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2019

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Full-Text Articles in Finance

The Contribution Of Islamic Banks Towards The Achievement Of Sustainable Development Goals: The Case Of Indonesia, Nunung Ghoniyah Dec 2019

The Contribution Of Islamic Banks Towards The Achievement Of Sustainable Development Goals: The Case Of Indonesia, Nunung Ghoniyah

Economics and Finance in Indonesia

This study aims to strengthen the opinion that the main goal of Islamic banks is not to obtain profit, but rather to improve the standards of living. In this study, the evidence is obtained by processing secondary data on Islamic banks in Indonesia during the period of 2011 to 2017 by using panel data regression model. The results of the data analysis support the hypothesis that banks whose goals are aimed at falah will demand lower payment obligations from customers, allowing the customers to manage funds in the real sector. The implication is also strengthened by good financial quality control, …


The Effect Of School Operational Assistance Program On Investment In Education By Households: Evidence From Indonesia, Nia Pramita Sari Dec 2019

The Effect Of School Operational Assistance Program On Investment In Education By Households: Evidence From Indonesia, Nia Pramita Sari

Economics and Finance in Indonesia

The School Operational Assistance Program, referred to as BOS, is a demand intervention program indirectly provided by the government of Indonesia to students through schools, started in July 2005. This paper examines the impact of BOS on educational investment by households and other expenditure such as food and non-food consumption. Using the observations of 1,161 households with at least one member studying in public school from the fourth wave of the Indonesian Family Life Survey (IFLS 4), we discover that BOS is effective in relaxing household's budget constraint, thus increasing educational investment by households. We also discover that households with …


Book Review: Indonesia's Digital-Based Economic Transformation: The Emergence Of New Technological, Business, Economic, And Policy Trends In Indonesia, Anika Widiana Dec 2019

Book Review: Indonesia's Digital-Based Economic Transformation: The Emergence Of New Technological, Business, Economic, And Policy Trends In Indonesia, Anika Widiana

Economics and Finance in Indonesia

No abstract provided.


تحالف العلامة التجارية وعلاقته بأدراك الزبائن العراقيين لمنتجات شركات السيارات دراسة تحليلية لعينة من زبائن شركتي هيونداي وكيا من العراقيين, احمد منخي كشيش Dec 2019

تحالف العلامة التجارية وعلاقته بأدراك الزبائن العراقيين لمنتجات شركات السيارات دراسة تحليلية لعينة من زبائن شركتي هيونداي وكيا من العراقيين, احمد منخي كشيش

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


دور المعرفة التسويقية في تحسين القدرة التنافسية دراسة تطبيقية على الصناعات الكهربائية الأردنية, ظاهر رداد قرشي Dec 2019

دور المعرفة التسويقية في تحسين القدرة التنافسية دراسة تطبيقية على الصناعات الكهربائية الأردنية, ظاهر رداد قرشي

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


مدى مساهمة معوضات القيادة في التأثير بجاذبية الايدلوجية التنظيمية لكليات الأهلية بحث تحليلي لآراء عينة من التدريسين في الكليات الاهلية في محافظة كربلاء, ضياح فالح بناي Dec 2019

مدى مساهمة معوضات القيادة في التأثير بجاذبية الايدلوجية التنظيمية لكليات الأهلية بحث تحليلي لآراء عينة من التدريسين في الكليات الاهلية في محافظة كربلاء, ضياح فالح بناي

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


تحليل وقياس أثر العوامل التي تحدد سعر الصرف في العراق, عاطف لافي مرزوك, اكرم نعمة علي Dec 2019

تحليل وقياس أثر العوامل التي تحدد سعر الصرف في العراق, عاطف لافي مرزوك, اكرم نعمة علي

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


الفساد الاداري والمالي في القطاع الصحي واثره على تحقيق التنمية المستدامة بحث تطبيقي في احدى دوائر الصحة, حنان عبد الامير كاظم Dec 2019

الفساد الاداري والمالي في القطاع الصحي واثره على تحقيق التنمية المستدامة بحث تطبيقي في احدى دوائر الصحة, حنان عبد الامير كاظم

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


دور الحوكمة الالكترونية في تحقيق التقدير الذاتي للتحاسب الضريبي في الشركات العراقية دراسة تطبيقية لعينة من الشركات الصناعية المدرجة في سوق العراق للأوراق المالية, ليلى بدوي مطوطك Dec 2019

دور الحوكمة الالكترونية في تحقيق التقدير الذاتي للتحاسب الضريبي في الشركات العراقية دراسة تطبيقية لعينة من الشركات الصناعية المدرجة في سوق العراق للأوراق المالية, ليلى بدوي مطوطك

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


استعمال بطاقة العلامات المتوازنة في تقويم الأداء بحث تطبيقي في محطة انتاج الكهرباء في السماوة, عصام حميد الشايع, ستار جبار مبيدر Dec 2019

استعمال بطاقة العلامات المتوازنة في تقويم الأداء بحث تطبيقي في محطة انتاج الكهرباء في السماوة, عصام حميد الشايع, ستار جبار مبيدر

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


دور التكامل بين تقنيتي بطاقة العلامات المتوازنة وإعادة هندسة العمليات في تقويم وتحسين الأداء الاستراتيجي دراسة تطبيقية في مصنع إطارات الديوانية للمدة (2016-2017), علي تحسين كاظم الخفاجي Dec 2019

دور التكامل بين تقنيتي بطاقة العلامات المتوازنة وإعادة هندسة العمليات في تقويم وتحسين الأداء الاستراتيجي دراسة تطبيقية في مصنع إطارات الديوانية للمدة (2016-2017), علي تحسين كاظم الخفاجي

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


دور جودة الابلاغ المالي في جذب الاستثمار الاجنبي المباشر دراسة استطلاعية لاراء عينة من موظفي هيئة استثمار المثنى, علي ناظم عبد الامير الشيخ Dec 2019

دور جودة الابلاغ المالي في جذب الاستثمار الاجنبي المباشر دراسة استطلاعية لاراء عينة من موظفي هيئة استثمار المثنى, علي ناظم عبد الامير الشيخ

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


قاعدة محاسبية محلية مقترحة للمحاسبة عن عقود الايجار, ليث جواد كاظم, عادل حميد صنكور, وعد هادي عبد الحساني Dec 2019

قاعدة محاسبية محلية مقترحة للمحاسبة عن عقود الايجار, ليث جواد كاظم, عادل حميد صنكور, وعد هادي عبد الحساني

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


القطاع الزراعي ودوره في معالجة البطالة في محافظة المثنى للمدة من 2003-2017, مقداد جاسم عبد, وضاح رحيم راهي, حيدر طالب موسى Dec 2019

القطاع الزراعي ودوره في معالجة البطالة في محافظة المثنى للمدة من 2003-2017, مقداد جاسم عبد, وضاح رحيم راهي, حيدر طالب موسى

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


اثر قياس كفاءة راس المال الفكري على الأداء المالي للوحدات الاقتصادية دراسة في عينة من الشركات الصناعية المدرجة في سوق العراق للأوراق المالية, علي عبد الرزاق العبودي, سعود جايد مشكور, جعفر فالح ناصر Dec 2019

اثر قياس كفاءة راس المال الفكري على الأداء المالي للوحدات الاقتصادية دراسة في عينة من الشركات الصناعية المدرجة في سوق العراق للأوراق المالية, علي عبد الرزاق العبودي, سعود جايد مشكور, جعفر فالح ناصر

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


راس المال الروحي: منظور معاصر لاستنهاض سلوك المواطنة التنظيمية: من خلال الدور الوسيط للملكية النفسية, كمال كاظم الحسيني Dec 2019

راس المال الروحي: منظور معاصر لاستنهاض سلوك المواطنة التنظيمية: من خلال الدور الوسيط للملكية النفسية, كمال كاظم الحسيني

Muthanna Journal of Administrative and Economics Sciences

No abstract provided.


Did The Adoption Of Ifrs Affect Corporate Tax Avoidance?, Oliver Nnamdi Okafor, Akinloye Akindayomi, Hussein Warsame Dec 2019

Did The Adoption Of Ifrs Affect Corporate Tax Avoidance?, Oliver Nnamdi Okafor, Akinloye Akindayomi, Hussein Warsame

School of Economics and Finance Faculty Publications

This article investigates whether the adoption of international financial reporting standards (IFRS) affected corporate tax avoidance in Canada. Based on a 3,200 firm-year data set of 400 publicly listed Canadian firms that adopted IFRS and 400 listed US firms, matched one-to-one using propensity score matching, the authors’ regression results show that IFRS adoption was followed by a decrease in corporate tax avoidance in Canada, at least in the short run. The study finds a significant increase in cash tax paid in the post-adoption period by Canadian firms that adopted IFRS compared to US firms that used US generally accepted accounting …


Understanding Us Firm Efficiency And Its Asset Pricing Implications, Giovanni Calice, Levent Kutlu, Ming Zeng Dec 2019

Understanding Us Firm Efficiency And Its Asset Pricing Implications, Giovanni Calice, Levent Kutlu, Ming Zeng

School of Economics and Finance Faculty Publications

We investigate the links between firm-level total factor productivity (TFP) growth and technical efficiency change, and their implications on firm-level stock returns. We estimate TFP growth of US firms between 1966 and 2015 and decompose TFP growth into returns to scale, technical progress, and technical efficiency change components. We show that most of the variation in TFP growth is explained by variation in technical efficiency change. Moreover, we examine the effects of important macro- and micro-level factors on inefficiency as well as its asset pricing implications. We find that low-efficiency firms are more vulnerable to a wide class of aggregate …


Predicting Market Trends: Effects Of Gdp And Pmi On Changes In Stock Closing Prices, Charley Renna Dec 2019

Predicting Market Trends: Effects Of Gdp And Pmi On Changes In Stock Closing Prices, Charley Renna

Student Scholar Symposium Abstracts and Posters

In an effort to learn more about the impact of certain economic variables on the stock market, I chose to analyze the impact that the Purchasing Managers’ Index and U.S. Gross Domestic Product have on three major stock indices: S&P 500, Dow Jones Industrial Average, and Nasdaq 100. The PMI is an index of the direction of economic trends in the manufacturing and services sector. Released on the first business day of every month, it consists of a diffusion index that summarizes whether market conditions are expanding, staying the same, or contracting. An index level greater than 50 percent suggests …


Legal And Regulatory Framework For The Mortgage Industry In Nigeria, Kehinde Ogundimu Dec 2019

Legal And Regulatory Framework For The Mortgage Industry In Nigeria, Kehinde Ogundimu

Economic and Financial Review

This article examines the legal and regulatory framework for the mortgage industry in Nigeria. The article examines the concept of housing as a global need and provides an overview of the Nigerian Housing Market with a population of 183 million people and increasing rapidly, a huge housing deficit of around 17 million units. This is further compounded by a rapid rising need for housing by about 20 per cent a year in cities like Lagos, Ibadan, Kano, and Abuja. At least 700,000 housing units across different segments are needed annually to keep up with demand, whereas, production was around 100,000 …


Issues, Challenges, And Prospects In The Housing Sector: Operator’S Perspective, Festus Adebayo Dec 2019

Issues, Challenges, And Prospects In The Housing Sector: Operator’S Perspective, Festus Adebayo

Economic and Financial Review

This article provides an operator’s perspective on the issues, challenges, and prospects in the housing sector in Nigeria. Topics covered include existing housing situation in Nigeria; and issues and challenges affecting affordable housing in Nigeria. The article also examines the prospects for Nigeria housing sector and made key recommendations which include: Creating enabling policies around land title documentations; Fast track the passage of foreclosure bill into law to legally resolve default issues in the sector; Advance the ongoing partnership between the Mortgage Banking Association of Nigeria (MBAN) and the Central Bank of Nigeria (CBN) with regards to the underwriting standards …


The Land Use Act And The Nigerian Housing Sector, Yusuf Yahaya Dec 2019

The Land Use Act And The Nigerian Housing Sector, Yusuf Yahaya

Economic and Financial Review

The article discusses the Land Use Act and the and how it has affected developments in the Nigerian housing sector. Prior to the Land Use Act, all the existing tenure systems encouraged land holding without an obligation to develop them, fragmentation and uncoordinated alienation, hoarding speculatively for value appreciation and without precise documentation. Consequently, the Land Use Act was enacted to: make land easily accessible to all Nigerians; prevent speculative purchases of communal land; streamline and simplify the management and ownership of land; make land available to government at all levels for development; provide the system of government administration of …


Utilization Of Free Trade Agreement In Indonesia: Firm-Level Data Analysis Of The Yogyakarta Special Region, Nadira Asrifa Nasution Dec 2019

Utilization Of Free Trade Agreement In Indonesia: Firm-Level Data Analysis Of The Yogyakarta Special Region, Nadira Asrifa Nasution

Economics and Finance in Indonesia

This study aims to observe the utilization of Free Trade Agreement (FTA) in the Special Region of Yogyakarta. The findings are obtained by processing primary data collected from in-depth interviews and a survey of firms by applying descriptive analysis. The findings show that FTA is utilized by merely 44% of the total population of 64 firms in Yogyakarta. The benefits of FTA obtained by firms include market access, ease of processing custom documents, and lower preferential tariffs. However, the disadvantages include onerous document requirements, limited information, and difficulties in understanding regulations. Another issue related to the utilization of FTA concerns …


Corruption And Economic Growth In Asean Member Countries, Anisah Alfada Dec 2019

Corruption And Economic Growth In Asean Member Countries, Anisah Alfada

Economics and Finance in Indonesia

This study examines the effect of corruption on economic growth and determines the corruption threshold in nine ASEAN member countries in 1999-2016. This study assesses whether the effect of corruption is growth-enhancing or growth-deteriorating in different corruption threhsolds using a sample-splitting and threshold model. In contrast to the existing literature, this study does not group countries based on income level and therefore can reveal the corruption level of a country relative to a corruption threshold. The estimation results show that the adverse effect of corruption on economic growth is stronger for countries with corruption levels above the second threshold of …


An Ai Approach To Measuring Financial Risk, Lining Yu, Wolfgang Karl Hardle, Lukas Borke, Thijs Benschop Dec 2019

An Ai Approach To Measuring Financial Risk, Lining Yu, Wolfgang Karl Hardle, Lukas Borke, Thijs Benschop

Sim Kee Boon Institute for Financial Economics

AI artificial intelligence brings about new quantitative techniques to assess the state of an economy. Here, we describe a new measure for systemic risk: the Financial Risk Meter (FRM). This measure is based on the penalization parameter (λ" role="presentation" style="box-sizing: border-box; display: inline; font-style: normal; font-weight: normal; line-height: normal; font-size: 18px; text-indent: 0px; text-align: left; text-transform: none; letter-spacing: normal; word-spacing: normal; overflow-wrap: normal; white-space: nowrap; float: none; direction: ltr; max-width: none; max-height: none; min-width: 0px; min-height: 0px; border: 0px; padding: 0px; margin: 0px; position: relative;">λλ) of a linear quantile lasso regression. The FRM is calculated by taking the average …


The Unexpected Activeness Of Passive Investors: A Worldwide Analysis Of Etfs, Si Cheng, Massimo Massa, Hong Zhang Dec 2019

The Unexpected Activeness Of Passive Investors: A Worldwide Analysis Of Etfs, Si Cheng, Massimo Massa, Hong Zhang

Research Collection Lee Kong Chian School Of Business

The global ETF industry provides more complicated investment vehicles than low-cost index trackers. Instead, we find that the real investments of ETFs may deviate from their benchmarks to leverage informational advantages (which leads to a surprising stock-selection ability) and to help affiliated OEFs through cross-trading. These effects are more prevalent in ETFs domiciled in Europe. Moreover, ETF flows seem to respond to additional risk. These results have important normative implications for consumer protection and financial stability. (JEL G20)


Do Real Estate Agents Have Information Advantages In Housing Markets?, Sumit Agarwal, Jia He, Tien Foo Sing, Changcheng Song Dec 2019

Do Real Estate Agents Have Information Advantages In Housing Markets?, Sumit Agarwal, Jia He, Tien Foo Sing, Changcheng Song

Research Collection Lee Kong Chian School Of Business

We use a large housing transaction data set in Singapore to study whether real estate agents use information advantages to buy houses at bargain prices. Agents bought their own houses at prices that are 2.54% lower than comparable houses bought by other buyers. Consistent with information asymmetries, agent buyers have more information advantages in less informative environments, and agent buyers are more likely to buy houses from agent sellers. Agent discounts are from both “cherry picking” and bargaining power, and bargaining power contributes more to the agent discounts. Agents’ advantage consists in their information of available houses and previous purchase …


Finance And Ideology: The Firm-Level Channels, Hao Liang, Rong Wang, Haikun Zhu Dec 2019

Finance And Ideology: The Firm-Level Channels, Hao Liang, Rong Wang, Haikun Zhu

Research Collection Lee Kong Chian School Of Business

We provide firm-level evidence on how politicians’ ideologies affect economic outcomes and financial development by exploring a unique setting of ideological discontinuity in China from Maoism to Dengism around 1978. We find the ideological exposure during a politician’s early adulthood has an enduring effect on contemporary firm and city policies. Firms governed by “Mao’s mayors” have more stakeholder spending, lower pay inequality, and less internationalization than those governed by Deng’s. Further evidence suggests politicians’ ideology may affect economic activities through channels other than economic policy. Selection bias, endogenous matching and mayor age effect are unlikely to drive our results.


Long-Term Index Fund Ownership And Stock Returns, Ekkehart Boehmer, Wanshan Song, Ashish Tiwari, Zhe Zhang Dec 2019

Long-Term Index Fund Ownership And Stock Returns, Ekkehart Boehmer, Wanshan Song, Ashish Tiwari, Zhe Zhang

Research Collection Lee Kong Chian School Of Business

We examine the implications of stock ownership by index funds for shareholder value. Consistent with recent findings that stock ownership by passive funds contributes to improved governance, we document a strong positive relation between the duration of passive fund holdings and subsequent stock performance. This positive relation is more pronounced for firms with recent poor performance, and for smaller firms and firms with higher allocation weights in passive funds’ portfolios. Our results support the view that index funds, although passive in their investment decisions, successfully contribute to long-term value creation by actively engaging with firms on matters of governance.


Potential Weather Data Anomolies Within The Usda's Pasture Rangeland And Forage Insurance Program, Chad Steven Van Orden Dec 2019

Potential Weather Data Anomolies Within The Usda's Pasture Rangeland And Forage Insurance Program, Chad Steven Van Orden

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The purpose of this study is to delve into the functionality of the PRF insurance program. The primary goal is to uncover any underlying anomalies which may inadvertently skew data within the program. Because the USDA uses NOAA’s weather stations regardless of location or timing of activation, it is consequential that the collected precipitation data may be inconsistent across both time and space. This phenomenon could have substantial and significant effects on the RMA’s PRF insurance program, resulting in producers being compensated inaccurately for their insurance claims.