nep-sea New Economics Papers
on South East Asia
Issue of 2019‒08‒26
24 papers chosen by
Kavita Iyengar
Asian Development Bank

  1. Integrating Capital Structure, Financial and Non-Financial Performance: Distress Prediction of SMEs By Farida Titik Kristanti
  2. How Impactful is Telecom Efficiency to Company Stock Value? By Riko Hendrawan
  3. Earnings Management and Fraudulent Financial Reporting By Rosita Suryaningsih
  4. Industrialization and global warming (a brief case analysis of palm oil production : indonesia) By Jasmeet Lamba,; Bhumika Gupta; Sam Dzever
  5. Company Characteristics, Corporate Governance, Audit Quality Impact on Earnings Management By Friska Firnanti
  6. Malaysia; Technical Assistance Report-Government Finance Statistics Mission By International Monetary Fund
  7. Malaysia; Technical Assistance Report-Government Finance Statistics Mission and Preceding Remote Support By International Monetary Fund
  8. The Effect of Related Party Transactions through Opportunistic Behaviour Management to Increase Firm Value By Arna Suryani
  9. How resilient is ASEAN-5 to trade shocks? Regional and global shocks compared. By Raghavan, Mala; Devadason, Evelyn S
  10. Cash in Hand and Savings Decisions By Lisa Spantig
  11. Cash in Hand and Savings Decisions By Spantig, Lisa
  12. Ownership Structure and Earnings Management By Nico Alexander
  13. Tax Administration vs. Tax Rates: Evidence from Corporate Taxation in Indonesia By M. Chatib Basri; Mayara Felix; Rema Hanna; Benjamin A. Olken
  14. Distinguishing barriers to insurance in Thai villages By Cynthia Kinnan
  15. Vietnamese Commercial Banks and Corporate Governance By E. Bace
  16. An Awareness Model for an Islamic Pre-Need Funeral Plan By Maheran Katan
  17. Computational method for probability distribution on recursive relationships in financial applications By Jong Jun Park; Kyungsub Lee
  18. The gravity model for Maltese goods exports and imports By Reuben Ellul
  19. Social protection in Asia and the Pacific: inventory of non-contributory programmes By Raquel Tebaldi
  20. Farmers, Traders, and Processors: Estimating the Welfare Loss from Double Marginalization for the Indonesian Rubber Sector By Kopp, Thomas; Sexton, Richard J.
  21. Dispositional and situational factors at work: A validation of scales and examination of effects on job satisfaction By Pujol-Cols, Lucas J.; Dabos, Guillermo E.
  22. Non-contributory social protection through a child and equity lens in the United Arab Emirates By International Policy Centre for Inclusive Growth (IPC-IG)
  23. Lao People’s Democratic Republic; 2019 Article IV Consultation-Press Release; Staff Report; Statement by the Executive Director for Lao People's Democratic Republic By International Monetary Fund
  24. Entering the Black Box of Platform Orchestration : a metaphoric co-evolutionary framework for platform-based ecosystems By Xavier Parisot; Thierry Isckia; Pierre Vialle

  1. By: Farida Titik Kristanti (Faculty of Economics and Business, Telkom University, Indonesia Author-2-Name: Sri Rahayu Author-2-Workplace-Name: Telkom University, Jl Telekomunikasi, Terusan Buah Batu, Bandung, 40257, West Java, Indonesia Author-3-Name: Deannes Isynuwardhana Author-3-Workplace-Name: Telkom University, Jl Telekomunikasi, Terusan Buah Batu, Bandung, 40257, West Java, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - The growth of SMEs in Indonesia is rising from year to year. As an anticipation of bankruptcy, predictions can be made in an integrated means from the perspective of capital structure, financial, and non-financial performance. Methodology/Technique - A sample of 39 companies were selected using purposive sampling during the research period of 2013-2017. The results of the statistical logistic regression show that profitability is an important factor in predicting financial distress of the SMEs in Indonesia. Finding - The operating income to total assets has a negative and significant effect on SMEs financial distress. Meanwhile, retained earnings to total assets have a positive impact. Indonesian SMEs must be efficient in their operational costs to avoid financial distress. Novelty - In addition, sales are also important. If the company's sales are high, and the operational cost efficiency is maintained, the retained earnings will increase. This means that the company will be safe and able to avoid financial distress. Type of Paper - Empirical.
    Keywords: Capital Structure; Financial; Distress; Non-Financial; Performance.
    JEL: G32 G33 G34
    Date: 2019–07–15
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr175&r=all
  2. By: Riko Hendrawan (Faculty Economic and Business, Telkom University, Indonesia Author-2-Name: Kristian WA Nugroho Author-2-Workplace-Name: Faculty Economic and Business, Telkom University, Indonesia Author-3-Name: Gayuh T Permana Author-3-Workplace-Name: Faculty Economic and Business, Telkom University, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - The telecom industry is one of the optimistic industries that is still growing. In South East Asia, between 2008-2017, the number of subscribers increased 10.07% annually, and revenue for the industry grew 6.08% annually. However, Net Profit Margin, EBITDA, and EBIT value during the same period declined at the time revenue amount was increasing. One of the visible health factors and part of the valuation factor is stock value. Hence the research question of this study is: What is the impact and significance of telecom operators' efficiency to stock value? Methodology/Technique - In this study, efficiency will be measured and analyzed using Stochastic Frontier Approach (SFA) method. By using same method, the impact of efficiency to stock value will be measured, as well as the significance level. Finding - The results of this research show that from 14 telecom operators observed, TLKM (Indonesia) obtained the highest efficiency score (0.984) whereas StarHub (Malaysia) had the lowest efficiency score (0.405). TLKM (Indonesia) and AIS (Thailand) had a similar efficiency score given the fact that the behaviour of the subscribers is similar and they have the same country characteristic. Novelty - All of the input and output variables have a positive impact on the efficiency parameter except Total Asset which has negative impact on the efficiency score. By using further analysis of the t-Ratio between the variables and efficiency, it can be seen that stock value is impacted by the efficiency parameters but this impact is not significant (t-Ratio 1.35). Type of Paper - Empirical.
    Keywords: Efficiency; Telecom Operators; Stock Value, Indonesia.
    JEL: G14 G32 G39
    Date: 2019–07–11
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr157&r=all
  3. By: Rosita Suryaningsih (Universitas Multimedia Nusantara, Scientia Garden, Jl Boulevard Gading Serpong, 15811, Tangerang, Indonesia Author-2-Name: Febryanti Simon Author-2-Workplace-Name: Universitas Multimedia Nusantara, Scientia Garden, Tangerang, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - The objective of this research is to obtain empirical evidence about the effect of real earnings management that is proxied by abnormal Cash Flow from operating and discretionary expenses towards fraudulent financial reporting. Methodology/Technique - The objects in this research are companies listed on the Indonesian Stock Exchange (idx) between 2011 and 2015 comprised of companies that have engaged in fraudulent activities as well as those that have not, to enable a comparison to be made. The companies that have engaged in fraudulent financial reporting were obtained from a list issued by the Financial Services Authority (OJK), being the agency that oversees the capital market in Indonesia. The sampling is conducted using purposive sampling. Secondary data is used, and the hypotheses are testing using logistic regression analysis. Finding - The results of this research show that: (1) Real Earning Management proxied by Abnormal Cash Flow from operating activities (CFO) have a significant effect towards Fraudulent Financial Reporting (FFR), (2) Real Earning Management proxied by Abnormal Discretionary Expenses does not have an effect on Fraudulent Financial Reporting (FFR) and (3) Real Earning Management that is proxied by Abnormal Cash Flow from operating (CFO) and Abnormal Discretionary Expenses have a simultaneous and significant effect on Fraudulent Financial Reporting (FFR). Novelty - Based on these findings, this research provides insight to companies to enable them to give greater attention to abnormal cash flow from operating activities due to the effect this has on companies that are suspected of committing irregularities in its operational activities. This is important because fraudulent reporting can erode investor's confidence and thereby reduce investment in the company. Type of Paper - Empirical.
    Keywords: Abnormal Cash Flow; Abnormal Discretionary Expenses; Financial Services Authority (OJK); Fraudulent Financial Reporting; Real Earning Management.
    Date: 2019–07–19
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr174&r=all
  4. By: Jasmeet Lamba, (JSIA - Jindal School of International Affairs (Jindal Global University, Sonipat, Haryana)); Bhumika Gupta (MMS - Département Management, Marketing et Stratégie - Institut Mines-Télécom [Paris] - TEM - Télécom Ecole de Management - IMT-BS - Institut Mines-Télécom Business School, LITEM - Laboratoire en Innovation, Technologies, Economie et Management - UEVE - Université d'Évry-Val-d'Essonne - IMT-BS - Institut Mines-Télécom Business School); Sam Dzever (MMS - Département Management, Marketing et Stratégie - Institut Mines-Télécom [Paris] - TEM - Télécom Ecole de Management - IMT-BS - Institut Mines-Télécom Business School, LITEM - Laboratoire en Innovation, Technologies, Economie et Management - UEVE - Université d'Évry-Val-d'Essonne - IMT-BS - Institut Mines-Télécom Business School)
    Abstract: Ever since the last decade palm oil production has increased many folds and so has the use of the oil in various industries. Indonesia is the largest producer of palm oil in the world and produced 32.5 million tonnes of crude palm oil in 2014, exporting almost 80% of it to yield a considerable USD$18.6 billion in revenue. The numbers went up even further with 36 million tonnes of palm oil produced in 2017 alone. Evidently, the surge has given major boost to the palm oil industry, which has become the biggest currency earner in Indonesia, considering it is only second to Malaysia as the world's largest exporter of palm oil. However, the flip side of it is the devastating effect it has on the environment. Destruction of forests has led to catastrophic effects on our ecosystem. Institutional investors as well as individuals play a key role in financing the expansion of palm oil industry and are able to minimize the destruction caused by deforestation. A large-scale promotion of land grab-free investment policies and practices is definitely a first step in the direction. Depletion of natural resources causing serious and immediate health issues, and in some cases, overall survival of communities is an act of human rights violation and must be dealt with seriousness and sensitivity.
    Keywords: Sustainability,Ecological Economics,Global Warming,Climate Change
    Date: 2019–05–26
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-02265821&r=all
  5. By: Friska Firnanti (Accounting, Trisakti School of Management, Indonesia Author-2-Name: Kashan Pirzada Author-2-Workplace-Name: Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia, Kedah, Malaysia Author-3-Name: Budiman Author-3-Workplace-Name: Trisakti School of Management, Kyai Tapa No. 20, 11440, Jakarta, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - The purpose of this research is to empirically examine how company characteristics, corporate governance and audit quality affect earnings management. Methodology/Technique - The population used for this research is manufacturing companies listed on the Indonesian Stock Exchange between 2013 and 2015. The sampling method used in this research is purposive sampling. 64 companies are examined, with 192 items of data being obtained. Finding - This research also uses statistical testing through a multiple regression. The results show that return on assets, financial leverage, free cash flow, and sales growth all have an influence on earnings management. Meanwhile, other variables such as managerial ownership, institutional ownership, board size, the presence of an audit committee, firm size, and audit quality have no significant effect on earnings management. Novelty - In this research, company characteristics are proxied with the return on assets, financial leverage, firm size, free cash flow, and sales growth, while corporate governance is proxied with managerial ownership, institutional ownership, board size, and the presence of an audit committee. Type of Paper - Empirical.
    Keywords: Company Characteristics; Corporate Governance; Audit Quality; Earnings Management; Agency Theory.
    JEL: M40 M41 M49
    Date: 2019–07–12
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr173&r=all
  6. By: International Monetary Fund
    Abstract: Technical assistance (TA) missions were conducted by Mr. Hendrik Tillmann-Zorn, an IMF short-term government finance statistics (GFS) expert, during the period March 12–16, 2018, followed by remote capacity development through December 17–22, 2018.1 The missions aimed to support the Malaysian authorities in improving government finance statistics (GFS) for decision making. The mission was part of the second three-year government finance statistics (GFS) capacity development project funded by the government of Japan (JSA). The mission met with officials from the Ministry of Finance (MOF), the Bank Negara Malaysia (BNM), the Department of Statistics Malaysia (DOSM), and the Accountant General’s (AG) Department.
    Date: 2019–08–13
    URL: http://d.repec.org/n?u=RePEc:imf:imfscr:19/268&r=all
  7. By: International Monetary Fund
    Abstract: A technical assistance (TA) mission was conducted by Mr. Hendrik Tillmann-Zorn, an IMF short-term Government Finance Statistics (GFS) expert, during the period of March 4–8, 2019, to support the Malaysian authorities in improving GFS for decision making. The mission was prepared through a remote support mission in the period December 17–22, 2018. The missions were part of the second three-year GFS capacity development project funded by the Government of Japan (JSA).1 The mission met with officials from the Ministry of Finance (MOF), the Department of Statistics Malaysia (DOSM), and the Accountant General’s (AG) Department. The mission would like to thank the staff of the national institutions for their courtesy and willingness to share their knowledge with the mission. It is especially grateful to the staff of the MOF for their assistance in organizing the mission (see Appendix I for the list of officials met during the mission).
    Date: 2019–08–13
    URL: http://d.repec.org/n?u=RePEc:imf:imfscr:19/269&r=all
  8. By: Arna Suryani (Batanghari University, Jl. Slamet Riyadi, Broni, 36121, Jambi, Indonesia Author-2-Name: Atikah Author-2-Workplace-Name: Batanghari University, Jl. Slamet Riyadi, Broni, 36121, Jambi, Indonesia Author-3-Name: Hana Tamara Putri Author-3-Workplace-Name: Batanghari University, Jl. Slamet Riyadi, Broni, 36121, Jambi, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - This research aims to determine and analyze related party transactions to increase firm value through opportunistic behaviour management by conducting earnings management on manufacturing companies listed on the Indonesian Stock Exchange between 2015 and 2018. Methodology/Technique – There are 34 companies that fulfill the requirements to become the sample of this study. The method applied in analyzing the data is verification using path analysis. Findings – The results of the research show that related party transactions do not have any significant effect on firm value however it indicates a positive impact. Moreover, related party transactions do not have any significant impact on earning management yet it gives a negative impact on earning management. Novelty – The influence of earnings management shows a positive impact on firm value while it shows no signs of positive impact on firm value. The analysis shows that the value of the indirect impact of related party transactions through earnings management towards firm value is negative being 0.022 smaller than the direct impact of related party transaction toward firm value which is 0.053. This indicates that related party transactions through earnings management have no significant impact on firm value.
    Keywords: Related Party Transactions; Earnings Management; Firm Value.
    JEL: G02 G30 G32 G39
    Date: 2019–07–10
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr158&r=all
  9. By: Raghavan, Mala (Tasmanian School of Business & Economics, University of Tasmania); Devadason, Evelyn S (Faculty of Economics & Administration, University of Malaya)
    Abstract: This paper revisits the resilience of the ASEAN region to external shocks amidst the unfolding effects of the US-China trade war. It investigates and compares the effects of regional(ASEAN) and global (US, China) shocks on ASEAN-5 using a structural VAR framework. To identify the propagation of economic shocks and spillovers on ASEAN-5, the changing trade links between the economies considered are used to account for time variations spanning the period 1978Q1 to 2018Q2. Three major results follow from the analyses on trade links and output multiplier effects. First, the response of ASEAN-5 to shocks from the US and China were more pronounced than regional shocks for the period after the Asian financial crisis. Second, the increasing cumulative impact of China’s shock on ASEAN was congruous to the growing trade links and trade intensities between ASEAN and China. Third, the US and China were dominant growth drivers for the weaker trade-linked ASEAN partners. Taken together, the results suggest that global shocks matter for the region, and the economic resilience of the region to global shocks depends on indirect effects, apart from the direct trade links.
    Keywords: trade links; SVAR model; ASEAN-5; China; US
    JEL: F41 C32
    Date: 2019
    URL: http://d.repec.org/n?u=RePEc:tas:wpaper:30947&r=all
  10. By: Lisa Spantig
    Abstract: Cash is an important means of transaction, generally assumed to be fungible. However, behavioral economics and consumer research show that ‘cash in hand’, physically holding on to cash and then handing it away, affects purchasing decisions. I study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally identifies the causal effect of cash in hand on savings deposits of microfinance clients in the Philippines. In contrast to many laboratory and several field studies with similar interventions, I do not find reduced savings deposits due to cash in hand. I discuss reasons for and consequence of this surprising finding, in particular for developing economics where lots of transactions are still cash-based.
    Keywords: cash, savings, experiment
    JEL: D90 C90
    Date: 2019
    URL: http://d.repec.org/n?u=RePEc:ces:ceswps:_7767&r=all
  11. By: Spantig, Lisa (LMU Munich)
    Abstract: Cash is an important means of transaction, generally assumed to be fungible. However, behavioral economics and consumer research show that \'cash in hand\', physically holding on to cash and then handing it away, affects purchasing decisions. I study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a promising tool for reducing poverty, but the use of savings accounts is often puzzlingly low. Holding on to cash that needs to be physically deposited into a savings account may increase the psychological costs of saving. This study experimentally identifies the causal effect of cash in hand on savings deposits of microfinance clients in the Philippines. In contrast to many laboratory and several field studies with similar interventions, I do not find reduced savings deposits due to cash in hand. I discuss reasons for and consequence of this surprising finding, in particular for developing economics where lots of transactions are still cash-based.
    Keywords: cash; savings; experiment;
    JEL: D90 C90
    Date: 2019–08–19
    URL: http://d.repec.org/n?u=RePEc:rco:dpaper:180&r=all
  12. By: Nico Alexander (Trisakti School of Management, Kyai tapa No. 20, 11440, Jakarta, Indonesia Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - The purpose of this research is to analyze the effect of ownership structure toward earnings management. Methodology/Technique - The population of this research consist of manufacturing companies listed on the Indonesian Stock Exchange (IDX) from 2014 to 2016. This research uses 3 recent years and adds variables that have not been used in prior research. The sample of this research is chosen using a purposive sampling method. Finding - The hypothesis is tested by multiple regressions using an Eviews program to investigate the influence between each independent variable to earnings management. Novelty - The hypothesis is tested by multiple regressions using an Eviews program to investigate the influence between each independent variable to earnings management. Type of Paper - Empirical
    Keywords: Earnings Management; Ownership Structure; Institutional Ownership; Controlling Ownership; Foreign Ownership.
    Date: 2019–07–10
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr172&r=all
  13. By: M. Chatib Basri; Mayara Felix; Rema Hanna; Benjamin A. Olken
    Abstract: Developing countries collect a far lower share of GDP in taxes than richer countries. This paper asks whether changes in tax administration and tax rates can nevertheless raise substantial additional revenue – and if so, which approach is most effective. We study corporate taxation in Indonesia, where the government implemented two reforms that differentially affected firms. First, we show that increasing tax administration intensity by moving the top firms in each region into “Medium-Sized Taxpayer Offices,” with much higher staff-to-taxpayer ratios, more than doubled tax revenue from affected firms over six years, with increasing impacts over time. Second, using non-linear changes to the corporate income tax schedule, we estimate an elasticity of taxable income of 0.59, which implies that the revenue-maximizing rate is almost double the current rate. The increased revenue from improvements in tax administration is equivalent to raising the marginal corporate tax rate on affected firms by about 23 percentage points. We suggest one reason improved tax administration was so effective was that it flattened the relationship between firm size and enforcement, removing the additional “enforcement tax” on large firms. On net, our results suggest that improving tax administration can have significant returns for developing country governments.
    JEL: H25 H26 O23
    Date: 2019–08
    URL: http://d.repec.org/n?u=RePEc:nbr:nberwo:26150&r=all
  14. By: Cynthia Kinnan
    Abstract: Informal insurance is an important risk-coping mechanism in developing countries, yet this risk sharing is incomplete. Models of limited commitment, moral hazard, and hidden income have been proposed to explain incomplete informal insurance. This paper shows that the way in which history matters in forecasting consumption can be used to distinguish hidden income from limited commitment and moral hazard. The paper also develops a non-parametric test, based on over-identifying restrictions, that can test across models in the presence of nonclassical measurement error and individual-level heterogeneity. In panel data from rural Thailand, limited commitment and moral hazard are rejected. The predictions of the hidden income model are supported by the data.
    JEL: D82 D91 O12
    Date: 2019
    URL: http://d.repec.org/n?u=RePEc:tuf:tuftec:0831&r=all
  15. By: E. Bace (Middlesex University, United Kingdom Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Date: 2019–07–11
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr159&r=all
  16. By: Maheran Katan (Center of Islamic Philanthropy & Islamic Finance, Universiti Teknologi MARA, Melaka, Malaysia Author-2-Name: Nasreen Miza Hilmy Nasrijal Author-2-Workplace-Name: Universiti Teknologi MARA, Melaka, Malaysia Author-3-Name: Abd Halim Mohd Noor Author-3-Workplace-Name: Center of Islamic Philanthropy & Islamic Finance, Universiti Teknologi MARA, Melaka, Malaysia Author-4-Name: Norajila Che Man Author-4-Workplace-Name: Center of Islamic Philanthropy & Islamic Finance, Universiti Teknologi MARA, Melaka, Malaysia Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: Objective - Failure to prearrange one's funeral may lead to financial hardship on one's family members. Despite the importance of a funeral plan, little is known regarding the awareness level among Muslims regarding the Islamic Pre-need Funeral Plan (IPFP). Because of the dearth of academic research on the awareness among Muslims regarding IPFP, this paper aims to assess the awareness level of Muslims regarding IPFP and to develop an awareness model that frames factors affecting IPFP awareness level. Methodology/Technique - To achieve this, a questionnaire was used to collect the data and PLS-SEM was used to analyse the data. Results show that the level of awareness regarding IPFP is low and is similar to the result found in the USA Finding - The results further show that marketing communication efforts and social influence are significant factors affecting awareness of IPFP. These results have practical implications for IPFP providers and should help them better market their products and mitigate the potential for financial hardship funeral costs may have on families. Novelty - The scarcity of land for burial plots, soaring funeral costs and an increasingly aging population rate necessitates funeral prearrangements by subscribing to a pre-need funeral plan. This prearrangement is an advanced financial provision that covers funeral and burial expenses by enabling subscribers to make funeral arrangements while they are still alive. Type of Paper - Empirical.
    Keywords: Awareness; Islamic Pre-need Funeral Plan; Marketing Communication Efforts; PLS-SEM, Social Influence.
    JEL: I22 I30 I39
    Date: 2019–06–30
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr156&r=all
  17. By: Jong Jun Park; Kyungsub Lee
    Abstract: In quantitative finance, it is often necessary to analyze the distribution of the sum of specific functions of observed values at discrete points of an underlying process. Examples include the probability density function, the hedging error, the Asian option, and statistical hypothesis testing. We propose a method to calculate such a distribution, utilizing a recursive method, and examine it using various examples. The results of the numerical experiment show that our proposed method has high accuracy.
    Date: 2019–08
    URL: http://d.repec.org/n?u=RePEc:arx:papers:1908.04959&r=all
  18. By: Reuben Ellul (Central Bank of Malta)
    Abstract: Malta’s path of economic development benefited from international trade, as the country is situated on trade routes linking Europe, Africa and Asia. This paper aims to look at the country’s location, trade agreements, cultural attributes and size in a gravity model framework. Its almost 50 year old relationship with the EU and its precursors, coupled with its strategic location, led to extraordinary growth rates in trade in goods between 1960 and 2016. The various versions of the gravity model applied here suggest strong and significant impacts of successive trade agreements with the European continent for both exports and imports. This is looked at using nominal, real and sectoral data.
    JEL: C23 F1 F14 F15
    Date: 2019
    URL: http://d.repec.org/n?u=RePEc:mlt:wpaper:0419&r=all
  19. By: Raquel Tebaldi (IPC-IG)
    Abstract: "Social protection programmes are now widely recognised as key policy instruments used to combat poverty in developing countries. The 2030 Agenda for Sustainable Development has explicitly recognised the importance of implementing 'nationally appropriate social protection systems and measures for all, including floors' as an explicit target under Sustainable Development Goal 1: 'End poverty in all its forms everywhere.' However, information about specific programmes being implemented in developing countries can be fragmented or inaccessible. The study 'Social Protection in Asia and the Pacific: Inventory of Non-Contributory Programmes' (IPC-IG and UNICEF 2018) intends to contribute in addressing these gaps, providing an overview of non-contributory social protection programmes in selected regions of Asia and the Pacific. Moreover, the programme profiles presented will also be made available online, through the socialprotection.org platform". (...)
    Keywords: Social protection, Asia, Pacific, inventory, non-contributory, programmes
    Date: 2019–02
    URL: http://d.repec.org/n?u=RePEc:ipc:opager:414&r=all
  20. By: Kopp, Thomas; Sexton, Richard J.
    Keywords: Industrial Organization
    Date: 2019–06–25
    URL: http://d.repec.org/n?u=RePEc:ags:aaea19:291007&r=all
  21. By: Pujol-Cols, Lucas J.; Dabos, Guillermo E.
    Abstract: Purpose: The purpose of this paper is to examine the psychometric properties of the Spanish version of the Core Self-Evaluations Scale (CSES) and the Brief Index of Affective Job Satisfaction (BIAJS) in terms of internal consistency and factor structure and to, subsequently, analyze the influence of a set of dispositional factors (namely, core self-evaluations, CSEs) and situational factors (namely, psychosocial factors) on job satisfaction. Design/methodology/approach: In total, 209 academics from an Argentinian university completed online surveys at two stages, separated in time, to reduce the common method bias. Findings: The Spanish version of the CSES and the BIAJS showed acceptable psychometric properties, which were similar to those previously reported in North-American, European and Asian settings. Hierarchical regression analyses revealed that both situational and dispositional factors are significant predictors of job satisfaction. Research limitations/implications: The CSES and the BIAJS seem to be valid and reliable instruments for assessing CSEs and job satisfaction, respectively, in Latin America. The adoption of an interactionist approach that includes both situational and dispositional factors is crucial in future research examining job satisfaction. Practical implications: Managers should carefully evaluate the personality traits of candidates during personnel selection, as well as the working conditions they offer to their employees, since both factors seem to affect job satisfaction. Originality/value: This paper contributes to the validation of two scales that may promote future organizational behavior/psychology research in Latin America. In addition, it provides empirical evidence on the relative influence of a set of situational and dispositional factors on job satisfaction, thus contributing to the resolution of the person-situation debate.
    Keywords: Riesgos Psicosociales; Satisfacción Laboral; Docentes Universitarios;
    Date: 2019–07–12
    URL: http://d.repec.org/n?u=RePEc:nmp:nuland:3203&r=all
  22. By: International Policy Centre for Inclusive Growth (IPC-IG) (IPC-IG)
    Abstract: "The United Arab Emirates (UAE) comprises seven Emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain), bordering Oman to the east and Saudi Arabia to the south. In 2016 the total population was 9.2 million people, of whom 5 per cent under the age of 5 and 16.6 per cent under the age of 18. In 2013, immigrants constituted more than 83 per cent of the total population, with the majority of migrant workers being of South and South-East Asian descent. Children born to Emirati women married to non-Emirati men can only acquire citizenship when applying for it at the age of 18". (...)
    Keywords: Non-contributory, social protection, child, equity, lens, United Arab Emirates
    Date: 2018–12
    URL: http://d.repec.org/n?u=RePEc:ipc:opager:409&r=all
  23. By: International Monetary Fund
    Abstract: After more than a decade of high growth with low inflation, Lao P.D.R. is solidifying its progress towards graduating from the Least Developed Country (LDC) status. However, more than one fifth of the population remains poor, regional disparities are persistent, and recurring natural disasters pose risks for poverty reduction. A large current account deficit, low level of reserves, a high level of debt, managed exchange rate, and a dollarized banking system amplify macro-vulnerabilities. The authorities recognize the current economic challenges and their comprehensive reform programs aim at rebalancing the economy from a resource-based to a more diversified growth model by investing in human development and improving competitiveness.
    Keywords: Financial and Monetary Sector;External sector;Economic growth;Financial soundness indicators;Economic indicators;PPPs,percent of GDP,Proj,FDI,percent change
    Date: 2019–08–08
    URL: http://d.repec.org/n?u=RePEc:imf:imfscr:19/267&r=all
  24. By: Xavier Parisot (IKI-SEA - The Institute for Knowledge and Innovation South East Asia (Bangkok University)); Thierry Isckia (LITEM - Laboratoire en Innovation, Technologies, Economie et Management - UEVE - Université d'Évry-Val-d'Essonne - IMT-BS - Institut Mines-Télécom Business School, MMS - Département Management, Marketing et Stratégie - Institut Mines-Télécom [Paris] - TEM - Télécom Ecole de Management - IMT-BS - Institut Mines-Télécom Business School); Pierre Vialle (LITEM - Laboratoire en Innovation, Technologies, Economie et Management - UEVE - Université d'Évry-Val-d'Essonne - IMT-BS - Institut Mines-Télécom Business School, MMS - Département Management, Marketing et Stratégie - Institut Mines-Télécom [Paris] - TEM - Télécom Ecole de Management - IMT-BS - Institut Mines-Télécom Business School)
    Abstract: Since the first empirical definition of business ecosystems (BEs), its central orchestration dynamic has been defined as co-evolutive. If the nature of the associated mechanisms is still debated, the co-evolutionary nature of inter-organizational innovation processes has been largely demonstrated. Platform-based ecosystems are characterized by a flexible and scalable architecture of cooperation designed to leverage collective intelligence. In such a context, platforms serve as a backbone for inter-organizational collaboration and facilitate interactions. But for a platform-based ecosystem to flourish inter-organizational coevolutionary processes have to be triggered. To better understand how platform-based ecosystems achieve such goal, an empirical and theoretical characterization of the associated co-evolutionary processes is of utmost importance. However, current analogical transpositions of co-evolutionary mechanisms from biology to strategic management are still disparate and partial. To leverage our understanding of co-evolutionary mechanisms involved in biological complex adaptive systems, the application of a metaphorical transposition is necessary. The metaphorical transposition of coevolutionary mechanisms in organizational sciences enables the distinction between several mechanisms: mimicry, co-adaptation, and 3 different forms of co-evolutive mutualisms. This distinction allows a better understanding of platforms coordination processes, thus opening the way for the empirical identification of specific generative mechanisms and their related triggering factors.
    Keywords: Metaphor,Co-evolution,Innovation management,Strategic management,Ecosystems,Platform
    Date: 2019–06–17
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-02264571&r=all

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