An Empirical Analysis

Top PDF An Empirical Analysis:

IFRS and Stock Returns: An Empirical Analysis in Brazil

IFRS and Stock Returns: An Empirical Analysis in Brazil

because of its role in facilitating between surplusfund unit (investors) and deficit fund unit (stock issuers) to trade” (Fauzi & Wahyudi, 2016). It is also important to note the relevance of stock market interactions (Narayan, Doytch, Nguyen, & Kluegel, 2016) and financial market integration since both benefits the development of a given financial system (Al Nasser & Hajilee, 2016). There is a positive relationship between stock market development and economic development (Karolyi, 2004). Nevertheless, “Market liberalization and capital market integration do not necessarily lead to an improvement in market efficiency” (Graham, Peltomäki, & Sturludóttir, 2015). During crash events, factors such as market risk, market capitalization, volatility, leverage and profitability are useful to understand the variations in the value of firms in the stock market (Fauzi & Wahyudi, 2016). Furthermore, politicians’ issues contain information that helps in analyzing the behavior of stock returns (Wisniewski, 2016). In this article, there are evidences that accounting convergence is another factor that seems to affect the relationship between accounting numbers and stock returns of emerging economies.
Baca lebih lanjut

6 Baca lebih lajut

an empirical analysis of the positive impact of ethics teaching

an empirical analysis of the positive impact of ethics teaching

vignettes provide significant advantages over other research instruments when investi- gating ethical principles and ethical behaviour (Cavanaugh and Fritzche, 1985). Within the accounting field, numerous studies in accounting ethics have used ethical vignettes (Douglas, Davidson and Schwartz, 2001; Patterson, 2001). The ethical vignettes in this study similarly describe possible ethical dilemmas that may arise in an accountant’s working environment. More recent studies, such as Fleischman, Valentine and Finn (2007) have utilised more detailed scenarios in ethical evaluations, which provide more information and business context. Fulmer and Cargile (2001) utilised one large case study in researching the possible impact of ethical codes of accounting professions on students’ attitudes. Whereas these larger scenarios/case studies have the advantage of being more thorough than vignettes, they were deemed too complex and time-consuming for the current participants to absorb, within the confines of the current experimental environment.
Baca lebih lanjut

17 Baca lebih lajut

An Empirical Analysis Of Asymmetric Duopoly In The Indonesian Crude Palm Oil Industry

An Empirical Analysis Of Asymmetric Duopoly In The Indonesian Crude Palm Oil Industry

On one hand, these changes may increase cost efficiency, as they increase economies of scale and scope, which in turn may benefit consumers through lower output prices. Noor et al. (2004) show that the cost of production index of fresh fruit bunches (FFB)—that is the output from the oil palm trees—steadily decreases from 100 to less than 80 with an increase in estate size from less than 100 ha to 3,500 ha. Similarly, the cost of processing index of CPO steadily decreases from 100 to 80 with an increase in CPO mill capacity from less than 20 tonnes of FFB/ hour to more than 50 tonnes of FFB/ hour. They show that, in general, non-integrated mills are more costly than their integrated counterparts. In addition, vertical integration between the oil palm estates and CPO mills allows the CPO mills to operate without interruption, which further increases the mills’ efficiency. On the other hand, the increase in market share and vertical integration of large private companies in this industry might also provide them with an ability to control market prices and exercise market power (Basri 1998; Pasaribu 1998; Rachbini 1998; Arifin 2001; Competition Indonesia 2001; Arifin 2002; Widjojo 2004; Syachrudin 2005). However, these allegations could not be supported by evidence.
Baca lebih lanjut

174 Baca lebih lajut

The Relationship of Education And ICT Determinants on Nation's Growth: An Empirical Analysis of Malaysia And Muslim Countries.

The Relationship of Education And ICT Determinants on Nation's Growth: An Empirical Analysis of Malaysia And Muslim Countries.

To spread and share knowledge, ICT plays an important role. Bucciarelli, Odoardi and Muratore (2010) reported that ICT is one of the stimulus for western countries in achieving advanced economic status. Previously, Andrew (2004) and Hava and Erturgut (2010) described on the importance of the wide use of ICT and its link with the country’s education. To achieve a well developed economy, the citizens must be well educated and well educated citizens usually equipped with advancement in science and technology.

9 Baca lebih lajut

KAI-05. AN EMPIRICAL ANALYSIS OF AUDITOR LITIGATION SEKAR MAYANGSARI

KAI-05. AN EMPIRICAL ANALYSIS OF AUDITOR LITIGATION SEKAR MAYANGSARI

The limitations of Lys and Watts’ study are the use of total accrual to measure earnings management. The use of total accrual to detect earnings management is questionable because the prior researches showed that the robust model used to detect the earnings management is Jones’ model (Jones 1991). The inaccuracy of accrual abnormal measurement makes the result of Lys and Watts’ study is inconsistent. Based on univariat analysis, they found total accruals influence on auditor litigation significantly negative. Then in multivariate analysis the influence changed into positive. Furthermore, they conduct sensitivity analysis by using different sample period. And they do not find the significant influence of the total accrual on auditor litigation. The researcher does not explain about the inconsistency results.
Baca lebih lanjut

18 Baca lebih lajut

Directory UMM :Data Elmu:jurnal:J-a:Journal of Economics and Business:Vol51.Issue4.July1999:

Directory UMM :Data Elmu:jurnal:J-a:Journal of Economics and Business:Vol51.Issue4.July1999:

A second objective of this paper is to contribute to the empirical literature on uncertainty. There exists a substantial body of theoretical literature on uncertainty which uses the expected utility maximization approach, but the corresponding empirical litera- ture is sparse. This paper conducts an empirical analysis of the risk responsive behavior of international firms faced by domestic price and exchange rate uncertainty and uses the general expected utility maximization approach to determine the empirical form of the utility function [see Park and Antonovitz (1992a, 1992b); Dalal and Arshanapalli (1993)]. The issue of empirically determining the form of the utility function cannot be overem- phasized in any study of risk responsive behavior. Given that differing assumptions about risk preferences lead to differing economic outcomes, any study of risk responsive behavior must be presumed upon an empirical determination of the utility function.
Baca lebih lanjut

11 Baca lebih lajut

Sustainability of TQM Implementation Model In The Indonesia’s Oil and Gas Industry: An Assessment of Structural Relations Model Fit | Ciptono | Gadjah Mada International Journal of Business 5491 9366 1 PB

Sustainability of TQM Implementation Model In The Indonesia’s Oil and Gas Industry: An Assessment of Structural Relations Model Fit | Ciptono | Gadjah Mada International Journal of Business 5491 9366 1 PB

Abstract: This study purposively is to conduct an empirical analysis of the structural relations among critical factors of quality management practices (QMPs), world-class company practice (WCC), opera- tional excellence practice (OE), and company performance (company non-financial performance or CNFP and company financial performance or CFP) in the oil and gas companies operating in Indonesia. The current study additionally examines the relationships between QMPs and CFP through WCC, OE, and CNFP (as partial mediators) simultaneously. The study uses data from a survey of 140 strategic business units (SBUs) within 49 oil and gas contractor companies in Indonesia. The findings suggest that all six QMPs have positive and significant indirect relationships on CFP through WCC and CNFP. Only four of six QMPs have positive and significant indirect relationships on CFP through OE and CNFP. Hence, WCC, OE, and CNFP play as partial mediators between QMPs and CFP. CNFP has a significant influence on CFP. A major implication of this study is that oil and gas managers need to recognize the structural relations model fit by developing all of the research constructs simultaneously associated with a comprehensive TQM practice. Furthermore, the findings will assist oil and gas companies by improving CNFP, which is very critical to TQM, thereby contributing to a better achievement of CFP. The current study uses the Deming’s principles, Hayes and Wheelwright dimensions of world-class company practice, Chevron Texaco’s operational excellence practice, and the dimensions of company financial and non- financial performances. The paper also provides an insight into the sustainability of TQM implementa- tion model and their effect on company financial performance in oil and gas companies in Indonesia. Gadjah Mada International Journal of Business
Baca lebih lanjut

20 Baca lebih lajut

UNDERSTANDING PUBLIC SECTOR PERFORMANCE IN TRANSITION COUNTRIES – AN EMPIRICAL CONTRIBUTION

UNDERSTANDING PUBLIC SECTOR PERFORMANCE IN TRANSITION COUNTRIES – AN EMPIRICAL CONTRIBUTION

149. Complaint systems are not the only institutional mechanisms that appear to discourage bribery: courts, at least in the Kyrgyz Republic and Romania, play an important role as well. A one percent increase in the quality of courts results in a 22 percent decrease in the probability the firm will pay a bribe. Unfortunately, the data do not allow us to identify the particular aspects of courts that are acting as a check on corruption in government. One possibility is that higher quality court systems are better able to prosecute cases of government corruption. Thus, the higher the quality of the court system, the greater the risk to officials and, if offering a bribe is a crime, to firms as well. An alternative possibility is that higher quality court systems more effectively adjudicate administrative complaints. These may be complaints lodged by firms, for example because they were illegally denied an important property right as a consequence of an action by the state, a problem which might otherwise have been solved using bribery. Or, they may be complaints lodged by officials, for example who are illegally dismissed or otherwise punished because they have revealed cases of government abuse. Moreover, the ways in which the outcomes of these cases feed back into organizational reforms within the state have not been studied at all. In fact, the analysis in Chapter 3 suggests that links between feedback and systemic reform are virtually non-existent. Much more investigation is needed to establish the precise role of courts in checking poor public sector performance.
Baca lebih lanjut

127 Baca lebih lajut

AN EMPIRICAL ASSESSMENT OF CORPORATE ENVIRONMENTAL CRIME CONTROL STRATEGIES

AN EMPIRICAL ASSESSMENT OF CORPORATE ENVIRONMENTAL CRIME CONTROL STRATEGIES

Corporate illegality is often attributed to greed by corporate managers and insufficient legal safeguards. Underlying this argument is an explicit critique of corporate crime regulatory systems. Yet there is little systematic investigation of the relative merits of different types or components of crime-control strategies; research comparing more punitive command-and- control strategies with self-regulatory approaches is particularly lacking. In this Article, we assess these crime prevention-and-control mechanisms in the context of individual and situational risk factors that may increase the likelihood of illegal behavior in the environmental arena. We use data drawn from two groups of business managers who participated in a factorial survey (using vignettes) measuring their intentions to participate in two types of environmental offenses. Generally, results show that the most effective regulatory levers are (1) credible legal sanctions and (2) the certainty and severity of informal discovery by significant others in the firm. We conclude by discussing the implications of our findings for regulatory policy and strategy, and for efforts to account for the role of social norms in corporate environmental compliance.
Baca lebih lanjut

50 Baca lebih lajut

An Empirical Study on Market Timing Theory of Capital Structure

An Empirical Study on Market Timing Theory of Capital Structure

In consideration of the above, the author intends to conduct a test on the market timing of capital structure in Indonesia. There are two motivations for the author in conducting this test. Firstly, the MTT theoretical debate reconciliation such as the study by Alti (2003) and Hogfeltd and Oborenko (2005) [contra MTT] and the study by Kayhan and Titman (2005) and Wagner (2007) [pro MTT]. Secondly the research on MTT was only conducted four times in BEI by Kusumawati and Danny (2006) that emphasized the effect of long term capital structure persistence by applying the MTT method and the OCS (optimal capital structure/STT), meanwhile Dahlan (2004) focused on whether or not there is a policy for capital structure in Indonesia that is oriented towards MTT. In addition to the abovementioned research, there are also studies conducted by Susilawati (2008) and Saad (2010). The general objective of this research is to prove that MTT is applicable at BEI; while the specific purpose is: to analyze the market-to-book ratio against the leverage and analyze the effect on the control variables (other variables) such as net property, plant and equipment; Earnings after Tax and Total Assets over leverage. The urgent objective is to find an indicative proof of MTT applied in BEI, i.e. the value of market-to-book ratio will negatively affect the leverage. Logically, at the time the firm experienced high growth
Baca lebih lanjut

9 Baca lebih lajut

Corporate Hedging Policy Analysis and It’s Impact on Firm Value : An Empirical Study of Indonesian Stock Exchange

Corporate Hedging Policy Analysis and It’s Impact on Firm Value : An Empirical Study of Indonesian Stock Exchange

The purpose of this study is to investigate the relationship between firm value, financial distress, underinvestment cost , economic exposure and corporate hedging with foreign currency derivatives (FCD) for 186 Indonesian companies listed on the Indonesian Stock Exchange (IDX) over the period 2007-2011. Using data from the annual reports, we find strong evidence linking the decison to hedge and the firm value for the overall sample. Data analysis methods using Structural Equation Modelling (SEM) with the program Linear Structural Relationship (LISREL). This research find that foreign currency hedging is positively correlated with the value of firm. The results suggest that while firm size and the exposure to exchange rate through foreign sales are two important factors determining the decision to hedge, the exposure to exchange rate through foreign sales is the sole factor affecting the extent of hedging. Due to positive economic exposure to the value of the company, the study recommends an increased in productivity export company to improve their performance. And also for the industrial sector that using the external financing in foreign currency should implement hedging policy.
Baca lebih lanjut

254 Baca lebih lajut

Manajemen | Fakultas Ekonomi Universitas Maritim Raja Ali Haji jbes%2E2009%2E06157

Manajemen | Fakultas Ekonomi Universitas Maritim Raja Ali Haji jbes%2E2009%2E06157

lar approaches to Pareto exponent estimation, with b taken as an estimate of the tail index. Unfortunately, these procedures are strongly biased in small samples. We provide a simple approach to bias reduction based on the modified log-log rank-size re- gression log(Rank − 1/2) = a − b log(Size). The shift of 1/2 is optimal and reduces the bias to a leading order. We further show that the standard error on the Pareto exponent ζ in this regres- sion is asymptotically (2/n) 1/2 ζ, and obtain similar results for the regression log(Size) = c − d log(Rank − 1/2). The proposed estimation procedures are illustrated using an empirical analy- sis of the U.S. city size distribution. Simulation results indicate that the proposed tail index estimation procedures perform well under dependence and deviations from power law distributions. They further demonstrate the advantage of the new methods over the standard OLS log-log rank-size regressions.
Baca lebih lanjut

17 Baca lebih lajut

FLYPAPER EFFECT: AN EMPIRICAL STUDY OF INDONESIA CASE (2004 – 2010

FLYPAPER EFFECT: AN EMPIRICAL STUDY OF INDONESIA CASE (2004 – 2010

Flypaper effect is a well-known phenomenon in public finance with regard to intergovernmental transfer. It exists when an increase in grants is more stimulative than a similar increase in income towards the local government (recipient’s) expenditure. Numerous studies had occurred to both identify the existence of flypaper effect as well as to determine the cause. Most researchers worldwide disagree about the existence and even more disagree upon different results regarding the existence and the cause of different results. Two studies had been done in Indonesia within municipalities and they resulted in differing conclusions of the existence. This study is meant to identify flypaper effect within provincial level using what is hoped to be the proper way to investigate the existence.
Baca lebih lanjut

13 Baca lebih lajut

Directory UMM :Data Elmu:jurnal:E:Ecological Economics:Vol34.Issue3.Sept2000:

Directory UMM :Data Elmu:jurnal:E:Ecological Economics:Vol34.Issue3.Sept2000:

conservation attitudes. Thefts of gasoline and food, inadequate use of equipment, and nature- degrading practices are some of the problems encountered when incentives are lacking — e.g. in the case of the pure salary model. This means that raising local participation is an advantage to all parties, whenever local capacity is present or may be built. In the Cuyabeno case, three practical recommendations can be made. First, native guides may be an important supplement to guides from outside, if they receive the necessary train- ing. Second, food sales can be augmented whenever this is ecologically sound and techni- cally feasible. Third, Za´balo demonstrates that handicrafts and cultural elements have a high income potential. Changes should be gradual, al- lowing for mutual processes of confidence-build- ing and learning, working with and not against commercial agencies.
Baca lebih lanjut

15 Baca lebih lajut

Public Opinion on Peace as a Reflection of Social Differentiation and Politicisation of Identity in Sri Lanka | Stokke | PCD Journal 25719 52801 1 SM

Public Opinion on Peace as a Reflection of Social Differentiation and Politicisation of Identity in Sri Lanka | Stokke | PCD Journal 25719 52801 1 SM

to impose and normalise representations of the world that suit their own interests. The power of the ideas proposed by these political actors is measured by their ability to produce and mobilise a group of people, meaning that they must resonate with the habitus of those they intend to mobilise. Bourdieu (1991) argues that this symbolic relationship between political representatives and those that are being represented is structured by the competitive relations between political professionals. Therefore, political representation is determined both by the relationship between representatives and represented, and between competing representatives (Stokke and Selboe, 2009). The relevance of this for our analysis is that political construction and politicisation of issues and identities, stemming from the struggle for accumulation of political capital, constitute a source of public opinion. Thus, we have two different but interrelated logics that might frame public opinion: one stemming from structural cleavages in society and the other originating from strategies and relations in the political ield. This general framework will guide our empirical analysis of public opinion on peace in Sri Lanka.
Baca lebih lanjut

32 Baca lebih lajut

HIV-AIDS Education and Willingness to VCT among Youth.

HIV-AIDS Education and Willingness to VCT among Youth.

A more serious challenge today, is the growing infection rates among adolescence. Research has shown that highest group found to be infected with the virus is the age-group 15-24. The youth high-risk group accounts for 60% of all new infections in many countries. For example, in sub- Saharan African, which has just over 10% of the world’s population, remains the most seriously affected region (Asante, 2013). An estimated population of over 150 million people, Nigeria currently has the second highest number of infected person, over 3.4 million. Risky sexual activities particularly among young people ages 15-24 years are responsible for 80% of new HIV infection with prevalence of 4.1%, same as the national rate (Oladunni, 2013).
Baca lebih lanjut

13 Baca lebih lajut

Directory UMM :Data Elmu:jurnal:A:Accounting, Organizations and Society:Vol24.Issue1.Jan1999:

Directory UMM :Data Elmu:jurnal:A:Accounting, Organizations and Society:Vol24.Issue1.Jan1999:

support system literatures encouraged the pursuit of research to investigate the relationship between the uses in the typology and perceptions of execu- tive support system success. Table 1 summarizes the literature sources supporting each component. A fundamental issue facing all researchers who investigate information systems is the selection of a dependent construct to measure system success (Keen, 1981; Srinivasan, 1985). The ultimate aim of most systems is to improve organizational e€ectiveness, performance and pro®tability. How- ever, because of the many confounding factors, alternate explanations, and time lags associated with these concepts, researchers are forced to use surrogate measures. In this research, managers' perceptions of the usefulness of the ESS for improving competitiveness is employed as a sur- rogate for its actual impact on competitiveness. This approach to measurement assumes that per- ceptions form the basis of behaviours (Volkart, 1951; Ajzen & Fishbein, 1980; Goldman, 1986). What managers believe as real, is real or becomes real as a result of the actions they take to support their belief. Geringer and Hebert (1991) provide empirical support for this assumption.
Baca lebih lanjut

16 Baca lebih lajut

6th gcbss  proceeding

6th gcbss proceeding

The article aims is presentation of Supply Chain Management issues introduced in tourism enterprises. The tourist product constitutes a mixture of services and resources offered and controlled by several businesses, organizations and authorities, implementation of SCM with the common responsibility allow for development of actions along with a cooperative atmosphere among all tourist partners. The paper consists of investigating the tourism development with SCM introduction and the study results on SCM introduction in chosen Greek enterprises located in Crete Island. The paper is based on the supply chain implementation in tourism industry literature review as well as statistical presentation of Crete Island tourism branch and tourists movement. Asthma can only be controlled so that the symptoms will not appear frequently. If asthma is not well-controlled, there will be some negative consequences which may lead to a poor quality of life. Nunes, Pereira, and Morais-Almeida (2017) stated that people with asthma may experience direct and indirect costs caused by the disease. Centanni (in Trzcinska et al., 2012) found that depression and anxiety disorders were more common in people with asthma than in people with other somatic disorders. Previous studies have shown that individual characteristics such as health locus of control p lays a role in predicting one’s quality of life, Participants in this study were persistent asthma patients who undergone routine controller treatment with an age range of 17 to 55 years old (adult), recruited through convenience sampling method. The influence of internal HLOC on quality of life can be seen from the significant beta coefficient of 0.497 (p <0.000). it can be concluded that adherence does not mediate the relationship between internal health locus of control and quality of life among adults with asthma.
Baca lebih lanjut

242 Baca lebih lajut

: Sistem Informasi Penelitian  Universitas Kristen Satya Wacana M02429

: Sistem Informasi Penelitian Universitas Kristen Satya Wacana M02429

ASEAN Community consists of three pillars, namely the ASEAN Political Security Community, the ASEAN Economic Community, and the ASEAN Socio Cultural Community. ASEAN Economic Community ( in after referred to AEC) bringing positive impacts to the government and the people of Indonesia, but some people worries about it. However, it isn’t be avoided because the Indonesian government already signed the blueprint of free market. The leader of ASEAN agreed to accelerate the establishment of AEC in 2015 and to transform ASEAN into a region with free trade of good, services, investment, skilled labour and capital flows. The idea about AEC made positive and negative impacts for Indonesia. Firstly, the implementation of it in 2015 can be prosperous for Indonesia. Indonesia have board market, natural resources better than others, and more competitive human resources. But, the AEC also giving negative impact on the Indonesian economy. Indonesia must fix a weak sector to welcoming AEC 2015 and also provide efficiency, because the competition will be tighter. Well, here is the problem of efficiency. So Indonesia must be think smart of efficiency, made regulation and strategy. The author uses the normative legal method.The Indonesian government must provide a clear legal basis and appropriate economic mechanism Indonesia's success in the AEC. One thing that should be a government priority in welcoming AEC is fiscal policy. The Indonesian government should make fiscal policy related to licensing easier and less of tax for foreign investors. In addition, the efforts of the current government is to encourage the development of national industry with incentives. Fiscal incentives in tax holiday and tax allowance. Income for the period of 5 to 10 years and an additional reduction of income tax by 50 percent over two years for the industry pioneer.
Baca lebih lanjut

242 Baca lebih lajut

An Empirical Investigation and Analysis on Factors Influencing Local Government Accounting Practices - Repositori Universitas Andalas

An Empirical Investigation and Analysis on Factors Influencing Local Government Accounting Practices - Repositori Universitas Andalas

In recent decades, public sector and governmental accounting reforms have occurred in many countries around the world. The reforms have brought various practices in public sector to get much closer to practices commonly found in private sector. These reforms and changes show various characteristics known as New Public Management (NPM). As an important part of NPM, accounting reforms often constitute the first stage of governmental reform, followed by governmental management reform, organization, and other parts of public administration (Christiaens, 1999). In line with this statement, the fact indeed shows that public sector accounting and financial statement as well as accrual-based financial system has been introduced and applied in accordance to generally accepted accounting principles in many countries (Carvalho et al., 2007).
Baca lebih lanjut

11 Baca lebih lajut

Show all 10000 documents...