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on South East Asia |
| By: | Ngasuko, Tri Achya |
| Abstract: | The World Bank in 2014 reports only 36% of Indonesia's population has access to the formal financial institution. This number shows us the level of financial inclusion in Indonesia. There is still some task to do since Indonesian government has the goals 70% level of financial inclusion in 2019. A survey from BPS, namely Susenas 2015, has the brand new information about the profile of household saving which not available in the previous Susenas survey. This study is the first one which examines determinant factors that deter families from access to formal financial services, mainly saving based on Susenas 2015. The results of the study provide the household profile and identify determinant factors for households to access formal financial institution to make a saving account. By employs multinomial logit method, the probabilities for a household to obtain saving in the formal institution is affected by the demographic characteristics such as age, total family members, youth and old dependent member in the household. Education, employment, and field sector of head household, as well as credit status and location of the head of household as a determinant factor for the head of household to open saving account in the formal financial institution. The findings of this study are vital in providing policy recommendation to increase the level of financial inclusion in Indonesia. |
| Keywords: | Financial Inclusion, Household Saving, Susenas 2015 |
| JEL: | D14 G21 G28 |
| Date: | 2018–05–01 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97995&r=all |
| By: | Nasihin Aziz, Athoillah |
| Abstract: | Fintech investment increased substantially in 2018 with total global investment dollars in all M&A, PE, and VC more than doubling from $ 50.8 billion in 2017 to $ 111.8 billion in 2018. In Indonesia, the financial technology industry ( fintech) is growing The rapid growth of both fintech payments and loans, this is reflected in the distribution of fintech loans which penetrated Rp33.2 trillion in May 2019, while fintech payment transactions reached Rp47.1 trillion in 2018. Indonesian fintech players are still dominant in the payment business ( 43%), loans (17%), and the remainder in the form of aggregators, crowdfunding and others. The development of fintech has increased Indonesia's GDP by Rp25.97 trillion. |
| Keywords: | Digital economy, financial technology (fintech), economic growth |
| JEL: | O10 O11 |
| Date: | 2019–12–30 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97884&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Primadi, Yunuraji |
| Abstract: | Malaysia is one of a developing country in Southeast Asia. Malaysian state known as multi ethnic and multi cultural. The capital of Malaysia is Kuala Lumpur. Kuala Lumpur has a famous tower named Petronas tower. Petronas tower is the place where common tourist from domestic and foreign come to visit and take a picture. |
| Date: | 2019–12–08 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:jf3z7&r=all |
| By: | Alam, Md. Mahmudul (Universiti Utara Malaysia); Siwar, Chamhuri; Jaafar, Abdul Hamid; Talib, Basri Abdul |
| Abstract: | Sustainable food security at household level is one of the emerging issues for all nations. There are several factors such as social, economic, political, demographic, natural, and livelihood strategies that causes to the vulnerability of the status of household food security. Therefore examining the vulnerability of these factors is essential to identify the reason and recognize the most vulnerable communities. This study is an attempt to study on the vulnerability of the factors of household food availability and its linkage with climatic changes in Malaysia. The study is based on primary data collected in the months of July – October, 2012 through a questionnaire survey on 460 low income households from East Coast Economic Region (ECER) in Malaysia. The samples were selected from E-Kasih poor household database, based on cluster random sampling technique. The study found that the vulnerability of the factors of household food availability has decreased statistically significantly over the last five years period in Malaysia for the factors of effectiveness of food distribution process, road and transportation facility for food distribution process, availability of expected food in the local market, sufficiency of expected food in the local market, and stability of food supply in market. The mean values of the current status of the factors of household food availability differ significantly at 1% significance level from the scenario of 5 years ago. However, most of the cases climatic issues were found less responsible for the changes of these factors. Though Malaysia is adversely affected by climatic change, the factors of food availability are not affected yet remarkably. This study suggests that the food security programs need to be integrated with climatic change adaptation programs to ensure more effective and sustainable household food security in future, especially among the poor and low income group. Moreover, a proper monitoring agency is required to ensure consistent supply of food in the rural and remote areas, especially at the time of natural calamity or off season. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:649we&r=all |
| By: | Sessu, Andi; Jamali, Hisnol |
| Abstract: | The economic development in Indonesia from period to period until now is increasing because Indonesia is very rich with natural and human resources, only quality human resources need to improve their quality in order to be able to develop better economy in the future, however unemployment and poverty rate of Indonesia is still high compared to some other countries in the world, therefore it is necessary jointly between individual society, private and the government has maximum efforts to reduce unemployment and poverty in Indonesia, by increasing the growth of gross domestic product (GDP) contribution by business field can reduce poverty level in Indonesia. The result of multiple regression analysis shows that the contribution of GDP according to business field can decrease poverty level in Indonesia. This condition indicates that agriculture, forestry, fishery sector has a negative effect on poverty rate in Indonesia which means any decrease in agriculture, forestry, fishery by one unit affect the decrease of poverty level of 0.203 at constant -7,70, while the other three factors mining and quarrying, processing industry factor and trade factor have a positive effect on poverty level which means that every increase of one unit leads to a significant increase in poverty not yet able to reduce poverty level but has significant influence on all variables to poverty level in Indonesia. The results of multiple correlation coefficient analysis indicate that from each sector, agriculture, forestry, mining fishery, excavation, processing industry and trade are very strong together that is equal to 97,70%, besides coefficient value of determination equal to 0,96% whereas the remaining 4% of the poverty rate is influenced by other factors. |
| Date: | 2018–09–19 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:ymwbf&r=all |
| By: | Dr. Andi Sessu, M.Si; Jamali, Hisnol |
| Abstract: | The economic development in Indonesia from period to period until now is increasing because Indonesia is very rich with natural and human resources, only quality human resources need to improve their quality in order to be able to develop better economy in the future, however unemployment and poverty rate of Indonesia is still high compared to some other countries in the world, therefore it is necessary jointly between individual society, private and the government has maximum efforts to reduce unemployment and poverty in Indonesia, by increasing the growth of gross domestic product (GDP) contribution by business field can reduce poverty level in Indonesia. The result of multiple regression analysis shows that the contribution of GDP according to business field can decrease poverty level in Indonesia. This condition indicates that agriculture, forestry, fishery sector has a negative effect on poverty rate in Indonesia which means any decrease in agriculture, forestry, fishery by one unit affect the decrease of poverty level of 0.203 at constant -7,70, while the other three factors mining and quarrying, processing industry factor and trade factor have a positive effect on poverty level which means that every increase of one unit leads to a significant increase in poverty not yet able to reduce poverty level but has significant influence on all variables to poverty level in Indonesia. The results of multiple correlation coefficient analysis indicate that from each sector, agriculture, forestry, mining fishery, excavation, processing industry and trade are very strong together that is equal to 97,70%, besides coefficient value of determination equal to 0,96% whereas the remaining 4% of the poverty rate is influenced by other factors |
| Date: | 2018–09–21 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:6zxwb&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Vangelisca, Zita |
| Abstract: | Jogjakarta is worth mentioning as a city rich in culture and history. Sonobudoyo Museum is one that has its own charm for tourists. Sonobudoyo Museum stores various collections that are closely related to culture and other historical objects. In addition, the architecture of the museum building is also a classic Javanese style is very unique and beautiful. The location of Sonobudoyo Museum is divided into two parts: Unit I is located at Jalan Trikora No 6 Yogyakarta, while Unit II is located in Ndalem Condrokiranan Wijilan near North Square of Yogyakarta. In this Sonobudoyo Museum, tourists can find interesting collections related to Indonesian culture, as well as collections from prehistoric times until the entry of Islam to Indonesia. Visitors can also get to know the culture and history of Indonesia by visiting this museum, so it is suitable if the Museum Sonobudoyo dubbed as a tourist attraction area of Indonesian cultural heritage. |
| Date: | 2019–12–06 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:3pxuw&r=all |
| By: | ariwijaya, heny |
| Abstract: | Tingkat kesehatan bank dapat diartikan sebagai kemampuan suatu bank untuk melakukan kegiatan operasional perbankan secara normal dan mampu memenuhi semua kewajibannya dengan baik dengan cara-cara yang sesuai dengan peraturan perbankan yang berlaku. , pengertian lainnya mengatakan bahwa penilaian tingkat kesehatan bank merupakan hasil penilaian kuantitatif atas berbagai aspek yang berpengaruh terhadap kondisi atau kinerja keuangan bank. Pengertian tentang kesehatan bank ini merupakan tingkat kesehatan bank yang dilakukan secara periodik baik pertahun atau triwulanan. Yang menjadi permasalahan dalam penelitian ini adalah bagaimana menilai tingkat kesehatan bank pada PT.Bank Sulteng Capem Banggai Kepulauan, sedangkan tujuan dari penelitian ini untuk mengetahui tingkat Kesehatan Bank pada PT. Bank Sulteng Capem Banggai Kepulauan. Adapun alat analisis yang digunakan dalam penelitian ini didasarkan pada Surat Keputusan Menteri Keuangan Republik Indonesia No. 198/KMK.016/1998 tanggal 24 Maret 1998 dan Peraturan Bank Indonesia No. 6/10/PBI/2004 tentang penilaian tingkat kesehatan bank, yaitu dengan cara menghitung tingkat rasio yang menjadi komponen penilaian, yang meliputi : rasio permodalan, rasio efisiensi usaha, rasio risiko usaha bank, rasio rentabilitas, dan rasio likuiditas. Berdasarkan hasil penelitian dapat diketahui bahwa penilaian tingkat kesehatan bank pada PT. Bank Sulteng Capem Banggai kepulauan untuk periode tahun 2011 diperoleh bobot penilaian sebesar 70 dengan kategori atau predikat Cukup Sehat, sedangkan untuk periode triwulan pertama tahun 2012 diperoleh bobot penilaian sebesar 61, hasil inipun masuk dalam kategori atau predikat Cukup Sehat, hal ini menggambarkan bahwa kinerja keuangan pada PT. Bank Sulteng Capem Banggai Kepulauan sudah cukup baik. |
| Date: | 2018–12–12 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:fn58s&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Fajrin, Maulina |
| Abstract: | Kuala Lumpur City Gallery is a museum that has a unique concept located in Merdeka Square, Kuala Lumpur, Malaysia. Kuala Lumpur City gallery is one of the historical attractions in Malaysia. By utilizing sophisticated multimedia technology, Kuala Lumpur City Gallery has a special attraction for tourists, the largest laser show in Asia. With multimedia technology, the purpose of the establishment of the museum as a means of information and education are all well conveyed to the public and especially to tourists. |
| Date: | 2019–12–23 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:krx3v&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Aji, Imanuel Viantino Paska |
| Abstract: | Pengembangan pendidikan pariwisata melalui program perkuliahan saja ternyata memang tidakk lengkap tanpa membekali mereka dengan praktek langsung kelapangan. Pembekalan wawasan kepariwisataan bagi para mahasiswa Sekolah Tinggi Pariwisata Ambarrukmo STIPRAM Yogyakarta telah dilengkapi dengan program peninjauan & penelitian langsung baik di dalam negeri maupun di luar negeri, dimana para mahasiswa diwajibkan mampu memotret, mencatat , menganalisa segala hal kegiatan dalam kehidupan masyarakat pulau Bali, Bahkan mereka selama di Bali dibekali dengan program seminar tentang Kepariwisataan, perhotelan yang ada di Bali. Para mahasiswa akan mengungkapkan dari hasil penelitiannya tersebut dalam karya tulis sebagai jurnal akademik. Memang STIPRAM punya keunggulan karena memiliki tiga jenis jurnal yaitu : jurnal akademik, jurnal specialisasi, dan jurnal kompetensi. Program jurnal ini justru akan menjadi acuhan di semua perguruan tinggi yang direncanakan sebagai pengganti skripsi. Pulau Bali layak sebagai destinasi pariwisata Indonesia yang pertama, karena keaneka ragaman budaya, adat istiadat, keindahan obyek - obyek wisata serta souvenir yang berbagai macam dan sangat diminati oleh para wisatawan baik dometrik maupun asing. Aspek kesakralan dan keunikan budaya adat Bali yang tidak dimiliki oleh bangsa dan daerah lain menjadi keunggulan utama tujuan wisata ke Bali. Bahkan disetiap obyek wisata pantainya mampu menciptakan aktivitas yang bisa dinikmati oleh para wistawannya serta mampu menciptakan pendapatan yang tidak sedikit. misalnya : Diving, parasailing, Flying Fish, Banana boat, surving, dsb, selain penjualan souvenir kas Balinya. Salah satu pendapatan terbesar hasil kerajinan Bali dari produk "Jogger " yag sangat laris diminati oleh wisatawan baik tua dan muda. Last but not least itulah Bali, kita boleh iri mengapa tidak bisa kita ikuti. Tujuan pembuatan dan penyusunan jurnal ilmiah Domestic Case Study adalah : a. Untuk melengkapi tugas dan nilai sebagai salah satu syarat kelulusan pada prodi S1 di Sekolah Tinggi Pariwisata Ambarrukmo Yogyakarta. b. Sebagai bukti bahwa penulis telah melaksanakan studi kasus dengan observasi Pulau Bali sebagai daya tarik wisata. Secara umum manfaat dari penyusunan Jurnal Ilmiah Domestic Case Study ini adalah : 1) Sejarah pariwisata Bali. 2) Mengetahui peran rumah adat Bali sebagai daya tarik wisata. 3) Mengetahui aturan-aturan dalam pembuatan rumah adat Bali. Penulis berharap agar hasil laporan ini dpat bermanfaat bagi semua pihak yang ada hubungannya dengan bidang Pariwisata. Manfaat dari penulisan Jurnal ini antara lain adalah : a) Bagi penulis b) Penulis dapat mengetahui kehidupan masyarakat sekitar Pulau Bali dalam usahanya mendukung pariwisata. Memberikan wawasan dan pengetahuan kepada pembaca tentang Pulau Bali serta memberikan pengalaman bagi penulis setelah melaksanakan Domestic Case Study di Pulau Bali. c) Bagi Akademik Sebagai tolak ukur mengenai kualitas mahasiswa yang menjadi anak didiknya. Dengan demikian akan menjadi pemacu dalam menentukan kebijakan pada masa yang akan datang. Penulis melakukan penelitian untuk memenuhi persyaratan yang diharuskan, Penelitian ini dilaksanakan selama 5 hari tepatnya di Pulau Bali, mulai dari tanggal 09 Juni 2015 – 13 Juni 2015 [1]. Perjalanan dari Yogyakarta sampai ke Pulau Bali sangatlah lama dirasakan oleh penulis, karena akses jalan menuju Pulau Bali cukup menyita waktu lama selama 22 jam untuk menempuh perjalanan menuju kesana. Penulis menggunakan bus untuk menuju kesana dan harus menyeberang menggunakan kapal feri untuk sampai ke Pulau Bali dikarenakan belum adanya fasilitas jembatan penyeberangan langsung antar Pulau Jawa dan Pulau Bali. Sesampainya di Bali, penulis berhenti sejenak dikarenakan adanya pengecekan identitas bagi semua pengunjung yang akan memasuki Pulau Bali. Akses jalan cukup baik tak ada hambatan tetapi sesekali ada tanjakan yang harus dilewati. |
| Date: | 2018–10–29 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:rfswm&r=all |
| By: | Vandra, Joe; Dewi, Aminar Sutra |
| Abstract: | The purpose of this research is to analyze the influence of trust, satisfaction, and commitment to customer loyalty of Taplus savings at PT. Bank Negara Indonesia (Persero) Tbk Branch Rengat. Population in this research is all customer of Taplus at PT. Bank BNI Branch Rengat Riau which amounted to 15,173 people. The sampling technique used is random sampling, while the number of samples used for the analysis is 100 people. Data analysis techniques used to test the hypothesis is multiple linear regression. As for hypothesis testing using statistical t test. The results showed that the variable of trust does not have influence on customer loyalty of Taplus savings at PT. Bank Negara Indonesia (Persero) Tbk Branch Rengat. While the variable satisfaction and commitment have a significant influence on the loyalty of customers of Taplus savings at PT. Bank Negara Indonesia (Persero) Tbk Branch Rengat. |
| Date: | 2018–12–07 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:36t8r&r=all |
| By: | Sari, Dia Permata; Dewi, Aminar Sutra |
| Abstract: | This study aims to determine there is influence of liquidity and solvency ratio on profitability. This type of research is quantitative research that is data in the form of numbers. Population in this study are all food and beverage companies listed on the Indonesia stock exchange amounted to 14 companies. The sampel in this study amounted to 12 food and beverage companies listed on the Indonesian Stock Exchange. The technique of data analysis that is used is multiple linear regression by using program Eviews. From the results of tests conducted show that : 1) liquidity has a positive and significant impact on profitability, which is shown by probability > 0,05 is 0,9744. 2) Solvency has a positive and significant effect on profitability, which is shown by probability > 0,05 that is 0,5041. Where the R2 (R-Square) value is 1,36%. |
| Date: | 2018–12–12 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:n75gr&r=all |
| By: | Said, Jamaliah; Alam, Md. Mahmudul (Universiti Utara Malaysia); bin Abd Aziz, Mohamad Azizal |
| Abstract: | As the recent Auditor General‟s report discovered some corruptions, weakness, and lack of control in asset management in the public sector of Malaysia, this study is an attempt to assess the status of current practices of accountability in public sector of Malaysia. This study collected primary data based on a set of questionnaire survey that was distributed by email using the Google Doc application among the head of department of 682 departments and agencies under 24 federal ministries including the Prime Minister Department in Malaysia. Finally, based on the email responses, the final sample of the study is 109 respondents. The data were collected based on the opinion about ten factors of accountability practices in the department or agency by using seven-point Likert scale ranging from 1 (strongly disagree) to 7 (strongly agree). The data are analysed under descriptive statistics and factor analysis. Further, the reliability of the data is tested by using Cronbach alpha test, and the validity of data is tested by checking the normality of data through Shapiro Wilk test and graphically. Overall, 87.3% of the respondents mentioned that overall they practice accountability in their department. However, the priority of these ten factors of accountability differs among the services schemes. The accountability in the administrative & diplomatic, education, and medical & health is below the overall average accountability. The accountability in the financial and information system schemes is also not strong enough. Therefore the public sector in Malaysia needs to be transformed into becoming a reliable and efficient sector by ensuring proper accountability and its proper assessment system. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:x5dtf&r=all |
| By: | Hassan, Salwana; Alam, Md. Mahmudul (Universiti Utara Malaysia); Rahman3, Rashidah Abdul |
| Abstract: | Malaysia is a fast growing developing country where majority of the people are Muslim. Due to the religious bindings, Muslim prefers Shariahcompliant Islamic credits instead of conventional interest based credits. At the same time, non-Muslims can also consider Shariahcompliant Islamic credit because it is considered as the ethical credit. However, still many microentrepreneurs are not receiving the Shariahcompliant Islamic microfinance products because they have negative perceptions about the credit andinterest (riba). Therefore, this study aims to assess the demand for microfinance among the microentrepreneurs in the State of Selangor, Malaysia and thus, determine the potential market size. Data of the study were collected based on a questionnaire survey from 550 microentrepreneurs from the urban areas of Selangor. It was found that only 12.2 per cent of them received microfinance from various microfinance institutions and banks. However, the study found that still there is potential for microfinance borrowing with around 55,000-128,000 microenterprises in Selangor, Malaysia. Therefore, Islamic microfinance institutions should try to expand their market size by promoting these potential microfinance borrowers among the existing microentrepreneurs. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:bkmc6&r=all |
| By: | Ariansyah, Ricky |
| Abstract: | Perkembangan aktifitas perbankan yang sangat pesat serta tingkat kompleksitas yang tinggi dapat mempengaruhi kondisi suatu bank. Kompleksitas usaha perbankan yang tinggi dapat meningkatkan resiko yang dihadapi oleh bank-bank yang ada di Indonesia. Tujuan penelitian ini adalah untuk mengetahui tingkat kesehatan PT. Bank Aceh periode 2012 sampai 2014. Penelitian ini merupakan penelitian deskriptif kuantitatif dengan menggunakan metode CAMEL yang meliputi Faktor Permodalan (Capital), Kualitas Aktiva (Asset Quality), Rentabilitas (Earning), dan Likuiditas (Liquidity). Berdasarkan analisis diketahui bahwa secara keseluruhan dapat dinyatakan PT. Bank Aceh dalam kondisi Sangat Sehat dan menempatkan pada posisi-1 berdasarkan ketentuan yang sudah dibuat oleh Bank Indonesia. |
| Date: | 2019–01–13 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:fgz73&r=all |
| By: | Putra, Gema Ade; Dewi, Aminar Sutra |
| Abstract: | The aims of this study is to analyze the influence of cash ratio and return on asset toward the dividen policy. This study is focused on manufacturing company listed on Indonesia Stock Exchange from 2011-2015. The method of data collection is purposive sampling. There are 35 datas in this observation during five years. This study used secondary data from Indonesia Stock Exchange (IDX) with panel regression as statistical tool. This study shows that cash ratio has positive significant effect to dividend policy, and ROA a negatif and don't significant effect to dividend policy. |
| Date: | 2018–12–13 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:7hse3&r=all |
| By: | Febriansyah, Ilham; Afriyeni, Afriyeni |
| Abstract: | In line with the rapid development in Indonesia especially economic evelopment, the financial institutions such as banks is one tool to help the smooth economy as a provider of capital in the form of credit. Banks as financial institutions are never separated from credit because the amount of credit disbursed will determine the bank's profit. If the bank does not disburse its credit well while the funds collected from the deposit enough, it will not be good for the bank because the funds will settle will harm the bank. Loans made by banks do not always go smoothly and so does PT. Bank Pembangunan Daerah (BPD) Sumatera Barat Cabang Alahan Panjang Kabupaten Solok because one day the bank is difficult to ask the installment of the debtor on something Therefore, the management must be done professionally with the help of strict supervision in anticipation of problem loans. Non performing loans are caused by customers who can no longer pay their mortgage, either the interest or the principal of the loan in accordance with the agreed agreement between both parties, namely between the bank with the customer and the nonperforming loans will result in losses to the bank because the fund can not channeled back by the bank, then this study was conducted aims to determine the causes of problem loans and their completion. The method used by the authors in this study is observation with direct observation in the field, interviews with the bank and literature study by looking at the readings related to the research. The results showed that the causes of nonperforming loans at PT Bank Pembangunan Daerah (BPD) Sumatera Barat Cabang Alahan Panjang Kabupaten Solok is a factor of its customers. Most of its customers are experiencing crop failure due to natural disasters. Settlement of Non Performing Loans at PT Bank Pembangunan Daerah (BPD) Sumatera Barat Cabang Alahan Panjang Kabupaten Solok is by Rescheduling or rescheduling, Reconditioning or re-requirements and Restructuring or rearrangement. |
| Date: | 2018–12–29 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:vutmj&r=all |
| By: | Said, Jamaliah; bin Abd Aziz1, Mohamad Azizal; Alam, Md. Mahmudul (Universiti Utara Malaysia) |
| Abstract: | This study is an attempt to assess the status of current practices of internal control system among different service schemes of public sector in Malaysia. This study collected primary data based on a set of questionnaire survey among the head of department of 109 departments and agencies under 24 federal ministries including the Prime Minister Department in Malaysia. The data were collected based on the opinion about ten factors of internal control practices in the department or agency by using seven-point Likert scale. The data are analysed under descriptive statistics and factor analysis. Further, the reliability of the data is tested by using Cronbach alpha test, and the validity of data is tested by checking the normality of data through Shapiro Wilk test and graphically. Overall, 86.2% of the respondents mentioned that they practice internal control system in their department. However, the priority of these ten factors of internal control differs among the services schemes. Overall the internal control system of the financial schemes group is strong, but their emphasis on the documentation is at the average level only. However, the internal control in the engineering, information system, education and medical & health schemes are below the overall average internal control score. The public sector in Malaysia needs to focuses more on internal control and its proper assessment system to become a reliable and efficient sector. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:y4zfa&r=all |
| By: | , Fatmawati |
| Abstract: | Pengawasan Fungsional Dalam Sistem Administrasi Negara Kesatuan Republik Indonesia (SANKRI) adalah Menjamin ketepatan pelaksanaan sesuai rencana, kebijaksanaan dan perintah(aturan yang berlaku) Menertibkan kordinasi kegiatan. Kalau pelaksana pengawasan banyak jangan ada objek pengawasan dilakukan berulang-ulang, sebaliknya ada objek yang tak pernah tersentuh pengawasan. Mencegah pemborosan dan penyimpangan.Karena pengawasan mempunyai prinsip untuk melindungi masyarakat, maka pemborosan dana yang ditanggung masyarakat harus dicegah oleh penyimpanganyang dilakukan pihak kedua. |
| Date: | 2018–10–21 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:ar9ms&r=all |
| By: | Rode, Capry Dudellah; Dewi, Aminar Sutra |
| Abstract: | The performance of several issuers in the first quarter of 2017 was better. In fact, some banks reported an increase in net income over the same period the previous year. The role of the organization in the company will affect the company performance. This study aims to determine the effect of Managerial Ownership, Board of Directors, and the influence of Corporate Financial Performance. The sample used is the financial sector companies in 2012-2016 amounted to 40 samples. The type of data used is secondary data. The hypothesis in this study was tested by using panel data regression. The result of hypothesis testing shows that Managerial Ownership has positive and insignificant effect on Financial Performance (ROA), Board of Directors has positive and significant influence to Company's Financial Performance (ROA) and Leverage have positive and insignificant influence to ROA's Financial Performance. |
| Date: | 2019–01–06 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:rn6cs&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Kadir, Irma Abdul |
| Abstract: | Tourism in Singapore is a major industry and contributor to the Singaporean, over twice Singapore’s total population. One of the popular destination is Merlion Park. Merlion Park is spacious garden with river and fish sclupture have a lion head. His icon very popular by tourist. With the presence of Merlion Park impact on the progress of the Singapore Tourism and advancing the economic of Singapore. Singapore government with the people continue to strive tourism development for tourism more better. |
| Date: | 2019–12–23 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:rbvhs&r=all |
| By: | Agga Destya Arlingga (Master of Applied Economics, Padjadjaran University) |
| Abstract: | This paper aims to explore communities’ contribution toward and identify the factors affecting the availability of sanitation facilities. Sanitation has an important role in human life because it correlates with the fulfillment of basic human needs such as wastewater and solid waste management. This research employed two models as follows: First, the hedonic price model was used to estimate the willingness to pay for improved sanitation facilities. Second, it also utilizes the logistic model to understand the correlation between socio-economic characteristics and availability of improved sanitation facilities. Using the fifth wave of Indonesia Family Life Survey (IFLS) data, the results show that the availability of toilet with septic tank influences the value of the property in urban areas. Hence, people living in urban areas are willing to pay more for facilities. Moreover, the awareness of people in urban and rural areas affect their willingness to pay (WTP) for appropriate garbage handling. However, drainage facilities do not significantly influence the value of the property in urban and rural areas. Related with the presence of improved sanitation facilities, socio-economic characteristics such as education level and residential area influence in Indonesia compared to other characteristics. |
| Keywords: | Sanitation, Toilet with Septic Tank, Solid Waste, Drainage, Willingness to Pay, Socio-economic |
| JEL: | I0 |
| Date: | 2020–01 |
| URL: | http://d.repec.org/n?u=RePEc:unp:wpaper:202002&r=all |
| By: | Jereme, Innocent A.; Siwar, Chamhuri; Alam, Md. Mahmudul (Universiti Utara Malaysia) |
| Abstract: | The issue of sustainable waste management has become an important priority for policymakers and other relevant stakeholders of Malaysia as the country prepares to project itself as a developed nation. Despite several attempts by the government, such as enactment of new laws and pursuing privatisation, Malaysia is still lagging behind significantly in sustainable waste management practices, particularly in the area of recycling. Based on studies conducted in the Selangor state of Malaysia, this paper attempts to analyse the current waste management practices of Malaysia along with their problems and prospects, and examine the steps taken by the government and other stakeholders for attaining sustaining waste management practices. The paper will help the policy makers, waste management strategists, local administrators and researchers in the field to formulate sustainable policies and identify further areas of study in the relevant field. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:xgf8k&r=all |
| By: | Said, Jamaliah; Hassan, Salwana; Alam, Md. Mahmudul (Universiti Utara Malaysia) |
| Abstract: | Many studies have evaluated the role of microcredit programs using the conventional assessment approach. However, the conventional system of socioeconomic role assessment cannot evaluate the performance of Islamic microcredit in terms of achieving the objectives of Shariah for the Islamic microcredit model. Therefore, this study examines the role of Islamic microcredit based on the achievement of Maqasid Al-Shariah. It uses primary data that were collected through a questionnaire survey distributed among 393 microcredit borrowers from Amanah Ikhtiar Malaysia (AIM). The survey was conducted from July 2013 to December 2013 in the State of Sabah and in Peninsular Malaysia. This research also analyzes the socioeconomic roles and the achievement of microcredit and microenterprise from the perspective of the five principles of Al-daruriyyat from Maqasid Al-Shariah. Results indicate that the microcredit program of AIM has a positive and enhancing effect on the livelihood of clients. This effect is reflected in the assessment of their well-being, especially in the context of Maqasid Al-Shariah. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:ay6bf&r=all |
| By: | Alam, Md. Mahmudul (Universiti Utara Malaysia); Uddin, Gazi Salah; Taufique, Khan Md. Raziuddin |
| Abstract: | Bangladesh suffers from a chronic deficit in her trade balance. The paper is an attempt to explore the imports of Bangladesh which is one of the most significant factors responsible for unfavorable trade balance of the country. The aim of the study is to intend some initiatives for an attempt to ultimately reshaping the trade balance of Bangladesh with her foreign trade partners. The paper examines the existence of the gravity theory for the imports of Bangladesh with its eight major trading partner countries- India, China, Singapore, Japan, Hong Kong, South Korea, USA and Malaysia. The data set consists of yearly data from 1985 to 2003 in a panel approach. The paper comes across with the findings that the gravity theory is consistent with the imports of Bangladesh. That is, the geographical distance of Bangladesh with its partner countries has significant impacts on its imports. But in near future this may change because of different factors such as profitability, easy trade procedures, product delivery time etc. that influence the imports decision more than does the geographical distance. This paper finds mixed relationship between the GDP and imports of Bangladesh. It also shows that the imports of Bangladesh influence the domestic production very little because Bangladesh mostly imports consumer goods rather than capital goods. Moreover, the population of Bangladesh has significant impacts on imports which in turn implies that Bangladesh is not capable of producing adequate consumer goods to meet the increased demand resulted from high population growth. It also shows that partner countries‟ GDP has significant positive impacts and partner countries‟ population has mixed impact on imports of Bangladesh. This paper concludes that it will be an alarming situation for trade balance of Bangladesh if the imports continue to increase in such a pattern that the rate increases five to eight times more in respect of population increases and at the same time the ratio of capital goods in proportion of total imports decreases. |
| Date: | 2019–02–20 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:etmzk&r=all |
| By: | , Nurazizah |
| Abstract: | SISTEM ADMINISTRASI NEGARA KESATUAN REPUBLIK INDONESIA |
| Date: | 2018–11–20 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:wb9j5&r=all |
| By: | Alam, A. S. A. Ferdous; Choy, Er Ah; Begum, Halima; Alam, Md. Mahmudul (Universiti Utara Malaysia); Siwar, Chamhuri |
| Abstract: | Tourism is an emerging economic sector for Malaysia. The purpose of this study is an attempt to understand the factors that attract tourists to visit Malaysia. The primary data were collected through questionnaire survey on 735 tourists who visited the state of Melaka, Malaysia. This study used descriptive statistics, confirmatory factor analysis, and structural equation modelling (SEM) in order to analyze and draw the inferences. Model fit was initially tested using the overall fit and regression paths. Then the hypothesized model was analysed and modified based on the results of the analysis to find a better fit of the data and to more adequately describe the relationships between the factors. The study found that several economic, environmental, cultural and community factors have positive significant influence in attracting tourists to Melaka. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:dz38w&r=all |
| By: | , Ningsih; Dewi, Aminar Sutra |
| Abstract: | The decline in stock prices of property and real estate firms resulted from the government's policy of high loan interest has not affected the property sector and real estate. This study aims to examine the effect of Good Corporate Governance implementation that is the quality of auditor (KA) to financial performance and proportion of independent board of commissioner (PDKI) to company financial performance. This research uses purposive sampling method that is sampling technique which refers to certain criteria. Based on predetermined criteria, 23 companies will be selected as research samples in 2012 until 2016. The method of analysis used is quantitative method, with classical assumption test and panel data regression analysis. From the three tests obtained the best model is Fixed Effect Model (FEM). The results of this study indicate that audit quality has positive and insignificant effect on financial performance as reflected on return on equity. While the proportion of independent board of commissioners has a negative and significant impact on financial performance as reflected in return on equity. |
| Date: | 2019–01–13 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:tgcyk&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Aditya, Dhoni Cahya |
| Abstract: | Berdasarkan program Domestic Case Study laporan ini untuk memenuhi syarat jenjang sarjana yang dibuat pada semester 3 dengan cara melakuakan observasi terhadap suatu objek wisata. Selain itu mahasiswa telah dibekali materi dalam seminar yang dilakuakan oleh STIPRAM yang bertempat di JEC dengan tema Sinkronisasi. Pengembangan Desrtinasi Pariwisata Dan Sdm Pariwisata : Suatu Antisipasi Menghadapi Mea 2015 [1]. Penulis strata 1 hospitality semester III yang melakukan perjalanan ke Yogyakarta pada tanggal 10 Juni 2015 Penulis mengunjungi beberapa objek wisata yaitu Keraton, Malioboro dan Benteng Venderbug. Disini penulis ingin mengambil Malioboro sebagai judul jurnal.Penulis merasa Malioboro sangat cocok untuk dibahas karena disana memiliki potensi wisata yang sangat diminati. Kota Yogyakarta adalah provinsi yang terletak bagian selatan pulau Jawa ini merupakan salah satu daerah tujuan wisata favorit yang ada di Indonesia, hal ini dikarenakan Yogyakarta banyak obyek wisata yang sangat menarik. Di Utara Yogyakarta, terdapat Gunung Merapi. Di Selatan Yogyakata terdapat pantai pantai yang Indah.Serta di tengah Yogyakarta terdapat Keraton, yang merupakan obyek wisata budaya yang sangat menarik. Selain hal hal yang disebut di atas.Yogyakarta memiliki obyek wisata yang menarik. Obyek wisata yang sering dilewati namun kadang kala sering dilupakan. Obyek ini, berupa jalan yang dikenal dengan nama Malioboro. Pada awalnya jalan ini hanya dilewati oleh masyarakat yang hendak ke Keraton atau kompleks kawasan Indische pertama di Jogja seperti Loji Besar (Benteng Vredeburg), Loji Kecil (kawasan di sebelah Gedung Agung), Loji Kebon (Gedung Agung), maupun Loji Setan (Kantor DPRD). Namun keberadaan Pasar Gede atau Pasar Beringharjo di sisi selatan serta adanya permukiman etnis Tionghoa di daerah Ketandan lambat laun mendongkrak perekonomian di kawasan tersebut. |
| Date: | 2018–10–29 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:fg65z&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Ekasafitri, Dia |
| Abstract: | Makalah ini merupakan hasil laporan Foreign Case Study untuk syarat publikasi ilmiah di Sekolah Tinggi Pariwasata Ambarrukmo Yogyakarta dengan judul Wat Phra Cettuphon Sebagai Destinasi Utama Di Bangkok Thailand. |
| Date: | 2019–12–08 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:4k9rn&r=all |
| By: | Siddiq, Mohammad |
| Abstract: | Mahkamah Konstitusi Republik Indonesia (MKRI) sebagai lembaga negara yang berfungsi menjaga konstitusi dituntut untuk senantiasa memberikan pelayanan kepada masyarakat sesuai dengan bidang yang menjadi kewenangannya. Pada konsep sederhana, semakin tinggi tingkat kepuasan penerima layanan, maka semakin berkualitas layanan, begitupun sebaliknya. Perlu disadari, bahwa pelayanan publik tidak hanya berorientasi pada konsumen di luar MKRI saja, melainkan juga kepada pegawai MKRI itu sendiri. Salah satu pelayanan yang diberikan kepada para pegawainya dalam rangka mendukung pelaksanaan tugas dan fungsi MK adalah pelayanan administrasi umum. Penelitian ini berupaya mengukur pelayanan administrasi umum melalui SERVQUAL (service quality) yang terdiri atas 5 dimensi, yaitu: keandalan (reliability), keterjaminan (assurance), keberwujudan (tangiblity), rasa empati (emphaty), responsivitas (responsiveness). Hasil penelitian ini menunjukkan bahwa secara umum, pelayanan administrasi umum MKRI dinilai cukup baik dalam persepsi para pegawainya, dengan skor keseluruhan sebesar 70,28. Suasana kerja di MKRI mendapatkan skor tertinggi, yaitu sebesar 76,50. Sementara dukungan dari atasan mendapatkan skor terendah yaitu sebesar 70,89. Adapun, kepuasan kerja, produktivitas kerja, dan keseimbangan kerja mendapatkan skor masing-masing 74,66, 73,50, dan 57,69 |
| Date: | 2018–11–30 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:6n9cw&r=all |
| By: | , Delfalina; Dewi, Aminar Sutra |
| Abstract: | This study aims to determine the effect of Good Corporate Governance on the board of commissioners, boards of directors, and institutional ownership of the financial performance of the company. The sample used is the financial sector company in 20011-2015 amounted to 30 samples. The type of data used is secondary data obtained from www.idx.co.id. The hypothesis in this study was tested using multiple linear regression. The result of hypothesis testing shows that the board of commissioner has positive and not significant influence, the board of directors has positive and not significant impact to the company's financial performance (ROE). institutional ownership has a positive and significant impact on ROE. |
| Date: | 2018–12–11 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:w5agv&r=all |
| By: | Yunas, Nurfitri; Dewi, Aminar Sutra |
| Abstract: | This study aims to determine and analyze the Influence of Internal Control and Leadership On Employee Performance PT. Garuda Indonesia (Persero) Tbk Branch Office Padang. The method used in this research is questionnaire. The samples used were as many as 45 respondents.. Data analysis techniques used in this research is multiple linear regression with SPSS version 20. Based on the development of a hypothesis can be obtained the results of that internal control variables, the leadership of the positive and significant effect on performance of employees at PT. Garuda Indonesia (Persero) tbk Branch Office Padang with a value Adjusted R Square of 67.9% 32.1%, while the rest is affected by other variables that are not included in this study. It is advisable to improve the performance of employees to be more in focus on internal control variables by means of identifying any risks that exist to achieve company goals, so more employees can achieve company goals with optimal |
| Date: | 2018–12–08 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:3a2u6&r=all |
| By: | Istiqomah, Nur; Dewi, Aminar Sutra |
| Abstract: | This assessment intends to analyze the factors affecting the capital structure. Automotive companies must have optimal capital and maximum corporate finance in order to obtain satisfactory results and avoid bankruptcy. The purpose of this study is to determine the effect of firm size on the capital structure, the influence of liquidity on the capital structure and the effect of profitability on the capital structure listed on the Indonesia Stock Exchange with a two-year study period, 2013 to 2016. With a sample of six companies, using a proposive sampling. The analysis method used is multiple linear regression analysis. The results showed that firm size did not have a positive and insignificant effect on capital structure, liquidity had positive and insignificant effect on capital structure, and profitability had no positive and insignificant effect on capital structure. Because profitability had increased, there is a decrease for long-term debt repayment. |
| Date: | 2019–01–01 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:6g9z3&r=all |
| By: | Nizar, Muhammad Afdi |
| Abstract: | This paper aims to examine the struggle for shari'ah insurance in Indonesia. By using a qualitative-descriptive approach and time series data in the period 2010 - 2017, it is known that the struggle for sharia insurance in the national insurance market is indeed not easy. This is indicated in a number of indicators, namely (i) minimal regulatory and regulatory support; (ii) institutional support indicated by the relatively small number of insurance companies; (iii) asset development, although the growth is quite high, the value is still far below conventional insurance assets; (iii) ability to fulfill claims from Islamic insurance contribution funds is still low; (iv) with a limited portfolio choice, sharia insurance investments are still profitable (profitable investments); and (v) sharia insurance density and penetration are still far below conventional insurance. Shari'ah insurance struggle in the future is certainly more difficult because it must be able to win the opportunities that exist amid various challenges that also accompany it. |
| Keywords: | conventional insurance, investment fund, risk fund, gharar, maysir, riba, takaful, ta’awun |
| JEL: | A13 C81 G22 G28 G32 |
| Date: | 2018–11–30 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97955&r=all |
| By: | Kumagai, Junya; Managi, Shunsuke |
| Abstract: | Promoting pro-environmental travel modes is an important strategy for sustainable transportation. Previous studies have shown a positive relationship between environmental awareness and environmentally friendly travel modes, but very few studies have considered pro-environmental behaviour and choice of travel mode, particularly in the context of non-Western countries. This study examines the impact of pro-environmental behaviour on the choice of commuting mode in Tokyo, Beijing, Shanghai and Singapore using original survey data. We use the Multiple Indicator Multiple Cause model to construct latent variables of environmentally friendly behaviours. The multinomial logistic regression results indicate that 1) pro-environmental activities and commuting mode choice are unrelated in Tokyo and Singapore, 2) recycling and energy-savings activities are positively related to commuting by bicycle/on foot in Beijing, and 3) participants in organized pro-environmental activities are less likely to use pro-environmental commuting modes in Beijing and Shanghai. The results provide supporting evidence of the habit discontinuity hypothesis and suggest a possible substitution effect between environmentally friendly travel mode choice and other environmental activities. |
| Keywords: | Sustainable transportation; environmental behaviour; travel demand; commuting; Asian cities |
| JEL: | R41 |
| Date: | 2019–12–10 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97493&r=all |
| By: | Kamaluddin, Amrizah; Hadi, Nabawiyah Abdul; Alam, Md. Mahmudul (Universiti Utara Malaysia); Adil, Mohamed Azam Mohamed |
| Abstract: | This study examines the social collateral model for Islamic microfinance in Malaysia. Using qualitative instruments on academics and officers of microfinance institutions as the sample study, this study identifies the components that should be included in the social collateral model for Islamic microfinance. Based on interviews and focus group discussions, this study found that similar to the conventional microfinance, the Islamic microfinance also include social capital, group pressure, entrepreneurship skills, and culture as the components of the social collateral model. In addition, this study found that religiosity represents another important component of the social collateral model for Islamic microfinance |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:ya8ft&r=all |
| By: | Prasetyo, Zico; Afriyeni, Afriyeni |
| Abstract: | The research purpose is to understand the effectiveness of operational risk management on PT. Bank Pembangunan Daerah Sumatera Barat Branch Painan in accordance with the regulation of Bank Indonesia No. 11/25/PBI/2009 about the risk management application on the public bank. The research using descriptive qualitative method by present the of risk management application in a company. The data used are primary data that collected from interview method and the secondary data is action plan of PT. Bank Pembangunan Daerah Sumatera Barat Branch Painan. The research result show that the policy and the procedure and the strategy that applied PT. Bank Pembangunan Daerah Sumatera Barat Branch Painan in risk management application is effective according to the minimal standard of Bank Indonesia and adjusted according to the bank scope of business. |
| Date: | 2018–12–06 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:83ea4&r=all |
| By: | Jereme, Innocent A.; Begum, Rawshan Ara; Talib, Basri Abdul; Siwar, Chamhuri; Alam, Md. Mahmudul (Universiti Utara Malaysia) |
| Abstract: | Malaysia has seen a high rate of economic growth in past couple of decades hand in hand with an ever increasing size of population. As a consequence, the issue of sustainable waste management has become an important priority for policymakers and other stakeholders of the society. Although there are potentials to recycle up to 80 per cent of the total dry wastes collected, currently most of them are deposited into various landfill sites. Waste treatment facilities are also insufficient in the country. The government has introduced SWM Act 2007 along with other initiatives to improve the waste management scenario, but more needs to be done to be able to recycle and treat a major portion of the wastes. Based on studies on the state of Selangor in Malaysia, this paper this paper attempts to analyse the waste management scenario of Malaysia and the problems and prospects of waste recycling there. The paper will help the policy makers, waste management strategists, local administrators and researchers in the field to formulate sustainable policies and identify further areas of study in the relevant field. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:2csqj&r=all |
| By: | Said, Jamaliah; Alam, Md. Mahmudul (Universiti Utara Malaysia); Abdullah, Nik Herda Nik; Zulkarnain, Nur Nadiah |
| Abstract: | This study is an attempt to assess the status of current level of value creation among the Government Linked Companies (GLCs) in Malaysia. This study collected primary data based on a set of questionnaire survey among 134 executives and managers of GLCs in Malaysia. The data were collected based on opinions of the ten factors of value creation practices by using the five-point Likert scale. The data were analysed using descriptive statistics. Further, the reliability of the data was tested using Cronbach’s alpha test, the validity of the data was tested by checking the normality test through skewness and kurtosis, and the consistency of the data was tested using factor analysis. On an average, 80.6% of the respondents agreed that they focus on these factors of value creation. Overall, the federal owned GLCs place more emphasis on certain elements of value creation than the state owned GLCs. Among the elements of value creation, the state owned GLCs emphasize the most on quality development and brand value creation, where the federal owned GLCs emphasized the most on reputation. The GLCs engaged in service sector emphasized the most on brand value and the GLCs engaged in manufacturing sector emphasized the most on customer satisfaction and quality development. This study suggest that GLCs in Malaysia improve the overall value creation by emphasizing on responsiveness, average return on investment, sales growth, profit growth and average return on sales. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:u7f4k&r=all |
| By: | Fernando, Redwal; Dewi, Aminar Sutra |
| Abstract: | This study aims to examine the relationship between Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), BOPO, Net Interest Margin (NIM), Loan to Deposit Ratio (LDR) for Return On Asstes (ROA). The number of samples used are 9 commercial banks listed on the Indonesia Stock Exchange period 2012-2016. The method used in this study using multiple regression analysis using Eviews 6. From the results of tests performed show that CAR statistically does not significantly influence tehadap ROA, BOPO significantly influence teh ROA, NPL has significant effect to ROA, different from NIM which has no significant effect on ROA, and LDR has significant effec on ROA. |
| Date: | 2018–12–10 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:k3w69&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Krisnando, Dominikus Savio Gemma |
| Abstract: | Makalah ini merupakan hasil laporan Foreign Case Study untuk syarat publikasi ilmiah di Sekolah Tinggi Pariwasata Ambarrukmo Yogyakarta dengan judul Merlion Park Sebagai Wisata Unggulan Di Singapore. |
| Date: | 2019–12–08 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:ts3qu&r=all |
| By: | Ramadhana, Andi Aspar; Sjahruddin, Herman |
| Abstract: | Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh Kinerja Keuangan Terhadap Harga Saham . Populasi dalam penelitian ini adalah Laporan keuangan triwulan untuk tahun 2014-2017, Perusahaan industri manufaktur Sektor industri barang konsumsi Sub Sektor rokok yang terdaftar di Bursa Efek Indonesia (BEI) yang berjumlah 4 (empat) perusahaan, namun terdapat 1 (satu) diantaranya yang penyajian laporan keuangannya tidak disajikan secara lengkap, terkait dengan variable yang dianalisis (Return on Asset (ROA), Net Profit Margin (NPM), Debt to Total Assets Ratio (DAR) dan Price Earning ratio (PER) serta closing price saham), sehingga sampel dalam penelitian ini hanya menggunakan 3 emiten saja (PT HM Sampoerna Tbk (HMSP), PT. Gudang Garam Tbk (GGRM), dan PT. Wismilak Inti Makmur Tbk (WIIM)). sehingga keseluruhan data yang digunakan berjumlah 3 X 16 = 48 unit data. Hasil analisis regresi ganda menunjukkan bahwa ROA berpengaruh negatif dan tidak signifikan terhadap harga saham, variabel NPM berpengaruh positif dan tidak signifikan terhadap harga saham, sedangkan variabel DAR dan PER berpengaruh positif dan signifikan terhadap harga saham |
| Date: | 2018–09–27 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:79ext&r=all |
| By: | Ramadhana, Andi Aspar; Sjahruddin, Herman |
| Abstract: | Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh Kinerja Keuangan Terhadap Harga Saham . Populasi dalam penelitian ini adalah Laporan keuangan triwulan untuk tahun 2014-2017, Perusahaan industri manufaktur Sektor industri barang konsumsi Sub Sektor rokok yang terdaftar di Bursa Efek Indonesia (BEI) yang berjumlah 4 (empat) perusahaan, namun terdapat 1 (satu) diantaranya yang penyajian laporan keuangannya tidak disajikan secara lengkap, terkait dengan variable yang dianalisis (Return on Asset (ROA), Net Profit Margin (NPM), Debt to Total Assets Ratio (DAR) dan Price Earning ratio (PER) serta closing price saham), sehingga sampel dalam penelitian ini hanya menggunakan 3 emiten saja (PT HM Sampoerna Tbk (HMSP), PT. Gudang Garam Tbk (GGRM), dan PT. Wismilak Inti Makmur Tbk (WIIM)). sehingga keseluruhan data yang digunakan berjumlah 3 X 16 = 48 unit data. Hasil analisis regresi ganda menunjukkan bahwa ROA berpengaruh negatif dan tidak signifikan terhadap harga saham, variabel NPM berpengaruh positif dan tidak signifikan terhadap harga saham, sedangkan variabel DAR dan PER berpengaruh positif dan signifikan terhadap harga saham |
| Date: | 2018–10–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:8phn2&r=all |
| By: | Saputra, Jack Tri; Dewi, Aminar Sutra |
| Abstract: | This study aims to determine the performance of Bank BCA and Bank BNI using EVA and MVA during the years 2011 to 2015. The study was categorized as a comparative descriptive study. The author chose a sample of a population’s financial statements, issued by PT Bank Central Asia Tbk and PT Bank Negara Indonesia Tbk. The data used are secondary data with engineering documentation. Data analysis method used is Independent Sample T-test. The results showed that there is no difference in financial performance by using thr method EVA and MVA at the Bank BCA with the Bank BNI. From result of the data processing found value t tabel > t hitung that is 2,306 > 1,549 for variables EVA and 2,306 > -2,024 for variables MVA. |
| Date: | 2018–12–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:w79pf&r=all |
| By: | Ricardo Espinoza; Marieke Vandeweyer |
| Abstract: | To enjoy the same success in the future as in the past, Malaysia will need to ensure that more people develop the right skills and use them effectively in the workplace. Special attention needs to be devoted to supporting disadvantaged students and adults in developing critical skills and reducing the skills imbalances in the labour market, which can contribute to higher productivity and growth. In light of the importance of skills for fostering labour productivity, this paper examines evidence of skills imbalances in Malaysia and assesses Malaysia’s performance in a number of key policy areas that can help reduce imbalances. The first section provides an overview of skill imbalances in the Malaysian labour market and presents new evidence from the OECD Skills for Jobs database. The subsequent sections discuss how Malaysia performs in four policies areas that are important for minimising imbalances: i) improving teacher quality and practices, ii) strengthening the connection between education institutions and employment, iii) providing training opportunities during working life, and iv) making better use of women’s skills. The final section focuses on demand side policies that can support Malaysia to move towards a high-skill equilibrium and discusses areas of action to improve the conditions that promote the development of a more innovative and dynamic economy.This Working Paper relates to the 2019 OECD Economic Survey of Malaysia (http://www.oecd.org/economy/malaysia-ec onomic-snapshot) |
| Keywords: | adult learning, education, employment, female labour force participation, productivity, skills, skills imbalances, teaching practices |
| JEL: | J23 J24 J16 I20 O33 |
| Date: | 2019–12–23 |
| URL: | http://d.repec.org/n?u=RePEc:oec:ecoaaa:1591-en&r=all |
| By: | Sharif, Arshian; Mishra, Shekhar; Sinha, Avik; Jiao, Zhilun; Shahbaz, Muhammad; Afshan, Sahar |
| Abstract: | This empirical examination explored the link between renewable energy utilization and environmental degradation in top-10 polluted countries by using monthly data from 1990-2017. The Quantile-on-Quantile regression (QQ) proposed by Sim and Zhou (2015) and Granger causality in quantiles developed by Troster (2018) are applied. In particular, we examine in what manners, quantiles of renewable energy consumption affect the quantiles of environmental degradation. Our empirical findings unfold overall dependence between renewable energy consumption and ecological deterioration. The findings recommend the presence of a significant negative association between renewable energy consumption and environmental degradation in China, USA, Japan, Canada, Brazil, South Korea and Germany, predominantly in high and low tails but results are totally contrasting in the case of India, Russia and Indonesia. Furthermore, the outcomes of Granger-causality in quantiles conclude a bidirectional causal link between renewable energy consumption and environmental degradation. The empirical findings suggest that governments should need to subsidize green energy in declining ecological degradation. |
| Keywords: | Renewable Energy; CO2 Emissions; Quantile-on-Quantile (QQ) Approach; Granger-Causality in Quantiles |
| JEL: | Q5 |
| Date: | 2019–12–15 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97908&r=all |
| By: | Melania, Vella; Dewi, Aminar Sutra |
| Abstract: | Increasing problem credit, resulted in decline commodity price and value changes. The purpose of this research to verify the influence of good corporate governance (board of directors and audit committe) to financial performance with earning management as intervening variabel. The sample of this research are 14 banking companies registered in BEI period 2012-2016. This research use regression analysis method with intervening variabel and path analysis for mediation variabel. The result of research showed that the board of directors had a positive and significant effect to financial performance, the audit committee had no significant positive effect to financial performance, the board of directors had no significant negative effect to earnings management, the audit committee had no significant negative effect to earnings management, and earning management had no significant positive effect to financial performance. In Sobel test, earnings management doesn’t mediate board of director relationship with financial perfomance and earnings management doesn’t mediate audit committee with financial performance. |
| Date: | 2019–01–04 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:jrpcd&r=all |
| By: | Chakraborty, Lekha (National Institute of Public Finance and Policy) |
| Abstract: | The paper analyses the macroeconomic policy coherence required for sustainable development goals (SDGs) in the context of Asia Pacific region. Specifically, the paper analyses the monetary, fiscal and structural policy reforms and suggest specific policy tools to integrate SDGs in macroeconomic policies. The analysis reveals that the transition of macroeconomic framework from `discretion' to `controlled discretion' and `rules' acts as a constraint to integrate SDGs into the policy framework. In the region, the monetary policy is increasingly focusing on inflation targeting, while the fiscal policy is based on the threshold rules of fiscal deficit-GDP ratio. Within these constraints of the macroeconomic framework, a few countries in the region have identified specific policy tools to integrate SDGs within a `beyond GDP paradigm'- in particular using the tools of accountability like gender budgeting, the climate responsive budgeting and the strategies for financial inclusion. |
| Keywords: | SDG ; Macroeconomic policy coherence ; Asia Pacific |
| Date: | 2020–01 |
| URL: | http://d.repec.org/n?u=RePEc:npf:wpaper:20/292&r=all |
| By: | Jereme, Innocent A.; Siwar, Chamhuri; Begum, Rawshan Ara; Alam, Md. Mahmudul (Universiti Utara Malaysia) |
| Abstract: | Malaysia has seen a high rate of economic growth in past couple of decades hand in hand with an ever increasing size of population. Consequently, the issue of sustainable waste management has become an important priority for policymakers and other stakeholders of the society. Although the respective local administrations are responsible for collection and disposal of household and industrial wastes, privatization of the entire process has been heavily promoted and pursued by the federal government of the country. A significant number of waste dealers – both formal and informal – are currently involved in the field level. Through analysing the inputs acquired from semi-structured interviews with these waste dealers operating at Kuala Langat and Sepang districts in the Selangor state, this paper attempts to identify the roles they are playing in the overall waste management cycle, the challenges they are facing, and the untapped opportunities from their operations. This paper will help the policy makers, waste management strategists, local administrators and researchers in the field to formulate sustainable policies, and identify further areas of study in the relevant field. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:thz68&r=all |
| By: | Widiyantoro, Arief |
| Abstract: | Paper ini merupakan hasil analisis kelompok kami terhadap kebijakan publik tentang transportasi berbasis online khususnya di PT Gojek Indonesia. |
| Date: | 2019–01–13 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:nbkmx&r=all |
| By: | Dewi, Ratna; Mahmud, Amir; Jamali, Hisnol |
| Abstract: | This research aim to test and analyze the impact of internal factor analysis summary (IFAS) and competing power on performance in the life insurance industry in Makassar (Indonesia): The mediating role of competitive advantage. This study uses 60 employees of insurance companies at the manager level. Path analysis results provide evidence that the internal factor analysis summary (IFAS) and competitiveness significantly influence the competitive advantage and performance in the life insurance industry. The role of competitive advantage proved able to mediate the effect of internal factor analysis summary (IFAS) in improving the performance in the life insurance industry. The different conditions with competitive advantages that cannot increase the competing power against performance in the life insurance industry |
| Date: | 2018–09–21 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:6ngxe&r=all |
| By: | Alam, Md. Mahmudul (Universiti Utara Malaysia); Siwar, Chamhuri; , Abu N.M. Wahid; Talib, Basri |
| Abstract: | This research aims at analyzing the level of food security among some selected poor and low-income households in Malaysia. The study area is located in the East Coast Economic Region of the country. It uses primary data collected during the July-October months of 2012 and 460 sample families were chosen from the E-Kasih poor households database based on cluster random sampling technique. In this sample survey, households’ food security has been measured by the USAID-HFIA model. The findings of the study indicate that 52.8% of the households are food secure, that of 23.3% are mildly food insecure, 14.3% are moderately food insecure, and 9.6% are severely food insecure. The findings on the current situation of household food security among different economic groups is very important for the policy makers to achieve Vision 2020 and the targets of Malaysian National Plans regarding food security, socioeconomic development and poverty alleviation. In order to ensure food security in Malaysia, especial focuses are needed for those who are severely food insecured and those who are food insecured but marginally above the poverty line. Here the involvement of private sector and community based organizations are also important to combat the short run, seasonal, and event related risk of food insecurity as well as for the development of appropriate mitigation and adaptation options to ensure sustainable food security at household level in Malaysia. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:uazj2&r=all |
| By: | Lubis, Syilvia Sari; Dewi, Aminar Sutra |
| Abstract: | The value of a company is the perception of investors to an agency that can be related to stock prices. High corporate value is able to reflect the prosperity for investors. This observation intends to prove empirically the effect of profitability, debt policy and dividend policy on corporate value. The data used are secondary data such as financial statements data during the observation period. This observations selects the mining industry data listed on the Indonesian Stock Exchange with the 2012-2016 observation period. Sample collection method using purposive sampling method. through purposive sampling got 9 companies studied. The analytical method used is regression analysis of panel data with the help of application E-Views 8. The initial test is to test the Chow-Test to decide whether the Pooled Least Square or Fixed Effect method is used; and the test Haussman-Test to decide whether the Fixed Effect or Random Effect method can be used. The results of this observation states that profitability has a significant effect on corporate value on the contraty debt policy and dividend policy has no significant effect on firm value. |
| Date: | 2019–01–12 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:d5p3x&r=all |
| By: | Agustin, Elvina; Dewi, Aminar Sutra |
| Abstract: | The financial performance of State-Owned Enterprises has decreased from 2015 to Q1 2016 because of rising NPLs or bad loans. The role of the organization in the company will give effect to the financial performance. This study aims to determine the influence of the Board of Commissioners, Audit Committee, and Leverage on Performance Banking finance. The sample used is the financial sector companies in the year 20012-2016 amounted to 45 samples. The type of data used is secondary data. The hypothesis in this research is tested by using panel data regression analysis. The result of the hypothesis test shows that the board of commissioners has negative and insignificant effect, the audit committee has positive and insignificant impact on the company's financial performance (ROA). Leverage has a negative and insignificant impact on ROA. |
| Date: | 2019–01–07 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:h9xgp&r=all |
| By: | Lova, Nola Hasrina; Dewi, Aminar Sutra |
| Abstract: | The share price of companies listed on the LQ45 index has declined almost all sectors to decline in stock prices, Unless mining and infrastructure sectors are still moving in the green zone. Performance in this research is represented by Return On Equity and company size measured by Total Asset. In this study aims to determine whether the influence of Return On Equity on stock prices and the size of the Company to the stock price of the company. The method used to determine the sample is by purposive sampling method, the data used is sekunder date in the form of financial report data from companies listed on the LQ45 index. To test the variables using panel data regression are Common Effects Models (CEM), Fixed Effects Models (FEM), and Random Effects Models (REM). The results of this study indicate that financial performance does not affect the stock price of the company, while the size of the company does not affect the stock price. |
| Date: | 2019–01–11 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:ac5tn&r=all |
| By: | Mardila, Wira; Afriyeni, Afriyeni |
| Abstract: | This study was conducted to determine the level of liquidity in the regional development banks (BPD) western Sumatra main branch in the period December 2013 - December 2015. the purpose of this study was to analyze the financial statement balance in regional development banks (BPD) western Sumatra. This research is a descriptive study using data from the financial statements. analysis using liquidity ratios used to assess the soundness of banks based Quick ratio (QR), banking ratio (BR), and Loan to Deposit Ratio (LDR). The Research shows that the level of bank liquidity seen from the Quick Ratio (QR) regional development banks (BPD) west Sumatra year period from December 2013 - December 2015, including the year 2013 amounted to QR 27.82%, 2014 amounted to 25.56% and 2015 amounted to 29.11% the results are included in the category of healthy. Banking Ratio (BR) in December 2013 by 93.85%, and then in December 2014 amounted to 93.06% and in December 2015 amounted to 94.71%. These results are included in the category of unhealthy because exceed the standard requirements of Bank Indonesia. Loan to Deposit Ratio (LDR) in December 2013 amounted to 83.16%, 81.92% by December 2014 and December 2015 amounted to 82.17%. These results included into the category of healthy. |
| Date: | 2018–12–04 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:cjkbt&r=all |
| By: | Yogyakarta, Perpustakaan STIPRAM; Arifano, Muh. Mazda |
| Abstract: | The Merlion is a mythical creature with a lion's head and the body of a fish that is widely used as a mascot and national personification of Singapore. Two Merlion statues are located at the park. The original Merlion structure measures 8.6 meters tall and spouts water from its mouth. It has subsequently been joined by a Merlion cub, which is located near the original statue and measures just 2 metres tall. |
| Date: | 2019–12–08 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:avbqd&r=all |
| By: | Wandri, Ahmad; Dewi, Aminar Sutra |
| Abstract: | Plastic and packaging companies suffered losses due to imported raw materials from abroad. The purpose of this study is to determine the effect of leverage, sales growth, and company size on profitability in plastic and packaging companies listed on the Indonesia Stock Exchange from 2012 until 2016. The results explain that the higher the leverage will decrease the profitability of the company, the higher the sales growth the higher the profitability, and the higher the size of the company will decrease the profitability of the company. Based on the partial t test it can be concluded that leverage has a negative and significant effect on profitability because the probability value is 0.0003 < 0,05. Based on the partial t test can be concluded that sales growth does not affect the profitability because the probability value of 0.9221 > 0.05. Based on the partial t test can be concluded that firm size does not affect the profitability because the probability value of 0.3529 > 0.05. The ability of independen to influence dependen is 21,94% while the rest equal to 78,06% influenced by other variable beside of variable which is researched. |
| Date: | 2019–01–02 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:9mbhk&r=all |
| By: | Abdullah, Azrul Bin (Universiti Teknologi MARA, Perlis Branch, Arau Campus) |
| Abstract: | This study investigates the choice of applying hedge accounting among Malaysian listed companies in reporting their use of derivatives for hedging activities. Based on a sample of 300 Malaysian listed companies, we found that only 162 companies (54%) use derivatives to hedge their financial risk exposure and only 30% of those companies choose to apply hedge accounting. In addition, this study examines the relationship between company-specific characteristics and the choice to apply hedge accounting. The logistic regression results show that the decision to apply hedge accounting by Malaysian companies is positively influenced by company size and leverage. The implications of the findings are discussed and some conclusions are drawn. |
| Date: | 2018–11–25 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:npa6v&r=all |
| By: | Viska, Vira Yulia; Dewi, Aminar Sutra |
| Abstract: | This research conducted to find out either simultaneously or partially the influence of the inflation rate, the interest rate and the exchange rates of the US Dollar on composite stock price indeks in Indonesia Stock Exchange. This type or research is quantitative research. Data analysis technique used is multiple linear regression using the program eviews. The results of this study indicite that : 1) inflation rate variable has negative effect that is not significant to composite stock price indeks, 2) the interest rate variable has negative effect significantly to composite stock price indeks, 3) the exchange rates of the US Dollar variable effect significantly positive to the exchange rates of the US Dollar. Determination of coefficient test result shows that the three variable used may explain the variable composite stock price indeks 40,86% while the remaining 59,14% influenced by other variables outside this research model. |
| Date: | 2018–12–06 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:szfdh&r=all |
| By: | Molla, Rafiqul Islam; Alam, Md. Mahmudul (Universiti Utara Malaysia); Bashar, M. A.; Alam, A. S .A. Ferdous |
| Abstract: | Entrepreneurship is indispensable for progress of human civilization and effectively exploring and exploiting existing and potential resources for wellbeing of humanity. Modern economics operates basically through two major modes of entrepreneurships: the market/private sector economics relying on commercial entrepreneurships (self-interest- centric) and the state/public sector economics relying on state entrepreneurships (public-wellbeing-centric). However, both have, individually and jointly, failed to ensure economics‟ fundamental goal of wellbeing for human societies. In response, a community wellbeing-centric social enterprise economics (third sector), which features cooperatives and not-for-profit social enterprises in the name of foundations, trusts/awqāf, social businesses, and similar undertakings, has emerged as a make-up strategy to meet the minimum unmet requirements for social wellbeing. However, there is a strongly felt belief that this community wellbeing-centric social enterprise economics needs to be broadened and mainstreamed in order to include entirely charitable institutions, predominantly not-for-profit operations, and predominantly for-profit businesses but blended with provision of social welfare programs like corporate social responsibility, etc., for its emancipation as a major economic system to be able to play a leading role for ensuring desirable economic growth and development. Islamic entrepreneurship, which is basically a community-centric mode of business initiative, is closely related to social entrepreneurship. It is an antidote to the problem of intolerable economic and social dualism and a natural strategy against all forms of capitalist exploitation to control world resources, like, in the past, through European colonialism, and now, through American-led state terrorism. It is the natural guard against economic inequity, wealth concentration, and social divides. Based on its potential and using examples from Bangladesh and Malaysia, we argue that the Islamic style social entrepreneurship, which is operationally a profession for a mission, is intellectually and operationally superior and more efficient for effectively widening and mainstreaming community-centric social enterprise economics to ensure development with equity and social justice. The paper aims to put forward social enterprise economics (third sector) for dialogue and research in the context of effective functioning of modern economies ensuring community wellbeing. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:r286g&r=all |
| By: | Ling, Coco Siu Yin |
| Abstract: | The performance of a company can be affected by the financial risks associated with it. It is important for a company to manage financial risks efficiently. The purpose of this study is to identify the impact of financial risks on the performance of Apollo Food Holdings Berhad which is a food and beverages company for the period of 2014-2018. This study develops multiple linear regression models to analyse the impact of financial risk on company performance. The findings show that operating margin is the most significant variable that positively influence the performance of the company. This study suggests that Apollo Food Holdings Berhad should deal with their operating margin in order to increase the performance and profitability of the company. This can be done by increasing the revenue or reducing its cost. |
| Keywords: | Performance, Financial Risks, Operating Margin. |
| JEL: | E6 G3 G32 |
| Date: | 2019–11–08 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97889&r=all |
| By: | Parisa Kamali |
| Abstract: | In many countries, a sizable share of international trade is carried out by intermediaries. While large firms tend to export to foreign markets directly, smaller firms typically export via intermediaries (indirect exporting). I document a set of facts that characterize the dynamic nature of indirect exporting using firm-level data from Vietnam and develop a dynamic trade model with both direct and indirect exporting modes and customer accumulation. The model is calibrated to match the dynamic moments of the data. The calibration yields fixed costs of indirect exporting that are less than a third of those of direct exporting, the variable costs of indirect exporting are twice higher, and demand for the indirectly exported products grows more slowly. Decomposing the gains from indirect and direct exporting, I find that 18 percent of the gains from trade in Vietnam are generated by indirect exporters. Finally, I demonstrate that a dynamic model that excludes the indirect exporting channel will overstate the welfare gains associated with trade liberalization by a factor of two. |
| Date: | 2019–12–27 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:19/302&r=all |
| By: | Gibson, John; Olivia, Susan; Boe-Gibson, Geua |
| Abstract: | Popular DMSP night lights data are flawed by blurring, top-coding, and lack of calibration. Yet newer and better VIIRS data are rarely used in economics. We compare these two data sources for predicting Indonesian GDP at the second sub-national level. DMSP data are a bad proxy for GDP outside of cities. The city lights-GDP relationship is twice as noisy using DMSP as using VIIRS. Spatial inequality is considerably understated with DMSP data. A Pareto adjustment to correct for top-coding in DMSP data has a modest effect but still understates spatial inequality and misses key features of economic activity in Jakarta. |
| Keywords: | Night lights; inequality; GDP; DMSP; VIIRS; Indonesia |
| JEL: | O15 R12 |
| Date: | 2019–12–14 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97582&r=all |
| By: | mwabukojo, Edson |
| Abstract: | There are four choice of grand development paradigm; the Liberalism, Controlled Economy, Neoliberalism and a mixed paradigm. However, it has been revealed that a mixture of policy paradigm is the more profitable paradigm for the least developed nations. This stance is advocated based on the fact that conceptually, all paradigms holds some development potentiality and therefore, neither of the three is completely perfect nor completely wrong. Therefore, the least developed countries encourage not to be dragged/dictated by just one school of thoughts in choosing a development paradigm, instead they should decide based on the country’s challenges and requirements versus available policy options. Based on this view, any profitable policy is a deal regardless of whether it resemble liberal or controlled or neoliberal paradigm, and this is the basis of advocating a mixed policy paradigm. Based on the conceptual analysis and empirical evidences, it has been revealed that gradualism approach of paradigm shift is a more valuable than a revolutionary. Based on the fact that gradualism approach is characterized with the limited shock risk in terms of its outcome, the least developed nations are advocated to apply the evolution approach to shift from the legacy to a mixed policy paradigm. The author’s view is provided based on the fact that, the experienced and the theoretical model has provided the evidence that the least developed countries which are normally characterised by a limited quality of human capital and resources as well democracy constraints has been or can be more successfully when they apply a gradualism approach. Based on outcomes, China and Vietnam which have shifted through gradualism approach to a mixed paradigm are cited as good example of successfully model of paradigm shift. Moreover, this study has highlighted that adequate of political engagement to enable or manage a paradigm shift process is a key ingredient to the success of the shifting decision and process. In other hand, the political negligence can lead to paradigm failure and consequently instability in the country. Also, the political instruments are advocated to note that searching for better development paradigm as well as undergoing a regular paradigm evaluation is continuous and important input to the development and survival of the paradigm |
| Keywords: | development paradigm; Paradigm shift; Paradigm Revolution; Paradigm Evolution; Mixed Paradigm |
| JEL: | P51 |
| Date: | 2019–12–11 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97533&r=all |
| By: | Milhaupt, Curtis J.; Pargendler, Mariana; Library, Cornell |
| Abstract: | Cornell International Law Journal: Vol. 50 : No. 3 , Article 3 Despite predictions of their demise in the aftermath of the collapse of socialist economies in Eastern Europe, state-owned enterprises (SOEs) are very much alive in the global economy. The relevance of listed SOEs— firms subject to government ownership, but with a portion of their shares traded on public stock markets— has persisted and even increased around the world, as policymakers have encouraged the partial floating of SOE shares either as a first step toward, or as an alternative to, privatization. In this Article, we evaluate the governance challenges associated with mixed ownership of enterprise, and examine a variety of national approaches to the governance of listed SOEs, with a view to framing a robust policy discussion in many countries where SOE reform is a topic of major significance. We describe the evolution and current status of the institutional framework applicable to listed SOEs in eight different jurisdictions which reflect a variety of economic, legal, and political environments: France, the United States, Norway, Colombia, Brazil, Japan, Singapore, and China. We leverage the lessons from this comparative analysis by critiquing the policy prescriptions of international agencies such as the OECD and framing our own policy suggestions. |
| Date: | 2018–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:osf:lawarx:zrxmn&r=all |
| By: | Alam, Md. Mahmudul (Universiti Utara Malaysia); Uddi, Gazi Salah |
| Abstract: | Stock exchange and interest rate are two crucial factors of economic growth of a country. The impacts of interest rate on stock exchange provide important implications for monitory policy, risk management practices, financial securities valuation and government policy towards financial markets. This study seeks evidence supporting the existence of share market efficiency based on the monthly data from January 1988 to March 2003 and also shows empirical relationship between stock index and interest rate for fifteen developed and developing countries- Australia, Bangladesh, Canada, Chile, Colombia, Germany, Italy, Jamaica, Japan, Malaysia, Mexico, Philippine, S. Africa, Spain, and Venezuela. Stationarity of market return is tested and found none of this stock market follows random walk model, means not efficient in weak form. To investigate the reasons of market inefficiency, relationship between share price and interest rate, and changes of share price and changes of interest rate were determined through both time series and panel regressions. For all of the countries it is found that interest rate has significant negative relationship with share price and for six countries it is found that changes of interest rate has significant negative relationship with changes of share price. So, if the interest rate is considerably controlled for these countries, it will be the great benefit of these countries’ stock exchange through demand pull way of more investors in share market, and supply push way of more extensional investment of companies. |
| Date: | 2019–02–23 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:5fket&r=all |
| By: | Sim, Siew Pei |
| Abstract: | Performance of a company is very important from time to time. This study attempted to investigate the factors that will influencing the performance of HSIB in Malaysia. The financial data is collected from the annual report from 2014 to 2018. The independent variables consist of eight internal factors and five external factors. This study used multi-regression analysis. The data is analyzed by using descriptive statistic, correlations, modal summary and coefficients. The findings show operating margin is very strong positively and moderate significantly correlated to the performance. Therefore, the study is provided some recommendations that can be taken in order to improve HSIB’s performance through operating margin at the end. |
| Keywords: | Performance, Internal Factors, External Factors, Corporate Governance |
| JEL: | E6 G0 G3 G32 |
| Date: | 2019–10–18 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97173&r=all |
| By: | Alam, Md. Mahmudul (Universiti Utara Malaysia); Akbar, Chowdhury Shahed |
| Abstract: | Efficient Market Hypothesis (EMH) is founded on the theory of expected rationality but the theory of behavioural finance concludes that stock market investors are quasi-rational. Therefore, under the capitalistic system, the efficient markets have already failed to protect the rights of investors that have led to chronic capital market crashes and failure to achieve efficiency, justice, fairness, accountability, fair distribution of benefits, and a rational behaviour among investors. However, recently, Islamic financial institutions and markets have been emerging, which stand on the Shariah provision – the guided way to behave rationally or guided rationality. Based on the empirical experiences and evidences of both market systems, this paper discusses and compares the performances of the markets under the theoretical arguments of “rationality”, “quasi-rationality”, and “guided rationality”. This paper suggests that capital market based on guided rationality under the Islamic System can be a better alternative over the conventional market system. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:83ekv&r=all |
| By: | Vuong, Quan-Hoang |
| Abstract: | Valian rightly made a case for better recognition of women in science during the Nobel week in October 2018 (Valian, 2018). However, it seems most published views about gender inequality in Nature focused on the West. This correspondence shifts the focus to women in the social sciences and humanities (SSH) in a low- and middle-income country (LMIC). |
| Date: | 2018–12–30 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:fb2cy&r=all |
| By: | Hossain, MI; Siwar, C; Alam, Md. Mahmudul (Universiti Utara Malaysia) |
| Abstract: | Bangladesh is one of the largest and richest floodplain lands in the world. There are 3 million hectares of medium and deep flooded areas. In the dry season these land are used for rice production, but these lands remain unutilized or underutilized for a long period because of flooding. Recently, rice and fish culture is practiced in dry and flooding season under community based fisheries management (CBFM) in Kalmina Beel, Fulbaria, Mymensingh and Angrar Beel, Pirganj, Rangpur areas as case studies. Assessment of the challenges and problems of these beels will help to implement it in other floodplain areas of Bangladesh that will help utilize land and waterbodies with a good source of food, employment and better income source for poor people. To understand the challenges of implementation of CBFM, this study was conducted on Beel Mail at Rajshahi in Bangladesh as a case study. This study conducted focus group discussion among the CBFM stakeholders. It was revealed that lack of skills, education, technological knowledge, and conflict among the stakeholders are the main internal constraints. Lack of coordination among the government agencies, improper facilities for marketing, infrastructure, and financial services, and environmental externalities were identified as major external constraints of successful implementation of CBFM. Some policy recommendations for the successful implementation of the CBFM have been formulated. |
| Date: | 2019–02–28 |
| URL: | http://d.repec.org/n?u=RePEc:osf:socarx:b74hm&r=all |
| By: | Guglielmo Maria Caporale; Menelaos Karanasos; Stavroula Yfanti; Aris Kartsaklas |
| Abstract: | This study examines the impact of investors’ buy and sell trades on Korean stock market volatility across two crisis events, the Asian crisis of 1997 and the 2008 global financial crash. We investigate the trading behaviour of domestic vs. foreign and institutional vs. individual investors. Our results suggest that the buy and sell trades have an asymmetric effect on volatility that depends on the type of investor trading and on the phase of the business cycle. Buy orders appear to be more informative than sell orders since they mostly lower volatility in the pre-crisis periods, while sell and post-crisis buy trades affect volatility positively regardless of who trades (institutional or individual investors) and on what information (member, non-member). Most importantly, decomposing total buy and sell trades into trader-type categories reveals that some institutional investors are more informed traders that stabilize the market compared to individuals that always increase volatility. Foreign investors reduce volatility with their purchases and total trading activity in the whole Asian crisis sample, but only in the pre-crisis period before the recent global financial turmoil. |
| Keywords: | financial crisis, foreign investors, individual investors, institutional investors, long memory, range-based volatility, structural change, trading volume |
| JEL: | G01 G12 G15 G23 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_7984&r=all |