cost is monitoring expenditure by the principal. Privatization is one way to improve the performance of SOEs. Privatization is believed to improve the performance of SOEs, as a result of increased supervision of the performance of SOEs in Indonesia. |
| Keywords: | State Owned Enterprises; Good Corporate Governance; State Ownership; Return On Assets; Indonesia. |
| JEL: | G32 H70 G34 |
| Date: | 2018–03–04 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr154&r=sea |
| By: | Agustina Chandra (Trisakti School of Management, Jl. Kyai Tapa No. 20, 11440, Jakarta, Indonesia Author-2-Name: Wimelda Author-2-Workplace-Name: Trisakti School of Management, Jl. Kyai Tapa No. 20, 11440, Jakarta, Indonesia) |
| Abstract: | Objective - The purpose of this research is to analyze the effect of motivational bonus, leverage, firm size, corporate governance (audit committee's size, the proportion of independent commissioners, institutional ownership, managerial ownership) and free cash flow on earnings management. Methodology/Techniques - Earnings management is analyzed in this research using the modified Jones model. The population for the research consists of manufacturing companies listed on the Indonesian Stock Exchange (IDX) between 2013-2015. The final sample includes 60 manufacturing companies. Findings - The result of this study indicate that motivational bonus, leverage, firm size and free cash flow have an influence on earnings management practices. Motivational bonuses and free cash flow as opportunistic behavior also influence earnings management. In addition, leverage and firm size as external monitoring mechanism influence earnings management practices while audit committee size, the proportion of independent commissioners, institutional ownership and managerial ownership as corporate governance practices in companies has no significant effect on earnings management practices. Hence, it is concluded that corporate governance has no effect on earnings management practices in Indonesia. |
| JEL: | G34 G02 |
| Date: | 2018–03–11 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr157&r=sea |
| By: | Clarete, Ramon L.; Pascua, Gerald Gracius Y. |
| Abstract: | This paper assesses the alignment of the Philippine Government Procurement Reform Act (GPRA) with respect to the Trans-Pacific Partnership (TPP) Agreement, and examines the policy reforms in government procurement that the country may have to implement if it accedes to the TPP. It takes stock of the legal gaps between the current public procurement law of the country--Republic Act 9184 or the GPRA--and the obligations of TPP parties in Chapter 15 of the agreement covering government procurement (GP-TPP). The key consideration to be made by the Philippines is to determine whether joining the TPP and acceding to a party's obligations in GP-TPP would accrue net positive benefits to the country as a whole. Taking note of the need to implement compensating measures to minimize adjustment costs of local firms currently enjoying preference, the paper argues that opening up the procurement market to foreign suppliers belonging to TPP countries would confer net benefits to the Philippine government and Filipinos in general. |
| Keywords: | Philippines, government procurement, TPP, Trans-Pacific Partnership Agreement, GPRA, Government Procurement Reform Act, procurement rules |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:phd:pjdevt:pjd_2016_vol__43_no__2d&r=sea |
| By: | Guillaume Delalande; Raundi Halvorson-Quevedo; Cécile Sangaré |
| Abstract: | This working paper presents the results of the country pilot carried out in the Philippines in 2017 in the context of the development of the new framework of total official support for sustainable development (TOSSD). The results of the pilot indicate the potential of TOSSD for the Philippines as an international measurement standard and as a useful contribution to overall transparency. It also demonstrates the necessity to urgently advance the technical design of the measure, including by looking at the definition, motivations and scope of cross-border flows in the context of TOSSD. For the measure to be useful, it is critical that it captures the totality of official development finance, including both official and officially supported resources, along with “satellite” indicators on the broader financing landscape. The inclusion of certain flows (such as export credits or South-South and Triangular co-operation) in TOSSD requires additional engagement and consultation. The pilot also provides a first estimate of TOSSD flows for the Philippines at approximately USD 3.5 billion (based on 2014-2015 proxy data). The total amount of TOSSD resources received by the Philippines is close to two and half times the amount of ODA provided to the country. |
| Keywords: | Development Finance, Philippines, SDG, TOSSD, Transparency |
| JEL: | C4 F3 |
| Date: | 2018–03–23 |
| URL: | http://d.repec.org/n?u=RePEc:oec:dcdaaa:42-en&r=sea |
| By: | Various Authors |
| Abstract: | The second semester issue of the Philippine Journal of Development features articles on Typhoon Ondoy and the Trans-Pacific Partnership (TPP) agreement. The first article estimates the economic impact of Typhoon Ondoy in the cities of Pasig and Marikina, based on the business sector's perceptions on their periods of adjustment in the aftermath of the disaster. Three articles, meanwhile, analyze the Philippines' readiness to join the TPP and other new-generation free trade agreements, focusing on policy implications on three significant aspects: (1) intellectual property, (2) government procurement, and (3) investor-state dispute settlement. |
| Keywords: | Philippines, government procurement, TPP, FTA, PJD, Trans-Pacific Partnership Agreement, Typhoon Ondoy, intellectual property, investor-state dispute settlement, new-generation free trade agreement |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:phd:pjdevt:pjd_2016_vol__43_no__2x&r=sea |
| By: | Patricia Diana (Universitas Multimedia Nusantara, Gading Serpong - Tangerang, 15810, Banten, Indonesia Author-2-Name: Maggy Author-2-Workplace-Name: Universitas Multimedia Nusantara, Gading Serpong - Tangerang, 15810, Banten, Indonesia) |
| Abstract: | Objective – This study aims to examine and explain the relationship between a company's internal factors such as profitability, solvency and audit committee, and external factors including complexity and size of public accounting firms, with audit delay. Methodology/Technique – The importance of financial information is, in part, due to its utility for assessment of company performance. Hence, financial information should be produced and reported as quickly as possible each year. Findings – This study finds that manufacturing companies with high debt levels and low profitability experience longer audit delay. Moreover, the results in this study show that debt level is the most influential and significant factor with a positive relationship to audit delay. Novelty – This study shows that profitability, the number of members on an audit committees and public accounting firm (KAP) size all have an insignificant negative relationship with audit delay. Further, complexity has an insignificant positive relationship with audit delay. |
| Keywords: | Profitability; Debt; Complexity; Audit Committees; Audit Delays. |
| JEL: | M42 M41 |
| Date: | 2018–02–21 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr153&r=sea |
| By: | Serhan Cevik; Fedor Miryugin |
| Abstract: | This paper conducts a firm-level analysis of the effect of taxation on corporate investment patterns in member states of the Association of Southeast Asian Nations (ASEAN). Using large-scale panel data on nonfinancial firms over the period 1990–2014, and controlling for macro-structural differences among countries, we find a significant degree of persistence in firms’ net fixed investments over time, which vary with firm characteristics, such as size, sales, profitability, leverage, and age. Our analysis brings up interesting empirical results, including nonlinear patterns of behavior in firms’ capital investment decisions acrosss ASEAN countries. Concerning the main variable of interest, we find that a moderate level of taxation does not hinder business investment, but this effect turns negative as higher tax burden raises the user cost of capital and distorts resource allocations. |
| Date: | 2018–03–02 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:18/34&r=sea |
| By: | Arif Lukman Santoso (Universitas Sebelas Maret Surakarta, Indonesia) |
| Abstract: | Objective – This paper investigates the influence of emotional intelligence on job performance among accounting students undertaking Student Internships. Methodology/Technique – This study adopts a quantitative research approach, using questionnaires to collect data. The study examines accounting students at Sebelas Maret University. The sample consists of 201 participants who were selected using a purposive method, from the final year students studying Accounting (Undergraduate and Diploma Programs) at Sebelas Maret University. Regression analysis is used to examine the relationship between emotional intelligence and job performance in accounting students. Findings – The results show that emotional intelligence has a positive influence on job performance among students undertaking internships. Further analysis suggests that the ability to motivate oneself and build meaningful relationships are the most important variables in explaining the relationship between emotional intelligence and job performance of students undertaking internships. Novelty – This research contributes to emotional intelligence literature by providing meaningful management implications to the university administrators in the Indonesian higher education system. |
| Keywords: | Emotional Intelligence; Job Performance; Internship Activity; Accounting Students; Management. |
| JEL: | M10 M12 M41 |
| Date: | 2018–02–27 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr179&r=sea |
| By: | Teehankee, Manuel A.J. |
| Abstract: | While the Trans-Pacific Partnership (TPP) has seen some rough sailing with the United States' withdrawal, it remains the acknowledged state of the art for current economic cooperation agreements, and it stands out as the first of its kind as a megaregional agreement. This article reviews and analyzes investor protection clauses of the original TPP in the context of Philippine policy concerns and the attempt of the TPP's provisions to both enhance and balance investor protection with good governance in the areas of environment and labor regulations. |
| Keywords: | Philippines, dispute settlement, TPP, Trans-Pacific Partnership Agreement, investor-state dispute settlement, investments, investor protection, labor regulations |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:phd:pjdevt:pjd_2016_vol__43_no__2c&r=sea |
| By: | Nanik Hariyana (Faculty of Economic & Bussiness University of Jember, Indonesia Author-2-Name: Raden Andi Sularso Author-2-Workplace-Name: Faculty of Economic & Bussiness University of Jember, Indonesia Author-3-Name: Diana Sulianti K Tobing Author-3-Workplace-Name: Faculty of Economic & Bussiness University of Jember, Indonesia Author-4-Name: Imam Suroso Author-4-Workplace-Name: Faculty of Economic & Bussiness University of Jember, Indonesia) |
| Abstract: | Objective – The purpose of this study is to determine the effect of advertising of FMCG products on the decision to purchase those products, and brand loyalty, in East Java. Methodology/Technique –This study examines the effect of television advertising on the decision to purchase and brand loyalty with respect to FMCG products. The study uses purposive sampling to gather information in the district of East Java, with a sample of 140 respondents. The study also uses SEM (Structural Equation Modelling) to measure the results. Findings – The SEM analysis shows that product advertising has a significant effect on the decision to purchase and brand loyalty on FMCG products in East Java, which tends to increase at a rate of 5% alpha. Novelty – This study examines the purchasing power of people in the district of East Java. |
| Keywords: | Strategy; Advertising; Messages; Advertising Products; Lux Soap; Purchasing Decisions. |
| JEL: | M3 M31 |
| Date: | 2018–02–23 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr174&r=sea |
| By: | Komm Pechinthorn (Rajamangala University of Technology Krungthep) |
| Abstract: | This research assessed the students? improvement of their learning outcomes toward business subjects, specifically in the class of Production & Operation Management, after having peer teaching method by group with complete autonomy. The before and After period of study was implemented in order to compare the expected improvement between the selected groups of students who are assigned to participate in complete peer teaching activity as a group in front of class. To challenge all levels of students in this project, six to seven students are randomly selected into groups in their 3rd year with different rank of GPAs from highest to lowest at International College of Rajamangala University of Technology Krungthep (ICUTK) in Thailand. They are assigned to read the chapter and prepared the presentation to educate their classes in each chapters by using the peer teaching method. Questionnaires were given to 46 students in order to collect useful data. The results indicated the positiveness toward the introduction and implementation of the peer teaching method and showed many improvements in different areas within the semester. |
| Keywords: | Peer teaching; Students' improvement; Thailand |
| JEL: | A22 |
| Date: | 2017–10 |
| URL: | http://d.repec.org/n?u=RePEc:sek:iacpro:5908118&r=sea |
| By: | Tuano, Philip Arnold P.; Muyrong, Marjorie S.; Clarete, Ramon L. |
| Abstract: | The adverse effects of extreme flooding caused by Typhoon Ondoy in Pasig and Marikina Cities in 2009 are significant. This paper estimates that both cities may have lost PHP 22.54 billion, 90 percent of which represent the loss of Pasig City. The study’s estimates are obtained using a multiweek, local economy computable general equilibrium analysis which assumes weekly market clearing. Some suggestions for improving the methodology are provided. |
| Keywords: | Philippines, CGE, Typhoon Ondoy, Pasig City, Marikina City, computable general equilibrium model, equivalent variation, extreme flooding, climate-related disaster |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:phd:pjdevt:pjd_2016_vol__43_no__2a&r=sea |
| By: | Jasrial (Universitas Terbuka, Jalan Cabe Raya, Pamulang, 15418, Tangerang Selatan, Indonesia Author-2-Name: Susy Puspitasari Author-2-Workplace-Name: Universitas Terbuka, Jalan Cabe Raya, Pamulang, 15418, Tangerang Selatan, Indonesia Author-3-Name: Ali Muktiyanto Author-3-Workplace-Name: Universitas Terbuka, Jalan Cabe Raya, Pamulang, 15418, Tangerang Selatan, Indonesia) |
| Abstract: | Objective – This research examines the effect of company size, changes in out-cash flow, return on assets, conservatism, and profit levelling on earnings management. Methodology/Technique – The results of this research show that banking capital structure, capital intensity, intensity of inventory, and intensity of R & D have a significant impact on effective tax rates. Further, the results also show that, with respect to the non-banking sector, R & D expenditure contributes significantly to effective tax rates. Simultaneously, earnings management and effective tax rates, as well as other factors, also have an effect on book tax gap. Findings – This study shows that profit management has a significantly positive effect on book tax gap, and effective tax rates has a significant negative effects o book tax gap. In terms of the non-banking sector, earnings management and effective tax rate have no effect on book tax gap. Deferred tax expenses have a lower capability to detect earnings management than accrual, in both the banking and non-banking sector. Novelty – The study of management capabilities optimizes the role of book tax gap and effective tax rate for earning management. Both tax management and earnings management are closely related to behavior management in managing a company based on the agency theory. Furthermore, the study identifies a relationship between earnings management and book tax gap |
| Keywords: | Book Tax Gap; Effective Tax Rate; Earnings Management; Accrual Total; Indonesia. |
| JEL: | H26 H29 |
| Date: | 2018–03–10 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr156&r=sea |
| By: | Sayeeda Bano (University of Waikato); Gazi Hassan (University of Waikato) |
| Abstract: | The J-curve hypothesis holds that the devaluation or depreciation of a country’s currency worsens the trade balance in the short run before improving the balance in the long run. This study investigates the short-run and long-run effects of nominal exchange rate changes on the bilateral trade balance between New Zealand, Australia, USA, UK, China, India, Japan and Singapore using quarterly data from 1990 to 2014. The results show some evidence of J-curve effects in the case of New Zealand and China and New Zealand and Japan but with no evidence to support J-curve effects in the case of New Zealand and Australia, USA, UK, India and Singapore. Diagnostic tests, however, suggest that there are some omitted variables in the models. |
| Keywords: | international trade; J-curve; New Zealand trade; exchange rates; ASEAN; RCEP |
| JEL: | F01 F02 F10 F13 F14 Q1 |
| Date: | 2018–03–27 |
| URL: | http://d.repec.org/n?u=RePEc:wai:econwp:18/05&r=sea |
| By: | Yefni (Politeknik Caltex Riau, 28265, Pekanbaru, Indonesia Author-2-Name: Hamdani Arifulsyah Author-2-Workplace-Name: Politeknik Caltex Riau, 28265, Pekanbaru, Indonesia Author-3-Name: Suci Nurulita Author-3-Workplace-Name: Politeknik Caltex Riau, 28265, Pekanbaru, Indonesia) |
| Abstract: | Objective - This study aims to identify the impact of the application of the PSAK 69 in plantation companies in Riau, particularly in PT Perkebunan Nusantara V (Persero), and the impact of PSAK 69 to the profit gained by PT Perkebunan Nusantara V (Persero). Methodology/ Technique - This research is a qualitative descriptive research. The approach used in this research is a case study. The object of this research is PT Perkebunan Nusantara V (Persero). PT Perkebunan Nusantara V (Persero) is a company engaged in the field of palm oil plantations. This study uses the data from PT Perkebunan Nusantara V (Persero)'s annual report in 2016 and the data is collected using interviews and documentation techniques. Findings - The results of this study indicate that PT Perkebunan Nusantara V (Persero) has not implemented the PSAK 69 in its agricultural business. In addition, there are differences in the measurement and recording of the biological assets applied by PT Perkebunan Nusantara V (Persero) under the PSAK 69 (IAS 41). PT Perkebunan Nusantara V (Persero) measures and records its biological assets based on historical cost, so there is no gain or loss in the current period. In addition, the profit gained by PTPN V for the year ending on 31 December 2016 is too low. Novelty - The results of this study are expected to be used as a reference for other plantation companies in implementing the PSAK 69. In addition, the results of this study are also useful to regulating agencies in developing rules and policies in the field of accounting, including in re-evaluating the PSAK 69. |
| Keywords: | PSAK 69; Agricultural Products; Biological Assets; Profit. |
| JEL: | G32 M41 |
| Date: | 2018–03–07 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr158&r=sea |
| By: | Kellard, Neil; Millo, Yuval; Simon, Jan; Engel, Ofer |
| Abstract: | We examine how communication, evaluation and decision-making practices among competing market actors contribute to the establishment of herding and whether this has impact on market wide phenomena such as prices and risk. Data is collected from interviews and observations with hedge fund industry participants in Europe, the United States and Asia. We examine both contemporaneous and biographical data, finding that decision making relies on an elaborate two-tiered structure of connections among hedge fund managers and between them and brokers. This structure is underpinned by idea sharing and development between competing hedge funds leading to ‘expertise-based’ herding and an increased probability of over-embeddedness. We subsequently present a case study demonstrating the role that communication between competing hedge funds plays in the creation of herding and show that such trades affect prices by introducing an additional risk: the disregarding of information from sources outside the trusted connections. |
| JEL: | J50 F3 G3 |
| Date: | 2017–01 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:64766&r=sea |
| By: | Sudaryanto (Faculty of Economics and Business University of Jember, Indonesia. Author-2-Name: Jery Courvisanos Author-2-Workplace-Name: Faculty of Economics and Business Federation University Australia Author-3-Name: Alif Puji Rahayu Author-3-Workplace-Name: Faculty of Economics and Business Federation University Australia) |
| Abstract: | Objective – The purpose of this study is to identify the influence of similarity, reputation, perceived risk, and innovation as brand extensions of smartphones developed by Samsung, toward brand equity. Methodology/Technique – This study uses explanatory research. The population in this study consists of consumers of Samsung Galaxy mobiles for at least one month. Questionnaires were delivered to the respondents, after it had passed the validity and reliability tests. Following on from the statistical testing, the data was analysed using a multiple linear regression. Then, the classical assumption test was conducted to determine the goodness of fit of the model. The data was collected using a questionnaire consisting of a closed statement, measured by a Likert Scale Findings – The results of this study show that similarity, reputation, perceived risk, and innovation as the variable dimensions have a significant effect on Brand Equity of Samsung Galaxy mobiles. |
| Keywords: | Brand Extension; Brand Equity; Similarity; Reputation; Perceived Risk; Innovation; Explanatory Research. |
| JEL: | M3 M30 M39 |
| Date: | 2018–02–22 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr175&r=sea |
| By: | Amat Adarov (The Vienna Institute for International Economic Studies, wiiw) |
| Abstract: | The study analyses financial cycles based on a global sample of 34 advanced and developing countries over the period 1960Q1 to 2015Q4. We use dynamic factor models and state-space techniques to estimate financial cycles in credit, housing, bond and equity markets, as well as aggregate financial cycles for each country in the sample using a large number of variables conveying price, quantity and risk characteristics of respective markets. The analysis reveals the highly persistent and recurring nature of financial cycles, which tend to fluctuate at frequencies much lower than business cycles, 9‑15 years on average, and are indicative of major financial distress episodes. Our results point to notable intra-regional synchronisation, as well as nontrivial co-movement tendencies between European, American and Asian financial cycles. We also extract global and regional financial cycles, the former closely associated with the dynamics of the US T-bill rate and the VIX index, confirming the existence of common supranational factors governing the boom-bust dynamics of financial market activity around the world. |
| Keywords: | financial cycles, global and regional financial cycles, asset bubbles, housing prices, equity, debt securities, credit, capital markets, Kalman filter, factor models |
| JEL: | E44 E50 F37 G15 |
| Date: | 2018–03 |
| URL: | http://d.repec.org/n?u=RePEc:wii:wpaper:145&r=sea |
| By: | Figueroa, Jose Luis; Mahmoud, Mai; Breisinger, Clemens |
| Abstract: | This paper aims to support the implementation of the strategic development plans of Jordan by analyzing the role of agriculture and farmers in the Jordanian economy, the role that productivity and structural change can play for fostering agricultural growth, and the role agro-processing may play in Jordan’s economic development. We argue that the development of the agro-processing sector often has stronger backward and forward linkages with the agricultural sector than other sectors and, thus, plays an important role for rural transformation. |
| Keywords: | agriculture; economic development; agricultural development; rural development; agricultural sector; agricultural productivity; refugees; employment; agricultural policies; economic growth; JORDAN; WESTERN ASIA; ASIA; MIDDLE EAST; agro-processing; high value crops |
| Date: | 2018 |
| URL: | http://d.repec.org/n?u=RePEc:fpr:menawp:5&r=sea |
| By: | Eugenio M Cerutti; Haonan Zhou |
| Abstract: | This paper analyses the nature of the increasing regionalization process in global banking. Despite the large decline in aggregate cross-border banking lending volumes, some parts of the global banking network are currently more interlinked regionally than before the Global Financial Crisis. After developing a simple theoretical model capturing banks' internationalization decisions, our estimation shows that this regionalization trend is present even after controlling for traditional gravitational variables (e.g. distance, language, legal system, etc.), especially among lenders in EMs and non-core banking systems, such as Australia, Canada, Hong Kong, and Singapore. Moreover, this regionalization trend was present before the GFC, but it has increased since then, and it seems to be associated with regulatory variables and the opportunities created by the retrenchment of several European lenders. |
| Date: | 2018–03–09 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:18/46&r=sea |
| By: | JungJae Park (National University of Singapore); Charles Engel (University of Wisconsin) |
| Abstract: | This paper quantitatively investigates the currency composition of sovereign debt in the presence of two types of limited enforcement frictions arising from a government’s monetary and debt policy: strategic currency debasement and default on sovereign debt. Local currency debt has better state contingency than foreign currency debt in the sense that its real value can be changed by a government’s monetary policy, thus acting as a better consumption hedge against income shocks. However, this higher degree of state contingency for local currency debt provides a government with more temptation to deviate from disciplined monetary policy, thus restricting borrowing in local currency more than in foreign currency. The two financial frictions related to the two limited enforcement problems combine to generate an endogenous debt frontier for local and foreign currency debts. Our model predicts that a less disciplined country in terms of monetary policy borrows mainly in foreign currency, as the country faces a much tighter borrowing limit for local currency debt than for the foreign currency debt. Our model accounts for the surge in local currency borrowings by emerging economies in the recent decade and “Mystery of Original Sin” by Eichengreen, Haussman, Panizza (2002) |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:red:sed017:1558&r=sea |
| By: | Paulo A Medas; Veronique Salins; Jeff Danforth |
| Abstract: | Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity prices, some of these countries will need to adjust their budgets to the new reality. In many cases, overall surpluses turn into large fiscal deficits and borrowing costs tend to rise with the fall in commodity prices. This note discusses how to undertake large fiscal adjustments, which often tend to be protracted and with long-lasting impacts on growth. Consequently, the note also highlights how to better prepare for future booms and busts in commodity prices. |
| Keywords: | Asia and Pacific;Canada;Chile;Commodity prices;Malaysia;Natural resources;Nigeria;Sub-Saharan Africa;Western Hemisphere;Commodity boom;Commodity price shocks;Capital expenditure;Expenditure policy;Fiscal adjustment;Fiscal deficits;commodity exporters, resource-rich countries, commodity revenues, borrowing costs, growth, commodity price booms, commodity price busts, public expenditure, oil producers, metal exporters, public wage bill, nonresource revenues |
| Date: | 2016–09–27 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfhtn:16/01&r=sea |