Open Access Article | |||
1. |
The magnitude of the investment yield of sharia insurance in Indonesia
, Pages: 497-506 Mutia Ismail PDF (650K) |
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Abstract: The aim of this paper was to investigate the effect of the gross domestic product (GDP) and population on the investment yield of sharia insurance in Indonesia. This research used a causal research design with Indonesian sharia insurance as the focus. The secondary data were sourced from the Financial Services Authority (OJK) of Indonesia in 2016–2017. The analysis was performed with Smart Partial Least Square (PLS) software and indicated that the GDP did not influence the investment yield; however, the population did influence the investment yield of sharia insurance in Indonesia. The implications of this study are expected to recommend to the Indonesia Financial Services Authority regarding the impact of the GDP and population on the investment yield in Indonesia. In addition, the implication provides support for the Indonesian monetary policy authorities to anticipate the monetary policy by the Fed, regarding dovish and hawkish sentiments, to encourage capital inflows to emerging countries due to the impact on the development of Sharia/Takaful insurance in Indonesia. A social implication is that the sharia insurance industry in Indonesia can develop if the public can enjoy convenience in applying for premiums and ease in receiving sharia insurance claims. The majority of Indonesia's population of Moslems requires an openness in the process. This study takes a sample of different sharia industry characteristics to compare sharia and conventional types of industry. DOI: 10.5267/j.ac.2021.1.009 Keywords: Dovish/hawkish sentiments,, Investment yield, Gross Domestic Product Population
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2. |
Manager’s ability, wage minimum policy, and firm size on firm performance: An empirical analysis in the real estate and construction sector
, Pages: 507-512 Nguyen Ho Phi Ha and Nguyen Quang Minh PDF (650K) |
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Abstract: The real estate and construction industry have significantly played a particularly important role in economic development in each economy. In the case of Vietnam, the real estate and construction industry have greatly contributed a large proportion to the gross domestic product (GDP) growth with a sustainable annual growth. The purpose of this study is to examine the impact of manager’s ability, wage minimum policy, and firm size on firm performance. Using 220 real estate and construction firms in the case of Vietnam, results depict that a greater ability of managers in the real estate and construction sector will significantly enhance the efficiency of businesses. In addition, a larger firm can reach a higher firm efficiency while the efficiency of the real estate and construction firms is not impacted by changes of wage minimum policy. DOI: 10.5267/j.ac.2021.1.008 Keywords: Minimum Wage Policy, Firm Size, Firm Performance, Real Estate, Construction Sector
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3. |
Cash flows, capital structure and shareholder value: Empirical evidence from Amman stock exchange
, Pages: 513-524 Fawzi A. Al Sawalqa PDF (650K) |
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Abstract: The current study links the information contents of the three main financial statements in a balanced panel data model to empirically examine the effect of cash flows per share and capital structure on shareholder value. The results of the study are based on a sample of 270 firm-year observations from the Jordanian commercial banks and insurance companies that listed on Amman Stock Exchange (ASE) from 2011 to 2019. Based on the Fixed Effect Model (FEM) with Driscoll-Kraay standard errors, the empirical results show that cash flows from operating activities per share had a positive and significant relationship with shareholder value, whereas both the cash flows from investing and financing activities per share had negative but insignificant relationship with shareholders’ value. Results also show that capital structure had a negative but insignificant relationship with shareholder value. Finally, the results indicate that dividend per share had a positive and significant relationship with shareholder value. Accordingly, decision-makers should direct cash to efficient investment projects in order for cash outflows from investing activities to create value to shareholders and to generate positive cash flows from financing activities. Similarly, an appropriate capital structure should be selected to create value for shareholders. DOI: 10.5267/j.ac.2021.1.007 Keywords: Shareholder value, Cash flows per share, Capital structure, Book leverage, FEM, Driscoll-Kraay standard errors
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4. |
Tax burden and economic growth in Lesotho: An estimate of the optimal tax burden
, Pages: 525-534 Nthabiseng Koatsa, Ch. Paramaiah and Manaka Scona PDF (650K) |
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Abstract: Lesotho faces fiscal deficits due to high government expenditure as characterized by the huge wage bill regarded as one of the highest in the world (UNICEF, 2018). The aim of this research paper is to investigate the tax revenue impact as a share of Gross Domestic Product (GDP) on economic growth in Lesotho. This research is provoked by the theoretical postulations and empirical evidence that their relationship is positive up to a certain optimal level which is the point at which economic growth rate is maximized. The study used data from 1988 to 2017 to investigate the relationship between tax burden and economic growth in Lesotho by applying the log-linearized model of Scully’s tax optimization model transformed into an ARDL bounds testing framework. Granger causality test and error correction model was employed to investigate the long run relationship between tax burden and economic growth in Lesotho. The findings of study revealed a long-run relationship between economic growth rate and tax burden with a unidirectional causality running from economic growth to tax burden. Granger causality revealed no causal effect running from tax burden to economic growth in Lesotho despite expectation of significant causal effect following both theoretical and empirical literature from various studies. Error correction results further supported a co-integrating relationship running from economic growth to tax burden with 100 percent speed of adjustment in the short-run towards a long-run equilibrium level. An optimal tax burden could not be established as the variables of interest were negative and insignificant signifying the insignificance of tax policy in stimulating the economic performance. DOI: 10.5267/j.ac.2021.1.006 Keywords: Tax burden, Tax rate, Economic growth and optimal tax
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5. |
Environmental cost accounting and financial performance: The mediating role of environmental performance
, Pages: 535-544 Hamzah Al-Mawali PDF (650K) |
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Abstract: This study aims to investigate both the direct and indirect relationships between Environmental Cost Accounting (ECA), Environmental Performance (EP) and Financial Performance (FP). The samples are companies listed in the industrial sector of Amman Stock Exchange. Subjective data using questionnaire are collected to measure ECA and EP, and objective data are obtained from the companies’ annual reports to measure FP. The author used structural equation modeling to analyze the data. The results showed that ECA positively affected EP and FP, also ECA positively affected EP. Moreover, the results confirmed the mediation role of EP on the direct relationship between ECA and FP. This study contributes to the management accounting literature and contingency theory by using structural equation modeling to examine the above-mentioned relationships, which have been neglected in previous studies, and by analyzing more recent data from a developing country perspective. The results will be useful for practitioners in Jordan, especially for management in the industrial companies and the Ministry of Environment. DOI: 10.5267/j.ac.2021.1.005 Keywords: Environmental Cost Accounting, Financial Performance, Environmental Performance, Mediation, Objective Measurement, Subjective Measurement, Jordan
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6. |
Religiosity as a moderating variable on the effect of love of money, Machiavellian and equity sensitivity on the perception of tax evasion
, Pages: 545-552 Pande Putu Ditha Purnamasari, Maria M. Ratna Sari, I Made Sukartha and Gayatri PDF (650K) |
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Abstract: This study aims to obtain an empirical evidence on how religiosity is moderating the effect of love of money, Machiavellian, and equity sensitivity on the perception of tax evasion. The populations in this study are individual taxpayers registered in all Pratama tax offices in Bali. Sampling was determined using the probability sampling method with proportional stratified random sampling technique. This study uses 400 research samples. The data analysis technique used is multiple linear regression analysis and moderated regression analysis. The test results provide empirical evidence that love of money and Machiavellian have a positive effect on the perception of tax evasion, however, equity sensitivity has no effect on the perception of tax evasion. The results of subsequent tests provide empirical evidence that intrinsic religiosity and extrinsic religiosity can moderate the effects of love of money, Machiavellian, and equity sensitivity on perceptions of tax evasion. DOI: 10.5267/j.ac.2021.1.004 Keywords: Tax Evasion and Avoidance, Demand for Money, Equity
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7. |
Timeliness of corporate annual financial reporting in Indonesian banking industry
, Pages: 553-562 Wahyu Murti PDF (650K) |
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Abstract: The financial performance of the banking sector globally can be seen on the capital markets of each country. One of the important sources of information in the investment business on the capital market is the financial reports that are provided by every company going public. The objectives of this study are (1) to determine the simultaneous and partial effect of liquidity factors, Debt Equity Ratio, company size on timeliness of financial reporting in the banking sector in Indonesia. (2) to determine what factors are dominant in the timeliness of financial reporting in the banking sector in Indonesia. This research uses secondary data with panel data analysis method. The results show the liquidity variable, Debt Equity Ratio and firm size positively influence on timeliness of financial reporting in the banking sector in Indonesia. Firm Size is the dominant factor that has a significant positive effect on the Timelines Financial Report of the banking sector in Indonesia. The findings of this research are that increasing liquidity, Debt Equity Ratio and Firm Size can increase the Timelines Financial Report of the banking sector in Indonesia. Firm Size as the dominant factor is the attraction and driving force for the Timelines Financial Report banking sector in Indonesia. The research can be used as a reference for future researchers on identifying efforts of the influence of Liquidity, Debt to Equity Ratio, Firm Size and Timelines Report. DOI: 10.5267/j.ac.2021.1.003 Keywords: Debt Equity Ratio, Firm Size, Liquidity, Timelines Financial Report
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8. |
Factor determinants of the consumer market development
, Pages: 563-572 Svitlana Shults, Nazariy Popadynets, Iryna Bilyk, Dmytro Teslya, Nataliya Kosar, Olena Karpii and Nadiya Kubrak PDF (650K) |
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Abstract: This paper substantiates that increasing the capacity of the consumer market is an important direction of the life quality improvement policy. Its implementation is the major strategic priority of all reforms in Ukraine. Based on the methods of economic and mathematical modeling, namely constructing the linear multiple regression equation, the level of impact of stimulating and destimulating factors on the consumer capacity of the oblasts of the Carpathian region is determined. DOI: 10.5267/j.ac.2021.1.002 Keywords: Factor, Consumer Market, Carpathian Region, Consumer Goods, Consumer Capacity
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9. |
Specialist tenure of audit partner and audit quality
, Pages: 573-580 Zaenal Fanani, Virmey Mustika Fitriya Budi and A. A. Gde Satia Utama PDF (650K) |
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Abstract: This study aims to determine the ability of the audit quality provided by audit partners to be influenced by seasoned and unseasoned specialists using the Ordinary Least Square (OLS) regression method and discretionary loan loss provision (DLLP). This study shows that the audit quality provided by a specialist partner auditor is higher than the non-specialist. Furthermore, after classifying the specialist partner auditors as seasoned and unseasoned, the results showed that the audit quality provided by seasoned specialist partner auditors is higher than the non-specialist. While the audit quality provided by the unseasoned specialist partner auditor is almost the same as those provided by the non-specialist. This study contributes to literature on specialist auditors. The longer the audit partner is classified as a specialist, the higher the audit quality. Therefore, it can improve the quality of financial statements. DOI: 10.5267/j.ac.2021.1.001 Keywords: Audit Quality, Seasoned, Unseasoned, Audit partner, Discretionary accrual
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10. |
The expected impact of applying IFRS (17) insurance contracts on the quality of financial reports
, Pages: 581-590 Ahmad Dahiyat and Walid Owais PDF (650K) |
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Abstract: This study aimed to explore the expected effect of applying the International Financial Reporting Standard (IFRS) 17 Insurance Contracts on the quality of financial reports. The study followed the exploratory descriptive analytical approaches. A questionnaire was developed and distributed to a sample of 120 financial employees in all insurance companies in Jordan. It concluded that the expected impact of applying the standard on the quality of financial reports was significant, especially on the comparability of financial reports, and faithful representation. It was found that there is an expected, statistically significant and positive effect between the application of the standard, and the quality of financial reports in general, and the expected influence of applying the standard and each of comparability, faithful representation, relevance, verifiability, timely, and understandability respectively. The study recommends the application of the standard in the specified time, work to create appropriate conditions, and the need to follow objective assumptions from the company's management for the estimation of cash flows when applying the standard. DOI: 10.5267/j.ac.2020.12.021 Keywords: IFRS 17, Quality of Financial reporting, Insurance Companies, Insurance Contract, Jordan
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11. |
A new method to measure production spoilage and its effect on cost reduction
, Pages: 591-600 Mohammad AL-Dahiyat, Ismail AL-Tkryty and Bassam Jaara PDF (650K) |
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Abstract: The current study proposes a new method to account for production spoilage in process costing system, not previously discussed in cost accounting literature and/or textbooks. It differs from traditional methods discussed in cost accounting textbooks in determining normal spoilage units and assignment of production cost. The study used data from a real factory that makes men’s suits for January 2018 to illustrate and explain the proposed method and its impact on cost reduction. The obtained results prove the study proposition that traditional methods to account for production spoilage overstate normal spoilage cost, and hides or understate actual abnormal spoilage. The proposed method reduced normal spoilage cost by 27%, compared to traditional methods. Thus, the significant reduction in normal spoilage resulted also in a cost reduction of good units manufactured. In addition, the abnormal spoilage cost under the proposed method increased by 35% thus, it would be noticeable by management to focus on, control and eliminate. The study recommends that manufacturing firms adopt the proposed method to account for production spoilage as it is more accurate and helps management focus on production spoilage and take corrective actions to control and eliminate. DOI: 10.5267/j.ac.2020.12.020 Keywords: Production spoilage, Production cost, Cost management, Cost reduction, Innovative cost method
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12. |
Profitability of energy sector companies of Saudi Arabia: Mutual analysis based on revenue and investment
, Pages: 601-608 Anis Ali and Mohammad Zulfeequar Alam PDF (650K) |
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Abstract: The profitability of the business organization is the relative measurement and explores the profit earning capacity. There are two concepts of measuring profitability, which are profitability based on revenue, and investments. Gross and net profitability are the means of expression of the profitability based on revenue while investment profitability can be measured based on owners’ investment and total investment or total assets. Secondary data from the websites of the energy sector companies are taken for the study and ratio analysis, rank correlation is applied to get the similarity or differences in the profitability and relational relationship of the energy sector companies of Saudi Arabia. The study reveals that there was a significant difference in the profitability of the energy sector companies. Possibly, internal and external factors of the business organizations govern the profitability. There is a perfect and positive relational correlation between revenue and profitability while a highly negative correlation exists between profitability and investments. This may be due to overcapitalization or underutilization of the resources. Enhancement of velocity of operational activity is necessary to enhance the operational level of energy sector companies of Saudi Arabia. There is a need to control the indirect manufacturing and administrative expenses in smaller organizations and further investment in the energy sector companies is not advisable. DOI: 10.5267/j.ac.2020.12.019 Keywords: Profitability, Energy companies, Saudi Arabia, Rank correlation, Total resources, Owners’ equity
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13. |
Cost of corruption and efficiency in employment of firms: The case in Vietnam
, Pages: 609-614 Vu Cam Nhung and Lai Cao Mai Phuong PDF (650K) |
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Abstract: This paper examines the impact of corruption on employers' efficiency in Vietnamese firms. The Generalized Least Square (GLS) estimation method was used for data sets surveyed for Vietnamese firms in 63 localities. The research results show that the unofficial costs in the industry and the total informal costs accounting for 10% or more of revenue will negatively affect the labor efficiency of these enterprises. For costs related to administrative procedures, businesses accept to pay these fees in order to save waiting time and it contributes to increase the efficiency of employers in businesses. In addition to the corruption factor, the study also shows that the number of employees, the location of operation, the average value of fixed assets per employee and the return on equity also affect the efficiency of use. employees in Vietnamese enterprises. DOI: 10.5267/j.ac.2020.12.018 Keywords: Corruption, Fixed assets, Firm size, Informal costs, Productivity
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14. |
Malaysian private entity reporting standard (MPERS) implementation for small and medium enterprises (SMEs)
, Pages: 615-620 Nurul Nazlia Jamil and Siti Nur Ayuni Rusli PDF (650K) |
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Abstract: Malaysian Private Entity Reporting Standard (MPERS) serves as new reporting framework to private entities and significant milestone to the capital market. The qualification for first-time MPERS adoption is incremental and it is important to prepare in advance for private entities if they intend to move to the MPERS or MFRS framework in the near future. A common question that private entities may ask is how far-reaching or how reliable the current Private Entity Reporting Standards (PERS) Framework is comparable to the new MPERS or MFRS framework. The adoption of MPERS is retrospective. The purpose of the analysis is to analyze the implementation of MPERS on small medium enterprises (SMEs) and how they perceive the implementation. The study covers all sectors of the SME sector, namely services, manufacturing, agriculture, construction, mining and quarrying, and is subdivided into Micro, small and medium and in three categories. These sectors were selected based on the SMEs landscape of Malaysia following the issuance of MPERS on February 14, 2014. There were 55 of SMEs participated in this research by answering the questionnaire. The study evaluated using linear regression and the measures of research are based on the factors described in the literature review, influence the variables. Hence, the SMEs experiences have the potential to make respondent’s perception of MPERS also agreeable. The implications of the research highlighted that the implementation of the MPERS still at the infancy level as there are few challenges faced by the SMEs regards to the implementation. Therefore, the regulators and standard setter can identify the challenges and provide appropriate assistance to ensure the financial reports are fairly presented. DOI: 10.5267/j.ac.2020.12.017 Keywords: Malaysian Private Entity Reporting Standard (MPERS), Accounting, Small and Medium Enterprises (SMEs), Financial Reporting, Malaysia
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15. |
Impact of human resource accounting on organizations’ financial performance in the context of SMEs
, Pages: 621-628 Sania Khan PDF (650K) |
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Abstract: This study aims to investigate the impact of human resource accounting (HRA) on the overall performance of the organization. By presenting the details of HRA the study identifies various dimensions of organizations’ financial aspects viz., human capital efficiency, organization profitability, return on asset, and return on equity. To understand the impact of various measurements, the study collected required data from 268 responses of human resource and finance departments of SME firms and analyzed the data using linear regression and the result of ANOVA and coefficient values illustrated there is a positive significant effect of HRA on human capital efficiency, organization profitability and return on equity. This is evident that the SME firms in Saudi Arabia are aware of the benefits on HRA of the organization and the only concern is it needs rapid implementation initiatives from the management which is possible with wide awareness across the nation. However, there is no significant effect of HRA on return on assets. This study contributes to the SME firms, human resource departments, and managerial decision-makers to understand the HRA concept and its usefulness to a make positive difference in their financial statements. DOI: 10.5267/j.ac.2020.12.016 Keywords: Human resource accounting, Human capital efficiency, Financial performance, Organization profitability, Return on assets, Return on equity
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16. |
The effect of XBRL adoption on information symmetry in companies’ financial reports through knowledge management: Perceptions of employees of the Jordan securities commission
, Pages: 629-634 Tareq O. Bani-Khalid, Abdelrahman K. El-Dalabeeh and Abdullah M Al-Adamat PDF (650K) |
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Abstract: The aim of this study is to investigate the impact of XBRL adoption on information symmetry in the presence of knowledge management as a mediating variable. Data were collected using a questionnaire distributed to all employees working at the Jordan Securities Commission (JSC). Applying the partial least squares method via SmartPLS-3, the results pointed out that the XBRL had significant positive direct effects on knowledge management and information symmetry, knowledge management had a significant positive direct effect on information symmetry. Hence, a partially mediating significant effect of knowledge management was detected between the XBRL and information symmetry. Accordingly, the study recommended governmental legislative bodies to continue supporting XBRL adoption to improve the quality of financial information. The study also recommends understanding the perceptions of preparers and users of financial statements about challenges that hinder the adoption of XBRL in various commercial sectors in order to improve the consistency of informational content in annual reports. DOI: 10.5267/j.ac.2020.12.015 Keywords: XBRL, Information symmetry, Knowledge management, Securities Commission, Jordan
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17. |
Board characteristics, ownership structures and firm R&D intensity
, Pages: 635-644 Te-Kuang Chou and Lee-Anne Johennesse PDF (650K) |
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Abstract: This study explores the impact of board characteristics and ownership structures on the strategic decisions taken for R&D investment. The study employs a sample comprising 1736 firm-year observations of 434 technological firms listed on the Taiwanese Stock Exchange (TWSE) between 2014 and 2017. Contrary to extant research, the findings reveal that board independence plays a crucial role relative to R&D intensity, as strong evidence reflects a positive and significant relationship thereon. Moreover, the empirical results demonstrate negative and significant relationships between CEO Duality, Board size (in big companies), Executive & Manager, Board of Directors and Top Blockholders; ownership structures, and firm R&D intensity. Interestingly, the ownership structure results emerging from this Taiwanese contextual study support, and are consistent with the predictions of the ‘entrenchment argument’ and are counter to the ‘convergence of interest’ argument. The findings emerging from this research provide an opportunity for further discussion and analysis regarding corporate governance principles and regulations. Firms seeking to optimize their R&D policy imperatives may benefit from such a study. DOI: 10.5267/j.ac.2020.12.014 Keywords: Board Characteristics, Ownership Structures, Strategic Decision Making, R&D Intensity
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18. |
Influences of the environmental factors on the intention to adopt cloud based accounting information system among SMEs in Jordan
, Pages: 645-654 Malek Hamed Alshirah, Abdalwali Lutfi, Ahmad Farhan Alshira’h, Mohamed Saad, Nahla Mohamad El Sayed Ibrahim and Fatihelelah Mohammed Mohammed PDF (650K) |
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Abstract: The objective of this study is to examine the role of external factors including MP, CP, and NP on the intention to adopt Cloud Based Accounting Information System (CB-AIS). The study proposes a theoretical framework based on institutional theory (INT). The data were collected from small and medium sized enterprise (SMEs) operating in Jordan. A total of 600 questionnaires were distributed to selected SMEs and only 142 were returned and used for the analysis. The empirical data were analyzed using the PLS-SEM modelling. The findings showed that MP, CP, and NP had significant direct associations with the CB-AIS intention to adopt. The results provide important insights to managers, researchers and policymakers to help them understand the importance of CB-AIS adopting to enhance firm performance. DOI: 10.5267/j.ac.2020.12.013 Keywords: CB-AIS, Institutional Theory, Mimetic pressure, Coercive pressure, Normative Pressure, SMEs, Jordan
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19. |
The effect of tax revenues on GDP growth in Jordan
, Pages: 655-660 Khaled Abdalla Moh'd AL-Tamimi and Ashraf Bataineh PDF (650K) |
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Abstract: The research aims to identify the impact of tax revenues on the growth of the gross domestic product (GDP) in Jordan during the period 2000-2018. The research reaches a set of results, which is that the greater the value of tax revenues by one unit, the greater the value of the GDP in Jordan by 7.257 units during the same period. There is also a positive effect of tax revenues on the growth and increase of the GDP in Jordan, however, there is no common integration between tax revenues and the GDP in Jordan. Moreover, there is a correction from the short term to the long term and there is an effect of the long-term correction of the relationship between tax revenues and the GDP during the study period. The study recommends the need to work to facilitate the procedures for individuals to pay taxes through modern technological means, work to develop and simplify tax services and raise the level of transparency in tax dealings with all individuals, the need to make amendments to the tax law in order to match the living conditions of individuals and achieve the highest efficiency in collecting due taxes, increasing tax exemptions that are offered to foreign investment to encourage them for investments in all economic, commercial, service and industrial fields in Jordan, working to diversify sources of income for the Jordanian economy and not to rely entirely on tax revenues as a primary source of income. DOI: 10.5267/j.ac.2020.12.012 Keywords: Tax Revenue, Growth of gross domestic product, Financial resources, Investments
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20. |
The effect of working capital management, fixed financial asset ratio, financial debt ratio on profitability in Indonesian consumer goods sector
, Pages: 661-666 Metya Kartikasary, Frihardina Marsintauli, Martogi Sitinjak, Sebastianus Laurens, Eka Novianti and Roni Situmorang PDF (650K) |
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Abstract: The purpose of this study is to analyze the impact of working capital management, fixed assets and debt ratio on company profitability. The study uses a sample of consumer goods sector companies listed on the Indonesia Stock Exchange from 2017 to 2019. The researchers use working capital management by the number of number of days account receivable (ARDays), the number of days Account Payable (APDays), the number of days inventory (INVDays), the Fixed Financial Asset Ratio (FA), and the Financial Debt Ratio (FD) with profitability by using gross profit (GP). Researchers used the secondary data obtained from the Indonesia Stock Exchange (IDX) on yearly basis and process the data statistics with multiple regression by SPSS 20. The population of this research includes 54 companies and the total sample covers 46 companies by passing the purposive sampling stage. The results of this study indicate that there was a significant relationship between working capital management, FA ratio and profitability while FD ratio had no effect on profitability. DOI: 10.5267/j.ac.2020.12.011 Keywords: Working capital, Fixed asset, Profitability
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21. |
Financial development and poverty reduction in developing countries
, Pages: 667-674 Zulher and Cicih Ratnasih PDF (650K) |
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Abstract: The poverty becomes a serious problem because of the impact it causes. The factors that affect poverty are economic growth, low education, the limitation of natural resources, the limitation of employment opportunities, capital, and family burdens. All of these factors constitute a vicious circle in the problem of poverty. The problems studied are lag-1 investment, lag-2 investment, employment opportunities, and provincial minimum wages and their effects on the poverty rates in Riau Province, Indonesia. The fundamental problem faced by Riau Province today is the high level of poverty amidst government policies that have not met the expectations. The purpose of this study is to analyze government policies in order to reduce the poverty. The research method used was an explanatory study or hypothesis testing study that aims to explain and test hypotheses for the relationship among variables. The relationship described is a causal (cause-effect) relationship. The data were arranged in the form of time series during 1997-2018. The research model was formulated as a linear function based on the Nerlove's Partial Adjustment Model approach and was recursively analyzed using linear regression through the Ordinary Least Square (OLS) method. The findings of this research model are lag-1 investment, lag-2 investment, employment opportunities, and provincial minimum wages have a significant effect on the poverty rate in Riau Province. DOI: 10.5267/j.ac.2020.12.010 Keywords: Investment t-1, Investment t-2, Provincial Minimum Wages, Job Opportunities, Poverty
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22. |
The economic growth and affecting factors in Sumatera island
, Pages:675-682 Yolanda, Patria Nagara, Sumarni and Efiani PDF (650K) |
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Abstract: The indicators of success in macro development can be measured from the economic growth, which is reflected in changes in the Gross Regional Domestic Product (GRDP). The factors which affect the economic growth are very complex. This study analyzes the economic growth and the factors that affect Sumatra island. The data used is panel data with descriptive analysis techniques and multiple linear regression. Based on the research results: Education, economic openness, road infrastructure, and investment have a positive and significant effect on economic growth and poverty and unemployment have a negative and significant effect on economic growth. Besides, the results of panel data explained that the openness of the economy to economic growth is very low, while the highest is education. DOI: 10.5267/j.ac.2020.12.009 Keywords: Education, Economic openness, Road infrastructure, Investment, Poverty, Unemployment, Economic Growth, OLS method
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23. |
The role of the coffee industry in sustainable economic development in Vietnam
, Pages: 683-690 Hong Anh Thi Nguyen and Thu Hang Thi Vo PDF (650K) |
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Abstract: The aim of this research is to analyze the impact of coffee industry on economic growth of Vietnam. This research has used historic data for coffee production, consumption, exports, and coffee stock for Vietnam, thus this research has followed a quantitative design. The data in this research has been collected from the time period ranging from 1990 to 2018. There are several techniques that were applied in E-views such as descriptive statistics, bounds test, and autoregressive distributed lag model. The results of ARDL model indicate that in the short run coffee industry has an influence on the economic growth in Vietnam. It can be stated that for the short-run the null hypothesis is rejected stating that domestic consumption, exportable consumption, gross opening stock, and total coffee production have impacts over the gross domestic product (GDP) of Vietnam. The results of Bounds test show there is a significant impact of coffee industry on the economic growth of Vietnam in the long run as well. DOI: 10.5267/j.ac.2020.12.008 Keywords: Coffee Industry, Sustainable development, Economic growth
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24. |
An integrated model of financial well-being: The role of financial behavior
, Pages: 691-700 Rr. Iramani and Lutfi Lutfi PDF (650K) |
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Abstract: One of the main goals of every individual or household is to achieve financial well-being. Previous research has shown that various factors influence financial well-being. This research aims to develop an integrated family financial welfare model by examining various factors that affect it. This study uses data of 1,158 households taken using an online survey. The data is analyzed using a structural equation model. The results show that financial experience, financial knowledge, financial status, and marital status directly affect financial well-being. Financial behavior significantly mediates the influence of financial behavior, financial knowledge, and locus of control on financial well-being. Furthermore, marital status strengthens the effect of financial knowledge on financial well-being, but it does not strengthen the effect of financial experience on financial well-being. This study suggests that the Government and financial authorities need to improve further the effectiveness of financial literacy and financial inclusion programs and campaign for a more frugal life among households to avoid financial difficulties. DOI: 10.5267/j.ac.2020.12.007 Keywords: Financial behavior, Financial well-being, Indonesian household behavior
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25. |
Accounting improving the costs and business process management in transportation to a third party
, Pages: 701-708 Heyder G Wannes Alkarawy, and Ezdehar J. Mohammed AL-Kuwair PDF (650K) |
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Abstract: The status process and the multiplicity occur in the economic environment in the Republic of Iraq within the organization of work for companies and change towards the best new types of special operations through accounting and administrative methods to reduce costs. The paper opted the decision on the use of outsourcing and defined comprehensive evaluation criteria for the effectiveness of outsourcing - the outsourcing factor (Fout), which takes into average values obtained for the estimates of relative parameters to be interpreted on the Harrington scale translated into a ten-point system. The authors rely data analyses of business processes based on a sample from one of the industrial companies operating in the Republic of Iraq, which is the State Company For Implementation (SCI), in the Republic of Iraq, in the demonstrated the need to transfer it to full outsourcing & partial outsourcing and actually execution. This has a positive impact on the company's main financial and economic indicators and increase their competitiveness in the market, which has been the focus of many research studies. The study itself brings a unique method in theory and practice, which can be used by other companies, to deduce the implications of business organization to decision makers who are seeking for the best types of new special operations, which contributes to raising its competitiveness in the market. DOI: 10.5267/j.ac.2020.12.006 Keywords: External source, Business organization, Commercial operations
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